FINWIRES · TerminalLIVE
FINWIRES

$CEG

22 stories mentioning CEG

Every FINWIRES story that references CEG, newest first.

Japan

US Equity Markets Higher After Trump Says Israel, Hezbollah to Cease Fighting

US equity indexes were higher on Monday after President Donald Trump said Israel and Hezbollah will cease fighting in Lebanon.* Trump has spoken separately with Israeli Prime Minister Benjamin Netanyahu and Hezbollah representatives, multiple media reports cited the US president as saying. The growing conflict between Israel and Hezbollah in Lebanon will stop, Trump was cited as saying.* Trump, who last week received a framework for a peace agreement with Iran, sent back changes to the proposed deal, officials said, insisting on tougher language about Tehran's nuclear and Strait of Hormuz reopening commitments, CNN reported.* The Institute for Supply Management's US manufacturing index rose to 54.0 in May from 52.7 in April, compared with expectations for 53.0 in a survey compiled by Bloomberg.* The S&P Global US manufacturing index for May was revised down to 55.1 from the flash 55.3, compared with expectations of no revision in a Bloomberg-compiled survey.* July West Texas Intermediate crude oil rose $5.22 to settle at $92.58 per barrel, while August Brent crude, the global benchmark, was last seen up $4.21 at $95.33.* MGM Resorts International (MGM) shares were up roughly 16%, the highest on the S&P 500, after the company confirmed that it received an offer from People Inc. (IAC) to acquire all MGM shares that it does not already own for $48.30 per share in cash.* Constellation Energy (CEG) shares were down about 7.6%, among the lowest on S&P 500 and Nasdaq, after the company said it has priced an underwritten secondary offering of 11 million shares at $281 apiece.

Dow JonesNasdaq CompositeS&P 500$CEG$IAC$MGM
Wire

Top Midday Decliners

Constellation Energy (CEG) priced an underwritten secondary offering of 11 million shares at $281 apiece, it said Monday.Shares were down 6%, with intraday trading volume rising to nearly 6.7 million from the stock's daily average of about 3.1 million.Deutsche Bank downgraded AST SpaceMobile (ASTS) to hold from buy while cutting its price target to $106 from $117.Shares of AST were down 6%, with intraday trading volume rising to over 20 million from a daily average of about 18.6 million.Nvidia (NVDA) has unveiled an artificial intelligence chip, RTX Spark, to power Microsoft (MSFT) Windows personal computers. RTX Spark marks Nvidia's formal entry into the consumer PC processor market, a Wedbush Securities note said on Monday. The foray could hurt Intel (INTC) in particular, Wedbush analyst Matt Bryson wrote in the note.Shares of Intel slipped 3.3%, with intraday trading volume rising to over 95.1 million from a daily average of about 120.6 million.Price: $106.55, Change: $-6.86, Percent Change: -6.05%

$ASTS$CEG$INTC$NVDA
Wire

Top Midday Stories: Oil Rises After Iran Reportedly Says It's Halting Messages With US; Nvidia Launches New AI Chip for Laptops

The Dow Jones Industrial Average was down, while the S&P 500 Index and Nasdaq Composite were roughly flat in late-morning trading Monday, as oil prices rose after Iranian state media disclosed that Iran would halt messages with the US over Israel's military operations in Lebanon.In company news, Nvidia (NVDA) said Monday it has launched RTX Spark, a new AI chip that will feature in Microsoft (MSFT) Windows laptops and desktop personal computers. The chip features an Nvidia Blackwell RTX graphics processing unit, 1 petaflop of AI compute and 128gb of unified memory, Nvidia said. RTX Spark will power its Windows laptops, including Microsoft Surface, and those of its PC partners ASUS, Dell (DELL), HP (HPQ), Lenovo and MSI, Microsoft said in a blogpost. Nvidia shares were up 3.9%, while those of Microsoft, Dell and HP were up 2.0%, 8.5% and 7.2%, respectively.People Inc. said Monday it has submitted a non-binding proposal to acquire all outstanding MGM Resorts International (MGM) shares it doesn't already own for $48.30 per share in cash. The proposal represents a 24.1% premium to the volume-weighted average price of MGM common stock for the 30 trading days ending on May 29, People said. MGM shares were up 16.5%.Taylor Morrison Home (TMHC) has agreed to be acquired by Berkshire Hathaway (BRK.A, BRK.B) for $6.8 billion in cash and a total enterprise value of about $8.5 billion, the companies said Sunday. Berkshire will pay $72.50 per share, a 24% premium to Taylor Morrison's latest closing price of $58.50 on May 29, the companies said. The deal is expected to close in H2, at which point Taylor Morrison will continue to be managed by its existing management team, the companies said. Taylor Morrison shares were up 22.6%, while Berkshire's Class A and Class B shares were down 0.7% and 0.8%, respectively.Constellation Energy (CEG) has priced an underwritten secondary offering of 11 million shares at $281 apiece, the company said Monday. Underwriters have a 30-day option to buy an extra 1.35 million shares, and Constellation said it will repurchase 2 million shares from the underwriters at the offering price under its existing buyback program. Constellation shares were down 5.8%.Salesforce (CRM) said Monday it will invest $2 billion in France through 2030, including the launch of an AI Innovation Hub in Paris for developing, testing and deploying AI applications. Salesforce shares were up 10.2%.Price: $219.23, Change: $+8.09, Percent Change: +3.83%

