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Inspire Medical Systems Faces Coding Overhang, Estimate Risks, BofA Says

Inspire Medical Systems (INSP) faces risks to estimates and the stock is unlikely to perform without consistent clarity on coding pathways for centers, BofA Securities said in a Friday research note.The company's guidance assumes 2027 revenue will grow but it is difficult to predict a sustainable improvement until there is an official Category 1 code for the Inspire V leadless hypoglossal nerve stimulation system.The brokerage lowered its 2027 EPS estimate to $1 from $1.15 and its revenue forecast to $854 million from $863 million earlier. The EPS estimate for 2028 was trimmed down to $1.28 from $1.35 and the revenue forecast was cut to $907 million from $917 million.The company witnessed a decline in prior authorization submissions in Q1, but sees Q2 as the trough in growth, given early signs of PA volumes stabilizing and improving as centers gain coding experience, according to the note.BofA downgraded the stock to underperform from neutral and cut its price target to $39 per share from $53.Shares of Inspire Medical were down nearly 4% in Friday trading.Price: $43.07, Change: $-1.67, Percent Change: -3.73%

$INSP

US Markets53d ago

Zoom Communications Poised for Growth Acceleration Amid AI Momentum, RBC Says

Zoom Communications (ZM) appears poised for growth acceleration following a strong first quarter, given sustained momentum in its artificial intelligence products, RBC Capital Markets said in a note sent Friday.Late Thursday, the video communication platform reported surprise earnings growth in the fiscal first quarter and stronger-than-expected revenue as clients increasingly turned to its AI Companion tool. The company raised its fiscal 2027 guidance and announced a $1 billion increase in share buyback authorization.The stock jumped 13% intraday Friday, stretching year-to-date gains to about 27%."We believe the quarter was solid, with positive signs that continued AI monetization can drive growth acceleration in (fiscal 2027)," RBC analyst Rishi Jaluria wrote.For fiscal 2027, Zoom now expects full-year adjusted EPS of $5.96 to $6 on revenue of $5.08 billion to $5.09 billion, up from the prior outlook of $5.77 to $5.81 in EPS on $5.065 billion to $5.075 billion in sales. Analysts in a FactSet poll currently look for non-GAAP EPS of $6.01 and revenue of $5.09 billion.Generative AI assistant AI Companion's paid users soared 184% year over year in the first quarter, while the My Notes offering reached 1.5 million licensed users."We were encouraged to see continued traction with AI products, accelerating ($100,000 plus) customer growth, and strength of the (contact center as a service) business," Jaluria said.The updated full-year outlook, however, implies a cut to second-half growth on a constant currency basis, said Jaluria, who views it as "appropriately cautious" amid higher customer churn in the company's online division.Jaluria said "fundamentals remain strong" in the enterprise segment, with durable margins.RBC raised its price target for Zoom to $130 from $110, while reiterating its outperform rating on the stock.Price: $109.05, Change: $+12.30, Percent Change: +12.71%

$ZM

Insider Trading53d ago

Xcf Global Insider Sold Shares Worth $2,037,000, According to a Recent SEC Filing

Randy Soule, 10% Owner, on May 15, 2026, sold 5,000,000 shares in Xcf Global (SAFX) for $2,037,000. Following the Form 4 filing with the SEC, Soule has control over a total of 72,383,239 Class A common shares of the company, with 72,383,239 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/2019793/000210419426000014/xslF345X05/primary_doc.xmlPrice: $0.45, Change: $+0.01, Percent Change: +1.80%

$SAFX

Mining & Metals53d ago

Mackay Gold & Silver Announces Listing on the OTCQB Under the Symbol "MKGSF"

Mackay Gold & Silver's (MACK.V) shares have begun trading on the OTCQB Venture Market in the United States, effective May 22, 2026, under the symbol "MKGSF", it said on Friday."Listing on the OTCQB shortly after our TSX.V debut was a priority for Mackay, reflecting our commitment to enhance the Company's visibility and accessibility for U.S. investors," said Darwin Green, Chief Executive Officer of Mackay. "With our inaugural 20,000-metre drill program set to commence mid-June at the Occidental Lode in the Comstock District, one of America's richest and historically productive mining districts, we believe this is an opportune time to broaden our market exposure through the OTCQB. Mackay is well-funded with approximately US$62 million in cash to pursue significant modern discoveries."The company's shares were last seen up C$0.01 at C$2.59 on the TSX Venture Exchange.Price: $2.59, Change: $+0.01, Percent Change: +0.39%

