Biggest S&P 500 Movers on Monday

Decliners

Keurig Dr Pepper (KDP) shares dropped 11.5%, falling the furthest of any stock in the S&P 500. The move lower came after the company announced a plan to buy Netherlands-based coffee company JDE Peet’s and then split its coffee and beverage businesses into two separate entities, effectively unwinding the 2018 merger between coffee company Keurig and the soft drink maker Dr Pepper. Analysts at S&P placed a negative credit outlook on Keurig Dr Pepper following the announcement, indicating that the roughly $18 billion Peet’s deal would increase its debt levels.
Shares of DexCom (DXCM),a manufacturer of continuous glucose monitoring devices to help patients managing diabetes,slipped 7.7%. Although the medical device company reported better-than-expected sales and profits in its late-July earnings report and raised its full-year sales outlook, its adjusted gross margin fell from a year ago, reflecting increased spending on research and growth as well as selling, general, and administrative costs.The stock has been trending downward as the earnings release, and including Monday’s decline, DexCom shares have lost around 15% in the past month.
* Vaccine makers faced pressure on Monday following reports suggesting that Human Services Secretary Robert F. Kennedy Jr. and President Donald Trump could be poised to ban COVID vaccines within the next several months. Even though the White House dismissed the claims of an impending prohibition of the vaccine,an advisor and key Kennedy ally reportedly said there could be a gradual phase-out or a swift end to COVID vaccinations,despite the probability of legal challenges and uneasiness among the public. Moderna (<

Nvidia Stock Still Has Room to Climb, Analysts Say

Nvidia (NVDA) stock’s rapid rise on the back of booming AI demand has already made the chipmaker the world’s moast valuable company. Most Wall Street analysts think its stock still has room to climb.

Expectations are on the rise ahead of the company’s earnings after the bell Wednesday, with Baird on Monday bumping its price target up to $225 from $195, after Stifel over the weekend lifted its to $212 from $202.

Several others, including Morgan Stanley, UBS, and Wedbush, lifted theirs last week. Those targets are consistent with most others on the Street. Of the 14 analysts with current ratings surveyed by Visible Alpha, 10 have targets between $200 and $225, with two at or just above $190, and one that calls the stock a “buy” without a target. Just one expects the stock to decline from its recent levels to $155.The stock rose 1% Monday to close just under $180, and has added over a third of its value in 2025 so far.

“We continue to believe that NVDA’s leadership positioning in AI infrastructure remains unchallenged,” Stifel analysts said. They pointed to optimism around improving China sales after Nvidia struck a revenue-sharing deal with the Trump management in order to resume sales of AI chips to the region, and trump signaled the company could win more licenses for future chips.

Baird similarly highlighted Nvidia’s strong position and “lack of relevant competition for the medium term,” as well as signs of an acceleration in shipments of its GB200 Grace Blackwell superchip.

The chipmaker is widely expected to report another quarterly sales record, despite some headwinds from export restrictions that were in place before Nvidia’s recent revenue-sharing deal.climb higher on above-average volume perhaps setting the stage for a breakout from an established trading range.In a win for the bulls, the 50-day moving average (MA) recently crossed above the 200-day MA to generate a golden cross a bullish chart signal that indicates the start of a new uptrend. moreover, the relative strength index sits above its neutral threshold to confirm positive price momentum in the stock.

Investors should watch key overhead areas on Intel’s chart around $26 and $30, while also monitoring vital support levels near $22 and $19.

Read the full technical analysis piece here.

–Timothy smith

Traders Pricing in Big Post-Earnings Move for Nvidia

14 hr 14 min ago

Nvidia Earnings: what to Expect From the AI Chip Leader

Nvidia (NVDA) is set to report its fiscal second-quarter earnings on Wednesday, August 21, 2024, after the market closes. Investors are keenly watching to see if the AI chip giant can maintain its blistering growth pace.

Key Areas of Focus:

Data Center Demand: The primary driver of Nvidia’s recent success has been robust demand for its chips in data centers, fueled by the boom in artificial intelligence (AI) and cloud computing. Nvidia controls an estimated 80% to 90% of the AI chip market, making it a central player in this technological revolution. Investors will be looking for continued strength in this segment. China Sales: Nvidia previously warned that tightened U.S.export controls could cost it up to $8 billion in lost revenue in the second quarter.However, the company, along with competitor Advanced Micro Devices (AMD), recently struck a deal with the Trump administration allowing them to resume sales to China in exchange for a 15% cut of revenue. while this deal came too late to impact Wednesday’s results, its potential impact on future guidance will be closely scrutinized.
* Analyst Sentiment: Wall Street analysts are overwhelmingly bullish on Nvidia.Of the 14 analysts tracked by Visible Alpha, 13 rate the stock a “Buy,” with an average price target of $203.38.as of late trading Monday, Nvidia shares were up nearly 2% at around $181. Investors will be hoping for a strong earnings report and optimistic guidance to justify the company’s high valuation and continued growth prospects.

