Price-action and technical news — breakouts, momentum, and chart moves — across stocks and assets.
Timeline
What happened in Price Action
Q2 2026
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AI costs and Fed hawkishness drove June's market swings
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Fed removes 2026 rate cut, crushing metals, crypto, and tech The Federal Reserve dropped its expected 2026 rate cut, which pushed down gold, silver, bitcoin, and tech stock valuations. Higher rates make future profits less valuable today, hitting growth sectors hardest.
This was the dominant negative force behind broad market declines in metals, crypto, and tech.
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AI infrastructure costs passed to consumers, hitting Big Tech Apple and Microsoft raised prices to cover AI infrastructure costs, wiping $263B off Apple's value and pressuring Big Tech. Microsoft hit a one-year low on $38B quarterly AI capex concerns.
This shows how AI spending is squeezing profits and consumer prices, a key negative driver for tech stocks.
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Micron's record results and $100B AI memory contracts lift memory stocks Micron reported record earnings and signed $100B in AI memory contracts, boosting memory chip stocks. This shows strong demand for AI hardware components despite broader cost pressures.
This was a major positive catalyst for semiconductor memory stocks during the period.
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SpaceX joins Nasdaq-100; Rocket Lab's $8B Iridium deal sparks space rally SpaceX will join the Nasdaq-100 index, and Rocket Lab announced an $8B acquisition of Iridium, igniting a rally in space-sector stocks. These events boosted investor interest in space companies.
These were key positive developments that drove the space sector higher.
Q3 2026
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AI spending boom and bust, China competition, and Middle East tensions drove Q3 market swings
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Massive AI spending by tech giants fuels chip and software rally Microsoft, Amazon, and Nvidia spent heavily on AI, with Nvidia reporting $96.2B revenue. This lifted chip stocks: KOSPI rose 17.9%, Samsung 27%, Micron 18%. AI demand also boosted software and hardware firms like Salesforce, CrowdStrike, and AMD.
This point captures the primary positive force behind the quarter's stock gains.
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Doubts about AI spending erase trillions in chip value, causing sharp reversals Concerns that AI spending might not pay off erased trillions in chip value, briefly pushing the PHLX index and KOSPI into bear markets. Intel fell 21% on 18A delays, and a $35B AI hedge fund collapse exposed record leverage, prompting Jamie Dimon's warning.
This point explains the major negative force that caused market reversals during the quarter.
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China competition and Trump's order 14420 add pressure on tech Chinese firms like CXMT and Kimi K3 increased competition, while Trump's order 14420 and Alibaba's discounted share sale added pressure. These factors weighed on tech stocks and heightened uncertainty.
This point highlights geopolitical and competitive pressures that affected the sector.
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Middle East attacks push oil above $108, raising yields and squeezing AI builders Middle East attacks pushed Brent crude above $108, lifting the 10-year yield to 5% and squeezing debt-funded AI builders. Oracle's Stargate force majeure, weak payrolls (29K), and Tesla's Cybercab probe clouded the outlook.
This point shows how geopolitical events and economic data created headwinds for markets.
Latest
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AI buybacks and M&A surge, Boeing wins defense, freight and refiners rally
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Nvidia's record $150B buyback and bullish AI demand outlook Nvidia added $150 billion to its buyback, lifting total authorization to $235 billion, and CEO Huang forecast 70% revenue growth for fiscal 2028, above analyst estimates. The stock rose 17% in Q3, far outpacing the S&P 500. This signals confidence in AI demand and returns cash to shareholders, supporting chip and AI infrastructure stocks.
Nvidia's buyback and guidance are a major new capital and demand signal for the AI sector.
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Broadcom raises fiscal 2027 AI-chip revenue forecast to $115B Broadcom lifted its fiscal 2027 AI-chip revenue target to about $115 billion after quarterly AI revenue hit $16.7 billion, up 54% sequentially, with free cash flow at 46% of revenue. The raised forecast underscores strong AI chip demand, though the stock slipped slightly as investors weighed execution risk.
Broadcom's raised AI revenue forecast is a new, concrete demand signal for AI chips.
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Boeing wins $20B Navy fighter contract but 737 Max 10 certification delayed Boeing won a $20 billion Navy next-generation fighter contract, beating Northrop Grumman, but the FAA halted 737 Max 10 certification over a software issue, delaying deliveries and cash. The defense win boosts long-term revenue, while the certification setback pressures near-term recovery and benefits Airbus.
Boeing's dual news—defense win and commercial delay—reshapes aerospace competition and cash flow.
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Schneider's $22.6B bid for PTC lifts software stocks Schneider Electric agreed to buy PTC for $22.6 billion in cash, a 42% premium, sending PTC up 34% and lifting European software peers like Dassault and Nemetschek. The deal signals strong demand for industrial software and could spark more M&A, benefiting the sector.
The large all-cash software acquisition is a new capital markets event that lifts the software sector.
LatestPrice Action
United States
Price Action2
Coca-Cola Outpaces PepsiCo as Wall Street Picks Its Favorite Soda Stock
Wall Street has clearly chosen Coca-Cola over PepsiCo as its favorite beverage stock this year. Coca-Cola stock has ripped 23% higher this year, making it the eighth-best performer on the Dow, while PepsiCo shares have tanked by 13% and now hover near a 52-week low. PepsiCo's earnings report on Thursday is a critical one, with the company promising stronger snacking results after price cuts and that its aggressive cost cuts will show up in profits. Several Wall Street shops, including Evercore ISI and JPMorgan, have cut their profit estimates for PepsiCo ahead of the results, as higher inflation stands to pressure any cost savings. Evercore ISI analyst Robert Ottenstein said investors are concerned by share losses in North America Beverages, with brand Pepsi flat over the third quarter versus brand Coke up 7%, and lackluster trends in PepsiCo Foods North America.
PEP · Competition · Negative PepsiCo faces share losses in North America Beverages and lackluster Foods trends, with analysts cutting profit estimates ahead of earnings.
KO · Competition · Positive Coca-Cola is Wall Street's favored soda stock, with brand Coke up 7% while Pepsi brand is flat, signaling share gains over PepsiCo.
Bitcoin Retests $87K as Kalshi Year-End Target Climbs to $95K
Bitcoin entered October near $83K and touched roughly $87K within days, retesting an area last seen in late September, with its three-month performance up about 33.23%. Strategy bought 334 BTC for $28.7M in early October while estimating a $20.9B digital-asset gain for the third quarter, and Metaplanet lifted its holdings to 44K BTC after a 1K BTC net increase in the third quarter, targeting 85%-90% of assets in Bitcoin. Coinglass data showed $164.22M of net Bitcoin ETF inflows over one day and $226.41M over seven days. Kalshi's market-implied year-end high rose to $95K, up $6.6K, while CFTC Chairman Selig said the agency is proposing its first crypto market rules. Bitcoin-linked stocks were weaker over the past week, with MARA Holdings down 12%, Cipher Mining down 10%, Robinhood Markets down 8%, Coinbase Global down 6%, Circle Internet Group down 3%, BitMine Immersion Technologies down 3%, and Hut 8 down 2.45%.
