Noteworthy S&P 500 Movers on Monday
10 hr 21 min ago
Advancers
Shares of Google parent Alphabet (GOOG, GOOGL) jumped over 6% Monday to notch another all-time closing high. The tech giant’s stock has been pushing higher since last week’s launch of Gemini 3, its latest AI model. Salesforce (CRM) CEO Marc Benioff added to recent praise for Gemini 3 in a social media post on Sunday.
AI chipmaker Broadcom (AVGO), which counts Google as a major customer, saw its stock soar over 11% to log the best performance in the S&P 500 Monday. Shares of memory chip maker Micron Technology (MU), Advanced Micro Devices (AMD), and other semiconductor stocks also gained.
Tesla (TSLA) shares rose nearly 7%. In a social media post over the weekend, CEO Elon Musk touted the electric vehicle maker’s AI chip capabilities and said Tesla plans to “build chips at higher volumes ultimately than all other AI chips combined.” As the company navigates competitive challenges in the EV market, Musk has been emphasizing Tesla’s advances in AI, self-driving technology, and robotics.
Decliners
Shares of cruise operators sank Monday. Shares of Carnival Corp. (CCL) fell close to 7%, dropping the most of any S&P 500 stock. Shares of competitors Royal Caribbean (RCL) and Norwegian Cruise Line Holdings (NCLH), both of which missed revenue forecasts in their most recent quarterly reports, also moved lower. The industry has faced a number of headwinds, including high debt levels and macroeconomic uncertainty weighing on consumer spending.
Paramount Skydance (PSKY) shares slipped about 5%. Late last week, the company reportedly submitted its takeover bid for fellow entertainment giant Warner Bros. Discovery (WBD). While Paramount is said to be interested in acquiring the entirety of Warner Bros. Discovery, including its TV networks, competing suitors Netflix (NFLX) and Comcast (CMCSA) are reported to be interested primarily in the studio and streaming businesses.
Is the AI Trade Making a Comeback?
10 hr 42 min ago
Are investors ready to buy back into the AI trade?
Monday’s market rally, bolstered by a number of AI investor favorites, could point to improving sentiment surrounding the sector, along with growing optimism about a rate cut by the Federal Reserve next month.
After a particularly tough stretch for tech stocks in recent weeks, the sector was one of the strongest in the S&P 500 Monday, with a number of Magnificent Seven members among its biggest gainers.
Shares of Tesla (TSLA), which has increasingly shifted more of its focus on AI, soared nearly 7% to post one of the top performances in the benchmark index after CEO Elon Musk posted over the weekend that the company plans to grow its AI chips business and “build chips at higher volumes ultimately than all other AI chips combined.”
Shares of Google parent Alphabet (GOOGL) also surged over 6% to a closing record, extending recent gains as it won praise from some in Silicon Valley like Salesforce (CRM) CEO Marc Benioff for its newest AI model Gemini 3.
Salesforce CEO Marc Benioff at the U.S.-Saudi Investment Forum last week in Washington, D.C.
Stefani Reynolds / Bloomberg / Getty Images
AI chipmaker Broadcom (AVGO) led the S&P 500 higher Monday, with its shares surging 11%. Other chip firms including Micron (MU) and Advanced Micro Devices (AMD) also gained, with the Philadelphia Semiconductor Index up close to 5%.
Nvidia (NVDA) shares climbed about 2% after Commerce Secretary Howard Lutnick said the Trump administration is considering granting the company more licenses to sell its advanced chips to companies in China.
What’s Healthy About a ‘Healthy’ Market Correction?
11 hr 5 min ago
A lot of people are talking about a market downturn lately. And they’re saying it might be a good thing.
Morgan Stanley chief Ted Pick recently said the firm would “welcome the possibility” of 10%-to-15% drawdowns. Investment strategists at Charles Schwab (SCHW), Edward Jones, and Invesco have called recent market churn “healthy” and an “opportunity.” The Wall Street Journal’s Spencer Jakab said investors “could use a good, long bear market.” And crypto influencer Anthony Pompliano called bitcoin’s recent decline a “pretty healthy reset.”
Their remarks are landing as some Street veterans have started to call a bubble in stock markets, suggesting among other things that the big stocks of companies like Nvidia (NVDA), Microsoft (MSFT) and Amazon (AMZN) could be due for substantial haircuts—and suggesting that a return to cooler times might not be so bad.
