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Sector Update: Healthcare

Healthcare stocks were higher Thursday afternoon, with the NYSE Healthcare Index rising 1.9% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 2.1%.The iShares Biotechnology ETF (IBB) was down 0.5%.In corporate news, UnitedHealth (UNH) shares rose 3.4% after it posted higher Q2 adjusted earnings and revenue and raised its 2026 adjusted EPS outlook.

$UNH

US Markets26d ago

Alphabet Set for Solid Quarterly Results on Cloud Strength, BofA Says

Alphabet (GOOG, GOOGL) is likely to deliver strong second-quarter results amid strength in its cloud business, while the technology giant could raise its capital expenditure outlook, BofA Securities said Thursday.The Google parent is scheduled to report June quarter results Wednesday.BofA projects cloud revenue growth of 70% and search to jump 17% on an annual basis, while Wall Street is looking for gains of 65% and 17%, respectively, the brokerage said in a note to clients Thursday."For cloud, Google has been accelerating capacity expansion to meet strong demand, and we think revenues will reflect strong capacity growth," BofA analyst Justin Post said. "We view Google's recent capital raise, news on Google limiting capacity to certain clients, and Amazon (AMZN) cloud price increase as a positive signal for cloud demand and continue to see upside to Street estimates."Given higher prices of memory and other components, Alphabet could increase its 2026 capex outlook range by 5% to $190 billion to $200 billion, according to the note."Alphabet is investing in compute capacity to support significant cloud customer demand, frontier model development, improve the user experience, and drive higher advertiser (return on investment)," Post wrote.For the search business, third-party data and checks indicate strength in retail for the second quarter, offset "somewhat" by travel and consumer packaged goods, BofA said.The brokerage reiterated its buy rating on the Alphabet stock, with a $430 price objective."We think Alphabet remains well positioned to drive outsized advertising and cloud growth given favorable positioning across foundational models, custom silicon, consumer distribution, and enterprise distribution," Post said. "As both consumer and enterprise adoption of (artificial intelligence) services increases, especially for cloud, it could support more durable revenue growth (less cyclical) and a higher valuation."Price: $371.32, Change: $+0.40, Percent Change: +0.11%

$AMZN$GOOG$GOOGL

Wire26d ago

BlackRock's Private Markets Push Drives Structural Margin Gains, UBS says

BlackRock (BLK) delivered a largely clean Q2 performance, with margin expansion reinforcing confidence that organic base fee growth can be sustained at the high end of guidance, UBS said in a note emailed Thursday.The firm's shift toward higher-margin private markets is driving durable gains, and private credit and AI-related concerns are unlikely to offset intact fundamentals, the note said.Operating margin reached 45.9%, up 260 basis points year over year, driven by roughly $15 billion of private-markets inflows spanning credit, infrastructure, and an outsourced private-equity mandate, according to the note.UBS raised its 2026 and 2027 EPS estimates by 4.5% and 4.0%, respectively, citing continued margin upside as GIP, HPS, and Preqin integrations scale.UBS maintained its buy rating and raised the price target to $1,320 from $1,270.Price: $1092.47, Change: $-0.94, Percent Change: -0.09%

$BLK

Wire26d ago

Apple's June iPhone, Total Revenue Expected In-Line With Forecasts Despite Challenging Backdrop, UBS Says

Apple's (AAPL) June iPhone and total company revenue were in-line with growth forecasts of 20% and 15%, respectively, despite a challenging supply chain and component backdrop, UBS said Wednesday in a note.The company is scheduled to report fiscal Q3 results on July 30.UBS expects total revenue, iPhone revenue, and diluted EPS to track its estimates of $107.8 billion, $53.3 billion, and $1.84, respectively.The iPhone gained market share in the June quarter because Apple was the only vendor that did not raise prices. As memory prices have increased, demand for higher-priced smartphones has outpaced demand for mid-range and low-end phones, partly due to memory allocation. However, UBS said the iPhone's market share gains have already been priced into the stock.Higher contract memory pricing should pressure June iPhone gross margin relative to the March quarter, though the impact should be modestly offset by the final batch of lower-cost memory inventory, the note added.UBS maintained a neutral rating on Apple with a price target of $296.Price: $330.33, Change: $+2.83, Percent Change: +0.86%

