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Wire

AT&T Expands Partnership With Palo Alto Networks to Secure Enterprise Networks

AT&T (T) and Palo Alto Networks (PANW) said Wednesday they expanded their partnership to launch new offerings designed to help enterprises secure distributed environments.The companies said they launched AT&T Dynamic Defense with Palo Alto Networks and AT&T SASE with Palo Alto Networks to integrate connectivity and security for enhanced network-level protection through AI-driven network visibility and threat prevention.The offerings are now available as part of AT&T and Palo Alto's integrated security portfolio, according to a statement.Price: $24.47, Change: $-0.20, Percent Change: -0.79%

$PANW$T
Verizon Lifts Earnings Outlook; Charter Communications Reports Broadband Customer Drop
US Markets

Verizon Lifts Earnings Outlook; Charter Communications Reports Broadband Customer Drop

Verizon Communications (VZ) raised its full-year earnings outlook on Friday amid phone subscriber gains in the second quarter, while Charter Communications (CHTR) reported a decline in broadband customers due to competitive pressures.Verizon now forecasts adjusted per-share earnings of $4.99 to $5.04 for 2026, above the FactSet-polled consensus of $4.98. It previously set a guidance range of $4.95 to $4.99.Verizon's adjusted EPS for the June quarter rose to $1.30 per from $1.22 a year earlier, topping the consensus of $1.28. Operating revenue fell 0.7% to $34.25 billion, missing the Street's $35.16 billion estimate, as equipment revenue plunged nearly 20%.The company added 184,000 retail postpaid phone subscribers during the quarter, compared with the consensus estimate of 106,000 net additions. Verizon lost 9,000 subscribers in the prior-year period. Its consumer postpaid phone net adds were the best in the last five years, Verizon said.Shares of Verizon were up 3% in Friday trade, taking year-to-date gains to nearly 11%.Verizon continues to expect this year's postpaid phone net adds in the upper half of its guidance range of 750,000 to 1 million, which it said would be about two to three times last year's additions. Analysts expect subscribers to grow by 967,100 in 2026.Earlier this week, AT&T (T) reported second-quarter earnings that beat Wall Street's estimates as stronger-than-expected growth in wireless subscribers boosted revenue. T-Mobile US (TMUS) second-quarter earnings unexpectedly increased year over year, though revenue fell short of market estimates as postpaid net account additions declined annually.Separately, Charter said its residential Internet customers dropped by a net 166,000, more than the Street's view for a loss of 123,00 subscribers."We've been facing top of the funnel softness," Charter Chief Financial Officer Jessica Fischer said on an earnings call, according to a FactSet transcript. "We continue to see expanded fixed wireless competition versus a year ago, including lower sales from low-income consumers, ongoing mobile substitution and fiber overlap growth at a rate similar to prior quarters, with aggressive promotions by certain competitors."Residential and small business video customers declined by a combined 21,000, including 11,000 in the residential segment. The company added 406,000 total mobile lines, compared with 491,000 additions during the second quarter of 2025.Charter's June-quarter revenue fell 1.7% annually to $13.53 billion, while analysts expected $13.51 billion. EPS rose to $10.66 from $9.18 a year earlier.Shares of Charter declined 4.1% intraday. The stock has slid 42% so far this year.Price: $45.14, Change: $+1.32, Percent Change: +3.01%

$CHTR$T$TMUS$VZ
Wire

AT&T 'Strong' Wireless Execution Keeps Thesis Intact, RBC Says

AT&T (T) delivered strong, cost-efficient wireless subscriber growth in Q2, reinforcing its investment thesis, RBC Capital Markets said.The brokerage said in a Wednesday note that the company's bundling strategy continues to gain traction. It expects the accelerated wind-down of AT&T's legacy network to drive meaningful free cash flow expansion through 2028 and beyond.RBC noted that AT&T reaffirmed its 2026 guidance for revenue, EBITDA, capital expenditures and free cash flow. The company's management also increased its share repurchase target for 2026 to $10 billion from $8 billion, saying the stock remains undervalued.The firm said it does not expect AT&T to pursue a mobile virtual network operator agreement with Starlink. The company continues to explore partnerships with Amazon (AMZN) LEO and AST SpaceMobile (ASTS) to extend coverage beyond its existing network.The investment firm raised its EBITDA and free cash flow estimates for 2026 and 2027.RBC has an outperform rating on AT&T with a price target of $27.Price: $22.90, Change: $-0.15, Percent Change: -0.63%

