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Goldman Sachs Adjusts Honeywell International Price Target to $276 From $552, Maintains Buy Rating

Honeywell International (HON) has an average rating of overweight and mean price target of $263.06, according to analysts polled by FactSet.Price: $227.35, Change: $-0.45, Percent Change: -0.20%

$HON

UBS Adjusts Price Target on Core Natural Resources to $100 From $107, Maintains Buy Rating

Core Natural Resources (CNR) has an average rating of buy and mean price target of $110.20, 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: $80.78, Change: $+1.60, Percent Change: +2.02%

$CNR

NovoCure Says Optune Pax Receives CE Mark for Locally Advanced Pancreatic Cancer Treatment

NovoCure's (NVCR) Optune Pax wearable device has received CE Mark approval in the European Union to treat adult patients with locally advanced pancreatic cancer, in combination with gemcitabine and nab-paclitaxel, the company said Tuesday.The approval was supported by data from a phase 3 trial showing "statistically significant" improvement in overall survival and "significantly extended" time to pain progression, the company said.Optune Pax delivers Tumor Treating Fields, alternating electric fields designed to disrupt cancer cell division without significantly affecting healthy cells, NovoCure said.Shares of NovoCure were 2.6% lower in early Tuesday trading.Price: $15.08, Change: $-0.40, Percent Change: -2.58%

$NVCR

Research35d ago

BofA Securities Downgrades Scorpio Tankers to Underperform From Buy, Price Target is $78

Scorpio Tankers (STNG) has an average rating of buy and mean price target of $98.67, 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: $68.87, Change: $-1.27, Percent Change: -1.80%

$STNG

UBS Adjusts Price Target on Franco-Nevada to $280 From $310, Maintains Buy Rating

Franco-Nevada (FNV) has an average rating of overweight and mean price target of $298.19, 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: $204.42, Change: $-2.84, Percent Change: -1.37%

$FNV

International35d ago

June Chicago PMI 56.7 Vs. Expected 55.1 Print, Prior 62.7

Lightspeed Commerce Expands Partnership With Klaviyo

Lightspeed Commerce (LSPD.TO, LSPD) launched an expanded partnership with Klaviyo, the autonomous B2C CRM, it said in a statement on Tuesday.The company said that connecting Klaviyo to Lightspeed Retail enables merchants to automate personalized customer communications without manual data work or fragmented tools. The integration brings real-time, automated email, SMS, and omnichannel marketing capabilities directly into Lightspeed Retail, it added.The launch also allows for automatic syncing of customer profiles, order history, catalog items, and coupons.Shares of the company were last seen up 0.3% at C$14.61 on the Toronto Stock Exchange.

$LSPD.TO

Rocket Doctor Seals First Value-Based Primary Care Agreement in the US

Rocket Doctor (AIDR.CN) has sealed its first value-based primary care provider agreement and a specialty services agreement with a California independent physician association (IPA).The initial one-year agreement, with automatic annual renewals, will support 30,000 covered members through the IPA network and increase Rocket Doctor's total coverage across California to 8.2 million covered lives, a statement said.Primary care physicians will be assigned "panels" of patients under a recurring per-member-per-month care model. Doctors will provide primary and preventative care services, and coordinate specialist referrals with the aim of improving long term patient outcomes. Expanding its primary care provider models is an important part of its U.S. growth strategy, Rocket Doctor said.The speciality services agreement will see Rocket Doctor provide in-network coverage to over 5 million patients across nine payers and 65 health insurance products.Price: $0.61, Change: $+0.01, Percent Change: +1.67%

$AIDR.CN

PetMed Express Receives Unsolicited Acquisition Proposal From SilverCape Investments

