Apple announced on Tue Oct 27, 2026 a new 14-inch MacBook Pro with M6 (12-core CPU/GPU, Wi-Fi 7, up to 24 hours battery life), starting at $1,999 with 16GB memory and 1TB storage standard, and an M6 iMac (24-inch 4.5K Retina display, up to 12-core CPU/GPU, Wi-Fi 7), starting at $1,499 for the 10-core model and $1,699 for the 12-core model, both with 16GB memory and 256GB storage. Pre-orders open Wed Oct 28 at 10:10 a.m. PT (1:10 p.m. ET), with availability starting Fri Nov 6.
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The Wall Street Journal reported Tuesday evening that the United States has quietly warned several Gulf Arab states to prepare for a possible short, intense military campaign against Iran after the November 3 midterm elections. President Trump has not made a final decision but is leaning toward a large post-election attack that could target Iranian infrastructure and nuclear sites, according to people familiar with his thinking; Trump has said he will not attack before the midterms. Military preparations are under way: the U.S. is moving a Patriot missile-defense system from Texas to the region, moving troops off vulnerable bases, restocking munitions, and preparing bomber and fighter aircraft, with an additional carrier strike group and Marine expeditionary unit poised to join roughly 20 warships already in the Middle East next month. Israel has also prepared plans and targets. The White House declined to comment on sensitive military plans, saying all options remain on the table to stop Iran obtaining a nuclear weapon.
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Enphase reported Q3 revenue of $293.3 million, only slightly above the prior quarter and well short of analyst estimates near $305 million, landing near the low end of its own $290-320 million guidance. Adjusted EPS was $0.41, missing a roughly $0.50 consensus, and GAAP diluted EPS was $0.17. Global sell-through rose only about 1% sequentially, far below the company's roughly 10% expectation. Q4 revenue guidance of $225-255 million came in well below the $297.6 million consensus and assumes sell-through declines 10% from Q3. CEO Badri Kothandaraman said U.S. sell-through rose a modest 5% sequentially but fell 35% year over year, in line with broader residential solar permit declines, blaming elevated interest rates and the expiration of the 30% tax credit; European revenue fell about 11% sequentially, particularly in France. Shares tumbled about 14-16% in after-hours trading.
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NXP reported Q3 net income attributable to shareholders of $884 million, up from $631 million a year earlier, or $3.48 a share versus $2.48. Adjusted EPS was $4.20, ahead of the $4.12 FactSet consensus, and revenue rose 19% to $3.79 billion, ahead of the $3.76 billion expected, boosted by 13% automotive revenue growth and 39% industrial growth. But Q4 guidance disappointed at the margin: revenue of $3.75-3.95 billion (midpoint $3.85 billion versus $3.86 billion consensus) and adjusted operating income of $1.374-1.442 billion versus a $1.44 billion FactSet consensus, with non-GAAP EPS guided to $4.14-4.58. The board also authorized a new $5 billion buyback, on top of $1.3 billion remaining under the prior authorization. Shares fell 7.3% after hours to $235, per the Dow Jones/Morningstar wire.
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Robinhood reported Q3 EPS of $0.51, missing analysts' expectations, on revenue of $1.42 billion, up 12% year over year to a record, while net income fell 14% to $476 million. Crypto revenue fell 55% from a year earlier, when crypto markets were near bull-market highs, even as total crypto revenue rose 20% sequentially to $120 million and crypto transaction revenue was $94 million. Options revenue rose 31% to $399 million and equities revenue rose 41% to $121 million, while net interest revenue fell 9% to $415 million. Prediction-market event contracts generated $173 million, up 11% sequentially and more than 6x a year earlier, and Robinhood Chain brought in $26 million in its first quarter on mainnet, processing over $80 billion in DEX volume. Robinhood lowered the top end of its 2026 adjusted operating-expense forecast by $25 million, to $2.675-2.75 billion. Average revenue per user was $200 versus a $201.09 consensus. Shares fell 7.2% after hours to $87.74 in the Dow Jones/Morningstar wire at 19:37 ET, with other snapshots showing a roughly 5.5% decline.
