S&P 500, Nasdaq Shut at New Highs as Traders Await Extra Commerce Information, Brace for Large Tech Earnings, Fed Choice This Week

Largest S&P 500 Movers on Monday

5 hr 32 min in the past

Advancers

• Shares of server maker Tremendous Micro Pc (SMCI) surged greater than 10%, notching the S&P 500’s prime day by day efficiency. Supermicro is ready to launch its quarterly outcomes on Aug. 5. Monday’s push greater for the inventory adopted reviews that President Donald Trump has loosened restrictions on technological exports to China in a transfer to bolster commerce negotiations with the nation.
• Shares of chipmaker Superior Micro Gadgets (AMD) gained 4.3%. In keeping with reviews, AMD raised pricing on its Intuition MI350 AI chip, suggesting the corporate is assured within the capability of its high-end product to compete with choices from rival Nvidia (NVDA). UBS analysts boosted their worth goal on AMD inventory, pointing to bettering expectations for the semiconductor maker’s upcoming earnings report, slated for Aug. 5.
• Nike (NKE) shares rose 3.9% Monday after JPMorgan upgraded the footwear and attire maker’s inventory to “obese” from “impartial.” Analysts highlighted Nike’s progress on its multiyear restoration plan, which incorporates stock alignment and new efficiency merchandise, with specific alternatives surrounding subsequent 12 months’s soccer World Cup within the U.S.

Decliners

• Shares of Albemarle (ALB), the world’s largest lithium producer, suffered the heaviest decline of any S&P 500 inventory, dropping practically 11%. With the transfer decrease on Monday, Albemarle inventory gave again the beneficial properties posted over the previous week and a half after reviews that a big lithium miner in China had suspended operations, serving to alleviate issues about oversupply available in the market for the important thing battery part. Albemarle and different producers have been working to chop prices as they navigate a protracted droop in lithium costs.
• Revvity (RVTY) shares fell 8.3% following the medical machine maker’s quarterly earnings launch. Though second-quarter income and adjusted earnings per share topped consensus estimates, the maker of devices and reagents for drug discovery and different healthcare analysis lowered its full-year revenue outlook, citing anticipated softness in its immunodiagnostics enterprise in China.
• Cantor Fitzgerald downgraded Centene (CNC) inventory to “impartial” from “obese,” and shares of the well being insurer slipped 5.4%. Analysts pointed to headwinds associated to Centene’s enterprise within the healthcare trade and Medicaid markets. Originally of July, Centene withdrew its full-year steering, citing value and enrollment strain.

–Michael Bromberg

Microsoft Ranges to Watch as Earnings on Deck

6 hr 13 min in the past

Microsoft (MSFT) shares fell barely on Monday however stay close to a document excessive as buyers await the scheduled launch of the firm’s quarterly outcomes on Wednesday.

Simply as with different Magnificent Seven corporations, buyers shall be looking for updates on the tech big’s spending plans because the AI arms race amongst tech rivals intensifies. Final week, Google guardian Alphabet (GOOGL) lifted its projected 2025 capital expenditures to $85 billion, up from its prior forecast of $75 billion. 

Microsoft shares slipped 0.2% to shut Monday’s session at $512.50. The inventory has gained practically 22% because the begin of the 12 months, boosted by robust progress within the firm’s Clever Cloud phase and profitable efforts to combine AI into its Copilot chatbot and Azure cloud platform.

Since gapping decisively above the 200-day transferring common (MA) in early Could, Microsoft shares have trended steadily greater inside as ascending channel. Throughout this time, the 50-day MA crossed above the 200-day MA to type a bullish golden cross, whereas the relative power index has remained close to overbought territory to sign robust worth momentum.

It’s additionally value noting that volatility has fallen sharply within the inventory because it bottomed in early April as proven by the common true vary p.c indicator—a technical software that indicators how a lot an asset usually strikes as a proportion of its worth.

The measured transfer approach forecasts a possible upside goal of $620. Traders ought to watch essential help ranges on Microsoft’s chart round $468 and $430.

Learn the complete technical evaluation piece right here.

–Timothy Smith

Wall Avenue Analysts Getting Extra Bullish

7 hr 9 min in the past

Some analysts are sounding extra upbeat than they’ve for some time.

Oppenheimer on Monday lifted its year-end worth goal for the S&P 500 to 7100 from 5950, among the many highest held by main Wall Avenue brokerage corporations. The outlook—which brings its goal again to the place it was to begin the 12 months—implies upside of about 11% from Friday’s shut. Morgan Stanley mentioned the chance of its bull case, which places the S&P 500 at 7200 in the midst of 2026, was firming up.

