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Research Alert: CFRA Maintains Buy Opinion On Shares Of Union Pacific 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 price by $19 to $321, or 23.3x our 2027 EPS estimate, in line with peers, which are trading at an average forward P/E of 23.3x but a premium to UNP's average forward P/E during the last three years of 19.8x. We raise our 2026 EPS estimate by $0.06 to $12.66 and 2027 by $0.23 to $13.77. UNP reaffirmed its commitment to attaining a high-single-digit to low-double-digit EPS CAGR through 2027 with industry-leading operating ratio and return on invested capital. The company achieved record Q1 operating and productivity metrics, including best-ever terminal dwell (19.7 hours) and locomotive productivity. Management affirmed 2026 guidance despite fuel price headwinds, expecting pricing dollars to exceed inflation. The pending Norfolk Southern merger, targeting Q2 2027 STB approval, would create America's first transcontinental railroad, eliminating 2,400 daily handoffs and converting 10,000 lanes to single-line service.

$UNP

Insider Trading56d ago

Walmart Insider Sold Shares Worth $2,566,987, According to a Recent SEC Filing

C Douglas McMillon, Director, on April 23, 2026, sold 19,416 shares in Walmart (WMT) for $2,566,987. Following the Form 4 filing with the SEC, McMillon has control over a total of 5,253,701 common shares of the company, with 4,193,995 shares held directly and 1,059,706 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/104169/000133578226000014/xslF345X05/wk-form4_1777064792.xml

$WMT

Commodities56d ago

Kinder Morgan Q1 Earnings Beat Estimates, Lifts 2026 Outlook, RBC Says

Kinder Morgan's (KMI) Q1 earnings exceeded expectations, supported by stronger volumes, winter weather tailwinds and firmer commodity prices, RBC Capital Markets strategists said in a note on Friday.RBC analysts said it now expects 2026 adjusted EBITDA to come in at least 3% above its prior budget, reflecting stronger operating conditions across its network.However, despite the upbeat results, Kinder Morgan shares edged lower following the release, which analysts attributed to limited backlog growth, uncertainty surrounding its Western Gateway project and investor positioning ahead of other earnings in the sector.The broader midstream space has continued to outperform this year. The Alerian MLP Index rose 1.6% in the week ended April 23, outpacing the S&P 500, which gained 1%. Year-to-date, the midstream benchmark is up 14.5%, compared with a 3.8% rise in the S&P 500.RBC said that strength in the sector has been supported by steady cash flows and growing demand for natural gas infrastructure, even as commodity prices remain volatile.Front-month West Texas Intermediate crude rose about 2% on the week to about $97 per barrel, while Henry Hub natural gas prices slipped about 2% to $2.59 per million British thermal units.Cheniere Energy (LNG), in contrast, declined 2.1%, in what RBC analysts said could reflect positioning ahead of earnings and a rotation into other midstream names.Master limited partnerships modestly outperformed C-corporations during the week, with MLPs up 1.2% versus a 1% gain for corporates.Going forward, investors are focused on upcoming earnings from Enterprise Products Partners (EPD) and Oneok (OKE), both scheduled to report on April 28.Market participants will be watching for commentary on the impact of higher commodity prices, producer activity, project ramp-ups, export demand and capital allocation plans, as well as the effects of winter weather and evolving price spreads across key basins.RBC analysts flagged potential read-throughs for other operators, including Williams Companies (WMB), Energy Transfer (ET), Targa Resources (TRGP) and Sunoco (SUN), citing expected tailwinds from seasonal demand, marketing optimization and commodity price volatility.

