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Ciena Insider Sold Shares Worth $1,243,098, According to a Recent SEC Filing

Gary B Smith, Director, President, CEO, on July 15, 2026, sold 2,952 shares in Ciena (CIEN) for $1,243,098. Following the Form 4 filing with the SEC, Smith has control over a total of 251,934 common shares of the company, with 251,934 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/936395/000103255326000031/xslF345X05/edgardoc.xmlPrice: $377.50, Change: $-11.31, Percent Change: -2.91%

$CIEN

US Markets26d ago

Industrial Production Growth Misses Views as Manufacturing Output Stagnates

US industrial production rose less than expected in June as manufacturing output stalled, Federal Reserve data showed Friday.Industrial output ticked up 0.1% last month, matching the increase seen in May, the Fed said. The consensus was for a 0.2% increase in a survey compiled by Bloomberg."Industrial production didn't grow as much as expected in June, and manufacturing has noticeably slowed down in the past two months after a strong start to the year," Oxford Economics Lead US Economist Bernard Yaros said in a report emailed to.Manufacturing output was unchanged following a 0.1% gain in May.Nondurable manufacturing output turned positive in June with the biggest gains in petroleum and coal products, while the durable component decreased 0.1%."The strongest industries were the beneficiaries of higher energy prices, including mining and petroleum and coal products," Yaros wrote.Mining and utilities output both increased 0.4%, Fed data showed. Natural gas output declined 3.3%.The headline reading was weak, but not enough to alter Oxford Economics' industrial production forecast that was recently upgraded to account for artificial intelligence spending."AI, national defense, and the recovery in aerospace are all themes that will endure over the remainder of the year," Yaros wrote. "Renewed hostilities between the US and Iran are the biggest risk to the outlook, as it would create uncertainty for businesses, threaten the pipeline of AI goods, and potentially derail an inventory restocking cycle."Earlier this month, separate surveys by the Institute for Supply Management and S&P Global (SPGI) showed that US manufacturing growth moderated in June as higher raw material costs kept input inflation elevated.

Wire26d ago

Market Chatter: Jefferies Financial Evacuates Manhattan Offices After Restaurant Fire

Jefferies Financial (JEF) evacuated its Manhattan offices after a fire broke out at the Papillon restaurant, prompting the bank to temporarily close its headquarters, Bloomberg reported Friday, citing a person familiar with the situation.More than 200 people were evacuated from the building, while no Jefferies employees were harmed, according to the report.Jefferies Financial did not immediately respond to' request for 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.)Price: $54.81, Change: $-0.99, Percent Change: -1.77%

$JEF

US Markets26d ago

Update: Equities Fall Intraday Amid Netflix Sell-Off; Oil Jumps on Middle East Tensions

(Updates with latest market prices and developments.)US benchmark equity indexes were lower intraday amid a post-earnings sell-off in Netflix (NFLX) shares, while oil prices jumped as hostilities in the Middle East escalated.The Nasdaq Composite was down 1.1% at 25,593.7 after midday Friday, while the S&P 500 fell 0.8% to 7,471.1. The Dow Jones Industrial Average dropped 0.6% to 52,258.2. Barring energy, all sectors were in the red, led by communication services.Netflix was 7.8% lower intraday, among the worst performers on the S&P 500. The steaming giant's move to annual engagement reporting and its soft US and Canada revenue in the second quarter are apparently weighing on the stock, BofA Securities said in a note. Netflix's June quarter revenue fell short of Wall Street's estimate late Thursday.West Texas Intermediate crude oil was up 4.5% at $82.48 a barrel intraday Friday, while Brent rose 4.4% to $87.89.Kuwait, Jordan and Qatar have come under attack by Iran, while Tehran also claimed it targeted US military assets in Oman and Bahrain, CNN reported Friday."Crude oil extended its rally, with Brent climbing back above $85 a barrel, as 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 report. "The renewed disruption has interrupted the recent recovery in regional supply, reviving concerns about tighter global markets."US Treasury yields were mixed intraday, with the two-year rate up 1.6 basis points at 4.17% and the 10-year rate falling 2.4 basis points to 4.55%.In other corporate news, Intuitive Surgical (ISRG) shares slumped 13%, the steepest decline on the S&P 500. Growth in the company's da Vinci robotic surgery procedures in the US moderated due in part to changes in Affordable Care Act premium subsidies, even as it reported better-than-expected quarterly results late Thursday.SpaceX (SPCX) share were down 4.3% intraday Friday. The company's Starship rocket triggered an "automatic launch abort," with the next launch to be rescheduled possibly in a few days, SpaceX Chief Executive Elon Musk said in a Thursday post on X.Travelers (TRV) shares jumped 8.3% intraday Friday, the top gainer on the S&P 500 and the Dow. The property and casualty insurer's second-quarter earnings unexpectedly increased year over year, while its written premiums came in ahead of market estimates.In economic news, US 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 by the University of Michigan.US housing starts increased more than expected last month amid a sharp jump in multi-family projects, government data showed.Gold was up 0.7% to $4,019.30 per troy ounce, while silver gained 0.3% to $56.33 per ounce.

