Stocks Close Sharply Higher as Market Rebounds From Sell-Off; Nvidia, AMD Lead Chip Sector Rally

Biggest S&P 500 Movers on Monday

8 hr 31 min ago

Advancers

• Shares of animal health company IDEXX Laboratories (IDXX) secured the top performance in the S&P 500 on Monday with a surge of more than 27%. The provider of diagnostics tools and other equipment for veterinary laboratories topped sales and profit estimates for the second quarter and lifted its full-year forecasts, citing strong demand for a recently launched product that analyzes samples from animals’ ears. William Blair analysts said IDEXX could also benefit from an aging pet population driven by accelerated pet adoptions during the pandemic.
• Growing expectations that the Fed will move to lower interest rates, which would lower the cost of borrowing for consumers, helped underpin gains for various retail stocks. Shares of kitchenware and home furnishings specialist Williams-Sonoma (WSM) jumped 6.9%. Shares of Tapestry (TPR), the fashion holding company behind the Kate Spade and Coach brands, advanced 5.3%.
• PG&E (PCG) shares gained 6.5%, recovering from losses posted late last week after the California-based power utility reported a year-over-year revenue decline for the second quarter, falling short of expectations. However, CEO Patricia Poppe said the energy provider could be in a position to reduce customer bills within the next couple of years as it executes its growth plans. PG&E also said it does not intend to issue additional equity to fund its spending plans, regardless of the outcome on potential state legislation on wildfire prevention and customer billing that could affect utilities in the Golden State.

Decliners

• Shares of analog and power management chipmaker ON Semiconductor (ON) fell the furthest of any S&P 500 stock on Monday, plummeting nearly 16%. Although Onsemi matched adjusted profit estimates and edged ahead of quarterly sales expectations, revenue was down from a year ago. The company pointed to cautious behavior by its customers, high levels of uncertainty in its key automotive market, and softness in Europe and North America.
• Paramount Global (PARA) announced that David Ellison will take the reins of the combined company following the completion of the merger later this week between Paramount and Ellison’s Skydance Media. Meanwhile, Tom Ryan is set to step down from his role as president and CEO of Paramount Streaming. Paramount Global shares tumbled 5.4% on Monday.
• LyondellBasell Industries (LYB) shares dropped 4.7%, extending losses posted Friday after the producer of plastics, chemicals, and fuels reported lower-than-expected profits for the second quarter. Although revenue came in ahead of expectations, LyondellBasell outlined a strategic plan including asset sales in an effort to optimize its portfolio in response to challenging market conditions.

–Michael Bromberg

Palantir Jumps After Hours as Revenue Surges Amid AI Demand

8 hr 54 min ago

Palantir (PLTR) posted second-quarter earnings that topped analysts’ expectations and raised its outlook amid strong demand for its Artificial Intelligence Platform.

The AI software company reported adjusted earnings of 16 cents on revenue that jumped 48% year-over-year to a record $1 billion, above Wall Street estimates.

CEO Alex Karp called it a “phenomenal quarter” that underlined “the astonishing impact of AI leverage.” The CEO said Palantir’s commercial business nearly doubled from a year ago, while its U.S. business grew 68%.

Looking ahead, Palantir said it sees third-quarter sales of $1.08 billion to $1.09 billion, and full-year revenue of $4.14 billion to $4.15 billion, up from $3.89 to $3.9 billion previously. Both ranges were well above analysts’ estimates compiled by Visible Alpha.

Palantir stock climbed about 4% in after-hours trading. The shares had more than doubled in value in 2025 through Monday’s close, and were up more than 500% over the past 12 months.

–Kara Greenberg

Trump Praises Sweeney Ad, American Eagle Soars

9 hr 59 min ago

American Eagle (AEO) shares soared Monday as the president applauded its recent ad campaign with actress Sydney Sweeney.

“Sydney Sweeney, a registered Republican, has the ‘HOTTEST’ ad out there. It’s for American Eagle, and the jeans are ‘flying off the shelves.’ Go get ‘em Sydney,” President Donald Trump posted on his Truth Social media platform Monday morning. “Being WOKE is for losers, being Republican is what you want to be.”

Shares of American Eagle closed nearly 24% higher Monday, following days of public discourse on ads critics said were hypersexualized and played on discriminatory ideas about genetics.

In a video ad unveiled in late July, the actress—who has lighter hair and blue eyes—discussed the science behind genetics, and a narrator added, “Sydney Sweeney has great jeans.” To some, the promotion seemed to echo ideas on the superior genetics of white people.

American Eagle didn’t immediately respond to an Investopedia request for comment. The retailer said the ad has always been about jeans, and that “great jeans look good on everyone,” on Instagram last week.

