Hammerstone Markets Inc.

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$AMGN - Amgen Shares Tumble, Peers Gain after Underwhelming Phase 2 Data in Much Anticipated MariTide Weight Loss Study Amgen shares plunged over 11% following results showing that its weight-loss treatment, MariTide, helped patients lose an average of up to 20% of their body weight over 12 months. While investors had high expectations for the drug, its effectiveness appears to fall short of Lilly's offering, with higher reported sickness side effects than Lilly's Zepbound. The only positive differentiation appears to the frequency of doses, MariTide is administered on a monthly basis versus on a weekly basis for today's leading GLP-1's from Lilly and Novo-Nordisk. Today's results showed that MariTide doesn’t yet look like the competition-killer some investors had hoped for based on an earlier study, leading to rallies in its weight loss peers. Shares of Lilly ($LLY) were higher by over +6%, Novo-Nordisk ($NVO) shares +3% and Viking Therapeutics ($VKTX), a peer with a GLP-1 drug also in trial, saw its shares rise +10% before fading to +4%.

This morning's Early Look, originally distributed to Hammerstone subscribers at 7am. You can get it at 7am , too! Sign up to get on the free distribution list here: https://lnkd.in/d9qvZqz

$A - Agilent Technologies Reports Q4 Earnings Presented the Hammerstone Way 1. First earnings post within seconds of the release: 04:05:21 pm $A?RESULTS: Q4 - ADJ EPS $1.46, EST $1.41 - Net revenue $1.70B, EST $1.67B - Life sciences and applied markets revenue $833M, EST $845.4M - Diagnostics and Genomics revenue $442M, EST $417.3M - Agilent Crosslab revenue $426M, EST $423.6M - ADJ net income $418M, EST $405.1M 2. ?Hammerstone's bespoke summary soon follows: 04:08:58 pm $A?Agilent -Q4 adj EPS $1.46 vs. consensus $1.41 on revs $1.7B vs. est. $1.67B -guides Q1 adjusted EPS $1.25-$1.28, below consensus $1.37 and sees Q1 revenue $1.65B-$1.68B vs. consensus $1.7B -reported Q3 Life Sciences and Applied Markets revenue $833M (misses) and Diagnostics and Genomics revenue $442M (beat) -shares are -0.75% in afterhours trading. 3. Forecasts for 2025 are added: 04:09:29 pm $A?Agilent forecasts 2025 adj EPS $5.54 to $5.61, est. $5.65 04:09:38 pm $A?Agilent forecasts 2025 rev. $6.79B to $6.87B, est. $6.83B 4. Finally, an update on the afterhours trading, CEO's earnings statement and a link to the Conference Call: 04:29:03 pm?$A?- Agilent shares -2.25% now in AHs trading after the Co. guided Q1 and FY25 adj EPS & rev lower than analyst consensus. - Statement from Agilent President and CEO Padraig McDonnell wi the release: "The Agilent team again executed well and delivered solid results in the fourth quarter as the markets continued to recover. Our new market-based, customer-first strategy combined with our transformation -- which includes the new organizational structure announced today -- will position US to capture even more growth opportunities as the market improves. I look forward to sharing more about these exciting developments during our Analyst and Investor Day in December." - Earnings 4:30 PM ET Conf. Call: https:// https://lnkd.in/e3YCYHjb

Quantum computing stocks surge on new AWS plans Quantum Computing stocks trade sharply higher this morning after Amazon's AWS announced their Quantum Embark Program after the market closed on Friday. The announcement stated: "We’re introducing Quantum Embark, a new advisory program for customers. Quantum Embark aims to help customers get ready for quantum computing by providing an expert-led approach, as they embark on their journey. With Embark, there are no long-term commitments, and customers can get started in as little as a few weeks." The emerging quantum computing group of stocks includes Quantum Computing Inc ($QUBT, $721M mkt cap, +15% today), D-Wave Quantum Inc. ($QBTS, $656M mkt cap, +16%), Rigetti Computing Inc. ($RGTI, $334M mkt cap, +62%), Arqit Quantum Inc. ($ARQQ, $158M mkt cap, +51%), and IonQ Inc. ($IONQ, $6.88B mkt cap, +4%). AWS’s program aims to accelerate the adoption of quantum technologies by tackling critical challenges, including cutting through industry hype and balancing short-term experimentation with long-term investment strategies. Quantum Embark is part of a broader push by tech giants to advance quantum computing capabilities. By streamlining access and providing expert-led guidance, AWS is establishing itself as a leader in enabling businesses to harness the potential of quantum computing.

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Trump Picks Scott Bessent as Treasury Secretary - WSJ

Week-ending Recap: After last week's declines in the S&P 500, Nasdaq, and Russell 2000, major indices rebounded sharply this week, with gains nearly every trading day as investors seized last week’s pullback as a buying opportunity. Small-cap stocks led the charge, surging 4.35% for the week. The rally was broad-based, with all 11 S&P sectors posting gains of more than 1%, fueled by strong earnings reports in tech and retail—though Target ($TGT) shares were a notable laggard, tumbling on disappointing results. The rally wasn’t limited to equities. Gold prices jumped over 5%, driven by escalating geopolitical tensions, while Bitcoin soared to new highs around $100K, up more than 40% this month alone. Meanwhile, the euro slid to a two-year low of $1.0335, losing over 1% this week as traders bet on aggressive interest rate cuts from the ECB amid disappointing economic data from the bloc’s largest economies. Is this a holiday-season rally heading into year-end? FOMO? Window dressing? Market euphoria? A political celebration? AI hype? Whatever the reason, investors continue to flock to stocks, with the S&P 500 and Nasdaq hovering near record highs ahead of the Thanksgiving holiday. The Dow Jones Industrials hit fresh record highs, the Nasdaq surpassed 19,000, and the Russell 2000 climbed above 2,400. For the week, the S&P 500 rose 1.68%, the Nasdaq gained 1.73%, the Russell 2000 jumped 4.3%, and the Dow advanced 1.96%.

$ALK - Alaskan Airlines Group just announced that they expect almost 500K travelers to fly between post-Thanksgiving Friday and Sunday, December 1st; with Sunday to be Alaskan's busiest day of the year. Flying (or long-distance driving) on Sunday, December1st? Since your dentist (root canal) and the DMV are closed, I guess you might as well do it..... While there are certain to be millions of upset airline customers over the holiday, investors in airline stocks are quite happy with their 52-week returns versus the S&P 500 Index, +31%: United ($UAL) +138%, Delta ($DAL) +75%, and Alaskan ($ALK) +42%, JetBlue ($JBLU) +45%, Frontier (ULCC) +43%Southwest ($LUV) +30%, and American ($AAL) +17%. We won't mention newly bankrupt Spirit ($SAVEQ).

This morning's Early Look, originally distributed to Hammerstone subscribers at 7am. You can get it at 7am , too! Sign up to get on the free distribution list here: https://lnkd.in/d9qvZqz