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Sector Update: Consumer

Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.9%.In corporate news, Under Armour (UAA) issued weaker-than-expected full-year guidance on Tuesday after the sportswear maker's fiscal Q4 adjusted loss narrowed less than analysts anticipated. Its shares fell more than 17%.

$UAA

Insider Trading54d ago

Vicor Insider Sold Shares Worth $2,737,009, According to a Recent SEC Filing

Claudio Tuozzolo, Director, Corporate Vice President, on May 11, 2026, sold 8,984 shares in Vicor (VICR) for $2,737,009. Following the Form 4 filing with the SEC, Tuozzolo has control over a total of 13,240 common shares of the company, with 13,240 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/751978/000140354026000007/xslF345X05/primary_doc.xmlPrice: $289.87, Change: $-23.09, Percent Change: -7.38%

$VICR

Sectors54d ago

Sector Update: Healthcare

Healthcare stocks advanced late Tuesday afternoon, with the NYSE Healthcare Index and the State Street Healthcare Select Sector SPDR ETF (XLV) each rising 2%.The iShares Biotechnology ETF (IBB) increased 1.2%.In sector news, President Donald Trump said Tuesday that US Food and Drug Administration Commissioner Marty Makary is resigning, Bloomberg reported.In corporate news, West Pharmaceutical Services (WST) shares were down 2.3% after the company said in a regulatory filing its global operations were disrupted by a cyberattack.

$WST

Sectors54d ago

Sector Update: Tech

Tech stocks were lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.2% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 5.5%.The Philadelphia Semiconductor index declined 5.2%.In corporate news, Alphabet's (GOOGL) Google said Tuesday it is introducing Googlebook, a new category of laptops built around its AI models and Gemini Intelligence. Its shares were down 0.7%.

$GOOGL

Wire54d ago

Market Chatter: Microsoft Generates $30 Billion From OpenAI-Related Business, More Than Doubling Investment

Microsoft (MSFT) has earned about $30 billion in revenue from OpenAI-related business in 2023-25, more than double its $13 billion capital investment, The Information reported Monday, citing estimates based on company filings, people familiar with the business and OpenAI's private financial documents.The earnings include OpenAI's spending on Azure servers, its revenue-share payments to Microsoft, and Microsoft's sales of products that use OpenAI's models, the report said.Microsoft's right to 20% of OpenAI's revenue through 2030 translates to an additional $38 billion through 2030, based on a payment cap the two companies negotiated last month, the report said.Microsoft 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: $408.43, Change: $-4.24, Percent Change: -1.03%

$MSFT

Oil & Energy54d ago

EIA Cuts Henry Hub Forecasts for 2026, 2027 as US Production Rises, Inventories Build

The Energy Information Administration has lowered its Henry Hub spot price forecast for 2026 to $3.50 per million British thermal units, down from $3.67/MMBtu in April, the agency said in its Short-Term Energy Outlook for May released Tuesday.It has also lowered its 2027 Henry Hub spot price forecast of $3.59/MMBtu to $3.18/MMBtu, a downward revision of about 11.5%.The revisions were in anticipation of heightened production. "With higher production, we expect natural gas injections into storage during the April-October injection season to be above average," the EIA said.It added that the Henry Hub price is expected to average $2.83/MMBtu in Q2 2026, about 11% lower than a year earlier.US dry natural gas production will rise to 110.6 billion cubic feet per day in 2026 from 107.7 Bcf/d in 2025 before increasing further to 115 Bcf/d in 2027, the EIA forecast showed.US natural gas consumption will ease to 91.24 Bcf/d in 2026 from 91.88 Bcf/d in 2025 before rising to 94.42 Bcf/d in 2027, according to the EIA outlook.The EIA expects US LNG exports to increase to 17 Bcf/d in 2026 from 15.1 Bcf/d in 2025 before climbing further to 18.2 Bcf/d in 2027.The EIA forecasts US natural gas inventories will end the injection season on Oct. 31 at 7% above the previous five-year average.US marketed natural gas output rose 4% to average 120.2 Bcf/d in Q1 2026, compared with the year-ago period."We expect production to keep rising through 2027, with associated natural gas output increasing as higher crude oil prices support more crude oil production," the EIA said.Output growth of about 6% in both the Permian and Haynesville regions pushed natural gas production levels higher.EIA raised its forecast of marketed natural gas production by 1% in 2026 and by 2% in 2027 compared with last month's forecast. This upward revision was based on EIA analysis that shows rising gas-to-oil ratios from many wells in the Permian region.US liquefied natural gas export capacity surged by about 0.9 billion cubic feet per day in April, driven by the first cargo shipped from Golden Pass LNG Train 1 and Corpus Christi Stage 3 additional production, EIA data showed."Corpus Christi Train 6 is scheduled to come online in summer 2026, adding an additional 0.2 Bcf/d of nominal export capacity, but long lead times for adding new export capacity will constrain growth in US LNG exports," the EIA said.However, global LNG prices remain supported by reduced flows through the Strait of Hormuz and a wide spread between US domestic natural gas prices and international markets."Our March and April export estimates are the second- and third-highest ever, behind December 2025 (18.4 Bcf/d)," EIA said.EIA data showed that LNG exports fell to 17.6 Bcf/d in April from 18.1 Bcf/d in March, dragged down by milder weather globally and lower spot-market demand.

