3M Company provides diversified technology services in the United States and internationally. The company's Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. Its Transportation and Electronics segment provides ceramic solutions; attachment/bonding products, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; semiconductor production materials; data centers solutions; and reflective signage for highway, and vehicle safety. The company's Consumer segment provides consumer bandages, braces, supports, and consumer respirators; home cleaning products; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. 3M Company was founded in 1902 and is headquartered in Saint Paul, Minnesota.

3M Company

For Berkshire Hathaway (BRK.B), the cost of sales and services is an important driver determining profitability, operational efficiency and long-term growth. Being a holding company, it owns subsidiaries engaged in numerous diverse business activities. As a diversified conglomerate, it has operations spanning insurance, railroads, energy, manufacturing, services, and retailing.
Cost of sales and services thus majorly include costs to deliver products or services across its wide range of manufacturing, services, and retailing businesses, as well as Pilot (operates 677 travel centers and 77 fuel-only retail locations across the U.S. and in five Canadian provinces) and McLane (provides wholesale distribution services in all 50 states).
Cost of sales and services represents about 50% of Berkshire Hathaway's total costs and expenses. It also represents about 45% of total revenues. These costs directly impact margin and operating leverage. It is very important to keep the magnitude of rise in cost lower than revenue growth, hence enabling margin expansion and freeing up cash for reinvestment.
Berkshire’s strategy depends on reinvesting retained earnings into acquisitions, capital projects, and marketable securities, making cost efficiency vital to its compounding growth. Its decentralized management model enables subsidiaries to independently innovate and control expenses, strengthening competitive advantages, preserving margins, and ultimately driving consistent long-term value creation for the conglomerate.
What About BRK.B’s Peers?
For 3M Company MMM, the cost of sales and services includes raw materials, manufacturing processes, and distribution costs across its diverse product lines. Effective cost management enables 3M Company to improve operating leverage.
For Honeywell International HON, these costs encompass production, engineering, and service delivery activities essential to operations. Such cost control helps Honeywell International improve profitability, cash generation, and margin expansion.
Both 3M Company and Honeywell International emphasize cost efficiency to enhance competitiveness, sustain operating margins and drive consistent long-term growth.
BRK.B’s Price Performance
Shares of BRK.B have gained 6.6% year to date, in line with the industry.
Image Source: Zacks Investment Research
BRK.B’s Expensive Valuation
BRK.B trades at a price-to-book value ratio of 1.57, above the industry average of 1.52.
Image Source: Zacks Investment Research
Estimates Movement for BRK.B
The Zacks Consensus Estimate for BRK.B’s third-quarter 2025 EPS has witnessed 23% upside over the past 30 days, while that for the fourth quarter has seen no movement. The consensus estimate for full-year 2025 has moved 0.3% north over the past 30 days, while that for 2026 has witnessed no movement.
Image Source: Zacks Investment Research
The consensus estimates for BRK.B’s 2025 and 2026 revenues indicate year-over-year increases. While the consensus estimate for BRK.B’s 2025 EPS indicates a year-over-year decline, the same for 2026 suggests an increase.
BRK.B stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Quantum Computing Stocks Set To Soar
Artificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.
Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.
Access the Report Free Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Here's How Cost of Sales & Services Shapes BRK.B's Margins and Growth

