Financial News · Live Terminal

Mattr Upgraded to Buy, Price Target Lifted to $15.25 at Stifel Canada After Strong Q1, Outlook

Stifel Canada upgraded its rating on the shares of Mattr (MATR.TO) to buy from hold and raised its price target on to $15.25 from $8.75.Mattr reported a very strong first quarter, and raised 2026E EBITDA guidance by 7% compared with consensus, writes analyst Ian Gillies.The company's CompTech facilities investments are beginning to pay with margins rebounding in the quarter, and Gillies believe there is more upside potential besides what is embedded in 2026E guidance.There are still a number of quarters of strong performance required to drive a re-rate, but Gillies believes it is "unequivocally" inexpensive, and he likes the current set up."The stock is inexpensive with it offering an 8.4% FCF yield, and we believe the risk/reward is now favourable given the potential for further positive estimate revisions."Price: $12.50, Change: $+0.65, Percent Change: +5.49%

$MATR.TO

Wire55d ago

Top Midday Gainers

P3 Health Partners' (PIII) shares soared 182% amid heavy trading after the company posted overnight a swing to Q1 earnings and a year-over-year jump in revenue.Over 52.6 million shares traded intraday versus a daily average of roughly 90,000.Figma (FIG) reported late Thursday Q1 adjusted earnings and revenue that beat analysts' estimates.Shares advanced 15%, with intraday trading volume rising to over 60.9 million from a daily average of about 17.1 million.Globant (GLOB) is still in the early stages of its turnaround as it continues to shift focus to AI-native services, with growth anticipated to return in Q2 and accelerate in H2, Wedbush said in a Friday note.The company's Q1 total revenue beat expectations as more clients adopt its AI studios offering, with AI model independence and token sovereignty enabling flexibility for their internal use cases, Wedbush analysts said.Shares climbed 12% as intraday trading volume jumped to over 4.45 million from a daily average of roughly 1.49 million.Price: $11.36, Change: $+7.33, Percent Change: +181.76%

$FIG$GLOB$PIII

Insider Trading55d ago

Borgwarner Insider Sold Shares Worth $338,550, According to a Recent SEC Filing

Volker Weng, Vice President, on May 14, 2026, sold 5,000 shares in Borgwarner (BWA) for $338,550. Following the Form 4 filing with the SEC, Weng has control over a total of 85,002 common shares of the company, with 85,002 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/908255/000122520826005349/xslF345X05/doc4.xmlPrice: $64.01, Change: $-3.41, Percent Change: -5.06%

$BWA

Update: Gold Falls as the USD and Treasury Yields Surge on Inflation Worries

(Updates prices)Gold traded lower midafternoon Friday as the dollar and yields climbed on concerns around inflation and concerns the rise in oil prices will force central banks to hike interest rates.Gold for June delivery was last seen down $119.40 to US$4,565.90 per ounce.The drop comes as traders continue to turn to the dollar and bonds to counter fears of higher interest rates, seeing gold as no safe store of value amid rising inflation. The United States this week reported consumer and wholesale prices surged last month as the war on Iran produced the largest-ever energy supply shock, pushing up oil prices by half."Inflation data saw yields rise and gold fall. Overall, the Iran conflict has held gold back despite the abundant uncertainty. We still expect for that uncertainty to turn more gold positive eventually," Christopher Louney, a gold and natural gas analyst at RBC Capital Markets, wrote.The dollar rose early, with the ICE dollar index last seen up 0.41 points to 99.23, the highest since April 7. Treasury yields were also sharply higher. The yield on the two-year note was last seen up 6.0 basis points to 4.09%, while the 10-year note was paying 4.598%, up 10.9 points to the highest since May 21. 2025.

