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MongoDB has Room to Beat its own Guidance, Macquarie Says

MongoDB (MDB) implied second-half deceleration in Atlas growth is not overly concerning, arguing the company likely has sufficient room to exceed its own guidance, Macquarie said in a note emailed Friday.Stable consumption trends and expanding workloads across multiple industries make it more likely that Atlas growth holds closer to first-half levels than the deceleration implied by management's guidance, the firm said.On the more cautious side, Macquarie said it lacks confidence that MongoDB's AI-related product lineup, including Voyage and Vector Search, offers enough critical mass to drive the broad adoption among AI-native companies that management has cited as a key strategic goal.Macquarie pointed to MongoDB's upcoming investor day on Sept. 29 as a catalyst for the stock.Macquarie maintained its neutral rating on the stock and raised the price target $375 per share from $315.Price: $375.92, Change: $-8.53, Percent Change: -2.22%

$MDB

Commodities23h ago

US Active Rig Count Remains Unchanged, Baker Hughes Says

The combined count of crude oil, natural gas, and miscellaneous rigs in the US held steady at 588 in the week ending Sep. 4, according to data from Baker Hughes (BKR) released Friday.The US oil rig count increased by two from 447 the previous week to 449, while the number of gas rigs decreased by two from 132 the previous week to 130, the data showed.Price: $63.15, Change: $-0.49, Percent Change: -0.77%

$BKR

Commodities23h ago

Woodside, PEMEX Sign Non-Binding MOU to Expand Mexico Energy Partnership

Woodside Energy and Petroleos Mexicanos signed a non-binding MOU to expand their Mexico partnership and assess new Gulf of Mexico opportunities, Woodside said Thursday.The Australian energy company said the agreement covers potential deepwater hydrocarbon exploration and extraction, while the companies will exchange technical expertise and industry best practices.Woodside CEO Liz Westcott and PEMEX CEO Juan Carlos Carpio Fragoso signed the MOU in Mexico City following discussions focused on expanding cooperation between the two companies."The agreement strengthens our relationship and opens the door to explore future opportunities to work together in Mexico's deepwater," said Woodside chief executive officer Liz Westcott.Woodside and PEMEX are currently jointly developing Trion, about 180 kilometers offshore and 30 kilometers south of the US-Mexico maritime border, in 2,500 meters of water.The project reached 64% completion as of June 30, 2026, with Woodside forecasting $7.2 billion in total capital investment and targeting first oil in 2028.

Commodities23h ago

US Active Rig Count Remains Unchanged, Baker Hughes (BKR) Says

$BKR

Wire23h ago

S&P Global Ratings Upgrades Teva Pharmaceutical to 'BBB-'

S&P Global Ratings (SPGI) said Friday it raised its rating on Teva Pharmaceutical (TEVA), including its issuer credit rating and issue-level rating on the company's unsecured debt, to 'BBB-' from 'BB+'.Teva has demonstrated sustainable growth prospects through strong execution in branded products, stabilization in generics, and a pipeline of significant late-stage assets, supporting S&P Global Ratings' view of its earnings durability, at least over the next two years, S&P Global said.

$SPGI$TEVA

Sectors1d ago

Sector Update: Consumer

Consumer stocks were lower Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 1.4%.In corporate news, Lululemon Athletica (LULU) shares were falling past 17% after the athletic apparel retailer lowered its full-year outlook amid challenging market dynamics and continued pressure on the brand.

$LULU

Wire1d ago

Snowflake Benefits From AI-Driven Data Platform Modernization, Macquarie Says

Snowflake (SNOW) AI efforts are driving investments in data platform modernization, while the company is benefiting from accelerating data warehouse migrations, Macquarie said.The investment firm said in a note Thursday that management expects continued momentum in the core data platform business and a meaningful step-up in revenue from Snowflake's agentic front ends.Management raised fiscal 2027 product revenue guidance by 5 percentage points to 36% year over year. Macquarie raised its 2027, 2028 and 2029 product revenue estimates by 4%, 8% and 11%.The company is on the right track with its AI products and its rating balances a relatively high valuation against strong business fundamentals, according to the research note.Macquarie raised its price target to $350 from $200 on Snowflake, while maintaining a neutral rating.Shares of Snowflake were down 3.7% in Friday afternoon trading.Price: $343.15, Change: $-13.33, Percent Change: -3.74%

