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Weekly Biofuel Retail Values Rise for Biodiesel, Ethanol; Fall for Renewable Diesel, The Digest Says

Weekly retail prices dropped for renewable diesel, while they rose for biodiesel and ethanol, according to price assessments by The Digest.For the week of June 16-22, biodiesel's Renewable Fuel Standard value of $1.99 per gallon this week was below $2.01/gal from a week ago. Biodiesel's Low Carbon Fuel Standard value of $0.59/gal was unchanged from a week ago. Additionally, the biofuel's tax credit value at $1/gal and energy value of $3.27/gal were unchanged. Biodiesel's retail price of $6.85/gal on Wednesday was below $6.87/gal a week ago.Renewable diesel's retail price of $7/gal this week is above $6.87/gal a week ago. RD's energy value of $4.14/gal on Wednesday, up from $3.99/gal a week ago. RD's RFS value is $1.99/gal, down from $2.01/gal a week ago. Its tax credit value of $1/gal was unchanged week over week. RD's LCFS value is $0.59/gal, unchanged from a week ago.Ethanol's weekly performance was mixed. Its LCFS value of $0.14/gal is unchanged from a week ago. Ethanol's energy value of $0.27/gal was unchanged from a week ago. Ethanol's RFS value of $1.94/gal was above last week's $1.89/gal. Also, the retail price of $2.35/gal is above $2.02/gal from a week ago.Sustainable aviation fuel's energy value at $4.08/gal was above $3.47/gal a week ago. SAF's retail price of $8.07/gal was above $7.61/gal a week ago. SAF's RFS value was $1.99/gal, below $2.01/gal from a week ago. Its LCFS value at $0.59/gal is unchanged from a week ago, and its tax credit value was unchanged at $1.54/gal.Note: These values are for delivery into a US market with a clean fuel standard. Conventional ethanol is modeled at a Carbon Intensity of 70; RD, SAF, biodiesel, and cellulosic ethanol at a CI of 20; and green hydrogen at a CI of -5. Individual companies/processes may have higher or lower CI scores used to calculate LCFS credits.

Sectors23d ago

Sector Update: Financial

Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 1.1% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.6%.The Philadelphia Housing Index was climbing 1.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 2.1%.Bitcoin (BTC-USD) was declining 1.9% to $63,849, and the yield for 10-year US Treasuries was falling 4 basis points to 4.663%.In corporate news, Digital Realty Trust (DLR) reported Q2 core funds from operations and operating revenue above market expectations late Thursday, and the company also raised its 2026 core FFO and sales guidance. Its shares jumped past 13%.

$DLR

Wire23d ago

Alphabet's Google Signs EU AI Content Transparency Code

Alphabet's (GOOG, GOOGL) Google said Friday it is signing the EU AI Act Code of Practice on Transparency of AI-Generated Content "to help support the responsible use of AI in Europe."The company said the move builds on its 2025 signing of the General-Purpose AI Code of Practice and aligns with efforts to advance industry standards and tools like SynthID, its digital watermarking technology for identifying how content is created and edited.Google said it is partnering with AI labs including Apple (AAPL), Nvidia (NVDA), Eleven Labs, Kakao and OpenAI to drive adoption of cross-platform watermarking tools using SynthID."While we support transparency, we are concerned that adding more regulatory complexity -- as technical solutions are still evolving -- could contradict Europe's goals for competitiveness and simplification," Google said. "If online content is flooded with overlapping AI labels and legal disclosures, it becomes harder for people to get the clear context they need."Price: $318.62, Change: $+0.28, Percent Change: +0.09%

$AAPL$GOOG$GOOGL$NVDA

Wire23d ago

Thermo Fisher Scientific's Strong Q2 Not Enough to 'Meaningfully' Change H2 Outlook, RBC Says

