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Scorpio Gold Raises $10.8 Million in Share Offering

Scorpio Gold (SGN.V) raised $10.8 million in its share offering, the company said Thursday.Scorpio issued 43.2 million shares at $0.25 each.Proceeds will be used to fund exploration activities at Scorpio's Manhattan Property in Nevada and for general corporate and working capital purposes.Scorpio shares were last seen down C$0.005, to C$0.25, on the TSX Venture Exchange.Price: $0.25, Change: $-0.01, Percent Change: -1.96%

$SGN.V

Wire22d ago

Texas Instruments Strong Q2, Q3 Outlook Largely Meets Elevated Expectations, Morgan Stanley Says

Texas Instruments (TXN) reported stronger-than-expected Q2 results and issued Q3 guidance above consensus, with broad-based demand strength across end markets, particularly automotive, though the results were largely in line with elevated investor expectations, Morgan Stanley said in a Thursday note.The investment firm said the chipmaker forecast Q3 revenue and earnings above consensus estimates. The 2026 capital expenditures are likely to be above the midpoint of its previously announced $2 billion to $3 billion range.The analyst said automotive demand strengthened meaningfully during the quarter. Industrial demand remained solid and higher factory utilization helped lift Q2 gross margin above expectations. The broadening recovery appears more durable than last year, according to the note.Morgan Stanley raised its 2026 revenue estimate to $22.02 billion from $21.04 billion and its earnings estimate to $8.57 per share from $7.82.The firm maintained its underweight rating on the stock and raised its price target to $255 from $230.Texas Instruments shares were down 3.4% in Thursday trading.Price: $284.27, Change: $-9.92, Percent Change: -3.37%

$TXN

Wire22d ago

CME Group Broadening Long-Term Growth Opportunity With Multiple Emerging Vectors, Morgan Stanley Says

CME Group (CME) is broadening its long-term growth opportunity with multiple emerging vectors that include single stock and compute futures, 24/7 trading across cryptocurrencies, Treasury Link, and prediction markets, Morgan Stanley said in a Thursday research note.Building on this, Morgan Stanley said that these initiatives will expand the CME Group's addressable markets and create revenue opportunities that could meaningfully raise estimate revisions and are not currently fully reflected in the company's shares.Morgan Stanley raised its earnings per share estimates on the company by 1.5% and 1.8% for 2026 and 2027, respectively, and also increased its 2026 adjusted expenses forecast to about $1.71 billion, compared with the company's guidance of about $1.70 billion. Additionally, average daily volume is expected to grow 10.2% in 2026 and 5.7% in 2027.Morgan Stanley adjusted its price target on the company's stock to $330 from $324 and maintained its overweight rating.Price: $256.39, Change: $+7.15, Percent Change: +2.87%

$CME

Wire22d ago

Tesla's Rising Investment Viewed as Critical for Autonomy Push, Morgan Stanley Says

Tesla's (TSLA) acceleration in capital spending is a "necessary" investment to secure its leadership in autonomy and robotics, even as the heavier outlay deepens the company's cash burn. Morgan Stanley said Thursday in a report.Tesla remains positioned to lead in physical AI, though the return on investment from a prolonged spending cycle will require "patience and consistent execution," the report said.Robotaxi commentary during the company's Q2 earnings call was upbeat, though the timing of meaningful returns remains uncertain, Morgan Stanley said. Cybercab manufacturing targets are now aligned with the projected growth rate of unsupervised miles, the report said.Morgan Stanley cut its price target on Tesla stock to $400 from $417 and maintained its equalweight rating.Price: $321.90, Change: $-52.11, Percent Change: -13.93%

$TSLA

US Markets22d ago

American Airlines Cuts Earnings Outlook as Fuel Shock Dents Second-Quarter Bottom-Line