$SNOW

Wire1d ago

Zscaler's Fiscal 2027 Outlook Shows Cautious Tone Despite AI Momentum, RBC Says

Zscaler's (ZS) fiscal 2027 outlook topped its preliminary range, yet still carried a cautious tone amid a sales-leadership transition and slower-than-expected uptake of a new security product, even as AI momentum builds across its platform, RBC Capital Markets said Thursday in a report.The company expects fiscal 2027 annual recurring revenue of $4.40 billion to $4.43 billion, revenue of $3.91 billion to $3.94 billion, and adjusted EPS of $4.86 to $4.90, the report said.Zscaler's growing use of AI and the rollout of its new Agentic SecOps tools, designed to automate parts of security operations, may help results H2 2027, RBC said. Additional hiring, stronger partner activity and continued traction in its Z-Flex and data-security offerings might also support upside to estimates, the report said.RBC raised its price target on Zscaler stock to $210 from $200 and maintained its outperform rating.Price: $169.21, Change: $-8.59, Percent Change: -4.83%

$ZS

Wire1d ago

Samsara to See More Growth Ahead From Large Customers, AI, International Demand, RBC Says

Samsara (IOT) could see further growth in H2 fiscal 2027 as demand from large customers, newer products, government clients, international markets and AI remains strong, while higher revenue guidance leaves room for more upside, RBC Capital Markets said in a note Thursday.Samsara now expects fiscal 2027 revenue to grow 26%, up from its previous forecast of 24%, though results could still come in above that outlook in H2 as growth from large customers remains a key driver, with strong gains in clients spending more than $100,000 and $1 million a year, RBC said.Newer products should also support future growth after they made up more than 20% of new contract value for a third straight quarter, while use of Samsara's latest AI features rose more than fourfold over two months, according to the note.The investment firm also sees more room for growth in government and international markets, with Europe showing strong new business growth and the public sector increasing its contribution during the quarter.RBC kept its outperform rating for Samsara and raised its price target to $55 from $50.Price: $39.78, Change: $+1.03, Percent Change: +2.66%

$IOT

Asia Markets1d ago

Update: US Equity Indexes Fall as September Fed Rate Increase Odds Surge Following Strong Jobs Report

(Updates with index/price moves, economist comments and company/geopolitical news from the first paragraph.)US equity indexes fell as market expectations of an interest rate increase as early as this month jumped after the economy added almost triple the jobs expected in August.The Nasdaq Composite declined 0.2% to 26,540.1, the S&P 500 retreated 0.3% to 7,726.2, and the Dow Jones Industrial Average declined 0.5% to 53,421.3 after midday Friday. All sectors except industrials and technology fell. Consumer discretionary, communication services and healthcare led decliners.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000."This is the strongest pace of job expansion in five months, punctuated by also being three times greater than expected and the positive upward revisions to prior months," said Thomas Feltmate, senior economist at TD Economics. "On balance, we like the breadth and depth of this jobs report. Markets have taken note too."The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 60% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.President Donald Trump called on the Federal Reserve to lower interest rates, saying the US economy is a stronger credit than it was previously. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate." Trump urged the Fed to adopt the world's "lowest rate," warning he could halt trade with countries with which the US maintains trade deficits.Most US Treasury yields rose, with the two-year up three basis points to 4.36%. The 10-year yield was unchanged at 4.77%.Gold futures dropped 1.4% to $4,478.2, and silver futures declined 1.5% to $66.65.In company news, Lululemon Athletica (LULU) reported softer-than-planned fiscal Q2 results and lowered its fiscal 2026 guidance again, prompting a cautious stance on the stock, as the delayed start of incoming CEO Heidi O'Neill leaves the company a "rudderless ship" and risks further competitive disintermediation amid deteriorating macro conditions, Oppenheimer said Friday. Shares sank 18%, the worst performer on the S&P 500.Apple's (AAPL) initial production of its long-awaited foldable iPhone is limited to a few hundred units per day, mainly because of stringent quality-control requirements, Nikkei Asia reported Friday, citing unnamed sources. Shares dropped 2.3%, the Dow's worst performer.US Vice President JD Vance said the US will investigate the strike on an Iranian wedding party in Kuhestak, Al Jazeera, a Middle Eastern broadcaster, reported. The US has changed Tehran's calculations, Iran's first vice president said while warning its response to US attacks will be "asymmetrical" and "multi-layered," according to the news report.The front-month US West Texas Intermediate crude oil contract declined 0.8% to $90.61 per barrel, and global benchmark North Sea Brent slipped 0.1% to $95.41 per barrel.

