After Hours Report

Stocks finished mostly higher as broad earnings-driven strength and another sharp decline in oil prices helped offset continued weakness across semiconductor stocks. The S&P 500 gained 0.2%, while the Nasdaq Composite slipped 0.2% and the DJIA climbed 1.0%.

The latest round of earnings reports drove buying across much of the market, with seven S&P 500 sectors finishing higher. The health care sector (+2.4%) led the advance behind a strong post-earnings gain in IQVIA (IQV 243.31, +30.09, +14.11%), while the consumer staples sector (+2.0%) also outperformed as Coca-Cola (KO 88.27, +4.20, +5.00%) traded higher following its quarterly results. Similarily, the materials sector remained among the session's leaders after Sherwin-Williams (SHW 354.27, +27.00, +8.25%) rallied on a better-than-expected earnings report.

Meanwhile, the communication services (+1.6%) drew support from Alphabet (GOOG 332.60, +6.03, +1.85%), which extended its rebound from last week's post-earnings selloff.

The broader market also remained stronger than the headline indices suggested, with the S&P 500 Equal Weight Index (+1.1%) outperforming its market-cap-weighted counterpart despite another difficult session for semiconductor stocks.

The information technology sector fell 1.2% as the PHLX Semiconductor Index tumbled 4.5%, extending its month-to-date decline to nearly 23%. Memory stocks remained under pressure ahead of SK hynix Inc.'s (SKHY 130.17, -12.85, -8.98%) earnings report Wednesday morning, with investors looking for additional insight into AI-driven HBM demand, memory pricing trends, and the broader outlook for the group.

Outside of semiconductors, however, weakness was relatively contained. The Vanguard Mega Cap Growth ETF slipped just 0.1% as Alphabet continued to recover from last week's post-earnings decline, while Apple (AAPL 340.08, +3.17, +0.94%) climbed to another record high and Microsoft (MSFT 393.35, +4.25, +1.09%)) also advanced ahead of their quarterly reports later this week.

Meanwhile, the energy sector (-1.4%) posted the market's largest decline as crude oil prices continued to retreat. Reuters reported that Oman presented Iran with a proposal for voluntary transit fees through the Strait of Hormuz that has the backing of Gulf states, while a separate Reuters report said China held direct discussions with the Houthis regarding safe passage through the Red Sea. Those developments helped send WTI crude futures down $3.33 (-4.0%) to settle at $79.32 per barrel.

Attention now turns to Wednesday's FOMC policy decision, with the CME FedWatch Tool currently implying a 31.5% probability of a rate hike. Investors will also be watching SK hynix's earnings before the open as it has been a focal point of recent volatility across the semiconductor space, followed by another busy slate of large-cap technology earnings later this week, for additional insight into AI demand and the broader corporate earnings outlook.

U.S. Treasuries climbed again on Tuesday, making for the third consecutive day of gains after most tenors set fresh 2026 lows late last week. The 2-year note yield settled down four basis points to 4.28%, and the 10-year note yield settled down four basis points to 4.60%. 

• Russell 2000: +19.0% YTD
• S&P Mid Cap 400: +14.9% YTD
• DJIA: +9.8% YTD
• S&P 500: +8.5% YTD
• Nasdaq Composite: +7.0% YTD

Reviewing today's data:

• June Adv. Intl. Trade in Goods -$101.5 bln; Prior was revised to -$105.9 bln from -$105.8 bln
• June Adv. Retail Inventories 0.0%; Prior was revised to 0.5% from 0.6%
• June Adv. Wholesale Inventories 0.3%; Prior 0.3%
• May FHFA Housing Price Index 0.3% (Briefing.com consensus 0.0%); Prior -0.1%
• May S&P Case-Shiller Home Price Index 1.6% (Briefing.com consensus 1.3%); Prior was revised to 1.2% from 1.1%
• July Consumer Confidence 90.8 (Briefing.com consensus 92.1); Prior was revised to 92.2 from 91.2
  • The key takeaway from the report is that consumers don't appear to be overly enthused about current business conditions or future business conditions.

