Stocks to watch · picked from the news before the open
Stocks That Could Go Up on Friday, October 23, 2026
Crown Castle, MaxLinear, RingCentral and 4 more stocks with news that could lift them today
Published 9:20 AM ET · measured from the 9:30 AM open · Results final · Stable Income Strategy
Which stocks went up on October 23, 2026?
Crown Castle leads today's list after a Bloomberg report that SpaceX is in talks for at least 80,000 cell sites, lifting the tower owner about 7% in early trading. MaxLinear and RingCentral follow on quarterly beats with raised outlooks. The backdrop is soft: S&P 500 futures are down 0.2% to 0.4% after Thursday's chip sell-off.
4 of 7 picks rose at least to their target from the 9:30 AM open; the best, RingCentral (RNG), gained as much as 7.87% (high at 9:32 AM ET). The S&P 500 ETF rose as much as 0.47% over the same time.
- Stocks picked from the news
- 7
- Reached their target
- 4 of 7
- Best rise to the high: RNG
- +7.87%
- S&P 500 ETF over the same time (to its high)
- +0.47%
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The list at a glance
Final results (after the close).
| # | Stock | Catalyst | Target | To the high | To the close | Result |
|---|---|---|---|---|---|---|
| 1 | CCI Crown Castle | Contract | +1.5%56% confidence | +0.47%at 9:30 AM | −5.55% | Missed |
| 2 | MXL MaxLinear | Earnings | +2.5%52% confidence | +3.09%at 9:30 AM | −1.12% | Reached |
| 3 | RNG RingCentral | Earnings | +2%52% confidence | +7.87%at 9:32 AM | −8.34% | Reached |
| 4 | SPCX SpaceX | Upgrade | +2.5%52% confidence | +1.23%at 10:39 AM | −0.30% | Missed |
| 5 | AMT American Tower | Contract | +1%52% confidence | +0.89%at 9:30 AM | −5.85% | Missed |
| 6 | SLB SLB | Earnings | +1.5%50% confidence | +6.99%at 12:44 PM | +6.20% | Reached |
| 7 | WDC Western Digital | Guidance | +2%48% confidence | +4.21%at 10:43 AM | −0.70% | Reached |
Target: the expected rise from the open to the day’s high; confidence: the chance we gave it of getting there. “To the high” and “to the close” are counted from the 9:30 AM opening price.
02
Why each stock could go up
S&P 500 futures were down 0.2% to 0.4% and Dow futures about 0.6% early, after Thursday's chip sell-off cut the Nasdaq Composite 2.6% and the S&P 500 1.2%, with Brent crude above $114 on U.S.-Iran tensions. A soft open favors stocks with their own news over AI and chip names; flash PMIs at 9:45 AM and final Michigan sentiment at 10:00 AM ET can shift the tone.
- 1
Crown Castle (CCI)
Real estate · +7% to +7.6% in early pre-market trading
+1.5% target
56% confidence
ContractSpaceX in talks for at least 80,000 U.S. cell sites, with Crown Castle named, Bloomberg reports — Investing.com
Bloomberg reports that SpaceX is in talks to secure at least 80,000 U.S. cell sites, about half of the 158,500 purpose-built towers, and names Crown Castle as a party. A new large tenant would add rent beyond AT&T, Verizon and T-Mobile, and the same SpaceX theme lifted the stock 13% earlier in October.
Risk: These are talks, not a signed lease, and a 7% gap can fade if no confirmation follows.
From $91.02 at 9:30 AM:high +0.47% at 9:30 AMclose −5.55%day +9.06% Missed +1.5% - 2
MaxLinear (MXL)
Semiconductors · about +10% pre-market
+2.5% target
52% confidence
EarningsMaxLinear Q3 revenue up 72% to $218.1 million; Q4 revenue guide $240-260 million — MaxLinear (SEC filing)
Third-quarter revenue of $218.1 million (up 72% year on year) beat the roughly $211.4 million expected, and non-GAAP EPS of $0.62 topped $0.55. The fourth-quarter revenue guide of $240-260 million sits well above the $220.7 million consensus, driven by optical AI data center products, where infrastructure revenue rose 210%.
