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JPMorgan Raises Price Target on RTX to $240 From $215, Maintains Overweight Rating

RTX (RTX) has an average rating of overweight and mean price target of $228.24, 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: $211.08, Change: $+2.01, Percent Change: +0.96%

$RTX

Mining & Metals22d ago

Lightspeed Commerce Launches Lightspeed with Meta Conversions API for Lightspeed Retail

Lightspeed Commerce (LSPD.TO, LSPD) is launching Lightspeed with Meta Conversions API for Lightspeed Retail, to help brick-and-mortar retailers measure in-store sales from digital ads and optimize campaigns, it said Friday.Retailers will be able to connect their stores directly to Meta, automatically sync their in-store product catalog, and securely send point-of-sale transactions into Meta Conversions API, said the company."Retailers have always known that online ads influence what happens inside their stores, but they didn't necessarily have a clear way to measure it," said CEO Dax Dasilva. "With this integration, we're finally closing that gap."The company's shares were last seen up C$0.24 to C$13.71 on the Toronto Stock Exchange.Price: $13.75, Change: $+0.28, Percent Change: +2.08%

$LSPD.TO

Wire22d ago

Daiwa Securities Adjusts Price Target on Intuitive Surgical to $360 From $530, Maintains Outperform Rating

Intuitive Surgical (ISRG) has an average rating of overweight and mean price target of $497.93, 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: $334.80, Change: $+2.78, Percent Change: +0.84%

$ISRG

Wire22d ago

Corteva Keeps Quarterly Dividend at $0.18 a Share, Payable Sept. 15 to Holders of Record Sept. 1

$CTVA

Wire22d ago

Nasdaq's Growth Outlook Supported by AI, Capital Markets Recovery, Morgan Stanley Says

Nasdaq (NDAQ) is well-positioned for sustained earnings growth, driven by a recovering capital markets environment and long-term catalysts such as AI, tokenization, extended-hours trading and market technology that continue to expand its recurring revenue base, Morgan Stanley said in a Friday note.Analysts cited strong Verafin momentum, record index assets under management and ETF inflows, a broader IPO market recovery and rising AI product adoption as key drivers supporting Nasdaq's recurring revenue growth into 2027.Meanwhile, Nasdaq remains on track to launch 23/5 equities trading and event options later this year, the note said, adding that tokenization and AI initiatives are also expected to expand the company's long-term market opportunity.The company also said crypto perpetual futures pose minimal revenue risk, with potential overlap accounting for less than 1% of revenue, according to the note.Morgan Stanley raised its 2026 and 2027 earnings estimates after Nasdaq's stronger-than-expected Q2 results, forecasting Solutions organic revenue growth of 14.9% in 2026 and 10.8% in 2027, above the company's medium-term target of 9% to 12%.Morgan Stanley maintained its overweight rating on the stock and raised its price target to $120 from $112.Price: $91.37, Change: $+0.95, Percent Change: +1.05%

$NDAQ

Wire22d ago

Surgery Partners to Sell Ownership Stakes in Mountain View Hospital, Idaho Falls Community Hospital for $795 Million

Surgery Partners (SGRY) has entered into definitive agreements to sell its ownership interests in Mountain View Hospital and Idaho Falls Community Hospital to Intermountain Health for a total consideration of $795 million, the company said Friday.The physician ownership of Mountain View Hospital will remain unchanged, the company said, adding that the deal is subject to Mountain View Hospital physician member and physician governing board approvals.The deal is slated to close in the coming months, subject to waiting periods, regulatory approvals and other conditions, Surgery Partners said.Surgery Partners' previously issued guidance does not reflect the anticipated impact of this transaction, and excluding this deal, the company maintained its 2026 revenue outlook of $3.35 billion to $3.45 billion.Analysts polled by FactSet expect $3.41 billion.Shares of the company were up 5.6% in early Friday trading.Price: $16.08, Change: $+0.85, Percent Change: +5.62%

$SGRY

Wire22d ago

Baird Adjusts Price Target on Dover to $270 From $279, Maintains Outperform Rating

Dover (DOV) has an average rating of overweight and mean price target of $253.25, 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: $200.29, Change: $+2.60, Percent Change: +1.31%

