Amazon Breaks Out to Record Highs

The Each day Breakdown takes a more in-depth take a look at the week forward, with Palantir and AMD earnings due up. Amazon breaks out to document highs.

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Weekly Outlook

Final week, markets gyrated via a loaded calendar of earnings that included 5 of the Magnificent 7 holdings. We’re beginning a brand new week and a brand new month, however rather a lot stays the identical: The federal government shutdown drags on and earnings carry on rolling.

Jobs Replace

We’re lastly going to get a labor market replace this week, as ADP will present its month-to-month non-public payrolls report. It’s primarily based on the payroll information of ~400,000 US companies, and whereas the ADP report isn’t essentially indicative of the month-to-month jobs report we normally get from the Bureau of Labor Statistics, it’s at the least one thing to work with.

Earnings

In the case of earnings, a couple of shares headline this week, together with Palantir and Hims & Hers reporting on Monday, and Uber, Superior Micro Units, Tremendous Micro Pc, and Rivian reporting on Tuesday. McDonald’s, Robinhood and Lyft will report on Thursday, whereas Airbnb, SoundHound AI, The Commerce Desk and DraftKings will report on Thursday.

Crypto

Seasonally, October has been Bitcoin’s finest month during the last decade — which is why bulls are scratching their heads because it ended the month decrease by about 4%. Ethereum fell greater than 7%, whereas Solana dipped about 10%. All three are below strain this morning, too. On the plus aspect, This autumn tends to be a reasonably sturdy interval for this group as effectively, because it’s Bitcoin’s best-performing quarter during the last 10 years.

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The Setup — AMZN

Amazon inventory soared virtually 10% on Friday, hitting new document highs within the course of. Buyers have been ready for this Magazine 7 laggard to regain some momentum and now, many are hoping that final week’s motion is the beginning of one thing greater.

Chart as of the shut on 10/31/2025. Supply: eToro ProCharts, courtesy of TradingView.

The $235 to $240 zone had turn out to be main resistance for Amazon inventory, however on Friday, shares broke out over this space and rallied to as excessive as $250.50 throughout the session. Transferring ahead, bullish momentum might proceed so long as AMZN inventory is over this key breakout zone, giving bulls extra confidence to purchase the dip. Nonetheless, a transfer again under this zone and momentum might shift into the bears’ favor.

Choices

As of October thirty first, the choices with the very best open curiosity for AMZN inventory — that means the contracts with the most important open positions within the choices market — have been the December $300 calls, adopted by the December $235 calls.

For some buyers, choices could possibly be one different to take a position on AMZN. Keep in mind, the chance for choices patrons is tied to the premium paid for the choice — and dropping the premium is the total danger. Bulls can make the most of calls or name spreads to take a position on additional upside, whereas bears can use places or put spreads to take a position on the positive factors petering out and AMZN rolling over.

For these seeking to be taught extra about choices, think about visiting the eToro Academy.

What Wall Road’s Watching

KVUE

Shares of Kenvue are rising this morning on information that Kimberly-Clark will purchase the corporate for $40 billion. Chances are you’ll recall that Kenvue — which produces merchandise like Tylenol, Neutrogena, Listerine, Benadryl and Band-Support — was spun off from Johnson & Johnson in August 2023. For what it’s value, Kimberly-Clark inventory is down greater than 10% on this morning’s information.