Last Friday, the three most widely followed benchmark indexes closed a winning week. The tech-heavy Nasdaq, the Dow Jones and the S&P 500 gained 2.3%, 2.2% and 1.9%, respectively.
The S&P 500 and Nasdaq registered their sharpest weekly advances since August, while the Dow Jones Industrial Average recorded its strongest weekly show since June.
The week’s trading reflects a mix of reduced trade-war fears between the United States and China, inflation coming in cooler than expected and U.S. sanctions on Russian oil firms shifting the energy market. The weaker-than-forecast inflation reading bolstered hopes for a rate cut by the Fed, lifting investor sentiment. Next week, markets will focus on upcoming central-bank commentary and big tech earnings.
Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market.
As usual, Zacks Research guided investors over the past three months with its time-tested methodologies. Given the prevailing market uncertainty, you may want to look at our feats to prepare better for your next action.
Here are some of our key achievements:
Micron and Napco Security Surge Following Zacks Rank Upgrade
Shares of Micron Technology, Inc. MU have gained 77.3% (versus the S&P 500’s 5.3% increase) since it was upgraded to a Zacks Rank #1 (Strong Buy) on August 19.
Another stock, Napco Security Technologies, Inc. NSSC, which was also upgraded to a Rank #1 on August 28, has returned 14.8% (versus the S&P 500’s 4.7% increase) since then.
A hypothetical portfolio of Zacks Rank # 1 (Strong Buy) stocks returned +8.64% in 2025 (through September 1st) vs. +7.60% for the S&P 500 index.
This portfolio returned +22.4% in 2024, vs. +28% for the S&P 500 index and +19.9% for the equal-weight version of the S&P 500 index.
This hypothetical portfolio returned +20.65% in 2023 vs. +24.83% for the S&P 500 index and +15% for the equal-weight S&P 500 index.
The Zacks Model Portfolio - consisting of Zacks Rank #1 stocks – has outperformed the S&P index by more than 12 percentage points since 1988 (through September 1st, 2025, the Zacks # 1 Rank stocks generated an annualized average return of +23.8% vs. +11.3% for the S&P 500 index).
Image Source: Zacks Investment Research
Zacks Recommendation Upgrades PDD and Seacoast Banking
Shares of PDD Holdings Inc. PDD and Seacoast Banking Corporation of Florida SBCF have surged 9.6% (versus the S&P 500’s 4.4% rise) and 6.7% (versus the S&P 500’s 6.1% rise), respectively, since their Zacks Recommendation was upgraded to Outperform on August 29 and August 21.
While the Zacks Rank is our short-term rating system that is most effective over the one- to three-month holding horizon, the Zacks Recommendation aims to predict performance over the next 6 to 12 months. However, just like the Zacks Rank, the foundation for the Zacks Recommendation is trends in earnings estimate revisions.
The Zacks Recommendation classifies stocks into three groups — Outperform, Neutral and Underperform. While these recommendations are determined quantitatively, our analysts have the flexibility to override them for the 1100+ stocks they closely follow based on their better judgment of factors such as valuation, industry conditions and management effectiveness than the quantitative model.
To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>>
Zacks Focus List Stocks Lam Research, Shopify Shoot Up
Shares of Lam Research Corporation LRCX, which belongs to the Zacks Focus List, have gained 56.4% over the past 12 weeks. The stock was added to the Focus List on December 5, 2016. Another Focus-List holding, Shopify Inc. SHOP, which was added to the portfolio on September 6, 2022, has returned 39% over the past 12 weeks. The S&P 500 has advanced 6.3% over this period.
The 50-stock Focus List portfolio returned 18.3% in 2025 (through September 30th, 2025) vs. +14.8% for the S&P 500 index and +9.9% for the equal-weight version of the index.
The Zacks Focus List portfolio returned +18.41% in 2024 vs. +25.04% for the S&P 500 index and +13% for the equal-weight S&P 500 index. The portfolio had returned +29.54% in 2023 vs. +26.28% for the S&P 500 index and +13.61% for the equal-weight S&P 500 index. In 2022, the portfolio returned -15.2% vs. the S&P 500 index’s -17.96%.
The portfolio leads the broader market over the preceding one, three, five and ‘since 2004’ periods. These annualized return comparisons are: +16.96% for the Focus List vs. +17.60% for the index over the one-year period, +26.77% vs. +24.94% over the 3-year period, +17.38% vs. +14.48% over the 5-year period, and +12.13% vs. +10.71% since 2004.
Unlock all of our powerful research, tools and analysis, including the Focus List, Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Gain full access now >>
Zacks ECAP Stocks Thermo Fisher & Fair Isaac Make Significant Gains
Thermo Fisher Scientific Inc. TMO, a component of our Earnings Certain Admiral Portfolio (ECAP), has jumped 19.7% over the past 12 weeks. Fair Isaac Corporation FICO has followed Thermo Fisher with 8.8% returns.
The Zacks Earnings Certain Admiral Portfolio (ECAP), which consists of 30 concentrated, ultra-defensive, long-term Buy-and-Hold stocks, returned +0.20% in the second quarter of 2025 vs. the S&P 500 index’s +10.94% gain (SPY ETF). In the year-to-date period through June 30th, the portfolio returned +3.93% vs. +6.20% gain for the S&P 500 index.
For the year 2024, the portfolio returned +16.26% vs. +24.89% for the S&P 500 index (SPY ETF).
In 2023, the portfolio returned +12.17% vs. +26.28% for the S&P 500 index. The portfolio returned -4.7% in 2022 vs. the S&P 500 index’s -17.96%.
With little to no turnover and annual rebalance periodicity, ECAP seeks to minimize capital loss by holding shares of companies whose earnings streams exhibit a proven 20+ year track record of surviving recessionary periods with minimal impact on aggregate earnings growth relative to the overall S&P 500.
The ECAP and many other model portfolios are available as part of Zacks Advisor Tools, a cloud-based solution to access Zacks award-winning stock, mutual fund and ETF research. Click here to schedule a demo.
Zacks ECDP Stocks UnitedHealth and 3M Outperform Peers
UnitedHealth Group Incorporated UNH, which is part of our Earnings Certain Dividend Portfolio (ECDP), has returned 29% over the past 12 weeks. Another ECDP stock, 3M Company MMM, has climbed 11.4% over the same time frame. Of course, the inclination of investors toward quality dividend stocks to secure an income stream amid heightened market volatility contributed to this performance.
With an extremely low beta and a history of minimum earnings variability over the last 20+ years, this 25-stock portfolio helps significantly mitigate risk.
The Zacks Earnings Certain Dividend Portfolio (ECDP) returned -3.17% in 2025 Q2 vs. the S&P 500 index’s +10.94% gain and the Dividend Aristocrats ETF’s (NOBL) -0.09% return. Year-to-date (through June 30th), the portfolio returned +2.38% vs. +2.18% gain for the Dividend Aristocrat ETF.
For the full year 2024, the portfolio returned +6.95% vs. +24.89% for the S&P 500 index and +6.72% for NOBL.
The portfolio returned -0.9% in 2023 vs. +26.28% for the S&P 500 index and +8.11% for NOBL. The portfolio returned -2.3% in 2022 vs. -17.96% for the S&P 500 index and -8.34% for NOBL.
Click here to access this portfolio on Zacks Advisor Tools.
Zacks Top 10 Stock Credo Technology Delivers Solid Returns
Credo Technology Group Holding Ltd CRDO, from the Zacks Top 10 Stocks for 2025, has jumped 131.4% year to date compared with the S&P 500 Index’s 15.6% increase.
The Top 10 portfolio returned +26.47% this year (through the end of September 2025) vs. +14.84% for the S&P 500 index and +9.9% for the equal-weight version of the index.
The Top 10 portfolio returned +62.98% in 2024, vs. +25.04% for the S&P 500 index and +13% for the equal-weight version of the index. The portfolio had returned +25.15% in 2023 vs. +26.28% for the S&P 500 index.
Since 2012, the Top 10 portfolio has produced a cumulative return of +2,553.1% through the end of September 2025 vs. +545.2% for the S&P 500 index and +396.4% for the equal-weight version of the index. The portfolio has produced an average return of +26.6% in the period 2012 through September 30, 2025, vs. +13.1% for the S&P 500 index and +10.5% for the equal-weight version of the index.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See "2nd Wave" AI stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Beat the Market the Zacks Way: PDD, Shopify, 3M in Focus

Key Points
Self-help initiatives are driving growth at 3M.
New product introductions and operational excellence are strengthening the investment case for buying the stock.
3M (NYSE: MMM) stock is up 12.4% in the week to Friday morning, in a week where management released a positive set of third-quarter earnings and upgraded full-year guidance. A company raising full-year guidance is rarely bad news. Still, the real news here is not so much in the headline guidance as in the ongoing operational improvements driven by CEO Bill Brown since he began his tenure in May 2024.
3M's recovery continues
Management upgraded full-year earnings-per-share (EPS) guidance from a previous range of $7.75 to $8 to a new range of $7.95 to $8.05, and tweaked organic revenue growth guidance from about 2% to more than 2%. However, this isn't a story of slightly better end markets bleeding into a somewhat improved earnings outlook.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Instead, 3M's self-help initiatives are driving underlying improvement at the company, and that bodes well for when its industrial, safety, electronics, consumer, and automotive end markets start improving. Discussing the third-quarter organic revenue growth of 3.2% (management had previously predicted 2.5%), Brown said 50 of the 70-basis-points improvement to expectations (where 100 basis points equals 1%) came down to "self-help" initiatives such as improving commercial operations and new product introductions (NPI), driving sales.
What's next for 3M?
Returning 3M to its roots as a company, driving revenue growth through NPI while executing well on things like asset utilization and on-time in-full deliveries has been a key focus of Brown's tenure, and it appears to be working. Moreover, given that the company is still in the early innings of Brown's plans, investors can expect much more in the coming years.
Should you invest $1,000 in 3M right now?
Before you buy stock in 3M, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and 3M wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $602,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,105,092!*
Now, it’s worth noting Stock Advisor’s total average return is 1,028% — a market-crushing outperformance compared to 190% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
*Stock Advisor returns as of October 20, 2025
Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends 3M. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Here's Why 3M Stock Soared Again This Week