It can seem counterintuitive. No one wants to see their portfolio shrink, right? But some experts say that after more than 15 years of seeing stocks go nowhere but up, the market could stand to take a hit—because, they say, corrections can deliver a needed behavioral check; wash out built-up leverage; and realign stock valuations with company fundamentals.
“I would rather not live through a nasty recession and long bear market,” Ritholtz Capital Management’s Ben Carlson wrote recently. “But I know those risks exist. … That’s why I diversify. I don’t use leverage in my portfolio. I don’t have concentrated positions. The name of the game in a long bear market is surviving, both mentally and financially, to live another day in the markets.”
Read the full article here.
Would You Qualify for the Proposed $2,000 Tariff Stimulus Check?
12 hr 41 min ago
The Trump administration is continuing to push for tariff rebate checks, but it’s still unclear exactly who will receive the $2,000 payments.
Although the check proposal is not yet finalized and would likely require congressional approval, the administration is still pushing for the payments. Commerce Secretary Howard Lutnick said on Monday in a televised interview that the checks would likely only be distributed to low- and middle-income earners.
Commerce Secretary Howard Lutnick said on Monday that President Donald Trump’s proposed $2,000 tariff rebate check would go to “people who need the money.”.
Andrew Harnik/Getty Images
“[President Donald Trump is] going to constrain it to people who need the money,” Lutnick said. “What he’s trying to do is to make sure people in America understand that tariffs are their policy. It’s to make America stronger.”
Lutnick’s comments reiterate the idea that Trump’s tariff rebate plan would have an income limit, though officials haven’t offered more details about who could qualify for the proposed tariff “dividend.”
Read the full article here.
Investors Rally Behind Alphabet Stock as Mark Benioff Endorses Gemini 3
13 hr 29 min ago
Alphabet (GOOGL) stock has been on a tear. That run continued Monday.
Drivers in recent session have included a strong earnings report, a new bet on the tech giant from Warren Buffett, and the release of the Google parent’s newest artificial intelligence model. The shares’ runup kept rolling today, leading markets higher, with the stock recently up 6%, setting a record high above $318 earlier in the session, to kick off a holiday-shortened trading week.
VCG / Getty Images
Optimism about the company’s positioning in AI looked to be lifting the stock today, with Google’s newest model, Gemini 3, winning support in Silicon Valley. Salesforce (CRM) CEO Marc Benioff said in a Sunday social media post that “It feels like the world just changed, again” about his first hours using Gemini 3 after using OpenAI’s ChatGPT for years.
Alphabet stock has outpaced the rest of the Magnificent Seven in recent weeks as concerns over an AI bubble have mounted, slowing the AI rally that has powered the market to record highs. Some analysts, meanwhile, have said that Gemini 3 looks to be capable of a wide range of tasks and currently give Google an advantage in the AI landscape.
The company eclipsed $100 billion in revenue in a single quarter for the first time when it reported third-quarter results late last month. Weeks later, the most recent 13-F filing from Buffett’s Berkshire Hathaway (BRK.A, BRK.B) revealed that the investment firm took a new position in Alphabet in the most recent quarter, worth more than $4.3 billion at the end of September.
Anticipation of This Trump Proposal Is Sending Health Insurance Stocks Higher Monday
13 hr 50 min ago
Shares of several major health insurers surged Monday following reports President Donald Trump could be set to unveil a healthcare proposal that would extend Affordable Care Act subsidies.
Molina Healthcare (MOH) shares were up over 3% in recent trading, while Centene (CNC) jumped 5%, and Oscar Health (OSCR) soared 18%.
The plan, which could be unveiled as soon as today, is expected to extend ACA subsidies for about two years and could include new income limits for enrollees, along with minimum premium payments, according to Politico.
President Donald Trump, seen earlier in November, may outline a plan to extend health care subsidies.
Win McNamee / Getty Images
The White House is set to ask Congress to approve funds to reduce cost-sharing, which would lower out-of-pocket expenses for some ACA recipients, Politico reported.
Affordable Care Act insurance plan premiums were a major source of contention in the record government shutdown that ended earlier this month. Democratic lawmakers had blocked funding bills arguing to extend subsidies that lowered ACA plan premiums. The shutdown ended after Congressional Republicans agreed to discuss the premiums after the government reopened.