$MACK.V

Commodities53d ago

Market Chatter: TotalEnergies Weighs Partial Sale of 1.2 GW European Renewables Portfolio

TotalEnergies (TTE) is exploring the sale of a 50% stake in a portfolio of European renewable energy assets as the French energy major seeks partners to help finance its green expansion strategy, Bloomberg reported, citing sources familiar with the matter.The company is reportedly working with advisers on a potential transaction involving about 1.2 gigawatts of solar and wind farms across France, Germany, Poland, and Spain, with asset values of several hundred million euros.The planned sale is part of TotalEnergies' strategy to divest 50% stakes in renewable projects once they become operational to improve returns on capital-intensive green investments.While rivals including Shell (SHEL) and BP (BP) have scaled back parts of their clean-energy ambitions following weaker-than-expected returns, TotalEnergies has continued to pursue a diversification strategy under which electricity is expected to account for about 20% of its energy output by 2030.TotalEnergies 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: $90.86, Change: $-1.49, Percent Change: -1.61%

$BP$SHEL$TTE

Wire53d ago

Update: BofA Securities Cuts Price Target on Walmart to $144 From $150, Maintains Buy Rating

(Updated with BofA's commentary).BofA Securities lowered its price target on Walmart (WMT) to $144 from $150, while defending the stock on the pullback following its fiscal Q1 results.Walmart's share gains are expected to accelerate with a price-conscious consumer and drive a return to a beat/raise cycle assuming the freight environment doesn't worsen, analyst Christopher Nardone wrote in a Thursday note.There is continued strength expected in e-commerce and alternative revenue streams, and expects membership to accelerate given focus on value, improving delivery speeds, and gas saving, Nardone said.Walmart has an average rating of overweight and mean price target of $140.37, 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: $119.53, Change: $-1.82, Percent Change: -1.50%

$WMT

Wire53d ago

Market Chatter: Mastercard Asks Brazil's Payment Processors to Help Pay for Banco Master Failure

Mastercard (MA) is looking to minimize its losses from Banco Master's failure by asking some of Brazil's largest payment processors to help foot the bill, Bloomberg reported Friday, citing people familiar with the matter and documents it viewed.Mastercard was the network for the cards issued by Banco Master's fintech, Will Financeira, which collapsed and left the payment company responsible for reimbursing merchant acquirers that processed about 5 billion reais ($997 million) of cardholder payments, the report said.Mastercard has already paid back payment processors for about half of that amount, but it's now proposing that it will use any money collected from card customers to reimburse itself before passing further funds to those merchant acquirers, the report said, citing the people and the documents.Mastercard didn't 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: $500.31, Change: $+0.69, Percent Change: +0.14%

$MA

Asia Markets53d ago

Asian Equities Traded in the US as American Depositary Receipts Lower in Friday Trading

Asian equities traded in the US as American depositary receipts were lower Friday morning, declining 0.60% to 2,850.63 on the S&P Asia 50 ADR Index, which was little changed for the week so far.From North Asia, the gainers were led by semiconductor company ASE Technology (ASX) and fintech firm High Templar Tech (HTT), which rose 5.8% and 3.1% respectively. They were followed by semiconductor firm Himax Technologies (HIMX) and LG Display (LPL), which were up 2.6% and 2.3% respectively.The decliners from North Asia were led by UP Fintech (TIGR) and internet and data center services provider VNET Group (VNET), which dropped 25% and 7.4% respectively. They were followed by mobile app developer Cheetah Mobile (CMCM) and fintech firm Qfin (QFIN), which fell 7.3% and 6.5% respectively.From South Asia, the gainers were led by digital infrastructure holding firm Trident Digital Tech (TDTH) and computer hardware maker Canaan (CAN), which rose 9.9% and 3.7% respectively. They were followed by IT firms Wipro (WIT) and Sify Technologies (SIFY), which added 2.3% and 1.7% respectively.The lone decliner from South Asia was telecommunications operator Telekomunikasi Indonesia (TLK), which fell 3.8%.

