The primary buying and selling day of November started on an upbeat notice however ended with a blended end, due to information on SNAP assist and the S&P 500 rallying after exceeding earnings studies in numerous sectors.
- The S&P 500 was up 0.2%, led by positive factors from quite a few offers from Amazon.
- The tech-heavy Nasdaq Composite was up 0.5%, led by Micron and Idexx Laboratories.
- The Dow Jones Industrial Common, nevertheless, slipped within the later hours of buying and selling, down 0.5%, together with the Russell 2000, down 0.3%.
As the federal government shutdown continues to increase, edging nearer to changing into the longest in American historical past, the Trump administration has agreed to pay 50% of the SNAP allotment, a program that gives meals stamps to greater than 40 million low-income American households.
The market had blended emotions in regards to the drag, fueled primarily by advances and expansions within the subject of synthetic intelligence. A number of offers with Amazon’s (AMZN) AWS had been introduced, which led to an total bullish market.
Amazon’s AWS engages in a number of offers, fill up 15% year-to-date
Leon Sadiki/Bloomberg through Getty Pictures
A serious company takeover was introduced immediately between Kimberly-Clark and the maker of Tylenol, Kenvue, valued at $48.7 billion.
Gold is again to gaining, though solely barely up at 0.4% immediately, nevertheless it remained above the $4000 mark. The US 10-year Treasury is now additionally again as much as its standard 4% mark, signaling investor confidence in financial progress.
Amongst notable inventory movers immediately had been Idexx Laboratories, whose inventory recorded a 14.8% achieve after earnings launch. Amazon and Cipher gave one another a constructive push, up 9.8% and 21.9% respectively.
Listed here are probably the most energetic shares immediately
5 S&P 500 shares making huge strikes immediately are:
- IDEXX Laboratories: +14.8%
- Kenvue Inc: +12.3%
- Incyte Corp: +8.7%
- Broaden Vitality Corp: +6.6%
- Cigna Group: +5.8%
The worst-performing 5 S&P 500 shares immediately are:
- Kimberly-Clark Corp: -14.6%
- Moderna Inc: -8.3%
- Constitution Communications: -4.9%
- DoorDash Inc: -4.8%
- LKQ Corp: -4.8%
Shares additionally value noting embrace:
- Past Meat: -16.4%
- Nvidia: +2.2%
- Palantir: +3.4%
- Alphabet A: +0.9%
- Tesla: +2.6%.
Pet diagnostics firm emerges winner
Idexx Laboratories (IDXX), a worldwide chief in pet healthcare diagnostics and veterinary expertise, introduced its Q3 2025 outcomes on November 3.
Extra Tech Shares:
- As Palantir rolls on, rivals are value a re-evaluation
- Nvidia’s subsequent huge factor may very well be flying vehicles
- Cathie Wooden sells $21.4 million of surging AI shares
Listed here are the important thing takeaways from IDEXX Q3 earnings:
- Income, up 13% at $1.105 billion
- EPS reported at $3.40, representing a 21% year-over-year improve.
- Working margin up 32% yoy.
The inventory of the US-based pet software program and companies firm surged 14.8% immediately after its robust earnings report, marking a 74% year-to-date rally.
Idexx reported a 14% improve in income, pushed by progress within the Companion Animal Group (CAG) and Livestock, Poultry, and Dairy (LPD) segments of 14% and 17%, respectively.
Jay Mazelsky, President and CEO of IDEXX, attributed its progress and powerful international buyer adoption to innovation and powerful execution.
This sturdy efficiency, resilient pricing, and execution energy led analysts to extend their worth targets.
Financial institution of America elevated its worth goal to $790 from $700, sustaining a Impartial score, citing the Q3 as a “clean, straightforward beat with nothing to nit-pick,” as famous at TheFly.
Leerink elevated its worth goal to $785 from $745, sustaining an Outperform score, noting that the quarterly report was spectacular, with robust natural progress that underscores the scale of the present diagnostic market alternative, as reported by TheFly.
AWS and OpenAI enter new deal
Following Amazon’s announcement of a 20% improve in its AWS division through the firm’s Q3 earnings on Oct 30, its inventory skilled a big surge, with analysts optimistic in regards to the future potential of AWS progress.
And immediately, November 3, AWS inventory jumped 9.8% intraday after the corporate introduced a $38 billion, seven-year cloud computing partnership with OpenAI, impacting not simply its personal inventory but in addition influencing associated shares, reminiscent of these of Cipher.
The deal positions AWS as a central infrastructure spine for OpenAI’s subsequent wave of mannequin improvement.
Wedbush raised its worth goal to $340 from $330, preserving an Outperform score after the strategic deal. Analysts notice that this deal builds on Amazon’s current partnership with Anthropic, serving as its major cloud supplier, and “is a continued move in the right direction for Amazon, as noted at TheFly.
Related: Bank of America revamps Amazon stock price after earnings
Bitcoin Miner Cipher strikes deal with AWS
The shares of a pure-play Bitcoin mining firm, Cipher, soared 21.9% on Monday after it announced its Q3 2025 earnings, recording a new 52-week high.
The release also expanded on a highly beneficial deal with a cloud computing giant.
The bitcoin miner, which recorded a 390% year-to-date stock gain, announced a $5.5 billion, 15-year data center campus lease with Amazon Web Services. Cipher will deliver 300 MW of capacity in 2026.
The deal marks a milestone that shifts Cipher into the AI-compute infrastructure space.
Here are the highlights of Cipher’s Q3 earnings:
- Revenue of $71.7 million, a 197% increase year over year
- Net loss of $3.3 million, reduced from the $86.8 million loss a year ago.
- Cash and cash equivalents of $1.2 billion.
- Adjusted EPS of $0.10 per diluted share.
In addition to the AWS deal, Cipher also executed “a pivotal transaction with Fluidstack and Google,” a 10-year AI internet hosting settlement which firmly establishes its credibility within the HPC area.
H.C. Wainwright raised its worth goal on Cipher to $30 from $25 after the AWS deal, sustaining a Purchase score, citing the deal’s pricing and profitability as key drivers.
Associated: Financial institution of America reconsiders Alphabet inventory worth goal after earnings
