The biggest S&P movers on Monday

2 hours 2 minutes ago

Beneficiaries

  • Shares of Corning (GLWS&P 500 stocks rose 12 percent, after the specialty glass maker highlighted Monday’s top performance. Promoted his guidance For the current quarter. The company attributed its improved outlook to high levels of demand for its optical connectivity products, which are used in generative applications. Artificial Intelligence (AI) Application
  • Super Microcomputer (SMCI) shares jump A number of AI-related stocks rose 6.2% on Monday. The servers and data storage hardware provider has drawn intense attention from investors for its ability to capitalize on AI opportunities, with its stock price more than tripling since the start of the year. Super Micro AI maintains a leading position in the server market, with its modular design capabilities giving clients the flexibility to customize and scale their systems.
  • Intel (INTC) shares rose 6.2 percent as Melius Research highlighted the semiconductor giant’s ability to play catch-up with peers in the tech sector. Analysts suggest Intel and other “AI Laggards” underperformed in the first half of the year — including Advanced Micro Devices (AMD), apple (AAPL), and international business machines (IBM)—May set for consolidation in second half of 2024.. Intel and AMD could benefit from their chips being added to Microsoft (MSFT) instruments, especially his A new generation of AI-powered PCs. AMD shares rose 4 percent on Monday.

Those who refuse

  • Shares of Paramount Global (of the) lost 5.3%, posting the biggest losses of any S&P 500 sector after entertainment companies. Agreed to the merger agreement. with production company Skydance Media, ending months of negotiations that caused significant volatility in Paramount stock. SkyDance founder David Ellison is set to become CEO of the merged company.
  • Etsy (ETSYShares fell 5.3 percent on Monday. The online crafts marketplace recently announced that it will ban the sale of certain products that it deems inappropriate for its customer base. The e-commerce company also raised concerns this spring when first-quarter revenue fell short of expectations and warned that an acceleration in consumer discretionary spending could dampen growth.
  • Chipotle Mexican Grill (CMG) shares fell 5.2 percent. Chipotle’s share price has fluctuated since the company’s completion. 50 stock split for 1 at the end of last month. The burrito chain has also faced criticism from consumers regarding portion sizes, with a recent study by Wells Fargo analysts suggesting size discrepancies.

Michael Bromberg

Super microsurges as AI-related stocks soared.

2 hours 26 minutes ago

Super Microcomputer (SMCI) shares Increased on Monday As some Artificial Intelligence (AI)Related stocks rose to start the week.

The stock closed up 6.2% at $899.34. Super Micro shares have more than tripled year-to-date.

Trading View


Supermicrocomputers, which make server technology and hardware used in data centers, have been a big beneficiary of the AI ​​boom.

As one Nvidia (NVDA) partner, shares some of the benefits of the supermarket’s AI darling, and its hardware is found in some Nvidia data center technology—which uses Elon Musk’s AI company, xAI.

Analysts at Wanda Research have suggested that supermicrocomputers, with advanced microdevices (AMD) and Taiwan Semiconductor Manufacturing Company (TSM) as “AI proxies” that some investors may turn to if they feel Nvidia has reached the “peak of the retail boom”.

Naomi Buchanan

Why ‘AI Lagards’ Can Get in the Second Half

2 hours 48 minutes ago

Intel (INTC) and Advanced Micro Devices (AMD) the other half may increase as part of “catch-up”. Melis Research said. Companies with Apple (AAPL) and IBM (IBM), were among analysts’ “AI Laggards” in the first six months of 2024.

Analysts noted a pattern in 2023 where “underdogs” underperformed in the first half and then caught up in the second half, while some “AI winners” experienced the opposite effect.

Melius said AMD and Intel could benefit from Microsoft’s Copilot+ PCs, while Apple could benefit from the iPhone 16 upgrade cycle and IBM is positioned to take advantage of the power of infrastructure software.

