Market Signal Briefing

DETROIT — Challenges are mounting for all-electric vehicle manufacturers Rivian Automotive and Lucid Group as the companies try to sell investors on a brighter, more profitable future to come.

But things could get worse before they get better as both automakers are set to report third-quarter results this week, starting with Rivian after the bell Tuesday, followed by Lucid on Wednesday.

Both "pure EV" companies are expected to report notable growths in revenue and narrowed adjusted earnings losses amid record third-quarter U.S. EV sales. But investors are also expecting the manufacturers to give updates on future growth opportunities as well as impacts from more challenging market conditions.

"Both of these are really challenged," RBC Capital Markets analyst Tom Narayan told CNBC during an interview, saying he's cautious about much near-term upside for investors. "To me, it's all about the underlying profitability."

Both automakers have already cut vehicle production guidance due to more challenging market conditions, while Rivian also has negatively changed its adjusted earnings and gross profit expectations for 2025.

EV manufacturers face industrywide issues such as increasing costs due to tariffs and slower forecasted sales of EVs, as well as company-specific problems that include new product challenges, and regulatory changes that are negatively impacting sales and profits, including the end of consumer federal incentives.

Stock Chart IconStock chart icon

Rivian, Lucid and Tesla stocks in 2025

The Trump administration this fall got rid of federal incentives of up to $7,500 for the purchase of an EV. In addition to that, it also ended the practice of fining automakers for failing to meet fuel efficiency rules. That hurts EV manufacturers, which had been counting on selling credits to legacy automakers that could offset some penalties.

Rivian this summer cut its expected earnings from credit sales from $300 million to $160 million. In connection to the change, Rivian also lowered its gross profit guidance for the year to roughly breakeven from a modest profit. It also has conducted layoffs this year to cut costs.

"While we believe deeply in the long-term value drivers of our business, the policy environment continues to be complex and rapidly evolving," Rivian CEO RJ Scaringe said during the company's last quarterly results call in August. "Changes to EV tax credits, regulatory credits, trade regulation and tariffs are expected to have an impact on the results and the cash flow of our business."

Rivian has maintained that it has enough cash to get it through the launch of its new "R2" product during the first half of next year, but the ongoing changes don't assist the company by any means.

Tariffs are hitting the automaker to the tune of "a couple thousand dollars per unit" this year, Rivian has said. Lucid also said tariff costs are hurting its profit margins this year, including $54 million during the second quarter.

"We expect the loss of the credit to be a headwind for the market in the coming quarters. Our prior elasticity of demand analysis implied that the loss of IRA [Inflation Reduction Act] credits could equate to a double-digit percent headwind to industry volumes, all else equal," Goldman Sachs analyst Mark Delaney said in an Oct. 3 investor note on Rivian and Tesla.

Tesla, which has also sold automotive regulatory credits, reported revenue from those credits in the third quarter fell 44% to $417 million from $739 million.

Pull ahead, Q3 resultsThe third quarter is expected to be the peak of EV sales for the foreseeable future, as customers rushed to purchase new models ahead of the federal credits ending in September.

As a result, the companies are expected to spend more time touting future products and technology opportunities to investors during their third-quarter calls this week rather than their near-term core businesses of producing and selling EVs.

"It remains to be seen how long the EV hangover will last in the US, though we suspect 3Q EV penetration will likely be the highest mark for quite some time," Barclays analyst Dan Levy said in an Oct. 13 investor note.

Rivian last month reported vehicle deliveries of 13,201 vehicles during the third quarter, a 32% increase from a year earlier.  Lucid reported deliveries of 4,078 units, up 47% from 2,781 units from the third quarter of 2024.

Even with an uptick in sales, both companies are expected to report notable losses, albeit narrowed from a year ago and smaller than the second quarter.

Rivian is expected to report an adjusted earnings per share loss of 72 cents on revenue of $1.5 billion, based on average analysts' estimates compiled by LSEG. That would compare to an adjusted EPS loss of 99 cents on revenue of $874 million a year earlier.  

When reporting its second-quarter results, Rivian said it expected its adjusted core loss to be between $2 billion and $2.25 billion this year, compared with $1.7 billion to $1.9 billion previously forecast. Analysts also have expressed concerns about Rivian's previous goal to be profitable on an earnings before interest, taxes, depreciation, and amortization basis by 2027.

Lucid is expected to report a $2.27 adjusted EPS loss for the third quarter, down from $2.80 a year earlier (based on recalculated results following a reverse stock split), on a roughly 90% increase in revenue to $379.1 million, according to LSEG.

Narayan and other analysts have largely focused on improvements in the gross profits of the companies as proof of progress. Such results are a key indicator of a business's profitability before operating expenses, interest, and taxes deductions.

"[Investors] will want to see what that gross profit number is in Q3, but they also have a high bar to pass over with where consensus already is," Narayan said.

Rivian is expected to report a gross loss of $39 million during the third quarter, according to average estimates compiled by FactSet. Lucid, meanwhile, is expected to report a $255 million gross loss, according to the estimates.

Shares of Rivian are off less than 5% this year, while Lucid's stock is off roughly 45%, including a 1-for-10 reverse stock split in September.

Product and tech promisesBoth Rivian and Lucid have tried to sell investors on the success of their future vehicles as well as technologies to save the companies from continued losses.

Rivian's future heavily relies on its new "R2" vehicles that are expected to begin production for customers the first half of next year. The roughly $45,000 midsize vehicle, per Rivian, is expected to cut build material costs in half, reduce production complexity and significantly grow demand and sales.

"I'm more bullish on this vehicle than any product we've developed. I believe that the product market fit is incredible. The packaging, the technology and overall value proposition set R2 up for meaningful share," Scaringe said in August.

However, the R2 will launch in a challenging market ripe with plenty of vehicle competition — many of which are expected to have longer EV ranges at a similar, if not lower, price.

Barclay's Levy earlier this year did an analysis of the potential total addressable market of the R2, questioning the company's bullishness on the product amid "risks" of weaker expected U.S. EV demand, additional costs and a more competitive market.

Narayan and other analysts also have questioned the company's sales targets for the vehicle: "It's a very competitive market, and you have this EV slowdown in full effect. What are the volumes they're going to get on R2 going up against all this competition? … [General Motors] can barely get to hundreds of thousands," Narayan said in the interview.

Rivian also has touted its potential for revenue with new technologies, such as the $5.8 billion deal it struck with Volkswagen for its software and electrical architecture.

Rivian has said the next generation of technology also is expected to help it become a leader in advanced driver-assistance systems, or ADAS, despite the automaker trailing many other systems.

The story is similar at Lucid. The company has placed significant importance on the launch of its Gravity SUV, which Lucid has described as challenging, as well as a future midsize vehicle platform to broaden its market reach.

"We are not simply building electrical vehicles. We are pushing the boundaries of what EVs can be," Lucid interim CEO Marc Winterhoff said during the company's second-quarter call in August. "From the record-breaking performance and efficiency of the Lucid Air to the game-changing Lucid Gravity, to our upcoming midsize platform, our technology continues to redefine what's possible."

