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Market Chatter: Alphabet's Google Employees Urge CEO to Prevent Use of AI Technology for Military Purposes

Alphabet (GOOG, GOOGL) unit Google's 560 employees have signed an open letter to CEO Sundar Pichai, urging him to block the use of its AI technology by the US government for military operations, the Financial Times reported Monday, citing the letter.These employees want AI to benefit humanity and not to be used in autonomous weapons and mass surveillance, according to the media outlet.The letter was co-ordinated by staff at Google's AI lab DeepMind, people familiar with the matter told the Financial Times.Google did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $350.02, Change: $+7.70, Percent Change: +2.25%

$GOOG$GOOGL

Wire105d ago

Linde Keeps Quarterly Dividend at $1.60 per Share, Payable June 18 to Holders of Record June 4

$LIN

Wire105d ago

Tutor Perini Subsidiary Wins Construction Task Order From US Army Corps of Engineers

Tutor Perini (TPC) said Monday that its subsidiary, Perini Management Services, has been awarded a construction multiple-award task order contract by the US Army Corps of Engineers, Louisville District.The contract provides a shared capacity of $2 billion over 10 years for construction services supporting the Energy Resilience and Conservation Investment Program, Tutor Perini said.Under the terms, Perini Management can compete for task orders under the program, which may include construction of new electrical and water infrastructure as well as repair, replacement, and modification of existing systems at US military facilities in the US and Puerto Rico, the company said.Price: $87.61, Change: $+0.84, Percent Change: +0.97%

$TPC

Wire105d ago

Honeywell Q1 Impacted by Temporary Aerospace Disruption, Transformation Story Intact, RBC Says

Honeywell International (HON) delivered a mixed Q1 operating beat and reiterated 2026 guidance, despite navigating portfolio transformation, geopolitical disruption and supply chain headwinds, RBC Capital Markets said.Aerospace faced an acute supply chain disruption in January and February, concentrated in mechanical products within engines and power systems, which ended a 14-quarter streak of double-digit output growth but recovered sharply by March, the strongest revenue month of the quarter, according to the note Friday.Honeywell expects its short-cycle businesses to grow mid-to-high single digits in Q2. Building Automation is expected to sustain high-single-digit growth, supported by data center and healthcare demand, while Industrial Automation short-cycle should benefit from continued recovery in China and Europe.Process Automation and Technology faces near-term headwinds from Middle East disruptions but is expected to normalize in the second half of the year as higher oil prices support services and catalyst demand, according to the note.Honeywell expects Q2 adjusted earnings per share of $2.35 to $2.45, below the $2.56 consensus and RBC's $2.50 estimate, reflecting a higher tax rate and between $100 million and $150 million headwind from the Middle East conflict.RBC maintained an outperform rating on Honeywell with a price target of $268.Price: $212.12, Change: $-1.04, Percent Change: -0.49%

$HON

Wire105d ago

Market Chatter: Catalyst Pharmaceuticals Draws Interest From Italy's Angelini Pharma

Catalyst Pharmaceuticals (CPRX) is being considered as a potential acquisition by Italy's Angelini Pharma, Bloomberg reported Monday, citing people familiar with the matter.Angelini is working with advisers, and talks are at a preliminary stage with no certainty of a transaction, the sources said.The Italian drugmaker is reviewing other possible targets, while Catalyst may attract interest from other suitors, the report said.Catalyst and Angelini did not immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $30.29, Change: $+2.92, Percent Change: +10.67%

$CPRX

Wire105d ago

Eni's Q1 Results Mixed as Downstream Weakness Weighs on Earnings, RBC Says

Eni (E) reported mixed Q1 results, with earnings falling below expectations mainly due to weakness in its downstream business and higher maintenance costs, RBC said in a note emailed Monday.The analysts said the results were, however, overshadowed by a more positive guidance, leading the company to increase its share buyback program from 1.5 billion euros ($1.76 billion) to 2.8 billion euros. "We had expected companies to remain cautious amid volatile macro rather than sticking to formulaic payouts in Q1, however with Eni being the first to report, management has thrown down the gauntlet to the rest of the sector," RBC said.Looking ahead, several potential positives could support the company, including developments in Indonesia and Venezuela, which are not yet included in guidance, with potential upside in the 2030 time frame, the firm said. On the downside, there is some uncertainty around a possible share placement by the Italian government, which could weigh on sentiment, the analysts said.The analysts said they are raising 2026 earnings per share estimate by 3%, while cash flow from operations estimate is down 3%. They now assume 3.2 billion euros in buybacks, above the company's guidance, based on a higher oil price outlook.RBC maintains a sector perform rating and a price target of 28 euros on Eni.Price: $53.80, Change: $-0.31, Percent Change: -0.57%

