Biggest S&P 500 Movers on Monday
6 hr 8 min ago
Decliners
- Zimmer Biomet (ZBH) shares plunged nearly 12%, easily losing the most of any stock in the S&P 500 on Monday. The producer of orthopedic implants, known for its artificial knee and hip joints, reduced its earnings outlook for 2025, noting that tariffs could drag down operating profits by $60 million to $80 million over the full year. The company indicated that it is exploring options to mitigate the potential tariff impact, including possible shifts in the countries where it sources and manufactures its products.
- Although ON Semiconductor (ON) topped first-quarter profit estimates and essentially matched sales expectations, the power and sensing chipmaker’s revenue fell 22% year-over-year, reflecting softness in automotive markets. The company noted that it faces macroeconomic challenges and anticipated price declines in parts of its business. Onsemi shares fell 8.4%.
- Tyson Foods (TSN) reported lower-than-expected sales for its fiscal second quarter, and shares of the chicken, pork, and beef processor dropped 7.8%. Tyson pointed to a significant earnings impact from setting aside approximately $340 million related to the settlement of an antitrust investigation regarding alleged price-fixing in the pork industry. Although adjusted earnings per share for the period exceeded expectations, the company also provided relatively underwhelming full-year sales guidance.
Advancers
- Shares of internet domain provider GoDaddy (GDDY) advanced 3.4%, securing the S&P 500’s top daily performance. With Monday’s gains, GoDaddy stock clawed back a portion of the steep losses posted Friday in the wake of the company’s quarterly earnings release. Although the web hosting company fell short of expectations on annual recurring revenue and analysts raised concerns about its valuation, GoDaddy’s revenue and EPS topped estimates.
- EQT Corp. (EQT) shares jumped 3.2% after UBS upgraded the natural gas producer’s stock to “buy” from “neutral” and lifted its price target. Analysts highlighted a positive outlook for natural gas in coming years, robust revenue growth and gross profit margins, and operational strength following EQT’s acquisition of pipeline operator Equitrans Midstream Corporation.
Kevin Carter / Getty Images)
- Oil prices moved lower as major producers agreed to additional output increases. The likelihood of lower jet fuel costs helped boost airline stocks. Shares of Delta Air Lines (DAL) gained 3%.
Palantir Slides Despite Surging Revenue, Rosy Outlook
6 hr 36 min ago
Palantir (PLTR) reported quarterly revenue that beat analysts’ expectations and raised its full-year outlook on strong demand for its AI software.
It wasn’t enough to impress investors. Palantir shares, which had gained 64% so far in 2025 through the close of the regular session on Monday, were down more than 8% in recent after-hours trading.
The data analytics software provider reported first-quarter revenue of $884 million, up 39% year-over-year and above the analyst consensus from Visible Alpha. Adjusted earnings per share of 13 cents, rose from 8 cents per share a year earlier, in line with Wall Street’s estimates.
Palantir projected second-quarter sales of $934 million to $938 million, and full-year revenue of $3.89 billion to $3.9 billion, up from $3.74 billion to $3.76 billion previously. Wall Street analysts had called for $898.16 million for the second quarter and $3.75 billion for the full year.
“The rush towards large language models, as well as the foundational software architecture that is capable of making them valuable to large organizations, has turned into a stampede,” CEO Alex Karp said in a letter to shareholders.
“We believe our results are indicative of a revolution sweeping across our business and industry,” he said.
Ford Suspends Its Outlook Amid Tariff Worries
7 hr 3 min ago
Ford (F) reported first-quarter earnings that topped analysts’ expectations but suspended its full-year forecast amid worries about an uncertain auto tariff environment.
Ford said it expects to take a $1.5 billion hit to its adjusted earnings before interest and taxes this year related to tariffs, and suspended its full-year outlook, pointing to “potential for industrywide supply chain disruption.”
Bing Guan / Bloomberg / Getty Images
The company reported adjusted earnings per share of 14 cents for the first quarter, down 71% year-over-year, on revenue that fell 5% to $40.7 billion. Analysts were expecting a loss of 1 cent per share on revenue of $38.49 million, according to the consensus compiled by Visible Alpha.
Last week, rival Detroit automaker General Motors (GM) slashed its outlook, warning that the Trump administration’s auto tariffs could have a $4 billion to $5 billion impact on its full-year profit. While Ford and GM produce most of their cars in the U.S., many parts used to build them are imported.
Ford shares fell about 3% in after-hours trading. The stock has lost close to a fifth of its value over the past 12 months through Monday’s close.
Trading Platform eToro Sets Sights on $4B IPO Valuation
7 hr 23 min ago
Online retail trading platform eToro is targeting a valuation of roughly $4 billion with its planned initial public offering, according to a Monday regulatory filing.
