S&P 500 Stocks: Micron, Charles Schwab Among Top Performers Monday

Western Digital (WDC), Micron Technology (MU), Pioneer Natural Resources (PXD), Bath & Body Works (BBWI) and Charles Schwab (SCHW) were the top S&P 500 index gainers on the stock market today. MarketAxess Holdings (MKTX), Expedia (EXPE), ConAgra Brands (CAG), CBOE Capital Markets (CBOE) and Incyte (INCY) were the S&P 500’s biggest losers on Monday.

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The S&P 500 erased morning losses to close Monday up 0.1%.

S&P 500 Winners

WDC stock jumped 8.2% and MU stock popped 8% after Samsung Electronics said Friday that it would significantly cut memory-chip production. Western Digital is coming up to the 50-day and 200-day moving averages. Micron stock jumped back toward recent highs, rebounding back above the 50-day line. While MU stock has retaken what was an early entry, investors may want to see if the chipmaker can clear resistance just above 64.

PXD stock rallied 5.8% to 220.22 on Monday, rebounding from the 50-day line. Shares did back off intraday highs near the 200-day. Exxon Mobil (XOM) has held some early talks with Pioneer Natural Resources about buying the Permian Shale producer. XOM stock dipped 0.4%.

BBWI stock bounced 5.3% to 37.41. Raymond James cut its price target to 48 from 50, but that’s still well above where Bath & Body Works stock was trading.

SCHW stock gained 4.8% to 51.72 as financials generally rallied. Charles Schwab hit a two-year closing low last Wednesday. On April 17, Charles Schwab will report earnings.

S&P 500 Losers

MKTX stock fell 2.2% to 335.70, its worst close since late January. Shares of the electronic bond trading platform plunged 12% last week, diving from just above a buy point.

CAG stock ceded 2.1% to 37.57.  But that followed four straight weekly gains for the food products giant. ConAgra earnings topped fiscal Q3 views on Wednesday.

INCY stock fell 2.1% to 73.93, falling back after meeting resistance Thursday near the 200-day line. RBC Capital downgraded Incyte to peer perform, trimming the price target to 79 from 81.

CBOE stock retreated 2.1% 133.19, snapping a five-day win streak and a 19-month high.

EXPE stock sank 2.1% to 89.81, a there-month low.

Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.

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