More recently, Lucid also has touted future ADAS technologies and the potential of personal autonomous vehicle capabilities as part of its future, despite a history of underwhelming capabilities in its current luxury models.

Lucid signed a $300 million deal with Uber in July that included the ride-hailing platform acquiring and deploying more than 20,000 Lucid Gravity SUVs that will be equipped with autonomous vehicle technology from startup Nuro over the next six years.

Other topics investors will be watching include any updates to Rivian's timeline for its R2 production or Lucid's production of the Gravity SUV as well as cash flows and profitability outlooks for both companies.

"We are not where we want to be with Lucid Gravity production relative to our target at this point in the year," Winterhoff said in August. "We believe we will significantly increase production [in] the second half of the year."

Key Takeaways Civitas Resources is slated to release Q3 2025 results on Nov. 6, with earnings estimated at $1.36 per share.Revenues are projected to fall 6.9% year over year, reflecting weaker volumes and asset sales.CIVI targets cost savings of $40M in 2025 and $100M in 2026 from efficiency and new transport initiatives.
Civitas Resources, Inc. (CIVI - Free Report) is set to release third-quarter 2025 results on Nov. 6. The Zacks Consensus Estimate for earnings is pegged at $1.36 per share on revenues of $1.2 billion.

Let us delve into the factors that are likely to have influenced the oil and gas producer’s performance in the to-be-reported quarter. But it is worth taking a look at Civitas Resources’ previous-quarter performance first.

Highlights of CIVI’s Q2 Earnings & Surprise HistoryIn the last reported quarter, this Denver, CO-based independent oil and gas company missed the consensus mark due to lower oil price realizations. Civitas Resources reported adjusted earnings per share of 99 cents, which missed the Zacks Consensus Estimate of $1.12.  Also, the company’s quarterly revenues of $1.1 billion missed the consensus estimate by 5.2%.

CIVI’s earnings beat the Zacks Consensus Estimate in two of the last four quarters and missed in two, resulting in a negative surprise of 2%, on average. This is depicted in the graph below:

CIVI’s Trend in Estimate RevisionThe Zacks Consensus Estimate for the third-quarter bottom line has been revised 2.3% upward in the past seven days. The estimated figure indicates a 31.7% year-over-year decline. The consensus estimate for revenues indicates a 6.9% decrease from the year-ago period.

Factors to Consider Ahead of CIVI’s Q3 ResultsCIVI's total revenues are expected to have suffered in the quarter to be reported. The company operates in two highly productive U.S. regions: the Denver-Julesburg (DJ) Basin in Colorado and the Permian Basin, which stretches across Texas and New Mexico.

The Zacks Consensus Estimate projects third-quarter revenues to decrease from the year-ago quarter’s $1.3 billion. With the sale of the DJ Basin assets, the company’s production volumes are expected to have decreased. For the second quarter, CIVI reported a year-over-year decline in earnings per share, and this trend is likely to continue in the to-be-reported quarter.

On a positive note, CIVI is targeting $40 million in cost savings in 2025 and $100 million in 2026, driven by efficiency initiatives, improved oil differentials from new transportation agreements, and sequentially lower lease operating and general and administrative costs.

What Does Our Model Predict for CIVI?The proven Zacks model does not conclusively predict an earnings beat for Civitas Resources this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here.

Earnings ESP of CIVI: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is -1.84%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

CIVI’s Zacks Rank: CIVI currently carries a Zacks Rank of 4 (Sell).

Stocks With the Favorable CombinationHere are some firms from the energy space, which, according to our model, have the right combination of elements to post an earnings beat this reporting cycle.

Canadian Natural Resources Limited (CNQ - Free Report) currently has an Earnings ESP of +1.55% and sports a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.

CNQ is scheduled to release earnings on Nov. 6. Notably, the Zacks Consensus Estimate for Canadian Natural’s 2025 revenues indicates 5.2% year-over-year growth. Valued at around $66.8 billion, the company’s shares have lost 6.7% in a year.

Delek US Holdings, Inc. (DK - Free Report) has an Earnings ESP of +98.57% and a Zacks Rank of 3 at present. DK is slated to release earnings on Nov. 7.

Notably, the Zacks Consensus Estimate for Delek US Holdings' 2025 earnings per share indicates 36.4% year-over-year growth. Valued at around $2.3 billion, the company’s shares have soared 145.1% in a year.

Granite Ridge Resources, Inc. (GRNT - Free Report) currently has an Earnings ESP of +3.70% and a Zacks Rank of 3. It is scheduled to release earnings on Nov. 6.

The Zacks Consensus Estimate for Granite Ridge’s 2025 earnings per share indicates 8.8% year-over-year growth. Valued at around $693 million, the company’s shares have lost 10.9% in a year.

Martin Marietta Materials, Inc. (MLM) Q3 2025 Earnings Call November 4, 2025 10:00 AM EST

Company Participants

Jacklyn Rooker - Director of Investor Relations
C. Nye - Chairman, CEO & President
Michael Petro - Senior VP & CFO

Conference Call Participants

Kathryn Thompson - Thompson Research Group, LLC
Trey Grooms - Stephens Inc., Research Division
Anthony Pettinari - Citigroup Inc., Research Division
Philip Ng - Jefferies LLC, Research Division
Esther Osinaiya - Morgan Stanley, Research Division
Adam Thalhimer - Thompson, Davis & Company, Inc., Research Division
Garik Shmois - Loop Capital Markets LLC, Research Division
Keith Hughes - Truist Securities, Inc., Research Division
Andrew Maser - Stifel, Nicolaus & Company, Incorporated, Research Division
David S. MacGregor - Longbow Research LLC
Michael Dudas - Vertical Research Partners, LLC
Ivan Yi - Wolfe Research, LLC
Judah Aronovitz - UBS Investment Bank, Research Division

Presentation

Operator

Ladies and gentlemen, welcome to Martin Marietta's Third Quarter 2025 Earnings Conference Call.

[Operator Instructions] As a reminder, today's call is being recorded and will be available for replay on the company's website. I will now turn the call over to your host, Ms. Jacklyn Rooker, Martin Marietta's Vice President of Investor Relations.

Jacklyn, you may begin.

Jacklyn Rooker
Director of Investor Relations

Good morning. And thank you for joining Martin Marietta's Third Quarter 2025 Earnings Call.

With me today are Ward Nye, Chair and Chief Executive Officer; and Michael Petro, Senior Vice President and Chief Financial Officer.

As a reminder, today's discussion may include forward-looking statements as defined by United States securities laws. These statements relate to future events, operating results or financial performance and are subject to risks and uncertainties that could cause actual results to differ materially.

