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Research Alert: Nsc Q1: Stable Core Performance, Union Pacific Merger On Track

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Norfolk Southern Corporation (NSC) reported steady Q1 2026 revenues of $3.0B despite 1% volume decline, with operating ratio rising to 70.7% from 61.7% due to $62M in Eastern Ohio incident and merger costs. Adjusted EPS declined just 1% to $2.65 with operating ratio at 68.7%, showing resilience amid weather and fuel headwinds, while Merchandise segment grew 1.2% to $1,885M. The planned Union Pacific merger remains the key strategic catalyst, set to create the first East-West transcontinental rail network with mid-to-late 2027 closing timeline. Management is focusing on "controllables," including productivity, service, and safety over volume growth. We believe Norfolk Southern's disciplined approachcutting capex 14.9% to $382M while maintaining dividendsand steady adjusted performance despite temporary merger-related pressures demonstrate the underlying strength of its Eastern franchise and long-term value proposition ahead of the transformational UNP combination.

$NSC

Sectors56d ago

Sector Update: Energy

Energy stocks were leaning lower premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.8%.The United States Oil Fund (USO) was down 0.9% and the United States Natural Gas Fund (UNG) was 1.6% lower.Front-month US West Texas Intermediate crude oil was 0.3% higher at $96.12 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.7% to $105.85 per barrel, and natural gas futures were down 2% at $2.56 per 1 million British Thermal Units.SLB (SLB) shares were down 1.8% after the company reported a decline in Q1 adjusted earnings.

$SLB

Sectors56d ago

Sector Update: Tech Stocks Rise Premarket Friday

Technology stocks were rising premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) advancing by 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) nearly 5% higher.Intel (INTC) stock was up more than 24% after the company reported higher fiscal Q1 adjusted earnings and revenue, and issued fiscal Q2 outlook above analysts' expectations.SAP (SAP) shares were up more than 7% after the company posted higher Q1 earnings and revenue.Pony AI (PONY) expects the total cost of its 2027 Robotaxi in China to drop below 230,000 Chinese renminbi ($33,649), which would be lower than the current starting price of a locally produced Tesla (TSLA) Model 3 in that market, the company said. Pony AI shares were up more than 1% premarket.

$INTC$PONY$SAP$TSLA$XLK$XSD

Commodities56d ago

Exchange-Traded Funds Rise, Equity Futures Mixed Pre-Bell as Traders Assess Tech Earnings Amid Global Uncertainty

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 1.3% higher in Friday's premarket activity as investors assess technology companies' earnings while global uncertainty persists amid the Middle East conflict.US stock futures were mixed, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 1.3% before the start of regular trading.The University of Michigan consumer sentiment report for the current month is scheduled to be released at 10 am ET, while the weekly Baker Hughes domestic oil-and-gas rig count is due at 1 pm ET.In premarket activity, bitcoin was up by 0.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% higher, Ether ETF (EETH) advanced 0.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.02%.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.5%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) was 0.1% lower. The iShares Biotechnology ETF (IBB) was 0.5% higher.Organon (OGN) shares were up 29% in Friday's premarket activity, a day after a media report that India's Sun Pharmaceutical Industries was planning a $13 billion bid for Organon.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 2.1%, and the iShares US Technology ETF (IYW) was 1.7% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 2.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 4.2% higher, while the iShares Semiconductor ETF (SOXX) rose by 4.1%.Intel (INTC) stock was 28% higher pre-bell Friday after the company reported overnight higher fiscal Q1 adjusted earnings and revenue in addition to providing fiscal Q2 outlook that surpassed analyst estimates.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.1% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.1%. The iShares US Consumer Staples ETF (IYK) was 0.04% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.8%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were flat.Coursera (COUR) stock was 16% lower before the opening bell on Friday after the company reported overnight lower Q1 non-GAAP earnings that also trailed analysts' estimates.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) slipped 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.9%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.1% higher.Hartford Insurance Group (HIG) shares were down 4.4% before Friday's bell, a day after the company posted lower-than-expected Q1 core earnings and revenue.EnergyThe iShares US Energy ETF (IYE) retreated by 1%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 1.1%.SLB (SLB) shares were down 3.7% before Friday's bell after the company posted lower Q1 adjusted earnings.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.7%, while the Vanguard Industrials Index Fund (VIS) was 0.2% lower and the iShares US Industrials ETF (IYJ) was flat.Norfolk Southern (NSC) shares were down 1.1% before the opening bell Friday after the company reported lower Q1 adjusted EPS.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 1.3% to $94.63 per barrel on the New York Mercantile Exchange. Natural gas declined by 2.4% to $2.70 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 1.4%, while the United States Natural Gas Fund (UNG) was 1.7% lower.Gold futures for May were down by 0.1% at $4,721.50 an ounce on the Comex. Silver futures gained by 0.9% to reach $76.17 an ounce. SPDR Gold Shares (GLD) was 0.4% higher, and the iShares Silver Trust (SLV) advanced by 0.5%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$COUR$EEM$EETH$EXI$FAS$FAZ$GLD$HIG$IBB$IGM$IGV$INTC$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NSC$OGN$PMR$QQQ$RTH$SLB$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Oil & Energy56d ago

