Wall Street's top banks are expected to report Q3 earnings next week, with a focus on trading revenue and credit quality. XP Inc. led weekly gainers, surging 49.86%.
Week's Verdict
Indexes
The Dow Jones Industrial Average ETF (DIA) gained 0.87%, S&P 500 ETF (SPY) rose 0.60%, and Nasdaq 100 ETF (QQQ) was up 0.49% for the week.
Big Banks Under Scrutiny
Wall Street's top banks are expected to report Q3 earnings next week, with a focus on trading revenue, investment banking fees, net interest income, and credit quality amidst a cooling capital markets environment and rising Treasury yields.
Biggest Moves
XP Xp Inc
49.86% gain for the week.
PTC PTC Inc
35.01% gain for the week.
SBS Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR
25.28% gain for the week.
IREN IREN Ltd
-15.73% for the week — IREN, along with other Nvidia-backed neocloud companies, faced a major test as their stocks slid, indicating a bear market for these companies.
CNH CNH Industrial N.V.
-15.44% for the week.
TWST Twist Bioscience Corp
-15.31% for the week.
Trending on X
MU Micron Technology Inc
Micron was a top trending ticker this week.
ASTS Ast Spacemobile Inc
ASTS saw significant discussion among retail investors.
CBRS Cerebras Systems Inc. Class A Common Stock
Cerebras Systems was actively discussed on social platforms.
INTC Intel Corporation
Intel generated notable buzz this week.
SPCX Space Exploration Technologies Corp. Class A Common Stock
SPCX was a popular topic among traders.
AI Economy
IREN IREN Ltd
IREN, an Nvidia-backed neocloud company, saw its stock slide, signaling a challenging market for similar AI infrastructure firms, according to Benzinga.
NBIS Nebius Group N.V.
Nebius Group, another Nvidia-backed neocloud company, experienced stock declines, indicating a potential bear market for these AI-focused entities, as reported by Benzinga.
Smart Money
MU Micron Technology Inc
MU Micron Technology Inc: among the most-bought names in our tracking this week.
ASTS Ast Spacemobile Inc
ASTS Ast Spacemobile Inc: among the most-bought names in our tracking this week.
INTC Intel Corporation
INTC Intel Corporation: tracked analysts were net sellers.
NBIS Nebius Group N.V.
NBIS Nebius Group N.V.: tracked analysts were net sellers — Nebius Group, along with other Nvidia-backed neocloud companies, faced a major test as their stocks slid, indicating a bear market for these companies.
See all of today's top buys at fintwit.ai
On Deck
JPM JPMorgan Chase & Co
Reports Tuesday, $5.93 est.
JNJ Johnson & Johnson
Reports Tuesday, $2.50 est.
UNH UnitedHealth Group Incorporated
Reports Tuesday, $4.15 est.
ASML ASML Holding N.V.
Reports Wednesday, $12.13 est.
FOMC decision
FOMC decision Wednesday — consensus expects rates to be maintained at 3.75%-4.00%.