On this edition of Stock Movers:
- Apple (APPL) shares declined today after the company introduced its iPhone 17 lineup, adding an all-new skinnier Air design and improving the devices’ durability and camera technology. Apple unveiled the new smartphones at an event with the tagline “awe dropping” from its headquarters in Cupertino, California. Apple also debuted new smartwatches and an updated version of its high-end AirPods. However, analysts didn’t see any major surprises in the event.
- UnitedHealth (UNH) shares jumped after the health insurer said it expects most of its Medicare Advantage members to be in highly rated plans that earn bonus payments next year, a boon for its health insurance business. Preliminary data show about 78% of members will be in plans with at least four stars, the threshold for earning bonus payments, the company said in a filing Tuesday. The star rating system set by Medicare evaluates plans on quality and customer experience, with financial rewards for those that perform well. The preliminary star rating results are “likely better than some investors feared,” JPMorgan analysts led by Lisa Gill wrote in a research note Tuesday.
- Oracle (ORCL) shares surged in extended trading after the company posted a huge jump in bookings in the latest quarter, following a massive deal with OpenAI. Remaining performance obligation, a measure of bookings, were $455 billion at the end of the fiscal first quarter, up from about $138 billion at the end of the prior quarter, Oracle said in a statement Tuesday. Cloud infrastructure revenue increased 55% to $3.3 billion, while analysts anticipated a 53% expansion. Profit, excluding some items, was $1.47 per share compared with the $1.48 average estimate.
See omnystudio.com/listener for privacy information.