Despite the recent gains for American Eagle stock, the shares have still lost about a fifth of their value this year. They’ve slumped in recent months amid worries about the company’s outlook, which the retailer pulled in May.

–Sarina Trangle

Novo Nordisk Levels to Watch After Last Week’s Plunge

10 hr 46 min ago

Novo Nordisk’s (NVO) U.S.-listed shares rose slightly Monday after shedding about a third of their value last week, when the company cut its full-year outlook and named a new CEO, leading Wall Street analysts to downgrade the stock.

Since hitting a record high in June last year, Novo Nordisk shares have lost roughly two-thirds of their value, pressured by increasing competition from rival Eli Lilly’s (LLY) weight-loss drugs and challenges during trials of the company’s next-generation obesity drugs.

With last week’s drop, Novo Nordisk shares resumed their steep downtrend on above-average trading volume, indicating selling conviction from larger market participants.

The sell-off coincided with the relative strength index falling to its lowest levels since early May, signaling weakening price momentum, though the indicator neared its oversold threshold, increasing the chances for short-term bounces.

It’s also worth noting that the 50-week moving average continues to converge toward the 200-week MA, potentially setting the stage for an ominous death cross, a bearish pattern that forecasts lower prices.

Investors should watch major support levels on Novo Nordisk’s chart around $36 and $29, while also monitoring key overhead areas near $60 and $78.

The stock gained 1.4% to close Monday’s session around $49.

Read the full technical analysis piece here.

–Timothy Smith

Where Traders Expect Palantir Shares to Go After Earnings

11 hr 39 min ago

Traders expect that the best-performing S&P 500 stock of 2025 could make another big move.

Current options pricing suggests traders expect shares of Palantir Technologies (PLTR), which is due to release earnings after the closing bell. could move nearly 11% by Friday’s close from its recent level around $160. A move of that scale either would lift shares to a record high above $177, or drop them to about $142.

Palantir’s stock has registered an average post-earnings move of more than 17% over the past four quarters, rising in three of those instances. May was the exception, when shares slumped 12% the day after earnings as investors may have viewed the company’s latest results as not living up to prior blowout earnings performances in February and last November.

Heading into earnings, analysts are split on the AI darling. Just two brokers covering Palantir and tracked by Visible Alpha have “buy” ratings for the stock, compared with seven “hold” ratings, and three recommending a “sell.” Their average price target just above $107 is roughly a third lower than Palantir’s recent levels.

Shares of Palantir have more than doubled in price this year, as the company’s AI software has become a mainstay, particularly within U.S. government  agencies.

–Andrew Kessel

Onsemi Leads S&P 500 Decliners After Earnings

12 hr 22 min ago

ON Semiconductor (ON) was the worst-performing stock in the S&P 500 Monday, sinking as its chief executive warned customers are being “cautious” and sales slide.

The Scottsdale, Ariz., maker of semiconductors and other products focused on automotive and industrial end markets reported second-quarter adjusted earnings per share of $0.53, matching the consensus estimate of analysts surveyed by Visible Alpha. Revenue fell 15% year-over-year to $1.47 billion, but came in a tick better than expected.

For the current quarter, Onsemi sees adjusted EPS between $0.54 and $0.64 on revenue between $1.465 billion and $1.565 billion. Analysts were looking for $0.58 and $1.495 billion, respectively.

“We are beginning to see signs of stabilization across our end markets, and we remain well-positioned to benefit from a market recovery,” Onsemi CEO Hassane El-Khoury said in the company’s earnings release.

Onsemi’s automotive revenue fell 4% quarter-over-quarter to $733 million.

Asked about headwinds in the automotive sector on the company’s call with analysts, El-Khoury said that “both Europe and North America are weak,” and that he believes “there’s a lot of uncertainty in the automotive market,” according to an AlphaSense transcript.

Asked for further comment, El-Khoury said, “You have the tariff and you have just the general uncertainty of end market demand. So you see customers waiting to the last minute to place an order and an end.”

ON Semiconductor shares were down 13% in recent trading.

–Aaron Rennie

IDEXX Lab Stock Soars to Pace S&P 500 Gainers

13 hr 17 min ago

Shares of IDEXX Laboratories (IDXX) jumped Monday after the pet health care company reported better-than-expected second-quarter results and raised its 2025 profit and revenue forecasts.

The Westbrook, Maine-based firm posted GAAP earnings per share of $3.63 on revenue that increased 11% year-over-year to $1.11 billion. Analysts surveyed by Visible Alpha had expected $3.30 and $1.06 billion, respectively.

IDEXX lifted its full-year EPS projection to a range of $12.40 to $12.76 from the prior $11.93 to $12.43. It also raised its revenue outlook to $4.205 billion to $4.280 billion from $4.095 billion to $4.210 billion.