The Israel-based company plans to offer 10 million shares at a price between $46 and $50, which would raise gross proceeds of up to $500 million. A $50 price would value the company at about $4 billion, the filing said.
The move comes after eToro delayed IPO investor presentations last month in response to tariff-related market volatility, according to a Reuters report.
The financial services company reported commissions of $931 million in 2024 on net income of $192 million, rising from $639 million in commissions on net income of $15 million the year before. A big reason for that was an increase in crypto assets trading, which made up 38% of eToro’s commissions in 2024, more than doubling from 2023, according to its IPO filing.
The expected IPO is not eToro’s first attempt at going public. The company in 2021 said it planned to merge with a special purpose acquisition company in a deal that would have valued it at more than $10 billion, but the transaction was abandoned more than a year later
Onsemi Leads Nasdaq Decliners After Earnings
8 hr 17 min ago
ON Semiconductor (ON) shares tumbled Monday after the maker of power and sensing technology chips reported a drop in sales and warned about pricing as it dealt with a “challenging macroeconomic environment.”
The company’s first-quarter revenue slumped 22% year-over-year to $1.45 billion, roughly in line with analysts’ estimates, as all three of its business segments posted declines. Automotive sales dropped 26%, and during the call with investors, CEO Hassane El-Khoury said “customers remain cautious,” according to a transcript provided by Alpha Sense.
The CEO noted that while the company has “used pricing to defend or increase share in strategic areas over the long-term,” it expects a low-single-digit percent decline in certain parts of its business.
Onsemi’s adjusted earnings per share (EPS) of $0.55 topped analysts’ estimates and its free cash flow soared 74.7% to $454.7 million, which El-Khoury attributed to “managing our cost structure, right-sizing our manufacturing footprint, and rationalizing our portfolio.”
Onsemi said it sees current-quarter EPS of $0.48 to $0.58, and revenue of $1.4 billion to $1.5 billion. Analysts were looking for $0.52 and $1.41 billion, respectively.
Citi analysts, who reiterated a “neutral” rating and $40 price target for the stock Monday, said Onsemi posted “decent” results, but that they “continue to expect cuts to guidance in 2H25 due to a recession, just like many other companies.”
Shares of Onsemi closed more than 8% lower to lead Nasdaq decliners on Monday. The stock has lost close to 40% of its value since the start of the year.
Tesla Stock Slides as Post-Earnings Rally Loses Steam
8 hr 37 min ago
Tesla (TSLA) shares fell as this week’s trading opened, perhaps denting the stock’s chances to rise for a third consecutive week.
Shares rose less than 1% last week following a surge the week before. Tesla last month reported first-quarter results that missed estimates, but CEO Elon Musk’s stated intention to spend more time at the electric vehicle maker starting this month encouraged some investors. Musk also confirmed plans to launch a more affordable model later this year, and start offering paid rides in fully autonomous Teslas in Austin, Texas, in June.
An automotive industry group in Spain released monthly data on Monday that showed EV sales rose year-over-year in the country, but sales of Tesla’s Model 3 and Model Y each declined. Analysts have warned that Musk’s involvement in the Trump administration has damaged Tesla’s brand and alienated potential customers in the U.S. and internationally.
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Tesla shares were down more than 2% in late trading Monday. They are off roughly 30% since the start of the year.
Jefferies analysts in a Monday note kept their “hold” rating and $300 price target, saying the company is “difficult” to value, but noted that Musk’s “long-term strategic vision, from AI to X and robotics, does provide a glue for what looks like a [venture capital] fund of separable business units.”
The analysts also said they believe the CEO’s involvement in the Trump administration has “caused more damage to Musk’s personal brand than to TSLA, which has grown much bigger than Musk himself.”
Earnings Are Pretty Strong. Why Are Investors Antsy?
9 hr 49 min ago
Earnings have been strong. Not everyone’s happy about it.
Nearly three-quarters of S&P 500 companies had turned in first-quarter results through Friday, according to FactSet, which in a note last week said that earnings for the index as a whole are on track—based on a “blended” number that reflects numbers already reported and Wall Street’s expectations for those that remain—to rise nearly 13% year-over-year.
Still, some investors are wary. Investors have so far bid up shares of companies that have reported guidance better than the Street expected, according to Bank of America research, but companies have been rewarded less than is typical for stronger-than-expected results, and misses have been more harshly punished than in recent years.
The percentage of companies beating earnings estimates, meanwhile, is higher than the historical average, but that of sales beats is lower, Bank of America said.
Many companies are withdrawing forecasts entirely. One of the latest examples came today: engine maker Cummins (CMI), which cited uncertainty about the direction of Trump administration trade policy. (Other companies have taken another tack, offering up outlooks that take into account a range of economic scenarios.)
