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Argus Research Downgrades Edison International to Hold From Buy
Edison International (EIX) has an average rating of hold and mean price target of $75.88, according to analysts polled by FactSet.
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Commodities
NWS Warns of Dangerous Heat in Southwest US
The US National Weather Service early Wednesday said Southwest US is expected to experience dangerous heat build through the end of the week, with daytime temperatures likely to hit highs of 110-115 degree Fahrenheit.The Southern Plains is expected to get some relief by late week with temperatures briefly easing to near-normal before rising again into next week, the agency said.Meanwhile, severe thunderstorms are forecast on Wednesday for parts of the central and southern High Plains, central Great Lakes, and Ozarks.The NWS early Wednesday issued a red flag warning for Idaho's Orofino, Lewiston, Grangeville, and Riggins, primarily served by Idacorp's (IDA) Idaho Power and Avista (AVA) subsidiary Avista Utilities.A similar warning was raised for Oregon's Chemult, Silver Lake, Paisley, Chiloquin, Bly, Klamath Falls, Lakeview, and Adel. These places primarily fall under the service area of PacifiCorp's Pacific Power.In California, a red flag warning was raised for Tulelake, Canby, Alturas, Likely, San Luis Obispo, and parts of Santa Maria. Meanwhile, an extreme heat warning was raised for Palm Springs, Blythe, El Centro Imperial, Twentynine Palms, Barstow, Baker, Death Valley, Victorville, Burbank, Los Angeles, Santa Monica, Beaumont, Riverside, Ontario, Chino, Palm Springs, Indio, Hemet, Temecula, Anaheim, Santa Ana, San Clemente, Borrego Springs, Escondido, Julian, Mount Laguna, El Cajon, Campo, Palmdale, Santa Clarita, Long Beach, Avalon, Malibu, Oxnard, Santa Barbara, and Santa Maria.Pacific Power, PG&E (PCG) subsidiary Pacific Gas and Electric, Edison International's (EIX) Southern California Edison, and Sempra Energy (SRE) unit San Diego Gas & Electric are the major electricity service providers in these places.Las Vegas and Beatty in Nevada, which falls under the service area of Berkshire Hathaway Energy unit NV Energy, were also placed under a similar warning.Affected areas in Arizona include Kingman, Lake Havasu City, Bullhead City, Yuma, Parker, Gila Bend, Dateland, Ajo, Wickenburg, Phoenix, Casa Grande, Globe, Prescott, Tucson, Nogales, Grand Canyon Village, Sierra Vista, Safford, Willcox, Benson, Bisbee, San Carlos, Oracle, Oro Valley, and Green Valley. Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.The NWS issued a flood warnings for Canton, Havana, and areas near Carmi in Illinois; and Indiana's Terre Haute, Vincennes, Petersburg, and areas bordering Illinois.
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Commodities
NWS Warns of Dangerous Heat Across Southern Plains, Southwest US
The US National Weather Service said dangerous heat is expected to continue across the southern Plains, with southwest US likely to see further build by the middle of the week.Southern Plains is forecast to mark several record daily highs into Tuesday, with similar conditions expected in the southwest into the end of the week.The NWS issued an extreme heat warning early Tuesday for Oklahoma's Altus, Lawton, and Duncan. Oklahoma is primarily served by OGE Energy (OGE) unit Oklahoma Gas & Electric and American Electric Power (AEP) subsidiary Public Service Co. of Oklahoma.In Texas, an extreme heat warning was raised for Vernon, Wichita Falls, Jacksboro, Graham, Gainesville, Bowie, Decatur, Sherman, Denton, Fort Worth, Granbury, Dallas, Cleburne, Stephenville, Waxahachie, Hillsboro, Corsicana, Comanche, Waco, Gatesville, and Killeen. These places are primarily served by AEP Texas, Sempra Energy (SRE) unit Oncor, and TXNM Energy's (TXNM) Texas-New Mexico Power.Las Vegas and Beatty in Nevada, which falls under the service area of Berkshire Hathaway Energy unit NV Energy, were also placed under a similar warning.Affected areas in Arizona include Kingman, Lake Havasu City, Bullhead City, Yuma, Parker, Gila Bend, Dateland, Ajo, Wickenburg, Phoenix, Casa Grande, Globe, Prescott, Tucson, Nogales, Grand Canyon Village, Sierra Vista, Safford, Willcox, Benson, Bisbee, San Carlos, Oracle, Oro Valley, and Green Valley. A flash flood warning was raised for Page. Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.Also covered under an extreme heat warning were California's Palm Springs, Blythe, El Centro Imperial, Twentynine Palms, Barstow, Baker, Death Valley, Bishop, Victorville, Burbank, Los Angeles, Santa Monica, Beaumont, Riverside, Ontario, Chino, Palm Springs, Indio, Hemet, Temecula, Anaheim, Santa Ana, San Clemente, Borrego Springs, Escondido, Julian, Mount Laguna, El Cajon, Campo, Palmdale, Santa Clarita, Long Beach, Avalon, Malibu, Oxnard, Santa Barbara, and Santa Maria. A red flag warning was raised for San Luis Obispo, and parts of Santa Maria.PG&E (PCG) subsidiary Pacific Gas and Electric, Edison International's (EIX) Southern California Edison, and Sempra Energy unit San Diego Gas & Electric are the major electricity service providers in these places.The NWS issued a flood warnings for Canton, Havana, and areas near Carmi in Illinois; and Indiana's Terre Haute, Vincennes, Petersburg, and areas bordering Illinois.
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Commodities
NWS Warns of Tropical Storm Moke Impact in Hawaii
The US National Weather Service early Monday said it expects Hawaii to be impacted by Tropical storm Moke, with the windward and southeast areas of Big Island likely to encounter life-threatening flooding and mudslides due to heavy rain and gusty winds.Meanwhile, the northern Rockies/Plains and northern Great Basin areas are expected to experience severe thunderstorms.In the Southern Plains and the Lower Mississippi Valley, dangerous heat is expected to continue and expand further into Southwest by midweek.The NWS issued an extreme heat warning early Monday for Oklahoma's Altus, Hobart, Lawton, Duncan, Chickasha, Oklahoma City, Ardmore and Durant. The state is primarily served by OGE Energy (OGE) unit Oklahoma Gas & Electric and American Electric Power (AEP) subsidiary Public Service Co. of Oklahoma.In Texas, a similar warning was raised for Abilene, Wichita Falls, Jacksboro, Graham, Gainesville, Bowie, Decatur, Sherman, Paris, Denton, Sulphur Springs, Fort Worth, Granbury, Dallas, Cleburne, Stephenville, Waxahachie, Canton, Emory, Hillsboro, Corsicana, Athens, Comanche, Palestine, Fairfield, Waco, Gatesville, Killeen, Lampasas, Temple, Cameron, Hearne, Centerville, Burnet, Georgetown, Austin, Bastrop, Childress, Matador, Guthrie, Post and Aspermont. These places are primarily served by AEP Texas, Sempra Energy (SRE) unit Oncor, and TXNM Energy's (TXNM) Texas-New Mexico Power.Affected areas in Arizona include Yuma, Parker, Gila Bend, Dateland, Ajo, Wickenburg, Phoenix, Casa Grande, Globe, Tucson, Nogales, San Carlos, Safford, Oracle, Oro Valley, Green Valley, Willcox, Benson, Sierra Vista, Sells, and Bisbee. Meanwhile, a flash flood warning was raised for certain pockets. Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.California's Palm Springs, Blythe, El Centro Imperial, Ridgecrest, Mount Laguna, Borrego Springs, Julian, Mount Laguna, Indio, Beaumont, Tehachapi, Edwards AFB, and Frazier Park were also placed under an extreme heat warning watch. A flash flood warning was raised for Chula Vista, San Diego, Solana Beach, Oceanside, San Clemente, Newport Beach, Victorville, Palmdale, and Barstow. Meanwhile, red flag warning was issued for Happy Camp, Yreka, and Fort Jones.PacifiCorp's Pacific Power, PG&E (PCG) subsidiary Pacific Gas and Electric, Edison International's (EIX) Southern California Edison, and Sempra Energy unit San Diego Gas & Electric are the major electricity service providers in these places.A red flag warning was also issued for Oregon's Ashland, Medford, Shady Cove, Crater Lake, and areas near Chemult and Canyonville, served by Pacific Power.