$T
Sectors

Sector Update: Consumer Stocks Mixed Wednesday Afternoon

Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.6%.In corporate news, Alaska Air (ALK) shares fell 4.5% after the airline issued a Q3 earnings outlook below market estimates and swung to a Q2 loss as higher fuel costs weighed on results.Philip Morris International (PM) reported better-than-expected Q2 results and reiterated its full-year outlook. The shares rose 3%.AT&T's (T) Q2 earnings beat Wall Street's estimates on stronger-than-expected growth in wireless subscribers. The stock rose 2.7%.

$ALK$PM$T
Wire

Top Midday Stories: Trump Threatens Retaliation for Attacks in Strait of Hormuz; AMD to Supply MI450 GPUs to Anthropic

The Dow Jones Industrial Average and the S&P 500 Index were up, while the Nasdaq Composite were down in late-morning trading Wednesday as the US and Iran continued to exchange attacks and threats in the Middle East.President Trump issued another warning against Iran, threatening to retaliate against every attack on ships in the Strait of Hormuz. "From this point forward, any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by Missile, Rocket, Drone, or any other device or weapon, the United States will bomb and destroy ONE BRIDGE OR POWER PLANT, including those located next to, or in, the Capital City of Tehran," Trump said in a post on Wednesday. Meanwhile, Iran-backed Houthi militants in Yemen are prepared to attack vessels transiting the Red Sea's southern access point, which is an alternative route to the Strait of Hormuz, according to a CNBC report citing the Joint Maritime Information Center.In company news, Advanced Micro Devices (AMD) and Anthropic are collaborating deploy up to 2 gigawatts of AMD Instinct MI450 Series GPUs in AMD Helios rack-scale systems, with the first deployment planned for the first half of next year, AMD said Wednesday. The companies have also launched a multi-year engineering collaboration to use Anthropic's Claude models to optimize workloads for AMD Instinct GPUs and accelerate development of AMD's ROCm software. AMD shares were up 2.1% around midday.Philip Morris International (PM) reported Q2 adjusted earnings Wednesday of $2.20 per diluted share, up from $1.91 a year earlier and above the FactSet consensus analyst estimate of $2.03. Q2 net revenue was $11.19 billion, up from $10.14 billion a year ago and above the FactSet consensus of $10.60 billion. For Q3, the company said it expects adjusted EPS of $2.20 to $2.25. Analysts expect $2.42. For full-year 2026, Philip Morris updated its adjusted EPS guidance to a range of $8.26 to $8.41, down from its previous guidance of $8.36 to $8.51. Analysts expect $8.36. The company's total shipment volume for the quarter increased by 2.5% to 205.2 billion units, buoyed by growth of 7.5% in smoke-free products. Shipment volume for cigarettes was up 1.1%, while electronic vapor jumped 55%. Heated tobacco unit shipment volume climbed 7.6% to 41.8 billion units. "With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on our full-year targets while investing for future growth," Chief Executive Jacek Olczak said. Philip Morris shares were up 2.7%.GE Vernova (GEV) reported Q2 earnings Wednesday of $2.47 per diluted share, up from $1.86 a year earlier and below the FactSet consensus analyst estimate of $3.18. Q2 total revenue was $11.10 billion, up from $9.11 billion a year ago and above the FactSet consensus of $10.80 billion. For 2026, the company increased its 2026 revenue guidance to a range of $45.5 billion to $46.5 billion, up from the previous outlook of $44.5 billion to $45.5 billion. Analysts expect $45.43 billion. GE Vernova shares were down 6.6%.Rocket Lab (RKLB) was awarded a $266 million firm-fixed-price completion contract for suborbital launch vehicles, the US Department of Defense said late Tuesday. Work for the Air Force project is expected to be completed by Dec. 31, 2028. Rocket Lab shares were up 5%.AT&T (T) reported Q2 adjusted earnings Wednesday of $0.65 per diluted share, up from $0.54 a year earlier and above the FactSet consensus analyst estimate of $0.59. Q2 operating revenue was $31.56 billion, up from $30.85 billion a year ago and below the FactSet consensus of $31.80 billion. For full-year 2026, the company said it continues to expect adjusted EPS of $2.25 to $2.35. Analysts polled by FactSet are looking for $2.32. The company said it "delivered a record quarter for combined fiber and fixed wireless net adds and its strongest consumer postpaid wireless account growth in more than three years." AT&T added 432,000 net postpaid phone subscribers in the quarter, higher than the consensus on FactSet for 338,500 additions. Further, revenue in the advanced connectivity segment rose 4.1% to $28.62 billion, driven by a gain of 5.1% in services, while wireless service revenue grew 3.3%, buoyed by retail subscribers in underpenetrated categories and converged accounts, as well as pricing actions. AT&T shares were up 3.2%.Repligen (RGEN) has agreed to acquire BioLife Solutions (BLFS) in a deal valued at $1.5 billion, the companies said Wednesday. BioLife shareholders will receive $11.25 per share in cash and 0.1442 Repligen shares, valuing BioLife at $31 per share, or about $1.5 billion, representing a 24% premium to its 90-day volume-weighted average share price, under the agreement. Repligen said the deal is expected to be accretive to revenue growth, adjusted margins and adjusted earnings per share, with at least $20 million in cost synergies in the first year. The transaction is expected to close in Q4. Repligen shares were up 3.5%, while BioLife shares were up 7.5%.Price: $555.06, Change: $+10.63, Percent Change: +1.95%