Numbers like these are a great distance from the degrees under 5000 seen in April after President Donald Trump’s “Liberation Day” tariff announcement spooked buyers. The subsequent few days will check that optimism.

“Though a lot uncertainty and fear prevailed for a while each with commerce coverage and geopolitical occasions, and given the multitude of potential outcomes, we’d notice that cooler heads prevailed — resulting in optimistic outcomes, not less than for now,” Oppenheimer wrote.

S&P 500 corporations on are monitor to report second-quarter year-over-year earnings progress of greater than 6%, in line with FactSet. The strain is on the a part of the Magnificent 7 posse reporting this week to shock to the upside, both with their respective outcomes or their outlooks, given how a lot weight they carry within the broad market index.

Thus far this reporting season, S&P 500 corporations are displaying “blended outcomes,” per FactSet’s John Butters. Whereas the proportion of S&P corporations stunning on the upside, 80%, is above five- and 10-year averages, the magnitude of these surprises stays under historic averages.

“The capitulatory worth motion and EPS estimate cuts we noticed in April of this 12 months round Liberation Day represented the top of a rolling earnings recession that started in 2022,” Morgan Stanley fairness strategist Michael Wilson wrote in a notice revealed Monday. “Now, we look like transitioning to a rolling restoration backdrop,” he mentioned.

Learn the full article right here.

–Crystal Kim

Firefly Aerospace’s IPO Might Push Valuation Above $5 Billion

8 hr 18 min in the past

Firefly Aerospace mentioned Monday that it plans to cost its preliminary public providing  between $35 and $39 per share, probably valuing the industrial house expertise firm north of $5 billion.

The IPO, which Firefly filed a prospectus for earlier this month, will see the corporate supply 16.2 million shares, elevating between $567 million and $631.8 million. The corporate mentioned it plans to make use of the proceeds to pay again funds it has beforehand borrowed. Firefly mentioned it has utilized for a list on the Nasdaq trade, to debut beneath the “FLY” ticker.

Firefly mentioned it expects to have about 140.55 million shares excellent after the IPO, with its worth vary bringing the corporate’s valuation between $4.92 billion and $5.48 billion. Its shares excellent might additionally come near 143 million if underwriters absolutely train their choice to buy further shares, the corporate mentioned.

Firefly was valued at greater than $2 billion final November, when the corporate introduced the closing of a $175 million Sequence D funding spherical, and earlier this 12 months obtained a $50 million funding from protection contractor Northrop Grumman.

In March, Firefly’s Blue Ghost lander efficiently reached the moon’s floor, making Firefly the primary industrial firm to “obtain a completely profitable soft-landing on the Moon.”

In its prospectus, Firefly mentioned it generated $60.79 million in income in 2024, with a web lack of about $231.13 million, in comparison with $55.24 million in income and a $135.46 million web loss in 2023. Within the first quarter of 2025, nonetheless, Firefly practically eclipsed its full-year 2024 income mark at $55.86 million, with a web lack of $60.1 million.

The IPO market had a strong first half of the 12 months, with Firefly’s debut following a number of notable IPOs, together with these of CoreWeave (CRWV) and stablecoin issuer Circle Web Group (CRCL).

–Aaron McDade

How A lot Merchants Anticipate UnitedHealth to Transfer After Earnings

9 hr 42 min in the past

UnitedHealth Group (UNH) is scheduled to report second-quarter outcomes forward of the opening bell on Tuesday, with markets anticipating the medical health insurance big’s inventory to make a considerable transfer over the remainder of the week.

Primarily based on current choices pricing, UnitedHealth shares are anticipated to rise or fall by greater than 7% by the top of the week from their current ranges. The inventory was little modified at round $281 in mid-afternoon buying and selling Monday.

Shares sank greater than 22% the day of UnitedHealth’s final report in April, when the insurer slashed its full-year revenue projections. Within the three quarters earlier than that UnitedHealth inventory declined 6% and eight% on the day of its fourth- and third-quarter reviews, respectively, and rose 6.5% on the day of final 12 months’s second-quarter report.

The inventory has misplaced about 45% of its worth because the begin of the 12 months. It has been dragged decrease by the disappointing first-quarter report, a sudden CEO departure in Could, and reviews that it’s the topic of a Justice Division investigation into its billing practices, which the firm confirmed final week.

