Apart from large tech stocks, some companies reporting earnings on Tuesday saw gains of up to 11%
PR Newswire
1h ago
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According to Stock Preachers, on Tuesday, the US stock market showed a rapid shift in leading gains. Stocks of 3M, Equifax, Hasbro, and KeyCorp rose by 4.47% to 11.33% respectively after releasing their third-quarter earnings. The driving factors included upward guidance, data center partnerships, growth driven by a single card game, and record revenue.
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Miami, October 21, 2026 / PRNewswire / -- According to news reports on Stock Preachers, trading during Tuesday showed that the pace of change in market leaders could be very fast. The Dow Jones Industrial Average rose by 529.85 points, or 1.02%, to 52,495.88; the small-cap Russell 2000 Index increased by 1.65%; the Nasdaq Composite Index fell by 0.02% to 26,424.82; and the S&P 500 Index rose by 0.28% to 7,712.57. Some of the most significant individual stock movements on the day came from the third-quarter earnings reports of several companies that are not among the largest tech stocks, including a credit data company, a toy and game manufacturer, an industrial manufacturer, and a bank headquartered in Cleveland. Companies with recent market developments this week include: 3M Company ( NYSE : MMM ), Equifax Inc ( NYSE : EFX ), Hasbro, Inc ( NASDAQ : HAS ), and KeyCorp ( NYSE : KEY ).

According to the data from Stock Analysis, these four stocks saw increases ranging from 4.47% to 11.33% on Tuesday, and each of their gains was due to different reasons. One company announced a new data center partnership while presenting solid quarterly results; another company's stock price soared even though it lowered its annual revenue forecast; a third company raised its outlook due to the strong performance of a collectible card game; and the fourth company reported record quarterly revenue.

The media noted that this differentiation serves as a reminder that the financial reporting season operates in this manner. Index points tell investors where the market has closed, but it is the reaction of individual stocks after each set of financial reports that reveals which factors investors are truly willing to pay for. As more companies will announce their results in the remaining time of this week, these reactions are worth observing on a stock-by-stock basis.

According to Stock Preachers, when a stock opens higher with a gap after its financial report, traders will use charts to determine whether this trend can continue. The free guide " Knowledge is Power " provided by Stock Preachers shows how to interpret market movements by combining news and charts, and it is accompanied by the " The Roadmap " market report published by stockpreachers.com.

Other industry developments and updates in the market this week include:

3M Company ( NYSE : MMM )

3M announced third-quarter GAAP sales of $6.6 billion, a year-over-year increase of 1.0%; organic growth based on adjusted sales was 3.3%, with adjusted sales also amounting to $6.6 billion; adjusted earnings per share calculated using the new metric were $2.50, a year-over-year increase of 12%. The company raised its guidance for adjusted earnings per share in 2026 to $9.10 to $9.15 and included this new metric in its forecast. Additionally, the company has entered into an expanded strategic business partnership with a major cloud computing and e-commerce company to deploy and expand 3M's optical connections and other data center-related products, and granted the company warrants: if the cumulative sales of these products reach $6 billion over the next seven years and other event-based milestones are met, the company may purchase up to 3.2 million shares of 3M common stock. 3M's stock price rose by 5.78% to $171.37.

3M Chairman and CEO William Brown stated: "We have once again delivered a strong quarter's performance, including solid sales growth, continued expansion of profit margins, double-digit earnings per share growth, and strong free cash flow."

Equifax Inc. ( NYSE : EFX )

Equifax announced third-quarter revenue of $1.693 billion, a year-on-year increase of 10%, and revenue growth of 9% when calculated in local currency; adjusted earnings per share were $2.26, a year-on-year increase of 11%. Revenue from the U.S. mortgage business grew by 15%, however, the company stated that due to a significant rise in mortgage rates, the mortgage market weakened in the second half of this quarter. The company lowered its revenue guidance for 2026 to $6.661 billion. The company said that its adjusted earnings per share guidance is $8.50, with a decrease of only $0.04, and it is still within the previous guidance range. The stock rose by 11.33% to $176.54.

Equifax CEO Mark W. Begor stated: " Equifax had a strong performance in the third quarter, continuing to advance our EFX2028 strategic priorities. The reported revenue was 1.693 billion US dollars, representing a 10% increase according to the reporting criteria, and a 9% increase when calculated in local currency."

Hasbro, Inc. (NASDAQ : HAS)

Hasbro announced a 15% increase in revenue for the third quarter, mainly driven by a 31% growth in the Wizards and Digital Gaming business, a 4% growth in the Consumer Products business, and a 9% growth in the Entertainment business. "Magic: The Gathering" revenue increased by 34%, exceeding $600 million for the first time in a single quarter. Adjusted operating profit was $541 million, a year-on-year increase of 52%; adjusted net profit was $2.90 per diluted share. Hasbro has raised its total revenue growth forecast for 2026 from 5% to 7% based on fixed exchange rates to 7% to 9%; it has also raised its adjusted EBITDA guidance from $1.45 billion to $1.50 billion to $1.575 billion to $1.625 billion. The stock price rose by 11.20% to $109.52.

Bob Iger, CEO of Hasbro, stated: "Inspiring lifelong fun is our superpower, and this quarter we demonstrated what that power can achieve. We achieved double-digit revenue growth for the fourth consecutive quarter, and 'Magic: The Gathering' quarterly revenue also surpassed $600 million for the first time."

KeyCorp ( NYSE : KEY )

KeyCorp announced a third-quarter net profit of $537 million, equivalent to $0.51 per diluted share of common stock; diluted earnings per share increased by 24% year-over-year. Revenue reached a record $2.04 billion, up 8% from the previous quarter and 4% higher than before. The net interest margin expanded to 2.95%, an increase of 20 basis points year-over-year. The bank repurchased $320 million in common stock during this quarter. The stock price rose by 4.47% to $20.81.

KeyCorp Chairman and CEO Chris Gorman stated: "Our third-quarter performance reflects the strength of Key's relationship-driven franchise model, our discipline in executing strategies, and the momentum we have continuously built across our entire business."

According to Stock Preachers, financial reports can cause a stock to rise or fall by 10% or more within a single trading day. Investors can learn how to identify trading patterns before and after such financial report releases through Stock Preachers's free guide as well as its The Roadmap market report, which is available at stockpreachers.com.

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Media contact email: [ email protected ]

This article is an independent news commentary. Stock Preachers is wholly owned and operated by Market Equities Limited (“MEL”). MEL is a company registered under Irish law. MEL has not received any remuneration from any of the companies mentioned in this article. MEL and its owners, operators, directors, and related parties currently do not hold any shares in the companies mentioned in this article, but retain the right to buy and sell these shares at any time without prior notice, and will do so if appropriate. The daily price changes mentioned in the article are based on Stock Analysis data, comparing the closing prices on October 19, 2026, with those on October 20, 2026. The company's performance guidelines are quoted from the companies' statements and may change in the future. Information sources include company press releases and filings, government and industry data, public reports, and third-party data considered reliable, but their accuracy is not guaranteed. Investing in securities carries risks, including the possibility of losing part or all of the investment principal. This document is governed by Irish law.

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