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US Equity Futures Mixed Pre-Bell Amid Re-Escalation of Middle East Hostilities

US equity futures were mixed pre-bell Thursday as traders observed the recent rise in hostilities between the US and Iran, which threatened to derail peace talks between the two nations.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.7% higher.In a post on X, US Central Command said it completed a second round of strikes, hitting 90 more Iranian military targets. The US military had struck 80 Iranian targets the day before in response to Iran's attacks on three commercial ships transiting the Strait of Hormuz.President Donald Trump told reporters that Iran had reached out and "badly" wanted to make a deal to halt the escalating hostilities in the Middle East. Trump said he does not know if the two nations are returning to an all-out conflict, but added that the US would win "very quickly" if the war resumed.Traders also digested the latest round of earnings, with PepsiCo (PEP) posting higher fiscal Q2 core earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.5% at $78.46 per barrel and US West Texas Intermediate crude 0.4% higher at $73.82 per barrel.The weekly jobless claims bulletin is expected to show 217,000 new unemployment claims for the week ended July 4, up from 215,000 in the prior week, according to estimates compiled by Bloomberg.The existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 1.0% for June after a gain of 3.2% in the prior month.New York Federal Reserve President John Williams and Dallas Fed President Lorie Logan are slated to speak on Thursday.

Dow JonesNasdaq CompositeS&P 500$PEP

Research29d ago

BMO Capital Initiates DENTSPLY SIRONA at Market Perform With $12 Price Target

DENTSPLY SIRONA (XRAY) has an average rating of hold and mean price target of $13.33, 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)

$XRAY

Research29d ago

BMO Capital Initiates CONMED at Market Perform With $36 Price Target

CONMED (CNMD) has an average rating of hold and mean price target of $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)

$CNMD

Asia29d ago

Rept Battero Energy Expects H1 Profit of Up to 850 Million Yuan

Rept Battero Energy (HKG:0666) expects to record net profit of 700 million yuan to 850 million yuan for the first half of 2026, compared with a net loss of about 63 million yuan a year earlier, according to a Thursday Hong Kong bourse filing.The battery maker expects first-half revenue to rise 52.8% to 60.1% year over year to a range of 14.5 billion yuan to 15.2 billion yuan.The company expects to release its first-half financial results by the end of August.

HKG:0666

Mining & Metals29d ago

Dynacor Commences Ore Production at Galam Pilot Plant in Senegal

Dynacor Group (DNG.TO) has commenced ore production from the Galam pilot plant in Senegal, in line with schedule, the ore processing company said Thursday.The pilot plant is over 95% complete and it is on track to achieve first gold pour in August, Dynacor said.The company expects the Galam plant to become a key driver of its expansion strategy.Meanwhile, Dynacor said it continues to advance the rehabilitation of the Svetlana plant in Ecuador, with a restart targeted in the fourth quarter."With ongoing strong core operations and both new plants on schedule, we are poised for a strong second half of the year," CEO Daniel Misiano said.

$DNG.TO

Research29d ago

BMO Capital Initiates Alphatec Holdings at Outperform With $11 Price Target

Alphatec Holdings (ATEC) has an average rating of buy and mean price target of $16, 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)

$ATEC

Research29d ago

CN Rail and CP Kansas City Price Targets Raised at Desjardins

Desjardins raised its price targets on Canadian National Railway (CNR.TO, CNI) to C$185 from C$163, and on Canadian Pacific Kansas City (CP.TO) to C$141 from C$131.Analyst Benoit Poirier maintained a Buy rating on both Canadian railroads."We are encouraged by the latest macro trends and positive volume backdrop, which nicely position both railroads heading into 2Q26 reporting (slight preference for CN in the short term)," Poirier said in a note to clients."Our revised multiples are closer to their five-year averages, which is justified in light of the improved macro and encouraging volume backdrop," the analyst said.(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)

$CNI$CNR.TO$CP.TO

Research29d ago

BMO Capital Initiates Align Technology at Outperform With $209 Price Target

Align Technology (ALGN) has an average rating of overweight and mean price target of $208.29, 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)

$ALGN

Mining & Metals29d ago

Horizon Petroleum Launches C$500,000 Fully Subscribed Convertible Debenture Financing

Horizon Petroleum (HPL.V) launched a fully subscribed financing of convertible debentures, taking the form of a private placement offering for up to C$500,000 of secured convertible debentures at C$1,000 apiece, it said in a statement on Thursday.The proceeds will be used to pay costs of the workover and production testing of the Lachowice 7 gas well, pay work program obligations in the Cieszyn concession and provide working capital for general corporate purposes in Poland and in Canada.Shares of the company closed up 5.7% to C$0.185 on Wednesday on the TSX Venture Exchange.

$HPL.V

Asia29d ago

Bank of Qingdao Sells 4 Billion Yuan Bonds

Bank of Qingdao (HKG:3866, SHE:002948) completed the issue of 4 billion yuan of undated bonds, according to a Thursday Hong Kong bourse filing.The bonds have an interest rate of 2.01% during the first five years, after which it will be reset every five years.The lender has the right to redeem all or part of the bonds on every interest payment date from the fifth year onward.The bank will use proceeds to supplement its other tier-one capital.

HKG:3866SHE:002948

Mining & Metals29d ago

VersaBank Adds Second ECN Capital Subsidiary to U.S. Structured Receivable Program

VersaBank (VBNK.TO) said Wednesday that an ECN Capital subsidiary will use its core structured receivable program (SRP) in the U.S.This is the the second SRP program with ECN Capital, the company said.The ECN subsidiary is expected to contribute at least $300 million in additional U.S. SRP fundings annually with initial funding expected shortly. VersaBank and ECN Capital believe the program could grow beyond $500 million per year in the future, a statement said.

