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Okta Shares Rise After Barclays Upgrade

Okta (OKTA) shares rose 5.7% on Monday after Barclays upgraded the stock to overweight from equalweight with a price target of $85 per share.Trading volume stood at over 3 million shares compared with a daily average of close to 3.7 million.Price: $76.48, Change: $+4.23, Percent Change: +5.85%

$OKTA

Research55d ago

Research Alert: CFRA Keeps Buy Rating On Shares Of Eli Lilly After Kelonia Deal Announcement

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our target price at $1,225, 29.0x our 2027 EPS view, below LLY's five-year historical forward P/E average. We retain our 2026 EPS at $34.71 and lift our 2027 EPS to $42.22 from $42.12. LLY announced today it is acquiring Kelonia Therapeutics for up to $7B to access its iGPS platform, enabling in vivo CAR-T therapy that reprograms T-cells to fight cancer inside the body via a single IV infusion. Kelonia's lead candidate KLN-1010 targets BCMA in multiple myeloma, the second most frequent U.S. blood cancer. Similarly, LLY announced the acquisition of Orna Therapeutics for up to $1B in February to access its circular RNA platform, which offers longer-lasting protein expression, reduced immunogenicity, and larger genetic payloads versus traditional mRNA. These acquisitions reflect LLY's strategy of deploying GLP-1 cash flow to build a diversified pipeline in oncology, autoimmune diseases and next-generation therapeutic modalities, in our view.

$LLY

Wire55d ago

Raymond James Raises Price Target on SmartFinancial to $50 From $47 as 'Southeast Growth Story Remains Intact', Keeps Strong Buy Rating

SmartFinancial (SMBK) has an average rating of overweight and mean price target of $43.38, 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: $43.22, Change: $+0.84, Percent Change: +1.98%

$SMBK

Sectors55d ago

Update: WTI Oil Surges as Iran Again Blocks the Strait of Hormuz

West Texas Intermediate (WTI) crude oil surged 6.9% on Monday after Iran again closed the Strait of Hormuz after the United States refused to end a blockade of country's ports while firing on and seizing an Iranian cargo ship.WTI crude oil for May delivery closed up US$5.76 to settled at US$89.61 per barrel, while June Brent oil was last seen up US$4.74 to US$95.12.Prices plunged on Friday after Iran briefly reopened the Strait of Hormuz, the chokepoint for 20% of daily global oil demand supplied by Persian Gulf nations. However it later again refused to permit transit through the waterway as the United States declined to end its blockade of Iran's ports.The United States is sending negotiators to Pakistan for peace talks. Iran has not yet publicly said it will attend, however the Wall Street Journal said Pakistan has bee told it will send officials to the negotiations. A ceasefire between the two countries ends tomorrow, with U.S. President Trump again threatening to attack Iranian civilian infrastructure unless a deal is reached."Traders entered the weekend on the assumption that Iran had reopened the Strait of Hormuz, only for it to be effectively closed again within hours after the IRGC claimed a US blockade of Iran-linked vessels violated the ceasefire agreement set to expire on Tuesday. Prices extended gains after the US Navy fired upon and seized an Iranian vessel, further undermining confidence in any near-term diplomatic progress," Saxo Bank wrote.The closure of the Strait has produced the largest-ever energy supply shock, pushing up physical oil prices along with gasoline and diesel costs and causing widespread shortages of aviation fuel."We have a divergence where the financial market is trading negotiations, improvements and resolution while at the same time the physical market is deteriorating day by day. Physical oil flows remain constrained by disrupted flows, longer voyage times and elevated freight and insurance costs," Bjarne Schieldrop, chief analyst Commodities, at SEB Research wrote.

$CLK6$LCOM6$USO

Wire55d ago

Update: California AG Unseals Evidence of Amazon's Alleged Price Fixing

(Updates with Amazon's and Walmart's responses to requests for comment.)California Attorney General Rob Bonta on Monday publicly released evidence as part of an ongoing case against Amazon (AMZN) that he said shows the online retail giant, vendors and competing companies, like Target (TGT), Walmart (WMT), Chewy (CHWY), Best Buy (BBY) and Home Depot (HD), colluded to increase retail prices across their platforms."The evidence we've uncovered is clear as day: Amazon is working to make your life more unaffordable. The company is price fixing, colluding with vendors and other retailers to raise costs for Americans beyond what the market requires -- beyond what is fair," Bonta said in a statement."The Attorney General's motion is a transparent attempt to distract from the weakness of its case, coming more than three years after filing its complaint and based on supposedly 'new' evidence it has had for years," an Amazon spokesperson said in an emailed statement to. "Amazon is consistently identified as America's lowest-priced online retailer, and we're proud of the low prices customers find when shopping in our store. Amazon looks forward to responding in court at the appropriate time.""We do not comment on litigation in which we are not a party," a Walmart spokesperson said in an emailed statement to. "We will always work hard on behalf of our customers to keep our prices low."Target, Chewy, Best Buy and Home Depot didn't immediately reply to requests for comment from.Price: $247.75, Change: $-2.81, Percent Change: -1.12%