TSMC stock hits all-time high after Elon Musk confirms early Terafab talks
Taiwan Semiconductor Manufacturing Company shares touched intraday all-time highs on Monday after Elon Musk confirmed early-stage talks with the chipmaker about a potential collaboration on his Terafab semiconductor initiative. Musk responded on X over the weekend to a newsletter from tech journalist Tim Culpan, who wrote that TSMC is exploring ways to work with Terafab to help the startup chipmaker run its new semiconductor factories in Texas, saying, "Just discussions, but something may come of it." Terafab is Musk's plan to build a giant semiconductor factory to serve Tesla, SpaceX, and xAI. US chip maker Intel, which joined Terafab back in April, was down roughly 2%. TSMC is the world's largest foundry, and its business has boomed on demand for semiconductors used in artificial intelligence, with the stock up about 60% year to date as the company expands in the US to manufacture chips for clients including Apple, Nvidia, and AMD.
Artificial Intelligence › AI Compute & Accelerator Silicon Supply
2330.TW · Demand · Positive Musk confirmed early-stage talks for TSMC to help run Terafab's Texas fabs, a potential new foundry customer win on top of its AI-driven demand.
INTC · Competition · Negative Intel, which joined Terafab in April, fell ~2% as TSMC emerged as a potential Terafab collaborator, threatening Intel's position in the initiative.
Capricor Falls 10% as Deramiocel OLE Data Fails to Ease FDA Concerns
Capricor Therapeutics shares fell about 10% in Monday trading despite positive data from an open-label extension study of deramiocel for Duchenne muscular dystrophy, as investors remained doubtful the candidate will win US FDA approval. A 24-month crossover analysis of HOPE-3 found that patients who began deramiocel after 12 months on placebo slowed upper limb decline by 76% compared to the first year, while patients always on deramiocel showed a similar reduction in rate of decline at both 12 and 24 months. H.C. Wainwright's Joseph Pantginis, who rates Capricor at neutral, said he expects a Complete Response Letter from the FDA for deramiocel, writing that the OLE data strengthens the efficacy story but does not resolve the regulatory uncertainty tied to what occurred during the randomized portion of HOPE-3. Cantor Fitzgerald's Kristen Kluska, who rates Capricor at overweight, was more optimistic, saying the 24-month OLE data reinforce the durability and consistency of the treatment effect and that she leans more toward a potential approval with an attractive risk/reward setup of plus 300% to minus 70%. The OLE analysis was included in a major amendment to the company's BLA, and deramiocel faces a Nov. 22 FDA action date after a late July FDA advisory panel failed to endorse the candidate following briefing documents from agency scientists that called HOPE-3 data into question.
Biotech & Genomic Medicine › Rare Disease Regulation
CAPR · Regulation · Negative Deramiocel OLE data fails to resolve FDA regulatory uncertainty ahead of the Nov. 22 action date, with analysts expecting a Complete Response Letter.
Brazilian stocks surge as Bolsonaro becomes heavy favorite in presidential run-off
Brazilian assets rallied sharply after first-round election results showed Flávio Bolsonaro advancing to an Oct. 25 run-off against incumbent President Luiz Inácio Lula da Silva with a stronger-than-expected showing. Speculators on prediction market platform Kalshi now give Bolsonaro a more than 80% chance of winning the presidency, up from about 60% before Sunday's first round, while on Polymarket his odds jumped to 85% from 63%. Bolsonaro secured more than 47% of the votes and beat Lula's first round total by nearly 2 percentage points, despite pre-election polls that widely expected him to trail the incumbent in that initial tally. The iShares MSCI Brazil ETF was up more than 12% on Monday, U.S.-listed shares of Itau Unibanco gained 15%, Banco Bradesco surged 19%, and Brazil's local Bovespa index was up 8%. Investors broadly see Bolsonaro as more favorable to markets, as the candidate is promising greater fiscal discipline, with Brazil's deficit-to-GDP ratio at almost 10% in June.
BBD · Geopolitics · Positive Bradesco surged 19% as Bolsonaro's stronger-than-expected first-round showing and rising run-off odds boost Brazilian assets seen as market-friendly.
ITUB · Geopolitics · Positive Itau Unibanco ADRs gained 15% as Bolsonaro's advance to the run-off with stronger-than-expected support lifted Brazilian financial assets.
Amazon Trades at Lowest Valuation Ever as AI Rally Passes It By
Amazon is trading at its lowest valuation ever as a public company, with its stock at $251 and a trailing price-to-earnings ratio of 20x, even as AI peers hit record highs. Nvidia and AMD have both reached record highs, Meta has surged 23% on Muse AI agent fever, and Microsoft and Google have posted modest gains over the past month, while Amazon is down 2.4% over that same stretch. Amazon now carries the second-lowest trailing P/E ratio among the Magnificent Seven, behind only Alphabet at 17.7 times forward earnings. Investors are taking a wait-and-see approach after the Federal Trade Commission and 22 states sued Amazon in early September, alleging its advertising practices overcharged roughly 1.2 million advertisers by $20 billion from 2019 to the present, a claim Amazon disputes. Lingering concerns about Big Tech AI infrastructure spending are also weighing on the stock, after Amazon said it is expanding its full-year 2026 capital expenditures budget to approximately $220 billion; Evercore ISI analyst Mark Mahaney estimates 2027 capex of $320 billion and 2028 capex of $370 billion, with negative free cash flow of roughly -$50 billion in each of those years.
AMZN · Capital · Negative Amazon is expanding 2026 capex to ~$220 billion with estimates of negative free cash flow around -$50 billion in 2027-2028, fueling AI infrastructure spending concerns.
AMZN · Regulation · Negative FTC and 22 states sued Amazon over advertising practices allegedly overcharging 1.2 million advertisers by $20 billion, weighing on the stock.
OKJ Soars 15.88% on Big Revamp Cutting Sizes and Prices; SET Orders Cash Balance from 6-26 October 2026
Shares of OKJ, the operator of the restaurant chain "Plook Phak Phro Rak Mae," jumped 15.88% to close at 3.94 baht, with trading value exceeding 167.31 million baht, compared with some days when turnover was less than 1 million baht. The surge followed the company's announcement of its most significant business transformation in 13 years, revamping its menu structure, portion sizes, prices, and in-store experience, to be rolled out simultaneously across all branches nationwide starting 5 October 2026. Chief Executive Officer Chalakorn Ekachaiyapattanakul said the overhaul is a response to changing consumer behavior, with prices set on an all-inclusive basis that includes VAT and no service charge, along with the addition of smaller size options and new menu items. Meanwhile, the Stock Exchange of Thailand announced that OKJ has been placed under Level 1 trading supervision measures, prohibiting the calculation of trading credit limits and requiring cash balance, from 6 October 2026 to 26 October 2026, after sharp changes in price and trading volume. The company stated that there have been no material developments or undisclosed information and that it does not know the cause of the change in price and trading volume.
