TradingKey

On October 23, Eastern Time, cybersecurity stocks extended their recent gains, with Palo Alto Networks (PANW) rising 6.59%, Okta (OKTA) gaining 6.26%, Cloudflare (NET) climbing 6.02%, CrowdStrike (CRWD) advancing 6.00%, Datadog (DDOG) rising 5.00%, and Zscaler (ZS) gaining 4.93%.

• Newmont reported third-quarter financial results that topped Wall Street consensus estimates. • Heightened cost inflation and near-term operating challenges caused downward stock volatility. • Technical indicators show a MACD sell signal and an oversold Williams %R.

• Cloudflare gained momentum from cybersecurity strengths and artificial intelligence infrastructure demand. • Wall Street analysts raised price targets ahead of the quarterly report. • The stock exhibits neutral technical indicators and elevated valuation metrics.

• American Express shares fell despite third-quarter adjusted earnings per share beating expectations. • Card member spending decelerated while operating expenses and regulatory reserve charges increased. • Management announced a five percent global headcount reduction to curb cost inflation.

• SLB reported third-quarter 2026 revenue and earnings beating Wall Street expectations. • Growth was driven by international offshore activity and Data Center Solutions expansion. • Strong free cash flow supported share repurchases and maintained dividend payouts.

• Bloom Energy reported third-quarter revenue and earnings beating consensus estimates. • Operating cash flow turned negative due to increased capital expenditures. • Technical indicators show a MACD sell signal and oversold conditions.

Elon Musk revealed during SpaceX's (SPCX) third-quarter earnings call that SpaceX and Tesla (TSLA) have each established special committees composed of independent directors to discuss a potential merger.

• Rising crude oil futures and Middle East tensions fueled share price momentum. • Analysts raised earnings estimates ahead of the scheduled third-quarter financial results. • Technical indicators show a buy signal with the RSI at 76.562.

• CrowdStrike gained momentum driven by institutional interest in its expanded NVIDIA partnership. • Wall Street firms raised price targets amid positive customer feedback and industry tailwinds. • The stock reported an annual revenue of $4.81B and a net profit of $-162.50M.

• Micron shares rebounded due to dip-buying and strong enterprise memory demand. • Fiscal performance shows record revenue, expanding margins, and secured multi-year agreements. • Technical indicators show a sell MACD signal and an oversold Williams %R.

• Palo Alto Networks reported annual revenue of $11.48B with a net profit of $307.00M. • Analysts issued multiple Buy ratings with an average price target of $400.15. • Technical indicators show a MACD value of -10.676 and an RSI of 48.237.

• Verizon stock declined due to competitive pressures, peer revenue concerns, and earnings caution. • SpaceX acquiring low-band spectrum introduced structural long-term threats to traditional wireless carriers. • Verizon reports $138.19B annual revenue while analysts maintain an average price target.

• AT&T beat revenue and adjusted earnings expectations while raising its annual forecast. • Non-cash impairment charges and spectrum acquisitions increased net debt and leverage. • High leverage delayed deleveraging targets to 2029, pressuring the stock despite strong cash flow.

• GE Aerospace exceeded third-quarter earnings estimates and raised its full-year guidance. • Lower quarterly free cash flow and supply chain constraints tempered investor enthusiasm. • Technical indicators like MACD and RSI signaled a sell condition for GE.

• Equinor expects third-quarter profits to exceed standard guidance thresholds. • Capital allocation discipline and share repurchases support equity valuation. • The company reports annual revenue of $105.83B and net profit of $5.04B.

• Accenture shares declined due to profit-taking following a strong multi-week rally. • Baird downgraded Accenture to neutral due to valuation concerns after recent gains. • Technical indicators show an overbought condition despite strong fundamental performance.

• T-Mobile shares dropped due to competitive anxiety from SpaceX entering terrestrial infrastructure. • Investors exercised caution ahead of third-quarter earnings regarding subscriber churn and margins. • Analysts trimmed price targets while technical indicators displayed neutral to sell conditions.

TradingKey - On October 23, international oil prices extended their gains as Brent crude (UKOIL) futures rose to $115 per barrel in intraday trading, hitting a five-month high. The ongoing deterioration of the security situation in the Middle East has led the market to reassess potential disruptions to crude oil production, transportation, and exports, driving up the supply risk premium.

TradingKey - Micron Technology (MU) launched a global quarterly profit-sharing plan, but the union at its Taoyuan plant in Taiwan still rejects the company's proposal.

TradingKey - On Friday (October 23) Eastern Time, SpaceX (SPCX) rose over 2% in pre-market trading to near $148. Earlier, Bloomberg reported that the company is seeking access to at least 80,000 cellular sites in the U.S., aiming to integrate Starlink satellites, wireless spectrum, and ground base stations into a nationwide mobile communications network.