This past week was rough for most investors, but it was a lot harder for a handful of cascading stocks. There were nearly a dozen U.S. exchange-listed companies with market caps north of $1 billion that tumbled by at least 20% last week.
Marvell Technology (NASDAQ: MRVL), VF Corp. (NYSE: VFC), and Hims & Hers Health (NYSE: HIMS) are three of those names, sliding 23%, 23%, and 20%, respectively, this past week. They are well positioned to bounce back. Let’s go over what tripped up three of the market’s biggest decliners. Then let’s turn to how they can bounce back.
A “beat and raise” performance during earnings season isn’t always going to resonate when the overall market is heading lower. Case in point: On Wednesday, semiconductor stock Marvell posted poorly received results for its fiscal fourth quarter of 2025. Revenue for the quarter rose a slightly better-than-expected 27% to hit $1.82 billion.
Marvell’s performance was boosted by a 78% surge in data center revenue that now makes up 75% of the top-line mix. But that means the balance of its business isn’t doing so well. Revenue for the next three largest segments declined 35% to 38% from where Marvell landed a year earlier.
That’s not a deal-breaker, but considering all but a quarter of Marvell’s business is thriving on the AI-fueled surge in demand for its data center solutions, that’s undeniably the driving force for the stock these days.
Marvell also came through on the bottom line. A small profit reversed a prior-year loss, but on an adjusted basis, net income climbed 30% to reach $0.60 a share. Wall Street pros were modeling a profit of $0.59 a share. Marvell came through with modest single-digit percentage quarterly beats through all of fiscal 2025.
The near term looks more promising than last week’s stock chart. Marvell’s guidance calls for revenue growth to accelerate to 62% in the current quarter, and adjusted earnings should more than double.
One Wall Street firm downgraded the stock following the report, and several more slashed their price targets. They’re generally encouraged by the Marvell’s ability to keep growing its AI business through custom ASIC programs as well as optical networking, but they’re taking a cautious approach given the current market environment. The stock seems compelling at 25 times forward earnings, with a multiple just below 20 if you look out to the following fiscal year.
It’s not enough to be an iconic brand to thrive these days, but VF has no shortage of apparel and footwear platforms in its arsenal. This is the parent company of Vans, The North Face, and Timberland. Unfortunately, VF’s shoelaces and jacket zippers have come undone. Revenue is declining the for the third consecutive year that will wrap up at the end of this month, but year-over-year top-line gains did turn marginally positive in its latest quarter.
