Seagate’s nearline hard drive capacity shipments grew less than Wells Fargo expected in the first quarter of fiscal 2027, but its revenue guidance for the following quarter exceeded the bank’s and the market’s prior expectations. Wells Fargo raised its earnings forecasts while cutting its price target from $865 to $820.
BofA expects VNET's third-quarter revenue to grow 13% year on year, but the pace of customer move-ins is constrained by AI chip supply. It cut its price target from 13.2 dollars to 6.5 dollars.
NXP’s third-quarter revenue rose 19.3% year over year, but its shares fell after hours. The company expects double-digit revenue growth in 2027. Wells Fargo raised its earnings estimates and price target while noting that the recovery in automotive demand remains slower than expected.
Yitang’s next-generation dry etching equipment has entered volume production at multiple customers and secured an order from a European customer; some products in its new equipment development projects have entered customer validation.
In morning trading on 4 November, indices fluctuated weakly and trading volume edged down from the previous day, while short-term trading losses became more widespread. Funds returned to the humanoid robotics sector, semiconductors strengthened, and computing-power hardware was relatively weak.
Tower Semiconductor beat third-quarter expectations, extended long-term customer agreements to 2029 and accelerated its silicon photonics capacity expansion. BofA remains positive on demand but has lowered its medium-term revenue forecasts and price target.
Apple’s revenue for the quarter ended in September rose 11.7% year over year, exceeding company guidance and market expectations. iPhone, Mac and Greater China grew rapidly, while iPad and wearables revenue declined; Citi is watching pressure on gross margins from memory costs.
Apple’s fiscal fourth-quarter revenue and earnings per share for 2026 exceeded market consensus, but its guidance for next-quarter services growth and gross margin was weak. JPMorgan raised its hardware revenue forecasts while lowering its earnings forecasts and price target.
Reflexivity aims to shift investment research from passive searching to proactive discovery: the platform connects market data, asset relationships and user holdings to generate event alerts, thematic portfolios and risk analysis. The company says query costs have fallen by approximately 70% over the past three months.
Applications for the third swap facility exceeded 100 billion yuan, while the interest rate on relending for share buybacks was cut and the program was made a long-term arrangement. JPMorgan believes that, although no additional quotas were announced for either tool, policy signals and state-backed buying could support Chinese equities, with onshore technology stocks potentially benefiting more.
BofA believes crowded long positions in AUD/NZD make the exchange-rate impact of the election asymmetric: a Labour-led government could push the rate up to 1.26, while a National Party government remaining in power could drive it down toward 1.21.
CSI 300 revenue rose in the third quarter but earnings per share fell. JPMorgan expects full-year earnings growth to face downward revisions; policy provides downside support, while the AI infrastructure pullback creates new allocation opportunities.
BofA believes no single event is likely to resolve AI and macroeconomic uncertainty. Its US equity screening framework emphasizes cash-backed growth, diversification within equities, and distinguishing low-valuation opportunities from value traps.
US CPI inflation rose to 3.7% year over year in September. Real wage growth continues to support spending, but lower-income households face greater pressure from energy costs. Bernstein expects consumers to remain focused on value for money, with varying effects on retail, restaurants and home improvement.
North American heavy-duty truck production surged in September, but new orders shifted to a year-on-year decline; construction equipment demand was supported by data center and power projects, while farm equipment sales and farmer confidence remained under pressure.
Bernstein raised its forecast for demand for Advantest SoC testers in the fiscal year ending March 2029 by 82% and lifted its price target from 45,800 yen to 55,700 yen. The key drivers of the new model are longer ASIC test times, growing shipments and an expanding server CPU testing market.
Pfizer’s third-quarter revenue was broadly flat year over year, while profit exceeded market expectations; growth products still account for a small share, and long-term growth depends on progress in the obesity and oncology pipelines.
Guests invited to a Goldman Sachs discussion on China’s macroeconomy expect the 2027 growth target to be no significantly lower than 4.5%, with government investment potentially continuing to compensate for insufficient private demand. Meanwhile, public finances face sustained pressure, and export growth could slow from more than 20% in the first three quarters of 2026 to about 10%.
As of 2 November, prediction markets implied a probability above 70% of Democrats winning a Senate majority, up from about 60% two weeks earlier; the probability for the House exceeded 90%. Goldman Sachs believes the House outcome matters more for the policy outlook, but key Senate races remain within polling margins of error.
Condiment sales rose about 4% in the first three quarters of 2026, but a weak foodservice channel and higher soybean and PET costs have kept Goldman Sachs cautious on fourth-quarter gross margin. The company has no near-term price increase planned and will watch the buildup of inventory for the Lunar New Year.