OKJ.BK · Pricing · Neutral OKJ revamps menu structure, portion sizes and prices (all-inclusive, no service charge, smaller size options) across all branches from 5 Oct 2026.
OKJ.BK · Regulation · Negative SET placed OKJ under Level 1 trading supervision with cash balance required from 6-26 Oct 2026 after sharp price/volume changes.
Insmed CFO Sara Bonstein to Step Down October 30; Shares Fall 8%
Insmed Inc announced that Chief Financial Officer Sara Bonstein will step down on October 30, sending shares down 8% Monday. Bonstein will continue as CFO through the company's reporting of its third-quarter 2026 financial results and will participate in the earnings call on October 29, while Insmed has begun a search for her successor. She served as CFO for nearly seven years, during which Insmed raised more than $4.2 billion in capital, and the company said her transition is not related to any disagreement over accounting practices, financial statements, internal controls, or operations. Chair and Chief Executive Officer Will Lewis said Insmed is well positioned to reach cash flow positivity next year with a clear path toward sustained top-line growth and bottom-line profitability. The company reaffirmed its full-year 2026 guidance of revenue in the range of $1.25 billion to $1.40 billion for BRINSUPRI and $450 million to $470 million for ARIKAYCE, and will release third-quarter 2026 results on October 29.
Reddit Shares Down 35.7% Year to Date as Q3 Revenue Guidance Tops $860 Million
Reddit shares have plunged 35.7% in the year-to-date period, underperforming the broader Zacks Computer & Technology sector's 24.7% increase and the Zacks Internet - Software industry's 10% gain. The dip stems from irregular and declining search referral traffic, especially toward the end of the second quarter of 2026, which caused a slight decrease in daily active users and increasing volatility. Despite the pullback, Reddit reported 130.3 million daily active uniques in the second quarter of 2026, up 18% year over year, and 514.6 million weekly active uniques, up 24% year over year, while international revenues surged 84% year over year to $166.8 million. For the third quarter of 2026, management expects revenues between $860 million and $870 million, representing 47% to 49% year-over-year growth, while the Zacks Consensus Estimate for third-quarter revenues is pegged at $886.35 million, indicating year-over-year growth of 51.54%, and the consensus earnings mark stands at $1.30 per share. Reddit stock carries a Zacks Rank #2 (Buy) and a Growth Score of A, though it trades at a forward 12-month Price/Sales ratio of 6.70X, above the broader Zacks Computer & Technology sector's 6.18X.
Precigen Shares Surge 52.5% as Papzimeos Sales Reach $74.6 Million
Precigen shares have climbed 52.5% over the past three months, outpacing a 0.2% decline for the industry, on the strength of its sole marketed drug, Papzimeos. Papzimeos, the first and only FDA-approved therapy for adults with recurrent respiratory papillomatosis, generated $74.6 million in revenue in the first six months of 2026, with second-quarter product sales more than doubling sequentially. A marketing authorization application for Papzimeos in adults with recurrent respiratory papillomatosis is under review in Europe, and the drug holds seven years of FDA market exclusivity through Aug. 14, 2032. Inovio Pharmaceuticals is developing INO-3107 as a competing treatment for recurrent respiratory papillomatosis, with an FDA decision expected on Oct. 30, 2026. Beyond Papzimeos, Precigen is developing PRGN-2009 through its AdenoVerse platform, which recently received FDA platform technology designation, and a phase II study is testing PRGN-2009 with Merck's Keytruda in recurrent or metastatic cervical cancer, with a portfolio update planned by the end of 2026.
PGEN · Demand · Positive Papzimeos generated $74.6 million in first-half 2026 revenue with Q2 sales more than doubling sequentially.
INO · Competition · Negative Inovio's competing RRP treatment INO-3107 faces an FDA decision Oct 30, 2026, while Precigen's Papzimeos already holds approval and seven years of exclusivity.
Palm Valley Capital Flags Flowers Foods Margin Pressure as 2026 EPS Guidance Cut
Palm Valley Capital Management disclosed in its third-quarter 2026 investor letter that Flowers Foods was among the three positions that hurt the Palm Valley Capital Fund's quarterly performance, alongside Rayonier and Reynolds Consumer Products. The fund said Flowers Foods, a market leading producer of bread and bakery products, faces rising costs, intense competition, and a value-conscious consumer, with demand also affected by growing adoption of GLP-1 medications. During the second quarter, sales declined 4% and earnings per share fell to $0.21 from $0.30, and management lowered 2026 EPS guidance from $0.80 to $0.90 down to $0.75 to $0.85. Flowers Foods closed at $5.57 on October 02, 2026, with a $1.18 billion market capitalization, a roughly 48.81% year-to-date pullback, and a 52-week range of $5.40 to $13.13. The fund said it expects near-term trends to remain challenging but believes demand for bread will eventually stabilize, with comparisons becoming easier later this year and into 2027.
Schneider Electric to Buy PTC for About $22.6 Billion in All-Cash Deal
Schneider Electric agreed to buy PTC for about $22.6 billion in an all-cash deal aimed at tapping into the artificial-intelligence boom, sending PTC shares rallying. Qualcomm shares moved higher after the company agreed to license patents underpinning Huawei Technologies Co.'s novel LogicFolding chipmaking technique. Taiwan Semiconductor shares gained as sentiment was boosted by discussions between the Taiwanese chip giant and Elon Musk's Terafab on potential collaboration.
SpaceX Shares Rise 4% as Morgan Stanley Reiterates $300 Target
SpaceX shares rose about 4% on Monday after Morgan Stanley reiterated an overweight rating and a $300 price target on the rocket and satellite company, calling it an "unusually cheap" way to play the growing space and artificial intelligence economy. The target implies 88.7% upside from Friday's close. Analyst Adam Jonas said SpaceX looks expensive on conventional metrics but relatively cheap after adjusting for growth, trading at about 30 times estimated 2028 EV/EBIT versus roughly 16 times for other mega-cap AI enablers, and at only 0.3 times EV/EBIT/growth, about 40% below the peer median. Jonas said the market already prices in most of SpaceX's space and connectivity opportunity, leaving about $32 a share for its AI business, and flagged Starship Flight 15, expected in late October or early November, as a key catalyst that could be the biggest positive catalyst since the IPO. Further AI compute contracts, new Grok releases, and progress on Starship reusability could also support the stock, while risks include slower AI growth, higher infrastructure costs, and potential dilution.