Martin Marietta undertakes no obligation to publicly update or revise any forward-looking statements, except as legally required, whether due to new information, future developments or otherwise. For additional details, please refer to the legal

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Q3: 2025-11-03 Earnings SummaryEPS of $0.35 beats by $0.04

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Revenue of

$866.58M

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misses by $10.80M

Crescent Energy Company (CRGY) Q3 2025 Earnings Call November 4, 2025 11:00 AM EST

Company Participants

David Rockecharlie - CEO & Director
Brandi Kendall - CFO, Investor Relations & Director

Conference Call Participants

Reid Gallagher
Neal Dingmann - William Blair & Company L.L.C., Research Division
John Freeman - Raymond James & Associates, Inc., Research Division
Timothy Rezvan - KeyBanc Capital Markets Inc., Research Division
Michael Scialla - Stephens Inc., Research Division
John Abbott - Wolfe Research, LLC
Michael Furrow - Pickering Energy Partners LP
Hsu-Lei Huang - Tudor, Pickering, Holt & Co. Securities, LLC, Research Division

Presentation

Operator

Greetings, and welcome to the Crescent Energy Q3 2025 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Reid Gallagher, Investor Relations. Thank you. You may begin.

Reid Gallagher

Good morning, and thank you for joining Crescent's Third Quarter 2025 Conference Call. Today's prepared remarks will come from our CEO, David Rockecharlie; and our CFO, Brandi Kendall, the Chief Operating Officer and Executive Vice President of Investment will also be available during the Q&A.

Today's call may contain projections and other forward-looking statements within the meaning of the federal securities laws. These statements are subject to risks and uncertainties, including commodity price volatility, global geopolitical conflict, our business strategies and other factors that may cause actual results to differ from those expressed or implied in these statements and our other disclosures. We have no obligation to update any forward-looking statements after today's call. In addition, today's discussion may include disclosure regarding non-GAAP financial measures. For a reconciliation of historical non-GAAP financial measures to the most directly comparable GAAP measure, please reference our 10-Q and earnings press release available under the Investors section on our website.

With that, I'll hand it over to David.

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ONE Gas, Inc. (OGS) Q3 2025 Earnings Call November 4, 2025 11:00 AM EST

Company Participants

Erin Dailey
Robert McAnnally - President, CEO & Director
Christopher Sighinolfi - Senior VP & CFO
Curtis Dinan - Senior VP & COO

Conference Call Participants

Julien Dumoulin-Smith - Jefferies LLC, Research Division
David Arcaro - Morgan Stanley, Research Division
Gabriel Moreen - Mizuho Securities USA LLC, Research Division
William Appicelli - UBS Investment Bank, Research Division
Selman Akyol - Stifel, Nicolaus & Company, Incorporated, Research Division

Presentation

Operator

Good day, and welcome to ONE Gas Third Quarter Earnings Conference Call. Today's conference is being recorded. And at this time, I would like to turn the conference over to Erin Dailey. Please go ahead, Ms. Dailey.

Erin Dailey

Thank you, Elliot. Good morning, and thank you for joining us on our third quarter 2025 earnings conference call. This call is being webcast live, and a replay will be available later today. After our prepared remarks, we're happy to take your questions.

Statements made during this call that might include ONE Gas expectations or predictions should be considered forward-looking statements and are covered by the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933 and the Securities and Exchange Act of 1934, each as amended.

Actual results could differ materially from those projected in any forward-looking statements. For a discussion of factors that could cause actual results to differ, please refer to our SEC filings.

Joining me on the call this morning are Sid McAnnally, President and Chief Executive Officer; Chris Sighinolfi, Senior Vice President and Chief Financial Officer; and Curtis Dinan, Senior Vice President and Chief Operating Officer.

And now I'll turn the call over to Sid.

Robert McAnnally
President, CEO & Director

Good morning. We appreciate your interest in ONE

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LOS ANGELES, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP reminds investors of the upcoming November 18, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired KBR, Inc. (“KBR” or the “Company”) (NYSE: KBR) securities between May 6, 2025 and June 19, 2025, inclusive (the “Class Period”).

IF YOU SUFFERED A LOSS ON YOUR KBR INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS.

What Happened?
On June 19, 2025, KBR’s joint venture, HomeSafe Alliance (“HomeSafe”) announced that it had received a notice from the U.S. Department of Defense’s Transportation Command (TRANSCOM) terminating its multibillion-dollar Household Goods contract “for cause due to [HomeSafe’s] demonstrated inability to fulfill their obligations and deliver high quality moves to Service members.”

On this news, KBR’s stock price fell $3.85, or 7.3%, to close at $48.93 per share on June 20, 2025, thereby injuring investors.

What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Despite the knowledge that TRANSCOM had, for months, had material concerns with HomeSafe’s ability to fulfill the Global Household Goods Contract, Defendants claimed that the partnership was without issue, and would ramp up in future quarters; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired KBR securities during the Class Period, you may move the Court no later than November 18, 2025 to request appointment as lead plaintiff in this putative class action lawsuit.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150,
Toll-Free: 888-773-9224
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Charles Linehan
Email:  [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.

E-commerce software provider Shopify is bullish on AI-powered shopping agents, citing AI as an “incredible tool” to enable more entrepreneurs and calling it the “biggest shift in technology since the internet” during its third-quarter earnings call. The company, which partnered with ChatGPT maker OpenAI in September, reported that traffic from AI tools to its online stores is up seven times since January of this year, and purchases attributed to AI-powered search have increased by 11 times.

According to Shopify President Harley Finkelstein, the company’s advantage in the AI era comes from its ability to access the data from millions of merchants and billions of transactions, and its “founder mode” mentality to ship products quickly.

This also includes its internal tools, like Scout, which uses AI to help Shopify employees search hundreds of millions of pieces of merchant feedback to make better product decisions.

“And Scout is just one of many tools we’re developing to turn our own signals, whether it’s support tickets, usage data, reviews, social interactions, or even Sidekick prompts, into fast, informed decisions,” Finkelstein said on the call. “If you take away one thing from this call, let it be this: AI is not just a feature at Shopify. It is central to our engine that powers everything we build.

In addition to ChatGPT, Shopify is working with Perplexity and Microsoft Copilot on other in-chat shopping experiences. A recent Shopify survey found that 64% of shoppers said they’re “likely” to use AI to some extent when making purchases.

“We’ve been building and investing in this infrastructure to make it really easy to bring shopping into every single AI conversation,” Finkelstein said. “The fact that we’re already working with the leaders in the space should, I think, be a testament to the fact that we want to make sure merchants on Shopify are better prepared than those that are not. It’s still obviously very, very early,” he continued. “But what we’re really trying to do is lay the rails for agentic commerce.”

While the company is currently focused on building connections with AI agents, it’s also prepared for the fact that there will be “different permutations” of how agentic commerce will evolve, Finkelstein also noted, which means it needs to be ready for “whichever path wins.”

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“That was the same thing when social commerce started to get a lot of attention, or when [people realized it wasn’t] e-commerce versus physical commerce but . . . this idea of commerce everywhere,” he added.

Separately, Shopify’s Q3 financial results showed revenue up 32% to $2.84 billion, ahead of estimates, and profit of $264 million, or 20 cents per share. However, the stock sagged on news that the company’s operating income of $434 million had missed estimates of $437 million.

Sarah has worked as a reporter for TechCrunch since August 2011. She joined the company after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.

You can contact or verify outreach from Sarah by emailing [email protected] or via encrypted message at sarahperez.01 on Signal.

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Western Digital (WDC - Free Report) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.

The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this maker of hard drives for businesses and personal computers, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.

The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.

Consensus earnings estimates for the next quarter and full year have moved considerably higher for Western Digital, as there has been strong agreement among the covering analysts in raising estimates.

The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:

12 Month EPS

Current-Quarter Estimate RevisionsThe earnings estimate of $1.85 per share for the current quarter represents a change of +4.5% from the number reported a year ago.

Over the last 30 days, the Zacks Consensus Estimate for Western Digital has increased 8.28% because two estimates have moved higher compared to no negative revisions.

Current-Year Estimate RevisionsFor the full year, the earnings estimate of $7.06 per share represents a change of +43.2% from the year-ago number.

In terms of estimate revisions, the trend for the current year also appears quite encouraging for Western Digital. Over the past month, three estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 5.71%.

Favorable Zacks RankThe promising estimate revisions have helped Western Digital earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.

Bottom LineWestern Digital shares have added 26.1% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.

FormFactor (FORM - Free Report) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.

Analysts' growing optimism on the earnings prospects of this integrated circuits diagnostic company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight.

The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.

Consensus earnings estimates for the next quarter and full year have moved considerably higher for FormFactor, as there has been strong agreement among the covering analysts in raising estimates.

The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:

12 Month EPS

Current-Quarter Estimate RevisionsThe earnings estimate of $0.34 per share for the current quarter represents a change of +25.9% from the number reported a year ago.

Over the last 30 days, three estimates have moved higher for FormFactor compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 28.95%.

Current-Year Estimate RevisionsFor the full year, the earnings estimate of $1.15 per share represents a change of 0.0% from the year-ago number.

In terms of estimate revisions, the trend for the current year also appears quite encouraging for FormFactor. Over the past month, five estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 16.11%.

Favorable Zacks RankOur research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.

Bottom LineFormFactor shares have added 32.5% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.

Key Takeaways CNQ is set to report Q3 earnings of 54 cents per share on estimated revenues of $6.7 billion.Higher Oil Sands output and new Montney assets may have lifted Q3 production volumes.Rising North Sea, Offshore Africa and Oil Sands expenses could weigh on quarterly profit.
Canadian Natural Resources Limited (CNQ - Free Report) is set to release third-quarter results on Nov. 6. The Zacks Consensus Estimate for earnings is pegged at 54 cents per share on revenues of $6.7 billion.

Let us delve into the factors that might have influenced CNQ’s performance in the to-be-reported quarter. Before that, it is worth taking a look at the company’s performance in the last reported quarter.

Highlights of CNQ’s Q2 Earnings & Surprise HistoryIn the last reported quarter, the Calgary-based oil and gas equipment and services company beat the consensus mark, but decreased from 64 cents in the year-ago quarter due to lower realized oil and natural gas liquid prices. CNQ reported adjusted earnings per share of 51 cents, beating the Zacks Consensus Estimate of 44 cents. Total revenues of $6.3 billion beat the Zacks Consensus Estimate by $5 million. The company’s earnings beat the Zacks Consensus Estimate thrice in the trailing four quarters and missed in one, delivering an average surprise of 7.1%. This is depicted in the chart below:

Trend in CNQ’s Estimate RevisionThe Zacks Consensus Estimate for third-quarter 2025 earnings has not witnessed any movement in the past seven days. The estimated figure indicates a 23.9% year-over-year decrease. The Zacks Consensus Estimate for revenues implies a 2.2% increase from the year-ago period.

Factors to Consider Ahead of CNQ’s Q3 ResultsIn July 2025, Canadian Naturals’ Oil Sands Mining and Upgrading production increased considerably, with upgrader utilization of 106%, and the company expects the second half of 2025 to continue to deliver strong operating results. During the third quarter, CNQ closed an acquisition of liquids-rich Montney assets located in the Grand Prairie area and the acquired assets are expected to have provided opportunities for synergies and further add to the production volumes. CNQ’s revenues are likely to have improved in the quarter to be reported. The Zacks Consensus Estimate predicts third-quarter revenues to increase from the year-ago quarter’s $6.5 billion.

On a bearish note, Canadian Natural is set to face debt maturities each year out till 2027, exposing it to refinancing risk at a time of unpredictable commodity prices. Additionally, the bottom line in the to-be-reported quarter of the company may get affected due to the rising expenses in the North Sea, Offshore Africa and Oil Sands Mining segments. Our model predicts third-quarter North Sea expenses to rise to $176.9 million from the year-ago quarter’s level of $137 million. The Offshore Africa expenses are anticipated to have increased sequentially to $144.1 million from the previous quarter’s level of $23 million. The Oil Sands Mining expenses are expected to have increased to $2,520.7 million from the year-ago level of $2,306 million.

What Does Our Model Predict for CNQ?Our proven Zacks model predicts an earnings beat for CNQ this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is exactly the case here.

Earnings ESP of CNQ: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is +1.55%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

CNQ’s Zacks Rank: CNQ currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Other Stocks With the Favorable CombinationHere are some other firms from the energy space that you may want to consider, as these too have the right combination of elements to post an earnings beat this reporting cycle.

Northern Oil and Gas, Inc. (NOG - Free Report) currently has an Earnings ESP of +1.83% and a Zacks Rank of 3.

NOG is scheduled to release earnings on Nov. 6. Notably, the Zacks Consensus Estimate for Northern Oil and Gas’ 2025 revenues indicates 4% year-over-year growth. Valued at around $2.2 billion, the company’s shares have lost 39.1% in a year.

Delek US Holdings, Inc. (DK - Free Report) has an Earnings ESP of +98.57% and a Zacks Rank of 3 at present. DK is slated to release earnings on Nov. 7.

Notably, the Zacks Consensus Estimate for Delek US Holdings’ 2025 earnings per share indicates 36.4% year-over-year growth. Valued at around $2.3 billion, the company’s shares have soared 145.1% in a year.

Granite Ridge Resources, Inc. (GRNT - Free Report)  currently has an Earnings ESP of +3.70% and a Zacks Rank of 3. It is scheduled to release earnings on Nov. 6.

The Zacks Consensus Estimate for Granite Ridge’s 2025 earnings per share indicates 8.8% year-over-year growth. Valued at around $693 million, the company’s shares have lost 10.9% in a year.

Key Takeaways Rockwell Automation will report 4Q25 results on Nov. 6 before market open.Estimates indicate $2.94 EPS and $2.21B in sales, suggesting 19% and 8.7% y/y rallies.Price actions and supply-chain optimization are likely to have supported ROK's Q4 margins.
Rockwell Automation Inc. ((ROK - Free Report) ) is scheduled to report fourth-quarter fiscal 2025 results on Nov. 6, before the opening bell.

The Zacks Consensus Estimate for Rockwell Automation’s earnings has moved 1% north in the past 60 days to $2.94 per share. The consensus mark implies 19% growth from the year-ago actual. The consensus estimate for sales is pegged at $2.21 billion, indicating an 8.7% year-over-year rise.

Image Source: Zacks Investment Research

ROK’s Earnings Surprise HistoryRockwell Automation’s earnings beat the Zacks Consensus Estimates in the trailing four quarters, the average surprise being 9.7%.

Image Source: Zacks Investment Research

What the Zacks Model Indicates for Rockwell AutomationOur model predicts an earnings beat for ROK this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is precisely the case here.

Earnings ESP: Rockwell Automation has an Earnings ESP of +1.51%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.

Zacks Rank: The company currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Factors Likely to Have Shaped ROK’s Q4 PerformanceRockwell Automation reported negative 7.6% organic growth in first-quarter fiscal 2025 and negative 4% in the second quarter of fiscal 2025 due to lower sales volumes across all the company’s segments. Organic growth improved to 4% in the fiscal third quarter, driven by growth in the Software & Control, and Intelligent Devices segments.

Rockwell Automation will continue to benefit from price increase actions to mitigate the impacts of inflationary pressures, which are likely to improve margins. ROK plans to mitigate tariff costs through pricing actions and supply-chain optimization. These tailwinds are likely to have aided growth in the to-be-reported quarter.

Our model, thus, predicts an organic sales improvement of 5.9% for the quarter.

However, the manufacturing sector remained in contraction through the quarter, as reflected in the Institute for Supply Management’s manufacturing index with a 48% reading in July, 48.7% in August and 49.1% in September. The New Orders Index also remained below 50% throughout this period.

Customers have been pulling in orders due to anxiety about continued tariffs and pricing pressures. The impacts of this trend are also likely to get reflected in ROK’s order levels in the quarter under review.

ROK has faced margin headwinds in recent quarters, including higher logistics prices due to increased energy prices and constrained air freight lanes. Additionally, increased spending on talent and growth, an unfavorable mix, and currency are expected to have impacted its margins. The combination of lower sales and elevated costs is anticipated to have led to a decline in its earnings in the quarter.

Q4 Expectations for Rockwell Automation’s SegmentsWe expect the Intelligent Devices segment’s fiscal fourth-quarter sales to improve 3.7% year over year to $981 million. Our prediction for the segment’s operating profit is $197.5 million, indicating a year-over-year rise of 1.1%.

Our model predicts sales of $596 million for the Software & Control segment, indicating 18.8% growth from the prior year’s actual. The segment’s operating profit is pinned at $135 million, which implies a 20.3% plunge from the year-ago quarter’s reported figure.

We expect the Lifecycle Services segment’s sales to be $620 million, indicating 5.5% growth from the prior-year period’s actual. The estimate for the segment’s operating profit is pegged at $138 million, indicating a 35.1% increase from the year-ago quarter’s reported figure.

ROK Stock’s Price PerformanceIn the past year, Rockwell Automation’s shares have gained 40.1% compared with the industry’s 32.4% rally.

Image Source: Zacks Investment Research

Other Stocks That Warrant a LookHere are some other companies with the right combination of elements to post an earnings beat in their upcoming releases.

Lyft, Inc. ((LYFT - Free Report) ), expected to release earnings on Nov. 5, currently has an Earnings ESP of +5.50% and a Zacks Rank of 2.

The consensus estimate for Lyft’s earnings for the third quarter of 2025 is pegged at 30 cents per share, indicating year-over-year growth of 3.5%. LYFT has a trailing four-quarter average surprise of 15.8%.

BILL Holdings, Inc. ((BILL - Free Report) ), slated to release first-quarter fiscal 2026 results on Nov. 6, has an Earnings ESP of +0.85% and a Zacks Rank of 2 at present.

The Zacks Consensus Estimate for BILL Holdings’ first-quarter 2026 earnings is pegged at 51 cents per share, suggesting a year-over-year dip of 19.1%. BILL has a trailing four-quarter average surprise of 28%.

Allient Inc. ((ALNT - Free Report) ) is scheduled to release third-quarter 2025 results on Nov. 5. It has an Earnings ESP of +8.00% and a Zacks Rank of 3 at present.

The Zacks Consensus Estimate for Allient’s third-quarter 2025 earnings is pegged at 50 cents per share, suggesting a year-over-year rise of 61.3%. Allient has a trailing four-quarter average surprise of 31.3%.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Institutional investors are significantly accumulating XRP and Solana while offloading their Bitcoin holdings. This comes amid the launch of the new altcoin ETFs in the United States (U.S.), which provide spot exposure to these coins. 

Institutions Buy XRP And Solana While Dumping Bitcoin
A CoinShares report showed that institutional investors bought XRP and Solana while offloading BTC. The SOL funds recorded $421 million in inflows, the second largest on record, thanks to the launch of the U.S. spot Solana ETFs. XRP funds also recorded inflows of $43.2 million. Meanwhile, the Bitcoin ETFs recorded an outflow of $946 million. Notably, BTC was the only crypto asset to record an outflow. 

CoinShares noted that the outflows from the Bitcoin ETFs were likely due to Fed Chair Jerome Powell’s hawkish speech following the FOMC meeting. The Fed Chair stated that a December rate cut was far from certain, which sparked market uncertainty. Meanwhile, the XRP and Solana funds have recorded these inflows amid the launch of the new altcoin ETFs. 

Source: Chart from CoinShares
Bitwise and Grayscale Solana ETFs launched last week and had strong inflows in their first week. SoSoValue data shows that these SOL funds recorded a total weekly net inflow of almost $200 million. Meanwhile, the U.S. spot Bitcoin ETFs saw a weekly net outflow of nearly $800 million. 

Bloomberg analyst Eric Balchunas revealed that Bitwise’s Solana ETF led all crypto ETFs in weekly flows last week. This included BlackRock’s Bitcoin ETF, which he noted had a “rough week.” This also contributed to the significant decline in BTC’s price, which failed to break above the psychological $110,000 level last week. 

XRP ETFs Expected To Launch Soon
Optimism for XRP is also high at the moment, as a spot XRP ETF could launch by November 13. Asset manager Canary Capital has updated its S-1 filing to remove a delay amendment, which allows it to launch on November 13. This is expected to boost inflows into the XRP ecosystem, especially with the firm’s CEO, Steve McClurg, predicting that XRP funds could attract between $5 and $10 billion in their first month. 

It is worth mentioning that Grayscale and Bitwise have also filed amendments for their respective XRP ETFs and could launch shortly after Canary Capital’s XRP ETF goes live. These issuers are looking to take a similar route to the one they took to launch the Solana ETFs. Balchunas noted that the XRP ETF issuers didn’t have back-and-forth comments with the SEC as the Solana ETF issuers did. However, he added that it was worth a try. 

