The short-term Hot Ideas closed the previous session with four gains and two losses, averaging +4.1%. BE led at +9.1%, followed by CDNA at +8.1% and ILMN at +8.0%; PRLB added +1.8%. SONO slipped -0.2%, while IBEX fell -2.3%, the weakest result of the six.

37 active today. Here are three developments behind the featured names.

APOG (Apogee Enterprises, Inc.) reported fiscal Q2 EPS of $1.17, beating the $0.59 estimate. Revenue also topped expectations, and management raised full-year sales and adjusted-EPS guidance. Shares jumped 19.5%; follow-through remains the key test.

Orders rose 56% in KEYS (Keysight Technologies, Inc.)'s third quarter, and management raised its outlook. Q4 revenue guidance implies 37% year-over-year growth at the midpoint. Shares finished October 6 at a 21-session high.

MSFT (Microsoft Corporation) gained 7.8% over 21 sessions and broke above its prior high near $516. Management guided to roughly 45% first-quarter Azure growth in constant currency, citing demand above available capacity.

The S&P 500 and Nasdaq-100 reached records as gold strengthened slightly and the dollar and bond yields eased. Crude fell even as the EIA raised its price forecasts for this year and next, citing falling global stockpiles and tight diesel markets. The SEC approved a leveraged Bitcoin ETF.