Stocks Moving Premarket: 3M Jumps on Amazon Deal, RTX Lifts Outlook and GM Slides on Narrowed Guidance
3M rises on an expanded Amazon data-center deal, RTX beats and raises, and GM, Genuine Parts and Steel Dynamics fall ahead of Netflix and SpaceX earnings after the close. Plus the calendar & what to watch.
U.S. stock futures were mixed Tuesday, Oct. 20, as a heavy earnings morning set the tone. 3M is up on an expanded Amazon data-center deal and RTX is higher after beating and raising, while General Motors, Genuine Parts and Steel Dynamics are lower. Netflix and SpaceX report after the close. Stocks trade normally today. All moves below are premarket and can change by the open.
Economic calendar: today and the coming week
CME FedWatch shows about an 83% probability of no rate change at the Oct. 27 to 28 meeting, and elevated September inflation and energy prices have reduced expectations for near-term cuts, as reported by Beinsure. FactSet projects 29% year-over-year S&P 500 earnings growth for Q3, with about 70 S&P 500 companies reporting this week. Most sources did not give Eastern release times, so only sourced times are shown.
| Day | Time | Event |
|---|---|---|
| Tue, Oct. 20 | Not sourced | Housing starts and permits. After the close: Netflix, SpaceX, United Airlines, Capital One, Chubb, Alaska Air, Intuitive Surgical |
| Wed, Oct. 21 | After the close | Earnings: Meta and Tesla (Tesla options imply about a 6% move) |
| Thu, Oct. 22 | Not sourced | Weekly jobless claims (standard Thursday release) |
| Wed, Oct. 28 | 2:00 PM ET | FOMC rate decision (meeting Oct. 27 to 28) |
| Thu, Oct. 29 | Not sourced | Q3 GDP and personal income/PCE |
| Fri, Nov. 6 | 8:30 AM ET | October jobs report |
Notable premarket moves
| Company | Ticker | Premarket | Why |
|---|---|---|---|
| 3M | MMM | +4.4% to $169.20 | Expanded Amazon data-center deal, with Amazon getting a warrant for about $521.4M of 3M stock. Q3 adjusted EPS $2.50, up 12%, on $6.6B sales; 2026 adjusted EPS guidance $9.10 to $9.15 |
| RTX | RTX | +2.2% | Q3 adjusted EPS $2.26 vs. $1.78 expected on $25.0B sales; full-year EPS outlook raised to $7.65 to $7.75 |
| Northrop Grumman | NOC | Not verified | Q3 sales $11.1B, up 7%; 2026 MTM-adjusted EPS guidance raised to $29.35 to $29.75 from $28.60 to $29.10 |
| GE Aerospace | GE | Little changed | Q3 adjusted EPS $2.25 vs. $2.01 expected on $14.12B revenue; full-year EPS guidance raised. Reported flat at $311.10 after the release |
| General Motors | GM | -7.3% to $76.71 | Q3 EPS $3.70 beat the $3.63 estimate and sales of $50.015B beat $48.697B, but FY26 EPS guidance was narrowed |
| Genuine Parts | GPC | -6.3% to $122.00 | Q3 sales missed and FY26 GAAP EPS guidance was cut below estimates |
| Steel Dynamics | STLD | -5.8% to $231.00 | Weaker-than-expected Q3 earnings |
| Karooooo | KARO | -5.0% to $59.00 | Q2 results; affirmed FY27 GAAP EPS guidance with a midpoint slightly below estimates |
| NuScale Power | SMR | -7.4% to $5.27 | Barclays downgraded the stock to Underweight from Equal Weight and cut its target to $5 from $11, citing commercial execution and project delays |
| AXT Inc | AXTI | -5.0% to $53.95 | No catalyst reported; gained 10% Monday |
Microcaps and penny stocks with larger percentage moves were excluded. Sources differ on exact quotes, which also change by the open.
Analyst calls
Barclays cut NuScale Power to Underweight, Loop Capital downgraded Apple to Hold from Buy with a $330 target (from $370) on weakening iPhone demand, and TD Cowen upgraded BlackRock to Buy with a $1,405 target. See our separate analyst-calls recap for the full list.
Index futures
As of about 5:20 AM ET, Nasdaq 100 futures were down 0.5%, S&P 500 futures were down 0.09% and Dow futures were up 0.22%, about 115 points, per Beinsure.
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