$PSN

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Exchange-Traded Funds, Equity Futures Fall Pre-Bell Monday as Investors Await Details on US Sanctions Against Iran

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.2% and the actively traded Invesco QQQ Trust (QQQ) was 0.6% higher in Monday's premarket activity as investors await details of US President Donald Trump's planned sanctions on Iran.US stock futures were also lower, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures retreating 0.5% before the start of regular trading.In premarket activity, bitcoin was up by 1.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.3% higher, Ether ETF (EETH) advanced 3.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 2.3%.The Chicago Federal Reserve Bank's monthly National Activity Index fell to a reading of negative 0.08 in July from 0.06 in June, compared with expectations for a smaller decrease to negative 0.05 in a Bloomberg survey.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.9%, the iShares US Technology ETF (IYW) was 0.5% lower, and the iShares Expanded Tech Sector ETF (IGM) was down 0.6%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined 1.3% while the iShares Semiconductor ETF (SOXX) fell 1.6%.Parsons (PSN) shares were up nearly 2% after the company said it received a $514 million contract option from the United States Department of Defense's Missile Defense Agency to provide engineering and technical support.Winners and Losers:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.5%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 0.1% higher, and the iShares US Consumer Staples ETF (IYK) was 0.4% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 1.1%%.Alibaba Group (BABA) shares were down more than 2% pre-bell a day after the company priced a placement of 710 million new shares at 112.70 Hong Kong dollars ($14.38) apiece in Hong Kong for about HK$80 billion in proceeds.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was up 0.4%, while the iShares US Healthcare ETF (IYH) fell 3%. The iShares Biotechnology ETF (IBB) gained 0.3%.GSK's (GSK) stock was down 1% despite the company announcing positive regulatory updates, including approval for Hibsago in Japan and a priority review for Jemperli in the US.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.1% lower.Aegon (AEG) shares traded up 1% in early-hours activity after the company said it has increased its H2 share buyback program by 150 million euros ($174.9 million) to 350 million euros, effective Monday.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.01%, the Vanguard Industrials Index Fund (VIS) was down 0.1%, and the iShares US Industrials ETF (IYJ) rose 2%.United Airlines (UAL) stock was up more than 1% before the opening bell after CNBC reported Sunday that the air carrier is set to return to JFK airport through a partnership with JetBlue Airways (JBLU) as early as 2027. JetBlue stock also rose 1%.EnergyThe iShares US Energy ETF (IYE) was down 1%, while the State Street Energy Select Sector SPDR ETF (XLE) was 0.3% lower.Eni (E) stock was up more than 1% before market open, extending the previous session's loss. The Financial Times reported Monday that the company is expanding its investment in nuclear fusion, targeting a commercial fusion plant in Europe by the early 2040s or sooner.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 1.7% to reach $85.55 per barrel on the New York Mercantile Exchange. Natural gas was up 1.5% at $2.82 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased 1.3%, while the United States Natural Gas Fund (UNG) was 3.4% higher.Gold futures for November were up by 0.7% at $4,716.00 an ounce on the Comex. Silver futures gained 0.4% to reach $70.05 an ounce. SPDR Gold Shares (GLD) rose 1.1%, and the iShares Silver Trust (SLV) was 0.2% lower.

Dow JonesNasdaq CompositeS&P 500$AEG$BABA$BETH$BITO$E$EEM$EETH$EXI$FAS$FAZ$GLD$GSK$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$JBLU$PMR$PSN$QQQ$RTH$SLV$SOXX$SPY$UAL$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Wire23d ago

Parsons Shares Rise After Baird Upgrade

Parsons (PSN) shares were up about 5.5% in Friday trading after Baird upgraded the stock to outperform from neutral and raised its price target to $57 from $48.Intraday trading volume stood at over 695,000 shares against a daily average of roughly 1.4 million.Price: $48.66, Change: $+2.60, Percent Change: +5.64%

$PSN

Research23d ago

Baird Upgrades Parsons to Outperform From Neutral, Adjusts Price Target to $57 From $48

Parsons (PSN) has an average rating of overweight and mean price target of $58.55, according to analysts polled by FactSet.

