Analyst Weekly, November 3, 2025
Commerce Diplomacy: US’s “Asia Blitz” Targets China
Whereas D.C. argued over spending, the US administration was busy redrawing Asia’s commerce map. Offers have been accomplished with Malaysia, Cambodia, Vietnam, and Thailand, all carrying provisions designed to curb China’s affect, from banning items made with pressured labor to tightening export controls on delicate applied sciences.
On the similar time, Washington and Beijing reached a one-year “managed decoupling” truce: China paused new rare-earth export bans, the US delayed new sanctions on Chinese language companies, and either side agreed to extra agricultural and power commerce. The aim, at the least for now, is to sluggish the financial separation with out derailing world provide chains.
Investor Takeaway: Count on renewed momentum in “China-plus-one” commerce beneficiaries like Vietnam, Thailand, and India. ETFs monitoring rising Asian manufacturing may achieve from redirected provide chains. US semiconductor and power exporters additionally stand to learn as commerce flows rebalance.
Allies within the Fold: Japan, South Korea, and the AI Angle
The US additionally deepened its alliances with Japan and South Korea, hanging funding pacts throughout nuclear power, shipbuilding, and synthetic intelligence (AI). Japan dedicated to assist finance $80 billion price of US nuclear tasks, whereas South Korea’s $350 billion funding plan, a long-debated bundle, will now prioritize heavy manufacturing and maritime industries.
In the meantime, tech cooperation took middle stage: Washington and Tokyo agreed to coordinate AI and quantum computing improvement, making certain that allies depend on US-made AI chips. Taiwan additionally reported “progress” in its personal commerce talks, reinforcing America’s expertise sphere of affect.
Investor Takeaway: This “friendshoring” momentum is bullish for AI infrastructure and chipmakers tied to US provide chains. Names in semiconductors, clear power, and industrial robotics may see sustained demand. Lengthy-term buyers would possibly have a look at world thematic funds targeted on AI or next-gen manufacturing.
Key Earnings Experiences: Week of November 3, 2025
- Palantir Applied sciences (PLTR): Buyers shall be laser-focused on the uptake of Palantir’s new Synthetic Intelligence Platform (AIP) and its position in accelerating the corporate’s progress. The increasing industrial use-cases for Palantir’s AI-driven analytics have analysts predicting a ~50% YoY income leap, underscoring the view that Palantir is on the forefront of the AI revolution.
- Pfizer (PFE): Buyers shall be awaiting steerage and new product momentum, in search of indicators that Pfizer’s non-COVID portfolio (which grew 14% within the prior 12 months’s quarter) can offset the steep decline in COVID franchise gross sales and restore earnings progress.
- Superior Micro Gadgets (AMD): Wall Avenue is concentrated on momentum in AMD’s increasing AI and cloud segments, anticipating ~27% YoY gross sales progress fueled by demand for EPYC server processors and new AI accelerators; a development buyers hope can preserve AMD’s 2025 rally intact within the face of PC market headwinds.
- Uber Applied sciences (UBER): The highlight is on execution and margin self-discipline as Uber strives for sustainable profitability throughout rides and supply. Buyers are awaiting regular ride-hailing revenue margins and enhancing unit economics in meals supply; strong bookings progress coupled with price management may prolong Uber’s 2025 inventory surge, whereas any slip in effectivity or demand would increase doubts about its post-pandemic revenue trajectory.
- BP (BP): The main target shall be on money movement and strategic portfolio strikes amid an unsure oil value outlook. Buyers are eager for updates on BP’s plan to promote its Castrol lubricants unit, a divestment aimed toward boosting shareholder worth, and can scrutinize how increased refining margins (anticipated to carry quarterly earnings) are balancing out softer upstream earnings.
- Qualcomm (QCOM): Qualcomm’s report will take a look at whether or not rising progress areas can overcome weak point in its core smartphone chip enterprise. Buyers will gauge if demand for Qualcomm’s AI-enabled chips and enlargement into PCs, autos, and IoT can offset continued softness in world handset gross sales, the smartphone market stays Qualcomm’s stronghold however has been sluggish, so any commentary on handset demand or diversification (e.g. wins in premium telephones or PC processors) will seemingly drive the inventory’s response.
- Shopify (SHOP): The e-commerce platform’s valuation rests on balancing speedy progress with enhancing profitability. The important thing metric shall be Shopify’s gross merchandise quantity (GMV) and income progress (guided within the high-20% vary) relative to its expense self-discipline, buyers wish to see continued 20%+ GMV enlargement alongside proof that current price cuts are boosting margins and free money movement, which might validate Shopify’s post-rally valuation.
- McDonald’s (MCD): The fast-food big’s same-store gross sales combine is the essential focus this quarter. Buyers are watching how profitable McDonald’s new worth meal promotions have been in driving buyer site visitors versus their affect on common verify measurement; early analyst insights counsel the September launch of Further Worth Meals seemingly lifted foot site visitors however dented common ticket, so the corporate’s comparable gross sales (anticipated ~+2.5% YoY) and administration’s commentary on pricing will set the post-earnings tone.
- Novo Nordisk (NVO): The Danish pharma heavyweight’s outcomes will hinge on its blockbuster weight problems and diabetes medication. Ozempic and Wegovy now account for roughly 65% of Novo Nordisk’s gross sales, so buyers shall be laser-focused on the quarterly income from these GLP-1 medicines. Any replace on demand vs. provide constraints for Wegovy, and Novo’s potential to maintain excessive progress within the face of recent rivals, shall be pivotal in driving the inventory’s response.
- Moderna (MRNA): Moderna’s narrative is shifting from COVID windfall to pipeline promise. With COVID-19 vaccine income sharply down, the important thing for buyers is any signal of stabilization in booster demand and progress in Moderna’s non-COVID pipeline. Particularly, updates on the uptake of its new fall COVID booster and the standing of upcoming vaccines (like RSV or flu) are essential – the market desires reassurance that Moderna’s subsequent era of merchandise can fill the hole as COVID gross sales fade.
- AstraZeneca (AZN): As a UK-based pharma big reporting this week, AstraZeneca’s core oncology and uncommon illness drug gross sales would be the focus. Buyers are notably tuned to progress tendencies for key most cancers therapies and the corporate’s outlook amid upcoming drug patent expirations. Any updates on its pipeline (particularly in areas like oncology and the burgeoning diabetes/weight problems market) and the way it navigates drug pricing pressures within the US and Europe will seemingly drive AstraZeneca’s shares following earnings.
- Airbnb (ABNB): The house-sharing platform’s quarter will activate the energy of journey demand and reserving tendencies. The metric to look at is nights booked and common every day charges, as Airbnb has been posting round 8 to 10% income progress. Buyers shall be listening to administration’s commentary on reserving momentum into the vacations and any alerts of client journey urge for food or margin stress – this can decide if Airbnb can keep its post-pandemic progress trajectory and excessive profitability into 2026.
- Amgen (AMGN): As a newly inducted Dow element, Amgen’s story is about new medication changing outdated ones. The main target is on whether or not Amgen’s lineup of newer therapies and its Horizon Pharma acquisition are producing sufficient progress to offset patent fades and biosimilar competitors on growing older blockbusters. Buyers will parse Amgen’s earnings and steerage for proof that its progressive medication (and value cuts) are driving income positive aspects, a key issue behind Amgen’s market-beating efficiency this 12 months, as this can decide if the inventory’s outperformance can proceed.
Market Pulse: Vol, Skew, and a GLD Hangover
Regardless of political noise, the S&P 500 traded sideways via the heaviest stretch of earnings. Volatility cooled as earnings rolled on, with the VIX slipping beneath mid-October highs. Large Tech earnings have been combined: Meta and Microsoft slipped, whereas Google held up. A big gold name place that had pushed months of upside was reduce, signaling that the steel’s 2025 rally might have peaked.
Volatility stays inverted, with near-term possibility costs increased than long-term ones; a setup that often normalizes as earnings move.
Investor Takeaway: With short-term volatility easing, broader fairness participation may resume, suppose mid-caps and worth shares. As gold cools, funds might rotate into equities or bonds. Buyers in search of diversification would possibly rebalance out of valuable metals and into dividend ETFs or high quality cyclical names.
Palantir: Robust Rally, Excessive Expectations Forward of Q3 Earnings
Palantir Applied sciences is about to report its Q3 earnings after the shut on Monday. The corporate, which focuses on knowledge analytics and software program platforms, now ranks among the many 20 most respected companies within the S&P 500. The inventory has surged greater than 160% this 12 months.
The market is at the moment in a brand new upward impulse, with the long-term uptrend confirmed by a contemporary file excessive final week. Within the short-term the inventory seems barely overbought, because the RSI sits above 70. With a ahead P/E above 260, the elemental valuation may be very excessive, rising the danger of a correction. Even minor disappointments may set off vital volatility.
Analysts anticipate Palantir’s income to have risen 50.5% year-over-year to $1.09 billion within the third quarter, whereas earnings per share are projected to have grown by 67.4% over the identical interval. Ought to the inventory come underneath stress within the coming days or perhaps weeks, there are two key assist zones (Honest Worth Gaps) to look at:
- $171.26 to $172.84 – a zone examined 3 times already, with consumers defending it every time.
- $160.87 to $161.06 – a deeper assist space that might come into focus if a correction unfolds.
Palantir, weekly chart. Supply: eToro
Novo Nordisk: Can Q3 Outcomes Stop Additional Losses?
Novo Nordisk will report its third-quarter outcomes on Wednesday earlier than the European market opens. The inventory has been in a downtrend for over a 12 months and has misplaced round 70% of its worth for the reason that file excessive in July 2024.
In July and August, the share value reacted to a long-term assist zone (Honest Worth Hole) between 290 and 310 DKK, which dates again to the 2021 rally. Nevertheless, this response alone wasn’t sufficient to set off a sustained development reversal. Though there was a short-term rebound, solely a break above resistance at 463 DKK would considerably enhance the technical image.
The upcoming earnings report will seemingly be decisive, exhibiting whether or not Novo Nordisk will proceed its downward trajectory or if the long-term assist space provides an opportunity for a backside formation.
Analysts anticipate income within the third quarter to have risen 7.9% year-on-year to 76.9 billion DKK, whereas earnings per share are projected to fall 19.1% to 4.95 DKK.
Novo Nordisk, weekly chart. Supply: eToro
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