SpaceX (SPCX.US) Financial Report Triggers Options Market Surge, Market Cap Volatility May Exceed $100 Billion

According to Woofun AI, a major earnings-driven volatility is expected in the US stock market this Tuesday, with the options market already pricing in high expectations for market swings. Industry giants ranging from aerospace to streaming entertainment—including SpaceX (SPCX.US), Netflix (NFLX.US), and others—will report their Q3 2026 results. Benzinga Pro’s watchlist reveals that while SpaceX (SPCX.US) is in the spotlight, the stocks with the highest potential price movement appear at the end of the list. As the earnings countdown continues, market volatility is accelerating rapidly from relatively stable levels to new highs.

RTX Corp. (RTX.US) will be the first to announce its Q3 2026 earnings before the market opens. Wall Street analysts expect earnings per share (EPS) of $1.78 and revenue of $24.08 billion, both higher than last year’s $1.70 and $22.48 billion, respectively. The options market expects the stock to see a 5.42% move. With RTX’s market cap at $259 billion, this implies a potential $14.1 billion shift in market value around the earnings report. As a major aerospace and defense manufacturer, RTX’s business spans both commercial aerospace supply and defense projects, and investors closely watch the balance between aviation demand and defense budget allocations.

According to Benzinga Pro, the stock currently carries a 'Buy' consensus rating but is still trading below analysts’ 180-day average price target. In October this year, RBC Capital (RY.US), Bernstein, and TD Cowen (TD.US) all revised their expected price targets downward. Since 2026, the stock is up 3.6%, but after the 50-day moving average crossed above the 200-day in July, shares remain 1.4% below the 200-day average. The current share price is approximately $226.88, roughly 15% below its 52-week high.

GE Aerospace (GE.US) will also release its Q3 2026 earnings before the market opens. The market expects EPS of $2.00 and revenue of $12.84 billion, compared to $1.66 and $12.18 billion a year ago. Options markets anticipate stock volatility of 5.50%. With GE’s market value at $328 billion, about $18.1 billion could swing on the earnings news. GE Aerospace is responsible for the design, manufacture, and maintenance of commercial aircraft turbine engines and provides services through the CFM partnership with Safran. Delivery outcomes, maintenance rates, and service composition are key share price drivers. The stock carries a 'Buy' rating but trades well below the 180-day analyst average; in September, Wells Fargo (WFC.US) and Jefferies (JEF.US) lowered their price targets. Year-to-date in 2026, the shares are down 2.2% and remain 2.4% below the 200-day moving average. The stock is trading around $388.84, about 19% below its 52-week high.

3M Company (MMM.US) will also report its Q3 2026 earnings before the opening bell. Analysts anticipate EPS of $2.39 and revenue of $6.61 billion, compared to $2.19 and $6.3 billion a year earlier. The options market expects a 5.55% move. With 3M's market cap at $85.2 billion, this equates to about $4.73 billion in potential value fluctuations. 3M’s products span from industrial materials to safety equipment, and quarterly results depend on end-market demand. Benzinga Pro indicates a 'Hold' rating, with current share prices below analysts’ 180-day target average. In October, JPMorgan (JPM.US) revised down its target, while Bernstein upgraded the rating to 'Market Perform' and lifted its target in September. Since 2026, the stock is up 1.8%, and after the 50-day moving average rose above the 200-day in July, shares now stand 2.7% above the 200-day moving average.

Halliburton Company (HAL.US) releases its Q3 2026 results before the market opens. Analysts expect EPS of $0.58 and revenue of $5.57 billion, roughly flat compared to $0.58 and $5.6 billion the previous year. Options markets see implied volatility at 5.58%. For this $28 billion oilfield services leader, that implies a possible $1.56 billion market value swing. Halliburton dominates North America’s oilfield services sector, especially in hydraulic fracturing and completions, and investors scrutinize its service breadth and pricing power. The stock is rated 'Buy' but remains well below analysts’ 180-day average; in September, UBS (UBS.US) reiterated a 'Neutral' rating and raised its price target. The stock is up 13.2% in 2026, but since its 50-day average fell below the 200-day in August, shares remain 6.0% below the 200-day average. The stock is currently around $43.59, about 23% below its 52-week high.