Dow JonesNasdaq CompositeS&P 500$ISRG$NFLX$SPCX$TRV

Wire26d ago

Argus Lifts Price Target on U.S. Bancorp to $75 From $63

U.S. Bancorp (USB) has an average rating of overweight and mean price target of $69.33, 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: $63.53, Change: $-0.48, Percent Change: -0.75%

$USB

Wire26d ago

Update: Alcoa Shares Fall After Fiscal Q2 Results Miss Analyst Expectations

(Updates with the latest stock movement in the first paragraph and headline.)Alcoa (AA) shares were down 3.2% in Friday trading after the company's fiscal Q2 results trailed analysts' estimates.The company reported fiscal Q2 non-GAAP net income late Thursday of $2.12 per diluted share, up from $0.39 a year earlier.Analysts polled by FactSet expected $2.25.Revenue for the quarter ended June 30 was $3.97 billion, up from $3.02 billion a year earlier.Analysts expected $3.99 billion.Price: $45.33, Change: $-1.52, Percent Change: -3.24%

$AA

Wire26d ago

Baird Adjusts Price Target on Waste Management to $268 From $265

Waste Management (WM) has an average rating of overweight and mean price target of $257.39, 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: $238.15, Change: $-4.10, Percent Change: -1.69%

$WM

Wire26d ago

Fervo Energy Shares Rise After BofA Upgrade

Fervo Energy Company (FRVO) shares were up over 4% in Friday trading after BofA Securities upgrades the stock to buy from neutral.Trading volume stood at more than 1.5 million shares, compared with a daily average of nearly 4.3 million.Price: $24.10, Change: $+0.99, Percent Change: +4.28%

$FRVO

Oil & Energy26d ago

Stronger Gas Prices, Asian Heat Lift Coal Market Outlook, Kpler Says

Coal prices gained support from stronger natural gas markets, tighter Indonesian supply and rising summer power demand across Asia, Kpler said in a Friday note.Rising tensions between the US and Iran pushed natural gas prices higher after strikes, a renewed blockade and transit fees in the Strait of Hormuz, strengthening the outlook for thermal coal, Kpler said.Favorable winter generation margins prompted European utilities to build Q4 forward coal positions over gas, according to Kpler.Still, elevated coal inventories and the Rhine's Kaub water level dropping to 45 centimeters, a four-year low, continued to curb inland demand.Following power outages in Java, Indonesia raised coal allocations for state utility PLN to 212 million metric tons from an estimated requirement of 154 million mt, reducing the export availability of mid-calorific value coal, Kpler said.Extreme heat and heavy rainfall prompted China's National Meteorological Center to issue yellow alerts. Temperatures climbed above 40 degrees Celsius across parts of Sichuan, Chongqing, Henan, Anhui, Jiangsu, Shanghai, Zhejiang, Jiangxi, Hubei, Hunan, Xinjiang and Inner Mongolia on July 16, Kpler said.Higher electricity demand reduced coal inventories around northern China's Bohai Rim, although stockpiles remained above 2025 levels.Kpler expects coal burn to accelerate later this month once drier weather replaces the cooling effect of heavy rainfall.An unusually mild start to summer gave way to intense heat across Japan, where authorities issued heatwave alerts for 25 prefectures. Tokyo is also set to record its first temperature above 35 degrees Celsius, or 95 degrees Fahrenheit, this year, Kpler said.Growing air-conditioning demand will lift electricity consumption across Japan, encouraging utilities to increase thermal coal generation through the remainder of the summer, Kpler said.Record coal consumption driven by heatwaves pushed India's domestic coal inventories below 40 million mt for the first time since the second quarter of 2025.Kpler said the country may turn to more imports if stockpiles fall another 10 million mt, even as domestic production remains strong.

