The stock market gave up some ground on Tuesday morning, coming out of a long holiday weekend and failing to maintain the upward momentum that sent several major market benchmarks to record levels last week. As of 10:15 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 272 points to 35,097. The S&P 500 (SNPINDEX: ^GSPC) had dropped 21 points to 4,514, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 14 points to 15,349. Yet even on a somewhat downbeat day, there were some bright spots on Wall Street. Spotify Technology (NYSE: SPOT) and Callaway Golf (NYSE: ELY) were among stocks moving higher to start the week. Below, we'll give some insight into what sent these shares upward on Tuesday morning. Spotify plays a happy song Shares of Spotify were up almost 4% on Tuesday morning. The streaming music company got positive comments from major stock analysts expressing their enthusiasm about the stock. Image source: Getty Images. The favorable coverage came from analysts at KeyBanc, who upgraded the stock from sector weight to overweight. As KeyBanc sees it, Spotify appears to be ready to benefit from improving industry conditions. The company has seen rising interest from users downloading and using its app, and Spotify is aiming to maintain its leadership role in a space that has the potential to get increasingly competitive in the years to come. Perhaps one of the biggest wins Spotify has seen lately came from its relationship with Apple (NASDAQ: AAPL). Under a newly announced policy, Apple will let certain apps like Spotify's collect payments directly from users rather than running them through Apple's own payment system. That could save Spotify a huge amount of fees, boosting profit without any further effort on its part. Spotify still has to work on increasing monetization. But that's a constant problem throughout the industry, and the strides the company has made are noteworthy and worth building on. Callaway aims for the flag Meanwhile, Callaway Golf managed a rise of 2% on the day. The golf specialist gave encouraging guidance for the third quarter and remainder of the year. Specifically, Callaway boosted its sales expectations by about $40 million. The company now expects revenue to come in between $3.065 billion and $3.095 billion. Adjusted pre-tax operating earnings should be in a range of $370 million to $390 million, roughly $25 million to $30 million higher than previously forecast. The boosts for the third quarter were even larger, suggesting that the company foresees some pulling forward of remainder-of-year performance into the current quarter. Investors have been optimistic about Callaway for a while now, especially after its early August earnings report. People are returning to the links, and Callaway's acquisition of Topgolf has opened up a whole new phenomenon that fans are more interested in than ever. To be fair, Callaway still faces some problems. But the golf specialist said that it has been able to mitigate some of the supply chain disruptions that it's had to deal with, largely by shifting production away from Vietnam toward other countries. If the company can avoid the hit it expects in the fourth quarter from supply chain issues, then it could prompt yet another boost to earnings and revenue guidance. Golf is a popular game, and Callaway is tapping into interesting trends. Today's gains could be just a hint of what's to come if the company can execute well on its thus-far successful strategy. 10 stocks we like better than Spotify TechnologyWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Spotify Technology wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 9, 2021 Dan Caplinger owns shares of Apple. The Motley Fool owns shares of and recommends Apple and Spotify Technology. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.Source