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Sector Update: Consumer Stocks Edge Higher Pre-Bell Thursday

Consumer stocks were edging higher pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.2%.PepsiCo (PEP) stock was up 0.7% after the company posted higher fiscal Q1 core earnings and net revenue.Brown-Forman (BF.A, BF.B) continues to be in merger discussions with Pernod Ricard, Reuters reported, citing Pernod Ricard Chief Financial Officer Helene de Tissot. Brown-Forman shares were down 0.3% premarket.

$BF.A$BF.B$PEP$XLP$XLY

Sectors60d ago

Sector Update: Tech Stocks Flat to Higher Premarket Thursday

Technology stocks were flat to higher premarket Thursday, with the State Street SPDR S&P Semiconductor ETF (XSD) inactive and the State Street Technology Select Sector SPDR Fund (XLK) advancing by 0.3%.Taiwan Semiconductor Manufacturing (TSM) stock was down more than 1% even after the company posted higher Q1 earnings and net revenue.Guidewire (GWRE) shares were up more than 1% after the company said it launched an artificial intelligence assistant for property and casualty insurers.JinkoSolar Holding (JKS) shares were down nearly 10% after the company reported a wider Q4 net loss as revenue declined during the period.

$GWRE$JKS$TSM$XLK$XSD

International60d ago

March US Capacity Utilization 75.7% Vs. Expected 76.3%, Prior Revised 76.1%

International60d ago

March US Industrial Production Falls 0.5% Vs. Expected 0.1% Increase, Prior Revised 0.7% Gain

Research60d ago

Research Alert: Trv Posts Mixed Q1 Results Amid Improved Loss Costs And Top Line Erosion

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:The Travelers Companies Inc. (TRV) posted Q1 2026 operating EPS of $7.71 versus $1.91 a year ago, significantly topping our $5.42 estimate and the $7.08 consensus view, aided by catastrophe losses falling over 45% to $761M (pretax) from $2.27B. The Q1 combined ratio improved to 88.6% from 102.5%, while $413M in favorable prior-year loss development reflected across-the-board improvement in all segments. We view TRV's $1.5B technology investments and January partnership with Anthropic to expand AI capabilities positively, as the insurance industry typically lags in tech adoption. TRV noted these AI investments are positioned to generate productivity gains and competitive advantages. However, Q1 operating revenue growth was flat versus our 3%-6% forecast, while written premiums fell nearly 2%. We believe the erosion in top-line results removes a catalyst from the shares, as investors focus on production trends to gauge property-casualty market health after several years of strong pricing.

$TRV

Research60d ago

Research Alert: Schw Q1: Margin Expansion Powers Eps Beat, Revenue Slightly Below Estimates

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:The Charles Schwab Corporation (SCHW) posted a Q1 earnings beat of $1.43 vs. $1.39 consensus and $1.04 in the prior year, with quarterly net revenues of $6.48B (+16%) reaching a company record. Revenue growth was broad-based, with net interest revenue +16%, asset management and administration fees +15%, and trading revenue +20%. We think these results demonstrate the strength of SCHW's diversified business model amid market uncertainty. Asset gathering was strong, with 1.3M new brokerage accounts and $140B of core net new assets in Q1. Client engagement reached record levels, with daily average trading volume hitting 9.9M trades (+34%), while total client assets stood at $11.77T (+19% Y/Y). Net interest margin expanded to 2.88% from 2.53% in the prior year due to higher yields and improved funding. The firm's strong capital position enabled $2.4B in share repurchases and a 19% dividend increase to $0.32 per share. We believe SCHW's diversified model and deepening client relationships support continued growth.

