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Chemical Prices Gain as US-Iran Fighting Resumes, TPH Says

Prices for several key chemicals climbed last week as renewed fighting between the US and Iran and the effective closure of the Strait of Hormuz fueled supply concerns, TPH Energy Research analyst Matthew Blair said on Tuesday.US polyethylene prices rose 4 cents per pound to 44 cents/lb after trading within 1 cent of pre-conflict levels over the previous two weeks. Demand may also have been supported by stronger US consumer spending, with June retail and food services sales increasing 7% year over year.US methanol prices gained $20 per tonne to $451/tonne, extending their premium to $116/tonne above pre-conflict levels. Blair said several Iranian utility suppliers that were damaged during the earlier phase of the conflict in the second quarter have yet to resume normal operations. He said it was a factor expected to constrain the country's methanol production.MTBE posted the strongest gains, rising 30 cents to $3.41 per gallon, leaving prices $1.30/gal above pre-conflict levels. The increase comes as China's MTBE operating rates have declined in recent weeks due to planned maintenance, tightening supply.The price moves are broadly positive for major chemical producers. Higher polyethylene prices are supportive for Dow (DOW), LyondellBasell (LYB), and Westlake (WLK), while stronger methanol prices benefit Methanex (MEOH) and LyondellBasell. Higher MTBE prices also provide an earnings tailwind for LyondellBasell.Price: $31.07, Change: $+0.70, Percent Change: +2.29%

$DOW$LYB$MEOH$WLK

Wire1h ago

AMC Poised for Strong H2 After Q2 Beat, Wedbush Says

AMC Entertainment (AMC) is well positioned for a strong H2 of 2026 and into 2027 following better-than-expected Q2 results, Wedbush said in a Tuesday note.The report pointed to momentum supported by market share gains, a more consistent release slate over the next several quarters, and debt reduction plans.AMC will continue to close unproductive doors, shore up its balance sheet, and co-invest in upgrades in most productive theaters to drive higher revenue per screen, the note said."We expect the 2026 box office to rise mid-teens% YoY, and AMC to gain market share in the year," the report said.Wedbush kept its outperform rating while raising its price target to $4 from $3.Price: $2.27, Change: $-0.20, Percent Change: -7.93%

$AMC

Asia Markets1h ago

European Equities Traded in the US as American Depositary Receipts Rise in Tuesday Trading

European equities traded in the US as American depositary receipts were climbing sharply higher late Tuesday morning, rising 1.57% to 1,909.91 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by telecommunications company Nokia (NOK) and biopharmaceutical company argenx (ARGX), which rose 5.5% and 2.3% respectively. They were followed by lender Banco Bilbao Vizcaya Argentaria (BBVA)and oil and gas company Eni (E), which were up 2.2% and 0.9% respectively.The decliners from continental Europe were led by software firm SAP (SAP) and consumer goods company Unilever (UL), which fell 1.7% and 1.3% respectively. They were followed by healthcare tech company Royal Philips (PHG) and 3D printer company Materialise (MTLS), which were down 1% and 0.8%. respectivelyThe gainers from the UK were led by mining company BHP Group (BHP) and lender Lloyds Banking Group (LYG), which advanced 2.7% and 2.1%, respectively. They were followed by lender Barclays (BCS) and biotech firm Autolus Therapeutics (AUTL), which gained 2% and 0.9%, respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX) and communications company WPP (WPP), which lost 6.3% and 4.3% respectively. They were followed by telecommunications operator Vodafone Group (VOD) and tobacco company British American Tobacco (BTI), which dropped 1.2% and 1% respectively.

$AKTX$ARGX$AUTL$BBVA$BCS$BHP$BTI$E$LYG$MTLS$NOK$PHG$SAP$UL$VOD$WPP

Oil & Energy1h ago

Market Chatter: Bessent Says China's Iranian Oil Purchases Have Declined Sharply

US Treasury Secretary Scott Bessent said China's purchases of Iranian oil have dropped sharply after US sanctions targeted independent Chinese refineries, according to a Fox Business Network interview on Tuesday.Bessent said sanctions on China's private teapot refiners curbed Iranian crude imports, while China's overall crude purchases have fallen about 40% in recent months because of prices and ample strategic reserves, increasing pressure on Iran.The US Department of the Treasury did not immediately reply 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.)

