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Page 4 of 2932

Citigroup Cuts Newmont Price Target to $125 From $150, Buy Rating Kept

Newmont (NEM) has an average rating of overweight and mean price target of $135.16, 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: $92.35, Change: $+3.15, Percent Change: +3.53%

$NEM

Wire2h ago

Update: Equifax's Shares Fall After Q2 Results, Q3 Outlook

(Updates with the latest stock price movement in the headline and first paragraph.)Equifax (EFX) shares were down nearly 6% in Tuesday trading after the company reported Q2 results, issued Q3 guidance and updated its 2026 outlook.The company reported Q2 adjusted earnings Tuesday of $2.25 per diluted share, up from $2 a year earlier.Analysts polled by FactSet expected $2.20.Operating revenue for the quarter ended June 30 was $1.70 billion, compared with $1.54 billion a year earlier.Analysts expected $1.70 billion.The company expects Q3 adjusted EPS of $2.15 to $2.25 and revenue of $1.68 billion to $1.71 billion. Analysts expect $2.26 in adjusted EPS on revenue of $1.71 billion.For 2026, Equifax now expects adjusted EPS of $8.39 to $8.69, compared with its previous guidance of $8.34 to $8.74. Revenue for the year is now estimated at $6.71 billion to $6.78 billion, from $6.69 billion to $6.81 billion previously. Analysts expect $8.62 in adjusted EPS on revenue of $6.77 billion.In addition, Equifax said it signed a definitive deal to acquire Circulo de Credito for an enterprise value of $750 million. The company expects to close the transaction in Q4.Price: $169.36, Change: $-10.72, Percent Change: -5.95%

$EFX

Wire2h ago

Market Chatter: America's Car-Mart Exploring Potential Asset Sales

America's Car-Mart (CRMT) has been exploring potential asset sales that could result in a complete wind down, either in or out of bankruptcy court protection, Bloomberg reported Tuesday, citing people familiar with the matter.The subprime auto dealer recently reported a steep drop in inventory as well as in car sales, while Chief Executive Doug Campbell noted that the company is looking for new financing to reignite operations, the report said.America's Car-Mart didn't immediately reply to a request for comment from.(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: $3.26, Change: $-0.20, Percent Change: -5.65%

$CRMT

Wire2h ago

Truist Securities Raises Genuine Parts Price Target to $126 From $124, Hold Rating Maintained

Genuine Parts (GPC) has an average rating of overweight and mean price target of $134.62, 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: $117.68, Change: $-4.73, Percent Change: -3.86%

$GPC

Research2h ago

Jefferies Downgrades UTZ Brands to Hold From Buy, $14.25 Price Target

UTZ Brands (UTZ) has an average rating of overweight and mean price target of $12.95, 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: $14.07, Change: $+6.62, Percent Change: +88.86%

$UTZ

US Markets2h ago

Hasbro Lifts Full-Year Revenue Outlook Following Second-Quarter Beat; Shares Jump

Hasbro (HAS) raised its full-year revenue guidance after reporting fiscal second-quarter results above Wall Street's expectations, sending the toymaker's shares higher Tuesday.The company now anticipates revenue to increase between 5% and 7% at constant currencies for 2026, compared with its prior outlook range of 3% to 5% growth.Net revenue for the quarter ended June 28 jumped 16% annually to $1.14 billion, exceeding the FactSet-polled consensus of $1.07 billion. Adjusted earnings fell to $1.28 a share from $1.30 a year earlier, but topped the Street's $1.14 views."Magic: The Gathering eclipsed $500 million in quarterly revenue for the first time in its 30-plus year history, led by the record-breaking debut of Marvel Super Heroes," Hasbro Chief Executive Chris Cocks said in an earnings release. "With strong indications for our remaining releases and line of sight to continued growth in 2027, the Magic flywheel is firing on all cylinders."The company's shares were up 8.6% in afternoon trade, bringing its year-to-date gains to 7.7%.Second-quarter revenue in the Wizards of the Coast and digital gaming division rose 27% to $663.8 million, driven by a 30% increase in tabletop gaming sales to $528.3 million. The digital and licensed gaming business' revenue increased 17%, while the entertainment segment saw a 20% drop related to "the nature and timing of deals," Hasbro said.The company lost about $25 million of revenue in the quarter due to a cybersecurity event identified earlier in the year and expects to incur additional costs related to the incident in the future, it said.Hasbro increased its share repurchase target for the year to a minimum of $200 million from $100 million, Chief Financial Officer and Chief Operating Officer Gina Goetter said in prepared remarks.The company also outlined its plans for its digital future. "We are taking lower conviction projects out of the portfolio, reducing our annual spend base and concentrating investment behind the places where Hasbro has the best chance to build durable digital franchises," Cocks said. "We expect our total digital spend to decrease at least 25% annually by 2028."Price: $87.41, Change: $+5.82, Percent Change: +7.13%