Thermo Fisher Scientific's (TMO) broad-based improvement in Q2 is not enough to "meaningfully" change the forecast for its H2 outlook, RBC Capital Markets said in a Thursday note.The company's "strong" results for the quarter were highlighted by its Analytical Instruments segment exhibiting organic growth of about 7% and segment margin expansion of around 420 basis points driven by electron microscopy and mass spectrometry, the firm said. The Specialty Diagnostics and Lab Products and Biopharma Service segments both beat expectations, while Life Science Solutions was the only segment that did not surpass the consensus estimates, according to the note.Thermo Fisher's four end markets all saw improved customer activity, with the pharma and biotech markets growing a mid-single-digit percentage, and the academic and government market rising by a low-single-digit percentage, the note said.The company's increase of its full-year organic growth guidance to around 4% and adjusted EPS to a range of $24.93 to $25.33 implies little change to the H2 outlook, RBC said.RBC maintained the company's stock rating at sector perform and raised the price target to $580 from $490.Price: $560.87, Change: $-11.46, Percent Change: -2.00%

$TMO

Wire23d ago

RTX Q2 Results Beat Expectations on Strong Aerospace, Defense Demand, RBC Says

RTX (RTX) reported strong Q2 results as all three business segments exceeded expectations amid robust aerospace and defense demand, RBC Capital Markets said.Adjusted earnings beat expectations by 14%, while organic growth reached 18% at Raytheon, 17% at Pratt & Whitney and 13% at Collins Aerospace. The company's total backlog rose 22% to $289 billion.Raytheon's roughly $20 billion in awards was supported by strong missile defense demand and international orders.The company raised its 2026 sales, adjusted earnings and free cash flow guidance, with the midpoint for sales and adjusted earnings above consensus estimates. The brokerage said the stronger-than-expected guidance raise should support sentiment.Investor attention is likely to shift toward Raytheon's strong defense momentum and execution on Pratt & Whitney's GTF recovery remains on track, according to the note Thursday.RBC maintained an outperform rating on RTX and raised the price target to $250 from $230.Shares of RTX were up 2.1% in Friday afternoon trading.Price: $213.66, Change: $+4.50, Percent Change: +2.15%

$RTX

Wire23d ago

Lamb Weston Issues Upbeat Earnings Outlook, Flags War Impact on EMEA Business

Lamb Weston (LW) provided an upbeat full-year earnings guidance after delivering a fiscal fourth-quarter beat, while the company said disruption from the Middle East conflict weighed on its business in Europe, the Middle East and Africa.The supplier of frozen potato products anticipates adjusted earnings between $2.95 and $3.25 a share for fiscal 2027, while the current consensus on FactSet is for $2.93. In the previous fiscal year, adjusted EPS dropped 16% annually to $3.01, but topped Wall Street's $2.77 view.Lamb Weston projects sales to be flat to up 1% for the ongoing fiscal year, compared with a 2% gain in fiscal 2026.For the three months through May, adjusted EPS fell to $0.87 from $0.92 a year earlier, but topped the average analyst estimate of $0.63. Sales improved to $1.77 billion from $1.68 billion, also exceeding the Street's $1.7 billion consensus."We over-delivered on our financial guidance with solid performance in sales and profitability, led by volume growth in North America," Chief Executive Mike Smith said in a statement. Fourth-quarter North American segment sales climbed 9% to $1.21 billion, while international sales dropped 2% to $563.9 million."While disruption in the Middle East and input cost inflation have impacted our EMEA business, we have been taking actions to help mitigate this volatility in a challenging competitive environment," Smith said. The company faced shipment disruptions, while market conditions "drove greater competition and pricing pressure, notably in EMEA," Smith said on an earnings call, according to a FactSet transcript.Lamb Weston shares were down 1.6% in Friday afternoon trade, reducing its year-to-date gains to 15%.The company incurred higher incremental freight costs due to the Middle East conflict, Chief Financial Officer James Gray told analysts, adding that first-quarter net sales are expected to be flat.Lamb Weston said it surpassed its $100 million savings milestone for fiscal 2026 and aims to pursue additional opportunities to improve its cost structure and capital efficiency.Price: $48.91, Change: $-0.27, Percent Change: -0.55%

$LW

Wire23d ago

Market Chatter: Qualcomm Informs Customers About Raising Prices by Double Digits

Qualcomm (QCOM) told customers it is raising prices by a percentage in the double digits, Bloomberg reported Friday, citing a copy of a letter it viewed.Qualcomm 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: $168.55, Change: $-2.56, Percent Change: -1.50%

