TradingKey

TradingKey - In the upcoming week (October 19 to October 23), the US market will shift its focus from this week's inflation data to the third-quarter earnings season and economic growth data. US September CPI released this week rose 3.7% year-on-year, while PPI climbed 1.3% month-on-month, marking the largest single-month gain since March 2022; September retail sales grew 0.8% month-on-month and 6.3% year-on-year, indicating that while inflationary pressures remain elevated, US consumer spending maintains a degree of resilience.

TradingKey - Netflix (NFLX) will report its third-quarter 2026 financial results after the US market close on October 20. With the company's stock price currently hovering around $70 and investor sentiment turning noticeably cautious, this earnings report could serve as a critical turning point for its short-term trajectory.

TradingKey - The U.S. memory sector has continued to pull back recently, with Micron Technology (MU), SanDisk (SNDK), Seagate (STX), and Western Digital (WDC) all recording notable declines. As of October 14 Eastern Time, Micron dropped 4.1%, marking its fifth consecutive trading session of losses, while the Philadelphia Semiconductor Index fell for the sixth straight trading day. The recent pressure stems partly from profit-taking following prior strong gains, and partly from progress made by Chinese memory manufacturer ChangXin Memory Technologies (CXMT) in novel memory cell architectures, which has sparked market concerns over future capacity growth and intensified competition.

On October 13, Google expanded access to Gemini 4 Argon, making the model available to developers, enterprises, and select paid users via its API, the Gemini app, and Search AI Mode. With application scenarios covering specialized tasks such as coding, finance, and legal affairs, the move further broadens the commercialization channels for Google's AI technology.

TradingKey - JPMorgan (JPM) and Goldman Sachs (GS) both achieved year-over-year growth in revenue and profit for the third quarter.

TradingKey - TSMC stock forecast: TSM holds $412 support after a record Q3 beat and a raised 2026 outlook, as margin dilution and higher capex weigh on the shares.

TradingKey - General Motors stock forecast: GM coils below $84.62 triangle resistance into Tuesday's Q3 report, where a third guidance raise could trigger a breakout.

Goldman Sachs' stock price pulled back to $780 from January to March due to delayed rate cuts and FICC headwinds, but surged to an all-time high of $1,154 between April and July, driven by a recovery in M&A and investment banking activity. From August to September, it retested $880–$900 amid a compression of valuation froth and spillover effects from peer warnings, including those from Bank of America. Currently, investment banks' price targets are generally bullish, though opinions remain divided on whether the stock will reach new highs.

TradingKey - The current US bull market has marked its fourth anniversary. Since the S&P 500 Index fell to a low of 3,577 on October 12, 2022, the index has gained approximately 118% cumulatively. As the bull market enters its fifth year, with US Treasury yields approaching multi-decade highs and inflationary pressures persisting, the market is beginning to reassess the remaining upside potential for US equities.

TradingKey - As of Friday (October 16), Bitcoin (BTC) maintained a range-bound trend following a sharp drop on Thursday, with the latest price trading around $82,300. Previously, BTC dipped to near $79,700 on October 15, hitting a nearly four-week low, before quickly rebounding above $82,000. However, the current price remains below the level of around $84,000 seen at the beginning of the week, indicating that short-term correction pressure has not yet been fully eliminated.

• Hotter United States inflation data triggered macroeconomic risk-off sentiment and capital outflows. • Technical weakness below key support levels triggered automated stop-loss orders and liquidations. • Binance realigned toward core exchange development while market participants prioritized risk mitigation.

• Solana's pullback stems from macroeconomic headwinds, tightening liquidity, and institutional risk reduction. • Derivatives positioning and long liquidations amplified intraday downward price pressure. • Core network metrics remain resilient despite negative institutional flows and technical indicators.

• Ethereum declined due to hawkish Federal Reserve policies and higher U.S. Treasury yields. • Spot Ethereum exchange-traded funds experienced consecutive net outflows, weakening institutional demand. • Technical indicators like MACD and Williams %R currently suggest a sell condition.

• XRP declined due to macro de-risking, persistent inflation, and rising yields. • Asset-specific fundamentals and stablecoin usage failed to provide spot demand support. • Derivatives deleveraging and technical sell stops accelerated intraday downward momentum.

AST SpaceMobile (ASTS) shares dropped sharply recently following news of SpaceX's acquisition of low-band spectrum resources. However, Deutsche Bank believes the market has overreacted to changes in the competitive landscape, arguing that the current pullback presents a more attractive entry point for investors.

Cohen & Steers Q3 2026 earnings call: adjusted EPS rose to $0.89, net inflows reached $1.6 billion and the institutional pipeline grew to $1.9 billion.

On Friday, October 16, Eastern Time, U.S. stocks moved lower as technology and artificial intelligence (AI)-related shares extended their weekly decline. Investor concerns persisted regarding Chinese semiconductor competition and debt-fueled expansion in AI infrastructure, while rising oil prices also drew attention to the inflation outlook. Energy stocks bucked the trend to gain ground, partially mitigating the Dow's losses. At the close, the Dow Jones Industrial Average fell 0.34% to 52,002.41; the Nasdaq Composite Index dropped 2.14% to 26,140.03; and the S&P 500 Index declined 1.09% to 7,659.44.

• ASE Technology Holding experienced downward momentum amid a broader semiconductor equity pullback. • Third-quarter revenue grew year-over-year, driven by strong artificial intelligence chip demand. • Investors locked in profits, reflecting sell-the-news behavior near 52-week peak levels.

• Shell's share price rose due to rising global crude prices and geopolitical tensions. • Third-quarter earnings estimates improved due to higher refining margins and integrated gas production. • Ongoing share buybacks and strong technical indicators support positive investor sentiment and demand.

• TotalEnergies reported strong cash generation driven by European refining margins and LNG prices. • The company expanded US solar assets and maintained consistent share buyback programs. • Annual revenue reached $182.34B with net profit totaling $12.81B.