🗞 Newsmakers — MID ET, 2026-10-26

📊 MARKET MACRO: S&P 500 $765.60 +0.74% Nasdaq $713.08 +1.23% Dow $522.91 +0.30% Russell 2K $277.93 +0.79% VIX $18.34 -5.71% US Dollar $29.00 +0.16% Oil $168.46 -0.63% Gold $368.31 +0.46% Bitcoin $79,838.40 -0.25% Treasuries: 10Y 5% 30Y 5.33% Today's Fed / econ events: 14:30 [Medium] Dallas Fed Manufacturing Index (Oct) 12:30 [Medium] Chicago Fed National Activity Index (Sep)

🔥 HOT SECTORS TODAY (the sectors to watch): Consumer Cyclical +1.15% Real Estate +1.11% Industrials +1.09% Technology +1.07%

📰 MARKET THEMES & CATALYSTS: • Ase Technology to Report Q3 Earnings: Buy, Sell or Hold the Stock? ASX's AI-driven packaging demand fuels Q3 growth expectations, with rising margins and expanding LEAP services supporting its long-term outlook. — zacks.com · 10/26 12:16p https://www.zacks.com/stock/news/3015028/ase-technology-to-report-q3-earnings-buy-sell-or-hold-the-stock?cid=CS-STOCKNEWSAPI-FT-analyst_blog|most_popular_stocks-3015028 • This strategist says it's a matter of when, not if, the AI bubble pops. Here's how to prepare for that. TS Lombard says the AI investment theme is a bubble destined to pop. What investors shouldn't try to do is time when that will happen. — marketwatch.com · 10/26 12:05p https://www.marketwatch.com/story/this-strategist-says-its-a-matter-of-when-not-if-the-ai-bubble-pops-heres-how-to-prepare-for-that-86ffbf30 • Q3 Peak Earnings Season Arrives: Strong Beats, Sky High AI Scrutiny This marks the first peak week of Q3 earnings season, with 1,885 companies out of our universe of 11,000 global equities anticipated to release results. The season is off to a spotty start with some mixed results from banks, and META's AI Capex surprise last week. — seeitmarket.com · 10/26 12:00p https://www.seeitmarket.com/q3-peak-earnings-season-arrives-strong-beats-sky-high-ai-scrutiny/ • Investors are doing just as well this year by shunning AI. How to invest if the tech trade keeps fizzling An S&P 500 ex-AI index briefly pulled past the S&P 500 and is now tied with a roughly 12% return. It overtook the benchmark after trailing for most of 2026. — cnbc.com · 10/26 11:39a https://www.cnbc.com/2026/10/26/sp-500-ex-ai-index-tech-selloff.html • Warren Buffett's Favorite Stock Market Indicator Is Flashing Red. Here's What History Warns Is Coming Next. The Buffett indicator compares the valuation of U.S. stocks to the country's economic output. Buffett warns that when this ratio approaches 200%, the stock market is overvalued. — fool.com · 10/26 11:00a https://www.fool.com/investing/2026/10/26/warren-buffetts-favorite-stock-market-indicator-is/

🐘 BIG-CAP MOVERS ON NEWS (≥$10B — the MRVL-class catalysts):

1. SOXL +9% $91.24 (22B cap) (no fresh news today — likely technical / low-coverage move)

2. NOK +7% $8.67 (47B cap) Nokia Climbs 3% on Five-Year India R&D Deal; Ericsson Edges Higher A new India engineering partnership is pushing the AI infrastructure strategy at Nokia (NYSE:NOK | NOK Price Prediction) deeper into its technology base, and the network equipment maker is drawing buyers as a result. — 247wallst.com · 10/26 10:03a https://247wallst.com/investing/2026/10/26/nokia-climbs-3-on-five-year-india-rd-deal-ericsson-edges-higher/

3. IREN +5% $26.12 (11B cap) Elon Musk's Warning of ‘Guppy-Level Death' Sends Neocloud Stocks Tumbling Shares of neoclouds that offer AI infrastructure for rent are falling after a post by Elon Musk added fuel to worries about their financial health. — investopedia.com · 10/26 9:44a https://www.investopedia.com/market-update-neocloud-stocks-slide-after-elon-musk-warns-of-guppy-level-death-spcx-tsla-nvda-crwv-iren-apld-12194203

4. INTC +5% $91.11 (482B cap) Intel Q3 Preview: Server CPU Shortage Sets Up A Pricing Tailwind, Strong Buy Intel Corporation is in the early stages of a multi-year turnaround driven by surging CPU server demand for AI inference workloads. INTC's financial outlook is robust, with forecasted FY26 revenue of $63.66B with multiple partnerships that will deliver long-term growth over the… — seekingalpha.com · 10/26 12:18p https://seekingalpha.com/article/4957531-intel-q3-preview-server-cpu-shortage-sets-up-a-pricing-tailwind-strong-buy