Trekor Metals Reaffirms 2026 Output Targets for Gibraltar and Florence After Rebrand
Trekor Metals has reaffirmed its 2026 output targets for the Gibraltar and Florence projects following a recent corporate rebrand. The copper producer's shares have risen 37.65% over 90 days and delivered a 122.69% total shareholder return over one year. Against a last close of CA$12.76, the most followed narrative pegs fair value at CA$14.13, implying the stock is 9.7% undervalued, while a separate valuation lens using a current price-to-sales ratio of 4.7x against a fair ratio of 4.3x and a peer average of 3.4x suggests the shares look expensive. The company points to a decline in capitalized stripping at Gibraltar and the winding down of Florence construction spending as drivers of improved free cash flow and potential deleveraging. Risks remain if project timelines slip or the two projects hit operational or regulatory setbacks.
Strategy Adds 334 BTC for About $24 Million, Resuming Third Straight Week of Weekly Purchases
Bitcoin rebounded to $86,970 on October 5 after Strategy disclosed it had acquired an additional 334 BTC worth about $24 million. Michael Saylor said on X that Strategy recorded $21 billion in valuation gains on digital assets in the third quarter of 2026, acquired 334 BTC the previous week, and bought back about $176 million worth of STRC shares. As of October 4, the company held 848,000 BTC and about $5.7 billion in dollar-denominated assets. With this purchase, bitcoin buying has continued for a third consecutive week, extending a trend that resumed in late August after a ten-week pause from June 7 to August 23. U.S. spot bitcoin ETFs also recorded total inflows of $3.219 billion over 11 of the past 12 trading days. In prediction markets, Kalshi puts the probability of bitcoin exceeding $100,000 by January 2027 at 38%, while Polymarket sees only a 12% chance of it reaching $100,000 during October.
Digital Finance & Tokenization › Pure Bitcoin-Treasury Vehicles ▲Demand
MSTR · Capital · Positive Strategy acquired 334 BTC for ~$24M, resuming weekly purchases and extending its bitcoin accumulation strategy.
BTC · Demand · Positive Strategy's continued BTC purchases plus $3.219B of spot bitcoin ETF inflows over 11 of 12 days signal strong demand for bitcoin.
Kalshi · · Neutral Kalshi is only cited for its prediction-market probability of bitcoin exceeding $100,000, not a company-specific development.
Polymarket · · Neutral Polymarket is only cited for its prediction-market probability of bitcoin reaching $100,000 in October, not a company-specific development.
XRP Tops South Korea Crypto Trading Volume, Overtaking Bitcoin and Ethereum
XRP has claimed the top spot in trading volume on South Korea's cryptocurrency market, surpassing Bitcoin and Ethereum, according to CoinMarketCap. The surge in local activity has kept the token's price within a $1.45 to $1.52 range even as broader global markets face pressure. The ranking marks a notable shift in South Korean trading preferences, where XRP now leads both major cryptocurrencies by volume.
XRP · Demand · Positive XRP tops South Korea's crypto trading volume, overtaking Bitcoin and Ethereum, signaling strong local buying demand for the token.
Nvidia Nears Record High on Foxconn Results as Cerebras Jumps on Altman Comments
Nvidia is poised to open at a record high after Foxconn, also known as Hon Hai Precision, reported better-than-estimated numbers, with the strong results extrapolated through to the AI chipmaker. Renewed talk that Nvidia's valuation looks low, given its still-expanding earnings, is also helping the stock as the AI trade continues largely unabated. Separately, Morgan Stanley analyst Adam Jonas reiterated his overweight rating on SpaceX with a $300 price target, arguing the stock is cheap at its current level of 159 and implying roughly 100% upside, citing the difficulty of valuing its AI business by price per token and its rocket work such as heat shields, orbital re-entry, booster landings and hot staging. Cerebras rose 6% in premarket trading after OpenAI CEO Sam Altman called the company a close partner, saying the two are working together very, very closely.
Lennar Shares Down 22.4% YTD as Margin and Delivery Guidance Cut
Lennar Corporation shares have fallen 22.4% year to date, underperforming the Zacks Building Products - Home Builders industry, the broader Zacks Construction sector and the S&P 500 Index. For the first nine months of fiscal 2026, home-sales revenues declined 7% year over year to $21.6 billion as deliveries fell 2% to 58,222 homes from 59,549 homes, and average selling price dropped 5% to $372,000 from $393,000. Homebuilding gross margin contracted to 15.5% from 18% a year ago, while selling, general and administrative expenses rose to 9.4% of home-sales revenues from 8.5%. Management cut its full-year fiscal 2026 delivery target to about 80,000-81,000 homes from 82,000-83,000, and guided fourth-quarter deliveries of 22,000-23,000 homes with an average selling price of $370,000 to $380,000 and gross margin of 15.5-16%. Fiscal 2026 and fiscal 2027 earnings estimates stand at $4.95 and $5.70 per share, respectively, with the fiscal 2026 figure implying a 38.6% year-over-year decline, and the stock carries a Zacks Rank #5 (Strong Sell).
Deutsche Bank Sees Meta's Muse AI Agent Reaching Up to 8% of Revenue by 2030
Deutsche Bank analyst Benjamin Black estimates Meta's Muse AI agent could generate up to 8% of the company's revenue by 2030, roughly $36 billion in sales, with a lower-end forecast of $2.4 billion. Muse has already been downloaded more than 5.1 million times, according to Sensor Tower, and Meta has signed commerce deals with Shopify and PayPal. Meta also debuted the Muse Charm in late September, a standalone pocket device built exclusively for voice interaction with the Muse agent, and CEO Mark Zuckerberg showcased a shift toward "personal superintelligence" with the Meta VR Glasses, a 100-gram spatial computing device priced at $1,299 with 5K micro-OLED displays, tethered puck processing, and native eye and hand tracking. On the smart eyewear front, Meta launched the third-generation Ray-Ban Meta Gen 3 glasses starting at $249, alongside camera-free Ray-Ban Meta Audio glasses for open-ear listening and AI voice interaction. Meta's stock is up 25% inside of a month.
META · Demand · Positive Deutsche Bank estimates Meta's Muse AI agent could reach up to 8% of revenue by 2030, with 5.1M downloads and commerce deals with Shopify and PayPal.
DBK.XETRA · Capital · Neutral Deutsche Bank analyst Benjamin Black issued the revenue estimate for Meta's Muse AI agent.
PYPL · Demand · Positive Meta signed commerce deals with PayPal for its Muse AI agent, potentially driving payment volume.
