Stocks Surge as Market Rebounds From Sell-Off; Palantir Jumps Ahead of Earnings, Nvidia, AMD Lead Chip Sector Gains

Where Traders Expect Palantir Shares to Go After Earnings

7 minutes ago

Traders expect that the best-performing S&P 500 stock of 2025 could make another big move.

Current options pricing suggests traders expect shares of Palantir Technologies (PLTR), which is due to release earnings after the closing bell. could move nearly 11% by Friday’s close from its recent level around $160. A move of that scale either would lift shares to a record high above $177, or drop them to about $142.

Palantir’s stock has registered an average post-earnings move of more than 17% over the past four quarters, rising in three of those instances. May was the exception, when shares slumped 12% the day after earnings as investors may have viewed the company’s latest results as not living up to prior blowout earnings performances in February and last November.

Heading into earnings, analysts are split on the AI darling. Just two brokers covering Palantir and tracked by Visible Alpha have “buy” ratings for the stock, compared with seven “hold” ratings, and three recommending a “sell.” Their average price target just above $107 is roughly a third lower than Palantir’s recent levels.

Shares of Palantir have more than doubled in price this year, as the company’s AI software has become a mainstay, particularly within U.S. government  agencies.

–Andrew Kessel

Onsemi Leads S&P 500 Decliners After Earnings

50 minutes ago

ON Semiconductor (ON) was the worst-performing stock in the S&P 500 Monday, sinking as its chief executive warned customers are being “cautious” and sales slide.

The Scottsdale, Ariz., maker of semiconductors and other products focused on automotive and industrial end markets reported second-quarter adjusted earnings per share of $0.53, matching the consensus estimate of analysts surveyed by Visible Alpha. Revenue fell 15% year-over-year to $1.47 billion, but came in a tick better than expected.

For the current quarter, Onsemi sees adjusted EPS between $0.54 and $0.64 on revenue between $1.465 billion and $1.565 billion. Analysts were looking for $0.58 and $1.495 billion, respectively.

“We are beginning to see signs of stabilization across our end markets, and we remain well-positioned to benefit from a market recovery,” Onsemi CEO Hassane El-Khoury said in the company’s earnings release.

Onsemi’s automotive revenue fell 4% quarter-over-quarter to $733 million.

Asked about headwinds in the automotive sector on the company’s call with analysts, El-Khoury said that “both Europe and North America are weak,” and that he believes “there’s a lot of uncertainty in the automotive market,” according to an AlphaSense transcript.

Asked for further comment, El-Khoury said, “You have the tariff and you have just the general uncertainty of end market demand. So you see customers waiting to the last minute to place an order and an end.”

ON Semiconductor shares were down 13% in recent trading.

–Aaron Rennie

IDEXX Lab Stock Soars to Pace S&P 500 Gainers

1 hr 45 min ago

Shares of IDEXX Laboratories (IDXX) jumped Monday after the pet health care company reported better-than-expected second-quarter results and raised its 2025 profit and revenue forecasts.

The Westbrook, Maine-based firm posted GAAP earnings per share of $3.63 on revenue that increased 11% year-over-year to $1.11 billion. Analysts surveyed by Visible Alpha had expected $3.30 and $1.06 billion, respectively.

IDEXX lifted its full-year EPS projection to a range of $12.40 to $12.76 from the prior $11.93 to $12.43. It also raised its revenue outlook to $4.205 billion to $4.280 billion from $4.095 billion to $4.210 billion.

“Our focus on helping veterinarians gain deeper diagnostic insights to inform patient care continues to drive customer loyalty and sets a solid foundation for sustained long-term growth,” IDEXX CEO Jay Mazelsky said.

The stock was up 26% recently, leading S&P 500 advancers. With today’s surge, IDEXX Laboratories shares have added more than 60% of their value in 2025.

–Aaron Rennie

Tesla Approves Musk Stock Award Worth $29B

3 hr 22 min ago

The world’s richest man just got a lot richer.

