Hunt for Red October

Wall Street’s hunt for Red October, Tesla’s profit falls 37% after it cut car prices, Meta cuts jobs at AI labs, meme stocks surge as investors pile back in, and die-hard gold enthusiasts hold their nerve despite plunging prices...

 

Good morning.

The Fast Five → Wall Street’s hunt for Red October, Tesla’s profit falls 37% after it cut car prices, Meta cuts jobs at AI labs, meme stocks surge as investors pile back in, and die-hard gold enthusiasts hold their nerve despite plunging prices…

📌 Circle Nov 6 – huge Tesla news? Tesla could be about to change forever. On November 6, insiders are warning of a "critical inflection point", which could have a dramatic impact on the stock market. Do not buy OR sell Tesla stock until you have all the facts. Full story here » (ad)

Calendar: (*Shutdown may affect key data. All times ET) - Full Calendar

  • Today:
    None scheduled

  • Tomorrow:

    Unemployment Claims, 8:30A Non-Farm Employment, 8:30A

Your 5-minute briefing for Thursday, Oct 23:

BEFORE THE OPEN

As of market close 10/22/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 33.66% for Week of OCT 16 2025

Previous week: 45.87%

Market Wrap:

  • Futures edge lower: Dow -87 (-0.2%), S&P & Nasdaq flat.

  • Tesla -3%, IBM -6% post-earnings; Moderna, Lam mixed.

  • 75%+ of S&P firms have topped estimates so far.

  • Trump says Xi meeting is “scheduled,” calming trade fears.

  • Analysts warn valuations echo late-’90s froth.

  • CPI Friday to guide Fed’s next rate cut expectations.

EARNINGS

Here’s what we’re watching this week:

Tesla insiders are preparing for a dramatic "inflection point" on November 6

That's the official, confirmed date of Tesla’s next big shareholders meeting - and it could hold the key to a massive announcement that'll take the whole stock market by surprise.

I'm certain Tesla's next move is going to create a big 10x buying opportunity.

In fact, it's the reason Elon just made his biggest insider buy ever, moving $1bn.

Just over two weeks later, he became the first person in history to be worth more than half a trillion dollars.

But I think that's just the opening act of a much, much bigger Tesla story.

Understand what's coming next - before the rest of the market works it out - and I believe you could see 1,000%+ returns, even if you never buy a single share in Tesla.

So what should you buy?

Rob Spivey - Research Director, Altimetry

- sponsored message from Altimetry -

HEADLINES

US stocks fell on Wed., as the US considers curbs on a wide range of exports to China ratcheted up US-Sino trade war fears and added to the gloom surrounding Netflix's earnings miss.

The company sold more cars but made less money on each one because of discounts and low-interest loans.

  • Stocks extend tech-fueled slide on trade worries (more)

  • Government shutdown becomes 2nd longest in US history (more)

  • US hits $38T in debt in rapid acceleration (more)

  • Fed floats plan with much smaller capital hikes for big banks (more)

  • Gold sinks, bitcoin plunges as 'debasement trade' stumbles (more)

    • Gold enthusiasts hold their nerve despite plunging prices (more)

  • Oil jumps after US sanctions major Russian producers (more)

  • Meta cuts 600 jobs at AI superintelligence Labs (more)

  • Beyond Meat whiplashes traders as stock falls after 1,300% jump (more)

    • Meme stocks surge as investors pile back in (more)

  • Netflix stock dives after earnings miss (more)

  • Barclays unveils $670M buyback, even as one-off charges hurt profits (more)

  • Google unveils quantum computing breakthrough on Willow Chip (more)

  • Tesla’s Musk: Samsung is taking bigger role in making its chips (more)

  • NextSilicon reveals new processor chip in challenge to Intel, AMD (more)

  • NHL strikes first-ever deal with prediction markets Kalshi and Polymarket (more)

  • Jamie Dimon's $3 billion bet on NYC is complete (more)

  • Reddit sues Perplexity and data scraping firms (more)

DEALFLOW

M+A | Investments

  • Alkermes to acquire Avadel Pharmaceuticals in deal valued up to $2.1B

  • Crypto trading firm FalconX buys 21shares in ETF push

  • Omni acquires Explo

VC

  • ShopMy, a curated commerce infrastructure company, raised $70M in funding at a $1.5B valuation

  • UnifyApps, an enterprise operating system for AI, raised $50M in Series B funding

  • Sumble, a platform for actionable data to GTM teams, launched with $38.5M in Seed and Series A funding

  • CurbWaste, an operating system for independent waste haulers, raised $28M in Series B funding

  • Streetbeat, an AI-powered intelligence platform for financial professionals and retail investors, raised $15M in Series A funding

  • Ampa, a neurotech company developing portable, camera-guided TMS devices, raised $8.5M in Pre-A funding

  • Syntracts, an API-first contract intelligence platform built for on-prem deployment, raised $5.3M in Seed funding

  • Bricklayer AI, an agentic cybersecurity platform empowering SOCs with AI agents, raised $5M in Seed funding

  • MythWorx, a next-gen AI startup with AGI architecture, closed a $5M Seed round at a $100M valuation

Elon Musk says November 6 could "affect the future of the world" 
Get ready for the biggest pivot in corporate history. Tesla insiders are preparing for a dramatic new product launch – not driverless cars – that could change everything. You're running out of time to prepare…
Our top stock idea revealed here (name and ticker revealed free) (ad)

CRYPTO

  • Bitcoin closes $107K CME gap as focus shifts to Friday's key CPI print (more)

  • Bitcoin whale opens $235M BTC short, after netting $200M from crash (more)

  • T. Rowe is aiming to beat an index of investments — in crypto (more)

  • More than 13 million memecoins show urgent need for regulation (more)

  • Prediction market Kalshi fields investor offers >$10 billion valuation (more)

BULLISH BITES

🤖  Meta tops spending again as AI lobbying heats up.

📊 A CEO’s guide to making the most of a meme stock moment.

📕 For the person who has everything and owns a Ferrari, a Ferrari “spatial book.”

🎸 The unfortunate rise of 'Divorced Dad Rock'.

DAILY SHARES

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