Market Signal Briefing

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Binance founder Changpeng Zhao, known as CZ, has reignited the long-running debate between Bitcoin (BTC) and gold. He predicts that the top cryptocurrency will eventually surpass the metal’s $30 trillion market value.

CZ Reignites Bitcoin vs Gold Debate With Bold Prediction
His post on X quickly went viral, stating, “Prediction: Bitcoin will flip gold. I don’t know exactly when. Might take some time, but it will happen. Save the tweet.”

Prediction: Bitcoin will flip gold.

I don’t know exactly when. Might take some time, but it will happen. Save the tweet. pic.twitter.com/bR4Bq0JeVE

— CZ 🔶 BNB (@cz_binance) October 20, 2025

Gold remains the world’s largest-valued asset with a market capitalization near $30 trillion. The leading cryptocurrency is ranked eighth globally and worth around $2.2 trillion in overall evaluation. Currently, BTC price is above $110,000.

The remark sparked a wave of responses across the crypto community. Analyst CryptoGao commented that gold continues to hit new all-time highs. He also stated that Bitcoin will “catch up and surpass gold” within months, calling CZ’s forecasts historically accurate.

Also, market analyst Ben Todar supported the claim. Todar argued that Bitcoin is “harder, faster, and borderless, a superior form of money for the digital world.”

Other analysts share a similar outlook. Some even suggested it’s time to sell gold and buy Bitcoin as market indicators signal a potential bottom for digital assets.

Todar described gold as a symbol of the physical age and Bitcoin as its internet-age successor. The analyst further said it is possible to transfer Bitcoin instantly and verify it on-chain.

Scaramucci Backs CZ, Predicts BTC Reaching Gold Parity
Adding to the conversation, billionaire investor Anthony Scaramucci echoed CZ’s optimism in a live interview on CNBC. Scaramucci predicted BTC price could reach $1.5 million, achieving what he called “gold parity.”

He said institutional adoption was accelerating thanks to BlackRock’s BTC ETF and compared today’s environment to the early 2000s tech boom. “Ten years from now, we’ll look back and realize Bitcoin reached parity with gold,” he said.

Recent moves by major firms appear to support his view. Strategy’s latest Bitcoin purchase underscores how institutional players continue to increase exposure amid market rebounds.

Scaramucci also stressed that younger generations prefer Bitcoin over traditional hedges. The billionaire investor added that while older investors still favor gold, the next wave of wealth will move toward digital assets.

He described Bitcoin as resilient, calling it “a cockroach that survives everything.” He also claimed that even market downturns will not erase its long-term potential.

Not everyone agrees. Veteran gold supporter Peter Schiff countered that “gold is the biggest threat to Bitcoin.” He argued that the crypto industry is attacking gold because it threatens Bitcoin’s narrative as digital gold.

Schiff said gold’s renewed strength leaves “no reason for anyone to buy Bitcoin instead,” framing the metal as the more stable hedge amid market uncertainty.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

XRP’s price has stabilized after its recent crash and is now making a slow recovery to $2.50 with early signs of renewed strength. The cryptocurrency is now under close observation by traders waiting for the next decisive move. One such observation is an ambitious forecast that has surfaced online, projecting an astronomical rally for XRP. 

A crypto commentator known as Remi Relief shared a post on the social media platform X, using artificial intelligence to support his claim that XRP could reach as high as $1,700 if it repeats its explosive run from 2017 to 2018.

The Analyst’s AI-Backed Projection
In his post, Remi Relief revisited XRP’s 2017 rally, noting that the token had surged by about 76,000% rather than the commonly cited 64,000%. He explained that if XRP were to replicate that same level of growth in the current market cycle, its price could reach around $1,700. 

The image attached to his post, which appears to be an interaction with Grok 3, an artificial intelligence tool, illustrated this calculation by adjusting previous errors in the percentage increase. 

According to the AI’s analysis, XRP’s 2017 rise from $0.005 to $3.84 represented an actual gain of about 76,700%. When this growth rate is applied to XRP’s present market value, the resulting projection points to an estimated price of $1,697.27, rather than the previously calculated figure of $1,414.40. 

Grok concluded that although earlier projections contained mathematical inaccuracies, the underlying argument that XRP remains capable of another extraordinary price expansion fits within the speculative nature of crypto price projections.

Taking this correction into account, Remi Relief revised his earlier outlook, abandoning his initial $1,200 target and adopting the higher $1,700 estimate as a more accurate reflection of what a repeat of XRP’s 2017 to 2018 rally could achieve for its current price.

The Fine Line Between Optimism And Reality
The crypto market that witnessed XRP’s rise in 2017 was an entirely different one from what exists today. Back then, the industry was still in its experimental phase, and investments were mostly due to hype and unregulated enthusiasm. 

Retail investors poured in with little resistance, and even small inflows had an outsized effect on token prices because overall liquidity and capitalization were relatively low. Particularly, XRP’s 76,000% rally occurred in an environment where total crypto market capitalization was under $1 trillion.

To replicate that same magnitude of rally now, XRP would need capital inflows on a scale that is greater than anything the crypto market has ever witnessed. An XRP price of $1,700, given its current circulating supply of around 59.97 billion tokens, would translate to a market cap exceeding $101 trillion. This is an astronomical figure that surpasses the combined value of the entire world’s GDP.

At the time of writing, XRP is trading at $2.47, up by 5.9% in the past 24 hours.

XRP trading at $2.47 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com

The U.S. Federal government shutdown entered its 20th day on Monday, but signs of an imminent resolution are thawing markets. Bitcoin Reclaims $111K as White House Hints at Resolution of Government Shutdown White House Economic Advisor Kevin Hassett, hinted at a possible resolution to the legislative impasse behind the U.S.

Journalist

Posted: October 21, 2025

Key Takeaways
What’s happening with the Ethereum whale?
A whale entity borrowed 64,000 ETH [around $280 million] from Aave using $420 million in USDC as collateral.

What does this move mean for Ethereum?
The move signals growing bearish sentiment following ETH’s drop below $3,900.

A major crypto whale has just opened one of the largest short positions on Ethereum in months, according to on-chain data shared by an analyst.

The entity supplied $420 million in USDC to the Aave lending protocol and borrowed 64,000 ETH, worth roughly $280 million.

Shortly after, the borrowed ETH was transferred to Binance, suggesting that the whale intends to sell it immediately on the open market.