$HAS

Wire2h ago

Raymond James Cuts MSCI Price Target to $730 From $760

MSCI (MSCI) has an average rating of overweight and mean price target of $711, 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: $565.00, Change: $-60.11, Percent Change: -9.62%

$MSCI

Oil & Energy2h ago

US Oil Update: Crude Gains as Middle East Conflict, Houthi Threats Stoke Supply Fears

Crude futures advanced in midday trading on Tuesday as intensifying tit-for-tat between the US and Iran and fresh threats to key Middle Eastern energy chokepoints heightened concerns over potential supply disruptions.Front-month West Texas Intermediate crude futures rose 2.4% to $85.25 per barrel, while Brent futures climbed by 2.3% to $91.25/bbl.Saxo Bank strategists said that WTI settled near $83/bbl on Monday, its highest close since mid-June, after swinging through a five-dollar range.On Monday, the US military said that it launched another round of strikes on Monday night, targeting Iranian military command centers, launch sites and air defenses, to "further degrade" Tehran's capabilities to attack ships in the Strait of Hormuz.The tenth round of air strikes follows President Trump's vow that Iran "will pay" for killing American soldiers.Iran, in response, said it struck two oil tankers in the strategic waterway, as well as US military assets in Bahrain, Kuwait and Jordan, according to Iranian media reports.Kuwait said that multiple crew members were injured in Iranian strikes on a Kuwaiti tanker passing through the Hormuz on Monday night.According to a Kuwait Ministry of Foreign Affairs' statement on Tuesday, the country renewed its demand for Iran to immediately cease its illegitimate attacks, emphasizing Kuwait's reservation of its right to take necessary measures, and holding Iran fully responsible for this aggression and its ongoing assaults against Kuwait.The UK Maritime Trade Operations said two vessels reported being struck by unknown projectiles in and near the Strait.Soojin Kim, research analyst at MUFG, said that risks to regional energy supplies remain elevated as attacks on vessels in the Hormuz disrupted shipping traffic, while Yemen's Houthis threatened Saudi maritime exports through the Red Sea.Meanwhile, two tankers that loaded Saudi crude bound for China and India this week reportedly made U-turns and were headed toward the Suez. Kpler said in a post on X that the diversions could be an early indication of broader changes in tanker trade flows.The course reversal comes a day after Yemen's Houthis threatened a maritime embargo against Saudi Arabia, warning that any further escalation by Riyadh would be met with a broader response.On the supply front, the International Energy Agency said on Monday that it is "closely monitoring the situation in oil markets" as escalating hostilities in the Middle East increase concerns over security of supplies.IEA executive director Fatih Birol said that markets "continue to benefit from several cushioning factors," including significant supplies from Persian Gulf producers such as Saudi Arabia and the UAE.

Wire2h ago

Morgan Stanley Raises Price Target on Marsh & McLennan to $180 From $175, Maintains Equalweight Rating

Marsh & McLennan (MRSH) has an average rating of Hold and mean price target of $200.05, 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: $182.29, Change: $+0.19, Percent Change: +0.10%

$MRSH

Equities2h ago

Fluor Wins Front-End Engineering, Design Contract for New Bahrain Petrochemical Facility

Fluor (FLR) secured a contract from Gulf Petrochemical Industries to carry out the front-end engineering and design for a new aromatics facility in Bahrain.Financial details weren't disclosed.The project will expand Gulf Petrochemical's existing complex, which produces ammonia, urea and methanol, Fluor said Tuesday in a statement. The new facility will produce 1.2 million metric tons of paraxylene and 500,000 tons of benzene annually, the company said.Price: $51.39, Change: $+1.90, Percent Change: +3.83%

