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On Holding Likely to Post Q1 Sales Beat on Solid Trends, UBS Says

On Holding (ONON) is likely to post Q1 sales growth beat and raise its 2026 guidance on solid topline trends, UBS said in a Wednesday research report. The company is due to release Q1 results on May 12.The sentiment around the stock appears bearish amid the recent CEO change as well as high oil prices weighing much more on its margin guidance than expected, analysts wrote.Channel checks indicated that the company's Q1 digital trends were solid with total and unique global visits to its site rising 20% and 21%, respectively, while European Union spend likely grew 35%, according to the note.For Q1, UBS expects sales growth of 15.4%, but forex remains a material headwind, according to the note. For 2026, the brokerage said it expects the company to raise its sales growth guidance by 100 basis points.The brokerage maintained its buy rating on the stock and price target of $85 per share.Price: $34.95, Change: $-0.48, Percent Change: -1.35%

$ONON

Treasury55d ago

Sharc International Systems Raises $300,000 After Closing Second Tranche of Debenture

Sharc International Systems (SHRC.CN) closed the second-tranche of its non-brokered private placement of unsecured convertible debentures, raising $300,000 and bringing total proceeds to date to $600,000, it said overnight Tuesday.The three-year debentures bear an 8% interest rate, calculated annually paid on maturity. The debentures, including any accrued and unpaid interest, will also be convertible into shares priced at $0.125 apiece .Proceeds will be used for working capital and general corporate needs.Shares of the company were last seen unchanged at $0.09 on the Canadian Securities Exchange.

$SHRC.CN

Sectors55d ago

Sector Update: Health Care

Health care stocks declined Wednesday afternoon, with the NYSE Health Care Index down 0.4% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.7%.The iShares Biotechnology ETF (IBB) fell 1.7%.In corporate news, AbbVie (ABBV) raised its full-year outlook on Wednesday as the biopharmaceutical company recorded better-than-expected Q1 results, driven by robust revenue growth from its Skyrizi and Rinvoq immunology drugs. Its shares rose 3.3%.

$ABBV

Mining & Metals55d ago

Adyton Resources Begins Trading on the OTCQB Market

Adyton Resources' (ADY.V) shares are now trading on the OTCQB Venture Market in the United States under the symbol 'ADYRF', the company said on Wednesday.The company's shares will continue to trade on the TSX Venture Exchange."We are pleased to commence trading on the OTCQB, marking an important milestone in the company's growth and visibility in the U.S. capital markets," said chief executive Tim Crossley. "This listing enhances our accessibility to a broader base of investors and reflects our ongoing commitment to transparency and shareholder value. As we continue to advance our strategic objectives, we believe this step will support increased liquidity and strengthen our position as we execute on our development plans."The company's shares were last seen down $0.005 to $0.36 on the TSX Venture Exchange.Price: $0.36, Change: $-0.01, Percent Change: -1.37%

$ADY.V

Research55d ago

Research Alert: CFRA Maintains Hold Rating On Shares Of Centene Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month price target by $13 to $55, 16.2x our 2026 EPS estimate, above CNC's five- and 10-year historical forward averages of 12.8x and 13.9x, respectively. Our 2026 EPS estimate is up to $3.40 from $3.00, while our 2027 estimate is down $0.02 to $4.01. Shares jumped following a Q1 EPS beat and guidance raise, highlighted by a modest improvement in the health benefits ratio to 87.3% from 87.5% in the prior-year quarter. Results were aided by a more moderate flu/respiratory illness season, though persistent drivers of higher medical costs persist, such as behavioral health utilization and high-cost prescription drug volumes. As the nation's largest Medicaid insurer, CNC maintained a confident outlook despite looming challenges for membership and funding under the OBBBA legislation, in our view. Management called out the upcoming implementation of new Medicaid work requirements in Nebraska as a meaningful case study for potential impacts on other states.

$CNC

Sectors55d ago

Sector Update: Consumer

Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.4%.In corporate news, Wingstop (WING) reduced its 2026 domestic same-store sales outlook as the restaurant chain reported weaker-than expected Q1 revenue. Its shares fell 4%.

