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European Equities Traded in the US as American Depositary Receipts Decline Sharply in Tuesday Trading

European equities traded in the US as American depositary receipts were down significantly late Tuesday morning, dropping 1.05% to 1,814.06 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company Cellectis (CLLS) and 3D printer company Materialise (MTLS), which advanced 7.5% and 3.1% respectively. They were followed by biopharmaceutical company DBV Technologies (DBVT) and internet advertising firm Criteo (CRTO), which were up 1.5% and 1% respectively.The decliners from continental Europe were led by accommodations booking site trivago (TRVG) and telecommunications company Nokia (NOK), which fell 5.2% and 4.3% respectively. They were followed by internet browser company Opera (OPRA) and semiconductor company Sequans Communications (SQNS), which dropped 1.9% and 1.8% respectively.The gainers from the UK were led by cruise line operator Carnival (CUK) and tobacco company British American Tobacco (BTI), which climbed 6.6% and 2.4% respectively. They were followed by pharmaceutical company GSK (GSK) and biopharmaceutical company Mereo BioPharma Group (MREO), which rose 2% and 1.1% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX) and telecommunications operator Vodafone Group (VOD), which fell 22% and 8.4% respectively. They were followed by pharmaceutical company Silence Therapeutics (SLN) and lender Lloyds Banking Group (LYG), which lost 5.2% and 3.7% respectively.

$AKTX$BTI$CLLS$CRTO$CUK$DBVT$GSK$LYG$MREO$MTLS$NOK$OPRA$SLN$SQNS$TRVG$VOD

Insider Trading54d ago

Constellium Se Insider Sold Shares Worth $902,475, According to a Recent SEC Filing

Nicolas Brun, Senior Vice President of Public Affairs, Communications and Sustainability, on May 11, 2026, sold 26,661 shares in Constellium Se (CSTM) for $902,475. Following the Form 4 filing with the SEC, Brun has control over a total of 104,891 ordinary shares of the company, with 104,891 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1563411/000156341126000169/xslF345X05/wk-form4_1778598525.xmlPrice: $32.68, Change: $-1.52, Percent Change: -4.44%

$CSTM

US Markets54d ago

Under Armour Guides Below Expectations After Q4 Miss; Shares Tumble

Under Armour (UAA) issued weaker-than-expected full-year guidance on Tuesday after the sportswear maker's fiscal fourth-quarter adjusted loss narrowed less than analysts anticipated.The company expects adjusted earnings of $0.08 to $0.12 per share in fiscal 2027, below the $0.23 consensus on FactSet. The outlook reflects continued investment and external cost pressures, partially offset by tariff-related refunds, the company said.Revenue is projected to decline "slightly" this year, compared with Wall Street's expectation for $5.05 billion. Under Armour anticipates a low-single-digit sales decline in North America, while EMEA and Asia Pacific are expected to grow at a similar rate."That outlook reflects both continued consumer uncertainty and the deliberate choices we're making to reshape the business," CEO Kevin Plank said on an earnings call, according to a FactSet transcript. "We are prioritizing revenue quality over volume, strengthening the foundation and positioning the company to return to growth with stronger profitability and a more consistent brand expression."Under Armour's shares slumped 19% in Tuesday trading.The company expanded its restructuring program launched in 2024, bringing total expected costs to about $305 million. It has incurred $261 million to date and aims to substantially complete the plan by December.In the three months ended March 31, the adjusted loss narrowed to $0.03 per share from $0.08 a year earlier, missing the $0.02 loss analysts expected. Revenue slipped 1% to $1.17 billion, roughly in line with estimates. North America sales fell 7%, while EMEA rose 7%, Asia Pacific gained 13%, and Latin America jumped 22%.Wholesale revenue declined 2.6% to $747.7 million, while direct-to-consumer sales rose 5.1% to $405.7 million. Apparel revenue eased 0.3% to $778 million, footwear was little changed at $281.8 million, and accessories increased 2.3% to $93.7 million.In the current quarter, the company expects adjusted EPS of breakeven to $0.02 and revenue to decline 2% to 3%, compared with Wall Street forecasts for $0.01 per share and $1.14 billion in sales."Overall, we expect the first quarter to represent the weakest revenue performance of the year, with growth rates improving progressively through the balance of fiscal 2027," Chief Financial Officer Reza Taleghani said on the call.Price: $4.92, Change: $-1.15, Percent Change: -18.89%

