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Stifel Downgrades Apogee Therapeutics to Hold From Buy, Adjusts Price Target to $135 From $133

Apogee Therapeutics (APGE) has an average rating of overweight and mean price target of $132.64, 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: $132.93, Change: $+0.05, Percent Change: +0.04%

$APGE

Mining & Metals39d ago

AtkinsRealis Submits Notice of Intent to U.S. Nuclear Regulatory Commission for CANDU Reactor Licensing

AtkinsRealis (ATRL.TO) submitted a notice of intent to the U.S. Nuclear Regulatory Commission (NRC) to begin the licensing process for its CANDU reactor technology in the U.S., it said on Wednesday."This Notice of Intent marks a critical milestone in the development of CANDU's international market," said AtkinsRealis CEO Ian Edwards. "It's also the first step in a process that supports our ambition to provide the U.S. with the reliable, affordable and safe large-scale nuclear power that is central to providing energy security and creating investment, jobs and economic opportunity in the country."Shares of the company were last seen up about 1% at C$91.26 on the Toronto Stock Exchange.Price: $91.26, Change: $+0.86, Percent Change: +0.95%

$ATRL.TO

Commodities39d ago

Weekly US Crude Inventories Drop by 6.1 Million Barrels, EIA Says

US commercial crude oil inventories decreased by 6.1 million barrels to 412.1 mmbbls in the week ended June 19, the Energy Information Administration said in its weekly report on Wednesday.Crude inventories are now about 7% below the five-year average for this time of year, the EIA said.The decline exceeds Macquarie's forecast of a 1.9-mmbbl draw for the week ending June 19.

Mining & Metals39d ago

Dynacor Group Declares July Dividend of C$0.01333

Dynacor Group (DNG.TO) declared a monthly dividend of C$0.01333 per common share for July 2026, unchanged from the prior month, it said on Wednesday.This dividend is payable on July 17, to shareholders of record as of the close of business on July 9.Shares of the company were last seen down 3.8% at C$6.01 on the Toronto Stock Exchange.Price: $6.02, Change: $-0.23, Percent Change: -3.68%

$DNG.TO

Commodities39d ago

Update: US Weekly Ethanol Production Drops, EIA Says

(Updates with additional details.)US weekly ethanol production dropped slightly, according to the US Energy Information Administration report on Wednesday.For the week ending June 19, US ethanol production averaged 1.09 million barrels per day, slightly below last week's 1.10 mmb/d and above last year's 1.08 mmb/d.The four-week average output at 1.10 mmb/d was unchanged from last year.Midwest ethanol production averaged 1.04 mmb/d, equal to the previous week. Four-week average output at 1.04 mmb/d, compared with 1.05 mmb/d a year ago.Domestic ethanol inventories ended the week at 24.6 million barrels, slightly above 24.5 mmbbls from a week ago and above 24.4 mmbbls a year ago.

Treasury39d ago

Housing Affordability Strain Reinforces Case for Bank of Canada Rate Cuts, Rosenberg Research Says

Demand from prospective first-time home buyers remains very weak, with affordability constraints and barriers to down payments keeping many out of the market, said Rosenberg Research on Wednesday.More than half of non-homeowners in Canada have no plans to buy in the next 12 months, noted Rosenberg Research, citing a poll reported by the National Post.Housing affordability is about 20% weaker than its long-term average, most notably for younger buyers, implying further downward pressure on prices unless policy becomes more supportive, said Rosenberg Research in a note. This raises the likelihood of BoC easing if housing softness weighs on financial conditions."The thing is -- if home prices continue to deflate, the pressure will be on the central bank to kickstart its easing campaign," said Rosenberg.Mortgage rates have failed to ease in line with BoC policy, with the five-year average still around 5.13% and supported by higher global bond yields, especially U.S. Treasuries, according to Rosenberg.With Canadian households still heavily indebted and financial stress indicators edging higher, the balance of risks suggests Canada's central bank is more likely to cut rates than raise them next, added Rosenberg.

$CXY

Mining & Metals39d ago

Hudbay Minerals Closes Acquisition of Arizona Sonoran

Hudbay Minerals (HBM.TO) has closed its previously announced acquisition of Arizona Sonoran Copper, Hudbay said Wednesday.Under the terms, former Arizona Sonoran shareholders other than Hudbay received 0.242 of a Hudbay common share for each Arizona Sonoran common share.The transaction allows Hudbay to strengthen its U.S. footprint by advancing the Cactus project alongside the Copper World development, both located in Arizona.Hudbay expects to benefit from operational synergies between the two projects, which would form the third-largest copper district in North America while potentially becoming the second-largest district of copper cathode production in the U.S.Upon deal close, Arizona Sonoran shares will be delisted from the Toronto Stock Exchange. Hudbay will also apply to cease Arizona Sonoran's status as a reporting issuer under Canadian securities laws.Price: $33.50, Change: $-2.54, Percent Change: -7.05%

$HBM.TO

Commodities39d ago

US Weekly Ethanol Production Drops, EIA Says

US weekly ethanol production dropped slightly, according to the US Energy Information Administration report on Wednesday.For the week ending June 19, US ethanol production averaged 1.09 million barrels per day, slightly below last week's 1.10 mmb/d and above last year's 1.08 mmb/d.The four-week average output at 1.10 mmb/d was unchanged from last year.