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Commodities
NWS Warns of Heavy Rains in Virginia, Carolinas; Dangerous Heat in Southern Plains, Lower Mississippi Valley
The US National Weather Service said heavy rains are expected to move to Virginia and the Carolinas on Friday from the Mid-Atlantic.Meanwhile, the Southern Plains and the Lower Mississippi Valley are likely to experience continued dangerous heat, with similar conditions expected to expand to the Southwest.The NWS issued an extreme heat warning early Friday for almost the entirety of Louisiana, except for Cameron, and small parts of Abbeville and Morgan City. Entergy's (ETR) Louisiana subsidiaries, Cleco, and American Electric Power (AEP) subsidiary Southwestern Electric Power Company are the major power suppliers in Louisiana.A similar warning was raised for Oklahoma's Oklahoma City, Chickasha, Ada, Duncan, Atoka, Ardmore, and Durant, primarily served by OGE Energy (OGE) unit Oklahoma Gas & Electric and AEP subsidiary Public Service Co. of Oklahoma.Affected areas in Texas include Wichita Falls, Gainesville, Sherman, Paris, Gainesville, Bowie, Decatur, Jacksboro, Graham, Fort Worth, Granbury, Dallas, Cleburne, Stephenville, Waxahachie, Denton, Canton, Emory, Sulphur Springs, Tyler, Lufkin, Jasper, Woodville, Newton, Kerbyville, Orange, Beaumont, Kountze, and Port Arthur. These places are primarily served by Sempra Energy (SRE) unit Oncor, TXNM Energy's (TXNM) Texas-New Mexico Power, Entergy's Texas unit and CenterPoint Energy (CNP).Also covered under an extreme heat warning were Mississippi's Gulfport, McComb, Vicksburg, Jackson, Brookhaven, and Natchez. A severe thunder storm warning was raised for Grenada. Southern Company (SO) subsidiary Mississippi Power and Entergy's Mississippi unit are the major service providers in the state.The NWS also issued extreme heat warnings for El Dorado in Arkansas, primarily served by Entergy Arkansas; and Las Vegas and Beatty in Nevada, which falls under the service area of Berkshire Hathaway Energy unit NV Energy.A similar warning was also raised for Arizona's Kingman, Lake Havasu City, Bullhead City, Yuma, Parker, Gila Bend, Dateland, Ajo, Wickenburg, Phoenix, Casa Grande, Globe, Tucson, San Carlos, Safford, Oracle, and Green Valley. Meanwhile, a flash flood warning was raised for Page. Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.In California, an extreme heat warning was issued for Blythe, El Centro Imperial, Palm Springs, Twentynine Palms, Baker, Death Valley, Mount Laguna, Julian, Borrego Springs, Indio, and Beaumont. A red flag warning was raised for Tulelake, Macdoel, Yreka, Mount Shasta, Alturas, Likely, and Fort Jones.PacifiCorp's Pacific Power, PG&E (PCG) subsidiary Pacific Gas and Electric, Edison International's (EIX) Southern California Edison, and Sempra Energy (SRE) unit San Diego Gas & Electric are the major electricity service providers in these places.A red flag warning was also raised for Oregon's Lakeview, Klamath Falls, Chiloquin, Chemult, Crater Lake, Bly, Paisley, and Silver Lake, primarily served by Pacific Power.The NWS issued a flash flood warning for Georgia's Dalton, served by Southern Company unit Georgia Power; and Alabama's Gadsden and areas near Huntsville, which was placed under a flood warning. Southern Company subsidiary Alabama Power is the major service provider in Alabama.Flood warnings were also issued for parts of Illinois, Ohio, and Indiana.
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Commodities
NWS Warns of Severe Thunderstorms in Mid-Atlantic Coast, Dangerous Heat in Southern US
The US National Weather Service said the Mid-Atlantic coast could likely face risks of scattered flash flooding on Thursday due to thunderstorms expected to move in from the Midwest, Ohio Valley and southern Arizona.Meanwhile, continued dangerous heat is expected in South and Southeast US, with similar conditions expected to build in Southwest.The NWS issued an extreme heat warning for Oklahoma's Ardmore, Ada, Atoka, Durant, and Hugo, primarily served by OGE Energy (OGE) unit Oklahoma Gas & Electric and American Electric Power (AEP) subsidiary Public Service Co. of Oklahoma.In Texas, a similar warning was raised for Gainesville, Bowie, Decatur, Jacksboro, Graham, Fort Worth, Granbury, Dallas, Cleburne, Stephenville, Waxahachie, Denton, Canton, Emory, Sulphur Springs, Sherman, Paris, Greenville and Texarkana. These places are primarily served by Sempra Energy (SRE) unit Oncor and TXNM Energy's (TXNM) Texas-New Mexico Power.Affected areas in Arizona include Kingman, Bullhead City, Lake Havasu City, Parker, Yuma, Gila Bend, Dateland, Ajo, Wickenburg, Phoenix, Casa Grande, Globe, Tucson, Nogales, Sells, Green Valley, Oro Valley, Oracle, San Carlos, Safford, Oracle, Oro Valley, Green Valley, and Grand Canyon Village. A flash flood warning was raised for areas near Casa Grande. Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.California's Blythe, El Centro Imperial, Palm Springs, Twentynine Palms, Baker, Death Valley, Mount Laguna, Julian, Borrego Springs, Indio, Beaumont, and Barstow, primarily served by Edison International (EIX) unit Southern California Edison, were also placed under an extreme heat warning watch.Also covered under the watch were areas near El Dorado and Mena in Arkansas, which mostly fall under the areas served by Entergy's (ETR) Arkansas unit and AEP subsidiary Southwestern Electric Power Company.The NWS issued a severe thunderstorm warning for Clarksville and Dyersburg in Tennessee, where Tennessee Valley Authority is the primary service provider.Areas near Sikeston and Cape Girardeau were also covered under a severe thunderstorm warning watch with a flash flood warning also issued for these places, along with areas near Centerville. Evergy (EVRG), Ameren's (AEE) Missouri unit, and Algonquin Power & Utilities (AQN) subsidiary Liberty are the major service providers in the state.In Kentucky, a severe thunderstorm warning was raised for areas near Paducah and Hopkinsville, with areas near Paducah also covered for a flash flood warning, along with Mayfield. PPL (PPL) subsidiary Louisville Gas and Electric & Kentucky Utilities, AEP unit Kentucky Power, and Duke Energy (DUK) are among the major service providers in Kentucky.Small parts of southern Illinois were also placed under warnings for severe thunderstorm and flood floods. A flash flood warning was also issued for Champaign and Danville, while Decatur, Canton and Havana were placed under a flood warning. Ameren's Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.A flood warning was raised for Indiana's Vincennes, Seymour, Fort Wayne, Marion, Terre Haute and nearby areas bordering Illinois, and areas near Crawfordsville. Greenburg and Seymour were also placed under a severe thunderstorm warning, while a flash flood warning was raised for areas near Indianapolis.NiSource (NI) unit Northern Indiana Public Service Company, Duke Energy, and the Indiana unit of AES (AES), AEP unit Indiana Michigan Power, and CenterPoint Energy (CNP) Indiana unit are among the major service providers in the state.In Ohio, a flash flood warning was raised for Dayton, while areas near Lima were placed under a flood warning.
