U.S. stocks were higher, with the Nasdaq Composite gaining around 200 points on Monday.
Shares of Rockwell Automation, Inc. ROK rose sharply during Monday's session after the company reported first-quarter earnings above estimates.
Rockwell Automation said sales fell 8.4% year over year and slid 7.6% organically to $1.881 billion, in line with the consensus of $1.881 billion. Total ARR grew 11%. Adjusted EPS was $1.83 (-10% YoY), above the analyst consensus of $1.59.
Rockwell Automation shares jumped 10.5% to $296.78 on Monday.
Here are some other big stocks recording gains in today's session.
SpringWorks Therapeutics, Inc. SWTX shares jumped 30.2% to $52.45 after announcing Merck KGaA is in advanced discussions to acquire the company. monday.com Ltd. MNDY gained 28.8% to $332.78 after the company reported better-than-expected fourth-quarter financial results and first-quarter revenue outlook. PowerFleet, Inc. AIOT rose 24.2% to $7.39 after the company reported better-than-expected Q3 sales results and raised its FY25 sales and adjusted EBITDA guidance. Satellogic Inc. SATL gained 22.4% to $4.5200. AST SpaceMobile, Inc. ASTS climbed 18.8% to $31.50. Axsome Therapeutics, Inc. AXSM rose 18.8% to $125.70 after the company reached a settlement agreement with Teva Pharmaceuticals resolving all patent litigation related to its Auvelity product. Mobileye Global Inc. MBLY gained 16.2% to $18.67 after B of A Securities upgraded the stock from Underperform to Neutral and raised its price target from $12 to $19. Century Aluminum Company CENX rose 15% to $21.50. Shares of steel and aluminum stocks traded higher after reports President Trump plans additional 25% tariffs on steel and aluminum. Cleveland-Cliffs Inc. CLF gained 11.6% to $11.19. Shares of steel and aluminum stocks traded higher after reports President Trump plans additional 25% tariffs on steel and aluminum. Insperity, Inc. NSP rose 11.4% to $77.51 after the company reported better-than-expected fourth-quarter financial results. Light & Wonder, Inc. LNW rose 11% to $97.64. Roku, Inc. ROKU surged 6.7% to $90.85. BP p.l.c. BP rose 6.3% to $34.32 after a report from The Wall Street Journal said Elliott Management has built a stake in the company and will push for changes. Alibaba Group Holding Limited BABA gained 6.1% to $109.84 after President Trump reportedly postponed tariffs on packages under $800 from China. United States Steel Corporation X rose 5.5% to $38.99.
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Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks With Over 6% Dividend Yields AIOTPowerFleet Inc$7.2521.9%WatchlistOverviewASTSAST SpaceMobile Inc$32.2321.6%AXSMAxsome Therapeutics Inc$129.7222.6%BABAAlibaba Group Holding Ltd$107.093.46%BPBP PLC$34.185.92%CENXCentury Aluminum Co$20.489.58%CLFCleveland-Cliffs Inc$10.969.16%LNWLight & Wonder Inc$92.004.59%MBLYMobileye Global Inc$19.0818.7%MNDYMonday.Com Ltd$315.9922.4%NSPInsperity Inc$78.3912.6%ROKRockwell Automation Inc$290.918.39%ROKURoku Inc$91.607.76%SATLSatellogic Inc$4.028.94%SWTXSpringWorks Therapeutics Inc$41.001.79%XUnited States Steel Corp$38.624.58%Market News and Data brought to you by Benzinga APIs