As major stock indexes reach record highs, investors are closely watching a handful of companies approaching key technical buy points. Despite the market's strength, the ongoing earnings season introduces a layer of volatility, with some companies having already reported results while others are still weeks away.
Among the notable names are electric vehicle maker Tesla, AI chip designer Broadcom, energy services firm TechnipFMC, retailer TJX, and data analytics company Snowflake. Each presents a unique situation, from navigating post-earnings reactions to benefiting from major industry trends like artificial intelligence.
Key Takeaways
- Five major companies—Tesla, Broadcom, TechnipFMC, TJX, and Snowflake—are nearing or have recently hit actionable buy points for investors.
- The market is trading at record highs, but risks remain due to a packed earnings calendar and an upcoming Federal Reserve meeting.
- Artificial intelligence continues to be a major driver, boosting companies like Broadcom and Snowflake.
- Tesla and TechnipFMC have already released their quarterly earnings, providing more clarity, while TJX, Snowflake, and Broadcom are yet to report.
Tesla Navigates Post-Earnings Landscape
Tesla (TSLA) experienced significant price swings following its third-quarter earnings report. The company's stock ultimately held support at its 21-day moving average, closing the week at 433.72.
The electric vehicle manufacturer is currently forming a long consolidation pattern with a handle buy point at 470.75. Some investors might see an earlier entry opportunity at Friday's intraday high of 451.68. Despite the recent volatility, Tesla's stock has gained over 7% year-to-date.
Inside Tesla's Q3 Report
The company reported third-quarter earnings that were down 31% compared to the previous year, falling short of analyst expectations. However, revenue saw a 12% increase, slightly beating forecasts. During the earnings call, CEO Elon Musk adjusted his forecast for the company's robotaxi service, now aiming for deployment in 8 to 10 metro areas by the end of the year.
Musk also projected that safety drivers in Austin, Texas, could be removed within two months, though his timelines for fully unsupervised self-driving have been historically optimistic. The report and subsequent commentary have left investors to weigh the company's long-term vision against its current financial performance.
Broadcom's AI Momentum Continues
Semiconductor giant Broadcom (AVGO) saw its shares surge late last week, driven by positive news related to its partnership with Alphabet's Google. The company co-develops custom artificial intelligence chips, known as Tensor Processing Units (TPUs), for Google.
The momentum came after AI startup Anthropic announced its intention to significantly expand its use of Google Cloud technologies, which includes deploying up to 1 million TPUs. This expansion represents a substantial commitment, with Anthropic describing it as a deal worth "tens of billions of dollars."
Technical Breakout
Broadcom's stock made a significant technical move on Friday, clearing a downtrend. It is now progressing toward a 363.24 buy point from a cup-with-handle base. Shares are up nearly 53% so far this year.
While Broadcom is not expected to report its quarterly results until early December, investors will be closely watching the capital spending forecasts from major tech companies this week, as they could directly impact Broadcom's outlook.
TechnipFMC Hits Record Highs on Strong Earnings
Energy services company TechnipFMC (FTI) is trading in a cup base with an entry point of 41.30. The stock jumped 9% on Thursday after a strong earnings report, briefly hitting a record intraday high of 41.35 before pulling back slightly on Friday.
The company reported a 17% increase in earnings and a 13% rise in revenue, surpassing analyst estimates. The performance was largely driven by its subsea segment, which secured $2.4 billion in new orders during the quarter.
"The growth was driven by continued strength in South America," the company noted, highlighting its expanding business in the region.
A significant part of this success comes from its relationship with Exxon Mobil in Guyana. TechnipFMC announced it received its seventh award from the energy major, having been awarded all of Exxon's subsea production system contracts in the country since 2017. The stock has gained more than 36% in 2025.
Retail and Data Analytics Show Strength
TJX Pulls Back Ahead of Earnings
TJX (TJX), the parent company of T.J. Maxx and Marshall's, has retreated from a recent buy zone as it approaches its third-quarter earnings report on November 19. The stock briefly cleared a 145.58 entry point on October 15 but has since trended modestly downward.
Analysts expect the off-price retailer to report a 7% increase in earnings on 5.4% sales growth. Same-store sales are forecast to grow by 3.3%, an acceleration from the 3% increase seen last year. BTIG recently initiated coverage with a buy rating, praising TJX for having "nearly perfected the Treasure Hunt experience" which drives customer traffic and loyalty.
Snowflake Breaks Out on AI Partnership
Cloud-based data analytics firm Snowflake (SNOW) broke out above a 255.39 buy point from an ascending base, gaining 7.1% for the week. The stock has been on a steady uptrend since August and has rallied an impressive 67% in 2025, reaching three-year highs.
The company's recent momentum was bolstered by the announcement of a partnership with Palantir Technologies (PLTR). The collaboration aims to help customers build and deploy AI applications by leveraging data from both platforms.
Analyst Outlook
Oppenheimer recently raised its price target on SNOW stock to 295 from 175, maintaining an outperform rating. The firm cited solid deal flow in the third quarter and expressed long-term bullishness for the data analytics sector.
FactSet projects Snowflake will report a 55% increase in third-quarter earnings and a 26% rise in revenue. The company has not yet confirmed a date for its earnings release, but investor expectations remain high.