Analysts have stayed bullish on UnitedHealth’s inventory regardless of its troubles this 12 months, with 12 of the 15 tracked by Seen Alpha nonetheless calling UnitedHealth’s inventory a purchase, together with two holds and one promote score. The typical worth goal is $379.40.

UnitedHealth is anticipated to report a 13% leap in income to $111.88 billion, whereas adjusted earnings per share are projected to drop to $4.64 from $6.80 within the year-ago quarter.

–Aaron McDade

Cheniere Vitality Jumps US-EU Commerce Settlement

11 hr 40 min in the past

Shares of liquified pure gasoline supplier Cheniere Vitality (LNG) rose Monday, a day after President Trump and European Fee President Ursula von der Leyen struck a commerce deal that may have the European Union buy extra LNG from American suppliers.

Trump defined that the 27 nations of the EU will purchase $750 billion value of LNG and different power sources from the U.S. over a three-year interval, in a transfer to permit Europe to switch Russian power sources following the nation’s invasion of Ukraine. 

The power pact was half of a bigger commerce settlement that places 15% tariffs on exports from the EU into the U.S, and opens EU’s market to American exports with no tariffs. The bloc would additionally make investments $600 billion {dollars} greater than it is at the moment spending in America, and purchase a “huge quantity” of army tools from U.S. producers. 

Cheniere Vitality shares have been up 1.5% in early-afternoon buying and selling, after rising practically 5% within the opening minutes of Monday’s session.

–Invoice McColl

Celcuity Inventory Soars on Constructive Breast Most cancers Therapy Examine

12 hr 59 min in the past

Shares of Celcuity (CELC) tripled to an all-time excessive Monday after the biotech agency introduced optimistic leads to a late-stage examine of its experimental remedy for adults with two sorts of breast most cancers.

The corporate reported main endpoints have been reached within the Part 3 trial of gedatolisib, mixed with two different medication, palbociclib and fulvestrant, which it calls the “gedatolisib triple.” It mentioned the three collectively lowered the danger of illness development or demise by 76% in comparison with fulvestrant alone. A “gedatolisib double” mixture of gedatolisib and fulvestrant reduce threat of illness development or demise by 67% versus fulvestrant alone, additionally exceeding endpoints.

The sufferers examined suffered from “hormone receptor (HR)-positive, human epidermal progress issue receptor 2 (HER2)-negative, PIK3CA wild-type, regionally superior or metastatic breast most cancers, following development on, or after, remedy with a CDK4/6 inhibitor and an aromatase inhibitor.”

Dr. Sara Hurvitz, co-principal investigator of the trial, mentioned to her data, “we have now not seen Part 3 leads to sufferers with HR-positive, HER2-negative superior breast most cancers earlier than the place there was a quadrupling of the probability of survival with out illness development relative to the examine management.”

Dr. Igor Gorbatchevsky, Chief Medical Officer at Celcuity, added that the outcomes confirmed gedatolisib might be a “transformative new medication” for the remedy of these breast cancers. 

The corporate plans to submit a New Drug Software to the Meals and Drug Administration (FDA) for gedatolisib within the fourth quarter.

Celcuity shares, which entered the day up 5% this 12 months, have been up 190% in current buying and selling at round $40, after leaping above $46 within the opening minutes of Monday’s session.

–Invoice McColl

JPMorgan Analysts on Nike Inventory: ‘Simply Purchase It’

14 hr 11 min in the past

Nike (NKE) shares traded at their highest stage in 5 months Monday after JPMorgan upgraded the inventory on the athletic shoe and attire maker’s turnaround technique.

Taking part in on the corporate’s slogan “Simply Do It,” the analysts wrote in a notice to buyers, “Simply Purchase It!,” boosting their score to “obese” from “impartial.” In addition they lifted the value goal to $93 from $64. As well as, they elevated the outlook for the corporate’s earnings per share in each fiscal years 2026 and 2027.

The analysts famous their optimism got here after “current fieldwork, administration entry, and 10-Ok assessment,” and pointed to Nike’s “5-pronged multi-year restoration path.” That plan included bettering stock alignment to gross sales progress, accelerating wholesale overbooks, and new efficiency merchandise, particularly with the soccer World Cup coming to the U.S. subsequent 12 months.

Nike shares, which entered Monday up lower than 1% this 12 months, have been up 2.5% at round $78 in current buying and selling, after rising as excessive as $79.99 within the opening minutes of buying and selling.

