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Wire

Algorhythm Unit Expands Freight Contract With Procter & Gamble India

Algorhythm (RIME) said Monday its unit SemiCab India was awarded an expansion of its managed freight services contract with Procter & Gamble (PG) India, boosting total annual contract value by 32% to $4.2 million.Under the expanded agreement, lane volume will increase to 65 lanes from 42, covering Procter & Gamble's manufacturing and distribution corridors across India, according to a statement.The company said SemiCab India's platform supports freight orchestration and provides visibility across transportation networks.Shares of Algorhythm were up more than 11% in Monday afternoon trading.Price: $0.74, Change: $+0.08, Percent Change: +11.50%

$PG$RIME
Research

Research Alert: CFRA Maintains Sell Opinion On Shares Of P&g

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month price target by $7 to $136, based on 19.5x our FY 26 EPS estimate and below the company's five-year average forward P/E multiple of 23.6x, reflecting our view of increased competition, higher commodity prices, and ambitious growth targets. We maintain our FY 26 and FY 27 EPS estimates of $6.96 and $7.27, respectively. P&G posted normalized FQ3 EPS of $1.59 vs. $1.54 in the year prior and $0.03 above consensus estimates. Net sales rose to $21.2B, representing a 7% increase that included a 4%-pt tailwind from FX. Organic sales advanced 3%, driven equally by a 2% increase in volume and 1% improvement in pricing, while mix remained neutral. Profitability metrics came under pressure during the quarter as gross margin contracted by 150 bps to 49.5%. On a core basis, gross margin declined 100 bps to 50.0%, impacted by 180 bps of unfavorable mix, 100 bps of reinvestments, 50 bps of higher tariff costs, and 10 bps of unfavorable commodity costs. We remain at Sell on shares.

$PG
Wire

Deutsche Bank Lifts Procter & Gamble Price Target to $163 From $162, Maintains Buy Rating

Procter & Gamble (PG) has an average rating of overweight and mean price target of $166.23, 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: $148.92, Change: $+0.73, Percent Change: +0.50%

$PG
Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.9%.In sector news, US consumer sentiment improved from an initial April estimate, but remained at a record low as near-term inflation expectations logged the biggest monthly increase in a year, final University of Michigan survey results showed Friday. The main sentiment index fell 6.6% to 49.8 from last month. The consensus in a Bloomberg poll expected the April reading to be revised to 48.5 from the preliminary estimate of 47.6.In corporate news, Boyd Gaming (BYD) shares dropped 6% after it posted Q1 results that fell short of analysts' estimates.Procter & Gamble (PG) reported stronger-than-expected fiscal Q3 results on Friday, while the consumer goods giant reiterated its full-year outlook. Its shares rose 2.4%.Charter Communications (CHTR) reported Q1 earnings below market estimates as revenue declined annually, driven by weakness in the residential video and Internet segments. The shares slumped 26%.Stellantis (STLA) plans to direct the bulk of its future investment toward Jeep, Ram, Peugeot, and Fiat under Chief Executive Antonio Filosa's turnaround strategy, Reuters reported. The carmaker is set to unveil the long-term plan in May, focusing on strengthening its most profitable global brands while streamlining its sprawling 14-brand portfolio, the industry's largest, the report said. Stellantis shares were down 2.8%.

$BYD$CHTR$PG$STLA
Wire

Piper Sandler Adjusts Price Target on Procter & Gamble to $145 From $142, Maintains Neutral Rating

Procter & Gamble (PG) has an average rating of overweight and mean price target of $164.73, 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: $148.44, Change: $+3.82, Percent Change: +2.64%

$PG
Sectors

Sector Update: Consumer Stocks Mixed Friday Afternoon

Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.8%.In sector news, US consumer sentiment improved from an initial April estimate, but remained at a record low as near-term inflation expectations logged the biggest monthly increase in a year, final University of Michigan survey results showed Friday. The main sentiment index fell 6.6% to 49.8 from last month. The consensus in a Bloomberg poll expected the April reading to be revised to 48.5 from the preliminary estimate of 47.6.In corporate news, Procter & Gamble (PG) reported stronger-than-expected fiscal Q3 results on Friday, while the consumer goods giant reiterated its full-year outlook. Shares rose 3.2%.Charter Communications (CHTR) reported Q1 earnings below market estimates as revenue declined annually, driven by weakness in the residential video and Internet segments. Shares slumped 22%.Stellantis (STLA) plans to direct the bulk of its future investment toward Jeep, Ram, Peugeot, and Fiat under Chief Executive Antonio Filosa's turnaround strategy, Reuters reported. The carmaker is set to unveil the long-term plan in May, focusing on strengthening its most profitable global brands while streamlining its sprawling 14-brand portfolio, the industry's largest, the report said. Stellantis shares were down 3%.

