Investing.com’s stocks of the week
Investing.com – The S&P 500 and Nasdaq are on track to close slightly higher this week, despite significant volatility.
Here were some of the big-name movers:
On Holding (NYSE: ONON) shares surged more than 22% in the last week, with the stock having rallied 18% in Wednesday’s session.
ONON posted its latest quarterly earnings, topping consensus expectations and lifting its full-year outlook.
“In our view, ONON continues to improve its position as the most premium sports offering in the broader footwear market, and looks to have seen little headwind in the current environment, noting margin sustainability above MT targets into 2026 even as tariff impacts materialize,” said KeyBanc analyst Ashley Owens.
Oracle (NYSE: ORCL) shares have declined more than 6%. Earlier in the week, Michael Burry, the investor known for predicting the 2008 housing crisis, raised concerns about major tech companies potentially understating depreciation by extending the useful life of computing assets.
By 2028, he projects Oracle (NYSE: ORCL) will overstate earnings by 26.9% and Meta (NASDAQ: META) by 20.8%. He promised more details would be coming on November 25.
Eli Lilly’s (NYSE: LLY) stock experienced a strong rally, climbing 10.3% in the last week.
Several analysts provided bullish commentary on the stock over the last few days.
Shares were upgraded to Outperform at Leerink Partners, which cited “multiple waves of obesity treatment adoption drivers” and raised its price target to $1,104 from $886.
Meanwhile, Scotiabank started the stock at Sector Outperform with a $1,165 price target and Citi hiked its price target on Eli Lilly to $1,500 from $1,250, implying a potential upside of more than 50% from current levels, pointing to accelerating expectations for the company’s oral GLP-1 drug orforglipron.
Cisco Systems (NASDAQ: CSCO) posted its latest quarterly earnings on Wednesday, sending its stock 4.6% higher after it topped expectations and impressed with its Q2 and full-year guidance.
Writing in a note, analysts at Vital Knowledge said that Cisco posted a "healthy beat-and-raise" report and demonstrated "rising contribution from the hyperscaler AI buildout and a continued refresh in enterprise networks."