American Eagle Shares Dip as analysts Express Doubt Over Sydney Sweeney Boost

American Eagle Outfitters (AEOS) shares fell more than 2% in Monday afternoon trading, continuing a challenging year for the retailer. Despite a recent surge linked to its campaign featuring actress Sydney Sweeney, analysts at Bank of america remain unconvinced about the company’s long-term prospects.

The firm issued a bearish rating on the stock, setting a $10 price target – a dollar below the Visible Alpha mean – and lowered its profit outlook. analysts cited a lack of pricing power and potential headwinds from tariffs as key concerns. Currently, none of the analysts tracked by Visible Alpha hold a bullish rating on American Eagle shares.While acknowledging the Sweeney campaign may have provided a short-term boost to third-quarter sales, the analysts expressed skepticism that this momentum would be enduring. “However, we do not assign a high likelihood that momentum from this campaign can fully inflect the business over the long run,” they wrote.

Year-to-date, American eagle shares have lost approximately one-quarter of their value. The company’s next quarterly results are expected on September 3, with wall Street anticipating a year-over-year revenue decline.

Trump Looking to Make More Deals Like the Intel One

President Donald Trump stated he is seeking to replicate the deal recently announced with Intel (INTC).But Intel also warned in a regulatory filing Monday that the move could lower its chances of winning future awards from the government and harm its international sales. It’s also dilutive for preexisting shareholders, and “has the appearance of the government clawing back” funds that were already pledged, Morgan Stanley analysts wrote.

Bernstein analysts on Monday said the equity agreement includes “a sort of poison pill” that could make it less appealing for Intel to consider spinning off its manufacturing business, with the government also receiving warrants for an additional 5% of the company if ownership of its foundry ever drops below 51%.

Wall Street analysts warned last week that a deal like Intel’s might hold less appeal for other companies on more solid footing, with the administration saying Friday it would not seek equity in some other CHIPS Act recipients like TSMC (TSM) after The Wall Street Journal reported the chipmaker said it could return CHIPS Act funds if the government demands a stake. TSMC declined to comment on the talks.

–Kara Greenberg

What Analysts Think of Nvidia Stock Ahead of Earnings Report

18 hr 5 min ago

Nvidia earnings Expectations Rise, Keurig Dr Pepper to Buy peet’s Coffee Parent for $18B

Expectations have risen ahead of Nvidia’s earnings, and analysts believe rightfully so. Morgan Stanley raised their target to $206 from $200, citing strong AI demand signals. UBS also increased its target, to $205 from $175, while Wedbush boosted theirs to $210 from $175.

Nvidia shares were up 1.6% at around $180 in recent trading, having gained 35% since the start of the year.

Keurig Dr Pepper (KDP) announced Monday a deal to acquire JDE Peet’s for 15.7 billion euros ($18.4 billion) in cash.

Upon closing, likely in the first half of 2026, Keurig Dr Pepper plans to separate into two U.S.-listed firms: one for the coffee business and another for its beverage brands, including Keurig Dr Pepper, Snapple, and 7UP. Keurig Dr Pepper will pay 31.85 euros ($37.22) per share for JDE Peet, a 33% premium to the Amsterdam-based firm’s 90-day volume-weighted average stock price.

“Today’s announcement marks a transformational moment in the beverage industry, as we build on KDP’s disruptive legacy by creating two winning companies, including a new global coffee champion,” said Keurig Dr Pepper CEO Tim Cofer, adding that the transaction would create “two sharply focused beverage companies with attractive and tailored growth” opportunities.

Trump Announces Potential Furniture Tariffs, Sending Retail Stocks lower

Shares of some big furniture retailers were on the move in early trading Monday after president Donald Trump announced that he will soon be slapping tariffs on imported furniture.

Trump wrote on his social media site, Truth Social, last week that his administration was beginning a “Tariff inquiry” of furniture coming into the country, which will be completed in 50 days. After that, he would determine tariffs on imports “at a Rate yet to be persistent.”

The president added that the move was designed to “bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union.”

Shares of retailers that rely heavily on imports were down sharply this morning. RH (RH) and Wayfair (W) each plunged about 9%, while Williams-Sonoma (WSM) declined 3%.

However, companies…