Dow JonesNasdaq CompositeS&P 500$AAPL$LULU

Wire1d ago

Zscaler 'Overly Cautious' With Guidance Raise, Macquarie Says

Zscaler (ZS) is being "overly cautious" with its guidance raise, Macquarie Equity Research said in a Thursday note.The company delivered a "robust" Q4, driven by large deal activity, improving sales productivity, momentum from Z-Flex program, and growing adoption of non-seat-based offerings, which contributed about 30% of new and upsell annual contract value for the quarter, Macquarie analysts said.Significant drivers supporting Zscaler's fiscal 2027 outlook are improving sales productivity, stronger large-deal activity, and traction across its platform strategy, according to the note. The company flagged Q3 sales executive departures and uncertainty about its new Agentic SecOps solution with integrated Red Canary technology as concerns that warranted caution.The company's conservative guidance "seems sensible," but the analysts said they wanted to see a healthier guidance raise, based on its consistent net revenue retention of 115% and its net new annual recurring revenue acceleration across fiscal 2026.Macquarie maintained the company's stock rating at outperform and increased the price target to $200 from $172.Price: $169.58, Change: $-8.23, Percent Change: -4.63%

$ZS

US Markets1d ago

Zscaler's Conservative Outlook Reflects Red Canary, Competitive Headwinds, Oppenheimer Says

Zscaler's (ZS) fiscal 2027 outlook is conservative and reflects factors including an expected loss of Red Canary's customers and the competitive artificial intelligence security environment, Oppenheimer said in a note emailed Friday.Late Thursday, the cloud security company reported fiscal fourth-quarter results above Wall Street's consensus and outlined a strong full-year outlook.Zscaler expects annual recurring revenue of $4.396 billion to $4.426 billion, reflecting year-over-year growth of 16.6% to 17.4%. The FactSet-polled consensus points to $4.40 billion in fiscal 2027.The Red Canary business, acquired by Zscaler in 2025, saw elevated churn in 2026, Chief Financial Officer Kevin Rubin said on an earnings conference call Thursday, according to a FactSet transcript."As it relates to accounts that are up for renewal, ... we'll continue to see the higher, more traditional churn rates of (a managed detection and response) business," Rubin told analysts.Management took "a prudent approach" to the fiscal 2027 outlook, Oppenheimer analysts, including Ittai Kidron said. "We remain bullish, expecting better execution against achievable (2027) targets and reiterate our positive stance considering the setup and valuation," Kidron wrote.Red Canary's integration and competitive headwinds, among other areas, could limit investor confidence in the near term, the brokerage said.AI security is in demand, and there are "lots and lots of" companies competing in the space, with "probably tons of startups as well," Chief Executive Jay Chaudhry said on the call."We expect investors to take a 'wait-and-see' approach while viewing the outlook as achievable and supportive of consistent execution and positive revisions through (fiscal 2027)," Kidron said.Shares of the company declined 4.6% in Friday trade, and have fallen nearly 25% this year.Zscaler projects full-year adjusted earnings of $4.86 to $4.90 on revenue between $3.91 billion and $3.94 billion. Market expectations are for $4.82 and $3.92 billion, respectively.Oppenheimer raised Zscaler's adjusted EPS estimate to $4.88 from $4.42 for 2027 and left the revenue outlook steady at $3.9 billion. The brokerage has an outperform rating on Zscaler's stock with a $250 price target.Cybersecurity firm Palo Alto Networks (PANW) reported a fiscal fourth-quarter beat Tuesday, though its guidance for adjusted EPS and revenue topped analysts' estimates. Last week, CrowdStrike (CRWD) raised its full-year net new ARR outlook amid increasing demand for cybersecurity solutions to address AI risks.Price: $169.88, Change: $-7.92, Percent Change: -4.45%