“Companies are getting nervous about the future—so much so that they’re pulling earnings forecasts in droves,” wrote Callie Cox, chief market strategist at Ritholtz Wealth Management, in a Monday email.
Even those that aren’t withdrawing forecasts are being cautious, Goldman Sachs analysts wrote last week, while observing that an above-average share of companies that have offered full-year guidance have kept previously issued numbers in place.
“We view this dynamic partly as a reflection of [companies’] hesitancy to shift guidance due to uncertainty around tariff policy,” they wrote. “For example, some companies noted in their earnings calls that their most recent guidance does not incorporate the impact of tariffs.”
That could spell trouble in the months ahead, especially if companies are spending now to get ahead of the effects of tariffs later.
“In our reading, a combination of pre-buying and inventory rundowns should give companies a buffer of about 1 to 2 months before the tariff impacts start to bite,” Deutsche Bank analysts wrote last week. “If sustained, we see the potential impact of the announced tariffs as large and likely to fall disproportionately on US companies.”
The bulk of the Magnificent Seven‘s results are in, with only Nvidia’s (NVDA) remaining. But plenty of closely watched reports are expected this week, among them numbers from Palantir (PLTR), Advanced Micro Devices (AMD), Walt Disney (DIS) and Coinbase Global (COIN).
Traders Pricing in Big Palantir Move After Earnings
10 hr 32 min ago
Palantir Technologies (PLTR) is slated to report quarterly results after the market closes on Monday, and investors are positioning for a big stock move.
Options pricing suggests traders are expecting Palantir stock to move more than 12% in the days after Monday’s earnings report. A move higher of that magnitude would put Palantir stock at an all-time high of about $139, while a decline of the same size would drag shares down to about $108.
Palantir was the S&P 500’s best-performing stock last year when it rose 340%, and as of Friday’s close was the index’s top stock this year as well. Shares have risen more than 60% since the start of 2025, while the S&P 500 as a whole has declined a bit over 3%.
Palantir, an ascendant defense contractor, has benefited recently from both booming demand for artificial intelligence (AI) services and Washington’s new priorities. The U.S. government accounted for more than 40% of Palantir’s revenue in the fourth quarter, ostensibly making it vulnerable to President Trump and Elon Musk’s cost-cutting initiative. However, the company’s focus on AI and Trump’s desire to increase spending on immigration enforcement and the military are expected to be tailwinds for Palantir.
Jemal Countess / Getty Images / Jacob Helberg
Shares soared more than 20% after each of the company’s two most recent earnings reports. The company in both February and last November said strong demand for its AI platform drove quarterly revenue growth of 30% or more in the preceding quarters.
Wall Street expects Palantir to report revenue increased by 36% in the first quarter and adjusted earnings rose more than 60%, according to analysts who follow the company and are tracked by Visible Alpha. Though, due to the stock’s meteoric rise over the past year and a half, only one of those analysts recommends buying it at its current price.
Nonetheless, the company has developed a dedicated following of retail investors who have shown little interest in cashing out. According to analysts at Vanda Research earlier this year, Palantir is the third most popular stock among individual investors, behind only Nvidia (NVDA) and Tesla (TSLA).
Tyson Sinks as Sales Miss Estimates, Outlook Disappoints
11 hr 13 min ago
Tyson Foods (TSN) shares plunged Monday after the meat producer posted quarterly sales that missed analysts’ expectations and its outlook disappointed.
Tyson reported $13.1 billion in sales during the second quarter, roughly in line with its performance a year earlier and slightly below the consensus estimate compiled by VisibleAlpha. Sales volumes for nearly all types of protein except for chicken fell year-over-year, as prices rose for most categories.
Executives said on the company’s earnings call that sales would have grown as expected if not for the roughly $340 million Tyson set aside to cover an antitrust investigation settlement related to allegations of price-fixing in the pork industry, according to a filing with the Securities and Exchange Commission.
Tyson’s adjusted earnings per share of $0.92 rose from $0.62 a year ago, topping analysts’ projections.
The Arkansas-based company said it expects sales for the full fiscal year to come in flat to up 1% from 2024. Analysts were looking for about 0.8% growth, near the higher end of that range, according to Visible Alpha.
Tyson shares were down 7% in recent trading, dragging them into negative territory for the year.
Skechers Soars on $9.4B Deal to Go Private
12 hr 19 min ago
Skechers (SKX) shares skyrocketed Monday after the lifestyle shoe manufacturer agreed to be taken private by investment firm 3G Capital for approximately $9.4 billion.
The deal pays Skechers investors $63 for every share they own, a 27.6% premium over the stock’s closing price on Friday. In addition, shareholders have the option of receiving $57 per share plus “one unlisted, non-transferable equity unit (the “LLC Unit”) in a newly formed, privately held company that, following the closing of the transaction, will be the parent company of Skechers (the “New LLC”).”