Wire1h ago

Shell, TotalEnergies, BP in Talks With Egypt to Buy LNG Cargoes, Reuters Reports

$BP$SHEL$TTE

Commodities1h ago

UAE's Umm Shaif Gas Cap Development Project Advances With $6.2 billion FID

A $6.2 billion final investment decision has been reached for the development of the Umm Shaif Gas Cap development in the Umm Shaif and Nasr offshore concession in Abu Dhabi, operator Abu Dhabi National Oil Company and stakeholder TotalEnergies (TTE) said in separate statements on Tuesday.The project has the potential to unlock 600 million standard cubic feet per day of natural gas and associated gas liquids, sufficient to meet 10% of the UAE's daily gas needs.The project is expected to begin producing from 2030.The FID comprises three engineering, procurement and construction packages worth $5.1 billion for offshore infrastructure awarded to UAE-based and international contractors, along with a $365 million 14-well drilling program to be carried out by Adnoc Drilling over 18 months using three existing rigs.The FID follows the award of the Bab Gas Cap concession, expected to add 1.5 billion scfd of natural gas and associated liquids, and supports Adnoc's goal of a global LNG trading platform with 47 million tonnes per annum of marketable LNG capacity by 2035, Adnoc's statement said.Adnoc has a 60% interest in the project, with TotalEnergies holding 20%, China National Petroleum Corporation 10% and ENI 10%. Adnoc Offshore is the operator.

Wire1h ago

Kestra Medical's Bullish Fundamentals Driven by Large Total Addressable Market, Sustained Share Gains, Oppenheimer Says

Kestra Medical Technologies' (KMTS) bullish fundamentals are driven by a large total addressable market in the US, sustained share gains, and technology enhancements, Oppenheimer said in a Tuesday research note.The brokerage said it is seeking a better risk-reward entry point as share gains look priced into the stock, and true clinical differentiation of wearable cardiac defibrillators is difficult due to a lack of head-to-head trials.Analysts noted that their constructive view arises from the potential for the company's Assure wearable cardiac defibrillator to become a theranostics platform with multiple revenue drivers over time.The brokerage said it initiated coverage of the stock with a perform rating.Price: $23.00, Change: $-0.24, Percent Change: -1.03%

$KMTS

Wire1h ago

Workday's Core Growth Continues to Slow as AI Monetization Takes Time, Morgan Stanley Says

Workday (WDAY) faces slowing core growth, while artificial intelligence monetization remains in pilot phase and too early to drive meaningful near-term revenue growth, Morgan Stanley said in a note Tuesday.The investment firm said there is limited visibility into trends in Workday's Human Capital Management, or HCM, and Financial Management, or FINS, segments. HCM growth has slowed to 13% in fiscal 2026, and is expected to decelerate further to 9% in fiscal 2028, Morgan Stanley said.While FINS remains stronger with around 20% growth, overall subscription revenue is projected to grow at a 12% to 13% compound annual growth rate through fiscal 2028, suggesting Workday's overall market share will remain largely unchanged, with HCM losing share as FINS gains, according to the note.Management noted that fiscal Q1 results benefited from the previous quarter's deal slippage, making the sustainability of new annual contract value growth through H2 fiscal 2027 a key area to watch, the firm said."Until adoption moves beyond pilots and targeted deployments, it will be difficult for us and investors to underwrite AI as a near-term growth accelerator," the firm added.Morgan Stanley downgraded Workday to underweight from equal-weight, and cut its price target to $145 from $185.Shares of Workday were down more than 2% in Tuesday trading.Price: $144.11, Change: $-3.12, Percent Change: -2.12%

