Premarket movers:
Nvidia and Alphabet lead gains among the Mag 7 as tech stocks are set to rebound: Nvidia (NVDA) +1.0% | Hanami
Premarket movers:
Nvidia and Alphabet lead gains among the Mag 7 as tech stocks are set to rebound: Nvidia (NVDA) +1.0%, Alphabet (GOOGL) +0.7%, after opening the books on a seven-part offering spanning maturities from two to 19 years (Amazon +0.3%, Tesla +0.7%, Microsoft +0.4%, Meta Platforms (META) -0.6%, Apple (AAPL) -0.1%).
Check Point Software (CHKP) drops 6% after the company reported revenue for the third quarter that missed the average analyst estimate.
Crowdstrike (CRWD) rises 3% after Deutsche Bank upgraded the security software company to buy, seeing tailwinds related to AI.
Estee Lauder (EL) gains 3% after reporting better—than-expected earnings and raising its outlook, the latest sign the beauty conglomerate’s turnaround effort is winning over consumers.
Floor & Decor (FND) slips 1.6% after Goldman Sachs cut the recommendation to sell. The downgrade came after the flooring products supplier said comparable sales are down to start the fourth quarter.
Geo Group (GEO) gains 3% after securing a contract from US Immigration and Customs Enforcement to provide support services at the 2,329-bed Big Spring Complex in Texas.
Idexx Labs (IDXX) rises 6% after the animal health firm boosted its revenue guidance for the full year, following results for the third quarter that beat the average analyst estimate.
Inovio Pharmaceuticals (INO) rallies 50% after the biotech got accelerated FDA approval for Voceryq, an immunotherapy to treat adults with recurrent respiratory papillomatosis.
Kosmos Energy (KOS) falls 7% after the oil and gas company reported third-quarter adjusted earnings per share that missed the average analyst estimate as weather weighed on results.
Marvell Technology (MRVL) climbs 1% after reaching a deal to buy Lumentum at an enterprise value $115 billion in a race to capitalize on the artificial intelligence boom. Lumentum (LITE) slips 1%.
Okta (OKTA) rises 2% as the stock will replace Kenvue Inc. in the S&P 500 effective Wednesday.
Once Upon a Farm (OFRM) falls 12% after the children’s nutritional food company said it will host a business update conference call/webcast at 8:30am NY time to discuss the company’s voluntary recall of its Tractor Wheels soft-baked bars due to potential choking hazard that was issued on Oct. 30.(Historical earnings: For fiscal 2027Q2 (period ended 2026-08-01), Marvell reported basic EPS of 0.39, diluted EPS of 0.38, net income of USD 0.343 billion, and revenue of USD 5.157 billion.
Consensus expectations: For fiscal 2027Q3 (event date 2026-11-26), consensus expects EPS of 0.79 and revenue of USD 3.220 billion.)