$DOV

Wire22d ago

Jefferies Adjusts Price Target on Vistra to $189 From $190, Maintains Buy Rating

Vistra (VST) has an average rating of buy and mean price target of $230.29, 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: $168.92, Change: $-0.06, Percent Change: -0.03%

$VST

Wire22d ago

Silicon Motion Technology Keeps Quarterly Dividend at $0.50 per ADS, Payable Aug. 20 to Holders of Record Aug. 6

$SIMO

Sectors22d ago

Oil Falls Off a Six-Week High Even as Middle East Fighting Continues

Oil prices retreated from six-week highs early on Friday even as Middle East fighting continues, with Iran and the US continuing attacks and Houthi militants threatening shipping in the Red Sea.West Texas Intermediate crude oil for September delivery was last down $2.60, or 2.8%, to $89.59 per barrel, while September Brent oil was down $3.12, or 3.1%, to $97.57.The drop comes even as conflict continues to block exports from the Persian Gulf producers who supplied 20% of daily oil demand prior to the Feb. 28 start to the war on Iran. The US continued attacks on Iran, with the Guardian reporting President Donald Trump may heighten strikes, saying he is considering "a massive attack" on the country.As well, Houthi militants on Thursday attacked ships in the Red Sea carrying Saudi crude, threatening to shut in shipments through the sea, adding to the supply shock that followed Iran's closure of the Strait of Hormuz at the start of the war.Only 15 ships have moved through the Strait in the past day, according to hormuzstraitmonitor.com, 17% of prewar traffic, while Reuters reported shipping through the Bab el-Mandeb Strait, where the Red Sea joins the Indian Ocean, fell to two ships on Thursday, down from 32 a day earlier.Drone attacks on ships in the Black Sea loading oil from the Caspian Pipeline Consortium is further cutting into supply."Crude oil closed above 100 dollars a barrel for the first time since May (on Thursday), with Brent up about 7% to 100.69 and WTI near 92, leaving oil up roughly 38% this month. The bid reflects Houthi attacks on Red Sea tankers, President Trump's threat of a 'massive attack' on Iran, and strikes on the Caspian Pipeline Consortium terminal that handles most Kazakh crude," Saxo Bank wrote.

$CLU6$LCOU6$USO

Equities22d ago

Market Chatter: BP Said Close to Selling Renewables Arm Lightsource

BP (BP.L) is nearing a deal to sell its renewables-focused business Lightsource, after a final bidder emerged in the sale process, London's Financial Times reported Friday, citing several people familiar with the matter.A consortium consisting of Spanish investment and management company Qualitas Energy and sovereign wealth fund Kuwait Investment Authority's Wren House emerged as the final bidder. A deal could be reached soon, but it could still fall apart, the sources said.The British oil and gas major 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.)

$BP.L

International22d ago

Canada Industrial Prices Edge Down 1.4% in June as Tentative US-Iran Peace Deal Cut Energy Costs

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. Prices for energy and petroleum prices dropped 9.1% in June after a run of monthly gains this year.Excluding energy and petroleum products, the IPPI edged down 0.1%, mainly due to declining prices for primary non-ferrous metal products, which were down 4.7%.Prices of Canada-manufactured products rose 12.4% year over year. Similarly, prices of raw materials purchased by manufacturers, fell 6.9% month over month but jumped 20.7% year over year, the Raw Materials Price Index showed. The monthly drop was the steepest since June 2022, StatsCan said.

