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O'Reilly Automotive Expected to Deliver 'Resilient' Q2, UBS Securities Says

O'Reilly Automotive (ORLY) is expected to report a "resilient" Q2 that reinforces its long-term earnings power and brings market focus back to its fundamentals, UBS Securities said in a note Thursday.The investment firm forecasts earnings per share of $0.86, in-line with estimates, and same-store sales growth of 6%, compared with consensus of 5.4%. Stronger sales would reflect continued pricing benefits and market share gains across the company's "commercial" and do-it-yourself businesses, the note said.Operating costs are expected to become more manageable, with selling, general and administrative expenses per store forecast to rise 5% in the quarter before moderating in H2. Improving productivity and slower expense growth could support stronger margins, analysts said.The firm said lower-cost inventory should provide an additional gross-profit benefit while improving customer transactions could offset slower pricing growth.O'Reilly may raise its full-year earnings guidance of $3.15 to $3.25 per share by $0.05 to $0.10 following the results, according to the note.UBS Securities has a buy rating on O'Reilly Automotive, with a price target of $120.Price: $85.99, Change: $-0.55, Percent Change: -0.63%

$ORLY

Oil & Energy22d ago

EMEA Oil Update: Crude Rallies as Houthi Red Sea Attacks Stoke Supply Risks

EMEA crude futures rallied in after-hours trading on Thursday as Iran-backed Houthi rebels' attacks on crude tankers in the Red Sea and escalating tensions across the Middle East raised concerns over potential disruptions to energy flows.Brent crude futures surged 6.6% to $100.3 per barrel, while Murban crude futures rallied 20% to $108.00/bbl.Saxo Bank strategies said crude oil extended its rally after Iran-backed Houthi militants struck two Saudi tankers in the Red Sea.President Trump said on Thursday that the US will punish Iran for any ship attacks by the Houthis, after the group targeted two Saudi Arabian vessels in the Red Sea, extending the Middle East conflict to a second major shipping chokepoint."If they do this again, the US will hold Iran responsible, in that the Houthis are a surrogate and/or proxy of Iran, and major military punishment will be inflicted upon Iran and, of course, the Houthis themselves," Trump said in a social media post on Truth Social.Soojin Kim, research analyst at MUFG, said with about 4 million b/d of Saudi crude exports now transiting the Red Sea, any sustained disruption to the corridor could materially tighten global oil supplies.Trump also reportedly said that the US was "considering a massive attack" against Iran.Meanwhile, the US Central Command said it had completed a 12th consecutive night of attacks on Iranian targets, hours after Trump said the US would destroy an Iranian bridge or power plant each time Iran attacks a ship in the Strait of Hormuz."US forces struck Iranian military targets including maritime capabilities, missile and drone storage facilities, coastal surveillance sites, and air defense assets," Centcom said in a post on X, adding that more than 50,000 US service members are operating across the Middle East.Iran, in response, said it attacked US missile systems, weapons and fuel storage sites in Jordan, as well as US military posts in Kuwait.Jordan's army said it engaged four Iranian missiles and six drones in the past 24 hours, intercepting all but one missile, which fell in an uninhabited area, while Kuwait's army said any explosions heard in the country were a result of air defense systems intercepting missiles and drones.Iran's Islamic Revolutionary Guards Corps said an oil tanker caught fire after an explosion while attempting to follow a mined route in the southern area of the Hormuz near the coast of Oman and that two others had turned back.Elsewhere, Ukraine has broadened attacks from Russian energy infrastructure to maritime operations, targeting vessels operating in the Black Sea and Sea of Azov. RBC Capital Markets strategists said the campaign has disrupted operations at the Caspian Pipeline Consortium's export terminal at Novorossiysk, a critical outlet for Kazakh crude.

Sectors22d ago

Sector Update: Healthcare

Healthcare stocks were higher Thursday afternoon, with the NYSE Healthcare Index rising 0.9% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.9%.The iShares Biotechnology ETF (IBB) climbed 1%.In corporate news, Westin Acquisition (WSTN) has agreed to combine with First Choice Healthcare Solutions in a deal that will take the healthcare services company public, First Choice Healthcare said Thursday. The planned deal implies a pre-money equity value of about $650 million for First Choice Healthcare and is expected to accelerate the company's rebrand to Wellgevity 360, according to a statement. Westin Acquisition shares rose 0.2%.

