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Sector Update: Financial

Financial stocks were advancing pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) slightly higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% higher.Banco Santander (SAN) shares were up more than 1% after the company posted higher Q2 earnings and revenue.

$SAN

Sectors17d ago

Sector Update: Healthcare

Healthcare stocks were edging higher premarket Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.3% and the iShares Biotechnology ETF (IBB) marginally advancing.Repligen (RGEN) has agreed to acquire BioLife Solutions (BLFS) in a deal valued at $1.5 billion, the companies said. Shares of Repligen were down more than 4% and BioLife Solutions stock was up more than 2% pre-bell.

$BLFS$RGEN

Sectors17d ago

Sector Update: Consumer

Consumer stocks were mixed pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.2% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) marginally declining.Philip Morris International (PM) shares were down more than 1% after the company issued Q3 adjusted EPS outlook below analysts' expectations and cut its 2026 adjusted EPS guidance.

$PM

Sectors17d ago

Sector Update: Tech

Technology stocks were falling premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.6% lower.Super Micro Computer (SMCI) stock was up more than 12% after the company said it expects fiscal Q4 GAAP and non-GAAP gross margins in the range of 15% to 17%, significantly above its 8.2% to 8.4% forecast due to a favorable customer and product mix

$SMCI

Sectors17d ago

Oil Climbs to Six-Week High as US-Iran Conflict, Red Sea Threats Elevate Supply Fears

Oil traded at a six-week high early Wednesday as the US continued attacks on Iran, keeping the Strait of Hormuz closed, while Yemen's Houthi militants threatened to block Saudi oil exports in the Red Sea.West Texas Intermediate crude for September delivery was last seen up $3.00, or 3.6%, at $87.34 per barrel, the highest level since June 10, while September Brent crude rose $3.41, or 3.8%, to $94.92.The gains came as the escalating conflict between the US and Iran kept the Strait of Hormuz closed. The Guardian reported that US forces launched strikes on Iran for an 11th consecutive night, targeting aircraft hangars and drone storage facilities.The conflict has blocked the Strait of Hormuz, the chokepoint for about 20% of global oil consumption supplied by Persian Gulf nations before the war began on Feb. 28. Just 14 ships transited the waterway over the past day, according to hormuzstraitmonitor.com, leaving about 400 vessels, including 120 tankers, stranded in the Gulf.Yemen's Houthi militants added to the supply worries with a threat to block the Bab el-Mandeb Strait, the southern end to the Red Sea, to restrict Saudi exports through the sea.Oil's "move reflects the ongoing US-Iran conflict, now in its 11th day, a Houthi threat to Red Sea shipping, and production shut-ins as Tropical Storm Bertha moves through the Gulf of Mexico, which pushed the Mars crude premium to around $2 a barrel over WTI, its strongest since early June", Saxo Bank noted.In its weekly survey, the American Petroleum Institute reported US oil inventories rose by 2.6-million barrels last week, while the consensus estimate expected a drop of 1.5-million barrels, according to Investing.com. The Energy Information Administration will release official storage data later on Wednesday morning.

$CLU6$LCOU6$USO

Sectors17d ago

Commerzbank Says Oil Climbs as Middle East De-Escalation Less Likely, Treasuries Keep Recent Highs, Yen Extends Losses

Brent crude climbed above $92 a barrel as the US and Iran continued exchanging fire in the Middle East and as chances of a diplomatic solution fade for now, according to Commerzbank in a note. Treasury yields are holding near their recent peak levels.President Donald Trump threatened to target an Iranian nuclear facility while dismissing the prospects for renewed negotiations as tensions in the Red Sea escalated, said Commerzbank. Secretary of State Marco Rubio said Iran is "not serious" about negotiations.Meanwhile, at least four tankers carrying Saudi crude reversed course after Houthi threats, underscoring mounting risks to regional shipping, the FT reported.The House of Representatives passed a stopgap funding bill, lowering the immediate threat of a US government shutdown, said the bank. Also in the US, President Trump plans to impose 100% tariffs on generic drug imports starting in 2028, added Commerzbank.Japan's Nikkei gained, whereas US equity futures traded slightly lower.The yen stayed under pressure above 163 per US dollar. Japan's finance minister reiterated that authorities are prepared to take "appropriate and bold action" after the currency hit a 40-year low, said Commerzbank.

