Sandisk, Verizon Rise after Earnings, Apple Fluctuates
Jan 30, 2026
Coverage of recent market movers and big corporate headlines. Apple posts record sales but flags rising component costs that could squeeze margins. Sandisk jumps after a huge revenue beat and soaring post-IPO gains. Verizon gains subscribers and unveils a large buyback plan as wireless momentum returns.
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insights INSIGHT
Apple Sales Growth With Margin Warning
Apple delivered its largest first-quarter sales growth in over four years despite margin warnings.
Management warned rising component and memory costs could squeeze gross margins going forward.
insights INSIGHT
Sandisk Revenue Beat Sparks Massive Rally
Sandisk crushed revenue expectations and pushed a bullish outlook that sparked analyst upgrades.
The stock has surged massively, rising roughly 160% year-to-date and about 1,600% since its IPO last year.
insights INSIGHT
Verizon Subscriber Gains And Huge Buyback
Verizon reported its biggest mobile-subscriber gain since 2019 and announced up to $25 billion in buybacks.
The market rallied strongly, giving Verizon one of the top S&P 500 performances that day.
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Today's biggest winners and losers in the stock market.
On this episode of stock movers:
-Apple (AAPL) shares are little changed after the tech giant delivered record quarterly sales and a better-than-anticipated forecast for the current period, even as the company warned that rising component costs are threatening to squeeze margins. Revenue will rise 13% to 16% in the second quarter, which runs through March, the company said Thursday during a conference call with analysts. That exceeded the 10% projected by Wall Street — showing that Apple can maintain momentum after an iPhone-fueled sales surge in the December quarter.
-Sandisk (SNDK) shares rally after the computer hardware and storage company’s second-quarter revenue beat expectations. The company said it sees adjusted earnings per share between $12 and $14 in the third quarter. Wall Street had expected $4.95 a share, spurring several analysts to raise their ratings and price targets for the stock, which is up roughly 160% to start the year and around $1,600% since it went public last February.
-Verizon (VZ) shares rise after the wireless provider reported its biggest gain in mobile phone subscribers since 2019 and announced plans to buy back as much as $25 billion in shares, signaling turnaround efforts under new Chief Executive Officer Dan Schulman are starting to bear fruit.
Stock Movers