General Motors Company (GM.US) will report Q3 2026 earnings before the market opens. Market expectations are for EPS of $3.63 and revenue of $48.7 billion, both up from $2.80 and $48.59 billion last year. Options imply a 5.85% share price move. With GM’s market cap at $76.5 billion, this means about $4.48 billion could be at stake around earnings. GM’s operations span GM North America, GM International, and GM Financial, and results depend heavily on segment profitability and regional demand. Benzinga Pro notes a 'Buy' rating, but shares remain well below the 180-day analyst average target. In October, JPMorgan (JPM.US) and UBS (UBS.US) lowered their price targets, while RBC Capital (RY.US) raised theirs. Year to date in 2026, the stock is up 3.7%, and after the 50-day moving average crossed above the 200-day in July, the stock currently trades 4.9% above the 200-day moving average.

Space Exploration Technologies Corp. (SPCX.US) will announce its Q3 2026 earnings after the market closes. Wall Street projects EPS of $0.14 and revenue of $12.71 billion. Options markets see implied share price volatility at 6.61%. With SpaceX (SPCX.US) valued at $1.93 trillion, the earnings report could impact about $12.8 billion in market capitalization. SpaceX designs, manufactures, and operates reusable rockets, launching orbital payloads for government and commercial clients. Investors will focus on rocket launch frequency and the status of related contracts. The stock is rated 'Buy,' though still trading well below analysts’ 180-day average target. In October, Evercore ISI Group (EVR.US) raised its target while Barclays (BCS.US) gave an 'Overweight' rating and started coverage.

Intuitive Surgical Inc. (ISRG.US) will post its Q3 2026 results after the market closes. Analysts expect EPS of $2.64 and revenue of $2.91 billion, compared to $2.40 and $2.5 billion last year. Options markets anticipate implied share price volatility of 8.09%. With a market cap of $154 billion, up to $12.4 billion could be at risk around the report. Intuitive Surgical sells minimally invasive robotic surgery systems and generates ongoing revenue from its instruments and accessories; procedure volume and system placements are key share price drivers.

The stock carries a 'Buy' rating but is trading below analysts’ 180-day price target. In October, BTIG cut its target while Barclays (BCS.US) initiated coverage and rated it 'Overweight.' The shares are down 24.1% year-to-date, and remain 2.5% below the 200-day moving average. The current price is around $603.88, about 29% below its 52-week high. United Airlines Holdings, Inc. (UAL.US) is also slated to report Q3 2026 results after the market close.

The market expects EPS of $2.59 and revenue of $17.89 billion, against $2.78 and $15.22 billion a year ago. Options markets imply a volatility of 8.14%. With a market cap of $31.5 billion, potential value affected is about $2.57 billion. United Airlines is a major US player, with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, Newark, and Washington D.C. Investors are tracking demand trends as well as pressures on unit revenue and costs.

The stock is rated 'Buy' but trades well below the 180-day analyst average. In October, UBS (UBS.US), Susquehanna, and Wells Fargo (WFC.US) all cut estimates. In 2026, the share price is down 15.0%, and after the 50-day moving average moved above the 200-day in June, shares remain 10.6% below the 200-day moving average. Current trading price is about $138.77, roughly 30% below the 52-week high.

Netflix (NFLX.US) is set to report Q3 2026 earnings after the market closes. Expectations are for EPS of $0.82 and revenue of $12.88 billion, both above last year’s $0.59 and $11.51 billion. The options market sees implied volatility at 8.36%—the highest on Benzinga's focus list—indicating up to $24.5 billion in market value could be affected around the report. Netflix runs a global streaming platform with over 300 million subscribers, and the market's focus is on user growth and how forward guidance reflects revenue momentum. The stock is rated 'Buy,' but trades far below the analyst 180-day average target; in October, BMO Capital (BMO.US) and Wedbush both revised down their forecasts, while Rosenblatt maintained a 'Neutral' rating. Year-to-date in 2026, the stock is down 22.5% and lies 15.1% below the 200-day moving average, with a price around $124.86—about 44% below its 52-week high.

Overall, Tuesday’s earnings season volatility will feature notable industry separation. Woofun AI data show wild swings in market value potential—from RTX’s $14.1 billion to Netflix’s $24.5 billion—reflecting intense investor debate across diverse industry fundamentals.

Although most stocks are rated 'Buy,' share prices remain below long-term analyst targets, reflecting cautious market sentiment. As more earnings data is released, elevated volatility could sweep technology and industrial sectors alike. Investors should closely monitor guidance and actual results to manage potential market risks. This marks the second consecutive quarter of major valuation resets driven by earnings reports.