These Stocks Moved the Most Today: Apple, Amazon, TSMC, Cleveland-Cliffs, Super Micro, Cooper Cos., Tesla, Netflix, and More

A Wall Street sign hangs at the New York Stock Exchange (Photo by ANGELA WEISS/AFP via Getty Images)

Key Points

• Apple stock rises after analysts at Loop Capital boost their rating on the iPhone maker to Buy from Hold on expectations for record iPhone shipments.
• Cleveland-Cliffs soars after the steel maker says it’s exploring ways to produce rare-earths minerals from its iron ore deposits.
• Nvidia unveils its first U.S.-produced Blackwell wafer, made at Taiwan Semiconductor Manufacturing’s Phoenix facility.

Stocks traded higher Monday on signs of easing trade tensions between the U.S. and China. The S&P 500 has fully recovered from its mid-October slide.

These stocks made moves:

Apple rose 3.9% to $262.24 after analysts at Loop Capital raised its rating to Buy from Hold and boosted its price target to $315 from $226 on expectations Apple could set a record for iPhone shipments. It marked its first record close since Dec. 26, according to Dow Jones Market Data. Apple also finished the day with a higher market cap than Microsoft for the first time since Sept. 25.

Nvidia was down 0.3%. On Friday, the AI chip maker unveiled the first Blackwell wafer produced in the U.S., made at Taiwan Semiconductor Manufacturing’s plant in Phoenix. U.S.-listed shares of Taiwan Semi gained 0.9%.

Boeing traded up 1.8%. The aerospace giant will be allowed to increase production of its 737 MAX to 42 planes a month from 38, a cap that was put in place after an emergency door plug blew out of a 737 MAX 9 jet operated by Alaska Air in January 2024.

Cleveland-Cliffs surged 21% after the steel maker said it was exploring ways to produce rare-earths minerals from its iron ore deposits. For the third quarter, Cleveland-Cliffs posted adjusted Ebitda of $143 million, topping analysts’ calls for $128 million, and sales of $4.7 billion, narrowly beating expectations of $4.5 billion.

Super Micro Computer gained 5.5%, making it the second-best performer in the S&P 500 on Monday. Barron’s technical analyst Doug Busch said the stock appeared to be forming a “cup and handle” pattern, a setup in which the price first dips, recovers to previous highs, then pulls back slightly to form the handle before potentially breaking out.

Cooper Cos. jumped 4.2% after The Wall Street Journal reported activist investor Jana Partners has built a stake in the company and plans to push for strategic alternatives, including a potential deal to combine Cooper’s contact-lens unit with rival Bausch + Lomb. The report cited people familiar with the matter. Bausch + Lomb CEO Brent Saunders told the Journal he would be interested in such a combination.

Amazon.com rose 1.6%. A major Amazon Web Services outage disrupted much of the internet on Monday, including apps such as Snap, Coinbase, Roblox, and McDonald’s. The world’s largest cloud provider first reported a problem in its “US-East-1 region” shortly after 3 a.m. Eastern time. By the afternoon, the company said it was “applying mitigations” to several availability zones in the U.S. to end the disruption.

Hologic gained 2.9%. Blackstone and TPG are in advanced talks to acquire the maker of medical devices in a deal valuing Hologic at $17 billion including debt, Bloomberg reported, citing people familiar with the matter. TPG declined to comment in an email to Barron’s.

KLA Corp. rose 4.2% to $1152.88 after Barclays named the stock its top semiconductor equipment pick. Analyst Tom O’Malley upgraded shares to Overweight from Equal Weight, and hiked his price target to $1200 from $750. Shares hit an all-time intraday high of $1161.18 on Monday.

Shares of AI-enabled medicine company Tempus AI climbed 5.3% to $92.45. Canaccord Genuity analyst Kyle Mikson initiated coverage at Buy with a $110 price target, arguing “the potential of AI deployment at scale in clinical practice could support strong long-term revenue growth for Tempus.”

Netflix gained 3.3% on Monday after climbing 1.3% on Friday and snapping a five-session losing streak. The stock has gained nearly 40% this year. The streaming service reports third-quarter earnings after Tuesday’s close.

Tesla rose 1.9% to $447.43. The electric-behicle maker gained 2.5% on Friday, shaking off a Sell rating. Tesla is scheduled to report third-quarter earnings after the markets close on Wednesday.

Rivian Automotive fell 0.4% to $13.08. The stock was downgraded to Underperform from Neutral at Mizuho, with analysts citing slowing EV demand as credits for purchasing an electric vehicle expire. Mizuho reduced the price target to $10 from $14.

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