This type of transaction, borrowing an asset and moving it to an exchange, is a classic setup for a short position. The trader profits if ETH’s price falls and can later buy back the ETH at a lower price to repay the loan.

Ethereum market sentiment turns cautious
The large short aligns with a broader shift in market sentiment. Data from Coinglass shows Ethereum’s long/short ratio at 0.98, with shorts making up 50.4% of leveraged positions as of 20 October.

This slight dominance of short positions reflects a growing sense of caution among traders following ETH’s decline in the last seven days.

The token is now trading around $3,950, down from early-October highs above $4,300.

Source: Coinglass

If the price continues to slide, this whale could see substantial profits. However, a sharp rebound could trigger liquidations, forcing the position to close at a loss, a scenario that might fuel a short squeeze.

At the current price, short liquidation is approximately $80 million, while the long position is valued at almost $60 million.

Context: Rising volatility and macro uncertainty
Ethereum’s downturn mirrors the broader market weakness that followed last week’s Bitcoin-led correction.

The overall crypto market cap has seen some declines in the past seven days, pushing the Fear and Greed Index deep into “fear” territory.

Traders now watch to see if this whale’s move marks the start of wider institutional short positioning, or if it sets the stage for a potential rebound driven by oversold market conditions.

As of this writing, Ethereum remains under pressure, but funding rates across major exchanges remain positive.

In brief
Four Polymarket users have collectively wagered $62,000 that Satoshi Nakamoto will move some Bitcoin this year.
Odds on the prediction market spiked to 15% last week, up from just 2% at the start of the month.
Traders are speculating that the bettors may be insiders, or are predicting that the resolution source is unreliable.
Polymarket odds that the elusive, pseudonymous Bitcoin creator Satoshi Nakamoto will move BTC from his wallets this year climbed from 2% at the beginning of the month to a peak of 15% last week, as some users bet big on Satoshi's comeback.

The move is the result of tens of thousands of dollars being placed on Satoshi’s return over the past seven days, fueling speculation that someone may have inside knowledge over what the long-silent Bitcoin creator might be planning to do.

Bitcoin was created in 2008, with its founder (or founders) hiding behind a pseudonymous mask as Satoshi Nakamoto. To this day, the public remains unaware of Satoshi's identity—whether it's a man, woman, or a group. The crypto inventor is believed to own approximately 1.1 million BTC—about $121 billion worth—and has never moved any of it.

However, over the past week, more than $62,000 has been wagered by four Polymarket users that Satoshi will move some of these funds before the end of the year. Two of these wallets were freshly funded to bet a total of $30,000 on the Satoshi market, raising suspicions that an insider is attempting to cover their tracks.

“Two fresh wallets started aggressively buying YES,” pseudonymous Dune dashboard creator Dash wrote on X. “Both only hold that singular position. Do they know something we don't?”

Two fresh wallets started aggresively buying YES on @Polymarket's "Will Satoshi move any Bitcoin in 2025?" 5 days ago.

Both only hold that singular position. Do they know something we don't?

0x46596a2fc634a734edc058b4def0b359d5b5959d
0x923fd5d5ec31899239e91e30fd11626634e8bde7 pic.twitter.com/eDYiWtRhMl

— dash (@datadashboards) October 19, 2025

Aside from speculation that the Polymarket wallets are controlled by Satoshi himself, a prominent theory is that the users are speculating over the reliability of the resolution source.

The market resolves “Yes” if any wallet labeled as Satoshi’s on the Arkham Intelligence shows an outflow or swap. These 22,000 wallets, Arkham said, were added in adherence with the Patoshi Pattern—which describes the pattern of mining found in early Bitcoin blocks. A single miner mined the first 22,000 blocks using the distinctive behavior, and many believe this miner was Satoshi himself. 

Users are speculating that the Polymarket bettors may believe that the Patoshi Pattern is wrong, or that Arkham has mislabeled a handful of wallets. Others have wrongly speculated that Arkham Intelligence only added these 22,000 wallets recently, which would surely increase the odds of BTC being moved—but the platform added the wallets in February.

“The easiest explanation here is that he is a degen cosplaying as an insider,” Polymarket trader Euan wrote on X. “There [aren't] many plausible theories for how this market could resolve Yes. My opinion is that it's highly likely he's a degen, but if so, it's an objectively awful bet.”

If Satoshi does in fact move Bitcoin before the end of the year, the bets could prove to be the latest display of insider activity on Polymarket.

Earlier this month, for example, odds that Venezuelan resistance leader Maria Corina Machado would win the Nobel Peace Prize shot up from near-zero to over 70%—hours before the ceremony kicked off. The organizers of the Nobel Peace Prize have since opened an investigation into the case.

A Polymarket user, RememberAmalek, stepped forward as one of the people betting on Machado, although he refused to clarify why he believed Machado would be the winner.

Ultimately, prediction markets strive to be accurate rather than fair. As such, insider knowledge is part of the design—not a flaw in it. 

“If the point of [prediction] markets is to get accurate information on the prices, then you definitely want to allow insiders to trade, even if that discourages other people from betting because that makes the prices more accurate,” Robin Hanson, a George Mason University professor, told Decrypt in an interview last year. “And that's the priority.”

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

TL;DR:

BitMine expands its ETH holdings to 3,236,014 million after purchasing 203,826 tokens in one week.
With total assets of $13.4 billion, the company aims to reach 5% of Ethereum’s supply.
The purchase occurred during a period of massive sell-offs, raising both opportunities and questions of liquidity and asset concentration.

BitMine Immersion Technologies has increased its reserves to 3,236,014 million ETH coins after acquiring 203,826 tokens in the last week, representing approximately 2.7% of the total Ethereum supply. This increase attracted attention not only because of the size of the accumulated asset but also because of the speed at which it took place amid a context of high volatility and massive liquidations.

What does this strategy reveal, and what are its implications?
BitMine has stated that its combined holdings of cryptocurrencies, cash, and equity reach $13.4 billion, making it the world’s largest ETH treasury and the second largest in corporate crypto assets. The intensive purchase is part of a stated goal of reaching a 5% holding of Ethereum‘s supply, underscoring an aggressive bet on this asset while other players have been more cautious.

The context is crucial: the acquisition came after an episode of massive sell-offs that affected the crypto market, causing prices to temporarily drop and leaving buying opportunities for prepared players. By taking advantage of the decline, BitMine reinforces its narrative of buying during weakness, a strategy that elicits both admiration and questions about sustainability.

