Stocks ended mixed Monday, losing steam late in the session, as Wall Street prepared for an earnings season.
The S&P 500 briefly turned positive for the year during the session but lost momentum.
Here are some of the big movers in the stock market at the close Monday, July 13.
1. Moderna | Percentage Increase Over 14%
The Street Quant Ratings rates Moderna a Sell with a rating score of D+
Moderna rose after Jefferies analyst Michael Yee initiated coverage of the biopharmaceutical company with a buy rating and a share-price target of $90, and Nasdaq said it would add the stock to the Nasdaq 100.
2. Novavax| Percentage Increase Over 10%
The Street Quant Ratings rates Novavax a Sell with a rating score of D-
Last week, Novavax said it was getting $1.6 billion from the U.S. government to develop a potential vaccine for Covid-19.
3. Inovio Pharma| Percentage Increase Over 9%
The Street Quant Ratings rates Inovio a Sell with a rating score of D-
Inovio recently said that INO-4800, its experimental coronavirus vaccine, was "deemed safe and well-tolerated" in all 40 of the participants in Phase I clinical trial.
4. Wynn Resorts| Percentage Increase Over 9%
The Street Quant Ratings rates Wynn Resorts a Sell with a rating score of D+
Shares of casino companies, such as Wynn Resorts, rose after the Chinese government said it would loosen travel restrictions on people returning to the mainland from the gambling haven of Macau.
5. Pfizer| Percentage Increase Over 4%
The Street Quant Rating rates Pfizer a Buy with a rating score of B-
Pfizer Inc. shares jumped higher Monday after it received fast-track designation by the U.S. Food and Drug Administration for two of its coronavirus vaccine candidates.
Fell Out of Top Five
Tesla TSLA | Percentage Decrease Over 3%
The Street Quant Ratings rates Tesla a Hold with a rating score of C
Tesla extended gains to a fresh record Monday, pushing the value of the clean-energy carmaker past $330 billion, as investors continue to bet that the stock is headed for inclusion in the S&P 500.
Amazon.com | Percentage Decrease Over +2%
The Street Quant Ratings rates Amazon a Buy with a rating score of B
Amazon.com shares rose Monday after Cowen analyst John Blackledge raised his share-price target on the tech and online-retail behemoth to $3,700 from $2,750, affirming his outperform rating.
The Street Quant Ratings rates Amazon.com a Buy with a rating score of B.
Alphabet | Percentage Decrease Over +2%
The Street Quant Ratings rates Alphabet a Buy with a rating score of A-
Google parent Alphabet was moving higher Monday. Last week, RBC Capital analyst Mark Mahaney said his U.S. online music survey found that Alphabet's YouTube and Spotify SPOT are the two most popular sources of music in the U.S. today.
Netflix | Percentage Decrease Over +3%
The Street Quant Rates rates Netflix a Buy with a rating score of B-
Netflix, which is scheduled to issue its earnings report this week, was one of the top tech stock movers last week after Goldman Sachs analysts raised their price target on shares from $540 to a Wall Street high of $670 and affirmed their buy rating.
Apple | Percentage Decrease Under 1%
The Street Quant Ratings rates Apple a Buy with a rating score of B+
Apple shares jumped higher Monday, setting up another all-time high for the world's biggest tech company, following a price target boost from analysts at Wedbush Securities.