Midday Movers: SpaceX Up 10%, Super Micro Up 9%, AT&T Down 6%
U.S. stocks traded mixed at midday Wednesday. SpaceX and AI server stocks rallied on earnings developments, while Netflix, AT&T and Danaher declined after their reports.
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→Chipotle Cut to Hold at TD Cowen as October Sales Soften
TD Cowen downgraded Chipotle to Hold and cut its price target to $32 from $44, warning October sales may miss the fourth-quarter pickup it expected. Q3 results arrive October 28.
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Recap
→Why Alphabet Stock Is Down Ahead of Oct. 28 Earnings
Alphabet shares edged lower into next week's third-quarter report. There is no single trigger: a UK Google Cloud outage, a KeyCorp price-target cut and AI spending worries all weigh on sentiment.
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Recap
→Meta Earnings: Five Suppliers With Up to 18% Revenue Tied to Meta
Meta ($META) earnings on October 21 could trigger significant moves in key AI infrastructure suppliers, with Bloomberg identifying five companies that derive an estimated 9.4% to 18.2% of their revenue from Meta.
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Recap
→Analyst Actions Oct. 21: Netflix Cut, Northrop Up, Chipotle Down
Wall Street analyst actions for Wednesday, October 21, 2026: upgrades at Northrop Grumman, Zoom, DigitalOcean, Prologis, Fifth Third and Clean Harbors, downgrades at Netflix, Chipotle, Mobileye and Cirrus Logic, and a new Buy rating on Robinhood.
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Recap
→Rosenblatt Starts Robinhood at Buy With $135 Target
Rosenblatt initiated coverage of Robinhood ($HOOD) with a Buy rating and $135 price target, arguing investors underestimate its transformation from a trading app into a comprehensive financial platform.
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