$UA$UAA

Mining & Metals54d ago

BMO Upgrades Trican Rating to Outperform, Raises Price Target to C$9.00 from C$7.00

BMO Capital Markets on Tuesday upgraded its rating on the shares of Trican Well Services (TCW.TO) to outperform from market perform and increased its price target to C$9.00 from C$7.00 following the oilfield-services company's first-quarter results.Trican's results exceeded expectations, with a pick-up in April activity driving results higher, BMO said.While BMO does not believe the strong quarter was commodity driven, BMO expects rising activity levels and pricing in the second half of 2026 and 2027 as producers look to increase spending."In our view, TCW's financial results hold some of the best torque to higher activity in the Western Canada Sedimentary Basin, while the pressure pumping supply/demand balance currently sits in a tight band," BMO said.Price: $7.51, Change: $+0.34, Percent Change: +4.74%

$TCW.TO

Commodities54d ago

Odfjell Drilling Reports Full Q1 Fleet Coverage, Tight Market Outlook

Scotland-headquartered Odfjell Drilling reported Q1 earnings Tuesday, showing that its owned rig fleet is fully contracted, supported by a firm contract backlog of about $2 billion and $3 million in priced options.The drilling firm highlighted high utilization across its fleet, with financial utilization in Q1 remaining steady at 96%, the same as for the corresponding period a year ago.The company said its contract coverage extends across most of its rigs, including units operating in the North Sea and other international markets.Meanwhile, Odfjell described the Norwegian market as tight, citing limited supply and high barriers to entry for rigs operating on the Norwegian Continental Shelf.Most units in the sector are either fully contracted, working overseas or would require significant investment to enter the market, the energy firm said.Odfjell's next available rigs are not expected to enter the market until H2 2027.Beyond Norway, Odfjell has outstanding tenders in markets including Namibia and the UK, alongside growing interest in deepwater projects.

Mining & Metals54d ago

Globex Mining Enters Option Agreement on Its Ramp/Maude Lake Gold Property in Ontario

Globex Mining Enterprises (GMX.TO) entered an option agreement with 1001565486 Ontario Inc., on Globex's RAMP/Maude Lake gold property located southeast of the Timmins Ontario area, it said Tuesday.The company said Ontario Co. will pay $4.7 million in cash payments, $1.05 million in Ontario Inc. shares, and complete $6.0 million in exploration work expenditures on the Ramp/Maude Lake property over four years. At the end of the option agreement Globex will retain a 3% Gross Metal Royalty GMR royalty with a buy down to 2% GMR for $1.5 million, applicable to the property and an area of influence of one km around the property boundaries.The Ramp property, 100% owned by Globex Mining Enterprises, consists of mining rights comprised of 66 unpatented mining claims, 14 patented mining claims, and 3 mining leases totalling 1,792 hectares, 7 parcels of patented and leased surface rights totalling about 208 hectares are also included in the package, it said.Shares of the company were last seen unchanged at $2.27 on the Toronto Stock Exchange.

$GMX.TO

Wire54d ago

Dr. Reddy's to Launch Generic Ozempic in Canada This Month, Bloomberg Reports

$NVO$RDY

Wire54d ago

AeroVironment Wins $43 Million War Department Contract for Antenna System Integration

AeroVironment (AVAV) said Tuesday it has won a three-year, $43 million contract from the Department of War's Test Resource Management Center to integrate its PANTHER antenna system on SkyRange aviation platforms.The integration of the multi-target tracking technology will improve weapons testing operations and accelerate development timelines, the company said.The platform-agnostic antenna system provides a mobile, air-based alternative to traditional parabolic dish setups for evaluating long-range missiles, it added.The company is conducting the integration work in North Dakota and collaborating with Bismarck State College to establish a technician training program, AeroVironment said.Shares of the company were up about 1% in Tuesday trading.Price: $168.09, Change: $+1.64, Percent Change: +0.99%

