Today's Pre-Market Movers and Top Ratings | MMM, GM, LCID, TGT and More
Morning Movers
Gapping up
$General Motors (GM.US)$ saw its stock increase by 1.0% following a third-quarter earnings report that surpassed expectations, driven by strong revenue and better profitability.
$3M (MMM.US)$ 's shares jumped 5.3% after announcing third-quarter earnings and revenues that exceeded forecasts.
$RTX Corp (RTX.US)$ experienced a 1.6% rise in stock value after reporting third-quarter earnings above analyst predictions and elevating its full-year guidance, supported by robust demand in its commercial aftermarket and defense sectors.
$SAP SE (SAP.US)$ 's American Depositary Receipts (ADRs) increased by 2.8% after the company upgraded its full-year outlook, bolstered by strong performance in its cloud segment during the third quarter.
$Zions Bancorp (ZION.US)$ enjoyed a 3.3% increase in its shares after it reported a 21% rise in third-quarter earnings compared to the previous year.
$Lucid Group (LCID.US)$ 's stock advanced 0.8% following the CEO's clarification on CNBC about a public offering that raised approximately $1.75 billion, describing it as a strategic move to secure sufficient capital for future operations and growth.
Gapping down
$Verizon (VZ.US)$ 's shares dipped 3.7% after it announced mixed results for the third quarter, with earnings marginally topping expectations but revenues falling below projections. The company maintained its full-year outlook amidst ongoing growth in its wireless and broadband segments.
$Target (TGT.US)$ 's stock dropped slightly by 0.1%, as the retailer announced significant price reductions on over 2,000 items to attract cost-conscious consumers during the holiday shopping season.
$GE Aerospace (GE.US)$ 's stock fell by 5.9% after reporting third-quarter results that met earnings expectations but did not meet revenue forecasts.
$HSBC Holdings (HSBC.US)$ 's ADRs decreased by 0.3% as the bank disclosed extensive plans for a major restructuring of its corporate framework.
Source: CNBC; Investing.com
US Top Rating Updates on 10/22
Source: TipRanks
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