$AMD$BLFS$GEV$PM$RGEN$RKLB$T
AT&T Second-Quarter Earnings Top Views Amid Strength in Wireless Subscriber Addition
US Markets

AT&T Second-Quarter Earnings Top Views Amid Strength in Wireless Subscriber Addition

AT&T's (T) second-quarter earnings beat Wall Street's estimates Wednesday as stronger-than-expected growth in wireless subscribers pushed annual revenue higher year-on-year.The telecommunications giant reported adjusted earnings of $0.65 a share for the June quarter, up from $0.54 the year before, topping the FactSet-polled consensus of $0.59. Operating revenue improved 2.3% to $31.56 billion, but missed the Street's view for $31.8 billion.The stock gained 5.7% in the most recent premarket activity.AT&T added 432,000 net postpaid phone subscribers in the quarter, higher than the consensus on FactSet for 338,500 additions. The company added 401,000 net subscribers a year earlier and 294,000 in the first quarter.The company "delivered a record quarter for combined fiber and fixed wireless net adds and its strongest consumer postpaid wireless account growth in more than three years," it said in a statement.Revenue in the advanced connectivity segment rose 4.1% to $28.62 billion in the second quarter, driven by a gain of 5.1% in services, according to the company. Wireless service revenue grew 3.3%, buoyed by retail subscribers in underpenetrated categories and converged accounts, as well as pricing actions, the firm said.AT&T continues to anticipate adjusted EPS of $2.25 to $2.35 in 2026. The Street is looking for non-GAAP EPS of $2.32.

$T
Asia Markets

Update: US Equity Futures Drop Pre-Bell as Oil Prices Jump Amid Lack of Progress in US-Iran Talks

