Premarket movers: Mag 7 stocks are mixed (Alphabet (GOOGL) -0.2%, Amazon (AMZN) -0.2%, Apple (AAPL) -0.1%, Meta Platforms (META) -0.5%, Microsoft (MSFT) -0.5%, Nvidia (NVDA) +0.2%, Tesla (TSLA) +0.1%) Tower companies gain and wireless carriers slide after SpaceX was said to be targeting 80,000 or more US cell sites, with talks under way with at least one infrastructure owner. Crown Castle (CCI) +9%, American Tower (AMT) +6%; AT&T (T) -4%, T-Mobile (TMUS) -4%, Verizon (VZ) -3.8% Autoliv (ALV) falls 5% after the maker of airbag systems cut its adjusted operating margin forecast for the full year. Bloom Energy (BE), which has more than doubled this year on demand for AI power sources, is down 3% after its quarterly report. Bloomberg Intelligence notes that “operating cash flow turned negative in 3Q as contract assets, receivables and inventory rose.” Deckers Outdoor (DECK) falls 7% after the footwear company cut its net sales guidance for the full year, which also fell short of the consensus estimate. MaxLinear (MXL) climbs 2% after the semiconductor device company’s third-quarter results beat expectations and it gave a revenue forecast that is seen as strong. Newmont Corp. (NEM) inches 1% lower after the miner forecast higher than expected 2027 spending for its Red Chris copper-gold mine in British Columbia. Norwegian Cruise (NCLH) slips 3% after JPMorgan downgraded the stock to underweight and reduced his price target to a Street-low $11 per share. Norwegian is due to report third-quarter results on Oct. 29. RingCentral (RNG) rises 16% after the communications software company raised its full-year forecast for adjusted earnings. It also reported third-quarter results that beat expectations.

Premarket movers: All Mag 7 names are lower: Tesla (TSLA) drops 4.4% after the electric-car maker cut its spending plans, following capital investment that trailed expectations last quarter (Nvidia (NVDA) -2%, Alphabet (GOOGL) -2%, Amazon (AMZN) -2%, Meta Platforms (META) -2%, Microsoft (MSFT) -0.9%, Apple (AAPL) -0.2%) Chipmakers and other AI-related firms slide after reports from Tesla, Lam Research and IBM underwhelmed. Decliners include AMD (AMD) -4%, Broadcom (AVGO) -3%, Intel (INTC) -4%. The mood is weighing on other growth sectors and pushing crypto names lower American Airlines (AAL) slumps 4% after issuing a broad range for its fourth-quarter loss prediction, highlighting how the industry is struggling to map out its performance amid persistently high fuel prices. Biohaven (BHVN) soars 53% after the FDA said company’s new drug application resubmission for Vyglxia has been accepted for review. CSX (CSX) inches 2% higher after the railroad reported earnings per share for the third quarter that beat the average analyst estimate. The company is benefiting as trucking gets more expensive, pushing shippers to use its intermodal offering instead of having goods carried entirely by truck. Gentherm (THRM) falls 6% after the the automotive supplier reported adjusted earnings per share below analyst expectations in the third quarter. International Business Machines (IBM) falls 5% after posting third quarter results. Kinder Morgan (KMI) gains 2% after formally committing to building a $4.2 billion pipeline that will haul fuel across West Texas and the Panhandle to help power a data center complex. Lam Research (LRCX) falls 7% after the semiconductor capital equipment company gave a forecast for adjusted second-quarter earnings that was slightly weaker than expected at the midpoint of the range. Lockheed Martin (LMT) rises 4% after lifting its full-year outlook as the company’s missile systems portfolio was buoyed by rising global defense spending. Pool Corp. (POOL) gains 4% after third quarter results topped expectations. Procter & Gamble (PG) gains 3% after sales and profits beat Wall Street expectations, showing the Tide-owner’s limited price hikes that are successfully drawing constrained customers have not come at the expense of earnings.