Risk: Thursday's chip sell-off could weigh on any AI-linked name, and a 10% gap often gives some back.
From $64.18 at 9:30 AM:high +3.09% at 9:30 AMclose −1.12%day −2.79% Reached +2.5% - 3
RingCentral (RNG)
Technology · +15.4% pre-market
+2% target
52% confidence
EarningsRingCentral beats Q3 estimates and lifts full-year EPS outlook to $5.07-5.12 — Investrade
Third-quarter adjusted EPS of $1.33 beat the $1.28 estimate and revenue of $676.0 million topped $667 million. The full-year outlook of $5.07-5.12 adjusted EPS and $2.650-2.657 billion revenue is above consensus ($5.04 and $2.64 billion); a beat with raised guidance is the strongest same-day driver.
Risk: Up 15% before the open, it may give part of the gap back in the first hour.
From $90.98 at 9:30 AM:high +7.87% at 9:32 AMclose −8.34%day +5.00% Reached +2% - 4
SpaceX (SPCX)
Aerospace · +2.2% pre-market near $148 (8:33 AM)
+2.5% target
52% confidence
UpgradePhillipCapital double-upgrades SpaceX to Buy from Sell, target $250 from $75 — CNBC
PhillipCapital moved two notches to Buy and raised its target to $250 from $75, citing gains in the AI business, far above the roughly $148 pre-market price. SpaceX swung to a $4.40 billion third-quarter profit on $14.58 billion of revenue, and it and Tesla have each set up special committees to weigh a merger.
Risk: Free cash flow was about -$9.97 billion last quarter, and an 80,000-site ground network would add spending.
From $147.93 at 9:30 AM:high +1.23% at 10:39 AMclose −0.30%day +1.89% Missed +2.5% - 5
American Tower (AMT)
Real estate · +5.5% to +6% pre-market
+1% target
52% confidence
ContractSpaceX cell-site ambitions lift tower stocks and weigh on carriers — Investing.com
American Tower rose about 6% early on the same Bloomberg report that SpaceX wants at least 80,000 U.S. cell sites, about half of all purpose-built towers, likely more than one owner can supply. It is a lower-volatility REIT, so the target from the open is modest.
Risk: Crown Castle is the company named in the talks, so American Tower's gain rests on hopes of a wider deal.
From $200.72 at 9:30 AM:high +0.89% at 9:30 AMclose −5.85%day +4.08% Missed +1% - 6
SLB (SLB)
Energy · Reported before the open; pre-market move not confirmed
+1.5% target
50% confidence
EarningsSLB Q3 revenue $9.45 billion, EPS excluding charges $0.64, sees a very compelling 2027 — SLB (SEC filing)
Revenue of $9.45 billion rose 5% from the second quarter and EPS excluding charges of $0.64 was up 16% sequentially, slightly above the roughly $0.62 analysts expected. SLB bought back $656 million of stock, its CEO sees a very compelling 2027 outlook, and Brent crude above $114 supports oil-service names.
Risk: EPS was still down 7% from a year ago, and crude could swing on U.S.-Iran headlines.
From $49.96 at 9:30 AM:high +6.99% at 12:44 PMclose +6.20%day +7.08% Reached +1.5% - 7
Western Digital (WDC)
Technology · about -2% pre-market (6 AM)
+2% target
48% confidence
GuidanceWestern Digital beats fiscal Q1 estimates, guides Q2 EPS to $5.80 vs $4.84 expected — Investrade
Fiscal first-quarter adjusted EPS of $4.64 beat the $4.09 estimate on revenue of $4.381 billion versus $4.136 billion. The second-quarter guide of $5.80 EPS and $5.1 billion revenue is 20% and 12% above consensus, yet the stock slipped about 2% early with the chip sell-off, leaving room for buyers from the open.
Risk: The AI-hardware selling that cut the Nasdaq 2.6% on Thursday may continue despite the results.
From $346.10 at 9:30 AM:high +4.21% at 10:43 AMclose −0.70%day −2.97% Reached +2%
03
Questions
What stocks will go up today?
