Dow futures are about -0.5% and S&P 500 futures about -0.15% in early European trade. LITE fell 18.59% as investors balked at Marvell's $115B all-stock deal, which pays no premium.
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S&P futures
Dow futures about -0.5% and S&P 500 futures about -0.15% as oil's Monday drop on Iran peace-talk reports was offset by mixed ceasefire signals (FXStreet; Yahoo Finance).
LITE Lumentum
Marvell agreed to buy Lumentum for 4.5 MRVL shares per LITE share, and LITE fell 18.59% as investors objected to the lack of premium and the dilution (Yahoo Finance).
MRVL Marvell
TD Cowen cut Marvell to Hold from Buy and its target to $175 from $350, citing deal dilution and timing near an optical cycle peak (Investing.com).
IDXX IDEXX Laboratories
Q3 EPS of $4.01 beat the $3.71 estimate and revenue of $1.21B topped $1.19B, with 2026 EPS guidance raised to $14.96 to $15.16; the stock rose 21.85% (TheStreet).
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LITE Lumentum Holdings
Down 18.59% on the Marvell all-stock takeover terms (Yahoo Finance).
MRVL Marvell Technology
Down 12.72% after TD Cowen's downgrade to Hold (Investing.com).
AAPL Apple Inc.
Slipped 1.83% in pre-market as investors digested its quarterly report (FXStreet; CNBC).
PLTR Palantir Technologies
Down 3.13% in pre-market trading despite strong corporate tech revenue (FXStreet).
TSLA Tesla Inc
Up 1.00%; no named catalyst found in today's research.
AI Economy
ORCL Oracle
Fell more than 8% Monday as the SOX index dropped over 3%, after a reported $20B stock and bond sale to fund AI data-center buildout (TradingKey; TIKR).
Anthropic IPO filing
The Anthropic IPO filing and Meta's equity offering were read together as signs that tech capex remains robust despite chip-stock selling (StockStory).
Smart Money
AMZN Amazon.com
Analysts are net buyers, but no dated catalyst surfaced in today's research, so the rationale is unsourced.
See all of today's top buys at fintwit.ai
AI Pick
No pick today
No AI Pick cleared the screen this morning, so no rating is issued.