LIVE NOW: APPLE & PALANTIR REPORTING EARNINGS 2026
In a Nutshell
Markets are experiencing a sharp correction with speculative tech stocks like Coreweave, Oracle, and Intel down 9-10% as investors brace for tomorrow's midterm elections. Apple and Palantir both beat earnings expectations, yet Apple saw immediate selling pressure despite the positive results, while Palantir rose 1.9%. The core advice is to maintain cash reserves for potential further declines, avoid leverage, and buy high-quality stocks only when prices drop to acceptable levels rather than all-time highs.
These notes were generated by AI and may contain inaccuracies.
Today is the day when Apple and Palantir announce their earnings immediately after the closing bell. Apple has the largest market capitalization of any public company at the moment. The markets in general are having a very difficult day. Apple is not so much affected. Palantir is down slightly more by 2.5%. Compared to some other technology stocks, this is a slight decrease.
Palantir is not considered very cheap. It is a strong performing stock. Technically speaking, it was in the overbought zone. It has always been in an area of technical and fundamental overbuying. Wall Street loves Palantir and it is extremely bullish. It is not a preferred stock for short selling and it is not something that is interesting to short sell at the moment.
Apple is considered a great long-term investment. It is not very cheap at the current levels as it is at very high levels. The goal is to add more whenever the opportunity arises. Of all the Big Seven companies, Apple is the least exposed to overselling.
Micron is down 5.5% during the day, but many of these stocks started out green or doing well before ending up giving up all their gains. MSTR stock lost 5.5% from its highs today. Micron had a strong and continuous downward pattern with a decline of approximately 7% during the day from the time the market opens. Google gave away what it had gained. It was high by about 1 to nearly 2% and the outcome was relatively stable.
The situation is really about more speculation. Coreweave falls by an additional 10% and hit its lowest level in 52 weeks. Coreweave is being completely destroyed. Oracle is down 9% during the day. Intel is down by 9%, and this is after a loss of about 30% that started on Thursday night, extended into Friday, and is still going on now. Speculative trading still appears to be very weak.
Tomorrow is the date for the midterm elections. There is a possibility of further fluctuations that may occur. Positions should be assessed based on the possibility that you might be wrong. There should be no fear to buy when prices are low and invest in high-quality companies as you see fit.
For beginners, do not use leverage and make sure that the amount of dollars you choose to buy with is an amount you can afford to lose if things get worse before they get better. If you can't tolerate fluctuations, it's probably not a good idea to buy more right now.
Marvel is one of those big players that are being completely destroyed. It has lower peaks and lower troughs based on recent patterns. There have been strong sell-offs. It is now returning to test its previous support range at its lowest point at 160. If this support is broken, it will be extremely disappointing for long-term investors. No one had ever complained before when the stock rose from $85 to $329 in a very short period of time.
Corrections must always happen. It is always the most overvalued stocks that are corrected most severely in moments like these. In previous updates, it was mentioned that some of these stocks had exceeded their true value and it was explained the reason in terms of basic principles. It was also said it was only a matter of time before it corrected its course, and once that happened, it would lose all the profits it had made over the past few months.
The unfortunate part for many investors is that they use leverage at overbought levels, and when they start selling, they lose everything they gained. There is nothing wrong with investing at a good price. There is no need to sell any of your positions, just as there is no need to buy at record highs. When you are in a good position and know you got it for a good deal, you let the market do the rest, and when deals like these come along, you can rethink the idea that you are a deal hunter.
There is a lot of fear in the market, which is understandable. It's time for the markets to correct themselves. There are deals now and prices could become cheaper. This time the LPP team was made aware of the size of their centers and their exposure to risks, and reminded them that the situation may get worse before it gets better, so that they do not put all their eggs in one basket.
The QQQ index has now turned from green during the day, where it was up slightly more than 1%, to now close down 1.4%. The markets are officially closed. The markets here now close at 2 pm due to daylight saving time. Arizona does not observe daylight saving time, but obviously the West Coast and East Coast do.
