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US Equity Futures Edge Higher Pre-Bell as Traders Monitor Middle East Situation, Anticipate Week's Tech Earnings

US equity futures were higher pre-bell Monday as traders monitored the latest developments in the Middle East conflict and look forward to earnings from several tech giants this week.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 1.1% higher.US Central Command said in a post on X that it successfully completed a ninth consecutive evening of strikes against Iran in a continuing effort to diminish its ability to attack commercial vessels transiting the Strait of Hormuz.Despite the constant exchange of attacks between both sides, Iran's Foreign Ministry spokesman Esmail Baghaei said that negotiations with the US could be pursued based on national interests.Alphabet (GOOG, GOOGL), Tesla (TSLA), Intel (INTC), and Texas Instruments (TXN) are set to release their financial results this week. Anticipated earnings also include GE Vernova (GEV), Philip Morris International (PM), RTX (RTX),and American Express (AXP).Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.9% at $86.46 per barrel and US West Texas Intermediate crude 2.4% lower at $79.82 per barrel.June's leading indicators data is scheduled to be released 10 am ET.

Dow JonesNasdaq CompositeS&P 500$AXP$GEV$GOOG$GOOGL$INTC$PM$RTX$TSLA$TXN

Mining & Metals23d ago

Cerrado Gold Repurchases Project Streams for $31.3 Million

Cerrado Gold (CERT.V) will repurchase streaming assets over its Minera Don Nicolas mine in Argentina and the Lagoa Salgada project in Portugal for $31.34 million.Repurchasing the streams will improve Cerrado's future cash flows, strengthen its balance sheet and increase its leverage to commodity prices longer term, the mining company said Monday.Consideration includes an upfront payment of about $11.34 million in cash and shares as well as a deferred payment of $20 million in cash.

$CERT.V

Asia Markets23d ago

Persian Gulf, Tech, Earnings Outlooks Cap European Bourses Midday

European bourses tracked evenly midday Monday as traders weighed ongoing Persian Gulf hostilities, tech-sector values, and the unfolding earnings season.Oil and tech stocks led gains on continental trading floors, while food and property shares lagged.Ryanair declined 7% mid-session after the budget airline reported fiscal Q1 earnings declined on higher fuel costs and the disrupted Middle East travel plans of potential passengers.Investors also eyed Wall Street futures in the green, and mixed closes overnight on Asian exchanges, although Seoul's semiconductor-heavy KOSPI Index fell back 4.5%.Front-month North Sea Brent crude oil futures were down 1.6% at $86.62 a barrel, midday.In economic news, European enterprises faced a tighter financing environment in Q2, reported the European Central Bank (ECB), citing its quarterly survey. Continental businesses reported higher interest rates and other financing costs, such as fees and commissions, in Q2 over Q1.The pan-continental Stoxx Europe 600 Index was flat mid-session.The Stoxx Europe 600 Technology Index was up 0.4%, and the Stoxx 600 Banks Index gained 0.2%.The Stoxx Europe 600 Oil and Gas Index rose 0.9%, but the Stoxx Europe 600 Food and Beverage Index declined 0.4%.The REITE, a European REIT index, fell 0.1%.On the national market indexes, Germany's DAX was up 0.2%, and the FTSE 100 in London lost 0.1%. The CAC 40 in Paris was up 0.2%, and Spain's IBEX 35 was even.Yields on benchmark 10-year German bonds were higher, near 3.14%.The Euro Stoxx 50 volatility index was up 5.5% at 18.25, still indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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Equities23d ago

BP Divests Retail, EV Charging Businesses in Austria

BP (BP.L) agreed to sell its mobility, convenience, and electric vehicle charging operations in Austria to Switzerland-based Volenergy for an undisclosed sum.The deal covers the oil and gas giant's BP Retail Austria unit along with its associated Austrian fleet business and shares in three non-operated joint ventures, according to a Monday release. It includes 250 BP-branded retail sites, of which around 115 are company-owned, as well as electric vehicle charging infrastructure.The transaction is expected to be completed at the end of 2026, subject to regulatory approvals.BP said its aviation business, Air bp, in Austria, and Castrol are not part of the deal.

$BP.L

Research23d ago

RBC Raises Price Target on Camden Property Trust to $111 From $105, Keeps Sector Perform Rating

Camden Property Trust (CPT) has an average rating of hold and mean price target of $114.90, 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)

$CPT

Mining & Metals23d ago

Alzai Health Enters Exclusive Global License for Liver Disease Risk Technology

Alzai Health (ALZI.V) entered into an exclusive license agreement with MOR Research Applications and Yeda Research for AI-driven liver disease risk identification technology, it said Monday.Financial terms of the deal were not disclosed. Alzai will pay royalties to MOR and Yeda based on future commercialization revenues generated from products derived from the licensed technology, and as a portion of revenues received through sublicensing arrangements, it added.Shares of the company closed down 11% to C$0.39 on Friday on the TSX Venture Exchange.

