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Truist Securities Raises Price Target on Andersen Group to $42 From $32, Maintains Buy Rating

Andersen Group (ANDG) has an average rating of overweight and mean price target of $37.67, 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://www..com/contact-us)Price: $36.57, Change: $+0.19, Percent Change: +0.52%

$ANDG

Wire54d ago

Truist Cuts Price Target on Home Depot to $394 From $424, Keeps Buy Rating

Home Depot (HD) has an average rating of overweight and mean price target of $406.36, 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://www..com/contact-us)Price: $304.70, Change: $-5.86, Percent Change: -1.89%

$HD

Wire54d ago

Truist Securities Lifts Price Target on Zebra Technologies to $267 From $256, Maintains Hold Rating

Zebra Technologies (ZBRA) has an average rating of overweight and mean price target of $330.27, 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://www..com/contact-us)Price: $241.76, Change: $-0.03, Percent Change: -0.01%

$ZBRA

Mining & Metals54d ago

TSX Down Near 150 Pts After Three Successive Days of Gains

S&P/TSX CompositeS&P/TSX Composite

International54d ago

Thailand Central Bank Sees Heightened Risks to Economy Amid Middle East Conflict Impact

Thailand's central bank decided to keep the current policy rate unchanged at 1% amid increasing uncertainty arising from the Middle East war, according to minutes from the Monetary Policy Committee meeting held April 24 and 29.The conflict in the Middle East has led to a significant rise in energy prices globally, a negative impact on the travel industry, and logistics issues, including shortages of raw materials. The Thai economy, along with other Asian economies, has been severely impacted due to a high dependence on energy and commodity imports from the Middle East, the minutes revealed.Under the baseline scenario in which the situation improves in the first half of 2026, the central bankers now expect Thailand's economy to expand at a slower pace of 1.5% and 2%, respectively, in 2026 and 2027, according to the minutes.Overall credit growth is also expected to remain subdued in 2026 as financial institutions remain cautious with lending.Headline inflation is projected to increase to an average of 2.9% in 2026, followed by a drop to 1.5% in 2027.The country's economy faces heightened risks due to the potential of prolonged war and continued supply disruptions.The committee believes the challenges arising from the war can be addressed through a coordinated policy mix, including monetary policy, fiscal policy, and targeted financial measures."The Committee maintained that consumption-based stimulus offered only transient economic support. Instead, policy should prioritize structural transformation and the preservation of fiscal space given the prevailing global uncertainty," the minutes stated.

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Mining & Metals54d ago

Globex Options Carp Fluorspar Project in Nevada to Australia's Evion Group

Globex Mining Enterprises (GMX.TO) has granted Australia-based Evion Group an option to acquire the Carp fluorspar property in Nevada, Globex said Wednesday.Under the terms, Evion would pay US$1.645 million in cash payments, US$2.0 million in shares, and complete $3.75 million in work expenditures over four years to earn a 100% interest in the property.Globex will retain a 3% gross metal royalty (with no buy down) on the property, including a 10-mile area of influence upon which the royalty will apply.

$GMX.TO

Oil & Energy54d ago

EMEA Oil Update: Crude Mixed as Markets Remain on Edge

Oil prices were mixed on Wednesday as the International Energy Agency and OPEC released monthly reports detailing the impact of the Middle East conflict.Front-month Murban crude futures eased by 0.5% to $105.46 per barrel, while Brent futures were up 0.1 % to $107.90/bbl.Strategists noted that markets are still digesting President Trump's recent rejection of Tehran's counteroffer and his warning that a regional ceasefire is on "massive life support."The breakdown in negotiations is largely attributed to Iran's refusal to cede control over its nuclear program and its insistence on maintaining authority over traffic through the Strait of Hormuz."The breakdown in negotiations suggests an extended disruption to oil supplies from the Persian Gulf is likely," ANZ analysts said.On the ground, the impact of the US naval blockade is becoming starkly visible.Satellite imagery obtained by Bloomberg suggests that shipments from Iran's primary export terminals have reached a virtual standstill over the last several days, a significant shift for a nation that had managed to maintain exports of roughly 1.8 million barrels per day despite the war.This supply chokehold is rapidly depleting the global inventory buffer.ANZ estimates that global crude stocks fell by nearly 200 million barrels in April alone, a staggering daily rate of 6.6 mb/d.The IEA's May oil market report, confirmed the severity of the crisis, revealing that 14.4 million barrels per day of Gulf production is currently shut in.Concurrently, OPEC revised its 2026 global demand growth forecast to 1.2 mb/d from last month's 1.4 mb/d."If Hormuz remains shut, the second quarter of 2026 will see the largest quarterly crude inventory drawdown in history at 6.5mb/d," ANZ noted.Adding to the bullish fundamental backdrop, the American Petroleum Institute reported late Tuesday that US crude inventories decreased by 2.19 million barrels for the week ended May 8.The oil market now awaits the US Energy Information Administration's petroleum inventory report, scheduled for release on Wednesday.

Equities54d ago

B. Riley Adjusts Price Target on Ramaco Resources to $22 From $24, Maintains Buy Rating

Ramaco Resources (METC) has an average rating of overweight and mean price target of $27.56, 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://www..com/contact-us)

$METC

Sectors54d ago

Gold Steady As USD Rises After U.S. Wholesale Inflation Surged Last Month

Gold was steady early Wednesday even as the dollar rose after a report showed U.S. wholesale inflation surged in April.Gold for June delivery was last seen up $2.50 to US$4,689.20 per ounce.The U.S. Bureau of Labor Statistics reported the Producer Price Index (PPI) rose at a 1.4% monthly pace from March, up from 0.7% a month earlier and well ahead of the consensus expectation for a rise of 0.5%, according to Marketwatch. On an annualized basis, PPI was up 6.0% in April, up from 4.3% a month earlier. Core PPI, excluding volatile food and energy, rose 4.4% annualized, up from 3.7% in March."The April increase is the largest advance since rising 1.7 percent in March 2022. On an unadjusted basis, the index for final demand rose 6.0 percent for the 12 months ended in April, the largest 12-month increase since moving up 6.4 percent in December 2022," the bureau noted.The report comes a day after the bureau reported the Consumer Price Index rose 3.8% year over year in April, up from 3.3% in March.Inflation has surged since the war on Iran pushed up oil prices by more than half, raising worries central banks will raise interest rates to slow rising prices, bearish for gold since it pays no interest."At the last Fed decision, three members dissented against the bank's decision to maintain its "easing bias", and the question is whether more rate setters will join that group at the next rate decision if energy prices remain high," Gustav Helgesson, Macro Strategist at SEB Research, wrote.The dollar was higher early, with the ICE dollar index last seen up 0.26 points to 98.55. Treasury yields were also higher, with the yield on the U.S. two-year note up 0.6 basis points to 4.004%, while the 10-year note was up 1.0 points to 4.48%.

$GCM6$GLD

Sectors54d ago

Sector Update: Energy Stocks Decline Premarket Wednesday

Energy stocks were declining premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.2% lower.The United States Oil Fund (USO) was down 0.4% and The United States Natural Gas Fund (UNG) was 2.6% higher.Front-month US West Texas Intermediate crude oil was slightly lower at $102.15 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 0.3% to $107.44 per barrel, and natural gas futures were up 2.5% at $2.92 per 1 million British Thermal Units.FLEX LNG (FLNG) shares were more than 1% higher after the company raised its 2026 revenue guidance.BP (BP) has stopped contract discussions with the US steelworkers' union after the lockout of over 800 employees at its Whiting, Indiana, facility, Reuters reported, citing a statement from the union. BP shares were 0.4% lower pre-bell.Ring Energy (REI) stock was down more than 23% after the company priced a public offering of about 44.4 million common shares at $1.35 apiece, targeting $60 million in gross proceeds.

$BP$FLNG$REI$UNG$USO$XLE

Mining & Metals54d ago

FRNT Financial Initiates Strategic Alternatives Review After "Multiple" Approaches

