Largest S&P 500 Movers on Monday
53 minutes in the past
Advancers
- Pure fuel futures costs pushed 4% larger, with analysts pointing to indications of tightening out there together with a decline in manufacturing and an uptick in implied weather-driven demand. Shares of pure fuel producer and pipeline operator EQT Corp. (EQT) superior 5.3%, securing the S&P 500’s high efficiency on Monday. Analysts at RBC Capital, Jefferies and Scotiabank lifted their worth targets on EQT’s inventory final week.
- Autodesk (ADSK) shares gained greater than 5% following reviews that the corporate is no longer pursuing an acquisition of engineering design software program competitor PTC (PTC). Autodesk inventory got here below strain late final week after Bloomberg reported that the corporate was discussing a potential cash-and-stock buy of its rival. Nonetheless, Autodesk stated in a regulatory submitting that it could stay targeted on its technique, which could embrace “focused and tuck-in acquisitions,” with no direct point out of PTC. Shares of PTC slipped 1.3%.
- Shares of information analytics software program supplier Palantir Applied sciences (PLTR) jumped 5%, ending at an all-time excessive. Towards the top of final week, Wedbush boosted its price target on Palantir inventory, saying the corporate may very well be a main beneficiary from the anticipated surge in spending on synthetic intelligence expertise. The analysts consider traders may very well be underestimating the potential income stream from Palantir’s Synthetic Intelligence Platform, or AIP, which Wedbush pegs at $1 billion or extra.
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Decliners
- Laboratory instrument producer Waters (WAT) introduced a deal to buy the Biosciences & Diagnostic Solutions division of Becton Dickinson (BDX) in a $17.5 billion Reverse Morris Trust transaction. The acquisition, of a enterprise that makes merchandise for treating infectious ailments and most cancers, guarantees to spice up scale and enhance the overall addressable marketplace for Waters, however analysts pointed to execution and integration dangers. Waters shares plunged 13.8%, essentially the most of any inventory within the S&P 500.
- Shares of reminiscence chipmaker Micron Expertise (MU) slipped 4.8%. Edgewater Analysis indicated that pricing and demand for pc reminiscence chips may very well be under seasonal traits within the second half of 2025. Shares of Micron rival SanDisk (SNDK) tumbled 7.8%.
- Constellation Manufacturers (STZ) shares sank 4.4% as traders grappled with the newest intensification of commerce tensions and tariff information. The beer, wine, and spirits maker relies on aluminum cans for its packaging, significantly in terms of its well-liked Mexican beer manufacturers Corona and Modelo. Firstly of June, Constellation indicated that aluminum tariffs would price the corporate roughly $20 million all through the remainder of its fiscal yr.
What Analysts Are Watching as Earnings Season Kicks Off
1 hr 30 min in the past
The large-bank earnings reviews due this week mark the quasi-official begin to the second-quarter earnings season. Analysts count on development, however they’re additionally eyeing the results of tariffs as President Donald Trump’s commerce coverage continues to evolve.
The numbers are touchdown with lots already on traders’ minds, from ongoing trade-policy drama to questions concerning the path ahead for rates of interest.
Huge banks together with JPMorgan Chase (JPM) and Morgan Stanley (MS) may provide perception into shopper well being and the urge for food for offers. Different firms that can doubtless provide clues about broader themes embrace consumables large PepsiCo (PEP) and chipmaker TSMC (TSM). Netflix (NFLX) can also be set to report, making it the primary of the “FANG” (and, for that matter, “FAANG“) shares to ship its numbers.
Listed here are three themes to observe for as outcomes for the quarter—masking April by means of June most often—begin to roll in.
Analysts are on the lookout for development. S&P 500 EPS is seen rising 4.1% year-over-year, in response to a latest report from UBS; firms which have already reported their numbers, the financial institution noticed in late June, have crushed estimates by extra, on common, than the longer-term pattern.