 Overseas:

• Europe: DAX+0.5%, FTSE +0.8%, CAC +0.6%
• Asia: Nikkei -4.0%, Hang Seng +0.4%, Shanghai -1.2%

Commodities:

• Crude Oil -3.33 @ 79.32
• Nat Gas -0.09 @ 2.70
• Gold -38.50 @ 4037.90
• Silver -1.15 @ 57.55
• Copper -0.02 @ 6.36

After-Hours Spotlight:

• Acadia Healthcare (ACHC) beats by $0.03, beats on revs; provides Q2 (Jun) and FY26 guidance...ACHC -5.2%
• Bloom Energy (BE) beats by $0.37, beats on revs; provides FY26 guidance...BE +10.2%
• Cheesecake Factory (CAKE) beats by $0.26, beats on revs; provides FY26 guidance...CAKE +3.5%
• FirstEnergy (FE) reports EPS in-line; reaffirms FY26 EPS guidance...FE -1.2%
• Ford Motor (F) beats by $0.06, beats on revs; raises FY26 outlook for Adjusted EBIT to $10-11 bln...F +5.9%
• KLA Corporation (KLAC) beats by $0.05, beats on revs; guides Q1 EPS in-line, revs in-line...KLAC -8.7%
• Mondelez Int'l (MDLZ) beats by $0.05, beats on revs; increases quarterly dividend +4%...MDLZ +1.5%
• NXP Semi (NXPI) beats by $0.09, reports revs in-line; guides Q3 EPS in-line, revs in-line...NXPI -5.5%
• Qorvo (QRVO) beats by $0.53, beats on revs; provides FY27 guidance...QRVO -4.6%
• Seagate Tech (STX) beats by $0.61, beats on revs; guides Q1 EPS above consensus, revs above consensus...STX +4.7%
• Teradyne (TER) beats by $0.38, beats on revs; guides Q3 EPS above consensus, revs above consensus...TER +13.6%
• Visa (V) beats by $0.09, beats on revs...V -0.3%
• Waste Mgmt (WM) beats by $0.04, misses on revs; provides Q2 (Jun) and FY26 guidance...WM -2.1%

For a full rundown of today's market and after hours developments, see Live In Play