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were lower pre-bell Wednesday as oil prices rose following US Secretary of State Marco Rubio's statement that Iran was not taking negotiations seriously.Dow Jones Industrial Average futures were 0.2% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 1% lower.US Central Command said in a post on X that it completed the 11th straight day of attacks against Iran, stating that the Strait of Hormuz "remains open for commercial vessel transit.""The problem we're having right now is that they're not serious about talks. If they're serious, we're serious. If they're not, then we will do what's necessary to protect our interests, and also the interests of our allies," Rubio said during the ASEAN Foreign Ministers' meeting in the Philippines, according to multiple media reports.Traders also took note of the latest round of earnings, with Philip Morris International (PM) reporting higher Q2 adjusted earnings and net revenue.Alphabet (GOOG, GOOGL) is expected to report its Q2 earnings after the market closes. Analysts polled by FactSet expect earnings of $2.88 per share on revenue of $117.06 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.1% at $93.84 per barrel and US West Texas Intermediate crude 2.8% higher at $86.70 per barrel.The Atlanta Fed Business Inflation Expectations survey for July is expected at 10 am ET.In other world markets, Japan's Nikkei closed 0.2% lower, Hong Kong's Hang Seng ended 1% lower, and China's Shanghai Composite finished 0.1% higher. Meanwhile, the UK's FTSE 100 was up 1.5%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.In equities, Super Micro Computer (SMCI) stock was up 14% after the company said it expects fiscal Q4 gross margins of 15% to 17%, significantly above its 8.2% to 8.4% forecast due to a favorable customer and product mix. AT&T (T) shares rose 4.2% after the company reported better-than-expected Q2 adjusted earnings. Energy-related stocks rose along with oil prices, including Exxon Mobil (XOM), which was up 1%, and Chevron (CVX), which was 1% higher.On the losing side, Philip Morris shares were down 1.9% after the company issued lower-than-expected guidance for Q3. SK hynix (SKHY) stock was down 7.1% after a Korea JoongAng Daily report on Tuesday that the company is considering acquiring Intel's (INTC) semiconductor campus in New Albany, Ohio, which the South Korean chipmaker denied in a Korea Exchange filing. GE Vernova (GEV) shares fell 5.1% after the company posted a Q2 earnings miss.

Dow JonesNasdaq CompositeS&P 500$CVX$GEV$GOOG$GOOGL$INTC$PM$SKHY$SMCI$T$XOM
Stocks Fall Pre-Bell Ahead of Alphabet, Tesla Earnings
US Markets

Stocks Fall Pre-Bell Ahead of Alphabet, Tesla Earnings

The main US stock measures were pointing lower in Wednesday's premarket activity as investors await the latest financial results of technology giants Alphabet (GOOG, GOOGL) and Tesla (TSLA) and monitor the ongoing Middle East conflict.The S&P 500 declined 0.3%, the Dow Jones Industrial Average edged down 0.1% and the Nasdaq was off 0.7% before the opening bell. The indexes ended Tuesday trading higher following a three-day slump.Google parent Alphabet and electric vehicle manufacturer Tesla are scheduled to report their quarterly earnings after the markets close, along with Texas Instruments (TXN), IBM (IBM), ServiceNow (NOW) and CSX (CSX).Philip Morris International (PM), GE Vernova (GE), AT&T (T), Northern Trust (NTRS) and RPM International (RPM) are expected to post their results before the bell, among others.West Texas Intermediate crude oil gained 4.2% to $87.91 a barrel in premarket action, while Brent increased 4.1% to $94.76.The US Central Command said Tuesday its forces completed another round of strikes against Iran as part of attempts to degrade its ability to threaten commercial ships in the Strait of Hormuz.At the ASEAN foreign ministers' meeting in the Philippines on Wednesday, US Secretary of State Marco Rubio accused Iran of not being serious about peace talks with the US, CNBC reported.Rubio reportedly said a key sticking point in talks with Iran was Tehran's demand for the right to control traffic through the Strait of Hormuz, arguing that allowing any country to control an international waterway would set a dangerous precedent.Treasury yields were mixed before the open, with the two-year rate down 0.1 basis points to 4.26% while the 10-year rate inclined 0.2 basis points to 4.63%.In a social media post on Tuesday, President Donald Trump said the import of all generic drugs into the US will be subject to zero tariffs for a two-year period, effective Aug. 1. Tariffs on the drugs would then rise to 100% for one year before increasing to 200% thereafter, according to Trump."This is done in order to reshore generic pharmaceutical production into America, with a penalty to those companies that decide not to build plant and equipment within the stated period of time given to them," Trump said.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the weekly EIA domestic petroleum inventories report at 10:30 am.Shares of Super Micro Computer (SMCI) jumped 17% before the bell after the company said it received more than $60 billion in new orders during its fiscal fourth quarter and raised its gross margin outlook. Dell Technologies gained 4.6% after closing the previous session up 6%.Alaska Air (ALK) decreased 1.3% as the airline issued a downbeat third-quarter earnings outlook and swung to a second-quarter loss. Rocket Lab (RKLB) advanced 4.5%.Gold traded up 1.2% at $4,124 per troy ounce, while bitcoin was down 0.7% at $65,922.

