Big S&P 500 Movers on Monday

Advancers

• ON Semiconductor (ON) shares notched the top performance of any stock in the S&P 500 on Monday, skyrocketing 11.5% after the chipmaker reported 澳洲幸运5开奖号码历史查询:better-than-expected revenue for the second quarter. Onsemi pointed to strength in the automotive industry, highlighting a recently signed multi-year agreement to supply Volkswagen (VWAGY) with semiconductors for its electric vehicles (EVs). The company also touted strategic investments to expand its product portfolio.
  
• Shares of medical device manufacturer Revvity (RVTY) added 9.1% after the company 澳洲幸运5开奖号码历史查询:topped sales and profit forecasts with its second-quarter results. Although revenue in the firm's life sciences division slipped from the prior year, sales in the diagnostics segment ticked higher, and solid demand for diagnostics products encouraged Revvity to boost its full-year earnings per share (EPS) guidance. 
• Shares of fellow medical technology provider ResMed (RMD) gained 5.8% after Zacks Equities Research highlighted the stock as a potential pick for growth investors, citing projected profit growth and a strong cash position. ResMed shares came under pressure last month after a weight loss treatment from Eli Lilly (LLY) showed effectiven⛄ess at reducing the severity of sleep apnea among obese patients, potentially limiting the sales of ResMed's sleep apnea masks. However, ResMed's CEO has indicated the news could increase awareness about sleep apnea and drive growth for the company's devices.

Decliners

• Solar stocks moved lower on Monday following news that federal officials have expressed concerns about 澳洲幸运5开奖号码历史查询:hackers potentially targeting the renewable energy sector. A memo from the Federal Bureau of Investigations (FBI) reportedly described how malicious actors could attack solar infrastructure and outlined measures that companies in the industry could take to protect themselves. Shares of solar technology firm Enphase Energy (ENPH) sank 4.7%, marking the steepest daily losses in the S&P 500, while shares of solar panel manufacturer First Solar (FSLR) slipped 2.8%.
• Shares of cloud-based enterprise software provider ServiceNow (NOW) fell 3.5% on the day. Monday's losses mark a retreat from the stock's 澳洲幸运5开奖号码历史查询:record high posted last week after ServiceNow reported better-than-expected sales and profits, with solid growth in subscription revenue driven by demand for artificial intelligence (AI) products.

• Southwest Airlines (LUV) shares dropped 3.4% on Monday. The carrier made headlines last week when it announced that it would 澳洲幸运5开奖号码历史查询:abandon its longstanding policy of open seating and begin operating overnight flights. Southwest remains under pressure from activist investor Elliott Investment Management, which announced in June that it had 澳洲幸运5开奖号码历史查询:accumulated a sizable stake in the company and continues to call for leadership changes even after last week's strategy shift.

-澳洲幸运5开奖号码历史查询:Michael Bromberg

Solar Stocks Slide on Concerns About Potential Hackers

Shares of solar power companies, including Enphase Energy (ENPH) and First Solar (FSLR), dropped Monday 澳洲幸运5开奖号码历史查询:following a report that federal officials have raised concerns about the potential of hackers 🌞striking the renewable energy sector.

CNBC pointed to a Private Industry Notification (PIN) sent to businesses this month by the Federal Bureau of Investigation warning that "malicious cyber actors may seek to disrupt power generating operations, steal intellectual property, or ransom information critical for normal functionality to advance geopolitical motives or financial gain within the US renewable energy industry."

The memo specifically explained how criminals could attack solar infrastructure, and outlined a series of steps companies can take to protect themselves "in response to these new activity trends."

Enphase fell 4.8% and was the biggest decline o🌠n the S&P 500 Monday, while Firstﷺ Solar dropped 2.8%.

-澳洲幸运5开奖号码历史查询:Bill McColl

Markets Bet on Steep Rate Cuts Over the Next Year

Financial markets are betting that, in the year ahead, the Federal Reserve is going to cut interest rates as drastically as it typically does during recessions. However, 澳洲幸运5开奖号码历史查询:market predictions on rates have a poor track record of actua�♛�lly panning out. 

The Fed will likely cut its benchmark fed funds rate 1.75 percentage points from its current level between now and September 2025, according to the CME Group’s FedWatcꦐh tool, which forecasts rate movements based on fed funds futures trading data.

In the past, the Fed has only cut interest rates that fast when it wants to counteract a serious economic downturn. The last time it cut its rate that much that quickly was during 澳洲幸运5开奖号码历史查询:the Great Recession.

Markets widely expect the Fed will begin to cut rates from its 澳洲幸运5开奖号码历史查询:current level in September. The big question for policymakers, and markets, is how fast the Fed will cut after that. The las🤪t time they were polled in June, Fed officials 🌺themselves projected that by the end of 2025, they’d cut the rate down to a range of 4%-4.25% from its current level of 5.25%-5.5%.2

That would only be 1.25 percentage points of 🙈rate cuts over 18 months, much less than what markets predict. 