$CHTR$PG$STLA
Sectors

Sector Update: Consumer

Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.7%.In corporate news, Procter & Gamble (PG) reported stronger-than-expected fiscal Q3 results on Friday, while the consumer goods giant reiterated its full-year outlook. Its shares gained 3.2%.

$PG
Wire

Top Midday Stories: Intel Shares Soar After Q1 Beat; Meta to use AWS Graviton Cores

The S&P 500 and Nasdaq Composite were up, while the Dow Jones Industrial Average was down in late-morning trading Friday, as investors are hopeful that peace talks will soon take place between the US and Iran.In company news, Intel (INTC) reported fiscal Q1 adjusted earnings late Thursday of $0.29 per diluted share, up from $0.13 a year earlier and above the FactSet consensus of $0.02. Fiscal Q1 revenue was $13.58 billion, up from $12.67 billion a year ago and above the FactSet consensus of $12.42 billion. For fiscal Q1, the company said it expects adjusted EPS of $0.20 and revenue of $13.8 billion to $14.8 billion, above the FactSet consensus of $0.10 and $13.1 billion, respectively. Intel shares were up 23.7% around midday.Meta Platforms (META) said Friday it entered into an agreement to incorporate tens of millions of Amazon (AMZN) Web Services Graviton cores into its computing network. The company said it requires increased central processing capabilities to support the development of agentic AI systems capable of reasoning and executing complex tasks. Meta shares were up 1.4%, while Amazon shares were up 2.5%.Procter & Gamble (PG) reported fiscal Q3 core earnings per diluted share Friday of $1.59, up from $1.54 a year earlier and above the FactSet consensus of $1.56. Fiscal Q3 net sales were $21.24 billion, up from $19.78 billion a year ago and above the FactSet consensus of $20.53 billion. Procter & Gamble shares were up 3.8%.HCA Healthcare (HCA) reported Q1 adjusted earnings Friday of $7.15 per diluted share, up from $6.45 a year ago and above the FactSet consensus of $7.12. First-quarter revenue was $19.11 billion, up from $18.32 billion a year ago and above the FactSet consensus of $19.09 billion. HCA shares were down 8.0%.Charter Communications (CHTR) reported Q1 earnings Friday of $9.17 per diluted share, up from $8.42 a year earlier but below the FactSet consensus of $9.96. First-quarter revenue was $13.60 billion, down from $13.74 billion a year ago and above the FactSet consensus of $13.55 billion. Charter shares were down 22%.Price: $82.55, Change: $+15.77, Percent Change: +23.61%

$AMZN$CHTR$HCA$INTC$META$PG
Research

Research Alert: P&g Beats Estimates With Growth Across Segments

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Procter & Gamble reported solid Q3 results with net sales rising 7% to $21.2B, including 3% organic growth driven equally by volume and pricing gains, marking improved momentum across all segments. However, profitability came under pressure as gross margin contracted 150 bps to 49.5% due to unfavorable mix and reinvestments, while core EPS rose 3% to $1.59. The results demonstrate P&G's strong brand portfolio and operating excellence, with valuation appearing less stretched. Management maintained FY guidance ranges but expects results toward the lower end due to increased innovation investments and ongoing cost pressures. Looking ahead, commodity costs and tariffs are expected to create a combined $0.25 per share headwind for the full year. The stock trades at 21x FY 26 consensus estimates, below its three-year average forward P/E of 23.2x, reflecting improved relative valuation amid the company's continued market resilience and cash generation strength.

$PG
Sectors

Sector Update: Consumer Stocks Mixed Pre-Bell Friday

Consumer stocks were mixed pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.5% higher.Procter & Gamble (PG) shares were up more than 3% after the company posted higher fiscal Q3 core earnings and net sales.Coursera (COUR) stock was down more than 17% after the company reported a decline in Q1 non-GAAP earnings.Nike (NKE) plans to cut 1,400 jobs in global operations, with most of the reductions coming in the technology division. Nike shares were 0.4% higher premarket.

