Stocks gain after big tech results; Amazon shares rise; Indicators are on the right track to achieve weekly and monthly gains

Netflix stock is set for a 10-for-1 split. What you need to know

26 minutes ago

Netflix said it plans to do a 10-for-1 stock split, in a move that could make its shares more accessible to a wider range of investors.

The split, which is scheduled to take place after the closing bell on Friday, November 14, means shareholders will receive nine new shares of Netflix (NFLX) for every share they owned before the split. Their total stake in the company will not change because of this, but the value of each share will subsequently be about 10% of its price before the split takes effect. Trading is scheduled to begin at the revised price when the market opens on Monday, November 17.

Netflix said the change is intended to “reset the market price of the company’s common stock to a range that will be affordable to employees who participate in the company’s stock options program.” This could also make it more attractive to investors outside the company who may have turned away from the stock at recent levels after the rally this year.

Netflix shares rose more than 3% at about $1,123 in recent trading, bringing their year-to-date gains to about 26%, outpacing the broader S&P 500 index by about 16% over the same period.

Read the full article here.

–Bill McCall

Dexcom shares fall on CEO comments about revenue growth

56 minutes ago

After the bell rang on Thursday, DexCom (DXCM) CEO Jake Leach made comments about the glucose monitoring device maker’s full-year revenue outlook. Investors did not respond positively on Friday morning.

DexCom was the worst-performing stock in the S&P 500 in early trading, with shares down about 15%.

In its third-quarter report yesterday, DexCom projected 2025 revenue of $4.63 billion to $4.65 billion, representing roughly 15% year-over-year growth. However, in the subsequent call with analysts, Leach said “as we look at our range, the upper end of our range is probably a little bit below where the Street is today relative to our base case.” (Visible Alpha’s consensus forecast was $4.63 billion before the report, and is now $4.64 billion.)

The San Diego-based company reported third-quarter earnings of $0.70 per share on revenue of $1.21 billion, with both beating analyst estimates.

Including today’s sharp declines, DexCom shares are down 25% this year.

Apple stock rises to new highs as CEO Cook calls for best holiday season ever

1 hour and 49 minutes ago

Apple is on its way to setting records.

Apple (AAPL) shares opened at a record high on Friday after the iPhone maker reported earnings that beat analyst estimates and CEO Tim Cook provided an upbeat forecast for the holiday season.

Apple reported fiscal fourth-quarter earnings per share of $1.85 on revenue that rose 8% year over year to $102.47 billion. Both numbers came ahead of analyst estimates compiled by Visible Alpha, as Apple’s services revenue rose to a record $28.75 billion.

Growth in Apple’s iPhone sales also helped it achieve better-than-expected results, after the company launched the iPhone 17 lineup in September. iPhone sales rose 6% to $49.03 billion in the fourth quarter, contributing the majority of Apple’s product revenue.

The figure also marks a record September quarter revenue for the iPhone, with CEO Tim Cook indicating that could mean a record holiday season ahead.

“We expect December quarter revenue to be the best ever for the company and the best ever for the iPhone,” Cook said on the company’s earnings call Thursday, forecasting revenue growth of 10% to 12%. Analysts had expected 6%.

Apple shares are up about 8% for 2025 through Thursday’s close. This week’s gains boosted Apple’s market value by more than $4 trillion, making it the world’s second most valuable company after artificial intelligence chip maker Nvidia (NVDA).

-Kara Greenberg

Amazon stock shows top earnings estimates, driven by AWS growth

2 hours and 44 minutes ago

Shares of Amazon ( AMZN ) rose in early trading Friday after the e-commerce and cloud giant reported third-quarter results that beat previous analyst estimates, driven by growth in its cloud business.

Shares rose more than 13% above $252 in early trading, putting them on track to open at their first all-time high since early February.

The online retail and cloud computing provider reported earnings per share of $1.95, up from $1.43 at the same time last year, and well above the analyst consensus compiled by Visible Alpha. Revenue rose 13% year over year to $180.2 billion, also beating expectations as sales in the company’s Amazon Web Services segment jumped 20% to $33 billion.

“We continue to see strong momentum and growth across Amazon as AI drives meaningful improvements in every corner of our business,” Amazon CEO Andy Jassy said, adding that the company has particularly benefited from “strong demand in AI and core infrastructure, and we have been focused on accelerating capabilities.”

Looking ahead, Amazon said it expects fourth-quarter revenue to range between $206 billion and $213 billion, compared to analyst estimates of $208.66 billion.

The company also raised its expected full-year capital expenditures to $125 billion from about $118 billion previously, with CFO Brian Olsavsky telling investors during an earnings call on Thursday that he expects them to rise in 2026.

Earlier this week, Amazon announced what could be the largest layoffs in the company’s history, with plans to cut its headcount by about 14,000 jobs, through layoffs and changes to hiring plans as it and other technology companies look to cut costs elsewhere while boosting investments in artificial intelligence infrastructure.

Through Thursday’s close, shares were up less than 2% for 2025, as concerns about tariffs and disappointing cloud growth earlier in the year weighed on sentiment.

-Aaron McDade

Stock futures mostly rise after Amazon and Apple results

4 hours and 28 minutes ago

Futures tied to the Dow Jones Industrial Average fell less than 0.1%.

Standard & Poor’s 500 futures rose 0.6%.

Nasdaq 100 futures rose 1.2%.