Traditionally, UBS stated, expectations “begin too excessive, are adjusted decrease heading into reporting season, and will are available in barely larger vs. expectations.”
S&P 500 firms reported double-digit year-over-year earnings development within the first quarter for a second-straight interval, in response to FactSet.
There are additionally indicators of warning. Wall Road analysts minimize their estimates for S&P 500 firms’ earnings greater than typical through the second quarter, in response to a FactSet evaluation revealed July 3.
The mixed bottom-up earnings-per-share estimate for the businesses within the index fell greater than 4% between the top of March and the top of June, FactSet stated, greater than the typical seen prior to now 5, 10, or 15 years. (It was in keeping with the typical for the previous 20 years.)
Trump’s tariffs are prone to be a sizzling subject. Deutsche Financial institution analysts on July 7 estimated that tariffs will ding second-quarter earnings for the S&P 500 by about 2 proportion factors, with the “hit” prone to enhance within the second half of the yr.
Corporations with “concentrated tariff results” account for a few quarter of S&P 500 earnings, in response to Deutsche Financial institution. Goldman Sachs economists count on firms to move 70% of direct prices related to tariffs to shoppers within the type of larger costs.
“Financial fundamentals seem stable at this juncture, however uncertainty is pervasive,” Nationwide Retail Federation Chief Economist Jack Kleinhenz stated final week. “Everyone seems to be sorting by means of what the tariff charges are going to be, how they are going to affect inflation for retail products and, importantly, how lengthy they are going to be in place.”
UBS Analysts Says Tesla Inventory Stays Overvalued
2 hr 5 min in the past
UBS analysts stated Monday that shares of EV maker Tesla (TSLA), which is because of report second-quarter earnings subsequent week, stay “basically overvalued.”
“We see deteriorating fundamentals within the auto enterprise, the removing of 100% margin credit score income, doubtless unfavourable revisions to estimates, and a CEO that’s arguably distracted from the business (or a minimum of will not be as targeted on the corporate as traders would really like),” the analysts wrote in a observe previewing earnings throughout the auto trade.
With their “promote” ranking and $215 worth goal, UBS analysts are extra bearish than most of Wall Road. In distinction, the inventory has eight “purchase,” 5 “maintain,” and 4 “promote” rankings among the many brokers tracked by Seen Alpha, and a mean consensus worth goal simply shy of $300.
Tesla shares closed about 1% larger on Monday at round $317. The inventory has misplaced greater than a fifth of its worth because the begin of the yr.
Tim Goessman / Bloomberg / Getty Photos
The united statesanalysts stated they count on Tesla’s second-quarter earnings to be in keeping with estimates after deliveries fell short. They stated that whereas they’ve their considerations, they acknowledge that Tesla is “maybe the last word story-narrative-momentum-meme inventory.”
They stated subsequent week’s convention name will doubtless be minimally targeted on demand for Tesla’s cars, with CEO Elon Musk extra prone to concentrate on last month’s robotaxi launch and progress for its Optimus robot. For Tesla’s auto enterprise, analysts count on updates on the extra reasonably priced Tesla mannequin, which was originally scheduled to launch within the first half of the year, together with the corporate’s ideas on the disappearance of EV tax credit and the way this might affect Tesla’s margins.
Kenvue CEO Departs Amid Strategic Overview
2 hr 42 min in the past
The CEO of Tylenol maker Kenvue (KVUE) has left the corporate as a part of an inner overview of the corporate’s operations.
The corporate, which additionally owns manufacturers together with Band-Help, Johnson’s, Aveeno, Neutrogena, and Listerine, stated Thibaut Mongon has stepped down as the corporate’s chief govt and departed its board of administrators. He has been succeeded in an interim capability by Kirk Perry, a member of the board of administrators.
Shares of Kenvue completed Monday’s session up 2.2%.
