Tesla, Constellation Energy and Carnival Corp. were the top three S&P 500 index gainers on the stock market today. Discovery, Mosaic and Schlumberger were Monday's biggest S&P 500 losers.
Tesla stock surged 8% to 1,091.84. On Monday, Tesla said it would ask shareholders to approve a TSLA stock split later this year. That overshadowed a Shanghai production halt due to a Covid lockdown in the city, as well as Elon Musk contracting the coronavirus again. Tesla stock has rallied in nine of the past 10 sessions, closing in on a 1208.10 buy point.
CEG stock popped 5.5% to 56.78, breaking out to a new high from its first-ever base. Nuclear power-focused Constellation Energy, spun off from Exelon, began trading on Feb. 2.
CCL stock jumped 5.5% to 19.40, continuing a bounce from early March lows. But Carnival and other cruise line stocks are still in deep downtrends, with CCL stock below its long-declining 50-day and 200-day lines.
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S&P 500 Losers Today
DISCA stock tumbled 6.5% to 25.58, falling from its 50-day and 200-day lines. The K-class shares of Discovery, slumped 6.2%. Discovery will soon merge with WarnerMedia, which is being spun off from AT&T as it gets out of the content business.
MOS stock lost 4.7% to 67.97, but from record highs. Mosaic and other fertilizer makers have soared in recent months, but commodity-related plays retreated Monday.
SLB stock sank 4.5% to 41.73, but not far from a 52-week high. Schlumberger and fellow oilfield services giants have soared in recent months along with crude oil prices. But U.S. crude futures tumbled 7% on Monday.
Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.
