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Sector Update: Healthcare Stocks Advance Monday Afternoon

Healthcare stocks were higher Monday afternoon, with the NYSE Healthcare Index rising 0.8% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.9%.The iShares Biotechnology ETF (IBB) advanced 0.5%.In corporate news, Forte Biosciences (FBRX) shares soared 39% after it agreed to be acquired by Argenx (ARGX) in a deal worth about $2.2 billion. Argenx shares were down 2.2%.AstraZeneca (AZN) shares were up marginally after it posted higher Q2 core earnings and revenue, and raised its interim dividend.Ensign (ENSG) shares climbed 4% after it reported higher Q2 adjusted earnings and revenue, and raised its 2026 outlook.

$ARGX$AZN$ENSG$FBRX

Wire8d ago

Cognizant Reports Picked to Modernize Technology for Andover

Cognizant Technology Solutions (CTSH) said Monday it has struck a five-year partnership with The Andover Companies to scale its systems, unify its data, and help lay the foundation for AI adoption in underwriting and claims.The company said it will modernize integration of Andover's core policy administration platform to its digital properties, build a new enterprise data platform and boost its policyholder- and digital portals security.Price: $47.65, Change: $+2.20, Percent Change: +4.83%

$CTSH

Sectors8d ago

Sector Update: Tech Stocks Fall Monday Afternoon

Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 2.6%.The Philadelphia Semiconductor index slumped 4.3%.In sector news, DeepSeek has suspended its second fundraising round after informing some prospective investors that investment agreements would not be signed as expected, Bloomberg reported Saturday. The pause followed viral online posts widely attributed to founder Liang Wenfeng about US-China AI competition.In corporate news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative. Separately, Nvidia is in talks to provide a roughly $250 billion financial backstop for Microsoft-backed (MSFT) OpenAI as part of a massive data center project in southern Ohio that could cost more than $500 billion, The Wall Street Journal reported Sunday. Nvidia shares were down 5.4%.ASML (ASML) shares fell nearly 7% after The Information reported that a Chinese state-backed company has started manufacturing some chipmaking equipment that could impact ASML's market position.Amazon.com's (AMZN) Leo subsidiary filed with the US Federal Communications Commission to launch and operate a new constellation of up to 5,105 satellites designed to connect compatible mobile devices directly from space. Amazon shares eased 0.2%.

$AMZN$ASML$NVDA

Sectors8d ago

Sector Update: Consumer

Consumer stocks were higher Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.1%.In corporate news, Coca-Cola FEMSA (KOF) shares jumped past 5% after the company reported better than expected Q2 earnings and revenue.

$KOF

Sectors8d ago

Sector Update: Energy

Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index falling 2% and the State Street Energy Select Sector SPDR ETF (XLE) declining 1.5%.The Philadelphia Oil Service Sector Index was shedding 1.3%, and the Dow Jones US Utilities Index was down 1.3%.Oil prices fell after President Donald Trump said the US and Iran were in "very deep talks," fueling optimism about the prospects of de-escalation between the two nations, though Trump also said military action could resume if diplomacy fails, according to Axios. Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported.Front-month West Texas Intermediate crude oil fell 7.3% to $82.76 a barrel, and the global benchmark Brent crude contract dropped 6.2% to $86.01 a barrel. Henry Hub natural gas futures shed 3.6% to $2.77 per 1 million BTU.In corporate news, Expand Energy (EXE) has agreed to buy private asset-backed natural gas and power marketer Twin Eagle from Five Point Infrastructure for about $1.25 billion, becoming North America's leading gas marketer. Expand Energy shares were 0.1% higher.

$EXE

Wire8d ago

Waste Connections Plans Canadian Dollar Senior Notes Offering Due 2033, 2036

Waste Connections (WCN) plans to offer two series of Canadian dollar-denominated senior notes due in 2033 and 2036.The senior unsecured notes will be offered in an underwritten public offering in the US and through private placements in each Canadian province, the company said Monday in a statement.Waste Connections said net proceeds, along with cash on hand, will be used to repay a portion of Canadian-dollar borrowings outstanding under its revolving credit facility.Price: $170.60, Change: $+0.98, Percent Change: +0.58%

$WCN

Sectors8d ago

Sector Update: Financial

Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.6%.The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.5%.Bitcoin (BTC-USD) was declining 0.9% to $64,771, and the yield for 10-year US Treasuries was decreasing 3.4 basis points to 4.645%.In corporate news, Bank of Hawaii (BOH) reported higher-than-expected Q2 earnings, but revenue growth fell short of market expectations. Its shares fell 3.9%.

$BOH

Wire8d ago

Market Chatter: Ford Motor Pursues US Military Contract for Tactical Truck

Ford Motor (F) has joined the competition to build the US Army's newest tactical truck, marking its pursuit of its largest military contract since the Cold War, The Wall Street Journal reported Monday.Ford secured a Defense Department contract to develop three truck prototypes based on its F-Series Super Duty pickups, according to the report.Ford did not immediately respond to' request for comment.(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.)Price: $14.44, Change: $+0.07, Percent Change: +0.45%

Wire8d ago

S&P 500 Second-Quarter Earnings Growth Reaches 70%, Oppenheimer Says

S&P 500 companies' second-quarter earnings growth reached 70%, driven by the information technology sector, where profits nearly tripled year on year, Oppenheimer Asset Management said in a report Monday.A total of 133 companies, or 27% of the index constituents, have reported second-quarter results, with profit growth accelerating to 70% year over year from about 52% up until a week ago. Revenue growth slowed to 12.6% from 16%, according to the report.Tech earnings soared 190% annually, followed by communications services companies, which reported 168% profit growth. Technology also had the highest annual revenue increase of 45% among 11 sectors, with financials showing a 17% jump.Prior to the start of the second-quarter reporting season, FactSet-polled consensus estimates projected S&P 500 earnings growth of nearly 24% year over year, Oppenheimer said.Another 169 S&P 500 companies are scheduled to report results this week, including four of the so-called Magnificent 7 companies Microsoft (MSFT), Meta Platforms (META), Apple (AAPL) and Amazon (AMZN).ExxonMobil (XOM), Visa (V), Mastercard (MA), AbbVie (ABBV), Chevron (CVX), Coca-Cola (KO) and Procter & Gamble (PG) also report this week."Looking at current valuations and the current earnings season, more factors appear to be getting better than getting worse," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.Oil prices slid Monday as President Donald Trump said the US and Iran were in talks. However, crude has rallied this month due to the apparent collapse of a preliminary US-Iran peace deal.Escalated tensions between the two nations sent the 10-year Treasury yield to 4.68% last week, the highest level since January 2025, Stoltzfus said.Price: $391.06, Change: $+9.36, Percent Change: +2.45%

$AAPL$ABBV$AMZN$CVX$KO$MA$META$MSFT$PG$V$XOM

Wire8d ago

Maison Solutions Regains Compliance With Nasdaq Listing Rule

Maison Solutions (MSS) said Monday it has received a Nasdaq notice confirming that the company has regained compliance with the annual meeting requirement under its listing rule.The rule requires the firm to conduct an annual meeting of stockholders no later than a year after the end of its fiscal year, according to a statement.The matter is now closed, the company said.Price: $1.84, Change: $-0.01, Percent Change: -0.27%

$MSS

Mining & Metals8d ago

Benton Resources to Spin Out Great Burnt Project to "Accelerate" Its Development

Benton Resources (BEX.V) is spinning out several mineral projects, including its Great Burnt Project, to privately-held Silverback Metals, the company said on Monday.If the arrangement closes, Benton shareholders would have a 45% equity stake in the new company, which will be led by Silverback's management team, including Vincent Dube-Bourgeois as executive chair, and exploration geologist Chris Arsenault as chief executive officer, a statement said.The company believes that having a separately funded early-exploration business will speed up development of the Great Burnt project, which is in south-central Newfoundland and Labrador. Silverback's Sail Pond Project is also in Newfoundland.A private placement to raise up to C$10 million will also be undertaken, to ensure exploration funds. Benton will retain a 5% shareholding and a 1% uncapped net smelter return (NSR) royalty in certain claims on the project.The spin-out is expected to be completed in November.Benton sharesPrice: $0.09, Change: $+0.01, Percent Change: +6.25%