5. CRWV +5% $56.70 (31B cap) CoreWeave Stock Moves Higher: What's Going On? CoreWeave Inc. (NASDAQ:CRWV) shares are moving higher Monday after touching a new 52-week low this morning, with buyers apparently returning after a rough stretch. — benzinga.com · 10/26 11:16a https://www.benzinga.com/trading-ideas/movers/26/10/62593765/coreweave-stock-moves-higher-whats-going-on

6. NVDA +2% $215.67 (5198B cap) Big Tech Earnings Roll On With More Mag 7 Results Coming It's another big week of earnings, with dozens of big companies reporting—and more Big Tech results on the way. — investopedia.com · 10/26 12:12p https://www.investopedia.com/market-update-big-tech-earnings-roll-on-more-mag-7-results-amzn-msft-googl-goog-12194610

📈 TOP 8 GAINERS (small/mid-cap % leaders, with catalyst):

1. SGRY +47% $23.09 (3.0B cap) SGRY Stock Alert: Halper Sadeh LLC is Investigating Whether Surgery Partners, Inc. is Obtaining a Fair Price for its Shareholders Halper Sadeh LLC, an investor rights law firm, is investigating the sale of Surgery Partners, Inc. (NASDAQ: SGRY) to HealthSpan Partners for $23.50 in cash per — gurufocus.com · 10/26 11:00a https://www.gurufocus.com/news/9142565/sgry-stock-alert-halper-sadeh-llc-is-investigating-whether-surgery-partners-inc-is-obtaining-a-fair-price-for-its-shareholders

2. EAF +32% $11.21 (292M cap) GrafTech: 2 Key Takeaways for Long-Term Investors Fourth-quarter realized prices are expected to rise by mid-single digits. Closing the Monterrey plant will yield up to $25 million annually. — fool.com · 10/25 2:15p https://www.fool.com/earnings/takeaways/2026/10/25/graftech-2-key-takeaways-for-long-term-investors/

3. RFAI +25% $32.81 (274M cap) (no fresh news today — likely technical / low-coverage move)

4. XNCR +20% $30.17 (2.2B cap) Xencor Presents Phase 1 Dose Selection Data for XmAb819, a Potential First-in-Class ENPP3 x CD3 Bispecific T-Cell Engager, in Development for Patients With Advanced Clear Cell Renal Cell Carcinoma and Xencor, Inc. (NASDAQ: XNCR), a clinical-stage biopharmaceutical company developing engineered antibodies for the treatment of cancer and autoimmune diseases, tod — gurufocus.com · 10/25 5:00a https://www.gurufocus.com/news/9141394/xencor-presents-phase-1-dose-selection-data-for-xmab819-a-potential-firstinclass-enpp3-x-cd3-bispecific-tcell-engager-in-development-for-patients-with-advanced-clear-cell-renal-cell-carcinoma-and

5. NN +19% $12.02 (1.6B cap) (no fresh news today — likely technical / low-coverage move)

6. ORKA +16% $93.18 (6.2B cap) Oruka Therapeutics Announces Positive Week 16 Results for ORKA-001 from the Ongoing EVERLAST-B Trial in Moderate-to-Severe Psoriasis 61% PASI 100 and 86% PASI 90 in the ORKA-001 high-dose (600 mg) group, highly similar to EVERLAST-A Continued favorable safety and tolerability profile consistent with the IL-23p19 class ORKA-001 on track to advance into Phase 3 trials in 1H 2027 52-week EVERLAST-A results on tr… — globenewswire.com · 10/26 7:00a https://www.globenewswire.com/news-release/2026/10/26/3387972/0/en/oruka-therapeutics-announces-positive-week-16-results-for-orka-001-from-the-ongoing-everlast-b-trial-in-moderate-to-severe-psoriasis.html

7. RRC +16% $52.71 (12B cap) Range Resources to Join EQT in $50B Appalachian Gas Deal EQT Corp. announced an agreement to acquire Range Resources NYSE: RRC in an all-stock transaction that the companies said would create a larger, vertically integrated Appalachian natural gas platform focused on serving anticipated growth in domestic power generation, pipeline ta… — marketbeat.com · 10/26 12:03p https://www.marketbeat.com/instant-alerts/event-range-resources-to-join-eqt-in-50b-appalachian-gas-deal-2026-10-26/

8. TSLL +12% $10.95 (5.1B cap) (no fresh news today — likely technical / low-coverage move)

— auto-generated, alert-only (not investment advice). 'No fresh news' = likely a technical/low-float move, not a catalyst.