Top Movers in Today's Stock Market: Tesla, Johnson & Johnson, Southwest, Delta, MicroStrategy, and More

Stocks were mixed On Tuesday, which marks the beginning of the second quarter’s trading sessions, with investors eagerly awaiting updates statement regarding duties issued by President Donald Trump The White House informed journalists they intend to reveal their newest tariffs at 4 p.m. ET on Wednesday.

Here are some stock movements from Tuesday:

Tesla's shares climbed 3.6%. They concluded Tuesday’s session after ending Monday with a decline of 1.7%, marking their largest first-quarter drop at 36% since records began, as per Dow Jones Market Data. Tesla is anticipated to publish first-quarter delivery figures On Wednesday, Wall Street was anticipating around 380,000 vehicle deliveries. Analysts have been lowering their forecasts partly due to CEO Elon Musk facing criticism for his close ties with President Trump and his role in the administration’s Department of Government Efficiency.

Shares of XPeng listed in the U.S. increased by 1.2% following the announcement from the Chinese electric vehicle company. delivered 33,205 cars in March In February, deliveries increased to 9,026 units compared to 9,026 units in the previous year for the same period. This marks XPeng's fifth consecutive month where monthly deliveries exceeded 30,000 vehicles. Prior to this run, the company had not achieved such high monthly delivery figures. Following an increase in deliveries during March relative to the prior-year period, shares of U.S.-listed ADRs for rival Chinese electric vehicle manufacturers NIO and Li Auto climbed by 1.4% and 1.7%, correspondingly.

Ford Motor dropped 1.1% following the announcement from the automaker. Sales of 501,291 vehicles in the U.S. were recorded for the first quarter. , decreasing by 1.3% compared to the previous year. This drop wasn't unexpected because Ford dealers started with elevated inventory levels, which limited their capacity for additional sales. In contrast, General Motors saw an increase of 0.5%, following a surge in U.S. sales during the first quarter by 17%.

Nvidia, the top producer of AI-oriented processors, was up 1.6% Nvidia's share price dropped by 19.3% during the initial three months of the year, marking its most significant quarterly decline since September 2022, when it plummeted almost 20%. The stock has faced pressure due to declining investor confidence in major U.S. tech companies and broader economic worries about how Trump’s tariffs might impede progress and exacerbate inflation.

Johnson & Johnson dropped 7.6% following a A bankruptcy judge in Texas rejected the healthcare firm's third try. To address its asbestos-related talcum powder liabilities through Chapter 11 bankruptcy. The firm is grappling with extensive legal action stemming from claims that its baby powder and other talc-containing products caused harm to users.

MicroStrategy climbed 6.2% to $306.02 despite analyst downgrades from Monness, Crespi, Hardt & Co. Downgraded the biggest corporate owner of Bitcoin to Sell from Neutral and set a price target of $220 for the stock. Analyst Gus Gala noted that the firm, which now operates under the name Strategy, might face challenges in expanding its share of the cryptocurrency market.

The parent company of brands like Calvin Klein and Tommy Hilfiger, PVH, announced stronger-than-anticipated financial outcomes for the final quarter. They also projected stable to increased income for this fiscal year following a 6% drop in revenues last year, which totaled $8.65 billion. As a result, their stock price surged by 18%.

Progress Software saw a significant boost of 12% following an increase in its projected annual earnings. The firm now anticipates adjusted earnings per share for the fiscal year to be between $5.25 and $5.37, which is higher than their previous forecast of $5 to $5.12. According to the company, revenues for the first quarter rose sharply by 29%. This growth was attributed broadly across their product line, specifically highlighting strong performances from their data platforms and tools for infrastructure management.

Newsmax, the media outlet with a conservative leaning, rose 179% to $233 after launching its first appearance on Monday on Wall Street Newsmax issued 7.5 million shares with an initial public offering priced at $10 each, and by the end of Monday, their stock value skyrocketed by 735%, closing at $83.51 per share.

Southwest Airlines dropped 5.9% to close at $31.59. According to analysts at Jefferies, they have downgraded the airline's stock. Underperform from Hold They reduced their price target to $28 from $30. Demand during summer is facing challenges due to "soft corporate and consumer confidence amid growing macroeconomic uncertainties," according to Jefferies in a research report. Consequently, they downgraded both American Airlines and Delta Air Lines from 'Buy' to 'Hold.' As a result, shares of American dropped 2.4%, and those of Delta decreased 2.7%.

Send your message to Joe Woelfel. joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com