Commodities54d ago

EIA Sees US Electricity Demand Climbing 3.1% in 2027 as Solar Capacity Expands

The Energy Information Administration raised its projection for US electricity consumption in its May Short-Term Energy Outlook released on Tuesday."US electricity demand in our forecast rises 1.3% in 2026, averaging almost 4,250 billion kilowatthours and growing another 3.1% in 2027," according to the STEO.This surge in demand is fueled by growth in the commercial sector, which is expected to surpass residential demand, a first on record, according to the EIA. Industrial demand is also surging, but at a relatively slower pace."Residential electricity prices are expected to increase by 5% in 2026 and to continue to rise in 2027, although at a slower pace," EIA said.Prices are rising across the US, but the largest hikes are expected along the East Coast.Additionally, the EIA also raised forecasts for utility-scale solar generation."Our forecast for utility-scale solar generation in 2026 is 1.4% higher than in the previous STEO because we revised our estimate of the amount of solar generating capacity that was online at the beginning of this year," the EIA said.The EIA expects US solar capacity to increase to 180 gigawatts in 2026 from 150 GW in 2025 and reach 215 GW in 2027, while wind capacity will rise to 170 GW in 2026 from 159 GW in 2025.US coal production will decline to 519 million short tons in 2026 from 528 million short tons in 2025 before falling further to 487 million short tons in 2027, the EIA forecast showed.Coal inventories will rise 12% to 123 million short tons by the end of 2026 as domestic demand weakens faster than production declines, the agency said.

Insider Trading54d ago

Mks Insider Sold Shares Worth $1,393,317, According to a Recent SEC Filing

Kathleen Flaherty Burke, Executive Vice President, General Counsel & Secretary, on May 11, 2026, sold 4,355 shares in Mks (MKSI) for $1,393,317. Following the Form 4 filing with the SEC, Burke has control over a total of 49,439 common shares of the company, with 49,439 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1049502/000104950226000072/xslF345X05/form4.xmlPrice: $306.88, Change: $-12.84, Percent Change: -4.01%

$MKSI

Research54d ago

CES Energy Solutions Downgraded To Sector Perform From Outperform, C$20 Target Unchanged at National Bk On "Relative Performance/Seasonality"

$CEU.TO

Wire54d ago

Ovintiv Showing Benefits of Simplification, Strong Operations, Lower Debt, UBS Says

Ovintiv (OVV) is beginning to show the benefits of its portfolio simplification efforts, with improved operational efficiency, stronger well performance and a sharper-than-expected reduction in debt, UBS Securities said.The brokerage said in a Monday note that Ovintiv's Q1 results beat expectations on cash flow per share, while production came in at the high end of guidance and capital spending was at the low end of the range.UBS said Montney operations are already delivering meaningful per-well savings, while Permian wells are performing above the 2025 average.The investment firm added that the company's improved debt position supports higher shareholder returns than previously expected, and said Ovintiv remains its "Top E&P Pick."UBS has a buy rating on the stock, with a $75 price target.Price: $58.45, Change: $-0.65, Percent Change: -1.09%