PetMed Express (PETS) said Tuesday it received an unsolicited, non-binding and conditional proposal from SilverCape Investments to acquire the company for $3 per share in cash.The company said the proposal follows SilverCape's previous unsolicited proposal of $4.00 per share in December 2025.PetMed Express said its board will review the proposal and is prepared to engage with SilverCape if it signs a customary nondisclosure agreement with a standstill provision.The board has not made a decision, and there is no assurance a transaction will occur, the company added.Shares of PetMed Express were up 3% in early Tuesday trading.Price: $1.88, Change: $+0.05, Percent Change: +3.02%

$PETS

Commodities35d ago

Fuel Shortages Spread Across Russia, Prompt Restrictions, Potential Imports, Media Reports Suggest

Ukrainian drone strikes on Russian oil refineries had led to the imposition of restrictions on fuel sales in more than half of Russia's administrative regions by last week, according to Radio Free Europe, with further attacks on facilities taking place still.Russian publication Meduza, operating in exile, published a list on Monday showing that 12 out of 14 major Russian oil refineries have now been struck by Ukraine, noting that the largest, located in Omsk, thousands of miles from Ukraine, is untouched.Russia is now in talks with other nations to secure imports of gasoline, the Moscow Times reported, citing presidential spokesperson Dmitry Peskov talking to reporters on Tuesday.Russian financial newspaper Kommersant on Tuesday also reported that the government is considering lowering fuel quality standards until next year to boost gasoline and diesel supply.Online images of queues at filling stations and cars abandoned in the road after running out of fuel underscore Ukraine's objective of bringing home to ordinary Russians the impact of the government's war on its neighbor as well as depriving the state of funds and its military of fuel, to slow its advance.In terms of lost refining capacity, media reports offer estimates ranging from a quarter to one half of the total though details on how much damage has been inflicted and the repair timelines are scant.Ukraine's latest strikes include a 100,000 barrel-per-day refinery in Slavyansk, Krasnodar, in the southwestern Caucasus region, while in Yaroslavl, northeast of Moscow, smoke was observed rising from the city's refinery, with damage being assessed, according to media reports.Ukrainian news website RBC said that the attack on the Slovyansk refinery, a few hundred kilometers from the front line in the Russia-Ukraine war, hit both crude oil and fuel storage as well as the facility's main oil processing unit.These attacks come on top of repeated strikes on Gazprom's Kapotnya refinery, which media reports say supplies about one-third of the fuel to Russian capital Moscow, home to almost 10% of the country's population.Reuters, citing unnamed sources, reported that it will take at least six months to carry out the necessary repairs to that facility, keeping it offline for the remainder of 2026.The most acute shortages are now in Russia-annexed Crimea after fuel sales to civilians were banned to preserve limited available supplies for essential services.The Associated Press, in an article republished by Fortune, reported on Sunday that civilian fuel sales have been restricted in the Irkutsk region of Siberia, citing its governor Igor Kobzev.Russia's gasoline output dropped in mid-June to about 90,000 metric tons or 765,000 barrels per day, a 25% decline when compared with daily average production levels in June last year, a Reuters report said.The country has already banned exports of jet fuel and gasoline and has been considering halting sales of diesel to other countries.There have been regional knock-on effects, including a reduction in output from southern neighbor Kazakhstan's Karachaganak oil and gas field by about one quarter, after Russia's Orenburg gas processing plant in the area was struck by Ukraine.has been unable to reach the country's energy ministry for comment, while the Kremlin's press office did not immediately reply to a request for comment.

