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Sector Update: Energy Stocks Edge Higher Premarket Thursday

Energy stocks were edging higher premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.4%.The United States Oil Fund (USO) was up 1.1% and The United States Natural Gas Fund (UNG) was 2.4% lower.Front-month US West Texas Intermediate crude oil was 0.3% higher at $93.20 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.2% to reach $102.06 per barrel, and natural gas futures were down 1.8% at $2.67 per 1 million British Thermal Units.Helix Energy Solutions (HLX) and Hornbeck Offshore Services have agreed to merge in an all-stock deal to form an integrated offshore services company. Shares of Helix Energy Solutions Group were up more than 5% pre-bell.Sasol (SSL) said it now expects fiscal 2026 fuel sales volume growth of 10% to 15% year-over-year, up from previous guidance of 5% to 10%. Sasol shares were down more than 2% premarket.Apollo Global Management (APO) said Thursday it has agreed to acquire a 40% stake in Pembina Gas Infrastructure from KKR (KKR). Pembina Pipeline (PBA) shares were nearly 2% higher pre-bell.

Natural Gas Moves Lower as Moderate Weather Cuts Into Cooling Demand

Natural gas futures dipped early Thursday ahead of fresh storage data as long-term forecasts expect little heat to boost cooling demand.Gas for May delivery was last seen down $0.04 to US$2.68 per million British thermal units.Long-term forecasts from the National Weather Service see nearly all states with seasonal or cooler temperatures over its six to 14 day outlook, keeping demand for electricity to power air-conditioning low.The Energy Information Administration will release its weekly survey of inventories of the fuel later on Thursday morning. Celsius Energy expects the agency to report a storage rise of 98-billion cubic, the largest build in stocks for the week in five years.

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Sinopharm Arm's Operating Profit Slips 20% in Q1

Sinopharm (HKG:1099) unit China National Medical Device recorded an operating profit of 220.2 million yuan in the first quarter of 2026, down 20% from 276.7 million yuan a year prior, according to a Thursday Hong Kong bourse filing.Revenue jumped 1.2% to 17 billion yuan from 16.8 billion yuan in the prior-year period.

HKG:1099

Mining & Metals56d ago

Tilray Up 14% In US Premarket Trade As Says "Positioned" For Expansion "Amid Historic Cannabis Rescheduling"

Tilray Brands (NASDAQ and TSX: TLRY) is "positioned" for expansion in the United States as federal policy there has opened the door to rescheduling of cannabis from Schedule I to Schedule III under the Controlled Substances Act, the company said Thursday,Shares in Tilray, a player in the cannabis, beverage, and wellness industries, were at at last look up more than 12% in US premarket trade on what the company called "an inflection point". They rose more than 14% in the US yesterday."A defining inflection point that represents a fundamental shift in U.S. drug policy, unlocking significant opportunities for medical cannabis clinical research, patient access, and industry standardization. The action represents the most consequential federal cannabis policy development in decades, accelerating the emergence of a regulated, science-driven medical cannabis framework in the United States," Tilray in a statement.Rescheduling has the potential to accelerate clinical research, broaden access, and "elevate the quality, consistency, and safety standards that establish medical cannabis as a legitimate pillar of modern healthcare", added Irwin D. Simon, Chairman and Chief Executive Officer.

$HMMJ.TO$TLRY.TO

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Sector Update: Financial Stocks Lean Lower Pre-Bell Thursday

Financial stocks were leaning lower pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) marginally declining.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.3%.Banco Santander (SAN) shares were down more than 1% after the company said it will temporarily suspend its share buyback program pending approval from US lender Webster Financial's (WBS) shareholders of a proposed takeover by the Spanish bank.Blackstone (BX) shares were down more than 2% even after the company reported higher Q1 distributable earnings and revenue.Nasdaq (NDAQ) stock was up more than 1% after the company posted higher Q1 adjusted earnings and revenue.

Sector Update: Health Care Stocks Decline Premarket Thursday

Health care stocks were declining premarket Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.3% and the iShares Biotechnology ETF (IBB) 0.7% lower.Thermo Fisher Scientific (TMO) stock was down more than 9% even after the company posted higher fiscal Q1 adjusted earnings and revenue.Sanofi (SNY) shares were up more than 3% after the company reported higher Q1 adjusted earnings and net sales.West Pharmaceutical Services (WST) stock was up more than 16% after the company reported higher Q1 non-GAAP earnings and net sales. West Pharmaceutical Services also issued Q2 outlook above analysts' expectations and raised its 2026 guidance.

