On this episode of Stock Movers:
- Pfizer (PFE) tumbled after it forecast little to no sales growth next year, a warning sign as the drugmaker works rebuild its pipeline of hit drugs with a series of pricey acquisitions. Revenue in 2026 will be $59.5 billion to $62.5 billion, Pfizer said Tuesday in a statement. The midpoint of that range trails Wall Street’s $61.6 billion estimate and the $62 billion the company expects to report this year.
- Xcel Energy (XEL) falls after Texas Attorney General Ken Paxton sued the company, accusing the utility company of “blatant negligence” over its role in the Smokehouse Creek wildfire that killed three people and caused more than $1 billion in damage last year.
- Comcast (CMCSA) shares rise as much as 3.8%, to the highest intraday since Oct. 28, after David Faber comments on CNBC about interesting trading activity, particularly in the swaps market, and also in options.
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