$QCOM

Wire23d ago

Qualcomm Informs Customers About its Plan for Price Hike, Bloomberg Reports

$QCOM

Oil & Energy23d ago

Trump Says Xi, Putin Pledged Not to Sell Weapons to Iran, as US Extends Strikes to 13th Straight Night

Chinese President Xi Jinping and Russian President Vladimir Putin pledged not to sell weapons to Iran, US President Donald Trump said Friday in a Truth Social post.Trump said Xi assured him during their recent meeting in Beijing that China would not supply arms to Iran. "... he would not, under any circumstances, give or sell weapons to the Islamic Republic of Iran - and that statement included Chinese companies," Trump said in a post on Truth Social.Trump said he accepted Xi's commitment, citing the relationship between the two leaders. "Considering our relationship, I take him at his word..., " he said, noting that Trump had done "very big favors" for President Xi.Trump added Putin told him Russia would not sell weapons to Iran despite the ongoing war in Ukraine.Trump reiterated that the US does not directly sell weapons to Ukraine. "I do not sell weapons to Ukraine, but to Nato Countries. They pay full price, and how those weapons are distributed, I have no idea," he said.Trump said China and Russia, the two countries most often linked to Iran's arms supplies, were not participating. "If they did, it would be very bad for them - certainly not in their best interests," he said.Trump's comments came as the US continued military operations against Iran. US Central Command said Thursday US forces launched another round of strikes against Iranian military targets at 6:45 p.m. ET."This is the 13th consecutive night of strikes aimed to hold Iran accountable and diminish threats from the Islamic Revolutionary Guard Corps to commercial shipping," Centcom said in a post on X.Brent futures fell 4.5% to $96.12 per barrel, while WTI futures declined 4% to $88.47/bbl. Murban crude futures slid 9.5% to $97.04/bbl as traders reacted to the latest developments.

Wire23d ago

Mondelez Likely to Maintain Fiscal 2026 Guidance, RBC Says

Mondelez International (MDLZ) is largely expected to reaffirm its fiscal 2026 guidance after Q2 earnings, RBC Capital Markets said in a Friday note. The Q2 results are due July 28."We are not overly bullish on the quarter/year given what remains a formidable risk stack," the note said. "We are roughly in-line with management's guided ranges despite consensus moving toward the upper bounds."For Q2 considerations, the note pointed to slow cookies improvement, North America channel trends showing little changed, mixed international markets, and rising cocoa prices.RBC analysts said they remain bullish on its long-term distribution opportunity, but noted some caution in the near-term, as consumer pressures are weighing on top-line.RBC kept its outperform rating with a $63 price target.Price: $60.22, Change: $+0.17, Percent Change: +0.28%

$MDLZ

Wire23d ago

Stephens Adjusts Tractor Supply Price Target to $31 From $32

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $36.46, according to analysts polled by FactSet.Price: $30.43, Change: $+0.11, Percent Change: +0.35%

$TSCO

Wire23d ago

Lockheed Martin Posted Strong Q2 Results but Execution Remains Key, RBC Says

Lockheed Martin (LMT) reported strong Q2 results and raised 2026 guidance, though consistent operational execution remains a key focus for investors, RBC Capital Markets said in a note Thursday.The analysts said the earnings beat was due to strength across the company's business segments, and improved execution during the quarter was encouraging after negative profit adjustments impacted previous quarters.The company raised its 2026 guidance, with investors focused on growth in the Missiles and Fire Control segment and the timing of missile contract agreements, the analysts said.During the quarter, the company was awarded a seven-year, $35 billion undefinitized contract action, or UCA, for Terminal High Altitude Area Defense, and management expects a similar PAC-3 agreement in H2 as missile framework agreements are converted into contracts, the analysts said.Other major awards included a roughly $3 billion Guided Multiple Launch Rocket System production contract and a roughly $1.1 billion High Mobility Artillery Rocket System contract, while the timing of future F-35 production orders remains a key area to monitor, the analysts said.RBC raised its price target on Lockheed Martin to $600 from $575 while keeping its sector perform rating.Price: $579.30, Change: $+10.70, Percent Change: +1.88%