$ALZI.V

Research23d ago

UBS Downgrades Clean Energy Fuels to Neutral From Buy, $2.75 Price Target

Clean Energy Fuels (CLNE) has an average rating of overweight and mean price target of $5.08, 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)

$CLNE

Research23d ago

BofA Securities Downgrades F.N.B to Neutral From Buy, $19 Price Target

F.N.B (FNB) has an average rating of overweight and mean price target of $20.78, 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)

$FNB

International23d ago

US Dollar Rises Early Monday Ahead of Light Data Schedule This Week

The US dollar rose against its major trading partners early Monday, except for a decline versus the pound, ahead of a relatively light week of data releases, made even quieter because Federal Reserve officials are in a blackout period ahead of the July 28-29 Federal Open Market Committee meeting.Monday's schedule includes only leading indicators data for June to be released at 10:00 am ET.Tuesday's highlights include the Philadelphia Fed's non-manufacturing reading for July, weekly Redbook same-store sales, and state-level unemployment data for June.Weekly mortgage applications and crude oil stocks data are due to be released on Wednesday.Weekly jobless claims and natural gas stocks data, the Chicago Fed's national index for June, and the Kansas City Fed's manufacturing reading for July are set to be released on Thursday.Friday's highlights include the S&P Global flash estimates for July, new home sales for June, and the Kansas City Fed's services reading for July.A quick summary of foreign exchange activity heading into Monday:EUR/USD fell to 1.1429 from 1.1441 at the Friday US close and 1.1431 at the same time Friday morning. Eurozone construction output increased in May, according to data released earlier Monday. The next European Central Bank meeting is scheduled for Thursday, when no change in the policy rate is expected.GBP/USD rose to 1.3469 from 1.3459 at the Friday US close and 1.3436 at the same time Friday morning. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for July 30.USD/JPY rose to 162.4222 from 162.3907 at the Friday US close and 162.3556 at the same time Friday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.USD/CAD rose to 1.4022 from 1.4012 at the Friday US close, but was below a level of 1.4035 at the same time Friday morning. Canadian consumer price data for June are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 2.

$EUR/USD$GBP/USD$USD/CAD$USD/JPY

Research23d ago

Keefe Bruyette & Woods Downgrades Fidus Investment to Market Perform From Outperform, $19.50 Price Target

Fidus Investment (FDUS) has an average rating of overweight and mean price target of $21.50, 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)

$FDUS

Research23d ago

Jefferies Downgrades StoneX Group to Hold From Buy, Adjusts Price Target to $112 From $82

$SNEX

Research23d ago

Barclays Downgrades Penguin Solutions to Underweight From Equalweight, Price Target is $40

Penguin Solutions Incorporation (PENG) has an average rating of overweight and mean price target of $73.12, 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)

$PENG

Research23d ago

Wells Fargo Downgrades HubSpot to Equalweight From Overweight, Adjusts Price Target to $225 From $300

HubSpot (HUBS) has an average rating of overweight and mean price target of $268.53, 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)

$HUBS

Equities23d ago

Magnolia Oil & Gas to Acquire WildFire Energy for $4.06 Billion

Magnolia Oil & Gas (MGY) said Monday that it has signed a definitive agreement to acquire WildFire Energy for about $4.06 billion, including debt and subject to customary purchase price adjustments.Under the terms of the deal, WildFire shareholders will receive 32.2 million Magnolia shares, and Magnolia will also assume WildFire's $600 million of outstanding notes due 2029, according to a statement.Magnolia said it intends to fund the remaining amount through existing cash, debt, and new equity. The company said it has also secured committed financing from JPMorgan Chase (JPM), Citigroup (C) Global Markets, and Wells Fargo (WFC).The company added that it has amended its secured credit facility to a $2 billion borrowing base, with elected commitments of $1.75 billion subject to the transaction's completion.Magnolia said it expects the acquisition to be immediately and highly accretive to its cash flow and earnings per share, and to generate over $100 million in annual synergies and cost savings.Magnolia said the acquisition, expected to close in late Q3, has received unanimous approval from its board.Magnolia shares were up 1.5% in Monday's premarket activity.

