Analysis

TradingKey - Coinbase stock forecast: COIN fell 10.6% to test $139.33 support after the record Binance hack and a 44% drop in Q3 transaction revenue.

TradingKey - Advanced Micro Devices (AMD) will release its third-quarter 2026 financial results after the US market close on November 3, Eastern Time, and host an earnings conference call at 5:00 p.m. ET on the same day.

TradingKey - Palantir (PLTR) will report its third-quarter fiscal 2026 financial results after the market close on November 2, US Eastern Time, and hold a conference call at 17:00 on the same day.

Asian equities diverged between Japan and South Korea, as the KOSPI staged a major comeback to close up 2.24%, while Kioxia plummeted 15.78%, weighing on the Nikkei 225 Index.

TradingKey - Apple (AAPL) will report its fourth-quarter fiscal 2026 financial results after the US market close on November 2, Eastern Time, and host an earnings call at 5:00 p.m. ET. This is not only a critical window for the market to evaluate iPhone demand and profit margins, but also marks the first time John Ternus will host Apple's earnings call after taking over as chief executive officer.

WTI crude oil plunged nearly 2% as the U.S. and Iran plan to resume negotiations to ease geopolitical tensions, with technicals pointing to a potential deep correction of 20%.

Heavy selling pressure breached Kioxia's support levels, sending its stock price down more than 15% in a single day to hit a new low since May of this year.

As the U.S. midterm elections approach, the three major U.S. stock indexes and the Philadelphia Semiconductor Index collectively suffered a sharp decline.

As the US midterm elections enter the final countdown, Japanese and South Korean stock markets opened lower on risk aversion, with Samsung falling below the 220,000 mark and Kioxia tumbling 12%, while the market remains in wait-and-see mode for a post-election rebound.

TradingKey - Shopify stock forecast: SHOP holds above C$223.55 support before Tuesday's Q3 report, as AI checkout deals and an 87x valuation raise the bar.

TradingKey - AMD stock forecast: AMD fell about 9% premarket on Friday after Intel's PC warning, putting $513 trendline support in focus before Tuesday's Q3 report.

TradingKey - For the week of November 2 to 6, Eastern Time, the US stock market will see the 2026 US midterm elections and the October non-farm payrolls report.

TradingKey - Anthropic, the developer of Claude, filed an S-1 registration statement with the U.S. Securities and Exchange Commission on October 26, planning to list on the Nasdaq under the ticker symbol "ANT." The market expects the artificial intelligence company could reach a valuation of $1.5 trillion to $2 trillion and raise up to approximately $100 billion, potentially making it one of the largest IPOs globally.

TradingKey - As of the close on October 29 Eastern Time, CoreWeave (CRWV) continued its recent weakness, with shares falling 4.99% to close at $60.74 after hitting an intraday low of $60.11. In after-hours trading, the stock slipped further to around $57. Since late September, CoreWeave's share price has steadily retreated from above $80, briefly touching a new year-to-date low of $51.24 on October 26.

Although BTC could potentially retest its low and drop back to near $57,000 in November, the resolution of uncertainties—especially if the Clarity Act is approved—will quickly attract sidelined capital back into risk assets. This makes a Bitcoin breakthrough above $100,000 highly probable, though the timing is more likely to fall between mid-to-late November and the end of December, rather than on the November 3 voting day itself.

On October 25, U.S. local time, Elon Musk stated that the debt market is tightening financing for companies lacking revenue streams outside of AI data centers, predicting widespread consolidation and corporate failures across the emerging AI cloud (Neocloud) industry. This assessment shifts market focus from the growth in compute demand to the funding and return on investment supporting this wave of expansion.

TradingKey - Artificial intelligence company Anthropic filed an IPO registration statement with the U.S. Securities and Exchange Commission (SEC) on October 26, 2026, planning to list on Nasdaq under the proposed ticker symbol "ANT".

TradingKey - Palantir stock forecast: PLTR holds $186.49 support before Monday's Q3 report, as investors look for another guidance raise to justify its valuation.

TradingKey - Apple stock forecast: AAPL sits near its record before Monday's earnings, as iPhone Duo demand and memory costs decide whether $352.04 resistance breaks.

TradingKey - As the US midterm elections approach, investors are seeking clues about the next direction of the US stock market while monitoring the election results and their potential impact on economic policy. Although the S&P 500 Index remains near all-time highs, semiconductor and popular AI stocks have recently undergone a noticeable pullback, as market concerns over elevated valuations, returns on AI capital expenditure, and the interest rate outlook have yet to abate.