FRNT Financial's (FRNT.V) board of directors has initiated a formal review of strategic alternatives "intended to maximize shareholder value", the company said on Wednesday, adding it has been approached on "multiple occasions" regarding potential transactions over the past nine months."Though none were ultimately consummated, the frequency, nature, and progression of these approaches have led the board to conclude that there is meaningful realizable value in the Company that may not fully reflect its inherent or strategic value, and that a structured process is the appropriate means to evaluate and capture that value on behalf of all shareholders," it said.The company will consider a broad range of alternatives, as part of the strategic review, including, but not limited to, an uplisting to a senior exchange, strategic investments, mergers, acquisitions, divestitures, a going-private transaction, a business combination, and the continued execution of the company's existing standalone business plan, the company added.In connection with the strategic review, the company has engaged Joseph Gunnar & Co., LLC to act as financial advisor to the company. "FRNT cautions that such engagement should not be viewed as an indication that any specific process or transaction will be pursued," it said. "There can be no assurance that the Strategic Review will result in any transaction or any particular outcome, and the Company does not intend to comment further on the process unless and until the Board has approved a specific transaction or otherwise determines that further disclosure is appropriate or required."The strategic review is ongoing, and the company has not set a definitive timetable for its completion, it added. "After a difficult period for the crypto-industry, our informal and formal conversations over the last months have shown an investor readiness to scale FRNT, rerate the business, and capture new emerging opportunities," said CEO Stephane Ouellette. "With institutional tokenization finally emerging as a monetizable opportunity, the proliferation of institutional blockchain-based payments, and regulatory commitments giving investors more confidence, we believe this is the perfect time to investigate partners for the next chapter of FRNT's story and growth."Shares in FRNT fell 12% in Canada yesterday.

$FRNT.V

Sectors54d ago

Sector Update: Financial Stocks Fall Pre-Bell Wednesday

Financial stocks were falling pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining 0.5%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.3% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 1.5%.Aon (AON) expanded its Aon Claims Copilot platform globally, now available in North America, Asia Pacific, and several countries in Europe, Middle East, and Africa, the company said. Shares of Aon were 0.7% lower premarket.Sumitomo Mitsui Financial Group (SMFG) shares were up nearly 2% after the company reported higher fiscal 2026 earnings and ordinary income.Blackstone (BX) has withdrawn from talks for a proposed $4 billion transaction involving New World Development after negotiations broke down over control of the company, Bloomberg News reported, citing people familiar with the matter. Blackstone shares were marginally advancing premarket.

$AON$BX$FAS$FAZ$SMFG$XLF

Sectors54d ago

Sector Update: Healthcare Stocks Lean Lower Pre-Bell Wednesday

Healthcare stocks were leaning lower pre-bell Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.2% and the iShares Biotechnology ETF (IBB) declining by 0.5%.National Vision Holdings (EYE) stock was down more than 11% after the company reported fiscal Q1 revenue that missed analysts' estimates.Alto Neuroscience (ANRO) shares were down more than 3% after the company posted a wider Q1 net loss.Personalis (PSNL) said the Molecular Diagnostic Services Program of the Centers for Medicare & Medicaid Services has expanded coverage for the firm's NeXT Personal minimal residual disease test. Personalis stock was up more than 14% premarket.

$ANRO$EYE$IBB$PSNL$XLV

Commodities54d ago

Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Wednesday Ahead of US-China Meeting

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.3% higher in Wednesday's premarket activity as markets traded mixed ahead of a meeting between US President Donald Trump and Chinese leader Xi Jinping.US stock futures were also mixed, with S&P 500 Index futures down 0.03%, Dow Jones Industrial Average futures slipping 0.5%, and Nasdaq futures gaining 0.3% before the start of regular trading.The US Producer Price Index rose by 1.4% in April following a 0.7% gain in March, well above the 0.5% gain expected in a survey compiled by Bloomberg as of 7:35 am ET.The weekly petroleum stocks data will be released at 10:30 am ET.Mortgage applications rose by 1.7% in the week ended May 8 after a 4.4% fall in the previous week, with the home purchase applications driving the increase despite a small uptick in mortgage rates, according to Mortgage Bankers Association data released Wednesday.In premarket activity, bitcoin was down by 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.3% lower, Ether ETF (EETH) advanced 0.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 0.4%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.2%, while the Vanguard Industrials Index Fund (VIS) gained 0.7% and the iShares US Industrials ETF (IYJ) was down 0.1%.Red Cat (RCAT) stock was down more than 13% before the opening bell after the company said it priced an underwritten public offering of 23.9 million shares at $9.40 apiece.Winners and Losers:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.2% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 0.4% lower. The iShares US Consumer Staples ETF (IYK) retreated by 0.3%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) declined by 0.3%.Birkenstock (BIRK) shares were down more than 5% pre-bell after the company reported lower-than-expected fiscal Q2 adjusted earnings and revenue.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) declined by 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.5%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.6% higher.Sumitomo Mitsui Financial Group (SMFG) shares were up more than 2% pre-bell after the company reported higher fiscal 2026 earnings and ordinary income.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 1.4%, and the iShares US Technology ETF (IYW) was 1.3% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.8%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 1.5%, while the iShares Semiconductor ETF (SOXX) rose by 2%.Nvidia (NVDA) shares were up more than 2% in premarket activity after reports that Nvidia Chief Executive Jensen Huang is set to accompany US President Donald Trump on his visit to Beijing, a last-minute addition that has raised expectations of progress in stalled talks over Nvidia's H200 AI chip sales to China.EnergyThe iShares US Energy ETF (IYE) was down 1%, while the State Street Energy Select Sector SPDR ETF (XLE) retreated by 0.3%.Fluence Energy (FLNC) stock was down more than 2% before the opening bell after the company said it has priced an underwritten public offering of a total of 20 million of its Class A common shares on behalf of certain shareholders at $21 apiece.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.5%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was 0.6% lower.Novo Nordisk (NVO) shares were up 0.4% pre-bell. The drugmaker presented new analyses from its phase 3 OASIS 4 trial showing that adults treated with Wegovy pill achieved substantial weight loss and improved physical function. The company also said it is pausing further manufacturing development at its Odense, Denmark, site.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.4% to $101.81 per barrel on the New York Mercantile Exchange. Natural gas was down 0.6% at $2.83 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 0.4%, while The United States Natural Gas Fund (UNG) was 0.8% higher.Gold futures for May gained by 0.4% to reach $4,705.90 an ounce on the Comex. Silver futures rose by 2.6% to $87.85 an ounce. SPDR Gold Shares (GLD) was 0.7% lower, and the iShares Silver Trust (SLV) fell by 0.7%.