$EPD$ET$KMI$LNG$OKE$SUN$TRGP$WMB

Mining & Metals56d ago

Altus Group Completes C$200 Million Share Buyback

Altus Group (AIF.TO) bought back nearly 3.85 million of its shares at C$52 each under a share repurchase program, for an aggregate purchase price of about C$200 million, the company said Friday.After the buyback, the company now has about 35.8 million shares outstanding. "Since the SIB was oversubscribed, shareholders who made auction tenders at or below the purchase price and shareholders who made, or were deemed to have made, purchase price tenders had approximately 87.13% of their successfully tendered shares purchased by Altus Group," it said.Payments for the shares are expected to be completed around April 29 and any shares not purchased will be returned to shareholders, the company said, adding that it also plans to continue buying back shares under a separate ongoing program through early 2027.Shares in AIF were down $0.70 or 1.5% today.

$AIF.TO

US Markets56d ago

Nasdaq, S&P 500 Reach New Peaks Amid Tech Rally, Log Weekly Gains

The Nasdaq Composite and the S&P 500 hit all-time peaks as technology stocks rallied on Friday, while traders turned hopeful for a new round of US-Iran peace talks.The Nasdaq rose 1.6% to 24,836.6, while the S&P 500 climbed 0.8% to 7,165.1, both notching new closing highs. The Dow Jones Industrial Average fell 0.2% to 49,230.7. Technology paced the gainers with a 2.5% jump, while health care saw the biggest drop.This week, the Nasdaq advanced by 1.5%, while the S&P 500 added 0.5% -- marking their fourth consecutive weekly advance. The Dow posted a weekly loss of 0.4%."Equity markets were mixed this week with volatility settling down, and equity investors seemingly putting the conflict in Iran behind them despite ongoing uncertainties," Robert Kavcic, senior economist at BMO Capital Markets, said in a report."Despite the trade war and Iran conflict, the market keeps finding a footing thanks to the large-scale (artificial intelligence) buildout, strong productivity growth and robust earnings," Kavcic said.Intel shares soared nearly 24%, the best performer on the S&P 500. Late Thursday, the chipmaker delivered a first-quarter beat amid artificial intelligence-driven demand for its products. The company issued an upbeat outlook for the ongoing quarter.Intel's post-earnings commentary suggests revenue upside potential for 2026, UBS Securities said in a note.Several other major tech stocks also advanced. Nvidia (NVDA) shares jumped 4.3%, the top gainer on the Dow, followed by Amazon.com's (AMZN) 3.5% increase. Advanced Micro Devices (AMD) and Qualcomm (QCOM) were up by double-digit percentage each, both among the best S&P 500 performers.Charter Communications (CHTR) reported first-quarter earnings below Wall Street's estimates as revenue declined annually, driven by weakness in the residential video and Internet segments. The company's shares plunged nearly 26%, the steepest decline on the S&P 500.West Texas Intermediate crude was last down 0.5% at $95.33 per barrel, while Brent rose 1.3% to $106.44.US special envoy Steve Witkoff and Jared Kushner will travel for Pakistan Saturday for a fresh round of talks with Iran, White House Press Secretary Karoline Leavitt said on Friday.Iran's Foreign Minister Seyed Abbas Araghchi has arrived in Pakistan.US Treasury yields were lower, with the 10-year rate down two basis points at 4.31% and the two-year rate falling 6.3 basis points to 3.78%.In economic news, US consumer sentiment 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, final University of Michigan survey results showed."The Iran conflict appears to influence consumer views primarily through shocks to gasoline and potentially other prices," Surveys of Consumers Director Joanne Hsu said. "In contrast, military and diplomatic developments that do not lift supply constraints or lower energy prices are unlikely to buoy consumers."About three in every five US consumers plan to cut discretionary spending as a result of high gasoline prices, with a majority considering a pullback in outlays on travel and entertainment, according to an Oppenheimer survey.Gold was last down 0.1% at $4,721.70 per troy ounce, while silver gained 0.5% to $75.85 per ounce.

