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FINWIRES

Sector Update: Consumer Stocks Lean Lower Pre-Bell Monday

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-- Consumer stocks were leaning lower pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 0.1%.

GameStop (GME) said it submitted a non-binding proposal to acquire all outstanding shares of eBay (EBAY) for $125 each. Shares of eBay were up more than 6% and GameStop stock was down more than 5% premarket.

Tyson Foods (TSN) shares were up more than 1% after the company reported fiscal Q2 adjusted net income and sales that topped analysts' estimates.

Norwegian Cruise Line (NCLH) stock was down more than 6% after the company issued Q2 adjusted earnings outlook below analysts' expectations and cut its 2026 adjusted EPS guidance.

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Research Alert: CFRA Maintains Sell Opinion On Shares Of Imperial Oil Limited

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our target price to CAD145 (from CAD128), implying 9.0x EV to projected 2027 EBITDA, above the historical average. Shares are up ~55% year to date in 2026 and continue to trade at a significant premium relative to peers and its own historical multiple. As a result, while we like IMO's cost improvements and growth potential, we continue to think the upside is largely priced in at this point, and we recommend investors take profits. Valuation is at decade highs relative to peers and 1.7 standard deviations above its 10-year upper band. Share reduction has been aggressive and beneficial to shareholders; however, no shares were repurchased in Q1 2026. Q1 was a particularly weak quarter for IMO, with net income down 27% on a combination of flat production, weaker pricing realizations, a wider differential, and negative foreign exchange impacts. Operational execution of this quality will likely dent the aforementioned premium. We lift our 2026 EPS to CAD9.66 from CAD6.33 and 2027 EPS to CAD8.22 from CAD6.99.

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