Stock Market Update November 1st (GOOS) (AAPL) (TSLA) (TRI) (YUM)

Here is a summary of the trending companies and their recent developments:

1. Thomson Reuters Corp: Thomson Reuters reported higher sales and higher operating profit in the third quarter. The company’s “Big 3” segments, including Legal Professionals, Corporates, and Tax & Accounting Professionals, performed well. It reported adjusted earnings of 82 cents per share, although total revenue rose by 1% in the quarter to $1.59 billion, which missed expectations.
2. Apple Inc: Apple investors are concerned about the potential impact of Huawei’s resurgence in China on the company’s holiday-quarter expectations.
3. Canada Goose Holdings: Canada Goose cut its annual sales forecast due to challenges in the Chinese market. While China demand had bounced back in previous quarters, the company’s outlook for a sustained recovery remains uncertain.
4. CVS Health Corp: CVS Health beat Wall Street estimates for quarterly profit. The strength in its drugstores and pharmacy benefit management business offset higher-than-expected medical costs at its insurance unit.
5. Royal Bank of Canada: The bank has injected about $2.95 billion into its U.S. unit, City National Bank, to bolster its capital, making it one of the biggest annual infusions of funds since acquiring the Los Angeles-based bank in 2015.
6. Advanced Micro Devices Inc: The chip designer forecasted $2 billion in sales in 2024 from a chip aimed at competing with Nvidia in the artificial intelligence (AI) market. The company reported a quarterly outlook that missed expectations but had some positive outlook for the AI market.
7. Amcor Plc: The packaging company reported a drop in first-quarter revenue and profit, primarily due to softer demand for its containers and cartons. It maintained its annual adjusted profit forecast, expecting to benefit from price hikes and cost-cutting measures.
8. Apollo Global Management Inc: Apollo Global Management reported that its third-quarter adjusted net income jumped nearly 23% year-on-year, driven by strong growth in management fees and earnings from its retirement services business.
9. Assurant Inc: The insurer reported a surge in third-quarter adjusted profit, helped by the strong performance of its global housing unit and higher investment returns.
10. Chesapeake Energy Corp: Chesapeake Energy beat Wall Street estimates for third-quarter profit, mainly due to lower overall costs that helped offset the impact of falling natural gas prices.
11. Equity Residential: The real estate investment trust revised its full-year revenue growth forecast, citing underperformance in rental markets in San Francisco and Seattle but growth in East Coast markets like New York and Boston.
12. Estee Lauder Companies Inc: The company cut its annual profit forecast and said it expects a drop in annual sales, partly due to a slower-than-anticipated recovery in its Asia travel retail business.
13. First Solar Inc: The solar panel maker reported a third-quarter profit, compared to a year-ago loss, attributed to steady demand for renewable energy.
14. Freshworks Inc: The company forecasted annual revenue and profit above expectations due to sustained demand for its relatively inexpensive software products for enterprises.
15. Generac Holdings Inc: The power equipment maker beat third-quarter estimates for profit and sales, driven by growing demand for backup generators, batteries, and solar equipment.
16. GSK plc: The drugmaker raised its full-year profit and sales forecasts for a second time, thanks to better-than-expected quarterly sales of its newly-launched respiratory syncytial virus (RSV) vaccine.
17. Humana Inc: The health insurer beat Wall Street estimates for quarterly profit, aided by a better-than-expected performance of its government-backed insurance plans.
18. Livent Corp: The lithium producer posted a lower-than-expected quarterly profit and cut its annual revenue and earnings forecast, citing expansion delays in Argentina.
19. Lumen Technologies Inc: The telecommunications services firm beat Wall Street estimates for third-quarter revenue, helped by strong demand for its services as businesses digitize their operations.
20. Match Group Inc: The Tinder-owner forecasted fourth-quarter revenue below estimates due to inflation and unrest in some markets weighing on the growth of its major dating platforms.
21. Paycom Software Inc: The payroll processor forecasted fourth-quarter revenue below market estimates, hit by sluggish demand for payroll solutions and human resource management amid an uncertain economy.
22. Telefonica SA: Brazilian telco Telefonica Brasil reported a better-than-expected net profit for the third quarter, boosted by a solid customer base increase and price hikes.
23. Ternium SA: The steelmaker reported a third-quarter adjusted net income of $271 million, up more than 77% from the previous year.
24. Toyota Motor Corp: The automaker more than doubled its second-quarter profit and raised its full-year outlook, largely due to a weaker yen currency and robust global sales.
25. Yum! Brands Inc: Yum Brands topped Wall Street estimates for quarterly sales, as inflation continues to weigh on budgets, prompting more consumers to turn to its brands like Taco Bell and Pizza Hut for cheaper restaurant meals.
26. Amgen Inc & Johnson & Johnson: The U.S. FDA approved Amgen’s biosimilar version of Johnson & Johnson’s psoriasis treatment, Stelara, for multiple inflammatory diseases.
27. Astrazeneca Plc: The pharma company plans to invest $245 million in French biotechnology company Cellectis to accelerate the development of therapeutics in areas including oncology, immunology, and rare diseases.
28. Baidu Inc: The Chinese search engine giant launched a paid version of its ChatGPT-like product, Ernie bot, charging 59.9 yuan per month.
29. Cigna Group & UnitedHealth Group Inc: Pharmacy benefit managers OptumRx and Express Scripts asked a federal appeals court to disqualify a special master in national opioid litigation from working on any cases against them.
30. Shell Plc: Shell Pakistan said its parent company’s unit, Shell Petroleum Company, has signed a deal with Wafi Energy to sell domestic operations.
31. STAAR Surgical Co: Investment firm Anatole Investment Management called on the company to consider spinning off its Asia or China business, arguing that the standalone China business could be worth as much as $5 billion.
32. Tesla Inc: Tesla is aiming to make 200,000 units of its electric pickup truck, Cybertruck, per year. The company emphasized the manufacturing challenges of the Cybertruck.
33. Vertex Pharmaceuticals Inc: A panel of advisers to the U.S. health regulator said Vertex Pharmaceuticals and CRISPR Therapeutics could assess potential safety risks of their sickle cell disease gene therapy after approval.
34. WeWork Companies Inc: The flexible workspace provider plans to file for bankruptcy as it struggles with a massive debt pile and hefty losses.
35. Air Canada: JPMorgan raised the target price for Air Canada after the company reported above-estimate third-quarter profit and reaffirmed its 2024 targets.
36. WSP Global Inc: ATB Capital Markets raised the target price for WSP Global, expecting growth to continue in 2024 and 2025.