Holding a financial position as a trading deal while a company is announcing its earnings is a very volatile time to open a position. For traders, not investors, it is never advisable to hold a financial position immediately before a major earnings report.
Profits were made from PLTR shares. No matter what happens, it is important to remind yourself that profits were made while most of the market lost their money.
Apple might announce its results 30 minutes after the markets close. There are no major movements during the extended trading hours so far.
Small-cap speculative stocks are invested in for children, not in personal investment accounts. The buy-and-hold strategy is followed for children, including Corwave and SPCCX. These are considered speculative investments. A few thousand dollars were bought in those companies, but that's a small fraction of what they own in other centers. There is no desire to overexpose them to those kinds of high-risk deals, but they do buy a few shares.
Palantir is currently down about 1%, but it appears to be trying to find a support level. There has been no crazy reaction so far.
The three biggest mistakes are: do not wait for confirmation and enter with all the capital at the beginning, failure to properly manage central volume, and failure to manage risks. If beginners focused more on defense than offense in terms of profits, they would be more accurate and cautious traders in their early days.
There is no belief in prediction markets. That was never the style. But this is the reality and this is the direction the market or the masses are currently heading. The PLTR arrow is red, not bad. The Nasdaq market is not moving and is still in slightly green territory, unaffected by PLTR.
Palantir will not be traded personally. It doesn't matter if it collapses or if it rises insanely. Apple won't announce its earnings for another 24 minutes.
November 2, 2026. Palantir has just announced its earnings. Earnings per share showed a slight overshoot which is good. 7.3% for revenues and 6.5%. It's not a huge overshoot, especially with the premium it's currently trading at at 144 times its earnings, but it's still an overshoot. Palantir is a very volatile stock.
The team was informed about this this morning. Wife Rachel had to travel to another state because her close friend was giving birth. It's her first child and she wanted Rachel to be by her side. It was a last-minute emergency. Both children are sick and are being taken care of while doing the broadcast.
Palantir is currently up half a percent after exceeding profit expectations. Apple has not yet announced its earnings and there are about 20 minutes to wait. There is some relief in the market at 2.8%. These markets are extremely volatile at the moment.
Tomorrow are the midterm elections. If Trump doesn't win, he will say if I don't get what I want, no one else will. We do not expose ourselves to significant risks ahead of major economic events. We know that things can get worse before they get better.
Moderna is one of those that was greatly overvalued, but technically it was one of the best. It was the number one performing stock for a while before it crashed in 2026. OKLO was also an excellent performing stock in the past for 2024 and 2025. Moderna goes through cycles where she performs very well, but always ends in collapse. It is not something that would be short sold because it's incredibly risky. When you see that the fundamentals don't matter and that the technical analysis still shows an upward trend, that's not something that would be wanted to sell short.
Moderna has a price-to-earnings ratio of -28 times its earnings. It's a company that's losing $3 billion. However, it had all this wonderful news that followed because of this new property that she was supposedly a part of, and then suddenly it's supposedly not true. This then leads to sharp corrections.
It is very tempting to be part of these great-performing stocks or to want to be part of them, but sometimes you have to accept that it is too late when you miss the upward wave, as the potential for profit is no longer greater than the potential for risk, and the risk is now much greater. These are major warning signs.
There is no confirmation of the QQQ reversal yet. Currently, QQQ is trading below the 700 level. That was a crucial support range. Once it broke down, it now appears to be heading towards previous support at approximately the 660 to 650 level. Markets are always more likely to rise than fall. There is just some fear in the market right now.
Google is still growing as a company. They are simply over-investing in artificial intelligence. It's definitely a risk, but it's a risk that is willing to be taken. More Google shares were bought for personal and children's accounts, but with the understanding that it might get worse before it gets better. Google, Amazon, and Meta are all centers that have been added a little to, but there is definitely more cash ready to invest once there is more confirmation that the markets have begun to recover and that fear has begun to subside.