$ASX$CAN$CMCM$HIMX$HTT$LPL$QFIN$SIFY$TDTH$TIGR$TLK$VNET$WIT

Oil & Energy53d ago

EU Expands Iran Sanctions Framework Over Strait of Hormuz Disruptions

The European Union expanded its Iran sanctions framework to target actions threatening navigation through the Strait of Hormuz, the Council of the European Union said Friday.The Council widened the scope of existing restrictive measures that previously focused on Tehran's military support for Russia and armed groups in the Middle East and Red Sea region.The revised sanctions framework will target individuals and entities linked to Iranian actions and policies that threaten navigation routes across the Middle East.European Union foreign ministers reached a political agreement during the Foreign Affairs Council meeting on April 21, the Council said.The Council said that Iranian actions targeting vessels passing through the Strait of Hormuz violate international law and interfere with established rights of transit and innocent passage through international waterways.The updated framework allows the European Union to impose additional sanctions in response to Iran's actions disrupting navigation through the Strait of Hormuz, the Council said.The measures include travel bans and asset freezes on listed individuals and entities, and prohibit European Union citizens and companies from providing funds or other economic resources to sanctioned parties.

Wire53d ago

AstraZeneca, Daiichi Sankyo Win US FDA Approval for Datroway to Treat Triple-Negative Breast Cancer

AstraZeneca (AZN) and Daiichi Sankyo said Friday that the US Food and Drug Administration has approved Datroway for first-line treatment of adults with unresectable or metastatic triple-negative breast cancer who are not candidates for PD-1/PD-L1 inhibitor therapy.The approval followed the FDA's priority review based on phase 3 data showing Datroway, or datopotamab deruxtecan, improved median overall survival to 23.7 months compared with 18.7 months for patients treated with chemotherapy, the companies said.Datroway also reduced the risk of disease progression or death by 43%, with median progression-free survival of 10.8 months versus 5.6 months for chemotherapy, according to the companies.The safety profile of Datroway was evaluated in 319 patients, with serious adverse reactions including pneumonia, vomiting, COVID-19 and anemia reported in more than 1% of patients, while one fatality was linked to interstitial lung disease or pneumonitis, Daiichi Sankyo said.Datroway is a TROP2-directed antibody drug conjugate discovered by Daiichi Sankyo and jointly developed and commercialized with AstraZeneca.Shares of AstraZeneca were down 1.4% in Friday trading.Price: $187.16, Change: $-2.59, Percent Change: -1.36%

$AZN

US Markets53d ago

BJ's Wholesale Club Fiscal First-Quarter Results Top Views; Maintains Full-Year Outlook

BJ's Wholesale Club (BJ) reported better-than-expected fiscal first-quarter results on Friday, while the warehouse club operator reiterated its full-year outlook.The company's adjusted earnings declined to $1.10 a share for the three months through May 2 from $1.14 the year before, but topped the FactSet-polled consensus of $1.03. Overall revenue improved 9.9% to $5.66 billion, ahead of the Street's view for $5.44 billion."Our first-quarter performance reflects disciplined execution and continued investment in the business," Chief Financial Officer Laura Felice said in a statement. "We delivered solid profitability while growing membership fee income and maintaining our focus on cost management."The sharp gains in gas prices driven by the Middle East conflict put "additional pressure on member wallets" during the quarter, Chief Executive Bob Eddy said during an earnings call, according to a FactSet transcript. "While gas margins were pressured early in the quarter as prices rose quickly, our teams executed extremely well through periods of volatility and profit dollars for the quarter came in largely in line with our plan."For fiscal 2026, BJ's continues to project adjusted EPS to be in a range of $4.40 to $4.60. Comparable club sales, excluding the impact of gasoline sales, are still pegged to grow by 2% to 3%. The average analyst estimate is for non-GAAP EPS of $4.51 and same-store sales to increase by 2.5%.Shares of the company fell 6.6% in Friday trade. The stock is down 3.5% so far this year.Earlier in the week, retail giant Walmart (WMT) issued a downbeat fiscal second-quarter earnings outlook, while Target (TGT) lifted its fiscal 2026 sales growth guidance. Off-price retailer TJX (TJX) raised its full-year outlook after posting stronger-than-expected fiscal first-quarter results.BJ's Wholesale Club's comparable club sales, excluding gasoline, increased 1.5% for the first quarter, but fell short of the market's forecast for a rise of 1.6%. General merchandise and services comparable sales climbed 7.1%, "driven primarily by strength and consumer electronics," Felice said on the call. Membership fee income grew about 10% to $132 million, the CFO added."While we expect membership fee income growth to moderate as we move through the year, the underlying health of the membership base remains very strong," Felice said.BofA Securities said earlier in the week that BJ's stands to benefit from the current inflationary environment, though it must demonstrate a sustained acceleration in comparable sales to trigger a stock breakout.Price: $86.27, Change: $-8.16, Percent Change: -8.64%