The White House did not respond to an Investopedia request for comment in time for publication.
Did You Buy the Dip? It Looks Like Retail Investors Are Feeling Good Again
14 hr 8 min ago
The gloom that has hung over Wall Street in recent weeks showed signs of dissipating on Monday.
The tech-heavy Nasdaq Composite was up about 2.4% in recent trading, leading the major indexes higher after lagging during Friday’s rally. Big tech shares and many of Wall Street’s favorite AI stocks were among Monday’s top gainers, with chipmakers Broadcom (AVGO) and Micron (MU) each up more than 7% and all of the Magnificent Seven stocks in the green.
AI stocks were leading markets higher on Monday after a week of crushing volatility.
Spencer Platt / Getty Images
Dip-buying retail investors may be partly responsible. Money poured into S&P 500 exchange-traded funds last week while the index slumped, according to a UBS note, while ETF inflows as a percent of assets under management climbed to their highest level this year—both signs, the analysts wrote, of individual-investor optimism. And inflows into leveraged funds accelerated throughout the sell-off, according to Deutsche Bank analysts, another potential sign of retail’s confidence.
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Kohl’s Turnaround Plan Includes More Bling, Broader Sizing—and a New CEO
14 hr 29 min ago
Kohl’s new CEO is on a charm offensive, pursuing shoppers with private labels and jewelry.
Michael Bender on Monday secured the role full time after helping Kohl’s (KSS) regain some footing as its interim CEO. He steps into the big chair at the retail chain, which had begun to struggle—according to its last CEO, Ashley Buchanan—as it overlooked items that were popular with long-time customers and tried to appeal to a new audience. Buchanan developed a plan to revive the business, but was fired seven weeks later, leaving much of the implementation to Bender.
Kohl’s formally appointed acting CEO Michael Bender CEO on Monday.
Nathan Howard / Bloomberg via Getty Images
Despite the leadership shakeups, Kohl’s had some success with the plan, which calls for focusing more on jewelry, private labels and petite sizes. The company posted second-quarter results that surpassed expectations and raised its outlook in August.
“While we’re pleased by our recent progress, we’re deeply motivated to accelerate our transformation,” Bender said in a statement Monday.
Kohl’s shares were recently up 2%, putting them up 12% so far this year. Still, company shares have lost 8% in the past year and are trading for a fraction of what they sold for in 2022.
Read the full article here.
Is Carvana the ‘New Used Car King?’ These Analysts Think So, and the Stock Is Rising
15 hr 5 min ago
Shares of auto retailer Carvana (CVNA) jumped Monday after Wedbush upgraded the stock, calling the company the “new used car king.”
Wedbush raised its rating to “outperform” from “neutral,” and lifted the price target from $380 to $400. The stock was up 6% at around $328 in recent trading.
In a note to clients, the analysts pointed to the poor performance of the company’s biggest rival, CarMax (KMX), as a reason for a recent decline in Carvana’s shares. They argued the pullback—Carvana was trading around $400 in late July—was overdone, “and investors should take advantage of this period of relative weakness.”
A Carvana dealership in Hollywood, Florida.
Jeffrey Greenberg / Universal Images Group / Getty Images
The analysts added that signs indicate that Carvana “will achieve a leading market position by unit volume in 4Q26,” noting that “momentum has shifted” to the company in recent weeks, with estimates suggesting Carvana “will surpass CarMax’s quarterly used unit volumes six months earlier than initially forecasted.”
Wedbush now sees the Carvana’s current quarter revenue of $5.2 billion, up about 3% from its previous outlook.
Carvana shares have jumped about 60% in 2025, while CarMax shares have slumped roughly 55%.
Six Flags Names New CEO and Stock Rises
15 hr 25 min ago
Six Flags Entertainment shareholders have not been having much FUN this year. Today has been a pleasant surprise.
Six Flags (FUN) stock popped more than 5% in recent trading after the amusement parks operator named a new chief executive, John Reilly, effective Dec. 8.
Reilly, who most recently served as CEO of Palace Entertainment U.S. and Group COO at Parques Reunidos, will take over from Richard Zimmerman, whom the company said on Aug. 6 would be stepping down.