$CXY$JPY

Sectors18d ago

BluEnergies Upsizes Private Placement to C$20.7 Million on Strong Demand

BluEnergies (BLU.V) increased the size of its previously announced non-brokered private placement to up to C$20.70 million from C$10.13 million, citing strong investor demand.The company said Tuesday the offering will consist of up to 9.2 million units priced at C$2.25 each, compared with the previously announced 4.5 million units at the same price.BlueEnergies aims to use the net proceeds for the exploration and advancement of the assets as well as for working capital and general corporate purposes.Shares of the company closed up C$0.17 to C$2.25 on TSX Venture Exchange on Tuesday.

$BLU.V

Sectors18d ago

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 1% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.8%.The Philadelphia Oil Service Sector Index was climbing 1.4%, and the Dow Jones US Utilities Index was fractionally higher.In geopolitical news, President Donald Trump delivered a dim view of possible talks with Iran to end the war, telling reporters Tuesday that the US has "no interest in meeting" until Iran is ready to convene "in a meaningful way," the Associated Press reported.Separately, a desalination facility and power plants caught fire and suffered serious damage in Kuwait after new Iranian strikes targeted the crucial facilities, along with areas of Bahrain and Jordan, following the 10th consecutive night of US bombing, Al Jazeera reported Tuesday.Meanwhile, the Houthi-run SABA news agency said six ships attempting to pass through the Bab el-Mandeb Strait in the southern Red Sea were forced to reroute on Tuesday after being warned by the rebels, a day after they announced a maritime embargo against Saudi Arabia, according to the Associated Press.Front-month West Texas Intermediate crude oil climbed 2% to $84.91 a barrel, and the global benchmark Brent crude contract rose 2.3% to $91.25 a barrel. Henry Hub natural gas futures increased 0.9% to $2.89 per 1 million BTU.In corporate news, Fluor (FLR) said Tuesday it secured a contract from Gulf Petrochemical Industries to carry out the front-end engineering and design for a new aromatics facility in Bahrain. Fluor shares gained 3.6%.Shell (SHEL) resumed operations at a 200,000-barrel-per-day crude oil unit at its Pernis oil refinery in the Netherlands on Monday following a brief disruption, Reuters reported. Shell shares were up 1.1%.Shell, TotalEnergies (TTE) and BP (BP) are in negotiations to supply 15 to 18 cargoes of liquefied natural gas per month to Egypt for at least three years, Reuters reported. TotalEnergies shares climbed 2.9%, and BP added 1.3%Magnolia Oil & Gas (MGY) shares were down 2%. The company said late Monday it priced its underwritten public offering of 46.3 million class A shares at $23.75 per share.

$BP$FLR$MGY$SHEL$TTE

Sectors18d ago

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.The Philadelphia Housing Index was down 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.2%.Bitcoin (BTC-USD) was adding 1.6% to $66,270, and the yield for 10-year US Treasuries rose 3 basis points to 4.628%.In economic news, Redbook US same-store sales rose 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week.The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index rose to 7.4 in July from minus 25.8 in the previous month, indicating expansion in the sector.In corporate news, Goldman Sachs (GS) has launched a new platform to expand its offerings for wealthy clients and family offices seeking direct stakes in fast-growing private companies, CNBC reported, citing a memo. The new group, called the alternative investments platform, combines Goldman's alternatives business with two new teams, the report said. Goldman shares were up 2.5%.JPMorgan Chase (JPM) and Jefferies Financial (JEF) were among four banks chosen by InMobi to raise about $1 billion as part of an IPO process due to begin later this week, Bloomberg reported. JPMorgan shares rose 1.6%, and Jefferies added 2.6%.Marsh & McLennan (MRSH) shares were up 0.2% after the firm reported higher Q2 adjusted net income and revenue.MSCI (MSCI) shares fell past 10% after it reported Q2 adjusted EPS of $4.94, up from $4.17 a year earlier, but below the FactSet consensus of $4.99.

