Research
Northcoast Downgrades MarineMax to Neutral From Buy
MarineMax (HZO) has an average rating of hold and mean price target of $45, according to analysts polled by FactSet.
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Research
Truist Securities Downgrades MarineMax to Hold From Buy, Adjusts Price Target to $53 From $39
MarineMax (HZO) has an average rating of hold and mean price target of $45, according to analysts polled by FactSet.
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Research
Loop Capital Downgrades MarineMax to Hold From Buy, Adjusts PT to $53 From $41
MarineMax (HZO) has an average rating of overweight and mean price target of $39.57, according to analysts polled by FactSet.
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Japan
Update: US Equity Markets End Lower After Crude Oil Prices Rise Following US-Iran Disagreements
US equity indexes ended lower Monday after crude oil prices rose following President Donald Trump's rhetorical response to Iran's demands, dimming hopes of a quick resolution to the Strait of Hormuz closure.* Iran said it is nearing a final agreement with Oman to define new shipping lanes through the Strait of Hormuz, but reiterated that the US must meet other conditions like compensation, an end to sanctions, and military threats before the waterway can be reopened, Reuters reported.* In response, "I am likewise demanding compensation from Iran, for all of the people that they have killed and gravely wounded with their roadside bombs and many conflicts, for which they are famous..." President Donald Trump said in a Truth Social post.* September West Texas Intermediate crude oil rose $3.88 to settle at $82.06 per barrel, while September Brent crude, the global benchmark, was last seen up $4.03 at $87.58.* Blackstone's (BX) portfolio firm Safe Harbor has agreed to acquire MarineMax (HZO) for $53 per share in cash, valuing the recreational boat retailer at about $1.5 billion, including debt, the companies said Monday. Blackstone shares were up 3.3%, while MarineMax stock gained roughly 46%.* Nvidia (NVDA) shares were down about 2.9%, the worst performer on the Dow, after the company said it is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported.
Dow JonesNasdaq CompositeS&P 500$BX$HZO$NVDA
Japan
US Equity Markets End Lower After Crude Oil Prices Rise Following US-Iran Disagreements
US equity indexes ended lower Monday after crude oil prices rose following President Donald Trump's rhetorical response to Iran's demands, dimming hopes of a quick resolution to the Strait of Hormuz closure.* Iran said it is nearing a final agreement with Oman to define new shipping lanes through the Strait of Hormuz, but reiterated that the US must meet other conditions like compensation, an end to sanctions, and military threats before the waterway can be reopened, Reuters reported.* In response, "I am likewise demanding compensation from Iran, for all of the people that they have killed and gravely wounded with their roadside bombs and many conflicts, for which they are famous..." President Donald Trump said in a Truth Social post.* September West Texas Intermediate crude oil rose $3.88 to settle at $82.06 per barrel, while September Brent crude, the global benchmark, was last seen up $4.03 at $87.58.* Blackstone's (BX) portfolio firm Safe Harbor has agreed to acquire MarineMax (HZO) for $53 per share in cash, valuing the recreational boat retailer at about $1.5 billion, including debt, the companies said Monday. Blackstone shares were up 3.3%, while MarineMax stock gained roughly 46%.* Nvidia (NVDA) shares were down about 2.9%, the worst performer on the Dow, after the company said it is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported.
Dow JonesNasdaq CompositeS&P 500$BX$HZO$NVDA
Sectors
Sector Update: Consumer Stocks Lower in Late Afternoon Trading
Consumer stocks declined late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.3%.In corporate news, Blackstone's (BX) portfolio firm Safe Harbor has agreed to acquire MarineMax (HZO) for $53 per share in cash, valuing the recreational boat retailer at about $1.5 billion, including debt, the companies said Monday. MarineMax shares surged 46%.Lincoln Educational Services (LINC) shares fell 23% after the company reported lower-than-expected student start growth of only 1% in Q2.GameStop (GME) Chief Executive Ryan Cohen is considering pulling the company's $56 billion bid for eBay (EBAY), Bloomberg reported Monday. Cohen is instead weighing a proposal for a joint venture or partnership that would let eBay leverage GameStop's roughly 1,600 US retail locations, the report said. GameStop shares were down 1.8%, and eBay fell 3.4%.Imax (IMAX) said Monday that "The Odyssey" is now the highest grossing IMAX release of all time with $289 million in ticket sales in less than a month. The film has taken in a total of $147 million in IMAX in North America during the period, the company said. Imax shares gained 4.9%.
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Sectors
Sector Update: Consumer
Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.5%.In corporate news, Blackstone's (BX) portfolio firm Safe Harbor has agreed to acquire MarineMax (HZO) for $53 per share in cash, valuing the recreational boat retailer at about $1.5 billion, including debt, the companies said Monday. MarineMax shares surged 45%.