$BRK.A$BRK.B$CEG$CRM$DELL$HPQ$MGM$MSFT$NVDA$TMHC
Asia Markets

US Equity Futures Rise Pre-Bell Despite Renewed US-Iran Clashes

US equity futures were edging higher pre-bell Monday despite the shaky Middle East ceasefire being tested once again by a new exchange of attacks, even as President Donald Trump stated that Iran wants to come to an agreement.Dow Jones Industrial Average futures were 0.21% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.2% higher.The US said that it struck radar and drone sites in Iran after an American drone was shot down over the weekend. Iran then said it launched its own strike, while Kuwait reported that it intercepted incoming drone and missile fire."Iran really wants to make a deal, and it will be a good one for the U.S.A. and those that are with us," Trump said in a post on Truth Social. He has not yet decided on whether to move forward on an agreement to extend the ceasefire and reopen the Strait of Hormuz.Among the companies reporting financial results this week are Palo Alto Networks (PANW), Broadcom (AVGO), and CrowdStrike (CRWD).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.3% at $93.24 per barrel and US West Texas Intermediate crude 2.9% higher at $89.92 per barrel.The final S&P Global manufacturing purchasing managers index for May, due at 9:45 am ET, is seen coming in at 55.3, unchanged from its prior value, according to estimates compiled by Bloomberg.The May Institute for Supply Management's services index, due at 10 am ET, is projected at 53.0, versus 52.7 previously. The April construction spending report is also due at 10 am ET.In other world markets, Japan's Nikkei closed 0.9% higher, Hong Kong's Hang Seng ended 0.9% higher, and China's Shanghai Composite finished 0.3% lower. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.6% higher in Europe's early afternoon session.In equities, Nvidia (NVDA) and Microsoft (MSFT) shares were up 2.4% and 3.6%, respectively, after Nvidia said it launched RTX Spark, a new chip for Microsoft Windows PC personal AI agents. Dell Technologies (DELL) stock was up 1.2% after the company said it launched its XPS 13 compact laptop. Salesforce (CRM) shares rose nearly 5% after the company said it plans to invest $2 billion in France through 2030 and expand its AI and cloud operations.On the losing side, Toyota Motor (TM) stock was down 3% after a Wall Street Journal report that the Trump administration is expected to propose a tweak to the US-Mexico-Canada Agreement that would require half of all automobile components and materials to come from sources in the US. Constellation Energy (CEG) stock was down 2.7% after the company said certain shareholders launched a public offering of 11 million of its common shares.