$AMZN$BBY$CHWY$HD$LEVI$WMT

Wire55d ago

Southern Raises Quarterly Dividend to $0.76 a Share From $0.74, Payable June 8 to Shareholders of Record May 18

$SO

Sectors55d ago

May WTI Crude Oil Contract Closes Up US$5.78; Settles at US$89.61 per Barrel

$CLK6$LCOM6$USO

Wire55d ago

Devon Energy Shares Rise After Tudor Pickering Holt Upgrade

Devon Energy (DVN) shares rose 1.9% in Monday trading after Tudor Pickering Holt upgraded the stock to buy from hold with a $63 price target.Intraday trading topped 5.66 million shares versus the daily average of 14.4 million.Price: $45.07, Change: $+0.84, Percent Change: +1.90%

$DVN

Wire55d ago

Plexus Shares Rise After Stifel Upgrade

Plexus (PLXS) shares rose 5% on Monday after Stifel upgraded the stock to buy from hold and boosted its price target to $250 per share from $200 earlier.Trading volume stood at over 199,500 shares compared with a daily average of 366,565.Price: $240.05, Change: $+11.41, Percent Change: +4.99%

$PLXS

Wire55d ago

TC Energy Shares Rise After Goldman Sachs Upgrade

TC Energy (TRP) shares rose 1.1% on Monday after Goldman Sachs upgraded the stock to neutral from sell.Trading volume stood at over 1.2 million shares compared with a daily average of nearly 2.6 million.Price: $61.34, Change: $+0.72, Percent Change: +1.19%

$TRP

Oil & Energy55d ago

ECB President Flags Inflation Threat as 13% Global Oil Supply Hit Shakes Outlook

European Central Bank's President Christine Lagarde said Monday that a 13% global oil supply hit is fueling inflation risks and slowing growth amid ongoing geopolitical disruptions.Lagarde delivered the remarks at the annual reception of the Association of German Banks.Lagarde said the economic outlook remains highly uncertain due to the stop-start nature of the conflict, making it difficult to assess how long disruptions and their effects will last.She said there is no simple return to pre-conflict conditions, with projections already pointing to higher inflation and slower growth across baseline and downside scenarios.The euro area faces a major supply shock, with oil losses estimated at about 13 million barrels per day, she said.Despite the scale of disruption, energy prices have not yet risen enough to fully trigger worst-case scenarios, as markets expect the shock may be temporary, Lagarde said.She added that if the conflict eases quickly, the economic impact could remain contained, though risks remain tilted to the downside if disruptions persist.Lagarde warned prolonged disruption could widen supply-demand gaps and affect key industries, including semiconductors, food, chemicals, and plastics, due to shortages of critical inputs.She said extended shortages could shift the impact from higher prices to outright rationing, which would directly hit economic output and worsen growth prospects.While global supply chains remain broadly stable, localized strains are emerging, with jet fuel prices doubling and some airports already facing rationing measures.Lagarde said monetary policy faces uncertainty, with outcomes depending heavily on how long disruptions last and how energy costs feed into broader inflation.She noted inflation pass-through may be influenced by recent price shocks, raising sensitivity, but weaker demand could limit broader price and wage increases.Lagarde added that fiscal policy will play a key role, with price controls lowering inflation but weakening incentives to reduce energy use, while income support risks boosting demand.She said past measures, which totaled about 1.7% of GDP, helped cushion households but also prolonged inflation and complicated monetary policy efforts.Lagarde emphasized that future support must be targeted and temporary, warning that broad fiscal intervention risks undermining public finances and worsening inflation pressures.

