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RBC Cuts Price Target on Skyworks Solutions to $70 From $80, Keeps Sector Perform Rating

Skyworks Solutions (SWKS) has an average rating of hold and mean price target of $68.50, 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)

$SWKS

Mining & Metals17d ago

Toromont Industries Posts Flat Q2 Earnings of C$1.53 Per Share

Toromont Industries (TIH.TO) said Wednesday that second-quarter earnings were unchanged year over year, at C$1.53 per share.Analysts polled by FactSet had expected C$1.70 per share.Revenue rose 16% to C$1.60 billion, from C$1.38 billion, in the prior year period. Analysts had expected C$1.49 billion.Toromont will pay a regular quarterly dividend of C$0.56 cents per share on Oct. 2, to shareholders of record on Sept. 4.

$TIH.TO

International17d ago

BofA Expects Bank of England to Maintain Key Rate in July Meeting; Potential Hikes Ahead

BofA Global Research forecasts the Bank of England will leave its key rate unchanged at 3.75% at its monetary policy meeting on Thursday, with a 7-2 vote in favor of a hold and a "high risk" of a 6-3 vote."We expect the overall message to be balanced. We expect the MPC to keep the door kept open to a hike, but don't expect it to give a strong signal about an imminent hike either, given uncertainty and limited second round effects so far. But the recent rise in energy prices imply that risks are tilted to a hawkish tone. But we also think the MPC could push back against market pricing, which is currently pricing close to three hikes," the research firm said in a Wednesday preview note."Based on our expectation of lower energy prices in H2 and given soft growth/ labour market, BoE's high bar for action, limited second round effects so far and restrictive rates, we expect the BoE on hold through the year ... But it is becoming a closer call than before, given the recent reescalation and the risk of a hike is rising."Analysts noted that markets have priced back in 50 basis points of cumulative bank rate hikes through July 2027, to 75 basis points as of late last week, following the recent collapse of the US-Iran ceasefire agreement.

FTSE 100

Research18d ago

RBC Raises Price Target on Polaris to $75 From $65, Keeps Sector Perform Rating

Polaris (PII) has an average rating of hold and mean price target of $71.15, 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)

$PII

Sectors18d ago

Allied Gold, Zijin Gold Terminate Agreement

$AAUC

US Markets18d ago

Stocks Mostly Up Pre-Bell Ahead of Fed Rate Decision, Big Tech Earnings

The main US stock measures were mostly trending higher in Wednesday's premarket activity as traders await a major policy decision by the Federal Reserve and the latest quarterly results of two of the largest technology companies.The S&P 500 rose 0.2% and the Dow Jones Industrial Average edged up 0.1% before the opening bell, while the Nasdaq declined 0.1%. The S&P 500 and the Dow finished Tuesday trading in the green, with the latter recording its third consecutive day of gains, while the Nasdaq closed lower for the fifth straight session.The Fed's monetary policy committee will announce its latest decision on interest rates at 2 pm ET. The probability of the central bank leaving its benchmark lending rate unchanged stood at about 66% on Wednesday, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.Fed Chair Kevin Warsh is expected to hold a press conference at 2:30 pm."The doves are optimistic that inflation could cool further into year-end as the impact of tariffs rolls off and energy prices stabilize," Stifel said in a report Tuesday. "The recent rise in tensions overseas, however, coupled with (artificial intelligence)-sector price pressures suggest further upside inflationary risks remain, shifting the pendulum back into the hawk's camp."Treasury yields were up in premarket action, with the two-year rate increasing 2.9 basis points to 4.31% and the 10-year rate adding 1.6 basis points to 4.62%.Iran's Islamic Revolutionary Guard Corps launched multiple ballistic missiles in "an attempted surprise attack" on US forces based in the Middle East, the US Central Command said in a Tuesday post on the X platform. "All Iranian missiles were successfully intercepted," according to CENTCOM.In a separate statement, CENTCOM said it launched joint strikes with the Saudi Arabian armed forces against "Iran-aligned terrorists" in Iraq on Tuesday.West Texas Intermediate crude oil inclined 3.7% to $82.03 a barrel before the open, while Brent advanced 3.7% to $87.16.Microsoft (MSFT) and Meta Platforms (META) are scheduled to release their latest financial results after the markets close, along with Arm Holdings (ARM), Qualcomm (QCOM) and Starbucks (SBUX).Procter & Gamble (PG), Amphenol (APH), General Dynamics (GD), Johnson Controls (JCI), Boston Scientific (BSX), Humana (HUM) and GE HealthCare Technologies (GEHC) post their earnings before the bell, among others.Shares of Visa (V) decreased 0.8% pre-bell after the payments company reported its fiscal third-quarter results. Ford Motor (F) gained 4.3% as the automaker lifted its full-year core profit outlook. Lucid Group (LCID) was down 0.8% following a 21% jump at the close of Tuesday as Saudi Prince Alwaleed Bin Talal Al Saud disclosed a 5% stake in the company.Wednesday's economic calendar also has the weekly mortgage applications bulletin at 7 am, followed by the EIA domestic petroleum inventories report at 10:30 am.Gold slipped 0.2% to $4,032 per troy ounce, while bitcoin rose 1.4% to $64,588.