Premarket movers: Mag 7 stocks are mixed: Tesla (TSLA) climbs 1.3% after Elon Musk openly endorsed the prospect of combining SpaceX with the electric-car maker. Nvidia is also gaining amid a broad AI rally (Nvidia (NVDA) +2%, Amazon (AMZN) +0.2%, Alphabet (GOOGL) -1%, Meta Platforms (META) -0.5%, Apple (AAPL) -0.4%, Microsoft (MSFT) -0.5%). AT&T (T) falls 3% after the wireless carrier reported third-quarter wireless postpaid phone net additions that missed the average analyst estimate. Capital One (COF) rises 2% after reporting third-quarter earnings that beat estimates as the largest US credit-card lender benefited from revenue climbing and kept its expenses in check. DigitalOcean (DOCN) climbs 4% after Piper Sandler upgraded the software company to overweight from neutral, writing that it is seeing an acceleration in growth due to AI. Fortinet (FTNT) slips 3% after Arete downgraded the security software company by two notches, to sell from buy, citing concerns about its growth and valuation. Intuitive Surgical (ISRG) falls 5% after the robotic-surgery company reported US growth for its da Vinci surgical robots in the third quarter that fell short of investor expectations. Netflix (NFLX) is down 6% after the streaming-video company gave a revenue forecast that was weaker than expected, compounding concerns about its growth. Philip Morris International (PM) slips 2% after the tobacco maker cut its profit forecast for this fiscal year as rising energy costs stemming from conflict in the Middle East take a toll. SpaceX (SPCX) is up 6% after reporting third-quarter revenue that was better than the average analyst estimate. The beat was driven by substantial growth in its artificial intelligence and satellite internet businesses. Super Micro Computer (SMCI) jumps 11% after the maker of servers reported preliminary first-quarter sales that were stronger than expected, citing AI-related demand. Zoom Communications (ZM) rises 4% after Oppenheimer upgraded the software company to outperform, writing that its AI platform was working better than expected.

Premarket movers: Magnificent Seven stocks are mostly lower: Apple (AAPL) slips 1% after after Loop Capital Markets downgraded the stock to hold, citing iPhone shipment reductions (Amazon (AMZN) -0.2%, Microsoft (MSFT) +0.4%, Tesla (TSLA) -0.4%, Alphabet (GOOGL) -0.3%, Nvidia (NVDA) -0.7%, Meta Platforms (META) -0.8%, Apple (AAPL) -1%) 3M (MMM) rises 1.4% higher after topping Wall Street’s profit estimates and raising its full-year outlook for the second straight quarter. Alvotech (ALVO) jumps 7.4% after the US Food & Drug Administration approved a new manufacturing process for the drug Simlandi. Arhaus (ARHS) rises 4% after Piper Sandler upgraded the furniture company to overweight, writing that “a positive business inflection appears to be underway.” AST SpaceMobile (ASTS) falls more than 2% after Viasat petitioned the FCC to reject the company's request for additional overseas spectrum authority CoreWeave (CRWV) falls over 3% even after Cathie Wood's ARK bought the dip on Monday; the stock had rallied yesterday after Goldman upgraded it to Buy General Motors (GM) falls 7% after narrowing its full-year profit forecast. Halliburton (HAL) rises 3.7% after the oilfield services company reported third-quarter adjusted earnings per share that beat the average analyst estimate as drilling and evaluation revenue was higher than expected. The company also forecast mid-single digit revenue growth for 2027. Hertz (HTZ) climbs 7.1% after Oro Mobility, which is backed by the car rental company, secured an $80 million strategic equity investment from a consortium of investors, including Cohen Private Ventures. MSCI Inc. (MSCI) gains 6.5% after the index provider reported adjusted earnings per share for the third quarter that beat the average analyst estimate. Nebius (NBIS) drops more than 2%, tracking weakness across AI-related stocks NuScale Power (SMR) falls 7.2% after Barclays cut its recommendation on the nuclear reactor company to underweight as it sees risks from a lack of contracts. Rapport Therapeutics’ (RAPP) soars 34% after the drug developer said a mid-stage trial of its experimental therapy for acute bipolar mania met the primary endpoint. Shares have since pared gains to 28%. Solstice Advanced Materials (SOLS) gains 2.9% after the Financial Times reports that activist hedge fund Starboard Value has built a stake in the Honeywell spinoff, citing unidentified people familiar with the matter. 3M (MMM) in focus after signing a deal with Amazon that includes a warrant for 3.2 million shares, vesting up to $6 billion Analyst actions: BlackRock (BLK) raised to Buy at TD Cowen; TKO raised to Buy at Arete; Prologis (PLD) raised to Buy at Freedom Capital; Trex (TREX) raised to Buy at Stifel; Live Nation (LYV) cut to Sell at CFRA; Werner (WERN) cut to Neutral at Baird; nVent (NVT) initiated Overweight at JPMorgan