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Visa reported fiscal Q4 (ended September 30) net revenue of $12.14 billion, up 13% and just ahead of the $12.09 billion Wall Street expected, with adjusted EPS of $3.48, up 17% and ahead of the $3.44 consensus (FactSet). GAAP profit was $6.0 billion, or $3.19 a share, versus $5.09 billion, or $2.62, a year earlier. Payments volume grew 9%, cross-border volume rose 14% and processed transactions rose 10% to 74.2 billion. For the full fiscal year, net revenue was $45.9 billion, up 15%, and adjusted EPS was $13.27, up 16%, both ahead of estimates. The board raised the quarterly dividend 16% to $0.78 a share ($3.12 annualized). Shares fell 1.1-1.8% in after-hours trading after closing down 0.6% at $401.86, as fiscal 2027 guidance pointed to EPS growth in the low double digits to low teens, slower than fiscal 2026's 16%, and Q4 payments-volume growth ticked slightly lower than the prior quarter.
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Seagate Technology reported record fiscal first-quarter results after Tuesday's close, but shares fell 5.7% to $630 in after-hours trading after rising 3.7% in the regular session. Adjusted earnings were $7.68 per share, up from $2.61 a year ago and above Wall Street's $7.45 consensus, while revenue rose 61% year over year to $4.23 billion, beating the $4.15 billion consensus. Guidance also topped estimates: Seagate expects second-quarter adjusted earnings of $9.20 per share (plus or minus 20 cents) on revenue of about $4.8 billion, versus consensus of $8.66 per share and $4.5 billion. Capital spending of $211 million was within the company's 4-6% of revenue target range but above the $202 million analysts expected.
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Seagate Technology (STX); memory and storage peers Western Digital (WDC), Micron (MU), Sandisk (SNDK); broader AI hardware/semiconductor names via the storage-demand read-through
Meta Platforms' $25 billion common-stock sale — the first tranche of its upsized $97.5 billion equity raise — ended about five times oversubscribed, according to Bloomberg-cited coverage, a strong demand signal for the largest equity raise of its kind. AMD confirmed a $1 billion pledge to the offering, joining Nvidia's previously announced $3 billion commitment; the two pledges answer the open question from earlier coverage about whether AMD and Broadcom would confirm participation and at what size. The sale's reception helped spark Tuesday's chip-led rally: the Nasdaq Composite rose 1.18% and the S&P 500 gained 0.60%, with AMD up 5.1%, Nvidia up about 1%, and Broadcom and Micron also advancing, even as Meta itself slipped about 1.5%.
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Meta Platforms (META): direct — the ~5x oversubscription validates demand for its record raise, but shares still slipped ~1.5% Tuesday and closed below their 100- and 200-day averages as dilution and AI-spending worries linger.
Nvidia (NVDA): its $3B commitment to the offering was part of the demand story; shares rose ~1% Tuesday as the chip complex rallied.
AMD (AMD): newly confirmed $1B pledge to Meta's offering; shares gained ~5.1% Tuesday, among the session's stronger chip moves.
Broadcom (AVGO) and Micron (MU): suppliers that advanced with the chip rally as Meta's sale success renewed AI-infrastructure enthusiasm; Broadcom had also signaled interest in the offering.
AI infrastructure / semiconductor complex (SOXX, CoreWeave, Astera Labs, Nebius): broad beneficiary — the sale's reception helped power a second straight day of chip-led gains, with the Nasdaq up ~1.2%.
At its Intuit Connect event in Las Vegas on October 27, 2026, Intuit expanded its AI platform with new tools for accountants and sector-specific features for construction, manufacturing and nonprofit businesses, according to Investing.com coverage. Separately, QuickBooks Online users gained free access to the Avalara Sales Tax Readiness Report, a compliance tool launched the same day and reported by PR Newswire. The announcements landed on a down day for the stock: INTU traded at $326.80, down 3.87%, remaining below its 20-, 50- and 200-day moving averages.
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Boeing shares plunged about 9-10% on Tuesday, October 27, to roughly $171, after the company's third-quarter earnings call torpedoed expectations for a quick production recovery. Boeing reported a Q3 core loss of $0.34 per share on $24.1-24.2 billion in revenue, versus a roughly $0.21-0.25 per-share loss expected; revenue rose 4% year over year. The stock initially rose after the release, then slid once the 10:30 a.m. ET call began, falling 9.6% through 12:05 p.m. ET and more than 10% in midday trading. On the call, management said Boeing is unlikely to deliver 500 MAX jets in 2026 as expected, and does not expect to raise the monthly MAX production rate to 52 a month until late 2027 — far later than the late-2026/early-2027 timeline investors had hoped for. CEO Kelly Ortberg said the step up to 47 jets a month 'didn't go as smoothly' as the previous increase, citing wing-production challenges and engine supply issues.
