Financial News · Live Terminal

Page 4161 of 4311

Argus Raises Price Target on Johnson & Johnson to $275 From $240

Johnson & Johnson (JNJ) has an average rating of overweight and mean price target of $256.39, 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: $237.10, Change: $-3.00, Percent Change: -1.25%

$JNJ

Wire146d ago

Zoom Names Russell Dicker as Chief Product Officer

Zoom Communications (ZM) said Wednesday it has appointed Russell Dicker as chief product officer.Before joining Zoom, Dicker most recently served as corporate vice president of Product at Microsoft (MSFT), where he led the product management and data science organizations for Microsoft Teams, the company said.Shares of Zoom were up 7.4% in Wednesday afternoon trading.Price: $88.39, Change: $+5.99, Percent Change: +7.27%

$MSFT$ZM

Wire146d ago

Argus Lifts Price Target on Citigroup to $145 From $129

Citigroup (C) has an average rating of buy and mean price target of $138.48, 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://finwires.com/en/contact)Price: $131.67, Change: $+2.08, Percent Change: +1.61%

Wire146d ago

Wells Fargo Raises Price Target on Morgan Stanley to $200 From $189

Morgan Stanley (MS) has an average rating of overweight and mean price target of $194.23, 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: $191.68, Change: $+8.34, Percent Change: +4.55%

$MS

US Markets146d ago

Equities Mostly Rise Intraday as Trump Reportedly Says War Likely 'Very Close to Over'

US benchmark equity indexes were mostly higher intraday as President Donald Trump reportedly said the Iran was likely "very close to over."The Nasdaq Composite was up 1% at 23,873.7 after midday Wednesday, while the S&P 500 rose 0.4% to 6,998.1. The Dow Jones Industrial Average fell 0.3% to 48,376.9. Among sectors, consumer discretionary and technology paced the gainers, while industrials saw the steepest drop.Microsoft (MSFT) shares were up 4.4%, the top gainer on the Dow, with fellow tech majors Salesforce (CRM), Apple (AAPL), and IBM (IBM) among the best performers on the index.Trump said he sees the US-Israel war with Iran "as very close to over," news outlets reported, citing an interview on Fox Business Network conducted Tuesday and broadcast Wednesday. "We'll see what happens," Trump reportedly said. "I think they want to make a deal very badly."The army chief of mediator Pakistan arrived in Iran to try to prevent a renewal of the conflict, media outlets reported Wednesday."Markets have grown more confident that the Middle East crisis is moving toward a resolution, with the US and Iran arranging a second round of talks, and Tehran seemingly willing to halt shipments to avoid testing the US naval blockade," ING Bank said in a report.Iran's military has threatened to shut down shipping operations in the Red Sea, as well as the Persian Gulf and Sea of Oman if a US blockade of its ports continues, CNN reported.West Texas Intermediate crude oil was up 0.7% at $91.87 a barrel intraday, while Brent gained 0.6% to $95.40.In economic news, US homebuilder confidence sank this month to the lowest since September amid economic uncertainty, as well as increasing building material costs and interest rates, the National Association of Home Builders and Wells Fargo said."Builder sentiment has fallen back in spring as buyers face ongoing elevated interest rates and growing economic uncertainty," NAHB Chairman Bill Owens said. "The year started with hopes for housing momentum growth, but risks with respect to the Iran war, energy costs, and declines for consumer confidence have slowed the market."US Treasury yields were higher intraday, with the 10-year rate up 3.2 basis points at 4.29% and the two-year rate rising 2.1 basis points to 3.78%.In company news, Morgan Stanley (MS) and Bank of America's (BAC) first-quarter results topped Wall Street's estimates. Morgan Stanley's shares were up 4.6%, while Bank of America rose 2.2%.Snap (SNAP) shares jumped 7.6%. The social media company plans to lay off about 1,000 employees, or roughly 16% of its full-time workforce, as part of Chief Executive Evan Spiegel's efforts to reduce costs.Gold was down 0.7% at $4,815.30 per troy ounce, while silver fell 0.4% to $79.18 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$BAC$CRM$IBM$MS$MSFT$SNAP

Insider Trading146d ago

Crown Holdings Insider Sold Shares Worth $801,375, According to a Recent SEC Filing

Timothy J Donahue, Director, President & CEO, on April 15, 2026, sold 7,500 shares in Crown Holdings (CCK) for $801,375. Following the Form 4 filing with the SEC, Donahue has control over a total of 451,854 common shares of the company, with 451,070 shares held directly and 784 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1219601/000143774926012350/xslF345X05/rdgdoc.xmlPrice: $105.19, Change: $-1.96, Percent Change: -1.83%

$CCK

Research146d ago

Research Alert: CFRA Initiates Coverage On Shares Of Quebecor Inc. With A Hold Opinion