There was just received a tweet today saying that Trump is not planning to attack Iran after the midterm elections. This is complete nonsense. There is no doubt in the belief that Trump is prepared to wipe out Iran completely. He was holding back for the sake of the midterm elections. If he ends up not winning the midterm elections with the Republican Party, it is believed he will unleash perhaps the worst we have seen since the beginning.
It gets worse when people are so attached to an idea of a person or company while they are clearly aware that there is a gap between their words and their actions. It is important to respect these people and what they believe they are campaigning for, but if you see that there is no implementation of what they say, then it is our duty as individuals to make adjustments, such as saying this person is a liar.
Palantir's stock rose by 1.9%. The QQQ index continues to maintain slight gains. We are all waiting for Apple to announce its earnings.
It would be good to see Apple support the rest of the market and achieve strong numbers, but there is no desire to buy more Apple stock for the long-term portfolio. Apple hasn't actually fallen much. The stock is still close to its all-time highs. It is $12 away from its previous highs. It takes a lot of selling before considering adding more. At the moment, there is no desire to add more. Apple is still an investor position. It is simply an admission that the deal is not good enough at the moment. The stock is currently trading at a relatively high price-to-earnings ratio.
What is liked about Apple and the way they operate is that they don't invest heavily in artificial intelligence. They don't need that. They leave all the work to the big cloud computing companies and are in a very comfortable position. Now, could this situation backfire on them in the future? Maybe.
Some of these public companies are in much better cash positions than others. Imagine that some of these companies are investing so heavily in artificial intelligence that they are over-borrowing. They find themselves in a difficult predicament where they need to be rescued, and then Apple simply buys them. Companies like Apple that have a lot of cash would be in a very favorable situation.
SanDisk has made huge profits, but the stock continues to decline. Memory chips are approaching the previous low levels that have been retesting before. This is about level one thousand. It's a scary price level to be at because if it breaks, there is a long way to go down. There are concerns because it trades at very low price-to-earnings ratios, and its forward price-to-earnings ratios are among the lowest seen in the technology sector. But there are concerns about competition. They are performing very well now because there is a shortage and they are able to overcharge for their memory chips. Perhaps this will not be the case in the future. Herein lies the current concern that everything and all their growth resulting from the depletion of supplies has already been accounted for. It went from $30 to $2,300 in a very short period of time. Memory chips are always considered cyclic.
Wall Street may have misjudged Apple's performance despite the company already holding substantial cash reserves. Two and a half minutes remain until Apple announces its earnings.
The midterm elections occurring tomorrow will influence market reactions after the winner is announced. Market participants will observe how Trump responds to the election results.
Webpool serves as the trading platform being utilized. Users must register through the provided link and deposit a qualifying amount of one hundred dollars to participate in the weekly $1,000 prize drawing. Winners are announced every Sunday during stock market discussions.
Apple's large market capitalization means its performance affects broader markets, which subsequently impacts individual stock positions. Investors should avoid positioning themselves beyond their risk tolerance.
Selling pressure emerged immediately following the earnings release. Apple exceeded earnings per share expectations and slightly surpassed revenue projections, yet outperformed overall. Markets initially responded positively with approximately half a percent gains, though significant fear remains present.
Market morale has reached extremely low levels. Recent weeks saw markets rising to new record highs despite inflation concerns, but markets have now shifted focus to inflation fears and oil prices. The escalation in the Middle East has become a primary market concern.
Palantir results appear nearly flat with lackluster performance compared to recent Google and Amazon earnings announcements. The earnings call represents a potential second wave of market reaction that could introduce new information not yet priced in.
The midterm election outcome and subsequent Trump actions represent potential market-moving events in the coming hours. The strategy involves purchasing during price declines while maintaining cash reserves for potential further deterioration before improvement. Daily live sessions broadcast every market open morning.
Webpool offers commission-free trading. Registration through the provided link yields 12 free shares upon $100 deposit, plus entry into the weekly $1,000 drawing. The goal remains ending the year successfully and profitably.
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