Wall Street closed mixed on Tuesday, driven by industrial and discretionary stocks. Investor mood was slightly upbeat on strong corporate earnings, and President Trump expressed hope about a fair deal being struck with China. One of the three benchmark indexes finished in the green, one in red, while one remained virtually unchanged.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) climbed 0.5%, or 218.16 points, to close at 46,924.74. Eighteen components of the 30-stock index ended in positive territory, while 12 ended in negative.
The tech-heavy Nasdaq Composite lost 36.88 points, or 0.2%, to close at 22,953.67.
The S&P 500 gained 0.22 points, remaining virtually flat at 6,735.35. Five of the 11 broad sectors of the benchmark index closed in the green. The Consumer Discretionary Select Sector SPDR (XLY), the Industrials Select Sector SPDR (XLI) and the Communication Services Select Sector SPDR (XLC) advanced 1.2%, 0.9% and 0.4%, respectively, while the Utilities Select Sector SPDR (XLU) fell 0.1%.
The fear gauge CBOE Volatility Index (VIX) decreased 2% to 17.87. A total of 19.7 billion shares were traded on Tuesday, lower than the last 20-session average of 20.3 billion. Advancers outnumbered decliners by a 1.27-to-1 ratio on the NYSE, while on the Nasdaq, decliners edged past advancers by a 1.11-to-1 ratio.
Wall Street Mixed as Solid Industrial Earnings Lift Dow, Tech Stocks Lag
On Tuesday, investors weighed a strong batch of corporate earnings against concerns about the sustainability of the recent rally. The Dow Jones Industrial Average advanced modestly, supported by upbeat results from several industrial and capital goods companies, while the S&P 500 closed almost unchanged and the Nasdaq Composite slipped, dragged by weakness in a few large-cap tech names.
The day’s gains were fueled primarily by solid third-quarter earnings reports, which continued to signal resilience in the broader U.S. economy despite slowing growth in certain sectors. Companies in manufacturing, construction equipment and transportation reported robust demand and better-than-expected profits, reflecting sustained business spending and infrastructure activity. Companies like General Motors Company GM, Lockheed Martin Corporation LMT and 3M Company MMM beat earnings estimates and raised their forecasts for the year. These upbeat results bolstered cyclical stocks and helped the Dow outperform.
Meanwhile, investors remained cautious about the tech sector, where some high-valuation stocks faced mild profit-taking after recent strong advances. Market participants also looked ahead to key reports from major tech firms later in the week, which are expected to offer further insight into consumer and enterprise spending trends. Bond yields edged higher, with the 10-year Treasury yield hovering near 4.3%, as traders reassessed the Fed’s rate outlook. Tuesday’s session highlighted the rotation from defensive to cyclical sectors, with industrials, materials and select consumer discretionary names attracting buying interest.
Consequently, shares of Amazon.com, Inc. AMZN and Howmet Aerospace Inc. HWM jumped 2.6% and 2.4%, respectively. While AMZN currently carries a Zacks Rank #2 (Buy), HWM has a #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Trump’s Softened Tone on China Lifts Market Sentiment
President Donald Trump struck a conciliatory tone toward China on Tuesday, saying he expected to reach a “fair and fantastic trade deal” with President Xi Jinping if discussions progressed after their next meeting. He also downplayed fears of a Taiwan conflict, suggesting that China “doesn’t want to do that,” signaling a softer stance after weeks of hawkish rhetoric. His comments were widely interpreted as an attempt to calm trade tensions and reassure global investors about U.S.-China relations. Markets responded positively to Trump’s remarks. Wall Street indexes edged higher, with cyclical and industrial stocks gaining as traders viewed his comments as a sign of easing geopolitical friction.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See "2nd Wave" AI stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stock Market News for Oct 22, 2025

