Stock Movers

Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:

- Alphabet (GOOGL)’s shares fell more than 13%, erasing more than $500 billion in its biggest-ever market plunge, after the company reported disappointing search and advertising sales that reinforced investor concerns about AI’s threat to its core business. The results and share reaction “show us the margin for error when a hyperscaler spending hundreds of billions on the AI infrastructure buildout” posts disappointing results in its core business, JPMorgan analysts including Doug Anmuth said in a note.

- Microsoft (MSFT) drew demand for its $25 billion bond offering, with $115 billion of orders at its peak, or 4.6 times the offering’s size. The transaction is one of the most sought-after US corporate bond sales on record, with the debt launched in as many as 10 tranches, with maturities ranging from two to 40 years. The sale is a test of appetite for financing AI investments, with Microsoft standing out among its Big Tech peers in having not tapped the market in years and having top-tier AAA ratings from Moody’s Ratings and S&P Global Ratings. Microsoft shares fell amid a broader tech selloff.

- Share of Chipotle Mexican Grill (CMG) are gaining as trader react to sales rising faster than expected in the third quarter due to more frequent menu launches and revamped loyalty offers. Same-store sales climbed 2.1% in the period, and the company's third-quarter revenue rose nearly 10% to $3.3 billion. Chipotle expects to close out the year with 2% higher prices and anticipates inflation of around 3% in the current quarter and elevated levels next year.
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On this episode of Stock Movers:

- Alphabet (GOOGL) shares sink. The Google parent reported sales of $111.2 billion for the third quarter, falling short of analysts' projections, with ad sales from search and other channels growing at the slowest pace in five quarters. The company's future commitments to buy resources such as computing power and energy totaled $924 billion, with upcoming obligations bringing the company's total future obligations to well over $1 trillion.

- DoorDash Inc. agreed to buy rival Instacart in a deal that values the company at about $17 billion. DoorDash will pay $65 a share in cash and stock, and plans to use cash on hand and debt from JPMorgan Chase & Co. to finance the purchase. The deal is expected to close toward the end of 2027 or in the first half of 2028, at which point DoorDash plans to keep Instacart’s brand, enterprise technology products and app.

- Caterpillar (CAT) shares slump. The company posted earnings that only modestly beat expectations, adding to investor jitters about mounting challenges to the AI infrastructure boom. The company reported adjusted earnings of $7.20 a share in the third quarter, and overall revenue was $20.68 billion, just above the $20.65 billion consensus.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Alphabet (GOOGL) shares fell more than 13% after the company reported disappointing search and advertising sales. The Google parent reported sales of $111.2 billion for the third quarter, falling short of analysts' projections, with ad sales from search and other channels growing at the slowest pace in five quarters. The company's future commitments to buy resources such as computing power and energy totaled $924 billion, with upcoming obligations bringing the company's total future obligations to well over $1 trillion.

- Caterpillar (CAT) shares plunged after the company posted earnings that only modestly beat expectations, adding to investor jitters about mounting challenges to the AI infrastructure boom. The company reported adjusted earnings of $7.20 a share in the third quarter, and overall revenue was $20.68 billion, just above the $20.65 billion consensus.

- Eli Lilly (LLY) shares rise. Eli Lilly & Co. raised its full-year sales forecast to $91 billion to $92 billion as demand for its obesity and diabetes drugs continues to surge. The company's shares jumped 8.6% when markets opened in New York on Thursday, with its booming obesity business transforming it into the world's most valuable drug company. Lilly is counting on broader insurance coverage to bring its obesity drugs to more patients, with about 500,000 Medicare patients accessing its obesity medicines through the Bridge program.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Eli Lilly (LLY) is climbing in early trading after the drugmaker boosted its revenue guidance for the full year, following better-than-expected sales in the third quarter.
- EBay (EBAY) shares jumped after the online auction company’s results and forecast were seen as underlining its strong execution and growth prospects. Wells Fargo upgraded the stock.
- Caterpillar (CAT) shares are moving after it posted quarterly earnings that beat Wall Street expectations as demand for the company's power-generation equipment continued to drive sales. The company's power and energy segment has grown into its largest business by sales, driven by technology companies' need for infrastructure to meet AI's enormous electricity demand.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Merck (MRK) shares are moving after it raised its full-year profit forecast after third-quarter results topped Wall Street’s expectations, fueled by stronger-than-anticipated sales of cancer blockbuster Keytruda and other newer medicines. The company boosted the lower end of its full-year sales forecast by $500 million and now expects adjusted earnings for the year of $2.77 to $2.82 a share. Sales of Keytruda in both its formulations combined were $8.6 billion, and the company is also developing a growing pipeline of experimental drugs, including a personalized skin cancer vaccine and sacituzumab tirumotecan.
- Caterpillar (CAT) shares are moving after it posted quarterly earnings that beat Wall Street expectations as demand for the company's power-generation equipment continued to drive sales. The company's power and energy segment has grown into its largest business by sales, driven by technology companies' need for infrastructure to meet AI's enormous electricity demand.
- Microsoft (MSFT) is higher this morning while Google-parent Alphabet (GOOG) is lower after reporting earnings yesterday. Microsoft gained after the software company’s first-quarter results beat expectations on key metrics, including growth in its Azure cloud-computing business. Alphabet, meanwhile, dropped after the Google parent’s third-quarter results featured weaker-than-expected revenue for both Google advertising and search, which offset strong growth in its cloud business. Analysts said the report adds to concerns about AI disrupting search and related businesses.
- Marvell Technology (MRVL) shares are moving on news the company is in advanced talks to buy Lumentum, a data center optics maker, according to people familiar with the matter. A transaction may be announced as soon as next week, with Lumentum having a market value of about $83 billion and Marvell worth around $221 billion.
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