US Stocks to Watch Today, November 4, 2026: CVS, Helen of Troy, Datadog and More

CVS Health’s proposed separation and a public takeover approach for Helen of Troy give Wednesday’s watchlist fresh corporate catalysts. Overnight reports also bring Duolingo, Block and Super Micro Computer into focus, while Datadog’s outlook draws scrutiny and Qualcomm prepares to report after the close.

Stock	Early premarket move
Alight (ALIT)	+23.79%
Duolingo (DUOL)	+19.92%
Ouster (OUST)	+13.84%
Helen of Troy (HELE)	+12.39%
CVS Health (CVS)	−2.09%
Datadog (DDOG)	−18.37%

Snapshots against Tuesday’s close: Alight, Duolingo and Datadog at 8:02 a.m. ET; Ouster at 8:00 a.m.; CVS at 8:01 a.m.; Helen of Troy at 7:54 a.m.

In Simple Words
A takeover proposal, a business separation or a change in guidance can alter expectations for a company before trading begins. The details matter: a proposal still needs an agreement, and strong quarterly earnings can receive a poor reception when the next forecast disappoints.

CVS Health: Proposed split changes the investment case

CVS Health announced plans to separate into two independent listed companies. Aetna, Caremark, Specialty and the care-delivery businesses would remain together, while the retail pharmacy operations would form CVS Pharmacy.

Also Read: US Top Earnings Today, November 4, 2026: AI Growth, Healthcare Recovery and Industrial Strength

The separation would give each business its own capital structure and management priorities. Shareholders would own shares in both companies, making the eventual allocation of debt, expenses and cash generation important to assessing the plan.

Measure	Figure
Planned listed companies	Two
Expected completion	First half of 2028
Retail pharmacy footprint	Approximately 9,000 locations
Intended US tax treatment	Tax-free separation

Completion remains subject to board approval and other customary conditions.

Helen of Troy: Public cash proposal puts the board’s response in focus

Empower Brands made public a non-binding proposal to acquire Helen of Troy. The bidder is jointly owned by Spectrum Brands and funds managed by Oaktree.

The approach gives shareholders a concrete cash consideration to compare with the company’s independent prospects. The immediate question is whether discussions produce a negotiated agreement, a revised proposal or a rejection.

Also Read: Top US Market News Today, November 4, 2026: Midterm Shake-Up, AI Deals and Fresh Economic Data

Measure	Figure
Proposed cash consideration	$37.00 per share
Implied enterprise value	Approximately $1.6 billion
Premium to October 30 close	28%
Bidder affiliate’s existing ownership	Approximately 4.5%

This is a non-binding proposal, with no signed acquisition agreement announced in the bidder’s release.

Duolingo: Faster user growth strengthens the operating story

Duolingo’s latest update showed accelerating daily-user growth, with management reporting progress across regions and subjects. The company said its key financial measures exceeded its expectations.

Management now plans to place gradually greater emphasis on bookings while preserving the free learning experience. That makes the balance between audience expansion and monetisation central to the response.

Measure	Figure
Daily active-user growth	29% year-on-year
Reporting period	Third quarter of 2026
Forward commercial focus	Gradually greater emphasis on bookings

The update was released after Tuesday’s close.

Also Read: US Top Earnings Today, November 3, 2026: Apple, Palantir, Pfizer and Major Quarterly Reports

Alight: Higher outlook meets a weaker year-on-year quarter

Alight raised its annual business outlook after exceeding its revenue and adjusted EBITDA expectations. Management pointed to improved retention and progress in its transformation programme.

The upgrade comes despite lower quarterly revenue and profitability than a year earlier. The useful distinction is between performance against the company’s plan and recovery in the underlying business.

Measure	Figure
Annual revenue outlook	$2.115–$2.125 billion
Annual adjusted EBITDA outlook	$410–$420 million
Quarterly revenue	$500 million
Quarterly revenue change	Down 6.2% year-on-year

The raised outlook accompanied Tuesday evening’s results.

Ouster: Robotics demand supports another sales increase

Ouster reported higher revenue and forecast further sequential growth. Industrial and robotics customers supported product demand across applications including warehouse automation, construction and mapping.