American Airlines (AAL) lowered its full-year earnings outlook on Thursday as higher fuel costs drove second-quarter bottom-line lower year on year, adding to signs that rising fuel prices are weighing on airline profitability.The airline now anticipates its bottom line to range from an adjusted loss of $0.65 per share to earnings of $0.65 per share for 2026, compared with its previous guidance for a loss of $0.40 to earnings of $1.10. The consensus on FactSet is for non-GAAP EPS of $0.61.Shares of American Airlines declined 8% in Thursday trade, with the stock losing 11% so far this year.Jet fuel's average price rose to $149.40 per barrel last week, up from $119.13 for the week ended July 3, data published by the International Air Transport Association showed. The surge came as rising tensions between the US and Iran sent crude oil prices higher.American Airlines said its second-quarter fuel costs jumped by $2.2 billion, or 83% year over year, although it was able to offset almost 50% of the headwind through higher fares amid robust travel demand. For the ongoing quarter, American Airlines sees its fuel expense rising by $1.7 billion on an annual basis.Earlier in the week, Alaska Air (ALK) issued a downbeat third-quarter earnings forecast and swung to a loss in the previous three-month period amid higher fuel costs. Earlier this month, United Airlines (UAL) projected about $6 billion in additional fuel expense for 2026, while Delta Air Lines (DAL) said it absorbed the highest quarterly fuel expense in its history.American Airlines' adjusted EPS slumped to $0.15 in the June quarter from $0.95 the year before, but topped the Street's view for $0.03. Total operating revenue climbed 16% to $16.74 billion, ahead of the average analyst estimate of $16.7 billion. Passenger revenue advanced 16% while cargo climbed 30%."Revenue growth was strong across all entities and cabins, with premium, main cabin, domestic and international all up meaningfully year over year," Chief Executive Robert Isom said in a statement.Total revenue per available seat mile, which is commonly used in the airline industry to measure efficiency, gained 10%. Capacity was up 5.4%.The airline expects to record an adjusted loss of $0.10 to $0.70 in the third quarter, while the Street is looking for non-GAAP EPS of $0.26. Revenue is projected to gain 16% to 19% on capacity growth of 3% to 5%. The market's view is for sales of $16.01 billion in the quarter.Price: $13.69, Change: $-1.10, Percent Change: -7.44%

$AAL

Asia Markets22d ago

European Equities Traded in the US as American Depositary Receipts Fall in Thursday Trading

European equities traded in the US as American depositary receipts were tracking lower late Thursday morning, falling 0.9% to 1,901.24 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company argenx (ARGX) and medical device maker EDAP TMS (FOCL), which rose 5.3% and 4.4% respectively. They were followed by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which were up 3.7% and 2.1% respectively.The decliners from continental Europe were led by biopharmaceutical company Grifols (GRFS) and lender Banco Santander (SAN), which dropped 4.2% and 3.6% respectively. They were followed by brewing company Anheuser-Busch InBev (BUD) and accommodations booking site trivago (TRVG), which lost 3.1% and 2.9% respectively.The gainers from the UK were led by biopharmaceutical company Mereo BioPharma Group (MREO) and oil and gas company BP (BP), which advanced 2.8% and 2.3% respectively. They were followed by oil and gas company Shell (SHEL), which increased 1.6%.The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and tobacco company British American Tobacco (BTI), which fell 5.4% and 3.3% respectively. They were followed by alcoholic beverage company Diageo (DEO) and educational publisher Pearson (PSO), which were down 2.4% and 0.4% respectively.

$ARGX$BP$BTI$BUD$DEO$E$EQNR$FOCL$GRFS$MREO$PSO$SAN$SHEL$TRIB$TRVG

Wire22d ago

Viomi Receives Minimum Bid Price Notice From Nasdaq

Viomi Technology (VIOT) said Thursday it has received a non-compliance notice from Nasdaq after the closing bid price of its American Depositary Shares was below $1.00 per share for the last 30 consecutive business days.The firm said it has until Jan. 19, 2027, to regain compliance.Price: $0.77, Change: $-0.02, Percent Change: -1.92%

$VIOT

Insider Trading22d ago

Pagseguro Digital Insider Sold Shares Worth $462,750, According to a Recent SEC Filing

