- Robinhood Markets (HOOD) shares slipped after traders came to learn that the financial services platform was not being added to the S&P 500. Last week, traders were speculating Robinhood would be added to the index as part of the index’s quarterly rebalancing but shares duly slumped as much as 8.4% intraday before closing 2% lower on Monday, giving back some of their recent rally.
- Qualcomm (QCOM) rose Monday on the news that the semiconductor maker had agreed to buy London-listed semiconductor company Alphawave IP Group Plc for about $2.4 billion in cash to expand its technology for artificial intelligence. The deal, which is still subject to regulatory and shareholder approval, is expected to close in the first quarter of 2026.
- Goodyear Tire (GT) shares jumped nearly 11% on Monday, after BNP Paribas Exane upgraded the tire seller to outperform from neutral, calling the company “a true tariffs winner” whose industry-low tariff exposure will drive “meaningful” earnings upside. Analyst James Picariello estimates Goodyear's tariff advantage drives an estimated 10.5 point relative cost advantage for the company.
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