$BJ

Oil & Energy53d ago

Market Chatter: Asia-Europe Jet Fuel Trade Reopens as France Awaits 745,000-Barrel Shipment

Europe is receiving its first jet fuel shipment from Northeast Asia since the Iran conflict disrupted trade routes in February, Reuters reported Friday, citing shiptracking data and three trade sources.South Korea loaded around 745,000 barrels of jet fuel at Yeosu onto Vitol-chartered tanker Seriana between May 1 and May 6, the report said, citing Kpler, LSEG and a fourth source.The Seriana transferred the jet fuel cargo near the Strait of Malacca to the Yuan Lan Wan between May 18 and May 21, with the shipment now heading to France, according to shipping data and trade sources.After US-Israeli airstrikes targeted Iran on Feb. 28, disruptions around the Strait of Hormuz forced Asian refiners to cut refinery operations, shipping data showed.Asian refiners also focused on meeting regional fuel demand first as uncertainty around Middle East shipping routes continued to disrupt exports westward.Last year, Asia shipped an average of 1.5 million barrels of jet fuel to Europe each month because the region often balances European supply shortages, according to Kpler.Limited arbitrage opportunities continue to restrict Asian jet fuel cargo movements into Europe, the report added, citing James Noel-Beswick, analyst at Sparta Commodities.Industry sources estimated shipping costs from Singapore to northwest Europe at about $40 per metric ton, while recent regional price spreads stayed near $20 to $30 per mt, two industry sources said.(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.)

Commodities53d ago

Enbridge to Build $1.2 Billion Wyoming Solar-Storage Project for Meta

Enbridge (ENB) and Meta Platforms (META) have expanded their renewable energy partnership with a solar and battery storage project in Wyoming to support the technology giant's growing US data center operations, the companies said on Tuesday.The first phase of the Cowboy Project, located near Cheyenne, Wyoming, deepens the energy partnership between Canada-based Enbridge and Meta Platforms, bringing their total contracted renewable energy capacity across North America to about 1.6 gigawatts.The project will combine 365 megawatts of solar generation with a 200-megawatt battery energy storage system capable of delivering 1.6 gigawatt-hours of electricity.Enbridge said it expects to invest about $1.2 billion in the project, which is scheduled to begin operations by the end of 2027.The battery storage component is designed to store electricity generated by the solar facility and discharge it during periods of high demand, helping improve grid reliability and supporting the integration of renewable power into the regional electricity system.Power from the project will be delivered to Meta through Cheyenne Light, Fuel and Power under Wyoming's Large Power Contract Service tariff, which is tailored for large energy users such as data centers without affecting retail customer electricity rates.Tesla (TSLA) will supply and service the battery systems under a long-term tolling agreement tied to the project.Meta said the project would help support reliable electricity supplies for its data center operations while adding renewable energy capacity to the grid.The Cowboy Project adds to Enbridge's existing renewable energy portfolio, supporting Meta, including the Clear Fork Solar, Easter Wind and Cone Wind projects in Texas.Price: $423.80, Change: $+5.95, Percent Change: +1.42%

$ENB$META$TSLA

Mining & Metals53d ago

Stardust Metal Up 20% On Launching $5.3 Million Private Placement Led by Strategic Investor Daniel Earle

Stardust Metal (ZIGY.CN) shares up 20% after launching a non-brokered private placement of flow-through units (FT units), premium flow-through units (PFT units), and non-flow-through units (NFT units) of the company for proceeds of up to $5.3 million, it said on Friday.Daniel Earle, who currently serves as the President and Chief Executive of Highlander Silver (HSLV.TO, HSLV), is leading this placement. The company intends to issue up to 1.6-million FT units at $0.47 per FT unit for up to $750,000, up to 4.3-million PFT units at $0.6486 per PFT unit for up to $2.8 million, and up to 3.7-million NFT units at $0.47 per NFT unit for up to $1.8 million.Each FT unit and each PFT unit will consist of one common share and one common share purchase warrant. The FT unit shares and FT unit warrants comprising either the FT units or PFT units will be issued as "flow-through shares".The company said each FT unit warrant will entitle the holder to buy a share for $0.70 for a two-year period from the date of issuance of the FT units. Each NFT unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder to buy a share for $0.70 for a two-year period from the date of issuance of the NFT units.Proceeds of the FT units and each PFT unit will be used to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as both terms are defined in the Tax Act related to the company's projects in Ontario, Canada. Closing of the FT units and NFT units is expected to occur on or about June 1.Closing of the PFT units is expected to occur on or about June 11. Proceeds of the offering will be used to fund its drilling and exploration programs on McGarry and Omega and for working capital and general corporate needs.Shares of the company were last seen up $0.12 at $0.72 on the Canadian Securities Exchange.Price: $0.72, Change: $+0.12, Percent Change: +20.00%