$LMT

Wire23d ago

Baird Adjusts Union Pacific Price Target to $344 From $311

Union Pacific (UNP) has an average rating of overweight and mean price target of $328.22, according to analysts polled by FactSet.Price: $308.30, Change: $+3.97, Percent Change: +1.30%

$UNP

Wire23d ago

Market Chatter: Honda Motor's Two-Wheeler Unit in India Backs Ethanol-Blended Fuel Over Battery-Powered Vehicles

Honda Motor (HMC) unit Honda Motorcycle & Scooter India will prefer ethanol-blended gasoline over battery-powered two-wheelers as part of efforts to decarbonize its local lineup, Bloomberg reported Friday, citing CEO of the Indian two-wheeler unit, Tsutsumu Otani.Honda is exploring flex-fuel options, including gasoline blended with 85% ethanol and 100% ethanol, as well as advanced internal combustion engines, Otani said at a recent event, according to the media outlet.Honda Motorcycle & Scooter India did not immediately respond 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: $28.29, Change: $+0.30, Percent Change: +1.05%

$HMC

Wire23d ago

Norfolk Southern's Q2 Beat Driven by Revenue, Margin Strength, RBC Says

Norfolk Southern's (NSC) Q2 earnings beat was driven by revenue outperformance and better-than-expected margins, with management also striking a more constructive tone on volumes across all three segments, RBC Capital Markets said in a note Thursday.Management was more bullish on volumes than in Q1, given a tightening truck market, a growing industrial development pipeline, and ongoing coal export strength, the investment firm said.The firm revised its 2026 volume growth estimate to 2.2% from 1%, with intermodal and coal leading the bulk of the revision. Strong volume growth and tightening trucking capacity could create an attractive setup for pricing momentum in 2027, the firm added.The pricing tailwind from the truck market tightness should reflect more meaningfully in the company's revenue per unit in H2 and into 2027, according to the note.RBC maintained its sector perform rating on Norfolk Southern and raised its price target to $360 from $320.Shares of Norfolk Southern were up more than 1% in Friday trading.Price: $352.54, Change: $+3.99, Percent Change: +1.14%

$NSC

Commodities23d ago

NTPC Posts Steady Q1 Generation Capacity on Coal Output, Biomass Use

NTPC reported Q1 earnings on Friday, with steady performance supported by higher coal-based plant utilization, increased captive coal output and greater biomass co-firing at its thermal power stations.Commercial generation stood at 93.64 billion units in Q1 2027, compared with 91.07 BU in the same period a year ago. Energy sent out rose to 86.95 BU from 84.59 BU over the year.Coal-fired plants remained the backbone of NTPC's generation mix, with plant load factor improving to 76.71% in Q1 from 75.16% a year earlier.Coal station availability also remained high, with plant availability factor at 93.98%, compared with 93.48% for the same period a year ago.The state-run utility's coal plants recorded a higher utilization rate during the quarter, while other generation sources saw mixed performance.Coal PLF rose by 1.55 percentage points over the year to 76.71%, while gas-based PLF declined to 5.29% from 11.08%. Hydro PLF dropped sharply to 30.92% from 59.50%, reflecting lower hydro availability in Q1.NTPC said solar PLF rose to 31.06% in Q1 from 26.81% for the same period a year ago, amid continued improvement in renewable generation efficiency.Meanwhile, NTPC said captive coal mines met 19.26% of total coal requirements during the quarter, supplying 11.42 million metric tons of coal compared with 10.43 mmt in the year-ago quarter.Total domestic coal consumption increased to 47.88 mmt from 51.33 mmt a year ago.Coal production and dispatch from group captive mines under commercial operation also improved.Coal production rose to 12.45 mmt in Q1 2027 from 10.07 mmt for the corresponding period a year ago, while dispatch increased to 12.16 mmt from 10.72 mmt, a 13% increase over the year.NTPC increased its use of biomass in thermal plants as part of efforts to reduce emissions from coal-fired generation.The utility's group thermal stations co-fired 570,000 mt of biomass in Q1, compared with 370,000 mt the previous year.