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We set our 12-month target price at CAD60, applying an EV/EBITDA multiple of 7.6x to our 2026 estimate, comparable to its five-year historical average multiple at 7.9x. We set our 2026 EPS estimate at CAD4.18 and initiate 2027's at CAD4.54. In the telecom segment, competition continues to intensify in the mobile and wireline telephony, Internet access, television, and over-the-top markets. Due to ongoing technological developments, the distinction between various platforms is fading, and QBR expects increasing competition from non-traditional businesses across its key business segments. In the media segment, the industry has been experiencing fundamental and permanent structural changes for years. Generalized audience fragmentation has prompted many advertisers to review their media placement strategies and turn a significant part of their advertising budgets over to international competitors operating solely in digital media.

$QBR.B

Sectors146d ago

Sector Update: Energy Stocks Mixed Wednesday Afternoon

Energy stocks were mixed Wednesday afternoon, with the NYSE Energy Sector Index easing 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) increasing 0.3%.The Philadelphia Oil Service Sector Index was adding 0.5%, and the Dow Jones US Utilities Index was shedding 0.7%.In sector news, President Donald Trump downplayed the possibility of an extended war in Iran. Trump said the war with Iran was close to over, telling the world to brace for an "amazing two days," as the army chief of mediator Pakistan arrived in Tehran in a bid to prevent a renewed conflict, Reuters reported. Pakistan's military confirmed Field Marshal Asim Munir had arrived in Tehran, the news report said. A senior Iranian source told Reuters that Munir, who had mediated the last round of talks, was heading to Iran "to narrow gaps" between the two sides.Front-month West Texas Intermediate crude oil was rising 0.7% to $91.87 a barrel, and the global benchmark Brent crude contract was advancing 0.6% to $95.40 a barrel. Henry Hub natural gas futures increased 0.2% to $2.61 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, declined by 5.1 million barrels in the week ended April 10 following an increase of 1.3 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks fell by 900,000 barrels after a 3.1-million-barrel increase in the previous week, compared with the 1.9-million-barrel increase expected in a survey compiled by Bloomberg.In corporate news, Spire (SR) has agreed to sell its natural gas storage assets in Wyoming and Oklahoma to I Squared Capital for $650 million, the companies said Wednesday. Spire shares were down 0.4%.Equinor's (EQNR) Danske Commodities said it eliminated about 28 positions in March, as the company aims to further its new commercial strategy. Equinor shares fell 1.7%.NOV (NOV) shares decreased 0.4% after the company said disruptions linked to the war in the Middle East are expected to weigh on its Q1 results, with revenue and earnings coming in below prior guidance due to logistical challenges and delayed equipment deliveries in the region.BP (BP) plans to simplify its business into two main divisions focused on oil and gas production and downstream operations, marking a shift away from its earlier energy transition strategy, multiple media sources reported Tuesday. BP shares were up 0.4%.

$BP$EQNR$NOV$SR

Mining & Metals146d ago

Great West Lifeco Remains Top Pick in CIBC Q1 LIfecos Preview

CIBC Capital Markets expects Canadian life insurers to post double-digit year over year earnings per share growth on average.Great West Lifeco (GWO.TO) remains top pick. Analyst Paul Holden expects the company to post the highest Y/Y EPS growth in the first quarter (19%). There is potential upside from a number of growth levers at Empower and a strong demand backdrop for capital solutions, he adds. An Empower bolt-on acquisition is a potential catalyst with estimated EPS accretion of ~6%. The stock is trading at a 6% premium to the group average on P/E, consistent with the historical premium.Manulife (MFC.TO) is another outperformer. Holden is looking for a better quarter from the company, noting that Manulife printed strong headline results last quarter but disappointed the Street on some KPIs. "We look for an improvement in U.S. insurance experience, Asia APE sales and GWAM net flows as potential upside drivers."Holden also wants to see double-digit EPS growth and continued progress towards the 2027 18% ROE objective. Manulife is trading at a 5% discount to the group average P/E and recent history suggests an in-line multiple is possible, he adds.CIBC lifted its Q1 EPS estimates for Great West Lifeco by 2%, Manulife and Sun Life by 1% each due to FX and company-specific factors, and decreased the estimate for iA Financial (IAG.TO) by 5% due to seasonality for U.S. dealer services and auto finance."As a group the stocks have not traded all that great YTD (+2.8% on average), and the discount to the banks on P/E now stands at 15% (five-year average is 11%)," Holden writes. He favors lifecos over banks given the valuation discount and strong fundamentals.Price: $70.45, Change: $+1.18, Percent Change: +1.70%

$GWO.TO$IAG.TO$MFC.TO$SLF.TO

Wire146d ago

Cadence Design Systems Expands Nvidia Partnership, Collaborates with Google Over AI Chip Design, Accelerated Computing