$VBNK.TO

Mining & Metals29d ago

Kits Eyecare Says Preliminary Q2 Revenue Rises 17.3%

Kits Eyecare (KITS.TO) reported preliminary second quarter results on Thursday and said total revenue rose 17.3% year-over-year to around C$58.2 million in the quarter.The eyecare provider's preliminary second quarter glasses revenue increased around 50.6% year-over-year to C$10.8 million, it said.Preliminary second quarter adjusted EBITDA exceeded C$2.6 million, the company added.

$KITS.TO

Research29d ago

Stella-Jones Price Target Lowered to C$82 at CIBC

CIBC Capital Markets lowered its price target on Stella-Jones (SJ.TO) to C$82 from C$87.The firm maintained a Neutral rating on shares of the Canadian manufacturer of industrial pressure-treated wood products."While SJ has pointed to steady organic tie sales this year for railway ties and low-single-digit average annual growth over 2026-2028, we remain more cautious," Analyst Hamir Patel said in a note to clients. "Based on our channel checks, multiple industry participants described current tie market conditions as among the weakest they have seen in their careers, reinforcing our cautious view."(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)

$SJ.TO

Research29d ago

JPMorgan Downgrades Stellantis to Neutral From Overweight, Adjusts Price Target to $6.85 From $11.64

Stellantis (STLA) has an average rating of hold and mean price target of $8.38, according to analysts polled by FactSet.

$STLA

Research29d ago

Wolfe Research Upgrades W.W. Grainger to Peer Perform From Underperform

W.W. Grainger (GWW) has an average rating of hold and mean price target of $1,266.83, 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)

$GWW

US Markets29d ago

Equity Futures Mostly Rise as Markets Assess Renewed Middle East Tensions

US equity markets were mostly pointing higher before the opening bell Thursday as traders weighed rising tensions between Washington and Iran.S&P 500 futures ticked up 0.1% and the Nasdaq rose 0.6% in premarket activity, while the Dow Jones Industrial Average edged down 0.2%. The Dow finished Wednesday trading with its sharpest single-day decline in four weeks. The S&P also closed lower, while the Nasdaq was up.The US Central Command said Wednesday its forces completed another round of strikes against Iran to "further degrade" its ability to attack commercial shipping through the Strait of Hormuz. The US struck Iran earlier in the week after Tehran attacked three tankers that crossed the crucial waterway.US President Donald Trump said Wednesday he was no longer interested in negotiating with Iran, saying he believed the recent memorandum of understanding signed between the two countries to end their war was over.West Texas Intermediate crude oil nudged 0.4% higher to $73.80 a barrel before the open Thursday, while Brent gained 0.5% to $78.41."The latest escalation in US-Iran military tensions this week raises new risks," ING Bank said in a report. "Vessels transiting the Strait of Hormuz remain well below pre-war levels, (and) recent developments show that safe passage of vessels is still an issue facing the market."On Wednesday, minutes from the Federal Reserve's June policy meeting showed that central bank officials held diverging views on the appropriate path of interest rates. At that meeting, the Federal Open Market Committee unanimously decided to maintain the policy rate steady for the fourth consecutive time.US Treasury yields were higher in premarket action Thursday, with the 10-year rate increasing 1.8 basis points to 4.59% and the two-year rate rising one basis point to 4.20%.Thursday's economic calendar has the weekly jobless claims bulletin at 8:30 am ET, followed by the existing home sales report for June at 10 am. New York Fed President John Williams is scheduled to speak at 9 am.Shares of Broadcom (AVGO) added 1.6% pre-bell after closing Wednesday with a 4.8% rise, as Apple (AAPL) confirmed the semiconductor manufacturer will produce chips to be used in the iPhone maker' products in a deal likely worth more than $30 billion.Nvidia (NVDA) inclined 0.1%, while Arista Networks (ANET) advanced 1.3%.PepsiCo (PEP) declined 1.3%, as the beverage and snacking giant reported its latest quarterly results early Thursday. Simply Good Foods (SMPL) also posts its earnings pre-bell, while WD-40 (WDFC) is slated to announce its results after the markets close.Gold rose 0.8% to $4,114 per troy ounce, while bitcoin traded up 1% at $62,784.

Dow JonesNasdaq CompositeS&P 500$AAPL$ANET$AVGO$NVDA$PEP$SMPL$WDFC

Research29d ago

Goldman Sachs Downgrades Mattel to Sell From Neutral, Cuts Price Target to $12 From $15

Mattel (MAT) has an average rating of overweight and mean price target of $19.17, according to analysts polled by FactSet.

$MAT

Research29d ago

Arete Downgrades Paramount Skydance to Sell From Neutral, Adjusts Price Target to $2 From $14

Paramount Skydance (PSKY) has an average rating of hold and mean price target of $12.15, according to analysts polled by FactSet.

$PSKY

Research29d ago

Wolfe Research Downgrades Pentair to Peer Perform From Outperform

Pentair (PNR) has an average rating of overweight and mean price target of $103.28, according to analysts polled by FactSet.

$PNR

Research29d ago

Wells Fargo Upgrades Ternium to Equalweight From Underweight, Adjusts Price Target to $45 From $43

Ternium S.A (TX) has an average rating of overweight and mean price target of $53.27, 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)

$TX

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US Markets29d ago

Equity Futures Mostly Rise as Markets Assess Renewed Middle East Tensions

Dow JonesNasdaq CompositeS&P 500$AAPL$ANET$AVGO$NVDA$PEP$SMPL$WDFC