Premarket Movers: Cleveland-Cliffs Surges on Earnings Beat, Intel Climbs on Upgrade
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US equity futures pointed higher before Monday's open, with S&P 500 futures up 39 points, or 0.5%, Nasdaq 100 futures 318 points higher, or 1.1%, and Dow futures close to flat by 05:46 ET. Softer oil prices and a decline in Treasury yields helped AI-linked names claw back ground after last week's slide.
Biggest premarket movers, Monday Oct. 19, 2026 (as of ~05:46 ET)
| Company (Ticker) | Move (%) | Catalyst |
|---|---|---|
| Cleveland-Cliffs (CLF) | +10% | Q3 adjusted EPS 28c vs 21c FactSet estimate |
| Intel (INTC) | +4% | JPMorgan upgrade to neutral |
| Datadog (DDOG) | +3.6% | Bernstein upgrade to outperform |
| CoreWeave (CRWV) | +3.4% | Goldman Sachs upgrade to buy |
| Micron (MU) | +3.3% | Chip rally on Nvidia supply reports |
| Broadcom (AVGO) | +2.9% | Chip sector rebound |
| Rocket Lab (RKLB) | +2% | Relief bounce |
| Amazon (AMZN) | +1% | Morgan Stanley top pick |
| Blue Owl Capital (OWL) | +1% | Report that bankers approached it about a sale |
Cleveland-Cliffs surged more than 10% in premarket trading after a third-quarter beat. The steelmaker posted adjusted earnings of 28 cents per share, ahead of the 21 cents FactSet consensus.
Intel climbed close to 4% before the bell. JPMorgan lifted the chipmaker two notches in sentiment terms, moving it to neutral from underweight.
Datadog rose 3.6% after Bernstein SocGen Group switched the cloud monitoring firm to outperform from market perform. The broker had soured on the stock last quarter when a roughly $100M annual recurring revenue contract with its largest AI-native customer, widely assumed to be OpenAI, was cut back.
Amazon gained more than 1% after Morgan Stanley tagged the e-commerce and cloud giant as a top pick.
Chip and AI names rebound
CoreWeave advanced 3.4% in premarket trading, recovering from a drop of more than 25% last week. Goldman Sachs upgraded the AI cloud operator to buy from neutral, arguing the selloff left the shares too cheap.
Nebius also bounced early, with so-called neocloud operators steadying after reports that Nvidia is extending credit support to the strongest players in the group.
Micron Technology added 3.3% and Broadcom rose 2.9%, part of a broad semiconductor bounce. Nvidia is reportedly pushing Samsung, SK Hynix, and Micron toward TSMC's 3-nanometer process, and Qualcomm and Taiwan Semiconductor were higher too.
Nvidia and Advanced Micro Devices led semiconductor stocks higher in early trade, with KeyBanc keeping its overweight rating on Nvidia.
Rocket Lab picked up 2% in a relief move after last week's pressure on space and AI infrastructure names.
AST SpaceMobile drew attention after Boost Mobile founder Peter Adderton said publicly he'd be a buyer of the satellite firm's stock.
Deal talk lifts Blue Owl
Blue Owl Capital ticked up 1% following a weekend report that investment bankers had sounded out the alternative asset manager about selling itself in whole or in part. The report cited unnamed people familiar with the approach.
Match Group was in focus after Evercore ISI raised the dating app operator to outperform from in line, one of Monday's biggest analyst calls. Global-E Online also landed an upgrade, moving to overweight at Morgan Stanley, while Bank of America shifted Dow to neutral.
Netflix trades ahead of results due after Tuesday's close, kicking off a dense stretch for the streaming and tech group. Nearly 15% of S&P 500 companies report this week, including SpaceX on Tuesday evening plus Tesla and Meta Platforms on Wednesday, with General Motors and GE Aerospace also on the calendar.