$C$JPM$MGY$WFC

US Markets23d ago

Stocks Rise Pre-Bell as Traders Await Latest Batch of Earnings, Monitor Middle East Developments

The benchmark US stock measures were pointing higher before the opening bell Monday as investors await earnings from several major companies this week and monitor developments in the Middle East.The S&P 500 and the Dow Jones Industrial Average rose 0.3% each in premarket activity, while the Nasdaq added 0.6%. The indexes finished Friday's trading session lower.Alphabet (GOOG, GOOGL) and electric vehicle manufacturer Tesla (TSLA) are scheduled to release their quarterly earnings after the markets close Wednesday. Intel (INTC), Philip Morris International (PM), American Express (AXP), T-Mobile US (TMUS), International Business Machines (IBM), AT&T (T) and Verizon Communications (VZ) are also expected to post their results this week.Shares of Domino's Pizza (DPZ) spiked 7.1% pre-bell as the pizza restaurant chain reported better-than-expected fiscal second-quarter revenue. Alibaba's (BABA) US-listed stock rebounded 3.4% after closing Friday down 2.1%.West Texas Intermediate crude oil edged down 0.8% to $81.87 a barrel before the open, while Brent slipped 0.1% to $88.05.Iran's foreign ministry spokesman Esmail Baghaei said that Tehran could resume negotiations with the US based on national interests, CNBC reported. Baghaei told reporters that US intermediaries had continued to exchange messages with Iran.The US Central Command said Sunday its forces completed their ninth consecutive evening of strikes against Iran. In a separate statement, CENTCOM confirmed the passing of three US service members, while a missing fourth member's remains were found in Jordan."Energy and refined fuel flows through the Strait of Hormuz continues to slow amid the escalating conflict between the US and Iran," Saxo Bank said in a Friday report. "The renewed disruption has interrupted the recent recovery in regional supply, reviving concerns about tighter global markets."Treasury yields were trending upwards in premarket action, with the two-year rate increasing 1.5 basis points to 4.19% and the 10-year rate gaining 2.1 basis points to 4.56%.Consumer sentiment this month hit its highest level since February amid easing price pressures at the pump, though renewed tensions in the Middle East could weigh on confidence going forward, according to a survey released Friday by the University of Michigan.Gold nudged up 0.2% to $4,026 per troy ounce, while bitcoin decreased 0.3% to $64,234.

Dow JonesNasdaq CompositeS&P 500$AXP$BABA$DPZ$GOOG$GOOGL$IBM$INTC$PM$T$TMUS$TSLA$VZ

Research23d ago

Goldman Sachs Upgrades YETI to Buy From Neutral, Raise Price Target to $63 From $46

YETI (YETI) has an average rating of overweight and mean price target of $53.07, 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)

$YETI

International23d ago

BofA: European Central Bank to Hold Key Rates in July Meeting; One Final Hike Likely in September

BofA Global Research expect the European Central Bank to leave its key interest rates on hold at its Thursday monetary policy meeting, which is forecast to be an "uneventful" one for the euro."With no large surprises in data and energy prices no far from the ECB's baseline forecasts, there is not a big enough sense of urgency to move policy rates now. Our strong conviction here is that, irrespective of whether the ECB hikes once or twice this year, policy rates at the end of 2027 will be 2% at most," analysts said in a Monday preview note. "Why? We still think inflation will prove a lot less persistent than feared. The shape of the current energy price shock is nowhere near that of 2022."The research firm continues to anticipate the ECB to make one final 25 basis-point increase in rates in September as energy prices rose again recently amid renewed hostilities between Iran and the US."We still refrain from expressing these views with an outright long position in the front-end. Risks of further escalation in the US-Iran war, higher oil and/or gas prices, and a market positioning that is likely still long the EUR front-end all make us cautious," BofA added.

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Research23d ago

Goldman Sachs Upgrades Urban Outfitters to Buy From Neutral, Adjusts Price Target to $93 From $76

Urban Outfitters (URBN) has an average rating of overweight and mean price target of $87.91, 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)

$URBN

Research23d ago

Loop Capital Upgrades Harley-Davidson to Buy From Hold, Adjusts Price Target to $32 From $24

Harley-Davidson (HOG) has an average rating of Hold and mean price target of $26.90, 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)

$HOG

Research23d ago

Jefferies Upgrades Fervo Energy to Buy From Hold, Adjusts PT to $34 From $41

Fervo Energy Company (FRVO) has an average rating of Buy and mean price target of $45, 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)

$FRVO

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US Markets23d ago

Stocks Rise Pre-Bell as Traders Await Latest Batch of Earnings, Monitor Middle East Developments

Dow JonesNasdaq CompositeS&P 500$AXP$BABA$DPZ$GOOG$GOOGL$IBM$INTC$PM$T$TMUS$TSLA$VZ