SpaceX (SPCX.US) earnings report detonates the options market, and the market capitalization may fluctuate over 100 billion US dollars

According to Woofun AI, the US stock market will face a sharp shock driven by financial reports on Tuesday, and the options market has locked in high volatility expectations ahead of schedule. From aerospace to streaming entertainment, a number of industry giants, including SpaceX (SPCX.US), Netflix (NFLX.US) and others, will focus on disclosing results for the third quarter of 2026. Benzinga Pro's watchlist shows that although SpaceX (SPCX.US) is in the spotlight, the individual stocks with the biggest potential price changes are distributed at the end of the list. As the countdown to the release of earnings reports progresses, the degree of market volatility is rising rapidly from relatively steady to a high level.

RTX Corp. (RTX.US) will be the first to announce financial results for the third quarter of 2026 before opening. Wall Street analysts expect earnings per share of $1.78 billion and revenue of $24.08 billion, up from $1.70 and $224.8 billion in the same period last year. The options market expects the share price to fluctuate 5.42%. Given that RTX's market capitalization is as high as $259 billion, this means that the market value of approximately $141 billion may change before and after the earnings report is released. As an important aerospace and defense manufacturer, RTX's business spans commercial aerospace supply and defense projects, and investors pay close attention to the balance between aviation industry needs and defense budgets.

Benzinga Pro data shows that the stock is currently receiving a 'buy' consensus rating, but the stock price is still below analysts' average expected price within 180 days; in October of this year, RBC Capital (RY.US), Bernstein, and TD Cowen (TD.US) all lowered their expected prices. The stock has risen 3.6% since 2026, but after rising above the 200-day moving average on July 50, the stock price is still 1.4% below the 200-day moving average. Currently, the stock price is around $226.88, which is about 15% below the 52-week high.

GE Aerospace (GE.US) also released financial results for the third quarter of 2026 before opening. The market expects earnings per share of $2.00 and revenue of $12.84 billion, compared to $1.66 and $12.18 billion, respectively, in the same period last year. The options market expects the share price to fluctuate 5.50%. Considering GE's market capitalization of $328 billion, approximately $181 billion of market capitalization is likely to be affected before and after the earnings report. GE Aerospace is responsible for the design, manufacture, and maintenance of commercial aircraft turbine engines, and provides services through CFM projects in partnership with Safran. Delivery status, maintenance frequency, and service content are the keys to influencing stock prices. The stock received a 'buy' rating, but its price was far below analysts' average 180-day expectations; Wells Fargo Bank (WFC.US) and Jefferies (JEF.US) lowered their expected prices in September of this year. The stock is down 2.2% since 2026, and its price is 2.4% below the 200-day moving average. The current share price is around $388.84, which is roughly 52% below its 19week high.

3M Company (MMM.US) also announced financial results for the third quarter of 2026 before opening. Analysts expected earnings of $2.39 per share and revenue of $6.61 billion, compared to $2.19 and $6.3 billion, respectively, in the same period last year. The options market expects the share price to fluctuate at 5.55%. Given that 3M's market capitalization is $85.2 billion, the market value of approximately $4.73 billion is likely to change before and after the financial report. 3M products range from industrial materials to safety equipment, and quarterly performance depends on the needs of each end market. Benzinga Pro showed that the stock received a 'hold' rating, and the share price was lower than analysts' 180-day average expectations; JPMorgan Chase (JPM.US) lowered expectations in October, while Bernstein raised the rating to 'good market performance' and raised expectations in September. The stock has risen 1.8% since 2026, and after the July 50 moving average rose above the 200-day moving average, the stock price is currently 2.7% higher than the 200-day moving average.

Halliburton Company (HAL.US) released financial results for the third quarter of 2026 before opening. The market expects earnings of 58 cents per share and revenue of $5.57 billion, which is roughly the same as 58 cents and $5.6 billion in the same period last year. The options market expects the share price to fluctuate 5.58%. For the $28 billion oilfield services company, this means that around $1.56 billion in market capitalization could be affected. Halliburton is a leading oil field service company in North America. It occupies an important position in hydraulic fracturing and well completion operations, and investors pay close attention to its business scale and pricing capabilities. The stock received a 'buy' rating, but its price was far below analysts' average 180-day expectations; in September of this year, UBS (UBS.US) reaffirmed its' neutral 'rating and raised expectations. The stock has risen 13.2% since 2026, but after the August 50 moving average fell below the 200-day moving average, the stock price was still 6.0% below the 200-day moving average. The current share price is around $43.59, which is roughly 52% below its 23week high.

