In this week’s edition of Bulls vs Bears, we have the latest market insights and financial news. Here’s a quick rundown of what we’re covering this week:

Market Movers

ResMed (RMD) is seeing a surge in investor interest following its strong first-quarter update. The company reported an 11% revenue increase to US$1.22 billion, driven by high demand for sleep devices and masks. ResMed’s gross margin jumped by 420 basis points to 58.6%, leading to a 42% rise in net income

Tesla (TSLA) made headlines with a 22% rally in its stock price, marking its largest after-hours gain. This was driven by robust third-quarter profits and an optimistic forecast for future sales growth. Tesla reported an adjusted earnings per share (EPS) of $0.72, exceeding the consensus estimate of $0.60

Commodities Watch

In the commodities market, silver has finally broken out, trading near $35 mid-week and settling around $33.65. Copper remains quiet, consolidating around the $4.40 level. Uranium continues its upward trend, while crude oil trades between $70 and $72

Political Landscape

The US presidential race between Kamala Harris and Donald Trump is neck and neck as we enter the final two weeks of campaigning. National polls show Harris with a slim lead, while battleground states are split or too close to call

Trade of the Week

Our trade recommendation this week is to buy back WiseTech (WTC). Despite recent turbulence, including the “resignation” of founder Richard White from the CEO role, we believe the market will see through this change and remain confident in the company’s direction