Sectors39d ago

Natural Gas Rises as Forecasts See Hot Weather on the Way

Natural gas futures rose early on Wednesday as long-term forecast see hot weather coming for eastern states, boosting cooling demand.Gas for July delivery was last seen up US$0.02 to US$3.17 per million British thermal units.The rise comes as long-term forecasts from the National Weather Service expect all states east of the Rocky Mountains to see hotter than seasonal temperatures over its six to 14 day outlook, with the hottest weather expected to be in big Midwest markets.The heat will offer a boost to electricity demand for air-conditioning. Still, stocks remain robust, with the Energy Information Administration last week reporting inventories of the fuel stood at 2.76-trillion cubic feet, 5.8% above the five-year average.

$NGN6$UNG

Insider Trading39d ago

Silicon Motion Technology Insider Sold Shares Worth $930,320, According to a Recent SEC Filing

Kuan-Ming Lin, Director, on June 17, 2026, sold 3,000 shares in Silicon Motion Technology (SIMO) for $930,320. Following the Form 4 filing with the SEC, Lin has control over a total of 7,500 American depositary shares of the company, with 7,500 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1329394/000089843226000432/xslF345X05/form4.xmlPrice: $311.90, Change: $-7.10, Percent Change: -2.23%

$SIMO

Insider Trading39d ago

Hovnanian Enterprises Insider Sold Shares Worth $1,620,107, According to a Recent SEC Filing

Ara K Hovnanian, 10% Owner, Director, Chairman of the Board & CEO, on June 22, 2026, sold 12,880 shares in Hovnanian Enterprises (HOV) for $1,620,107. Following the Form 4 filing with the SEC, Hovnanian has control over a total of 191,144 Class A common shares of the company, with 191,144 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/357294/000122520826006151/xslF345X05/doc4.xmlPrice: $141.80, Change: $+14.31, Percent Change: +11.22%

$HOV

Sectors39d ago

US Total Weekly EIA Crude Oil Stocks Fall by 15.1 Million Barrels After Prior 17.2 Million Decrease

International39d ago

May US New-Home Sales Falls More Than Expected, Down Year-Over-Year

US new-home sales decelerated to a 580,000 annual rate in May from an upwardly revised 626,000 rate in April, well below the 640,000 rate expected in a survey compiled by Bloomberg.Home sales were down 6.8% from May 2025.The supply of homes available for sale rose by 2.3% to 496,000 in May but declined by 1.4% from a year ago.The median sales price rose to $424,900 from $416,500 in April, above the $424,800 level a year ago.The monthly new-home sales report from the US Commerce Department measures sales of new single-family homes at the time of the contract signing.The report includes the number of new homes available for sale and the median sales price. A strong reading is a positive sign for mortgage lenders, home builders and related consumer product companies.

Wire39d ago

Fort Technology Signs Non-Binding Letter of Intent for Proposed Logia USA Partnership

Fort Technology (FRTT) said Wednesday it signed a non-binding letter of intent for a proposed strategic partnership and investment with fuel maintenance systems provider Logia USA.The proposed transaction involves acquiring a 50.1% stake in Logia USA and offering a credit line of up to $2 million to fund expansion in the data center sector, the company said.The proposed partnership aims to evaluate supplying automated fuel maintenance systems for standby generators used by data centers, Fort Technology said.Shares of the company were up 61% in Wednesday trading.Price: $2.72, Change: $+0.95, Percent Change: +53.67%

$FRTT

Mining & Metals39d ago

Financial 15 Split Completes Overnight Offering of C$107.8 Million

Financial 15 Split (FTN.TO) completed the overnight offering of its preferred shares for C$107.8 million led by National Bank Financial, it said in a statement on Wednesday.Proceeds will be used to invest in an actively managed, high-quality portfolio primarily consisting of financial services companies made up of some Canadian and U.S. issuers, it said.Shares of the company closed down 0.1% to C$11.89 on Tuesday on the TSX.

$FTN.TO

Wire39d ago

Comscore Integrates Proximic Audience Segments With Amazon DSP

Comscore's (SCOR) Proximic contextual and predictive audience segments are now available natively in Amazon DSP, an advertising platform from Amazon.com (AMZN), allowing advertisers to target audiences across connected TV, web and mobile inventory, the company said Wednesday.The integration makes Proximic's audience segments available through Amazon DSP, enabling advertisers to activate contextual and predictive audiences across premium digital and streaming inventory, Comscore said.Shares of the company were nearly 5% higher in Wednesday premarket trading.

