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Stock Markets March 5, 2026

Broadcom, Oracle and Retail Names Drive Big Moves Across Market Caps

Mega-caps to small-caps show pronounced swings as company-specific news and earnings updates move share prices

By Hana Yamamoto WMT MRK PM JNJ ORCL
Broadcom, Oracle and Retail Names Drive Big Moves Across Market Caps
WMT MRK PM JNJ ORCL

Trading on Thursday produced notable volatility across the market cap spectrum. Mega-cap names such as Avago Technologies (Broadcom) and Oracle gained after company updates, while several large-, mid- and small-cap stocks fell sharply amid earnings misses, downgrades and other company-specific developments. The session highlights how discrete corporate news continues to drive intraday share-price dispersion.

Key Points

  • Company-specific news and analyst actions drove sizeable intraday moves across mega-, large-, mid- and small-cap stocks.
  • Technology and semiconductor names, including Avago Technologies (AVGO) and Oracle (ORCL), recorded gains tied to corporate updates and reported revenue growth or product launches.
  • Retail and consumer-facing names such as Grocery Outlet (GO), Victoria’s Secret (VSCO) and select mid- and small-caps showed significant declines amid earnings misses, guidance concerns and downgrades.

Equity markets on Thursday featured wide-ranging stock moves tied to firm-level announcements and analyst actions. Gains concentrated in select technology and semiconductor names at the top end of the market contrasted with pronounced declines in some retail and small-cap issues. Below is a breakdown of the most substantial movers, organized by market-cap tier.

Mega-Cap Movers ($200 billion USD or higher)

  • Wal-mart Stores (WMT) -4.04% - Erste Group downgraded Walmart to hold citing valuation.
  • Merck & Co (MRK) -3.41%.
  • Philip Morris Intl (PM) -3.39% - Philip Morris declared a $1.47 quarterly dividend.
  • Johnson & Johnson (JNJ) -2.44%.
  • Oracle Corp (ORCL) +1.98% - Oracle announced an AI safety prediction tool for construction.
  • Avago Technologies (AVGO) +3.17% - Broadcom reported 29% revenue growth in the first quarter.
  • Procter & Gamble (PG) -2.61%.
  • Eli Lilly And Co (LLY) -1.84% - Lilly launched an employer platform for obesity drug access.

Large-Cap Movers ($10-$200 billion USD)

  • Ciena (CIEN) -15.48%.
  • Trade Desk Inc (TTD) +18.96%.
  • Credo Technology Holding (CRDO) +9.94%.
  • Okta Inc (OKTA) +8.95%.
  • LyondellBasell Industries NV (LYB) +8.88%.
  • Expedia (EXPE) +8.76%.
  • Priceline.com inc (BKNG) +6.9%.
  • MongoDB (MDB) +6.83% - Scotiabank upgraded MongoDB on AI traction.
  • Venture Global Inc (VG) +8.51%.
  • Bilibili Inc (BILI) -6.11% - the stock’s notice cited a swing to profit on advertising revenue surge despite the negative move.

Mid-Cap Movers ($2-$10 billion USD)

  • Victoria’s Secret Co (VSCO) -14.68%.
  • American Eagle Outfitters (AEO) -12.75% - shares moved despite an earnings and revenue beat.
  • StubHub Inc (STUB) -13.08% - Wedbush downgraded StubHub on direct issuance concerns.
  • Evolution Metals Tech (EMAT) +10.05%.
  • SailPoint Tech (SAIL) +6.86%.
  • Intapp (INTA) +7.75%.
  • WIX.COM LTD. (WIX) +7.62%.
  • BillionToOne (BLLN) -6.46%.
  • Rigetti Computing Inc (RGTI) -9.52%.
  • Stevanato Group SpA (STVN) -7.14%.

Small-Cap Stock Movers ($300 million - $2 billion USD)

  • Cybin (HELP) -33.53%.
  • Ivanhoe Capital Acquisition (SES) -30.7%.
  • Rotor Acquisition Corp (PDYN) +28.42%.
  • Grocery Outlet Inc (GO) -23.32% - Grocery Outlet tumbled following a Q4 earnings miss and weak guidance amid consumer pressure.
  • Olaplex Holdings (OLPX) -21.91% - shares slipped despite a fourth quarter earnings beat.
  • Flame Acquisition (SOC) +28.39%.
  • Lawson Products (DSGR) -22.96% - Distribution Solutions Group missed on revenue and earnings.
  • Hywin Holdings ADR (BVC) +14.88%.
  • PepGen (PEPG) -20.04% - PepGen fell despite an earnings beat amid FDA hold concerns.
  • Amprius Tech (AMPX) +16.49%.

The day’s activity underscores how company announcements, analyst actions and earnings outcomes can prompt material share-price reactions across market-cap categories. Investors monitoring sector-level exposure and single-name developments saw particular movement in technology and retail-related securities during the session.

Risks

  • Analyst downgrades and valuation concerns can depress shares in large-cap consumer and retail names, as seen with Wal-mart Stores (WMT) following a downgrade.
  • Earnings misses and weak guidance create downside risk for consumer-discretionary and small-cap retailers, illustrated by Grocery Outlet’s Q4 results and outlook.
  • Regulatory or operational issues can weigh on stocks despite earnings beats, exemplified by PepGen (PEPG) declining amid FDA hold concerns and Olaplex (OLPX) slipping despite a quarterly beat.

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