$BlackBerry (BB.US)$ Will you get off today, let me get on the bus?

By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures posted a strong gain in early morning trading Monday as investors readied for the first trading day of November.
- Microsoft's market cap hit $2.49 trillion, surpassing Apple for the first time in more than a year.
Market Snapshot
U.S. stock futures posted a strong gain in early morning trading Monday as investors readied for the first trading day of November.
Market participants are gearing up for another week of corporate earnings, a key Federal Reserve meeting on Wednesday and October's jobs report.
$Dow Jones Industrial Average (.DJI.US)$ futures rose 159 points. $S&P 500 Index (.SPX.US)$ futures and $NASDAQ 100 Index (.NDX.US)$ futures both traded well into positive territory.
Market Temperature
Read More: Market Temperature (10/29)
Top News
Stocks shrug off downbeat Apple, Amazon earnings
Stocks edged higher Friday, defying declines in shares of $Apple (AAPL.US)$ and $Amazon (AMZN.US)$ after their earnings reports disappointed investors.
Narrowing yield gap signals worries over Fed, growth
The recent trend for shorter- and longer-term Treasurys reflects tension between investors' anticipation of higher interest rates and their concerns about economic growth.
G-20 leaders back deal to overhaul corporate tax
Leaders of the world's biggest economies endorsed a deal on corporate taxation this weekend from which the U.S. and other richer countries are set to benefit the most.
U.S. prices, wages rise at fastest pace in decades
Consumer prices rose at the fastest pace in 30 years in September while workers saw their biggest compensation boosts in at least 20 years. Consumer spending also rose in September.
Coke to pay $5.6 billion for full control of BodyArmor
The deal values the sports drink brand at about $8 billion, according to people familiar with the matter. $Coca-Cola (KO.US)$
Microsoft overtakes Apple as most valuable company
The software heavyweight's market cap hit $2.49 trillion, surpassing $Apple (AAPL.US)$ for the first time in more than a year. $Microsoft (MSFT.US)$
GameStop's chief operating officer departs
Former Amazon executive Jenna Owens has left the company after joining in March. $GameStop (GME.US)$
Read More
Bull Session | Who's next, Nvidia or Tencent?
The best trading month of the year starts now!
Central banks decisions this week
There're at least three METAs on the market, did you get confused?
NXP Semiconductors's earnings outlook
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg

According to a filing with the U.S. Securities and Exchange Commission, Chipmaker GlobalFoundries is marketing 33 million shares while Abu Dhabi’s Mubadala Investment Co., its major shareholder, plans to sell 22 million shares.
Mubadala currently owns 100% of the company and “continue to have substantial control after this offering.”
GlobalFoundries plans to list on the Nasdaq under the symbol GFS. It plans to raise as much as $2.6 billion in a U.S. initial public offering. At the top of that range,it would have a market value of $25 billionbased on the outstanding shares listed in its filing.
The offering is being led by Morgan Stanley, Bank of America, JPMorgan Chase, Citigroup and Credit Suisse.
Business Overview
$GlobalFoundries (GFS.US)$is one of the world’s leading semiconductor foundries. The company was created by purchasing the manufacturing operations of Advanced Micro Devices Inc. in 2009 and later combining it with Singapore’s Chartered Semiconductor.
According to Gartner,in 2020, the company was the third largest foundry in the world based on external sales.
GlobalFoundries previously gave up on the kind of leading-edge production that would match the capabilities of Taiwan Semiconductor or Samsung.Instead,it's serving the market for less advanced chips, which are increasingly critical to carmakers and other industries.
GlobalFoundries has over50ecosystem partners spanning IP, electronic design automation, outsourced assembly and test and design services. Building on an existing library of more than4,000IP titles, it currently has more than950IP titles in active development across26process nodes and34IP partners.
The company has built deep strategic partnerships witha broad base of more than 200 customers as of December 31, 2020, many of whom are the global leaders in their field.
In the first six months of 2021, the top ten customers, based on wafer shipment volume, included Qualcomm, MediaTek, NXP Semiconductors, Qorvo, Cirrus Logic, Advanced Micro Devices (“AMD”), Skyworks Solutions, Murata Manufacturing, Samsung Electronics and Broadcom.
The company attracted a large share of single-sourced products and long-term supply agreements. As of the date of the company's prospectus,the aggregate lifetime revenue commitment reflected by these agreements amounted to more than $19.5 billion.
A key measure of GlobalFoundries's position as a strategic partner to the customers is the mix of wafer shipment volume attributable to single-sourced business (Single-sourced products are defined as those that can only be manufactured with GlobalFoundries's technology and cannot be manufactured elsewhere without significant customer redesigns).It represented approximately61% of wafer shipment volume in 2020, up from 47% in 2018.
Financial Performance
Revenue at GlobalFoundries dropped last year by 17% to $4.85 billion. GlobalFoundries said the reason is that it divested a business that brought in $391 million in 2019, and more broadly the company shifted contractual terms with most of its customers, changing how and when it recognizes revenue.
In the first half of 2021, revenue climbed by 13% from a year earlier to just over $3 billion.
Click to view the prospectus

$Palantir (PLTR.US)$ like

$Netflix (NFLX.US)$
Take profit first. Paper gain is not a gain.

$Tesla (TSLA.US)$ to the moon!!!!

$Tesla (TSLA.US)$ Tesla bull, and I'd say probably just a question of how much of one. This seems like a "buy on rumors, sell on news" kind of thing. Earnings are expected to be high, so we should see a run up on the way there. Then probably another increase after earnings, followed by a dip then another run up as instutional investors have reviewed the earnings numbers (a few days later).
The big question is what happens after that. Most of the momentum from earnings is gone, so we might see a dip as profit is taken. There's also some possibility of negative news (as there is often the case) that will cause a dip.