$PSN

Asia Markets41d ago

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Amid US-Iran Truce Hopes

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5%, and the actively traded Invesco QQQ Trust (QQQ) was 0.2% higher in Monday's premarket activity as traders hope for a US-Iran truce.US stock futures were higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.9%, and Nasdaq futures gaining 0.3% before the start of regular trading.July's manufacturing data from S&P Global will be released at 9:45 am ET.The ISM's manufacturing report and June's construction data will be released at 10 am ET.In premarket activity, bitcoin was down by 1.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% lower, Ether ETF (EETH) retreated 1.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined 0.1%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.8%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.2%, and the iShares US Consumer Staples ETF (IYK) was 0.9% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increased 1.1%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Alibaba (BABA) shares were up more than 4% pre-bell after the company said in a social media post that it launched Qwen3.8-Max, its latest large language model, and plans to release the model's open weights next week alongside Qwen3.8-27B.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 1.1%, the Vanguard Health Care Index Fund (VHT) was up 0.8%, while the iShares US Healthcare ETF (IYH) increased 0.04%. The iShares Biotechnology ETF (IBB) was 0.4% higher.AstraZeneca (AZN) stock was down more than 4% premarket, while Bristol Myers Squibb (BMY) gained 4% after Financial Times reported Sunday that the companies are in talks about a potential combination that would create a pharmaceutical company valued at nearly $400 billion.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.5%, the iShares US Technology ETF (IYW) was flat, and the iShares Expanded Tech Sector ETF (IGM) was up 0.1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 1.5% lower, while the iShares Semiconductor ETF (SOXX) fell by 2.4%.Parsons (PSN) shares were up more than 2% in premarket activity after the company said it will serve as the lead designer for the Interstate 526 Long Point Road Interchange Improvements project in South Carolina.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.8%. Direxion Daily Financial Bull 3X Shares (FAS) was up 2.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 2.3% lower.KKR (KKR) shares were up more than 1% in early hours activity after the company entered into a definitive agreement to acquire Integer (ITGR) through affiliated funds in an all-cash transaction at an enterprise value of $5.70 billion. Integer stock was 2.6% higher.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.6%, while the Vanguard Industrials Index Fund (VIS) was up 0.6% and the iShares US Industrials ETF (IYJ) was 0.4% higher.Boeing (BA) stock was up more than 1% before the opening bell after the company said it has delivered Somon Air's first 737 Max aircraft.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 1.2%.Shell (SHEL) stock was down more than 1% before market open after the company agreed to sell its European onshore renewables portfolio to TotalEnergies (TTE). TotalEnergies' shares were 0.6% lower.CommoditiesFront-month US West Texas Intermediate crude oil fell by 6.8% to $78.92 per barrel on the New York Mercantile Exchange. Natural gas was up 0.8% at $2.77 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 6.8%, while the United States Natural Gas Fund (UNG) was 0.5% higher.Gold futures for November advanced by 0.2% to $4,114.80 an ounce on the Comex. Silver futures gained by 0.7% to reach $58.18 an ounce. SPDR Gold Shares (GLD) was up by 0.1%, and the iShares Silver Trust (SLV) fell by 0.4%.

Dow JonesNasdaq CompositeS&P 500$AZN$BA$BABA$BETH$BITO$BMY$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$ITGR$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$KKR$PMR$PSN$QQQ$RTH$SHEL$SLV$SOXX$SPY$TTE$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Research41d ago

Jefferies Upgrades Parsons to Buy From Hold, Adjusts Price Target to $52 From $60

Parsons (PSN) has an average rating of overweight and mean price target of $58.55, according to analysts polled by FactSet.

$PSN

Wire46d ago

Top Midday Decliners

Parsons (PSN) shares sank 37% amid heavy trading after the company reported a Q2 adjusted loss and cut its 2026 revenue guidance on Wednesday.Intraday trading volume jumped to nearly 8.69 million from a daily average of over 1.17 million.Bandwidth (BAND) reported a decline in Q2 non-GAAP net income and lowered its full-year 2026 non-GAAP EPS guidance, taking the shine off its Q2 revenue beat.Shares sank 27%, with intraday trading volume rising to over 2.90 million from a daily average of more than 1.43 million.Lennox International (LII) reported Q2 revenue below market expectations and lowered its full-year 2026 earnings outlook, taking the shine out of its adjusted earnings beat.Shares declined 19%, with intraday trading volume at 1.21 million compared with the stock's daily average of about 419,000.Price: $39.27, Change: $-22.76, Percent Change: -36.69%

$BAND$LII$PSN

Sectors46d ago

Sector Update: Tech Stocks Lower Pre-Bell Wednesday

Technology stocks were lower pre-bell Wednesday, with the State Street Technology Select Sector SPDR ETF (XLK) retreating by 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.9% lower.United Microelectronics (UMC) shares were down more than 1% in premarket activity after falling 9% at the prior close. The company reported higher Q2 earnings and operating revenue and announced a phased expansion plan to boost semiconductor manufacturing capacity in Singapore and Taiwan.CGI (GIB) shares were 1.8% lower after the company reported lower-than-expected fiscal Q3 adjusted earnings and revenue.Parsons (PSN) shares fell more than 20% after the company reported a Q2 adjusted loss and cut its 2026 revenue guidance.