$AAPL

Oil & Energy26d ago

Persian Gulf Tensions Keep LNG Prices Elevated, Cloud Winter Outlook, OIES Says

Persistent supply risks in the Persian Gulf continue to tighten global liquefied natural gas markets, lifting prices and clouding Europe's winter storage outlook, the Oxford Institute for Energy Studies said Wednesday in its Quarterly Gas Market Review.The institute said that hopes that the June ceasefire between the US and Iran would lead to a lasting diplomatic breakthrough have faded. Continued attacks have delayed any meaningful recovery in Persian Gulf LNG exports.Security concerns in the Strait of Hormuz remain the biggest obstacle to restoring exports. The report said an attack on Nakilat's Al Rekayyat LNG carrier on July 7 left the vessel disabled off Oman after an engine room fire.OIES said Qatar could quickly restore production at Ras Laffan once conditions improve, but continued conflict leaves little prospect of significant Qatari or Emirati LNG supply returning before autumn.Steady North American LNG production has failed to loosen global balances because Persian Gulf supply remains constrained.Elevated benchmark prices and a backwardated forward curve have also slowed European gas storage injections.Asian buyers continued to outbid European utilities for spot and flexible LNG cargoes as El Nino-driven heat lifted electricity demand for cooling, the report said.Despite elevated prices, LNG imports increased in India, Bangladesh, Thailand, Vietnam and the Philippines, while China and major North-East Asian importers largely stayed out of the spot market, according to the report.Europe recorded stronger cooling demand during record summer temperatures. Weather-related swings in renewable generation, hydro output and nuclear availability increased gas-fired power demand.Gas accounted for 19% of Europe's electricity generation during the second half of June, up from an average of 13% in Q2, the report said.OIES added that renewable energy growth will continue to reduce overall gas-fired generation, but weather-driven demand swings will keep gas use increasingly volatile.The report said the European Union now has little chance of meeting even its least demanding gas storage target this year because non-power gas demand has remained broadly unchanged.European and Asian benchmark gas prices remained elevated and volatile during Q2 2026.TTF climbed from about $13.50 per million British thermal units in mid-April to above $17.50/MMBtu in mid-May before returning to around $13.50/MMBtu in late June, while Argus North-East Asia followed a similar path, the report said.The report said benchmark prices also peaked on March 19-20 after QatarEnergy confirmed Iranian strikes had damaged two of 14 LNG trains at its Ras Laffan export complex.Forward prices continued to reflect supply uncertainty. TTF Q3 contracts stood at $16.26/MMBtu on April 1 before easing to $14.30/MMBtu on June 29, while retaining a slight backwardated curve. Argus North-East Asia forward prices showed a similar trend.The institute said constrained Persian Gulf LNG supply, resilient Asian buying despite high prices and Europe's seasonal storage demand kept prompt and summer 2026 gas prices elevated.OIES said a delayed recovery in Gulf supply could lift prices in Q4 if disruptions persist through winter, especially if European storage remains below average.Traders should monitor European storage, Gulf supply, non-Gulf production growth and non-European LNG demand during Q3 2026, according to OIES.

Wire26d ago

GE Healthcare's Flyrcado Adoption Faces Headwinds, UBS Says

GE Healthcare Technologies (GEHC) expects Flyrcado imaging agent sales of $500 million by 2028, but a slower-than-expected launch has weakened buy-side confidence in the product, UBS Securities said.The adoption of the Flyrcado tracer, used to diagnose coronary artery disease, is being limited by radiopharmacy investment requirements, hospital switching costs and uncertainty over future reimbursement, analysts wrote in a Wednesday research report.The investment firm said the shares are reasonably priced but expects the challenges around Flyrcado to slow adoption and leave its earnings estimates below consensus from 2027 onward.UBS reiterated its neutral rating on the stock and cut its price target to $67 per share from $69.Shares of GE Healthcare were up 1.5% in Thursday afternoon trading.Price: $64.17, Change: $+0.97, Percent Change: +1.53%