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Commodities
NWS Warns of Thunderstorms, Heavy Rain in Mid-South; Persistent Heat in Southeast, Southwest US
The US National Weather Service on Wednesday said it expects parts of the mid-Mississippi Valley into the Ohio Valley and parts of Arizona to experience severe thunderstorms and heavy rain.Meanwhile, the South and Southeast US continue to face dangerous heat, with similar conditions building into the Southwest."Overnight lows will be so warm that, when combined with oppressive dew points, little-to-no relief from the scorching daytime highs will be available," the agency said.The NWS issued an extreme heat warning for Arizona's Kingman, Bullhead City, Lake Havasu City, Parker, Yuma, Gila Bend, Dateland, Ajo, Wickenburg, Phoenix, Casa Grande, Globe, Tucson, Nogales, Sells, Green Valley, Oro Valley, Oracle, San Carlos, Safford, Oracle, Oro Valley, Green Valley, and Grand Canyon Village. Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.Nevada's Las Vegas and Beatty, which fall under the service area of Berkshire Hathaway Energy unit NV Energy, were also placed under a similar warning.An extreme heat warning was raised for California's Blythe, El Centro Imperial, Palm Springs, Twentynine Palms, Baker, Death Valley, Mount Laguna, Julian, Borrego Springs, Indio, Beaumont, and Barstow, primarily served by Edison International (EIX) unit Southern California Edison.In Texas, extreme heat warnings were raised for Gainesville, Bowie, Decatur, Jacksboro, Graham, Fort Worth, Granbury, Dallas, Cleburne, Stephenville, Waxahachie, Denton, Canton, Emory, Sulphur Springs, Sherman, Paris, and Greenville. These places are primarily served by Sempra Energy (SRE) unit Oncor.Affected areas in Oklahoma include Bartlesville, Ponca City, Enid, Stillwater, Tulsa, Chandler, Muskogee, Oklahoma City, Oklahoma City, Chickasha, Ada, MAcAlester, Hugo, Duncan, Atoka, Ardmore, and Durant. OGE Energy (OGE) unit Oklahoma Gas & Electric and American Electric Power (AEP) subsidiary Public Service Co. of Oklahoma are the major service providers in Oklahoma.Areas placed under an extreme heat warning watch in Arkansas included Fort Smith, Searcy, Little Rock, Hot Springs, Russellville, Conway, Brinkley, Jonesboro, and parts of Monticello. These places are primarily served by AEP's Southwestern Electric Power Company, and Entergy's (ETR) Arkansas unit.Extreme heat warnings were also raised for Natchez, Cleveland, Greenville, Vicksburg, Greenwood, Jackson, and Brookhaven, where Southern Company (SO) unit Mississippi Power and Entergy Mississippi are the major service providers; and certain areas of Louisiana near Bastrop, Monroe, and Alexandria, served by Entergy Louisiana.The NWS issued a flood warning for Illinois' Peru, Canton, Havana, Ottawa, Champaign, and Decatur. Ameren's (AEE) Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.Indiana's Seymour, Terre Haute, Vincennes, Fort Wayne, and Indianapolis were also covered under a flood warning watch. NiSource (NI) unit Northern Indiana Public Service Company, Duke Energy, and the Indiana unit of AES (AES), AEP unit Indiana Michigan Power, and CenterPoint Energy (CNP) Indiana unit are among the major service providers in the state.The NWS also issued flash flood warnings for Leavenworth in Kansas, and Kansas City in Missouri.
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Commodities
NWS Warns of Thunderstorms, Heavy Rainfall in Plains; Hazardous Heat in South, Southeast
The US National Weather Service said the northern/central Plains are likely to experience severe thunderstorms through Tuesday afternoon, with similar conditions expected in the region stretching from the central Plains to the Mid-Mississippi Valley from Tuesday evening through Wednesday morning.The storms could result in large hail, damaging wind gusts, with heavy rainfall also causing potential scattered flash flooding, the agency said.Meanwhile, the South and Southeast US continues to face hazardous heat.The NWS issued an extreme heat warning early Tuesday for Oklahoma's Bartlesville, Ponca City, Enid, Stillwater, Tulsa, Chandler, Muskogee, Oklahoma City, Oklahoma City, Chickasha, Ada, MAcAlester, Hugo, Duncan, Atoka, Ardmore, and Durant.OGE Energy (OGE) unit Oklahoma Gas & Electric and AEP subsidiary Public Service Co. of Oklahoma are the major service providers in Oklahoma.In Texas, a similar warning was raised for Gainesville, Bowie, Decatur, Jacksboro, Graham, Fort Worth, Granbury, Dallas, Cleburne, Stephenville, Waxahachie, Denton, Canton, Emory, Sulphur Springs, Sherman, Paris, and Greenville. These places are primarily served by Sempra Energy (SRE) unit Oncor.Affected areas in Arkansas include Fort Smith, Russellville, Conway, and Little Rock. These places are primarily served by American Electric Power's (AEP) Southwestern Electric Power Company, and Entergy's (ETR) Arkansas unit.Extreme heat warnings were also raised for Louisiana's Hammond and New Orleans, served by Entergy Louisiana and Entergy New Orleans; Gulfport in Mississippi, where Southern Company (SO) unit Mississippi Power is the major service provider; Mobile in Alabama, served by Southern Company's Alabama Power; and Bainbridge, Valdosta, Hinesville, and Savannah in Georgia, which mostly falls under the service area of Southern Company subsidiary Georgia Power.In Florida, an extreme heat warning was issued for Pensacola, De Funiak Springs, Panama City, Apalachicola, Tallahassee, Marianna, Lake City, Perry, Cross City, Ocala, Lake City, and Jacksonville. Nextera Energy's (NEE) Florida Power & Light, Duke Energy (DUK), and Chesapeake Utilities' (CPK) Florida Public Utilities are the major service providers in these places.South Carolina's Hilton Head Island, Beaufort, Charleston, Summerville, Moncks Corner, Kingstree, Georgetown, Conway and Myrtle Beach; and North Carolina's Whiteville, Southport, Wilmington, Burgaw, Kenansville, New Bern, Jacksonville, Morehead City and Swan Quarter were also placed under an extreme heat warning watch. The Carolinas primarily fall under the service areas of Dukes Energy and Dominion Energy (D).The NWS issued an extreme heat warning for Arizona's Kingman, Bullhead City, Lake Havasu City, Parker, Yuma, Gila Bend, Dateland, Ajo, Wickenburg, Phoenix, Casa Grande, Globe, Tucson, Nogales, Sells, Green Valley, Oro Valley, Oracle, San Carlos, Safford, Oracle, Oro Valley, Green Valley, and Grand Canyon Village. Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.Nevada's Las Vegas and Beatty, which fall under the service area of Berkshire Hathaway Energy unit NV Energy, were also placed under a similar warning.Affected areas in California include Blythe, El Centro Imperial, Twentynine Palms, Baker, Death Valley, and Barstow, primarily served by Edison International (EIX) unit Southern California Edison.Meanwhile, the NWS issued a red flag warning for Oregon's The Dalles, Maupin, Condon, Fossil, Hermiston, Pendleton, and Hood River; and Washington's Walla Walla. These places are primarily service by PacifiCorp's Pacific Power.In Arizona, an extreme heat warning was raised for Parker, Yuma, Gila Bend, Dateland, Ajo, Wickenburg, Phoenix, Casa Grande, Globe, Tucson, Nogales, Sells, Green Valley, Oro Valley, Oracle, San Carlos, and Safford. Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.A severe thunderstorm warning was issued in Nebraska's Lincoln, Nebraska City and Beatrice. The state mostly falls under the service area of regional transmission organization Southwest Power Pool, with Midcontinent ISO also serving some areas.The NWS issued a flood warning for Illinois' Peru, Canton, Havana, Macomb, Pekin, Danville, Champaign, Ottawa, and areas near Kankakee. Ameren's (AEE) Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.Indiana's Seymour, Terre Haute, Vincennes, Indianapolis, Marion, Muncie, Lafayette, Gary, and Fort Wayne were also covered under a flood warning watch. NiSource (NI) unit Northern Indiana Public Service Company, Duke Energy, and the Indiana unit of AES (AES), AEP unit Indiana Michigan Power, and CenterPoint Energy (CNP) Indiana unit are among the major service providers in the state.Flood warnings were also issued for New Lexington and Zanesville in Iowa; Zanesville in Ohio; and Clarksburg in West Virginia.Meanwhile, around 77,775 homes and businesses were without power in Hawaii due to the impact of Tropical Storm Lala, according to data from PowerOutage.us early Tuesday.The NWS had previously warned that Tropical Storm Lala will bring gusty winds, heavy rains, flash flooding, and high surfs even as it moves away from the islands.
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Commodities
NWS Warns of Tropical Storm Lala Impact in Hawaii, Record Heat in Central/Southern Plains
The US National Weather Service on Monday said it expects Tropical Storm Lala to bring continues gusty winds, heavy rains, flash flooding, and high surfs even as it moves away from the islands.The region stretching from the Midwest to the Mid-Atlantic and across the central High Plains is expected to experience persistent severe thunderstorms, heavy rainfall, and flash flooding threats.Meanwhile, areas falling in central/southern Plains and into the Southeast are likely to encounter record heat.The NWS early Monday issued an extreme heat warning for the entirety of Mississippi, except for parts of Hattiesburg. Southern Company (SO) subsidiary Mississippi Power and Entergy's (ETR) Mississippi unit are the major service providers in the state.A similar warning was raised for Alabama's Hamilton, Jasper, Gadsden, Birmingham, Anniston, Sylacauga, Tuscaloosa, Clanton, Alexander City, Demopolis, Troy, Montgomery, and Columbus. Alabama is primarily served by Southern Company's Alabama Power.Affected areas in Arkansas include Russellville, Little Rock, Conway, Brinkley, Searcy, Jonesboro and Pine Bluff, which primarily fall under the service area of Entergy's Arkansas subsidiary.In Louisiana, an extreme heat warning was issued for Baton Rouge, Hammond, Houma and New Orleans, served by Entergy Louisiana and Entergy New Orleans units.Also covered under an extreme heat warning watch were Florida's Panama City, Apalachicola, Tallahassee and parts of De Funiak Springs. Nextera Energy's (NEE) Florida Power & Light and Duke Energy (DUK) are the major service providers in these places.Extreme heat warnings were also issued for Georgia's Hinesville and Savannah, where Southern Company's Georgia Power is the primary service provider; and Memphis and areas near Jackson and Dyersville in Tennessee, where Tennessee Valley Authority is the primary service provider.South Carolina's Hilton Head Island, Beaufort, Charleston, Summerville, Moncks Corner, Florence, Kingstree, Georgetown, Conway and Myrtle Beach; and North Carolina's Whiteville, Southport, Wilmington, Burgaw, Kenansville, New Bern, Jacksonville, and Morehead City were also placed under an extreme heat warning watch. The Carolinas primarily fall under the service areas of Dukes Energy and Dominion Energy (D).In Arizona, an extreme heat warning was raised for Parker, Yuma, Gila Bend, Dateland, Ajo, Wickenburg, Phoenix, Casa Grande, Globe, Tucson, Nogales, Sells, Green Valley, Oro Valley, Oracle, San Carlos, and Safford. Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.A similar warning was also raised for California's Blythe and El Centro Imperial, served by Edison International's (EIX) Southern California Edison.The NWS issued a flood warning for Illinois' Peru, Princeton, Canton, Havana, Macomb, Galesburg, Champaign, Danville, and Ottawa. Ameren's (AEE) Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.Indiana's Seymour, Terre Haute, Vincennes, Indianapolis, Muncie, and Fort Wayne were also covered under a flood warning watch. NiSource (NI) unit Northern Indiana Public Service Company, Duke Energy, and the Indiana unit of AES (AES), AEP unit Indiana Michigan Power, and CenterPoint Energy (CNP) are among the major service providers in the state.Flood warnings were also issued for Burlington in Iowa; Zanesville in Ohio; Elkins, Charleston, and areas near Fairmont and Clarksburg in West Virginia.Meanwhile, a flash flood warning was raised for areas near Philadelphia in Pennsylvania.In a statement issued on Saturday, ComEd said power had been restored to almost 99% of the its customers who were impacted by severe storms in northern Illinois on Aug. 11-12.Destructive winds, tornadoes, and severe storms damaged power infrastructure and disrupted service for nearly 410,000 of the company's customers, the statement added.
