Palantir Powers Ahead: Record Profit Fuels AI Revolution in U.S. Market

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Palantir Powers Ahead: Record Profit Fuels AI Revolution in U.S. Market 📊 The company reported a record $144 million profit and raised its revenue forecast, driven by high demand in the U.S. for its AI solutions. Q3 sales grew 30% to $725.5 million, exceeding analysts’ expectations, as U.S. commercial revenue surged 54% and government business jumped 40%. Yahoo Finance reports.

🚗 TurboClear: US agency ends investigation into Ford engine failures after recall and warranty extension. Yahoo Finance reports.

🔻 EV-drift: Tesla's Oct China-made EV sales fall 5.3% from a year earlier. Reuters reports.

📲 InstAI: Instagram plans to use AI to catch teens lying about age. Yahoo Finance reports.

🔎 MetaData: Facebook, Nvidia ask US Supreme Court to spare them from securities fraud suits. Reuters reports.

🤝 StrikeDeal: Boeing machinists end strike after approving labor contract with 38% wage increases. CNBC reports.

📊 ProfLoews: Loews' third-quarter profit jumps on investment income boost. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $BNOX: Bionomics
Total gain: 127.3%

2. $SPPL: Simpple
Total gain: 69.49%

3. $ALBT: Avalon Globocare
Total gain: 40.17%

4. $QNST: QuinStreet
Total gain: 30%

5. $GraniteShares 2x Long
Total gain: 25.82%

* Analyzing the markets with Richie Naso, a Wall Street veteran of over 40 years and former member of the NYSE.

Big Tech Earnings & The U.S. Election

The election loomed over the markets last week, with both investors and businesses assessing potential outcomes and subsequent policy shifts. Global markets experienced mixed movements amid Big Tech earnings announcements and the U.S. Presidential election, which is days away. Analysts continue to speculate on each candidate's policies and their impacts on various sectors and industries. The tight race between Kamala Harris and Donald Trump has heightened market uncertainties, with implications for fiscal and trade policies.

The closing price of the top three market percent gainers trading near or above $3 on November 4.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $ADN: Advent Technologies Holdings
Total gain: +76.32%
The company is pleased to announce that its Greek subsidiary, Advanced Energy Technologies, SA, has received full approval for its requested grant of €34.5 million from the EU Innovation Fund for the RHyno Project. The Advent Renewable Hydrogen Innovative Technologies (RHyno) project aims to establish infrastructure to develop and manufacture advanced fuel cells, electrolysers, and key components, including Advent’s groundbreaking Membrane Electrode Assembly technology, on a megawatt (MW) scale. Benzinga reports.

2. $ELWS: Earlyworks Co.
Total gain: +60.25%
The stock appeared to be moving on no notable news.

3. $VSTE: Vast Renewables
Total gain: +41.88%
The company recently signed a development services agreement with GGS Energy LLC to advance Project Bravo, a synthetic fuels initiative in the southwestern U.S., with the goal of achieving commercial-scale impact. Benzinga reports.

Time (ET) / Report / Period

8:30 am - U.S. trade deficit
9:45 am - S&P final U.S. services PMI
10:00 am - ISM services

“Never underestimate the value of diversification.”

― Burton G. MalkielSourced in:
“A Random Walk Down Wall Street: The Time-Tested Strategy for Successful
Investing”, by Burton G. Malkiel, published in 1973