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As a part of the continuing strategic overview, Kenvue beforehand changed its chief monetary officer in Might. The corporate, spun off from Johnson & Johnson (JNJ) in 2023, can also be contemplating streamlining its model portfolio, Chairman Larry Merlo stated.
In the meantime, Kenvue issued preliminary monetary outcomes for the second quarter ended June 29. The corporate expects to report adjusted earnings per share of 28 cents to 29 cents, which matches the consensus expectation of analysts tracked by Seen Alpha.
Waters Buys Becton Dickinson Unit for $17.5 Billion
3 hr 27 min in the past
Waters (WAT) shares tumbled Monday after the analytics devices maker stated it plans to purchase Becton Dickinson’s (BDX) Biosciences & Diagnostic Options enterprise in a Reverse Morris Trust transaction valued at $17.5 billion.
Waters stated the settlement will double its whole addressable marketplace for liquid chromatography, mass spectrometry, move cytometry, and diagnostic options, in addition to enhance its recurring revenue, and supply different advantages.
Chair Dr. Flemming Ornskov stated because the board thought of the merger, “it grew to become evident that combining with BD’s Biosciences & Diagnostic Options enterprise is a superb strategic match with complementary strengths.” He added that Waters believes the deal will “speed up our technique in a number of excessive development markets and ship substantial near- and long-term worth to our shareholders.”
Below the phrases of what’s anticipated to be a tax-free transaction, Becton Dickinson’s division can be spun off to its shareholders whereas concurrently merged with a wholly-owned subsidiary of Waters. Waters traders will maintain 60.8% of the mixed agency, with Becton Dickinson shareholders the opposite 39.2%. It’s anticipated to be accomplished within the first quarter of subsequent yr.
Shares of Waters had been down 12% in latest buying and selling, whereas Becton Dickinson rose fractionally.
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What to Anticipate From Tuesday’s Inflation Report
4 hr 39 min in the past
To date, the affect of President Donald Trump’s marketing campaign of steep tariffs towards U.S. buying and selling companions has been tough to identify in exhausting financial information, however which may be about to alter.
A report on the Client Value Index is anticipated to point out a notable uptick in inflation, in response to a survey of economists by a survey of economists by Dow Jones Newswires and The Wall Road Journal. The consensus forecast requires the CPI to have risen 2.7% over the yr in June, up from a 2.4% enhance in Might. “Core” CPI, which excludes the unstable costs for meals and power, is forecast to have risen 3% over the yr, up from 2.8% in Might.
An uptick in keeping with expectations may give ammunition to consultants who’ve predicted Trump’s heavy import taxes would show up in price tags sooner or later, as producers, importers, and retailers move the price of the duties down the provision chain. Trump has imposed quite a few tariffs since taking workplace, together with a ten% tariff on most imported merchandise, a 25% tariff on overseas automobiles, and tariffs over 50% towards Chinese language merchandise.
“The tariff enhance to shopper costs can be simple in June’s information,” economists at Pantheon Macroeconomics, led by Samuel Tombs, wrote in a commentary.
To make certain, economists should not united in that expectation.
“Sure tariff-sensitive elements doubtless rose in June, however the general affect from tariffs remained restricted,” analysts at Nomura led by Aichi Amemiya wrote in a commentary. “We preserve our medium-term outlook that tariffs will doubtless exert extra inflationary pressures later this yr, however the timing of an inflation acceleration stays unsure.”
The report may have implications for the Federal Reserve, which meets on the finish of the month to set rates of interest. Fed officers have stored their influential rate of interest larger than typical to quash inflation, and have avoided reducing it regardless of a number of months of comparatively gentle inflation reviews, out of concern {that a} hit from tariffs is coming.
“We count on the June CPI report to point out inflation starting to strengthen once more, albeit not sufficient to alarm Fed officers at this juncture,” Sarah Home and Nicole Cervi, economists at Wells Fargo Securities, wrote in a commentary.