$FLR

Wire2h ago

America's Car-Mart Exploring Potential Asset Sales, Bloomberg Reports

$CRMT

Wire2h ago

Argus Raises GE Aerospace Price Target to $395 From $355

GE Aerospace (GE) has an average rating of overweight and mean price target of $397.05, 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: $341.41, Change: $+0.11, Percent Change: +0.03%

$GE

Research2h ago

Northcoast Research Upgrades Mueller Industries to Buy From Neutral, $75 Price Target

$MLI

Mining & Metals2h ago

Champion Bear Resources Secures Drilling Contract For Plomp Farm Pit Study

Champion Bear Resources (CBA.V) on Tuesday said it secured a drilling contract to support a focused pit study at its Plomp Farm project.The company also intends to update its National Instrument 43-101 technical disclosure for the Plomp Farm project, located west of Dryden in northwestern Ontario, subject to completion of the planned pit study and supporting technical work.Champion Bear expects to complete the upgraded NI 43-101 technical disclosure on or about Aug. 15, following the completion of drilling, receipt and validation of assay results, geological modelling, technical review, and any needed qualified person approvals, it said."This next phase of drilling is intended to test key areas beneath the slough and provide the technical data required to support a more modern geological model and future project advancement," said chief executive Richard Kantor.The company's shares were last seen up C$0.005 to C$0.07 on the TSX Venture Exchange.Price: $0.07, Change: $+0.01, Percent Change: +7.69%

$CBA.V

Commodities2h ago

US Natural Gas Update: Futures Slip as Milder Weather, Weak LNG Demand Weigh on Prices

US natural gas futures moved slightly lower in midday trading Tuesday as moderating weather forecasts, weaker LNG feedgas demand, and potential disruptions from a tropical storm weighed on market sentiment.The front-month Henry Hub contract and the continuous natural gas futures contract each declined 0.10% to $2.856 per million British thermal units.NatGasWeather.com on Tuesday said it projects US gas demand to be "moderate-high" over the next five days before rising to "high" levels in the following week.The forecaster said much of the country is expected to experience above-normal temperatures, with highs reaching the upper 80s to 100s degrees Fahrenheit and some locations potentially seeing temperatures in the 110s.Cooler conditions are expected across parts of the Midwest, Great Lakes, and Northeast as weather systems bring showers, thunderstorms, and highs in the 70s and 80s degrees Fahrenheit.Demand is then expected to strengthen during the 7-15 day outlook as much of the country remains warmer than normal.Meanwhile, Aegis Hedging said a tropical depression was upgraded to Tropical Storm Bertha and is forecast to move westward along the US Gulf Coast. However, the National Weather Service warned Tuesday that the storm's projected path and intensity remain "highly uncertain."Aegis said Bertha is unlikely to significantly affect natural gas supply infrastructure but could pose risks to LNG shipping activity and create a modest downside risk to cooling demand across the US South.Domestic consumption has also begun to soften as milder temperatures settle across the eastern half of the country, according to NRG Energy.Over the past week, US natural gas demand ranged between 113 billion cubic feet per day and 105 Bcf/d, with a notable decline heading into the weekend.Additional pressure came from rising renewable power generation. Trading Economics reported that US solar and wind output reached near-record levels in July, reducing the share of electricity generation supplied by gas-fired power plants.Despite softer demand trends, production has continued to climb. Average natural gas output in the Lower 48 states increased to 110.5 Bcf/d so far in July, up from 110 Bcf/d in June, according to Trading Economics, adding to the perception of the market as oversupplied.LNG export demand remains a bearish factor for the market following Freeport LNG's announcement of extended maintenance from July 10 through the end of August. The outage is expected to reduce LNG feedgas demand by roughly 1 Bcf/d, NRG said.However, longer-term export growth received a boost after Cheniere Energy's (LNG) Corpus Christi Stage III Train 7 received a key regulatory approval, allowing LNG production to begin in mid-August.The final liquefaction train is expected to be completed by mid-September, bringing the Stage III expansion project to completion.Price: $262.91, Change: $-2.04, Percent Change: -0.77%