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Mining & Metals56d ago

Torrent Gold Appoints Saf Dhillon as President and Chief Executive Officer; Dhillon Replaces Richard Cindric, Who Will Remain With the Company As Director

$TGLD.CN

Insider Trading56d ago

Sonoco Products Insider Bought Shares Worth $399,998, According to a Recent SEC Filing

Paul Joachimczyk, CFO, on April 24, 2026, executed a purchase for 8,058 shares in Sonoco Products (SON) for $399,998. Following the Form 4 filing with the SEC, Joachimczyk has control over a total of 28,558 common shares of the company, with 28,558 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/91767/000122520826004596/xslF345X05/doc4.xml

$SON

Commodities56d ago

Market Chatter: Pakistan Turns to Spot LNG Market Amid Supply Crunch

Pakistan has purchased LNG cargo from the spot market for the first time in over two years, as it moves to ease a supply shortfall linked to ongoing conflict in the Middle East, Bloomberg reported on Friday, citing traders familiar with the matter.State-run Pakistan LNG secured a shipment from TotalEnergies (TTE) for delivery April 27-30 through a tender that closed on Friday. The company declined to award two additional cargoes sought in the same tender.Pakistan LNG, TotalEnergies and the Pakistani Ministry of Energy did not immediately reply to a request for comment by.The purchase marks a shift for Pakistan, which has largely relied on long-term contracts, primarily with Qatar, for its LNG needs. The country has not received an LNG shipment since early March following the closure of the Strait of Hormuz, a critical transit route for global energy supplies.Bloomberg said ship-tracking data indicate that four Qatari LNG cargoes designated for Pakistan have remained stranded in the Persian Gulf since the conflict began in late February.TotalEnergies reportedly sold the cargo at $18.88 per million British thermal units, more than double the price Pakistan typically pays under its long-term contract with Qatar.Asian LNG spot prices have surged roughly 70% compared with pre-conflict levels, as the closure of the Strait of Hormuz has disrupted flows representing about one-fifth of global LNG supply, the report said.(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.)

$TTE

Equities56d ago

Heidmar Maritime Gets Nasdaq Notice Over Minimum Bid Price

Heidmar Maritime (HMR) said Friday it received a notice from Nasdaq indicating the company is not in compliance with the exchange's minimum bid price requirement after its shares traded below $1 per share for 30 consecutive business days.The company said it has until Oct. 19, 2026, to regain compliance with the requirement.Heidmar said it intends to monitor its share price and consider available options to regain compliance within the allowed timeframe. Its shares will continue to trade on Nasdaq during the grace period and the notice does not affect the company's business operations.Shares of Heidmar Maritime were down 3.6% in after-hours trading.

$HMR

Research56d ago

Research Alert: CFRA Drops Coverage On Shares Of Park Hotels & Resorts Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Effective today, CFRA is discontinuing equity research coverage of Park Hotels & Resorts Inc. (PK). This decision reflects limited institutional investor interest and the company's relatively small market capitalization of approximately $2.3 billion, which does not align with our current coverage priorities. Our most recent rating on PK was 3-STARS (Hold) with a $12 target price, published on February 23, 2026. At the time of discontinuation, the stock trades at $11.20, representing a forward P/FFO of approximately 6.2x our 2026 FFO estimate of $1.81. Clients with questions regarding this decision may contact their CFRA representative.

$PK

US Markets56d ago

Comcast Has Limited Upside Potential Amid Broadband Competition, Deutsche Bank Says

