Apple Set to Report; Marvell-Lumentum Mega Deal; EchoStar-SpaceX

 

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- EchoStar (ECHO) is gaining on news Elon Musk's SpaceX is looking to start a wireless service with Echostar.

- Lumentum (LITE) is moving on news Marvell Technology has reached a deal to buy Lumentum at an enterprise value of $115 billion. Lumentum makes lasers and other optical technology for moving enormous amounts of data at high speeds, which underpins the AI boom.

- Apple (AAPL) shares are moving ahead of its earnings report today. Apple shares have climbed 25% from a low in late June, adding roughly $1 trillion in market value, as the company’s steady revenue growth and rising free cash flow have offered a haven for investors.