Dow Retreats from Record as Stocks Slide After Friday’s Big Gains; Nvidia Earnings in Focus This Week

Biggest S&P 500 Movers on Monday

4 hr 42 min ago

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 development as well as selling, general, and administrative costs. The stock has been trending downward since 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. Although 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 (MRNA) shares slid 6.5% on Monday. 

Advancers

Deckers Outdoor (DECK) shares rose 3.6% to log the top daily performance in the S&P 500, extending gains posted by the footwear maker’s stock late last week. The move higher has come in the footsteps of several new product launches for Deckers’ Teva brand, including a new autumn and winter collection as well as a collaboration with streetwear designer Sean Wotherspoon.
Crude oil futures ticked higher at the start of the trading week amid concerns that Ukraine’s attacks on Russian oil facilities and the possibility of additional U.S. sanctions on Russia could pressure supplies. Shares of exploration and production giant APA Corp. (APA) added 3.3%.
Shares of data storage firm Seagate Technology (STX) climbed 3% after Cantor Fitzgerald reiterated its “overweight” rating on the stock. The analysts said they expect the maker of external hard drives and solid state drives to benefit from positive supply and demand dynamics, contributing to strong pricing that could help Seagate improve its gross margin. Shares of data storage competitor Western Digital (WDC) added 2.9%.

-Michael Bromberg

Analysts Boost Nvidia Price Targets Ahead of Earnings

5 hr 24 min ago

Nvidia (NVDA) stock’s rapid rise on the back of booming AI demand has already made the chipmaker the world’s most 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 administration 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.

-Kara Greenberg

Intel Levels to Watch as Government Takes Stake

6 hr 43 min ago

Intel (INTC) shares wavered to start the week after surging Friday following news that the U.S. government had reached a deal to take a 10% stake in the embattled chipmaker.

Intel shares have rebounded since sliding below $20 earlier this month when President Trump called on CEO Lip-Bu Tan to step down over is ties to Chinese firms. Tan, who took over the top position at Intel in March, and Trump met a few days later, paving the way for the negotiations that resulted in the deal unveiled Friday.

Intel shares rose more than 4% in early trading Monday, after surging 5.5% on Friday, but finished the session down 1% at $24.55. Intel shares have gained 23% since the start of the year, significantly outpacing the S&P 500 over the same period as investors place bets that Tan can turn around the once-storied chipmaker’s fortunes.

After attracting buying interest near a multi-month floor earlier this month, Intel shares have continued to climb higher on above-average volume, potentially 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 important support levels near $22 and $19.

Read the full technical analysis piece here.

-Timothy Smith

Traders Pricing in Big Post-Earnings Move for Nvidia

7 hr 41 min ago

Artificial intelligence bellwether Nvidia (NVDA) is slated to report quarterly results after markets close on Wednesday, and traders are prepared for a big stock move.

Nvidia stock is expected to move approximately 6.5% in either direction by the end of the week, according to options pricing data. That big of a move from last week’s close would put shares at either $189.65, an all-time high that translates to a $4.63 trillion market capitalization, or $166.33, its lowest price since mid-July. 

Nvidia has reported earnings 10 times since the release of ChatGPT in late 2022 sparked the AI craze that’s made it the world’s most valuable company. The stock posted double-digit gains in the days after four of those reports, most recently in May 2024. 

But Nvidia’s earnings have struggled recently to clear the exceptionally high bar set by Wall Street. In the past four quarters, Nvidia stock has moved an average of 3.2% between reporting earnings and the end of the week. On only one of those occasions—the most recent report in May—did Nvidia finish the week above where it was before reporting earnings. 

Investors will be scrutinizing Nvidia’s report Wednesday for confirmation that AI demand remains strong. Hyperscalers Microsoft (MSFT), Alphabet (GOOG), and Amazon (AMZN) all recently stood by plans to spend hundreds of billions of dollars this year on data center infrastructure and other capital goods, citing robust demand for AI and cloud computing. Nvidia, with an estimated 80% to 90% share of the AI chip market, should be the biggest beneficiary of that spending.

Wall Street will also be hoping for updates on sales to China. Nvidia warned in May that the Trump administration’s decision to tighten Biden-era export controls could cost it up to $8 billion in lost revenue in the second quarter. Earlier this month, Nvidia and competitor Advanced Micro Devices (AMD) struck a deal with the Trump administration that allows them to resume sales to China in exchange for a 15% cut. That deal came too late to have any impact on Wednesday’s results, but it should be factored into Nvidia’s guidance. 

Analysts are overwhelmingly bullish on Nvidia. Of the 14 analysts tracked by Visible Alpha with current ratings on Nvidia’s stock, 13 rate it a “Buy” and one gives it a neutral “Hold” rating. The average price target of $203.38.

Nvidia shares were up nearly 2% at around $181 in late trading Monday.

-Colin Laidley

What Now for American Eagle After Syndey Sweeney Boost?

9 hr 21 min ago

There’s capturing attention and then there’s keeping it.

Whether American Eagle Outfitters (AEO), which not long ago managed the former, can do the latter, is the question facing investors today. So far, it has.

A pre-earnings bump helped the retailer’s shares finish May 13 at $12.55 a share—before the company pulled its outlook, sending the stock lower. Later that month it posted a larger-than-expected quarterly loss; the stock finished May a bit below $11. But it’s since climbed its way back, ending Friday at $12.85.