$COUR$NKE$PG$XLP$XLY
Sectors

Sector Update: Consumer

Consumer stocks were mixed pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.5% higher.Procter & Gamble (PG) shares were up more than 2% after the company posted higher fiscal Q3 core earnings and net sales.

$PG
US Markets

Procter & Gamble Fiscal Third-Quarter Results Top Street Views; Maintains Full-Year Outlook

Procter & Gamble (PG) reported stronger-than-expected fiscal third-quarter results on Friday, while the consumer goods giant reiterated its full-year outlook.The maker of Crest toothpaste and Pampers diapers posted adjusted earnings of $1.59 a share for the quarter ended March, up from $1.54 the year before, topping the FactSet-polled consensus for $1.56. Sales rose 7% to $21.24 billion, ahead of the Street's view for $20.53 billion.The stock increased 3% in the most recent premarket activity."We delivered a solid acceleration in top-line results in our fiscal third quarter, with broad-based growth across product categories and regions," Chief Executive Shailesh Jejurikar said in a statement. "We're increasing investments to accelerate momentum with consumers despite the challenging geopolitical and economic environment, while still maintaining our guidance ranges for the fiscal year."Procter & Gamble continues to project adjusted EPS to be in a range of $6.83 to $7.09 for fiscal 2026, while the Street is looking for $6.93. It also maintained its full-year sales growth guidance of 1% to 5% and organic revenue forecast of in line to up 4% year over year.On a net basis, per-share earnings are still pegged to grow by 1% to 6% for the ongoing fiscal year.Procter & Gamble recorded overall gains of 1% in price in the third quarter, while volume advanced 2%. Foreign exchange was a tailwind of 4% to the topline. On an organic basis, which excludes foreign-exchange impact, sales were up 3% while volume inclined 2%.Sales in the fabric and homecare, grooming and healthcare segments rose 7% each on an annual basis in the quarter. The beauty segment recorded an 11% jump in revenue to $3.87 billion, while sales in the baby, feminine and family care business moved 6% higher to $5.06 billion.Core gross margin declined by 100 basis points versus the prior-year period, amid unfavorable mix, reinvestments and higher costs from tariffs, among other factors, the company said."We continue to believe the best path to sustainable, balanced growth is by strengthening execution of our integrated growth strategy," according to Jejurikar. "We are confident in the progress we're making and excited about the longer-term opportunity."

$PG
Asia Markets

Israel-Lebanon Ceasefire Extension Nudges US Equity Futures Higher Pre-Bell

US equity futures nudged higher pre-bell Friday as Israel and Lebanon extended their ceasefire by three weeks in a meeting at the White House facilitated by President Donald Trump.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were up 0.4%, and Nasdaq futures were 1.3% lower.Fighting between Israel and Iran-backed militant group Hezbollah in Lebanon has been a key discussion point in negotiations to end the conflict in the Middle East. The Strait of Hormuz remains effectively closed to vessels, while the US maintains its blockade on Iranian ports.Trump said he was not in a hurry to reach a peace agreement with Iran, saying he wanted to make it "everlasting." He had extended the US-Iran ceasefire, calling the Iranian government "fractured," but Iran's Supreme Leader Ayatollah Mojtaba Khamenei on Thursday denied Trump's claim of disunity in the country's leadership.Traders tracked the latest round of earnings, with Procter & Gamble (PG) reporting higher fiscal Q3 financial results and HCA Healthcare (HCA) posting an increase in Q1 adjusted earnings and revenue.Oil prices were mostly flat, with front-month global benchmark North Sea Brent crude up 0.3% at $105.39 per barrel and US West Texas Intermediate crude 0.1% lower at $95.73 per barrel.The final University of Michigan consumer sentiment report for April, scheduled at 10 am ET, is expected to show consumer sentiment index coming in at 48.5, compared with the preliminary reading of 47.6, according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 1% higher, Hong Kong's Hang Seng ended 0.2% 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 0.2% higher in Europe's early afternoon session.In equities, Intel (INTC) shares rose 26% after the company reported fiscal Q1 adjusted earnings and revenue, as well as issued fiscal Q2 guidance, that surpassed analyst estimates. Advanced Micro Devices (AMD) stock was 11% higher after DA Davidson upgraded the company's stock to buy from neutral and raised its price target to $375 from $220. Procter & Gamble shares were up 2.6% after the company's fiscal Q3 financial results beat analysts' consensus.On the losing side, HCA Healthcare shares dropped 7.8% after the company reported its Q1 financial results. Comcast (CMCSA) stock was down 2.7% after the company posted lower Q1 adjusted earnings from a year ago. Infosys (INFY) shares fell 2.6% despite reporting higher fiscal Q4 earnings and revenue.