While accumulating more than 2% of the ETH supply is a sign of conviction, it also raises questions about capital concentration and the impact that such a degree of accumulation may have on future liquidity for other participants. In addition, the corporate treasury strategy differs radically from many traditional establishments in the crypto ecosystem, which often operate with more dispersed models.

Ultimately, BitMine’s move is as puzzling as it is ambitious. We will see if this cycle of rapid accumulation can be sustained without generating systemic tensions or lowering the guard of those observing from outside the institutional circle. The big question is whether this accelerated accumulation reflects a new stage of institutional maturity in crypto or simply another risky move.

Pantera-Backed Solana Company Brings Forward PIPE Unlock as Stock Price Plunges 60%The firm said it is "ripping the band-aid off" by allowing early investors to sell shares ahead of schedule. Oct 20, 2025, 7:33 p.m.

Solana Company (HSDT), the digital asset treasury firm formerly known as Helius Medical Technologies and backed by Pantera Capital, has moved ahead with unlocking shares for early investors in its $500 million PIPE round as the company’s stock trades below the initial purchase price.

The shares, sold in a private placement in September at $6.881 each, has become eligible for sale earlier than scheduled, the firm said in a Monday press release. HSDT shares have tumbled to around $6.50 following a steep three-session decline that wiped nearly 60% from its market value, including a 17% drop on Monday.

"'Ripping off the band-aid' is the approach we are confidently taking, while many other DATs are choosing to stall," the company posted on X on Monday.

"The pressure on our stock price that comes with the effectiveness of the resale registration statement will likely shake out weak hands, but we believe this will also establish a remaining foundation of committed long-term shareholders," Joseph Chee, executive chairman of the firm, said in a statement.

Private placement in a public equity deals, or PIPE in short, allow institutional investors to buy shares of public companies at pre-set prices, often at a discount. It has become a favored method among recently launched digital asset treasury firms for raising capital quickly to accumulate cryptocurrencies.

However, several firms saw their stock prices collapse when sale registration for PIPE investors went live, raising doubts about the structure's sustainability in crypto markets.

HSDT's stock surged above $25 following the PIPE deal before plunging over 70% as the digital asset treasury hype across the market fizzled out.

Read more: The Rise and (Mostly) Fall of the PIPE Model in Bitcoin Treasury Strategies

Higit pang Para sa Iyo

Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.

View Full Report

More For You

AAVE Bounces Over 10% in Strong Weekend Recovery Amid RWA Integration Plans

Onchain capital allocator Grove shared plans to boost Ripple USD, USDC stablecoin liquidity on Aave's institutional lending arm Horizon for tokenized asset-backed borrowing.

What to know:

AAVE was one of the strongest performers from the Friday lows, up over 10% by Monday.Resistance emerged at around $231 amid multiple failed attempts to break through.Grove announced plans to supply stablecoin liquidity to Aave’s Horizon market, underscoring the protocol's growing momentum in tokenized real-world asset lending.Read full story

Investors looking for a blend of red-hot winners and beaten-down cash cows have come to the right place.

With a little over two months left in the year and the major indexes hovering around all-time highs, many investors may be feeling uneasy about stock market valuations and how long the artificial intelligence (AI)-fueled rally can last. Whereas others may view AI as a game-changer that will boost productivity, earnings growth, and investment returns over the long run.

Regardless of where you stand, it's a mistake to overhaul your investment strategy based on emotion. A better approach is to be selective by targeting companies you believe are worth their valuation, even if there's an economic downturn, a slowdown in AI spending, or any other factor that could throw a wrench in near-term guidance.

Here are five growth stocks I'm particularly excited about for 2026.

Image source: Nvidia.

Betting big on AI
With many AI stocks trading at premium valuations, investors need to ensure that they aren't just betting on one aspect of the AI value chain. Nvidia (NVDA), Oracle (ORCL), and ASML (ASML) are three completely different companies with multi-year growth potential from AI.

Nvidia
Up over 34% year-to-date, Nvidia is on track to beat the S&P 500 (^GSPC) this year, even after surging over 800% between the start of 2023 and the end of 2024. And yet, it still isn't overvalued because it continues to grow earnings at a breakneck pace.

Nvidia's advanced graphics processing units (GPUs) and associated software are especially good at handling complex AI workloads. As long as hyperscalers keep pouring capital expenditures into data center buildouts, Nvidia's earnings should show no signs of slowing down.

Oracle
One of those high-growth hyperscalers is Oracle. Oracle Cloud Infrastructure is a distant fourth in market share behind Amazon Web Services, Microsoft Azure, and Alphabet-owned Google Cloud. However, I could see Oracle becoming the top cloud for AI by 2031.

Granted, this forecast is contingent on OpenAI's 10-gigawatt data center build moving forward on schedule. But outside of OpenAI, Oracle is still incredibly well-positioned to take market share from the industry veterans because its centers are purpose-built for AI rather than general computing.

Oracle is by far the riskiest stock on this list, but it could be worth a closer look for folks interested in a truly groundbreaking multi-year investment idea.

ASML
ASML is arguably the simplest way to bet big on AI. The company makes photolithography equipment for semiconductor manufacturing. Photolithography is the most crucial step of chip production because it involves printing designs on silicon wafers.

ASML has a monopoly on ultra-advanced machines called extreme ultraviolet (EUV) systems that reflect light to achieve short wavelengths. These machines are essential for printing small features and packing more transistors per chip, which is needed for parallel compute units like GPUs made by Nvidia.

In short, ASML is a catch-all way to invest in the growing demand for AI chip production.

A contrarian tech stock
AI is challenging the software-as-a-service business model for companies like Adobe (ADBE).

Adobe relies on subscriptions billed monthly or annually, depending on the number of users. But if users can do more with less, then companies may need fewer subscriptions. Or if a rival AI-powered tool can replicate some of the functions of Adobe's Creative Cloud suite for a fraction of the cost, that could erode Adobe's once seemingly impenetrable moat.

Despite these risks, Adobe's discounted valuation is simply too cheap to ignore. The stock is down 26% year to date and has fallen 34.5% over the last five years -- a period in which the S&P 500 is up 90%. Adobe is trading at just 20.5 times earnings and 15.2 times free cash flow compared a five-year median price-to-earnings ratio of 43.6.

While Nvidia, Oracle, and ASML all fetch premium valuations for their multi-year growth potential, Adobe is valued as if its best days are behind it. I think it's a mistake to count out Adobe. The stock could be an especially good buy for investors looking for tech stocks at a good value for 2026.