Dow JonesNasdaq CompositeS&P 500$AVGO$CEG$CRM$CRWD$DELL$MSFT$NVDA$PANW$TM
Commodities

Update: US DOE Issues Order to Keep Pennsylvania Power Plant Units Online to Support Mid-Atlantic Grid

(Adds information from DOE's emergency order related to Wagner Generating Station from paragraphs 9 to 13)The US Department of Energy on Thursday said it has renewed an emergency order requiring a fossil-fired power plant in Pennsylvania to remain operational to address grid reliability issues in the Mid-Atlantic region.Energy Secretary Chris Wright ordered PJM Interconnection, in coordination with Constellation Energy (CEG), to keep Units 3 and 4 of the Eddystone Generating Station available beyond their planned retirements and to use economic dispatch to limit consumer costs, the Department said in a statement.Eddystone Units 3 and 4, each with 380 megawatt capacity, are subcritical steam boiler-turbine generator units that can run on either natural gas or oil, depending on market conditions, according to a document on the DOE website, which added that these units were installed between 1967 and 1970.These units were initially scheduled to shut down on May 31, 2025.Wright first issued an emergency order on May 30 last year to keep the units online past their planned retirement, with subsequent orders issued later in 2025 and 2026."Keeping these units operational over the past year strengthened energy security in the PJM region, as demonstrated when PJM called on the units to generate electricity during heat waves that hit the region in the summer and during Winter Storm Fern," the statement said.The units generated 26,971 megawatt-hours between June and December last year, the statement said, citing US Environmental Protection Agency data.The order is effective from May 25 through Aug. 22.In a separate statement on Thursday, the DOE said Wright issued an emergency order permitting PJM Interconnection to operate specified units at Talen Energy's (TLN) Wagner Generating Station in Anne Arundel County, Maryland, to meet anticipated electricity demand, following a request from PJM.The order will enhance grid stability and reduce the risk of energy shortfalls in 13 states and the District of Columbia, the statement said."Due to the need to rely on Wagner Unit 4 during the atypically high seasonal temperatures and generator outages, PJM assessed that in such circumstances, there are insufficient generation run hours remaining due to the Operating Limits on Wagner Unit 4," the statement said.This order, issued under Section 202(c) of the Federal Power Act, is effective from May 22 through to Aug. 19.The DOE had previously permitted PJM to allow the dispatch and operation of Unit 4 in excess of its operating limit."The 'growing resource adequacy concern' that PJM cited in its July 2025 request still exists today," the DOE said in the statement.Price: $290.93, Change: $+5.10, Percent Change: +1.78%

$CEG$TLN
Commodities

US DOE Issues Order to Keep Pennsylvania Power Plant Units Online to Support Mid-Atlantic Grid

The US Department of Energy on Thursday said it has renewed an emergency order requiring a fossil fuel-fired Pennsylvania power plant to remain operational to address grid reliability issues in the Mid-Atlantic region.Energy Secretary Chris Wright ordered PJM Interconnection, in coordination with Constellation Energy (CEG), to keep Units 3 and 4 of the Eddystone Generating Station available beyond their planned retirements and to use economic dispatch to limit consumer costs, the Department said in a statement."Eddystone Units 3 and 4, each with 380 MW capacity, are subcritical steam boiler-turbine generator units that can run on either natural gas or oil, depending on market conditions. These units were installed between 1967 and 1970," according to a document on the DOE website.These units were initially scheduled to shut on May 31, 2025.Wright first issued an emergency order on May 30 last year to keep the units online past their planned retirement, with subsequent orders issued later in 2025 and 2026."Keeping these units operational over the past year strengthened energy security in the PJM region, as demonstrated when PJM called on the units to generate electricity during heat waves that hit the region in the summer and during Winter Storm Fern," the statement said.The units generated 26,971 megawatt-hours between June and December last year, the statement said, citing US Environmental Protection Agency data.The order is effective from May 25 through Aug. 22.

$CEG
Wire

NextEra, Dominion Merger Reinforces Power Infrastructure Supercycle Thesis, Wedbush Says