$CRWD$PANW$ZS

Commodities1d ago

EMEA Natural Gas Update: Futures Gain on Short Supplies

European natural gas futures edged higher in after-hours trading Friday and was on track for a fourth consecutive weekly gain, as conflicts in the Middle East continued to cloud the outlook for LNG shipments through the strategically important Strait of Hormuz.Front-month Dutch TTF futures rose 0.627% to 72.26 euros ($83.97) per megawatt-hour, while UK NBP futures gained 0.848% to 179.500 British pence ($2.43) per therm.The Dutch benchmark was headed for a weekly gain of about 7%, according to OilPrice.com, as renewed conflict in the Middle East diminished expectations that LNG shipments through the Strait of Hormuz will normalize in the near term. The benchmark has climbed more than 75% over the past two months, the Financial Times reported Thursday.Uncertainty over the conflict's duration has added to concerns about the region's energy security. US Vice President JD Vance said Thursday that he could not provide a timeline for ending the conflict with Iran and that all options remained on the table. Iran's First Vice President Mohammad Reza Aref, meanwhile, warned that Tehran's response to US attacks would be "asymmetrical" and "multi-layered."The market is also entering the winter season with relatively low gas inventories, leaving Europe with a smaller buffer against colder weather or further supply disruptions.Storage sites across Europe were 65.85% full, compared with 78.29% during the same period last year, according to Gas Infrastructure Europe. Inventories were also below the five-year average of 82.5% for this point in the year, according to the Swiss Federal Office of Energy. Germany and the Netherlands have also said they expect to miss their respective national storage targets.European officials have sought to reassure markets that the region's supply remains secure for now. The European Union's Gas Coordination Group said Thursday there was "no immediate risk" to the bloc's gas supply security, while describing market conditions as "exceptional" and calling for close monitoring.Norway's Equinor said Wednesday that its first LNG cargo under long-term agreements with Cheniere Energy, the largest US LNG producer, was en route to Europe.The cargo was loaded at Cheniere's Sabine Pass LNG export facility in Louisiana. Under the agreements, future cargoes will be directed to customers in Europe and elsewhere depending on market demand.Equinor is to purchase 3.5 million metric tons of LNG annually from Cheniere's Gulf Coast facilities for 15 years under the agreements.

Wire1d ago

UiPath's AI-Driven Deal Momentum, new Product Traction in Q2 are Encouraging, RBC Says

UiPath's (PATH) artificial intelligence-driven deal momentum, new product traction, and better client retention in Q2 are encouraging, RBC Capital Markets said in a Friday research report.The company raised its fiscal 2027 guidance as management is confident about underlying business trends, pipeline health, and client momentum despite a dynamic macro environment, analysts wrote.Management believes that coding agents present a lucrative opportunity to support automation development lifecycle workflows, with a broader aspiration to "3D print" processes across the platform using deterministic, agentic, or orchestration capabilities, according to the note.The brokerage said it reiterated its sector perform rating on the stock and boosted its price target to $17 per share from $15.Price: $15.26, Change: $-2.96, Percent Change: -16.25%

$PATH

Japan1d ago

Update: US Equity Indexes Fall as Robust Jobs Report Lifts Odds of September Fed Rate Increase

(Updates with index/price moves, macroeconomic data and company news from the first paragraph.)US equity indexes fell after the economy added almost triple the jobs expected in August, boosting bets favoring an interest rate increase as early as this month.The Nasdaq Composite declined 0.2% to 26,540.1, the S&P 500 retreated 0.3% to 7,726.2, and the Dow Jones Industrial Average declined 0.5% to 53,421.3 after midday Friday.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000.The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 60% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.President Donald Trump called on the Federal Reserve to lower interest rates, saying the US economy is a stronger credit than it was previously. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate."In company news, Lululemon Athletica (LULU) reported softer-than-planned fiscal Q2 results and lowered its fiscal 2026 guidance again, prompting a cautious stance on the stock, as the delayed start of incoming CEO Heidi O'Neill leaves the company a "rudderless ship" and risks further competitive disintermediation amid deteriorating macro conditions, Oppenheimer said Friday. Shares sank 18%, the worst performer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$LULU

Wire1d ago

BP's Turnaround Gains Momentum on Debt Reduction, Cost Cuts, RBC Says

BP's (BP) "turnaround" is gaining momentum as stronger commodity conditions, asset sales and "cost reductions" are expected to accelerate debt reduction and improve the company's balance sheet, RBC Capital Markets said in a report Friday, after hosting a session with BP Chief Financial Officer Kate Thomson.The firm expects BP's "all-in" liabilities to fall to about $34 billion by year-end from $54 billion in Q2, helped by the expected closing of the $6 billion Castrol deal. BP could reach its reported net debt target by the end of 2026, a year earlier than previously targeted, and could be in a position to restart share buybacks by mid-2027.RBC also raised its earnings estimates to reflect stronger "refining margins" and expects Q3 net income of about $6.5 billion on a "mark-to-market" basis, compared with consensus of $4.3 billion, the report said.The brokerage said BP's "improved balance sheet" should support upstream growth, while Thomson and management are expected to continue cutting costs, with "structural cost savings" now anticipated to reach $5.8 billion by the end of 2027, according to the report.RBC has an outperform rating on BP with a price target of 700 British pence, saying the company remains in the "early stages of its turnaround" and that further asset sales, efficiency gains and a greater focus on its core oil and gas business could support additional upside.Price: $43.92, Change: $+0.34, Percent Change: +0.78%