Premarket movers: Mag 7 are mostly higher as Nvidia outperforms and chip stocks look set to rebound: Nvidia (NVDA) +1.4%, Amazon (AMZN) +1.2%, Alphabet (GOOGL) +0.6%, Meta Platforms (META) +0.2%, Microsoft (MSFT) +0.2%, Tesla (TSLA) -0.1%, Apple (AAPL) -0.1% Semiconductor stocks gain, setting the chip benchmark up to snap its longest losing streak in 18 years. Shares in neoclouds and optical firms are also rising amid a broad-based rally in AI-related firms. Cleveland-Cliffs (CLF) rises 13% after the steel producer reported adjusted Ebitda for the third quarter that beat the average analyst estimate. CoreWeave (CRWV) shares are up 6.5% as Goldman Sachs upgrades the cloud-computing provider to buy from neutral Disc Medicine (IRON) soars 63% after announcing that its investigational drug bitopertin met all primary and secondary endpoints in the Phase 3 Apollo trial in adults and adolescents with erythropoietic protoporphyria. Intel (INTC) rises 3% as JPMorgan upgrades its rating to neutral, noting that the chipmaker’s turnaround might take years, but the management’s execution has been solid. Silgan (SLGN) gains 5% after the food packaging company and funds affiliated with American Industrial Partners announced a deal to buy Trivium Packaging in an all-cash deal.

Premarket movers: Mag 7 stocks are mostly higher: Tesla rises 3.6% after the EV maker unveiled its long-delayed Roadster sports car (Meta Platforms (META) +0.5%, Microsoft (MSFT) +0.5%, Alphabet (GOOGL) +0.3%, Amazon (AMZN) +0.3%, Apple (AAPL) +0.3%, Nvidia (NVDA) -0.1%) Fox Corp. (FOXA) gains 3.9% after BofA upgraded the media company by two notches, to buy from underperform, citing Fox’s deal to buy Roku. Mobileye Global (MBLY) climbs 4% as Citi starts coverage on the maker of software and hardware technology for automobiles with a buy rating, expecting the company to benefit from growth in autonomous driving technology. Semtech Corp. (SMTC) rises 4.4% after Northland Securities upgraded the company to outperform from market perform, a move that comes in the wake of its analyst day event, where it raised its third-quarter forecast. Omeros (OMER) is down 4.1% after the drug developer said an advisory committee of the European Medicines Agency issued a negative opinion on the company’s application for its narsoplimab therapy. Travelers (TRV) drops 4.6% after the insurance company reported net premiums written for the third quarter that met the average analyst estimate. Revenue declined modestly year on year, while catastrophe losses rose. Truist Financial (TFC) falls 2.1% after the financial services company reported third quarter taxable equivalent net interest income that came in just short of expectations. Wise (WSE) falls 2.3% after the payments firm reported cross-border volumes that missed analyst expectations. Zeta Global (ZETA) is up 4.6% after Goldman Sachs upgraded the software company to buy from neutral, seeing potential for it to gain market share.

Premarket movers Apple (AAPL) outperforms the group during the AI selloff (AAPL +0.8%, Microsoft -0.5%, Alphabet -0.8%, Meta Platforms -1%, Tesla -1.4%, Amazon -1.8%, Nvidia -1.6%) Chipmakers and other AI-related firms slide after Anthropic disclosed third-quarter revenue that likely slowed from the previous quarter. Among notable movers: CoreWeave (CRWV) -3%, Dell (DELL) -4%, Micron (MU) -4%, Intel (INTC) -3%, Marvell (MRVL) -4%, AMD (AMD) -3%, Broadcom (AVGO) -2% AngloGold Ashanti (AU) rises 3% after Goldman Sachs initiated coverage at buy, citing increased central-bank purchases that should support gold prices. Gold is also higher on Thursday morning. Cirrus Logic (CRUS) slips 2% after being downgraded to sector weight at KeyBanc, which sees a weak outlook for the Apple supplier. FMC Corp. (FMC) sinks 27% after the agricultural chemicals firm cut its third quarter outlook. Fortrea Holdings (FTRE) gains 3% after Deutsche Bank upgraded the health services firm to buy, citing potential for revenue growth and margin expansion. Kimberly-Clark (KMB) climbs 3% after the household products company reported preliminary net sales for the third quarter that met the average analyst estimate. Penske Automotive Group (PAG) climbs 8% after entering a deal to be taken private for $212 per share in cash by Penske Corp. and Mitsui. Quantinuum (QNT) rises 3% as Morgan Stanley upgrades to overweight, saying the stock offers the most attractive valuation among peers. Rocket Lab (RKLB) falls 11% after adjusting the target launch timing for its Neutron medium-lift rocket, with the vehicle’s inaugural launch now expected to occur in 2027. Walmart (WMT) gains 2.8% after Deutsche Bank upgraded the retailer to buy, citing a favorable setup into 2027.

