{
  "id": 19953361,
  "title": "2 Stocks That Plunged on Oct. 29 to Buy and Hold Through 2030",
  "url": "https://urgent.news/2026/11/14/2-stocks-that-plunged-on-oct-29-to-buy-and-hold-through-2030",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-14T08:41:02.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/14/2-stocks-that-plunged-on-oct-29-to-buy-and-hold-through-2030/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "On October 29, two tech stocks experienced significant declines. Marvell Technology (MRVL) dropped around 13%, while ServiceNow (NOW) fell about 27%. Despite these drops, neither company has recovered, and both are trading at prices below their October 28 closing values. Marvell has since dropped to around $171, and ServiceNow is near $102, each priced at roughly 32% under their October 28 values.\n\nMarvell's acquisition of Lumentum Holdings (LITE) was announced on November 2, with Lumentum valued at $115 billion at October 28 prices. This deal is expected to close in the first half of 2028 and result in Marvell shareholders owning about 67% of the combined company. Although dilution will occur, management expects the deal to boost non-GAAP earnings per share starting in the first year post-closure and generate over $1 billion in annual cost savings.\n\nServiceNow's third-quarter results were strong, with subscription revenue up 21% year-over-year to approximately $3.99 billion. However, the stock fell due to a reduction in the fourth-quarter growth guidance from 21% in constant currency to 18.5% for the fourth quarter. Despite this, management remains optimistic about future growth, with a subscription revenue target of over $30 billion by 2030 and current free cash flow margin at 36%. The company believes that AI contract value will reach $1.7 billion by 2026, up from the initial $1 billion forecast.",
  "summary": "One dropped on a takeover, the other on a contract outlook. Do their long-term targets make both stocks buys?",
  "key_points": [
    "Marvell Technology (MRVL) dropped 13% on October 29",
    "ServiceNow (NOW) fell 27% on October 29",
    "Both stocks are trading below October 28 closing values"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}