$HSLV.CN$ZIGY.CN

Wire53d ago

Raymond James Adjusts Price Target on Deere to $700 From $765, Maintains Outperform Rating

Deere (DE) has an average rating of overweight and mean price target of $666.01, 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: $524.61, Change: $-6.75, Percent Change: -1.27%

$DE

Insider Trading53d ago

Casella Waste Systems Insider Sold Shares Worth $1,119,523, According to a Recent SEC Filing

Edmond Coletta, President and Chief Executive Officer, on May 19, 2026, sold 12,500 shares in Casella Waste Systems (CWST) for $1,119,523. Following the Form 4 filing with the SEC, Coletta has control over a total of 140,118 Class A common shares of the company, with 140,118 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/911177/000156427926000007/xslF345X05/wk-form4_1779459736.xmlPrice: $87.31, Change: $+0.09, Percent Change: +0.10%

$CWST

Research53d ago

Research Alert: CFRA Upgrades Rating On Shares Of Toll Brothers, Inc. To Hold From Sell

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price is $141 (up from $134). This is based on 11x our FY 26 (Oct.) EPS view of $12.78, a premium to its historical P/E mean of 9.4x, reflecting the tight resale market but below its recent ~13x valuation as we expect competition in the segments TOL serves to increase. We lower our FY 26 EPS to $12.78 from $12.81 and FY 27 to $13.55 from $14.11. We see some conservatism in management's revenue guidance, but we also see some skepticism in expectations when it comes to the margin guidance. We think there is potential for these two items to neutralize each other in the current environment. Although higher interest rates do not help on the affordability front, they keep a lid on the existing housing market, which benefits homebuilders. We still expect TOL to face competition from other builders in 2026 but see the wealthier consumer cohorts remaining resilient, helping demand for TOL homes (ahead of small peers). We see TOL's pricing power as a plus as higher transport and input costs loom.

$TOL

Wire53d ago

Update: BJ's Wholesale Shares Fall as Fiscal Q1 Adjusted Earnings Decline

(Updates with stock move in headline and first paragraph.)BJ's Wholesale Club shares fell more than 6% in Friday morning trading after fiscal Q1 adjusted earnings declined year over year, even as revenue rose and results beat analysts' estimates.The company reported fiscal Q1 adjusted earnings earlier Friday of $1.10 per diluted share, down from $1.14 a year earlier. Analysts polled by FactSet expected $1.03.Revenue for the quarter ended May 2 was $5.66 billion, up from $5.15 billion a year earlier. Analysts surveyed by FactSet expected $5.44 billion.For fiscal 2026, the company continues to expect adjusted EPS of $4.40 to $4.60. Analysts polled by FactSet expect $4.51.Price: $87.44, Change: $-7.00, Percent Change: -7.41%

$BJ

Wire53d ago

Mastercard Asks Brazil's Payment Processors to Help Pay for Banco Master Failure, Bloomberg Reports

$MA

International53d ago

April Unemployment Rate Declines Largest in Ohio

State-level data released by the Bureau of Labor Statistics Friday showed the unemployment rate fell in three states in April, rose in two and held steady elsewhere.The largest unemployment rate decline was in Ohio, where it fell by 0.2 percentage point, while the unemployment rate rose by 0.2 percentage point in Connecticut. South Dakota had the lowest rate at 2.2% while Washington DC had the highest at 6.2%.The national unemployment rate was reported at 4.3% in April, the same as in March.Nonfarm payrolls rose in six states and were little changed elsewhere. Nationwide nonfarm payrolls increased by 115,000 in April after a 185,000 gain in March.The largest payrolls gain in absolute terms was in Florida, which added 40,500 jobs, followed by North Carolina with 16,000 jobs. New Mexico's 0.6% gain was the largest percentage increase.

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US Markets53d ago

BJ's Wholesale Club Fiscal First-Quarter Results Top Views; Maintains Full-Year Outlook

$BJ