TradingKey

TradingKey - On October 20, Japanese and South Korean stock markets closed lower across the board, with South Korean stocks experiencing a more pronounced decline. Japan's Nikkei 225 Index closed down 1.30% at 64,075.37 points, while South Korea's KOSPI Index tumbled 3.73% to 5,552.75 points, briefly dipping below the 5,500-point mark intraday.

Based on fundamentals, lock-up expiration pressures, and technical factors, the likelihood of SpaceX's stock price reaching $1,000 next year is extremely slim.

TradingKey - On October 20, international oil prices remained elevated, with Brent crude (UKOIL) breaching the $110 mark intraday to hit a near five-month high. Continued market focus on security risks to Middle East energy infrastructure and shipping supported crude oil prices above $100.

TradingKey - The union at Micron Technology's (MU) Taoyuan plant in Taiwan plans to launch a solidarity strike on October 22 to support the Taichung plant union, which is currently undergoing labor mediation with the company, and to demand that Micron present a concrete employee profit-sharing plan.

TradingKey - OpenAI is accelerating a new funding round, hoping to lock in institutional capital ahead of competitor Anthropic's expected listing in mid-November.

TradingKey - Solidigm, the enterprise storage subsidiary of SK Hynix (SKHY), is preparing for a U.S. IPO, but the listing plan has sparked concerns among parent company shareholders regarding equity dilution and valuation discounts.

TradingKey - Nvidia (NVDA)-backed data center developer Nscale is in talks with Anthropic over a compute supply agreement worth approximately $45 billion, with plans to expand the Monarch data center campus in West Virginia, U.S., for Anthropic.

TradingKey - U.S. stocks rebounded on Monday, October 19, following a sharp sell-off in AI infrastructure stocks last week, lifting the Nasdaq Composite and S&P 500.

Zions Bancorporation’s Q3 2026 earnings rose year over year as credit costs declined, while management projected 8% to 12% net interest income growth through Q3 2027.

TradingKey - On October 20, Japanese and South Korean stock markets both opened lower in morning trading, with South Korean stocks extending their decline. The South Korea Composite Stock Price Index (KOSPI) opened 0.60% lower at 5,733.57 points, later widening its drop to 2.20% at 5,641.21 points; Japan's Nikkei 225 Index (N225) opened 0.25% lower at 64,755.49 points, subsequently falling 0.77% to 64,415.21 points.

Fifth Third Bancorp reported stronger sequential Q3 2026 adjusted earnings, completed Comerica systems integration and outlined growth and expense expectations for Q4.

Cleveland-Cliffs posted three-year highs in Q3 2026 revenue and adjusted EBITDA, supported by higher steel prices, shipments and lower unit costs.

Dynex Capital reported a -11.5% Q3 2026 total economic return and lower book value, while EAD and its Agency mortgage portfolio increased.

Zions Bancorporation Q3 2026 earnings call: EPS rose 20% to $1.78, deposits grew 8.8% annualized, and management guided to 8%-12% NII growth.

ServisFirst Bancshares Q3 2026 earnings call: EPS reached $0.80, loans rose to $14.7 billion, core margin expanded, and management outlined further NIM upside.

W. R. Berkley’s Q3 2026 earnings call covered record $296 million underwriting profit, an 88.1% ex-cat combined ratio and its insurance growth outlook.

VinFast Q2 2026 earnings call: revenue rose 85.5% to $1.2 billion and EV deliveries surged, while losses, liquidity and the 300,000-unit target stayed in focus.

FNB’s Q3 2026 earnings featured record net interest income of $376.5 million, up 4.8% year over year, and diluted EPS of $0.43 versus $0.41. Net income rose 2.2% to $152.9 million, while FTE net interest margin expanded four basis points to 3.29%. Loan and deposit growth supported the quarter, and lower provisions helped offset a 5.7% decline in non-interest income and a 5.5% increase in non-interest expense. Credit losses remained contained, although total delinquency increased to 0.75%. Tangible book value per share rose 7.0% to $12.28.

Zions Bancorporation (ZION) reported Q3 2026 net earnings applicable to common shareholders of $262 million, up from $221 million, while diluted EPS increased 20% to $1.78. Net loan charge-offs fell to $3 million from $56 million and were the primary earnings driver. Loans were flat from Q2 as faster payoffs and competition offset new activity, while customer deposits grew at a rate of nearly 10% annualized. Management expects higher rates to support net interest income and sees continued improvement in noninterest income.

On October 19 ET, following last week's sell-off in AI infrastructure stocks, tech shares rebounded on Monday, driving the Nasdaq and the S&P 500 higher. Memory stocks led the gains, while chipmakers such as Intel and AMD also recovered. At the close, the Dow Jones Industrial Average fell 0.07% to 51,966.03; the Nasdaq Composite Index gained 1.11% to 26,430.89; and the S&P 500 Index rose 0.41% to 7,690.73.