Cadence Design Systems (CDNS) said in separate press releases on Wednesday it expanded its partnership with Nvidia (NVDA) and entered a collaboration with Alphabet's (GOOG/GOOGL) Google.Cadence will work with Nvidia to deliver services covering agentic AI and physics-based simulation for productivity efficiencies and speeding up engineering flows across semiconductor design by combining its electronic design automation with Nvidia CUDA-X and Omniverse libraries, according to a statement.Nvidia will adopt Cadence's AgentStack in its chip design flows, and the companies will also focus on embedded agentic AI for the development of autonomous machines, the company stated.Cadence will collaborate with Google to optimize the Cadence ChipStack AI Super Agent with Gemini on Google Cloud to advance the transition to agentic design automation, according to the company.Cadence is tightening its integration between the Gemini-enabled super agent and Cadence EDA engines, while leveraging Google's infrastructure to deliver compute for Gemini's large-language model reasoning, the company added.Price: $302.86, Change: $+10.49, Percent Change: +3.59%

$CDNS$GOOG$GOOGL$NVDA

Sectors146d ago

Market Chatter: Bessent Says US Won't Renew Russian, Iranian Oil Waivers

Treasury Secretary Scott Bessent said the US will not renew the general licenses on Russian and Iranian oil, Bloomberg reported Wednesday, citing a press briefing.(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.)

International146d ago

Employment 'Steady to Up Slightly,' Inflation Moderate Overall, Beige Book Shows

Sectors146d ago

Bessent Says US Won't Renew Russian, Iranian Oil Waivers, Bloomberg Reports

International146d ago

US Economy Expanded at Slight to Modest Pace in Eight Districts, Little Changed in Two, Down in Two, Beige Book Shows

Sectors146d ago

Update: Gold Edges Lower as Inflation Concerns Rise Amid Violence in the Middle East

(Updates prices.)Gold moved lower midafternoon on Wednesday as the dollar eased, with the price of the precious metal rangebound amid faltering hopes for lower U.S. interest rates as the war on Iran pushes up energy prices.Gold for May delivery was last seen down $29.10 to US$4,821.00 per ounce.The metal has been trading in a narrow range for the past three weeks, as its reputation as a store of value falters with the war on Iran keeping 20% of daily oil demand from the market, raising prices and threatening to boost inflation and raise interest rates, bearish for a commodity that pays no interest. "A sustained breakout likely depends on further constructive developments in the Middle East," Saxo Bank noted.The dollar edgedlower, with the ICE dollar index last seen down 0.05 points to 98.08. Treasury yields rose, with the U.S. two-year note last seen paying 3.776%, up 2.1 basis points, while the yield on the 10-year note was up 3.3 points to 4.287%.

$GCK6$GLD

Mining & Metals146d ago

Surge Battery Metals Says Nevada North Lithium JV Gets Additional $2.1 Million Advance by Evolution Mining

Surge Battery Metals (NILI.V) on Wednesday said Nevada North Lithium LLC (NNL), the joint venture formed by units of Surge and Evolution Mining (EVN.AX), received an additional $2.1 million advance from Evolution under the terms of NNL's operating agreement.The company said Evolution previously advanced $4.7 million. That capital, it added, financed the successful 2025 infill drill program, ongoing mineral resource estimate, metallurgical testing, preliminary feasibility study (PFS) engineering and overall mine planning.Surge Battery Metals said the fully funded PFS remains on budget, and the $2.1 million advance will finance continued second-quarter PFS activities."This funding, together with the CA$30,000,000 in the Surge treasury, leaves the company in a strong financial position to move the NNL project forward," said Surge Chief Executive Greg Reimer.Shares of the company were last seen up $0.01 $0.69 on the TSX Venture Exchange.Price: $0.69, Change: $+0.01, Percent Change: +1.47%

$NILI.V

Wire146d ago

Top Midday Decliners

BRP (DOO) shares tumbled 36% on Wednesday after the company on Tuesday suspended fiscal 2027 guidance following a recent amendment to US rules for tariffs on steel, aluminum, and copper imports.Intraday volume topped 3.25 million shares versus the daily average of almost 237,000.ASML Holding (ASML) shares slumped 6.4% after the company issued a Q2 sales outlook below analysts' expectations.Intraday volume topped 2.77 million shares versus the daily average of 1.8 million.Goldman Sachs downgraded SolarEdge Technologies (SEDG) to sell from neutral and cut its price target to $31 from $36.SolarEdge stock fell 13% as intraday volume topped 5.69 million shares, compared with the daily average of 3.42 million.Price: $50.17, Change: $-28.28, Percent Change: -36.05%