Netflix's recession-resistance makes it worth a premium valuation
Branching outside of tech is communications giant Netflix (NFLX). Like Nvidia and Oracle, Netflix is one of the "Ten Titans," a group of growth stocks that make up a staggering 39% of the S&P 500.

Netflix has an expensive valuation, but it is one of the highest-quality companies on the market. Consumers are pulling back on discretionary spending due to inflationary pressures and a higher cost of living. So one might think that Netflix could lose some subscribers, or at least some of its pricing power. But that's hardly been the case, as Netflix continues to grow its cash flows at a breakneck pace thanks to higher revenue and expanding margins.

It's easy for a company to do well when the operating environment is favorable. But it's the companies that can deliver even amid challenges that are worth buying and holding over the long term.

Netflix's record results are a litmus test for growth investors. They show that consumers are prioritizing their Netflix subscriptions over alternative entertainment options, which is a testament to Netflix's value. It's also a sign that the service is resistant to recessions, which is appealing for investors who feel uneasy about what the economy or stock market will do in 2026.

Daniel Foelber has positions in ASML, Adobe, and Nvidia and has the following options: long January 2028 $300 calls on Adobe and short November 2025 $820 calls on ASML. The Motley Fool has positions in and recommends ASML, Adobe, Alphabet, Amazon, Microsoft, Netflix, Nvidia, and Oracle. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

Last month’s suspension of Jimmy Kimmel Live! coincided with a doubling of subscriber churn rates on Disney+ and Hulu, according to the latest streaming report from Antenna.

Churn, the industry term for the number of subscribers canceling their service in a given period, hit 8% on Disney+ and 10% on Hulu. Their levels in August were 4% and 5%, respectively.

During the days-long Kimmel affair, a flurry of posts on social media, including from A-listers like Howard Stern, indicated that some Disney+ subscribers had opted to drop their service as a protest against Disney. ABC paused the show after a joke by Kimmel about Donald Trump supporters’ reaction to Charlie Kirk’s shooting death drew fierce backlash from Trump and his appointee to lead the FCC, Brendan Carr.

Monday’s report of September subscriber numbers was also accompanied by new Antenna data on initial traction for Fox One and ESPN‘s new stand-alone service. Through September 30, ESPN hit 2.1 million signups and Fox One was at 1.1 million, the measurement firm said. Both outlets launched August 21.

The figures do not include existing Disney subscribers who switched to ESPN from other plans, or pay-TV subscribers who activated the services through an MVPD partnership, Antenna said. Fox Corp. and ESPN have both characterized the sports-focused services as complements to their traditional pay-TV businesses, declining to offer subscriber projections.

Sign-ups for the services, which are offered in a bundle, tend to spike around weekends. Fox One saw an especially big surge ahead of the September 14 NFL game between the Philadelphia Eagles and Kansas City Chiefs, a rematch of last February’s Super Bowl.

The ESPN Unlimited and ESPN Select tiers are available as bundles with Disney+ and Hulu. Perhaps not surprisingly, Antenna said two of three sign-ups came via a bundle.

In the Kimmel/Disney situation, which saw the show go dark for nearly a week, several caveats apply to the data. During the standoff, Disney was also implementing previously announced price increases across its streaming portfolio. As a rule, price hikes always increase churn in the short term, though generally the math favors them for programmers in the longer run.

Additionally, it wasn’t just Disney seeing elevated churn in September. HBO Max hit 9% churn, up from 8% in August, and the weighted average of all services climbed to 7% from 6%, with Starz, Paramount+ and Apple TV all on the rise. That trend is in line with data from Nielsen on overall TV usage in September, annually a time when football has keyed a resurgence in pay-TV viewing and a pullback from streaming in recent years.

Bank of America said it expects Microsoft Corp (NASDAQ:MSFT) to post slightly better-than-expected fiscal first-quarter results, citing strong demand for cloud and security products and growing investments in artificial intelligence infrastructure.

Ahead of Microsoft’s quarterly report on October 28, the bank said checks with channel partners indicate deal activity “remains healthy with inline or better results,” suggesting potential revenue upside of 0% to 1% versus its $77 billion forecast, up 18% from a year earlier.

The analysts cited workload migration to Azure, along with robust demand for security and application products, as key growth drivers.

Azure revenue is expected to grow about 39% year-over-year, slightly above Bank of America’s base case, despite some softness in other workloads linked to capacity constraints and longer enterprise planning cycles for AI integration.

“These dynamics are positive longer term as customers embed Microsoft more deeply within the enterprise,” the analysts wrote, adding they see upside in Microsoft’s productivity and business processes segment, supported by steady demand for Office E3 and E5 subscriptions.

Bank of America highlighted capital expenditure trends as a potential catalyst for the stock, noting Microsoft’s “strategic and measured approach” to AI infrastructure expansion and growing visibility into compute investments. The bank expects capital spending to rise above consensus estimates of $115 billion for fiscal 2026 to about $125 billion, or 38% of revenue.

While Microsoft shares have underperformed since its last quarterly report, Bank of America said upward revisions to capital spending and margins, as well as accelerating growth in commercial Office products, could lift sentiment.

The brokerage has a “Buy” rating and $640 price objective on the stock, calling Microsoft a top pick and an “AI leader in both applications and infrastructure.”

Key Takeaways
Cleveland-Cliffs shares rocketed higher Monday afternoon after the steelmaker showed interested in mining rare earths, saying that two of its sites show promise.The steelmaker also reported a narrower-than-anticipated quarterly loss.

Shares of Cleveland-Cliffs (CLF) popped 20% Monday afternoon after it shared some news along with its third-quarter earnings: The steelmaker said it wants to get into the rare earths mining business.

CEO Lourenco Goncalves said “the renewed importance of rare earths has driven us to re-focus on this potential opportunity at our upstream mining assets.” He added that after looking at its mines, the company believes sites in Michigan and Minnesota show the most promise.

Goncalves said that if the company is successful in producing rare earths, “it would align Cleveland-Cliffs with the broader national strategy for critical material independence, similar to what we achieved in steel.”

Most of the world's rare earths are produced in China, and American companies that produce them have seen their shares soar recently as the key minerals used in a wide range of high-tech products from electric vehicles to smartphones have become a major source of contention in U.S.-China trade tensions. Shares of other companies in the sector were also higher in recent trading, as President Trump met with Australia Prime Minister Anthony Albanese to sign an agreement on rare earths.

