Corning, Super Micro Computer and Intel were the top three S&P 500 index gainers on the stock market today. Paramount Global Etsy and Chipotle Mexican Grill were the S&P 500's biggest losers on Monday.
Corning surged 12% to 43.05, hitting a three-year high. GLW stock is significantly extended from a 33.87 buy point cleared in April. Early Monday, the optics play gave preliminary second-quarter figures that were higher than prior forecasts, in part due to generative artificial intelligence.
Super Micro stock jumped 6.2% to 899.34, now decisively above the 50-day line. The AI server maker has retaken the 50-day line several times in the past few months, but have fallen back to or below that key level. SMCI stock has a consolidation with a 1,229 buy point. Investors could use the June 20 high of 1,014.02 as an early entry.
Intel stock leapt 6.15% to 33.99, continuing a recent move above a long-sliding 50-day line. INTC stock is still well below the 200-day line. Melius Research said Intel and several other AI laggards could gain ground in the second half.
S&P 500 Losers
Paramount stock declined 53% to 11.18, back below the 50-day line, which is modestly above a long-sliding 200-day line. The entertainment giant has agreed to a complex takeover by Skydance Media after months of on-off talks. PARA stock jumped 13.7% last week on takeover buzz.
Etsy stock slumped 5.3% to 55.37, hitting a four-year low. Shares have been sliding
Chipotle stock tumbled 5.2% to 59.51, the lowest since late April and now decisively below the 50-day line. CMG stock hit a record split-adjusted 69.26 on June 18, but has suffered a number of sharp, high-volume sell-offs since then.
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