SHOP · Demand · Positive Meta signed commerce deals with Shopify for its Muse AI agent, potentially driving merchant activity.
Velo3D CFO James Suva departs; Terence P. Wynn named interim finance chief
Velo3D Inc disclosed that Chief Financial Officer James Suva separated from employment on September 28, 2026, sending shares down 8.1% in premarket trading Monday. The company said in an 8-K filing that Suva's departure was not due to any disagreement with the company on any matter related to its operations, policies or practices. The board of directors appointed Terence P. Wynn, 70, as Interim Chief Financial Officer effective the same day, serving as a consultant rather than an employee through KongBasileConsulting LLC, which has provided accounting and financial reporting services to Velo3D since January 2021. Under the Officer Services Agreement, KongBasileConsulting will receive a monthly fee of $32,500 for Wynn's services, plus reimbursement of pre-approved expenses, and the agreement can be terminated by either party with written notice while the board may remove Wynn at any time. Wynn has served as an independent CFO consultant through KongBasileConsulting since 2020 and was Chief Financial Officer of Business Wire, Inc., a Berkshire Hathaway company, from 2018 to 2020.
VELO · Capital · Negative Velo3D's CFO James Suva separated from employment, an abrupt executive departure that sent shares down 8.1% premarket.
KongBasileConsulting LLC · Capital · Positive KongBasileConsulting will receive a $32,500 monthly fee for providing interim CFO Wynn's services to Velo3D.
CP Sets New September and Third-Quarter Grain Transportation Records
Canadian Pacific Kansas City set new September and third-quarter records for grain transportation, moving 2.94 million metric tons in Canada and 2.51 million metric tons in the United States during September. Both countries set new third-quarter records, surpassing the previous records set in 2020. Through Week 8 of the 2026-2027 crop year, CP has moved more than 4.99 million metric tons and 51,268 carloads of Canadian grain. CP's shares have gained 16.8% year to date, compared with 20.3% growth for the Transportation - Rail industry, and the stock carries a Zacks Rank #3 (Hold).
CP · Demand · Positive CP set new September and Q3 records for grain transportation, moving 2.94M metric tons in Canada and 2.51M in the US, reflecting strong end-customer shipping demand.
Q3 Earnings Season Opens as 10-Year Treasury Yield Hits 24-Year High
U.S. stocks closed higher Friday after a surprisingly weak September jobs report raised hopes that the Federal Reserve will hold interest rates steady at its October meeting, with the Dow Jones Industrial Average gaining 250 points, or 0.5%, to close at 51,176.46, the S&P 500 adding 0.7%, or 56.27 points, to 7,722.72, and the Nasdaq Composite climbing 1.2%, or 319.27 points, to 27,190.86 after hitting a record earlier in the session. For the week, the Dow fell about 1.3% and the S&P 500 slipped 0.3%, while the Nasdaq rose 0.6%. The rally faces a jump in bond yields, with the 10-year Treasury yield hitting 5.34% on Thursday, its highest level in 24 years, driven by expectations for strong growth, rising energy costs pushing up inflation, and heavier corporate debt issuance to fund AI buildouts. Earnings season kicks off this week with PepsiCo and Delta Air Lines among the first large companies to report, before major banks open the broader season the following week, and minutes from last month's Fed meeting are due Wednesday. Investors are also awaiting November 3 midterm elections, which will decide control of Congress.
US-10Y.GB · Monetary · Positive 10-year Treasury yield hit 5.34%, a 24-year high, driven by strong growth expectations, rising energy costs and heavy corporate debt issuance.
DAL · · Neutral Named as one of the first large companies to report earnings this week; no substantive development given.
PEP · · Neutral Named as one of the first large companies to report earnings this week; no substantive development given.
Kratos Defense wins $100M+ space and cyber contracts
Kratos Defense & Security Solutions announced on Monday that it won multiple contracts worth more than $100 million to develop space intelligence and cyber capabilities for joint military operations. The work will support RF signal collection, intelligence gathering, electronic warfare, and offensive cyber operations. The contracts will leverage the company's KnownSpace network of more than 190 RF sensors across more than 20 locations, along with its software and analytics capabilities. Following the announcement, KTOS stock traded about 1.58% higher at roughly $43.75 in pre-market trading.
GF Securities Lifts UMC EPS Forecasts on Stronger Prices and Margins
GF Securities expects United Microelectronics to post stronger earnings per share over the next two years on a combination of stronger prices and margins, supported by rising orders from key clients that are lifting utilization rates at its foundry. Analyst Jeff Pu said 12-inch utilization should reach about 93% by end-2026 on strong DDIC volumes from Novatek and Samsung LSI at 22/28nm and Apple's Mac at 55/65nm, with upside from Sony's sensors, while 8-inch utilization should reach about 90% by end-2026 and full loading by 2H27 on intact demand for datacenter PMIC, MCU and embedded memory. Pricing momentum extends from 2H26 for selective customers into 1H27 at 10-30% across 12-inch and 8-inch, and into 2H27 where negotiations are ongoing, suggesting visibility extending into 2H27. GF Securities raised its EPS forecasts for the entirety of 2026 and 2027 by 2% and 8% respectively and maintained its Buy rating, with UMC expected to begin another growth phase in 2028 when it transitions to asset-light FinFET and optical full solutions, driven by Intel 2nm as a major inflection. Interposer and advanced packaging are expected to begin contributing during the second half of 2027, supported by silicon capacitor, DTC, hybrid bonding and controller-to-bonding integration. UMC shares were down 8% in pre-market trading on Monday, but the stock has surged 32% over the past month and more than 230% year-to-date.
2303.TW · Capital · Positive GF Securities raised its 2026 and 2027 EPS forecasts for UMC by 2% and 8% and maintained its Buy rating.
2303.TW · Demand · Positive Rising orders from key clients like Novatek, Samsung LSI, Apple, and Sony are lifting 12-inch and 8-inch utilization rates.
WISeSat.Space Shares Surge 308% After Nasdaq Debut Following Reverse SPAC Merger
WISeSat.Space Holdings Corp. shares surged as much as 500% in Monday premarket trading after the company completed its previously announced reverse SPAC merger with Columbus Acquisition Corp. on October 1, 2026. The subsidiary of WISeQey Corp. began trading its ordinary shares on Nasdaq under the ticker SAIQ on October 2, 2026. Founder, chairman and CEO Carlos Moreira is scheduled to ring the Nasdaq Opening Bell on October 9, 2026, at Nasdaq MarketSite in Times Square. The listing supports WISeSat.Space's plans to expand secure satellite connectivity, drawing on WISeQey's expertise in cybersecurity, digital identity and secure semiconductors to connect IoT devices beyond terrestrial networks. SAIQ was up 308.63% at $7.55 in premarket trading on Monday, hitting a new 52-week high.