Oil & Energy35d ago

EMEA Oil Update: Crude Headed for Monthly Dip of Over 20%

Crude futures were headed for a monthly decline of more than 20% on Tuesday as concerns around a supply glut emerged after the Strait of Hormuz reopened for shipping.Brent futures held steady at $73.20 per barrel while Murban futures gained 1.2% to $70/bbl."Oil prices traded within a relatively tight range near recent lows while remaining on track for their biggest quarterly decline since the pandemic," Saxo Bank analysts noted.Both contracts lost more than 20% on a month-over-month basis up to the time of publication of this article on June 30, and on a quarterly basis the Brent futures contract has lost nearly 38%.The underlying catalyst for the steep fall is a notable pick-up of commercial shipping flows through the Strait of Hormuz."Flows through the Strait of Hormuz continue to accelerate, prompting warnings from Morgan Stanley that the release of previously stranded barrels could create a near-term supply glut and put additional downward pressure on prices," Saxo Bank analysts noted.On the diplomatic front, US Secretary of State Marco Rubio issued a stern warning that Washington considers any maritime tolls or transit fees imposed on ships passing through the waterway to be completely unacceptable.In response, a senior Iranian official reportedly reaffirmed Tehran's resolve to retain regulatory control over the Strait, keeping risk premiums sticky despite the broad downward price trend.Meanwhile, conflicting narratives emerged regarding diplomatic engagement in Doha, Qatar.US President Donald Trump stated in a social media post that both sides were poised to hold fresh talks on Tuesday following a volatile weekend of hostilities, describing the Doha gathering to reporters at the White House as potentially important.However, Iran's Deputy Foreign Minister for Legal and International Affairs, Kazem Gharibabadi, refuted this, stating that no technical working group meetings or direct talks with US officials are scheduled for this week.

Cencora Pick of the Week at Smart Insider Following Chairman's Share Purchase

Cencora (COR) was Smart Insider's stock pick of the week after Chair Mark Durcan bought $1 million in company shares on May 28.Durcan, who has served as chair since October 2025 and has been a director since 2015, acquired 4,000 shares at $266 apiece, Smart Insider said in a Tuesday note.The purchase followed a decline in the stock after the company's Q2 earnings report, according to Smart Insider.Cencora also announced plans to resume share repurchases, authorizing up to $2 billion after pausing the program in January, according to the note.The transaction was Durcan's fourth purchase during his time on the board, with previous acquisitions ranging from about $100,000 to $200,000.Smart Insider described the purchase as "unusually large" for Durcan, adding that he did not buy shares while serving on the boards of other companies, including ASML (ASML) and Advanced Micro Devices (AMD), or during his tenure as chief executive of Micron Technology (MU).Smart Insider ranked Cencora +1, indicating a strong positive signal.Price: $280.57, Change: $-1.06, Percent Change: -0.38%

$AMD$ASML$COR$MU

Oil Edges Higher Even as Ships Continue to Move Through Strait of Hormuz

Oil edged higher early on Tuesday, extending gains for a second straight session even as shipping through the Strait of Hormuz continues to free up previously trapped barrels.West Texas Intermediate crude for August delivery was last up 0.6% at $71.17 a barrel, while August Brent crude rose 0.3% to $73.31 a barrel.The gains came as the United States and Iran held talks in Qatar aimed at reaching a peace agreement to end the four-month conflict that has disrupted shipping through the Strait of Hormuz, the chokepoint for about one-fifth of the world's seaborne oil trade.Tankers stranded in the Persian Gulf have resumed transiting the Strait after a pause following renewed US and Iranian strikes over the weekend. The New York Times reported that 40 ships exited the Gulf on Monday, citing data from tracking firm Kpler, up from 24 on Sunday.The resumption of shipping through the Strait has pushed down prices by 23% over the past month and by 30% since the end of the first quarter, the largest drop since 2020."Oil prices traded within a relatively tight range near recent lows while remaining on track for their biggest quarterly decline since the pandemic. Flows through the Strait of Hormuz continue to accelerate, prompting warnings from Morgan Stanley that the release of previously stranded barrels could create a near-term supply glut and put additional downward pressure on prices," Saxo Bank wrote.

$CLQ6$LCOQ6$USO

Oil & Energy35d ago

Market Chatter: Adnoc Proposes New Oil Pricing Methodology for 3 Crude Grades

The UAE's Abu Dhabi National Oil is proposing to price Upper Zakum, Das, and Umm Lulu crude grades at a differential to the Dubai benchmark, instead of Murban futures, to align with regional trading practices, Bloomberg reported on Tuesday, citing people with direct knowledge of the matter.The proposed pricing methodology will reportedly allow easier comparison versus other Middle Eastern grades, such as Oman and Al Shaheen, which are typically traded against Dubai. Pricing formulation for Murban, Abu Dhabi's flagship crude, will remain unchanged, the report said.The company's marketing team has already discussed the changes with traders and refiners, sources told the news agency, although a timeline for implementation has yet to be identified.Adnoc 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.)