$WING

Wire55d ago

Kimberly-Clark Shows Steady Performance Amid Volatile Macros, RBC Says

Kimberly-Clark (KMB) showed a steady Q1 performance amid volatile macros and Kenvue (KVUE) acquisition, RBC Capital Markets said in a note on Wednesday.The report said the company topped organic sales and earnings per share expectations in the quarter."Share performance in the US and internationally signals strong fundamentals and that ongoing M&A activity (Suzano JV and KVUE acquisition) is not impacting execution," the note said.Guidance was largely reiterated, and the firm pointed to potential inflation in H2 on rising oil prices, the note said, adding that new guidance will be issued if the Kenvue deal closes in H2."We continue to see more upside than downside to KMB," it said. RBC kept its outperform rating with a $162 price target.Price: $96.96, Change: $-1.48, Percent Change: -1.50%

$KMB$KVUE

Research55d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Visa Inc.

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 price by $20 to $440, valuing shares at 29.5x our FY 27 (Sep.) EPS, a modest premium to Visa's five-year historical average of 29.1x. We increase our FY 26 EPS estimate to $13.21 from $12.95 and raise FY 27's to $14.94 from $14.66. AI is benefiting Visa more than disrupting it. Value-added services continue their strong momentum, growing 27% in the March quarter, significantly faster than overall revenue growth of 17%. Additionally, cross-border volumes have held steady despite geopolitical tensions in Iran, while payments volume is accelerating. Competitive dynamics are also improving. Revenue growth has outpaced client incentive growth in three of the past four quarters, reversing the previous five years, when client incentives consistently grew faster than revenues. Looking ahead, Visa's positioning as a leader in agentic commerce suggests continued strength, led by rising transaction counts and expanding value-added service adoption.

US Markets55d ago

Brent Approaches $120 Per Barrel as Trump Reportedly Rejects Iranian Proposal

Oil prices rallied Wednesday, with Brent approaching $120 per barrel after US President Donald Trump reportedly rejected an Iranian proposal to lift the naval blockade.Brent crude was last up 7.2% at $119.25 per barrel, having traded as high as $119.45 earlier in the day. West Texas Intermediate rose 7% to $106.91.Trump told Axios on Wednesday he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal. Iran wanted the Strait of Hormuz opened before the two sides could sit down to discuss uranium enrichment at a later stage.In a social media post on Wednesday, Trump said Iran "better get smart soon."A senior Iranian security source told state media Press TV that the US naval blockade will soon be met with "practical and unprecedented action."The rhetoric comes amid stalled peace negotiations between Washington and Tehran, though their ceasefire agreement appears to be holding. A separate truce deal is in place between Israel and Lebanon.Pakistani mediators expect a revised proposal from Iran by Friday, CNN reported."Crude oil has resumed its war-driven rally, with Brent rising almost non-stop since a brief mid-month tumble to ($86 per barrel), when hopes for a peace deal and a short-lived reopening of the Strait of Hormuz triggered a sharp but temporary correction," Saxo Bank Head of Commodity Strategy Ole Hansen said in a report Wednesday.Besides the Iran war, markets are assessing the implication of the United Arab Emirates' decision to leave the Organization of the Petroleum Exporting Countries.The move marks a "major strategic shift (for the UAE), freeing it from production quotas that for years limited its ability to fully utilize expanding capacity," Hansen said.The UAE is set to increase oil production after walking away from oil cartel OPEC, ING Bank said in a report Wednesday."However, before this can be tapped, there must be a resolution in the Persian Gulf that allows for uninhibited energy flows through the Strait of Hormuz once again," ING said. "Therefore, in the short term, this development has little impact on the market. But in the medium to longer term, it means more supply for the market."

Wire55d ago

Pentair Stock Decline on Potential Inventory Destocking 'Overdone,' RBC Says

Pentair (PNR) shares fell 10% following the company's Q1 earnings report on Tuesday but the sell off, tied to warnings of a potential inventory destocking, was "overdone," RBC Capital Markets said.During the company's earnings call, Pentair disclosed expectations for its Pool channel partners to execute an inventory reduction in Q2 and Q3, which stems from a lowered industry volume forecast, especially for high-end discretionary products, the RBC analysts said. Pentair explained that recent price actions had prompted distributors to stock up, the analysts said.The stock price decline was also driven by H2-weighted guidance and concerns over residential and consumer spending, according to the note.However, Pentair continues its strong execution on productivity initiatives, margin improvement, and new product introductions, fueling a streak of 16 consecutive quarters of margin expansion, the analysts noted. They said that they have not observed any execution issues or missteps.RBC maintained the company's stock rating at outperform and lowered the price target to $101 from $107.Price: $81.36, Change: $-1.50, Percent Change: -1.81%

$PNR

Research55d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Visa Inc.