Wire26d ago

Wells Fargo Raises Price Target on GE Aerospace to $390 From $325

GE Aerospace (GE) has an average rating of hold and mean price target of $390.14, 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: $349.61, Change: $+3.88, Percent Change: +1.12%

$GE

Wire26d ago

JPMorgan Raises American Electric Power Price Target to $148 From $140, Maintains Neutral Rating

American Electric Power (AEP) has an average rating of overweight and mean price target of $145.75, 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: $132.03, Change: $-1.10, Percent Change: -0.83%

$AEP

International26d ago

Cargo Traffic to Los Angeles Port Expected to Fall in Week Ending Aug. 1

Cargo traffic at the Port of Los Angeles is expected to fall in the week ending Aug. 1, according to data from ship-tracking system Port Optimizer.A total of 110,834 20-foot equivalent units, a standardized measure of cargo capacity, are projected to reach the port in the week, the data showed. That volume reflects a 6.9% decrease from the previous week and a 13% fall from a year earlier.Twenty-one freight vessels are scheduled to arrive at the port in the week ending Aug. 1, the data showed. That compares with 23 vessels scheduled this week and 21 in the week ending July 25.The Office of the US Trade Representative said Wednesday it will impose a 25% tariff on certain imports from Brazil following the conclusion of a Section 301 investigation that found Brazil's trade practices unreasonable and restrictive to US commerce.

Mining & Metals26d ago

CES Energy Solutions Renews Normal Course Issuer Bid

The Toronto Stock Exchange (TSX) accepted CES Energy Solutions' (CEU.TO) notice to implement a normal course issuer bid, the chemical solutions company said after markets closed on Thursday.The NCIB renews the previous bid that will cancel on July 21. Over the next 12 months, the company may buy back up to 18.1-million common shares, which is 10% of the public float of common shares, pursuant to the renewed bid.The renewed NCIB will start on Wednesday and will end by July 21, 2027, or the date when the maximum number of common shares that can be acquired pursuant to the NCIB have been bought, CES Energy Solutions said.The company will also enter into an automatic securities purchase plan.Shares of the company were last seen up 0.4% at C$16.3 on the TSX.Price: $16.31, Change: $+0.08, Percent Change: +0.49%

$CEU.TO

Insider Trading26d ago

Elevance Health Insider Bought Shares Worth $1,002,230, According to a Recent SEC Filing

Gail Boudreaux, Director, President and CEO, on July 17, 2026, executed a purchase for 2,725 shares in Elevance Health (ELV) for $1,002,230. Following the Form 4 filing with the SEC, Boudreaux has control over a total of 172,036 common shares of the company, with 171,976 shares held directly and 60 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1156039/000128792026000006/xslF345X05/wk-form4_1784310641.xmlPrice: $369.48, Change: $-3.37, Percent Change: -0.90%

$ELV

International26d ago

St. Louis Fed US Q2 GDP Nowcast Estimate 2.058% Gain vs Previous 1.717% Gain

Commodities26d ago

Oil Tanker Reportedly Damaged Near Russia's CPC Black Sea Terminal After Drone Attack