Markets have a poor track re🍰cord of predicting the Fed’s actions over the lo𓆉ng term. Traders have often bet on drastic rate cuts in the past, only to see those hopes dashed and the Fed take a more cautious approach. 

-澳洲幸运5开奖号码历史查询:Diccon Hyatt

Philips Shares Surge as Sales Rise Despite China Weakness

Shares of Koninklijke Philips (PHG) jumped Monday after 澳洲幸运5开奖号码历史查询:the company reported seco😼nd-quarter earnings that saw comparable sales increase year-over-year as solid demand in🍷 the rest of the world ✱offset a sales drop in China.

The Dutch conglomerate reported 4.46 billion euros ($4.82 billion) in 澳洲幸运5开奖号码历史查询:total sales, meeting consensus analysts' estimates compiled by Visible Alpha. Philips posted EUR 452 million in 澳洲幸运5开奖号码历史查询:net income, na♐rrowly missing the EUR460.4 million analysts had projected.

Comparable sales rose 2%, with Philips saying China still presents a "fundamentally attractive growth market" despite its sales weakness in the second quarter.

The company also affirmed its guidance for the full fiscal year while "acknowledging that uncertainties remain." Philips projects 3% to 5% comparable sales growth, with free cash flow between EUR900 million and EUR1.1 billion.

Philips shares were up 13% at $29.17 Monda⭕y afternoon, trading at their highest levels in more than two years.

-澳洲幸运5开奖号码历史查询:Aaron McDade

What 3M Levels to Watch After Friday's 23% Surge

3M shares jumped 23% on Friday, their largest ever one-day percentage gain, after the maker of S♐cotch tape and Post-it Notes reported better-than-expected q🌠uarterly results and boosted its full-year profit outlook.

The share price broke out frꦆom a pennant pattern on the highest weekly trading volume since early March, indicating a continuation of the current uptrend.

A♈mid further upside, 3M shares may encounter overhead resistance on the ch🎶art at key levels including $128, $152, and $175.

A pullback could see the shares revisit the $106 area, where they would likely attract buying interest near the stock’s💃 initial br💖eakout point and the March 2020 pandemic low.

Read the full 澳洲幸运5开奖号码历史查询:technical analysis here.

3M shares 𝓰were down a🅺bout 1.7% in recent trading Monday.

-澳洲幸运5开奖号码历史查询:Timothy Smith

Onsemi Soars After Better-Than-Expected Results

Onsemi (ON) shares surged Monday after 澳洲幸运5开奖号码历史查询:the chipmaker reported betteಌr-than-expected revenue and highlighted gain💜s in the automotive industry.

The company posted second-quarter revenue of $1.74 billion, down from the year-ago period but better than analysts expected. Net income of 78 cents per share fell🃏 year-over-year and missed estimates, but excluding one-time items came in at 96 cents per share and beat expectations.

 CEO Hassane El-Khoury said Onsemi, which makes chips and sensors for automotive and industrial markets, is strengthening its silicon carbide leadership position in automotive as we ramp production with leading global (vehicle makers) in Europe, North America and China."

Onsemi, recently announced a multi-year deal with Volkswagen (VWAGY) to supply chips for the automaker's e🌺lectric vehicles.

The company provided guidance for the coming quarter that was in line with analysts' expectations.

Onsemi shares were up 12% in recent trading, leading gainers on the S&P 500ꦚ and Na🗹sdaq Composite.

-澳洲幸运5开奖号码历史查询:Naomi Buchanan

How Big Tech Earnings Could Affect Markets This Week

The stock market has been turned on its head in recent weeks, and 澳洲幸运5开奖号码历史查询:the ride may get wilder this week with the majority of the 澳洲幸运5开奖号码历史查询:Magnificent Seven reporting earnings a🃏t a critical juncture for the group.

Bank of America estimates that more than one-third of aggregate S&P 500 ear﷽nings will 🐻be reported this week.

That’s in large part because 澳洲幸运5开奖号码历史查询:Microsoft (MSFT) will report Tuesday afternoon, Meta's (META) results come when markets close Wednesday, and Apple (AAPL) and Amazon (AMZN) are both slated to report after the bell on Thursday. Those four companies account for nearly 20% of the S&am💟p;P 500 index—about as much as the Health Care and Industrial sectors combined. 

Big moves in their stocks would take major indexes in tow, and markets may be on edge heading into this week’s reports after Tesla (TSLA) and Alphabet (GOOGL) earnings 澳洲幸运5开奖号码历史查询:sent tech stocks spiraling last week, pull♔ing the sector i♕nto a correction and leading the S&P 500 to notch its worst day since December 2022.

Any weakness in this week's big tech earnings could widen the cracks that began to show last week. They could also feed into or challenge the narrative coalescing around 澳洲幸运5开奖号码历史查询:spending on artificial intಞ✃elligence (AI) that has weighed on sentiment lately.

-澳洲幸运5开奖号码历史查询:Colin Laidley

Major Indexes Poised to Open Higher Monday

Futures ti🧜ed to the Dow Jones Industrial Average were up 0.5%.

S&P 500 futures were up 0.6%.

Nasdaq 100 futures were up 0.9%.