Dow JonesNasdaq CompositeS&P 500$AMD$CMCSA$HCA$INFY$INTC$PG
Japan

Israel-Lebanon Ceasefire Extension Nudges US Equity Futures Higher Pre-Bell

US equity futures were higher pre-bell Friday as Israel and Lebanon extended their ceasefire by three weeks in a meeting at the White House.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 1.4% lower.Fighting between Israel and Iran-backed militant group Hezbollah in Lebanon has been a key discussion point in negotiations to end the conflict in the Middle East. The Strait of Hormuz remains effectively closed to vessels, while the US maintains its blockade on Iranian ports.Trump said he was not in a hurry to reach a peace agreement with Iran, saying he wanted to make it "everlasting." He had extended the US-Iran ceasefire, calling the Iranian government "fractured," but Iran's Supreme Leader Ayatollah Mojtaba Khamenei on Thursday denied Trump's claim of disunity in the country's leadership.Traders tracked the latest round of earnings, with Procter & Gamble (PG) reporting higher fiscal Q3 financial results and HCA Healthcare (HCA) posting an increase in Q1 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.5% at $104.57 per barrel and US West Texas Intermediate crude 1.2% lower at $94.66 per barrel.The final University of Michigan consumer sentiment report for April, scheduled at 10 am ET, is expected to show consumer sentiment index coming in at 48.5, compared with the preliminary reading of 47.6, according to estimates compiled by Bloomberg.

Dow JonesNasdaq CompositeS&P 500$HCA$PG
US Markets

Stocks Mostly Up Pre-Bell as Israel, Lebanon Agree to Extend Ceasefire

The benchmark US stock measures were mostly pointing higher before the open Friday as President Donald Trump announced an extension of the ceasefire between Israel and Lebanon.The S&P 500 edged up 0.1% and the Nasdaq increased 0.9%, while the Dow Jones Industrial Average declined 0.3%. The indexes finished the previous trading session lower.In a social media post on Thursday, Trump said the ceasefire between Israel and Lebanon will be extended by three weeks after representatives from the two countries met at the White House. Trump announced a 10-day ceasefire between Israel and Lebanon last week."The meeting went very well!" Trump wrote. "The United States is going to work with Lebanon in order to help it protect itself from Hezbollah."The conflict between Israel and Hezbollah in Lebanon has been a key sticking point in US-Iran peace efforts, which are showing no apparent signs of progress."Hopes for a resolution between the US and Iran are fading as peace talks stall," ING Bank said in a Thursday report. "If no progress is made, the market will become increasingly numb to the noise and headlines that have dictated price action recently."Trump on Thursday ordered the US navy to "shoot and kill any boat" placing mines in the Strait of Hormuz. Separately, the US leader claimed that the US has "total control" over the key oil supply chokepoint.Trump extended a ceasefire with Iran earlier in the week, though he said the naval blockade of Iranian ports would continue. Iran's Islamic Revolutionary Guard Corps on Wednesday reportedly seized two tankers attempting to cross the Strait of Hormuz.West Texas Intermediate crude oil rose 1.3% to $97.08 a barrel before the opening bell, while Brent gained 1.6% to $106.76.Treasury yields were trending upwards in premarket action, with the two-year rate increasing 1.5 basis points to 3.84% and the 10-year rate adding 0.8 basis points to 4.33%.Shares of Intel (INTC) jumped 27% pre-bell after the chipmaker reported first-quarter results above Wall Street's estimates. Advanced Micro Devices (AMD) climbed 11% while Lucid (LCID) rebounded 0.4% following a 9.3% drop at the close of Thursday.Procter & Gamble (PG), HCA Healthcare (HCA), SLB (SLB) and Charter Communications (CHTR) report their latest financial results before the bell, among others.Friday's economic calendar has the final University of Michigan consumer sentiment report for April at 10 am ET, followed by the weekly Baker Hughes oil-and-gas rig count at 1 pm.Gold declined 0.6% to $4,695 per troy ounce, while bitcoin was slightly up at $77,789.