$GS$JEF$JPM$MRSH$MSCI

Sectors18d ago

Sector Update: Healthcare Stocks Rise Late Afternoon

Healthcare stocks advanced late Tuesday afternoon with the NYSE Healthcare Index rising 0.6% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.4%.The iShares Biotechnology ETF (IBB) climbed 1.3%.In corporate news, Novo Nordisk (NVO) sued rival Eli Lilly (LLY) in the US over alleged "misleading" advertising campaigns for its obesity and diabetes drugs that compete with the Danish drugmaker's products. Novo shares fell 0.7%, and Lilly rose 1.7%.Danaher (DHR) raised its full-year profit guidance as fiscal Q2 results came in stronger than expected. The company lowered the top end of its 2026 revenue growth outlook, and the shares fell 11%.Okyo Pharma (OKYO) shares rose 5.8%. Chairman Gabriele Cerrone increased his stake in the company to 10.9 million shares, or 20.5% of the issued shares, with the purchase of 25,000 shares at $1.40 each.MapLight Therapeutics (MPLT) is seen having meaningful upside in the ML-007 Phas2 2 schizophrenia trial readout with data expected in mid-August, UBS Securities said. MapLight shares rose 4.1%.

$DHR$LLY$MPLT$NVO$OKYO

Sectors18d ago

Update: WTI Oil Rises Again as Fighting Between US and Iran Keeps Tankers Trapped in Persian Gulf

(Updates prices in the second paragraph.)West Texas Intermediate (WTI) crude oil rose on Tuesday, climbing for a third straight session as fighting between Iran and the United States continues to constrain Persian Gulf supply.WTI crude oil for August delivery closed up $1.68, or 2%, to settle at $84.91 per barrel, while September Brent was last seen up $1.70, or 1.9%, to $90.92.The rise comes as fighting continues to block shipping in the Strait of Hormuz, the chokepoint for a fifth of daily oil demand supplied by countries in the region prior to the start of the war. The UK Maritime Trade Operations agency reported an attack on a vessel moving through the strait on Monday, forcing the crew to abandon ship.The renewed fighting has pushed oil up by 13% over the past month, as buyers hunt for supply and tankers wait to move through the strait. Hormuzstraitmonitor.com reported that just 13 ships moved through in the last day, with 142 tankers still waiting to move out of the region.A fresh threat to the market came on Monday, after Yemen's Houthi militant group threatened to close the Bab al-Mandab Strait at the southern end of the Red Sea, blocking Saudi Arabia's exports through the sea, pushing prices higher.Still, a Reuters report that mediators are proposing a 10-day ceasefire to renew negotiations between Iran and the US raised hopes the two sides may reach an agreement to end fighting."The move (higher) came from the Houthi maritime blockade on Saudi Arabia, a tenth consecutive day of US strikes on Iran and a tanker strike in the Strait of Hormuz. Crude gave some of that back overnight, with Brent easing 0.7% to around USD 88.55 as reports of a possible 10-day pause in strikes circulated," Saxo Bank wrote in a note.

$CLQ6$LCOU6$USO

Sectors18d ago

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 5.2%.The Philadelphia Semiconductor index gained 4.9%.In corporate news, Apple (AAPL) is planning to launch a new program on July 28 through which customers can lease devices, including most iPhone, Mac, iPad and Apple Watch models, Bloomberg reported. Apple shares rose 0.5%.Intel (INTC) is planning to lay off workers in its data center group, Business Insider reported Tuesday, citing a company spokesperson. Separately, RBC Capital Markets said in a note Intel is expected to report a decent Q2 supported by server CPU demand and pricing momentum. Intel shares jumped past 8%.Taiwan Semiconductor Manufacturing (TSM) plans to raise prices for both advanced and mature chip manufacturing by up to 10% beginning in 2027, Nikkei Asia reported. Taiwan Semiconductor shares climbed 5.3%.Amazon.com's (AMZN) platform that serves businesses and government entities reached $60 billion in annualized sales in the second quarter, the e-commerce giant said Tuesday. That's up from more than $35 billion in global annualized sales for Amazon Business in 2023. Amazon shares were down 1%.

