Here, we will introduce stocks that are attracting attention in intraday trading. The Trade Desk – Shares fell about 7%, marking the advertising technology company’s fourth consecutive day of negative growth. HSBC lowered its Trade Desk rating from unchanged and lowered its price target to $20 from $31, implying a decline of about 13% from Friday’s closing price. Several Wall Street companies lowered their stock prices after The Trade Desk reported weaker-than-expected first-quarter results last week and disappointing forecasts for the current quarter. Corning – The specialty glass and fiber optic company’s stock rose 10%. Bank of America added Corning to its US 1 list of investment ideas with the highest buy rating. The stock has been on a six-day winning streak since Nvidia announced it would invest up to $3.2 billion in Corning and partner with the company to open three new manufacturing plants focused on optical technology. Semiconductor stocks – Semiconductor stocks rose early in the week as investors continued to buy in the sector. The VanEck Semiconductor ETF (SMH) soared more than 1%, and Qualcomm rose 7% to a new 52-week high. Western Digital rose nearly 8% and Nvidia rose 3%. Wendy’s – The fast food chain fell 6%. JPMorgan downgraded Wendy’s from neutral to underweight and gave the stock a new price target of $6, implying a decline of about 18% from Friday’s closing price. The company cited “continued declines” in major U.S. same-store sales trends and a “lack of direction” regarding Wendy’s future as factors for the downgrade. Lumentum — Shares rose nearly 5% on news that the company would join the Nasdaq 100 index. The company will replace CoStar on May 18th. Monday.com — The software company rose 6% after reporting higher profits and revenue in its first-quarter financial report. The company said in a press release that the launch of its AI platform led to a 24% year-over-year increase in revenue to $351.3 million. Analysts polled by FactSet had expected sales of $339.1 million. Sony — Shares rose nearly 6% after the company announced a joint venture with Taiwan Semiconductor Manufacturing Company to develop and manufacture image sensors. Sony said in a press release that it will combine its sensor design experience with Taiwan Semi’s work-in-progress technology to improve image sensor performance. Energy stocks — Oil prices rose on Monday after Iran rejected the latest U.S. peace offer and President Donald Trump rejected the country’s counter-offer. Valero Energy rose 2%. Occidental Petroleum rose 4%. Devon Energy and ConocoPhillips added 2%. Circle Internet Group – The stablecoin issuer rose 15% after reporting mixed first-quarter financial results. Earnings per share were 21 cents, beating expectations by 3 cents, based on a survey of analysts by LSEG. Sales were $694 million, lower than expectations of $722 million. Circle also raised $222 million from BlackRock, Apollo, Intercontinental Exchange, and other institutions in a token presale, which is how early-stage blockchain projects raise money. Micron Technology — Memory stock rose nearly 6% on Monday after surging 15% on Friday. The stock price has risen more than 77% over the past month due to the memory shortage caused by artificial intelligence. — CNBC’s Tanaya Machel contributed to the report The markets may change and the headlines fade, but the core principles of building long-term wealth remain the same. Join us for the third annual CNBC Pro LIVE. Investors from all backgrounds, from financial professionals to individuals, come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you start, you’ll leave with clearer thinking and a stronger strategy. Enter your email address here to get your discount code.