$WDAY

Wire1h ago

Sinda's Mexico Project Seen as Emerging Major Silver Asset, Morgan Stanley Says

Sinda (SIND) project in Mexico's Guanajuato mining district has the potential to become a major asset in one of the world's leading silver jurisdictions, Morgan Stanley said Tuesday in a report.Sinda is an exploration and development company advancing the Sinda Project, a large-scale silver-gold discovery containing about 361 million ounces of silver-equivalent inferred resources and 15 million ounces of indicated resources, with grades that rank it among the higher-quality undeveloped underground deposits in Latin America, the report said.The project offers "meaningful" resource growth and discovery potential, with only 26% of the property explored and 38% of the identified veins drilled, Morgan Stanley said.The company is expected to focus on infill drilling, resource conversion, and exploration across the Caracol and Agaves zones to support future economic studies and potentially expand the project's life-of-mine and production profile, the report said.Morgan Stanley initiated coverage of Sinda stock with an overweight rating and a $16.40 price target.Price: $12.99, Change: $+0.56, Percent Change: +4.51%

$SIND

Wire1h ago

Wix.com's Prospects for Durable Growth, Expanding Margins Harder to Underwrite, Morgan Stanley Says

Wix.com's (WIX) prospects for durable growth, with increased operating discipline expanding margins and compounding free cash flow generation, has become harder to underwrite, Morgan Stanley said in a Tuesday research note.A critical concern for the company is that growth is not inflecting despite Base44 strength, raising a more fundamental question around the health of the core website-building business, especially as its partners program sees a slowdown and the company has reduced its fiscal 2026 bookings and revenue expectations, Morgan Stanley said.While Base44 is growing quickly, it is also extremely compute and intensive on sales and marketing expenses, ultimately weighing on FCF generation, Morgan Stanley said, adding that the market lacks conviction that vibe-coding tools are a durable, margin-accretive revenue stream."We expect concerns around potential website-building disruption and the compute, operating expense intensity of vibe-coding to remain an overhang on the multiple, keeping shares largely range-bound and underpinning a balanced risk-reward from here," according to the note.Morgan Stanley lowered its rating on the company's stock to equal-weight from overweight and adjusted its price target to $60 from $112.Price: $52.57, Change: $-0.79, Percent Change: -1.48%

$WIX

Wire1h ago

Salesforce's Solid Agentforce Performance Yet to Drive Organic Growth Inflection, Morgan Stanley Says

Salesforce (CRM) has been disrupting its business to be in a better position for the agentic era, but solid Agentforce key performance indicators, or KPIs, have not yet driven an inflection in organic growth as its legacy portfolio drags continue, Morgan Stanley said in a note Tuesday.The investment firm said Salesforce shares will likely stay range-bound amid the absence of a significant growth inflection.The company's recent results indicated its AI momentum has been offset by a "deterioration and/or lack of upside to subscription revenue growth and visible forward-looking metrics," Morgan Stanley said.The investment firm said, however, that Salesforce is "one of the few scaled SaaS incumbents that appears to be actively trying to disrupt itself -- rather than defending only the legacy seat-based UI, management is decoupling the data, workflow, and action layers from its traditional application interface."The investment firm said that's likely the "correct move" because in an agentic world, the company will need to make its customer data, context, permissions, and workflow layer the monetizable surface.Morgan Stanley downgraded Salesforce to equal-weight from overweight and cut the company's price target to $185 from $287.Price: $171.51, Change: $-2.29, Percent Change: -1.31%

$CRM

Wire1h ago

Intuit's Competitive Moat Remains Strong Despite Near-Term Pressure, Morgan Stanley Says

Intuit (INTU) shares are likely to remain under pressure in the near term despite the company's strong competitive moat, as it will take time for investors to gain confidence in revenue acceleration, Morgan Stanley said in a note Tuesday.The primary investor debate centers around the viability of the TurboTax business, with concerns about AI disruption unlikely to be dispelled until fiscal Q3 results in May 2027.The brokerage said it sees risk around Intuit's upcoming fiscal Q4 results and the fiscal 2027 guidance. If management guides TurboTax in line with or above the Street's 6% consensus estimate, Morgan Stanley believes the market will view the guidance as aggressive and see downside risk due to perceived structural AI risks in tax.Intuit's accounting solutions should remain resilient against competition from large language models, benefiting from decades of proprietary data and context, according to the note.Morgan Stanley downgraded Intuit stock to equal weight from overweight and lowered its price target to $335 from $580.Price: $294.13, Change: $+0.31, Percent Change: +0.11%