It remains to be seen where the XRP ETFs will rank alongside the Bitcoin, Ethereum, and Solana ETFs. Market expert Nate Geraci expects them to see significant demand, given the demand XRP has enjoyed among institutional investors through CME futures and futures ETFs.

XRP trading at $2.23 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Medium, chart from Tradingview.com

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts.
Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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The selloff was driven by heavy volume and over $1.4 billion in long position liquidations, pushing TON through several support zones. Nov 4, 2025, 4:43 p.m.

TON$1.9346 fell sharply over the last 24-hour period, breaking below the key $2 level amid a broader crypto market downturn that saw the CoinDesk 20 (CD20) index retreat 2.57%.

The token dropped 5.5% to $1.97, with volume surging 89% above daily averages.

STORY CONTINUES BELOW

Traders pushed TON through several support zones before it found footing near $1.92, according to CoinDesk Research's technical analysis data model.

The price action came during a broader downturn in crypto markets. Bitcoin BTC$102,675.54 dropped below $102,800, its lowest level since June, as over $1.4 billion in long positions were liquidated across the market, according to CoinGlass, intensifying downward pressure.

The drop triggered a spike in intraday volatility, with the price swinging across an 11.8% range.

TON subsequently showed signs of stabilizing with the price pushed back toward $1.99 on elevated volume. That V-shaped recovery, while modest, suggests interest may still be intact, though the token has since slumped to $1.97.

Traders are now watching the $2 level closely. A sustained move back above that line could shift momentum, but pressure remains high with scrutiny on major TON holders.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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Stellar’s XLM Slides 7.7% as Key Support Break Sparks Heavy Sell-Off

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XLM plunged below critical $0.2800 support amid a 483% volume surge, reinforcing its short-term downtrend and exposing the next downside target near $0.2700.

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XLM dropped from $0.2945 to $0.2728 in 24 hours, forming lower highs and lower lows.The breakdown below $0.2800 triggered accelerated selling with volume hitting 262.9 million tokens.A failed bounce at $0.2740 signals weak buyer conviction, with bears eyeing the $0.2700 level next.Read full story

HBAR slid 4.2% as heavy technical selling erased ETF-driven gains, with traders prioritizing short-term chart signals over long-term optimism.Updated Nov 4, 2025, 4:50 p.m. Published Nov 4, 2025, 4:50 p.m.

HBAR declined 4.2% in the 24-hour period ending Nov. 4, sliding from session peaks of $0.181 to close at $0.173 as technical selling overwhelmed recent ETF momentum.

The sell-off carved out clear bearish structure with lower highs and lower lows across the session.

STORY CONTINUES BELOW

HBAR traded within a $0.0131 range representing 7.4% volatility. The heaviest selling hit at 05:00 GMT with 171.0 million tokens changing hands—84% above the 24-hour moving average—as prices broke from $0.1775 to $0.1703 and confirmed resistance at $0.1783.

Recent 60-minute data showed HBAR entering volatile two-phase trading. Initial selling pressure drove prices from $0.1755 to $0.1726, followed by a recovery attempt to $0.1763 before renewed distribution pushed prices to session lows of $0.1721. The failure to hold above $0.1740 support signaled broader bearish control despite bounce attempts.

HBAR/USD (TradingView)

Key Technical Levels Signal Consolidation Risk for HBARPrimary support holds at $0.1700 psychological level, with resistance confirmed at $0.1783 after multiple rejection attempts.Volume activity runs 28.69% above 7-day average but remains below 30-day threshold, suggesting routine distribution rather than institutional buying.Downtrend structure forms with lower highs and lower lows, and the $0.1740 support break confirms a bearish momentum shift.Immediate resistance is at $0.1750, with downside risk extending toward $0.1700 support aligned with the previous 24-hour consolidation zone.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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Nasdaq-listed Sequans sold 970 bitcoins, cutting its bitcoin reserves to 2,264 BTC and halving its debt load.

The crypto market experienced a major shake-up on Monday as Bitcoin, Ethereum, and Solana prices tumbled between 5% and 10%, leading to over $1.27 billion in leveraged futures liquidations. The sudden downturn erased billions in bullish bets, signaling one of the largest liquidation events in recent months.

Ripple’s latest acquisition has firmly positioned the company within the heart of the US financial market, expanding its influence in the country and drawing attention to the XRP price. The new US-based spot prime brokerage firm, Ripple Prime, signals a pivotal moment not only for Ripple’s ecosystem but for the future of XRP. As analysts weigh in on this groundbreaking launch, attention is shifting to how this new development could redefine XRP’s role within institutional trading, liquidity, and settlement. 

XRP Price In Focus After Ripple Prime US Launch
In an X social media post on Monday, crypto analyst Pumpius announced that Ripple Prime is officially live in the US following the recent acquisition of Hidden Road in October. Through its newly launched Ripple Prime platform, the crypto company has formally entered Wall Street’s playing field, marking a bold step into mainstream financial markets.

By using Ripple Prime, institutional investors in the US will be able to execute Over-the-Counter (OTC) Spot transactions across major digital assets and stablecoins, including XRP and RLUSD for the first time. Pumpius asserted that this is not a pilot program or limited rollout, but Ripple’s full-scale institutional entry into the US financial system and markets. 

Additionally, the analyst emphasized that Ripple Prime is built to serve as a regulated brokerage infrastructure, offering deep multi-asset liquidity and on-demand settlement powered by XRP and RLUSD. He explained that these features place XRP at the centre of institutional trading, settlement, and liquidity aggregation. Moreover, with this integration, the XRP price, currently trading at $2.26, could experience further upward pressure, as consistent demand beyond retail usage fuels greater institutional adoption. 

Ripple has confirmed through its official website that the new Ripple Prime will expand institutional access to not just digital assets but derivatives, swaps, fixed income instruments, and others—all under one unified system. In addition, Pumpius has stated that Ripple Prime represents the “missing piece” that connects traditional capital markets to digital finance. 

XRP Moves From Retail Coin To Institutional Asset
Crypto commentator BD also shared his thoughts on the newly launched Ripple Prime on X, highlighting that the spot brokerage firm could transform XRP’s market perception. According to him, Ripple Prime gives US institutional clients direct access to XRP through the same infrastructure used for Foreign Exchange (FX) and commodities. 

BD emphasized that with this new development, XRP is no longer just a “retail coin” but is becoming institutional money. This means that XRP could potentially attract a new layer of demand, which could support its price by creating steadier trading volumes and stronger liquidity. 

Notably, Ripple announced its Ripple Prime US launch on Monday, November 3, via X. The crypto company confirmed that the new brokerage firm will help enable cross-margining of OTC spot holdings with the rest of clients’ digital asset portfolios, including OTC swaps, Chicago Mercantile Exchange (CME) futures, and options. 

Price struggles against bears | Source: XRPUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com

Chainlink Introduces CRE to Fast-Track Institutional TokenizationCRE enables smart contracts that work across blockchains and tap into legacy financial messaging standards, with access to Chainlink's services. Nov 4, 2025, 5:00 p.m.