$AVAV

Mining & Metals54d ago

Stifel Canada Lifts NFI Group Price Target by $0.50 to $26.00

Stifel Canada has raised its price target on the shares of NFI Group (NFI.TO) by $0.50, to $26.00 after it updated its estimates following the company's first quarter results.In a note, analyst Daryl Young, who is maintaining a buy rating on the shares, said the first quarter was a solid start to the year, reflecting momentum in the manufacturing division, with profitability improving significantly.Bus deliveries were slower than expected, but management noted that April was very strong and that volumes should increase across the year, including with the ramp up of the All-Canadian build facility.Young believes NFI could surprise to the upside on margins across the back half of the year. Key issues around tariffs, seat supply, and battery recall all remain in check, he adds."Big picture, we think the worst is behind NFI, and expect to see valuation expansion across the year as it regains its execution track record."Price: $20.44, Change: $-0.09, Percent Change: -0.41%

$NFI.TO

Wire54d ago

JPMorgan Chase CEO Jamie Dimon Warns of 'Too Much Exuberance' in Markets

JPMorgan Chase (JPM) Chief Executive Jamie Dimon said Tuesday financial markets may be showing "a little bit too much exuberance," warning that investors could be underestimating inflation risks and broader geopolitical tensions.In an interview with Bloomberg TV, Dimon said investor optimism appears tied partly to hopes for some resolution in the Middle East, though he noted ongoing risks involving Ukraine, Russia and US-China relations.Dimon said inflation remains a concern following weaker-than-expected economic data, adding that increased government spending and stimulus measures have helped support corporate profits and market performance but could also add to inflationary pressures.He said deregulation, low credit spreads and strong corporate earnings have contributed to favorable market conditions, though he expressed skepticism over whether current optimism is fully justified.Dimon added that deficit spending has been driving "corporate earnings" and capital expenditures, but said it remains unclear whether higher investment spending will improve productivity before fueling inflation further.Price: $298.34, Change: $-1.66, Percent Change: -0.55%

$JPM

Commodities54d ago

Acen Renewable Output Surges 32% on Strong Wind, Overseas Gains

Philippine energy company Acen said Tuesday that Q1 2026 renewable energy output rose 32% year on year, driven by stronger contributions from its operations in Australia and Laos, as well as the resumption of wind operations in Ilocos Norte, the Philippines.The company said renewable energy generation reached 2,230 gigawatt-hours during the January-to-March period.Revenue from electricity sales increased 42% to 10.74 billion Philippine pesos ($187.6 million) in the first quarter of 2026, from 7.55 billion pesos a year earlier.Acen said the cost of purchased power rose 10% to 4.89 billion pesos in the quarter, compared with 4.43 billion pesos in the same period last year.