Dow JonesNasdaq CompositeS&P 500$BETH$BIRK$BITO$EEM$EETH$EXI$FAS$FAZ$FLNC$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NVDA$NVO$PMR$QQQ$RCAT$RTH$SLV$SMFG$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Sectors54d ago

Sector Update: Consumer Stocks Decline Premarket Wednesday

Consumer stocks were declining premarket Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.1% lower.Alibaba (BABA) shares were down more than 2% after the company reported fiscal Q4 adjusted earnings and revenue that missed analysts' expectations, with adjusted earnings declining year on year.Birkenstock (BIRK) stock was down more than 6% after the company reported fiscal Q2 adjusted earnings and revenue that missed analysts' estimates.Global-e Online (GLBE) shares were up 4.7% after the company posted higher Q1 non-GAAP earnings and revenue, and raised its 2026 revenue outlook.

$BABA$BIRK$GLBE$XLP$XLY

Sectors54d ago

Sector Update: Tech Stocks Rise Pre-Bell Wednesday

Technology stocks were rising pre-bell Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.9% higher and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.2%.Nebius Group (NBIS) stock was up more than 16% after the company posted higher Q1 earnings and revenue.Tower Semiconductor (TSEM) shares were up more than 16% after the company said it signed silicon photonics customer contracts representing $1.3 billion in expected 2027 revenue and received $290 million in customer prepayments tied to capacity reservations. Tower Semiconductor also posted higher Q1 adjusted earnings and revenue.Vishay Intertechnology (VSH) stock was up more than 6% after the company reported that it swung to a profit in fiscal Q1 as revenue increased during the period.

$NBIS$TSEM$VSH$XLK$XSD

Research54d ago

BofA Securities Upgrades Akamai Technologies to Buy From Neutral, Raises Price Target to $175 From $130

Akamai Technologies (AKAM) has an average rating of overweight and mean price target of $151.36, 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://www..com/contact-us)

$AKAM

Research54d ago

BofA Securities Upgrades Arrow Electronics to Neutral From Underperform, Raises Price Target to $233 From $122

Arrow Electronics (ARW) has an average rating of hold and mean price target of $186.75, 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://www..com/contact-us)

$ARW

Sectors54d ago

Sector Update: Energy

Energy stocks were declining premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.4% lower.The United States Oil Fund (USO) was down 0.5% and the United States Natural Gas Fund (UNG) was 2.7% higher.Front-month US West Texas Intermediate crude oil was 0.3% higher at $102.52 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.1% to $107.86 per barrel, and natural gas futures were up 2.2% at $2.90 per 1 million British Thermal Units.FLEX LNG (FLNG) shares were 0.9% higher after the company raised its 2026 revenue guidance.

$FLNG

Asia54d ago

Gallops Enterprise Names CFO

Gallops Enterprise (BOM:531902) appointed Hemant Vijaykumar Bhatkar as chief financial officer.The appointment took effect Wednesday, according to a same-day filing on BSE from the India-based real estate company.

BOM:531902

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Commodities54d ago