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Taiwan Semiconductor Manufacturing Co. (TSMC) is preparing to raise prices for its CoWoS (Chip on Wafer on Substrate) advanced packaging services by 10% to 20%, according to Taiwan's Commercial Times (also cited as China Times), which cited supply-chain sources. CoWoS packages AI processors together with high-bandwidth memory (HBM) into a single unit, and it is the packaging technology used in most advanced AI accelerators. The report says foundries and outsourced assembly-and-test providers are preparing the increases as demand for advanced packaging expands beyond GPUs to server CPUs and custom AI chips (ASICs), while longer AI chip testing times and equipment lead times stretching from 3-6 months to 6-8 months tighten capacity further.
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TSMC (TSM) — pricing power and margin upside on its scarcest capacity
Nvidia (NVDA) and AMD — higher packaging costs on AI accelerators, though both have pricing power of their own
Apple (AAPL) — potential further pressure on iPhone/Mac costs already hit by rising memory prices
Broadcom, Qualcomm, MediaTek — other major TSMC advanced-packaging customers; semiconductor equipment suppliers — lengthening tool lead times signal a strong order book; memory makers (SK Hynix, Micron) — CoWoS demand is tightly linked to HBM integration.
Day-before preview for Wed Oct 28: FOMC decision at 2:00 PM ET with Warsh press conference at 2:30 PM ET, followed by Microsoft and Alphabet earnings after the close. Consensus bar is a hold at 3.75%-4.00% (~90% market pricing, 50 hold vs 1 hike in an Oct 27 research tally; Reuters poll 94/100 hold, all 100 expect a December hike). MSFT EPS ~$4.71, revenue ~$90.6B (guided $89.85-90.95B), Azure ~45% constant-currency guided; GOOGL EPS $2.94-3.03.
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The Conference Board's Consumer Confidence Index rose 7.5 points to 91.7 in October, up from an upwardly revised 84.2 in September and far above economists' forecast of about 80-81. The Present Situation Index jumped 8.6 points to 120.4 and the Expectations Index recovered 6.9 points to 72.6, only partly reversing three straight monthly declines. The survey, conducted October 1-21, showed improved appraisals of current and expected business conditions, alongside better income prospects (18.7% expected income gains, up from 18.1%; 12.0% expected declines, down from 14.9%).
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Broad U.S. equities (S&P 500, Nasdaq) — a stronger consumer read supports the demand outlook; consumer discretionary and retail names including TJX, Amazon and other watchlist-adjacent retailers — confidence is a leading read on spending; homebuilders and housing-related stocks — confidence and present-situation appraisals feed housing demand; rate-sensitive growth stocks — a firmer consumer complicates the Fed's calculus ahead of Wednesday's decision
UPS reported third-quarter EPS of $1.69 on sales of $22.9 billion, beating Wall Street expectations of $1.62 on $22.3 billion (a year ago: $1.74 on $21.4 billion). CEO Carol Tome cited premium growth and greater network efficiency, and the company raised full-year guidance: 2026 revenue to $92.6 billion (from $91.2 billion) and operating profit to $8.75 billion (from $8.65 billion). Full-year adjusted EPS guidance rose to $7.28 from $7.22, ahead of the $7.19 FactSet consensus. Implied Q4 guidance ($25.7B revenue, $3.3B operating profit) also tops consensus ($25.2B, $3.2B). Shares rose about 1.6-2% premarket.
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UPS (UPS): shares up about 1.6-2% premarket; transports and logistics peers; retailers and e-commerce shippers heading into peak season; broader read-through to U.S. consumer and business shipping demand
Iranian news agencies reported that Supreme Leader Mojtaba Khamenei, meeting with Supreme National Security Council secretary Maj. Gen. Mohsen Rezaei, called for bringing 'the current state of neither war nor peace to an end' by implementing conditions proposed by Iranian officials. One reported clause is safeguarding national and regional security by maintaining Iranian control over the Strait of Hormuz, and IRNA's reporting did not mention the nuclear program. The headlines moved markets Tuesday morning: S&P 500 futures rose about 0.3-0.4% to session highs, Nasdaq futures gained about 0.6-0.7%, oil fell about 1% (WTI near $101, Brent near $110), and the 10-year Treasury yield eased. The move more than offset an overnight Houthi missile attack on Saudi Arabia's Ras Tanura refinery, which had initially pushed oil higher.
