These Stocks Moved the Most Today: Tesla, AMD, ASML, Nike, Revvity, Charter, and More

Traders work on the floor of the New York Stock Exchange. (AFP via Getty Images)

Stocks were mixed Monday after President Donald Trump said he reached a trade agreement with the European Union. The deal, reached Sunday, came ahead of the busiest week for corporate earnings reports, an interest-rate decision from the Federal Reserve, the U.S. jobs report for July, and Trump’s Aug. 1 tariffs deadline.

These stocks moved Monday:

Tesla rose 3% after Trump said he struck a deal to set 15% tariffs on goods from the European Union, including automobiles. Tesla operates Gigafactory Berlin-Brandenburg in Germany. The factory makes Model Y vehicles and battery cells.

Separately, CEO Elon Musk said the electric-vehicle company signed a $16.5 billion deal with Samsung Electronics to produce new-generation chips. “Samsung’s giant new Texas fab will be dedicated to making Tesla’s next-generation AI6 chip. The strategic importance of this is hard to overstate,” Musk said in a post on X. “Samsung currently makes AI4. TSMC will make AI5, which just finished design, initially in Taiwan and then Arizona.”

Lockheed Martin was flat after Trump said the EU agreed to buy large quantities of military equipment under the trade agreement. Shares of RTX reversed earlier gains and fell 0.5%.

Boeing was up 1.4%. Workers in St. Louis rejected a contract offer, increasing the odds of another labor strike occurring less than a year after a 53-day strike paralyzed production of 737 MAX jets and other planes. A press release from the International Association of Machinists and Aerospace Workers said more than 3,200 IAM District 837 members at Boeing facilities in St. Louis, St. Charles, Mo., and Mascoutah, Ill., “have overwhelmingly voted to reject the company’s contract offer during a vote held on Sunday, July 27,” triggering a seven-day cooling-off period before a strike would begin.

Cheniere Energy, a provider of liquefied natural gas, was up 1.4% after the EU agreed to buy $750 billion of U.S. energy products, including LNG, oil, and nuclear fuel, under the trade deal.

U.S.-listed shares of ASML climbed 2.6% and other European semiconductor companies traded higher after the U.S. and EU hashed out a trade deal. Shares of U.S. chip makers also saw gains as Advanced Micro Devices jumped 4.3% to $173.66. UBS analysts raised their price target on AMD to $210 from $150 and maintained a Buy rating on the shares. Intel was down slightly after trading higher.

Nike rose 3.9% to $79.24 after shares of the athletic apparel maker were upgraded to Overweight from Neutral at J.P. Morgan and the price target was boosted to $93 from $64. The analysts believe the company has visibility towards a “multi-year recovery path” after months of sales growth trailing inventory growth.

Revvity tumbled 8.3% after the health sciences company posted mixed second-quarter results and trimmed its adjusted earnings guidance for the full year.

Charter Communications extended losses, falling 3.7% on Monday, even after shares were upgraded to Outperform from Market Perform at Bernstein. The operator of Spectrum pay TV and internet services declined more than 18% on Friday —the stock’s largest daily percentage drop on record—after missing quarterly profit expectations as it lost about 417,000 subscribers across its internet, video, and wireline voice services.

Earnings reports were expected Monday from Cadence Design Systems, Welltower, Waste Management, and Nucor.

Reports are expected later in the week from Microsoft, Apple, Amazon.com, Meta Platforms, UnitedHealth, CVS Health, Exxon Mobil, Chevron, Qualcomm, Visa, Procter & Gamble, Merck, Boeing, United Parcel Service, AbbVie, Arm Holdings, Coinbase Global, Robinhood Markets, Bristol Myers Squibb, Booking Holdings, Spotify, Starbucks, Royal Caribbean, PayPal, Electronic Arts, Lam Research, Carvana, Comcast, MicroStrategy, Moderna, and Colgate-Palmolive.

Write to Joe Woelfel at joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com