Chainlink has launched the Chainlink Runtime Environment (CRE), a new software platform designed to let institutions deploy smart contracts across public and private blockchains with built-in tools for compliance, privacy, and data integration.

Unveiled during Chainlink’s SmartCon, CRE is part of the platform's push to become core infrastructure for financial institutions moving into blockchain-based rails.

STORY CONTINUES BELOW

Chainlink positioned CRE as a foundation for the tokenization shift, pointing out that major institutions including Swift, Euroclear, UBS, and Mastercard are adopting it “to capture the $867 trillion tokenization opportunity.”

CRE was first unveiled a year ago, where Chainlink likened the platform’s significance to that of Java’s development environment for the internet era.

Unlike previous blockchain tooling, CRE offers a single environment where developers can write smart contracts that work across multiple blockchains, tap into legacy financial messaging standards like ISO 20022, and comply with regulatory requirements.

CRE also includes access to Chainlink's existing services such as price feeds and proof-of-reserve systems.

A number of major players are already using the platform. JPMorgan’s Kinexys and Ondo completed a cross-chain settlement using CRE, while UBS Tokenize and DigiFT leveraged it for the first-ever on-chain redemption of a tokenized fund.

“Smart contracts have evolved into a more complex form, requiring synchronization across chains, connectivity to data and identity, as well as synchronization with many other existing systems,” said Chainlink co-founder Sergey Nazarov.

“These advanced institutional smart contracts have previously taken months to years to get right, and with the launch of CRE we can now reduce that down to weeks or even just days,” Nazarov added.

Chainlink plans to add privacy features in early 2026, including confidential computing for institutions that require secure handling of proprietary data. CRE is now live on multiple blockchains and open to developers.

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Bitcoin Careens Toward $100K as Morning Bounce FailsEther, XRP, dogecoin and solana are all lower by 15%-20% over the past week. Nov 4, 2025, 5:10 p.m.

Bitcoin BTC$104,608.94 continued to slide on Tuesday U.S. hours, falling below $102,000 and taking out the lows of the October 10 crash.

The largest crypto plunged 4.5% over the past 24 hours and 11.8% over the past seven days to near $101,900, its weakest since late June.

STORY CONTINUES BELOW

Ethereum's ether ETH$3,495.36 also fell below the crash lows at around $3,410, the lowest in three months and down nearly 6% today. XRP$2.2489, BNB BNB$932.19, Solana's SOL SOL$158.87, DOGE$0.1623 and Cardano's ADA ADA$0.5346 declined 5%-7% during the same period. The whole group is down by 15%-20% over the past week.

Crypto-related stocks weren't spared either. Strategy (MSTR), the largest corporate BTC owner, tumbled another 5% to its weakest price since April. Crypto exchange Coinbase (COIN) and digital asset investment firm Galaxy (GLXY) declined by similar amounts.

Investor sentiment deteriorated alongside the price action. The well-followed sentiment indicator, the Fear & Greed Index, fell to 21, indicating "extreme fear" on the market. That's the metric's most depressed reading since early April, when BTC fell below $75,000 during the tariff tantrum.

The collapse of the bitcoin treasury company bubble continues to reverberate, with those previous accumulators of BTC having begun turning sellers. Paris-based Sequans early Tuesday announced the sale of 970 BTC in order to help pay down previously accumulated debt.

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HBAR Drops 4.2% to $0.173 as ETF Buzz Fades on Technical Selling

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HBAR slid 4.2% as heavy technical selling erased ETF-driven gains, with traders prioritizing short-term chart signals over long-term optimism.

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HBAR fell from $0.181 to $0.173, breaking key support at $0.1740 levelTrading volume jumped 28.69% above weekly averages during selloff wavesSEC sets November 12, 2025 deadline for Grayscale HBAR ETF decisionRead full story

At the time of writing, Bitcoin is trading at around $102,572, suggesting a 3.04% decline in the last 24 hours. The decline extends weekly losses to 8% and monthly losses to 17%, marking a significant retreat from the cryptocurrency's recent all-time highs.

BTC Price, Source: CoinMarketCap

The pullback follows a sustained sell-off by long-term holders who have liquidated over 400,000 BTC worth approximately $42.3 billion in the past month. Market analysts view this distribution phase as a critical test of Bitcoin's ability to maintain support above six figures.

Long-Term Holders Distribute $42 Billion Worth of BitcoinLong-term holders, defined as entities that have held coins for at least six months without selling, began offloading their positions after Bitcoin reached new all-time highs above $126,000 in early October. CryptoQuant analyst Maartunn identified a net decrease of 405,000 BTC on a rolling 30-day basis.

Source: CryptoQuant

This represents nearly 2% of Bitcoin's total supply entering the market. Crypto market commentator TFTC noted that despite this substantial distribution, Bitcoin remains above the psychologically significant $100,000 level. TFTC founder Marty Bent emphasized the market's resilience, stating that absorbing this sell pressure without a 30%-50% decline signals underlying strength.

Short-term holders also contributed to the selling pressure. These investors, often characterized as "weak hands," have sent over 26,800 BTC, valued at roughly $3 billion, to exchanges at a loss over the past three days. This behavior reflects a typical pattern in which short-term holders panic during price dips and incur losses. Data suggests these holders face growing unrealized losses and may continue selling if prices decline further.

BTC: Short Term Holder Capitulation, Source: X

Technical Indicators Point to Further Downside RiskBitcoin's weekly chart reveals a falling wedge pattern after the price lost support at $114,550. The cryptocurrency now tests the 50-week simple moving average at $103,300, a critical support level that bulls are defending.

Additional support zones include the $100,000 psychological threshold and the 100-week simple moving average at $82,000. A weekly close below these levels could trigger further declines toward the wedge target of $72,000, representing a 30% drop from current prices.

BTC/USD weekly price chart. Source: Tradingview

The relative strength index shows a concerning bearish divergence. Between mid-July and early October, Bitcoin's price formed higher lows, while the weekly RSI declined from 70 to 45, resulting in lower lows. This divergence typically signals weakness in an uptrend as buyer exhaustion sets in and profit-taking accelerates.

Dogecoin price rebounds from $0.16 support as oversold conditions spark optimism for a short-term relief rally toward resistance, but caution remains over fading momentum.

Summary

DOGE defends $0.16 support after intense sell pressure.
Oversold conditions hint at a short-term rally.
Reclaiming $0.20 resistance is crucial for bullish continuation.

Dogecoin (DOGE) price is showing early signs of recovery after finding support at the $0.16 region, an area not retested since the major capitulation event earlier this year. With oversold conditions flashing across key indicators, traders are eyeing a potential short-term bounce, though overall market momentum still remains fragile.

Dogecoin price key technical points:

Major Support: $0.16, a high-timeframe level dating back to the previous capitulation event.
Immediate Resistance: $0.20, aligned with prior range highs and key moving averages.
Market Condition: Oversold on multiple timeframes, suggesting a short-term cooldown may occur.

