Midday Stock Movers: Boeing, Chevron, AMD Down; Campbell Soup Among Few Gainers

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Midday Stock Movers: Boeing, Chevron, AMD Down; Campbell Soup Among Few Gainers
Credit: © Reuters.

By Daniel Shvartsman

Investing.com -- On another big sell-off Monday, there's no shortage of stock movers. Here are some of the more notable names, including the rare gainers today. Prices as of 12:45 pm ET:

  • Boeing (NYSE: BA ) is the top loser in the Dow Jones Industrial Average , down 7.2%, among a bevy of travel-related names trading lower, including Airbnb Inc (NASDAQ: ABNB ) (-8.9%), Booking Holdings (NASDAQ: BKNG ) (-6.5%), Royal Caribbean (NYSE: RCL ) (-8%), Norwegian Cruise Line (NYSE: NCLH ) (-8%), and American Airlines (NASDAQ: AAL ) (-5.5%).
  • Chevron (NYSE: CVX ) leads energy names lower, down 5%, along with Marathon Oil (NYSE: MRO ) (-10.5%), APA Corp (NASDAQ: APA ) (-9%), Coterra Energy Inc (NYSE: CTRA ) (-8.7%), and Devon Energy (NYSE: DVN ) (-9%). This comes as China's covid lockdowns weigh on oil demand, dropping crude oil prices over 5%.
  • Semiconductor names are also feeling the selling pain. Advanced Micro Devices Inc (NASDAQ: AMD ) is down -7.3%, while Nvidia (NASDAQ: NVDA ) is trading down 6.8% and Lam Research (NASDAQ: LRCX ) is down 6.1%. The iShares Semiconductor ETF (NASDAQ: SOXX ) is down 4% on the day.
  • E-commerce and Software as a Service names continue to face post-pandemic selling momentum - MercadoLibre (NASDAQ: MELI ) is down 13.3%, while Okta (NASDAQ: OKTA ) is down 9.8%, Crowdstrike Holdings Inc (NASDAQ: CRWD ) -9.3%, and Atlassian (NASDAQ: TEAM ) -8.2%.
  • Winners? Consumer staples are catching a bid, with JM Smucker (NYSE: SJM ) +2.8%, Church & Dwight (NYSE: CHD ) +3.2%, and Campbell Soup (NYSE: CPB ) +3.4%. The Consumer Staples Select Sector SPDR® Fund (NYSE: XLP ) is up 0.1% on the day.

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