Wire105d ago

SLB's Softer Q2 Guide is due to Incremental Impact From Middle East Disruptions, RBC Says

SLB's (SLB) softer Q2 guidance is due to incremental impact from Middle East disruptions, but markets continue to focus on the scope of higher service demand exiting the conflict, RBC Capital Markets said in a Friday research report.The brokerage anticipates 2026 free cash flow of $3.9 billion, given that SLB expects to spend $2.5 billion of capital this year, which could prompt the company to return all of its FCF to shareholders in 2026.For Q2, RBC guided for EPS of $0.53 on revenue of $8.7 billion, according to the note.The brokerage reiterated its outperform rating on the stock and price target of $61 per share.Price: $55.53, Change: $-0.63, Percent Change: -1.11%

$SLB

Wire105d ago

Kinsale Capital's Growth Outlook Continues to Slow, RBC says

Kinsale Capital Group's (KNSL) growth challenges are expected to continue with no end in sight, RBC said in a note emailed Monday.The brokerage said Kinsale continues to struggle with a competitive environment, particularly in its commercial property division, where premiums were down 28% year over year.However, RBC believes that the stability in Kinsale's profitability remains under-appreciated but expects "shares to be limited by competitive pressures on growth in the near-term."The brokerage maintained the company's sector perform rating and lowered the price target to $375 from $385.Price: $332.20, Change: $-12.88, Percent Change: -3.73%

$KNSL

Wire105d ago

Chemed' VITAS Continues to Build Momentum, RBC Says

Chemed's (CHE) VITAS unit continues to build its momentum, driving a Q1 beat and a "rare" post-Q1 guidance raise for the company, RBC Capital Markets said in a Monday note."We remain encouraged by VITAS momentum in Florida's new markets, where the company has added meaningful Medicare Cap cushion, significantly limiting cap limitation risk this year," the report said.Chemed operates VITAS, a provider of end-of-life care, and Roto-Rooter, a plumbing and drain cleaning services provider.The report said a higher mix of paid leads at Roto-Rooter continues to pressure its margins."We remain cautious on Roto-Rooter, where structural marketingcost headwinds persist and macro risk looms," the note said.RBC raised its price target to $436 from $422 while keeping its sector perform rating.Price: $420.03, Change: $-1.09, Percent Change: -0.26%

$CHE

Wire105d ago

Microsoft to Get Support From Azure, Bookings, M365 Pricing, Oppenheimer Says

Microsoft (MSFT) likely will benefit from stronger Azure growth and bookings in the second half of 2026, a Microsoft 365 price increase, tighter cost control, and recent AI management changes, Oppenheimer said in a note Monday.Azure could be a main driver, with its model pointing to about 39.9% fiscal Q3 constant currency growth, which would come in above guidance and could lift the shares, Oppenheimer said.The company reports fiscal Q3 results April 29.Microsoft 365 should remain steady, helped by deep customer use, security, integration across products, and the recent price increase, the investment firm said, adding that it also expects bookings to improve later in calendar 2026 as more data center capacity comes online and supports more AI-related demand.Risks include management concerns about whether AI can generate good returns could restrain capital investments aimed at faster growth, data center limits that could slow growth, and if M365 customers might look to build agents outside the Microsoft platform, Oppenheimer analysts noted.Oppenheimer reiterated its outperform rating and $515 price target. Fiscal Q3 earnings look favorable with the Azure business showing upside and the company seeing and low expectations after the stock's 13% year-to-date decline and disappointing Q1 earnings, it said.Price: $422.56, Change: $-2.04, Percent Change: -0.48%