$WSTN

Wire22d ago

RPM International's Pricing, Cost Savings to Drive Q1 Growth, RBC Says

RPM International's (RPM) continued strength in performance coatings group and construction products group, along with strong pricing and selling, general, and administrative savings will help its Q1 growth, RBC Capital Markets said in a note emailed Thursday.The brokerage said the factors could offset inflation and drive the company to the midpoint of its above-Street +5% to 10% fiscal 2027 earnings before interest, taxes, depreciation, and amortization guide.RPM posted an in-line Q4 earnings before interest and taxes but slightly beat on earnings per share, according to the note.With regard to capital allocation, RBC said it expects RPM to spend $220 million to $240 million in capital expenditures in fiscal 2027 and generate about $770 million of free cash flow to be spent on bolt-on's, dividends, and share repurchases.The brokerage also raised RPM's EBITDA estimate by $5 million to $410 million for Q1 and by $25 million to $1.325 billion for fiscal 2027.RBC maintained an outperform rating and raised the price target to $128 from $126.Price: $103.13, Change: $-4.30, Percent Change: -4.00%

$RPM

Sectors22d ago

Sector Update: Financial

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.6%.The Philadelphia Housing Index was falling 1.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.2%.Bitcoin (BTC-USD) was declining 2% to $64,717, and the yield for 10-year US Treasuries was rising 4.2 basis points to 4.70%.In corporate news, Ares Management (ARES) received clearance from the European Commission to acquire joint control of Eni Plenitude alongside parent Eni (E), the EU's competition watchdog said Thursday. Ares shares rose 1.5%.

$ARES

Wire22d ago

Evercore ISI Cuts Quest Diagnostics Price Target to $240 From $225

Quest Diagnostics (DGX) has an average rating of overweight and mean price target of $226.07, 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: $223.20, Change: $+13.37, Percent Change: +6.37%

$DGX

Asia Markets22d ago

Exchange-Traded Funds Lower as US Equities Decline After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) eased 0.2%.US equity indexes dropped as government bond yields jumped with crude oil after Iran-aligned Houthis attacked Saudi Arabian tankers in the Red Sea and shares of mega-caps Alphabet (GOOG, GOOGL) and Tesla (TSLA) sank.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 0.9%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) fell 1%; iShares US Technology ETF (IYW) shed 1.9%, and iShares Expanded Tech Sector ETF (IGM) was down 1.6%.The State Street SPDR S&P Semiconductor (XSD) slipped 1.5%, and iShares Semiconductor (SOXX) fell 1.2%.FinancialThe State Street Financial Select Sector SPDR (XLF) shed 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) declined 2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 1.9%.CommoditiesCrude oil rose 6.4%, and the United States Oil Fund (USO) added 6.9%. Natural gas gained 0.01%, and the United States Natural Gas Fund (UNG) was up 0.3%.Gold on Comex fell 2.4%, and the State Street SPDR Gold Shares (GLD) lost 2%. Silver was down 3.8%, and iShares Silver Trust (SLV) eased 3.1%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) fell 1.6%. The Vanguard Consumer Staples ETF (VDC) dropped 1.7%, and iShares Dow Jones US Consumer Goods (IYK) was down 1.3%.The State Street Consumer Discretionary Select Sector SPDR (XLY) slipped 4.4%. VanEck Retail ETF (RTH) lost 1.8%, and the State Street SPDR S&P Retail (XRT) was down 3%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 0.9% and iShares US Healthcare (IYH) added 0.9%, and Vanguard Health Care ETF (VHT) gained 0.8%. IShares Biotechnology ETF (IBB) was up 1.1%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) added 1.7%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were higher as well.CryptocurrencyIn midday activity, bitcoin (BTC-USD) dipped 1.9%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 2%, ProShares Ether ETF (EETH) was down 2.1%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 1.3% lower.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH

Wire22d ago

Zurn Elkay Water Solutions Keeps Quarterly Dividend at $0.11 per Share, Payable Sept. 4 to Holders of Record Aug. 20