Dow JonesNasdaq CompositeS&P 500$APH$ARM$BSX$F$GD$GEHC$HUM$JCI$LCID$META$MSFT$PG$QCOM$SBUX$V

Mining & Metals18d ago

ATCO Books Higher Q2 Adjusted Earnings

ATCO (ACO-X.TO) reported Q2 adjusted earnings of C$1.01 per share from C$0.90 a year earlier.Analysts polled by FactSet expected C$0.99.Earnings attributable to Class I non-voting and Class II voting shares were $0.78 per share up from $0.57 a year ago.

$ACO.X.TO

Asia18d ago

Wing Tai Properties Units Sign Deals with JV Company to Support Hospitality Business

Wing Tai Properties (HKG:0369) units, Lanson Place Hospitality Management (Malaysia) and Lanson Place Hotels & Residences, entered into respective operating and license agreements with Kualiti Gold.The provision of the services will sustain the property developer's hospitality business in Asia.Kualiti Gold is a JV company owned 50% each by Wing Tai Properties and its substantial shareholder Wing Tai Holdings and engaged in hospitality investment.

HKG:0369

Japan18d ago

US Equity Futures Mixed as Middle East Hostilities Resume, Oil Prices Rise

US equity futures were mixed pre-bell Wednesday as hostilities between the US and Iran resumed after a two-day pause and oil prices jumped.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.2% higher.US Central Command said in a post on X that Iran's Islamic Revolutionary Guard Corps launched missiles in an "attempted surprise attack" on US forces, which an Axios correspondent said was directed at a US base in Jordan. In a subsequent post, the command said that US and Saudi Arabian forces hit "Iran-aligned terrorists" in Iraq in response to more than 30 Iran-directed drone attacks in the last 72 hours.Microsoft (MSFT) and Meta Platforms (META) are expected to report their fiscal Q4 and Q2 earnings, respectively, after the market closes. For Microsoft, analysts polled by FactSet expect earnings of $4.24 per share on revenue of $87.62 billion. For Meta, analysts expect earnings of $7.19 per share on revenue of $60.22 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.1% at $85.43 per barrel and US West Texas Intermediate crude 4.3% higher at $82.69 per barrel.The Federal Open Market Committee is expected to maintain the range for its federal funds rate at the current 3.50% to 3.75% for the fifth straight meeting, with the CME's FedWatch Tool seeing a 68.5% chance of no change to the current target range and a 31.5% chance of a 25-basis point increase to 3.75% to 4.00%.The FOMC's statement following the meeting is due to be released at 2:00 pm ET, with Federal Reserve Chairman Kevin Warsh's press conference scheduled to begin at 2:30 pm ET.

Dow JonesNasdaq CompositeS&P 500$META$MSFT

Mining & Metals18d ago

SECURE Waste Infrastructure Q2 EPS, Revenue Beat Estimates; Maintains 2026 EBITDA Outlook

SECURE Waste Infrastructure (SES.TO) reported second quarter net income per share of C$0.20 compared with C$0.14, a year earlier.Analysts polled by FactSet expected C$0.18 per share.Revenue rose to C$422 million for the three months ended Jun. 30, 2026, compared with C$355 million, a year-ago. Analysts expected revenue of C$368.54 million.The company maintained its 2026 adjusted EBITDA guidance at the top end of its previously disclosed range of C$520 million to C$550 million.Shares of the company closed up 0.6% to C$23.27 on Tuesday on the Toronto Stock Exchange.

$SES.TO

Mining & Metals18d ago

Canadian Utilities Q2 Adjusted Earnings, Revenue Rise

Canadian Utilities (CU.TO) reported second quarter adjusted earnings of C$0.51 per share compared to C$0.45 per share a year earlier.Revenue for the quarter ended June 30 was C$914 million, compared to C$842 million a year earlier, the company added in a statement Wednesday.One analyst polled by FactSet expected revenue of C$884.7 million.

$CU.TO

Asia18d ago

Tristate Holdings CFO Resigns

Tristate Holdings' (HKG:0458) Chief Financial Officer Chan Man Ying resigned from the role, according to a Wednesday Hong Kong bourse filing.The group's Hong Kong financial reporting function, led by its vice president of finance, will assume the relevant financial responsibilities following her departure.