Dow JonesNasdaq CompositeS&P 500$ALK$CSX$DELL$GE$GOOG$GOOGL$IBM$NOW$NTRS$PM$RKLB$RPM$SMCI$T$TSLA$TXN
Update: Wall Street Falls as Traders Await Earnings, Track Middle East Developments
US Markets

Update: Wall Street Falls as Traders Await Earnings, Track Middle East Developments

(Updates with market moves at the end of the day.)Stocks on Wall Street ended Monday's choppy trade lower as markets awaited more earnings releases this week and kept an eye on developments in the Middle East.The Dow Jones Industrial Average fell 0.6% to 51,839.26, while the S&P 500 declined 0.2% to settle at 7,443.28. The Nasdaq Composite dipped 0.1% to 25,508.07. Most sectors were in the red, led by healthcare, while communication services saw the biggest gain.This week, 86 S&P 500 companies are scheduled to release their latest quarterly financial results, Oppenheimer Asset Management said in a note. Google parent Alphabet (GOOG, GOOGL) and electric vehicle maker Tesla (TSLA) -- which are two of the so-called Magnificent 7 stocks -- are slated to report Wednesday.Intel, Philip Morris International (PM), American Express (AXP), T-Mobile US (TMUS), IBM (IBM), AT&T (T) and Verizon Communications (VZ) are among other major names expected to report this week."The reporting calendar is shifting beyond the first wave of money-center banks toward large tech, industrial and consumer names," Tigress Financial said in a note Monday. "The narrative will increasingly focus on whether (artificial intelligence) platforms, cloud providers and key cyclicals can match the strong bank prints without sparking renewed worries about margins or demand."West Texas Intermediate crude oil was up 0.6% at $82.97 a barrel in Monday late-afternoon trade, while Brent rose 0.9% to $88.88.On Sunday, the US Central Command said it completed the ninth consecutive evening of strikes against Iran. The US confirmed the passing of at least three service members during recent fighting with Iran.President Donald Trump said Monday that "every time Iran kills an American soldier they will pay for that killing many times over."Iran could resume negotiations with the US based on national interests, CNBC reported, citing Tehran's foreign ministry spokesman Esmail Baghaei. US intermediaries had continued to exchange messages with Iran, Baghaei reportedly said."If this escalation goes unchecked, we could return to an environment of wide-scale attacks across the Persian Gulf," ING Bank said in a report Monday. "Vessel flows (in the Strait of Hormuz) have essentially ground to a halt."US Treasury yields were higher, with the 10-year rate up 5.5 basis points at 4.6% and the two-year rate rising 3.9 basis points to 4.21%.In company news, Magnolia Oil & Gas (MGY) agreed to acquire privately held WildFire Energy in a roughly $4.06 billion deal, including debt, that will give it a dominant position in the Giddings field in South Texas. Magnolia Oil shares slumped 6.4%.Gold edged down 0.2% to $4,010.30 per troy ounce, while silver advanced 0.5% to $56.62 per ounce.

Dow JonesNasdaq CompositeS&P 500$AXP$GOOG$GOOGL$IBM$MGY$PM$T$TMUS$TSLA$VZ
Equities Mostly Rise Intraday as Chip Stocks Advance
US Markets

