By Joe Woelfel

Stock futures traded mostly to the upside Tuesday.

These stocks were poised to move Tuesday:

Amazon.com rose 0.6% after announcing it intends to cut 14,000 corporate jobs. "We expect to continue hiring in key strategic areas while also finding additional places we can remove layers, increase ownership, and realize efficiency gains," said Beth Galetti, senior vice president of People Experience and Technology at Amazon, in an internal memo announcing the job cuts.

United Parcel Service jumped 16% after the shipping and logistics company reported better-than-expected earnings. UPS announced third-quarter earnings of $1.74 a share on sales of $21.4 billion. Wall Street was expecting earnings of $1.32 on ales of $20.9 billion.

UnitedHealth, the healthcare giant, posted better-than-expected third-quarter earnings and hiked its full-year guidance. UnitedHealth's medical-loss ratio, or the share of premium revenue spent on medical claims and quality improvement, came in at 89.9%, below analysts' calls for 90.7%. The stock gained 4.1%.

Newmont stock dropped 4%. The gold miner has closed lower for two straight sessions due to a sharp decline in the price of gold, putting an end to the fantastic run the precious metal has had in 2025.

Qorvo shares jumped 9.9% after the Information reported that Apple supplier Skyworks Solutions had held talks to buy the rival smartphone chip maker. Skyworks stock was 2.3% lower ahead of the U.S. open.

Qualcomm slips 0.2% in premarket trading after shares of the chip maker finished the previous session up 11% at $187.68, the stock's highest close since late July 2024, according to Dow Jones Market Data. Shares were lifted by Qualcomm's announcement that it would be supplying its new artificial-intelligence accelerator chips to Saudi Arabia's Humain venture, which is building a large AI network. Qualcomm plans to deploy 200 megawatts worth of Qualcomm AI AI200 and AI250 rack solutions in Saudi Arabia and around the world beginning next year.

Qualcomm's new AI accelerators compete with systems from Nvidia and Advanced Micro Devices. Both stocks were unmoved by Qualcomm's announcement, with each closing up nearly 3% on the day.

U.S.-listed shares of Novartis declined 2.8% after third-quarter earnings from the Swiss drugmaker disappointed.

Cadence Design Systems reported third-quarter adjusted earnings that beat analysts' estimates as revenue rose 10% from a year earlier to $1.34 billion and topped forecasts of $1.32 billion. The company's adjusted operating margin was 47.6% for the third quarter, better than estimates and up 44.8% from a year earlier. Cadence Design also raised fiscal-year guidance, but the stock fell 1.7% in the premarket session.

NXP Semiconductors climbed 1.4%. The company's third-quarter earnings missed Wall Street forecasts but revenue of $3.17 billion beat estimates of $3.16 billion. NXP said it expects fourth-quarter earnings of $3.07 to $3.49 a share versus consensus of $3.28.

NextEra Energy stock climbed 2.5% after Alphabet's Google agreed to buy power from a shuttered nuclear reactor that is majority-owned by the company.

In addition to UnitedHealth, earnings reports are also expected Tuesday from Visa, PayPal, NextEra Energy, Booking Holdings, Royal Caribbean, Sherwin-Williams, Regeneron Pharmaceuticals, Corning, D.R. Horton, Electronic Arts, Carrier Global, Seagate Technology, and SoFi Technologies.

Write to Joe Woelfel at joseph.woelfel@barrons.com

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October 28, 2025 06:29 ET (10:29 GMT)

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