$AMZN$SCOR

US Markets39d ago

Cerebras' Robust First-Quarter Results, Potential Upside Catalysts to Drive High Expectations, Wedbush Says

Cerebras Systems (CBRS) reported better-than-expected first-quarter core revenue and margin, while there are various potential catalysts that could drive Wedbush Securities' expectations for the artificial intelligence chipmaker, it said in a Wednesday client note.The company late Tuesday posted core revenue of $191.3 million for the quarter ended March, representing a year over year jump of 92%, topping the FactSet-polled consensus of $181.2 million. Core margin came in at 46.5%, compared with Wedbush's forecast of 44%.Cerebras, which went public in May, anticipates core revenue of about $194 million for the ongoing three-month period and expects the metric to come in between $855 to $865 million for the 2026 full year. The Street is looking for sales of $182.5 million for the second quarter and $850.2 million for 2026.The firm's results and outlook validated Wedbush's confidence that senior management will "look to handle earnings and guidance in a predictable manner including setting achievable/beatable targets," it said in the note. High prices of the firm's cloud service also signifies the value of the demand for its products and offerings, according to the brokerage.The brokerage reiterated its outperform rating on Cerebras' stock and lifted its price target on the company to $280 from $270. The firm's shares fell 8.9% in the most recent premarket activity.In March, Cerebras agreed a multi-year partnership with Amazon's (AMZN) Amazon Web Services to deliver the fastest AI inference service in cloud platforms. Earlier in the year, the company announced a multi-year deal with OpenAI worth more than $20 billion to deploy 750 megawatts of its high-speed inference compute over the next several years."We continue to see numerous potential catalysts ahead that could/ should drive upside to our expectations, while Cerebras's OpenAI and Amazon deals significantly limit any probability Cerebras disappoints," Wedbush analyst Matt Bryson wrote in the note.Additionally, beyond the OpenAI and Amazon deals, the company's forthcoming products, incremental data center capacity and continued strong demand for AI all create potential upside to the brokerage's model.Wedbush continues to believe 2028 will be the "appropriate" year to evaluate Cerebras as its financials begin to normalize following the initial ramp to support Open AI.

$CBRS

Sectors39d ago

Gold Falls to a Seven-Month Low as the Dollar Climbs on Inflation Worries

Gold traded at a seven-month low early on Wednesday as the dollar continued to strengthen on expectations the Federal Reserve will raise interest rates this year to slow rising inflation.Gold for August delivery was last seen down US$116.50 to US$4,032.90 per ounce, the lowest since early November.The price of the precious metal has dropped 4.9% in the week since the Fed's policy committee ended its two-day meeting leaving interest rates unchanged but warned rates might rise this year as inflation continues climb on higher energy costs. The likelihood of higher rates is boosting the dollar and moving investors away from gold since it pays no interest.Falling oil prices since the U.S. and Iran are easing some inflation concerns, however weakening U.S. stock markets are also weighing on gold."Gold fell for a second session, pressured by a stronger dollar amid a technology-led equity selloff," Saxo Bank wrote in a note. "Limited support came from rising Treasury bonds as lower energy prices ease concerns about inflation and reduce the need for additional Fed tightening. Instead, gold's unusually strong positive correlation with the S&P 500 continues to weigh on prices, pushing the metal into the key USD 4,000-4,100 support zone."The dollar continued its rise early, with the ICE dollar index last seen up 0.36 points to 101.76, the highest in more than a year. Treasury yields eased, with the yield on the US two-year note last seen down 2.6 basis points to 4.172%, while the 10-year note was paying 4.437%, down 6.5 points.

$GCQ6$GLD

Sectors39d ago

Sector Update: Healthcare Stocks Rise Pre-Bell Wednesday

Healthcare stocks were edging higher premarket Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) 0.07% higher and the iShares Biotechnology ETF (IBB) flat.Absci (ABSI) stock was up more than 28% after the company priced its underwritten offering of 13.5 million shares at $7.41 each, expecting to raise $100 million in gross proceeds. The financing includes participation from Eli Lilly (LLY), Absci said.Natera (NTRA) shares were up more than 3% after the company said it has secured regulatory clearance from Japan's Pharmaceuticals and Medical Devices Agency for its Signatera molecular residual disease, or MRD, test for use in patients with colorectal cancer.ADC Therapeutics (ADCT) stock was down more than 2% after the company said it will reduce its global workforce by about 17% as it shifts resources toward the Zynlonta franchise and seeks operational efficiencies.

$ABSI$ADCT$IBB$NTRA$XLV

Sectors39d ago

Sector Update: Financial Stocks Edge Higher Pre-Bell Wednesday

Financial stocks were edging higher pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% lower.ProAssurance (PRA) shares were up more than 1% after the company said it has received all required regulatory approvals for its planned merger with The Doctors Company, clearing the final major hurdle for the transaction.BlackRock (BLK) and Fin Capital led Caplight Technologies' $16 million series A funding round, Caplight said. BlackRock stock was 0.1% lower premarket.JPMorgan Chase's (JPM) JPMorgan Public and Private Credit Fund, along with three other funds, won approvals to make monthly repurchase offers, the US Securities and Exchange Commission said. JPMorgan Chase shares were 0.1% higher pre-bell.

$BLK$FAS$FAZ$JPM$PRA$XLF

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US Markets39d ago

Cerebras' Robust First-Quarter Results, Potential Upside Catalysts to Drive High Expectations, Wedbush Says

$CBRS