NextEra Energy (NEE) and Dominion Energy's (D) merger shows that the "AI-driven power demand supercycle is not a cyclical trade but a decades-long infrastructure build," Wedbush said in a note Monday.In the grid infrastructure and data center space, Quanta Services (PWR) and Willdan (WLDN) will be direct beneficiaries of the deal, Wedbush said, adding that a combined NextEra and Dominion spanning Florida, Virginia, North Carolina, and South Carolina will need a "sustained acceleration in transmission, substation, and distribution buildout."In the equipment and power management sector, Vertiv (VRT) and Eaton (ETN) are poised to benefit from scale procurement, the note said, adding the combined company's emphasis on "supply chain scale and procurement efficiency points directly to accelerating orders for thermal management, power conversion, and switchgear."In the power generation and fuel supply space, Constellation Energy (CEG), Vistra (VST), and Talen Energy (TLN) will likely also benefit from "demand confirmation," Wedbush said, adding the deal's "explicit framing of surging large-load demand" will support independent power producers serving the same Mid-Atlantic and Southeast regions.Meanwhile, for the materials and enabling technologies sector, the "nuclear infrastructure thesis" will likely be boosted, Wedbush said, as the combined company's position as the second largest in US nuclear generation will back the "long-term investment case for the nuclear supply chain."Cameco (CCJ), BWX Technologies (BWXT), and NuScale Power (SMR) are the companies most directly linked to nuclear fuel, services, and reactor deployment, the note said.Price: $88.37, Change: $-5.00, Percent Change: -5.35%

$BWXT$CCJ$CEG$D$ETN$NEE$PWR$SMR$TLN$VRT$VST$WLDN
Sectors

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks advanced late Thursday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each adding 0.8%.The Philadelphia Oil Service Sector Index was climbing 1.3%, and the Dow Jones US Utilities Index was up 0.3%.Front-month West Texas Intermediate crude oil was rising 0.8% to $101.79 a barrel, and the global benchmark Brent crude contract was adding 0.6% to $106.30 a barrel. Henry Hub natural gas futures rose 1.6% to $2.91 per 1 million BTU.US natural gas stocks rose by 85 billion cubic feet in the week ended May 8, smaller than the 87 billion gain expected in a survey compiled by Bloomberg and following an increase of 63 billion cubic feet in the previous week.In corporate news, Infinity Natural Resources (INR) shares gained 3% after RBC Capital Markets said in a note the company is positioned to outperform peers over the next year as a "niche player" that can switch focus between oil and natural gas.Constellation Energy (CEG) and Pine Creek RNG said Thursday they have signed a long-term agreement under which Constellation will buy a minority equity interest in five Pine Creek production facilities. Constellation shares increased 0.3%.Chevron (CVX) has agreed to sell its downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia, to Eneos for $2.17 billion, Eneos said. Chevron shares added 0.2%.New Fortress Energy (NFE) is seeking permission from a UK court for a restructuring plan that will convert 90% of its $6.5 billion debt into equity and transfer ownership of the company to creditors, Bloomberg reported. New Fortress shares fell 7%.

$CEG$CVX$INR$NFE
Sectors

Sector Update: Energy Stocks Higher Thursday Afternoon

Energy stocks advanced Thursday afternoon, with the NYSE Energy Sector Index rising 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.9%.The Philadelphia Oil Service Sector Index was climbing 1%, and the Dow Jones US Utilities Index was fractionally higher.Front-month West Texas Intermediate crude oil was rising 0.7% to $101.70 a barrel, and the global benchmark Brent crude contract was adding 0.1% to $105.73 a barrel. Henry Hub natural gas futures rose 1.4% to $2.90 per 1 million BTU.US natural gas stocks rose by 85 billion cubic feet in the week ended May 8, smaller than the 87 billion gain expected in a survey compiled by Bloomberg and following an increase of 63 billion cubic feet in the previous week.In corporate news, Constellation Energy (CEG) and Pine Creek RNG said Thursday they have signed a long-term agreement under which Constellation will buy a minority equity interest in five Pine Creek production facilities. Constellation shares increased 0.6%.Chevron (CVX) has agreed to sell its downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia, to Eneos for $2.17 billion, Eneos said. Chevron shares added 0.3%.New Fortress Energy (NFE) is seeking permission from a UK court for a restructuring plan that will convert 90% of its $6.5 billion debt into equity and transfer ownership of the company to creditors, Bloomberg reported. New Fortress shares fell nearly 6%.