US Markets54d ago

Annual Consumer Inflation Hits Highest in Nearly 3 Years as Energy Costs Soar

US annual consumer inflation accelerated in April to the fastest pace in almost three years as energy prices surged amid the near-complete closure of the Strait of Hormuz.The consumer price index accelerated to 3.8% year over year in April -- the highest print since May 2023, the Bureau of Labor Statistics reported Tuesday. The print exceeded Wall Street's 3.7% forecast. Prices rose 3.3% in March.Energy prices rose nearly 18% annually, the highest since September 2022, official data showed. The food index climbed 3.2%."Inflationary pressures heated up in April, as elevated crude oil prices continued to push gas prices higher and lead to some spillover price effects across other categories like food and airfares," Thomas Feltmate, senior economist at TD Economics, said in a report. "That said, some of the uptick in core inflation looks overdone."West Texas Intermediate crude has jumped more than 50% since the US and Israel started a war with Iran at the end of February. That conflict has disrupted shipments through the Strait of Hormuz.US retail gasoline prices averaged $4.504 per gallon Tuesday, compared with $3.137 a year ago, according to data from AAA, a travel organization that tracks fuel prices in the country.Monthly inflation slowed to 0.6% in April from 0.9% in March, the BLS reported. The latest reading matched a Bloomberg-polled consensus view. Energy price growth eased to 3.8% sequentially from nearly 11%.US President Donald Trump recently rejected Iran's counteroffer to end the war, extending uncertainty around oil flows through the crucial Strait of Hormuz.Energy market volatility remains elevated amid "headlines around escalation, ceasefire discussions, and maritime security in the Strait of Hormuz," TD Economist Marc Ercolao said in separate report.Core inflation, which excludes the volatile food and energy components, accelerated to 2.8% annually in April -- the fastest since September -- from March's 2.6% print. Wall Street expected a print of 2.7%.Core prices rose 0.4% month over month after a 0.2% rise in March, ahead of the Street's expectation for a 0.3% level."This morning's numbers reinforce why the (Federal Reserve) needs to remain patient," TD's Feltmate said. "With secondary price effects from higher energy prices likely to intensify in the months ahead, we're likely to see core measures of inflation drift a bit higher and hover around 3% through year-end."

Wire54d ago

S&P Global Energy Expands AI Offering With HorizonsAgents Platform

S&P Global's (SPGI) Energy division said Tuesday it launched HorizonsAgents suite of AI-powered tools to turn complex energy and sustainability data into decision-ready insights for financial institutions, corporates and project developers.The company said the agentic AI system can generate in minutes comparable, decision-ready intelligence on energy security, expansion and transition projects, while improving consistency and auditability in regulated workflows.S&P Global Energy said the platform integrates proprietary data to speed screening, benchmarking and portfolio analysis as demand rises for AI-driven infrastructure and energy transition investments.Shares of S&P Global were up 1.4% in Tuesday trading.Price: $427.04, Change: $+6.04, Percent Change: +1.43%

$SPGI

Research54d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Talen Energy Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $3 to $453, valuing shares at an EV/EBITDA of 11.0x our 2027 EBITDA estimate, roughly in-line with peers. We raise our 2026 EPS view by $2.58 to $23.02 and raise our 2027 EPS view by $5.87 to $34.61. In 2026, we anticipate operating sales growth of 64% to $4.23B and 10% to $4.67B in 2027 from $2.58B in 2025, supported by the ramp-up of the long-term PPA with AWS at the Susquehanna nuclear plant. We also see recent gas plant acquisitions supporting growth. We anticipate significant adjusted EBITDA margin expansion with support from strong revenue growth due to recent acquisitions and contracted power sales. We forecast the margin to reach approximately 48% in 2026, up from ~40% in 2025, followed by further expansion to around 53% in 2027. TLN repurchased 300k shares for $100M during the quarter, with $1.9B remaining under its authorization through year-end 2028, supporting the company's disciplined capital allocation framework while maintaining net leverage of 3.1x.

$TLN

Wire54d ago

Cohu Receives $5 Million Orders to Test Gallium Nitride Devices for AI Data Centers

Cohu (COHU) said Tuesday it received multiple orders from a chip maker worth $5 million for the DiamondX testing platform to support the development of gallium nitride power devices for use in AI data center power architectures.The DiamondX test configurations for power devices allow accurate characterization and production testing of GaN devices used in key AI data center power stages, the company said.Shares of Cohu were down 5.5% in Tuesday trading.Price: $48.49, Change: $-2.80, Percent Change: -5.45%

