How Sustainable is the Current Rally?
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The S&P 500 rose 0.6% on Monday after surging 2.1% on Friday, its best daily performance since the day after Donald Trump won re-election. For a second consecutive day, more than 90% of the S&P 500’s components closed higher.
The benchmark index entered a correction for the first time since 2023 last week, a pullback that Treasury Secretary Scott Bessent on Sunday called “healthy” and “normal.”
Morgan Stanley analysts see a high probability of a short-term relief rally, but warned volatility will remain elevated this year and expressed skepticism about a sustained rebound into a bull market.
Read the full article here.
AMD Rises as Gaming GPUs Gain Market Share in Japan
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Advanced Micro Devices (AMD) shares climbed Monday as the chipmaker’s gaming GPUs gained market share in Japan.
At a product launch event in Japan, AMD said its latest Radeon series offerings have helped boost its market share to 45% in Japan, according to a report from Tom’s Hardware. The company competes with Nvidia (NVDA), which has been hindered by supply chain issues.
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Shares of AMD rose 3.6% Monday, but have lost nearly half of their value over the past 12 months amid concerns about the chipmaker’s AI revenue and ability to compete with Nvidia. Shares of Nvidia, meanwhile, have gained nearly 40% over that stretch.
Some Analysts Feel It’s Time to Bite on Chipotle Stock
51 minutes ago
Chipotle (CMG) shares are having a rough 2025. Wall Street expects the burrito chain’s stock to get back on track.
The company’s shares fell less than 1% Monday, closing just below $50 to bring their year-to-date decline to about 18%, substantially underperforming the S&P 500. Lately, though, some analysts have shored up their support for the stock: Most recently, Oppenheimer reiterated an “outperform” rating, saying it’s time to take advantage of the fall.
The bank on Sunday said the stock’s slide has Chipotle shares looking attractive even with some concern about near-term same-store sales growth. “We believe [Chipotle] is one of the best positioned for a powerful rebound in sales trends as industry headwinds subside,” Oppenheimer wrote.
Morgan Stanley, meanwhile, last week named Chipotle in its “Quality Stocks for a Long-Term Holding Period” report. The bank’s analysts turned bullish earlier this month, raising their price target to $70.
“We think that [Chipotle] is well positioned in fast casual, and among the best set up in the industry, to deploy next-generation technologies that drive cost savings and efficiency, which in turn protects the value proposition of the brand,” said Morgan Stanley’s report.
Wall Street’s consensus target is near $68, with most of the analysts following the stock having buy ratings, according to Visible Alpha. Oppenheimer’s target lands a couple dollars below that, at $66
Novo Nordisk Stock Rises as Company Plans to Present Data
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Novo Nordisk (NVO) shares rose Monday as the company said it would present new data on the ability of semaglutide, the active ingredient in its weight-loss drugs Ozempic and Wegovy, to lower heart risks.
The Danish drug developer is slated to take part in the American College of Cardiology Scientific Session and Expo, which runs March 29 to 31. Its presentations “will provide new information about semaglutide medicines to reduce cardiovascular risk,” focusing on conditions including type 2 diabetes, obesity, peripheral arterial disease, and chronic kidney disease.
Novo Nordisk shares rose nearly 4% on Monday, recovering some of the stock’s losses last week following disappointing results from a phase 3 trial of its in-development weight loss drug CagriSema.
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Despite Monday’s gains, shares of Novo Nordisk are down about 7% for the year so far, and have lost 40% of their value in the past 12 months.
What to Expect from Nvidia’s GPU Technology Conference
1 hr 25 min ago
Nvidia (NVDA) kicked off its weeklong GPU Technology Conference on Monday, with an eagerly awaited keynote address from CEO Jensen Huang scheduled for tomorrow.
Investors will be watching for updates on the company’s latest artificial intelligence chips, upcoming releases, and developments in gaming and robotics.
Bridget Bennett / Bloomberg / Getty Images
The AI chipmaker is expected to showcase its Blackwell Ultra GB300 family of chips, which Deutsche Bank analysts said is expected to deliver over 50% more memory capacity and significantly higher performance than its earlier Blackwell offerings.
The timing of GB300’s rollout will be a focus, the analysts said, particularly as Nvidia has faced delays in fully ramping up Blackwell production.
Nvidia could also offer more details on its Rubin GPU, the successor to Blackwell expected in 2026, along with its associated Vera CPU, and the Rubin Vera platform. It’s possible Huang’s keynote could offer breadcrumbs at what lies a generation beyond Rubin, analysts said.
GTC comes as Nvidia’s stock has fallen 11% so far in 2025, creating a “compelling valuation” heading into the conference, analysts at Bank of America said recently.
The analysts reiterated a “buy” rating and $200 price target, above the $177 average of analysts tracked by Visible Alpha.
Nvidia shares fell 1.8% to $119.53 on Monday, leading decliners among members of the Dow Jones Industrial Average.
Intel Continues Surging Amid Optimism About New CEO
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Intel (INTC) stock was the biggest gainer on the Nasdaq in late trading Monday following a report on incoming CEO Lip-Bu Tan’s plans to turn around the struggling chipmaker.