$GEHC

Oil & Energy26d ago

ReconAfrica Says Namibia Well Produces Hydrocarbons, Moves to Test Deeper Zones

Reconnaissance Energy Africa said on Thursday its exploration well in Namibia had produced hydrocarbons to the surface for the first time onshore in the country, boosting hopes that its Kavango basin project could hold commercially viable resources.The Canadian energy firm said production testing at the Kavango West 1X discovery well successfully flowed natural gas from the Elandshoek formation, with samples collected for laboratory analysis in the US.The company is now moving equipment to test the shallower Huttenberg formation, where it has identified 76 meters of net hydrocarbon pay.ReconAfrica, which owns the project alongside partners BW Energy and Namibia's National Petroleum Corporation, began testing operations on June 8.The energy firm said the uppermost Elandshoek zone, covering 47 meters, flowed hydrocarbons to the surface during three separate tests, with production occurring intermittently over about 24 hours.However, ReconAfrica said it was unable to determine accurate flow rates during testing due to equipment limitations.The company said pressure readings increased between tests, reaching 2,300 pounds per square inch through the production casing before the second flow test, which it said indicated hydrocarbon deliverability.The next phase of testing will focus on three Huttenberg zones spanning 182 meters of reservoir section. ReconAfrica said the Kavango West 1X well was designed with production casing across the entire 1,657-meter Otavi section, which includes both the Huttenberg and Elandshoek formations.Though the configuration allows individual testing of six targeted zones, the company said the casing may limit access to natural fractures that could improve productivity.ReconAfrica holds a 70% working interest in the project, with BW Energy owning 20% and Namcor holding a 10% carried interest. The partners are exploring the Kavango basin, a largely untested region in northeastern Namibia that has attracted international energy firms' attention.

Oil & Energy26d ago

EMEA Natural Gas Update: Futures Near 3-Month High as Iran Conflict Raises Supply Risks

European natural gas futures climbed again on Thursday, trading near a three-month peak, as escalating US military strikes on Iran and Tehran's threats to target regional energy infrastructure intensified concerns over global energy supplies.The front-month Dutch TTF contract rose 1.696% to 55.270 euros 1 per megawatt-hour, while the front-month UK NBP contract gained 0.917% to 132.080 British pence ($1.78) per therm.Market sentiment was driven by ongoing geopolitical tensions in the Middle East after Iran's military warned that the Strait of Hormuz remained an "unbreakable red line" following escalating exchanges of fire with the US.Iranian officials said the country would destroy "all infrastructure throughout the region" if US President Donald Trump followed through on threats to strike Iranian infrastructure, media outlets reported Thursday.Adding to energy supply concerns, on Thursday, Reuters reported Iran has requested Yemen's Houthi movement to prepare to close the Red Sea oil route if the US attacks Iranian power infrastructure.The heightened geopolitical risk comes as Europe faces a more challenging gas storage outlook ahead of the winter heating season.Gas Infrastructure Europe data showed European gas inventories at 52.77% of capacity, well below the 63.32% level recorded during the same period last year.Inventories were also below the five-year average of 68% for this time of year, according to the Swiss Federal Office of Energy."Europe and Asia will now have to compete for the remaining LNG over the summer, a competition which will become even fiercer if the current heatwave weather continues during the second half of the summer," Mind Energy said on Thursday.The LNG market is already showing signs of tighter regional competition. Reuters reported on Tuesday that Asian LNG imports are expected to reach a six-month high in July, while European imports are set to fall to their lowest level in nearly two years.Although stronger Asian demand is partly driven by seasonal summer consumption, weaker European imports highlight the region's slower progress in rebuilding gas inventories ahead of winter, increasing exposure to supply shocks and geopolitical disruptions, Reuters said.

