Market Movers: Trump Media, Apple, Goldman Sachs Lead Stock Surge

Stocks making the biggest moves midday: Trump Media, Macy's, Goldman, Coinbase and more

Check out the companies making headlines in midday trading. Humana , UnitedHealth Group -- Health care insurers rose as a group Monday as the greater likelihood of a Trump victory raised hopes of fewer cost pressures. Shares of Humana and UnitedHealth Group gained around 1% each. Wolfe Research on Monday also named Humana as a potential beneficiary of a Republican win. Trump Media & Technology -- Shares jumped nearly 29% as investors reacted to Saturday's attempted assassination of former President Donald Trump , which has fueled increased conviction of a Trump win in this year's presidential election. Trump Media is the parent of social media platform Truth Social. Macy's -- Shares sank 12% after the department store ended negotiations with Arkhouse and Brigade, which wanted to buy Macy's for about $6.9 billion and take it private. Sturm, Ruger & Company , Smith & Wesson -- Shares of the firearm manufacturing companies rose after Saturday's shooting at Trump's rally. Sturm, Ruger & Company rose 7%, while Smith & Wesson jumped 10%. Gun stocks tend to rise after a mass shooting, as investors bet individuals will buy more firearms in fear that availability will become more restricted. SolarEdge Technologies -- Shares retreated 13% after the solar company announced plans to lay off 400 employees in an effort to restore profitability as revenue has declined. Other solar stocks also slid in tandem. Shares of Sunrun , Sunnova Energy and NextEra Energy , respectively, lost 11%, 9% and 5%. Goldman Sachs -- Shares advanced 1% after the bank reported an earnings beat in the second quarter. Goldman posted earnings per share of $8.62 on revenue of $12.73 billion, while analysts polled by LSEG had expected earnings of $8.34 per share on revenue of $12.46 billion. Coinbase , Marathon Digital -- Crypto stocks moved higher as investors increased their bets on a Trump election win, which they expect will benefit cryptocurrencies. The Republican candidate has recently telegraphed a positive view of the asset class. Coinbase Global added nearly 13%, while Marathon Digital and MicroStrategy gained 16% and 15%, respectively. Bitcoin also climbed above $63,000 on Monday, providing the stocks with further support. Apple -- Shares of the iPhone maker gained 2% after Loop Capital upgraded Apple to buy , saying the company's upcoming and future artificial intelligence integrations could allow it to become consumers' Gen AI "base camp" of choice. Bloomberg News also reported that Apple's annual India sales grew to a record of $8 billion in the 12 months ended March from a year earlier. Baxter International -- Shares of the medical products company lost 3% on the back of a Morgan Stanley downgrade to underweight from equal weight. The firm said Baxter has limited upside even though it is trading at its lowest level in almost a decade. Tesla -- The electric vehicle stock added nearly 5%, continuing its rally of more than 31% this month. -- CNBC's Hakyung Kim, Sarah Min, Lisa Kailai Han and Michelle Fox contributed reporting.

Stocks making the biggest moves premarket: Trump Media & Technology, Apple, Super Micro Computer and more

Check out the companies making headlines before the bell. Trump Media & Technology -- Shares of the Truth Social parent popped more than 50% following the attempted assassination of former President Donald Trump on Saturday. Some have argued that the attempt could boost the odds of a Trump victory in the November election. Apple -- Apple shares gained 2%. Loop Capital upgraded the technology giant to a buy rating, saying that its upcoming and future AI integrations create an opportunity for the iPhone maker to become the generative AI "base camp" of choice. Bloomberg News also reported that the company's sales in India grew 33% year over year through March to a record $8 billion. Super Micro Computer -- Shares of Super Micro Computer, which makes graphics processing unit servers, rose 3.6% on the announcement that the company will replace pharmacy chain Walgreens Boots Alliance in the Nasdaq 100 index before the start of trading on July 22. Goldman Sachs -- Shares slipped less than 1% after the bank posted a second-quarter earnings beat . Goldman posted per-share earnings of $8.62 on revenue of $12.73 billion, while analysts polled by LSEG had expected earnings of $8.34 on revenue of $12.46 billion. Crypto stocks -- Shares of bitcoin miners and cryptocurrency stocks rose as bitcoin and Ethereum popped more than 4%. Coinbase jumped about 5%, alongside Marathon Digital and CleanSpark and Riot Platforms . SolarEdge Technologies -- The solar stock shed about 9% after announcing plans to lay off 400 employees as it aims to restore profitability amid a period of declining revenues. Other solar stocks moved lower, with Sunrun and Sunnova Energy last down more than 6% each. Nextera Energy slipped 2%. Cleveland-Cliffs -- The steel producer declined 3.5% after announcing its acquisition of Canadian steel mill company Stelco Holdings in a CAD$3.4 billion, or around $2.5 billion deal. Tesla -- The electric vehicle stock rose 4%, building on a more than 25% gain so far this month. AutoNation -- AutoNation shares declined less than 1% after the automotive retailer said it expects a hit to second-quarter earnings as a result of a cyber incident with CDK Global, a third-party provider of information systems BlackRock -- Shares rose 1.2%. The world's largest asset manager posted second-quarter adjusted per-share earnings of $10.36, exceeding the LSEG consensus estimate of $9.93. However, revenue of $4.81 billion came in below the $4.85 billion forecast. Baxter International -- The medical products stock fell more than 2% after being downgraded to underweight from equal-weight by Morgan Stanley. The investment firm said Baxter has limited upside despite trading at its lowest level in nearly a decade. -- CNBC's Lisa Han, Hakyung Kim, Sarah Min, Jesse Pound and Pia Singh contributed reporting

Goldman, Apple, Trump Media rise premarket; SolarEdge falls By Investing.com

Investing.com -- U.S. stock futures rose Monday, as investors digested the political turmoil over the weekend ahead of a speech by Fed chief Jerome Powell and more corporate results. Goldman Sachs (NYSE:GS) stock rose 0.8% after the investment bank reported a more than doubling of profit in the second quarter, bolstered by higher fees from debt underwriting and a strong performance in its fixed-income trading business. Apple (NASDAQ:AAPL) stock rose 2% after Morgan Stanley (NYSE:MS) raised its price target on the iPhone maker's shares to $273 from $216, and designated the stock as a "top pick," citing the company's AI efforts as a boost to device sales. Trump Media & Technology Group (NASDAQ:DJT) stock soared 47% following a dramatic weekend marked by what authorities are investigating as an assassination attempt on former U.S. President Donald Trump. AutoNation (NYSE:AN) stock fell 3% after the auto retailer said it expects a hit to its second-quarter profit due to the disruptions caused by a cyberattack at retail technology provider CDK in June. SolarEdge (NASDAQ:SEDG) stock fell 7.5% after the renewable energy firm said it would lay off 400 employees, of which 200 are in Israel, as it works to restore profitability and ensure financial stability. Cleveland-Cliffs (NYSE:CLF) stock fell 2.6% after the U.S. steelmaker announced plans to buy Canadian peer Stelco Holdings in a cash-and-stock deal valued at about $2.5 billion. BlackRock (NYSE:BLK) stock rose 0.4% after the assets managed by the world's largest asset manager hit a record $10.65 trillion in the second quarter thanks to rising client asset values and as investors pumped money into the company's ETFs.