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Sectors
Sector Update: Energy Stocks Mixed Wednesday Afternoon
Energy stocks were mixed Wednesday afternoon, with the NYSE Energy Sector Index 0.1% higher and the State Street Energy Select Sector SPDR ETF (XLE) down 0.1%.The Philadelphia Oil Service Sector Index was easing 0.2%, and the Dow Jones US Utilities Index increased 0.2%.In geopolitical news, a raft of top military appointments by Iran's Supreme Leader Mojtaba Khamenei marks a shift to an "offensive doctrine," Mohammad Reza Naqdi, a general in the Islamic Revolutionary Guard Corps who advises the force's new commander, said in an interview on state TV late Tuesday, according to a Bloomberg report.Front-month West Texas Intermediate crude oil shed 0.4% to $82.90 a barrel, and the global benchmark Brent crude contract fell 0.5% to $88.47 a barrel. Henry Hub natural gas futures rose 1.1% to $2.80 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, rose by 11.3 million barrels in the week ended Aug. 7 following a decrease of 400,000 barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks rose by 17.4 million barrels after a 2.5-million-barrel increase in the previous week, compared with the 1.8-million-barrel decrease expected in a Bloomberg survey.The Organization of the Petroleum Exporting Countries lowered its global oil demand growth outlook for 2026 on Wednesday, while projecting a stronger rebound for next year than previously estimated. The cartel now expects oil consumption this year to rise by 580,000 barrels a day this year, down from its previous month's outlook for an increase of 780,000 barrels and marking its fourth consecutive downward revision. For 2027, OPEC now forecasts world oil demand to increase by 2.16 million barrels a day, compared with a gain of 1.94 million barrels projected in July.The International Energy Agency on Wednesday projected a larger decline in global oil demand this year than previously estimated as the continued closure of the Strait of Hormuz weighs on consumption. Oil consumption is now forecast to decline by 1.6 million barrels a day in 2026, about 510,000 barrels more than the agency's prior estimate, it said in its latest monthly oil market report.In corporate news, Energy Fuels (UUUU) said shareholders of Australian Strategic Materials approved Energy Fuels' planned acquisition of the company at meetings held in Perth, Australia. Shares were down 1.4%.Borr Drilling (BORR) shares fell 3%. The firm reported that it swung to a Q2 loss as revenue declined during the period.TechnipFMC (FTI) won a contract valued at $75 million to $250 million to supply flexible flowlines and risers for Azule Energy's West Hub Tails project offshore Angola. Shares were up 0.7%.Edison International's (EIX) Southern California Edison was not found legally responsible for a 2025 Los Angeles-area wildfire after a California state judge declined to rule without a trial, Bloomberg reported Tuesday. Shares were shedding 1.7%.
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Wire
Market Chatter: Edison International's SCE Tentatively Not Held Liable for Eaton Fire
Edison International's (EIX) Southern California Edison was not found legally responsible for a 2025 Los Angeles-area wildfire after a California state judge declined to rule without a trial, Bloomberg reported Tuesday.Superior Court Judge Laura Seigle tentatively denied a request by insurance companies to hold the utility liable for billions of dollars in property losses under a state law that automatically holds utilities responsible when their equipment starts a fire, according to the report.The tentative ruling was debated by lawyers at a hearing Tuesday, days after a Los Angeles County Fire Department report concluded the Eaton Fire was caused by electrical arcing events on an out-of-service tower on a dry hillside, the report said.SCE spokesperson Kathleen Dunleavy said the company is pleased with the tentative ruling, according to Bloomberg.SCE did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $69.93, Change: $+2.10, Percent Change: +3.10%
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Commodities
NWS Forecasts Continued Heat in Continental US, Heavy Rainfall From Midwest to Ohio Valley
The US National Weather Service Monday forecast persistent mid-summer heat across most of the continental US this week, with potential for temperatures to go over the 100 degree Fahrenheit levels in the southern High Plains.Meanwhile, continued severe thunderstorms and heavy rainfall are likely in the region stretching from Midwest to Lower Great Lakes through Monday, with the weather conditions then expected to move to the Ohio Valley and Central Appalachians into Tuesday, the agency said.The NWS issued a red flag warning early Monday for Idaho's Shoup, Salmon, Challis, Stanley, Dubois, Rexburg, Mackay, Arco, Rexburg, Rigby, Idaho Falls, Blackfoot, Palisades, Driggs, Pocatello, Blackfoot, Shoeshone, and Burley. These places are primarily provided electricity by Idaho Power's (IDA) and PacifiCorp's Rocky Mountain Power.A similar warning was issued for Wyoming's Muddy Gap, Shirley Basin, Baggs, Rawlins, Garret, Medicine Bow, Elk Mountain, Saratoga, Centennial, Chugwater, Glendo, Glenrock, Bill, Douglas, Rusk, Torrington, Lance Creek, New Castle, Moorcroft, Gillette, Sundance and Hullett. Meanwhile, an evacuation immediate notice was raised for Dubois, Riverton and Lander, due to a wildfire near Johnny Lee`s Corner. Wyoming mostly falls under the service area of PacifiCorp's Rocky Mountain Power.A red flag warning was also raised for Edgemont and Hot Springs in South Dakota.The NWS issued an extreme heat warning was raised for Nevada's Gerlach, Fallon, Lovelock, Las Vegas, Beatty, and Carson City, which primarily falls under the service area of Berkshire Hathaway Energy unit NV Energy.A similar warning was raised for California's Blythe, El Centro Imperial, Death Valley, Edwards AFB, Frazier Park, Tehachapi, Taft, Ridgecrest, Bakersfield, Taft, Lake Isabella, Delano, Porterville, Tulare, Visalia, Avenal, Coalinga, Hanford, Selma, Fresno, Madera, Oakhurst, Mariposa, Los Banos, and Merced.PG&E (PCG) subsidiary Pacific Gas and Electric, Edison International's (EIX) Southern California Edison, and Sempra Energy (SRE) unit San Diego Gas & Electric are the major electricity service providers in these places.Affected areas in Missouri included Columbia, Boonville, Sedalia, Warrensburg, Harrisonville, Buttler, Clinton, Jefferson City, Camdenton, Osage Beach, Nevada, Joplin, Washington, and St. Louis. Missouri is primarily served by Evergy (EVRG), Ameren's (AEE) Missouri unit, and Algonquin Power & Utilities (AQN) subsidiary Liberty.Paola and areas near Iola in Kansas, where Evergy is among the major service providers, were also placed under an extreme heat warning watch.In Arizona, the NWS issued an extreme heat warning for Yuma, Parker, Kingman, and Bullhead City, while a flash flood warning was raised for Nogales, Gila Bend, Phoenix, and Wickenburg. A severe thunderstorm warning was also raised for parts of Parker. Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.Meanwhile, in Illinois, an extreme heat warning was issued for Chester, and areas near Carlinville and Vandalia, while a flash flood warning was issued for Kankakee, Ottawa, and Pontiac. A severe thunderstorm warning was issued for areas near Kankakee. Illinois is primarily served by Ameren's Illinois unit and Exelon (EXC) subsidiary ComEd.The NWS also issued a severe thunderstorm warning for some areas of Michigan and Indiana.