Ricardo Dutra Da Silva, Principal Executive Officer, on July 20, 2026, sold 50,000 shares in Pagseguro Digital (PAGS) for $462,750. Following the Form 4 filing with the SEC, Dutra has control over a total of 347,830 Class A common shares of the company, with 347,830 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1712807/000129281426003872/xslF345X05/ownership.xmlPrice: $9.45, Change: $-0.23, Percent Change: -2.33%

$PAGS

Wire22d ago

Alphabet's Gemini 4 Rollout, TPU Opportunity Key Catalysts to Future Upside, Morgan Stanley Says

Alphabet's (GOOG, GOOGL) next key catalysts following Q2 results are the launch of its Gemini 4 artificial intelligence model suite and greater visibility into its long-term Tensor Processing Unit, or TPU, revenue opportunity, Morgan Stanley said in a note Thursday.The firm said the company is expected to launch its Gemini 3.5 Pro and Gemini 4 family of AI models, including lower-cost versions, to reassure investors that it remains on the frontier. However, the launch timeline is still unclear, the firm said."That said, management's comments about being focused on staying on the frontier and increasing the cadence of model shipping as we reach Gemini 4 (monthly) is notable," the firm added.The firm also said the market is underestimating Alphabet's long-term opportunity in TPUs. It added that investors are overlooking both the scale of capital spending required and the potential revenue from cloud-hosted and third-party TPU sales.Morgan Stanley kept the company's overweight rating but lowered the price target to $400 from $415.Price: $317.40, Change: $-24.52, Percent Change: -7.17%

$GOOG$GOOGL

Wire22d ago

Microsoft' Azure, Copilot to Serve as Key Fiscal Q4 Drivers, Morgan Stanley Says

Microsoft's (MSFT) Azure and Copilot are key fiscal Q4 drivers, supporting the company's high-teens total return profile, Morgan Stanley said in a Thursday note.Talks with channel partners indicated a "constructive" quarter for Microsoft, driven by durable demand across its commercial portfolio as evidenced by ongoing cloud migrations and expanding Azure AI deployments, among others, the investment firm said.Azure is estimated to grow around 41% in Q4, while checks back strong Microsoft 365 Copilot momentum, Morgan Stanley said, noting that both Azure and Copilot are set for inflection. Azure's outperformance should be sustained by incremental supply over the near to medium term as demand remains robust, the investment firm added.Microsoft is set to release its fiscal Q4 results on July 29.Morgan Stanley has an overweight rating and $600 price target on Microsoft.Price: $379.40, Change: $-10.94, Percent Change: -2.80%

$MSFT

International22d ago

July Kansas City Fed Manufacturing Index Indicates Slower Expansion

The Kansas City Fed monthly manufacturing index fell to a reading of 9 in July from 11 in June, in contrast with expectations for an increase to a 12 print in a survey compiled by Bloomberg as of 7:40 am ET.Within the Kansas City data, there were index declines for production, new orders, order backlogs, employment and prices paid, while the shipments reading was unchanged. All readings still indicated growth in the month.

Wire22d ago

Rollins Facing Decreased Demand Visibility After Weaker-Than-Expected Q2 Results, BofA Says

Rollins (ROL) posted weaker-than-expected Q2 results and its weaker Residential segment trends decreased visibility around a recovery and reacceleration in organic growth, BofA Securities said in a note Thursday.Rollins' Residential segment growth of 3.6% was below expectations and was "driven by weaker lead generation and possibly more volatile consumer behavior and competition," the note said.The narrative seems to have now moved beyond weather-related disruptions, and the company's management is now also pointing to factors like "softer demand within consumer-initiated lead channels," BofA said.The investment firm noted, however, that Rollins' management indicated improvements in lead generation in July, but BofA said that it is awaiting "further proof points before calling an inflection.""While lead trends improved into July, demand remains choppier and difficult to predict," the note said.BofA also said that "weakness was not uniform" as the company's Commercial segment and ancillary services stayed relatively resilient with organic growth.BofA downgraded Rollins' rating to underperform from buy and cut the company's price target to $35 from $55.Price: $39.47, Change: $-4.01, Percent Change: -9.21%

$ROL

Wire22d ago

Baird Adjusts Roper Technologies Price Target to $480 From $470, Maintains Outperform Rating