$OVV

Commodities54d ago

Mubadala Invests $325 Million in Orsted's Hornsea 3 Offshore Wind Project

Abu Dhabi sovereign investor Mubadala Investment Company said on Tuesday it will invest $325 million in Orsted's Hornsea 3 offshore wind farm, joining a consortium led by Apollo-managed funds in one of the world's largest renewable energy projects.The deal follows Apollo Funds' acquisition of a 50% stake in the joint venture holding Hornsea 3, while Danish renewable energy firm Orsted retains the remaining 50% and continues to lead development, construction, and operation of the project.Hornsea 3, which is located off the Norfolk coast in the UK, is expected to become the world's largest single offshore wind farm once completed, with a projected capacity of 2.9 gigawatts, enough to power more than 3.3 million homes.The UK is the largest offshore wind market outside China and has set a target of up to 50 GW of offshore wind capacity by 2030 as part of its net-zero strategy, the sovereign fund said.

Treasury54d ago

US Treasury Closing Levels

3:00 Tuesday vs 3:00 Monday2yr 99-17 vs 99-20; 3.991% vs 3.943%5yr 98-28+ vs 99-04+; 4.122% vs 4.066%10yr 97-11 vs 97-24; 4.462% vs 4.408%30yr 95-22+ vs 96-11+; 5.028% vs 4.984%2/10 46.634 bps vs 46.319 bps5/30 90.431 bps vs 91.694 bps

Wire54d ago

Street Color: AT&T Receives US Federal Communications Commission Approval to Acquire EchoStar's 50 Megahertz of Spectrum

$SATS$T

Wire54d ago

Fox Outperformed in Fiscal Q3 Given Sports and News Focus, UBS Says

Fox's (FOXA) fiscal Q3 results outperformed as the company continues to benefit from its sports and news focus, but the NFL renewal remains an overhang on the stock, UBS Securities said in a note emailed Tuesday.Cable distribution revenue grew 5.5% in fiscal Q3, and UBS expects growth of 4.7% in fiscal Q4 amid stable linear trends and continued year-over-year boost from the launch of FOX One, according to the note.UBS estimates nearly 3 million subscribers by fiscal 2030, in line with management's prior commentary for low- to mid-single-digit millions of subscribers over 3 to 4 years, according to the note.The brokerage expects corporate losses to remain high in fiscal Q4 due to the FOX One investment, driving losses up about $180 million for the full fiscal year. However, it expects improvement in fiscal 2027 and beyond, according to the note.UBS expects a sizable working capital headwind from the World Cup in fiscal 2026. It now estimates free cash flow of $1.6 billion for fiscal 2026 and $3.5 billion for fiscal 2027, versus the prior estimates of $1.47 billion and $3.43 billion, respectively.UBS kept a buy rating on Fox with a price target of $78.Price: $66.29, Change: $-1.43, Percent Change: -2.11%

$FOXA

Wire54d ago

Toast Shares Fall After Rothschild & Co Redburn Downgrade

Toast (TOST) shares fell 4.7% in Tuesday trading after Rothschild & Co Redburn downgraded the stock to neutral from buy and lowered its price target to $35 per share from $47.Trading volume stood at about 15.5 million shares, compared with a daily average of over 11.1 million.Price: $23.05, Change: $-1.15, Percent Change: -4.73%

$TOST

US Markets54d ago

Boeing Trails Airbus in April Deliveries, Beats in Orders

Boeing (BA) trailed European rival Airbus in deliveries for April, though the US planemaker's order count came in way stronger.Boeing delivered 47 commercial jets last month, including 34 737 Max aircraft. The April tally was higher than overall deliveries of 46 the month prior and 45 a year earlier. Airbus delivered 67 aircraft in April, data on the companies' websites showed Tuesday.Boeing shares were down 1.5% in late-afternoon trade. The stock has gained 8.1% in value so far in 2026.Boeing booked orders for 136 jets last month, up from 33 sequentially and eight a year earlier. Airbus' order count for April was 28.Late last month, Biman Bangladesh Airlines ordered 14 Boeing aircraft, including eight 787-10s, four 737-8s, and two 787-9s.In the year through April, Boeing has delivered 190 aircraft versus Airbus' tally of 181, data on the companies' websites showed.Boeing's unfilled orders at the end of April reached 6,814 jets.In April, the company's first-quarter loss unexpectedly narrowed as commercial aircraft deliveries rose, while the plane maker reported a smaller cash burn year over year.Price: $233.94, Change: $-4.27, Percent Change: -1.79%

