🗓️ DailyEdge: Wednesday, October 9

Image source: Wikimedia Commons

TSMC Defies Doubts with 39% Revenue Jump as AI Frenzy Powers On. 📈 Taiwan Semiconductor's better-than-expected quarterly revenue rise sparks optimism about sustained AI hardware demand. With Nvidia and Apple as key clients, TSMC remains at the center of the AI boom despite rising industry skepticism. Yahoo Finance reports.

🩺 BioBeat: Pfizer, BioNTech win bid to invalidate CureVac's UK COVID vaccine patents. Reuters reports.

🧠 TikTokTug: TikTok is designed to be addictive to kids and causes them harm, US states'lawsuits say. Yahoo Finance reports.

🚗 AutoPilot: Tesla's robotaxi to face questions, scrutiny at unveiling this week. Reuters reports.

🥤 PepsiSetback: PepsiCo trims revenue outlook as North American snacking, key international markets lag. CNBC reports.

💰 Profitability: GM CEO assures investors more profitable days are ahead. Yahoo Finance reports.

🤖 AIDrive: Uber gives users option to only hail full-electric cars, launches AI chatbot for EV-curious drivers. CNBC reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $CTCX: Carmell
Total gain: 58.18%

2. $CLSD: Clearside Biomedical
Total gain: 37.16%

3. $WW: WW International
Total gain: 34.91%

4. $ALTM: Arcadium Lithium
Total gain: 31.13%

5. $BURU: Nuburu
Total gain: 24.75%

*Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 11am ET, as our Risk Management educator.

Why is Fibonacci retracement considered a powerful tool?

Fibonacci retracement is powerful for several reasons, but its most important feature is its ability to provide traders with a structured way of analyzing price movement. Markets often move in waves—what traders refer to as impulsive moves followed by corrective moves. The Fibonacci retracement tool provides an indication of how deep a correction might be before a new trend resumes.

The tool’s power comes from its widespread use. Many traders and investors look at these key Fibonacci levels, which creates a kind of self-fulfilling prophecy. When enough market participants anticipate support or resistance at these levels, it often results in a market reaction around those prices. That’s why you’ll often see sharp reversals or consolidations at or near these Fibonacci levels.

The closing price of the top three market percent gainers trading near or above $3 on October 8.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $LASE: Laser Photonics
Total gain: +82.87%
LPC continues to grow its market presence across both existing and emerging verticals, with recent orders highlighting its expanding footprint in key sectors. In the solar energy and semiconductor industries, Hemlock Semiconductor has adopted LPC’s CleanTech laser technology to optimize its manufacturing processes, showcasing the versatility and industrial relevance of LPC’s solutions. In the energy sector Acuren has selected LPC’s CleanTech laser systems to support critical inspection and maintenance operations, emphasizing the technology’s value in ensuring operational safety and efficiency. Benzinga reports.

2. $TURB: Turbo Energy
Total gain: +78.57%
The stock appeared to be moving on no notable news.

3. $OTRK: Ontrak
Total gain: +52.50%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

AZZ: AZZ
2Q 2025
After Market Close
Estimate: 1.320
Actual: N/A

APLD: Applied Digital
1Q 2025
After Market Close
Estimate: -0.290
Actual: N/A

ETWO: E2open Parent Holdings
2Q 2025
After Market Close
Estimate: 0.050
Actual: N/A

Time (ET) / Report / Period

8:00 am - Atlanta Fed President Raphael Bostic gives welcoming remarks
9:15 am - Dallas Fed President Lorie Logan speaks
10:00 am - Wholesale inventories - August

“The most important thing to remember is that you will never know what the market is going to do next. Instead of trying to predict the future, focus on what you can control: your investment strategy.”

― Burton G. MalkielSourced in:
"A Random Walk Down Wall Street", by Burton G. Malkiel, published in 2020