HKG:0458

Asia Markets18d ago

Emirati Equities Gain Ahead of US Fed's Monetary Policy Decision

Markets in the United Arab Emirates closed in the green on Wednesday as investors brace for the US Federal Reserve's highly anticipated monetary policy meeting later in the day.At the close of trading, the FTSE ADX General Index was little changed at 0.048% in the green, while the DFM General Index gained 0.122%.The US Fed is expected to leave rates unchanged in the 3.50% to 3.75% range for the fifth consecutive meeting amid cooling but still-elevated inflation and looming uncertainty from the Middle East conflict. However, traders are also pricing in the possibility of a rate hike."Global markets will be bracing for the Fed meeting as we're bound to have a surprise, but the direction remains up for debate. Markets seem to settle at around a 30% probability of a hike, which means both a hold and a hike should push rates around," ING analysts said. "The narrative around the decision matters too, especially the stance of Fed Chair Kevin Warsh if the option to hike rates is chosen. He might not endorse the move but simply deliver it."On the geopolitical front, the US and Saudi Arabia carried out joint strikes on Iran-backed groups in Eastern Iraq in response to drone attacks on Saudi energy infrastructure. The escalating tensions in the Middle East faded hopes of a swift resolution and drove oil prices higher, with Brent crude oil futures up 4.88% as of 3:45 pm UAE time.Back home and on the corporate front, investors assessed first-half earnings reports from companies, including Americana Restaurants International (ADX:AMR) and Aldar Properties (ADX:ALDAR).Americana Restaurants International was the Abu Dhabi bourse's most traded stock by volume and closed 4.88% higher after it recorded a 59.2% year-over-year growth in attributable net profit. Aldar Properties also achieved a higher attributable profit for the period, backed by an 8% growth in revenue, but closed the session 2.35% in the red.Meanwhile in Dubai, Commercial Bank of Dubai (DFM:CBD) launched its new CBD Invest digital wealth offering to provide its elite and private banking customers with a detailed view of their financial position and enable them to manage their investment portfolios and make informed decisions. Shares of the Emirati lender gained 2.13% at closing.

^DFMGI^FADGIADX:ALDARADX:AMRDFM:CBD

Asia18d ago

3DG Holdings Unit Renews Hong Kong Store Lease for Three Years

3DG Holdings (International) (HKG:2882) said its subsidiary 3D-GOLD Jewellery renewed the lease for its retail premises at Fee Tat Commercial Centre in Kowloon, Hong Kong, for a further three years, according to a Hong Kong bourse filing.The renewed lease with Yan Yan Motors runs from Aug. 1, 2026, to July 31, 2029.

HKG:2882

Mining & Metals18d ago

Earnings Flash (BEI-UN.TO) Boardwalk REIT Reports Q2 Rental Revenue C$160.9M

$BEI-UN.TO

Mining & Metals18d ago

Intact Financial Q2 Net Operating Income Per Share Falls 39% YoY on Higher Losses

Intact Financial (IFC.TO) said second-quarter net operating income per share fell 39% year over year to C$3.17 per share, from C$5.23 per share on higher losses.Analysts polled by FactSet had expected C$3.47 per share. Intact saidCombined ratio, which is an insurance industry metric to measure profit, deteriorated to 94.9% from 86.1%, in the prior year period. Intact said the ratio included 4 points from higher catastrophe and large losses.Underwriting income also fell 61% to C$305 million over the same period, Intact said.The P&C insurer had previously reported higher catastrophe losses in Canada driven by weather events and large losses, stemming from commercial fires, in the UK.Intact will pay a regular quarterly dividend of C$1.47 per share on Sept. 29, to shareholders of record on Sept. 15.

$IFC.TO

Equities18d ago

Earnings Flash (BTU) Peabody Energy Posts Q2 Loss $0.74 a Share, vs. FactSet Est of $0.57 Loss

$BTU

Mining & Metals18d ago

Earnings Flash (MX.TO) Methanex Posts Q2 Adjusted EPS $3.87 vs. FactSet Est of $3.98

$MX.TO

Mining & Metals18d ago

Earnings Flash (MX.TO) Methanex Corp Reports Q2 Revenue $1.40B, vs. FactSet Est of $1.43B

$MX.TO

Research18d ago

TD Cowen Initiates Opus Genetics at Buy

Opus Genetics (IRD) has an average rating of buy and mean price target of $10.65, 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)

$IRD

Showing 10601-10620 of 73687

US Markets18d ago

Stocks Mostly Up Pre-Bell Ahead of Fed Rate Decision, Big Tech Earnings

Dow JonesNasdaq CompositeS&P 500$APH$ARM$BSX$F$GD$GEHC$HUM$JCI$LCID$META$MSFT$PG$QCOM$SBUX$V