Why This News Is Significant
Cleveland-Cliffs' foray into rare earths comes after China moved to curb exports, and as the Trump administration looks to reduce reliance on China for the minerals.

Along with the rare earths news, Cleveland-Cliffs reported a narrower-than-expected loss for the third quarter. Its adjusted loss of $0.45 per share was slightly better than what analysts surveyed by Visible Alpha were looking for. Revenue was up 3.6% to $4.73 billion, below forecasts.

Goncalves said the performance “marked a clear sign of demand recovery for automotive-grade steel made in the USA, and that is a direct consequence of the new trade environment implemented and enforced by the Trump Administration.”

Cleveland-Cliffs also lowered its estimate of full-year capital expenditures to $525 million from the previous outlook of $600 million, and selling, general & administrative (SG&A) costs by $25 million to $550 million. 

Do you have a news tip for Investopedia reporters? Please email us at

[email protected]

October 20, 2025 2:16 PM EDT | Source: ARIDGE
Dubai, United Arab Emirates--(Newsfile Corp. - October 20, 2025) -  XPENG AEROHT, Asia's largest flying car company, has marked a major milestone in its global expansion with the successful public manned flight of its modular flying car, the Land Aircraft Carrier, in Dubai. The event also saw record regional orders for 600 vehicles and the announcement of the company's new global brand identity, ARIDGE.

The manned flight demonstrated the Land Aircraft Carrier's controllability and reliability under real-world conditions. It followed XPENG AEROHT's receipt of a special flight permit from the UAE's General Civil Aviation Authority (GCAA), making it the first Chinese flying car company to obtain permission for an overseas manned aircraft flight.

The Dubai showcase was attended by dignitaries including H.H. Sheikh Al Mur bin Maktoum Al Maktoum, H.H. Sheikh Humaid Abdulla Rashed Ahmed Almualla, and Ms. Ou Boqian, Consul General of China in Dubai, along with members of the local Chinese community and more than 100 international media outlets.

During the event, XPENG AEROHT signed purchase agreements with the UAE-based Ali & Sons Group, Qatar's Almana Group, Kuwait's ALSAYER Group, and the Chinese Business Council in the UAE. The 600-vehicle order represents the largest overseas bulk purchase recorded in the flying-car sector and brings total global pre-orders for XPENG AEROHT's models to more than 7,000 units. The Middle East is expected to become the company's first international consumer market, with sales projected to begin as early as 2027.

The Land Aircraft Carrier is the world's first modular flying car to reach mass production. Its air module, stored within a ground "mothership" vehicle, can detach and reattach automatically with a single command, allowing seamless transitions between driving and flying. The vehicle supports both automatic and manual flight modes, featuring a single-stick control system that merges six operations into one joystick for intuitive piloting.

XPENG AEROHT has completed an intelligent manufacturing facility in Guangzhou capable of producing up to 10,000 units annually, combining aviation-grade standards with automotive-scale efficiency. Customer deliveries of the Land Aircraft Carrier are scheduled to begin in 2026.

In parallel, the company has made steady progress toward certification. The Type Certificate (TC) application for the flight body (code-named X3-F) and the Production Certificate (PC) application for the airframe have both been accepted by the Civil Aviation Administration of China (CAAC), marking a significant step toward mass-production compliance under aviation-grade oversight.

Building on this momentum, XPENG AEROHT announced that it will operate globally under the new brand ARIDGE. The name, derived from "Air" and "Bridge," reflects the company's founding vision of connecting the sky and the earth and of making flying as accessible as driving. The rebrand signifies the company's transition from a pioneering R&D phase to large-scale commercialisation and international expansion.

Under the ARIDGE name, the company is also developing the A868, a high-speed, long-range flying car featuring full tiltrotor technology and a hybrid electric powertrain. With a range exceeding 500 kilometres, a top speed of more than 360 km/h, and a six-seat cabin, the A868 extends the company's product line into business travel and urban air-mobility services.

From its first Middle East demonstration flight of the X2 in 2022 to its CES 2024 debut and now the Dubai manned flight of the Land Aircraft Carrier, XPENG AEROHT, now ARIDGE, has advanced rapidly toward real-world adoption of flying cars. The latest achievements underline how far the company has come in turning the long-held vision of personal flight into a practical reality.

ARIDGE Media Contacts:

Sabrina Wan
Tel: +44 7762 856282
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271101

Milestone underscores ERAO's successful turnaround, operational efficiency, and strategic transition toward the health and wellness sector. PRESCOTT, AZ / ACCESS Newswire / October 20, 2025 / Energy Revenue America, Inc. (OTC:ERAO) ("ERAO" or the "Company") today announced financial results highlighting three consecutive quarters of net income, marking a significant milestone in the Company's operational and financial turnaround.

The Roblox logo is displayed on a banner, to celebrate the company's IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, U.S., March 10, 2021. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab

Oct 20 (Reuters) - Republican Florida Attorney General James Uthmeier said his office is issuing criminal subpoenas to Roblox Corp

(RBLX.N), opens new tab, calling the video gaming platform a "breeding ground for predators" that puts children at risk.

In a video posted on X, Uthmeier accused Roblox of profiting from children while failing to protect them. "They enabled our kids to be abused," he said.

Sign up here.

The subpoenas will allow prosecutors to gather more information about the alleged criminal activity on the platform, including evidence related to suspected predators and victims, according to Uthmeier.

Roblox has long faced questions over children's safety, a concern highlighted by a short seller report from Hindenburg Research in October last year.

The concerns prompted Roblox to invest heavily in protecting younger users on its platform by tightening messaging rules for children under 13, intensive content moderation and AI-powered monitoring.

In an emailed statement to Reuters, Roblox said it prohibits sharing images and videos in chat, uses filters designed to block the exchange of personal information, and is working to implement age estimation for all users accessing chat features.

"While no system is perfect, our trained teams and automated tools continuously monitor communications to detect and remove harmful content," a Roblox spokesperson said.

Iraq banned Roblox late on Sunday, citing concerns that the platform enables direct user communication exposing children and adolescents to potential exploitation or cyber-extortion, and saying its content was "incompatible with social values and traditions."

Roblox faces mounting scrutiny in the U.S., with multiple lawsuits, including by the Louisiana attorney general and an earlier case in San Francisco, alleging it fails to implement adequate safety measures and enables sexual predators to exploit children.

Reporting by Juby Babu in Mexico City; Editing by Tasim Zahid

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Rider Magazine announces Motorcycle of the Year (MOTY) award at 2025 Big East Powersports Show.

, /PRNewswire/ - Can-Am, iconic brand of BRP Inc. (TSX: DOO) (NASDAQ: DOOO), is thrilled to announce that its Can-Am Canyon Redrock model was named 2025 Motorcycle of the Year by Rider Magazine. The announcement was made during the Big East Powersports Show in Syracuse, New York, marking the first time a 3-wheel vehicle has ever received this prestigious award from a leading motorcycle publication. This milestone recognition highlights Can-Am's ongoing commitment to innovation, design excellence, and redefining the open-road riding experience.

Can-Am 3-Wheel Vehicle, the Canyon Redrock, is named Motorcycle of the Year by Rider Magazine. Photo by Align Media. (CNW Group/BRP Inc.)

"For nearly two decades, BRP's Can-Am brand has been knocking down barriers and bringing more on-road riders into the fold, and we applaud its efforts. It has taken an unconventional approach, one that created a unique segment of passionate and loyal 3-wheel vehicle owners. And, with its new Pulse and Origin electric motorcycles, Can-Am continues to march to its own drummer. That sort of creativity, fortitude, and vision are worth celebrating," said Greg Drevenstedt, Chief Editor at Rider Magazine.

"We are extremely excited and honored to receive the 2025 Rider Magazine Motorcycle of the Year award with our all-new Can-Am Canyon Redrock edition," said Elsa Vilarinho, Director of Marketing, Can-Am On-Road. "This recognition marks an historic moment for both Can-Am and the motorcycle industry, especially after only one year in the market for the Canyon. Our mission to democratize the open-road continues with the Canyon lineup, bringing a new level of versatility and accessibility to the world of adventure touring."

In its inaugural year of production, the rugged Can-Am Canyon has reimagined what the 3-wheel riding experience can be. Purpose built for adventure, the Canyon features higher ground clearance, longer suspension travel, all-road wheels, advanced technology, practical features, and unmatched storage capacity. Together, these features deliver a blend of balance, exhilaration and the piece of mind that empowers riders of all skill levels to explore with ease out on the open road or on the road less traveled.

The Can-Am Canyon lineup is available in three distinct trims — Standard, XT, and Redrock — each engineered to take on any adventure, from quick trips on unexplored roads or multi-day excursions. Enhanced with 25 purpose-built accessories designed specifically for the Canyon platform, riders have the freedom to personalize their vehicle with components such as adventure front bumpers, LED fog lights, LinQ storage systems, protective covers, factory trailer hitch and windshields designed for both style and function. For more information about the Can-Am Canyon and the full lineup of Can-Am 3-wheel vehicles, visit your local Can-Am dealer or explore www.can-am.brp.com.

About BRP

BRP Inc. is a global leader in the world of powersports products, propulsion systems and boats built on over 80 years of ingenuity and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Quintrex boats and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds. The Company completes its lines of products with a dedicated parts, accessories and apparel portfolio to fully optimize the riding experience. Committed to growing responsibly, BRP is developing electric models for its existing product lines. Headquartered in Quebec, Canada, BRP had annual sales of CA$7.8 billion from over 130 countries and employed approximately 16,500 driven, resourceful people as of January 31, 2025.

www.brp.com
@BRPNews

Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Quintrex and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.

SOURCE BRP Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+

Newsrooms &

Influencers

9k+

Digital Media

Outlets

270k+

Journalists

Opted In

Names across the A.I. space rallied Monday on the back of Nvidia (NVDA) unveiling its first Blackwell wafer produced at TSMC's (TSM) Phoenix plant.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This article is intended to provide informational content and should not be viewed as an exhaustive analysis of the featured company. It should not be interpreted as personalized investment advice with regard to "Buy/Sell/Hold/Short/Long" recommendations. The predictions and opinions presented are based on the author's analysis and reflect a probabilistic approach, not absolute certainty. Efforts have been made to ensure the information's accuracy, but inadvertent errors may occur. Readers are advised to independently verify the information and conduct their own research. Investing in stocks involves inherent volatility, risk, and speculative elements. Before making any investment decisions, it is crucial for readers to conduct thorough research and assess their financial circumstances. The author is not liable for any financial losses incurred as a result of using or relying on the content of this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

SAN DIEGO, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Baxter International, Inc. (NYSE: BAX) common stock between February 23, 2022 and July 30, 2025. Baxter is a global company that develops, manufactures, and markets medical products used in hospitals and other healthcare facilities.

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What are the allegations: The Complaint Alleges that Baxter International Inc. (BAX) Mislead Investors Regarding the Safety of its Novum LVP

According to the complaint, during the class period, defendants failed to disclose that: (a) the Novum LVP (a device used for the controlled delivery of intravenous (“IV”) fluids that carry medications, blood products, and nutrients to patients) suffered systemic defects that caused widespread malfunctions, including underinfusion, overinfusion, and complete non-delivery of fluids, which exposed patients to risks of serious injury or death; (b) Baxter was notified of multiple device malfunctions, injuries, and deaths from these defects; (c) Baxter’s attempts to address these defects through customer alerts were inadequate remedial measures, when design flaws persisted and continued to cause serious harm to patients; (d) as a result, there was a heightened risk that customers would be instructed to take existing Novum LVPs out of service and that Baxter would completely pause all new sales of these pumps; and (e) based on the foregoing, Baxter’s statements about the safety, efficacy, product rollout, customer feedback and sales prospects of the Novum LVPs were materially false and misleading.

Plaintiff alleges that on July 31, 2025, Baxter announced the suspension of all new Novum LVP sales, informing investors that it would “voluntarily and temporarily pause shipments and planned installations of the Novum LVP” and that the Company was “unable to currently commit to an exact timing for resuming shipment and installation for Novum LVPs.” On this news, Baxter stock dropped 22.4%, closing at $21.76 on July 31, 2025.

What are the next steps: You may be eligible to participate in the class action against Baxter International, Inc. Shareholders who wish to serve as lead plaintiff for the class must submit their papers to the court by December 15, 2025. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.

To be notified if a class action against Baxter International, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

Sundry Photography / iStock Editorial via Getty Images All thanks to massive short covering following news the company completed a debt-for-equity swap that changed the share structure announced on October 13.