$GCM6$GLD

Research55d ago

Research Alert: CFRA Maintains Hold Rating On Tfx On Q1 Margin Compression

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our target to $110 from $136, 12.5x our 2027 EPS view. We cut our 2026 EPS view to $6.46 from $6.54. We keep our 2027 EPS view at $8.82. We reaffirmed our fundamental outlook for the health care equipment sub-industry for the next 12 months as neutral. While we anticipate continued growth in elective procedures and diagnostics, we see tariffs and rising costs as considerable pressure points on profitability, especially for smaller firms in our coverage. TFX faced severe margin compression in Q1, with adj. gross margin and operating margin declining by 470 bps and 510 bps, respectively. This pressure, led by tariffs, higher logistics costs, the dilutive impact of the Vascular acquisition, and a quality remediation charge for a recall, led to a 3.5% Y/Y decrease in EPS. Compounding these challenges, the key Interventional segment (37% of total) posted modest 3% growth due to disruption from its sales force integration, and we are concerned the supplier recall may lead to elevated backorders in Q2.

$TFX

Commodities55d ago

US Natural Gas Update: Prices Rise on Short-Term Supply Concerns

US natural gas futures advanced in midday trading Friday after a smaller-than-expected storage build and continued signs of easing production, reinforcing a tighter near-term supply backdrop.Henry Hub front-month futures and the continuous contract both rose 2.38% to $2.963 per million British thermal units.The upward move followed Thursday's report from the US Energy Information Administration, which showed an 85 billion cubic foot injection into storage for the week ended May 8. The build fell short of analyst expectations and was well below the 109 Bcf increase recorded in the same week a year earlier.The latest data left the storage surplus versus the five-year average at 6.5%, while the surplus over the year arrowed to 2.3%, the EIA said.Demand trends were mixed. Power sector consumption declined by 1.2 Bcf per day Thursday and is expected to fall by another 0.7 Bcf/d Friday, according to NRG Energy. Residential and commercial demand provided a partial offset on Thursday with a 0.6 Bcf/d increase, though that segment is forecast to drop by 1.3 Bcf/d on Friday.On the power pricing front, wholesale electricity prices in the PJM Interconnection grid region reached $136.53 per megawatt-hour in Q1 2026, nearly double the $77.78/MWh recorded in the same period last year, NRG said. The increase has been attributed largely to rising load from data centers.Aegis Hedging said Friday that rising power prices are expected to improve margins for gas-fired generation, reinforcing gas demand as the system adjusts to higher structural electricity load growth from data center expansion.Hotter temperatures on the US East coast could bring some elevated power demands and some hourly price volatility to NYC electricity markets next week, Tradition Energy's Gary Cunningham said in a Friday note.The "heat shouldn't be enough to create any real strain on the grid, and the price volatility from PJM to New England will likely be capped at ~$150/MWh," Cunningham said.US dry gas production slipped from about 107.7 Bcf/d over the weekend to 106.0 Bcf/d midweek before rebounding toward 107.2 Bcf/d Friday, according to NRG.LNG feedgas deliveries declined from a record 18.8 Bcf/d in April to around 17.0 Bcf/d so far in May, hitting a 15-week low amid seasonal maintenance at facilities including Golden Pass LNG and Freeport LNG, NRG said.In project development news, Caturus announced a final investment decision on its $13 billion Commonwealth LNG project in Cameron Parish, Louisiana. The company also secured $9.75 billion in financing for the 9.5 million tonnes per annum export terminal, which is scheduled to enter service in 2030.

Allied Announces May 2026 Distribution

Allied Properties Real Estate Investment Trust's (AP-UN.TO) trustees declared a distribution of $0.06 per unit for the month of May 2026, unchanged from the prior month, it said on Friday.The distribution will be payable on June 15 to unitholders of record on May 29.Price: $9.63, Change: $-0.04, Percent Change: -0.41%