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Commodities
NWS Forecasts Dangerous Heat in Desert Southwest, Intermountain West; Storms in Central, Eastern US
The US National Weather Service said it expects the Desert Southwest and Intermountain West regions to experience dangerous heat, which will intensify further.Elevated wildfire conditions are likely in the northern Intermountain West due to the presence of hot, dry weather and increasing winds. The region is expected to face persistent air quality issues due to ongoing fires.Meanwhile, scattered showers and storms are forecast for central and eastern US through the end of the week.The NWS early Friday issued a red flag warning for Montana's Thompson Falls, Poison, Missoula, Hamilton, Drummond, Sula, Butte, Anaconda, Helena, Great Falls, Bozeman, Dillion, Stanford, and Boulder. These places are primarily served by Northwestern Energy (NWE).A similar warning was raised for Idaho's Orofino, Pierce, Grangeville, Riggins, Lewiston, which primarily fall under the service area of Idacorp's (IDA) Idaho Power; and Oregon's Maupin, The Dalles, Condon, Fossil, Hermiston, and Pendleton, served by PacifiCorp's Pacific Power.Affected areas in Washington include Goldendale, Wenatchee, Ellensburg, Moses Lake, Yakima, Connell, Sunnyside, Pasco, and Walla Walla. Pacific Power, Avista (AVA) unit Avista Utilities and Puget Sound Energy are among the primary electricity service providers in the state.Also covered under a red flag warning watch were Wyoming's Muddly Gap, Shirley Basin, Rawlins, Garret, Medicine Bow, Elk Mountain, Saratoga, and Centennial; and Colorado's Canon City and Pueblo.Wyoming mostly falls under the service area of PacifiCorp's Rocky Mountain Power, while Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the primary electricity service providers in Colorado.The NWS issued an extreme heat warning for Utah's Delta, Nephi, Wendover, Tooele, Ogden, Salt Lake City, Capitol Reef National Price, Green River, Price, St George, Bryce Canyon National Park, Zion National Park, Escalante, and areas near Bluff. Rocky Mountain Power is the primary service provider in the state.A similar warning was also raised for Nevada's Wells, Tonopah, Beatty, Las Vegas, Caliente, Austin, Fallon, Lovelock, Germach, McDermitt, Carson City, Reno, Denio, Elko, Wells, Battle Mountain, Eureka, and Winnemucca. Nevada primarily falls under the service area of Berkshire Hathaway Energy unit NV Energy.Affected areas in Arizona include Parker, Kingman, Lake Havasu City, Yuma, Bullhead City, Gila Bend, Phoenix, Wickenburg, Dateland, Casa Grande, Page, and Grand Canyon Village. These places are primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiary Unisource.In California, an extreme heat warning was issued for Blythe, El Centro Imperial, Palm Springs, Palmdale, Twentynine Palms, Barstow, Baker, Death Valley, Bishop, Tehachapi, Mount Laguna, Julian, Borrego Springs, Beaumont, Indio, Victorville, Ridgecrest, Edwards AFB, Frazier Park, and parts of Santa Barbara and Santa Maria.Pacific Power, PG&E (PCG) subsidiary Pacific Gas and Electric, Edison International's (EIX) Southern California Edison, and Sempra Energy (SRE) unit San Diego Gas & Electric are the major electricity service providers in these places.The NWS issued a flood warning for Missouri's Boonville and nearby areas, which fall under the service area of Ameren's (AEE) Missouri unit; and George West in Texas, served by American Electric Power's (AEP) Texas unit.
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Equities
Correction: S&P 500 Posts Weekly Gain Amid AI Monetization Optimism
(Corrects to remove detailed Microsoft information as story published July 31 included Q3 data.)The Standard & Poor's 500 index rose 1.1% this week as hyperscalers showed the mega spend on the artificial intelligence buildout is being monetized.The market benchmark ended the week at 7,489.72. The index is now down 0.1% quarter-to-date but up 9.4% year-to-date.Microsoft (MSFT) and Amazon.com (AMZN) rose this week as quarterly results from the tech giants showed revenue growth in areas related to AI products and services, helping calm worries surrounding hundreds of billions of dollars of investments earmarked for the AI buildout.The consumer discretionary sector in the S&P 500 had the largest percentage gain of the week, up 8.3%, followed by a 5.4% advance in communication services and a 1.2% rise in consumer staples.Sales at Amazon's cloud computing unit delivered the fastest growth in 18 quarters, helping the e-commerce giant exceed market expectations for Q2 earnings and revenue. Shares jumped 17% this week even as the e-commerce behemoth expanded its capital expenditure by about $20 billion to $220 billion.A consortium of banks led by Morgan Stanley (MS) is in talks to lend $15 billion to a data-center developer to build a campus and power plant for Anthropic in Texas, The Wall Street Journal reported Thursday, citing people familiar with the matter. Alphabet's (GOOG, GOOGL) Google would provide financial guarantees and chips for the project. Shares of Alphabet are up 12% this week.The three worst-performing S&P 500 sectors this week were utilities, real estate and materials, down 4.2%, 2.2%, and 1.7%, respectively.C.H. Robinson Worldwide (CHRW) said a jury in Texas issued a $604 million advisory verdict against the firm and two other defendants in a lawsuit stemming from a trucking accident involving an independent motor carrier. Shares declined 21% this week.Edison International (EIX) said Thursday that Southern California Edison believes it is likely its equipment was associated with the ignition of the 2025 Eaton Fire, according to a Thursday quarterly filing. Southern California Edison recorded $1.6 billion in settlement-related losses and said it expects to incur additional material losses related to the fire, per the filing. Shares of Edison slumped 8% this week.Palantir Technologies (PLTR), Space Exploration Technologies (SPCX), Advanced Micro Devices (AMD), Caterpillar (CAT), Walt Disney (DIS), SanDisk (SNDK), Uber Technologies (UBER) and Take-Two Interactive Software (TTWO) are among the companies reporting their quarterly results next week.Economic data due next week includes non-farm payrolls, job openings and labor turnover survey, and ISM manufacturing and services purchasing managers' indexes.
S&P 500$AMD$AMZN$CAT$CHRW$DIS$EIX$GOOG$GOOGL$MS$MSFT$PLTR$SNDK$SPCX$TTWO$UBER
Commodities
NWS Warns of Storms in Central, Eastern US; Dangerous Heat in Intermountain West
The US National Weather Service on Thursday forecast scattered showers and storms for parts of central and eastern US through the end of the week due to the presence of a frontal boundary.Meanwhile, the Intermountain West region is expected to experience the intensification of dangerous heat conditions, which are expected to spread to central US by early next week, the agency said.The Northern/Central Plains are likely to face elevated wildfire conditions, while persistent air quality issues are forecast in the Northwest.The NWS early Thursday issued a red flag warning for Wyoming's Baggs, Muddy Gap, Rawlins, Saratoga, Elk Mountain, Medicine Bow, Shirley Basin, Garrett, Bosler, Centennial, Chugwater, Pine Bluffs, Cheyenne, Glenrock, Glendo, Douglas, Bill, Lance Creek, Lusk, and Torrington.Wyoming mostly falls under the service area of PacifiCorp's Rocky Mountain Power.A similar warning was raised for Colorado's Buena Vista, Gunnison, Lake City, Montrose and areas near Pagosa Springs and Alamosa. Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the primary electricity service providers in the state.Red flag warnings were also issued for Montana's Glasgow, Glendive, Miles City, Terry, Circle, Jordan, Winnett, Ekalaka, Sidney, and parts of Malta; South Dakota's Buffalo, Belle Fourche, Hot Springs, Edgemont, and Custer; and Oregon's Cave Junction, Ashland, Medford, Grants Pass, Shady Cove.MDU Resources (MDU) unit Montana-Dakota Utilities and Northwestern Energy (NWE) are the major service providers in Montana, while Xcel Energy, NorthWestern Energy, Montana-Dakota Utilities, Otter Tail (OTTR) subsidiary Otter Tail Power, and Black Hills Energy are among the major electric utility service providers operating in South Dakota. Affected areas in Oregon mostly fall under the service area of PacifiCorp's Pacific Power.Also covered under a red flag warning watch were Williston, Dickinson, Bowman, and Elgin in North Dakota, where Xcel Energy, Montana-Dakota Utilities, and Otter Tail Power are the major electric utility service providers.In California, a red flag warning was raised for Happy Camp, Fort Jones, and areas near Yreka and Willow Creek. Meanwhile, an extreme heat warning was issued for Blythe, El Centro Imperial, Palm Springs, Palmdale, Twentynine Palms, Barstow, Baker, Death Valley, Bishop, Tehachapi, Mount Laguna, Julian, Borrego Springs, Beaumont, Indio, Victorville, Ridgecrest, Edwards AFB, Frazier Park, and parts of Santa Barbara and Santa Maria.Pacific Power, PG&E (PCG) subsidiary Pacific Gas and Electric, Edison International's (EIX) Southern California Edison, and Sempra Energy (SRE) unit San Diego Gas & Electric are the major electricity service providers in these places.An extreme heat warning was also raised for Wells, Tonopah, Beatty, Las Vegas, and Caliente in Nevada, which falls under the service area of Berkshire Hathaway Energy unit NV Energy.Affected areas in Utah included St George, Bryce Canyon National Park, Zion National Park, Escalante, Capitol Reef National Price, Green River, Price, Delta, Nephi, Wendover, Tooele, Ogden, and areas near Bluff. Rocky Mountain Power is the primary service provider in the state.In Arizona, the NWS issued an extreme heat warning for Parker, Kingman, Lake Havasu City, Yuma, Bullhead City, Gila Bend, Phoenix, Wickenburg, Dateland, Casa Grande, Page, and Grand Canyon Village. Meanwhile, a flash flood warning was raised for Sells, Sierra Vista, Green Valley, Tucson, Bisbee, and Benson.Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.Flash flood warnings were also raised for Morristown in New Jersey and Tucumcari in New Mexico.In Missouri, the NWS issued a flood warning for Clinton, Harrisonville, Boonville, and areas near Columbia. Evergy (EVRG), Ameren's (AEE) Missouri unit, and Algonquin Power & Utilities (AQN) subsidiary Liberty are the major service providers in the state.A flood warning was also issued for George West in Texas, served by American Electric Power's (AEP) Texas unit.
$AEE$AEP$AQN$BKH$EIX$EVRG$MDU$NWE$OTTR$PCG$PNW$SRE$XEL
Wire
Ladenburg Thalmann Adjusts Price Target on Edison International to $62.50 From $64.50
Edison International (EIX) has an average rating of hold and mean price target of $76.04, according to analysts polled by FactSet.Price: $67.98, Change: $-2.72, Percent Change: -3.84%
$EIX
Commodities
NWS Warns of Storms in Central, Eastern US; Dangerous Heat in Southwest
The US National Weather Service said portions of the central and eastern US could encounter heavy showers and storms through the end of the workweek due to a series of fronts.Persistent dangerous to extreme heat conditions are forecast for Southwest US, with the conditions expected to expand eastward over the weekend into early next week, the agency said.The Great Basin continues to face elevated fire risks continues, while poor air quality lingers across the Northwest.The NWS early Wednesday issued a red flag warning for Colorado's Kremmling, Aspen, Vail, Rifle, Buena Vista, Gunnison, Lake City, and Grand Junction. Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the primary electricity service providers in the state.A similar warning was raised for Oregon's Sutherlin, Roseburg, Canyonville, Shady Cove, Grants Pass, Medford, Ashland, and Cave Junction, primarily served by PacifiCorp's Pacific Power.Also placed under a red flag warning were California's Happy Camp, Mount Shasta, and Fort Jones. Meanwhile, an extreme heat warning was raised for Blythe, El Centro Imperial, Palm Springs, Palmdale, Twentynine Palms, Mount Laguna, Julian, Borrego Springs, Beaumont, Indio, Victorville, Barstow, Baker, Death Valley, Bishop, Tehachapi, Ridgecrest, Edwards AFB, Frazier Park, and parts of Santa Barbara and Santa Maria.Pacific Power, PG&E (PCG) subsidiary Pacific Gas and Electric, Edison International's (EIX) Southern California Edison, and Sempra Energy (SRE) unit San Diego Gas & Electric are the major electricity service providers in these places.An extreme heat warning was also raised for Tonopah, Beatty, Las Vegas, and Caliente in Nevada, which falls under the service area of Berkshire Hathaway Energy unit NV Energy.In Arizona, affected areas included Parker, Kingman, Lake Havasu City, Yuma, Bullhead City, Gila Bend, Phoenix, Wickenburg, Dateland, Casa Grande, Page, and Grand Canyon Village. These places are primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiary Unisource.A flood warning was raised for George West in Texas, served by American Electric Power's (AEP) Texas unit.The NWS also issued a flash flood warning for small pockets near Omaha bordering Iowa and Nebraska.
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Commodities
NWS Warns of Extreme Heat in Southwest US
The US National Weather Service on Tuesday said southwest US continued to experience extreme heat, with temperatures expected to surpass 120 degrees Fahrenheit.The hot weather is expected to spread across western and south-central US by mid-August, agency said.Meanwhile, the region stretching from the northern Plains into the upper Midwest could potentially face severe thunderstorms, severe wind gusts and large hail on Tuesday, while heavy rainfall is possible in eastern US.The NWS early Tuesday issued a red flag warning for Colorado's Rangely, Meeker, Kremmling, Craig, Aspen, Vail, Cortez, Durango, and Rifle. Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the primary electricity service providers in the state.A similar warning was raised for Utah's Duchesne, Price and Green River, which mostly fall under the service area of PacifiCorp's Rocky Mountain Power.Also placed under a red flag warning were Oregon's Sutherlin, Roseburg, Canyonville, Shady Cove, Grants Pass, Medford, Ashland, Cave Junction, and parts of Corbett and Hood River; and areas near Vancouver in Washington. These places are primarily served by PacifiCorp's Pacific Power.In California, a red flag warning was issued for Happy Camp, Mount Shasta, and Fort Jones. Meanwhile, an extreme heat warning was raised for Blythe, El Centro Imperial, Palm Springs, Twentynine Palms, Barstow, Baker, Death Valley, Bishop, Ridgecrest, Edwards AFB, Frazier Park, Mount Laguna, Julian, Borrego Springs, Beaumont, Indio, Victorville, Palmdale, Tehachapi, and parts of Santa Barbara and Santa Maria.Pacific Power, PG&E (PCG) subsidiary Pacific Gas and Electric, Edison International's (EIX) Southern California Edison, and Sempra Energy (SRE) unit San Diego Gas & Electric are the major electricity service providers in these places.The NWS also issued an extreme heat warning for Tonopah, Beatty, Las Vegas, and Caliente in Nevada, which falls under the service area of Berkshire Hathaway Energy unit NV Energy.Affected areas in Arizona included Parker, Kingman, Lake Havasu City, Yuma, Bullhead City, Gila Bend, Phoenix, Wickenburg, Dateland, Casa Grande, Page, and Grand Canyon Village. These places are primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiary Unisource.A flood warning was raised for George West in Texas, served by American Electric Power's (AEP) Texas unit.
