By Mackenzie Tatananni, Callum Keown, and Joe Woelfel
Stocks were rising Monday after the U.S. manufacturing sector expanded for the first time in 12 months.
These stocks were making moves:
Strategy, the world's largest corporate holder of Bitcoin, declined 5.3% after cryptocurrency prices plummeted over the weekend. The company formerly known as MicroStrategy disclosed Monday that it had purchased 855 tokens for roughly $87,974 each.
Fellow crypto-linked stocks Coinbase Global and Robinhood Markets were down 4.4% and 8.4%, respectively. The slump made Robinhood the worst performer in the S&P 500 in trading Monday.
Walt Disney slumped 6.9% even after fiscal first-quarter earnings and revenue beat analysts' estimates. The company said it still expects adjusted earnings to grow by double digits in the current fiscal year. Shareholders have been focused on Disney's streaming growth as linear TV continues to see declining viewership.
Oracle rose 2.7%. The enterprise software company plans to raise up to $50 billion this year as it looks to fund its huge bet on cloud computing to power artificial intelligence. About half of that will be in debt.
Nvidia fell 1.4%. The chip maker's plan to invest up to $100 billion in OpenAI has stalled, The Wall Street Journal reported, citing people familiar with the matter. Nvidia is pushing ahead with a separate large investment in the ChatGPT-owner instead, according to the report.
Albemarle fell 2.2% and looked set to deepen a 5.6% decline on Friday as investors seemed spooked at the prospect of what might happen to lithium prices amid a commodities selloff. Gold futures fell 0.1% to $4,741.90 an ounce on Monday, down from a record $5,626 on Thursday.
MP Materials gained 4.1%. A report Monday suggested the U.S. could launch a mineral stockpile, sending shares of the mining stock and peers higher. USA Rare Earth gained 9.1%, Lithium Americas rose 1.8%, and seabed miner Metals Company was up 4.1%.
Devon Energy rose slightly while Coterra Energy tumbled 2.4%. The oil-and-gas exploration companies plan to merge in an all-stock transaction valued at $58 billion, resulting in a "premium shale operator," said Devon CEO Clay Gaspar.
Palantir Technologies was 2.6% higher. The AI-powered data-analytics company is expected to post fourth-quarter adjusted earnings of 23 cents a share on revenue of $1.34 billion. U.S. revenue is expected to jump 80% from a year earlier, with commercial sales up an estimated 121%.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and Callum Keown at callum.keown@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
February 02, 2026 10:32 ET (15:32 GMT)
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