$LNG

Wire2h ago

Top Midday Gainers

Utz Brands (UTZ) shares surged 89% after Germany-based Intersnack said Tuesday it agreed to buy the US snacks maker in a $2.9 billion take-private deal.Over 50.6 million shares traded intraday versus a daily average of roughly 1.9 million.Vivakor's (VIVK) supply and trading unit signed four recurring physical crude oil purchase and sale transactions with two commercial counterparties for an estimated annualized commercial value of about $289.2 million, the company said Tuesday.Shares surged 148% as intraday trading volume catapulted to over 118.5 million from a daily average of about 313,000.Intel (INTC) is planning to lay off workers in its data center group, Business Insider reported Tuesday, citing a company spokesperson. Separately, RBC Capital Markets said in a note that Intel is expected to report a decent Q2 supported by server CPU demand and pricing momentum.Shares jumped 8.2%, with intraday trading volume at more than 64.8 million versus the stock's daily average of about 134.8 million.Price: $14.10, Change: $+6.65, Percent Change: +89.19%

$INTC$UTZ$VIVK

US Markets2h ago

Update: Equity Markets Rise Intraday in Tech-Led Advance

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday as a rally in chip stocks drove the technology sector higher, even as tensions between the US and Iran remained high.The Nasdaq Composite was up 1.4% at 25,854.7 after midday Tuesday, while the S&P 500 advanced 0.9% to 7,508.7. The Dow Jones Industrial Average rose 0.9% to 52,280.4. Most sectors were in the green, led by tech's 2.2% gain, while consumer staples led the laggards.Micron Technology (MU) was among the best performers on the S&P 500, up nearly 13%, along with Sandisk (SNDK), which also surged almost 13%. Intel (INTC) jumped 8.1%, while Nvidia (NVDA) also moved higher."Stock traders today have shrugged off the news from the war in favor of buying the chip makers again, presumably on the hope that the (artificial intelligence) hyperscalers, when they report (second-quarter) earnings over the next few days, will also report large capital spending plans," Macquarie said Monday in a report. "That's hoped to boost the earnings outlooks for the hardware makers."West Texas Intermediate crude oil was up 2.4% at $85.25 a barrel intraday, while Brent rose 2.1% to $91.07.Kuwait, Bahrain and Jordan intercepted Iranian aerial attacks on Tuesday, CNN reported. The US Central Command said Monday its forces had struck Iran again.Two tankers carrying Saudi crude turned back in the Red Sea as Yemen's Iran-aligned Houthis threatened to strike vessels using Saudi ports, Reuters reported.Treasury yields were higher intraday, with the two-year rate up 3.8 basis points at 4.25% and the 10-year rate rising 2.8 basis points to 4.63%.In corporate news, 3M (MMM) raised its full-year earnings outlook as the industrial conglomerate reported second-quarter results above Wall Street's estimates. The stock was up 7.5% intraday, the biggest gain on the Dow.General Motors (GM) lifted its full-year profit guidance as the automaker recorded an unexpected year-over-year increase in its second-quarter revenue. The stock rose 5.4%.Danaher (DHR) slid 12%, the worst performer on the S&P 500. The medical equipment maker raised its full-year profit guidance as its fiscal second-quarter results came in stronger than expected, but it lowered the top end of its 2026 revenue growth outlook.Gold advanced 1.6% to $4,079.80 per troy ounce, while silver climbed 3.6% to $59.12 per ounce.

Dow JonesNasdaq CompositeS&P 500$DHR$GM$INTC$MMM$MU$NVDA$SNDK

Mining & Metals2h ago

Quantum BioPharma Plans to Settle Debt

Quantum BioPharma's (QNTM.CN, QNTM) board of directors approved the settlement of C$123,487.43 owing to arm's length creditors and insiders of the company by issuing its Class B subordinate voting shares, it said late Monday.The shares will be issued at a deemed price per share based on the lower of C$4.26 and the closing price of the Class B shares on the Canadian Securities Exchange on the trading day immediately before the date of the closing of the debt settlement, added Quantum BioPharma.Shares of the company were last seen down C$0.05 to C$4.21 on the Canadian Securities Exchange.Price: $4.21, Change: $-0.05, Percent Change: -1.17%

$QNTM.CN

Asia Markets2h ago

Update: Technology Leads US Equity Indexes Higher While Traders Weigh Escalation in Middle East

