Opening Recap
Market Pulse: Tech led US equities on Friday, with high-flyers in genomics and online gaming driving a broad risk rally.
Key Movers: Illumina surged nearly 25% after crushing estimates (Jumps 24.8% on Earnings Beat, Biztoc.com), Rush Street Interactive beat forecasts (Earnings Beat: Rush Street Interactive…, Yahoo Entertainment), and Amazon soared while Apple paused (Earnings live: Amazon stock soars…, Yahoo Entertainment).
Macro & Politics: Senator Cruz plans to unveil the Anti-Censorship JAWBONE Act next week, rattling social-media names, as the Trump administration renews its legal push against former USPTO director Perlmutter (Other Barks & Bites…, IPWatchdog.com).
What’s Next: Watch this week’s AI-centric reports across semiconductors, cloud services and biotech for fresh catalysts.
Market Commentary
Everyone’s focusing on the Illumina rocket ride in “Jumps 24.8% on Earnings Beat” (Biztoc.com), but they’re missing the crypto time bomb. With Ethereum funding rates flipping negative (“Ethereum Funding Rate Turns Red: Short Squeeze Brewing?”, Bitcoinist), crowded shorts could torch portfolios in a matter of hours if sentiment shifts. That’s a wake-up call for anyone who thinks digital assets are parked risk.
Meanwhile, Microsoft’s plan to hire more with “a lot more leverage” (Microsoft plans to hire more…, CNBC) looks bold, but it collides with Core Scientific shareholders nixing a $9B Nvidia-backed AI deal (“Texas company shareholders reject $9B acquisition…”, TheStreet). One side is beefing up with AI muscle, the other is scaring investors out of an AI playbook. That mismatch is your next unspoken thesis on sector rotations.
Action time: lean into names with proven AI moats—Illumina crushed it, and Microsoft just got a Morgan Stanley bump (“Morgan Stanley Turns More Bullish on Microsoft…”, Yahoo Entertainment). Stay light on crowded crypto shorts, and hedge social-media stakes until the JAWBONE Act clarity lands. Trade on real results, not hype.
📈 Breaking Financial News
Jumps 24.8% on Earnings Beat
We recently published 10 Firms Dominating the Market; 5 at All-Time Highs. Illumina, Inc. (NASDAQ:ILMN) is one of the best-performing stocks on Friday. Illumina rallied for a second day on Friday, climbing 24.78 percent to close at $123.54 apiece after beating estimates…
Illumina (ILMN) Jumps 24.8% on Earnings Beat
We recently published 10 Firms Dominating the Market; 5 at All-Time Highs. Illumina, Inc. (NASDAQ:ILMN) is one of the best-performing stocks on Friday…
Earnings Beat: Rush Street Interactive, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Rush Street Interactive, Inc. ( NYSE:RSI ) just released its quarterly report and things are looking bullish. The…
Ethereum Funding Rate Turns Red: Short Squeeze Brewing?
Data shows the Ethereum Funding Rate has declined into the negative zone. Here’s what has usually followed this trend in the last two months. Ethereum Funding Rate Suggests Traders Are Now Bearish As explained by analytics firm Santiment in a new post on X, s…
Morgan Stanley Turns More Bullish on Microsoft (MSFT) After Earnings Beat
Microsoft Corporation (NASDAQ:MSFT) is one of the AI Stocks in the Spotlight This Week. On October 30, Morgan Stanley reiterated the stock as “Overweight…
White House Insider Buck Sexton: “Trump's Next Move Will Shock the World”
Dramatically increase U.S. power… and trigger a massive American market boom the likes of which we haven't seen in 75 years. Get the details here now.
🔍 Market Analysis & Insights
Texas company shareholders reject $9B acquisition by Nvidia-backed AI firm
Shareholders of the Austin, Texas-based Bitcoin (BTC) mining company Core Scientific (Nasdaq: CORZ) have rejected a $9 billion merger deal with the AI cloud …
Microsoft plans to hire more but with ‘a lot more leverage' thanks to AI, CEO Satya Nadella says
The company wants to ensure that all of its employees can access its Microsoft 365 and GitHub Copilot artificial intelligence tools, CEO Satya Nadella said.
The Bull Case For Weyerhaeuser (WY) Could Change Following Earnings Surge and Portfolio Shifts—Learn Why
Weyerhaeuser Company recently reported third-quarter 2025 results, posting net income of US$80 million compared to US$28 million a year prior, alongside…
Alphabet, Meta and Amazon poured $380 billion into AI — but not everyone is winning from the spend
Major tech firms Alphabet, Meta, Microsoft, and Amazon are boosting AI investments, projecting capital expenditures to exceed $380 billion this year. While Amazon and Alphabet saw stock gains, Meta's shares dropped amid concerns over its AI revenue potential …
Jim Cramer makes the case for buying Hershey stock
CNBC's Jim Cramer says Hershey could be doing better under new management.
Top Secret Facility in the New Mexico Desert…
Inside, scientists aren't studying weapons or viruses-they're exploring a far more alien technology that could change how wars are fought. This new technology could be unleashed as soon as October 14th. Once you see it for yourself, you'll understand the urgency. Click here now to discover more.
💰 Investment Opportunities
Stock Market Week Ahead: October Marks A 7-Year Best For The Nasdaq
After the Nasdaq sets a seven-year stock market record, a slew of high flying stocks report in the coming week. Plus a bonus day from Tesla.
Earnings live: Amazon stock soars, Apple pares gains with earnings from AI players to come
Third quarter earnings season is ramping up, and analysts expect S&P 500 companies grew their profits by 8% during the quarter.
Other Barks & Bites for Friday, October 31: Senator Cruz to Introduce Anti-Censorship JAWBONE Act; USPTO Director Institution Decisions Will Be Short; and Trump Admin Fights to Push Perlmutter Out of Copyright Post Again
This week on Other Barks & Bites: Vice Chief Administrative Patent Judge for the Patent Trial and Appeal Board (PTAB) Michael Kim says institution issued by Director John Squires will be a “thumbs up or down”; the Federal Circuit clarifies the meaning of “by …
ExxonMobil Beats Q3 Earnings Estimates, Boosts Dividend Again
XOM tops Q3 earnings estimates on higher production and gas prices, but revenue and oil realizations fall short.
30 Million Ounces of Gold Just Moved to the U.S.
And It's Not a Coincidence… A historic gold transfer is underway – and according to 20-year gold analyst Garrett Goggin, it's a clear signal the global monetary system is about to change. Central Banks are already buying at record pace. But Goggin says four tiny miners are positioned for the biggest upside – with 100X potential as this “Golden Anomaly” unfolds. Click here to get all four picks before the window closes.