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In this edition
- The story: tech leads into a loaded evening
- The brief
- Macro strip
- The market story in plain words
- Market health
- Breadth in our universe
- Earnings beats and misses
- The Engine List
- Watch list teaser
- The question into the close
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Final Hour · Afternoon edition
· Basic edition
The Final Hour — tech leads into a loaded evening: the Nasdaq-100 fund is up 1.27% at 2:14 PM ET, more than the S&P 500 and Dow funds, and five big reports land after the close. Netflix beat last night and still trades lower, so tonight's five reporters — Meta, Tesla, IBM, Lam Research and Texas Instruments — need more than a beat. The Engine List names' into-the-close scorecard is inside.






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The story: tech leads into a loaded evening Tech leads into a loaded evening. The Nasdaq-100 fund is up 1.27% at 2:14 PM ET, more than the S&P 500 and Dow funds, and five big reports land after the close.
The brief What: A broad up day with tech in front. At 2:14 PM ET the Nasdaq-100 fund is up 1.27%, the S&P 500 fund 0.65% and the Dow fund 0.54%, and the VIX is down 4.04%. Netflix beat on earnings last night and is down 4.45% at 2:08 PM ET. Why: The market is leaning into tonight's AI spending test before it gets the answers: Meta, Tesla, IBM, Lam Research and Texas Instruments all report after the close. Twenty-six of the 31 names we track are up on the day. When: After today's close: Meta, Tesla, IBM, Lam Research and Texas Instruments. Thursday 8:30 AM ET: initial jobless claims (expected 200,000). The Fed decides Wed Oct 28.
Macro strip S&P 500 fund +0.65% · Nasdaq-100 fund +1.27% · Dow fund +0.54% · VIX −4.04% · Oil −1.00% · Dollar −0.09% · Gold +0.31% · Bitcoin +2.03%
The market story in plain words Tech took the lead back. After Tuesday's rotation into the Dow, the Nasdaq-100 fund is up 1.27% at 2:14 PM ET, about twice the S&P 500 fund's gain. Fear eased. The VIX is down 4.04% and oil is down 1.00%, a calmer backdrop going into the evening. The bar is high tonight. Netflix beat last night and still trades lower, so tonight's five reporters need more than a beat.
Market health
VIX
−4.04% on the day
As of 2:12 PM ET; volatility easing
Breadth in our names
26 up · 5 down
At 2:14 PM ET
Today's #1 catalyst
After the close
Meta, Tesla, IBM, Lam Research and Texas Instruments report
• Translation: most of our names are rising and fear is fading, but tonight's reports can change the picture fast.
Breadth in our universe 14 of 31 names in our universe are above their 50-day average at 2:14 PM ET: 45%. 26 are up on the day and 5 are down. 3 made a new 20-session high today and 2 a new 20-session low.
Earnings beats and misses
Netflix (NFLX)
Beat: $0.87 a share vs $0.82 expected
A beat that still slipped. Tonight: Meta, Tesla, IBM, Lam Research and Texas Instruments report after the close.
The Engine List
+2.35%
ENB
+0.54%
+0.53%
+1.46%
+1.98%
+3.66%
+1.56%
7 names, all higher. Change at 2:01 PM ET vs Tuesday's close. ★ AMZN is this morning's Screeners Pick.
Watch list teaser The full list of the names we keep an eye on, with every setup, is in the Pro.
The question into the close This morning we asked: does the S&P 500 close today above its 50-day average? It closed Tuesday 0.11% above it, and the S&P 500 fund is up 0.65% at 2:14 PM ET, so it is on track for yes. The official answer comes at the 4 PM close and prints in Thursday's morning edition.
Print quote of the day “Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher five, ten and twenty years from now.” — Warren Buffett, Berkshire Hathaway shareholder letter, 1996
WHY IT FITS: Tonight's five reports are a test of whose earnings keep growing for years, not just who beats a number today.
NVDA Nvidia · ENB Enbridge · AMZN Amazon · AAPL Apple · FTNT Fortinet · PLTR Palantir · SNOW Snowflake · QCOM Qualcomm · AVGO Broadcom · TSLA Tesla · GOOGL Alphabet · SNDK SanDisk · MU Micron Full LEAPS setups are in the Pro.
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Join on the Pro page. For research and education purposes only. May contain typos. Prices may be delayed depending on when the data was collected. © 2026 The Degenerates Journal. All rights reserved.
Position disclosure — checked November 8, 2026: of the names covered in this edition, the desk currently holds QCOM, AVGO, TSLA, GOOGL, SNDK, MU. The desk’s current position book (QCOM · AVGO · TSLA · GOOGL · SNDK · MU) prints in the open in the current editions; see Methodology & Disclosures.
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