Stock Movers

Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- Apple (AAPL) posted decelerating sales growth in its September quarter, with China revenue missing estimates, in the first earnings report since John Ternus took over as chief executive officer.Revenue rose 12% to $114.5 billion during its fiscal fourth quarter, which ended Sept. 26, the company said in a statement Monday. Analysts had estimated $113.5 billion on average, according to data compiled by Bloomberg. Apple itself had projected revenue growth of 9% to 11%. The growth marks a slowdown from a 16% increase in the June quarter. The company didn’t update its standard iPhone in September, breaking with tradition, and supply shortages have made it difficult to deliver enough inventory. Apple is also contending with a deceleration in its services business and playing catch-up in artificial intelligence. Apple shares fell 1% in late trading after the report was released. They had climbed 24% this year through the close.

- Palantir Technologies (TK) gave a forecast for full-year revenue that beat Wall Street’s expectations, buoyed by surging demand for the company’s data analytics tools. The software developer raised its annual revenue forecast to $8.53 billion, compared with the average analyst estimate of $8.2 billion. Palantir reported revenue of $2.31 billion in the third quarter, with US commercial revenue surpassing government revenue for the first time.

- On Semiconductor (ON) reported quarterly earnings of 90 cents per share, beating the analyst estimate of 88 cents. The company announced it has entered into an agreement to acquire Ferric, Inc. for $600 million in cash, plus up to $175 million in contingent consideration. On Semiconductor stock was down 4.62% to $66.87 in Monday’s extended trading after the company posted its third-quarter fiscal 2026 results.
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On this episode of Stock Movers:

_ Marvell Technology (MRVL) agreed to buy Lumentum Holdings at an enterprise value of $115 billion in an all-stock transaction. The merger is expected to be completed in the first half of 2028 and will give Marvell shareholders 67% of the combined business. The deal sparked concerns from investors, who sent shares of both companies sliding, due to the risks of embarking on a massive AI deal at a time when the market is jittery about the industry.

- Marriott International (MAR) reported third-quarter earnings that beat expectations, as bookings surged across the company’s US hotels. The company recorded adjusted earnings per share of $3.02, according to a statement Monday. That was higher than the average analyst estimate of $2.85 in data compiled by Bloomberg.

- Rivian Automotive (RIVN) stock is climbing on Monday after UBS upgraded the stock from Neutral to Buy, following a strong third-quarter operating performance. The upgrade comes after Rivian posted third-quarter revenue of $2.155 billion, which represents a 38% increase year over year and topped the Street consensus estimate.
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On this episode of Stock Movers:
- Estee Lauder (EL) shares are mixed. Estee Lauder Cos. reported better-than-expected earnings and raised its outlook, a sign the beauty conglomerate’s turnaround effort is winning over consumers. The company said organic sales will likely grow by 4% to 5.5% in the fiscal year, and demand for fragrances led the growth, helped by the more affordable line Kilian Paris’ Cocktails Collection.
- Oracle (ORCL) shares are down. Oracle Corp. is raising $20 billion in debt and equity to finance its artificial intelligence infrastructure spending. The company is selling $10 billion of US dollar investment-grade bonds and a similar amount in common stock to help fund day-to-day operations.
- Marvell Technology (MRVL) shares drop. The company has reached a deal to buy Lumentum Holdings Inc. at an enterprise value of $115 billion. The all-stock transaction will give Marvell shareholders 67% of the combined company and is expected to close in the first half of 2028. Lumentum makes lasers and other optical technology for moving enormous amounts of data at high speeds, which underpins the AI boom.
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On this episode of Stock Movers:
- Lumentum (LITE) shares drop. Marvell Technology Inc. has reached a deal to buy Lumentum Holdings Inc. at an enterprise value of $115 billion. The all-stock transaction will give Marvell shareholders 67% of the combined company and is expected to close in the first half of 2028. Lumentum makes lasers and other optical technology for moving enormous amounts of data at high speeds, which underpins the AI boom.
- Oracle (ORCL) shares are down. Oracle Corp. is raising $20 billion in debt and equity to finance its artificial intelligence infrastructure spending. The company is selling $10 billion of US dollar investment-grade bonds and a similar amount in common stock to help fund day-to-day operations.
- Estee Lauder (EL) shares are mixed. Estee Lauder Cos. reported better-than-expected earnings and raised its outlook, a sign the beauty conglomerate’s turnaround effort is winning over consumers. The company said organic sales will likely grow by 4% to 5.5% in the fiscal year, and demand for fragrances led the growth, helped by the more affordable line Kilian Paris’ Cocktails Collection.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- EchoStar (ECHO) is gaining on news Elon Musk's SpaceX is looking to start a wireless service with Echostar.
- Lumentum (LITE) is moving on news Marvell Technology has reached a deal to buy Lumentum at an enterprise value of $115 billion. Lumentum makes lasers and other optical technology for moving enormous amounts of data at high speeds, which underpins the AI boom.
- Apple (AAPL) shares are moving ahead of its earnings report today. Apple shares have climbed 25% from a low in late June, adding roughly $1 trillion in market value, as the company’s steady revenue growth and rising free cash flow have offered a haven for investors.
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