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Wire
Top Midday Gainers
Silence Therapeutics (SLN) reported "positive" topline results from its phase 2 trial of divesiran in 48 phlebotomy-dependent patients with polycythemia vera, according to a statement Monday.Shares soared 29% amid a surge in intraday trading volume to over 13.6 million from a daily average of about 441,000.Blackstone's (BX) portfolio firm Safe Harbor has agreed to acquire MarineMax (HZO) for $53 per share in cash, valuing the recreational boat retailer at about $1.5 billion, including debt, the companies said Monday.Shares of MarineMax surged 45% as intraday trading volume jumped to over 6.28 million from a daily average of roughly 310,000.Teledyne Technologies (TDY) has agreed to acquire X-ray imaging components manufacturer Varex Imaging (VREX) in a $1.1 billion deal that will expand its X-ray device portfolio to include oncology detectors.Shares of Varex surged 48% as intraday trading volume jumped to over 10.9 million from a daily average of roughly 431,000.Price: $696.96, Change: $+5.66, Percent Change: +0.82%
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Wire
Update: Blackstone Portfolio Company to Buy MarineMax for Roughly $1.50 Billion; Shares Rise
(Updates with the latest stock movement in the last paragraph and headline.)Blackstone's (BX) portfolio firm Safe Harbor has agreed to acquire MarineMax (HZO) for $53 per share in cash, valuing the recreational boat retailer at about $1.5 billion, including debt, the companies said Monday.The purchase price represents a 96% premium to MarineMax's last trading day before the public disclosure of an unsolicited, non-binding takeover proposal.The deal, which is expected to close by the end of 2026, was unanimously approved by MarineMax's board following a strategic review.The transaction is not subject to a financing condition, the companies said. Upon completion, MarineMax will no longer be listed on the New York Stock Exchange.Shares of MarineMax were up roughly 46% in Monday trading, while Blackstone stock was up 2.5%.Price: $140.58, Change: $+3.45, Percent Change: +2.52%
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Sectors
Sector Update: Consumer Stocks Rise Late Afternoon
Consumer stocks advanced late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.4%.In corporate news, MarineMax (HZO) shares jumped past 8% after Reuters reported that Blackstone (BX) is among the final bidders to buy the company. Donerail and Centerbridge are also finalists, the report said.Rivian Automotive (RIVN) filed a lawsuit in the US Court of International Trade seeking refunds of tariffs it paid under the International Emergency Economic Powers Act after the US Supreme Court ruled the levies were unlawful, according to a Thursday court filing. Rivian shares were down 3.9%.Lamb Weston (LW) provided upbeat full-year earnings guidance after delivering a fiscal Q4 beat, while the company said disruption from the Middle East conflict weighed on its business in Europe, the Middle East and Africa. Its shares were down 0.5%.Verizon Communications (VZ) raised its full-year earnings outlook on Friday amid phone subscriber gains in Q2, while Charter Communications (CHTR) reported a decline in broadband customers due to competitive pressures. Verizon shares gained 5.2%, and Charter fell 2.9%.Starbucks (SBUX) is expected to report continued sales momentum in fiscal Q3 as its turnaround plans and new sales initiatives supported a recovery in the US business, UBS Securities said in a note. Starbucks shares added 0.6%.
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Wire
Update: Market Chatter: Blackstone Among Final Bidders to Acquire MarineMax
(Updates with Blackstone declines to comment in the last paragraph.)Blackstone (BX) is among the final bidders to acquire MarineMax (HZO), Reuters reported Friday, citing two people familiar with the matter.Donerail and Centerbridge are also finalists, the report said, citing the people.Blackstone declined to comment to, while Donerail and Centerbridge didn't immediately reply to requests for comment.(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: $127.80, Change: $+3.30, Percent Change: +2.65%
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Sectors
Sector Update: Consumer Stocks Higher in Afternoon Trading
Consumer stocks advanced Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.6%.In corporate news, MarineMax (HZO) shares jumped nearly 8% after Reuters reported that Blackstone (BX) is among the final bidders to buy the company. Donerail and Centerbridge are also finalists, the report said.Lamb Weston (LW) provided upbeat full-year earnings guidance after delivering a fiscal Q4 beat, while the company said disruption from the Middle East conflict weighed on its business in Europe, the Middle East and Africa. Its shares were up 0.7%.Verizon Communications (VZ) raised its full-year earnings outlook on Friday amid phone subscriber gains in Q2, while Charter Communications (CHTR) reported a decline in broadband customers due to competitive pressures. Verizon shares gained 3.7%, and Charter fell 2.2%.
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Wire
Blackstone Among Final Bidders to Acquire MarineMax, Reuters Reports
Blackstone Among Final Bidders to Acquire MarineMax, Reuters Reports
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Wire
MarineMax Shares Fall After B. Riley Downgrade
MarineMax (HZO) shares fell 3.1% on Tuesday after B. Riley downgraded the stock to neutral from buy with a price target of $35 per share.Trading volume stood at more than 220,000 shares, compared with a daily average of about 327,000.Price: $32.93, Change: $-1.04, Percent Change: -3.06%
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