Rare Earths — The sector is experiencing a surge following a report from Bloomberg News indicating that Australia’s Prime Minister intends to offer his country’s resource holdings to President Donald Trump. This comes in response to China’s recent move to limit exports to the U.S. Shares of United States Antimony soared nearly 15%, while Critical Metals and USA Rare Earth saw increases of 9% and 6%, respectively.
Liberty Energy — Shares rose 5.6%, building on a significant rally of over 28% from Friday. Although the energy services company fell short of analysts’ expectations for third-quarter revenue, investors reacted positively to optimistic sales commentary.
Hologic — The medical imaging stock climbed 4.5% after Bloomberg reported that Blackstone and TPG are nearing a deal for a more than $17 billion acquisition of the medical technology firm.
Cooper Companies — The stock increased by 4.2% following a report from Reuters, which cited sources familiar with the matter stating that activist investor Jana Partners has acquired a stake in the medical device maker.
Robinhood — The brokerage firm saw a 3% rise after several large investors increased their stakes in the trading platform, according to regulatory filings.
AMD — The chipmaker experienced a nearly 2% uptick after Bank of America raised its price target to $300 per share from $250, while maintaining a buy rating on the stock.
Ally Financial — The stock rose 2% after TD Cowen upgraded the financial services company from hold to buy, citing Ally’s strong credit and margin performance.
Regional Banks — This sector saw a modest increase as it continued its recovery from last week’s concerns related to bad loans. Zions Bancorp and Western Alliance rose 0.8% and 0.4%, respectively, while Triumph Financial gained over 2% in light trading. The SPDR S&P Regional Banking ETF (KRE) advanced by 0.6%.
— CNBC’s Alex Harring, Sarah Min, Michelle Fox Theobald, and Fred Imbert contributed reporting.