“We believe this partnership will support our talented team as they execute their expertise to meet the needs of our consumers and customers while enabling the Company’s long-term growth,” said current Skechers CEO Robert Greenberg.
As part of the agreement, Skechers will continue to be run by Greenberg along with President Michael Greenberg and the current executive team. Skechers headquarters will remain in Manhattan Beach, Calif., where the firm was founded.
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Skechers shares were up about 25% in midday trading Monday. Despite today’s jump, the stock remains down about 8% so far in 2025.
Oil Prices Tumble as OPEC+ Agrees to Boost Output
13 hr 38 min ago
Oil prices dropped Monday, as the Organization of the Petroleum Exporting Countries and its allies agreed to boost output again in June, raising concerns about a potential oversupply at a time when markets are grappling with the uncertainties of a global trade war.
Over the weekend, OPEC+, a grouping led by Saudi Arabia and Russia, agreed to add 411,000 barrels a day next month. That decision came after the group last month agreed to add 411,000 barrels a day “equivalent to three monthly increments,” essentially speeding up its program of unwinding its output cuts.
In early March, the group affirmed plans to gradually increase crude production beginning in April, ending a voluntary program it started almost two years ago to prop up oil prices. The group had a policy of voluntary production cuts of 2.2 million barrels per day (B/D).
Brent crude futures were recently at $59.90 per barrel, while West Texas Intermediate futures, the U.S. benchmark, were at about $56.80, both down more than 2%.
The S&P 500’s energy sector index was down 1.5%, the biggest decline of any sector in the benchmark index on Monday morning.
Media Stocks Drop on News of Tariffs on Foreign-Made Films
14 hr 29 min ago
President Donald Trump said he has authorized a 100% tariff on movies made overseas, blindsiding the movie industry and media giants as he took his tariffs war beyond levies on the import of physical goods into the country.
The announcement, made by the president Sunday on his Truth Social platform, was hitting shares of media giants like Walt Disney Co. (DIS) and Netflix (NFLX) Monday morning. Shares of Disney, which reports quarterly results Wednesday, were trading down 1%, while those of Netflix were 3% lower in early trading. Warner Bros. Discovery (WBD) and Paramount Global (PARA) were each down more than 1%.
The president called tax incentives that lure production of American movies overseas a “national security threat” in a Truth Social post on Sunday and said the tariffs on all movies produced in “foreign lands” would take effect immediately. Many American movies and TV shows are made in Canada and the U.K., both of which offer tax incentives, among other places.
“The Movie Industry in America is DYING a very fast death,” Trump said. “Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within the U.S.A., are being devastated.”
“WE WANT MOVIES MADE IN AMERICA, AGAIN!” he concluded in his post, which did not name specific companies.
Netflix and Disney didn’t immediately respond to requests for comment. Industry executives were reportedly surprised by the announcement, not least because it was unclear what exactly the tariffs would entail.
The movie industry “generated a positive balance of trade in every major market in the world,” according to the Motion Picture Association latest economic impact report.
Berkshire Hathaway Levels to Watch as Buffett to Step Down
15 hr 37 min ago
Berkshire Hathaway (BRK.B) shares fell in premarket trading Monday after legendary investor Warren Buffett said on Saturday at the conglomerate’s annual meeting that he plans to step down as CEO at the end of this year.
The 94-year-old Buffett, who has headed the company for 60 years, said he will hand over the reins to Vice Chairman Greg Abel, who has long been identified by Berkshire as Buffett’s successor. Buffett’s retirement marks the end of an era that has cemented his place as an investment icon and American success story after transforming a faltering textile company into a trillion dollar conglomerate with successful businesses across many sectors.
Berkshire shares had climbed to a fresh record high on Friday before Buffett’s announcement on Saturday. As of last week’s close, the stock has gained 19% since the start of the year and trades 35% higher over the past 12 months. By comparison, the benchmark S&P 500 has lost 3% and added 11%, respectively, over the same periods.
Berkshire shares broke out above the upper trendline of an ascending triangle in Friday’s trading session, potentially setting the stage for a continuation move higher.
Meanwhile, the relative strength index (RSI) confirms bullish price momentum with a reading above the 50 threshold, though the indicator sits below overbought levels.
Measured move and bars pattern upside targets on Berkshire’s chart sit at $585 and $606, while crucial support levels lie at $519 and $490.
The stock was down about 3% at $524 ahead of Monday’s opening bell.
Major Index Futures Move Lower
15 hr 57 min ago
Futures tied to the Dow Jones Industrial Average were down 0.6%.
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S&P 500 futures were off 0.8%.
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Nasdaq 100 futures dropped 1%.
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