Tesla (TSLA: NASDAQ)

Tesla (TSLA) is not only the leader in electric vehicles but is also pioneering the field of humanoid robotics with its Optimus robot. The potential for Tesla’s robot segment, according to CEO Elon Musk, could be a massive $200 trillion opportunity, especially as it can diversify Tesla’s offerings beyond its core EV business. Cathie Wood from ARK Invest emphasizes the vast $12 trillion market potential in household and manufacturing applications for humanoid robots.

Tesla’s Full Self-Driving (FSD) technology is poised to be another massive growth driver, especially if the company licenses it to other automakers. The eventual launch of an autonomous ride-hailing business, possibly accompanied by the release of the robotaxi in October, could generate significant investor interest and buying inflows.

We are bullish on TSLA above $193.00-$195.00, with an upside target of $360.00-$370.00.

S&P/TSX Composite Index

The S&P/TSX Composite Index hovered slightly above the flatline at 24,050 on Friday, continuing its record-breaking momentum for a second straight session and positioning the Toronto exchange for a weekly gain of 0.7%. Investors digested the latest GDP data, which indicated Canadian economic growth likely stagnated in August—the third such instance in six months—resulting in a projected annualized growth rate of just 1% for Q3.

This weak economic data supported dovish expectations for the Bank of Canada, which helped lift market sentiment. The energy sector and key financial stocks led the gains, with Imperial Oil, Canadian Natural, and Cenovus rising over 0.6%, while TD Bank, BMO, and Sun Life added between 0.6% and 0.7%.

However, not all stocks fared well. CIBC, TC Energy, and First Quantum each saw declines of over 1.3%, dragging on overall performance. Despite the mixed results, the market remained positioned for a positive week.

Ethereum (ETHUSDT)

Ethereum closed another strong week with a 4% price increase, as buyers continue to push the price above $2,600. The next target is $2,800, which will serve as key resistance. Momentum has steadily shifted bullish since September, helping ETH break out of the downtrend that began in March, bringing optimism back to the market.

Looking ahead, Ethereum appears well-positioned to test the $2,800 resistance in the near future. If sellers return, however, ETH has strong support at the $2,400 level, ensuring some stability.