The S&P 500 Index ($SPX) (SPY) on Tuesday closed unchanged, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.47%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.06%. December E-mini S&P futures (ESZ25) fell -0.05%, and December E-mini Nasdaq futures (NQZ25) fell -0.08%.
Stock indexes settled mixed on Tuesday, with the S&P 500 posting a one-week high and the Dow Jones Industrial Average reaching a new record high. The broader market found support Tuesday on some positive corporate news. General Motors closed up more than +14% after raising its full-year adjusted EPS estimate. Also, 3M Co closed up more than +7% after raising its full-year adjusted EPS continuing operations estimate. In addition, RTX Corp closed up more than +7% after raising its full-year adjusted sales estimate. Finally, Coca-Cola closed up more than +4% after reporting better-than-expected Q3 comparable EPS.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
On the negative side, mining stocks retreated on Tuesday after the price of gold sank by more than -5% and silver prices plunged by more than -7% due to long liquidation pressures following their rallies to record highs last week. Also, weakness in semiconductor stocks weighed on the Nasdaq 100.
Gains in stocks were limited on Tuesday as they consolidated some of their sharp gains made over the past two sessions. The market is focusing on progress in US-China trade talks, as President Trump on Monday reiterated his threat to boost tariffs on Chinese goods "if there isn't a deal" by November 1. President Trump is scheduled to meet Chinese President Xi Jinping next week on the sidelines of the Asia-Pacific Economic Cooperation conference in South Korea.
In some minor US economic news, the Oct Philadelphia Fed non-manufacturing business activity survey fell -9.9 to a 4-month low of -22.2.
The shutdown of the US government continues into its fourth week, weighing on market sentiment and delaying key economic reports. The government shutdown means delays in the release of government reports, including the last three weeks of weekly initial unemployment claims and the Sep payroll report. The Bureau of Labor Statistics (BLS) said the September consumer price report, which was initially scheduled to be released last Wednesday, will be released this Friday. The White House has warned that if the government shutdown lingers, it would trigger widespread dismissals of employees in government programs that don't align with President Trump's priorities. Bloomberg Economics estimates that 640,000 federal workers will be furloughed during the shutdown, which would expand jobless claims and push the unemployment rate up to 4.7%.
Trade tensions between the US and China, the ongoing US government shutdown, and fears about credit quality in the US have sparked a buying spree in precious metals as a haven, with gold and silver reaching fresh all-time highs last Friday.
The markets this week will focus on earnings results as the Q3 earnings season continues. Rising corporate earnings expectations are a bullish backdrop for stocks. According to Bloomberg Intelligence, 85% of the S&P 500 companies that have reported so far have beaten forecasts. Also, more than 22% of companies in the S&P 500 that have provided guidance for their Q3 earnings results are expected to beat analysts' expectations, the highest in a year. However, Q3 profits are expected to have risen by +7.2% y/y, the smallest increase in two years. Also, Q3 sales growth is projected to slow to +5.9% y/y from 6.4% in Q2.
The markets are pricing in a 97% chance of a -25 bp rate cut at the next FOMC meeting on Oct 28-29.
Overseas stock markets settled higher on Tuesday. The Euro Stoxx 50 rallied to a new all-time high and closed up +0.10%. China's Shanghai Composite closed up +1.36%. Japan's Nikkei Stock 225 rose to a new record high and closed up by +0.27%.
Interest Rates
December 10-year T-notes (ZNZ5) on Tuesday closed up +5 ticks. The 10-year T-note yield fell -2.5 bp to 3.955%. T-note prices moved higher on Tuesday due to the ongoing US government shutdown, which could lead to additional job losses, reduced consumer spending, and a weakened US economy, potentially allowing the Fed to continue cutting interest rates. T-notes remained higher after the Oct Philadelphia Fed non-manufacturing business activity survey fell to a 4-month low.
European government bond yields moved lower on Tuesday. The 10-year German bund yield fell -2.5 bp to 2.552%. The 10-year UK gilt yield fell -2.7 bp to 4.478%.
Swaps are discounting a 2% chance for a -25 bp rate cut by the ECB at its next policy meeting on October 30.
US Stock Movers
General Motors (GM) closed up more than +14% to lead gainers in the S&P 500 after raising its full-year adjusted EPS estimate to $9.75-$10.50 from a previous estimate of $8.25-$10.00.
Halliburton (HAL) closed up more than +12% after reporting Q3 revenue of $5.60 billion, better than the consensus of $5.39 billion.
Warner Bros. Discovery (WBD) closed up more than +11% to lead gainers in the Nasdaq 100 after it announced it has initiated a review of strategic alternatives to maximize shareholder value.
Gartner (IT) closed up more than +8% after William Balire said it was "impressed" by a demo of the company's AI-powered AskGartner tool at the IT Symposium/Xpo 2025 conference.
3M Co (MMM) closed up more than +7% to lead gainers in the Dow Jones industrials after raising its full-year adjusted EPS continuing operations to $7.95-$8.05 from a previous estimate of $7.75-$8.00.
RTX Corp (RTX) closed up more than +7% after raising its full-year adjusted sales estimate to $86.5 billion-$87.0 billion from a previous estimate of $84.75 billion-$85.50 billion.
Danaher (DHR) closed up more than +6% after reporting Q3 adjusted EPS of $1.89, stronger than the consensus of $1.72.
Crown Holdings (CCK) closed up more than +5% after boosting its full-year adjusted EPS estimate to $7.70-$7.80 from a previous estimate of $7.10-$7.50, above the consensus of $7.39.
Coca-Cola (KO) closed up more than +3% after reporting Q3 comparable EPS of 82 cents, above the consensus of 78 cents.
Mining stocks sold off on Tuesday after gold prices sank more than -5% and silver prices plunged more than -7%. As a result, Newmont (NEM) closed down more than -9% to lead losers in the S&P 500. Also, Barrick Mining (B), Coeur Mining (CDE), Kinross Gold (KGC), and Anglogold Ashanti Plc (AU) closed down more than -9%.
Chipmakers declined on Tuesday, weighing on the Nasdaq 100. Micron Technology (MU) closed down more than -2%. Also, Broadcom (AVGO), Marvell Technology (MRVL), ASML Holding NV (ASML), ARM Holdings Plc (ARM), and Advanced Micro Devices (AMD) closed down more than -1%. In addition, Applied Materials (AMAT) closed down -0.93% and Nvidia (NVDA) closed down -0.81%.
Cleveland-Cliffs (CLF) closed down more than -17% after Wells Fargo Securities downgraded the stock to underweight from equal weight with a price target of $11.
NuScale Power (SMR) closed down more than -13% after Citigroup downgraded the stock to sell from neutral with a price target of $37.50.
Tempus AI (TEM) closed down more than -3% after TD Cowen downgraded the stock to hold from buy, citing valuation.
Alphabet (GOOGL) closed down by more than -2% after OpenAI unveiled the first AI-powered web browser, sparking competition with Alphabet's Google.
Verizon Communications (VZ) closed down more than -1% to lead losers in the Dow Jones Industrials after BNP Paribas Exane downgraded the stock to neutral from outperform.
Elevance Health (ELV) closed down more than -1% despite reporting better-than-expected Q3 operating revenue after the company said it sees 2025 Medicaid operating margin "modestly negative."
Earnings Reports(10/22/2025)
Alcoa Corp (AA), Amphenol Corp (APH), Annaly Capital Management Inc (NLY), AT&T Inc (T), Avery Dennison Corp (AVY), Boston Scientific Corp (BSX), CACI International Inc (CACI), Churchill Downs Inc (CHDN), CME Group Inc (CME), Crown Castle Inc (CCI), Equity LifeStyle Properties In (ELS), First American Financial Corp (FAF), FirstEnergy Corp (FE), GE Vernova Inc (GEV), Globe Life Inc (GL), Graco Inc (GGG), Hexcel Corp (HXL), Hilton Worldwide Holdings Inc (HLT), International Business Machine (IBM), Kinder Morgan Inc (KMI), Knight-Swift Transportation Holdings Inc (KNX), Lam Research Corp (LRCX), Las Vegas Sands Corp (LVS), Lennox International Inc (LII), Lithia Motors Inc (LAD), Medpace Holdings Inc (MEDP), Molina Healthcare Inc (MOH), Moody's Corp (MCO), Northern Trust Corp (NTRS), NVR Inc (NVR), O'Reilly Automotive Inc (ORLY), Packaging Corp of America (PKG), QuantumScape Corp (QS), Raymond James Financial Inc (RJF), Reliance Inc (RS), Robert Half Inc (RHI), SEI Investments Co (SEIC), Sonoco Products Co (SON), Southern Copper Corp (SCCO), SOUTHSTATE BANK CORP (SSB), Southwest Airlines Co (LUV), Stifel Financial Corp (SF), Teledyne Technologies Inc (TDY), Tesla Inc (TSLA), Thermo Fisher Scientific Inc (TMO), Travel + Leisure Co (TNL), United Rentals Inc (URI), Vertiv Holdings Co (VRT), Viking Therapeutics Inc (VKTX), Westinghouse Air Brake Technol (WAB), Wyndham Hotels & Resorts Inc (WH).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Mixed on Strong Earnings and Weakness in Mining Stocks