Autodesk Jumps on Report Firm Backs Off PTC Bid
5 hr 15 min in the past
Autodesk (ADSK) shares surged Monday following a report the corporate is not trying to buy rival design software program maker PTC (PTC).
The inventory was up shut to six% in latest buying and selling, whereas PTC shares fell 2%.
Bloomberg reported that it was doubtless Autodesk backed down due to the worth, monetary constraints, and opposition from activist investor Starboard Worth, which it famous took a stake within the firm earlier this yr and pushed for modifications.
Autodesk wrote in a regulatory submitting that it could stay targeted on its technique, together with “focused and tuck-in acquisitions.” It didn’t immediately point out PTC.
Final Thursday, Autodesk shares slumped and PTC shares jumped on a report Autodesk was speaking with advisers to guage a potential cash-and-stock buy of PTC.
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Autodesk shares had been the highest gainers within the S&P 500 this afternoon.
Crypto Asset Supervisor Grayscale Recordsdata for IPO
6 hr 19 min in the past
Grayscale, a cryptocurrency asset supervisor, stated Monday it filed confidentially with the Securities and Alternate Fee to go public within the U.S.
The corporate operates quite a lot of crypto trade traded funds, together with a spot Bitcoin ETF that gives traders publicity to bitcoin’s worth motion with out proudly owning any of the coin itself. Grayscale provides greater than 35 funding merchandise and manages over $33 billion in property, in response to its web site.
Grayscale’s submitting comes after the vastly profitable itemizing final month from stablecoin issuer Circle web Group (CRCL), shares of which have soared greater than sixfold from their $31 preliminary public providing worth. Gemini, a crypto trade based by Cameron and Tyler Winklevoss, and Bullish, an trade backed by Peter Thiel, have additionally just lately filed to go public.
Why Bitcoin Retains Hitting Document Highs
6 hr 59 min in the past
Bitcoin (BTCUSD) smashed one other file, rising above $123,000 Monday earlier than giving up a few of these positive aspects.
What’s powering the world’s largest cryptocurrency to new highs? Institutional shopping for from bitcoin treasury firms like Technique (previously MicroStrategy) and spot bitcoin exchange-traded funds (ETFs) in addition to optimism round “Crypto Week.”
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After taking per week off from its typical Monday buy bulletins, Technique (MSTR) revealed that it purchased 4,225 extra bitcoin over the week ending July 13 for $472.5 million. This takes it whole bitcoin holdings to 601,550. These most up-to-date purchases had been made with funds raised by means of the corporate’s at-the-market providing applications.
Spot bitcoin ETFs had been additionally extraordinarily energetic late final week as traders poured cash into them. These merchandise maintain bitcoin because the underlying asset, and must buy extra of it as extra traders purchase the ETF, in flip pushing bitcoin costs larger. Spot bitcoin ETFs noticed $1 billion price of web inflows on Thursday and Friday, in response to information from Farside Traders. Complete inflows for final week stood at roughly $2.7 billion, with Blackrock’s iShares Bitcoin Belief (IBIT) garbbing most of that cash.
One other doubtless driver for rising bitcoin costs is the optimism round regulatory readability that would consequence from what lawmakers dubbed as “Crypto Week.” The U.S. Home of Representatives is anticipated to vote on three crypto-related payments— the CLARITY Act, Anti-CBDC Surveillance Act, and GENIUS Act. The CLARITY Act is meant to offer clearer tips for the regulatory classification of assorted digital property, whereas the GENIUS Act gives a regulatory framework particularly for stablecoins.
“The large affect of ‘Crypto Week’ laws can be decreased threat and draw back volatility within the crypto market,” Bitwise CIO Matt Hougan posted on X. “FTX, Luna, Celsius, and different scandals occurred largely as a result of we refused to offer cheap laws. IMO 70%+ drawdowns are a factor of the previous.”
Boeing Inches Greater After Air India Crash Report
8 hr 15 min in the past
Boeing (BA) shares are barely larger to start out the week after a preliminary report was launched over the weekend concerning the reason for last month’s Air India crash that killed greater than 250 individuals on board and on the bottom.