$MSFT

Wire105d ago

CG Oncology Pivot-006 Data in Early June Seen as 'Complex' Catalyst, RBC Says

CG Oncology's (CGON) Pivot-006 study, currently evaluating Cretostimogene Grenadenorepvec in intermediate-risk non-muscle invasive bladder cancer, is a "complex" catalyst, RBC Capital Markets said in a Monday note.The firm said complexity stems from limited historical data to anchor readout expectations, combined with a recent run-up in shares and a more challenging tactical setup ahead of the catalyst.RBC expects data from the trial in early June and models Cretostimogene delivering a nearly 40% risk reduction, which it estimates would drive about 20% upside in the stock. The firm also highlights a greater than $1.2 billion US opportunity in intermediate-risk disease, adding to the drug's established profile in high-risk non-muscle invasive bladder cancer.Other key catalysts include additional clinical readouts across its bladder cancer program and a potential BLA filing in H2, RBC said.The firm has an outperform, speculative risk rating on the stock and raised its price target to $79 from $73.Price: $68.66, Change: $-0.02, Percent Change: -0.03%

$CGON

Wire105d ago

Dow's 2026 Earnings Outlook Strengthens on Plastics Margins, RBC Says

Dow (DOW) is positioned to generate more than $6 billion in EBITDA in 2026, helped by stronger polyethylene margins, lower maintenance spending in H2, and additional cost savings, RBC Capital Markets said Friday in a report.The company expects supply-chain conditions to take about three quarters to normalize, though Dow remains on track to meet or exceed its Q2 guidance despite disruptions tied to the Middle East conflict, the report said.RBC forecasts Q2 EBITDA of $2 billion, up from its prior $1.41 billion estimate. It also raised its EBITDA targets to $6 billion from $4.7 billion in 2026 and to $6.5 billion from $5.3 billion in 2027.RBC boosted its price target on Dow stock to $51 from $47 and reiterated its outperform rating.Price: $38.18, Change: $-0.48, Percent Change: -1.24%

$DOW

Wire105d ago

TD Cowen Adjusts Price Target on NextEra Energy to $101 From $99, Maintains Buy Rating

NextEra Energy (NEE) has an average rating of overweight and mean price target of $99.10, 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)Price: $95.02, Change: $-0.26, Percent Change: -0.27%

$NEE

Wire105d ago

Piper Sandler Adjusts Domino's Pizza Price Target to $359 From $421, Maintains Neutral Rating

Domino's Pizza (DPZ) has an average rating of overweight and mean price target of $459.09, 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)Price: $333.01, Change: $-35.17, Percent Change: -9.55%

$DPZ

Wire105d ago

EQT's Q1 Free Cash Flow Shows Impact of Vertically Integrated Model, Commercial Capabilities, RBC Says

EQT's (EQT) Q1 free cash flow of $1.8 billion showcases the impact of its vertically integrated model and commercial capabilities, RBC Capital Markets said in a research note.Q1 FCF allowed EQT to make progress on its debt reduction, retiring more than $1.7 billion of senior notes in the quarter, RBC said on Sunday. The company's total debt and net debt is now at $6 billion and $5.7 billion, respectively, with the $5 billion long term debt target reachable by 2026 in a $2.75/Mcf price environment, according to RBC."We think it is possible for EQT to double production over the next decade, and management is progressively working on driving in-basin demand opportunities," RBC said.RBC maintained its sector perform rating on EQT with a $69 price target.Price: $59.07, Change: $+0.16, Percent Change: +0.27%

$EQT

Wire105d ago

Valvoline Likely to Top Q2 Estimates on Solid Same-Store Sales, Pricing Actions, RBC says

Valvoline (VVV) is expected to deliver fiscal Q2 results ahead of Wall Street estimates, supported by solid same-store sales growth and pricing actions that should offset rising input costs, RBC Capital Markets said in a report Monday.The firm expects fiscal Q2 same-store sales growth of 5.7% and adjusted earnings before interest, taxes, depreciation, and amortization of $126 million, both above consensus, citing strong demand and pricing momentum that should offset "base oil inflation," which it views as "overdone," according to the report.Looking ahead, the company is seen as well positioned to manage inflationary pressures, with pricing expected to largely offset higher base oil costs. The firm said current guidance could prove conservative, leaving room for a potential "beat and raise" outcome that may support a positive market reaction.Over the medium term, the company is expected to benefit from stronger growth and higher margins following the sale of its global products division, with mid-teens sales growth seen as "achievable" alongside continued unit expansion, the report said.RBC has an outperform rating on Valvoline with a price target of $46.Price: $33.22, Change: $-0.01, Percent Change: -0.05%