Citing two people familiar with Tan’s thinking, Reuters reported that he is considering “significant changes” to Intel’s manufacturing processes and its artificial intelligence (AI) strategies.
Tan, who is set to take over the top job Tuesday, is replacing Pat Gelsinger, who retired late last year. Analysts and investors have cheered the appointment, which Intel announced last Wednesday.
Reuters reported Monday that Tan is weighing cuts to Intel’s middle management ranks, and plans to prioritize bringing in new clients for its foundry business. Gelsinger had moved to expand its contract manufacturing business to compete with global players like Taiwan Semiconductor Manufacturing Co. (TSM).
The report said analysts and Intel executives told the outlet that bringing on “at least two large customers to produce a high volume of chips” could make the foundry business successful. Intel did not immediately respond to an Investopedia request for comment.
On Friday, the company said in a regulatory filing that Tan would receive an initial base salary of $1 million, and added he has agreed to buy some $25 million in Intel stock in his first month on the job.
Intel shares were up 7% in recent trading, after gaining nearly 17% last week to lead S&P 500 gainers over the period. Despite Monday’s gains, Intel shares are down about 40% from the same time a year ago.
Mizuho Slices Tesla Price Target Amid Weakening Demand
3 hr 50 min ago
Mizuho analysts trimmed their price target for Tesla (TSLA) stock, pointing to weakening demand for the company’s vehicles and headwinds from China, amid tariff uncertainty.
Mizuho said it now expects Tesla to deliver 1.8 million vehicles this year and 2.3 million in 2026, down from previous estimates of 2.3 million and 2.9 million, respectively. The drop comes as analysts estimate Tesla “significantly underperformed the market” in the U.S. and China last month, as well as in Europe.
Tesla’s struggles can be traced in part to a “deterioration in geopolitics” and brand perception, Mizuho analysts said. Tesla CEO Elon Musk has become heavily involved in U.S. politics, running the Trump administration’s Department of Government Efficiency, with recent protests and reports of vandalism against Tesla vehicles raising concerns Musk’s political activities could be hurting sales. The analysts also pointed to growing competition in China from Chinese EV makers, and softer-than-expected demand for Tesla’s Model Y refresh.
Mizuho cut its price target from $515 to $430. That’s still well above the consensus target of about $367 from analysts tracked by Visible Alpha.
Last week, analysts from Wells Fargo and JPMorgan lowered their price targets to $130 and $120, respectively, suggesting the stock could also have significant room to fall.
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Tesla shares were down nearly 5% at around $238 in recent trading. The stock has lost about half its value since hitting a record closing of $479.96 on Dec. 17.
Palantir Levels to Watch After 3-Week Losing Streak Snapped
4 hr 12 min ago
Palantir Technologies (PLTR) shares were up slightly on Monday after gaining ground last week for the first time in four weeks.
Shares in the data analytics software company had come under pressure amid the political and economic uncertainty that has roiled financial markets, as well as specific concerns that reduced spending by the Department of Defense could cut into Palantir’s business. The stock fell nearly 40% from its record high, set in mid-February, in less than three weeks.
The stock bounced back last week after the AI investor favorite announced six new large clients and inked a strategic product partnership with Nvidia (NVDA)-backed startup, Databricks.
The shares found buying interest after the price filled an early-February breakaway gap. However, more recently, the price has traded mostly sideways, indicating indecision among market participants. While the relative strength index (RSI) sits below the 50 threshold, the indicator climbed to its highest level in three weeks on Friday, signaling improving momentum.
Investors should watch key support levels on Palantir’s chart around $85 and $66, while also monitoring important resistance levels near $100 and $125.
Palantir shares were up 0.6% at around $86.75 in recent trading.
Read the full technical analysis piece here.
Incyte Tumbles on Skin Condition Drug Trial Results
5 hr 24 min ago
Shares of Incyte (INCY) sank Monday, making it the biggest decliner in the S&P 500 after the release of its latest clinical trial results.
The company issued the Phase III results for povorcitinib, an oral treatment for the skin condition hidradenitis suppurativa (HS). Incyte said both doses of the drug “met their primary endpoint” in the study, reducing the number of abscesses and inflammatory nodules caused by the disease by at least 50% compared to a placebo.
However, the rate at which patients reported a decrease in symptoms was lower than in previous trials for the same drug.
Incyte said Monday that the drug’s safety profile was similar to previous trials, and called the data a positive result. The company said the data supports its previous plans to submit the drug for regulatory approval.
“Given the limitations of current HS treatments and its impact on patients’ daily lives, there is a critical need for new, well tolerated and effective therapies that provide a rapid reduction in the signs and symptoms of HS, in particular, pain,” Incyte Chief Medical Officer Dr. Steven Stein said.
Incyte shares were down around 10% Monday. The move is the stock’s worst day since a disappointing sales guide last month sent shares 7% lower.
D-Wave Quantum Continues Soaring After Breakthrough Claim
5 hr 43 min ago
Shares of D-Wave Quantum (QBTS) soared again Monday following last week’s announcement that its quantum computer bested a supercomputer in a special task.