$ASML$DOO$SEDG

Commodities146d ago

US Natural Gas Update: Futures Steady as Market Awaits Storage Data

US natural gas futures were little changed in midday trading on Wednesday as market participants held back ahead of the weekly government storage report due Thursday.The front-month Henry Hub contract, along with the continuous benchmark, edged up 0.08% to $2.60 per million British thermal units.Traders are looking to the US Energy Information Administration's inventory release for fresh direction, with the market currently weighed by subdued demand and ample supply, despite a recent, temporary dip in output.According to Gelber & Associates, US gas production slipped to 107.9 billion cubic feet per day due to maintenance in the Northeast and South Central regions, but is expected to recover to typical levels by next week.Aegis Hedging said production in the Appalachia Basin fell to its lowest level since the February freeze-offs. But the decline comes amid unseasonably mild shoulder-season temperatures, which have pushed Eastern Gas South cash prices to a six-month low of $1.79/MMBtu.Expectations for a sizable storage build are also capping upside. Gelber & Associates projects a 48 billion cubic feet injection for the week, significantly above the 16 Bcf increase recorded a year earlier. "That comparison should keep the upside capped and shows the quick return to larger shoulder-season builds," the firm said.NRG Energy forecasts an even larger 66 Bcf injection for the week ending Apr. 10. If confirmed, inventories would stand 115 Bcf above the five-year average and 113 Bcf higher than the same period last year.Weather remains a factor. A late-season cool spell is expected to lift residential and commercial demand early next week, though the broader shoulder-season outlook still points to weakening heating demand and limited cooling needs.Forecasts reintroduced some heating degree days in the 6- to 15-day outlook, Aegis Hedging reported, citing Criterion data.Liquefied natural gas demand continues to provide a key source of structural support, with feedgas flows holding near 20.0 Bcf per day, Gelber & Associates said.Despite some supportive elements, the overall balance remains loose. "The result is a market that can react positively to a tighter storage print, but still needs either a stronger weather signal, a sustained supply underperformance, or another leg higher in export demand to break out of the current low-price range," Gelber & Associates said.

Sectors146d ago

Sector Update: Financial Stocks Rise Wednesday Afternoon

Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index up 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.9%.The Philadelphia Housing Index was falling 2.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was decreasing 0.2%.Bitcoin (BTC-USD) was shedding 0.2% to $74,031, and the yield for 10-year US Treasuries was rising 2.7 basis points to 4.28%In economic news, the New York Federal Reserve's Empire State manufacturing index rebounded to 11.0 in April from minus 0.2 in March, above the expectations for a 0.0 print in a Bloomberg-compiled survey.The National Association of Home Builders' monthly housing market index fell to 34 in April from a revised 38 in March, compared with expectations for 37 in a survey compiled by Bloomberg.In corporate news, Morgan Stanley (MS) on Wednesday posted stronger-than-expected Q1 results as sharp gains in investment banking and trading activity helped boost revenue to a record. Its shares climbed past 4%.Bank of America's (BAC) Q1 results topped Wall Street's estimates buoyed by double-digit gains in investment banking and asset management fees, while Chief Executive Brian Moynihan said factors including robust consumer spending indicate a resilient US economy. Its shares rose 2.2%.Pacific Investment Management said it bought the entire $400 million bond issuance from Blue Owl Capital's (OWL) business development company, signaling confidence in a volatile private credit market, Bloomberg reported. Blue Owl Capital shares jumped past 8%.

$BAC$MS$OWL

Sectors146d ago

Sector Update: Health Care Stocks Lower in Afternoon Trading

Health care stocks were lower Wednesday afternoon, with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF (XLV) each shedding about 0.9%.The iShares Biotechnology ETF (IBB) decreased 0.4%.In corporate news, Janux Therapeutics (JANX) lacks near-term stock-moving catalysts after it came under pressure following mixed results from the phase 1a trial of JANX007 in 5L metastatic prostate cancer, UBS said in a report. UBS downgraded the stock to neutral from buy and cut its price target to $15 from $57. Janux shares fell 2.9%.GoodRx (GDRX) shares climbed up 3.8% after the firm said Wednesday it is offering Novo Nordisk's (NVO) Wegovy HD 7.2 mg injectable weight loss drug to eligible self-pay patients. Novo shares rose 2.2%.Immutep (IMMP) shares doubled after the firm said the US Food and Drug Administration has granted orphan drug designation to eftilagimod alfa to treat soft tissue sarcoma, a rare cancer.

$GDRX$IMMP$JANX$NVO

Showing 83201-83220 of 86204

US Markets146d ago

Equities Mostly Rise Intraday as Trump Reportedly Says War Likely 'Very Close to Over'

Dow JonesNasdaq CompositeS&P 500$AAPL$BAC$CRM$IBM$MS$MSFT$SNAP