Comcast's (CMCSA) share price has limited upside potential from here on out amid a challenging competitive environment for broadband, Deutsche Bank said in a note emailed Friday.The brokerage downgraded its rating on Comcast's stock to hold from buy and reduced the 12-month price target to $34 from $35.The media and connectivity giant's share price plunged 13% to $27.56 on Friday, a day after stronger-than-expected first-quarter results drove a a 7.7% rise. The stock logged a 6.1% gain in the week starting April 12.Deutsche Bank sees "limited upside" to reach the $34 price target, given recent stock price appreciation, Analyst Bryan Kraft said. The strong first-quarter performance is unlikely to be "fully repeatable over the next few quarters," Kraft said.The brokerage said that broadband competition is intensifying as telecommunication providers AT&T (T) and Verizon (VZ) expand their fiber networks, while low Earth orbit satellite constellations seek to gain market share.Additionally, mobile network operators are purchasing more spectrum to increase capacity and grow their fixed wireless subscriber bases, Kraft wrote.Comcast's first-quarter results were driven by a $2.2 billion boost from the Milan Cortina Olympics and Super Bowl LX. The company's first-quarter revenue increased 5.3% annually to $31.46 billion."We believe valuation is now at a fair level given what we see as a muted growth outlook over the next few years in both consolidated (earnings before interest, taxes, depreciation, and amortization) and (free cash flow)," Kraft added.

$CMCSA

Equities56d ago

S&P 500 Posts Fourth Consecutive Weekly Gain, Hits New Highs

The Standard & Poor's 500 index rose 0.55% this week to another round of fresh highs, led by the energy and technology sectors as oil prices climbed and Intel's (INTC) earnings topped views.The S&P 500 ended Friday's session at 7,165.08, its highest closing level yet. The market benchmark also reached a fresh intraday high on Friday at 7,168.59.This marks the S&P 500's fourth weekly gain in a row. It's up 9.8% for April and 4.7% for the year.US retail sales last month logged the largest rise since March 2025, data released earlier this week showed. The increase, however, came amid a surge in spending at gasoline station as the Middle East conflict led to higher prices.US consumer sentiment improved from an initial April estimate, and consumer sentiment remained at a record low as near-term inflation expectations logged the biggest monthly increase in a year, according to final University of Michigan survey results.The energy sector led the week's advance, rising 3.2%, followed by a 3.1% increase in technology and a 1.2% rise in consumer staples. Utilities and materials also edged higher.The energy sector's increase came as crude oil futures rose amid continued uncertainty in the Middle East.Baker Hughes (BKR) had the largest percentage gain in the energy sector, climbing 15% as the company reported Q1 adjusted earnings and revenue above analysts' mean estimates.The technology sector was boosted by stronger-than expected first-quarter results from Intel amid artificial intelligence-driven demand. The chip maker also issued an upbeat Q2 outlook. Its shares jumped 21% on the week.On the downside, health care fell 3.1%, followed by a 1.9% drop in financials and a 1.5% slip in real estate. Communication services, industrials and consumer discretionary also edged lower.HCA Healthcare (HCA) led the decliners in health care, falling 11%. The hospital operator's first-quarter results exceeded market expectations but the company also said it didn't experience its typical increase in seasonal volume during the quarter, mainly due to a drop in admissions related to respiratory issues.Thermo Fisher Scientific (TMO) also lost 11%. The medical device manufacturer raised its full-year outlook as first-quarter results came in stronger than expected, but investors were disappointed by its organic growth, which fell short of analysts' estimates.Next week's earnings calendar features a number of large companies including Google parent Alphabet (GOOG), Microsoft (MSFT), Amazon.com (AMZN), Facebook parent Meta Platforms (META), Apple (AAPL), Eli Lilly (LLY), Mastercard (MA), Caterpillar (CAT), Merck (MRK), Berkshire Hathaway (BRK.A, BRK.B), Verizon Communications (VZ), Visa (V) and Coca-Cola (KO).Economic data will include Q1 gross domestic product, March personal consumption expenditures and April consumer confidence, among other reports.The Federal Reserve's Federal Open Market Committee will hold a two-day rate policy meeting, concluding on Wednesday.

