Why it movedWhy Illumina (ILMN) Stock Is Sinking Today
Illumina plunged 19.3% on Friday after third-quarter results that topped profit estimates and raised its 2026 forecast failed to ease worries about slowing growth.

Consumer, retail and health care. Claire Okafor is a pen name; every Mostly Markets writer uses one.
Why it movedIllumina plunged 19.3% on Friday after third-quarter results that topped profit estimates and raised its 2026 forecast failed to ease worries about slowing growth.

EarningsMondelez earned an adjusted 78 cents a share, above the 71 cents analysts expected, as more snacks sold lifted organic sales 2.1%. The stock rose 4.1% early Friday.

EarningsStryker's revenue rose 7.7% to $6.52 billion, short of the $6.58 billion expected, and it cut its 2026 growth forecast. The stock was down 7.6% Friday morning.

EarningsBristol Myers Squibb's revenue rose 7% to $13.07 billion, beating the $12.56 billion Zacks consensus, and it raised its 2026 sales forecast. The stock rose 1.4% on Thursday.

EarningsAltria's revenue net of excise taxes rose 3.6% to $5.44 billion, ahead of the $5.31 billion expected, and it raised its 2026 forecast. The stock jumped 5.2% on Thursday.

EarningsStarbucks earned an adjusted 80 cents a share, above the 72 cents expected, as global comparable sales rose 7.2%, but revenue fell 4% to $9.14 billion. The stock slipped 0.6% on Friday morning.

EarningsGilead's revenue rose 7% to $8.30 billion, beating the $7.81 billion expected, and it raised its 2026 sales forecast. The stock was up 3% after hours.

EarningsMerck's sales rose 5% to $18.09 billion, ahead of the $17.31 billion expected, and it raised its 2026 profit forecast. The stock rose 3.8% on Thursday.

Earnings previewAbbVie reports before the open on Friday. Analysts expect adjusted EPS of $3.74 to $3.79, within or above the $3.73 to $3.77 the company guided to after an 11-cent charge for acquired research.

EarningsLilly's revenue rose 39% to $24.40 billion, beating the $22.61 billion expected, and it raised its 2026 sales forecast by $5.5 billion at the midpoint. The stock jumped 6.6% to a record close.

Why it movedCarvana soared 15.7% on Thursday after selling a record 217,385 cars in the third quarter, up 39%, with revenue of $8.04 billion ahead of estimates.

Why it movedGM jumped 5.5% on Tuesday, its best day since January, after saying it will move its stock listing from the NYSE to the Nasdaq on 17 November, making it eligible for the Nasdaq-100.

EarningsCoca-Cola earned 91 cents a share on a comparable basis, beating the 88 cents expected, on revenue up 7% to $13.4 billion, and raised its 2026 profit forecast for a third straight quarter.

Why it movedDoorDash slid 6.1% on Monday after The Wall Street Journal reported it is in advanced talks to buy delivery rival Instacart, in a deal that a source told Reuters would value Instacart at about $17 billion.


Why it movedModerna plunged 17.6% on Thursday after Phase 3 results for its melanoma vaccine with Merck appeared online two days early, showing a 42% cut in the risk of relapse or death.

EarningsP&G earned $2.00 a share on a core basis, above the $1.88 analysts expected, on sales of $23.3 billion, up 4%. It kept its full-year outlook despite a $1.4 billion commodity-cost headwind.