$INTU

Mining & Metals1h ago

Metalsource Mining Adds Second Drill Rig at The Silver Hill Project

Metalsource Mining (MSM.CN) added a second drill at the Silver Hill project in North Carolina, it said on Tuesday.The company also expanded the drilling schedule to increase the drilling capacity. The second drill rig will focus on testing newly identified high-priority exploration targets generated through the property scale induced polarization survey, it said.Mobilization of the second drill rig and additional drilling crew are expected in early August.Price: $0.85, Change: $+0.01, Percent Change: +1.19%

$MSM.CN

Commodities1h ago

India Needs Phased Climate Disclosure Reforms to Strengthen BRSR, IEEFA Says

India should adopt a phased approach to strengthen climate-related disclosures under its Business Responsibility and Sustainability Reporting framework to better meet the needs of investors and lenders, the Institute for Energy Economics and Financial Analysis said in a note on Tuesday.It proposed a two-stage roadmap for integrating climate transition planning into the existing BRSR framework, arguing that the current reporting regime lacks the forward-looking, financially integrated information increasingly sought by capital providers.The recommendations build on two earlier IEEFA studies. One assessed climate transition plan disclosures by 33 Indian companies across six high-emitting sectors, while the other compared BRSR requirements with the International Sustainability Standards Board's IFRS S2 Climate-related Disclosures standard using IEEFA's transition plan assessment framework.According to IEEFA, the studies found that while BRSR provides a strong foundation for sustainability reporting, it does not adequately capture the transition plan information needed by investors and lenders to assess companies' climate strategies and associated financial risks.Based on those findings, IEEFA said the Securities and Exchange Board of India should work with companies to embed transition planning within the existing BRSR framework through a phased implementation rather than creating a separate disclosure regime.The proposed approach would strengthen existing reporting by reorganizing current disclosures, incorporating a limited set of priority metrics, and introducing additional requirements over time as companies improve their reporting capabilities, it said.IEEFA said integrating transition planning into BRSR through a phased process, supported by clear regulatory guidance, would improve the credibility and usefulness of corporate climate transition disclosures in India.Under the first phase, companies would provide a concise transition plan snapshot that consolidates information already required under BRSR alongside climate-related data that some companies currently disclose voluntarily outside the framework.The second phase would introduce a targeted set of additional disclosure metrics, prioritizing those that are material, practical to report, and aligned with the International Financial Reporting Standards Sustainability Disclosure Standards and the Transition Plan Taskforce framework.IEEFA said the phased rollout would mirror the implementation of BRSR Core, enabling companies to develop internal capabilities, data systems and assurance practices while allowing regulators to refine reporting guidance over time.

Wire1h ago

NICE's AI Growth Opportunity Will Take Longer to Materialize, Morgan Stanley Says

NICE's (NICE) artificial intelligence growth opportunity will likely take longer to materialize, Morgan Stanley analysts said in a Tuesday note.Analysts said they previously believed the market was overlooking NICE's positioning in Contact Center as a Service, or CCaaS, particularly due to its strong profitability relative to peers.While the company is approaching the CCaaS opportunity with urgency, having acquired Cognigy in 2025 and increasing its focus on expanding its channel presence, durable acceleration is yet to materialize, analyst noted.Analysts added that the company's organic reinvestment to support growth investments has meaningfully reduced forward free cash flow expectations.Morgan Stanley downgraded the stock's rating to equal-weight from overweight, and lowered its price target to $111 from $130.Price: $95.92, Change: $-5.42, Percent Change: -5.35%

$NICE

Wire1h ago

BlackLine's AI-Driven Growth Acceleration Likely to Take Time, Morgan Stanley Says