D-Wave said in a press release last Wednesday announcing the publication of “a scientific breakthrough” in the journal Science that its “annealing quantum computer outperformed one of the world’s most powerful classical supercomputers in solving complex magnetic materials simulation problems with relevance to materials discovery.”
CEO Dr. Alan Baratz called it “an industry first,” arguing that D-Wave’s “annealing quantum computers are now capable of solving useful problems beyond the reach of the world’s most powerful supercomputers.”
Since the announcement, shares of D-Wave Quantum have roughly doubled. The stock was up 8% at around $11 in recent trading
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Shares of another company in the sector, Quantum Computing (QUBT), have also gotten a boost from D-Wave’s announcement and were up 15% on Monday.
Affirm Tumbles as it Loses BNPL Deal With Walmart
6 hr 51 min ago
Affirm (AFRM) shares tumbled Monday morning after rival Klarna, which is preparing to go public in the U.S., said it is now the exclusive provider of Buy Now, Pay Later (BNPL) loans for Walmart (WMT).
Klarna said it would be partnering with OnePay to provide Walmart consumers with installment loans this year. OnePay is a consumer fintech backed by Walmart and Ribbit Capital and is available in the retail giant’s online and physical checkouts, according to a news release.
“This is a game changer,” Klarna CEO Sebastian Siemiatkowski said. “Millions of people in the U.S. shop at Walmart every day — and now they can shop smarter with OnePay installment loans powered by Klarna.”
Once approved for a loan, consumers can choose within the OnePay app on repayment terms ranging from three months to three years.
According to CNBC, which reported the news earlier, the more U.S.-focused Affirm has been the exclusive provider for BNPL loans for Walmart since 2019.
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Affirm shares were down 11% in late-morning trading Monday. The stock is still up more than 30% over the past 12 months.
Norwegian Cruise Line Stock Rises After JPMorgan Upgrade
7 hr 34 min ago
Norwegian Cruise Line Holdings (NCLH) shares advanced Monday when JPMorgan upgraded the stock after the cruise operator’s executives brushed off warnings about a drop in travel demand.
In a note to clients, JPMorgan said that it raised its rating to “overweight” from “neutral” after hosting CFO Mark Kempa and Head of Investor Relations Sarah Inmon at the bank’s 2025 Gaming, Lodging, Restaurant & Leisure Conference in Las Vegas.
The analysts said that the “definitive message” from the pair was that there was “zero detectable change in demand behavior to date despite ‘noise’ in the macro backdrop.” That included “no change in booking curves to indicate irregular patterns, no cracks in onboard spend (including in high discretionary purchase categories of the Spa & Casino), and no change in cancellation rates.”
JPMorgan added that Kempa and Inmon noted that while worries about tariffs have dominated the headlines recently, management hasn’t seen any change in consumer spending patterns. In addition, the carrier isn’t concerned about new taxes on the industry that were hinted at last month by Commerce Secretary Howard Lutnick.
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Norwegian Cruise Line shares were up more than 3% in recent trading but have still lost about 23% since the start of the year.
S&P 500, Nasdaq Composite Down in 6 of Last 7 Weeks
8 hr 27 min ago
The S&P 500 and Nasdaq Composite entered the week on four-week losing streaks, and each has lost ground in six of the past seven weeks.
The S&P 500 and Nasdaq fell 2.3% and 2.4%, respectively, last week. The S&P 500, which hit a record high less than four weeks ago, has lost 7.6% during its seven-week slump, while the Nasdaq has plunged 11% during that stretch.
The Dow shed 3.1% last week, its worst weekly performance since March 2023. The Dow has fallen in four of the last six weeks, and has slipped into negative territory for the year.
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Coming into Monday’s session, the Dow has lost 2.5% since the start of 2025, while the S&P 500 and Nasdaq have declined 4.1% and 8.1%, respectively, over that period.
Gold Levels to Watch After Precious Metal Tops $3,000
9 hr 23 min ago
Gold (XAUUSD) were little changed Monday morning after surpassing the $3,000/oz level for the first time ever late last week.
The precious metal received a boost last week as investors flocked to the safe-haven asset amid concerns that the Trump administration’s unpredictable tariff policies could slow economic growth and accelerate inflation.
Gold consolidated within a two-week pennant before breaking out above the pattern’s top trendline last Thursday, signaling a continuation of the commodity’s longer-term uptrend.
Moreover, the relative strength index (RSI) confirms bullish price momentum with a reading above 50, though a push this week into overbought territory could increase the likelihood of near-term profit-taking.
Bars pattern analysis forecasts an upside target of around $3,365. Investors should watch crucial support levels on gold’s chart near $2,833, $2,790, and $2,721.
Read the full technical analysis piece here.
Major Stock Index Futures Move Lower
10 hr 8 min ago
Futures tied to the Dow Jones Industrial Average were down 0.4%.
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S&P 500 futures slipped 0.2%.
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Nasdaq 100 futures were off 0.1%.
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Source: Dow Jones Today: Stocks Close Higher as Market Continues Bounceback from Recent Selloff;
