Stocks across sectors traded sharply higher and lower in Monday’s midday session, with fresh deal activity and shifting bets on energy and rates driving moves in names ranging from aerospace and airlines to media and memory.
Notably, SpaceX shares climbed on the company’s Nasdaq debut, while Ferrari gained after a brokerage upgrade. In contrast, energy stocks slid as crude prices fell on signals related to the U.S.-Iran situation. Media and streaming shares were also volatile after Fox announced it will acquire Roku.
Key takeaways
- SpaceX shares rose about 9% after the company’s second day of trading, reflecting investor enthusiasm following its Nasdaq debut.
- Ferrari climbed roughly 5% after Morgan Stanley upgraded the stock and cited demand strength for special and collectible models.
- Energy stocks dropped as U.S. oil prices fell around 5% following a U.S.-Iran development tied to the Strait of Hormuz.
- Fox shares fell about 15% despite the company announcing a Roku acquisition at a premium, underscoring investor skepticism about the deal economics.
- Airline and cruise stocks rose as lower fuel prices supported earnings expectations.
What drove the biggest stock moves
Several catalysts drove Monday’s winners and losers, with corporate actions and upgrades accounting for much of the activity.
Aerospace: SpaceX debut lift, upgrades bring support
Shares of SpaceX climbed about 9% in its second day of trading after the company opened with strength on Friday, rising roughly 19% from its initial public offering price of $135 per share. The IPO raised $85.7 billion, including the underwriters’ “greenshoe” overallotment. The stock’s early performance continued to attract momentum as investors digested the listing.
Elsewhere in aerospace, Firefly Aerospace and Rocket Lab both rose around 5% after KeyBanc upgraded both names to overweight. The moves came after Firefly and Rocket Lab dropped significantly on Friday, including a roughly 19% decline for Firefly and more than 10% for Rocket Lab, which some investors tied to capital rotating toward the newly public SpaceX.
Luxury autos: Ferrari upgrade and demand signals
Ferrari gained about 5% after Morgan Stanley upgraded the stock to overweight from equal weight and set a price target of $438. Analysts attributed the company’s prior downturn over the past year to value compression rather than deterioration in earnings or the Ferrari brand. The brokerage also pointed to dealer visits in the U.S. and Europe indicating strong demand for the automaker’s special series and collectible models.
Travel deals: Tripadvisor sells European platform
Tripadvisor surged nearly 7% after announcing the sale of its European online restaurant reservation platform, The Fork, to American Express. Starboard, an activist investor, had previously pushed for Tripadvisor to sell The Fork and consider strategic options for the broader company. American Express, which also owns Resy, rose about 4% on the news.
Industrial: Generac expands manufacturing capacity
Generac Holdings increased around 2% after it announced plans to acquire a new facility in Belvidere, Illinois. The company said the deal is intended to expand its packaging capacity for large-megawatt power generators, a development investors may view as supportive for future output and product scaling.
Energy and travel tradeoffs hinge on oil prices
Energy and transport stocks moved in opposite directions as crude prices fell. According to the market snapshot, U.S. oil dropped about 5% to roughly $80 per barrel following a U.S.-Iran deal expected to reopen the Strait of Hormuz, easing supply-related concerns.
The decline in crude weighed on major energy producers and refiners. APA shares fell more than 5%, while Devon Energy was down nearly 2%. Marathon Petroleum dropped more than 4%, and EOG Resources declined close to 3%. Chevron and Exxon Mobil were also lower by about 4% each.
Lower fuel costs proved a tailwind for airlines and cruise operators. United Airlines rose more than 5%, while Delta Air Lines gained about 2%. In leisure travel, Norwegian Cruise Line and Carnival were up around 4%, and Royal Caribbean increased roughly 6%.
Why oil’s move mattered for rates expectations
The market’s response also reflected changing expectations for how the Fed may think about inflation. The report noted that investors rotated back toward gold after the potential U.S.-Iran peace deal reduced worries that the Federal Reserve would need to hike rates in coming months to fight rising prices tied to the conflict. That shift may help explain why energy weighed while gold-linked exposure improved.
Freeport-McMoRan rose more than 1% as gold prices increased more than 3% on Monday.
Media and technology: Fox-Roku deal and memory rally
Media and tech names reacted to both deal headlines and analyst updates.
Fox sinks on Roku acquisition terms
Fox Corporation shares fell about 15% after the company said it would acquire Roku for $160 per share, an approximately 11% premium to Roku’s Friday close. The cash-and-stock deal would combine assets across sports, news and streaming, according to Fox’s announcement. Despite the premium, the sharp drop suggests investors were focused on the value of the consideration, expected integration costs, or broader questions about monetization in streaming.
Roku’s Nasdaq-traded shares were down slightly in the same period.
Micron climbs as analysts call memory structural
Micron Technology rose more than 9% as technology shares rallied broadly and the stock received a price target increase from TD Cowen. The firm forecast Micron could reach $1,500 and described the role of memory in artificial intelligence buildouts as structural rather than cyclical—an assessment that supported the higher valuation view.
What to watch next
Investors will likely focus on whether Monday’s macro drivers—oil direction, rate expectations, and the implications of the U.S.-Iran development—hold through upcoming data and central-bank commentary. Additional attention will also be on company-specific catalysts, including progress on the Fox-Roku combination and the execution details behind recent facility and platform moves in areas such as power generation and travel reservations.
