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Sector Update: Tech

Tech stocks were higher Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.4% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 4.1%.The Philadelphia Semiconductor index climbed 3.3%.In corporate news, AeroVironment (AVAV) shares jumped past 17% after it reported stronger-than-expected fiscal Q4 results and issued an upbeat full-year revenue outlook at the midpoint.

$AVAV

Treasury35d ago

PesoRama Gets Approval to List Its Convertible Debentures on the TSX Venture Exchange

PesoRama (PESO.V) on Tuesday said the TSX Venture Exchange granted the company the final approval for the listing of its 9.0% senior unsecured convertible debentures on the exchange.The debentures mature on June 18, 2029, and bear an annual interest rate of 9.0%. The company expects trading of the debentures to start trading on or about July 3, under the trading symbol "PESO.DB".The debentures are convertible into PesoRama shares priced at C$0.91.Shares of the company were last seen up C$0.01, or 1.9%, to C$0.54 on the TSX Venture Exchange.Price: $0.54, Change: $+0.01, Percent Change: +1.89%

$PESO.V

Wire35d ago

Kontoor Brands' Helly Hansen Seen Driving Growth Transition, UBS Says

Kontoor Brands' (KTB) two core brands have significant long-term potential across categories, channels and geographies, and the company could transition from a cash flow stock to a growth stock after the planned sale of its Lee business, UBS Securities said.The investment firm said in a note Monday it remains bullish on Helly Hansen's outlook following a US-focused analysis and believes the brand could lift Kontoor's long-term sales growth to the mid-single-digit percentage range from low-single-digit.UBS pointed to a runway for Helly Hansen to expand gradually across key wholesale accounts including Dick's Sporting Goods, REI, and Scheels following an initial test at House of Sport, alongside accelerating direct-to-consumer growth from higher marketing investment and an improved product pipeline.The brokerage forecasts Helly Hansen's revenue will reach more than $1 billion by fiscal 2030, driven in part by its US business more than doubling to about $330 million from roughly $150 million in fiscal 2025.UBS maintained its buy rating, with a price target of $131.Price: $83.90, Change: $+1.91, Percent Change: +2.33%

$KTB

Wire35d ago

Philip Morris Gets Modified Risk Tobacco Product Orders for 20 ZYN Products

Philip Morris International (PM) said Tuesday the US Food and Drug Administration issued Modified Risk Tobacco Product orders for 20 variants of ZYN nicotine pouch products.The company said the orders allow it to market the following claim: "Using ZYN instead of cigarettes puts you at a lower risk of mouth cancer, heart disease, lung cancer, stroke, emphysema, and chronic bronchitis."In January 2025, ZYN was the first nicotine pouch authorized for sale in the US, the firm said.Price: $180.22, Change: $-2.66, Percent Change: -1.45%

$PM

Wire35d ago

Supreme Court Reportedly to Hear Apple Appeal of Epic Case Ruling

The US Supreme Court said Tuesday it will hear an appeal by Apple (AAPL) challenging lower court rulings that it willfully defied a 2021 ruling involving developer fees for its App Store, according to media reports.Apple didn't immediately reply to a request for comment from.Price: $288.89, Change: $+7.14, Percent Change: +2.54%

$AAPL

Mining & Metals35d ago

Canadian Copper Secures Approved Sale and Vesting Order for Its Caribou Complex Acquisition

Canadian Copper (CCI.CN) on Tuesday said it received court approved for its acquisition of the Caribou Complex in New Brunswick.The completion of the acquisition of the Caribou Process Plant and related property title transfer is now subject to customary exchange of closing documents and the satisfaction of certain closing conditions, among others, the company said."This transaction approval is well-timed as we are also on track to register our EIA permit next week and start the next chapter of Canadian Copper's development story," Chief Executive Simon Quick said in a release.Shares of the company were last seen up C$0.02, or 3.4%, to C$0.60 on the Canadian Securities Exchange.Price: $0.59, Change: $+0.01, Percent Change: +1.72%

$CCI.CN

Insider Trading35d ago

Globe Life Insider Sold Shares Worth $331,483, According to a Recent SEC Filing

Dolores L Skarjune, Executive Vice President and Chief Administrative Officer, on June 30, 2026, sold 1,850 shares in Globe Life (GL) for $331,483. Following the Form 4 filing with the SEC, Skarjune has control over a total of 16,596 common shares of the company, with 13,697 shares held directly and 2,899 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/320335/000032033526000201/xslF345X05/form4.xmlPrice: $179.88, Change: $+0.63, Percent Change: +0.35%

$GL

Wire35d ago

Diana Shipping Extends Financing for Genco Buyout Proposal

Diana Shipping (DSX) said Tuesday it has extended the fully committed financing supporting its offer to acquire the remaining outstanding shares of Genco Shipping & Trading (GNK).The $1.41 billion financing package includes an unchanged $1.10 billion tranche and a second tranche adjusted to $310 million from $331 million after Genco Shipping sold two vessels, the company said.The company maintained its bid of $27.34 per share, consisting of $24.80 in cash and one Diana Shipping share, it added.Price: $2.04, Change: $+0.03, Percent Change: +1.49%

$DSX$GNK

Wire35d ago

Supreme Court Reportedly to Hear Apple Appeal of Epic Case Ruling

$AAPL

Wire35d ago

Madison Square Garden Entertainment Expands Marketing Partnership With Lexus

Madison Square Garden Entertainment (MSGE) and Madison Square Garden Sports (MSGS) said Tuesday that they expanded their multi-year marketing partnership with Lexus.Under the expanded partnership, Lexus will become the entitlement partner of the VIP North and South entrances into Chase Square, and will expand its vehicle display at Radio City Music Hall to be featured during all events at the venue, the companies said.Lexus will also be prominently promoted on the digital boards outside of Madison Square Garden, according to a statement.Financial details related to the agreement were not disclosed.Price: $81.59, Change: $+0.64, Percent Change: +0.79%

$MSGE$MSGS

Commodities35d ago

US Natural Gas Production, LNG Exports Reach April Highs in 2026, EIA Says

US dry natural gas production extended its growth streak over the year to 13 months in April, while liquefied natural gas exports reached a record April level, the US Energy Information Administration said Tuesday in its monthly report covering April data.Dry natural gas production totaled 3,328 billion cubic feet, averaging 110.9 Bcf per day, in April, up 3.8%, or 4 Bcf/d, from a year earlier, according to the EIA.April production marked the highest daily level ever recorded for the month and the second-highest monthly rate since the dataset began in 1973, the report said.Gross natural gas withdrawals reached 4,059 Bcf, or 135.3 Bcf/d, rising 3.9% from 130.2 Bcf/d a year earlier. The daily rate also set an April record dating back to 1980.Estimated natural gas consumption increased 0.5% over the year to 2,389 Bcf, or 79.6 Bcf/d, from 79.2 Bcf/d in April 2025, the EIA added.Residential deliveries fell 13.8% over the year to 281 Bcf, or 9.4 Bcf/d, the weakest April rate since 2017. Commercial deliveries declined 8.0% over the year to 241 Bcf, or 8 Bcf/d, the lowest April level since 2020.Industrial deliveries edged up 0.3% over the year to 699 Bcf, or 23.3 Bcf/d, from 23.2 Bcf/d a year earlier, according to the EIA.Electric power deliveries climbed 8.2% to 898 Bcf, or 29.9 Bcf/d, from 27.7 Bcf/d, reaching the highest April rate since records began in 2001.Net natural gas exports reached 591 Bcf, or 19.7 Bcf/d, the strongest April daily level since the agency began tracking net trade in 1973, the EIA said.The US shipped 3.7 times as much natural gas abroad as it imported in April, as exports increased over the year and imports declined, the report said.Natural gas imports fell 8.1% to 217 Bcf, or 7.2 Bcf/d, from 7.9 Bcf/d a year earlier, the lowest April daily level since 2021.Natural gas exports rose 11.4% to 808 Bcf, or 26.9 Bcf/d, from 24.2 Bcf/d, marking the highest April daily rate since 1973, EIA data show.LNG exports increased 20.1% from April 2025 to the highest April daily level since the agency began tracking them in 1997.The US exported 17.9 Bcf/d of LNG to 35 countries during April, according to the EIA.

Treasury35d ago

Great-West Lifeco Prices 500-Million Euro Bonds Offering

Great-West Lifeco (GWO.TO) has priced its 500 million euro bonds offering, the company said on Tuesday.The seven-year bonds will pay an annual coupon of 3.625% and are priced at 99.575% of par. They are expected to be rated A+ by S&P Global Ratings and A by Fitch Ratings, a statement said.The offer is expected to close on July 7. Great-West will apply for the bonds to be listed on the Global Exchange Market of the Irish Stock Exchange.Proceeds will be used for general corporate purposes, and may include redeeming Great-West's 500 million euro bonds maturing in December 2026.This is the company's fourth debt issue in the euro market.Great-West shares were last seen up $1.48, 0r 1.7%, to $90.18, on the Toronto Stock Exchange.Price: $90.18, Change: $+1.46, Percent Change: +1.65%

$GWO.TO

Japan35d ago

Update: Semiconductors Push US Equity Indexes Higher in Midday Trading; Crude Oil Declines

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes rose amid semiconductor-led gains in technology and a decline in crude oil after midday Tuesday.The Nasdaq Composite jumped 1.2% to 26,135.1, with the S&P 500 up 0.7% to 7,489.7, and the Dow Jones Industrial Average higher by 0.3% to 52,348.4.Technology was the standout gainer, followed by industrials.Of the top 20 stocks with a market capitalization of more than $200 billion, 17 were from the tech sector, according to data compiled by Finviz. Within those tech names, the majority were either semiconductors or semiconductor equipment and materials. The top gainer was Advanced Micro Devices (AMD), trading up 7.1%.In geopolitical news, US envoy for the Middle East Steve Witkoff and President Donald Trump's son-in-law Jared Kushner are in Doha to meet Qatari mediators, CNN reported Tuesday, citing Qatar's Foreign Ministry spokesperson. The US duo will not meet with Iranian officials, the news report added.The mediators are working as go-betweens for US-Iran talks, which won't include any high-level officials, Qatar's Foreign Ministry spokesman Majed al-Ansari said, according to an Associated Press report.The front-month global benchmark North Sea Brent slipped 0.2% to $73.01 per barrel, and the US West Texas Intermediate fell 1.1% to $70.00 per barrel.

Dow JonesNasdaq CompositeS&P 500

US Markets35d ago

April Home Price Growth Accelerates Annually But Remains Constrained Amid Inflation, S&P Says

US home price growth accelerated annually in April, though the value of homes continued to deteriorate in real terms as high inflation outpaced price gains, S&P Global (SPGI) division S&P Dow Jones Indices said Tuesday.The national S&P Cotality Case-Shiller Index rose 0.8% year over year in April without seasonal adjustments, up from a 0.7% increase the month prior. The 10- and 20-city composites advanced 1.8% and 1.1%, respectively. Those measures accelerated from March's growth rates of 1.5% and 0.9%, respectively, according to the report."April's figures confirm that US home prices remain essentially flat," said Nicholas Godec, head of fixed income tradables and commodities at S&P Dow Jones Indices. "With inflation accelerating to 3.8% in April, US home values have now declined in real terms for an 11th straight month, further eroding inflation-adjusted housing wealth."Markets in the Midwest and Northeast are "still leading moderate growth" in home prices, while much of the Sun Belt and Western regions continue to see declines, according to Godec.Among the 20 cities, Chicago logged the highest annual price gain of 6.5% in April, followed by New York and Cleveland. Prices in Seattle fell 2.3%, the steepest decline, the data showed.Sequentially, pre-seasonally adjusted national home prices increased 0.8% in April, compared with a 0.7% rise the month prior. The 10-city composite index was up 1.1%, while the 20-city composite increased 1%, the data showed. In March, the 10- and 20-city composites advanced 1.2% and 1.1%, respectively, according to the report."Monthly price movements show seasonal strength masking underlying softness," Godec said. "After dipping below 6% earlier this year, 30-year mortgage rates climbed back to 6.3% in April, keeping financing costs elevated."Home price growth continues to be constrained in a higher rate environment, with housing mainly "treading water in nominal terms and falling in real terms," Godec added.Separately, the Federal Housing Finance Agency said US home prices decreased 0.1% sequentially in April, following a 0.2% rise the month before, which was the consensus in a Bloomberg-compiled survey. Annually, prices increased 2% in April, the FHFA said.Earlier this month, a survey by Redfin showed that US home prices increased 0.3% in May on a seasonally adjusted basis, the fastest monthly gain since January.Price: $406.21, Change: $-2.35, Percent Change: -0.58%

$SPGI

Research35d ago

Update: BofA Downgrades Fox Factory to Underperform From Neutral, Cuts Price Target to $20 From $24

(Updated to include BofA's commentary)BofA Securities downgraded Fox Factory (FOXF) to underperform from neutral and lowered its price target to $20 from $24.While the company's progress through its Profit Optimization Initiative, centered on business line rationalization, supply chain and materials cost productivity, and opex reduction, are expected to drive an uptick in H2 margins, the brokerage sees limited 2026 earnings upside.Fox Factory has an average rating of overweight and mean price target of $21.67, 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: $16.88, Change: $-1.22, Percent Change: -6.72%

$FOXF

Wire35d ago

Barclays Adjusts Zoetis Price Target to $85 From $136

Zoetis (ZTS) has an average rating of overweight and mean price target of $115.08, according to analysts polled by FactSet.Price: $71.87, Change: $-1.38, Percent Change: -1.88%

$ZTS

Mining & Metals35d ago

Ongwe Minerals Raises C$23 Million in a Share Offering and a Concurrent Private Placement

Ongwe Minerals (OGW.V) on Tuesday said it closed a brokered private placement of shares and a concurrent non-brokered private placement that raised C$23 million.The company sold 13.3-million shares priced at C$1.38 apiece for $18.4 million in the brokered financing, including the full exercise of the agents' 2.2-million share over-allotment option.Ongwe concurrently closed a non-brokered offering of 3.3-million shares also priced at C$1.38 for additional proceeds of C$4.6 million.Proceeds will be used for exploration work at its Namibian properties and for working capital and general corporate needs.Shares of the company were last seen up C$0.03, or 2.2%, to C$1.42 on the TSX Venture Exchange.Price: $1.42, Change: $+0.03, Percent Change: +2.16%

$OGW.V

Wire35d ago

Rezolve AI Secures Shareholder Approval for Up to $300 Million Stock Buyback

Rezolve AI (RZLV) said Tuesday its shareholders have approved the capital reduction and buyback authority needed to launch a share buyback program of up to $300 million.The share buyback program remains subject to standard UK court approval, which is expected by mid-September.Rezolve AI reaffirmed fiscal 2026 revenue guidance of about $360 million and said it expects to exit 2026 with at least $500 million in annual recurring revenue.Analysts polled by FactSet expect 2026 revenue of $351.1 million.Rezolve AI shares were 10% higher in Tuesday tradingPrice: $2.86, Change: $+0.26, Percent Change: +10.00%

$RZLV

US Markets35d ago

Consumer Confidence Rises in June as Falling Oil Prices Eases Inflation Fears

US consumer confidence edged higher in June as falling oil prices amid an extended US-Iran ceasefire eased inflation fears, the Conference Board said Tuesday.The consumer confidence index climbed to 91.2 this month from May's downwardly revised reading of 90.6. The consensus was for a 94.4 print in a Bloomberg survey."Consumer confidence inched up in June as falling oil prices in recent weeks provided some relief to consumer inflation fears," Conference Board Chief Economist Dana Peterson said.On Friday, a University of Michigan survey showed that consumer sentiment increased in June amid moderating gasoline prices as inflation expectations fell.Global oil prices were headed toward a 19% decline for the month of June following a memorandum of understanding between the US and Iran to end their conflict. But the diplomatic path forward remains uncertain as both nations exchanged fresh strikes over the weekend."Consumers' write-in responses on factors affecting the economy continued to skew towards pessimism in June," the Conference Board's report said. "References to prices and oil and gas eased in frequency but remain elevated. Mentions of war, geopolitics, and conflict eased, reflecting some easing of consumer concerns about the inflationary impacts of the war in the Middle East."Consumers' one-year inflation expectations were "less elevated" this month, according to the survey.The present situation measure dropped three points sequentially to 116.4, while the expectations component increased by three points to 74.4, the Conference Board said.Consumer appraisals of current business conditions were "slightly" more positive than in May, though the percentage of people saying jobs were "hard to get" rose to the highest level since January 2021, Peterson said.

Commodities35d ago

US 2026 Corn Acres Hit 4th Highest Since 1944, Soybean Acres Up 5% Over Year-Ago Levels, USDA Says

US farmers planted 95.3 million acres of corn in 2026, slightly above the trade estimates of 94.9 million, unchanged from the US Department of Agriculture's March estimate, and down 3% from a year ago, the USDA forecast in an annual report on Tuesday.This represents the fourth-highest planted acreage in the US since 1944.US farmers planted 85.4 million acres of soybeans in 2026, equal to the trade estimates of 85.3 million, up from the USDA's March estimate of 84.7 million, and up 5% from a year ago.Corn stocks in all positions on June 1 totaled 5.29 billion bushels, up 14% compared with a year ago. Of the total stocks, 2.96 billion bushels are stored on farms, up 16% from a year earlier.Off-farm stocks, at 2.34 billion bushels, are up 12% from a year ago. The March-May 2026 indicated disappearance is 3.74 billion bushels, compared with 3.50 billion bushels during the same period last year.Soybeans stored in all positions on June 1, 2026, totaled 1.06 billion bushels, up 5% from June 1, 2025. On-farm stocks totaled 367 million bushels, down 11% from a year ago.Off-farm stocks, at 694 million bushels, are up 16% from a year ago. Indicated disappearance for the March-May 2026 quarter totaled 1.06 billion bushels, up 18% from the same period a year earlier.

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US Markets35d ago

April Home Price Growth Accelerates Annually But Remains Constrained Amid Inflation, S&P Says

$SPGI