$ZWS

Wire22d ago

Weatherford's Margin Discipline Sets Up Stronger Outlook, RBC Says

Weatherford International (WFRD) is positioned for stronger free-cash-flow generation and peer-leading growth, supported by margin discipline, RBC Capital Markets said Wednesday in a report.Weatherford lifted its full-year cash-conversion guidance to the mid-to-high-40% range and reiterated confidence in reaching a 50% through-cycle target, even as Middle East disruptions continue to weigh on rig activity, the report said.RBC said it remains bullish on the stock, pointing to Weatherford's growth outlook and attractive valuation. It lifted its EBITDA estimates to $992 million for 2026 and $1.15 billion for 2027, and introduced a 2028 forecast of $1.24 billion.RBC maintained its outperform rating on Weatherford stock and its $124 price target.Price: $85.08, Change: $-2.04, Percent Change: -2.34%

$WFRD

Mining & Metals22d ago

Replenish Nutrients Closes C$7.5 Million SRC Strategic Investment For Near 20% Stake

Replenish Nutrients Holding (ERTH.CN) on Thursday said it closed the C$7.5 million equity investment from privately-held SRC Agrominerals Sales, granting it a 19.9% stake.The remaining C$7.5 million convertible debenture investment is expected to close on Aug. 14, a statement added.Proceeds from the equity investment will be used to fund a separate 150,000-metric-tonne pelletizing facility at Replenish's existing Beiseker property in Alberta, as well as additional storage, load-out and processing infrastructure.Replenish shares were last seen up C$0.015, to C$0.21, on the Canadian Securities Exchange.Price: $0.21, Change: $+0.01, Percent Change: +5.13%

$ERTH.CN

Asia Markets22d ago

Update: US Equity Indexes Sink as Houthis Target Saudi Tankers in Red Sea, Mag-7 Stalwarts Disappoint

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes dropped as government bond yields jumped with crude oil after Iran-aligned Houthis attacked Saudi Arabian tankers in the Red Sea and shares of mega-caps Alphabet (GOOG, GOOGL) and Tesla (TSLA) sank.The Nasdaq Composite slumped 2.1% to 25,141.3, the S&P 500 dropped 1.2% to 7,410.6, and the Dow Jones Industrial Average declined 1% to 51,709.3 after midday Thursday. Consumer discretionary and communication services were the standout decliners, down almost 5% each, while technology also lagged. Industrials and energy topped the gainers.Iran flew Islamic Revolutionary Guard Corps commanders, military advisers, and missile- and drone-related equipment into Yemen this month, according to four sources, in a move that suggests Tehran is seeking to strengthen the ability of its Houthi allies to threaten Red Sea shipping, Reuters reported.Houthi rebels said they attacked two Saudi Arabian oil tankers in the Red Sea on Thursday, according to a report from the Associated Press, widening the disruption to crude oil supplies from the Middle East. President Donald Trump warned Tehran would be held accountable for any further Houthi attacks in the Strait of Hormuz, CNN reported. Secretary of State Marco Rubio said Iran "suckered" the group into attacking shipping lanes, the news report added.The CBOE Volatility Index VIX, also known as the fear gauge for equities, catapulted 14.5% to 19.05.Meanwhile, Jordan, Bahrain and Kuwait have reported retaliatory missile and drone attacks from Iran after a 12th consecutive day of US strikes on the Islamic Republic, Al Jazeera, a Middle Eastern broadcaster, reported.The front-month US West Texas Intermediate soared 6.3% to $92.33 a barrel, and global benchmark North Sea Brent spiked 6.9% to $100.60 a barrel.US Treasury yields jumped, extending gains. The 10-year marched 3.6 basis points higher to 4.69% after touching its highest intraday level in a year. The two-year surged 4.7 basis points to 4.35% after yields hit a fresh 52-week high this week.In precious metal markets, gold futures dropped 2.4% to $4,053.70, and silver futures slumped 3.9% to $57.96.In company news, Tesla shares fell 13%, the worst performer in the S&P 500 and the Nasdaq, after the firm reported a steeper-than-expected drop in Q2 adjusted earnings. Gross and operating margins missed consensus "considerably," and "more important aspects are an increase in capital investments and operating expenses related to the AI transition," Truist Securities said in a note. Free cash flow turned negative in Q2, with an outflow of $1.1 billion.The European Commission fined Alphabet's Google 890 million euros ($1.04 billion) after the company violated the Digital Markets Act through self-preferencing in Google Search and anti-steering practices on Google Play. Shares slumped 6.6%, among the steepest decliners on the S&P 500, the Nasdaq, and the Dow.United Rentals (URI) reported Q2 adjusted earnings and revenue above market expectations and raised its full-year fiscal 2026 sales guidance. Shares soared 12%, one of the top gainers on the S&P 500.Honeywell Technologies (HON) reported Q2 adjusted earnings and sales that beat consensus, and lifted its full-year 2026 earnings guidance range. Shares advanced 5.2%, the Dow's leader.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$HON$TSLA$URI