$CXY

Commodities22d ago

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Amid New US Tariffs

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2%, and the actively traded Invesco QQQ Trust (QQQ) advanced 0.1% in Friday's premarket activity, as investors digest new US tariffs amid continued corporate earnings.US stock futures were higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures gaining 0.4%, and Nasdaq futures advancing 0.1% before the start of regular trading.S&P Global US Manufacturing, Service, and Composite PMI are expected at 9:45 AM ET. New Home Sales are due at 10 AM ET, followed by Kansas City Fed Services at 11 AM ET.In premarket action, bitcoin was up by 0.01%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.1% higher, Ether ETF (EETH) advanced 0.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) rose over 2.6%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.1%, the iShares US Technology ETF (IYW) was 0.6% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 0.9%, while the iShares Semiconductor ETF (SOXX) fell by 0.5%.Intel (INTC) shares were up more than 3% in premarket activity after the company reported that it swung to fiscal Q2 adjusted earnings as revenue increased during the period.Winners and Losers:EnergyThe iShares US Energy ETF (IYE) was down 0.8%, while the State Street Energy Select Sector SPDR ETF (XLE) retreated by 0.4%.SLB N.V. (SLB) stock was up more than 3% before market open after the company reported Q2 adjusted earnings Friday of $0.55 per diluted share, above analyst estimates of $0.51.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) rose 2.2%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was up 0.9%.Fly-E Group (FLYE) shares were up 2.4% pre-bell after the company said late Thursday it filed its overdue Form 10-K and expects it will eliminate the need to submit a formal plan to regain compliance with Nasdaq.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.4%, the Vanguard Industrials Index Fund (VIS) was up 0.6% and the iShares US Industrials ETF (IYJ) was inactive.C.H. Robinson Worldwide (CHRW) stock was down more than 2% before the opening bell after the company said that a Dallas County, Texas jury issued a $604 million advisory verdict against the company and two other defendants in a lawsuit stemming from a trucking accident.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was inactive, while the iShares US Healthcare ETF (IYH) slipped 1.4%. The iShares Biotechnology ETF (IBB) was inactive.Novo Nordisk (NVO) stock was up more than 1% premarket after the company filed a preliminary US court injunction to immediately block advertising by Eli Lilly (LLY) for its obesity and diabetes drugs.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1% lower.HSBC (HSBC) shares traded up 1% in early hours activity after the company signed the share purchase deal to sell HSBC Life in Singapore for $2.09 billion to Allianz Asia.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 3.3% to $89.15 per barrel on the New York Mercantile Exchange. Natural gas was up by 1% to $2.95 per 1 million British Thermal Units. The United States Oil Fund (USO) was down 2.4%, while the United States Natural Gas Fund (UNG) was 2% higher.Gold futures for July advanced 0.2% to $4,057.90 an ounce on the Comex. Silver futures were up 1.1% to $58.71 an ounce. SPDR Gold Shares (GLD) increased 0.1%, and the iShares Silver Trust (SLV) was 1.4% higher.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$CHRW$EEM$EETH$EXI$FAS$FAZ$FLYE$GLD$HSBC$IBB$IGM$IGV$INTC$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NVO$PMR$QQQ$RTH$SLB$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Sectors22d ago

Sector Update: Energy Stocks Decline Pre-Bell Friday

Energy stocks were declining pre-bell Friday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.3% lower.The United States Oil Fund (USO) was down 1.7% and the United States Natural Gas Fund (UNG) was 1.9% higher.Front-month US West Texas Intermediate crude oil was 2.4% lower at $89.90 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.8% to $97.83 per barrel, and natural gas futures were up 1.3% at $2.95 per 1 million British Thermal Units.SLB (SLB) shares were up nearly 4% after the company reported Q2 adjusted earnings and revenue that topped analysts' estimates.BP (BP) is in advanced talks to sell its solar power arm Lightsource to a consortium comprising Qualitas Energy, a private equity firm focused on green energy, and Wren House, the infrastructure arm of the Kuwait Investment Authority, Reuters reported. BP stock was 0.3% lower premarket.Ocean Power Technologies (OPTT) stock was 2% lower after the company said it acquired strategic subsea developmental technology assets from Columbia Power Technologies.

$BP$OPTT$SLB$UNG$USO$XLE

Sectors22d ago

Sector Update: Financial Stocks Advance Premarket Friday

Financial stocks were advancing premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.3% higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1% lower.American Express (AXP) reported higher Q2 earnings and net revenue, with net revenue missing analysts' expectations. American Express stock was down more than 4% pre-bell.HSBC Holdings (HSBC) agreed to sell its HSBC Life (Singapore) insurance business to Allianz Asia Holdings for 2.70 billion Singaporean dollars ($2.09 billion). Shares of HSBC Holdings were up more than 1% premarket.Safety Insurance (SAFT) stock was up more than 41% after the company said it has entered an agreement to be acquired by an affiliate of Mapfre in a $1.54 billion all-cash deal.

