Israel stocks lower at close of trade; TA 35 down 1.36%

Tuesday’s market has seen notable activity among stocks across various market cap ranges. Mega-cap stocks like PepsiCo (PEP) and Metropcs Communications (TMUS) experienced significant movements, while in the large-cap category, United Therapeutics Corp (UTHR) surged impressively. Here are the details on some of the key stock movers today, from the largest companies to the smaller players.

Mega-Cap Movers (Market Cap $200B+):

• PepsiCo (PEP); Elliott Has Roughly $4B Stake in PepsiCo, Sources Say -- WSJ: +2.18%
• Metropcs Communications (TMUS); T-Mobile stock rating initiated at Buy by Goldman Sachs with $286 target: +2.55%
• Nvidia Corp (NVDA): -2.09%

Large-Cap Stock Movers (Market Cap $10B-$200B):

• United Therapeutics Corp (UTHR): +37.71%
• CoreWeave (CRWV): -7.74%
• BeiGene (ONC): +7.94%
• Affirm Holdings (AFRM): -5.03%
• Joby Aviation (JOBY): -5.51%
• Constellation A (STZ): -6.53%
• Insmed (INSM): +6.87%
• Silversun Tech (QXO); QXO stock rating initiated at Overweight by Morgan Stanley with $35 target: +5.11%
• Biogen Idec Inc (BIIB): +4.56%
• GE Vernova LLC (GEV): -5.95%

Mid-Cap Stock Movers (Market Cap $2B-$10B):

• Cytokinetics (CYTK): +37.23%
• Isis Pharma (IONS): +30.53%
• Kindly MD (NAKA): -9.93%
• Arrowhead Research Corp (ARWR): +10.71%
• Good Works Acquisition (CIFR): +12.37%
• Kingsoft Cloud Holdings Ltd (KC): -6.92%
• Aspirational Consumer Lifestyle (UP): -7.17%
• Ambarella Inc (AMBA): -6.95%
• Nova Measuring In (NVMI): -7.63%
• China Telecom Corp Ltd (CHA): -6.12%

Small-Cap Stock Movers (Market Cap $300M-$2B):

• Mineralys Therapeutics (MLYS): +88.53%
• AVROBIO (TECX): -33.22%
• MannKind Corp (MNKD): +31.05%
• ProShares Morningstar Alternatives (ALTS): -25.0%
• Frontier Group Holdings (ULCC); Frontier Group stock rating upgraded by Deutsche Bank on Spirit overlap: +17.67%
• McEwen Mining Inc (MUX): +17.66%
• TELUS International (TIXT): +15.08%
• QMMM Holdings (QMMM): +19.27%
• Picard Medical Inc (PMI): +13.29%
• SimilarWeb (SMWB): -9.14%

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This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- A wave of reforms in China, aimed at reducing hyper-competition and fostering sustainable growth, is creating new opportunities for investors, Morgan Stanley said.

The bank highlighted, in a note on Tuesday, that the country’s anti-involution strategy, designed to tackle deflation, overcapacity, and intense market rivalry, is expected to support a recovery in corporate returns. 

“China’s anti-involution approach is driving a more sustainable recovery, with MSCI China ROE to reach 13.3% by 2030E,” Morgan Stanley wrote.

The bank’s analysts applied a “3P” framework, priority, progress, and potential, to identify sectors and stocks most likely to benefit from the reforms. 

Electric vehicle batteries are said to have led the pack, followed by steel, cement, and airlines. 

“Sectors such as solar equipment and chemicals show promise but face structural hurdles, while auto, auto parts, and express delivery remain challenged by fragmentation and limited policy levers,” Morgan Stanley noted.

Among individual beneficiaries, the analysts flagged 22 companies across nine industries, all rated Overweight. 

Auto names include Geely, Li Auto, Chongqing Changan Automobile, Huizhou Desay SV Automotive, Bethel Automotive Safety Systems, Foryou Corporation, and XPeng. 

Tech and consumer-focused stocks feature Alibaba, Meituan, Haidilao International Holding, Chagee Holdings, and Yum China. 

Materials and energy names such as Baoshan Iron & Steel, China Shenhua Energy, Anhui Conch Cement, China Petroleum & Chemical Corp, and PetroChina also appear on the list.

Other names included are Contemporary Amperex Technology, Beijing New Building Materials, PICC P&C, Flat Glass Group, and Air China. 

Morgan Stanley emphasized that the reforms reflect a longer-term shift away from short-term stimulus toward structural transformation. “This initiative reflects a deeper shift in how the country balances growth, innovation, and sustainability,” the note said.

The analysts said that, despite short-term volatility, the overall outlook is positive, with gradual reflation and measured policy execution supporting earnings growth.

Investing.com -- Deutsche Bank has appointed Lisa McGeough to lead its Americas region, the German lender announced on Tuesday.

McGeough, who recently stepped down from a similar role at HSBC, will take up the position in early 2026. She will report to board member Fabrizio Campelli.

The Americas represents a significant revenue source for Germany’s largest bank. The position became available following Stefan Simon’s departure in May.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Deutsche Bank cut its rating on ELF Beauty Inc (NYSE:ELF) to Hold from Buy after a sharp run-up in the stock, saying valuations leave less room for upside even as the company’s long-term growth outlook remains intact.

The brokerage raised its price target to $128 from $121, citing optimism around expansion of both e.l.f. and Rhode product lines, particularly overseas.