“After a thorough search process, we are thrilled to have appointed an accomplished and experienced leader with the right skillset to enable Six Flags to reach its full potential,” said Marilyn Spiegel, Chair-elect of the Six Flags Board. “John is joining at a critical moment for the Company, following the merger of Six Flags and Cedar Fair last year.
“With a fresh set of eyes, combined with significant experience optimizing theme park operations and performance, we believe John will harness the best of both legacy companies and will reinvigorate profitable growth at our underperforming parks.”
Even with today’s gains, shares of Six Flags are down some 70% this year.
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Novo Nordisk Faces Setback. Here’s What Caused the Ozempic Maker’s Stock to Tumble
16 hr 13 min ago
Novo Nordisk (NVO) shares tumbled Monday morning after the Danish drugmaker posted the latest results from a drug trial.
The company had been looking to determine whether semaglutide, the active ingredient in weight loss drugs Ozempic and Wegovy, could also slow the cognitive decline associated with Alzheimer’s disease. The trial’s goal was to slow the decline by at least 20%, CNBC reported, but Novo Nordisk said Monday that although the drug did improve unspecified “biomarkers” related to Alzheimer’s, it did not slow the progression of the disease itself.
Sergei Gapon / AFP / Getty Images
Analysts had been uncertain of how likely the trial was to achieve its goals, and about whether demand for Ozempic and Wegovy is still growing. Morgan Stanley analysts downgraded the drugmaker’s stock in September.
“Based on the significant unmet need in Alzheimer’s disease as well as a number of indicative data points, we felt we had a responsibility to explore semaglutide’s potential, despite a low likelihood of success,” Novo Nordisk Chief Scientific Officer Martin Holst Lange said.
Read the full article here.
Elon Musk Talks Up Tesla’s AI Chip Capabilities. Its Stock Is Surging
17 hr 13 min ago
Elon Musk wants investors to know Tesla is an AI chip company, too.
“Most people don’t know that Tesla has had an advanced AI chip and board engineering team for many years,” the CEO posted on his social media site X Sunday, continuing that Tesla (TSLA) “has already designed and deployed several million AI chips” in its vehicles and data centers.
Tesla’s stock was one of the biggest gainers in the S&P 500 Monday following Elon Musk’s post over the weekend.
BRENDAN SMIALOWSKI / AFP / Getty Images
Tesla’s stock surged over 6% in recent trading following the post, making it one of the biggest gainers in the S&P 500. Rising expectations of a Federal Reserve rate cut next month—which could also benefit the electric vehicle maker by stimulating demand for big-ticket purchases—likely also helped boost sentiment for the stock Monday, along with broader markets.
Read the full article here.
Tyson Foods to ‘Right-Size Its Beef Business’
17 hr 31 min ago
Tyson Foods (TSN) is going to “right-size its beef business.” Investors are cheering the news.
Shares of the meat giant are jumping 5% after the company late Friday said it “will end operations at its Lexington, Nebraska, beef facility and convert its Amarillo, Texas, beef facility to a single, full-capacity shift.”
Tyson Foods added that “to meet customer demand, production will be increased at other company beef facilities, optimizing volumes across our network.”
Tyson Foods reported a beef adjusted operating loss of $426 million in its recently completed fiscal 2025, and said it anticipates a beef adjusted operating loss between $400 million and $600 million in fiscal 2026 amid a cattle shortage.
“With these changes, Tyson Foods is ensuring that it will continue to deliver high-quality, affordable, and nutritious protein for generations to come,” it said.
Despite today’s advance, shares of Tyson Foods remain slightly negative this year.
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The New Reality of Retirement: Work Doesn’t End When You Claim Social Security
18 hr 20 min ago
While most Americans stop working and begin to live off their retirement savings and Social Security benefits—many still need to work to keep up with their expenses, a new report found.
In 2022, approximately 40% of Social Security recipients worked at some point after claiming benefits, according to an analysis from the Center for Retirement Research at Boston College. Some of these workers began receiving Social Security benefits before they retired. But others had to return to work to supplement their benefits to make ends meet.
About 40% of Social Security beneficiaries work after claiming, displaying that in many cases, the benefits are not enough.
Elizabeth Guevara / Investopedia
Lawmakers and advocates have argued that Social Security benefits are not keeping up with retirees’ rising expenses. Between 2010 and 2024, the annual cost-of-living adjustments for Social Security have not kept pace with inflation, resulting in a loss of approximately 20% of buying power for beneficiaries, according to a report by The Senior Citizens League.