Dow JonesNasdaq CompositeS&P 500$AMD$CHTR$HCA$INTC$LCID$PG$SLB
Wire

Procter & Gamble Likely to Deliver In-Line Fiscal Q3 Organic Sales Growth, RBC Says

Procter & Gamble (PG) is likely to deliver in-line fiscal Q3 organic sales growth amid cost pressures and exposure to the Middle East conflict, RBC Capital Markets said in a Monday research report.The brokerage said it expects growth momentum in enterprise markets and China, but a deceleration in Europe due to rising competition and challenging macros. For fiscal 2027, RBC expects EPS growth of 2.7%.The Middle East exposure is an added topline headwind for Procter & Gamble, RBC said. The company is due to report fiscal Q3 results on April 24.The company is likely to "be ok" for the remainder of the fiscal year and is one of the best-positioned to manage the volatile macro environment, analysts wrote.RBC reiterated its outperform rating on the stock and price target of $167.Price: $143.07, Change: $-1.42, Percent Change: -0.98%

$PG
US Markets

Nasdaq, S&P 500 Fall From Record Highs Amid Iran War Uncertainty; Oil Jumps

The Nasdaq Composite and the S&P 500 fell from record highs, while oil prices climbed as traders tracked an apparent re-escalation in the Middle East conflict.The Nasdaq dropped 0.3% to 24,404.4 after a 13-day winning streak that propelled the index to fresh peaks. The S&P 500 declined 0.2% to 7,109.1. The Dow Jones Industrial Average was little changed at 49,442.6.Six of the 11 sectors were in the green, led by materials, while communication services saw the steepest drop.West Texas Intermediate crude oil was last up 5.6% at $88.58 per barrel, while Brent advanced 5.1% to $94.98.Iran took back control of the Strait of Hormuz on Saturday after opening the waterway to commercial vessels on Friday. The US and Iran have accused each other of violating a two-week ceasefire announced April 7.The US Navy on Sunday seized an Iranian-flagged vessel that tried to move past a naval blockade, President Donald Trump said in a Truth Social post."Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re-escalation," ING Bank said in a report.The US is sending its negotiating team to Pakistan for a second round of peace talks, and while Iran has publicly said it doesn't plan to participate, Bloomberg News reported that Iran will be sending its delegation to Islamabad.The ceasefire with Iran ends "Wednesday evening Washington time," Trump told Bloomberg News. He said it's "highly unlikely" he would extend the two-week truce.The US-Iran ceasefire may be extended by up to two weeks, though it will take much longer to hammer out a complete peace agreement, Macquarie Group said in a note on Monday.US Treasury yields were mixed, with the 10-year rate little changed at 4.26% and the two-year rate rising 1.7 basis point to 3.73%.Some 46 S&P 500 companies have so far reported their latest quarterly financial results in the current cycle, with earnings and sales up around 32% and 13% year over year, respectively, Oppenheimer Asset Management said in a report. Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to the brokerage."It's too early to draw conclusions about first-quarter results, but the quarter appears to be off to a good start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.About 94 S&P 500 companies are scheduled to release their quarterly financials this week, according the brokerage. Those include Tesla (TSLA), Intel (INTC), IBM (IBM), Texas Instruments (TXN), Philip Morris International (PM), Procter & Gamble (PG), GE Aerospace (GE), UnitedHealth Group (UNH), and RTX (RTX).In company news, QXO (QXO) has agreed to acquire insulation products company TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, the companies said Sunday. QXO shares fell 3.1%, while TopBuild surged 19%.Sila Realty Trust (SILA) agreed to be acquired and taken private by certain affiliates of Blue Owl Capital's (OWL) real estate unit in an all-cash deal worth roughly $2.4 billion. Sila Realty shares jumped 19%, while Blue Owl rose 0.4%.Gold was last down 1% at $4,832.10 per troy ounce, while silver dropped 2.5% to $79.81 per ounce.

Dow JonesNasdaq CompositeS&P 500$BLD$GE$IBM$INTC$OWL$PG$PM$QXO$RTX$SILA$TSLA$TXN$UNH
US Markets

