These Stocks Are Moving the Most Today: Intel, Keurig Dr Pepper, Wayfair, Strategy, Nvidia, Vital Energy, and More — Barrons.com

By Joe Woelfel and Elsa Ohlen

Stocks traded mixed Monday after equities surged Friday as Federal Reserve Chairman Jerome Powell signaled the central bank was moving closer to lowering interest rates.

These stocks were making moves Monday:

Intel rose 1% to $25.04. The company on Friday announced an agreement for the U.S. government to make an investment of $8.9 billion in Intel shares at $20.47 each, equaling a 9.9% stake in the chip maker. The stake, which makes the government the largest single investor in Intel, will be funded by the $5.7 billion in unpaid Chips Act grants and the $3.2 billion award from the Secure Enclave national security program. Intel said the government's investment will be passive, with no representation on its board or information rights. Intel shares closed Friday up 5.5%.

Wayfair fell 5.1%, Williams-Sonoma was down 2.3%, and RH declined 5.1% after President Donald Trump announced Friday the U.S. would be launching an investigation into tariffs on furniture imports. Wayfair, for example, imports a significant amount of its furniture from Asia. Ethan Allen Interiors rose 1.3%. The company has seven plants in the U.S. and makes about 75% of its furniture in North America. La-Z-Boy, which operates manufacturing plants in Tennessee, Missouri, and Arkansas, rose 0.7%.

Bitcoin-buyer Strategy, the company formerly known as MicroStrategy, and cryptocurrency exchange Coinbase Global fell 2.8% and 2.6%, respectively, mirroring a drop in Bitcoin. Strategy, separately, said it bought 3,081 Bitcoins for around $356.9 million, or $115,829 per token, from Aug. 18 to Aug. 24, according to a form filed with the Securities and Exchange Commission.

Keurig Dr Pepper fell 7.9% after reaching an agreement to buy Amsterdam-listed coffee company JDE Peet's for $18 billion, or EUR31.85 a share ($37.30). It would be a prelude to separating into two separately listed public companies, the coffee machine maker and beverage company said Monday. JDE Peet's shares soared 17% in Europe.

Verint Systems was down 1.2% to $20.23 after it was confirmed that private-equity from Thoma Bravo was acquiring the call center software maker for $2 billion. Under the terms of the deal, Verint shareholders will receive $20.50 a share in cash, an 18% premium to Verint's 10-day volume weighted average share price up to June 25, the last day before reports were published on a potential sale of the company.

U.S.-listed shares of PDD Holdings rose 0.8%. Second-quarter earnings at the Chinese e-commerce giant and operator of shopping platform Temu easily surpassed analysts' estimates. Sales rose 7% but vice president of finance, Jun Liu, said revenue growth "further moderated this quarter amid intense competition" and add that investments may continue to weigh on short-term profitability.

Crescent Energy reached an agreement to purchase Vital Energy in an all-stock transaction valued at $3.1 billion, including debt. Vital Energy shareholders will receive about 1.91 Crescent shares for each share of Vital held, representing a 15% premium to Vital shares' volume-weighted average price as of Aug. 22, the companies said. "This transaction is transformative for Crescent and consistent with our strategy," said Chairman John Goff. Crescent Energy fell 6%, while Vital Energy rose 14% to $18.

Nvidia was rising 2%. The leading maker of artificial-intelligence chips is scheduled to report quarterly earnings later this week. The stock closed Friday with a gain of 1.7% but ended the week lower, a second consecutive weekly loss. It's the longest losing streak since April 4, when Nvidia fell for three weeks in a row, according to Dow Jones Market Data. Coming into Monday, Nvidia shares have risen 33% this year.

Earnings reports are expected after the closing bell Monday from Heico and Semtech.

In addition to Nvidia, earnings reports are expected later this week from Dell Technologies, Snowflake, Marvell Technology, CrowdStrike, HP Inc., Autodesk, Affirm, MongoDB, Okta, Box, PVH, Veeva Systems, Agilent Technologies, Williams-Sonoma, NetApp, Nutanix, Pure Storage, Li Auto, Ulta Beauty, Dick's Sporting Goods, and Best Buy.

Write to Joe Woelfel at joseph.woelfel@barrons.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.