Equities Mostly Rise Intraday as Chip Stocks Advance

US benchmark equity indexes were mostly higher intraday Monday as key chipmakers advanced, while traders awaited earnings of some major companies due later in the week.The Nasdaq Composite was up 0.4% at 25,633.1 after midday, while the S&P 500 rose 0.2% to 7,468.7. The Dow Jones Industrial Average fell 0.4% to 51,950.7. Most sectors were in the red, led by materials and consumer staples, while energy paced the gainers.Shares of chipmaking giant Intel (INTC) rose 3.8%, while Nvidia (NVDA), Micron Technology (MU) and Advanced Micro Devices (AMD) were also pointing higher.This week, 86 S&P 500 companies are scheduled to release their latest quarterly financial results, Oppenheimer Asset Management said in a note. Google parent Alphabet (GOOG, GOOGL) and electric vehicle maker Tesla (TSLA) -- which are two of the so-called Magnificent 7 stocks -- are slated to report Wednesday.Intel, Philip Morris International (PM), American Express (AXP), T-Mobile US (TMUS), IBM (IBM), AT&T (T) and Verizon Communications (VZ) are among other major names expected to report this week."The reporting calendar is shifting beyond the first wave of money-center banks toward large tech, industrial and consumer names," Tigress Financial said in a note Monday. "The narrative will increasingly focus on whether (artificial intelligence) platforms, cloud providers and key cyclicals can match the strong bank prints without sparking renewed worries about margins or demand."West Texas Intermediate crude oil was up 0.1% at $82.58 a barrel intraday, while Brent rose 0.5% to $88.55.Iran could resume negotiations with the US based on national interests, CNBC reported, citing Tehran's foreign ministry spokesman Esmail Baghaei. US intermediaries had continued to exchange messages with Iran, Baghaei reportedly said.Amid soaring tensions with Iran, the US is looking to send additional F-16 and F-35 fighter jets from bases in Europe, as well as additional aerial refueling tankers, to the Middle East, CNN reported, citing a US official.On Sunday, the US Central Command said it completed its ninth consecutive evening of strikes against Iran. The US military also confirmed the passing of three service members in the past few days."If this escalation goes unchecked, we could return to an environment of wide-scale attacks across the Persian Gulf," ING Bank said in a report Monday. "Vessel flows (in the Strait of Hormuz) have essentially ground to a halt."US Treasury yields were higher intraday, with the 10-year rate up 6.3 basis points at 4.6% and the two-year rate rising 5.5 basis points to 4.23%.In company news, Magnolia Oil & Gas (MGY) agreed to acquire privately held WildFire Energy in a roughly $4.06 billion deal, including debt, that will give it a dominant position in the Giddings field in South Texas. Magnolia Oil shares were down 5.7% intraday.Gold edged down 0.1% to $4,015.10 per troy ounce, while silver advanced 1.4% to $57.11 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AXP$GOOG$GOOGL$IBM$INTC$MGY$MU$NVDA$PM$T$TMUS$TSLA$VZ
Early S&P 500 Results Smash Profit Growth Estimates, Oppenheimer Says
US Markets

Early S&P 500 Results Smash Profit Growth Estimates, Oppenheimer Says

Quarterly results of an initial batch of S&P 500 companies show that earnings growth so far is tracking at more than double the expected pace, according to an Oppenheimer Asset Management report released Monday.Some 47 companies, or less than 10% of the large-cap index' constituents, have reported financial results in the current cycle, with earnings and revenue up around 52% and 16% year over year, respectively, the report showed.Ahead of the reporting season, FactSet put expected earnings growth at 23.6% from a year earlier, according to Oppenheimer."The (second-quarter) earnings season got off to a solid start last week," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said, highlighting "outsized" results particularly among technology and financial companies.The technology sector so far led earnings growth among the 11 sectors, with results from five companies showing a nearly 243% surge in profits year over year, the report showed. The financial sector followed with a 38% increase.Technology also outshined in terms of revenue with a 67% jump so far, followed again by financials, which saw an increase of 18%.This week, 86 S&P 500 companies are scheduled to release their latest quarterly financials, according to Oppenheimer. Two of the so-called Magnificent 7 -- Alphabet (GOOG, GOOGL) and Tesla (TSLA) -- report after the markets close Wednesday.Also releasing their quarterly results this week are Intel (INTC), Philip Morris International (PM), RTX (RTX), T-Mobile US (TMUS), American Express (AXP), International Business Machines (IBM), AT&T (T), and NextEra Energy (NEE)."We continue to expect good results for S&P 500 earnings this reporting season as fundamentals remain in our view conducive to continued economic growth that should be supportive of revenue and earnings growth going forward," Stoltzfus said.Price: $356.94, Change: $+10.82, Percent Change: +3.13%