Samsara Partners With Asplundh and Launches MCP AI Integration
Samsara Inc. announced a major partnership with Asplundh to deploy its safety and efficiency technologies across tens of thousands of North American vehicles and assets, alongside the launch of Samsara MCP, which links customers' operational data directly into third-party AI assistants including ChatGPT, Claude, and Microsoft Copilot. The company also announced its first professional hockey sponsorship with the Laval Rocket for the 2026–27 season, featuring Samsara-equipped Zamboni ice resurfacers. Samsara's narrative projects $3.2 billion in revenue and $348.4 million in earnings by 2029, requiring 20.1% yearly revenue growth and about a $257.8 million earnings increase from $90.6 million today. Before this news, the most optimistic analysts were already expecting revenue to reach about US$3.3 billion and earnings near US$593.8 million by 2029. The company's forecasts yield a $52.16 fair value, a 27% upside to its current price.
Artificial Intelligence › AI Applications & Copilots ▲Demand
IOT · Demand · Positive Samsara announced a major partnership with Asplundh to deploy its safety and efficiency technologies across tens of thousands of North American vehicles and assets.
IOT · Technology · Positive Samsara launched MCP, integrating customers' operational data directly into third-party AI assistants including ChatGPT, Claude, and Microsoft Copilot.
Asplundh Tree Expert · Demand · Positive Asplundh will deploy Samsara's safety and efficiency technologies across tens of thousands of its North American vehicles and assets.
Alphabet Consensus Estimates Edge Higher as Zacks Keeps Hold Rating
Alphabet's Zacks Consensus Estimate for the current quarter has risen 0.9% over the last 30 days to $2.95 per share, a change of +2.8% from the year-ago quarter. For the current fiscal year, the consensus earnings estimate of $20.55 points to a change of +90.1% from the prior year and has moved +0.3% over the past 30 days, while the next fiscal year's estimate of $14.82 indicates a change of -27.9% and has changed +0.5% over the past month. The consensus sales estimate for the current quarter of $111.36 billion indicates a year-over-year change of +27.3%, and estimates of $433.8 billion and $548.69 billion for the current and next fiscal years indicate changes of +26.5% and +26.5%, respectively. Alphabet reported revenues of $103.62 billion in the last reported quarter, up 26.8% year over year, with EPS of $9.11 versus $2.31 a year ago, beating the Zacks Consensus Estimate of $101.28 billion by 2.31% on revenue and posting an EPS surprise of +216.32%. The stock carries a Zacks Rank #3 (Hold) and a Zacks Value Style Score of D, indicating it trades at a premium to its peers.
Cloud & Digital Infrastructure › Mega-cap Hyperscalers Demand
GOOG · Capital · Positive Zacks consensus estimates for Alphabet's current quarter and fiscal year edged higher, with the stock carrying a Hold rating.
JD.com Consensus Earnings Estimates Rise as Zacks Rank Holds at #3
JD.com is expected to post earnings of $1.05 per share for the current quarter, a year-over-year change of +101.9%, with the Zacks Consensus Estimate up +3.8% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $3.34 points to a change of +31% from the prior year and has moved +6.7% over the past 30 days, while the next fiscal year's estimate of $3.91 indicates a +16.9% change and has edged up +0.3% over the past month. The consensus sales estimate for the current quarter of $46.07 billion indicates a year-over-year change of +9.7%, and for the current and next fiscal years, $202.54 billion and $213.58 billion estimates indicate +10.3% and +5.5% changes, respectively. In the last reported quarter, JD.com reported revenues of $51.05 billion, up +2.5% year over year and a surprise of -0.96% versus the Zacks Consensus Estimate of $51.55 billion, while EPS of $0.93 compared with $0.69 a year ago for an EPS surprise of +8.14%. The company beat consensus EPS estimates in each of the trailing four quarters and topped consensus revenue estimates two times over that period, and it carries a Zacks Rank #3 (Hold) along with a Zacks Value Style Score of A.
9618.HK · Capital · Positive Consensus earnings estimates for JD.com rose over the last 30 days, with current-quarter EPS expected up +101.9% year over year and the stock holding a Zacks Rank #3.
Warner Bros. Discovery Earns Zacks Rank #3 as Quarterly EPS Estimate Holds at $0.02
Warner Bros. Discovery holds a Zacks Rank #3 (Hold), with the consensus estimate for the current quarter unchanged over the last 30 days at $0.02 per share, a swing of +133.3% from the year-ago quarter. For the current fiscal year, the consensus earnings estimate stands at -$1.08, a year-over-year change of -472.4%, and that figure has moved +2% over the past 30 days, while the next fiscal year's consensus estimate of $0.1, up +109.3% from the expected year-ago result, has fallen -41.2% over the past month. On the revenue side, the consensus sales estimate for the current quarter is $8.84 billion, a year-over-year change of -2.3%, with $36.22 billion and $37.51 billion expected for the current and next fiscal years, changes of -2.9% and +3.6% respectively. In the last reported quarter, Warner Bros. Discovery posted revenues of $8.72 billion, down -11.2% year over year and a -6.19% surprise against the Zacks Consensus Estimate of $9.29 billion, while EPS of $0.06 compared with $0.63 a year ago for a +146.15% surprise. The stock has returned +9.5% over the past month against the Zacks S&P 500 composite's +0.6% change, even as the Zacks Broadcast Radio and Television industry lost 10.6% over the same period, and it carries a Zacks Value Style Score of D, indicating it trades at a premium to its peers.
WBD · Capital · Neutral Zacks Rank #3 (Hold) with unchanged quarterly EPS estimate of $0.02, mixed estimate revisions and a Value Score of D — a valuation/earnings-estimate update with no clear directional signal.
PTC to Be Acquired by Schneider Electric for $205 Per Share
PTC agreed to be acquired by Schneider Electric for $205 per share, valuing the software company's equity at more than $22 billion, with the transaction expected to close by the third quarter of 2027. PTC shares surged 36% premarket on the news. Brazilian stocks rallied after right-wing presidential candidate Flavio Bolsonaro edged out incumbent Luiz Inacio Lula Da Silva by around 2 percentage points in Sunday's election, sending the iShares MSCI Brazil ETF up 12% and U.S.-listed shares of Itau Unibanco and Banco Bradesco up more than 13% each. Wells Fargo gained 1% after a Morgan Stanley upgrade to overweight from equal weight, while DraftKings popped over 5% on a Bank of America upgrade to buy from neutral, with analyst Julie Hoover expecting prediction markets to generate $400 million in fees for 2027 and between $200 to $400 million in market making. Estee Lauder rose 2.8% after Barclays upgraded the stock to overweight from equal weight, citing its growth and earnings profile over the next several years.
