Apple hits all-time high as investors seek safety from AI crash
Apple CEO John Tarnas gave a keynote speech at the Apple Experience LA event on October 28, 2026 in Los Angeles, California, introducing new models of Mac computers.
Frederick J. Brown | AFP | Getty Images
apple Shares rose nearly 1% on Friday to an intraday high of $360.80, giving the company a market value of more than $5.2 trillion.
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Stocks benefited as investors moved away from companies exposed to the AI infrastructure boom.
While many of the Magnificent Seven’s peers are working to build out AI infrastructure, Apple has managed to distance itself from the costly AI arms race. Bernstein analysts recently called Apple a “safe haven,” reiterating the company’s outperform rating and $380 price target in a report, suggesting an upside of about 7% from Thursday’s closing price.
— Dina Zaidi
Liftoff Mobile soars on strong third quarter and strong guidance
liftoff mobile, The mobile advertising platform soared 22% on strong quarterly results and solid guidance.
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Third-quarter earnings were 47 cents per share on revenue of $238 million, beating FactSet consensus estimates of 18 cents per share and $221.7 million.
Full-year sales are expected to be between $907 million and $912 million, higher than analysts’ expectations of $879.1 million.
–Dara Mercado, Nick Wells
Stelis stock rises after Jefferies upgrade
Steris shares rose nearly 4% after Jefferies upgraded the medical products company from hold to buy.
Jefferies also gave the company a $305 price target, implying a 20% upside from Thursday’s closing price.
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Analyst David Windley said Steris is benefiting from growth in medical procedures and the stock is attractively priced.
“Multiple macro-driven compressions create attractive entry points,” Windley wrote, noting that investors can buy “solid (double-digit) EPS growth companies at below-average multiples despite headwinds.”
— Ananya Chettiar
Cisco Systems falls as traders cash out after strong earnings report
giant of network technology Cisco The decline came a day after the company posted strong first-quarter results and raised its outlook for the fiscal year ending July 2027, dropping 6%.
The company raised its full-year outlook, expecting adjusted earnings per share of $5.47 to $5.53, beating the FactSet consensus of $5.10 per share.
Cisco Systems in the last 5 business days
Despite the stock’s decline on Friday, Cisco is on track for a 2% gain this week. This is a pace that allows me to record my first slide in four weeks.
—Dara Mercado
Stocks fall as traders shy away from artificial intelligence trading on Friday
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photonics company reasonable Memory inventory decreased by over 9% sandisk It fell 8%.
–Dara Mercado
Modine Manufacturing soars 25% on potential acquisition by Samsung
shares of modine manufacturing company Shares soared more than 25% after the Bloomberg report. samsung electronics is in talks to acquire a U.S. manufacturer of thermal management equipment. The report cited people familiar with the matter. Modine shares soared more than 29% in after-hours trading Thursday on the news, while Samsung rose 2%.
Modine Manufacturing and Samsung Electronics shares will be acquired in 2026
According to reports, the two companies are in talks to potentially reach an agreement in the coming weeks. Modine’s market capitalization is approximately $5.6 billion, according to LSEG data.
Samsung acquired Germany’s Fläkt Group last year as part of its efforts to expand its presence in the data center cooling market.
— Dina Zaidi
Mortgage real estate investment trusts fall to 52-week lows as interest rates rise
REM from the beginning of the year to today
— Fred Imbert, Gina Francola
Nvidia resumes decline on Friday, with weekly losses reaching around 14%
Nvidia is down about 14% this week.
had a difficult time Nvidia Shares fell as much as 3.5% in early trading on Friday, taking the weekly decline to almost 14% following the resignation of former CEO Jensen Huang on Thursday.
Nvidia is currently on a six-week losing streak, with no weekly gains since the week ending October 2nd. Nvidia is down 31% during this six-week downturn.
— Scott Schnipper
Lowe’s stock drops more than 1% after Stifel downgrade
A customer shops at a Lowe’s hardware store on May 20, 2026 in Chicago, Illinois.
Scott Olson | Getty Images
Home improvement store stock drops more than 1% after Stifel downgrade Lowe’s Companies This is to sell from the hold position ahead of next week’s earnings report.