In a regulatory filing, Tesla (TSLA) reported that CEO Elon Musk would receive 96 million shares of restricted stock as part of an “Interim Award” under the electric vehicle maker’s 2019 Equity Incentive Plan. At Friday’s closing price of $302.63, that would value the agreement at about $29 billion.

The company noted the decision came after the board earlier this year “established a special committee … to consider certain compensation matters involving Elon Musk.” That committee, consisting of disinterested directors Robyn Denholm and Kathleen Wilson-Thompson, made the recommendation, which was approved by the board yesterday.

Tesla noted the stock will vest two years from now, providing Musk remains CEO or holds another key executive position, and he will have to pay $23.34 per share for them. However, he will forfeit all the award if the courts eventually decide he can receive the estimated $56 billion pay package from 2018 that was approved by shareholders. A Delaware judge struck down that deal, agreeing with plaintiffs who argued that it was excessive. 

Tesla shares were up nearly 2% in midday trading Monday, but they’ve lost nearly a quarter of their value year-to-date.

–Bill McColl

What Analysts Think of Palantir Stock Ahead of Earnings

4 hr 38 min ago

Palantir Technologies (PLTR) is scheduled to report second-quarter results after the closing bell Monday, with analysts divided on one of 2025’s hottest stocks.

Shares of Palantir have more than doubled in price this year, leading the best-performing S&P 500 companies, as the company’s AI software has become a mainstay, particularly within U.S. government agencies.

However, Wall Street largely has been wary of the meteoric rise. The consensus price target among analysts tracked by Visible Alpha is just over $107—roughly 30% lower than Palantir’s Friday close above $154.

Just two out of 12 analysts have a “buy” or equivalent rating for Palantir stock, alongside seven “hold” ratings and three “sell” recommendations, according to Visible Alpha data. One such bull is Wedbush Securities, which last month lifted its Palantir price target to $160. To hear Wedbush analyst Dan Ives tell it, the Street has it wrong.

“We believe the Street is underestimating the $1 billion+ revenue stream that [Palantir’s Artificial Intelligence Platform] US commercial business can evolve into over the next few years and the technology competitive moat that [CEO Alex] Karp & Co. have built,” Wedbush said.

For the second quarter, analysts expect Palantir to report revenue of $939.6 million, up 39% year-over-year, and adjusted earnings per share of 14 cents, rising from 9 cents a year earlier.

Palantir shares were up about 3% in recent trading.

–Andrew Kessel

Amazon Levels to Watch After Post-Earnings Slide

5 hr 44 min ago

Amazon (AMZN) shares are in focus to start the week after plunging Friday as quarterly results from the e-commerce and cloud provider failed to impress investors.

While the company posted growth in its Amazon Web Services business, investors may have expected more after rivals Microsoft (MSFT) and Google parent Alphabet (GOOGL) recently reported strong results in their cloud units. The company’s AWS revenue grew 17.5% in its latest quarter, well below Microsoft’s Azure growth of 39% and trailing the 32% sales increase in Google Cloud Platform.2 Following the results, analysts at Jefferies said that AWS growth was “disappointing given big momentum at Azure and GPC.” 

Amazon shares fell 8% to just close Friday’s session at just below $215, pushing the stock into negative territory for the year. Some analysts raised their price targets on Amazon following the earnings report, with those at JPMorgan analysts saying they “would buy the pullback.”

Since setting their early-April low, Amazon shares had trended higher within a rising wedge, a move that coincided with the 50-day moving average (MA) recently crossing above the 200-day MA to form a bullish golden cross.

However, the stock’s upward momentum ended abruptly Friday, with the price closing below the rising wedge pattern’s lower trendline, potentially laying the groundwork for further selling.

Investors should watch key support levels on Amazon’s chart around $199, $190 and $175, while also monitoring a major overhead area near $233.

The stock was up slightly at around $215.50 in recent trading.

Read the full technical analysis piece here.

–Timothy Smith

Stock Index Futures Point to Higher Open

7 hr 25 min ago

Futures tied to the Dow Jones Industrial Average were up 0.5%.

S&P 500 futures also gained 0.5%.

Nasdaq 100 futures rose 0.7%.