Analysis

TradingKey - On October 29, Eli Lilly (LLY) reported third-quarter results that beat market expectations and raised its full-year revenue guidance once again. Driven by sustained growth in demand for Mounjaro and Zepbound, the company's quarterly revenue reached $24.397 billion, up 39% year-over-year and significantly above Wall Street's forecast of approximately $22.6 billion. Following the announcement, Eli Lilly's stock rose more than 5% in pre-market trading.

TradingKey - In pre-market trading on October 29 ET, the three major US stock index futures collectively weakened. As of press time, Dow futures were down slightly by about 0.08%, S&P 500 futures fell approximately 0.28%, and Nasdaq 100 futures dropped around 1%.

TradingKey - Fortinet stock forecast: FTNT points to a gap near $129 after Q3, as fading price-hike support and margin pressure overshadow a beat, with $143.99 resistance.

TradingKey - On October 29, US cloud computing service provider stocks generally weakened in pre-market trading, with ServiceNow (NOW) falling nearly 19% and Alphabet (GOOGL) dropping over 10%.

TradingKey - On October 28, Eastern Time, Reuters cited people familiar with the matter as saying that Marvell Technology (MRVL) is in advanced acquisition talks with optical communications equipment maker Lumentum Holdings (LITE). A deal could be announced as early as next week, though a final agreement has not yet been reached.

TradingKey - Microsoft stock forecast: MSFT jumps about 4% overnight to test $546.35 resistance after Azure grew 48% and free cash flow more than doubled estimates.

TradingKey - Alphabet stock forecast: GOOGL falls about 10% after hours as a Q3 double miss and negative free cash flow outweigh Google Cloud's 103% growth.

TradingKey - In pre-market trading on Thursday, October 29 (EDT), memory stocks pulled back across the board following a sharp rebound in the previous session. The pre-market decline in the memory sector was driven by Samsung Electronics' latest earnings report failing to meet high market expectations. The company's stock price reversed early gains to drop over 6% at one point, dampening sentiment across global memory stocks.

TradingKey - Kioxia Holdings will announce its second-quarter FY2026 financial results at 18:45 Tokyo time on October 30. As of the close on October 29, Kioxia's stock price stood at 14,505 yen (approximately $91.8), up 1.15%.

TradingKey - Oracle (ORCL) closed up 10.73% on Wednesday at $144.54, marking its largest single-day gain since May. The stock's rebound was primarily driven by the company's announcement of more aggressive long-term financial targets and a clear timeline for turning free cash flow positive during its Investor Day.

TradingKey - On Thursday (October 29), gold prices (XAUUSD) continued to pull back after the Federal Reserve announced its latest interest rate decision. As of the Asian trading session on October 29, gold was trading lower near $4,025, down approximately 1% on the day. Although the Fed held interest rates unchanged as expected, market participants remained cautious about the U.S. inflation outlook. Today's upcoming release of the September PCE data may determine the short-term direction for gold.

Japanese and South Korean markets diverged at elevated levels, with Japan outperforming and South Korea underperforming. Samsung plunged 4% in a sell-the-news reaction, sending the KOSPI below the 6,000-point mark, while the Nikkei extended its strong rally to a fourth straight session.

TradingKey - According to Bloomberg, chip designer Marvell Technology (MRVL) is in advanced talks to acquire optical component supplier Lumentum Holdings (LITE), with a deal potentially announced as early as next week. However, the parties have not yet signed a definitive agreement, and the transaction price, payment structure, and timeline remain subject to change.

TradingKey - On October 28, Eastern Time, ServiceNow (NOW) shares plunged more than 18% in after-hours trading following the release of its third-quarter financial results.

TradingKey - On October 29, following the Federal Reserve's October decision, Bitcoin (BTC) prices weakened once again. As of today's Asian trading session, Bitcoin broke below the $80,000 mark again, pulling back steadily from around $81,300 to an intraday low of approximately $79,700, with intraday losses briefly approaching 2%. Bitcoin had previously rebounded for two consecutive trading sessions but failed to effectively break above $82,000, leaving the $80,000 level as a key short-term battleground once again.

Although Marvell's acquisition of Lumentum remains unconfirmed, a surge in buying pressure sent Lumentum soaring 15%, briefly breaching the $1,000 mark.

TradingKey - On October 29, Microsoft (MSFT) shares moved significantly higher in after-hours trading following the release of its earnings report. Microsoft's stock closed at $531.01 on October 28, down a slight 0.06%, but surged over 3% post-market after the earnings announcement, briefly approaching $550 and coming within striking distance of its all-time high of $555.45.

Alphabet's financial results missed expectations, causing its stock price to plunge 10% and setting up a critical make-or-break battle to defend the $270 level on the technical front.

TradingKey - On October 29, Samsung Electronics released its Q3 2026 financial results. Driven by growing demand for AI chips and memory, the company's quarterly operating profit reached a record high.

The Federal Reserve held rates steady as expected, driving a strong rebound in crypto assets, with Bitcoin returning to $81,000.