$AP-UN.TO

Sector Update: Financial Stocks Lower in Afternoon Trading

Financial stocks declined in Friday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.2%.The Philadelphia Housing Index was down 3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1.4%.Bitcoin (BTC-USD) was declining 2.5% to $79,348, and the yield for 10-year US Treasuries jumped 12.8 basis points to 4.59%.In economic news, US industrial production rebounded more than projected in April, buoyed the manufacturing and utilities categories, Federal Reserve data showed Friday. Industrial output rose 0.7% last month following a revised 0.3% fall in March, the Fed said. The consensus was for a 0.3% increase for April in a survey compiled by Bloomberg.In corporate news, Goldman Sachs (GS) is assessing demand for a significant risk transfer linked to a portfolio of loans to private market funds, Bloomberg reported. The lender is a regular issuer of SRTs and has used them in the past to offload risk related to private funds, the report said, adding that final terms of the transaction are being discussed with investors. Goldman shares were down 1.6%.Mizuho Financial (MFG) shares fell 1.3% after it issued fiscal 2026 earnings forecast below analysts' expectations.HSBC (HSBC) has yet to deploy the $4 billion it previously committed to its private credit strategy, with no current timeline for the planned investment, the Financial Times reported. HSBC shares were down 2%.

$GS$HSBC$MFG

Canada Could Approve Pipeline Construction by the Fall of 2027, Completion by 2034

Sector Update: Healthcare Stocks Softer Friday Afternoon

Healthcare stocks declined Friday afternoon, with the NYSE Healthcare Index falling 0.9% and the State Street Healthcare Select Sector SPDR ETF (XLV) shedding 0.8%.The iShares Biotechnology ETF (IBB) dropped 2.5%.In corporate news, Aardvark Therapeutics (AARD) shares fell 31% after the firm said the US Food and Drug Administration placed a full clinical hold on its investigational new drug application for ARD-101. Morgan Stanley downgraded the stock to underweight from equalweight, and BTIG to neutral from buy.DexCom (DXCM) said Friday it has set new long-term financial goals, including organic revenue growth of more than 10% a year through 2030. Its shares climbed past 6%.ARS Pharmaceuticals (SPRY) shares fell nearly 5% after it posted a wider Q1 net loss.Alumis (ALMS) stock was down more than 5% after it reported that its Q1 revenue dropped to $1.7 million from $17.4 million a year earlier.

$AARD$ALMS$DXCM$SPRY

Wire55d ago

Hyperscale Data Plans Tender Offer for Up to $5 Million of Shares

Hyperscale Data (GPUS) said Friday it plans to launch a tender offer to purchase up to $5 million of its stock at a price of $0.21 per share after filing its quarterly report.The company said the move is intended to bridge the gap between its current market value and balance sheet strength.Hyperscale Data said it intends to finance the proposed offer through existing cash on hand.Shares fell 3.2% in Friday trading.

$GPUS

Carney Says Proposed West Coast Pipeline Depends Oil Sands Carbon Capture Project. Says Project to Create 50,000 Jobs

Oil & Energy55d ago

EMEA Oil Update: Crude Climbs 3% as Trump Warns Iran Over Hormuz Deadlock

EMEA crude futures climbed in after-hours trading on Friday after President Trump left Beijing talks with Chinese President Xi Jinping without clear progress on reopening the Strait of Hormuz and reportedly said he is losing patience with Iran.Brent crude futures rose by 3.34% to $109.25 per barrel, while Murban oil futures were up 2.62% to $107.44/bbl."Oil prices moved toward a weekly gain as the Strait of Hormuz remained effectively closed, prolonging disruptions to global energy supplies and keeping markets on edge," Soojin Kim, research analyst at MUFG, said.On Friday, Trump said he did not push President Xi to pressure Iran to open the Hormuz, offering no sign of a breakthrough in the standoff over the key chokepoint. China is the top buyer of Iranian crude.The US President reportedly said that he is losing patience with Iran. "I am not going to be much more patient. They should make a deal," Trump reportedly said."The Trump-Xi summit was held against a backdrop of a Middle East conflict that shows no signs of resolution," said Daniel Hynes, senior commodity strategist at ANZ.Chinese FM Wang Yi reportedly said Beijing believes a solution to issues in the Strait of Hormuz "lies in achieving a permanent and comprehensive ceasefire" between the US and Iran, adding that "force cannot solve problems."Iran has "no trust" in the US and is only interested in negotiating with Washington if it is serious, Iranian Foreign Minister Abbas Araqchi said on Friday, adding that Iran is prepared to return to fighting but also to pursue diplomatic solutions.Meanwhile, flows through the Hormuz are easing following a ship seizure near the strategic waterway.On Thursday, the United Kingdom Maritime Trade Operations Centre says it received a report of a vessel being "taken by unauthorized personnel" near the UAE emirate of Fujairah. UKMTO said the ship was taken 38 nautical miles off the UAE in the Gulf of Oman, where it was anchored.The US Central Command said on Friday it has redirected 75 commercial vessels and "disabled" four as part of a blockade targeting ships entering and exiting Iranian ports.On the supply front, the Middle East conflict has driven global oil inventories down at a record pace, and the market will remain "severely undersupplied" until October even if hostilities end next month, the International Energy Agency said on Wednesday.The IEA said that global observed oil inventories dropped by 250 million barrels in March and April, or at a rate of about 4 million barrels per day.OPEC also said on Wednesday that crude production among member states fell further in April and is down more than 30% since the onset of the conflict in late February. The producer group said production fell by 1.7 million b/d in April after output plunged by 7.9 million b/d in March.