An oil tanker sustained damage after two drone strikes near the Caspian Pipeline Consortium's Black Sea terminal, forcing operators to remove the vessel from its loading schedule, according to multiple media reports said on Friday.The Suezmax-class Nordic Zenith caught fire while approaching the terminal near Novorossiysk. The crew extinguished the blaze after the vessel issued a distress signal, according to CPC.Nearby CPC vessels evacuated 13 crew members, while nine others remained aboard. CPC said the damaged tanker could no longer berth or load crude at the terminal, according to the reports.CPC did not identify any party as responsible for the incident, according to the reports.The 1,511-kilometer CPC pipeline links oil fields in western Kazakhstan with Russia's Black Sea coast and serves as the main export route for crude shipped from the Caspian region to global markets.The Caspian Pipeline Consortium did not immediately reply to' request for comment.

Oil & Energy26d ago

EMEA Oil Update: Crude Rallies as US-Iran Hostilities Resume, Shipping Risks Mount

EMEA crude futures climbed in after-hours trading on Friday as renewed hostilities between the US and Iran stoked concerns over potential disruptions to Middle East energy flows, while growing risks to shipping via the Red Sea added further support to crude markets.Brent crude futures rose 3.9% to $87.49 per barrel, while Murban crude futures advanced by 4.3% to $81.09/bbl.Soojin Kim, research analyst at MUFG, said crude prices were on track for their strongest weekly gain since April as escalating military exchanges between the US and Iran intensified concerns over Middle East energy supplies.The US and Iran intensified retaliatory attacks beyond military installations during a sixth straight day of hostilities, increasing fears of a return to full war with no agreement reached over the Strait of Hormuz.US Central Command said overnight that it had completed its sixth consecutive night of strikes against Iran, hitting dozens of military targets such as military logistics infrastructure and maritime capabilities.Centcom said on Friday that the US military destroyed a surveillance tower on Thursday belonging to Iran's Islamic Revolutionary Guard Corps on the country's southeastern coast.The destruction of the Chah Bahar Shahid Kalantari Port surveillance tower in the port city of Chabahar will degrade the IRGC's "ability to track and target commercial shipping in the Strait of Hormuz," and to attack civilian crews, Centcom said.The US Army said the strike protects freedom of navigation in regional waters for all vessels, except for vessels attempting to violate the ongoing US blockade of Iranian ports.Iran, in response, hit US military infrastructure in Bahrain, Jordan, Kuwait, Oman, Qatar and Syria as Tehran steps up its counterstrikes since fighting picked up early last week.Kuwait reported strikes on a water desalination and electricity plant, with many power-generation units sustaining damage.Tehran also fired at Syria, apparently for the first time since the outbreak of the conflict, targeting what it described as a US special forces base in Tanf, an operation that was refuted by US Centcom.Saxo Bank strategies said the exchange of attacks has raised concerns about supplies, with rising energy prices as observable commercial traffic via the Strait slumps.The heightened conflict comes as the interim peace deal reached last month has collapsed, once again disrupting energy flows through the Hormuz. The latest data from Kpler showed Hormuz traffic continued to weaken with eight confirmed crossings on July 16, the lowest level in three weeks.Kpler said seven of the eight transits used the Iranian route, highlighting a growing concentration of movements through higher-risk corridors as operators reassess security, crew safety and insurance exposure.The UKMTO said on Friday that a vessel was boarded by unauthorized personnel while transiting through the Gulf of Aden off the coast of Yemen.The maritime security agency also reported an attack on a tanker near Khasab, Oman, along with separate harassment incidents in waters near Iran's Kharg Islands and Duqm, Oman.