• Earnings/Guidance (Full Earnings Calendar):
  • Agilysys (AGYS) beats by $0.09, beats on revs; provides FY27 guidance
  • Alkermes Plc (ALKS) beats by $0.02, beats on revs; guides FY26 revs in-line; new CEO effective August 1
  • AllianceBernstein (AB) misses by $0.01, beats on revs
  • American Tower (AMT) beats by $0.01, beats on revs; provides FY26 guidance
  • Amkor (AMKR) beats by $0.22, beats on revs; provides Q3 (Sep) and FY26 guidance
  • Applied Digital (APLD) beats by $0.13, revenue up 406% yr/yr
  • Armstrong World Industries (AWI) beats by $0.11, beats on revs
  • Axalta Coating Systems (AXTA) beats by $0.07, beats on revs; provides Q3 (Sep) and FY26 guidance
  • Bank of N.T. Butterfield & Son (NTB) beats by $0.07, reports revs in-line
  • Barclays PLC (BCS) reports H1 results; raises 2026 income target
  • Boeing (BA) misses by $0.48, beats on revs; backlog grew to a record $715 bln; operations are more stable and key certification programs remain on plan
  • Brixmor Property (BRX) reports EPS in line, misses on revs; provides FY26 guidance
  • Brown & Brown (BRO) misses by $0.01, misses on revs
  • Cadence Design (CDNS) beats by $0.06, reports revs in-line; raises FY26 guidance
  • Carrier Global (CARR) beats by $0.04, beats on revs; raises FY26 EPS above consensus, revs above consensus
  • Celestica (CLS) beats by $0.24, beats on revs; provides Q2 (Jun) and FY26 guidance
  • Centene (CNC) beats by $1.43, beats on revs; guides FY26 EPS above consensus, revs above consensus
  • CenterPoint (CNP) beats by $0.03; reaffirms FY26 EPS guidance; Increases 10-year capital investment plan by $1.2 bln
  • Ceragon (CRNT) says India YTD orders rise to about $120 mln from about $86 mln disclosed in May
  • Cincinnati Fincl (CINF) misses by $0.41
  • CMS Energy (CMS) beats by $0.01, misses on revs; guides FY26 EPS in-line; introduces FY27 EPS mostly below consensus
  • Coca-Cola (KO) beats by $0.04, beats on revs; raises FY26 organic revenue growth and comparable EPS growth guidance
  • Community Financial System (CBU) misses by $0.02, reports revs in-line
  • Commvault Systems (CVLT) beats by $0.26, beats on revs; provides Q2 (Jun) and FY27 guidance
  • Corning (GLW) beats by $0.02, beats on revs; guides Q3 EPS in-line, revs in-line
  • Core Scientific (CORZ) reports Q2 (Jun) results, beats on revs
  • Curbline Properties (CURB) beats by $0.27, beats on revs
  • DTE Energy (DTE) beats by $0.21; reaffirms FY26 EPS guidance
  • Element Solutions (ESI) beats by $0.04, beats on revs; provides Q3 (Sep) and FY26 guidance
  • Elevra Lithium (ELVR) reports record production, advances NAL expansion
  • Expro Group (XPRO) misses by $0.02, beats on revs; guides Q3 revs above consensus; raises FY26 revs above consensus
  • F5 Networks (FFIV) beats by $0.73, beats on revs; guides Q4 EPS in-line, revs above consensus
  • GSK plc (GSK) misses by EUR 0.03, misses on revs
  • Happen (HAPN) reports Q2 results; guides Q3 EPS in-line; guides FY26 EPS above consensus
  • Herc Holdings (HRI) beats by $0.67, beats on revs; provides FY26 guidance
  • HF Sinclair (DINO) beats by $0.82, beats on revs; raises dividend 5%
  • Hilton (HLT) beats by $0.02, reports revs in-line; guides Q3 EPS below consensus; guides FY26 EPS in-line
  • Hubbell (HUBB) beats by $0.13, beats on revs; guides FY26 EPS above consensus
  • Incyte (INCY) beats by $0.89, beats on revs; raises FY26 revenue guidance
  • IQVIA (IQV) beats by $0.12, beats on revs; guides FY26 EPS in-line, revs in-line
  • JetBlue Airways (JBLU) beats by $0.03, beats on revs; provides Q2 (Jun) and FY26 guidance
  • Kforce (KFRC) beats by $0.03, beats on revs; provides Q3 (Sep) and FY26 guidance
  • Kilroy Realty (KRC) beats by $0.03, beats on revs
  • Mercedes-Benz Group (MBGYY) reports Q2 results; maintains 2026 outlook
  • MGM Resorts (MGM): BETMGM Q2 2026 business update
  • Navitas Semiconductor (NVTS) reports EPS in line, beats on revs; provides Q3 (Sep) and FY26 guidance
  • Noble Corporation (NE) misses by $0.14, beats on revs; provides Q4 (Dec) and FY26 guidance
  • Nucor (NUE) beats by $0.38, beats on revs; guides Q3 EPS in-line
  • Opko Health (OPK) beats by $0.07, beats on revs; provides Q3 (Sep) and FY26 guidance
  • Orange (ORANY) reports H1 results; raises FY26 outlook
  • Oshkosh (OSK) beats by $0.26, beats on revs; provides Q2 (Jun) and FY26 guidance
  • PayPal (PYPL) beats by $0.10, beats on revs; guides FY26 EPS above consensus
  • Pentair (PNR) beats by $0.02, misses on revs; guides Q3 EPS below consensus; reaffirms FY26 EPS guidance
  • PJT Partners (PJT) beats by $0.40, beats on revs
  • Polaris Industries (PII) beats by $1.22, beats on revs; raises FY26 EPS above consensus, revs above consensus
  • Principal Fincl (PFG) beats by $0.16; increases dividend
  • Repligen (RGEN) beats by $0.09, beats on revs; provides Q2 (Jun) and FY26 guidance
  • Royal Caribbean (RCL) beats by $0.23, reports revs in-line; guides Q3 EPS in-line; guides FY26 EPS above consensus, revs in-line
  • S&P Global (SPGI) beats by $0.02, reports revs in-line
  • Sanmina (SANM) beats by $0.54, beats on revs; guides Q4 EPS above consensus, revs in line; raises FY26 EPS above consensus, raises revs in line
  • Sherwin-Williams (SHW) beats by $0.18, beats on revs; guides Q3 revs above consensus; raises FY26 EPS and revenue guidance
  • Simpson Manufacturing (SSD) beats by $0.37, beats on revs; provides Q2 (Jun) and FY26 guidance; Board authorizes $50.0 mln buyback program
  • Sun Communities (SUI) beats by $0.08; guides Q3 FFO in-line; guides FY26 FFO above consensus