$AMD$ASML$GOOGL$INTC$MSFT$NVDA$STM$XRX

Sector Update: Tech Stocks Fall in Afternoon Trading

Tech stocks were lower Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) down 1.6%.The Philadelphia Semiconductor index slumped 2.6%.In sector news, the world's largest AI firms could earn $200 billion in revenue this year, more than five times the $37 billion they brought in last year, according to estimates from Menlo Ventures. The venture capital firm has tracked AI revenue growth from Microsoft (MSFT), Amazon (AMZN), Alphabet's Google (GOOGL), OpenAI, Anthropic, Cursor and other companies for the past three years.In corporate news, Nvidia (NVDA), Advanced Micro Devices (AMD) and Intel (INTC) shares declined in Friday trading, while ASML (ASML) and STMicroelectronics (STM) also fell after a US-China summit ended without major semiconductor agreements, Yahoo Finance reported. The pullback came after talks between President Donald Trump and Chinese President Xi Jinping failed to produce significant developments on semiconductor trade issues, despite investor expectations for progress on advanced chip sales to China, the report said. Nvidia shares fell 2.5%, AMD lost 3.5%, Intel declined 5.3%, ASML dropped 4.2%, and STMicroelectronics slumped 3.8%.Bill Ackman said Friday on the social media platform X that his Pershing Square hedge fund has sold Alphabet (GOOGL) shares and established a new position in Microsoft (MSFT). Alphabet shares were down 1%, and Microsoft climbed 4.3%.Xerox (XRX) shares jumped past 9% after alternative investment fund Starteepo Invest acquired 6.6 million shares of the company, representing a 5.05% stake.

PM Carney Says Canada and Alberta to a Carbon Market With Binding Annual Benchmarks, Canada to Issue 75-Million Tonnes of Carbon Contracts to Support Major Carbon Capture,, Clean Energy "

Dow JonesNasdaq CompositeS&P 500$DXCM

Sector Update: Consumer Stocks Decline Friday Afternoon

Consumer stocks were lower Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.5%.In corporate news, Starbucks (SBUX) said it will cut 300 US support jobs as the coffee giant consolidates regional offices to reduce costs and streamline operations. Its shares were down 0.2%.Magnum Ice Cream (MICC) shares jumped past 10% after Reuters reported that Blackstone (BX) and Clayton, Dubilier & Rice are in the early stages of considering bids for the company.Diageo (DEO) will integrate its Africa and Europe operations into a single division amid an overhaul including major leadership changes, Bloomberg reported. Diageo shares rose 1.7%.

$DEO$MICC$SBUX

US Markets55d ago

Macro Backdrop Helps Lift Comparable Sales Expectations for Off-Price Retailers, Deutsche Bank Says