Biofuels Update: Feedstock Futures Rise Amid Soaring Crude Oil Prices, Mounting Middle East Uncertainties

Biofuel feedstock futures rose slightly on Friday, tracking a rally in crude oil prices that boosted demand for biodiesel inputs, which are seen as a partial alternative.The May soybean contract on the Chicago Board of Trade was up 0.06% at $11.60 per bushel. The May soybean oil contract rose 0.07% to 71.66 cents per pound.As Middle East tensions continued to linger, crude oil prices remained elevated, with Brent crude at $104.66, increasing demand for biofuel alternatives, along with their various feedstock inputs.On the supply side, US soybean conditions looked upbeat, with 12% of the crop already planted, well ahead of the five-year average. The markets, however, are closely watching the upcoming US-China trade talks that are scheduled to be held next month, which is expected to be a major catalyst for demand, according to Trading Economics.The soybean crop in Argentina, another major supplier, is facing weather-related delays, and at the same time, 18 vessels at the country's Quequen port were held up due to a protest staged by a small group of truckers, according to ADMIS Research Team.In Asia, Palm oil futures in Malaysia edged higher on Friday, amid support from a weaker Ringgit and higher crude oil prices, which made biodiesel more attractive, alongside mounting El Nino risks and higher biodiesel blends.After easing on Thursday, the Bursa Malaysia Derivatives' May crude palm oil contract was up by 0.27%, trading at 4,517 Malaysian ringgit ($1,139.22) per metric ton. The June contract was up by a similar measure, at 0.29%, to 4,565 ringgit/mt.Both contracts were up nearly 2% this week, reversing two prior weekly losses.This decline on Friday, however, comes despite a weaker Ringgit, with the currency having lost 0.32% over the past week, and soaring crude oil prices, with Brent futures touching $105.98, according to Trading Economics.The Malaysian Palm Oil Council said on Friday that it expects prices to remain above 4,500 Ringgit/mt in the near-term, which it attributed to potential El Nino risks jeopardizing output.The council also highlighted Malaysia's move towards a richer biodiesel blend, towards B15 from the current B10, which it said could absorb an additional 1 to 1 and a half million tonnes of oil annually.Similar biodiesel programs across Indonesia and Thailand, with both countries increasing their blends, are expected to further tighten the markets in the near-term, the Council said.According to price reporting agency MySteel, with the situation in the Middle East unlikely to ease any time soon, and with crude oil prices having surged again, palm oil is taking on a more important role as a biodiesel feedstock, supporting prices.In the US, May-dated ethanol futures on the NYMEX were down on Friday, by 0.50%, trading at $1.98 per gallon, despite a growing ethanol blending push across several countries, alongside rising crude oil prices, making it an attractive fuel source for major energy-importing countries.In the week ended April 17, ethanol production in the US declined to 1.0 million barrels per day, from 1.1 mmbbls/d a week earlier, according to data released by the US Energy Information Administration.Exports grew week over week to 91,000 barrels per day from 81,000 b/d, according to the EIA, while stocks rose to 26.9 million barrels from 26.7 mmbbls.