Mining & Metals22d ago

RZOLV Partners With Alkemio Bioscience to Advance Rare Earth and Critical Minerals Recoveries

RZOLV Technologies (RZL.V) on Thursday said it entered into a non-binding Letter of Intent (LOI) with Argentina-based Alkemio Bioscience to work towards advancing the development, validation and potential commercialization of an integrated modular rare earth and critical minerals recovery platform.Through the collaboration, the company plans to integrate, develop, and validate RZOLV's proprietary hydrometallurgical platform and Alkemio's molecular-recognition platform as a complete modular processing pathway, it said."Alkemio's complementary molecular-recognition technology could extend that capability through selective separation, refining and product upgrading," said RZOLV Technologies chief executive Duane Nelson. "Together, we intend to evaluate a more complete modular platform and, if supported by the results, advance toward project-specific pilots, licensing and commercial deployment."Shares of RZOLV were last seen unchanged at C$0.31 on the TSX Venture Exchange.

$RZL.V

Wire22d ago

Canaccord Genuity Cuts Price Target on Rollins to $45 From $51, Maintains Hold Rating

Rollins (ROL) has an average rating of overweight and mean price target of $57.44, 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: $39.39, Change: $-4.08, Percent Change: -9.39%

$ROL

Wire22d ago

JPMorgan Adjusts Price Target on Robinhood Markets to $99 From $89

Robinhood Markets (HOOD) has an average rating of overweight and mean price target of $124.71, 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: $102.65, Change: $-1.83, Percent Change: -1.75%

$HOOD

Treasury22d ago

US 10-Year TIPS Auction High Yield Rises From Previous Auction, Demand Lower

The US Treasury's 10-year TIPS auction hit a high yield of 2.438% on Thursday, up from the 2.169% high in the previous auction.The bid to cover ratio for the auction was 2.30, below the 2.52 ratio in the previous auction.Dealers represented 54.63% of the bids, with direct bidders at 12.86% and indirect bidders at 32.51%.For takedown, dealers took 9.86%, with direct bidders at 24.98% and indirect bidders at 65.16%.

Sectors22d ago

Sector Update: Consumer

Consumer stocks were lower Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 4.4%.In corporate news, Tesla (TSLA) shares fell past 13% after it reported an unexpected year-over-year decline in Q2 earnings, weighed by higher operating expenses related to research and development and AI initiatives.

$TSLA

Treasury22d ago

US 10-Year TIPS High Yield 2.438% vs 2.169% Previous; Bid/Cover 2.30 vs 2.52 Previous

Sectors22d ago

Sector Update: Tech

Tech stocks were lower Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 0.9% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 1.3%.The Philadelphia Semiconductor index shed 0.5%.In corporate news, Alphabet's (GOOGL) Q2 revenue beat Wall Street's estimates amid demand for AI infrastructure, but its capital expenditure doubled year over year. Its shares fell 6.5%.

$GOOGL

Mining & Metals22d ago

Earnings Flash (WPK.TO) Winpak Reports Q2 Revenue $294.5M, vs. FactSet Est of $306.6M

$WPK.TO

Wire22d ago

Tesla Q2 Margins Disappointing, SpaceX Collaboration in Focus, RBC Says

Tesla's (TSLA) Q2 margins were disappointing on non-recurring items, pricing pressure, and research costs tied to Optimus and Robotaxi ramps, RBC Capital Markets said in a note Wednesday.Still, a key takeaway from Q2 results was the deepening SpaceX integration across Terafab, Starlink-Cybercab connectivity, and Digital Optimus, the report said.For Robotaxi, Tesla is prioritizing regulatory breadth across seven US markets over unit scaling, it added.RBC kept its outperform rating and a $500 price target, which includes a potential SpaceX acquisition scenario of Tesla at some 30% premium to current trading levels.Price: $322.11, Change: $-51.91, Percent Change: -13.88%

$SPCX$TSLA

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Asia Markets22d ago

Update: US Equity Indexes Sink as Houthis Target Saudi Tankers in Red Sea, Mag-7 Stalwarts Disappoint

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$HON$TSLA$URI