$SCHW

Research60d ago

Research Alert: Pld Q1 Results In Line As Data Center Development Activity Accelerates

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:PLD reported strong Q1 results with revenue of $2.30B (+6.9% Y/Y) and rental revenue of $2.13B, beating consensus by $7M. Q1 core FFO of $1.50 (+5.6% Y/Y) exceeded the $1.49 estimate by $0.01, demonstrating solid operational execution. We continue to believe PLD is exceptionally well positioned to capitalize on sustained e-commerce growth and accelerating data center demand trends. Management raised core FFO guidance for FY 26 to $6.07-$6.23, representing a $0.05 increase at the midpoint from initial guidance. The company outlined robust capital expenditure plans, including development stabilizations of $2.25-$2.75B, development starts of $3.5-$4.5B (up $500M at midpoint), acquisitions of $1.0-$1.5B, and dispositions of $1.75-$2.25B. Same-store net effective rental growth guidance remained unchanged at 4.75%-5.50% for FY 26, reflecting management's confidence in underlying demand fundamentals and PLD's market-leading portfolio quality.

$PLD

Treasury60d ago

Fuel Costs Now Top Cost Constraint for Nearly Three in Four Small Businesses in Canada, Says CFIB

Fuel costs are now the top cost constraint on business growth, affecting nearly three in four firms, according to the latest Monthly Business Barometer by the Canadian Federation of Independent Business (CFIB), published on Thursday.Fuel costs posted the largest monthly increase, rising another 20 points in April alone, noted CFIB.In fact, CFIB said, concern over fuel costs has doubled in just two months, climbing from 36% in February to 74% in April.Other key takeaways from CFIB's monthly Business Barometer are: the average price increase plans jumped to 3.2% in April, the highest monthly change since the tariff war with the United States last March; and small business long-term optimism improved modestly to 58.5 points in April, following the sharp decline recorded in March.

$CXY

Sectors60d ago

Sector Update: Health Care

Health care stocks were leaning lower premarket Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) and iShares Biotechnology ETF (IBB) down 0.1%.Hims & Hers Health (HIMS) shares were up more than 8% after a senior US health official signaled plans to ease restrictions on certain peptides.

$HIMS

Sectors60d ago

Oil Moves Higher, But Remains Under US$100 on Hopes Around Talks Between the U.S. and Iran

Oil prices rose early Thursday, but remained firmly below the US$100 mark on hopes the United States and Iran will extend their ceasefire and resume talks to end war in the Middle East.West Texas Intermediate crude oil for May delivery was last seen up $0.43 to US$91.72 per barrel, while June Brent oil was up $0.95 to US$95.88.The U.S. Navy is blockading Iranian ports while Iran continues to block the Strait of Hormuz. However, U.S. President Trump's Wednesday comments that he, once again, thinks the end of the conflict is near, while Pakistan mediators continue to press for a resumption of talks between the two countries, is offering some hope for an end to a war that has kept the 20% of daily oil and gas demand from Persian Gulf Nations off the market.The supply shock has hit hardest in Asian nations, where some countries have introduced rationing while bidding up prices for immediately available supplies that are fetching near US$150 per barrel."Oil has steadied...on signs the US and Iran may extend a ceasefire and restart talks aimed at ending a war that has choked global supplies of key commodities from the Persian Gulf. This has triggered a major supply shock, the impact of which continues to build globally, with the relative calm and sub-USD 100 futures prices not fully reflecting the reality in the physical market," Saxo Bank noted.

$CLK6$LCOM6$USO

Sectors60d ago

Sector Update: Energy

Energy stocks were rising premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.3%.The United States Oil Fund (USO) was up 1.6% and the United States Natural Gas Fund (UNG) was 0.4% higher.Front-month US West Texas Intermediate crude oil was 1% higher at $92.19 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.6% to $96.44 per barrel, and natural gas futures were up 0.1% at $2.61 per 1 million British Thermal Units.TotalEnergies (TTE) shares were up more than 3% after the company said Q1 exploration and production results are expected to rise significantly, supported by higher oil prices and contributions from new projects.