Wire26d ago

Intel, Google Cloud Expand AI Partnership With Gemini Enterprise Rollout

Intel (INTC) and Alphabet's (GOOG, GOOGL) Google Cloud expanded their partnership to deploy Gemini Enterprise across Intel's workforce and to run chip-design and engineering workloads on Google Cloud's infrastructureIntel will use Gemini-based tools to automate engineering, supply-chain and corporate processes, while Google Cloud will provide the cloud systems needed to speed semiconductor development, the companies said Thursday.Intel shares fell 5.4% in Thursday trading amid a broad decline in chip stocks, and Alphabet rose 0.2%.Price: $97.39, Change: $-5.60, Percent Change: -5.44%

$GOOG$GOOGL$INTC

Mining & Metals26d ago

Demand for Helium in The Semiconductor Industry Offers An Opportunity for Canada, TD Says

Higher helium prices could create significant opportunities for regions with large undeveloped reserves, particularly Canada, which has the world's fifth-largest potential primary helium reserves, according to TD Economics in a note Thursday.Helium is a critical input for semiconductor fabrication, TD Economist Mauri Hall said in a note.Most of the Canadian resources are concentrated in the provinces of Alberta and Saskatchewan, where helium deposits have significantly higher concentrations than the global average, the bank said.Canadian helium resources have average concentrations of around 1%, compared with about 0.1% globally, providing a significant cost advantage through more efficient extraction, said TD. In addition, many Canadian helium deposits are found alongside nitrogen rather than methane, resulting in lower production emissions and less exposure to fossil-fuel price volatility.With Saskatchewan aiming to expand helium exports to meet 10% of global usable helium demand by 2030, the next three to five years could provide a key growth opportunity for Canadian helium producers to strengthen their position in the global market, said Hall.

$CXY

Research26d ago

Baird Upgrades UnitedHealth Group to Neutral From Underperform, Price Target is $453

UnitedHealth Group (UNH) has an average rating of overweight and mean price target of $444.60, 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: $433.07, Change: $+14.55, Percent Change: +3.48%

$UNH

Mining & Metals26d ago

Avicanna Launching Rapid Onset Medical Cannabis Portfolio in Canada

Avicanna (AVCN.TO) on Thursday launched its QUIX-powered rapid-onset medical cannabis portfolio, with initial SKUs to be available in Canada from the third quarter of this year.QUIX is Avicanna's drug delivery technology developed to overcome challenges associated with cannabinoid delivery, like poor water solubility and low and variable bioavailability.The new portfolio reflects Avicanna's focus on developing standardized, accurately dosed, and non-combustible product formats for its medical cannabis portfolio, a statement said.Avicanna shares were last seen up C$0.01, or 8.3%, to C$0.13 on the Toronto Stock Exchange.Price: $0.13, Change: $+0.01, Percent Change: +8.33%

$AVCN.TO$HMMJ.TO

Mining & Metals26d ago

Eureka Metals Enters Option to Buy KM98 Project With Go Metals

Eureka Metals (ERKA.CN) on Thursday said it entered into a definitive option agreement with Go Metals (GOCO.CN) for the exclusive right to earn up to an 80% interest in the KM98 Titanium project, 45-kilometers southwest of the company's Tyee Titanium project in Quebec.The company expects to start its inaugural exploration program at KM98 later this summer. Existing permits are in place for trenching and diamond drilling, it said.Eureka must make cash payments of C$80,000, issue 1.5-million shares and incur C$2 million in exploration expenses at the project over three years, including a minimum of 2,000 meters of diamond drilling to earn an initial 50% interest. After completing the initial earn-in, Eureka may earn an additional 30% interest by making cash payments of C$100,000, paying an additional 2-million shares and incurring an additional C$2.5 million in exploration expenses over the subsequent two-year period, it added.The companies intend to form a joint venture upon completion of the earn-in, with Eureka serving as the operator during the earn-in period and thereafter, unless otherwise agreed by the parties. Go Metals' participating interest will be carried by Eureka through completion of a pre-feasibility study, after which each party will contribute to future expenses in proportion to its participating interest or be subject to dilution in accordance with the terms of the joint venture agreement, the company said.Shares of Eureka Metals were last seen down 4.3% at C$0.335 on the Canadian Securities Exchange.Price: $0.34, Change: $-0.02, Percent Change: -4.29%