$AAPL$AMZN$INTC$TSM

Sectors18d ago

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.2%.Redbook US same-store sales rose by 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week. Redbook noted brisk demand for the remaining summer merchandise due to hot weather across the country.In corporate news, Hasbro (HAS) raised its full-year revenue guidance after reporting fiscal Q2 results above Wall Street's expectations. Hasbro shares jumped past 8%.America's Car-Mart (CRMT) has been exploring potential asset sales that could result in a complete wind down, either in or out of bankruptcy court protection, Bloomberg reported. Its shares were down 0.6%.Utz Brands (UTZ) shares surged 89% after Germany-based Intersnack agreed to buy the US snacks maker in a $2.9 billion take-private deal.General Motors (GM) lifted its full-year earnings outlook on Tuesday as the carmaker recorded an unexpected year-over-year increase in its Q2 revenue. GM shares climbed 5.1%.

$CRMT$GM$HAS$UTZ

Sectors18d ago

Sector Update: Energy

$MGY

Sectors18d ago

Sector Update: Financial

Financial stocks advanced in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.2%.The Philadelphia Housing Index was down 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.2%.Bitcoin (BTC-USD) was adding 1.6% to $66,270, and the yield for 10-year US Treasuries rose 3 basis points to 4.628%.In corporate news, Goldman Sachs (GS) has launched a new platform to expand its offerings for wealthy clients and family offices seeking direct stakes in fast-growing private companies, CNBC reported, citing a memo. The new group, called the alternative investments platform, combines Goldman's alternatives business with two new teams, the report said. Goldman shares were up 2.5%.

$GS

Sectors18d ago

Sector Update: Tech

$AAPL

Sectors18d ago

Sector Update: Healthcare

Healthcare stocks were higher late Tuesday afternoon, with the NYSE Healthcare Index rising 0.6% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.3%.The iShares Biotechnology ETF (IBB) climbed 1.3%.In corporate news, MapLight Therapeutics (MPLT) is seen having meaningful upside in the upcoming ML-007 Ph2 schizophrenia trial readout, with the study completed on June 4th and data expected in mid-August, UBS said in a note. MapLight shares rose 3%.

$MPLT

Sectors18d ago

Sector Update: Consumer

Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.2%.In corporate news, America's Car-Mart (CRMT) has been exploring potential asset sales that could result in a complete wind down, either in or out of bankruptcy court protection, Bloomberg reported. Its shares were down 3.8%.

$CRMT

Sectors18d ago

August WTI Crude Oil Contract Closes Up $1.68, or 2%; Settles at $84.91 per Barrel

$CLQ6$LCOU6$USO

Sectors18d ago

Sector Update: Energy Stocks Higher Tuesday Afternoon

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.6%.The Philadelphia Oil Service Sector Index was climbing 1%, and the Dow Jones US Utilities Index was down 0.2%.In geopolitical news, the Houthi-run SABA news agency said six ships attempting to pass through the Bab el-Mandeb Strait in the southern Red Sea were forced to reroute on Tuesday after being warned by the rebels, a day after they announced a maritime embargo against Saudi Arabia, according to the Associated Press.Front-month West Texas Intermediate crude oil climbed 2.2% to $85.09 a barrel, and the global benchmark Brent crude contract rose 2% to $91.04 a barrel. Henry Hub natural gas futures increased 0.1% to $2.86 per 1 million BTU.In corporate news, Shell (SHEL) resumed operations at a 200,000-barrel-per-day crude oil unit at its Pernis oil refinery in the Netherlands on Monday following a brief disruption, Reuters reported. Shell shares were up nearly 1%.Shell, TotalEnergies (TTE) and BP (BP) are in negotiations to supply 15 to 18 cargoes of liquefied natural gas per month to Egypt for at least three years, Reuters reported. TotalEnergies shares climbed 3.3%, and BP added 1%Diamondback Energy (FANG) is expected to deliver a strong Q2, with total and oil production above the midpoint of guidance and cash flow per share projected to be 2% ahead of the Street estimate, UBS Securities said in a note. Diamondback shares climbed 1.8%.

$BP$FANG$SHEL$TTE

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Sectors18d ago

Sector Update: Energy Stocks Rise Late Afternoon

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