$TTE

Commodities60d ago

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Amid Incoming Economic Data Releases

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1%, and the actively traded Invesco QQQ Trust (QQQ) was 0.2% higher in Thursday's premarket activity amid incoming economic data releases.US stock futures were also edging higher, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures advancing 0.1%, and Nasdaq futures gaining 0.2% before the start of regular trading.US initial jobless claims came in at 207,000, compared with expectations of 213,000 and a prior reading of 218,000.The New York Fed's regional services index for April was negative 14.0, versus expectations of negative 20.0 and a prior reading of negative 22.6.The Philadelphia Fed's regional manufacturing index for April rose to 26.7, above expectations of 10.0 and a prior reading of 18.1.The industrial production data for March will be released at 9:15 am ET, followed by the weekly natural gas data at 10:30 am ET.Fed Governor Stephen Miran is slated to speak on Thursday.In premarket activity, bitcoin was down by 1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% lower, Ether ETF (EETH) retreated by 2.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.01%, the Vanguard Health Care Index Fund (VHT) was up 0.7%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) slipped 0.1%.Hims & Hers Health (HIMS) stock was up more than 9% premarket after US Health and Human Services Secretary Robert Kennedy Jr. signaled plans to ease restrictions on certain peptides.Winners and Losers: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 flat. The iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.1%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Alibaba (BABA) shares were up more than 3% pre-bell after Bloomberg reported the retailer has launched a new AI model that creates 3D environments and interactive videos, expanding into gaming and content to compete more directly with Tencent.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.4%, and the iShares US Technology ETF (IYW) was 0.1% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 1.2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 0.6%, while the iShares Semiconductor ETF (SOXX) declined by 0.5%.Taiwan Semiconductor Manufacturing (TSM) shares were down more than 1% in Thursday's premarket activity even after the company reported higher Q1 earnings and net revenue.EnergyThe iShares US Energy ETF (IYE) was down 0.02% while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.02%.TotalEnergies (TTE) stock was up more than 1% before Thursday's opening bell after the company said that Q1 exploration and production results are expected to rise significantly, supported by higher oil prices and contributions from new projects.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.02%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.02% higher.Travelers (TRV) shares were down more than 1% pre-bell after the company's Q1 revenue trailed the estimates of analysts polled by FactSet.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.3%, while the Vanguard Industrials Index Fund (VIS) retreated 0.3% and the iShares US Industrials ETF (IYJ) was inactive.Willdan Group (WLDN) stock was up more than 1% before the opening bell after the company was awarded a $27 million, three-year contract with the New York City Mayor's Office of Climate & Environmental Justice to redesign and implement the NYC Accelerator program.CommoditiesFront-month US West Texas Intermediate crude oil gained by 0.2% to reach $91.45 per barrel on the New York Mercantile Exchange. Natural gas retreated by 0.2% to $2.61 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 0.8%, while the United States Natural Gas Fund (UNG) was 0.5% higher.Gold futures for May were up by 0.3% at $4,840.00 an ounce on the Comex. Silver futures gained by 0.1% to reach $79.68 an ounce. SPDR Gold Shares (GLD) was 0.4% higher, and the iShares Silver Trust (SLV) advanced by 0.3%.

Dow JonesNasdaq CompositeS&P 500$BABA$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$HIMS$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$QQQ$RTH$SLV$SOXX$SPY$TRV$TSM$TTE$UNG$USO$VDC$VHT$VIS$WLDN$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Asia60d ago

Zhongmiao Enters Cooperation Contract for Fire Safety Inspection Robot Development

Zhongmiao Holdings (Qingdao) (HKG:1471) entered into a strategic cooperation agreement with the University of Emergency Management in China, as well as Beijing Huizhi Zhong'an Technology, according to a Thursday Hong Kong bourse filing.The parties will form a long-term strategic collaboration to jointly develop an intelligent robot system for fire safety inspection.The cooperation will address technical challenges, including the intelligent identification of hazards in warehouses and autonomous emergency response.

HKG:1471

Sectors60d ago

Sector Update: Financial

Financial stocks were advancing premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.5% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.5%.Charles Schwab (SCHW) shares were down 0.1% after the company reported higher Q1 adjusted earnings and net revenue, with net revenue missing analysts' expectations.

$SCHW

Asia60d ago

Risecomm Group's Chair Steps Down

Risecomm Group (HKG:1679) said Zhao Luyi resigned as its chairman to focus on other business commitments effective Thursday, according to a same-day Hong Kong bourse filing.The software services provider is currently in the process of identifying a suitable candidate for the chairperson vacancy.

