Key Movers in the S&P 500 on Monday
Latest Update: 20 minutes ago
Stocks on the Decline
- Keurig Dr Pepper (KDP) saw its shares plummet by 11.5%, marking the largest decline in the S&P 500. This drop followed the announcement that the company plans to acquire JDE Peet’s, a Netherlands-based coffee company, and split its coffee and beverage divisions. Analysts have expressed concern, noting this could lead to increased debt due to the $18 billion acquisition.
- DexCom (DXCM) shares fell 7.7% despite reporting impressive sales and earnings in July. The company’s adjusted gross margin dipped compared to last year, reflecting heightened research and development costs.
- Shares of Moderna (MRNA) decreased by 6.5%, pressured by speculation about potential bans on COVID vaccines as stated by Human Services Secretary Robert F. Kennedy Jr. and former President Donald Trump.
Stocks on the Rise
- Deckers Outdoor (DECK) shares experienced a 3.6% increase, attributed to new product launches and collaborations, notably with designer Sean Wotherspoon.
- Crude oil futures climbed as concerns over Ukrainian attacks on Russian oil facilities intensified. Shares of APA Corp (APA) rose by 3.3%.
- Seagate Technology (STX) saw a 3% increase after Cantor Fitzgerald maintained an “overweight” rating, citing favorable demand dynamics for their products.
Analysts Raise Price Targets for Nvidia Ahead of Earnings
Latest Update: 1 hour ago
Nvidia’s stock (NVDA) has soared due to surging demand for AI, positioning it as the world’s most valuable company. Analysts are optimistic about further price increases.
In anticipation of the company’s earnings report due Wednesday, Baird has raised its price target from $195 to $225, while Stifel increased its target from $202 to $212.
Among 14 analysts surveyed, 10 have targets ranging from $200 to $225. Only one expects a decline to $155, while the stock closed near $180, accruing over a 33% increase in value this year.
Intel’s Stock Reaction to Government Stake
Latest Update: 2 hours ago
Intel (INTC) shares fluctuated after soaring last Friday due to news of the U.S. government’s 10% stake acquisition in the company.
After a notable surge, Intel’s shares dipped 1%, settling at $24.55 despite a 23% gain since the start of the year. Analysts view President Trump’s involvement as beneficial to Intel’s turnaround prospects.
Traders Brace for Nvidia’s Earnings Report
Latest Update: 3 hours ago
Nvidia (NVDA) is expected to report quarterly earnings after the market closes on Wednesday. Traders anticipate a significant movement of approximately 6.5% either way, which could yield a price between $189.65 and $166.33.
Despite high expectations over the past year, Nvidia’s earnings have struggled to meet Wall Street’s high bar. Analysts remain optimistic, expecting updates on AI demand and sales to China in the upcoming report.
A Look at American Eagle’s Performance Post-Sydney Sweeney Campaign
Latest Update: 4 hours ago
American Eagle Outfitters (AEO) is grappling with sustaining investor interest after its successful marketing campaign featuring Sydney Sweeney. After a recent dip in stock prices, the shares ended Friday at $12.85.
Despite the boost from the campaign, Bank of America analysts issued a bearish rating with a target of $10, highlighting risks that recent momentum may not sustain long-term growth.
Trump’s Ambitions for More Stake Deals Like Intel
Latest Update: 5 hours ago
President Trump expressed intentions to pursue additional deals similar to the recent agreement with Intel, where the government acquired a 10% stake in the company. He emphasized the financial benefits such arrangements bring to the U.S.
In response to the news, Intel shares experienced a slight increase, showcasing growing optimism regarding the company’s future prospects.
