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Sector Update: Health Care Stocks Edge Higher Tuesday Afternoon

Health care stocks edged up Tuesday afternoon, with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF (XLV) each adding 0.2%.The iShares Biotechnology ETF (IBB) shed 0.6%.In corporate news, Pfizer (PFE) said Tuesday it entered into settlement agreements with three generic drug manufacturers regarding lawsuits filed in the US District Court for the District of Delaware for patent infringement related to Vyndamax, a cardiomyopathy transthyretin-mediated amyloidosis treatment. Pfizer shares were down 0.8%.Eli Lilly (LLY) has entered into a strategic partnership with Profluent to develop AI-designed recombinases for genetic medicines, Profluent said Tuesday. Lilly shares decreased 0.2%.Novartis (NVS) reported Q1 core earnings Tuesday of $1.99 per share, down from $2.28 a year earlier. Analysts polled by FactSet expected $2.19. Net sales for the quarter ended March 31 were $13.11 billion, down from $13.23 billion a year earlier. For 2026, the company said it continues to expect a low-single-digit core operating income decline. Novartis shares were fractionally lower.

$LLY$NVS$PFE

Sectors55d ago

Update: Gold Falls to a Month Low as Surging Oil Prices Threaten to Hike Inflation and Stall Growth

(Updates prices.)Gold traded at a month low midafternoon Tuesday as rising oil prices threaten to boost inflation and raise interest rates, while the dollar and treasury yields moved higher.Gold for June delivery was last seen down US$82.80 to US$4,610.90 per ounce, the lowest since March 30.The drop comes as the Federal Reserve's Federal Open Market Committee begins its two-day meeting that ends with a decision on interest rates. While the committee is widely expected to leave rates unchanged, it comes as oil prices surge with the war on Iran choking off 20% of daily supply from Persian Gulf nations, boosting inflation while stalling global growth."The stagflationary impact of the energy crisis, combined with mounting fiscal debt concerns and an ongoing de-dollarisation trend, remains supportive over the longer term, with these drivers currently being overshadowed by the market's near-term focus on oil-driven inflation," Saxo Bank noted.The dollar roserly, with the ICE dollar index last seen up 0.12 points to 98.62. Treasury yields were also higher, bearish for gold since it pays no interest. The U.S. two-year note was last seen paying 3.85%, up 4.7 basis points, while the yield on the 10-year note was up 1.8 points to 4.363%.

$GCM6$GLD

Sectors55d ago

Sector Update: Consumer Stocks Mixed Tuesday Afternoon

Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.7%.Redbook US same-store sales rose by 7.7% from a year earlier in the week ended April 25 after a 6.7% year-over-year increase in the previous week, with sales benefitting from an extra selling day this year compared with last year due to the timing of Easter.In corporate news, Coca-Cola (KO) lifted its full-year earnings growth outlook on Tuesday as the beverages giant posted fiscal Q1 results above market expectations amid pricing and volume gains. Its shares jumped past 5%.General Motors (GM) raised its full-year earnings outlook and trimmed its tariff hit forecast on Tuesday, as the automaker reported an unexpected year-over-year increase in its Q1 bottom line. GM shares added 0.2%.Walt Disney's (DIS) broadcast licenses may be headed for review by the US Federal Communications Commission, Semafor reported Tuesday. Disney shares were down 0.6%.Copa's (CPA) Copa Airlines reached a $13.5 billion deal with Boeing (BA) to incorporate up to 60 of the airplane maker's 737 Max jets over the next eight years, Reuters reported. Copa shares shed 0.6%.