The excellent news for Boeing and GE Aerospace (GE), which made the engines on the Boeing 787 that crashed, is that the preliminary report from an Indian security regulatory didn’t suggest actions to repair any issues of safety for operators or producers of the Boeing airplane and GE engines.
The report discovered that the doubtless reason for the crash was the 2 gasoline cutoff switches being moved from the “run” place to the “cutoff” place, halting the move of gasoline to the plane’s engines. It stays unclear how or why the switches had been moved, as one pilot was heard asking the opposite why the switches had been turned off, to which the opposite pilot responded that he didn’t transfer the switches, the report stated.
Each switches had been moved again to the proper place, placing gasoline again into the engines, however the report stated the change was made too late for the airplane to regain altitude earlier than it made contact with timber and buildings on the bottom.
The time from when the airplane reached its highest velocity and the switches had been flipped to when the cockpit recording stopped on the time of the crash was about 30 seconds, per the report.
Additionally over the weekend, the Federal Aviation Administration and Boeing instructed airways that there have been no issues of safety with the way in which the gasoline swap locks are at present designed, in response to Reuters and the BBC. In December 2018, the FAA really helpful however didn’t mandate that airways examine the switches to make sure that they might not be moved unintentionally.
Boeing and GE Aerospace shares had been up 0.5% and 1.5%, respectively, in latest buying and selling.
Netflix Ranges to Watch as Earnings Set for Thursday
9 hr 9 min in the past
Netflix (NFLX) shares are in focus this week because the streaming giant will get set to put up its quarterly outcomes after markets shut on Thursday.
Given the corporate not reviews its subscriber numbers, traders can be monitoring if latest subscription worth will increase and increasing promoting gross sales have continued to spice up revenue growth. Traders may even preserve an in depth eye on the streamer’s full-year outlook, waiting for indicators that customers may very well be pulling again on nonessential spending amid financial uncertainty.
Coming into this week, Netflix shares had risen 40% because the begin of the yr and practically doubled over the previous 12 months, boosted partially by the corporate rising its promoting income and increasing its footprint into live event content material. The inventory was up about 1% at $1,260 in early buying and selling Monday.
After operating into promoting strain close to the highest trendline of an ascending channel, Netflix shares have continued to maneuver decrease, breaking down under the sample’s decrease trendline late final week.
Whereas trading volume stays common, the inventory’s latest transfer has coincided with the relative strength index slipping under its impartial threshold, signaling weakening worth momentum.
Traders ought to watch key decrease ranges on the Netflix chart round $1,200, $1,110 and $1,065, whereas additionally monitoring an essential overhead space close to $1,340.
Learn the total technical analysis piece here.
Fastenal Shares Rise on Sturdy Outcomes
10 hr 26 min in the past
Industrial provider Fastenal (FAST) posted a stable earnings report early Monday, opening a busy week of earnings set to be dominated by large banks and tech giants like Netflix (NFLX),
Fastenal, maker of a wide range of fasteners and instruments, reported second-quarter income of $2.08 billion, together with earnings per share of $0.29, narrowly topping estimates of $2.07 billion and $0.28 per share respectively, per Seen Alpha. Gross sales and earnings rose from the same time a year ago.
Fastenal credited its growing gross sales to “improved buyer contract signings over the past six quarters,” because it added that “market situations remained sluggish offering minimal contribution.”
Shares of Fastenal, which just lately underwent a two-for-one inventory cut up and set a file excessive final week, had been up 4% in latest premarket buying and selling. They entered the day up 20% because the begin of this yr.
Main Index Futures Barely Decrease
11 hr 4 min in the past
Futures tied to the Dow Jones Industrial Common had been down 0.2% just lately.
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S&P 500 futures slipped 0.3%.
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Nasdaq 100 futures had been additionally off 0.3%.
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