The S&P 500 Index ($SPX) (SPY) today is up +0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.58%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.12%. December E-mini S&P futures (ESZ25) are up +0.07%, and December E-mini Nasdaq futures (NQZ25) are down -0.11%.
Stock indexes are mixed today, with the Dow Jones Industrials posting a 1.5-week high. The broader market is moving slightly higher on some positive corporate news. General Motors is up more than +14% after raising its full-year adjusted EPS estimate. Also, RTX Corp is up more than +8% after raising its full-year adjusted sales estimate. In addition, Coca-Cola is up more than +3% after reporting better-than-expected Q3 comparable EPS.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
On the negative side, mining stocks are under pressure today, with the price of gold down by more than -4% and silver prices sinking by more than -7% due to long liquidation pressures following their rallies to record highs last week. Also, weakness in chipmakers today is weighing on the Nasdaq 100.
Gains in stocks are limited as they consolidate some of their sharp gains made over the past two sessions. The market is focusing on progress in US-China trade talks, as President Trump on Monday reiterated his threat to boost tariffs on Chinese goods “if there isn’t a deal” by November 1. President Trump is scheduled to meet Chinese President Xi Jinping next week on the sidelines of the Asia-Pacific Economic Cooperation conference in South Korea.
In some minor US economic news, the Oct Philadelphia Fed non-manufacturing business activity survey fell -9.9 to a 4-month low of -22.2.
The shutdown of the US government continues into its fourth week, weighing on market sentiment and delaying key economic reports. The government shutdown means delays in the release of government reports, including the last three weeks of weekly initial unemployment claims and the Sep payroll report. The Bureau of Labor Statistics (BLS) said the September consumer price report, which was initially scheduled to be released last Wednesday, will be released this Friday. The White House has warned that if the government shutdown lingers, it would trigger widespread dismissals of employees in government programs that don’t align with President Trump’s priorities. Bloomberg Economics estimates that 640,000 federal workers will be furloughed during the shutdown, which would expand jobless claims and push the unemployment rate up to 4.7%.
Trade tensions between the US and China, the ongoing US government shutdown, and fears about credit quality in the US have sparked a buying spree in precious metals as a haven, with gold and silver reaching fresh all-time highs last Friday.
The markets this week will focus on earnings results as the Q3 earnings season continues. Rising corporate earnings expectations are a bullish backdrop for stocks. According to Bloomberg Intelligence, 85% of the S&P 500 companies that have reported so far have beaten forecasts. Also, more than 22% of companies in the S&P 500 that have provided guidance for their Q3 earnings results are expected to beat analysts’ expectations, the highest in a year. However, Q3 profits are expected to have risen by +7.2% y/y, the smallest increase in two years. Also, Q3 sales growth is projected to slow to +5.9% y/y from 6.4% in Q2.
The markets are pricing in a 99% chance of a -25 bp rate cut at the next FOMC meeting on Oct 28-29.
Overseas stock markets are higher today. The Euro Stoxx 50 rallied to a new all-time high and is up +0.02%. China’s Shanghai Composite closed up +1.36%. Japan’s Nikkei Stock 225 rose to a new record high and closed up by +0.27%.
Interest Rates
December 10-year T-notes (ZNZ5) are up +5 ticks. The 10-year T-note yield is down -2.5 bp to 3.955%. T-note prices today are slightly higher. T-notes have support due to the ongoing US government shutdown, which could lead to additional job losses, reduced consumer spending, and a weakened US economy, potentially allowing the Fed to continue cutting interest rates. T-notes maintained modest gains after the Oct Philadelphia Fed non-manufacturing business activity survey fell to a 4-month low.
European government bond yields are moving lower today. The 10-year German bund yield is down -2.2 bp to 2.555%. The 10-year UK gilt yield is down -2.3 bp to 4.482%.
Swaps are discounting a 2% chance for a -25 bp rate cut by the ECB at its next policy meeting on October 30.
US Stock Movers
General Motors (GM) is up more than +14% to lead gainers in the S&P 500 after raising its full-year adjusted EPS estimate to $9.75-$10.50 from a previous estimate of $8.25-$10.00.
Warner Bros. Discovery (WBD) is up more than +9% to lead gainers in the Nasdaq 100 after it announced it has initiated a review of strategic alternatives to maximize shareholder value.
Halliburton (HAL) is up more than +9% after reporting Q3 revenue of $5.60 billion, better than the consensus of $5.39 billion.
RTX Corp (RTX) is up more than +8% after raising its full-year adjusted sales estimate to $86.5 billion-$87.0 billion from a previous estimate of $84.75 billion-$85.50 billion.
Danaher (DHR) is up more than +8% after reporting Q3 adjusted EPS of $1.89, stronger than the consensus of $1.72.
Crown Holdings (CCK) is up more than +4% after boosting its full-year adjusted EPS estimate to $7.70-$7.80 from a previous estimate of $7.10-$7.50, above the consensus of $7.39.
3M Co (MMM) is up more than +4% to lead gainers in the Dow Jones industrials after raising its full-year adjusted EPS continuing operations to $7.95-$8.05 from a previous estimate of $7.75-$8.00.
Coca-Cola (KO) is up more than +3% after reporting Q3 comparable EPS of 82 cents, above the consensus of 78 cents.
Mining stocks are under pressure today, with gold prices down by more than -4% and silver prices down by more than -7%. As a result, Newmont (NEM) is down more than -9% to lead losers in the S&P 500. Also, Barrick Mining (B), Coeur Mining (CDE), Kinross Gold (KGC), Anglogold Ashanti Plc (AU), and Freeport McMoRan (FCX) are down more than -3%.
Semiconductor stocks are sliding today and weighing on the Nasdaq 100. Marvel Technology (MRVL), Advanced Micro Devices (AMD), and Micron Technology (MU) are down more than -2%. Also, ARM Holdings Plc (ARM), Broadcom (AVGO), ASML Holding NV (ASML), and Nvidia (NVDA) are down more than -1%.
Cleveland-Cliffs (CLF) is down more than -17% after Wells Fargo Securities downgraded the stock to underweight from equal weight with a price target of $11.
NuScale Power (SMR) is down more than -8% after Citigroup downgraded the stock to sell from neutral with a price target of $37.50.
Verizon Communications (VZ) is down more than -1% to lead losers in the Dow Jones Industrials after BNP Paribas Exane downgraded the stock to neutral from outperform.
Elevance Health (ELV) is down more than -1% despite reporting better-than-expected Q3 operating revenue after the company said it sees 2025 Medicaid operating margin “modestly negative.”
PulteGroup (PHM) is down more than -1% after reporting a Q3 backlog of home orders fell -18% y/y to 9,888, below the consensus of 9,990.
Earnings Reports(10/21/2025)
3M Co (MMM), Agree Realty Corp (ADC), Capital One Financial Corp (COF), Chubb Ltd (CB), Coca-Cola Co/The (KO), Danaher Corp (DHR), East West Bancorp Inc (EWBC), Elevance Health Inc (ELV), EQT Corp (EQT), Equifax Inc (EFX), General Electric Co (GE), General Motors Co (GM), Genuine Parts Co (GPC), Halliburton Co (HAL), Intuitive Surgical Inc (ISRG), Lockheed Martin Corp (LMT), Manhattan Associates Inc (MANH), Matador Resources Co (MTDR), Mattel Inc (MAT), Nasdaq Inc (NDAQ), Netflix Inc (NFLX), Northrop Grumman Corp (NOC), Omnicom Group Inc (OMC), PACCAR Inc (PCAR), Pegasystems Inc (PEGA), Pentair PLC (PNR), Philip Morris International Inc (PM), PulteGroup Inc (PHM), Quest Diagnostics Inc (DGX), RTX Corp (RTX), Texas Instruments Inc (TXN), Valmont Industries Inc (VMI), Weatherford International PLC (WFRD), Western Alliance Bancorp (WAL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Supported by Strong Q3 Earnings Results

