Stock futures were rising Monday as investors tried to make sense of the U.S. military operation to capture and oust Venezuelan President Nicolás Maduro.
These stocks were poised to make moves Monday:
Shares of Chevron, the last U.S. oil major still operating in Venezuela, surged 7.7% to $167.95 in premarket trading following the raid on the South American nation. President Donald Trump said the U.S. has the “greatest oil companies in the world” and will be “very strongly involved” in the future of Venezuela’s oil industry—although the country remains a marginal contributor to Chevron’s production and cash flow for now.
Other energy stocks also were rising even as benchmark crude prices fell. Oil major Exxon Mobil rose 4.2%. SLB and Halliburton both soared 9%, making them the S&P 500’s two biggest gainers ahead of the opening bell. ConocoPhillips jumped 7.2%, Baker Hughes added 7%, Valero Energy gained 6.2%, Marathon Petroleum advanced 5.4%, and Phillips 66 was up 4.9%.
Defense stocks were making more muted moves following the Venezuela raid. General Dynamics and Lockheed Martin were up 1.3% and 1.1%, respectively.
Comcast dropped 5.4%. SpinoffVersant Media Groupslumped 9.9% ahead of its regular trading debut Monday. The final separation of the two companies took place after the close of trading Friday. Versant owns cable channels including CNBC, MS NOW, and the Golf Channel, and analysts expect it to trade at a low valuation because of cord cutting and advertising challenges.
Tesla rebounded 1.5%. Shares fell 2.6% on Friday after the electric-vehicle maker postedannual deliveries that declined for a second straight year. The stock has closed lower for seven consecutive sessions, losing more than 10% during the span, according to Dow Jones Market Data. It’s Tesla’s longest losing streak since late April 2024, when it also fell for seven straight trading days.
Advanced Micro Devices rose 2.7%. The chip maker’s CEO, Lisa Su, is set to give the keynote speech at the annual CES trade show on Monday, which could give investors a clearer understanding of how demand for artificial intelligence has been holding up.
Crypto stocks were rising with Bitcoin up 1.4% to $92,828 over the past 24 hours. Digital-asset exchange Coinbase Global jumped 4.6%, online-trading platform Robinhood Markets gained 1.8%, and Bitcoin investor Strategy added 3.9%. Coinbase also was upgraded to Buy from Neutral at Goldman Sachs.
Earnings reports are expected this week from Constellation Brands, Jefferies Financial, AAR Corp., Penguin Solutions, Applied Digital, Cal-Maine Foods, RPM International, TD Synnex, Commercial Metals, WD-40, and Tilray Brands.