NEE

Markets open higher ahead of major Mag 7 earnings reports. SpaceX posts impressive Q3 results with 161% revenue growth.

Early morning earnings from NextEra Energy, Abbott Labs, and CME Group show mixed results, with Abbott declining on nutrition spinoff concerns. Meta and Tesla earnings expected after close, with Meta facing -52.4% earnings decline despite strong revenue growth, while Tesla carries a Sell rating heading into its report.

Stock futures opened higher on October 21st, 2026, as bond yields and oil prices cooled from recent highs. SpaceX surged 8% after posting impressive Q3 earnings with 161% revenue growth. Mixed earnings from NEE, ABT, and CME set the stage for major Mag 7 earnings releases after the close, with Meta and Tesla expected to report results amid ongoing market scrutiny.

NextEra Energy (NEE) reported Q3 adjusted EPS of $1.24, beating consensus estimates by 3.3%, driven by strong performance from Florida Power & Light and NextEra Energy Resources. The company added 3.7 GW to its renewables backlog and maintained its 2026 EPS guidance of $3.92-$4.02.

However, total revenues missed expectations. NEE continues advancing its pending merger with Dominion Energy, expected to close in H2 2027.