Amazon Breaks Out to Record Highs

The Day by day Breakdown takes a better take a look at the week forward, with Palantir and AMD earnings due up. Amazon breaks out to report highs.

Earlier than we dive in, let’s ensure you’re set to obtain The Day by day Breakdown every morning. To maintain getting our day by day insights, all it is advisable to do is log in to your eToro account.

Weekly Outlook

Final week, markets gyrated by means of 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 so much 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 personal 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 often get from the Bureau of Labor Statistics, it’s a minimum of one thing to work with.

Earnings

In terms of earnings, just a few shares headline this week, together with Palantir and Hims & Hers reporting on Monday, and Uber, Superior Micro Units, Tremendous Micro Laptop, 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 underneath strain this morning, too. On the plus aspect, This fall tends to be a slightly sturdy interval for this group as nicely, because it’s Bitcoin’s best-performing quarter during the last 10 years.

Need to obtain these insights straight to your inbox?

Join right here

The Setup — AMZN

Amazon inventory soared virtually 10% on Friday, hitting new report highs within the course of. Traders 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. Nevertheless, a transfer again beneath this zone and momentum might shift into the bears’ favor.

Choices

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

For some buyers, choices could possibly be one various to take a position on AMZN. Bear in mind, the danger for choices consumers is tied to the premium paid for the choice — and dropping the premium is the complete 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 aspects tapering off and AMZN rolling over.

For these trying to be taught extra about choices, take into account visiting the eToro Academy.

What Wall Avenue’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-Help — was spun off from Johnson & Johnson in August 2023. For what it’s price, Kimberly-Clark inventory is down greater than 10% on this morning’s information.