MarketCatalystPenguin Solutions grew fourth-quarter sales 68% to a record $567 million and now expects fiscal 2027 sales of about $2.43 billion and adjusted EPS of $4.45, well above its own preliminary view and analyst estimates. Shares rose 6.4% after hours. Memory drove the quarter, neoclouds drove the outlook, and cash flow is the catch.
Tech powered the Nasdaq to a record close as oil dropped 2% and the 10-year yield rose to 5.31%, while PTC, Cerebras and SpaceX jumped, Micron and Qualcomm slipped, and Fed minutes loom on Wednesday.
Marvell's investor day, Costco's September sales and earnings from Delta, PepsiCo and Constellation test a market where the S&P 500 sits within 1% of its record while the average stock lags far behind.
After a record Nasdaq close on a weak jobs report, the week of Oct. 5–9 brings FOMC minutes, five Fed speakers, ISM services data and early Q3 earnings from Constellation Brands, PepsiCo and Delta, with the 10-year yield near 5.3% setting the tone.
Moderna will join the Nasdaq-100 on October 9, replacing Warner Bros. Discovery as its pending $81 billion Paramount Skydance merger closes — a move driven by Moderna's 541% year-to-date stock surge and $75 billion valuation.
A much weaker than expected September jobs report cooled bets on an October rate hike, lifting the Nasdaq to a record as Nvidia touched a fresh all-time high and semiconductors led a broad rally.