$AXP$FAS$FAZ$HSBC$SAFT$XLF

Mining & Metals22d ago

Sasquatch Resources Advances Permitting for Mount Sicker Project

Sasquatch Resources (SASQ.CN) has advanced permitting for the Mount Sicker legacy mine site land rehabilitation project in British Columbia.Sasquatch has received comments from the BC Ministry of Mining and Critical Minerals and has provided responses. A final site closure report from Okane Consultants is in process, the mineral exploration company said Friday.Meanwhile, Sasquatch also released early exploration results from three areas of its Alberni claims, its newest property. The company said it remains focused on its rehabilitation mandate while exploring the discovery potential of its mining prospects.

$SASQ.CN

Asia22d ago

Market Chatter: India's State Oil Firms Buy Additional Oil from Spot Market Amid Potential Middle East Supply Delays

Indian Oil (NSE:IOC, BOM:530965), Bharat Petroleum (NSE:BPCL, BOM:500547) and Hindustan Petroleum (NSE:HINDPETRO, BOM:500104) have made crude oil purchases from the spot market, Bloomberg reported Friday, citing people familiar with the matter.The move comes as a buffer for potential delays in shipments from Saudi Arabia and Iraq, according to the report.The Indian state-owned oil companies have been asked to tap into their stored supplies if needed to ensure undisrupted refinery operations in August and avoid fuel, especially cooking gas, shortages, the people reportedly told Bloomberg, asking to remain unnamed.Oil Minister Hardeep Singh Puri, on Thursday, had discussions on backup strategies with state-run refiners, Bloomberg said.Indian Oil, Bharat Petroleum and Hindustan Petroleum did not immediately respond to' requests for a 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.)

BOM:500104BOM:500547BOM:530965NSE:BPCLNSE:HINDPETRONSE:IOC

Sectors22d ago

Sector Update: Healthcare Stocks Flat to Higher Premarket Friday

Healthcare stocks were flat to higher premarket Friday, with the iShares Biotechnology ETF (IBB) inactive and the State Street Health Care Select Sector SPDR ETF (XLV) advancing by 0.3%.Tenet Healthcare (THC) shares were up more than 17% after the company posted higher Q2 adjusted earnings and revenue, and raised its 2026 guidance.MannKind's (MNKD) Furoscix ReadyFlow injection has been approved by the US Food and Drug Administration for the treatment of edema, or fluid overload, in adults with heart failure or chronic kidney disease, the company said. MannKind shares were up more than 2% pre-bell.Sanofi (SNY) stock was down more than 1% after the company said it stopped clinical testing and global regulatory applications for its amlitelimab medication for moderate-to-severe atopic dermatitis.

$IBB$MNKD$SNY$THC$XLV

Sectors22d ago

Sector Update: Consumer Stocks Edge Higher Pre-Bell Friday

Consumer stocks were edging higher pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.5%.Coca-Cola (KO) has raised prices for Diet Coke in India and introduced larger 330 ml cans after supply disruptions linked to the Middle East conflict tightened aluminum can availability, Reuters reported. Shares of Coca-Cola were 0.4% higher premarket.Boston Beer (SAM) reported lower Q2 earnings and net revenue. Boston Beer stock was up 0.9% pre-bell.

$KO$SAM

Sectors22d ago

Sector Update: Tech Stocks Rise Premarket Friday

Technology stocks were rising premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.9% higher.Intel (INTC) stock was up more than 2% after the company reported that it swung to fiscal Q2 adjusted earnings as revenue increased during the period.Oracle (ORCL) won an enterprise software agreement from the US Department of War with a potential value of up to $7 billion over a 10-year term, the department said. Shares of Oracle were up more than 1% pre-bell.Salesforce (CRM) shares were up more than 1% after the company said the US Department of Veterans Affairs awarded the company, through its distribution network, a three-year $1.6 billion agentic enterprise license agreement.

$CRM$INTC$ORCL$XLK$XSD

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Commodities22d ago