Investors will watch out for a follow-through rally in two red-hot stocks from last week. Akamai (AKAM) gained nearly 15% to close at $83.74 after it posted strong third-quarter results.
Akamai earned $1.86 a share (adjusted) on revenue of $1.05 billion (+5% Y/Y). CEO Tom Leighton said that high-growth security products and the momentum in Cloud infrastructure lifted results. Nvidia (NVDA) powers this inference cloud product.
Solventum (SOLV) rebounded on Nov. 7. Shares gained after the firm posted an EPS of $1.50 (non-GAAP). Its revenue of $2.1 billion is up by 1% Y/Y.
Among the cold stocks at risk of falling further, watch Take-Two Interactive (TTWO). The gaming firm posted net bookings of $1.96 billion. Importantly, Rockstar Games will release Grand Theft Auto VI next year on November 19. NBA 2K26 launched during the quarter, where the firm sold 5 million units.
TTWO stock fell by 8% last Friday.
Block (XYZ) lost 7.73%. Despite raising its full-year gross profit guidance (19% Y/Y growth), investors dumped the stock. XYZ has significant potential but does not execute its plans effectively.
Ad platform Trade Desk (TTD) posted a 17.7% Y/Y revenue growth, to $739 million. Strong profit margin (79.41%), net income margin (15.6%), and EPS of $0.45 did not win back investors. TTD stock lost 12% last week. Watch out for fresh lows in the coming weeks.
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