$VVV

Wire105d ago

Microsoft's Amended Agreement With OpenAI a 'Net Positive,' Wedbush Says

Microsoft's (MSFT) amended agreement with OpenAI is a "net positive" as the company locks in a six-year intellectual property control over OpenAI's technology and maintains a significant share of OpenAI, Wedbush Securities said in a note Monday.The agreement represents an important moment for Microsoft as it looks to develop tech independence from OpenAI, while building its Copilot assistant and leveraging AI models from Anthropic in its 365 tools, the brokerage said.Under the new deal, Microsoft will continue to hold a license to OpenAI technology through 2032, although the license is no longer exclusive, according to the note. Microsoft will no longer pay a revenue share to OpenAI while revenue share payments from OpenAI to Microsoft will continue through 2030 at the same percentage, subject to a total cap, Wedbush said.The amended agreement also puts OpenAI on a "strong path forward" amid its upcoming initial public offering, giving it a clearer opportunity in the cloud environment while reducing barriers from its original partnership with Microsoft, the brokerage said.Wedbush maintained its outperform rating on Microsoft with a $575 price target.Price: $422.15, Change: $-2.45, Percent Change: -0.58%

$MSFT

Wire105d ago

Market Chatter: American Airlines Selling Bonds Worth $1.14 Billion for 32 Planes

American Airlines Group (AAL) is selling $1.14 billion of bonds financing a group of planes, Bloomberg reported Monday, citing a person familiar with the matter.The securities are known as enhanced equipment trust certificates, collateralized by 32 new and existing planes of the company, according to the report.It is offering notes in two parts, with an average life of 7.7 years for the longer portion, the report said. Initial discussions suggest the longer-dated notes, a $905.04 million offering, could yield somewhere around 5.625%, Bloomberg said.American Airlines did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $11.85, Change: $-0.25, Percent Change: -2.11%

$AAL

Wire105d ago

Roku Poised to Exceed 2026 Outlook for Revenue Growth, Wedbush Says

Roku (ROKU) is poised to exceed its 2026 guidance for high-teens revenue growth, increasing earnings before interest, taxes, depreciation and amortization margin, and rising free cash flow, leading to $1 billion in FCF by 2028, Wedbush said in a note MondayRoku's accelerating monetization with an underappreciated runway, improving profitability, and a favorable tax position places it on Wedbush's best ideas list, the brokerage added.Roku is scheduled to release its Q1 financial results after the stock market closes on Thursday.Wedbush said it expects Roku's Q1 revenue to be $1.205 billion, compared with consensus of $1.204 billion and guidance of $1.2 billion. The brokerage modeled Platform revenue growth of 22% year-over-year to about $1.08 billion, ad revenue to grow 19% to $577 million, subscription revenue to rise 25% to $499 million, and Devices revenue to decline 7% to $130 million.2026 revenue guidance of $5.5 billion and adjusted EBITDA of $635 million has upside potential from a strong political cycle this year, the brokerage said.Wedbush believes Roku is best positioned among streamers, even as ad budgets get tighter amid global conflicts and rising gas prices, as it can meet advertisers across the demand curve.Wedbush maintained an outperform rating on Roku with a price target of $140.Price: $113.37, Change: $-1.86, Percent Change: -1.61%

$ROKU

Wire105d ago

Graco's New Segments, Cash Position Bolster Growth Prospects, RBC Says

Graco's (GGG) new segment structure and strong balance sheet give the company more room to invest and return cash to shareholders, supporting a steadier long-term growth profile, RBC Capital Markets said Sunday in a report.At its May 5 investor day, the company is expected to offer more detail on its high-mix, low-volume manufacturing approach, which helps it deliver some of the best margins in the sector despite a cyclical product lineup of spray-finishing systems and pumps, the report said.Multiyear growth opportunities include large US industrial and infrastructure projects and rising demand tied to electrification, the report said. Graco is expected to reiterate its long-term targets of 5% to 7% organic revenue growth and 12% annual earnings growth, RBC said.A net cash position of $685 million gives the company flexibility for buybacks and acquisitions, though a weak housing market remains a near-term headwind, the report said.RBC has an outperform rating on Graco stock with a $95 price target.Price: $80.87, Change: $-0.71, Percent Change: -0.87%

$GGG

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