Premarket movers Meta shares outperform Magnificent 7 peers, with the cohort helping boost stock futures: Meta Platforms (META) +1.6%, Microsoft (MSFT) +0.4%, Alphabet (GOOGL) -0.2%, Amazon (AMZN) -0.2%, Apple (AAPL) +0.2%, Nvidia (NVDA) -0.2%, Tesla (TSLA) little changed Adobe (ADBE) slips 2.6% after Wells Fargo Securities downgraded the maker of software for creative professionals by two notches to underweight. AST SpaceMobile (ASTS) rises 4.4% after Deutsche Bank upgraded the satellite broadband operator to buy, seeing a buying opportunity in the wake of recent weakness. Biogen (BIIB) gains 4.1% as JPMorgan upgrades to overweight ahead of an increasingly compelling catalyst path in 2027. Bristol Myers (BMY) rises 4.4% after the drugmaker said a late-stage trial of a lower dose of its drug candidate for lung disease met its primary endpoint. CCC Intelligent Solutions (CCC) rises 11% as GTCR and Elliott Investment Management are said to be in advanced talks to acquire the car-insurance software provider. First Solar (FSLR) climbs 2.7% after Truist Securities upgraded the alternative energy company to buy, seeing “a stronger backdrop for pricing into the 2030s.” First Tracks Biotherapeutics (TRAX) gains 16% after the drug developer gave topline results from an early-stage trial of its experimental therapy for celiac disease. Hub Group (HUBG) gains 3.8% after Baird analyst Daniel Moore raised the recommendation on the transportation company to outperform, writing that the stock’s risk-reward profile has grown increasingly attractive. Iren (IREN) rises 3.8% as the Information reports that the crypto miner-turned-AI server provider has entered a multiyear cloud deal with Anthropic. Manhattan Associates (MANH) rises 3.5% after Morgan Stanley upgraded the software company to overweight, seeing it as a potential AI winner. Salesforce (CRM) climbs 4.1% after BofA Global Research raised the recommendation on the software company to buy, pointing to tailwinds from AI adoption. Tyler Technologies (TYL) gains 2.5% after Wells Fargo Securities upgraded the software company to overweight from equal-weight, seeing fading headwinds.

Premarket movers: Magnificent Seven stocks are mostly higher: Nvidia (NVDA) +1.6%, Tesla (TSLA) +1.1%, Microsoft (MSFT) +1%, Amazon (AMZN) +0.6%, Alphabet (GOOGL) +0.6%, Meta Platforms (META) +0.3% while Apple (AAPL) falls 2% after a report that the company cut component orders for the iPhone 18 Pro and iPhone 18 Pro Max following weaker-than-expected demand. Tower companies gain after SpaceX said in a post on X that it had agreed to acquire a nationwide low-band spectrum license portfolio in a deal analysts say is a positive catalyst for the sector. Telecom stocks slip on concerns over increased competition from satellite operators, with T-Mobile (TMUS) -7.8% and AT&T (T) -6.3% Optical-equipment makers rally after Lumentum (LITE +6.2%) noted that its components are “completely sold out” through early 2029 on demand from tech companies clamoring for faster AI data centers. American Express (AXP) falls 1.5% after federal regulators fined the credit card company $350 million for failing to catch and report money laundering in its system. Cboe Global Markets Inc. (CBOE) gains 2% after Morgan Stanley upgraded the exchange. Delta Air (DAL) is down 3.4% after the carrier cut its adjusted earnings per share forecast for the full year. The midpoint of the new outlook trailed the average analyst estimate. Fastly Inc. (FSLY) gains 7.4% after Oppenheimer upgraded the software company to outperform from perform, seeing a growing opportunity related to AI agents. Humana (HUM) jumps 15% after the health insurer improved its performance on the Medicare Advantage quality ratings that will improve future revenue. Baird upgraded the stock. South Bow (SOBO) falls 1.6% after Barclays cut its recommendation on the pipeline company to underweight from equal-weight on execution and permitting risk. Webull Corp. (BULL) rises 4.4% after Scotiabank raised its recommendation on the exchange to sector outperform from sector perform after the recent selloff in shares