Midday movers: Mattel, AMC Entertainment, Spotify and more

Investing.com -- U.S. stocks were rising on Monday as investors soaked in more corporate earnings ahead of this week's Federal Reserve meeting.

Here are some of the biggest U.S. stock movers today:

  • Mattel (NASDAQ:MAT) stock rose 2% after the "Barbie" movie became the highest-grossing movie so far this year domestically, and this is expected to translate into higher sales of the toymaker’s iconic doll.

  • AMC Entertainment (NYSE:AMC) stock soared 37% after a judge blocked the theater chain's stock conversion plan that risked diluting investors' holdings. The theater operator is also getting a boost from the weekend's strong box office sales for the movies "Barbie" and "Oppenheimer."

  • Apple (NASDAQ:AAPL) stock rose 0.5% after Bloomberg reported that the tech giant is asking suppliers to produce about 85 million units of the iPhone 15 this year, roughly in line with the year before.

  • Tesla (NASDAQ:TSLA) stock rose 2.7%. UBS downgraded its stance on the EV manufacturer to ‘Neutral’ from ‘Buy’, saying the recent rally means the stock is now fairly valued.

  • Spotify (NYSE:SPOT) stock fell 5% after the music streaming company said it was raising the prices for its premium plans by $1 each in the United States, in an attempt to boost profitability.

  • Chevron (NYSE:CVX) stock rose 2.6% after the oil major revealed over the weekend a $6 billion net profit in the quarter ended June 30, ahead of expectations.

  • Johnson & Johnson (NYSE:JNJ) stock rose 1.1% after the drugmaker launched an exchange offer for its investors to exchange J&J's shares with those of its consumer health unit Kenvue (NYSE:KVUE).

  • Domino’s (NYSE:DPZ) stock rose 1.4% after the pizza chain missed expectations for second-quarter revenue, as elevated delivery fees and higher prices to boost margins hurt demand.

  • Public Storage (NYSE:PSA) stock rose 0.9% after the self-storage properties operator agreed to buy Simply Self Storage from Blackstone Real Estate Income Trust for $2.2B.

--Peter Nurse contributed reporting

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201)

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: