Tesla, Nvidia, Applovin, Robinhood, IonQ, Joby: Biggest Movers in Stock, Options Markets
Major stock indexes were mixed Monday as investors await the outcome of trade talks between the U.S. and China in London where the two countries' officials are expected to tackle issues including rare-earth exports.
$Tesla (TSLA.US)$ shares were under pressure Monday after analysts at Baird Equity Research and Argus Research downgraded the stock.
Analysts Ben Kallo and Davis Sunderland at Baird revised their rating for the electric vehicle manufacturer,to "neutral" from "outperform." They expect the EV maker to get just 6,000 robotaxis on the road by the second half of next year, a more pessimistic outlook than CEO Elon Musk’s promise of hundreds of thousands.
Bill Selesky, an analyst at Argus Research, reduced his recommendation to "hold" from "buy," citing EV demand concerns and intensifying competition with automakers $Ford Motor (F.US)$ and $General Motors (GM.US)$.
(See $Tesla (TSLA.US)$ for the reaction in the stock market and click here for Tesla's options chain. )
Nvidia shares rose after the company announced several artificial intelligence initiatives during the London Tech Week. CEO Jensen Huang said the U.K. can attract more startups as it gains the ability to build AI supercomputers, according to a CNBC report. Other chip stocks including AMD, Marvell Technology and Broadcom also rose.
(See $NVIDIA (NVDA.US)$, $Advanced Micro Devices (AMD.US)$, $Marvell Technology (MRVL.US)$ and $Broadcom (AVGO.US)$ for the reaction in the stock market. Click here for Nvidia's options chain, here for AMD's, here for Marvell's and here for Broadcom's.)
Shares of advertising technology firm AppLovin and online trading platform Robinhood Markets retreated after S&P Dow Jones Indices confirmed no alterations would be made to the $S&P 500 Index (.SPX.US)$ during its quarterly rebalancing. The shares gave back gains posted last week on expectations that the companies could join the major index, which could trigger inflows from funds whose holdings mimic the benchmark.
(Click $Applovin (APP.US)$ and $Robinhood (HOOD.US)$ for the reaction in the stock market. Click here for Applovin's options chain, and here for Robinhood's.)
IonQ shares moved higher after the company said it agreed to acquire Oxford Ionics, a British quantum computing startup, in a deal valued at $1.075 billion. IonQ also said its collaborative research efforts with Nvidia, $Amazon (AMZN.US)$’s AWS, and $AstraZeneca (AZN.US)$ showed how hybrid quantum computing can overcome computational limits in high-accuracy molecular modeling and enables the analysis of more complex chemical systems.
Joby Aviation, Archer Aviation, Vertical Aerospace, and Blade Air Mobility shares all advanced. The gains came after the White House issued a directive to federal agencies to expand drone and electric aircraft operations. This order specifically instructs the U.S. Transportation Department to propose new regulations within 30 days, which would allow drones to operate beyond the visual line of sight for both commercial and public safety purposes.
(Click $Joby Aviation (JOBY.US)$, $Archer Aviation (ACHR.US)$, and $Blade Air Mobility (BLDE.US)$ for the reaction in the stock market. See this for Joby's options chain, this for Archer's and this for Blade Air's.)
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Luzi Ann Santos
Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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Trump threatens tariffs on EU, how will markets react?
1. How do you think Trump's tariff threats will impact short-term trends in European and U.S. stocks? 2. Amid tariff negotiation uncertainti
Moo Options Explorer
Apr 7 17:28
Weekly roundup: Tariff turmoil and recession fears dominate
sGpcGhost : talk from what time to what time
74565786 : v
ReymanMeister : Interesting...
venkym : APP having security fraud allegations from graber law office. lets see how moomoo flow works goes bullish or bearish based on charts and news.
venkym : moomoo flow is completely different way to read some cases, than blindly flowing on its flow represtation of bullish or bearish
73228112 : If the negotiation results are favorable, there will be a significant increase in the night market, and tomorrow before the market opens and at the opening, there will definitely be a large increase.
73228112 : Currently, there is a large Inflow of funds.