“Our focus on helping veterinarians gain deeper diagnostic insights to inform patient care continues to drive customer loyalty and sets a solid foundation for sustained long-term growth,” IDEXX CEO Jay Mazelsky said.

The stock was up 26% recently, leading S&P 500 advancers. With today’s surge, IDEXX Laboratories shares have added more than 60% of their value in 2025.

–Aaron Rennie

Tesla Approves Musk Stock Award Worth $29B

14 hr 54 min ago

The world’s richest man just got a lot richer.

In a regulatory filing, Tesla (TSLA) reported that CEO Elon Musk would receive 96 million shares of restricted stock as part of an “Interim Award” under the electric vehicle maker’s 2019 Equity Incentive Plan. At Friday’s closing price of $302.63, that would value the agreement at about $29 billion.

The company noted the decision came after the board earlier this year “established a special committee … to consider certain compensation matters involving Elon Musk.” That committee, consisting of disinterested directors Robyn Denholm and Kathleen Wilson-Thompson, made the recommendation, which was approved by the board yesterday.

Tesla noted the stock will vest two years from now, providing Musk remains CEO or holds another key executive position, and he will have to pay $23.34 per share for them. However, he will forfeit all the award if the courts eventually decide he can receive the estimated $56 billion pay package from 2018 that was approved by shareholders. A Delaware judge struck down that deal, agreeing with plaintiffs who argued that it was excessive. 

Tesla shares were up nearly 2% in midday trading Monday, but they’ve lost nearly a quarter of their value year-to-date.

–Bill McColl

What Analysts Think of Palantir Stock Ahead of Earnings

16 hr 10 min ago

Palantir Technologies (PLTR) is scheduled to report second-quarter results after the closing bell Monday, with analysts divided on one of 2025’s hottest stocks.

Shares of Palantir have more than doubled in price this year, leading the best-performing S&P 500 companies, as the company’s AI software has become a mainstay, particularly within U.S. government agencies.

However, Wall Street largely has been wary of the meteoric rise. The consensus price target among analysts tracked by Visible Alpha is just over $107—roughly 30% lower than Palantir’s Friday close above $154.

Just two out of 12 analysts have a “buy” or equivalent rating for Palantir stock, alongside seven “hold” ratings and three “sell” recommendations, according to Visible Alpha data. One such bull is Wedbush Securities, which last month lifted its Palantir price target to $160. To hear Wedbush analyst Dan Ives tell it, the Street has it wrong.

“We believe the Street is underestimating the $1 billion+ revenue stream that [Palantir’s Artificial Intelligence Platform] US commercial business can evolve into over the next few years and the technology competitive moat that [CEO Alex] Karp & Co. have built,” Wedbush said.

For the second quarter, analysts expect Palantir to report revenue of $939.6 million, up 39% year-over-year, and adjusted earnings per share of 14 cents, rising from 9 cents a year earlier.

Palantir shares were up about 3% in recent trading.

–Andrew Kessel

Amazon Levels to Watch After Post-Earnings Slide

17 hr 16 min ago

Amazon (AMZN) shares are in focus to start the week after plunging Friday as quarterly results from the e-commerce and cloud provider failed to impress investors.

While the company posted growth in its Amazon Web Services business, investors may have expected more after rivals Microsoft (MSFT) and Google parent Alphabet (GOOGL) recently reported strong results in their cloud units. The company’s AWS revenue grew 17.5% in its latest quarter, well below Microsoft’s Azure growth of 39% and trailing the 32% sales increase in Google Cloud Platform.2 Following the results, analysts at Jefferies said that AWS growth was “disappointing given big momentum at Azure and GPC.” 

Amazon shares fell 8% to just close Friday’s session at just below $215, pushing the stock into negative territory for the year. Some analysts raised their price targets on Amazon following the earnings report, with those at JPMorgan analysts saying they “would buy the pullback.”

Since setting their early-April low, Amazon shares had trended higher within a rising wedge, a move that coincided with the 50-day moving average (MA) recently crossing above the 200-day MA to form a bullish golden cross.

However, the stock’s upward momentum ended abruptly Friday, with the price closing below the rising wedge pattern’s lower trendline, potentially laying the groundwork for further selling.

Investors should watch key support levels on Amazon’s chart around $199, $190 and $175, while also monitoring a major overhead area near $233.

The stock was up slightly at around $215.50 in recent trading.

Read the full technical analysis piece here.

–Timothy Smith

Stock Index Futures Point to Higher Open

18 hr 56 min ago

Futures tied to the Dow Jones Industrial Average were up 0.5%.

S&P 500 futures also gained 0.5%.

Nasdaq 100 futures rose 0.7%.