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TLK plunges 13% on downgrade, Meta's AI spend in focus

2026-10-19 · 2 min read

S&P 500 futures are flat after Friday's -1.11% slide. PT Telekomunikasi Indonesia (TLK) leads pre-market losers at -13.69% on a Wall Street Zen downgrade.

Top News

TLK  Telkom Indonesia
PT Telekomunikasi Indonesia (TLK) was downgraded by Wall Street Zen from a 'buy' to a 'hold' rating, contributing to its 13.69% decline.
OVV  Ovintiv
Ovintiv Inc. (OVV) surged 4.84% after Wells Fargo & Company raised its price target to $82.00 and Morgan Stanley increased its target to $71.00, both with positive ratings.
IBM  IBM
Bank of America expects International Business Machines Corp (IBM) to deliver a modest third-quarter earnings beat on October 21, reiterating a 'buy' rating and $280 price target (per Bank of America).

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Trending on X

IREN  IREN Ltd
IREN Ltd. (IREN) fell 11.19% on Friday.
BE  Bloom Energy Corp
Bloom Energy Corp (BE) declined 6.34% on Friday.
CRDO  Credo Technology Group Holding Ltd
Credo Technology Group Holding Ltd (CRDO) dropped 4.93% on Friday.
LRCX  Lam Research Corp
Lam Research Corp (LRCX) was down 4.87% on Friday.
IBM  International Business Machines
International Business Machines (IBM) saw a modest 0.85% decline on Friday.

AI Economy

META  Meta Platforms
Meta Platforms Inc. (META) earnings on Wednesday will focus on its massive investments in data centers and AI infrastructure, with investors seeking signs of stronger growth and returns (per Stocktwits News Desk).
TSLA  Tesla and SpaceX
Tesla and SpaceX earnings this week will provide insights into Elon Musk's broader AI ambitions, with SpaceX's Starlink and emerging AI operations in focus (per Stocktwits News Desk).

Smart Money

NBIS  Nebius Group N.V.
Nebius Group N.V. (NBIS) is a top buy among analysts, though no specific catalyst was found in recent research.

See all of today's top buys at fintwit.ai

AI Pick

No items today.

On Deck

FITB  Fifth Third Bancorp earnings
BMO, $0.83 EPS est.
STLD  Steel Dynamics Inc earnings
AMC, $5.47 EPS est.
WRB  W. R. Berkley Corp earnings
AMC, $1.15 EPS est.
PAC  Grupo Aeroportuario del Pacifico earnings
BMO, $2.72 EPS est.