Roper Technologies (ROP) has an average rating of overweight and mean price target of $451.07, according to analysts polled by FactSet.Price: $360.65, Change: $+23.94, Percent Change: +7.11%

$ROP

International22d ago

Kansas City Fed July Regional Manufacturing Index 9 Vs. 12 Estimate; 11 Prior

Equities22d ago

Eni Unit to Buy Mobility Retail Business Oil! Tankstellen from Prax

Eni's (ENI.MI) Enilive, via its Enilive Deutschland subsidiary, agreed to acquire mobility retail business Oil! Tankstellen from Prax, according to a Thursday release.Upon deal closing, subject to customary regulatory approvals, Oil!'s service stations will be "integrated progressively" into the Italian energy group unit's network. The deal also covers electric vehicle charging points and convenience and food services.Oil! operates in Germany, Denmark, Austria and Switzerland.

$ENI.MI

Wire22d ago

Old Dominion Freight Line Keeps Quarterly Dividend at $0.29 per Share, Payable Sept. 16 to Shareholders of Record on Sept. 2

$ODFL

US Markets22d ago

Albertsons Shares Plunge After Fiscal 2026 Guidance Cut, First Quarter Earnings Miss

Albertsons (ACI) shares slumped Thursday after the grocery chain lowered its fiscal 2026 earnings and identical sales outlook and reported weaker-than-expected first-quarter profits.The company reduced its full-year adjusted net income guidance to a range of $1.75 to $1.85 per share, down from its prior outlook between $2.22 and $2.32. The FactSet consensus is $2.27 per share.Albertsons' shares fell 21% in Thursday trade and have declined 33% so far this year.Identical sales guidance was revised to a decline of 1.5% to 0.5% from its prior forecast of 0% to 1% growth, and includes an estimated 150 basis point headwind from the Medicare Drug Price Negotiation Program. The updated outlook trails the analysts' estimate of a 0.3% increase in same-store sales."Our more cautious view reflects ongoing pressure on lower-income consumers, softness in grocery industry unit trends, and the potential for additional affordability pressure from supplier cost increases," Chief Financial Officer Sharon McCollam said during an earnings call, according to a FactSet transcript.The adjusted guidance factors in both weaker immediate demand and heightened reinvestment into customer value, McCollam added. "While these actions will pressure near-term earnings, we believe they are strategically necessary to strengthen customer engagement, accelerate unit growth, and improve the long term trajectory of the business," she saidFor the first quarter ended June 20, net sales and other revenue grew 0.2% year over year to $24.94 billion, topping Wall Street's view of $24.83 billion. Adjusted earnings per share fell to $0.42 from $0.55 a year earlier, missing the consensus estimate of $0.53.Identical sales declined 0.8% compared to the FactSet estimate of a 0.5% drop in same-store sales."While pharmacy and digital delivered strong growth, their performance was not enough to offset broader pressures in our core business," Chief Executive Susan Morris said in the earnings call. "These results were below our expectations, and we're taking decisive action to improve future performance."The company is consolidating its 11 divisions into four regions and moving towards a centralized merchandising strategy to speed up decision-making and cut costs.Albertsons said Thursday that CFO McCollam plans to retire later this year and will stay on until a successor is named. Following the transition, she will serve as an advisor through Feb. 27, 2027.Price: $11.44, Change: $-3.17, Percent Change: -21.68%

$ACI

Wire22d ago

Kingstone Ups Quarterly Dividend 20% to $0.06 per Share, Payable Aug. 26 to Holders of Record on Aug. 11

$KINS

Wire22d ago

Encompass Health Raises Quarterly Dividend by $0.02 to $0.21 a Share; Payable Oct. 15 to Holders of Record Oct. 1

$EHC

Wire22d ago

Penske Automotive Raises Quarterly Dividend to $1.44 From $1.42 per Share; Payable Sept. 1 to Holders of Record Aug. 14

$PAG

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US Markets22d ago

American Airlines Cuts Earnings Outlook as Fuel Shock Dents Second-Quarter Bottom-Line

$AAL