$CPA$DIS$GM$KO

Wire55d ago

Top Midday Gainers

Sanmina (SANM) reported late Monday fiscal Q2 adjusted earnings and revenue above market expectations, with sales more than doubling.Shares climbed 13% as intraday trading volume jumped to over 2.20 million from a daily average of about 779,000.Kforce (KFRC) reported late Monday better-than-expected Q1 results, with its Q2 guidance for earnings and revenue also exceeding market expectations.Shares surged 45%, with intraday trading volume of over 945,000 against a daily average of roughly 282,000.Axogen (AXGN) shares jumped 7% after the company reported Tuesday a swing to Q1 adjusted EPS from a a loss a year earlier following a surge in revenue.More than 1.75 million shares traded intraday, compared with a daily average of about 1.03 million.Price: $212.30, Change: $+24.22, Percent Change: +12.88%

$AXGN$KFRC$SANM

Wire55d ago

American Electric Power Keeps Quarterly Dividend at $0.95 a Share, Payable June 10 to Shareholders of Record on May 8

$AEP

Wire55d ago

Citigroup Lifts Price Target on Pfizer to $27 From $26, Maintains Neutral Rating

Pfizer (PFE) has an average rating of hold and mean price target of $28.90, 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: $26.61, Change: $-0.18, Percent Change: -0.69%

$PFE

Wire55d ago

HSBC Raises Hilton Worldwide Price Target to $387 From $353

Hilton Worldwide (HLT) has an average rating of overweight and mean price target of $346.91, 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: $326.62, Change: $-5.83, Percent Change: -1.76%

$HLT

Research55d ago

Research Alert: CFRA Keeps Buy On Celestica: Tremendous Fundamental Momentum & Cpo Program Win

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Q1 2026 was a double beat for CLS, and we maintain our Buy rating. More impressive than the beats was that guidance for 2026 was significantly increased from just a quarter ago. The 2026 revenue guidance was raised to $19.0B (from $17.0B) and adjusted EPS was increased to $10.15 (from $8.75), representing over $6.5B in revenue growth for the year. Additionally, its first CPO program was won with a hyperscaler, indicating the importance of CLS proprietary tech and cutting edge solutions (1.6T, optics). We increased our target price to CAD565 from CAD504. This is derived from our unchanged earnings multiple of 30x and unchanged EBITDA multiple of 24x our 2027 projections. We now expect revenue growth of +50% in 2026 and ~35% in 2027, with incremental operating leverage. We increase our 2026 EPS to $10.20 (from $9.18) and 2027's to $13.92 (from $11.98).

$CLS

Wire55d ago

Dynatrace Engages With Starboard Value After Shareholder Letter

Dynatrace (DT) said Tuesday it is engaging with Starboard Value after it issued a shareholder letter outlining operational and valuation concerns.The company said members of its board and management have recently held introductory meetings with Starboard and will continue discussions to better understand its views on the business.Dynatrace said it will continue reviewing strategic opportunities and capital allocation priorities with a focus on long-term shareholder returns.Shares of Dynatrace were up 2.1% in Tuesday trading.Price: $36.35, Change: $+0.73, Percent Change: +2.06%

$DT

Wire55d ago

Truist Securities Lowers Brown & Brown Price Target to $90 From $100, Buy Rating Kept

Brown & Brown (BRO) has an average rating of hold and mean price target of $79.27, 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: $62.95, Change: $-3.17, Percent Change: -4.79%

$BRO

Sectors55d ago

Sector Update: Financial

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.5%.The Philadelphia Housing Index was decreasing 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.6%.Bitcoin (BTC-USD) was falling 1.5% to $76,184, and the yield for 10-year US Treasuries rose 2.6 basis points to 4.36%.In corporate news, JPMorgan Chase (JPM) was selected as the first global banking partner of the Olympic Games, the company and the International Olympic Committee said Tuesday. Separately, JPMorgan is joining HSBC (HSBC) in providing a $6 billion financing for potential suitors of a stake in Kuwait Petroleum's crude oil pipeline network, Reuters reported. JPMorgan shares rose 0.3%, and HSBC was steady.

$HSBC$JPM

Mining & Metals55d ago

Nicola Mining Starts Exploration Drilling at Its Flagship New Craigmont Copper Project