Bitcoin maximalist and JAN3 head Samson Mow has publicly challenged the sustainability of Zcash's parabolic rally, saying the privacy coin's market capitalization has been artificially inflated and that the market faces an inevitable return to the mean. Commenting on the ZEC/USDT chart, where the coin corrected to $1,300 after recently surging to a peak near $1,600, Mow said there is not enough speculative capital in the market to keep Zcash among the top 10 cryptocurrencies at a valuation above $22 billion after its rise of more than 1,000% since the start of the year. Zcash supporters attribute the coin's 1,077% gain over the past 12 months to real infrastructure changes, including the NU7 upgrade activated on testnet on October 4-5, which is expected to make block generation three times faster. ZEC's liquidity has also been supported by the recent launch of pools on THORChain and a $306 million inflow into Grayscale's spot ETF, although the fund recorded its first major outflow this week, at $93 million. The coming weeks will show whether the coin can hold in the $1,280-$1,330 range or whether the market will prove the maximalists right and trigger a major correction in the rally.
ZEC · · Neutral ZEC's 1,000%+ rally questioned as artificially inflated by Samson Mow, while supporters cite NU7 upgrade, THORChain pools, and Grayscale ETF inflows; article reports price move with no single clear driver.
Grayscale Investments · · Neutral Grayscale's spot Zcash ETF saw a $306M inflow but recorded its first major outflow of $93M this week; mixed flows, no clear directional driver.
JAN3 · · Neutral JAN3 head Samson Mow is quoted challenging Zcash's rally sustainability, but the news is about ZEC, not JAN3's own business.
Dogecoin Completes First Daily Golden Cross in 14 Months
Dogecoin has completed a golden cross on its daily chart, the first such signal in 14 months, with the MA 50 crossing above the MA 200. The last daily golden cross came in August 2025, and on September 13, 2025, Dogecoin traded to a high of $0.3 before selling pressure set in; the coin later fell to a low of $0.09 during the October 10 flash crash, when the crypto market suffered a historic $20 billion liquidation, and flashed a death cross in November 2025. The rebound began from a low of $0.06 in mid-August 2026, flipping the daily MA 50 and surpassing the daily MA 200 for the first time since October 2025. Fundamentals have been positive: DogeOS launched a public test network for Ethereum-style trading and lending using DOGE, and Metallicus launched DogecoinVM, a DOGE-compatible ledger on the Metal Blockchain that makes Dogecoin 300x faster with instant finality. Dogecoin was up 3.88% in the last 24 hours to $0.0962, with the next test for bulls at $0.106 after it decisively breaks the $0.095 and $0.098 levels, and a clear breakout past $0.106 might target $0.12 and $0.16 next.
DOGE · Technology · Positive Dogecoin completed its first daily golden cross in 14 months, with DogeOS and Metallicus launching DOGE-based infrastructure that boosts its utility.
DogeOS · Technology · Positive DogeOS launched a public test network for Ethereum-style trading and lending using DOGE.
Metallicus · Technology · Positive Metallicus launched DogecoinVM, a DOGE-compatible ledger on Metal Blockchain making Dogecoin 300x faster with instant finality.
SET orders OKJ stock into Level 1 cash balance, effective Oct 6
The Stock Exchange of Thailand, or SET, has announced that shares of Pluk Phak Praw Rak Mae Public Company Limited, or OKJ, have been placed under Level 1 trading supervision measures, prohibiting the calculation of trading credit limits and requiring the use of a cash balance account. The measures take effect from October 6 to 26, 2026.
XO targets 2026 revenue of nearly 2.4 billion baht, invests 1.3 billion in new factory
Shares of Exotic Food Public Company Limited, or XO, closed at 19.00 baht, up 1.10 baht or 6.15%, on trading value of 24.68 million baht, after Chief Executive Officer Jittiporn Chantrat revealed that the global seasoning sauce market continues to expand. The global hot sauce market was worth approximately 120 billion baht in 2025 and is expected to grow at an average of 7.7-7.8% per year, reaching about 200 billion baht in 2032. Meanwhile, the sriracha sauce market was valued at approximately 19.3 billion baht in 2025 and is expected to rise to more than 30 billion baht in 2032. XO holds roughly 7.9% of the global sriracha sauce market. The company targets revenue growth of no less than 10% in 2026 from about 2.15 billion baht in 2025, which would amount to nearly 2.4 billion baht. It is also proceeding with investment in a new factory worth approximately 1.3 billion baht, funded about 70% by loans from financial institutions and about 30% by company cash. The plant is expected to be completed in the second quarter of 2028, with exports from the new factory beginning in the third quarter of 2028. Brokerage Globlex Securities raised its 2026 revenue forecast for XO to 2.37 billion baht from 2.26 billion baht, a 10% increase from the previous year. It expects gross profit margin of 47%, excluding the impact of inventory write-downs, and maintains its 2026 net profit forecast at 535 million baht, up 6% from the previous year. It also raised its target price to 19.20 baht from 15.60 baht and upgraded its recommendation from hold to speculative buy.
XO.BK · Capital · Positive Globlex raised XO's 2026 revenue forecast and target price to 19.20 baht with a speculative buy rating, and XO is investing 1.3 billion baht in a new factory.
XO.BK · Demand · Positive XO targets 2026 revenue near 2.4 billion baht on expanding global hot/sriracha sauce demand and its 7.9% sriracha share.
Iran Ties Hormuz Reopening to Seven U.S. Conditions as Cerebras, RobCo and Revolut Draw Investor Attention
Iran said it will not reopen the Strait of Hormuz until the United States meets seven conditions outlined in an earlier agreement, Reuters reported, a stance that could prolong disruptions in one of the world's key energy corridors and keep investors focused on oil prices, shipping and inflation. Separately, Senators Elizabeth Warren and Josh Hawley are investigating how major home and auto insurers process claims after a Wall Street Journal report found rising odds that some policyholders receive no payout, asking six large insurers for data and explanations. Cerebras Systems shares rose as much as 8.1% in early trading after OpenAI CEO Sam Altman described the chipmaker as a close partner with a deep engagement focused on improving speed. German robotics startup RobCo sold $40M of shares in a transaction valuing the company above $1B, double its level earlier this year, with most of the shares sold by employees to new and existing investors. Revolut's latest secondary share sale values the London-based fintech at $115B, up more than 50% from its $75B valuation in November 2025, making it Europe's most valuable startup ahead of established banks including Barclays and Société Générale.
CBRS · Technology · Positive OpenAI CEO Sam Altman called Cerebras a close partner with deep engagement focused on improving speed, boosting the chipmaker's shares.
Revolut · Capital · Positive Revolut's latest secondary share sale values the fintech at $115B, up over 50% from its $75B November 2025 valuation.