Asia Markets55d ago

US Equity Indexes Fall Amid Surge in Crude Oil, Treasury Yields as Iran Peace Deal Proves Elusive

US equity indexes traded lower after midday on Wednesday as crude oil futures and government bond yields jumped amid concern that Iran's blockade will be extended to force Tehran into a peace deal.Index heavyweights Alphabet (GOOG, GOOGL), Amazon.com (AMZN), Meta Platforms (META), and Microsoft (MSFT) will report quarterly earnings after the bell, adding to frayed nerves as investors await the latest read on the hyperscalers' capital expenditure plans.The Dow Jones Industrial Average fell 0.6% to 48,853.3, with the S&P 500 down 0.2% to 7,121.9 and the Nasdaq Composite 0.4% lower at 24,572.2. All sectors except energy fell, with materials and industrials leading the decliners intraday.President Donald Trump has instructed aides to prepare for an extended blockade of Iran, US officials told The Wall Street Journal. In recent meetings, including a Monday discussion in the Situation Room, Trump opted to continue squeezing Iran's economy and oil exports by preventing shipping to and from its ports, the WSJ said.Trump assessed with his aides that the other options open to him -- resume bombing or walk away from the conflict -- carried more risk than maintaining the country's blockade, the officials told the WSJ."Iran can't get their act together. They don't know how to sign a non-nuclear deal. They'd better get smart soon!" Trump said in a Wednesday Truth Social post.Meanwhile, West Texas Intermediate crude oil futures jumped 6.7% to $106.70, and Brent crude futures surged 6.8% to $118.87 amid concern that Trump's policy will prolong disruption in the Strait of Hormuz, the chokepoint for 20% of global crude oil flows.In precious metals, gold futures dropped 0.7% to $4,575.00, and silver futures slumped 2% to $72.30, as higher crude oil prices raised inflation concerns. Most US Treasury yields rose, with the 10-year up 4.6 basis points to 4.40%, the highest in about a month. The two-year jumped seven basis points to 3.91%.The Federal Reserve's Federal Open Market Committee will make its latest policy announcement at 2 pm ET, followed by a press conference by Fed Chair Jerome Powell. The panel is certain to leave interest rates unchanged at the current target rate of 3.5% to 3.75%, according to the CME's FedWatch tool.If the Iran war lasts longer, Central banks that haven't adopted more explicit tightening biases, such as the Fed, and/or where inflation has been running above target, also such as the Fed, may be seen behind the curve, according to a Macquarie note. "We would then expect to see a more hawkish tone and action emerge by May."In economic news, US March housing starts jumped almost 11% to a 1.502 million annual rate from a 1.356 million pace in February, above the 1.38 million rate expected in a Bloomberg-compiled survey.Building permits plunged nearly 11% to a 1.372 million rate in March, below the 1.39 million rate expected and following the 1.538 million rate reported in February.

Dow JonesNasdaq CompositeS&P 500$AMZN$GOOG$GOOGL$META$MSFT

Wire55d ago

Newell Brands Near Bottom in Q1, but Risks, Other Negative Factors Remain, RBC Says

Newell Brands (NWL) could see Q1 as the low point of the year, with sales expected to improve from Q2, but consumer weakness, higher input costs, and Middle East risks keep the near-term outlook unclear, RBC Capital Markets said in a note Wednesday.Q1 results should be close to company guidance and market estimates because the quarter's pressure is already well understood, but the investment firm said it expects management to keep full-year guidance unchanged, while signaling that demand should improve as shelf resets, new products, and distribution gains help later quarters.RBC said small appliances and general merchandise remain under pressure, while younger consumers and value-focused shoppers appear more sensitive to the economy, as tracked channel sales are down about 2%, with pricing becoming less negative but volumes weakening from the previous period.Higher commodity, transport, and sourcing costs from Middle East disruptions could pressure margins, though Newell's supply chain improvements and savings efforts may soften some of the impact, according to the note.RBC kept the company's sector perform rating and $4 price target.Price: $3.90, Change: $-0.11, Percent Change: -2.74%