Read the full article here.
US Foods, Performance Food Group Shares Move in Opposite Directions After They Call Off Merger Talks
18 hr 48 min ago
US Foods Holdings and Performance Food Group called off their merger talks Monday. Investors are rewarding one of the stocks.
Shares of US Foods Holdings (USFD) surged 5.5% in early trading after the company and fellow food-distribution firm Performance Food Group (PFGC) “mutually agreed to terminate the previously announced information sharing process and will no longer pursue a potential business combination.”
However, shares of Performance Food Group (PFGC) slipped almost 3% after the companies called off a proposed merger.
“Our Board of Directors is unanimous in its belief that the clearest and best path to long-term stockholder values is executing our standalone strategic plan, leveraging our diverse business segments to drive consistent revenue and profit growth,” PFG CEO George Holm said. “The strength of our recently reported fiscal first quarter results and continued momentum supports the confidence in our ability to drive value for stockholders independently.”
PFG affirmed its recently issued fiscal 2026 second-quarter and full-year outlooks.
US Foods and Performance Food Group called off their merger talks.
Smith Collection / Gado / Getty Images
‘Sell America’ Is Over—Global Investors Are Sticking With US Treasurys
20 hr 7 min ago
If there were any lingering thoughts that foreign investors are dumping U.S. Treasury securities—and threatening to raise interest rates for American households—the latest data from the federal government put it to rest.
New data from the Treasury Department showed continued appetite among foreign investors for U.S. securities, including the bonds that the Treasury issues to finance deficits. Net capital inflows were over $300 billion in August and September.
It’s the latest evidence that the fears of massive outflows from U.S. government bonds after President Donald Trump’s more-aggressive-than-expected tariff announcements in April haven’t panned out.
“That ‘Sell America’ thing was a one-week trade back in April. Since then, it’s absolutely been ‘Buy America Back,’” wrote Benjamin Schroeder, senior rates strategist at the Dutch bank ING.
Read the full article here.
JPMorgan Has 15 Ideas for ‘Bargain Hunting’ Tech Stock Investors
20 hr 47 min ago
Is it time to start buying tech stocks again?
JPMorgan says so, with analysts telling clients in a note Thursday—a day after Nvidia’s (NVDA) blockbuster earnings hit markets—that it could be time to go “bargain hunting” among the shares of hardware and networking companies that have taken big hits in recent weeks amid worries about an AI bubble.
Shares of Dell, Arista Networks, and other tech stocks have taken a hit in recent weeks amid worries about an AI bubble.
Sheldon Cooper / SOPA Images / LightRocket / Getty Images
The analysts listed 15 stocks particularly exposed to AI that they believe represent the biggest bargains, with the most “overblown” risk already priced in, and strong fundamentals that could leave them poised for big gains.
Most of the stocks JPMorgan recommends have declined between around 10% to 30% from their highs of the last four weeks, with one down nearly 40%, and one off just about 5%.
Read the full article here.
Is the Stock Market Open for Thanksgiving and Black Friday?
21 hr 15 min ago
Traders get a break this week after a busy stretch in markets.
U.S. stock and bond markets are closed Thursday, Nov. 27, for Thanksgiving Day. Trading picks up again Friday—or Black Friday, if you prefer—but the days are shortened: The stock market closes at 1 p.m., while the bond market is set to close at 2 p.m.
Thanksgiving Day may or may not be one for dancing, but it’s definitely not for trading stocks or bonds.
Peter Kramer / NBC via Getty Images
The next trading breaks come around the Christmas and New Year’s holidays.
The stock market will close at 1 p.m., and the bond market at 2 p.m. on Wednesday, Dec. 24, for Christmas Eve, and remain closed through the holiday on Dec. 25.
Both markets are closed on Jan. 1, 2026, for New Year’s Day. Stock traders have a full day on New Year’s Eve, but bond trading ends at 2 p.m. on Wednesday, Dec. 31.
Stock Futures Rise to Begin Holiday-Shortened Week
21 hr 39 min ago
Futures contracts tied to the Dow Jones Industrial Average were fractionally higher.
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S&P 500 futures were up 0.3%.
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Nasdaq 100 futures pointed 0.6% higher.
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