$CEG$CVX$NFE
Commodities

Constellation Buys Stake in Pine Creek RNG Facilities in Clean Energy Push

Constellation Energy (CEG) said on Thursday it had agreed to purchase a minority equity stake in five operating renewable natural gas facilities owned by Pine Creek RNG, expanding its push into low-carbon fuel markets.The portfolio, located across Washington, Utah, Iowa, and Illinois, currently produces about 1.5 million MMBtus of RNG per year. The agreement also establishes a framework for the two energy firms to jointly develop an additional 3 million MMBtus of RNG production capacity per year.RNG is produced from organic waste sources such as landfills, wastewater treatment plants, and agricultural digesters. Once processed, it can be injected into pipelines or used as fuel for transport fleets or on-site power generation.Constellation Energy operates a diversified generation fleet across nuclear, natural gas, wind, hydro, solar and geothermal assets, with about 55 gigawatts of capacity, enough to power about 27 million homes.Price: $275.80, Change: $+0.91, Percent Change: +0.33%

$CEG
Research

Research Alert: CFRA Reiterates Buy Opinion On Shares Of Constellation Energy Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $1 to $354, 30.0x our next-12-month EPS estimate of $11.79, reflecting the highest valuation multiple in our Utility sector coverage as we see CEG as one of the top beneficiaries of data-center-driven power demand growth. Our premium valuation is further supported by our expectations of EPS to grow at a 22.5% CAGR from 2025-2028, far exceeding the peer average of 8.0%. We keep our 2026 EPS view unchanged at $11.77 and trim our 2027 EPS view by $0.03 to $13.67. Regarding PJM regulatory uncertainty (reliability backstop procurement), management expects PJM to file a proposal at FERC by June, bilateral contracting beginning September, and central procurement by March 2027, with full clarity expected by year-end 2026, a pace described as "faster than we had hoped" that addresses the vagueness noted at the March investor event. The powered land strategy remains attractive, with 780 MW signed and an additional 380 MW Phase 2 expansion.

$CEG
Commodities

Constellation Energy Reports Dip in Nuclear Power Generation in Q1

Constellation Energy (CEG), one of the largest utilities in the US, reported a dip in its nuclear power generation amid increased refueling outages, in a Q1 earnings update on Monday.The company's nuclear fleet, which includes its owned output from the Salem and South Texas Project generating stations, produced 44,666 gigawatt-hours of electricity during the quarter, down from 45,582 GWh last year.This was attributed to a decline in capacity factors, essentially the maximum possible electricity output from the reactors, to 92.3% down from 94.1%, as planned refueling outage days increased to 99, from 88 days last year.Constellation said its combined-cycle and cogeneration natural gas fleet generated approximately 23 million megawatt-hours of electricity while operating at a 47.1% capacity factor.The company said its expanded retail and commercial platform now delivers about 275 million megawatt-hours of electricity annually and around 800 billion cubic feet of natural gas annually across customers in 40 states.Total capital expenditures stood at $1.27 billion, up from $806 million last year, with the company forecasting $3.9 billion in capital expenditures for the full-year.

$CEG
Commodities

Constellation Energy Reports Fall in Q1 Nuclear Output

Constellation Energy (CEG) on Monday reported Q1 production of 44.67 terrawatt-hours by its nuclear fleet, down from 45.58 TWh in the corresponding quarter last year.The production includes the company's owned output from the Salem and South Texas Project generating stations, the company said in its Q1 earnings statement.The Maryland-based energy company said its nuclear plants, excluding Salem and STP, reported a 92.3% capacity factor in Q1, versus 94.1% in the year-ago period."There were 99 planned refueling outage days in the first quarter of 2026 and 88 in the first quarter of 2025 for sites we operate. There were no non-refueling outage days in the first quarter of 2026 and 2025 for sites we operate," the company added.Earlier in January, the company completed the acquisition of Texas-based power producer Calpine from Energy Capital Partners in a deal valued at about $16.4 billion.Last month, its 460 megawatt Pin Oak Creek Energy Center natural gas-fired peaking power plant in Freestone County, Texas commenced commercial operations. The 105 MW Pastoria solar project in California's Kern County was also commissioned in April.In Q1, the company reported an equivalent forced outage factor for its natural gas, oil, and pumped-storage hydro fleet at 4.5%. EFOF is the percentage for which a generating unit is unavailable due to unplanned outages and forced deratings during a certain period.During the quarter, renewable energy capture for the company's wind, solar and run-of-river hydro fleet stood at was 96.7%, up from 96.2% last year.Constellation Energy has a capacity of 55 gigawatts from nuclear, natural gas, oil, geothermal, hydro, wind and solar facilities and provides power to about 2.5 million customers, according to its statement.Price: $299.47, Change: $-4.16, Percent Change: -1.37%