Wire23d ago

Molina Healthcare Facing Marketplace, Medicaid Headwinds, RBC Says

Molina Healthcare (MOH) is facing headwinds in its Marketplace insurance business and uncertainty related to longer term Medicaid rate recovery, RBC Capital Markets said in a Thursday note.Investors remain concerned over Medicaid rate recovery as new regulations significantly tightened the health program's funding mechanisms, RBC said. Medicaid was among the key drivers of Molina's Q2 beat, with an adjusted EPS of $1.51 on revenue of $10.87 billion, according to the brokerage.Marketplace continues to be a near-term overhang and is now seen generating a 2026 loss of $0.75 per share, a $1.50 reduction from prior guidance, RBC said. Molina plans to reduce Marketplace exposure $1.5 billion in 2027, from the current $2.50 billion run rate, RBC added.RBC cut its price target on Molina Healthcare to $218 from $248, with a sector perform rating.Price: $195.92, Change: $-4.37, Percent Change: -2.18%

$MOH

Japan23d ago

Update: US Equity Indexes Rise Amid Broad-Based Sector Rally While Crude Oil Declines

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose as all sectors advanced in Friday's midday trading amid declining crude oil and government bond yields.The Dow Jones Industrial Average climbed 0.7% to 52,083.5, the S&P 500 rose 0.6% to 7,450.1, and the Nasdaq Composite edged up 0.2% to 25,179.5. Real estate, consumer staples, and materials topped the gainers.The front-month US West Texas Intermediate dropped 3.9% to $88.62 a barrel, and global benchmark North Sea Brent slumped 4.5% to $96.20 a barrel. The retreat came as a relief from a surge on Thursday when the Iran-aligned Houthi rebels attacked two Saudi Arabian tankers in the Red Sea chokepoint. Separately, President Donald Trump threatened a "massive attack" on Iran to continue to degrade its ability to attack maritime traffic in the Strait of Hormuz.The latest jump in oil prices is likely to be short-lived, a Dow Jones news report cited a Julius Baer note. Despite fresh attacks on tankers in the Red Sea and the Strait of Hormuz, the renewed fighting appears to reflect efforts by the parties to strengthen their bargaining positions ahead of another round of negotiations, the news report cited the note.Most US Treasury yields fell in midday trading, aiding investor sentiment. The 10-year fell 4.6 basis points to 4.66%, retreating from its highest seen in a year on Thursday. The two-year declined 4.7 basis points to 4.31%, after yields hit fresh 52-week highs twice this week.In company news, Digital Realty Trust (DLR) reported Q2 core funds from operations and operating revenue above market expectations late Thursday, and the company also raised its 2026 core FFO and sales guidance. Shares of the firm surged nearly 15%, the top gainer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$DLR

Insider Trading23d ago

Pinnacle Financial Partners Insider Bought Shares Worth $1,000,299, According to a Recent SEC Filing

Robert A McCabe Jr, Director, Chief Banking Officer, on July 24, 2026, executed a purchase for 10,013 shares in Pinnacle Financial Partners (PNFP) for $1,000,299. Following the Form 4 filing with the SEC, McCabe has control over a total of 324,233 common shares of the company, with 324,233 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/2082866/000107942826000004/xslF345X05/wk-form4_1784909631.xmlPrice: $100.31, Change: $+0.50, Percent Change: +0.50%

$PNFP

Mining & Metals23d ago

S&P/TSX Composite Index up 225 Points at Midday, Led by Financials and Healthcare

The S&P/TSX Composite Index rose over 225 points at midday Friday, with the financial and healthcare sectors as the best performers.Financials were up 1% while the healthcare sector gained 0.6%.Energy was the biggest decliner and dropped 0.8% as oil prices retreated.In economic news, the Industrial Product Price Index fell 1.4% month over month in June, after a tentative deal between the US and Iran boosted prospects for shipping through the Strait of Hormuz and lowered energy prices, Statistics Canada reported on Friday. The index, which measures the prices of products made in Canada, had registered five monthly increases from January to May, the agency said.

S&P/TSX CompositeS&P/TSX Composite

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Wire23d ago

Lamb Weston Issues Upbeat Earnings Outlook, Flags War Impact on EMEA Business

$LW