Sectors26d ago

Update: Gold Rises Off Session Lows on a Steady Dollar and Mixed Yields

(Updates prices in the second and final paragraphs.)Gold traded higher midafternoon on Friday, rising off early lows on a steady dollar and mixed treasury yields even as higher oil prices following renewed fighting between Iran and the US revived inflation concerns.Gold for August delivery was last seen up 0.6% to $4,017.00 after earlier touching the lowest level since Nov. 6.The rise comes even as oil prices surged after fresh fighting between the US and Iran keeps the Strait of Hormuz closed, trapping ships that had supplied about 20% of global daily oil demand from Persian Gulf nations before the war.Oil has climbed 14% over the past week as the conflict in the Middle East resumed, fueling concerns that higher inflation will force central banks to raise interest rates, a negative for gold because the metal offers no yield."Gold slipped back below USD 4,000 as inflation concerns driving US rate hike speculation continuing to weigh on investor sentiment. Rising energy prices linked to the Middle East conflict have reinforced inflation risks, while an increasing number of Federal Reserve officials have warned that persistent price pressures could require further policy tightening," Saxo Bank wrote.The dollar was steady, with the ICE dollar index last seen up 0.01 points to 100.78. Treasury yields were mixed, with the US two-year note last seen paying 4.181%, up 2.1 basis points, while the yield on the 10-year note was down 0.8 points to 4.551%.

$GCQ6$GLD

Wire26d ago

Top Midday Gainers

Travelers' (TRV) Q2 earnings unexpectedly increased year over year, while the property and casualty insurer's written premiums came in ahead of market estimates.Shares jumped 8.3% as intraday trading volume climbed to over 2.38 million from a daily average of about 1.70 million.Kalaris Therapeutics (KLRS) said Friday that additional patients from its phase 1a trial of TH103 in neovascular age-related macular degeneration showed improvements in vision and retinal anatomy.Shares surged 18% as intraday trading volume jumped to over 9.83 million from a daily average of about 79,000.Callan JMB's (CJMB) shares rose 40% amid heavy trading after the company announced a partnership with Alabama State University to support the development of an integrated pharmaceutical manufacturing ecosystem.More than 41.8 million shares of the company traded intraday, compared with a daily average of about 373,000.Price: $365.63, Change: $+27.81, Percent Change: +8.23%

$CJMB$KLRS$TRV

Commodities26d ago

US Natural Gas Update: Futures Pare Thursday's Losses

US natural gas futures rebounded from Thursday's losses in midday Friday trade, partially recovering some ground as traders focused on some bullish market signals despite near-term supply pressure.The front-month Henry Hub contract and the continuous futures contract both gained 1.89%, to trade at $2.912 per million British thermal units.NRG Energy said the natural gas market experienced downward pressure Thursday after the US Energy Information Administration reported a 41 billion cubic feet storage injection, a build that exceeded most analyst expectations.Some forecasts had anticipated a larger increase of up to 45 Bcf, but the report was still viewed as bearish enough to push the prompt-month contract down $0.07 to below $2.85/MMBtu from a pre-release high of over $2.95/MMBtu before settling around $2.86/MMBtu.Friday's weather outlook offered limited direction for prices, NRG said. Most major population centers are experiencing seasonally normal temperatures, although warmer conditions persist across parts of the Midwest. The West Coast is also expected to see a hot end to July.Gelber & Associates said the market remains caught between competing fundamental forces. The latest 1-15 day temperature outlook was largely unchanged nationwide, with warmer revisions across central and western regions offset by cooler adjustments in the East.The firm said weather remains supportive in some areas but is not widespread enough to significantly tighten the national supply-demand balance.Natural gas production remains elevated at about 109.5 Bcf/d, with the weekly average near 110 Bcf/d. Net Canadian imports are averaging 6.2 Bcf/d for the week, Gelber said.Demand remains supported by power generation and LNG demand. Power burn is estimated at 47.5 Bcf/d, with a weekly average of 46.5 Bcf/d, while LNG feedgas demand is near 18 Bcf/d, averaging 18.2 Bcf/d over the week, Gelber said.With total supply near 116 Bcf/d exceeding demand of roughly 113 Bcf/d, the near-term market remains relatively loose, limiting the potential for a sustained rally.Aegis Hedging noted that exports to Mexico are also expected to provide additional support over the coming weeks.US natural gas exports to Mexico are currently around 7.8 Bcf/d, almost 1 Bcf/d below recent highs, but are forecast to recover toward 8.3 Bcf/d as cooling demand rises across northern Mexico.

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Oil & Energy26d ago