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Research Alert: CFRA Lifts Opinion On Shares Of D.r. Horton Inc. To Hold From Sell

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our target price of $168 (up $44) is 14x our FY 27 (Sep.) EPS view, a premium to the 10-year mean of 9.7x, justified by DHI's cash flow/balance sheet, which provides flexibility to continue DHI's dividend and repurchase program. We think expectations have been reset for CY 26, with Q1 CY 26 suggesting that larger players like DHI are taking share from smaller homebuilders, which we see continuing through fiscal year-end. We see DHI winning in the entry-level segment, with its lower average selling prices pairing nicely with incentives that provide consumers attractive propositions amid a stable labor market. We see risks stemming from developments in stick and brick costs, which so far have served as an offset to land costs. With lingering geopolitical uncertainty and a P/BV of 1.8x, slightly ahead of the 10-year mean of 1.7x, we see upside remaining limited but see DHI's order book as relatively resilient in coming quarters. We lift our FY 26 EPS to $10.55 from $9.93 and FY 27 EPS to $12.03 from $11.65.

$DHI

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Research Alert: CFRA Raises Opinion On Shares Of Tesla Inc. To Hold From Sell

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target by $55 to $380, based on a 2027 P/E of 129x, justified by long-term growth expectations. We raise our adjusted EPS estimates by $0.05 to $2.25 for 2026 and by $0.05 to $2.90 for 2027. Following its Q1 earnings release, we are raising our view to Hold (from Sell) and increasing our price target. We thought TSLA's Q1 earnings release was solid, as the company's FSD growth continues to exceed our expectations (active users +51% Y/Y), with the revenue stream helping drive significant improvement in TSLA's overall gross margin (+480 bps Y/Y to 21.1%). While we continue to have concerns regarding the company's spending binge (2026 capex now expected at $25B+, up from $20B+ in its prior earnings release), we are also more bullish on near-term margin and operating cash flow profile. Moreover, consensus estimates have come down to levels we think are more achievable and now consider the stock's risk/reward more balanced following TSLA's recent underperformance (-13.8% YTD vs. +4.3% for the S&P 500).

$TSLA

Commodities56d ago

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Thursday Amid Stalled US-Iran Talks

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1%, and the actively traded Invesco QQQ Trust (QQQ) was 0.2% lower in Thursday's premarket activity as talks between the US and Iran stalled amid a continued blockage of the Strait of Hormuz.US stock futures were also lower, with S&P 500 Index futures down 0.4%, Dow Jones Industrial Average futures slipping 0.6%, and Nasdaq futures retreating 0.4% before the start of regular trading.US initial jobless claims totaled 214,000, compared with expectations of 210,000 and a prior reading of 208,000.The Chicago Federal Reserve Bank's monthly National Activity Index fell to a reading of minus 0.20 in March from 0.03 in February, compared with expectations for a smaller decrease to minus 0.13 in survey of analysts compiled by Bloomberg as of 7:35 am ET.S&P Global flash estimates of manufacturing and services conditions for April will be released at 9:45 am ET, followed by weekly natural gas stocks at 10:30 am ET.The Kansas City Fed's manufacturing reading for April will be released at 11 am ET.In premarket activity, bitcoin was down by 1.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.7% lower, Ether ETF (EETH) retreated by 3.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.02%.Power Play:EnergyThe iShares US Energy ETF (IYE) gained 0.03%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.4%.Helix Energy Solutions (HLX) stock was up more than 8% before the opening bell after the company agreed to merge with Hornbeck Offshore Services in an all-stock deal to form an integrated offshore services company.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.04%, the Vanguard Health Care Index Fund (VHT) was down 0.3%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) declined by 1.2%.Sanofi (SNY) stock was up more than 3% premarket after the company reported higher Q1 adjusted earnings and sales.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.1% lower.KB Financial Group (KB) shares were up more than 2% pre-bell after the company reported higher Q1 earnings and revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.04%, while the Vanguard Industrials Index Fund (VIS) gained 0.7% and the iShares US Industrials ETF (IYJ) was down 0.4%.Union Pacific (UNP) stock was up more than 2% before the opening bell after the company reported Q1 earnings and operating revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.3%. The iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.5%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Tesla (TSLA) shares were down more than 2% pre-bell after the company overnight reported Q1 results, with investors focused on its outsized capital expenditure outlook.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 0.4%, and the iShares US Technology ETF (IYW) was flat, while the iShares Expanded Tech Sector ETF (IGM) was down 0.9%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 0.04% higher, while the iShares Semiconductor ETF (SOXX) rose by 0.9%.Intel (INTC) shares were up more than 1% in Thursday's premarket activity after Tesla (TSLA) Chief Executive Elon Musk said he intends to use Intel's upcoming 14A process to make chips at its Terafab advanced artificial intelligence project in Austin, Texas.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 0.2% to $93.17 per barrel on the New York Mercantile Exchange. Natural gas gained by 0.1% to reach $2.73 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 0.1%, while the United States Natural Gas Fund (UNG) was 0.4% lower.Gold futures for May were down by 0.4% at $4,734.40 an ounce on the Comex. Silver futures retreated by 3.1% to $76.11 an ounce. SPDR Gold Shares (GLD) was 0.3% lower, and the iShares Silver Trust (SLV) fell by 1.8%.