$AXP$GOOG$GOOGL$IBM$INTC$NEE$PM$RTX$T$TMUS$TSLA
Stocks Rise Pre-Bell as Traders Await Latest Batch of Earnings, Monitor Middle East Developments
US Markets

Stocks Rise Pre-Bell as Traders Await Latest Batch of Earnings, Monitor Middle East Developments

The benchmark US stock measures were pointing higher before the opening bell Monday as investors await earnings from several major companies this week and monitor developments in the Middle East.The S&P 500 and the Dow Jones Industrial Average rose 0.3% each in premarket activity, while the Nasdaq added 0.6%. The indexes finished Friday's trading session lower.Alphabet (GOOG, GOOGL) and electric vehicle manufacturer Tesla (TSLA) are scheduled to release their quarterly earnings after the markets close Wednesday. Intel (INTC), Philip Morris International (PM), American Express (AXP), T-Mobile US (TMUS), International Business Machines (IBM), AT&T (T) and Verizon Communications (VZ) are also expected to post their results this week.Shares of Domino's Pizza (DPZ) spiked 7.1% pre-bell as the pizza restaurant chain reported better-than-expected fiscal second-quarter revenue. Alibaba's (BABA) US-listed stock rebounded 3.4% after closing Friday down 2.1%.West Texas Intermediate crude oil edged down 0.8% to $81.87 a barrel before the open, while Brent slipped 0.1% to $88.05.Iran's foreign ministry spokesman Esmail Baghaei said that Tehran could resume negotiations with the US based on national interests, CNBC reported. Baghaei told reporters that US intermediaries had continued to exchange messages with Iran.The US Central Command said Sunday its forces completed their ninth consecutive evening of strikes against Iran. In a separate statement, CENTCOM confirmed the passing of three US service members, while a missing fourth member's remains were found in Jordan."Energy and refined fuel flows through the Strait of Hormuz continues to slow amid the escalating conflict between the US and Iran," Saxo Bank said in a Friday report. "The renewed disruption has interrupted the recent recovery in regional supply, reviving concerns about tighter global markets."Treasury yields were trending upwards in premarket action, with the two-year rate increasing 1.5 basis points to 4.19% and the 10-year rate gaining 2.1 basis points to 4.56%.Consumer sentiment this month hit its highest level since February amid easing price pressures at the pump, though renewed tensions in the Middle East could weigh on confidence going forward, according to a survey released Friday by the University of Michigan.Gold nudged up 0.2% to $4,026 per troy ounce, while bitcoin decreased 0.3% to $64,234.

Dow JonesNasdaq CompositeS&P 500$AXP$BABA$DPZ$GOOG$GOOGL$IBM$INTC$PM$T$TMUS$TSLA$VZ
Wire

AT&T Expands Build-A-Plan With Fiber, Internet Air Options

AT&T (T) is expanding its Build-A-Plan wireless offering to allow customers to add AT&T Fiber or AT&T Internet Air beginning July 7, the company said Tuesday.The updated offering lets customers customize unlimited wireless plans, add or remove services on a month-to-month basis, and bundle home internet through a single purchase process, the company said.AT&T said eligible customers can bundle Build-A-Plan with AT&T Fiber or AT&T Internet Air starting at $70 a month, expanding its combined wireless and home internet offering.Shares of AT&T were down more than 5% in Tuesday trading.Price: $20.72, Change: $-1.11, Percent Change: -5.06%

$T
Wire

LiveOne Expands Car Entertainment Platform Collaboration With AT&T

LiveOne (LVO) said Wednesday it is launching an expanded collaboration with AT&T (T) and Cisco (CSCO) to provide in-vehicle entertainment services in AT&T's Connected Car platform.The project will allow automotive original equipment manufacturers to install entertainment services using AT&T's Connected Car platform and Cisco's billing technology, and LiveOne will provide music and live audio content, the company said.LiveOne said its services will be available as a bundled entertainment option in some vehicles equipped with AT&T Connected Car services.Financial details were not provided.Price: $6.58, Change: $-0.13, Percent Change: -1.87%