Dow JonesNasdaq CompositeS&P 500$BKR$HCA$INTC$TMO

Commodities56d ago

Europe Electricity Prices Slide to Multi-Year Lows on Solar Spike, Bloomberg Analysis Says

French power prices dropped to minus 188.98 euros ($221.5) per megawatt-hour, the lowest since 2013, as solar output surged across Europe, according to a Bloomberg analysis on Friday.Solar output rose sharply this week as clear skies and cooler temperatures improved panel efficiency across western Europe, the analysis said.Production is expected to remain above seasonal norms through the weekend, supported by favorable weather conditions, the analysis added, citing MetDesk.France has rapidly expanded solar capacity, more than doubling installations over the past four years, according to BloombergNEF data, cited in the analysis.Midday supply has increasingly outpaced demand as solar generation peaks, pushing power prices into negative territory across several European markets, the analysis said.Grid constraints and limited storage capacity have restricted the system's ability to absorb excess electricity, forcing operators to scale back production to maintain balance, the analysis added.Germany may see solar output reach a record 54 gigawatts on Saturday, with additional support from strong wind generation, according to the analysis.Power prices in Germany's day-ahead market dropped to minus 190.87 euro per megawatt-hour, the lowest level in more than a year, the report said.The UK has also recorded strong solar output, with generation expected to reach around 13 GW over the weekend after setting a record earlier this week, the report added.

Research56d ago

Research Alert: CFRA Raises Rating On Shares Of Digital Realty Trust, Inc. To Buy 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 by $40 to $230, on a forward P/FFO of 28.0x, a premium to the three-year forward average of 21.9x. We lift our 2026 FFO estimate by $0.24 to $8.20 and increase 2027 by $0.17 to $9.06. We believe DLR's premium is justified given the accelerating growth of AI spend and management's history of executing on data center developments at yields over 10% historically combined with a record backlog. DLR continues to benefit from the accelerating demand for data centers related to AI growth with its strongest 0-1MW quarter ever totaling $98M in new signings. Total backlog of signed, but not commenced leases has reached a new record of $1.8B providing visibility into 2027-2028 growth. The development pipeline was up 50% Q/Q to 1.2GW under construction with 61% pre-leased at an attractive 11.4% yield. We believe DLR is likely to continue benefiting from interconnection and low-latency data center demands with favorable re-leasing spreads for renewals of its core operating portfolio.

$DLR

Asia Markets56d ago

Nasdaq, S&P 500 Touch All-Time Highs as Intel Lifts Tech, Stage Set for Iran Peace Talks This Weekend

The Nasdaq Composite and the S&P 500 hit records on Friday as Intel's (INTC) blowout Q1 results galvanized the technology sector amid reports that the White House is sending its Iran peace envoys to Pakistan for talks this weekend.The Nasdaq was up 1.6% to 24,836.60, after touching a record 24,854.04 intraday. The S&P 500 was up 0.8% to 7,165.08, after hitting a peak of 7,168.59 earlier in the session. The Dow Jones Industrial Average declined 0.2% to 49,230.71 at the close, as health care, industrials, and financials led the decliners.Intel shares soared 24%, the top gainer on the S&P 500 and the Nasdaq, after the company reported higher fiscal Q1 adjusted earnings and revenue. The chipmaker issued a fiscal Q2 outlook above market expectations. Nvidia (NVDA), Advanced Micro Devices (AMD), and Arm (ARM) were among the biggest outperformers across the S&P 500 and the Nasdaq.Iran's Foreign Minister Abbas Araghchi, the main mediator between Tehran and Washington, arrived in Islamabad, according to The Wall Street Journal. US envoys Steve Witkoff and Jared Kushner will travel to Pakistan on Saturday to participate in direct talks with Iran, CNN cited the White House.There is, however, no confirmation yet that American delegates will meet directly with Araghchi, according to both publications. US Vice President JD Vance will be on standby to travel if there is progress in the negotiations, a White House official told the WSJ.West Texas Intermediate crude oil futures fell 1% to $94.87, while Brent crude futures rose 0.8% to $105.95. Both WTI and Brent were up more than 1.5% each earlier in the session.In precious metals, gold futures rose 0.1% to $4,726.8, and silver futures climbed 0.5% to $75.91, after both traded lower earlier in the session.In economic news, the University of Michigan consumer sentiment index was revised up to 49.8 for April from 47.6 preliminary, compared with expectations for 48.5 in a Bloomberg-compiled survey. The index remains below the final 53.3 print in March. Respondents expected a 4.7% inflation rate over the next year and 3.5% annual inflation over the next five years, up from 3.8% and 3.2%, respectively, in March.US Attorney General for DC Jeanine Pirro said Friday on X that she has ordered her office to close its investigation into Federal Reserve Chair Jerome Powell. The Inspector General for the Federal Reserve has been asked to scrutinize cost overruns related to building construction, Pirro said. The move likely brings Kevin Warsh closer to taking over from Powell next month.Most US Treasury yields fell, with the 10-year slipping 1.5 basis points to 4.31% and the two-year dropping 4.2 basis points to at 3.78%.

