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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Earnings
→AT&T Beats Q3 Estimates, Raises 2026 EPS Outlook to About $2.40
AT&T ($T) beat Q3 earnings estimates, reporting revenue of $32.30 billion, up 5.3% from a year earlier, versus $31.69 billion expected, and adjusted EPS of $0.65, up 20.4%, versus $0.60, while GAAP EPS fell to $0.13 from $1.29 on a $2.6 billion noncash impairment of its Mexico wireless business.
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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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