Morning Dose #139: Tech Soars, Caution Lurks Chip Rally Sparks Split Market – Thursday 10/16/2025
Key takeaways
- Speaker 2: Strong earnings are lifting tech, but macro headlines and key economic releases could bring volatility. Focus on names with volume and momentum.
- That’s all the time we have for The Morning Dose. Have a great trading day, everyone!
Morning Dose: Tech Soars, Caution Lurks Chip Rally Sparks Split Market
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Good morning and welcome to The Morning Dose – Everything You Need to Know Before the Market Opens.
Speaker 2: It’s shaping up to be another fascinating day. Futures are pointing to a higher open across the board, building on yesterday’s momentum, especially in the tech space.
Overnight Headlines
Speaker 2: The main driver this morning is Taiwan Semiconductor (TSM) crushing their Q3 earnings. They beat on earnings per share, revenue, and gave strong Q4 guidance.
Speaker 1: A good read-through for tech sector bellwethers like NVIDIA and Apple.
Economic Announcements
Speaker 1: The President’s comments on a trade war with China have added caution. Market reflects a mix of optimism in tech and interest in defensive plays like utilities.
Earnings Highlights
- JB Hunt Transport (JBHT) gapping up almost 14% on a massive beat.
- United Airlines (UAL) down over 2% despite beating expectations, showing market complexity.
- Solid reports from BNY Mellon, Charles Schwab, KeyCorp, and M&T Bank providing a strong foundation.
Top Movers
Speaker 1: Salesforce (CRM) up over 5% on their Investor Day news, targeting $60 billion in revenue by fiscal year 2030.
Speaker 1: Hewlett Packard Enterprise (HPE) down over 8% due to guidance and restructuring news.
Quick Trade Ideas
Speaker 1: For S&P 500 ETF (SPY), watch support at 667 and resistance at 669. For QQQ, support is around 604.50 with resistance at 606.