Also Read: US Stocks to Watch Today, November 3, 2026: AMD, Pfizer, Bloom Energy and More

The next-quarter outlook provides a fresh operating catalyst beyond the completed report. Profitability also deserves attention because a temporary benefit had lifted the preceding quarter’s gross margin.

Measure	Figure
Quarterly revenue	$59 million
Revenue growth	50% year-on-year
Fourth-quarter revenue guidance	$61–$64 million
Quarterly non-GAAP gross margin	47%

The previous quarter’s gross margin benefited from a one-time refund.

Datadog: Forward sales expectations outweigh the earnings beat

Datadog delivered strong quarterly growth and higher-than-expected earnings, but its next-quarter revenue forecast fell short of expectations. The outlook implies little sequential sales growth.

That shifts attention towards the durability of customer spending and usage growth. The larger-customer base continues to expand, but Wednesday’s report puts the near-term pace of expansion under closer scrutiny.

Also Read: US Top Earnings Today, November 2, 2026: Marriott, Estée Lauder, Fox and More

Measure	Figure
Quarterly revenue	Approximately $1.20 billion
Revenue growth	35% year-on-year
Fourth-quarter revenue guidance	$1.19–$1.20 billion
Fourth-quarter adjusted EPS guidance	$0.69–$0.71

The fourth-quarter figures are forecasts, separate from the completed quarter’s results.

Super Micro Computer: Higher sales outlook comes with cash demands

Super Micro Computer reported record sales and issued a higher annual revenue forecast. Its next-quarter guidance points to continued substantial demand for its server systems.

The financial picture also includes cash absorbed by operations and a sequential decline in gross margin. Those measures help distinguish shipment growth from the funding and profitability of that expansion.

Measure	Figure
Quarterly revenue	$19.9 billion
Next-quarter revenue guidance	$19.5–$21.5 billion
Annual revenue guidance	$72–$82 billion
Quarterly operating cash outflow	$434 million

The reporting period is the first quarter of fiscal 2027.

Also Read: US Stocks to Watch Today, November 2, 2026: Apple, Marvell, Palantir and Fresh Deal Catalysts

Block: Upgraded guidance puts profit growth in view

Block raised its annual outlook following stronger gross profit and adjusted operating earnings. Cash App and Square both contributed to growth.

The forward targets provide the immediate catalyst, but credit performance remains part of the assessment. Lending originations expanded while transaction, loan and consumer-receivable losses also increased.

Measure	Figure
Annual gross-profit guidance	$12.626 billion
Annual adjusted operating-income guidance	$3.519 billion
Annual adjusted diluted EPS guidance	$4.15
Quarterly gross-profit growth	22% year-on-year

Adjusted operating income and EPS exclude specified items from reported results.

Uber: Bookings outlook extends the growth discussion

Uber’s Wednesday report showed continued growth in platform activity and operating profitability. Management’s next-quarter bookings and earnings forecasts provide a fresh basis for assessing that momentum.

Also Read: US Weekly Earnings Review: Microsoft, Alphabet, Amazon, Intel and Major Q3 Results (Oct 26–30, 2026)

Revenue growth needs to be read alongside bookings because business-model changes affected the sales comparison. Operating income and cash generation offer additional measures of how activity translates into financial returns.

Measure	Figure
Quarterly gross bookings	Approximately $59.8 billion
Gross-bookings growth	20% year-on-year
Fourth-quarter bookings guidance	$63.25–$65.25 billion
Fourth-quarter non-GAAP EPS guidance	$0.95–$0.99

Gross bookings measure platform transaction value and differ from recognised revenue.

Qualcomm: Tonight’s release brings a fresh operating update

Qualcomm will publish its fiscal fourth-quarter and annual results after Wednesday’s close. The report will update investors on its semiconductor and technology-licensing businesses.

The outlook and management discussion will matter alongside the completed quarter. Growth, margins and the contribution of different product markets will help frame the company’s next financial year.

Also Read: US Stock Market Weekly Wrap-Up: AI Doubts Pull Wall Street Lower (Oct 26–30, 2026)

Measure	Figure
Results release	After Wednesday’s close
Conference call	4:45 p.m. Eastern Time
Reporting periods	Fiscal fourth quarter and full year 2026

These are confirmed release arrangements; the results are due after the regular session.

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