$GIB$PSN$UMC$XLK$XSD

Wire46d ago

Parsons Swings to Q2 Loss, Revenue Flat; 2026 Revenue Guidance Lowered; Shares Down Pre-Bell

Parsons (PSN) reported a Q2 adjusted loss Wednesday of $0.06 per diluted share, compared with an adjusted earnings of $0.78 a year earlier.Analysts surveyed by FactSet expected adjusted EPS of $0.76.Revenue for the quarter ended June 30 was $1.58 billion, unchanged from a year earlier.Analysts expected $1.61 billion.For 2026, revenue is now projected to be $6.2 billion to $6.5 billion, compared with the prior outlook of $6.5 billion to $6.8 billion. Analysts expect $6.65 billion.Parsons fell more than 23% in recent pre-bell activity Wednesdasy.Price: $47.41, Change: $-14.62, Percent Change: -23.57%

$PSN

Insider Trading122d ago

Parsons Insider Bought Shares Worth $500,000, According to a Recent SEC Filing

George L. Ball, Director, on May 13, 2026, executed a purchase for 10,000 shares in Parsons (PSN) for $500,000. Following the Form 4 filing with the SEC, Ball has control over a total of 355,383 common shares of the company, with 150,383 shares held directly and 205,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/275880/000119312526224189/xslF345X05/ownership.xml

$PSN

Insider Trading125d ago

Parsons Insider Bought Shares Worth $624,645, According to a Recent SEC Filing

Carey A. Smith, Director, President & CEO, on May 08, 2026, executed a purchase for 12,500 shares in Parsons (PSN) for $624,645. Following the Form 4 filing with the SEC, Smith has control over a total of 580,852 common shares of the company, with 575,376 shares held directly and 5,476 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/275880/000119312526216914/xslF345X05/ownership.xml

$PSN

Wire129d ago

Parsons Gets $34 Million Contract Option From Defense Threat Reduction Agency

Parsons (PSN) said Thursday the Defense Threat Reduction Agency exercised option year three on the Vulnerability Assessments task order under the agency's Assessments, Exercises, Modeling and Simulation Support IDIQ contract, valued at $34 million for a one-year performance period.The task order was originally awarded in 2023 and the agency has now exercised three of the four option years available under the contract.Parsons said it will continue supporting the agency's Nuclear Enterprise Mission Assurance department through vulnerability assessments, technical support projects, design review and operational support.Price: $51.56, Change: $-0.12, Percent Change: -0.23%

$PSN

Wire131d ago

Parsons Wins Position on $2 Billion US Army Energy Resilience Contract

Parsons (PSN) said Tuesday that it has received a position on a $2 billion multiple award task order contract by the US Army Corps of Engineers to deliver energy resilience and infrastructure modernization projects at military installations.The contract supports the US Department of Defense's Energy Resilience and Conservation Investment Program, or ERCIP, which has a three-year base performance period with seven additional one-year options, the company said.Under the contract, the company said it will compete for task orders to provide design-build services for ERCIP projects.Price: $49.83, Change: $-0.20, Percent Change: -0.39%

$PSN

Wire132d ago

Parsons Teams Up With Everywhere Communications for Autonomous Drone Projects

Parsons (PSN) and Everywhere Communications are launching a partnership to support autonomous drone projects under a Small Business Innovation Research initiative, Everywhere said Monday.The project was designed to support drone operations in disconnected and austere environments, the company said.Everywhere said it is deploying a transport layer using Iridium Satellite to allow drones to operate autonomously while sending sensor data back to operators.Parsons will provide TAK-as-a-Service technology to support services designed to meet the operational needs of the Department of War and Federal agencies, according to the statement.Financial details were not provided.Price: $51.80, Change: $+0.93, Percent Change: +1.83%

$PSN

Sectors146d ago

Sector Update: Tech Stocks Lean Lower Premarket Monday

Technology stocks were leaning lower premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) declining by 0.8%.Alphabet's (GOOG, GOOGL) Google is negotiating with Marvell Technology (MRVL) to develop two new processors optimized for artificial intelligence inference tasks, The Information reported, citing two people with knowledge of the discussions. Shares of Marvell Technology were up more than 5% pre-bell.Meta Platforms (META) plans to initiate its layoffs planned for this year on May 20, with more expected to come later, Reuters reported, citing people familiar with the matter. Meta Platforms shares were down 0.7% premarket.Parsons (PSN) said the Los Angeles Department of Water and Power selected the company to provide demand response technology, integration, and services. Parsons stock was 0.2% lower pre-bell.

$GOOG$GOOGL$META$MRVL$PSN$XLK$XSD

Research151d ago