Market Movements Before the Bell

Here’s a look at some notable companies making headlines recently:

• JB Hunt Transport Services — The trucking and logistics firm saw a jump of over 14% following impressive quarterly earnings. For the third quarter, JB Hunt reported earnings of $1.76 per share on $3.05 billion in revenue. This was above analyst expectations of $1.46 per share and $3.03 billion. Other trucking companies, including Schneider National and Werner Enterprises, also experienced gains of about 2.5% to 3%.
• Salesforce — Shares climbed 6.1% after the company announced it anticipates 2030 revenue to surpass $60 billion. Analysts had projected slightly lower figures at $58.37 billion.
• United Airlines — The airline’s shares decreased by 1% after it reported third-quarter revenue of $15.23 billion, which fell short of the consensus estimate of $15.33 billion. However, its adjusted earnings of $2.78 per share exceeded expectations of $2.62 per share.
• Taiwan Semiconductor — The semiconductor manufacturer’s stock rose 2%, buoyed by a 39% increase in profits and a 30% bump in sales compared to last year. CEO CC Wei remarked on the positive trends in the AI market.
• Sea Ltd — This tech conglomerate’s shares increased nearly 4% after Bank of America upgraded its rating from neutral to buy, suggesting that prior declines may have been overdone and encouraging investors to buy at this level.
• T-Mobile — Wells Fargo upgraded T-Mobile from equal weight to overweight, pointing to its strong valuation relative to AT&T. T-Mobile shares climbed about 1% as a result.
• Arm Holdings and Meta Platforms — Arm’s shares grew by over 1% after they secured a multi-year deal with Meta, aimed at enhancing AI efficiency across computing layers. Meta’s stock also experienced a modest rise.
• Micron Technology — Shares rose more than 3% following a price target increase by UBS, fueled by positive dynamics from the ongoing shortage of Micron’s memory chips.
• Charles Schwab — The financial services company saw a 4% increase in shares after its adjusted earnings of $1.31 per share surpassed the estimated $1.21 per share. Schwab’s revenue hit $6.14 billion, exceeding predictions of $6.01 billion, and customer assets grew by 17% year-on-year to a record $11.59 trillion.
• Travelers Companies — The insurance company, part of the Dow Jones Industrial Average, dropped over 5% after reporting mixed results for the third quarter. Core earnings per share were $8.14, beating the consensus of $6.35, while sales fell short at $11.47 billion against expectations of $11.81 billion.
• Hewlett Packard Enterprise — Shares fell nearly 10% due to a less than optimistic outlook for fiscal year 2026, projecting adjusted earnings per share to fall between $2.20 and $2.40, slightly below the consensus of $2.40. Sales growth expectations were also lower than analyst forecasts.