BlackLine's (BL) artificial intelligence-driven growth acceleration will likely take time because accounting customers require high levels of "accuracy, controls and auditability," Morgan Stanley said in a report Tuesday.The investment bank said BlackLine is well positioned to automate finance and accounting processes, but "risk-averse" customers may be slow to expand AI products beyond pilot programs. Early results for "Verity AI" were encouraging, though enterprise customers typically need several quarters to move to broader deployments, according to the report.BlackLine also faces execution risk as annual recurring revenue is growing by about 9%. The stock could face further valuation pressure if growth remains in the single digits, while "durable low- to mid teens growth" could make its valuation more attractive, the report said.Morgan Stanley downgraded BlackLine to equal-weight from overweight and lowered the price target to $33 from $50.Price: $29.49, Change: $-0.71, Percent Change: -2.35%

$BL

Wire1h ago

Evercore ISI Adjusts Price Target on Healthpeak Properties to $23 From $21, Maintains In Line Rating

Healthpeak Properties (DOC) has an average rating of overweight and mean price target of $22.03, 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://finwires.com/en/contact)Price: $22.37, Change: $+0.07, Percent Change: +0.34%

$DOC

Mining & Metals1h ago

Vector Science to Build Distributor Network For Peptide Portfolio Commercialization

Vector Science & Therapeutics (PAIN.V) plans to build a distributor network to support the commercialization of its peptide portfolio, the company said Tuesday.Peptides are short-chain amino acids and function as the building blocks of proteins. Vector's peptide portfolio, which have not been medically approved for any indication, is targeting areas of musculoskeletal conditions, soft tissue injury, and degenerative joint disease. Vector's offerings span orthopedic, sports, and regenerative medicine, a statement said.The company's network will aim to place Vector's peptide-based products directly in places where these conditions are managed like sports medicine practices, outpatient surgery centers, and athletic training environments.Vector shares were last seen up C$0.06, to C$1.68, on the TSX Venture Exchange.Price: $1.67, Change: $+0.05, Percent Change: +3.09%

$PAIN.V

Asia Markets1h ago

Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Tuesday Trading

Asian equities traded in the US as American depositary receipts were surging higher Tuesday morning, rising 1.94% to 2,917.79 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor companies ASE Technology (ASX) and Silicon Motion Technology (SIMO), which climbed 8% and 6.6% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and fintech firm Jiayin Group (JFIN), which advanced 6.4% and 4.2% respectively.The decliners from North Asia were led by online game developer The9 (NCTY) and tech company Alibaba Group (BABA), which fell 3.2% and 1.7% respectively. They were followed by streaming music service Tencent Music Entertainment Group (TME) and education company 17 Education & Technology Group (YQ), which increased 1.5% and 1.4% respectively.From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which rose 6.2% and 2.2% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender HDFC Bank (HDB), which were up 1% and 0.8% respectively.The decliners from South Asia were led by fintech company Trident Digital Tech (TDTH) and IT firm Infosys (INFY), which dropped 2.9% and 0.8% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator PLDT (PHI), which were off 0.6% and 0.3% respectively.

$ASX$BABA$CAN$HDB$HIMX$INFY$JFIN$NCTY$PHI$RDY$SIFY$SIMO$TDTH$TLK$TME$YQ

Wire1h ago

Adobe's Freemium, Management, Reinvestment Transitions Compound Execution Risk, Morgan Stanley Says

Adobe's (ADBE) transitions in its freemium business model, management, and AI reinvestments compound execution risk as generative AI disruption obscures the path to annual recurring revenue reacceleration, Morgan Stanley said in a Tuesday research report.The uncertainty around organizational restructuring and execution risk is likely to weigh on investor sentiment, "keeping the multiple depressed and range-bound," the brokerage stated.While each company transition could be managed in isolation, a convergence raises the bar for execution when other segments of software offer "cleaner evidence" of durable growth and operating leverage, according to the note.The company does not lack innovation, but translation of that innovation into durable ARR acceleration is increasingly difficult to underwrite as pools of creative cloud ARR become more exposed to GenAI substitution risk, analysts wrote.The brokerage said it downgraded the stock to underweight from equalweight and cut its price target to $240 per share from $365.Price: $229.14, Change: $-5.60, Percent Change: -2.39%

$ADBE

Showing 41-60 of 58507

Commodities1h ago