Oil & Energy55d ago

US Oil Update: Crude Rallies on Ceasefire Collapse Fears Amid Hormuz Attacks

Crude oil futures surged in midday trading on Monday as tensions between the US and Iran escalated following reported attacks on commercial vessels in the Strait of Hormuz, heightening fears of global supply disruption.Front-month West Texas Intermediate crude futures climbed by 6.71% to $89.91 per barrel, while Brent futures were up 5.92% to $95.72/bbl."Iran reimposed its restrictions on the Strait of Hormuz after the US kept its blockade in place," ING strategists said in a note on Monday, adding that there are doubts over planned peace talks after the Washington seized an Iranian-flagged vessel.President Trump reportedly threatened Iran with overwhelming military force again on Monday, saying lots of bombs will start going off if no deal is reached before the deadline of a fragile ceasefire with Tehran on Tuesday.Trump dispatched a US negotiating team, including Vice President JD Vance, to Pakistan for talks with Iran, while casting doubt on the possible extension of the two-week ceasefire with Iran if a deal is not reached.However, Iran's Foreign Ministry spokesperson, Esmail Baghaei, said there are no plans for a second round of talks with the US, adding that Washington is not learning from past experience and that this will not yield positive results, according to media reports."The United States' so-called 'blockade' of Iran's ports or coastline is not only a violation of Pakistani-mediated ceasefire but also both unlawful and criminal," Baghaei said in a social media post on X.The ongoing US-Iran standoff over the Hormuz threatens to deepen the global energy crisis. It is part of the unresolved issues, which include Iran's nuclear enrichment program and Israel's ongoing invasion of Lebanon.The US Navy fired on an Iranian cargo vessel in the Gulf of Oman on Sunday. The Navy later seized the ship, accusing the container vessel of trying to break through its blockade as Iran warned it would retaliate, heightening fears of a resumption in hostilities.The seizure follows Iran's attack on commercial vessels in the Strait on Saturday, including a container ship belonging to France's CMA CGM and two Indian-flagged ships that were attempting to cross the strategic waterway.Meanwhile, China has expressed concern over the US seizure of an Iranian-flagged cargo ship in the Strait and has urged all parties to resume peace talks.Xi reportedly said, "The Strait of Hormuz should maintain normal passage, as this serves the common interests of regional countries and the international community."Saxo Bank strategists said that the prolonged conflict has triggered a major energy shock, stoking inflation risks and fears of a global slowdown as hopes for peace have faded.

Wire55d ago

California AG Unseals Evidence of Amazon's Alleged Price Fixing

California Attorney General Rob Bonta on Monday publicly released evidence he said shows Amazon (AMZN), vendors and competing companies, like Target (TGT), Walmart (WMT), Chewy (CHWY), Best Buy (BBY) and Home Depot (HD), colluded to increase retail prices across their platforms."The evidence we've uncovered is clear as day: Amazon is working to make your life more unaffordable. The company is price fixing, colluding with vendors and other retailers to raise costs for Americans beyond what the market requires -- beyond what is fair," Bonta said in a statement.None of the companies immediately replied to requests for comment from.Price: $247.68, Change: $-2.88, Percent Change: -1.15%

$AMZN$BBY$CHWY$HD$LEVI$WMT

Wire55d ago

Tvardi Therapeutics Shares Drop After Downgrade From Barclays

Tvardi Therapeutics (TVRD) shares were down 4.4% in afternoon trading on Monday after Barclays downgraded the company's stock to underweight from equalweight and adjusted the price target to $3 from $4.Trading volume stood at over 18,000 shares against a daily average of about 54,000.Price: $3.24, Change: $-0.15, Percent Change: -4.42%

$TVRD

Wire55d ago

Ulta Beauty Shares Rise After Jefferies Upgrade

Ulta Beauty (ULTA) shares rose 2.8% in Monday trading after Jefferies upgraded the stock to buy from hold and raised its price target to $700 from $635.Intraday trading topped 369,700 shares versus the daily average of about 691,000.Price: $569.09, Change: $+15.73, Percent Change: +2.84%

$ULTA

Wire55d ago

Axcelis Technologies Shares Rise After Upgrade From B. Riley

Axcelis Technologies (ACLS) shares were up 8.6% in afternoon trading on Monday after B. Riley upgraded the company's stock to buy from neutral and raised the price target to $150 from $91.Trading volume stood at around 809,000 shares, roughly the same number as the stock's daily average.Price: $128.52, Change: $+9.79, Percent Change: +8.25%

$ACLS

Wire55d ago

Argus Cuts Abbott Laboratories' Price Target to $125 From $140

Abbott Laboratories (ABT) has an average rating of overweight and mean price target of $120.48, 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: $96.06, Change: $-0.75, Percent Change: -0.77%

$ABT

Mining & Metals55d ago

NevGold Upsizes Brokered Private Placement Financing to up to Around C$42.2 Million

