F5
Shares of the cybersecurity firm F5 fell over 3% after it revealed that a nation-state actor had gained access to its systems. Despite the breach, the company assured investors that its operations remain unaffected.
Progressive
The insurer’s stock tumbled approximately 8% following disappointing earnings results. Progressive reported earnings of $4.45 per share on $21.38 billion in revenue, falling short of the $5.04 per share that analysts had anticipated. Additionally, revenue was below the expected $21.82 billion, partly due to a policy change in Florida that caps insurer profits. This downturn affected other insurance stocks as well, with Allstate down nearly 5%, Chubb off 2%, and Travelers falling almost 3%.
Nuclear Power Stocks
Shares of companies developing small modular nuclear reactors saw a rise after the U.S. Department of the Army announced a program for “next-generation nuclear power.” Although specific companies were not named, investors are optimistic about the potential benefits for nuclear tech firms. Notably, shares of NuScale surged 17%, while Oklo and Nano Nuclear increased by nearly 7% and 4%, respectively. The uranium company Centrus also gained 13%.
Archer-Daniels-Midland and Bunge Global
Following President Donald Trump’s threat to embargo cooking oil from China in retaliation for Beijing’s refusal to purchase U.S. soybeans, global agriculture businesses Archer-Daniels Midland and Bunge Global saw their shares rise by more than 3% and 13%, respectively. Bunge also provided its full-year outlook post-merger with Viterra, expecting earnings of $7.30 to $7.60 per share after adjustments, which, while slightly below estimates, was better than feared.
Bank of America
The Brian Moynihan-led bank experienced a 5% increase in shares after reporting earnings and revenue that exceeded analyst expectations. Bank of America earned $1.06 per share on revenue of $28.24 billion, surpassing the estimated profit of 95 cents per share and revenue of $27.5 billion, driven by strong investment banking performance.
Morgan Stanley
The Wall Street investment bank reported earnings that exceeded expectations by the largest margin in five years, resulting in a nearly 7% rise in shares. Earnings reached $2.80 per share, compared to the $2.10 consensus estimate, while revenue of $18.22 billion surpassed the $16.70 billion forecast.
Abbott Laboratories
The stock of Abbott Laboratories dropped over 2% after the global healthcare company’s third-quarter revenue of $11.37 billion fell short of the $11.40 billion expected by analysts.
PNC Financial Services
Despite reporting better-than-expected third-quarter earnings and revenue, PNC Financial Services saw a 4% decline in shares. Earnings were $4.35 per share, exceeding the $4.05 consensus estimate, while revenue reached $5.92 billion, higher than the anticipated $4.583 billion.
ASML
U.S.-listed shares of ASML rose 3% after the semiconductor equipment maker projected that total net sales for 2026 would surpass those of 2025, despite mixed results for its third quarter.
Papa John’s International
The pizza chain’s shares jumped nearly 9% following a Reuters report that Apollo Global Management has made a new bid to take the company private at $64 a share.
Dollar Tree
The discount retailer’s shares rose 2% after announcing that earnings per share are expected to increase by a “high-teens percentage” in fiscal 2026. Analysts are currently forecasting about 15% EPS growth for the upcoming year. Dollar Tree is set to host an investor day on Wednesday, with shares of rivals Five Below and Dollar General also trading higher, up 3% and 2%, respectively.
Sable Offshore
Shares of Sable Offshore plummeted 18% after a California judge ruled in favor of the state in a dispute involving the Santa Ynez project. The company expressed disagreement with the tentative ruling.
Sunrun
The rooftop solar panel maker surged nearly 4% after BMO Capital Markets upgraded its rating to market perform from underperform and raised its price target to $19 from $10, although this new target still indicates an 8% downside from Tuesday’s closing price of $20.68.
Grindr
Shares of the dating app Grindr jumped 4% after the company announced it received a letter from large shareholders, who are also board members, proposing to take the company private. Grindr’s board will form a special committee to evaluate this proposal.
— Reporting contributed by CNBC’s Michelle Fox, Spencer Kimball, Fred Imbert, Sarah Min, Alex Harring, and John Melloy.
(Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here.)