Online car retailer Carvana Co (NYSE:CVNA) is trading 1.5% higher at $338.61 at last check, adding to its already 66% year-to-date gain and attempting to recover some of its 10% quarterly loss. Since touching a record high of $413.35 in July, the shares have struggled, though $320 has captured several pullbacks in recent months. Another key trendline is also emerging that should have bulls ready to buy the dip.

CVNA is testing its historically bullish, 126-day trendline. Per Schaeffer's Senior Quantitative Analyst Rocky White, the stock is within 0.75 average true range (ATR) of the moving average after remaining above it 80% of the time in the past two months. This signal has occurred 13 other times in the past 10 years, after which the stock was higher one month later 75% of the time with an average 15.8% gain.

A move of similar magnitude from Carvana stock's current perch would put it at $392.11, filling the gap from the October drawdown.

A short squeeze is also in play, with short interest down 13.3% in the past two reporting periods. This accounts for 8.8% of the stock's total available float, and at the stock's average pace of trading, it would take short sellers over four days to buy back these bearish bets.

Key Takeaways UNP's Q3 EPS estimate of $2.99 is up 0.34% in 60 days and 8.73% above last year's actual.Q3 revenue is estimated at $6.23B, up 2.34% year over year.Cost-cutting measures aid bottom line; UNP's -0.16% ESP and Zacks Rank #3 hint at a possible miss.
Union Pacific Corporation (UNP - Free Report) is scheduled to report third-quarter 2025 results on Oct. 23, before market open.

Union Pacific’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters, the average beat being 2.02%. However, the company’s earnings lagged the Zacks Consensus Estimate in the remaining two quarters

Image Source: Zacks Investment Research

Let’s see how things have shaped up for Union Pacific this earnings season.

Factors to Note Ahead of UNP’s Q3 Earnings Release

The Zacks Consensus Estimate for third-quarter 2025 revenues is pegged at $6.23 billion, indicating a 2.34% upside from the year-ago actual. Our estimate for freight revenues (which accounts for the majority portion of total revenues) is pegged at $5.86 billion, which indicates an increase of 1.7% from third-quarter 2024 actuals. However, the consensus mark for other revenues is pegged at $311.3 million, implying a 3.6% decrease from third-quarter 2024 actuals.

The Zacks Consensus Estimate for third-quarter 2025 earnings has been revised 0.34% upward in the past 60 days and is pegged at $2.99 per share. Additionally, the consensus mark implies an 8.73% uptick from the year-ago actual.

Image Source: Zacks Investment Research

UNP’s efforts to cut costs to combat the revenue weakness (due to the freight market downturn) are expected to have aided bottom-line performance in the quarter to be reported. Due to cost cuts and improved operational efficiency, we expect operating expenses to decline in the third quarter of 2025 from the year-ago actuals.

UNP is also focused on rewarding its shareholders. Strong free cash flow supports the shareholder-friendly activities of the company. Union Pacific's long-term capital allocation strategy remains unchanged, with a capital plan of $3.4 billion and share repurchases ranging from $4 to $4.5 billion. Apart from reflecting the company’s financial bliss, such shareholder-friendly movesboost investor confidence and positively impacts the bottom line.

What Our Model Says About UNPOur proven model does not conclusively predict an earnings beat for Union Pacific this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Union Pacific has an Earnings ESP of -0.16% and a Zacks Rank #3 at present.

Highlights of UNP’s Q2 EarningsUnion Pacific's second-quarter 2025 earnings (excluding 12 cents from non-recurring items) of $3.03 per share beat the Zacks Consensus Estimate of $2.91. The bottom line improved 10.6% on a year-over-year basis. This year-over-year improvement was due to strong operational efficiency.

Operating revenues of $6.2 billion marginally beat the Zacks Consensus Estimate of $6.1 billion. The top line improved 2.5% on a year-over-year basis, owing to higher volumes and solid core pricing gains.

Stocks to ConsiderHere are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.

Wabtec Corporation (WAB - Free Report) has an Earnings ESP of +1.32% and a Zacks Rank #2 at present. WAB is scheduled to report third-quarter 2025 earnings on Oct. 22. You can seethe complete list of today’s Zacks #1 Rank stocks here.

Wabtec has an impressive earnings surprise track record, having surpassed the Zacks Consensus Estimate in three of the last four quarters (missed the mark in the remaining quarter), with the average beat being 5.41%. The Zacks Consensus Estimate for WAB’s third-quarter 2025 earnings has been revised 1.60% upward in the past 90 days.

Shares of Wabtec have gained 10.6% over the past year. WAB’s third-quarter 2025 earnings are expected to grow 13.50% year over year. 

Expeditors International of Washington, Inc. (EXPD - Free Report) ) has an Earnings ESP of +1.43% and a Zacks Rank #3 at present. EXPD is scheduled to report third-quarter 2025 earnings on Nov. 4.  

Expeditors has an impressive earnings surprise track record, having surpassed the Zacks Consensus Estimate in each of the last four quarters, with the average beat being 15.30%.

Expeditors’ third-quarter 2025 earnings are expected to decline 14.11% year over year. The Zacks Consensus Estimate for EXPD’s third-quarter 2025 earnings has been revised upward by 2.94% to $1.40 per share in the past 60 days.

The stocks are all tied to Wall Street's hopes for AI and quantum computing. Examples are D-Wave Quantum and NuScale Power.

Lamb Weston (LW - 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.

Analysts' growing optimism on the earnings prospects of this frozen foods supplier 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. This insight is at the core of our stock rating tool -- the Zacks Rank.

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.

For Lamb Weston, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.

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

12 Month EPS

Current-Quarter Estimate RevisionsThe company is expected to earn $0.68 per share for the current quarter, which represents a year-over-year change of +3.0%.

Over the last 30 days, three estimates have moved higher for Lamb Weston while one has gone lower. As a result, the Zacks Consensus Estimate has increased 12.15%.

Current-Year Estimate RevisionsFor the full year, the company is expected to earn $3.14 per share, representing a year-over-year change of -6.3%.

There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, five estimates have moved up for Lamb Weston versus no negative revisions. This has pushed the consensus estimate 8.78% higher.

Favorable Zacks RankThe promising estimate revisions have helped Lamb Weston earn a Zacks Rank #2 (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 LineInvestors have been betting on Lamb Weston because of its solid estimate revisions, as evident from the stock's 16.8% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.