Asia56d ago

DCB Bank's Net Profit Rises in Fiscal Q4

DCB Bank (NSE:DCBBANK, BOM:532772) net profit rose to 2.06 billion Indian rupees in the fiscal fourth quarter from 1.77 billion rupees a year ago, according to an Indian bourse filing on Friday.Earnings per share for the quarter ended March 31 climbed to 6.35 rupees from 5.60 rupees a year earlier.Interests earned by the lender increased year on year to 19.1 billion rupees from 17.4 billion rupees, the filing said.The company also recommended a dividend of 1.45 rupees per share for the financial year ended March 31.

BOM:532772NSE:DCBBANK

Mining & Metals56d ago

Earnings Flash (FISH.V) Sailfish Royalty Corp. Reports Q4 Total Revenue US$1.2M, vs. $725,712 a Year Earlier

$FISH.V

International56d ago

Swiss Central Bank Expects Subdued Short-term Economic Growth, Higher Inflation Amid Middle East Conflict

The Middle East conflict "significantly" increased the uncertainty surrounding the development of Switzerland's economy and inflation, according to the Swiss National Bank (SNBN.SW).In a speech delivered on Friday at SNB's shareholder meeting, SNB Governing Board Chairman Martin Schlegel said Swiss economic growth is expected to be "rather subdued" in the short term before seeing an upturn over the medium term "to some extent."Meanwhile, the SNB forecasts inflation in the country will further increase in the coming quarters, mainly driven by higher energy prices caused by the conflict.Schlegel, however, noted that the SNB stands ready at any time to adjust its monetary policy whenever needed as it continues to monitor the situation.

$SNBN.SW

Sectors56d ago

Sector Update: Financial

Financial stocks were declining premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.5%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.4% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 1.7%.Western Union (WU) shares were down more than 11% after the company posted lower Q1 adjusted earnings and revenue.

$WU

Asia56d ago

Blue Moon Narrows 2025 Loss by 56%

Blue Moon Group (HKG:6993) narrowed its attributable loss by 56% to HK$328.9 million in 2025 from HK$749.3 million a year prior, according to the firm's annual report filed with the Hong Kong bourse Friday.The household cleaning product manufacturer's loss per share was HK$0.0623 in the year, compared with HK$0.1374 in 2024.Revenue slipped 1.7% to HK$8.41 billion from HK$8.56 billion in the year-ago period.The firm attributed the lower loss to an improvement in overall operational efficiency and the reflection of the results of its channel strategy investments.The company declared a final dividend of HK$0.10 per share for the year.

HKG:6993

Sectors56d ago

Gold Steady as the Dollar Eases on a Report Iran is Ready to Resume Talks With the U.S.

Gold was steady early on Friday as the dollar and yields eased following a report that Iran is ready to resume negotiations with the United States to end the war.Gold for May delivery was last seen up US$0.10 to US$4,724.10 per ounce.Bloomberg News reported Iranian Foreign Minister Abbas Araghchi and a team of negotiators are expected to arrive in Islamabad late on Friday for talks with a U.S. delegation already in place.A deal between the two nations would likely lower oil prices and ease fears the supply shock that followed the closure of the Strait of Hormuz would hike inflation and force central banks to raise interest rates. The threat of higher rates has pushed investors to the dollar and bonds, leaving gold rangebound. The metal has traded within a US$200 band since the start of the conflict.The dollar was lower early, with the ICE dollar index last seen down 0.12 points to 98.64. Treasury yields were little changed, with the yield on the U.S. two-year note down 0.6 basis points to 3.84%, while the 10-year note was paying 4.328%, down 0.3 points.

$GCM6$GLD

Asia56d ago

Shriram Finance's Consolidated Profit Rises in Fiscal Q4

Shriram Finance's (NSE:SHRIRAMFIN, BOM:511218) consolidated profit attributable to the owners increased to 30.2 billion Indian rupees in the fiscal fourth quarter, from 21.4 billion rupees a year ago, according to an Indian bourse filing on Friday.Earnings per share for the quarter ended March 31 climbed to 16.05 rupees, from 11.39 rupees a year earlier.The company's total revenue from operations jumped year on year to 125.1 billion rupees from 114.5 billion rupees, the filing said.Shriram Finance's board also recommended a final dividend of 6 rupees per share for the financial year ended March 31.