$CSCO$LVO$T
Wire

AT&T Faces Risks to Broadband, Mobile Subscriber Growth From Satellite Constellations, Oppenheimer Says

AT&T (T) faces risks to longer-term broadband and mobile subscriber growth from satellite low-earth orbit constellations, Oppenheimer analysts said in a Wednesday note.The analysts said that relative to its telecommunications peers, AT&T has the most broadband exposure, but note it is less exposed than cable service providers.Oppenheimer said that while AT&T is planning new fiber passings in over 60 million homes by 2030, penetration will likely disappoint, and the company may stop at 50 million.The analysts said they expect the company to face pressure on subscriber and average revenue per user growth over the next several years.Oppenheimer downgraded the stock's rating to perform from outperform.Price: $23.79, Change: $-0.85, Percent Change: -3.43%

$T
Research

Oppenheimer Downgrades AT&T to Perform From Outperform

AT&T (T) has an average rating of overweight and mean price target of $30.30, 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://finwires.com/en/contact)

$T
Wire

AT&T, Wiliot Expand Supply Chain Data Technology Partnership

AT&T (T) expanded its partnership with Wiliot to scale deployment and management of a sensor-based supply chain data platform across enterprise operations, Wiliot said Thursday.The updated agreement moves toward a systems integration and device certification structure to handle massive network installations, the company said.AT&T will supply the network infrastructure, cellular connectivity, and field execution while Wiliot provides the core sensing technology, Wiliot said.Both entities plan to eventually integrate the generated supply chain information directly into AT&T's commercial service offerings, it added.Price: $25.10, Change: $+0.20, Percent Change: +0.82%

$T
Wire

Street Color: AT&T Receives US Federal Communications Commission Approval to Acquire EchoStar's 50 Megahertz of Spectrum

Street Color: AT&T Receives US Federal Communications Commission Approval to Acquire EchoStar's 50 Megahertz of Spectrum

$SATS$T
Wire

Nice Remains Leading Cloud Contact Center Player With Limited Competition, Morgan Stanley Says

Nice (NICE) remains a leading player in the cloud contact center market, with limited competitors able to offer similar functionality at scale and strong conversational artificial intelligence capabilities, Morgan Stanley said in a Monday note.The company's large base of legacy on-premise workforce engagement management customers provides a durable source of growth as those customers transition to cloud offerings at higher average selling prices, the investment firm said. Morgan Stanley lowered its price target on Nice to $130 from $148 while maintaining its overweight rating.Morgan Stanley highlighted RingCentral's (RNG) leadership position in the unified communications market and cited the company's relationships with providers including Avaya, AT&T (T) and BT. Those partnerships give RingCentral access to about half of unified communications-as-a-service deals, the brokerage added.While uncertainty around RingCentral's longer-term growth profile remains, the company continues to execute on profitability expansion and improving capital returns, Morgan Stanley said. The firm raised its price target on RingCentral to $40 from $33 while maintaining its equal-weight rating.Price: $90.56, Change: $-2.17, Percent Change: -2.34%

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Research

Research Alert: Telus Results Impacted By Strong Competition Within Wireless Industry

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TELUS reported challenging Q1 2026 results with revenue declining 0.6% to $4,989M and EPS falling to $0.09 from $0.21, missing consensus estimates of $0.22. Net income plunged 52.2% due to elevated restructuring costs of $315M. TELUS Health emerged as a standout with 11.2% revenue growth to $526M, serving as a critical diversification engine amid competitive pressures in core telecommunications. Management characterized the wireless environment as "highly promotional and irrational" with aggressive pricing tactics threatening premium brand value. The company delivered $431M in LifeWorks synergies, surpassing targets, while pursuing a $7B asset monetization program expected to fund half the fiber build costs. Net debt to EBITDA improved to 3.5x from 3.9x, progressing toward the 2027 target of 3.0x. We expect continued margin pressure from the promotional environment, though TELUS Health's growth and operational efficiency initiatives provide some offset to telecom headwinds.

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