Key Takeaways We now have Q3 results from 58 S&P 500 members. Netflix and Tesla report this week. Finance results have gotten us off to a great start.
We get into the heart of the Q3 earnings season this week, with more than 300 companies reporting quarterly results, including 85 S&P 500 members. By the end of this week, we will have seen Q3 results from more than 28% of the index’s total membership, reflecting a fairly broad and representative cross-section across different sectors.

With Q3 results from more than 11% of S&P 500 members already in hand, it is hardly premature to draw positive and reassuring conclusions. While acknowledging that the sample of results at this stage is somewhat weighted towards the Finance sector, here are our three takeaways from the results thus far.

First, the proportion of companies beating EPS and revenue estimates is tracking above historical averages. This is notable when combined with the fact that, unlike other post-COVID periods, Q3 estimates had actually moved up since the start of the period.

The comparison charts below show the Q3 EPS and revenue beats percentages for the 58 S&P 500 members that have already reported results.

Image Source: Zacks Investment Research

The chart below shows the blended beats percentage for the same group of index members. Please note that ‘blended’ means the proportion of these 58 index members that have beaten both EPS and revenue estimates.

Image Source: Zacks Investment Research

Second, the revisions trend continues to remain positive. As noted earlier, estimates for Q3 had moved up since the quarter got underway, and we are seeing a similar trend at play for Q4, as the chart below shows.

Image Source: Zacks Investment Research

It will be interesting to keep track of this evolution over the next few weeks as the bulk of the Q3 results come out and management teams provide explicit or qualitative updates on business trends in their respective spaces. But we are off to a good start on this key measure of earnings outlook.

Third, aggregate Q3 earnings are on track to reach a new all-time quarterly record. Combining the actual earnings for the 58 S&P 500 members that have reported already with estimates for the still-to-come index members, the aggregate total net income for the index comes to $592.5 billion, a new all-time quarterly record.

Image Source: Zacks Investment Research

Key Earnings Reports This WeekThis week’s line-up of Q3 earnings releases moves beyond the Finance sector, which has dominated the reporting cycle thus far. The 85 S&P 500 members on deck to report results this week represent diverse sectors, ranging from General Motors, Ford, and Tesla in the automotive sector to Halliburton and Baker Hughes in the Energy sector to IBM, Lam Research, and Texas Instruments from the Tech sector to consumer-facing bellwethers like Netflix, Procter & Gamble, and others.

Netflix (NFLX - Free Report) will report after the market’s close on Tuesday, October 21st, with the company expected to come out with $6.89 per share in earnings on $11.52 billion in revenues, representing year-over-year changes of +27.6% and +17.3%, respectively. The stock hasn’t done much since the last quarterly release in mid-July, but has been a stellar performer this year, up +34.6% vs. the S&P 500 index’s +14.4% gain in the year-to-date period. While estimates for Q4 and next year inched up lately, the same for Q3 remain unchanged over the last three months.

Netflix no longer reports subscriber additions, but the company continues to gain ground on this key metric, particularly through the lower-priced ad-supported tier. Given Netflix’s sizable installed base of streaming subscribers and plans around live events and gaming, advertising revenues will increasingly become the primary growth driver.

Tesla (TSLA - Free Report) becomes the first Mag 7 member to report Q3 results after the market’s close on Wednesday, October 22nd. The expectation is for Q3 earnings of $0.53 per share on $26.45 billion in revenues, representing year-over-year changes of -26.4% and +5.1%, respectively.

There are multiple moving parts to the Tesla story, ranging from AI and robotaxi to the company’s China business and trends on the deliveries front. The company is in the process of ramping up the production of its lowest priced vehicle, though plans for the $25K car appear to have been put on hold for now to prioritize producing the cheaper, stripped down versions of models 3 and Y. With respect to deliveries, the expectation is 467,163 for the quarter, up from 384,122 in the June quarter and 462,890 in the year-earlier period.

Tesla shares have made an impressive recovery after losing ground through April, currently up +8.7% in the year-to-date period and lagging the market and legacy domestic OEM rivals General Motors (GM - Free Report) and Ford (F - Free Report) , as the chart below shows.

Image Source: Zacks Investment Research

General Motors is reporting Q3 results before the market’s open on Tuesday, October 21st, while Ford reports after the market’s close on Thursday, October 23rd.

Q3 Earnings Season Scorecard

Including all the reports that have come out through Monday morning, we now have Q3 results from 58 S&P 500 members or 11.6% of the index’s total membership. Total earnings for these companies are up +15.4% from the same period last year on +8% higher revenues, with 86.2% beating EPS estimates and 79.3% beating revenue estimates.

The comparison charts below put the Q3 earnings and revenue growth rates from these companies in a historical context.

Image Source: Zacks Investment Research

We have shown the beats percentages comparisons earlier, so here we would instead show the revenue growth performance and the ‘blended’ beats percentages instead for this group of 58 index members

Image Source: Zacks Investment Research

For the Finance sector, we now have Q3 results for 47.7% of the sector’s market capitalization in the S&P 500 index. Total earnings for these Finance companies are up +20.4% from the same period last year on +10.9% higher revenues, with 96.2% beating EPS estimates and 88.5% beating revenue estimates.

The proportion of these Finance sector companies beating both EPS and revenue estimates (‘blended’ beats percentage) is 88.5%. The comparison charts below show the sector’s Q3 revenue growth performance across recent quarters and the sector’s Q3 ‘blended’ beats percentage.

Image Source: Zacks Investment Research

The Earnings Big PictureThe chart below shows current Q3 earnings and revenue growth expectations for the S&P 500 index in the context of the preceding 4 quarters and the coming four quarters.

Image Source: Zacks Investment Research

Please note that the +6.4% earnings growth rate for Q3 shown above represents the blended growth rate for the quarter, which combines the actual results for the 58 companies that have reported with estimates for the still-to-come companies.

The chart below shows the overall earnings picture on a calendar-year basis.

Image Source: Zacks Investment Research

In terms of S&P 500 index ‘EPS’, these growth rates approximate to $256.04 for 2025 and $288.77 for 2026.

For a detailed view of the evolving earnings picture, please check out our weekly Earnings Trends report here >>>>Q3 Earnings Season Starts Positively: A Closer Look

ARCHBOLD, Ohio, Oct. 20, 2025 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), is pleased to announce the addition of Mike Benson as Senior Vice President, Senior Small Business Banking Manager. This newly created position will facilitate F&M's strategy to support small businesses across its growing footprint in Ohio, Indiana, and Michigan.