3M Company MMM reported third-quarter 2025 results, wherein revenues and earnings surpassed the Zacks Consensus Estimate.
It’s worth noting that in April 2024, the company completed the spin-off of its Healthcare business into a separate public company.
Inside MMM’s Headlines
3M delivered adjusted earnings of $2.19 per share, which surpassed the Zacks Consensus Estimate of $2.10. The company reported earnings of $1.98 per share in the year-ago quarter.
The company reported net revenues of $6.52 billion in the quarter. The metric increased 3.5% year over year. Organic sales increased 2.6%. Foreign currency translation had a positive impact of 1% while acquisitions/divestitures had a negative impact of 0.1%.
MMM’s adjusted revenues of $6.30 billion beat the consensus estimate of $6.25 billion. On an adjusted basis, organic revenues increased 3.2% year over year.
Region-wise, organic sales in the Americas rose 2.9% year over year while Asia Pacific organic sales increased 2.9%. Organic sales from businesses in Europe, the Middle East and Africa increased 1.3%.
3M Company Price, Consensus and EPS Surprise
3M’s Segmental Results
Revenues from Safety and Industrial totaled $2.92 billion, up 5.4% year over year. The Zacks Consensus Estimate for the segment’s revenues was pegged at $2.90 billion. Organic revenues increased 4.1% and foreign currency translation had a positive impact of 1.3%.
Revenues from Transportation & Electronics totaled $2.19 billion, reflecting a year-over-year increase of 2.4%. The upside is attributable to a 1.8% increase in organic sales. The consensus estimate for the segment’s revenues was pegged at $1.98 billion. Foreign currency translation had a 0.9% favorable impact while divestiture had an adverse impact of 0.3% on revenues.
Revenues from the Consumer segment increased 0.9% year over year to $1.31 billion. The consensus estimate for the segment’s revenues was also pegged at $1.31 billion. Organic sales increased 0.3%. Movements in foreign currencies had a positive impact of 0.6%.
MMM’s Margin Profile
3M’s cost of sales increased 4% year over year to $3.79 billion. Selling, general and administrative expenses decreased 22.8% to $820 million. Research, development and related expenses increased 10.4% year over year to $297 million.
In the third quarter, 3M reported an operating income of $1.45 billion, up 10% from the year-ago period.
MMM’s adjusted operating income increased 11.6% year over year to $1.56 billion. The adjusted operating margin was 24.7% compared with 23% in the year-ago quarter. The adjusted tax rate was 19.9% compared with 20.5% in the year-ago quarter.
3M’s Balance Sheet and Cash Flow
Exiting the third quarter, 3M had cash and cash equivalents of $4.7 billion compared with $5.6 billion at the end of December 2024. Long-term debt was $11.9 billion at the end of the quarter compared with $11.1 billion at the end of December 2024.
3M generated net cash of $723 million in operating activities compared with $1 million cash generated in the year-ago quarter. Capital used for purchasing property, plant and equipment decreased 25.6% to $662 million.
Adjusted free cash flow at the end of the quarter was $3.08 billion, up 13% year over year. Adjusted free cash flow conversion was 91% in the quarter.
In the first six months of 2025, 3M rewarded its shareholders with $1.2 billion in dividend payments.
MMM’s 2025 Guidance
For 2025, MMM expects adjusted earnings to be in the range of $7.95-$8.05 per share compared with $7.75-$8.00 previously projected. The midpoint of the guided range is about $8.00, which reflects an increase from earnings of $7.30 per share reported in 2024.
Adjusted total revenues are expected to grow more than 2.5%, while adjusted organic revenue growth is projected to be more than 2%. It expects adjusted operating cash flow of $5.2-$5.4 billion, with more than 100% adjusted free cash flow conversion rate.
MMM’s Zacks Rank
The company currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to Consider
Better-ranked companies are discussed below.
Grupo Cibest S.A. CIB currently sports a Zacks Rank of 1. Grupo Cibest delivered a trailing four-quarter average earnings surprise of 6.5%.
In the past 60 days, the Zacks Consensus Estimate for CIB’s 2025 earnings has increased 3.3%.
ITT Inc. ITT presently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter average earnings surprise of 1.5%.
The Zacks Consensus Estimate for ITT’s 2025 earnings has increased 0.2% in the past 60 days.
Flowserve Corporation FLS presently carries a Zacks Rank of 2. FLS delivered a trailing four-quarter average earnings surprise of 5.5%.
In the past 60 days, the consensus estimate for Flowserve’s 2025 earnings has remained steady.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include
Stock #1: A Disruptive Force with Notable Growth and Resilience
Stock #2: Bullish Signs Signaling to Buy the Dip
Stock #3: One of the Most Compelling Investments in the Market
Stock #4: Leader In a Red-Hot Industry Poised for Growth
Stock #5: Modern Omni-Channel Platform Coiled to Spring
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.
Download Atomic Opportunity: Nuclear Energy's Comeback free today.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