$ERKA.CN$GOCO.CN

Wire26d ago

Market Chatter: Chevron Slated to Sign Accords With Iraq for Oil Field Investments

Chevron (CVX) is expected to sign accords with Iraq on Friday that will further the company's negotiations about investing in large oil fields, Bloomberg said Thursday, citing a senior company executive.The talks are focused on the West Qurna-2 field, which is Iraq's second-largest oil complex, the report said, adding that the accords are likely to be non-binding but will show Chevron's commitment to eventually signing commercial agreements for the fields.Chevron and other US and international companies are also exploring the potential of building a pipeline for exporting Iraq's oil by avoiding the Strait of Hormuz, according to Bloomberg.Chevron 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: $184.75, Change: $+3.15, Percent Change: +1.73%

$CVX

Wire26d ago

Pentair's Anticipated Q2 Earnings Miss, 2026 Guidance Cut Largely Pool-Driven, Oppenheimer Says

Pentair (PNR) anticipated Q2 adjusted earnings below its guidance and cut its full-year outlook on account of weakness in its Pool segment, with channel destocking exceeding prior assumptions along with somewhat worsening demand conditions, Oppenheimer said in a note Wednesday.For Q2, the destocking is expected to cut Pool segment sales by $170 million and income by $105 million, while for 2026, the destocking is estimated to cut sales and income by about $250 million and $150 million, respectively, the brokerage said.Pentair now estimates Q2 sales of about $930 million and adjusted earnings per share of about $1.12, below its prior guidance for $1.47 to $1.50. For 2026, the company lowered sales guidance to down about 4% to 7%, while adjusted EPS is expected to be between $4.60 and 4.80, compared with previous outlook range of $5.30 to 5.40, according to the note.Oppenheimer said it now expects 2026 and 2027 EPS of $4.72 and $5.35, compared with $5.35 and $5.90 previously, and sees upside potential from residential demand recovery, mix-accretive commercial sales outgrowth, and strategic capital deployment.Oppenheimer maintained its outperform rating on Pentair and lowered its price target to $94 from $115.Shares of Pentair were up more than 2% in Thursday trading.Price: $65.83, Change: $+1.50, Percent Change: +2.32%

$PNR

Mining & Metals26d ago

S&P/TSX Composite Index Down Nearly 80 Points at Midday

The S&P/TSX Composite index was down nearly 80 points in choppy trade at midday, with the mining sector the worst performer.The mining sector is down 3.5%, as precious metals prices also trade lower.The best performers are industrials (+2%) and telecoms (+1.8%).In economic news, Canadian housing starts this year are expected to fall below last year's levels, as elevated uncertainty, higher development costs, weaker demand and rising unsold inventories continue to weigh on new construction activity, Canada Mortgage and Housing Corporation (CMHC) said Thursday.

S&P/TSX CompositeS&P/TSX Composite

Wire26d ago

United Airlines' Outlook Reflects Confidence in H2 Revenue per Available Seat Mile, UBS Says

United Airlines' (UAL) outlook for Q3 and Q4 total revenue per available seat mile, or TRASM, likely reflects continued strong demand, UBS Securities said in a note emailed Thursday.The company estimates Q3 and Q4 TRASM to exceed Q2's 12.1% level, UBS said, noting an implied Q3 TRASM of about 15% at mid-point as United Airlines sees demand strength through July. United Airlines' fuel assumptions also allows for upside in the coming periods, the investment firm added.UBS also noted strong Q2 passenger revenue per available seat mile across the company's geographic distribution and solid cost control during the period despite headwinds from its labor deal with flight attendants.UBS maintained its buy rating and $153 price target on United Airlines.Price: $117.75, Change: $-3.22, Percent Change: -2.66%