NevGold (NAU.V) on Monday said it is upsizing best-efforts private placement of shares to $42.2 million, up from its original $25-million target.The company said it will now look to place 22.2 million shares priced of C$1.90 each.The company plans to use proceeds for advancing its Limousine Butte antimony-gold project in Nevada, the Nutmeg Mountain gold project in Idaho, and for working capital and general corporate purposes.The company's shares were last seen up $0.04 to $2.14 on the TSX Venture Exchange.Price: $2.16, Change: $+0.06, Percent Change: +2.86%

$NAU.V

US Markets55d ago

Equities Drop Intraday, Oil Rebounds Amid US-Iran Re-Escalation Fears

US benchmark equity indexes were lower intraday, while oil prices rebounded sharply amid continued uncertainty around the Middle East conflict.The Nasdaq Composite was down 0.5% at 24,340.9 after midday Monday, while the S&P 500 fell 0.4% to 7,100.7. Both indexes closed at new record-highs in the previous session. The Dow Jones Industrial Average lost 0.2% to 49,374.1 intraday Monday.Among sectors, communication services saw the biggest drop, while energy paced the gainers.West Texas Intermediate crude oil was up 6% at $88.90 per barrel, while Brent rose 5.5% to $95.32.On Friday, oil prices plunged as Iran declared that the Strait of Hormuz was open, a key US demand. Tehran, however, took back control of the waterway Saturday. Both sides have accused each other of violating a two-week ceasefire that is due to expire soon.The US Navy on Sunday seized an Iranian-flagged vessel that tried to move past a naval blockade, President Donald Trump said in a Truth Social post."Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re-escalation," ING Bank said in a report.The US is sending negotiators to Pakistan for a second round of peace talks, but Iran said it doesn't plan to participate in those negotiations.The ceasefire with Iran ends "Wednesday evening Washington time," CNN reported, citing Trump, who said it's "highly unlikely" he would extend it if the parties are unable to reach a deal before then.US Treasury yields were higher intraday, with the 10-year rate up one basis point at 4.25% and the two-year rate rising 2.1 basis point to 3.72%.In company news, QXO (QXO) has agreed to acquire insulation products company TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, the companies said Sunday. QXO shares were down 5.8% intraday Monday, while TopBuild surged 18%.Sila Realty Trust (SILA) agreed to be acquired and taken private by certain affiliates of Blue Owl Capital's (OWL) real estate unit in an all-cash deal worth roughly $2.4 billion. Sila Realty shares jumped 19%, while Blue Owl rose 0.5%.Some 46 S&P 500 companies have so far reported their latest quarterly financial results in the current cycle, with earnings and sales up around 32% and 13% year over year, respectively, Oppenheimer Asset Management said in a report. Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to the brokerage."It's too early to draw conclusions about first-quarter results, but the quarter appears to be off to a good start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.About 94 S&P 500 companies are scheduled to release their quarterly financials this week, according the brokerage. Those include Tesla (TSLA), Intel (INTC), IBM (IBM), Texas Instruments (TXN), Philip Morris International (PM), Procter & Gamble (PG), GE Aerospace (GE), UnitedHealth Group (UNH), and RTX (RTX).Gold was down 1% at $4,829.40 per troy ounce, while silver dropped 2.1% to $80.16 per ounce.

Dow JonesNasdaq CompositeS&P 500$BLD$GE$IBM$INTC$OWL$PG$PM$QXO$RTX$SILA$TSLA$TXN$UNH

Sectors55d ago

Sector Update: Tech Stocks Mixed Monday Afternoon

Tech stocks were mixed Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) 0.2% lower and the State Street SPDR S&P Semiconductor ETF (XSD) rising 1.4%.The Philadelphia Semiconductor index was little changed.In corporate news, Alphabet's (GOOGL) Google has built a strike team of engineers and researchers to enhance its AI coding models, The Information reported. Alphabet was down 0.9%.Google is negotiating with Marvell Technology (MRVL) to develop two new processors optimized for AI inference tasks, The Information reported. Marvell shares popped 6.2%.Meta Platforms (META) plans to initiate its planned layoffs for this year on May 20, and more cuts are expected later, Reuters reported. Meta shares fell 2.3%.

$GOOGL$META$MRVL

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US Markets55d ago

Equities Drop Intraday, Oil Rebounds Amid US-Iran Re-Escalation Fears

Dow JonesNasdaq CompositeS&P 500$BLD$GE$IBM$INTC$OWL$PG$PM$QXO$RTX$SILA$TSLA$TXN$UNH