“We believe HD/LOW stock currently does not provide this necessary certainty due to undervalued challenges on three fronts: a weak backdrop in 2H26, operating margin pressure in FY27-28, structural issues such as known DIY weakness, uncertainty in the housing category, and increased competition requiring investment to maintain long-term growth prospects,” analyst Andrew Carter said on Thursday. “FY2028 HD/LOW adjusted EPS are -7%/-8% below consensus, respectively.”
The analyst lowered his price target from $195.00 to $190.00, representing a drop of more than 16% from Thursday’s closing price of $227.46. The stock has already fallen more than 5% this year.
— Sarah Min
Broadcom stock falls 5% after Rothschild & Company Redburn downgrade
shares of broadcom Shares fell 5% after Rothschild & Co. Redburn downgraded the global technology company from buy to neutral on Friday.
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“Broadcom’s partnership with Anthropic and OpenAI means Frontier Labs needs to establish a sustainable advantage over open models and be able to self-fund in the short term,” wrote Rothschild & Company Redburn analyst Mike Harrison.
— Ananya Chettiar
Baird upgrades Domino’s Pizza to improve sales and franchisee profits
Baird has been upgraded domino pizza It raises its price target to $400 to outperform from neutral, implying an upside of about 20% from Thursday’s closing price.
Domino’s Pizza stock price
Analyst David Tarantino said: “Improving sales and franchisee economic conditions should push the stock higher.” The analyst expects order value and same-store sales to increase in 2027 due to a more disciplined promotional strategy.
Tarantino said Domino’s Pizza has revamped its promotions to generate more profitable sales.
The company raised its fourth-quarter U.S. same-store sales forecast to 1.5% from 1%, and raised its 2027 forecast to about 2%. Easier comparisons, new menu items, and efforts to attract more group dining orders could provide further support.
— Dina Zaidi
Lowe’s stock drops more than 1% after Stifel downgrade
A customer shops at a Lowe’s hardware store on May 20, 2026 in Chicago, Illinois.
Scott Olson | Getty Images
Home improvement store stock drops more than 1% after Stifel downgrade Lowe’s Companies This is to sell from a hold position ahead of next week’s earnings announcement.
“We believe HD/LOW stock currently does not provide this necessary certainty due to undervalued challenges on three fronts: a weak backdrop in 2H26, operating margin pressure in FY27-28, structural issues such as known DIY weakness, uncertainty in the housing category, and increased competition requiring investment to maintain long-term growth prospects,” analyst Andrew Carter said on Thursday. “FY2028 HD/LOW adjusted EPS are -7%/-8% below consensus, respectively.”
The analyst lowered his price target from $195.00 to $190.00, representing a drop of more than 16% from Thursday’s closing price of $227.46. The stock has already fallen more than 5% this year.
— Sarah Min
Palo Alto Networks stock rises after KeyBanc Capital Markets upgrade
Palo Alto Networks shares rose over 3.5% after KeyBanc Capital Markets upgraded the company from sector weight to overweight.
Analyst Eric Heath said artificial intelligence’s cybersecurity outperforms others in the industry, and he expects the company’s security budget to accelerate further by 2027.
“This, coupled with strong first-quarter results and the stock’s 20% decline in the last month, makes us think this is an attractive entry point,” Heath said.
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Health gave the artificial intelligence cybersecurity company a $380 price target, implying a 17.7% upside from Thursday’s closing price.
— Ananya Chettiar
Applied Materials stock jumps slightly after beating profit estimates
shares of applied materials Shares rose slightly on Thursday after the company reported better-than-expected earnings per share and sales.
The materials engineering and solutions company reported fourth-quarter earnings of $4.16 per share, excluding items, on revenue of $10.41 billion. Analysts polled by LSEG had expected earnings of $4.05 per share and revenue of $10.3 billion.
Amat
Cerebras delivers strong results in Q3
shares of cerebrum Revenue rose 16% after AI Play reported a surprise profit and better-than-expected revenue in the third quarter.
The company had adjusted earnings of 12 cents per share. Analysts surveyed by LSEG had expected a loss of 14 cents per share. Sales were $231 million, exceeding expectations of $215 million.
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Microsoft stock falls due to power outage
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