$COHU

Commodities54d ago

Parex Posts Stronger Q1 Production Ahead of Frontera Asset Acquisition

Colombia-based Parex Resources reported Q1 earnings Tuesday, showing total average daily production of 44,735 barrels of oil equivalent per day, up from 43,658 boe/d a year earlier.The company produced 43,249 barrels per day of crude oil for the quarter ended March 31, compared with 42,857 b/d a year earlier.Parex increased light and medium crude oil production to 13,980 b/d in the quarter from 10,650 b/d a year earlier, while heavy crude oil production declined to 29,269 b/d from 32,207 b/d.Natural gas production was 8.9 million cubic feet per day in the first quarter, up from 4.8 MMcf/d a year earlier.Average daily oil and natural gas sales reached 44,561 boe/d in the quarter, compared with 43,863 boe/d a year earlier.Produced crude oil sales totaled 43,075 b/d for the quarter, compared with 43,049 b/d in the year-ago period.Parex expects H2 2026 production to range between 82,000 boe/d and 91,000 boe/d after adding Frontera Energy's Colombian assets and new producing properties in the Magdalena Basin.Parex agreed to acquire Frontera Energy's Colombian upstream assets for $500 million plus assumed debt and a potential $25 million contingent payment, with the transaction expected to close in the second quarter of 2026 pending remaining conditions and approvals.The company expects second-half capital expenditures between $275 million and $295 million.

Wire54d ago

Salesforce, Pearson Expand Partnership to Strengthen Employee AI Readiness

Salesforce (CRM) and Pearson said Tuesday they have expanded their strategic partnership aimed at strengthening artificial intelligence readiness and skills development across Salesforce's global workforce.The multi-year collaboration creates an AI-based approach to workforce development by combining Salesforce's customer relationship management technologies with Pearson's expertise in skills intelligence, assessment, and learning design, according to the statement.This partnership will help Salesforce predict emerging role needs, develop critical capabilities at scale, and validate skills across its organization, the statement added.Price: $174.92, Change: $-2.57, Percent Change: -1.45%

$CRM

Insider Trading54d ago

Borgwarner Insider Sold Shares Worth $1,495,150, According to a Recent SEC Filing

Stefan Demmerle, Vice President, on May 08, 2026, sold 25,000 shares in Borgwarner (BWA) for $1,495,150. Following the Form 4 filing with the SEC, Demmerle has control over a total of 208,746 common shares of the company, with 208,746 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/908255/000122520826005138/xslF345X05/doc4.xmlPrice: $62.91, Change: $-0.24, Percent Change: -0.38%

$BWA

Mining & Metals54d ago

RBC Keeps First Quantum's Outperform Rating, C$45 Price Target

RBC Capital Markets on Monday maintained First Quantum Minerals' (FM.TO) outperform with a speculative risk rating while its C$45 price target remained unchanged.RBC expects a positive reaction in First Quantum's shares following the release of an updated technical report on its La Granja joint venture with Rio Tinto in Peru.The report outlined 4.8 billion tonnes of measured and indicated resources grading 0.48% copper for 23 million tonnes of copper. The project also contains inferred resources of 5.2 billion tonnes at 0.40% copper for 20 million tonnes of copper.La Granja ranks as the world's second-largest greenfield copper resource, and RBC sees La Granja as a future development option for First Quantum and likely slots in behind the company's Taca Taca project in Argentina.Meanwhile, National Bank of Canada reiterated First Quantum's outperform target and $47 price target.The bank is encouraged by the large-scale/long-term potential of La Granja, which First Quantum believes has the potential to become a Tier 1, multi-generational copper mine.National Bank conservatively valued First Quantum's interest in La Granja via an in situ resource credit of US$800 million.First Quantum traded at $35.15 per share at last look Tuesday on the Toronto Stock Exchange.Price: $35.47, Change: $+0.57, Percent Change: +1.63%

$FM.TO

Insider Trading54d ago

Borgwarner Insider Sold Shares Worth $345,628, According to a Recent SEC Filing

Volker Weng, Vice President, on May 11, 2026, sold 5,606 shares in Borgwarner (BWA) for $345,628. Following the Form 4 filing with the SEC, Weng has control over a total of 90,002 common shares of the company, with 90,002 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/908255/000122520826005139/xslF345X05/doc4.xmlPrice: $62.93, Change: $-0.22, Percent Change: -0.35%

$BWA

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US Markets54d ago