$UAL

Japan26d ago

Update: US Equity Indexes Mixed as Slumping Technology Pushes Nasdaq, S&P 500 Lower

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as a sell-off in chipmakers pushed technology sharply lower, while UnitedHealth's (UNH) strong Q2 results helped lift the price-weighted Dow Jones Industrial Average.The Nasdaq declined 0.8% to 26,063.2, and the S&P 500 fell 0.2% to 7,557.6 after midday Thursday. The Dow Jones Industrial Average bucked the intraday trend, up 0.2% to 52,769.1.Consumer staples, healthcare, and real estate topped the gainers, while technology slumped, down 1.8% intraday.Shares of Taiwan Semiconductor Manufacturing (TSM) retreated 2.6% after the firm earmarked an additional $100 billion to increase its chipmaking capacity in the US, raising its total planned investment to $265 billion, Bloomberg reported Thursday, citing a US official. Taiwan Semiconductor also reported Q2 results on Thursday, with year-over-year earnings and net revenue rising and Q3 sales guidance beating consensus.Among stocks with market capitalization exceeding $200 billion each, 15 out of the bottom 20 names were from the technology sector, according to data compiled by Finviz. Half of the decliners were semiconductor firms, the data showed. The worst performer was SanDisk (SNDK), down 9.5%.In company news, UnitedHealth's shares jumped 3.5%, making it one of the Dow's top gainers, after the company posted higher Q2 adjusted earnings and revenue and raised its 2026 adjusted EPS outlook.In geopolitical news, Iran has asked Yemen's Houthi movement to stand ready to close the Red Sea oil route if the US strikes Iranian power infrastructure, Reuters reported, citing three sources.The front-month US West Texas Intermediate was little changed at $79.61 a barrel, and global benchmark North Sea Brent was steady at $84.96 a barrel. Both crude oil types traded lower earlier in the session.Most US Treasury yields rose after midday, with the 10-year up 2.8 basis points to 4.57%.

Dow JonesNasdaq CompositeS&P 500$SNDK$TSM$UNH

Wire26d ago

Arteris Seen Benefiting From AI-Driven Demand for NoC Interconnect IP, Oppenheimer Says

Arteris (AIP) is the merchant leader in network-on-chip interconnect intellectual property, the data-movement layer inside AI-era systems-on-chip and chiplets, as it benefits from demand for complex chip designs from AI, high-performance computing and automotive customers, Oppenheimer said in a note Thursday.The brokerage said its thesis is based on AI-driven demand for interconnect IP sustaining licensing growth and share gains from in-house network-on-chip IP. It also expects royalty revenue growth to accelerate as customers move from chip design to mass production.Oppenheimer said high operating leverage and financial visibility support a profit inflection, while switching costs and ecosystem neutrality help protect Arteris' market position.Annual contract value, a leading indicator of licensing revenue, grew 27% to $77 million in 2025. Remaining performance obligations, another leading indicator, increased 32% to $116.8 million at year-end 2025. Oppenheimer said the metrics provide nearly 80% visibility into 2026 licensing revenue.The commercial NoC interconnect IP market is effectively a duopoly between Arteris and Arm Holdings (ARM), the brokerage added.Oppenheimer initiated coverage of the stock with an outperform rating and a $40 price target.Shares of Arteris were down 5.7% in Thursday afternoon trading.Price: $30.83, Change: $-1.85, Percent Change: -5.66%

$AIP

Wire26d ago

Vale to Adopt Wabtec's Train Control Technology in Brazil

Wabtec (WAB) said Thursday it has signed an agreement with Vale (VALE) to implement the Positive Train Control system to improve safety standards on the Carajas Railway and the Vitoria a Minas Railway in Brazil.The firm said that the project, representing an investment of about 1 billion Brazilian real ($196 million), will be implemented in phases through 2031.The PTC system enhances predictability and reliability in railway operations through data transmission and monitoring technology, the company said.Price: $262.48, Change: $+2.77, Percent Change: +1.06%

$VALE$WAB

Showing 15121-15140 of 71406

Oil & Energy26d ago