The Weekend Rip
Happy Weekend!

Markets rode a rollercoaster this week. Trump softened China tariff threats, OpenAI deals stoked the AI bubble furnace, and record bank earnings met loan cockroaches.

📊 Next Week Prep: Big Tech earnings season begins. Watch Tesla, Netflix, and macro data for the next market catalyst.

Let's recap and prep you for the week ahead. 📝

◀️ Markets rebounded Monday as Trump walked back Friday’s China tariff threats, reviving hopes for a Xi meeting and sending tech, energy, and rare earth stocks higher. OpenAI inked a 10-gigawatt custom chip deal with Broadcom, fueling speculation around trillion-dollar AI infrastructure ambitions. Gold hit a record $4,078/oz, Bitcoin rose 3%, and Tesla climbed 5% on strong China sales. Nuclear and lithium names rallied on supply chain news, while big banks prepped for earnings with JPMorgan pledging $10B toward national security-linked investments. Volatility spiked, but sentiment turned bullish heading into Tuesday’s data and earnings barrage.

🌏️ Markets slipped Tuesday despite record-breaking bank earnings, as geopolitical tensions flared after China restricted business with U.S. subsidiaries of a major South Korean shipbuilder and Trump threatened a cooking oil embargo. AMD climbed on news of a 50,000-chip order from Oracle, while Nvidia lagged. JPMorgan, Goldman Sachs, and Citigroup all beat estimates, but investor sentiment remained muted amid warnings of credit market weakness and sticky inflation. Fed Chair Powell signaled balance sheet tapering may end soon, keeping rate cut hopes alive. Meanwhile, Trilogy Metals soared 60% on a U.S. stake buy, and Walmart jumped 4% on ChatGPT integration.

⚡️ Markets climbed Wednesday as big banks like Bank of America and Morgan Stanley posted record Q3 profits, fueling optimism despite ongoing shutdown gridlock and tariff tensions. Leveraged ETFs surged in popularity, with filings for 5X products amid a 35% market rally since April. United Airlines beat on EPS but missed revenue, while JPMorgan’s Jamie Dimon warned of “cockroaches” in credit markets after subprime loan losses. The Fed’s Beige Book showed flat growth and rising layoff risks, and traders braced for Taiwan Semi’s earnings, expected to break profit records on AI chip demand.

🐂 Markets fell Thursday as President Trump confirmed the U.S. is “in a trade war” with China, rattling investors despite strong earnings from TSMC and major banks. Regional lenders Zions and Western Alliance disclosed tens of millions in bad loans, reigniting fears of broader credit stress. Gold and silver hit record highs, while bond yields dropped on safe-haven demand. TSMC posted record revenue and profit but fell nearly 2% on trade war exposure and profit-taking. Meanwhile, leveraged ETFs surged in popularity, and Fed Governor Miran signaled three rate cuts in 2025 amid rising geopolitical and credit risks.

📈 Markets ended the week on a high note, with major indexes climbing and financials stabilizing after a week of loan-loss jitters and trade war rhetoric. Bitcoin slid toward $100K, erasing $600B in crypto market cap, while gold and silver retreated from record highs. Amex surged 7% on a blowout quarter, forecasting 10% revenue growth. Oracle fell nearly 7% despite bullish long-term targets, as analysts questioned its $225B revenue goal by 2030. Quantum stocks sold off after record highs, with insiders cashing in. All eyes now turn to next week’s tech earnings from Tesla and Netflix.

🤩 This week's Stocktwits Top 25 showed outperformance vs. the indexes.

Here are the closing prices: 

SPONSORED
GraniteShares Expands Leveraged Suite with ISUL and NBIL Single-Stock ETFs

GraniteShares 2x Long ISRG Daily ETF (ISUL) and GraniteShares 2x Long NBIS Daily ETF (NBIL) Launch Today.

 GraniteShares, a provider of exchange traded funds (ETFs), today announced the launch of two new leveraged single-stock ETFs: 

GraniteShares 2x Long ISRG Daily ETF (NASDAQ: ISUL), and

GraniteShares 2x Long NBIS Daily ETF (NASDAQ: NBIL)

An investment in these ETFs provides investors daily leveraged exposure to the two respective underlying stocks: Intuitive Surgical, Inc. (NASDAQ: ISRG) and Nebius Group NV (NASDAQ: NBIS).

 GraniteShares’ leveraged ETFs seek daily investment results, before fees and expenses, that correspond to 2 times (200%) the daily percentage change of the respective common stocks. These funds are designed for investors looking to capitalize on short-term movements in the underlying stocks.

New GraniteShares 2x Leveraged Single-Stock ETFs

 Underlying Companies

• Intuitive Surgical, Inc., (NASDAQ: ISRG) founded in 1995 and based in Sunnyvale, California, develops and markets robotic-assisted technologies that advance minimally invasive care. Its flagship da Vinci Surgical System supports procedures across specialties such as general surgery, urology, gynecology, cardiothoracic, and head and neck, while the Ion endoluminal system enables minimally invasive lung biopsies and extends its reach into diagnostic procedures. The company also provides stapling, energy, and core instruments, training programs, technical support, system monitoring, and digital solutions that enhance hospital performance. Its products are sold worldwide through direct capital and clinical sales teams.

• Nebius Group N.V., (NASDAQ: NBIS) headquartered in Amsterdam and rebranded from Yandex N.V. in 2024, is a Netherlands-based technology company building full-stack infrastructure for the global AI industry. Its offerings include GPU clusters, cloud platforms, and developer tools supporting AI workloads like generative AI and autonomous vehicles. The company also operates three brands: Toloka for AI data services, TripleTen for tech career reskilling, and Avride for autonomous driving and robotics, serving markets across Europe, North America, and Israel.

Designed for Tactical Traders

The new leveraged ETFs provide traders with a tool to gain leveraged exposure to these stocks, making them a potential consideration for those looking to execute short-term tactical trades.

“We continue to expand our suite of leveraged ETFs to meet the demand for high-conviction trading opportunities,” said Will Rhind, Founder of GraniteShares. “With the launch of ISUL, and NBIL, we are providing investors with targeted tools to access some of the most exciting companies in financial services, online brokerage and digital investing.”

For more information on the new GraniteShares leveraged ETFs, read the Prospectus.

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

THE BRIEF

Need a concise summary of what's going on this week? Look no further. Here’s a rundown of this week’s earnings and economic data.

Earnings This Week

Earnings season is chugging along, with over 413 stocks reporting this week.

Above is a quick summary. Check out the full Stocktwits earnings calendar for the other names reporting this week.

Economic Calendar

In addition to the above, check out this week's complete list of economic releases.

Links That Don’t Suck 🌐

😃 IBD Digital Free Access Week is here! Get the tools you need to invest smarter *

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*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

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