$BP$E$EQNR$SHEL$UNG$USO$XLE

Sector Update: Energy Stocks Advance Premarket Tuesday

Energy stocks were advancing premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.1% higher.The United States Oil Fund (USO) was up 0.6% and the United States Natural Gas Fund (UNG) was 2.4% higher.Front-month US West Texas Intermediate crude oil was 0.9% higher at $71.36 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.4% to $73.42 per barrel, and natural gas futures were up 3.2% at $3.28 per 1 million British Thermal Units.Shell (SHEL) is close to a deal to sell over 600 retail fuel outlets in South Africa to Abu Dhabi National Oil's retail arm for a deal valued at around $1 billion, Bloomberg reported, citing people familiar with the matter. Shell stock was 0.1% higher pre-bell.BP (BP) and Eni's (E) joint venture, Azule Energy, has awarded Vallourec a contract for the Greater PAJ offshore development project in Angola, Vallourec said. BP shares were 0.3% higher and Eni stock was up 0.4% premarket.Equinor (EQNR) and Var Energi have agreed to exchange natural gas assets on the Norwegian continental shelf, Equinor said. Shares of Equinor were up more than 1% premarket.

NurExone Biologic Raises Cash Via Non-Brokered Private Placement

NurExone Biologic (NRX.V) raised approximately C$627,795.26 through a non-brokered private placement of around 1 million units priced at C$0.62 each, it said Tuesday.Each unit is made up of a share and a warrant entitling the holder to buy a share at a price of C$0.78 for a period of three years from the closing date, subject to acceleration, said the company.Proceeds are planned to be used for general working capital purposes and closing of the offering is subject to regulatory approvals, added NurExone.

$NRX.V

$BMO$FAS$FAZ$HSBC$LYG$XLF

Sector Update: Financial Stocks Lean Lower Pre-Bell Tuesday

Financial stocks were leaning lower pre-bell Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% higher.Lloyds Banking Group (LYG) is planning to increase its focus on workplace pensions to boost its wealth segment as part of its five-year strategy through 2030, Bloomberg reported, citing internal company documents and a source familiar with the matter. Shares of Lloyds Banking Group were up more than 1% premarket.BMO Financial (BMO) has agreed to acquire the Australia-based capital markets business of Euroz Hartleys, the company said. Shares of BMO were 0.9% higher pre-bell.HSBC Holdings (HSBC) is in discussions to sell its Turkish unit to Emirates NBD, Bloomberg News reported, citing people familiar with the matter. HSBC Holdings stock was up 0.3% premarket.

$ARQT$EVO$IBB$PCRX$XLV$ZBH

Sector Update: Healthcare Stocks Edge Higher Premarket Tuesday

Healthcare stocks were edging higher premarket Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) 0.2% higher and the iShares Biotechnology ETF (IBB) up 0.4%.Pacira Biosciences (PCRX) has agreed to sell its Iovera cold-therapy pain relief system to Zimmer Biomet (ZBH) for up to $140 million. Pacira BioSciences shares were up more than 3% and Zimmer Biomet stock declined by more than 1% pre-bell.Arcutis Biotherapeutics (ARQT) shares were up more than 1% after the company said the US Food and Drug Administration cleared an expanded use of its Zoryve cream to treat plaque psoriasis in children as young as 2 years old.Evotec (EVO) has expanded its Just-Evotec Biologics services with J.TRAIN, a new offering that lets biopharmaceutical companies use Evotec's manufacturing technology within their own facilities on a turnkey basis, the company said. Evotec shares were up more than 1% pre-bell.