The Daily Breakdown takes a closer look at the week ahead, which includes earnings reports from Tesla, GM, GE, and Netflix.
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Weekly Outlook
Since Friday October 10th, markets have been bumpy. The S&P 500 has had an average trading range of about 114 points over the last six sessions. That’s a wide trading range, as volatility has clearly woken up a bit.
More earnings will continue this week (more on that in a second) and hey! We’ll finally get some economic data this week.
Earnings on Deck
Companies like Netflix (which reports on Tuesday evening) and Tesla (Wednesday evening) headline the action, but there will be plenty of others to watch this week. They include Coca-Cola, General Motors, and General Electric on Tuesday, and AT&T and IBM on Wednesday.
On Thursday, companies like Ford, T-Mobile, and Intel will report, followed by Procter & Gamble on Friday.
Get Ready for the Inflation Report
The Bureau of Labor Statistics (BLS) is responsible for a handful of the key monthly economic reports, one of which is the CPI release, which tracks consumer inflation.
While many reports have been delayed due to the government shutdown, the BLS will move forward with a release of the CPI report, which is now scheduled for release on Friday. Given the recent lack of economic data combined with next week’s Fed meeting, extra emphasis will likely be put on this report.
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The Setup — GLD
Gold has been the talk of Wall Street lately, as the metal has soared more than 60% in 2025. That’s sent the GLD ETF to new heights as well.
The GLD broke out over the key $316 area in September and has quickly rallied more than 20% since. Big moves like this fuel optimism for the bulls, but can also lead to sudden pullbacks. While the trend remains intact, remember that pullbacks can and do happen. In the short term, bulls want to see the 21-day moving average act as support.
Options
As of Friday October 17th, the options with the highest open interest for GLD — meaning the contracts with the largest open positions in the options market — were the October 24th $395 calls, followed by the $405 calls.
For options traders, calls or bull call spreads could be one way to speculate on support holding on a pullback. In this scenario, buyers of calls or call spreads limit their risk to the price paid for the calls or call spreads, while trying to capitalize on a bounce in the ETF. Conversely, investors who expect support to fail could speculate with puts or put spreads.
For those looking to learn more about options, consider visiting the eToro Academy.
What Wall Street’s Watching
Shares of AXP rallied 7.3% on Friday after the company reported earnings. In a promising sign for the health of consumers, Amex reported $421 billion in credit card transaction volume, above analysts’ expectations of $415.2 billion. Further, earnings grew 19% while revenue grew 11%, with both measures beating expectations. The reaction also gave a boost to Visa and MasterCard. Dig into the fundamentals for AXP.
Oracle stock nearly tripled from its April low to its September high, but there’s been some volatility recently. On Friday, shares slid despite management’s long-term guidance calling for an average of 31% annual revenue growth over its next five years. Further, they said revenue could reach $225 billion in 2030, while earnings could hit $21 a share.
Bitcoin prices took a tumble on Friday, dipping down to about $103,500 — its lowest price since June 23rd. However, BTC was able to find its footing over the weekend, logging gains on Saturday and Sunday while holding the 200-day moving average. Currently, Bitcoin is back above $110K. Check out the chart for BTC.
Disclaimer:
Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.