$BEX.V

Mining & Metals8d ago

Neotech Metals Begins Metallurgical Process Development Program with Dorfner ANZAPLAN

Neotech Metals (NTMC.CN) on Monday said it started a metallurgical process development program with Dorfner ANZAPLAN GmbH, which will help develop a preliminary processing flowsheet for its Hecla-Kilmer rare-earth project in Ontario.The company expects a final report after the completion of the program, which will include information on recoveries, concentrate grades, reagent consumption, and recommendations for next steps, added Neotech."Our previous metallurgical work demonstrated that the apatite-hosted mineralization at Hecla-Kilmer responds well to conventional leaching under relatively mild conditions," said Chief Executive Officer Reagan Glazier. "Our objective with ANZAPLAN is to leverage those characteristics to develop a simple, conventional processing flowsheet capable of producing a high-purity rare earth product while evaluating additional value streams from niobium, gallium, and purified phosphoric acid."Shares of the company were last seen down C$0.01, or 3.7%, to C$0.26 on the Canadian Securities Exchange.Price: $0.26, Change: $-0.01, Percent Change: -3.70%

$NTMC.CN

Asia Markets8d ago

Exchange-Traded Funds, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded fund IWM rose and IVV edged down. Actively traded Invesco QQQ Trust (QQQ) eased 0.5%.US equity indexes traded mixed amid growing investor concerns over circular corporate investments and as crude oil prices plunged after a pause in Iran strikes entered its third day.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) fell 1.6% each.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) shed 1.1%; iShares US Technology ETF (IYW) fell 0.6%, and iShares Expanded Tech Sector ETF (IGM) was down 0.5%.The State Street SPDR S&P Semiconductor (XSD) slipped 1.9%, and iShares Semiconductor (SOXX) fell 3.2%.FinancialThe State Street Financial Select Sector SPDR (XLF) added 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 2.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 2.1%.CommoditiesCrude oil dropped 7.5%, and the United States Oil Fund (USO) fell 7.7%. Natural gas dipped 3.4%, and the United States Natural Gas Fund (UNG) fell 3.8%.Gold on Comex rose 0.5%, and the State Street SPDR Gold Shares (GLD) gained 0.7%. Silver was up 0.4%, and iShares Silver Trust (SLV) added 0.9%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was up 1.3%. The Vanguard Consumer Staples ETF (VDC) added 1.3%, and iShares Dow Jones US Consumer Goods (IYK) was up 1%.The State Street Consumer Discretionary Select Sector SPDR (XLY) was up 1%. VanEck Retail ETF (RTH) added 1.4%, and the State Street SPDR S&P Retail (XRT) gained 2.5%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 0.9% and iShares US Healthcare (IYH) added 0.9%, and Vanguard Health Care ETF (VHT) gained 0.9%. IShares Biotechnology ETF (IBB) was up 0.8%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) slipped 0.4%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were lower as well.CryptocurrencyIn midday activity, bitcoin (BTC-USD) gained 0.3%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 0.9%, ProShares Ether ETF (EETH) was up 4%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 1.2% higher.

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Treasury8d ago

US 5-Year Auction High Yield Rises From Previous Month, Demand Lower

The US Treasury's 5-year auction hit a high yield of 4.408% on Monday, up from the 4.200% high in the previous auction.The bid to cover ratio for the auction was 2.28, below the 2.35 ratio in the previous auction.Dealers represented 55.74% of the bids, with direct bidders at 14.67% and indirect bidders at 29.58%.For takedown, dealers took 13.53%, with direct bidders at 27.22% and indirect bidders at 59.24%.

