UBS Adjusts América Móvil Price Target to $31

SpaceX, GE Aerospace On Deck Tuesday As Growth, Aerospace Demand Face Test

Space Exploration Technologies headlines Tuesday’s reports, with investors focused on whether Starlink growth and launch activity can justify the company’s scale. GE Aerospace, RTX, 3M, General Motors and Northrop

Shares of mobile and broadband communications companies are trading lower after SpaceX announced that it would purchase Grain Management's 800 MHz spectrum, which will put the satellite communications developer in competition with legacy terrestrial carriers, leading to lower sales and margins.

Shares of U.S.-traded companies with Brazil exposure are trading higher after the first round of Presidential election balloting showed right-wing candidate Flavio Bolsonaro with a lead over Lula, the current left-wing President. The results may indicate a possible pro-business final election outcome ahead of the October 25 run-off vote, wherein the winning candidate must achieve a majority above 50%.