Stocks making the biggest moves premarket: Intel, Amazon, Reddit, Chevron & more
Intel (INTC) shares fell 23% on weaker Q4 guidance. Rivian (RIVN) rose 8% after beating Q3 estimates. Amazon (AMZN) dropped 6% on missed earnings. Reddit (RDDT) declined 21% on lower Q4 revenue outlook. Crypto-related stocks fell over 4% after a major hack. Chevron (CVX) and Exxon (XOM) gained on strong earnings. AstraZeneca (AZN) rose 5% on better-than-expected Q3 results.
How this was made
The 30-second read
Why it matters
The article aggregates primary earnings disclosures, providing immediate trading cues for each ticker.
Market read
The mix of earnings beats and misses creates divergent pressure across sectors, offering multiple short‑term trading opportunities.
What to watch
Potential macro backdrop of higher interest rates may be amplifying earnings‑miss reactions.
Background
Premarket roundup of major U.S. stocks reporting Q3 results and guidance, plus a crypto‑hack impact.
Ticker impact
Intel shares tumbled 23% premarket after issuing weaker-than-expected Q4 guidance and EPS forecast of $0.25.
likely pressure as market prices in lower earnings outlook
Guidance is materially below consensus and caused a 23% drop.
Amazon slipped nearly 6% premarket after Q3 results missed expectations and posted $42.4B negative free cash flow.
downward pressure as investors reassess growth outlook
Missed expectations and large cash outflow triggered the move.
Rivian jumped over 8% after reporting Q3 loss of $0.48 per share, beating the $0.62 consensus, and raising delivery guidance.
upward pressure as market rewards better‑than‑expected results
Beat and higher guidance drove an 8% rise.
Chevron gained 1.4% after Q3 net income surged nearly 200% to $9.9B and revenue beat expectations.
moderate upside as investors note earnings strength
Profit jump supports a small gain.
Exxon Mobil rose more than 1.4% as Q3 profit doubled to $15.4B and revenue beat forecasts.
upward pressure from robust earnings
Doubling profit drives modest gain.
AstraZeneca shares jumped over 5% after Q3 earnings of $2.79 per share beat the $2.60 consensus.
upward momentum as results exceed expectations
Beat of $0.19 per share spurs a 5% rise.
Coinbase shares fell over 4% after a major crypto hack at Binance impacted $6.3B of assets.
downward pressure as market fears broader crypto fallout
Hack exposure caused a 4% drop.
Robinhood shares fell over 4% in the wake of the Binance hack affecting billions of crypto assets.
likely further decline if crypto market stays volatile
Hack news triggered a 4% sell‑off.
Market effects
Tech and consumer discretionary sectors face pressure from earnings misses; energy sector gains from strong oil earnings.
U.S. markets likely open lower on tech drags, while energy stocks may support broader indices.
Earnings of multinational firms (AstraZeneca, Exxon) affect global sentiment across regions.
Counterpoint
Investors could view the tech pullback as a buying opportunity if guidance is temporary.
Key entities
- CompanyIntel
Chipmaker issuing weak Q4 guidance.
- CompanyAmazon
E‑commerce giant missing Q3 expectations.
- CompanyReddit
Social platform changing user policy and guidance.
- CompanyRivian
EV maker beating Q3 loss expectations.
- CompanyChevron
Energy firm posting strong Q3 earnings.
