Stocks to Watch Tuesday, Nov. 3: Backblaze, Harmonic, Upwork, VCI Global, Commercial Vehicle Group

By Tech & Money Press · Pre-market watchlist for Tuesday, November 3, 2026

Market Setup

Monday started strong and ended red for tech. Crude oil fell about 7% on hopes for U.S.-Iran peace talks, which lifted airlines and the Dow early, but chip and software names faded as Marvell dropped about 13% after announcing its $115 billion deal for Lumentum and Oracle fell about 9% as it began marketing $10 billion in bonds. SPY slipped 0.5% to $752.10, QQQ lost 1.4% to $681.09, its fourth straight decline, and the IWM was flat at $279.14.

After the close, Apple beat estimates with $114.5 billion in revenue and $2.10 in earnings per share, but its 45%–46% gross margin outlook and rising memory costs sent the stock down about 2.7% after hours. Palantir also slipped about 3% despite 96% revenue growth. SPY was near $752.94 and QQQ near $682.58 at 8 p.m. ET. Tuesday is Election Day for the U.S. midterms, and AMD reports after the close, so expect headline-driven swings. Our list leans on fresh earnings: three beat-and-raise reports, one smaller industrial beat and one reverse-split runner.

1. Backblaze (BLZE) – Beat and raise sends it up 39% after hours

Close: $7.40 (−2.5%) · Day range: $6.68–$7.64 · Volume: about 6.7M (roughly 3x its recent average) · After hours: ~$10.28 (+38.9%), range $7.37–$10.68, about 1.1M shares

The cloud storage company reported third-quarter revenue of $47 million, up 26% from a year ago. Its B2 Cloud Storage business grew 47%, faster than the 34% pace of the second quarter, and B2 annual recurring revenue reached $127 million. Backblaze signed multi-year deals with AI infrastructure customers including CoreWeave, raised its full-year revenue guidance to $177.8–$178.2 million and expects B2 growth near 60% in the fourth quarter. The stock had fallen from $12.51 to $7.40 since Oct. 13, and was worth about $458 million at Monday’s close.

Our Take: This is the biggest earnings reaction on the list, and the after-hours move erased most of the slide since the Oct. 14 gap down. $10.68 (after-hours high) is the first resistance, then $12.28 (Oct. 14 high, where the gap started). On the downside, $9.94 (Oct. 15 high) is the first support, then $9.44 (Oct. 27 high). Holding above $10 in pre-market would keep the gap intact.

2. Harmonic (HLIT) – Revenue up 64%, guidance raised

Close: $10.19 (−0.4%) · Day range: $10.06–$10.42 · Volume: about 1.7M · After hours: ~$11.90 (+16.8%), range $10.19–$12.65, about 223K shares

Harmonic, which makes video streaming and broadband network equipment, reported third-quarter revenue of $148.8 million, up 64% from a year ago and well above its own guidance, with earnings of $0.23 per share. It raised full-year revenue guidance to $545–$555 million from $505–$525 million, above the roughly $517 million analysts expected, and lifted its adjusted EPS outlook to $0.80–$0.84. Backlog and deferred revenue reached $534 million, up 58%. The company is worth about $1.1 billion.

Our Take: A clean beat and raise from a mid-cap that had been stuck near $10–$11 for a month. $12.20 (Sept. 11 high) is the first resistance, then $12.65 (after-hours high). On the downside, $11.30 (Oct. 21 high) is the first support, then $10.88 (Oct. 29 high). After-hours volume was light, so look for pre-market volume to confirm the move.

3. Upwork (UPWK) – Beats estimates and raises its outlook

Close: $9.72 (+6.2%) · Day range: $9.27–$10.12 · Volume: about 7.0M (roughly 3x its recent average) · After hours: ~$10.85 (+11.6%), range $9.72–$11.30, about 242K shares

Upwork reported third-quarter revenue of $185.6 million, above the $180.2 million consensus, and earnings of $0.40 per share versus $0.32 expected. It raised its full-year EPS guidance to $1.45–$1.47 and set revenue guidance at $742–$750 million. It also announced the purchase of WorkMotion, a global employer-of-record provider, and said CFO Erica Gessert will step down on Jan. 1, with Chief Business Officer Peter Sanborn taking over. Not everything was strong: gross services volume fell about 10% from a year ago and marketplace revenue dropped 9%. The company is worth about $1.2 billion.

Our Take: The stock already gained 6% into the report, so the after-hours move stacks on top of Monday’s run. $11.30 (after-hours high) is the first resistance, then $12.00 (round number). On the downside, $10.12 (Monday’s high) is the first support, then $9.56 (Oct. 26 high). The falling volume numbers are the bear case if the pop fades.

4. VCI Global (VCIG) – Up 168% on its first day after a reverse split

Close: $8.16 (+168.4%) · Day range: $2.70–$9.29 · Volume: about 6.4M (roughly 12x its share count) · After hours: ~$6.83 (−16.3%), range $6.05–$8.73, about 872K shares

VCI Global’s 1-for-18 reverse split took effect on Monday, cutting its share count from about 9.6 million to about 535,000. The company said the split is meant to meet Nasdaq’s minimum bid price rule and to position it for a potential institutional transaction. We did not find a new announcement behind Monday’s run. VCI Global also has a $125 million equity line of credit with Hudson Global Ventures, which lets it sell shares over time. Its market value is only about $4.4 million.

Our Take: This is the riskiest name on the list: a tiny share count, no fresh news and a 16% fade after hours. $8.73 (after-hours high) is the first resistance, then $9.29 (Monday’s high). On the downside, $6.05 (after-hours low) is the first support, then $5.00 (round number). The equity line means the company can sell stock into strength, so expect wide spreads and fast moves both ways.

5. Commercial Vehicle Group (CVGI) – Sales beat and higher guidance

Close: $3.17 (+0.3%) · Day range: $3.01–$3.30 · Volume: about 371K · After hours: ~$3.60 (+13.6%), range $3.14–$3.70, about 25K shares

The truck and vehicle parts supplier reported third-quarter sales of $208.1 million, up 36% from a year ago and above the $203.0 million estimate. Adjusted earnings of $0.03 per share matched expectations and compared with a $0.14 loss a year earlier. It raised its full-year sales guidance to $755–$775 million from $725–$755 million. The company is worth about $129 million, and its 52-week high is $5.88.

Our Take: The report is solid, but only about 25,000 shares traded after hours, so the $3.60 price may not hold at the open. $3.70 (after-hours high) is the first resistance, then $4.00 (round number). On the downside, $3.30 (Monday’s high) is the first support, then $3.01 (Monday’s low). Watch pre-market volume before trusting the gap.

Bottom Line

Tuesday’s list is mostly an earnings-reaction day. Backblaze, Harmonic and Upwork all beat and raised guidance, Commercial Vehicle Group is the smaller, thinly traded follow-up, and VCI Global is the high-risk momentum name. With the midterm elections and AMD’s report on the calendar, the stocks that hold their first support in pre-market are the ones to focus on.

Disclaimer: This article is for informational and educational purposes only and is not financial advice. Tech & Money Press is not a registered investment advisor. Trading stocks involves risk, including the loss of your investment. Do your own research and consult a licensed professional before making any investment decisions.

Sources: Price data from Webull (as of 8:00 p.m. ET, Nov. 2, 2026). Company news and earnings via Benzinga and company reports.