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Commodities
NWS Warns of Wildfires in Pacific Northwest, Rockies, Plains
The US National Weather Service said it expected the Pacific Northwest, Rockies regions to experience continued wildfires and poor air quality, with similar conditions likely to spread to the Plains.The northern Plains and upper Midwest regions could potentially face severe thunderstorms along a frontal boundary on Monday, while another weather boundary may bring showers and thunderstorms to the East seaboard, with some areas receiving heavy rain, the agency said.In Alaska, winds and rainfall are expected due to a strong Bering Sea storm.The NWS early Monday issued a red flag warning for Wyoming's Pinedale, Big Piney, Kemmerer, Evanston, Rocksprings, Rawlins, Sheridan, Buffalo, Douglas, Garrett, Medicine Bow, Elk Mountain, Saratoga, Baggs, Bill, Glenrock, Lance Creek, Glendo, Lusk, Torrington, Wheatland, Chugwater, Pine Bluffs, Newcastle, and Cheyenne. Wyoming mostly falls under the service area of PacifiCorp's Rocky Mountain Power.A similar warning was raised for Nebraska's Harrison, Chadron, Alliance, Scottsbluff, Bridgeport, Harrisburg, Kimball, Sidney, Hyannis, Arthur, Ogallala, Rushville, and Chappell. A major part of the state is covered under the service area of regional transmission organization Southwest Power Pool, with Midcontinent ISO also serving some areas.Also placed under a red flag warning were Beulah, Dickinson, Bismarck, Bowman, and Elgin in North Dakota, where Xcel Energy (XEL), MDU Resources (MDU) unit Montana-Dakota Utilities, and Otter Tail (OTTR) subsidiary Otter Tail Power are the major electric utility service providers.Affected areas in South Dakota include Buffalo, Lemmon, Faith, Dupree, Belle Fourche, Sturgis, Spearfish, Rapid City, Hermosa, Wall, Philip, Pierre, Wall, Kadoka, Hot Springs, Edgemont, Pine Ridge, Martin, Mobridge, and Murdo. Xcel Energy, NorthWestern Energy (NWE), Montana-Dakota Utilities, Otter Tail Power, and Black Hills (BKH) subsidiary Black Hills Energy are among the major electric utility service providers operating in South Dakota.In Montana, a red flag warning was raised for Cut Bank, Great Falls, Helena, Bozeman, Havre, Livingstone, Billings, Red Lodge, Miles City, Harlem, Conrad, Choteau, Fort Benton, Stanford, Lewiston, Boulder, Harlowtown, Roundup, Ekalaka, and Broadus. MDU Resources (MDU) unit Montana-Dakota Utilities and Northwestern Energy (NWE) are the major service providers in the state.The NWS also issued red flag warnings for Oregon's Albany, Eugene, Cottage Grove, Cave Junction, Grants Pass, Crater Lake, Shady Cove, Ashland, Medford, primarily served by PacifiCorp's Pacific Power; and Cortez, Durango, and Nucla in Colorado, where Xcel Energy and Black Hills Energy are the primary electricity service providers.In Utah, a red flag warning was issued for Duchesne, Price, Monticello, Bluff, Blanding, Green River, and parts of Capitol Reef National Park. Capitol Reef National Park was also placed under an extreme heat warning watch along with St George, Zion National Park, Escalante, and Moab. Rocky Mountain Power is the major service provider in the state.The NWS also issued an extreme heat warning for Tonopah, Beatty, Las Vegas, and Caliente in Nevada, which falls under the service area of Berkshire Hathaway Energy unit NV Energy.Affected areas in Arizona included: Parker, Kingman, Lake Havasu City, Yuma, Kingman, Bullhead City, Ajo, Gila Bend, Phoenix, Wickenburg, Dateland, Prescott, Payson, Globe, Casa Grande, Tucson, Nogales, Sierra Vista, Bisbee, Page, Oracle, Oro Valley, Benson, Safford, Sells, Green Valley, Page, and Grand Canyon Village.Arizona is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.In California, an extreme heat warning was raised for Blythe, El Centro Imperial, Palm Springs, Twentynine Palms, Barstow, Baker, Death Valley, Campo, El Cajon, Mount Laguna, Julian, Borrego Springs, Ontario, Chino, San Bernardino, Hemet, Indio, Escondido, Hemet, Beaumont, Indio, Ridgecrest, Edwards AFB, and Frazier Park. PG&E (PCG) subsidiary Pacific Gas and Electric, Edison International's (EIX) Southern California Edison, and Sempra Energy (SRE) unit San Diego Gas & Electric are the major electricity service providers in these places.The NWS issued flash flood warnings for certain parts of New York and Pennsylvania, while flood warnings were raised for small pockets of Texas and West Virginia.
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Equities
S&P 500 Posts Weekly Gain Amid AI Monetization Optimism
The Standard & Poor's 500 index rose 1.1% this week as hyperscalers showed the mega spend on the artificial intelligence buildout is being monetized.The market benchmark ended the week at 7,489.72. The index is now down 0.1% quarter-to-date but up 9.4% year-to-date.Microsoft (MSFT) and Amazon.com (AMZN) rose this week as quarterly results from the tech giants showed revenue growth in areas related to AI products and services, helping calm worries surrounding hundreds of billions of dollars of investments earmarked for the AI buildout.Microsoft reported triple-digit AI annual recurring revenue growth and an accelerating Azure trajectory into the end of 2026, Dan Ives, global head of technology at Wedbush Securities, said in a note to clients. The software behemoth's quarterly results, which included Azure's full-year revenue surpassing $100 billion for the first time, reinforced the idea that "any knee-jerk reactions to the elevated capex framework represent strong buying opportunities," Ives said.Shares of Microsoft were up 22% this week.The consumer discretionary sector in the S&P 500 had the largest percentage gain of the week, up 8.3%, followed by a 5.4% advance in communication services and a 1.2% rise in consumer staples.Sales at Amazon's cloud computing unit delivered the fastest growth in 18 quarters, helping the e-commerce giant exceed market expectations for Q2 earnings and revenue. Shares jumped 17% this week even as the e-commerce behemoth expanded its capital expenditure by about $20 billion to $220 billion.A consortium of banks led by Morgan Stanley (MS) is in talks to lend $15 billion to a data-center developer to build a campus and power plant for Anthropic in Texas, The Wall Street Journal reported Thursday, citing people familiar with the matter. Alphabet's (GOOG, GOOGL) Google would provide financial guarantees and chips for the project. Shares of Alphabet are up 12% this week.The three worst-performing S&P 500 sectors this week were utilities, real estate and materials, down 4.2%, 2.2%, and 1.7%, respectively.C.H. Robinson Worldwide (CHRW) said a jury in Texas issued a $604 million advisory verdict against the firm and two other defendants in a lawsuit stemming from a trucking accident involving an independent motor carrier. Shares declined 21% this week.Edison International (EIX) said Thursday that Southern California Edison believes it is likely its equipment was associated with the ignition of the 2025 Eaton Fire, according to a Thursday quarterly filing. Southern California Edison recorded $1.6 billion in settlement-related losses and said it expects to incur additional material losses related to the fire, per the filing. Shares of Edison slumped 8% this week.Palantir Technologies (PLTR), Space Exploration Technologies (SPCX), Advanced Micro Devices (AMD), Caterpillar (CAT), Walt Disney (DIS), SanDisk (SNDK), Uber Technologies (UBER) and Take-Two Interactive Software (TTWO) are among the companies reporting their quarterly results next week.Economic data due next week includes non-farm payrolls, job openings and labor turnover survey, and ISM manufacturing and services purchasing managers' indexes.
S&P 500$AMD$AMZN$CAT$CHRW$DIS$EIX$GOOG$GOOGL$MS$MSFT$PLTR$SNDK$SPCX$TTWO$UBER
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