DOGEUSDT (4H) Chart, Source: TradingView
Dogecoin’s price has retraced sharply since losing the point of control (POC), a volume-weighted level that previously acted as a strong pivot zone. The heavy sell pressure that followed drove price action into the $0.16 support region, where bulls are now attempting to stabilize conditions.

Lower-timeframe charts show early bullish reactions, with consecutive wicks forming above the $0.16 support. This often signals that demand is returning after an aggressive selloff. The intensity of the recent downward move, coupled with oversold readings on oscillators like RSI, suggests that a technical relief rally could soon materialize.

However, it’s important to note that this bounce is currently reactive rather than structural, meaning it may simply serve to alleviate oversold conditions rather than reverse the broader downtrend. The following key test lies at the $0.20 resistance, which has repeatedly capped bullish attempts in prior trading sessions.

If price action successfully reclaims $0.20 on a daily closing basis, it could mark the beginning of a broader accumulation phase, with potential upside targets extending toward $0.24. Failure to do so, however, would confirm continued weakness and likely range formation between $0.16 and $0.20 in the short term.

What to expect in the coming price action
In the near term, it is essential that Dogecoin holds its $0.16 support. Holding this zone could validate the onset of an oversold bounce and a short-term push toward resistance. Conversely, any decisive loss of $0.16 would invalidate the rebound narrative and expose DOGE to deeper corrections toward previous liquidity pockets below current levels.

The year-round lineup from Florida includes visits to top-rated destinations on Star and Harmony of the Seas, plus Oasis Class game-changing ships sailing short getaways

, /PRNewswire/ -- Sun-seekers have new ways to visit the Caribbean all year long with Royal Caribbean's next-level lineup of 2027-28 vacations to tropical destinations. Starting April 2027, vacationers can choose from a lineup of 2- to 8-night Caribbean getaways, including 7-night adventures on the show-stopping Star of the Seas and amplified Harmony of the Seas from Port Canaveral (Orlando), Florida, and Oasis Class short getaways on Utopia from Port Canaveral (Orlando) and Wonder of the Seas from Miami. Crown & Anchor Society loyalty members can book the highly anticipated vacations now on Royal Caribbean's website ahead of the official opening on Wednesday, Nov. 5.

Royal Caribbean’s newest icon of vacations, Star of the Seas, will deliver 7-night Eastern and Western Caribbean adventures from Port Canaveral (Orlando), Florida, with stops to Royal Caribbean’s top-rated destination, Perfect Day at CocoCay in The Bahamas.

Travelers are in for year-round island hopping throughout the Caribbean and The Bahamas from three Florida homeports in Port Canaveral (Orlando), Miami and Tampa. The lineup is bolder than ever with Royal Caribbean's grand return to the stunning Samaná, Dominican Republic, where show-stopping ships will take travelers on adventures like taking in breathtaking views, lounging on white sands or exploring lush jungles. Plus, vacationers can create their ultimate beach day at Royal Beach Club Paradise Island in Nassau, The Bahamas, and Royal Beach Club Cozumel in Mexico, along with Royal Caribbean's top-rated destination at Perfect Day at CocoCay in The Bahamas. The adventures are all part of Royal Caribbean's expanding collection of ultimate destinations featuring the highly anticipated Perfect Day Mexico – set to debut in late 2027, with an exact opening date to be revealed in 2026.

Year-Round Adventures

From Port Canaveral (Orlando)

Star of the Seas – The world's best family vacation returns to the Eastern and Western Caribbean with year-round 7-night getaways from Port Canaveral (Orlando). Star will bring travelers to a variety of hotspots, including bold new adventures to Samaná to enjoy hiking through waterfalls, whale watching and more. Plus, vacationers sailing to Mexico can experience their ultimate beach day at Royal Beach Club Cozumel, debuting in 2026. The Icon Class ship combines the best of every vacation with more than 40 ways to dine and drink, entertainment like "Back to the Future: The Musical," the largest waterpark at sea and more.
 
Utopia of the Seas – Delivering weekend energy all year long, the ultimate short getaway is back with 3- and 4-night vacations, visiting the award-winning Perfect Day at CocoCay and the all-inclusive Royal Beach Club Paradise Island, available with a day pass. On Utopia, there are more than 40 ways to dine, drink and party, more pools than days to count, and thrills like the 10-story Ultimate Abyss dry slide.
 
Harmony of the Seas – Following its 2026 amplification, the reimagined Harmony will call Port Canaveral (Orlando) home with 7-night adventures to destinations like Charlotte Amalie, St. Thomas; Philipsburg, St. Maarten; and Falmouth, Jamaica. Adventurers can also visit the top-rated Perfect Day at CocoCay or have their best beach day yet at Royal Beach Club Paradise Island or Cozumel. On deck, vacationers can relax at the new Caribbean-inspired pool deck, sip on tropical drinks at the new The Lime & Coconut, and dive into bold bites at more than 20 spots.
From Miami, Florida

Wonder of the Seas – From Miami, vacationers can choose between 3- and 4-night getaways on Wonder to The Bahamas and Perfect Day at CocoCay. In Nassau, vacationers can purchase day passes to Royal Beach Club Paradise Island, opening December 2025. In between it all, Wonder delivers epic thrills like the Ultimate Abyss, bold bites at favorites like The Mason Jar, next-level play for all ages and more.
From Tampa, Florida

Radiance of the Seas – Radiance makes its way to Tampa for a combination of 4-, 5-, 6- and 8-night Western Caribbean vacations and take adventures to Mexico to the next level with visits to Royal Beach Club Cozumel. The memory-making continues on board with a rock-climbing wall, poolside movie nights under the stars and a variety of dining spots.
More information on the new and upcoming adventures can be found on Royal Caribbean's website.

About Royal Caribbean 
Royal Caribbean, part of Royal Caribbean Group (NYSE: RCL), has delivered memorable vacations for more than 50 years. The cruise line's game-changing ships and exclusive destinations revolutionize vacations with innovations and an all-encompassing combination of experiences, from thrills to dining and entertainment, for every type of family and vacationer. Voted "Best Cruise Line Overall" for 22 consecutive years in the Travel Weekly Readers Choice Awards, Royal Caribbean makes memories with adventurers across more than 300 destinations in 80 countries on all seven continents, including the line's top-rated exclusive destination, Perfect Day at CocoCay in The Bahamas. 

Media can stay up to date by following @RoyalCaribPR on X and visit www.RoyalCaribbeanPressCenter.com. For additional information or to book, vacationers can visit www.RoyalCaribbean.com, call (800) ROYAL-CARIBBEAN or contact their travel advisor. 

SOURCE Royal Caribbean International

Michael Burry's hedge fund holds put options on 1 million Nvidia (NVDA) shares and 5 million Palantir (PLTR) shares, worth $186.58M and $912.1M respectively. Nvidia stock has surged over 1,300% in five years to near $200, while Palantir shares have climbed 1,700% over the same period.