$NWL

Wire55d ago

Top Midday Gainers

KalVista Pharmaceuticals (KALV) and Chiesi Group said Wednesday they have entered into a definitive agreement through which Chiesi will acquire KalVista for $27 per share in cash, or about $1.9 billion. The deal is expected to close in Q3, they said.Shares surged 39% as intraday trading volume rose to over 48.2 million, from a daily average of roughly 984,000.Silicon Motion Technology (SIMO) reported a year-over-year surge in Q1 non-GAAP earnings and sales late Tuesday, beating market expectations.Shares soared 31% as intraday trading volume jumped to over 2.66 million from a daily average of about 623,000.Bloom Energy (BE) reported Q1 adjusted earnings late Tuesday of $0.44 per diluted share, up from $0.03 a year earlier. Analysts polled by FactSet expected $0.12. The company's revenue also handily beat the analysts' forecast.Shares jumped 22% as intraday trading volume surged to over 13.8 million from a daily average of about 10.8 million.Price: $26.71, Change: $+7.47, Percent Change: +38.80%

$BE$KALV$SIMO

Commodities55d ago

EMEA Natural Gas Update: Futures Jump as Trump Warns Iran, Hormuz Disruptions Persist

European natural gas futures extended gains in after-hours trading on Wednesday, driven by escalating geopolitical tensions after US President Donald Trump signaled a prolonged blockade against Iran and warned Tehran to "get smart soon" in a social media post.The front-month Dutch TTF contract climbed 8.96% to 47.50 euros ($55.53) per megawatt hour, while the UK NBP advanced 8.385% to 117.50 British pence ($1.59) per therm.The large price jump was attributable to renewed supply concerns prompted by the Middle East conflicts, which led to the closure of the Strait of Hormuz and the dimming of peace prospects in the near term.In a Truth Social post, Trump criticized Iran's handling of nuclear negotiations, saying Tehran has failed to move toward a deal. Talks between the two sides remain stalled.Meanwhile, the Strait of Hormuz, a key artery for global energy markets that handles roughly one-fifth of global LNG flows, remained effectively closed for a ninth consecutive week. Only five vessels transited the waterway in the past 24 hours, according to data from the Hormuz Strait Monitor.However, on Tuesday, an LNG tanker reportedly completed a transit through the strait for the first time since the conflict began, offering a tentative sign of limited movement.Analysts warned that supply risks are compounding existing challenges in Europe's gas market. Daniel Hynes, an analyst at ANZ, said the region continues to face obstacles in refilling depleted gas storage ahead of next winter, as high LNG prices persist due to a global shortage brought on by the closure of the Strait.European gas storage levels currently stand at 31.97% of capacity, according to Gas Infrastructure Europe, compared with nearly 39% at the same time last year.Adding to demand pressures, weather forecasts point to falling temperatures across Eastern and Southeastern Europe in the coming days, driven by an Arctic cold air intrusion, Severe Weather Europe reported.

Mining & Metals55d ago

Acceleware Enters into Second Farm-In Agreement in Saskatchewan Mannville

Acceleware (AXE.V) on Wednesday said it entered into a second farm-in agreement for one section of land, with an option for an additional half-section of land, targeting the Mannville Stack oil formation in Saskatchewan.The company now has a total of two and one-half sections, including option lands, of Lloydminster-area Mannville stack land in its portfolio through farm-in agreements, where it will use its RF XL 2.0 technology to use radio waves to remotely heat and liquefy heavy oil so it can be pumped to the surface."The agreement represents another step in the company's stated strategy to build a portfolio of heavy oil production rights and a runway of field opportunities for RF XL 2.0 deployment, while maintaining a disciplined approach to capital deployment," said the company.Under the agreement, the company will have the opportunity to drill an RF XL 2.0 horizontal well pair in exchange for a gross overriding royalty."Upon payout of Acceleware's invested capital, the farmors may elect to convert the royalty into a 40% working interest," said the company.The agreement also provides the potential to drill additional well pairs on the property, added the company."This agreement builds on the company's earlier Mannville-focused farm-in and reflects continued progress in assembling field-ready opportunities," said chief executive Geoff Clark. "These farm-in agreements, and others that we are pursuing, are an excellent opportunity to show the potential of RF XL 2.0 while generating near-term revenue and cash flow from the production of heavy oil."The company's shares last traded April 27, closing at $0.12 on the TSX Venture Exchange.