Mining & Metals56d ago

Abitibi Metals to Raise $30.8 Million Via Non-Brokered Financing Led by Discovery Silver, With 9.9% Strategic Stake

Abitibi Metals (AMQ.CN) announced a non-brokered private placement for up to $30.8 million, on Thursday.Discovery Silver is expected to buy about 9.9% of its issued and outstanding common shares on a non-diluted basis upon closing of the offering, it said. In connection with closing of the offering, Abitibi Metals and Discovery will enter into a participation agreement, whereby, subject to certain conditions, the company will grant certain financing and other participation rights to enable Discovery to maintain its shareholding interest in the company and other customary investor rights.The offering is expected to consist of a combination of 11.8-million charity flow-through common shares at $0.85 per CFT share, and 35.8-million hard dollar common shares at $0.58 per HD share, for total proceeds of up to $30.8 million.Proceeds from the issuance of the CFT shares are expected to be used to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" on its Quebec-based projects. The net proceeds from the issuance of the HD shares are expected to be used for exploration and development activities, as well as for general corporate needs.Shares of the company closed up 4.2% to $0.74 on Wednesday on the Canadian Securities Exchange.

$AMQ.CN

Ping An Healthcare's Q1 Profit Surges 138%

Ping An Healthcare and Technology (HKG:1833) recorded a net profit of 79.1 million yuan in the first quarter of 2026, up 138% from 33.2 million yuan a year prior, according to a Thursday Hong Kong bourse filing.Revenue jumped 9.1% to 1.16 billion yuan from 1.06 billion yuan in the year-ago period.

HKG:1833

Acme International Proposes Name Change

Acme International (HKG:1870) is proposing to change its English name to Green Power Group, alongside a change in its Chinese name, according to a Thursday Hong Kong bourse filing.The name change is subject to shareholder and regulatory approvals.The building maintenance provider has been focusing on the investment, development, and operation of green energy projects in recent years.The firm believes the new name will align with its business scope, better reflect its positioning and corporate vision, boost strategic development, and create a new image for the company as a green energy firm.

HKG:1870

Sector Update: Consumer Stocks Mixed Pre-Bell Thursday

Consumer stocks were mixed pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.2% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.5%.Keurig Dr Pepper (KDP) shares were up more than 2% after the company reported first-quarter adjusted earnings and revenue that topped analysts' expectations.Hasbro (HAS) stock was up more than 4% after the company reported preliminary fiscal Q1 revenue of $970 million to $985 million.TAL Education Group (TAL) shares were down more than 3% even after the company posted higher fiscal Q4 non-GAAP earnings and net revenue.

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InnoCare Pharma's Q1 Profit Soars 489%

InnoCare Pharma (SHA:688428, HKG:9969) recorded a 489% surge in attributable profit in the first quarter of 2026 to 105.8 million yuan from 18 million yuan a year prior, according to a Thursday Hong Kong bourse filing.Basic EPS rose to 0.06 yuan in the three months from 0.01 yuan in the corresponding period of the previous fiscal year.Operating revenue jumped 39% to 528.6 million yuan from 381.3 million yuan in the year-ago period, driven by the volume growth and new contributions from various products, as well as milestone payments under a license agreement with Zenas BioPharma.

HKG:9969SHA:688428

Treasury56d ago

UBS Sees Bank of Canada on Hold Next Week But Ready to Respond

UBS said it expects the Bank of Canada to hold rates at next Wednesday's April meeting and for the remainder of the year, given uncertainty in the outlook.The same risks of trade tensions and Artificial Intelligence disruption remain, as does uncertainty over the outlook for tensions in the Middle East, writes the bank in a note to clients.The latest Canadian data has been "mixed," states UBS. Energy prices pushed up headline inflation in March, core inflation moderated and the labor market is still subdued. The latest BoC surveys showed a tick up in near-term inflation expectations, but the bank predicts the relative stability in longer-term inflation expectations leaves the optionality in the outlook for rates firmly in place at the April meeting.UBS forecasts the BoC continues to signal that there are several risks to the outlook, but policymakers remain ready to respond as needed.Wednesday's press conference will likely feature questions on the risks to inflation with stronger headline inflation in March, while core inflation slowed, added the bank.The balance of the inflation risks versus mixed activity and labor market data could also feature, according to UBS. With the shifts in inflation expectations in the latest quarterly surveys, Governor Tiff Macklem may note in his prepared remarks, or it could come up in the question-and-answer session, that the anchoring of inflation expectations is an important factor in assuming that the BoC can look through the energy-driven inflation.

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Sector Update: Tech Stocks Mixed Premarket Thursday

Technology stocks were mixed premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 0.3%.Nokia (NOK) stock was up more than 9% after the company reported higher Q1 comparable earnings and net sales.STMicroelectronics (STM) shares were up more than 7% after the company posted higher Q1 non-GAAP earnings and revenue, and issued Q2 revenue outlook above analysts' expectations.Roper Technologies (ROP) stock was up more than 3% after the company reported higher Q1 adjusted earnings and revenue, and raised its 2026 adjusted EPS outlook.

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Research Alert: Hasbro Announces Preliminary Q1 Above Expectations Despite Cyber Incident

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Hasbro announced preliminary Q1 2026 results with revenue of $970M-$985M (+9%-11% Y/Y) and adjusted operating profit of $250M-$260M (+12%-17% Y/Y), both well-above consensus estimates due to Wizards of the Coast and Digital Gaming strength. The company contained a cybersecurity incident during the quarter without impacting Q1 results, though it delayed financial statement completion and 10-Q filing. Management maintained full-year 2026 guidance despite operational disruption, expecting 3%-5% revenue growth, 24%-25% adjusted operating margin, and $1.40B-$1.45B adjusted EBITDA. Magic: The Gathering operations remained unaffected with April's Secrets of Strixhaven release on schedule, while Consumer Products may see Q2 impact from processing delays but recovery expected in 2H. The significant operating leverage with profit growth of 38%-44% on revenue growth of 9%-11% demonstrates continued strength in higher-margin business mix and operational resilience.

$HAS

Research Alert: Vc: Q1 Falls Short, But 2026 Guidance Reiterated

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Visteon (VC) posted Q1 adjusted EPS of $1.65 vs. $2.40 (-31%), well short of the $1.84 consensus. The miss was due to weaker-than-expected margins, as net revenue rose 2% to $954M ($56M above consensus) and gross margin fell 300 bps to 11.8% (110 bps shy of consensus). Importantly, despite industry and customer vehicle production being down 3% and 4%, respectively, VC delivered growth-over-market of 3%, supported by the ramp-up of recent product launches and robust customer demand. VC maintained 2026 sales and adjusted EBITDA guidance, saying it expects margin improvement over the balance of the year, supported by customer recoveries and ongoing cost actions, with upcoming product launches expected to offset the softer industry production outlook. VC shares are currently trading 2% lower in pre-market trading, with the fact that it reiterated 2026 guidance despite the much weaker-than-expected Q1 likely reassuring investors. We note VC's outperformance relative to demand in its markets was a big positive.

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