BOM:511218NSE:SHRIRAMFIN

Sectors56d ago

Sector Update: Health Care

Health care stocks were mixed premarket Friday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.8% and the iShares Biotechnology ETF (IBB) 0.5% higher.HCA Healthcare (HCA) stock was down almost 9% even after the company reported higher Q1 adjusted earnings and revenue.

$HCA

Treasury56d ago

Medium-Term Outlook for Canadian Dollar Remains "Constrained," says UBS

The Bank of Canada is due to meet on Wednesday and UBS expects a continued cautious tone.Recent inflation data have come in below the BoC's own projections, reinforcing the case for patience amid a still-fragile domestic backdrop and softening labor market dynamics, said UBS.The Canadian dollar (CAD or loonie) has shown some resilience in recent weeks, helped by higher energy prices and a period of broad-based U.S. dollar (USD) weakness, wrote the bank in a note to clients.That said, UBS sees this support as being limited for now. Amid the Iran war, the U.S. dollar remains in a strong position, while the CAD has limited carry appeal and persistent uncertainty surrounding USMCA-related developments, it noted.The medium-term outlook for the CAD remains "constrained," added the bank.As a result, UBS continues to favor short CAD positions against higher-yielding currencies, as well as within select USMCA crosses, where political and trade-related risks are likely to keep sentiment uneven.

$CAD$CXY$USD

Asia56d ago

Baijin Life Science Grants 67.9 Million Share Options

Baijin Life Science (HKG:1466) granted over 67.9 million share options to various directors and employees under a 2024 incentive scheme, according to a Friday Hong Kong bourse filing.The options are exercisable into an equal number of ordinary shares in the firm's share capital for five years at HK$0.54 apiece.The options are not subject to performance targets.The jewelry maker now has no shares available for future grant under the scheme.

HKG:1466

Treasury56d ago

Canada's Retail Sales Suggest Good Q1, But Q2 May Slow From Higher Gasoline Prices, Says CIBC

Canadian retail sales continued their strong start to the year in February, although tougher tests are still to come as higher gasoline prices start to squeeze household incomes, said CIBC after Friday's data.The 0.7% month-over-month increase in headline sales during February was slightly below the consensus forecast estimate of 0.9%, but built on an upwardly revised 1.2% month-over-month gain in the prior month, noted the bank.Core sales, which exclude autos and gasoline, rise by 0.6% month over month, while overall sales volumes increase by 0.3%. Sales gain by about 1% on the month in each of the autos, food & beverage, general merchandise and clothing sectors.The advance estimate for March points to a "solid-looking" 0.6% month-over-month increase in overall sales, although the sharp rise in gasoline prices during the month will be flattering that nominal figure, and in real terms, sales are likely broadly flat on the month, stated CIBC.Overall, it appears that retail sales in Q1 have posted their best quarter for growth since before the United States trade tensions started to negatively impact consumer sentiment, according to the bank.However, with higher pump prices limiting the ability of some households to make discretionary purchases, CIBC expects consumer spending to slow again in volume terms during Q2.

$CXY

Sectors56d ago

Sector Update: Consumer

Consumer stocks were mixed pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.5% higher.Procter & Gamble (PG) shares were up more than 2% after the company posted higher fiscal Q3 core earnings and net sales.

$PG

Mining & Metals56d ago

Sun Life Financial Upgraded To Outperform From Sector Perform at National Bank As Improved U.S. Performance Seen, notes BNN TV

$SLF.TO

Sectors56d ago

Sector Update: Tech

Technology stocks were rising premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) advancing by 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) 4.3% higher.Intel (INTC) stock was up more than 25% after the company reported higher fiscal Q1 adjusted earnings and revenue in addition to issuing fiscal Q2 outlook above analysts' expectations.

$INTC

Equities56d ago

Alpha Metallurgical Resources Reports Q1 Preliminary Loss; Shares Fall Pre-Bell

Alpha Metallurgical Resources (AMR) reported a preliminary Q1 net loss Friday of $0.86 per diluted share.Coal revenue for the quarter ended March 31 was $523.5 million.Three analysts surveyed by FactSet expected $559.8 million.Shares of the company were down 9.7% pre-bell.

$AMR

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Commodities56d ago