Analysis

TradingKey - Robinhood stock forecast: HOOD sits on $95.11 trendline support before Tuesday's Q3 report, as event contracts try to offset weaker crypto trading revenue.

TradingKey - During the week of October 26 to 30 (Eastern Time), the U.S. stock market will see major events including the Federal Reserve's October FOMC meeting, the preliminary U.S. third-quarter Gross Domestic Product (GDP) report, and the September personal income and outlays report.

TradingKey - Despite generally solid third-quarter results from major U.S. banks, bank stocks have continued to face sell-offs. The KBW Nasdaq Bank Index previously logged six consecutive weeks of decline, marking its longest weekly losing streak since the 2008 financial crisis. Although the index rebounded this week, it remains down about 11% from its August record high.

TradingKey — After the market close on October 21, Meta (META) released its third-quarter earnings report, showing that revenue beat expectations while its advertising business maintained double-digit growth. However, its stock plunged 6.98% on October 22 following the announcement. Why did the stock drop despite the revenue beat?

From a technical perspective, Tesla's stock price has broken below the 0.382 Fibonacci retracement level. The next line of defense is at the 0.236 Fibonacci level near $340, which also marks the lower boundary of the September–October consolidation range and represents a dense volume trading zone. However, if this support fails to hold, the stock will head downward to seek a second line of defense at the key psychological threshold of $300, which is also Tesla's year-to-date low.

CoreWeave (CRWV) holds over $100 billion in AI compute orders, but the massive financing required to fulfill them is becoming a central focus for the market. As investors reassess the capital requirements of AI infrastructure, CoreWeave has dropped more than 30% in October. However, technical indicators suggest the company could still face a further 16% downside risk.

TradingKey - The Federal Reserve will hold its Federal Open Market Committee (FOMC) meeting on October 27–28, Eastern Time. Inflationary pressures and shifts in the labor market have increased monetary policy uncertainty, with the market focused on whether the Fed will raise interest rates again and how subsequent policy signals will impact US stocks.

TradingKey - Microsoft stock forecast: MSFT pulls back from $546.35 resistance ahead of its October 28 earnings report, with Azure's 45% growth guide and capex in focus.

TradingKey - Alphabet stock forecast: GOOGL breaks below triangle support ahead of its October 28 report, as Cloud growth and capex decide whether $315.29 support holds.

TradingKey - Robotaxis are transitioning from technology testing to scaled operations, with Waymo, a subsidiary of Google's parent company Alphabet (GOOGL), and Tesla (TSLA) becoming the two most closely watched companies in the Robotaxi market.

TradingKey - As of October 22, silver prices (XAGUSD) plunged 5.82% on the day, touching an intraday low of $54.48 before closing at $54.57. This breached the key support level of $55, opening up deeper downside potential for silver. Inflation concerns stemming from rising international oil prices, alongside expectations of further Fed rate hikes by the end of the year, were the main factors weighing on silver prices.

From a technical analysis perspective, if the broader market continues to pull back amid short-term volatility, Apple's first line of defense sits at $320–$330, which serves as the midline of its high-level consolidation over the past three months and also represents the concentrated cost basis for long-term institutional capital and quantitative funds building positions ahead of the autumn launch event.

Micron Technology (MU) reiterated at a technical webinar that it sees no signs of memory supply and demand balancing over the next two years, while disclosing that HBM4 has entered the high-volume production phase. Additionally, Micron raised questions regarding the cost and future scalability of the 4F² DRAM architecture.

On Friday, October 23, Eastern Time, U.S. stocks delivered a mixed performance as the sell-off previously concentrated in tech stocks spread to other sectors. Consumer and healthcare stocks moved lower, while some chip stocks rebounded. Amid market concerns over a potential re-escalation of the U.S.-Iran conflict, WTI crude oil prices rose above $100 per barrel. At the close, the Dow Jones Industrial Average fell 1.23% to 52,215.16 points; the Nasdaq Composite Index slipped 0.21% to 25,955.34 points; and the S&P 500 Index dropped 0.52% to 7,623.68 points.

TradingKey - In October 2026, certain AI infrastructure-related stocks and bonds came under pressure, with shares of CoreWeave (CRWV) and Oracle (ORCL) facing a sell-off.

After Nokia (NOK) released its third-quarter earnings report on October 22, its share price briefly fell to $7.78, hitting its lowest level since early April of this year. Financial data showed that while the gradual conversion of Nokia's AI and cloud order backlog into revenue is supporting its optical communications business, Barclays believes the 2027 growth outlook for this segment has not exceeded expectations. Weakness in the traditional telecom equipment market could still weigh on overall performance, leading Barclays to maintain its "Underweight" rating.

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%.

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.

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.