It got there in part thanks to a marketing campaign featuring actress Sydney Sweeney that reintroduced investors to its brand—while making it something of a cultural touchpoint. That energy may have moved on, with the latest brand to stir up sentiment being restaurant chain Cracker Barrel (CBRL)—but the stock has held on.

Wall Street doesn’t seem convinced that can continue. Bank of America analysts on Monday slapped a bearish rating on the shares, setting a $10 price target on the stock that is a buck below the Visible Alpha mean, cutting its outlook for profits and suggesting that it lacks pricing power that could help it navigate the effects of tariffs. (None of the analysts tracked by Visible Alpha have bullish ratings on the shares.)

“Near term, there is risk that the recent Sydney Sweeney campaign added momentum” to third-quarter sales, the analysts wrote. (Its next quarterly results are due Sept. 3, with Wall Street broadly expecting revenue to fall year-over-year.) “However, we do not assign a high likelihood that momentum from this campaign can fully inflect the business over the long run.”

American Eagle’s shares were down more than 2% in Monday afternoon trading. They’ve lost about one-quarter of their value in 2025.

-David Marino-Nachison

Trump Looking to Make More Deals Like the Intel One

10 hr 11 min ago

President Donald Trump says he’s looking to make more deals like the one he announced last week with Intel (INTC), with the government taking a 10% stake in the chipmaker Friday. 

“I will make deals like that for our Country all day long. I will also help those companies that make such lucrative deals with the United States,” Trump said in a post on Truth Social. “I love seeing their stock price go up, making the USA RICHER, AND RICHER.” 

Shares of Intel were up about 1% in recent trading, extending the gains posted Friday, when details of the deal, which is being funded by a combination of awards under the CHIPS Act, emerged. 

Intel CEO Lip-Bu Tan on Friday said the company is grateful for the government’s confidence and that Intel looks forward to working together “to advance U.S. technology and manufacturing leadership.” Trump earlier this month called for Tan’s resignation.

For Intel, which has in recent months slashed its headcount and sold off parts of its business as part of a turnaround effort, an improving relationship with the Trump administration has been broadly seen as positive. UBS analysts said Monday that the deal has boosted optimism that Intel’s chip manufacturing arm could attract more customers, for example.

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

11 hr 32 min ago

Nvidia (NVDA) is set to release its latest quarterly results after the market closes Wednesday, with analysts expecting the most valuable company in the world’s sales could reach another record high, despite an anticipated hit from export curbs.

The AI chips giant is projected to report adjusted earnings per share of $1.02 for the second quarter on an over-50% year-over-year jump in revenue to $46.45 billion, according to consensus estimates compiled by Visible Alpha. CEO Jensen Huang could also provide more details during the company’s earnings call about the timing of new products, including Nvidia’s next-generation Rubin lineup and a more powerful AI chip tailored for China’s market.

In May, Nvidia warned it could face an $8 billion hit from China export restrictions, and although the company recently struck a 15% revenue-sharing agreement with the Trump administration to resume sales of its H20 chip in China, Wednesday’s report will still reflect the full impact of the restrictions. 

Despite near-term trade policy headwinds, Wall Street analysts are overwhelmingly bullish on the chipmaker’s prospects. Of the 13 analysts with current ratings surveyed by Visible Alpha, 12 call the stock a “buy,” compared to one “hold” rating. Their targets range from $155 to $225, with the majority above $200.

“Expectations have risen ahead of Nvidia’s earnings, and we think rightfully so,” Morgan Stanley analysts said last week, as they raised their target to $206 from $200, citing strong AI demand signals. UBS also raised its target, to $205 from $175, while Wedbush boosted its to $210 from $175.

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

-Kara Greenberg

Keurig Dr Pepper Buying Peet’s Coffee Parent for $18B

12 hr 55 min ago

Keurig Dr. Pepper (KDP) on Monday said it has struck a deal to buy JDE Peet’s for 15.7 billion euros ($18.4 billion) in cash.

Keurig Dr Pepper said once its takeover of the Dutch parent of Peet’s Coffee closes, likely in the first half of 2026, it plans to separate into two U.S.-listed firms—one housing the coffee business and the other with its beverage brands, including its namesake brand, Snapple, and 7UP. Keurig Dr Pepper agreed to 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 propositions.”

The spinoff plan would effectively unwind the 2018 merger between coffee firm Keurig and beverage giant Dr Pepper, and comes as the company’s coffee business faces intense competition from rivals and rising coffee prices, intensified by the Trump administration’s tariffs.

Keurig Dr Pepper’s U.S. Coffee unit sales slipped 0.2% year-over-year in the second quarter, while its U.S. Refreshment Beverages unit, which includes energy drink firm Ghost as well as soft drinks, posted gains of 10.5%.

Keurig Dr Pepper shares were down more than 8% in recent trading,

-Nisha Gopalan

Furniture Stocks on the Move as Trump Threatens Tariffs

13 hr 25 min ago

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 investigation” 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 determined.”

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) decined 3%.

However, companies that make more of their products in the U.S., saw their shares rise. Ethan Allen Interiors (ETD) and La-Z-Boy (LZB) were each up about 1% recently.

-Bill McColl

Major Index Futures Point to Slightly Lower Open

14 hr 41 min ago

Futures tied to the Dow Jones Industrial Average were down 0.3%.

S&P 500 futures also fell 0.3%.

Nasdaq 100 futures declined 0.4%.