$BA

Commodities54d ago

UK Deploys Fighter Jets, Warship for Multinational Hormuz Security Mission

The UK will deploy autonomous mine-hunting systems, counter-drone technology, Typhoon fighter jets, and HMS Dragon, an air-defense destroyer, as part of a planned multinational defensive mission to protect shipping through the Strait of Hormuz, the UK Ministry of Defense said in a Tuesday statement.The operation, which will activate when conditions permit, is backed by 115 million British pounds ($156 million) in new funding for unmanned mine detection and counter-drone capabilities.Officials say the package is intended to strengthen maritime security and support freedom of navigation in one of the world's most strategically sensitive waterways.The commitment was outlined during a virtual summit of defense ministers from over 40 countries participating in the Multinational Military Mission. The UK also reaffirmed its leadership role, including its involvement in a multinational headquarters structure coordinating the effort.Britain's force package includes autonomous mine-hunting equipment designed to detect and neutralize sea mines, alongside the Royal Navy's modular "Beehive" system. That system can deploy high-speed unmanned Kraken boats to identify and track threats at sea.Typhoon fighter jets, already operational in the region, will conduct air patrols over the Strait. Specialist Royal Navy mine-clearance personnel are also being prepared in the UK for potential deployment.HMS Dragon is currently heading to the Middle East after additional training and system calibration. The destroyer's air defense capability includes the Sea Viper missile system and will be ready for operations if required. The Royal Fleet Auxiliary vessel Lyme Bay is also being upgraded to support unmanned systems as a potential "mothership" platform.Defense Secretary John Healey said the UK was taking a leading role in securing the waterway and that the new investments demonstrate a commitment to protecting commercial shipping and reducing economic disruption caused by regional instability. He said the mission would be defensive, independent, and credible, and would work alongside allies.The UK currently maintains over 1,000 personnel in the region, including counter-drone teams and fast jet squadrons supporting maritime security and protection of British nationals.The multinational operation is intended to restore confidence in shipping through the Strait, through which roughly one-fifth of global oil supplies pass.

Wire54d ago

Accuray Shares Fall After Jefferies Downgrade

Accuray (ARAY) shares were down about 7% in Tuesday trading after Jefferies downgraded the stock to hold from buy and cut its price target to $0.35 per share from $3.50.Trading volume stood at more than 1.3 million shares, compared with a daily average of about 1.4 million.Price: $0.32, Change: $-0.02, Percent Change: -7.09%

$ARAY

Mining & Metals54d ago

Flagship Communities REIT Expands Presence in Ohio

Flagship Communities Real Estate Investment Trust (MHC-U.TO) expanded its presence in northern Ohio with a strategic acquisition of a manufactured housing community (MHC) for total consideration of approximately US$1.5 million, it said on Tuesday.The acquisition is expected to be immediately accretive to the REIT's adjusted funds from operations (AFFO) on a per unit basis, it said."The acquisition is located in Marblehead, Ohio, a resort area along Lake Erie and is comprised of 28 lots that are 100% occupied," said Flagship.The property includes a private beach area and a fishing pier along with a number of boat dock slips and is in close proximity to another Flagship-owned MHC, it added."This acquisition helps expand Flagship's presence in our Northern Ohio market, thereby enabling us to generate economies of scale and operational synergies," said Kurt Keeney, President and Chief Executive Officer. "The Marblehead property will be a great addition to our resort MHC communities."The company's shares were last seen unchanged at C$26.50 on the Toronto Stock Exchange.

$MHC-U.TO$MHC-UN.TO

Wire54d ago

AppLovin Shares Rise After Phillip Securities Upgrade

AppLovin (APP) shares rose 2.2% on Tuesday after Phillip Securities upgraded the stock to buy from accumulate and adjusted its price target to $635 per share from $725.Trading volume stood at about 2.9 million shares compared with a daily average of close to 5 million.Price: $488.18, Change: $+9.76, Percent Change: +2.04%

$APP

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Oil & Energy54d ago