$CEG
Asia Markets

US Equity Futures Slightly Lower Pre-Bell as Trump Rejects Iran's Response to Peace Proposal, Oil Prices Rise

US equity futures were marginally lower pre-bell Monday as President Donald Trump rejected Iran's response to the US peace proposal, sending oil prices higher amid concerns that the closure of the Strait of Hormuz would be prolonged.Dow Jones Industrial Average futures were flat, S&P 500 futures were down 0.2%, and Nasdaq futures were 0.1% lower.Trump said in a post on Truth Social that he found Iran's response "totally unacceptable." Iran's response had included a demand for war reparations, an end to sanctions, full sovereignty over the Strait of Hormuz, and the release of frozen Iranian assets, the country's state media had said.Energy firm Constellation Energy (CEG) was one of the first companies to kick off earnings this week, posting higher Q1 adjusted earnings and revenue. Among the companies reporting financial results this week are Petrobras (PBR), Cisco Systems (CSCO), Alibaba Group (BABA), Applied Materials (AMAT), and Brookfield (BN).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.8% at $104.11 per barrel and US West Texas Intermediate crude 2.9% higher at $98.16 per barrel.Existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 2% for April after a decline of 3.6% in the prior month, according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 0.5% lower, Hong Kong's Hang Seng ended 0.1% higher, and China's Shanghai Composite finished 1.1% higher. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.5% lower in Europe's early afternoon session.In equities, Palantir Technologies (PLTR) stock was down 2.2% after the company's external staff and other consultants were provided unrestricted entry to identifiable medical records by the UK's National Health Service, according to a Financial Times report citing an internal briefing note.On the winning side, Intel (INTC) shares rose 5.2% after the company and Apple (AAPL) reached a preliminary agreement under which the chipmaker will make some of the chips powering Apple devices, according to a Wall Street Journal report on Friday. Barrick Mining (B) shares were up 3% after the company reported higher Q1 adjusted earnings and revenue. The mining firm also reduced its quarterly dividend and authorized a $3 billion share repurchase program. Constellation Energy (CEG) stock was up 1.3% after the company reported its Q1 financial results.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMAT$B$BABA$BN$CEG$CSCO$INTC$PBR$PLTR
Research

Research Alert: Constellation Energy Beats Q1 Estimates; Calpine Deal Drives Growth Outlook

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Constellation Energy delivered strong Q1 results with adjusted EPS rising 28% to $2.74, beating the consensus by 5.1%, while revenues increased 63.8% to $11.1B due to the Calpine acquisition completed in January. Nuclear operations maintained strong performance with 92.3% capacity factor, slightly below the prior year due to 99 planned refueling outage days vs. 88 in the comparable period. The PUCT's approval of net metering for data center co-location at the Freestone site represents meaningful progress in capturing data center demand growth, building on the previously announced 380 MW agreement with CyrusOne and exclusive rights for an additional 380 MW Phase 2 expansion. Management reaffirmed 2026 adjusted EPS guidance of $11.00-$12.00. We believe the company is well-positioned with projected base earnings growth of ~20% CAGR through 2029, notably excluding significant upside from hyperscaler contracting, natural gas optimization, and the newly authorized $5B share buyback program.

$CEG
Japan

US Equity Futures Largely Flat Pre-Bell as Trump Rejects Iran's Response to Peace Proposal, Oil Prices Rise

US equity futures were largely flat pre-bell Monday as President Donald Trump rejected Iran's response to the US peace proposal, sending oil prices higher amid concerns that the closure of the Strait of Hormuz would be prolonged.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were flat, and Nasdaq futures were 0.1% higher.Trump said in a post on Truth Social that he found Iran's response "totally unacceptable." Iran's response had included a demand for war reparations, an end to sanctions, full sovereignty over the Strait of Hormuz, and the release of frozen Iranian assets, the country's state media had said.Energy firm Constellation Energy (CEG) was one of the first companies to kick off earnings this week, posting higher Q1 adjusted earnings and revenue. Among the companies reporting financial results this week are Petrobras (PBR), Cisco Systems (CSCO), Alibaba Group (BABA), Applied Materials (AMAT), and Brookfield (BN).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.5% at $103.82 per barrel and US West Texas Intermediate crude 2.5% higher at $97.77 per barrel.Existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 2% for April after a decline of 3.6% in the prior month, according to estimates compiled by Bloomberg.