General Motors (GM.US) announced financial results for the third quarter of 2026 before opening. The market expects earnings per share of $3.63 billion and revenue of $48.7 billion, up from $2.80 and $48.59 billion in the same period last year. The options market expects the share price to fluctuate at 5.85%. Given GM's market capitalization of $76.5 billion, approximately $4.48 billion of market capitalization is likely to be affected before and after the earnings report. GM's business covers various sectors such as GM North America, GM International, and GM Financial. Financial performance depends on each sector's profit and regional market demand. Benzinga Pro showed that the stock received a 'buy' rating, but the stock price was far below analysts' 180-day average expectations; in October of this year, JPMorgan Chase (JPM.US) and UBS (UBS.US) lowered expectations, while RBC Capital (RY.US) raised expectations. The stock has risen 3.7% since 2026, and after the July 50 moving average rose above the 200-day moving average, the stock price is currently 4.9% higher than the 200-day moving average.

Space Exploration Technologies Corp. (SPCX.US) will announce financial results for the third quarter of 2026 after the close. Wall Street expects earnings of 14 cents per share and revenue of $127.1 billion. The options market expects the share price to fluctuate at 6.61%. Given that SpaceX (SPCX.US)'s market capitalization is as high as $1.93 trillion, the market capitalization of about $12.8 billion before and after the financial report is likely to be affected. The company designs, manufactures and operates reusable rockets to deliver orbital loads to government and commercial customers. The market focus will focus on rocket launch frequency and related contract developments. The stock received a 'buy' rating, but the stock price was far below analysts' 180-day average expectations; in October of this year, Evercore ISI Group (EVR.US) raised expectations, while Barclays (BCS.US) gave it an 'overrated' rating and began tracking.

Intuitive Surgical Inc. (ISRG.US) announced financial results for the third quarter of 2026 after the close. Analysts expect earnings per share of $2.64 billion and revenue of $29.1 billion, compared to $2.40 and $2.5 billion, respectively, in the same period last year. The options market expects the share price fluctuation to be 8.09%. Given its market capitalization of $154 billion, approximately $12.4 billion of market capitalization is likely to be affected before and after the earnings report. Intuitive Surgical sells minimally invasive surgical robotic systems and earns continuous revenue through instruments and accessories. The number of surgeries and system installations affects stock prices.

The stock received a 'buy' rating, but the stock price fell short of analysts' 180-day average expectations; in October of this year, BTIG lowered its expectations, while Barclays (BCS.US) gave it an 'overrated' rating and began tracking. The stock is down 24.1% since 2026, and its price is 2.5% below the 200-day moving average. The current share price is around $603.88, which is roughly 52% below its 29-week high. United Airlines Holdings, Inc. (UAL.US) also announced financial results for the third quarter of 2026 after the close.

The market expects earnings per share of $2.59 billion and revenue of $17.89 billion, compared to $2.78 billion and $15.22 billion, respectively, in the same period last year. The options market expects the share price to fluctuate at 8.14%. Given its market capitalization of $31.5 billion, approximately $2.57 billion of market capitalization is likely to be affected before and after the earnings report. United Airlines is a major US airline with hubs including San Francisco, Chicago, Houston, Denver, Los Angeles, Newark, and Washington, D.C. Investors focus on demand trends and unit revenue and cost pressures.

The stock received a 'buy' rating, but its price was far below analysts' 180-day average expectations; UBS (UBS.US), Susquehanna, and Wells Fargo Bank (WFC.US) lowered their expectations in October of this year. The stock has declined 15.0% since 2026, and after the June 50 moving average rose above the 200-day moving average, the stock price is still 10.6% below the 200-day moving average. Currently, the stock price is around $138.77, which is about 30% below the 52-week high.

Netflix (NFLX.US) announced financial results for the third quarter of 2026 after closing. The market expects earnings of 82 cents per share and revenue of $12.88 billion, up from 59 cents and $15.1 billion in the same period last year. The options market expects stock price volatility of 8.36%, which is the highest volatility on Benzinga's select list, meaning that the streaming giant's market capitalization of around $24.5 billion may be affected before and after the earnings report. Netflix has a global streaming platform with over 300 million subscribers. The market is concerned about changes in the number of users and revenue trends reflected in performance guidelines. The stock received a 'buy' rating, but its price was far below analysts' 180-day average expectations; in October of this year, BMO Capital (BMO.US) and Wedbush lowered their expectations, while Rosenblatt maintained a 'neutral' rating. The stock is down 22.5% since 2026, and the stock price is 15.1% below the 200-day moving average. Currently, the stock price is around $124.86, which is roughly 52% below its 44week high.

Taken together, market fluctuations this Tuesday's earnings season will show significant industry differentiation characteristics. According to data compiled by Woofun AI, from RTX's $141 billion to Netflix's $24.5 billion, the market capitalization of the giants has huge potential to fluctuate, reflecting a sharp game of investors' expectations about the fundamentals of different industries.

Although most individual stocks received a 'buy' rating, the stock price was generally lower than analysts' long-term expectations, indicating cautious market sentiment. As more financial data is released, this high volatility may continue to spread to the entire technology and industry sector. Investors need to pay close attention to deviations between performance guidelines and actual data to deal with potential market risks. This is another time since the previous quarter that the market is facing a large-scale valuation revaluation driven by financial reports.