–Invoice McColl

Questions Traders Need Answered in Large Tech Earnings

15 hr 13 min in the past

4 of the world’s largest corporations—Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), and Meta (META)—are set to report their outcomes this week. AI would be the focus for a lot of buyers, who shall be hoping for updates on corporations’ investments within the era-defining expertise and the way they’re utilizing it. However commerce coverage might additionally get some airtime, particularly throughout Apple’s and Amazon’s calls on Thursday. 

Microsoft and Meta kick issues off with their reviews and earnings calls after the closing bell on Wednesday. Alphabet (GOOGL) and Tesla (TSLA) have already turned in outcomes, so after this week the one Magnificent 7 firm left to report shall be Nvidia (NVDA), in late August.

Are AI Investments Nonetheless Ramping Up?

Six months in the past, one of the urgent debates on Wall Avenue was whether or not U.S. tech corporations have been spending an excessive amount of on synthetic intelligence. That situation seems to be settled—or, not less than, on the again burner for now.

Alphabet final week raised its full-year capital expenditures forecast to $85 billion, citing rising demand for cloud computing services and products; that was typically learn as factor. Google Cloud grew by greater than 30% from the prior 12 months, placing the unit on monitor to e-book over $50 billion in income inside the subsequent 12 months. 

Cloud computing opponents Microsoft and Amazon might observe Alphabet’s lead. Each corporations left their capex forecasts unchanged once they reported quarterly outcomes three months in the past, selections which will have been influenced by the commerce and financial uncertainty hanging over the market on the time. The businesses might be feeling extra assured about boosting AI spending now that a few of the fog has been lifted by commerce agreements. 

Meta was the odd one out final quarter when it raised its capex outlook. It’s not out of the query that the social media big will elevate its forecast once more; it did so within the first and second quarters final 12 months.

Is AI Resulting in Monetization and Effectivity Beneficial properties?

Traders shall be searching for proof that large investments in AI are paying off. 

“AI is positively impacting each a part of the enterprise, driving robust momentum,” mentioned Alphabet CEO Sundar Pichai within the firm’s second-quarter earnings launch. Executives mentioned on the corporate’s earnings name that Google is monetizing AI search outcomes at about the identical fee as it’s conventional search, and that AI overviews are driving elevated search quantity.

In current quarters, Meta has satisfied Wall Avenue that AI is bettering advert efficiency and consumer engagement. Traders are hoping this week’s outcomes proceed to exhibit that Meta’s investments are bearing fruit. 

Amazon might supply updates on how clients are partaking with Rufus, its AI buying assistant, and Q, its work assistant. Microsoft is more likely to elaborate on the uptake of its Copilot AI providing. 

As for Apple, consultants say, buyers should still have to attend for the small print they crave.

“We do not count on (1) an replace on Apple Intelligence timing (2026), (2) any materials change in quarterly capex, (3) an replace on Apple Intelligence approval in China, and/or (4) any new partnership bulletins,” wrote Morgan Stanley analyst Erik Woodring in an earnings preview final week. Administration may, nonetheless, say product gross sales grew sooner in Apple Intelligence-enabled areas than non-AI areas, he mentioned.

How Are Large Tech Corporations Dealing with Tariffs?

A minimum of within the close to time period, Apple buyers are possible extra involved with tariffs than most of its Magnificent Seven counterparts. 

President Donald Trump in April exempted smartphones and different shopper electronics from his sweeping “reciprocal” tariffs, however the president has ordered his administration to contemplate invoking nationwide safety issues to impose Part 232 duties on smartphones and semiconductors. Part 232 tariffs  have held up higher in courtroom than Trump’s country-specific duties and might be more durable for Apple to keep away from. 

Even with the smartphone exemption, Apple in Could estimated tariffs would add $900 million to the corporate’s prices within the second quarter. Traders will look ahead to the precise impression and to listen to how Apple is partaking with suppliers and the administration to fend off tariffs and mitigate their potential impression.

Commerce coverage may even be prime of thoughts for Amazon buyers. Within the first quarter, Amazon noticed some proof patrons have been stocking as much as get forward of tariffs, which might set the corporate up for a sequential slowdown in gross sales. Executives mentioned retailers didn’t meaningfully improve costs within the first quarter, however famous that might change relying on the place tariff charges find yourself.

–Colin Laidley

Main Index Futures Level to Larger Open

15 hr 36 min in the past

Futures tied to the Dow Jones industrial Common have been up 0.1%.

S&P 500 futures rose 0.2%.

Nasdaq 100 futures added 0.3%.