Equities Drop Intraday, Oil Rebounds Amid US-Iran Re-Escalation Fears

US benchmark equity indexes were lower intraday, while oil prices rebounded sharply amid continued uncertainty around the Middle East conflict.The Nasdaq Composite was down 0.5% at 24,340.9 after midday Monday, while the S&P 500 fell 0.4% to 7,100.7. Both indexes closed at new record-highs in the previous session. The Dow Jones Industrial Average lost 0.2% to 49,374.1 intraday Monday.Among sectors, communication services saw the biggest drop, while energy paced the gainers.West Texas Intermediate crude oil was up 6% at $88.90 per barrel, while Brent rose 5.5% to $95.32.On Friday, oil prices plunged as Iran declared that the Strait of Hormuz was open, a key US demand. Tehran, however, took back control of the waterway Saturday. Both sides have accused each other of violating a two-week ceasefire that is due to expire soon.The US Navy on Sunday seized an Iranian-flagged vessel that tried to move past a naval blockade, President Donald Trump said in a Truth Social post."Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re-escalation," ING Bank said in a report.The US is sending negotiators to Pakistan for a second round of peace talks, but Iran said it doesn't plan to participate in those negotiations.The ceasefire with Iran ends "Wednesday evening Washington time," CNN reported, citing Trump, who said it's "highly unlikely" he would extend it if the parties are unable to reach a deal before then.US Treasury yields were higher intraday, with the 10-year rate up one basis point at 4.25% and the two-year rate rising 2.1 basis point to 3.72%.In company news, QXO (QXO) has agreed to acquire insulation products company TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, the companies said Sunday. QXO shares were down 5.8% intraday Monday, while TopBuild surged 18%.Sila Realty Trust (SILA) agreed to be acquired and taken private by certain affiliates of Blue Owl Capital's (OWL) real estate unit in an all-cash deal worth roughly $2.4 billion. Sila Realty shares jumped 19%, while Blue Owl rose 0.5%.Some 46 S&P 500 companies have so far reported their latest quarterly financial results in the current cycle, with earnings and sales up around 32% and 13% year over year, respectively, Oppenheimer Asset Management said in a report. Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to the brokerage."It's too early to draw conclusions about first-quarter results, but the quarter appears to be off to a good start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.About 94 S&P 500 companies are scheduled to release their quarterly financials this week, according the brokerage. Those include Tesla (TSLA), Intel (INTC), IBM (IBM), Texas Instruments (TXN), Philip Morris International (PM), Procter & Gamble (PG), GE Aerospace (GE), UnitedHealth Group (UNH), and RTX (RTX).Gold was down 1% at $4,829.40 per troy ounce, while silver dropped 2.1% to $80.16 per ounce.

Dow JonesNasdaq CompositeS&P 500$BLD$GE$IBM$INTC$OWL$PG$PM$QXO$RTX$SILA$TSLA$TXN$UNH
Wire

Jefferies Adjusts Price Target on Procter & Gamble to $175 From $179, Maintains Buy Rating

Procter & Gamble (PG) has an average rating of overweight and mean price target of $165.64, 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: $145.47, Change: $-1.47, Percent Change: -1.00%

$PG
US Markets

S&P 500 Companies' Earnings Season Off to Solid Start, Oppenheimer Says

Quarterly results of an initial batch of S&P 500 companies indicated a solid start to the reporting season, Oppenheimer Asset Management said in a report on Monday.Some 46 companies, or 9% of the large-cap index' constituents, have so far reported financial results in the current cycle, with earnings and sales up around 32% and 13% year over year, respectively, according to the report.Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to Oppenheimer."It's too early to draw conclusions about first quarter results, but the quarter appears to be off to a good start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.The brokerage highlighted "outsized" results at some companies.The technology sector led the earnings growth so far, with reports from five companies showing a 134% surge in profits year over year, followed by communication services' 84% jump, the Oppenheimer note showed. Technology was also ahead of all other sectors in terms of revenue, so far delivering growth of about 44%.Some 94 S&P 500 companies are scheduled to release their quarterly financials this week, according the brokerage. Those include Tesla (TSLA), Intel (INTC), IBM (IBM), Texas Instruments (TXN), Philip Morris International (PM), Procter & Gamble (PG), GE Aerospace (GE), UnitedHealth Group (UNH), and RTX (RTX).On Friday, the S&P 500 and the Nasdaq Composite notched new peaks after Iran announced a temporary reopening of the Strait of Hormuz, sending oil prices tumbling. Oil prices rose Monday following an apparent flare-up between the US and Iran ahead of the expiration of their ceasefire agreement this week."Our view remains that the recent positive returns of the major US equity indices continue to find support in the overall resilience of the US economy and corporate earnings reports even as some sensitivity to headline risk remains while (peace) negotiations move ahead," Stoltzfus said.The US is sending negotiators to Pakistan for a second round of peace talks, but Iran said it didn't plan to participate in those negotiations.Price: $392.47, Change: $-8.15, Percent Change: -2.03%

$GE$IBM$INTC$PG$PM$RTX$TSLA$TXN$UNH

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