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Tech is taking the hardest hits this morning. A chipmaker is collapsing on a weak outlook, a social platform is sinking on soft guidance and a policy change, and an e-commerce giant is sliding after a quarter that missed and burned through cash.

The winners are a mixed group: an EV maker rallying on a beat and a delivery raise, a drugmaker climbing on a clean quarter, and two oil majors posting sharply higher profits.

You don’t need to buy hundreds of shares – costing thousands of dollars - to get exposure to a company’s potential upside. Warrants often cost a fraction of the underlying stock. But gives you leverage to the upside.

Strategic Trader’s free guide explains the mechanics so you can decide whether this speculative corner of the market fits your strategy.

Rivian Automotive (RIVN): +5%

The EV maker posted a narrower-than-expected loss, beat on revenue, and raised its delivery guidance. For a company still chasing scale, more vehicles out the door is the clearest path toward profitability, and that is what the market is rewarding this morning.

AstraZeneca (AZN): +5%

The drugmaker beat third-quarter expectations on both earnings and revenue. For a megacap pharma name, a 5% move on a single quarter is a meaningful vote of confidence, and it stands out on a morning when the biggest tech names are getting hit.

Exxon Mobil (XOM): +2%

The oil giant’s quarterly profit doubled from a year ago. The move is modest, but on a morning dominated by tech selling, energy is delivering one of the cleaner earnings stories.

Chevron (CVX): +2%

Chevron’s net income nearly tripled from a year ago, and revenue topped estimates. Alongside Exxon’s report, it is a strong read on Big Oil’s quarter, though the measured reaction suggests investors may want proof those profits can hold.

Intel (INTC): -25%

The chipmaker’s fourth-quarter guidance came in well below what Wall Street expected on both profit and revenue. A drop this steep shows how much the market had been paying for a turnaround, and an outlook this far under the bar makes that story harder to underwrite in the near term.

Reddit (RDDT): -23%

Reddit is getting hit from two directions: weaker-than-expected fourth-quarter revenue guidance and a plan to require official accounts to access the platform. Requiring a login could change how casual visitors use the site, and landing that news alongside a soft outlook gave investors two reasons to sell at once.

Amazon (AMZN): -7%

The e-commerce giant missed on the quarter, but the number drawing attention is negative free cash flow of $42.4 billion. Cash generation has long been central to the Amazon bull case, so a deficit that size gives investors a lot to digest.

A cheap warrant isn’t automatically a bargain. Strategic Trader editor John Pangere asks three questions: how much time is left, how good are the stock’s prospects, and whether the warrant trades actively enough.

Learn more in his free guide to warrants.

Canadian Solar (CSIQ)

Canadian Solar landed on StockTwits’ trending list this morning, and the crowd there is leaning hard bullish, with AltIndex scoring the stream’s sentiment at 93 out of 100. The pitch circulating is a contrarian one: shares are sitting near 52-week lows after falling roughly 60% this year, and bulls argue expectations are already at the floor for a stock that carries meaningful short interest.

The Street is split, with JPMorgan at Underweight and an $8 target while UBS holds a Buy at $16, and the company’s Recurrent Energy unit just completed the sale of two battery storage projects in France. Third-quarter results, expected around November 12, could be the moment that either rewards the contrarians or confirms why the stock has kept sinking.

✌️That’s it for today.