Most Active Stocks in Pre-Market on November 3, 2025: CRBU, CURR, KVUE, CIFR, IREN, BITF, TSLL, FUBO, BMY, PFE, HKD, PCG
NASDAQ 100 Pre-Market Performance: The NASDAQ 100 Pre-Market Indicator is up 190.14 points to 26,048.27, with a total pre-market volume of 273,604,382 shares traded.
Active Stocks Overview: Caribou Biosciences, Inc. (CRBU) leads with significant trading volume and is set to report earnings on 11/5/2025, while other active stocks include Currenc Group Inc. (CURR), Kenvue Inc. (KVUE), and Cipher Mining Inc. (CIFR), all showing positive price movements.
Earnings Forecasts: Several companies, including Bristol-Myers Squibb (BMY) and Pfizer, are scheduled to report earnings soon, with forecasts indicating significant increases in earnings per share compared to the previous year.
Market Recommendations: Stocks like Bitfarms Ltd. (BITF) and PG&E Corp (PCG) are currently rated in the "buy range" according to Zacks, indicating positive market sentiment.
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- Nasdaq Rebound: The Nasdaq gained over 2% on Friday, yet still posted a 1.8% decline for the week, indicating ongoing investor concerns about tech stocks and the need to monitor future market trends.
- Dow Hits All-Time High: The Dow surged more than 1,200 points on Friday, closing at 50,115 with a weekly gain of 2.5%, reflecting a shift of funds from growth to value stocks, which may influence future investment strategies.
- Surge in Capital Expenditures: Alphabet announced that its capital expenditures for 2026 could exceed double the previous year, and despite a 0.5% drop in shares on Thursday, market confidence in its AI investments remains strong, signaling expectations for future growth.
- Software Stocks Crushed: Software stocks faced significant declines due to fears of AI encroaching on traditional SaaS companies, leading to pressure on the entire tech sector, prompting investors to remain vigilant about potential risks and opportunities within the industry.

- Stock Performance: Biogen's stock experienced an increase on Friday despite facing declining sales.
- Drug Portfolio Issues: The company's drug portfolio showed poor performance in the fourth quarter, contributing to investor concerns.
- Launch of Discount Platform: The Trump administration has unveiled TrumpRx.gov, a website designed to help consumers find discounts on brand-name drugs when paying cash, initially featuring 43 drugs from five companies, with more expected in the coming months.
- Significant Price Reductions: Monthly prices for Novo Nordisk's Ozempic and Wegovy will drop from $1,028 and $1,349 to an average of $350 and as low as $199, with Wegovy pills potentially falling to $149, significantly easing the financial burden on diabetes and obesity patients.
- Coupon Card Availability: The TrumpRx website lists coupon cards for some drugs that can be used at local pharmacies nationwide, although certain specialty medicines are excluded, reflecting the government's efforts to enhance drug accessibility for consumers.
- Future Expansion Plans: The White House indicated that discounts from 11 additional pharmaceutical companies that have agreements with the administration will be available soon, aiming to broaden drug options and improve health outcomes for Americans by lowering drug prices.
- Tech Sector Decline: Qualcomm's (QCOM) forecast of weaker-than-expected Q2 revenue led to an over 8% drop in its stock, triggering a sell-off across the tech sector, with the Nasdaq 100 index hitting a 2.5-month low, indicating waning investor confidence in technology stocks.
- Weak Labor Market Signals: Challenger's report revealed a staggering 117.8% year-over-year increase in job cuts for January, totaling 108,435, the highest for January since 2009, while initial jobless claims rose by 22,000 to 231,000, highlighting vulnerabilities in the US labor market that could hinder economic recovery.
- Bitcoin Plunge: Bitcoin (^BTCUSD) plummeted over 12% to a 1.25-year low, reflecting deepening negative momentum in the cryptocurrency market, with approximately $2 billion flowing out of Bitcoin ETFs in the past month, signaling a decline in investor confidence.
- Earnings Season Impact: Despite 150 S&P 500 companies set to report earnings this week, market focus on economic data intensifies, with S&P 500 earnings expected to grow by 8.4% in Q4, yet overall market sentiment remains suppressed by recent economic weakness.
- Strong Growth Portfolio: Bristol-Myers Squibb's growth portfolio increased by 15% year-over-year in Q4 2025, reaching $7.4 billion and now accounting for nearly 60% of total revenue, demonstrating the company's execution strength and competitive position in its long-term growth strategy.
- Significant New Drug Contributions: Opdualag, Breyanzi, and Camzyos each contributed over $1 billion in annual sales, while Reblozyl exceeded $2 billion, indicating the company's success in drug development and market penetration.
- Optimistic Future Outlook: The company projects 2026 revenue between $46 billion and $47.5 billion, with adjusted EPS guidance of $6.05 to $6.35, reflecting ongoing confidence in the growth portfolio and the effectiveness of its cost-saving initiatives.
- Robust Financial Position: As of December 31, 2025, the company reported approximately $11 billion in cash and marketable securities, with $2 billion in operating cash flow for Q4 and the completion of a $10 billion debt paydown ahead of schedule, showcasing strong financial flexibility and ongoing investment capability.
- Strong Quarterly Performance: Bristol Myers Squibb reported $12.5 billion in revenue for Q4 2025, a 1% year-over-year increase, with its 'growth portfolio' revenue rising 15% to $7.4 billion, showcasing robust performance in new products despite a decline in overall net income.
- Exceeding Market Expectations: The company's non-GAAP net income reached $2.6 billion ($1.26 per share), surpassing analyst expectations of $1.12 per share, while revenue also exceeded the consensus estimate of $12.2 billion, reflecting the company's competitive position in the market.
- Positive Future Outlook: Management projects 2026 revenue between $46 billion and $47.5 billion, with adjusted earnings per share of $6.05 to $6.35, both exceeding analyst forecasts, indicating strong confidence in future growth.
- Legacy Product Challenges: Despite strong performance from new products, legacy products experienced a 16% revenue decline during the period, which may pose challenges to the company's long-term growth and warrants attention regarding its impact on overall performance.