Wire8d ago

Clorox Q4 Likely to Show No Major Surprises, UBS Says

Clorox (CLX) is not expected to deliver any major surprises in fiscal Q4, with focus likely on initial fiscal 2027 guidance, UBS Securities said in a note Sunday. The results are due Aug. 3."We do not expect any major surprises and believe 4Q top line and margin weakness is generally well understood," it said.Despite persistent market share losses, underlying consumption trends have shown modest improvement, the report said. Still, there are issues impacting Q4, including lapping shipment timing ahead of the ERP implementation a year ago, it added.The report also said it is difficult to have confidence in the top/bottom line trajectory at this stage amid attractive valuation, pointing to rising input costs, underlying demand still below historical averages, and a management transition to come.UBS kept a neutral rating with a price target of $100.Price: $96.99, Change: $+1.44, Percent Change: +1.51%

$CLX

Wire8d ago

Elanco Seems Best-Positioned Into Q2 Print Among Animal Health Stocks, UBS Says

Elanco Animal Health (ELAN) seems "best-positioned name" into the Q2 print, with IDEXX Laboratories (IDXX) appearing to be "more de-risked than compelling" and Zoetis (ZTS) looking safe rather than having a high upside, UBS said in its animal health preview note Monday.Elanco's accelerating momentum in US pet health segment through May, along with its Credelio Quattro product share gains, support a revenue beat for the quarter and guidance raise, UBS analysts said. They added that solid Q2 results, an increase in revenue for its innovation segment, and a positive outlook for H2 should drive up shares.For IDEXX, a recurring revenue beat in its companion animal group segment and an increase in placements for inVue product should help drive good results, the analysts said. They stated that stabilization of vet visits plus a clearer product catalyst at the company's Aug. 13 investor day would help boost sentiment on the stock further.Zoetis looks to have a limited downside currently, but for "meaningful" upside, the company needs a "cleaner" Q2 beat, a guidance reset that inspires more confidence, and more clarity on the pipeline in the next two years, the analysts said.UBS kept Elanco's stock rating at buy and price target at $31, maintained IDEXX's stock rating at neutral and cut its price target to $620 from $640, and reiterated Zoetis' stock rating at neutral and reduced its price target to $85 from $99.Price: $25.33, Change: $+0.41, Percent Change: +1.67%

$ELAN$IDXX$ZTS

Treasury8d ago

US 5-Year High Yield 4.408% vs 4.200% Previous; Bid/Cover 2.28 vs 2.35 Previous

Wire8d ago

Sonoco Products' Industrial Trends Improve as Consumer Volumes Lag, UBS Says

Sonoco Products' (SON) industrial business is performing better than expected amid uncertainty around its consumer-segment volumes, UBS Securities said Friday in a report.The industrial segment is supported by strong demand for uncoated recycled board, high plant utilization, productivity gains, and several growth opportunities, UBS said.In the consumer division, North American aerosol and adhesives and sealant markets linked to housing and discretionary spending were weaker in Q2, while demand for paper-based composite cans and pet-food packaging remained healthy internationally, the report said.UBS sees early signs of a solid Q3 as consumer-goods companies increase packaging orders ahead of late-summer and fall demand. Pricing actions, contract pass-throughs, and freight surcharges should help offset inflation, with productivity savings expected to accelerate, the report said.UBS raised its price target on Sonoco stock to $61 from $58 and maintained its neutral rating.Price: $58.66, Change: $+0.43, Percent Change: +0.74%

$SON

Sectors8d ago

Sector Update: Healthcare

Healthcare stocks were higher Monday afternoon, with the NYSE Healthcare Index rising 0.7% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.9%.The iShares Biotechnology ETF (IBB) advanced 0.7%.In corporate news, Forte Biosciences (FBRX) shares soared 39% after it agreed to be acquired by Argenx (ARGX) in a deal worth about $2.2 billion. Argenx shares were down 2%.

$ARGX$FBRX

Sectors8d ago

Sector Update: Tech

Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 1.9%.The Philadelphia Semiconductor index slumped 4%.In corporate news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative. Nvidia shares were down 4.8%.

$NVDA

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Asia Markets8d ago

Exchange-Traded Funds, US Equities Mixed After Midday

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH