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 achieved with Malaysia, Cambodia, Vietnam, and Thailand, all carrying provisions designed to curb China’s affect, from banning items made with compelled 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 corporations, and each side agreed to extra agricultural and power commerce. The objective, at the least for now, is to sluggish the financial separation with out derailing international 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 acquire from redirected provide chains. US semiconductor and power exporters additionally stand to profit 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, placing funding pacts throughout nuclear power, shipbuilding, and synthetic intelligence (AI). Japan dedicated to assist finance $80 billion price of US nuclear initiatives, whereas South Korea’s $350 billion funding plan, a long-debated package deal, 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, guaranteeing 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 traders would possibly have a look at international thematic funds centered on AI or next-gen manufacturing.
Key Earnings Experiences: Week of November 3, 2025
Palantir Applied sciences (PLTR): Traders shall be laser-focused on the uptake of Palantir’s new Synthetic Intelligence Platform (AIP) and its function in accelerating the corporate’s development. 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): Traders shall be looking forward to steering and new product momentum, on the lookout for 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 development.
Superior Micro Units (AMD): Wall Avenue is concentrated on momentum in AMD’s increasing AI and cloud segments, anticipating ~27% YoY gross sales development fueled by demand for EPYC server processors and new AI accelerators; a development traders 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. Traders are looking forward to regular ride-hailing revenue margins and bettering unit economics in meals supply; strong bookings development coupled with value management may lengthen 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 focus shall be on money move and strategic portfolio strikes amid an unsure oil worth outlook. Traders are eager for updates on BP’s plan to promote its Castrol lubricants unit, a divestment geared toward boosting shareholder worth, and can scrutinize how larger refining margins (anticipated to raise quarterly income) are balancing out softer upstream earnings.
Qualcomm (QCOM): Qualcomm’s report will take a look at whether or not rising development areas can overcome weak point in its core smartphone chip enterprise. Traders will gauge if demand for Qualcomm’s AI-enabled chips and enlargement into PCs, autos, and IoT can offset continued softness in international 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 doubtless drive the inventory’s response.
Shopify (SHOP): The e-commerce platform’s valuation rests on balancing speedy development with bettering profitability. The important thing metric shall be Shopify’s gross merchandise quantity (GMV) and income development (guided within the high-20% vary) relative to its expense self-discipline, traders need to see continued 20%+ GMV enlargement alongside proof that current value cuts are boosting margins and free money move, which might validate Shopify’s post-rally valuation.
McDonald’s (MCD): The fast-food big’s same-store gross sales combine is the crucial focus this quarter. Traders are watching how profitable McDonald’s new worth meal promotions have been in driving buyer visitors versus their affect on common test measurement; early analyst insights recommend the September launch of Additional Worth Meals doubtless lifted foot 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 medicine. Ozempic and Wegovy now account for roughly 65% of Novo Nordisk’s gross sales, so traders 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 capability to maintain excessive development 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 traders is any signal of stabilization in booster demand and progress in Moderna’s non-COVID pipeline. Specifically, 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. Traders are significantly tuned to development developments 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 doubtless drive AstraZeneca’s shares following earnings.
Airbnb (ABNB): The house-sharing platform’s quarter will activate the power of journey demand and reserving developments. The metric to observe is nights booked and common day by day charges, as Airbnb has been posting round 8 to 10% income development. Traders shall be listening to administration’s commentary on reserving momentum into the vacations and any indicators of client journey urge for food or margin stress – this can decide if Airbnb can keep its post-pandemic development trajectory and excessive profitability into 2026.
Amgen (AMGN): As a newly inducted Dow element, Amgen’s story is about new medicine changing outdated ones. The main focus is on whether or not Amgen’s lineup of newer therapies and its Horizon Pharma acquisition are producing sufficient development to offset patent fades and biosimilar competitors on growing old blockbusters. Traders will parse Amgen’s earnings and steering for proof that its modern medicine (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 by means of the heaviest stretch of earnings. Volatility cooled as earnings rolled on, with the VIX slipping under 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 lower, signaling that the steel’s 2025 rally might have peaked.
Volatility stays inverted, with near-term choice costs larger than long-term ones; a setup that often normalizes as earnings go.
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. Traders on the lookout for 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 beneficial corporations 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 recent document 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 basic valuation may be very excessive, rising the danger of a correction. Even minor disappointments may set off vital volatility.
Analysts count on 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 observe:
$171.26 to $172.84 – a zone examined 3 times already, with patrons defending it every time.
$160.87 to $161.06 – a deeper assist space that would come into focus if a correction unfolds.
Palantir, weekly chart. Supply: eToro
Novo Nordisk: Can Q3 Outcomes Forestall 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 document excessive in July 2024.
In July and August, the share worth reacted to a long-term assist zone (Honest Worth Hole) between 290 and 310 DKK, which dates again to the 2021 rally. Nonetheless, 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 doubtless be decisive, displaying whether or not Novo Nordisk will proceed its downward trajectory or if the long-term assist space affords an opportunity for a backside formation.
Analysts count on 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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