3M's Q3 Earnings & Revenues Surpass Estimates, Increase Y/Y

The S&P 500 Index ($SPX) (SPY) today is up +0.05%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.30%. December E-mini S&P futures (ESZ25) are up +0.03%, and December E-mini Nasdaq futures (NQZ25) are down -0.25%.
Stock indexes are mixed today, with the Dow Jones Industrials posting a 1.5-week high. The broader market is moving slightly higher on some positive corporate news. General Motors is up more than +12% after raising its full-year adjusted EPS estimate. Also, RTX Corp is up more than +10% after raising its full-year adjusted sales estimate. In addition, Coca-Cola is up more than +3% after reporting better-than-expected Q3 comparable EPS.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
On the negative side, mining stocks are under pressure today, with the price of gold down by more than -3% and silver prices sinking by more than -5%.
Gains in stocks are limited as they consolidate some of their sharp gains made over the past two sessions. The market is focusing on progress in US-China trade talks, as President Trump on Monday reiterated his threat to boost tariffs on Chinese goods “if there isn’t a deal” by November 1. President Trump is scheduled to meet Chinese President Xi Jinping next week on the sidelines of the Asia-Pacific Economic Cooperation conference in South Korea.
In some minor US economic news, the Oct Philadelphia Fed non-manufacturing business activity survey fell -9.9 to a 4-month low of -22.2.
The shutdown of the US government continues into its fourth week, weighing on market sentiment and delaying key economic reports. The government shutdown means delays in the release of government reports, including the last three weeks of weekly initial unemployment claims and the Sep payroll report. The Bureau of Labor Statistics (BLS) said the September consumer price report, which was initially scheduled to be released last Wednesday, will be released this Friday. The White House has warned that if the government shutdown lingers, it would trigger widespread dismissals of employees in government programs that don’t align with President Trump’s priorities. Bloomberg Economics estimates that 640,000 federal workers will be furloughed during the shutdown, which would expand jobless claims and push the unemployment rate up to 4.7%.
Trade tensions between the US and China, the ongoing US government shutdown, and fears about credit quality in the US have sparked a buying spree in precious metals as a haven, with gold and silver reaching fresh all-time highs last Friday.
The markets this week will focus on earnings results as the Q3 earnings season continues. Rising corporate earnings expectations are a bullish backdrop for stocks. According to Bloomberg Intelligence, 85% of the S&P 500 companies that have reported so far have beaten forecasts. Also, more than 22% of companies in the S&P 500 that have provided guidance for their Q3 earnings results are expected to beat analysts’ expectations, the highest in a year. However, Q3 profits are expected to have risen by +7.2% y/y, the smallest increase in two years. Also, Q3 sales growth is projected to slow to +5.9% y/y from 6.4% in Q2.
The markets are pricing in a 99% chance of a -25 bp rate cut at the next FOMC meeting on Oct 28-29.
Overseas stock markets are higher today. The Euro Stoxx 50 rallied to a new all-time high and is up +0.05%. China’s Shanghai Composite closed up +1.36%. Japan’s Nikkei Stock 225 rose to a new record high and closed up by +0.27%.
Interest Rates
December 10-year T-notes (ZNZ5) are up +5 ticks. The 10-year T-note yield is down -2.7 bp to 3.953%. T-note prices today are slightly higher. T-notes have support due to the ongoing US government shutdown, which could lead to additional job losses, reduced consumer spending, and a weakened US economy, potentially allowing the Fed to continue cutting interest rates. T-notes maintained modest gains after the Oct Philadelphia Fed non-manufacturing business activity survey fell to a 4-month low.
European government bond yields today are moving lower. The 10-year German bund yield is down -2.2 bp to 2.555%. The 10-year UK gilt yield is down -3.2 bp to 4.473%.
Swaps are discounting a 2% chance for a -25 bp rate cut by the ECB at its next policy meeting on October 30.
US Stock Movers
General Motors (GM) is up more than +12% to lead gainers in the S&P 500 after raising its full-year adjusted EPS estimate to $9.75-$10.50 from a previous estimate of $8.25-$10.00.
Warner Bros. Discovery (WBD) is up more than +10% to lead gainers in the Nasdaq 100 after it announced it has initiated a review of strategic alternatives to maximize shareholder value.
RTX Corp (RTX) is up more than +10% after raising its full-year adjusted sales estimate to $86.5 billion-$87.0 billion from a previous estimate of $84.75 billion-$85.50 billion.
Halliburton (HAL) is up more than +8% after reporting Q3 revenue of $5.60 billion, better than the consensus of $5.39 billion.
Danaher (DHR) is up more than +8% after reporting Q3 adjusted EPS of $1.89, stronger than the consensus of $1.72.
Crown Holdings (CCK) is up more than +4% after boosting its full-year adjusted EPS estimate to $7.70-$7.80 from a previous estimate of $7.10-$7.50, above the consensus of $7.39.
Coca-Cola (KO) is up more than +3% to lead gainers in the Dow Jones industrials after reporting Q3 comparable EPS of 82 cents, above the consensus of 78 cents.
3M Co (MMM) is up more than +2% after raising its full-year adjusted EPS continuing operations to $7.95-$8.05 from a previous estimate of $7.75-$8.00.
Mining stocks are under pressure today, with gold prices down by more than -3% and silver prices down by more than -5%. As a result, Newmont (NEM) is down more than -8% to lead losers in the S&P 500. Also, Barrick Mining (B), Coeur Mining (CDE), Kinross Gold (KGC), Anglogold Ashanti Plc (AU), and Freeport McMoRan (FCX) are down more than -3%.
Cleveland-Cliffs (CLF) is down more than -14% after Wells Fargo Securities downgraded the stock to underweight from equal weight with a price target of $11.
NuScale Power (SMR) is down more than -7% after Citigroup downgraded the stock to sell from neutral with a price target of $37.50.
Elevance Health (ELV) is down more than -4% despite reporting better-than-expected Q3 operating revenue after the company said it sees 2025 Medicaid operating margin “modestly negative.”
PulteGroup (PHM) is down more than -3% after reporting a Q3 backlog of home orders fell -18% y/y to 9,888, below the consensus of 9,990.
Northrop Grumman (NOC) is down more than -1% after cutting its full-year sales forecast to $41.70 billion-$41.90 billion from a previous estimate of $43.05 billion-$42.25 billion, weaker than the consensus of $42.22 billion.
W R Berkley (WRB) is down more than -1% after reporting Q3 net premiums written of $3.23 billion, below the consensus of $3.28 billion.
Earnings Reports(10/21/2025)
3M Co (MMM), Agree Realty Corp (ADC), Capital One Financial Corp (COF), Chubb Ltd (CB), Coca-Cola Co/The (KO), Danaher Corp (DHR), East West Bancorp Inc (EWBC), Elevance Health Inc (ELV), EQT Corp (EQT), Equifax Inc (EFX), General Electric Co (GE), General Motors Co (GM), Genuine Parts Co (GPC), Halliburton Co (HAL), Intuitive Surgical Inc (ISRG), Lockheed Martin Corp (LMT), Manhattan Associates Inc (MANH), Matador Resources Co (MTDR), Mattel Inc (MAT), Nasdaq Inc (NDAQ), Netflix Inc (NFLX), Northrop Grumman Corp (NOC), Omnicom Group Inc (OMC), PACCAR Inc (PCAR), Pegasystems Inc (PEGA), Pentair PLC (PNR), Philip Morris International Inc (PM), PulteGroup Inc (PHM), Quest Diagnostics Inc (DGX), RTX Corp (RTX), Texas Instruments Inc (TXN), Valmont Industries Inc (VMI), Weatherford International PLC (WFRD), Western Alliance Bancorp (WAL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Mixed on Mostly Positive Corporate News