Intel and AMD were the top two finishers on the Nasdaq Monday with gains of 6.2% and 4.0% respectively. The stock’s performance this year has significantly lagged AI Darling. Nvidia (NVDA), whose stock price has more than doubled.

Naomi Buchanan

Solar Edge jumps after Bank of America upgrade

5 hours 23 minutes ago

Solar Edge Technologies (SEDG) shares rose in intraday trading on Monday. An upgrade from Bank of Americawhich said the solar equipment maker will turn a profit next year and that its stock is undervalued.

BofA Securities raised its rating to “neutral” from “underperform,” although it lowered its price target to $29 from $44.1.

Strategists said the recent drop in SolarEdge’s share price was based on “unexpected worst-case inventory writedowns, lack of recovery in inventory channel congestion through 25 and inability to monetize the balance sheet.”

Bank of America expects SolarEdge to return to profitability in the first half of 2025.

Shares of SolarEdge rose more than 8% in mid-afternoon trading.

Bill McCall

Meta-Platforms Down After Record Highs

6 hours 29 minutes ago

Shares on Facebook and Instagram parent meta-platforms (Meta) were down 2% in Monday afternoon trading, after closing at a record high on Friday amid hopes that the company’s significant AI investment is starting to translate into revenue growth.

are here Important price levels to watch:

Source: TradingView.com.

Metashares have broken out of the pennant pattern, but several chart indicators point to slowing price momentum.

The measurement rule, which calculates the most recent leg distance in points before the pennant and adds that amount to the pattern’s top trend line, offers a price target of $767 at Metashares.

During the retracement, Metashares may find support around $384 and $300.

Timothy Smith

Corning Surges on Guidance Boost

7 hours 54 minutes ago

Shares of Corning (GLW) went up on Monday after the special glassmaker. Promoted his guidanceCiting the growing demand for our products used in Creative artificial intelligence (AI) applications.

The company now expects current quarterly earnings per share (EPS) at or slightly above the high end of its previous outlook of $0.42 to $0.46. It sees revenue of about $3.6 billion, up $200 million from its earlier estimate.

Shares of Corning rose more than 10 percent by midday Monday, trading at their highest level since early 2022.

Trading View


Bill McCall

Nvidia gains as analysts’ price targets rise

8 hours 45 minutes ago

Nvidia (NVDAShares climbed as of Monday. Analysts lifted their price targets. for the stock, citing “very strong” demand for the chipmaker’s upcoming Blackwell platform

Shares of Nvidia rose more than 3% to above $130 in early trading Monday before giving back some gains, after UBS analysts raised their price target for the stock to $150 from $120. While Wolf Research analysts raised their target to $150 from $125.

UBS analysts reported Supply chain Checks indicated that “demand momentum for Blackwell rack-scale systems is very strong” as Nvidia works to strengthen its supply.

He added that demand for Nvidia’s data center components is “being driven in part by improved power efficiency” amid concerns about affecting power constraints. Artificial Intelligence (AI) Computing

Naomi Buchanan

Shares of Telsa fell after last week’s big gains.

9 hours 54 minutes ago

Tesla (TSLA) shares were down more than 2 percent in early trading Monday, after the EV maker’s share price surged 27 percent last week. Back in green for the year. The rally followed a better-than-expected second quarter. Delivery report And expectations are building ahead of the company’s Robotaxis Day next month.

After a big move for the stock, These are important areas On Tesla Weekly chart To look out for.

Source: TradingView.com.

Last week, Tesla shares closed above both its 50- and 200-week moving averages and closed on a 12-month downtrend line on the most trading volume since mid-February, which market participants It shows the confidence of the purchase.

Shares of Tesla may face resistance at $299.29, $384.29, and $414.50 on the weekly chart, while possibly finding support around $205.

Timothy Smith

Stock Futures Edge Higher

11 hours ago

Futures contracts linked to the Dow Jones Industrial Average rose 0.1 percent

S&P 500 futures also rose 0.1%.

Nasdaq 100 futures rose 0.1 percent.



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