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BofA lowered its price target on TJX to $170 from $175 and kept a Buy rating. The firm cut off-price retailer estimates to reflect higher freight costs pressuring FY27 margins as contracts renew, reducing FY27 estimates for TJX by 3% (Ross by 3%, Burlington by 6%) to reflect about 60 basis points of incremental gross margin pressure. The action was published Tuesday morning, Oct 27.
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TJX (TJX): target cut reflects FY27 margin pressure from freight-contract renewals; read-through to off-price peers Ross (ROST) and Burlington (BURL), whose estimates were cut 3% and 6%
PayPal reported third-quarter 2026 results on Tuesday morning, October 27. Adjusted earnings of $1.45 per share rose from $1.34 a year ago and beat the roughly $1.31 consensus by about 11%, but net revenue grew only 2% to $8.58 billion, missing consensus of about $8.72-8.89 billion. Total payment volume rose 7% on a currency-neutral basis to $487.14 billion, slightly below expectations. The company raised full-year adjusted EPS guidance to $5.60, up from $5.38 previously and above the Street's $5.39. CEO Enrique Lores said the company is 'increasingly confident in our path to durable, profitable growth.' Shares nevertheless fell about 1.4% to $54.22 in premarket trading.
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PayPal (PYPL): adjusted EPS $1.45 beat estimates, but revenue and payment volume missed, and shares fell ~1.3-1.4% premarket
Visa (V) and Mastercard (MA): fellow payment networks also lower in premarket trading Tuesday, though both report later in the week (Visa after Tuesday's close, Mastercard Thursday)
Block (SQ) and Global Payments (GPN): payment peers down ~0.9% and ~2.3% premarket respectively, in sympathy
Nvidia said late Monday / early Tuesday it will invest $3 billion in Meta Platforms' equity offering, as the two companies deepen their partnership on Meta's Muse AI assistant and related AI models. Meta will expand deployment of Nvidia infrastructure — including Vera Rubin and Vera CPUs and Nvidia networking — for next-generation AI agents, and the companies are considering further collaboration on agent-behavior monitoring (Nvidia's OpenShell/Sentry tools). Separately on Tuesday, Meta increased its largest-ever equity fundraising to $97.5 billion, upsizing the common-stock tranche announced Monday from $22.5 billion to $25 billion at $625 per share, alongside 250 million depositary shares at $50 each. Meta has launched about $35 billion in public offerings and plans a further up-to-$60 billion at-the-market program after its new non-voting Class C shares begin trading, expected in Q1 2027. Reuters reports the raise has drawn interest of up to $5 billion in total from Nvidia, AMD and Broadcom for Class A shares. Meta shares fell about 1.4% in morning trading Tuesday; Nvidia was roughly flat to modestly higher in premarket trading.
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Meta Platforms (META): directly affected — upsized $97.5B raise means dilution, but also a funded AI buildout and a deeper Nvidia partnership; shares slipped ~1.4% Tuesday morning. Nvidia (NVDA): $3B investment plus expanded Muse deployment locks in a marquee customer and defends against Broadcom custom-chip encroachment; shares roughly flat to modestly higher premarket. Broadcom (AVGO) and AMD (AMD): also indicated interest in Meta's offering (up to $5B combined with Nvidia)
Broadcom rose ~1.2% premarket, but the Nvidia deal underscores competition for Meta's AI wallet. AI infrastructure / semiconductor complex more broadly: reinforces the circular-capital narrative that has driven AI-valuation scrutiny.
SK Hynix reported record third-quarter results overnight, with revenue of 104.62 trillion won (up 327.9% year over year and 31.9% sequentially, the first quarter above 100 trillion won) and operating profit of 83.33 trillion won (up 632.1% year over year), beating the FnGuide consensus of 98.23 trillion won in revenue and 76.96 trillion won in operating profit. The operating margin hit a record 79.7%. CEO Kwak Noh-jung said on the earnings call that HBM is sold out through 2029 under long-term agreements, with 14 major customers covering more than half of planned 2027-2028 production capacity, and the company forecast memory supply shortages lasting through 2030. HBM4 shipments are ramping and are expected to overtake HBM3E in volume and revenue in Q4. The board also approved a shareholder return plan of up to 100 trillion won (roughly $75 billion), the largest in company history. Seoul-listed shares rose about 4% and the ADR gained overnight, though IBD noted the ADR's overnight move was modest after a recent plunge.
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