Analysis

As Johnson & Johnson is set to release its earnings report, market expectations of steady revenue fail to conceal profit pressures, yet Wall Street remains generally bullish on its stock.

TradingKey - According to a report by The Information, Anthropic has entered into a multi-year cloud services agreement with IREN (IREN). While the two companies have not yet officially disclosed the contract value, compute capacity, or specific duration, the report indicates that the deal is part of Anthropic's recent large-scale expansion of AI computing resources. Following the news, IREN's stock rose more than 5% at one point in pre-market trading as of October 12, Eastern Time.

TradingKey - Tesla heads into October 21 earnings with stronger Q3 deliveries, rebounding China and Europe sales, rising AI spending and $384.59 resistance in focus.

TradingKey - On Monday, October 12, Eastern Time, futures tied to the three major U.S. stock indexes were mixed in pre-market trading. Trading was relatively subdued due to the Columbus Day holiday, as investors awaited earnings reports from major banks this week and the U.S. September CPI data. Meanwhile, tensions in the Middle East and shipping risks in the Strait of Hormuz pushed oil prices higher again, capping risk appetite for tech stocks.

TradingKey - SpaceX expands Starlink Mobile with an $8 billion spectrum deal while Starlink growth and a $40 billion AI-financing plan raise the stakes for SPCX.

Micron Technology fell over 2% in pre-market trading, approaching $1,000. Can the bulls hold this key level?

TradingKey - On October 12, US memory stocks generally weakened in pre-market trading. After Chinese memory chipmaker ChangXin Memory Technologies (CXMT) announced its R&D progress in next-generation DRAM technology, the market refocused on the global memory industry's competitive landscape, while memory stocks that had previously surged continued to face profit-taking.

As Evernorth, a treasury firm within the XRP ecosystem, prepares to open for trading, can the price of XRP build on its momentum?

TradingKey - Goldman Sachs Group (GS) will report its third-quarter 2026 financial results at 7:30 a.m. ET on October 13, followed by an earnings call at 9:30 a.m.

TradingKey - As of last Friday (October 9) Eastern Time, Amazon (AMZN) closed at $262.43, up 3.29%, after touching an intraday high of $262.80 to set a recent high. Subsequent reports indicated that the company is in talks to acquire AI startup Decart for approximately $7 billion. Against the backdrop of the stock price having just broken through the technical level of $260, this potential transaction has further heightened market focus on the expansion of AWS's AI infrastructure and proprietary chip ecosystem, which may continue to support further upside in the stock price.

NEAR surged over 10% again today, extending its year-to-date gains to 285%.

TradingKey - ASML (ASML) will report its third-quarter fiscal 2026 financial results on October 14. As a key global supplier of extreme ultraviolet (EUV) lithography equipment, the company is benefiting from demand for advanced chips driven by the expansion of artificial intelligence infrastructure.

TradingKey - On Monday, October 12 (ET), the New York Stock Exchange and Nasdaq will operate with normal trading hours and will not close early. Regular trading hours are from 9:30 to 16:00. SIFMA recommends a full-day closure for related bond trading, and certain payment services will also follow holiday schedules.

TradingKey - As of the Asian session on October 12, gold prices (XAUUSD) consolidated at elevated levels following a sharp rebound last week. As of press time, gold edged down 0.2%, trading near $4,185, after touching an intraday high of $4,217.22, its highest level since October 2. Gold had dropped to near $4,066 last week before quickly recovering, improving its short-term momentum.

TradingKey - On October 12, South Korean stocks fell sharply, with the benchmark KOSPI Index closing down 3.65% at 6,384.25 points, falling below the key 6,400-point mark. Japanese stock markets were closed today for a public holiday.

Bitcoin extended its winning streak to a fourth consecutive session, decisively breaking past $84,000, with potential for a further $3,000 gain.

TradingKey - According to South Korean semiconductor media outlet The Elec, citing industry sources, ASML will raise the prices of replacement parts for EUV and DUV lithography equipment supplied to the South Korean market by a flat 10%, with the new pricing taking effect for parts delivered starting January 2027. Procurement departments at Samsung Electronics and SK Hynix have accepted the price increase, though the report did not disclose procurement amounts or specific contract terms.

Anthropic signed a cloud services agreement with IREN, sending IREN's stock price surging nearly 9% on the positive news.

TradingKey - On October 12, South Korean memory chip stocks fell significantly in intraday trading. As of press time, Samsung Electronics (005930.KS) dropped by as much as around 4.1% to 252,500 won, while SK Hynix (000660.KS) fell by as much as about 4.01% to 1,624,000 won. Chinese DRAM manufacturer ChangXin Memory Technologies (CXMT) announced R&D progress on next-generation memory technology, further fueling market concerns over intensifying competition in the global DRAM industry.

TradingKey - On October 12, gold (XAUUSD) prices rose slightly, continuing to hold above $4,200 per ounce. In the previous week, gold gained a cumulative 1.3%. A retreat in oil prices and a decline in long-term U.S. Treasury yields eased some market concerns over further interest rate hikes, providing support for gold.