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes rose after midday Tuesday as a sharp move in chipmakers lifted technology to the top of sector charts and crude oil advanced amid diplomatic maneuvers to end hostilities in the Middle East.The Nasdaq Composite jumped 1.4% to 25,857.7, with the S&P 500 up 0.9% to 7,512.1 and the Dow Jones Industrial Average higher by 0.8% to 52,276.9.All sectors, except consumer staples, communication services, and real estate, rose. Technology was the standout gainer, up 2.2%.Out of the top ten companies with a market capitalization of more than $200 billion, all but one were from the technology sector, according to data compiled by Finviz. Within that tech dominance, six were from semiconductors and semiconductor equipment and materials industries, including Intel (INTC).Intel is planning to lay off workers within its data center group, Business Insider reported Tuesday, citing a company spokesperson. Its shares surged 8.1%, one of the top gainers on the S&P 500 and the Nasdaq.In earnings news, 3M (MMM) raised its full-year earnings guidance while reporting Q2 results above market expectations.General Motors (GM) lifted its outlook for full-year earnings as it recorded an unexpected year-over-year increase in Q2 sales.In geopolitical news, the Houthi-run SABA news agency said six ships attempting to pass through the Bab el-Mandeb Strait in the southern Red Sea were forced to reroute on Tuesday after being warned by the rebels, a day after they announced a maritime embargo against Saudi Arabia, according to the Associated Press.A desalination facility and power plants caught fire and suffered serious damage in Kuwait after new Iranian strikes targeted the crucial facilities, along with areas of Bahrain and Jordan, following the 10th consecutive night of US bombing, Al Jazeera, a Middle Eastern broadcaster, reported Tuesday.Meanwhile, Iranian Interior Minister Eskandar Momeni arrived in Pakistan for high-level talks, news reports said. Mediators are proposing a 10-day ceasefire between Washington and Tehran, according to a Reuters report. President Donald Trump said Tehran is "desperate" to meet and talk, and threatened to attack a reported new Iranian nuclear site "very heavily," Al Jazeera reported.The front-month US West Texas Intermediate rose 2.4% to $84.44 a barrel, and global benchmark North Sea Brent climbed 2.2% to $91.19 a barrel as diplomatic channels remain open amid a severe escalation in the war.US Treasury yields rose, with the 10-year up three basis points to 4.63%. The two-year jumped four basis points to 4.26%.In precious metal markets, gold futures advanced 1.5% to $4,076.7, and silver futures surged 3.7% to $59.19.In economic news, Redbook US same-store sales rose by 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week.The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index rose to 7.4 in July from minus 25.8 in the previous month, indicating expansion in the sector. This is the first positive reading for the index since October 2024.

Dow JonesNasdaq CompositeS&P 500$GM$INTC$MMM

Sectors2h ago

Sector Update: Energy Stocks Higher Tuesday Afternoon

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.6%.The Philadelphia Oil Service Sector Index was climbing 1%, and the Dow Jones US Utilities Index was down 0.2%.In geopolitical news, the Houthi-run SABA news agency said six ships attempting to pass through the Bab el-Mandeb Strait in the southern Red Sea were forced to reroute on Tuesday after being warned by the rebels, a day after they announced a maritime embargo against Saudi Arabia, according to the Associated Press.Front-month West Texas Intermediate crude oil climbed 2.2% to $85.09 a barrel, and the global benchmark Brent crude contract rose 2% to $91.04 a barrel. Henry Hub natural gas futures increased 0.1% to $2.86 per 1 million BTU.In corporate news, Shell (SHEL) resumed operations at a 200,000-barrel-per-day crude oil unit at its Pernis oil refinery in the Netherlands on Monday following a brief disruption, Reuters reported. Shell shares were up nearly 1%.Shell, TotalEnergies (TTE) and BP (BP) are in negotiations to supply 15 to 18 cargoes of liquefied natural gas per month to Egypt for at least three years, Reuters reported. TotalEnergies shares climbed 3.3%, and BP added 1%Diamondback Energy (FANG) is expected to deliver a strong Q2, with total and oil production above the midpoint of guidance and cash flow per share projected to be 2% ahead of the Street estimate, UBS Securities said in a note. Diamondback shares climbed 1.8%.

$BP$FANG$SHEL$TTE

Showing 61-80 of 58632

Asia Markets2h ago

Update: Technology Leads US Equity Indexes Higher While Traders Weigh Escalation in Middle East

Dow JonesNasdaq CompositeS&P 500$GM$INTC$MMM