Dow JonesNasdaq CompositeS&P 500$AMAT$BABA$BN$CEG$CSCO$PBR
Stocks Down Pre-Bell as US Rejects Iran's Response to Peace Plan; Investors Await Key Inflation Data
US Markets

Stocks Down Pre-Bell as US Rejects Iran's Response to Peace Plan; Investors Await Key Inflation Data

The benchmark US stock measures were pointing lower before the opening bell Monday as the US rejected Iran's response to its proposal to end their war in the Middle East, while traders await key inflation data later in the week.The S&P 500 and the Nasdaq edged down 0.1% each in premarket activity, while the Dow Jones Industrial Average was slightly in the red. The indexes finished Friday trading in the green, with the S&P 500 and the Nasdaq logging new closing highs.Iran formally sent a response to the latest US peace proposal, outlining its own demands and leaving key gaps between the two sides, The Wall Street Journal reported Sunday. Tehran's response didn't resolve Washington's demand for commitments on its nuclear program and stockpile of highly enriched uranium, according to the report."I have just read the response from Iran's so-called 'representatives,'" President Donald Trump said in a social media post on Sunday. "I don't like it - totally unacceptable!"Iran has reportedly insisted on compensation for war damages, control over the crucial Strait of Hormuz, lifting all sanctions on it and the release of frozen assets.Israeli Prime Minister Benjamin Netanyahu reportedly said in a recent interview with CBS that the war with Iran is not over. "There is still enrichment sites that have to be dismantled, there's still proxies that Iran supports, there are ballistic missiles that they still want to produce ... there's work to be done," Netanyahu said.West Texas Intermediate crude oil increased 2.5% to $97.79 a barrel before the open, while Brent advanced 2.4% to $103.72.Treasury yields were trending upwards in premarket action, with the two-year rate rising 2.9 basis points to 3.92% and the 10-year rate gaining 2.6 basis points to 4.39%.The consumer price index for April is scheduled to be released on Tuesday, followed by data on wholesale prices for the same month on Wednesday. Last month's retail sales report is due on Thursday.Last week, government data showed that the US economy added more jobs than expected in April, while the unemployment rate remained unchanged.For the Federal Reserve, the hiring momentum further shifts the focus to inflation, keeping it on the sidelines for now, "and raising the possibility of future rate hikes," Stifel Chief Economist Lindsey Piegza said in a report e-mailed toon Friday.Consumer sentiment continued to fall in May as cost pressures tied to the Middle East conflict sent the measure tumbling to fresh lows, a survey by the University of Michigan showed Friday.Monday's thin economic calendar has the existing home sales report for April at 10 am ET.Constellation Energy (CEG), Circle Internet (CRCL), Fox (FOX, FOXA), Mosaic (MOS) and Monday.com (MNDY) are slated to report their latest financial results before the bell, among others.Shares of Micron Technology (MU) rose 2.6% pre-bell after closing Friday's trading session up 16%. Hims & Hers Health (HIMS) added 4.5% after the stock closed 10% higher in the previous session. Intel (INTC) climbed 5.5%.Gold declined 1.3% to $4,671 per troy ounce, while bitcoin slipped 0.5% to $81,015.

Dow JonesNasdaq CompositeS&P 500$CEG$CRCL$FOX$FOXA$HIMS$INTC$MNDY$MOS$MU
Wire

JPMorgan Adjusts Constellation Energy Price Target to $386 From $400

Constellation Energy (CEG) has an average rating of overweight and mean price target of $374.67, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $315.82, Change: $+2.82, Percent Change: +0.90%

$CEG
Research

President Capital Initiates Constellation Energy at Buy With $352 Price Target

Constellation Energy (CEG) has an average rating of overweight and mean price target of $375.39, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$CEG
Wire

Scotiabank Adjusts Constellation Energy Price Target to $441 From $481, Maintains Sector Outperform Rating

Constellation Energy (CEG) has an average rating of overweight and mean price target of $375.39, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $300.91, Change: $-4.80, Percent Change: -1.57%

$CEG

Showing 1-20 of 22