$BP

Wire1d ago

Campbell's Faces Another Tough Year as Headwinds Deepen, RBC Says

Campbell's (CPB) is heading into another difficult year as the company's fiscal 2027 guidance points to persistent revenue and profit pressure, with weakness in snacks and elevated cost inflation expected to continue, RBC Capital Markets said Friday in a report.Campbell's 36% cut to its quarterly dividend to $0.25 a share underscores the strain on the business and marks a reversal from management's reaffirmation of the payout in fiscal Q3, the report said. While the move frees up roughly $170 million annually for cash flow and debt payments, "the reversal in messaging will likely hurt confidence with income-oriented investors," RBC said.The packaged-food company faces a similar degree of headwinds in fiscal 2027 as in Q4, with management expecting organic net sales to fall 2% to 4% and gross margins to decline 50 to 100 basis points for the year, RBC said.The launch of a new enterprise-wide savings program targeting $500 million by fiscal 2030 shows Campbell's is taking steps to rebuild margins, with more than $100 million in savings expected in fiscal 2027, the report said.RBC lowered its price target on Campbell's stock to $19 from $21 and maintained its sector-perform rating."We knew the path to recovery would not be straightforward, and we remain in wait-and-see mode amid what continues to be a reset period for the company, though we think management is doing the right things," the report said.Price: $21.46, Change: $-0.67, Percent Change: -3.03%

$CPB

Wire1d ago

Oracle Heads Into Q1 Results With AI Investment, Stargate in Focus, RBC Capital Markets Says

Oracle (ORCL) is heading into its fiscal Q1 financial results with investors focused on artificial intelligence infrastructure expansion, funding needs, and Stargate uncertainty, RBC Capital Markets said in a note Thursday.The company is scheduled to report fiscal Q1 earnings on Sept. 10.Oracle's net cash capital expenditures of about $70 billion in fiscal year 2027, mainly to support its AI infrastructure buildout, is expected to be funded by about $40 billion of debt and equity, while about $75 billion in cumulative BYOH and prepaid contracts are expected to lower the company's financing burden, according to the note.The Stargate arrangement adds uncertainty, with OpenAI moving from the original joint-venture structure toward bilateral capacity leases, which could change Oracle's ownership and financing obligations, the investment firm said.The company has been using cost savings from headcount reductions to help fund its AI infrastructure buildout, analysts said, adding that while cost reallocation is more favorable than taking on additional debt or issuing equity, repeated layoffs could create execution risk.RBC Capital Markets has a sector perform rating and $190 price target on Oracle.Shares of Oracle were up more than 2% in Friday trading.Price: $157.35, Change: $+3.31, Percent Change: +2.15%

$ORCL

Commodities1d ago

EIB Raises Ren-Gas Financing Framework to $790 million for Finnish Projects

Ren-Gas is accelerating its Finnish e-methane projects after the European Investment Bank raised its financing framework to 680 million euros ($790 million), the company said Thursday.EIB approved a larger debt financing mandate for Ren-Gas, increasing its framework from 230 million euros to support the company's e-methane production portfolio.The framework will provide project-level financing for Ren-Gas's Finnish developments, including its first Tampere project, which the company targets to begin construction during Q4 2026."This is an important milestone for us and the industry, providing evidence that you can create bankable green hydrogen projects and attract financing partners for them," said Ren-Gas CFO, Juhani Hayrinen.Ren-Gas has six production plant projects across Finland and works with local energy utilities to integrate sectors and use existing infrastructure.The company has helped develop the e-methane value chain and secured long-term contracts for green hydrogen and heat from its projects, creating stronger foundations for project development, Ren-Gas said.

Commodities1d ago

Baker Hughes Secures BP Contract to Boost Production in UK North Sea

Baker Hughes (BKR) has secured a contract from BP (BP) to provide offshore stimulation services across the energy major's UK North Sea operations, the US oilfield services company said on Friday.The contract will support the development of new wells as well as production enhancement and recovery from mature fields, Baker Hughes said.Under the agreement, the oilfield services firm will deploy a vessel-based stimulation system using its StimFORCE modular package for well completion and production enhancement activities.Baker Hughes said that the vessel-based setup is designed to give bp greater flexibility in scheduling offshore stimulation activities while reducing nonproductive time and improving operational reliability."By combining our vessel-based stimulation expertise, advanced intervention technologies and production optimization capabilities, we are well positioned to help bp enhance reservoir performance," said Amerino Gatti, Baker Hughes' executive vice president of Oilfield Services & Equipment.Baker Hughes did not disclose the financial value or duration of the contract.Price: $62.98, Change: $-0.66, Percent Change: -1.04%

$BKR$BP

Showing 121-140 of 84976

Asia Markets1d ago

Update: US Equity Indexes Fall as September Fed Rate Increase Odds Surge Following Strong Jobs Report

Dow JonesNasdaq CompositeS&P 500$AAPL$LULU