Dow JonesNasdaq CompositeS&P 500$AMD$ARM$INTC$NVDA

Insider Trading56d ago

United Therapeutics Insider Sold Shares Worth $1,655,790, According to a Recent SEC Filing

Christopher Patusky, Director, on April 24, 2026, sold 2,910 shares in United Therapeutics (UTHR) for $1,655,790. Following the Form 4 filing with the SEC, Patusky has control over a total of 2,590 common shares of the company, with 1,490 shares held directly and 1,100 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1082554/000123142726000002/xslF345X05/primarydocument.xml

$UTHR

Insider Trading56d ago

United Therapeutics Insider Sold Shares Worth $5,437,340, According to a Recent SEC Filing

Martine A Rothblatt, Director, Chairperson & CEO, on April 23, 2026, sold 9,500 shares in United Therapeutics (UTHR) for $5,437,340. Following the Form 4 filing with the SEC, Rothblatt has control over a total of 679,797 common shares of the company, with 40,513 shares held directly and 639,284 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1082554/000110657826000039/xslF345X05/primarydocument.xml

$UTHR

Insider Trading56d ago

United Rentals Insider Sold Shares Worth $22,425,934, According to a Recent SEC Filing

Matthew John Flannery, Director, President & CEO, on April 24, 2026, sold 22,768 shares in United Rentals (URI) for $22,425,934. Following the Form 4 filing with the SEC, Flannery has control over a total of 99,980 common shares of the company, with 99,980 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1067701/000119312526177433/xslF345X05/ownership.xml

$URI

Insider Trading56d ago

United Therapeutics Insider Sold Shares Worth $5,723,438, According to a Recent SEC Filing

James Edgemond, CFO and Treasurer, on April 23, 2026, sold 10,000 shares in United Therapeutics (UTHR) for $5,723,438. Following the Form 4 filing with the SEC, Edgemond has control over a total of 18,876 common shares of the company, with 18,876 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1082554/000163617826000012/xslF345X05/primarydocument.xml

$UTHR

Commodities56d ago

Outside Investors Maintain Bullish Grip in Biofuels Futures, Options Markets, CFTC Says

Money managers remain bullish or net long in the biofuel futures and options markets, according to the Commodities Futures Trading Commission's weekly Commitments of Traders Report.The weekly COT Report, as of the week ending April 21, showed that money managers are net long, a bet that the market will go higher, in the California Low Carbon Fuel Standard market by 60,058 contracts.The COT report showed that money managers are holding a net long position of 1,115 contracts in the D6 RINS Current Year futures and options markets.In the D4 biodiesel RINS Current Year futures and options markets, money managers hold a net long position of 3,225.For ethanol, money managers are net long by 6,519 contracts in the futures and options markets.Money managers are net long soybean oil futures and options by 165,444 contracts, after adding 20,033 longs and adding 2,908 short positions from a week ago.Money managers are net short the Malaysian palm oil futures by 865 contracts.

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US Markets56d ago

Nasdaq, S&P 500 Reach New Peaks Amid Tech Rally, Log Weekly Gains

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$CHTR$INTC$NVDA$QCOM