Research 05.11.2026Invesco QQQ Trust Series IBATS:QQQhi2morrow_team🌏 Markets: SPY +0.19 +0.02%(pre/m) QQQ -5.99 -0.87%(pre/m) 🆕 Economic News: Nasdaq futures lag as chipmakers extend losses after QCOM's outlook and a 5% KOSPI slide; Dow futures add to the post-midterm rally 08:30 USA – Initial Jobless Claims 08:30 USA – Nonfarm Productivity, Unit Labor Costs (Q3 prel) 08:50 USA – Fed Hammack Speech 09:10 USA – Fed Barkin Speech 10:30 USA – EIA Natural Gas Storage 19:00 USA – Fed Logan Speech Earnings before the open: SRE, FWONK 📈 Gap Ups Reaction to earnings/guidance: TBI, SEZL, RUN, LYNX, WRBY, APP, ADMA, U, BKSY, EPAM, RPD, APPN, ASPN, TPR, JOBY, IRWD, XERS, PTON, TM, ONC, PH, CHYM, VRSK, SONY, RVMD, TRP, TIGO, SITM, ZTS, EW, OSCR, ALB, CAH, MT, NGG, CNQ, AFL, MCK, AU, ALL, CI, COP, KMB, SO, DUK, MET, MSI Other news: UBER and AMZN higher after Amazon Prime members get free Uber Eats delivery on orders over $25 under a new partnership Gold miners rise as gold gains 1.9% to ~$4,135: GFI (backs 2026 guidance after a Q3 update), HMY, AEM, KGC, NEM, B Chinese ADRs rise as Hong Kong tech rebounds: BABA, PDD, NTES COST higher after October net sales rose 12.6% to $24.5bn U.S. banks extend the post-midterm rotation: JPM, BAC, C, WFC, MS Energy majors edge up as Brent rebounds 1.3% after Wednesday's plunge: XOM, CVX 📉 Gap Downs Reaction to earnings/guidance: MNTN, VCYT, HIMX, TRIP, FOUR, ZG, PCT, VISN, FSLY, BROS, RELY, SNAP, AMCR, QCOM, HUBS, PAYC, CAVA, WMS, ROK, FICO, EXPE, MELI, SLF, ARM, FIG, BDX, LAMR, IRM, CDE, COHR, CMI, TKO, TRGP, MTSI, NTR, APD Other news: QCOM: handset chip revenue fell 26% y/y to $5.14bn on higher memory costs; the December-quarter outlook came in softer than expected ARM: royalty revenue grew just 8% as smartphone memory pricing hit royalties, despite a revenue beat CMI cut its revenue growth view on weaker-than-expected North American pickup truck demand Chip and memory names extend losses as the KOSPI falls 5.28% to a 7-month low on AI spending worries: SKHY, UMC, ASX, SNDK, STX, WDC, AMAT, LRCX, MRVL, AMD, TSM, ASML, AVGO, INTC, TXN, NVDA MU lower after pausing work on a $4.5bn Taiwan plant amid a labor dispute — BBG AI hardware and data-center names slip after META's president said the midterm results will make building data centers harder (WSJ): BE, HPE, LITE, DELL, ANET, GEV, VRT, GLW Morgan Stanley cut CSCO to Equal-Weight from Overweight, lowered price target to $120 from $135 Software and cybersecurity names lower amid the AI selloff: NET, CRWD, PLTR, PANW TSLA and SpaceX SPCX extend losses amid political risks for Elon Musk after the midterms ‼️ Additional Bank of England raised Bank Rate to 4.00% as expected; eight MPC members voted for 25 bp, Catherine Mann for 50 bp KOSPI closed down 5.28% at 5,383.80, its lowest close since April 3; ~$550bn was wiped from AI stocks in South Korea, Taiwan and Japan Gold hits a 2-week high as the dollar, yields and oil fall after the midterms — Reuters Brent +1.3% to ~$95.9, WTI +0.3% to ~$87.4 after both plunged more than 8% on Wednesday on US-Iran diplomacy hopes Bitcoin back above $80,000 Challenger: October layoffs 43,994 (-71% y/y); hiring plans 444,692, the highest October since at least 2009 Dan Ives sees another 10%–12% downside for chip stocks; Tom Lee calls the AI selloff an "overreaction" — Benzinga Best regards – hi2morrow team.