RobCo · Capital · Positive RobCo sold $40M of shares in a transaction valuing the German robotics startup above $1B, double its level earlier this year.
OpenAI's Sam Altman Calls Cerebras a Close Partner, Lifting Chipmaker's Stock
Cerebras Systems shares rose as much as 8.1% in early trading on Monday after OpenAI CEO Sam Altman said the chipmaker is "a close partner" of OpenAI and that the two firms have "a deep engagement pushing on the frontiers of speed." Altman's comments came in response to speculation over OpenAI's partnership with Cerebras, with Altman writing that Cerebras is a close partner and that the engagement pushes on the frontiers of speed. Barclays analyst Tom O'Malley said the OpenAI relationship remains strong, noting that Nvidia is running OAI GPT-6.1 Ultrafast but that Cerebras remains the preferred provider limited by supply. O'Malley added that the recent stock selloff was overdone, as highlighted by Sam Altman's post.
CBRS · Demand · Positive OpenAI CEO Sam Altman called Cerebras a close partner with deep engagement, and Barclays says Cerebras remains the preferred provider limited by supply.
OpenAI · · Neutral OpenAI is the source of the partnership comments about Cerebras; no independent development affecting OpenAI itself is described.
NVDA · Competition · Neutral Barclays notes Nvidia is running OAI GPT-6.1 Ultrafast, but Cerebras remains the preferred provider limited by supply — a competitive mention, not a company-specific development.
Schneider's $22.6 billion PTC bid lifts European software stocks
Schneider Electric has agreed an all-cash offer of $22.6 billion for U.S. industrial software firm PTC, a 42.3% premium to PTC's last closing price, sending European engineering software stocks broadly higher on Monday. Dassault Systèmes rose 2.3% in Paris morning trade, Nemetschek climbed 1.9% and TeamViewer gained 3.2%, while PTC shares surged roughly 34% in pre-market trading on bets the $205-per-share cash offer closes without a rival bid. Autodesk, the closest U.S.-listed peer in engineering and product-lifecycle software, was up around 1.6% to approximately $215.50 in pre-market trade. Schneider expects to fund the deal through a combination of equity issuance and new debt, with the transaction targeted to close in the third quarter of 2027 pending regulatory and shareholder approvals, and projects €250 million in annual run-rate cost synergies by year three plus roughly €800 million in revenue synergies, compressing the effective EBITA acquisition multiple from 21x to 13x on 2027 estimates. The enterprise value implied by the deal is $23.7 billion.
PTC · Capital · Positive Schneider agreed an all-cash $22.6B offer for PTC at a 42.3% premium, sending PTC shares up ~34% pre-market.
SU.PA · Capital · Positive Schneider is making the $22.6B all-cash acquisition, funded via equity issuance and new debt, with projected cost and revenue synergies.
Tisco says Thai stocks are becoming attractive, sets SET target at 1,660 points as listed-company profits hit new highs
Tisco Securities sees Thai stocks entering a recovery phase, with listed-company profits in the second quarter of 2026 setting record highs in revenue, net profit and EBITDA, while valuations remain attractive. Excluding DELTA, the Thai stock market trades at a 12-month forward PER of just 11.8 times, and about 60% of Thai listed companies still trade below their book value. The Thai market also offers an average dividend yield of around 3.9%, higher than the regional average of about 3.4%. Apichat Poobanjerdkul, senior director of the strategic analysis department at Tisco Securities, said the Thai economy and stock market are entering a period of stronger fundamentals, driven by private-sector investment, the AI and data center investment cycle, and continued growth in electronic component exports. He added that there is also long-term upside from large-scale infrastructure investment, especially the PDP 2026 power development plan, which is expected to involve investment worth as much as 2 to 3 trillion baht and is initially expected to add no less than 0.5% per year to GDP growth, making it the most important structural positive factor for Thailand in several decades. Tisco Securities assesses key support levels at 1,560 to 1,580 points and 1,540 points, with resistance at 1,610, 1,630 and 1,660 points respectively. It recommends gradually accumulating during market weakness, and its top picks for October are BH, DELTA, KBANK, PTTEP, SJWD, TRUE and TVO.
Bitcoin Nears First 50-100-200 Day Moving Average Crossover Since 2025
Bitcoin is approaching a major bullish signal, with its 50-day, 100-day and 200-day simple moving averages just one crossover away from a fully bullish alignment, which would be the first since 2025. The 50-day average currently sits at 79,495 dollars, clearly above the other two, while the 100-day average at 79,493 dollars is rising and close to overtaking the 200-day average at 79,539 dollars. Vikram Subburaj, CEO of the Indian exchange Giottus, told CoinDesk that the crossover would restore the ordering of the averages for the first time since the previous alignment on June 24, 2025, when Bitcoin surged more than 40% to 87,000 dollars in the third quarter before stalling around 85,000 dollars amid a rising US dollar index. Historically, such alignments have led to major rallies, such as on October 27, 2020, when prices traded around 13,600 dollars and climbed to more than 64,000 dollars in May 2021, while the June 2025 alignment lasted 97 days but lifted prices only from about 106,000 dollars to 112,000 dollars. Subburaj said the crossover reinforces the trend case but does not guarantee continuation, and the real test is whether Bitcoin's spot price can hold above the 50-day average during a corrective pullback.
BTC · · Positive Bitcoin is nearing a bullish 50/100/200-day moving average crossover, a technical signal historically followed by rallies, though the article notes it does not guarantee continuation.
S&P 500 Futures Rise 0.7% as September Payrolls Slow to 29,000
E-mini S&P 500 futures climbed about 0.7% as investors weighed cooler job growth against firmer factory and price signals. The September non-farm payrolls report showed only 29,000 new jobs and unemployment at 4.2%, with annual wage growth at 3%, while the ISM Manufacturing PMI stood at 54.5 and the S&P Global manufacturing gauge at 55.9, both pointing to busy factories and rising costs tied to tariffs and Middle East conflict. Among individual movers, Teradyne jumped 8.00% on upbeat AI data center and HDD supply commentary, Hewlett Packard Enterprise rose 7.36% after analysts raised targets on a bullish networking event and Helios AI order, and Space Exploration Technologies gained 7.35% on Starship cadence, Grok pricing and large AI compute deals. Western Digital fell 10.22% and Seagate Technology Holdings declined 10.21% after Toshiba outlined plans to nearly double AI data center HDD capacity, while Accenture slipped 6.31% as investors locked in gains after a sharp post-earnings rally. On the radar this week are the ISM Services PMI on Monday, Constellation Brands earnings on Tuesday, a Fed Williams speech on Tuesday, FOMC Minutes on Wednesday and Initial Jobless Claims on Thursday.