But with shares up about 25% since early August and now trading near 35 times next year’s earnings and 20 times next year’s EBITDA, Deutsche Bank said the risk-reward has balanced out.

Recent consumption trends have slowed modestly, it noted, with U.S. sales growth decelerating to 13% on a two-year basis in August from 19% in July.

That makes upside to near-term revenue forecasts harder to see. Deutsche Bank’s third-quarter revenue estimate of $367 million is in line with consensus, while its EPS and EBITDA forecasts of $0.55 and $57.4 million are slightly below Street expectations.

The firm also flagged rising social media criticism. An ad campaign posted in mid-August drew backlash and calls for boycotts. e.l.f. acknowledged that the campaign “missed the mark.”

Rhode, its skincare brand, has also faced pushback for featuring a Russian model in recent posts. Whether this consumer criticism materially affects sales remains unclear, Deutsche Bank said, but it introduces added uncertainty.

Any reinstated guidance is likely to be conservative, the bank added, given ongoing demand trends, unsettled trade policy and reputational risks.

Longer term, it remains constructive on growth potential but said shares now reflect much of the near-term upside.

Investing.com - U.S. stock futures dropped on Tuesday, as traders returned for a week shortened by a holiday but not devoid of potentially consequential events.

By 06:09 ET (10:09 GMT), the Dow futures contract had fallen by 181 points, or 0.4%, S&P 500 futures had shed 35 points, or 0.5%, and Nasdaq 100 futures had declined by 169 points, or 0.7%.

The main averages on Wall Street were closed on Monday in observance of the Labor Day holiday. At the end of the last trading day on Friday, stocks dipped, weighed down partially by declines in artificial intelligence-related names. Sticky personal consumption expenditure price index data also sparked some doubts over just how much impetus the Federal Reserve has to cut rates.

But, despite August being traditionally difficult for stocks, the S&P 500 gained 1.9% for the month, bringing its year-to-date advance to roughly 10% and putting the benchmark index not far from record highs. It was the latest leg higher in what has become an extended recovery in equities since an April swoon fueled by concerns over sweeping U.S. tariffs.

Traders were digesting a ruling from the U.S. Court of Appeals for the Federal Circuit late last week that most of U.S. President Donald Trump’s levies are illegal, and that only Congress held the authority to pass the duties. Trump chided the decision, saying he will appeal to the Supreme Court. 

Media reports have suggested that Trump officials have long anticipated that the high court would eventually need to settle the matter. The administration is reportedly confident that the tariffs -- and Trump’s push to assert his authority to enact them -- will eventually be supported by the court’s conservative majority.

In a note to clients, analysts at Vital Knowledge said the the appeals court decision is "at best neutral" for markets, adding it "won’t come close come close to eliminating Trump’s import taxes, and it just creates more uncertainty for Corporate America as the White House searches for a sturdier legal scaffolding for its draconian trade policy[.]"

Although a Supreme Court ruling against the tariffs may lower the prospect of tariff-related economic disruptions, such a move could herald elevated murkiness over recent trade agreements between the U.S. and its partners, which could need to be renegotiated. 

Trump’s tariffs took effect from August, with countries facing levies between 10% to as high as 50%. But a bulk of the tariffs are expected to be borne by local importers, which could underpin U.S. inflation in the coming months.

Uncertainty clouds U.S. interest rate outlook 

Uncertainty over U.S. interest rates also remained a point of contention for Wall Street. Last week’s PCE data, which is the Fed’s preferred inflation gauge, showed inflation increased mildly in July as expected, pointing to further stalling in a deflationary trend seen earlier in the year.

Lingering inflation could give the Fed less impetus to cut interest rates. While Fed Chair Jerome Powell had in August signaled that the bank was considering a September rate cut amid some cooling in the labor market, he still flagged risks from persistent price pressures. 

Markets were still factoring in a roughly 91% chance the Fed will cut rates by a quarter of a percentage point at its upcoming gathering later this month, according to CME’s FedWatch Tool. A slew of Fed officials are also set to speak this week.

Concerns over the Fed’s independence, amid Trump’s efforts to fire staff at the central bank, have weighed on risk appetite as well. Fed Governor Lisa Cook indicated last week that she will seek legal action over Trump’s efforts to fire her. 

August jobs data looms large

Investors are now turning their gazes back to the economic calendar, which will be headlined this week by Friday’s release of the ever-important monthly nonfarm payrolls report.

Analysts have said that the soft or tepid reading for August -- which would come after an unexpectedly weak return in July and deep downward revisions to the preceding two months -- could further cement bets that the Federal Reserve will ratchet down interest rates at its next policy meeting on Sept. 16-17.

Economists expect the U.S. to have added 74,000 roles, versus in 73,000 in July.

In the meantime, markets will be keeping tabs on other indicators, including a gauge of U.S. manufacturing sector activity on Tuesday from the Institute for Supply Management. The August measure is tipped to come in at 49.0, compared to 48.0 in July yet still below the 50-point mark denoting contraction.

Elsewhere, some earnings are on tap this week, including software firms Zscaler Inc (NASDAQ:ZS) and Salesforce Inc (NYSE:CRM), server chips maker Broadcom Inc (NASDAQ:AVGO), and retailer Dollar Tree Inc (NASDAQ:DLTR). 

(Ambar Warrick contributed reporting.)