The current macro backdrop is likely benefiting the off-price retail sector as increased value-seeking behavior among consumers has helped lift same-store sales growth expectations for the first quarter, Deutsche Bank said in a note on Friday.The brokerage remains constructive on discount retailers, which tend to grow during an economic slowdown. In addition, merchandising initiatives and store openings should help sustain sales momentum, according to the note."Sentiment towards off-price retail remains positive with elevated (first quarter 2026) SSS expectations," Deutsche Bank Analyst Krisztina Katai said. "This reflects tailwinds from stimulus in the US and increased value-seeking behavior, which combine with company-specific SSS initiatives and easier compares."US consumer sentiment declined to fresh lows in May amid cost pressures tied to the Middle East conflict, University of Michigan's preliminary survey showed earlier this month. A fragile ceasefire between Washington and Iran appears to be holding, though the two sides are yet to finalize a framework on a peace deal.The brokerage expects comparable sales to grow low teens for Ross Stores (ROST), between 7% and 8% for Burlington Stores (BURL) and 5% to 6% for TJX's (TJX) Marmaxx.Top-line strength and average unit retail gains position off-price retailers to absorb incremental freight pressures, but it is unclear whether the current momentum is driven by stimulus or other sustainable trends, Deutsche Bank said."That said, fears of a consumer slowdown in recent weeks have led to the group de-rating materially to start (the fiscal second quarter) -- which we believe creates a buying opportunity," Katai said.Ross Stores and TJX are "best positioned" to top estimates due to incremental transactions, Katai said. Deutsche Bank remains "sidelined" on Burlington Stores.Ross Stores, TJX and Burlington Stores are scheduled to release their first-quarter results later in May.Price: $213.22, Change: $-0.06, Percent Change: -0.03%

$BURL$ROST$TJX

Asia Markets55d ago

US Equity Indexes Fall as Treasury Yields, Crude Oil Soar Amid Mounting Concern Over Hormuz Unlocking

US equity indexes fell amid a surge in government bond yields and crude oil futures in midday trading on Friday as investors weighed the probability of the Strait of Hormuz reopening in the near term.The Nasdaq Composite fell 1.1% to 26,340.3, while the S&P 500 was down 0.9% to 7,433.7 and the Dow Jones Industrial Average was lower by 0.8% to 49,646.5.All sectors except energy fell. Materials, industrials, utilities, and consumer discretionary led the decliners.A summit between US President Donald Trump and his Chinese counterpart, Xi Jinping, ended with mixed messages, the Wall Street Journal reported. Trump reportedly told Fox News the United States does not need to see the Strait of Hormuz reopen, then told reporters both he and Xi want to see the Iran war end, while also saying Hormuz needs to reopen as soon as possible."The market could be pinning too much hope on the US-China talks yielding some positive results on Iran," ING Bank said in a note. "Some hope that China could exert pressure on Iran to reach a deal with the US, to end the war, and lead to a resumption of energy flows through the Strait of Hormuz."A lack of trust is the biggest obstacle in negotiations to end the war with the US, and Tehran would be open to diplomatic help, particularly from China, to help ease tensions, Iran's foreign minister, Abbas Araghchi, was cited as saying in an Associated Press report. Contradictory messages have "made us reluctant about the real intentions of Americans," he added.Trump said his patience with Iran was running out and that Chinese President Xi Jinping had agreed that Tehran must reopen Hormuz, but China gave no indication it would weigh in, Reuters reported.Expectations that Hormuz will quickly return to normal maritime traffic levels in June are based on "magical thinking" and underestimate the political and operational barriers to restoring flows, RBC Capital Markets strategists said in a note.US Treasury yields surged, with the 10-year up 13 basis points to 4.59%, the highest in about a year. The two-year advanced 9.2 basis points to 4.08%, the strongest level since February 2025.West Texas Intermediate crude oil futures surged 3.8% to $105.02, and Brent crude futures jumped 3.3% to $109.16.In precious metals, gold futures dropped 3% to $4,543.4, and silver futures sank 10% to $76.63.In economic news, industrial production rebounded by 0.7% in April, above expectations for a 0.3% increase in a Bloomberg-compiled survey, and following an upwardly revised 0.3% decline in March.In company news, DexCom (DXCM) said Friday it has set new long-term financial goals, including organic revenue growth of more than 10% a year through 2030. Shares jumped 7.3%, the top gainer on the S&P 500 and the Nasdaq.

PM Carney Says Agreement is "Building Trust of Investors That Alberta and Canada Are Reliable and Attractive Destinations Where Opportunities ar Plentiful"