HKG:1679

Asia60d ago

MCC Names President

Metallurgical Corp. of China (SHA:601618, HKG:1618) or MCC appointed Chen Yang as its president on Thursday, according to a same-day Hong Kong bourse filing.Chen previously served as the chairman and secretary of the party committee of China First Metallurgical Group from January 2023 to March 2026.

HKG:1618SHA:601618

Asia60d ago

Yili Chuanning Biotechnology Issues 200 Million Yuan in 180-Day Bonds

Yili Chuanning Biotechnology (SHE:301301) issued 200 million yuan in 180-day bonds, according to a Thursday filing with the Shenzhen bourse.The bonds have an issuance rate of 1.57% and form part of a 1-billion-yuan issuance, the filing said.Industrial Bank (SHA:601166) is the bookkeeping manager and lead underwriter, while China Merchants Bank (SHA:600036, HKG:3968) is the joint lead underwriter.

HKG:3968SHA:600036SHA:601166SHE:301301

Asia60d ago

Brainhole Technology Sells 3,600 Shares in Netherlands-Incorporated Nebius

Brainhole Technology (HKG:2203) disposed of 3,600 shares in Nebius Group on the open market for around $600,000 or $159 apiece on Thursday, according to a same-day Hong Kong bourse filing.The semiconductor manufacturer will use proceeds for general working capital and other potential investment opportunities.Following the disposal, the firm now holds 11,000 shares in Nebius Group, which is a technology firm incorporated in the Netherlands.

HKG:2203

Asia60d ago

Hebei Changshan Biochemical Pharmaceutical Gets Kyrgyzstan Nod for Blood Thinning Injection

Drug regulators in Kyrgyzstan approved Hebei Changshan Biochemical Pharmaceutical's (SHE:300255) heparin sodium injection, according to a Thursday disclosure to the Shenzhen bourse.The drug helps treat thrombotic or embolic diseases, acting as a blood thinner that prevents blood clots, the filing said.

SHE:300255

Mining & Metals60d ago

Uranium Royalty Up 6.6% Premarket as It Agrees to Acquire Sweetwater Royalties for US$1.9 Billion

Uranium Royalty (URC.TO, UROY) rose 6.6% in premarket Nasdaq trade after the company on Thursday said it agreed to acquire Sweetwater Royalties from funds managed by Orion Resource Partners and the Ontario Teachers' Pension Plan for US$1.9 billion, including debt.The Vancouver-based company said it will switch its domicile to Delaware to complete the transaction. While keeping its Uranium Royalty name intact, it is referring to the switch as "New URC". Current shareholders will receive shares in New URC on a one-for-one basis, while Sweetwater owners will receive US$813 million in shares of the new company with a deemed price of US$3.64 and US$330 million in cash, while the New URC will assume US$625 million of Sweetwater debt.The deal will create the second-largest landowner in the United States, excluding REITs, and the largest landowner in Wyoming, where it will control 850,000 acres of surface-fee rights and 4.5-million acres of mineral rights, adding to URC's existing royalty portfolio in Saskatchewan's Athabasca Basin, Wyoming and Namibia. It will also make Uranium Royalty the largest publicly traded U.S. non-precious metals royalty company, it said.The acquisition also brings Sweetwater's soda-ash royalty portfolio in Wyoming, where it controls 200,000 acres in Wyoming's Known Sodium Leasing Area for the industrial mineral used for the production of glass, chemicals and other industrial products."We welcome this transformational combination that will accelerate near term cash flows from competitive and reliable, long-life assets located in a top-tier jurisdiction, Wyoming, in which we have a great deal of affinity and familiarity. More importantly, it provides a strong financial base to allow us to fully realize and expand our uranium focus at a time of historic growth in nuclear energy. The global uranium market is experiencing a meaningful primary supply deficit, expected to drive significant capital investment in the years ahead," chief executive Scott Melbye said in a release.The company said it will fund the transaction with cash on hand and a US$40-million offering of subscription receipts.Uranium Royalty shares were last seen up US$0,23 to US$4.15 in premarket trade. They closed up C$0.25 to C$5.40 Wednesday on the Toronto Stock Exchange.

$URC.TO$UROY

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Commodities60d ago