Nicola Mining (NIM.V) on Tuesday said it launched its 2026 exploration diamond-drilling program at its New Craigmont Copper project, near Merritt, British Columbia.The company's 2026 plans include drilling an exploration hole to directly test the ZTEM anomaly and evaluate its potential as a core of a porphyry-skarn system. It notes, however, that New Craigmont "has the potential of hosting multiple porphyries, as highlighted by the adjacent Highland Valley Copper".Drilling at the Jotun target is expected to provide "valuable" geological information to support ongoing target development, including improved understanding of alteration assemblages, structural controls, lithological contacts, and mineralization, which are critical components in advancing exploration of a potential porphyry copper system at New Craigmont. The estimated budget for the 2026 program is $1.5 million, which includes a geophysical survey and a soil sampling campaign.The company expects drilling to conclude in early June before starting another drilling program at its Treasure Mountain silver project. It also expects to have its thermal vectoring dataset fully processed during the season, which will support further interpretation of hydrothermal alteration patterns and help guide decisions on whether to continue expanding this work with additional data collection in the following year.Shares of the company were last seen down $0.02 to $0.77 on the TSX Venture Exchange.Price: $0.77, Change: $-0.02, Percent Change: -2.53%

$NIM.V

Wire55d ago

Jefferies Adjusts Price Target on Pfizer to $35 From $34, Maintains Buy Rating

$PFE

Wire55d ago

Market Chatter: Amazon to Sell OpenAI Models as Microsoft Drops Exclusive Rights

Amazon.com (AMZN) plans to make OpenAI's artificial-intelligence models available to its customers after Microsoft (MSFT) relinquished its exclusive rights to resell the ChatGPT maker's products, Bloomberg reported Tuesday, citing Amazon Web Services CEO Matt Garman in a Bloomberg Television interview.(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: $258.22, Change: $-2.85, Percent Change: -1.09%

$AMZN$MSFT

Mining & Metals55d ago

Air Canada Price Target Cut to $25.50 at Stifel Canada

Stifel Canada trimmed its price target on Air Canada (AC.TO) shares to $25.50 from $28.00 while maintaining its buy rating ahead of the company reporting its first-quarter results after market close on April 30.Analyst Daryl Young expects the results to be relatively strong, despite challenges related to winter storms, Cuba fuel crises, Mexico safety disruptions, and the Middle East conflict. "However, the key focus will be the durability of demand and pace of fuel price pass-through heading into the peak Q3 period (traditionally >40% of EBITDA)."Young believes demand has remained resilient. Air Canada is also well-positioned versus smaller Canadian peers given its scale, flexible fleet, and segmented offering, he points out."We expect AC to lower its full-year 2026 guidance alongside Q1/26 results or possibly withdraw it altogether, in favour of quarter-to-quarter guidance pending fuel price stability."Price: $18.30, Change: $-0.22, Percent Change: -1.19%

$AC.TO

US Markets55d ago

Consumer Confidence Logs Surprise Gain Despite High Gas Price Concerns, Conference Board Survey Shows

US consumer confidence unexpectedly rose in April amid an improvement in labor market perceptions, though there were concerns about elevated gasoline prices driven by the Middle East conflict, a survey by the Conference Board showed Tuesday.The consumer confidence index moved up to 92.8 this month from March's upwardly revised reading of 92.2. The consensus was for an 89 print in a Bloomberg survey. The Conference Board said its survey ran from April 1 through April 22, a period that included a temporary two-week ceasefire in the Middle East conflict starting April 8."Consumer confidence edged up in April, but was overall little changed, despite material concern about rising gasoline prices as the war in the Middle East prompted a surge in Brent crude oil prices," Conference Board Chief Economist Dana Peterson said.Consumer appraisals of current and expected business conditions fell this month, offset by "modest improvements" in perceptions of the labor market, both existing and projected, as well as income expectations, Peterson said.Energy prices have surged following the US-Israel war with Iran that started at the end of February, with the crucial Strait of Hormuz effectively closed. The narrow waterway is the world's most important chokepoint for crude flows. The conflict paused following a recent ceasefire between the US and Iran and later between Israel and Lebanon.US retail gasoline prices averaged $4.176 per gallon Tuesday, compared with $3.150 a year ago, according to data from AAA, a travel organization that tracks fuel prices in the country.The present situation measure dropped 0.3 points sequentially to 123.8 in April, while the expectations component increased 1.2 points to 72.2, the Conference Board said.Consumers' average and median one-year inflation expectations "ticked downward" this month, but remained elevated, according to the survey.On Friday, a survey by the University of Michigan showed that US consumer sentiment this month improved from an initial April estimate, but remained at a record low as near-term inflation expectations logged the biggest monthly increase in a year.