Our list for Friday, October 23, 2026 is led by Crown Castle (CCI), up about 7% early after a Bloomberg report that SpaceX is in talks for at least 80,000 U.S. cell sites, then MaxLinear (MXL) and RingCentral (RNG) on quarterly beats with raised outlooks. SpaceX, American Tower, SLB and Western Digital complete it. Each pick is a forecast of a rise from the 9:30 AM open, not a certainty.
Why is Crown Castle stock up today?
Crown Castle rose more than 7% in early pre-market trading on Friday, October 23, 2026, after Bloomberg reported that SpaceX is in talks to secure at least 80,000 U.S. cell sites, about half of all purpose-built towers, and named Crown Castle as a party to the talks. A large new tenant would add rent beyond AT&T, Verizon and T-Mobile. No lease has been signed.
Which stocks are moving on earnings today?
On October 23, 2026, RingCentral rose 15.4% pre-market after beating third-quarter estimates and raising its full-year outlook, and MaxLinear gained about 10% after a 72% revenue jump and a fourth-quarter guide of $240-260 million. SLB beat estimates before the open. Deckers fell about 6.7% after its quarterly sales and full-year sales outlook missed, and Western Digital slipped despite a strong guide.
What stocks got upgraded today?
The most notable call on October 23, 2026 is PhillipCapital's double upgrade of SpaceX (SPCX) to Buy from Sell, with the price target raised to $250 from $75, citing gains in its AI business. The stock was up about 2% pre-market near $148 at 8:33 AM ET. JPMorgan, by contrast, downgraded Norwegian Cruise Line to Underweight with an $11 target.
What are stock futures doing this morning?
U.S. stock futures were lower early on Friday, October 23, 2026: S&P 500 futures were down 0.2% to 0.4%, Dow futures about 0.6%, and Nasdaq-100 futures near flat after Thursday's 2.6% drop in the Nasdaq Composite. Brent crude was above $114 a barrel and the VIX near 20. Flash PMIs are due at 9:45 AM ET and final Michigan sentiment at 10:00 AM.
04
Sources
- SpaceX cell-site ambitions lift tower stocks and weigh on carriers — Investing.com
- Stocks making the biggest moves premarket: AT&T, SpaceX, Moderna, Deckers, Bloom Energy and more — CNBC
- Morning Preview: October 23, 2026 — Investrade
- Nasdaq, Dow, S&P 500 Futures Drop Premarket: NVDA, AMD, META, CRWV, MRNA, WDC, BE In Focus — Yahoo Finance
- RingCentral (RNG) Surges 15.4% Pre-Market Amid Strong Investor Interest — GuruFocus
- MaxLinear third quarter 2026 financial results (Exhibit 99.1) — MaxLinear (SEC filing)
- SLB third-quarter 2026 results (Exhibit 99) — SLB (SEC filing)
- SPCX Stock Jumps As Q3 Profit, Tesla Merger Talk Ignite AI Hype — StocksToTrade
05
How the stocks are picked and scored
- Every trading day at 9:00 AM ET, before the 9:30 AM open, we read last night’s and the morning’s company news — earnings and guidance, analyst upgrades, deals and contracts, product and regulatory news, index changes — and pick the 6–10 liquid US stocks most likely to rise that day.
- Each pick gets a target (the expected rise from the open to the day’s high) and a confidence (the chance of getting there), and we weigh the size of the surprise, the pre-market move and the market’s mood. Stocks under $5, thinly traded ones, and targets of cash takeovers are left out.
- Each list is measured from the moment it could be acted on: the 9:30 AM opening price, or the minute it went public if that was later. “To the high” is the rise from there to the session’s highest price; “to the close”, to the closing price. A pick reaches its target when its rise to the high is at least the target.
- The S&P 500 ETF (SPY) over the same minutes is shown as the bar to beat. Results are live while the market trades and final after the close; every past list stays online with its results.
Not investment advice
These are forecasts made from public news and prices, published for education and to keep an honest record of how such calls turn out. They are not recommendations to buy or sell anything, and a call that worked before can fail the next day. Decide with your own judgment, or with a licensed adviser.