$AXE.V

Wire55d ago

General Dynamics Raises Full-Year Earnings Outlook After First-Quarter Beat; Shares Jump

General Dynamics (GD) increased its full-year earnings outlook after reporting fiscal first-quarter results above Wall Street's estimates, sending the company's shares surging Wednesday.The aerospace and defense company now projects earnings at $16.45 to $16.55 a share for fiscal 2026, up from its previous guidance range of $16.10 to $16.20, President Danny Deep said on an earnings conference call, according to a FactSet transcript. The current consensus on FactSet is for $16.30."Given our strong start, we thought it would be prudent to revise our EPS guidance to reflect our performance thus far," Deep told analysts. "Looking at the year from a quarterly perspective, the first and fourth quarters would represent the high points, favoring the fourth quarter."EPS climbed to $4.10 for the quarter through April 5 from $3.66 a year earlier, topping the Street's view for $3.68. Revenue improved 10% to $13.48 billion, exceeding the average analyst estimate on FactSet of $12.70 billion.General Dynamics' shares were up 11% in Wednesday afternoon trade. The stock has increased 2.9% so far this year.Marine systems business revenue jumped 21% year over year to $4.34 billion in the quarter, while the aerospace division saw an 8.4% gain. Sales in the combat systems and technologies units rose more than 4% each.Orders amounted to $26.6 billion in the quarter on a companywide basis, while total estimated contract value -- the sum of all backlog components -- was $188.4 billion at the end of the quarter. The company said this includes backlog of $130.8 billion.However, General Dynamics saw numerous transactions slow down at the end of the quarter as a result of the conflict in the Middle East, Deep told analysts."We were having a spectacular quarter from an order standpoint across the board here in the US, as well as the Middle East," Deep said. "As the conflict started to take form, we saw some slowing in order intake in the Middle East."Last week, Lockheed Martin (LMT) reported first-quarter results that missed the Street's views, while fellow aerospace and defense companies RTX (RTX) and Northrop Grumman (NOC) delivered beats.Price: $347.32, Change: $+33.64, Percent Change: +10.72%

$GD$LMT$NOC$RTX

Research55d ago

Research Alert: CFRA Downgrades Opinion On Shares Of Nucor Corporation To Sell From Hold

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 price by $6 to $198, driven by an EV/EBITDA of 8.5x our 2027 EBITDA estimate, which is between NUE's three-year average forward EV/EBITDA of 7.8x and the peers' average of 9.2x. We raise our 2026 EPS estimate by $1.97 to $13.75 and trim 2027 by $0.09 to $13.39. NUE reported strong Q1 results with record steel mill shipments of 7 million tons and a backlog of 4.7 million tonsthe highest since Q2 2021. While management is optimistic about sustained demand from data centers, infrastructure, and the border fence project, we believe current steel pricing dynamics reflect an unsustainable peak. Import penetration has fallen to 15%, aided by aggressive trade enforcement, which has tightened domestic supply and elevated prices. However, we expect competitive pressures to reassert as new capacity starts up in the U.S (including NUE's own West Virginia sheet mill ramping through 2027-2028) adding supply into potentially softer markets. We view the risk/reward as unfavorable at current levels.

$NUE

Wire55d ago

DA Davidson Cuts Domino's Pizza Price Target to $423 From $436, Maintains Buy Rating

Domino's Pizza (DPZ) has an average rating of overweight and mean price target of $422.03, according to analysts polled by FactSet.Price: $330.00, Change: $-10.46, Percent Change: -3.07%

$DPZ

Wire55d ago

Wells Fargo Adjusts Stanley Black & Decker Price Target to $80 From $75, Maintains Equal Weight Rating

Stanley Black & Decker (SWK) has an average rating of hold and mean price target of $86.85, according to analysts polled by FactSet.Price: $75.04, Change: $-3.30, Percent Change: -4.21%

$SWK

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Asia Markets55d ago

US Equity Indexes Fall Amid Surge in Crude Oil, Treasury Yields as Iran Peace Deal Proves Elusive

Dow JonesNasdaq CompositeS&P 500$AMZN$GOOG$GOOGL$META$MSFT