Sectors55d ago

Sector Update: Energy

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.7% and the State Street Energy Select Sector SPDR ETF (XLE) climbing 1.8%.The Philadelphia Oil Service Sector Index was increasing 0.2%, and the Dow Jones US Utilities Index was up 0.1%.In sector news, the United Arab Emirates will leave the Organization of the Petroleum Exporting Countries and its more expanded version, OPEC+, effective May 1, the Emirates News Agency reported.This comes as Iran's latest proposal to end the war in the Middle East has still not won President Donald Trump's backing, leaving the deadly conflict in a continuing state of deadlock, Reuters reported Tuesday, citing an unnamed US official.Front-month West Texas Intermediate crude oil jumped 4.1% to $100.32 a barrel, and the global benchmark Brent crude contract rose 2.7% to $111.16 a barrel. Henry Hub natural gas futures decreased 0.1% to $2.55 per 1 million BTU.In corporate news, BP (BP) shares gained 1.3%. The company reported Q1 underlying replacement cost profit Tuesday of $1.24 per American depositary share, up from $0.53 a year earlier. Sales and other operating revenue for the quarter totaled $52.26 billion, up from $46.91 billion a year earlier. Analysts polled by FactSet expected $49.4 billion.

$BP

Sectors55d ago

Sector Update: Tech

Tech stocks fell Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) dropping 2.2% and the State Street SPDR S&P Semiconductor ETF (XSD) slumping 4.9%.The Philadelphia Semiconductor index shed 4.2%.In corporate news, OpenAI recently missed its own targets for new users and revenue, The Wall Street Journal reported, citing unnamed sources. "The WSJ in part frames this story as a concern for datacenter spend, with OpenAI having over invested while sales are slowing," Wedbush analyst Matt Bryson said in a note. "We believe infrastructure demand remains robust, driven in large part by (artificial intelligence) usage growth, creating a broad based demand driver for semiconductor and component vendors." Tech bellwether Nvidia (NVDA) fell 2.9%, Broadcom (AVGO) dropped 5.1%, Advanced Micro Devices (AMD) shed 3.8%, Oracle (ORCL) lost 3.7%, and Intel (INTC) was down 2.9%.

$NVDA

Mining & Metals55d ago

Paragon Advanced Labs Doubling Geochemical Analysis Capacity at Its Nevada Facility

Paragon Advanced Labs (PALS.V) will soon complete a significant expansion of geochemical-analysis capacity at its Sparks, Nevada, laboratory facility, the company said on Tuesday.The expansion "effectively doubles" the facility's geochem throughput and positions the company to meet anticipated client demand across Nevada and the broader Paragon network, it added."The expansion includes a laboratory reconfiguration to optimise analytical workflow, as well as continued improvement of quality assurance and quality control protocols, to underpin consistent and reliable results," said the company.The company's shares were last seen down $0.08 to $3.30 on the TSX Venture Exchange.Price: $3.30, Change: $-0.08, Percent Change: -2.37%

$PALS.V

Sectors55d ago

Update: UAE to Leave OPEC, OPEC+ on May 1

(Updates with confirmation from ADNOC chief executive in the second paragraph.)The United Arab Emirates will leave the Organization of the Petroleum Exporting Countries and OPEC+, effective May 1, the Emirates News Agency said in a Tuesday statement.The UAE has made a sovereign choice aligned with its long-term energy strategy, its true production capacity, and its national interests, while also considering global energy market stability, Abu Dhabi National Oil Co., or ADNOC, Chief Executive Sultan Al Jaber, who is also UAE minister of industry and advanced technology, said in a post on X.This decision reflects the UAE's long-term vision and dynamic energy profile, including investments in domestic energy production, Suhail Al Mazrouei, minister of energy and infrastructure, said in a Tuesday post on X.Upon departure, the UAE will bring additional production to market gradually based on demand conditions, and continue working with partners to drive economic growth and diversification, according to the state-owned news agency.The UAE energy ministry, the Saudi energy ministry, OPEC, and IEA didn't immediately respond to requests for comment from.

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US Markets55d ago