By Mackenzie Tatananni and George Glover
Stocks were rising Monday as investors digested President Donald Trump's latest ultimatum to Iran and hoped Pakistan's cease-fire proposal could help end the war.
These stocks were making moves:
Seagate Technology gained 6.4% and Western Digital jumped 4.3%. Morgan Stanley reiterated an Overweight rating on both stocks Monday, with Seagate replacing its largest rival in the market for hard disk drives as Morgan Stanley's "top pick."
Micron Technology climbed 3.4% and Intel rose 0.9% to $50.79 after KeyBanc analyst John Vinh reiterated an Overweight rating on both stocks, citing strong demand for central processing units and memory chips. Vinh separately hiked his price target on Intel shares to $70 from $65.
Kratos Defense & Security Solutions jumped 7.4% to $72.27. Shares in the defense contractor rallied as Jefferies analyst Sheila Kahyaoglu upgraded Kratos to Buy from Hold with an $85 price target.
Strategy climbed 6.3%, Coinbase Global added 3.6%, and Robinhood Markets added 2.2% as hopes of a peace deal triggered a rebound in cryptocurrency prices. Strategy separately disclosed the purchase of 4,871 Bitcoin during the period between April 1 and Sunday.
Tesla slipped 0.3%. Shares tumbled 5.4% on Thursday, ahead of the extended holiday weekend, after the electric-vehicle maker posted delivery numbers that were softer than anticipated. Regulators separately closed an investigation into Tesla's "Actually Smart Summon" feature due to the low frequency and severity of reported crashes.
Neurocrine Biosciences declined 1.6%. The drugmaker agreed to buy smaller biotech Soleno Therapeutics for $2.9 billion, or $53 a share, in an attempt to bolster its endocrinology and rare-disease portfolio. Soleno shares surged 32% to $52.20 on Monday. The stock ended the previous session up 6.8% at $39.49.
Paramount Skydance was up 3.3%. The entertainment company is in talks to secure signed equity commitments of close to $24 billion from three Gulf sovereign-wealth funds to help back its Warner Bros. Discovery takeover deal, the Wall Street Journal reported. Paramount didn't immediately respond to a request for comment from Barron's.
Shares of Netflix, which abandoned its deal to acquire Warner Bros. in February, advanced 0.5% to $99.11 on Monday. Goldman Sachs analyst Eric Sheridan upgraded shares of the streaming giant to Buy from Neutral with a $120 price target, up from $100.
Carvana ticked down 0.3% to $313.02. A Bank of America Securities analyst cut the firm's rating on the shares to Neutral from Buy with a $360 price target, down from $400.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 06, 2026 10:44 ET (14:44 GMT)
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