— On Semiconductor jumped 7% after beating first-quarter earnings and revenue expectations. The chip firm reported per-share earnings ex-items of $1.19, greater than consensus estimates of $1.08 per share, according to FactSet. It posted revenue of $1.96 billion, greater than the expected $1.92 billion.
— Shares rose 4% after Stifel upgraded Scotts Miracle-Gro to buy from hold and set an $80 price target, implying near-20% upside from Friday's close. Stifel analyst W. Andrew Carter said the maker of consumer lawn, garden and pest control products has an "attractive near-term set-up for the shares with a margin recovery enabling outsized EPS growth."
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