Pre-markets are flat a half-hour prior to the opening bell today. Major market indexes rebounded into the green over the past month in what has so far been a fairly turbulent October, and are back to all-time highs. The Dow and the S&P 500 are both up +2 points at this hour, the Nasdaq is at 0.0. The small-cap Russell 2000, which has outperformed the field over the past two trading days, is -3 points.
We’ll get a new Consumer Price Index (CPI) this week, but not until Friday. The government shutdown has now gone on three weeks, and we’ve been devoid federal government economic data since the first of the month. What’s important about this week is the cornucopia of earnings reports:
Q3 Earnings Ahead of the Open: GE, GM, LMT, KO, MMM
GE Aerospace GE beat consensus estimates on earnings by 20 cents: $1.66 per share versus $1.46, for a +13.7% surprise. Revenues came in at $11.3 billion, +9.4% above expectations. Shares are up again on the news, by +2.75% — adding to its extraordinary performance so far in 2025, +81.5%.
General Motors GM sees its shares +11% in early trading on big beats in its Q3 report this morning. Earnings of $2.80 per share outperformed the Zacks consensus by +22.8%, on a +9.76% revenue beat to $48.59 billion — the strongest quarter since 2017. Business in China was good, as we’ve heard elsewhere so far this earnings season.
Lockheed Martin LMT shares are flat on its Q3 beat this morning: earnings of $6.95 per share outpaced the $6.33 estimate by +9.8%. Guidance had been revised lower earlier in the quarter. Revenues of $18.61 billion was ahead of projections by +0.28%. Shares continue to underperform the broader indexes year to date.
Coca-Cola KO is up +2.86% this pre-market, with a 4-cents earnings beat to 82 cents per share. Revenues of $12.41 billion surpassed expectations by +10%. The company has so far been able to pass along price increases to its customers.
3M MMM beat and raised this morning in its Q3 report. Earnings of $2.19 per share beat the Zacks consensus of $2.10 by +4.3%. Revenues of $6.34 billion were ahead of the $6.25 billion estimated. Full-year earnings guidance has pulled up beyond current consensus, to $7.95-8.05 per share.
What to Expect from the Stock Market Today
Among those companies posting earnings after today’s close is Netflix NFLX — the first of the so-called “Mag 7” stocks to report this quarter. Expectations are for solid growth numbers on both top and bottom lines: +27.6% on earnings per share and +17.3% on revenues. The company has beaten its earnings estimates in all of the past four quarters by an average +6.4%. Shares are flat now, but +39% year to date.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include
Stock #1: A Disruptive Force with Notable Growth and Resilience
Stock #2: Bullish Signs Signaling to Buy the Dip
Stock #3: One of the Most Compelling Investments in the Market
Stock #4: Leader In a Red-Hot Industry Poised for Growth
Stock #5: Modern Omni-Channel Platform Coiled to Spring
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.
Download Atomic Opportunity: Nuclear Energy's Comeback free today.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CocaCola Company (The) (KO) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Market Awaits CPI Report Due Friday

Tuesday, October 21, 2025
Pre-markets are flat a half-hour prior to the opening bell today. Major market indexes rebounded into the green over the past month in what has so far been a fairly turbulent October, and are back to all-time highs. The Dow and the S&P 500 are both up +2 points at this hour, the Nasdaq is at 0.0. The small-cap Russell 2000, which has outperformed the field over the past two trading days, is -3 points.
We’ll get a new Consumer Price Index (CPI) this week, but not until Friday. The government shutdown has now gone on three weeks, and we’ve been devoid federal government economic data since the first of the month. What’s important about this week is the cornucopia of earnings reports:
Q3 Earnings Ahead of the Open: GE, GM, LMT, KO, MMM
GE Aerospace GE beat consensus estimates on earnings by 20 cents: $1.66 per share versus $1.46, for a +13.7% surprise. Revenues came in at $11.3 billion, +9.4% above expectations. Shares are up again on the news, by +2.75% — adding to its extraordinary performance so far in 2025, +81.5%. For more on GE’s earnings, click here.
General Motors GM sees its shares +11% in early trading on big beats in its Q3 report this morning. Earnings of $2.80 per share outperformed the Zacks consensus by +22.8%, on a +9.76% revenue beat to $48.59 billion — the strongest quarter since 2017. Business in China was good, as we’ve heard elsewhere so far this earnings season. For more on GM’s earnings, click here.
Lockheed Martin LMT shares are flat on its Q3 beat this morning: earnings of $6.95 per share outpaced the $6.33 estimate by +9.8%. Guidance had been revised lower earlier in the quarter. Revenues of $18.61 billion was ahead of projections by +0.28%. Shares continue to underperform the broader indexes year to date. For more on LMT’s earnings, click here.
Coca-Cola KO is up +2.86% this pre-market, with a 4-cents earnings beat to 82 cents per share. Revenues of $12.41 billion surpassed expectations by +10%. The company has so far been able to pass along price increases to its customers. For more on KO’s earnings, click here.
3M MMM beat and raised this morning in its Q3 report. Earnings of $2.19 per share beat the Zacks consensus of $2.10 by +4.3%. Revenues of $6.34 billion were ahead of the $6.25 billion estimated. Full-year earnings guidance has pulled up beyond current consensus, to $7.95-8.05 per share.
What to Expect from the Stock Market Today
Among those companies posting earnings after today’s close is Netflix NFLX — the first of the so-called “Mag 7” stocks to report this quarter. Expectations are for solid growth numbers on both top and bottom lines: +27.6% on earnings per share and +17.3% on revenues. The company has beaten its earnings estimates in all of the past four quarters by an average +6.4%. Shares are flat now, but +39% year to date.
Questions or comments about this article and/or author? Click here>>
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include
Stock #1: A Disruptive Force with Notable Growth and Resilience
Stock #2: Bullish Signs Signaling to Buy the Dip
Stock #3: One of the Most Compelling Investments in the Market
Stock #4: Leader In a Red-Hot Industry Poised for Growth
Stock #5: Modern Omni-Channel Platform Coiled to Spring
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.
Download Atomic Opportunity: Nuclear Energy's Comeback free today.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CocaCola Company (The) (KO) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

3M Company

Price history and volume

Shares 360

Investment risk — low

Investment potential — medium

AI Factors

German Economy

Consumer Spending

Inflation

Interest Rates

About