  • T1 Energy (TE) guides Q2 revenue well above consensus; Also announces that it has acquired foundational solar patents and other intellectual property rights from Evervolt Green Energy Holding for $135 mln
  • Textron (TXT) beats by $0.07, reports revs in-line; reaffirms FY26 EPS guidance
  • TransUnion (TRU) beats by $0.07, beats on revs; provides Q3 (Sep) and FY26 guidance
  • UDR (UDR) beats by $0.01, reports revs in-line; guides Q3 FFO in-line; guides FY26 FFO in-line
  • Unilever PLC (UL) reports H1 results; upgrades outlook
  • Universal Health (UHS) beats by $0.04, beats on revs; guides FY26 EPS in-line, revs in-line
  • UPS (UPS) beats by $0.10, beats on revs; guides FY26 EPS above consensus, revs above consensus
  • Welltower (WELL) beats by $0.04, beats on revs; guides FY26 FFO above consensus
• General News
  • Iran and Oman discussing an agreement to reopen the Strait of Hormuz, hoping an arrangement would restart peace talks between the U.S. and Iran. WSJ
  • U.S. officials believe sanctions could hurt Iran worse than a bombing campaign. Axios
  • President Trump will meet with Israeli Prime Minister Benjamin Netanyahu and Ukrainian President Volodymyr Zelenskyy today. NBC News
  • Semiconductor selloff continues on Chinese competition concerns. Bloomberg
  • The Senate will hold a procedural vote today on legislation that will give President Trump the authority to impose up to 100% tariffs on buyers of Russian energy. Reuters
  • Senator John Fetterman (D-PA) is becoming increasingly frustrated with the Democratic Party as Republicans invite him to switch parties. NBC News
  • The Trump administration is getting close to approving a new AI framework, according to The Information
  • President Trump wants HHS to cut back on childhood vaccines. WSJ
  • Judge blocks Minnesota's ban on prediction markets. NBC News
  • Shein discloses FTC investigation ahead of Hong Kong IPO, according to CNBC
  • Ukraine President Volodymyr Zelenskyy says he discussed licenses for Patriot interceptor production with President Trump
  • The Trump administration aiming to ban new Chinese robots and inverters, according to Reuters
  • Oman presented Iran with plan for voluntary fees in the Strait of Hormuz, that has support of Gulf states, according to Reuters
  • China had direct discussions with the Houthis to allow ships to transit through the Red Sea, according to Reuters
  • FAA announces major move to streamline commercial space licensing
  • 3D Systems (DDD) says Walter Reed implant wins FDA clearance in point-of-care first
  • ABM (ABM) launches autonomous robotics pilot at LaGuardia Terminal B
  • Accenture (ACN) helps Radisson launch hotel discovery app in ChatGPT
  • ACI Worldwide (ACIW), dLocal partner to add Brazil and Mexico local payment methods
  • Altimmune (ALT) says Phase 2 RECLAIM met primary, key secondary endpoints for pemvidutide in alcohol use disorder
  • Amazon (AMZN): Recursive signs $410 million, multi-year collaboration with AWS to scale self-improving AI
  • Amazon (AMZN) ticking modestly higher as company and Ryanair extend their collaboration for another five years, according to Amazon News Blog
  • Amazon (AMZN) aiming to wind down some flagship in-house AI models, according to Business Insider
  • Apple (AAPL) equips new Smart Home device with Siri AI as they plan upcoming launch, according to Bloomberg
  • Apple (AAPL) incoming CEO John Ternus wants to build on success in films and TV shows. Reuters
  • AST SpaceMobile (ASTS) announces that the launch of BlueBird 11, 12, and 13 satellites is currently scheduled for Wednesday, August 5, 2026, from Cape Canaveral Space Force Station, Florida, aboard a Falcon 9 rocket
  • Atea (AVIR) says Phase 3 C-BEYOND met primary, secondary endpoints for bemnifosbuvir/ruzasvir in HCV
  • Aurora (AUR) signs Charger Logistics for second-generation driverless truck hauls
  • Autohome (ATHM) authorizes new $400 mln ADS repurchase program
  • Baidu (BIDU) Apollo Go starts London road testing with Freenow by Lyft
  • Bank of Hope (HOPE) launches BTS-themed marketing campaign tied to New York sponsorship
  • Boeing (BA): FAA proposes to adopt a new airworthiness directive for certain Boeing Model 737-8, 737-9, and 737-8200 airplanes
  • Boston Scientific (BSX) Board of Directors approve new global restructuring plan
  • Braskem (BAK), Lallemand launch bio-acetone platform for U.S. ethanol plants
  • CG Oncology (CGON) publishes pivotal Phase 3 BOND-003 Cohort C data in The Lancet Oncology
  • Cintas (CTAS) increases quarterly cash dividend to $0.52/share from $0.45/share
  • Citi (C) launches trade digitization tool Citi Consolidate powered by Infor Nexus
  • Claritev (CTEV), SAVVI launch benefits decision support tool using claims and financial data
  • Clearfield (CLFD) expands fiber portfolio with sensing cables for infrastructure monitoring
  • Cognizant (CTSH) launches EMEA AI Unit focused on scaling agentic AI deployments
  • Conagra Brands (CAG) streamlines leadership structure as COO Tom McGough retires in September
  • Core Scientific (CORZ), AMD partner on AI infrastructure with 500 MW starting in 2027
  • Corpay (CPAY) launches Agent Card for AI-driven virtual card payments
  • Cricut (CRCT) launches AutoPress 2 heat press at $349, below original model's $999 starting price
  • Cullinan (CGEM) advances CLN-049 to potentially registrational Phase 2 in relapsed/refractory AML after FDA meeting
  • Denali Therapeutics (DNLI) received gross proceeds of $195.0 mln pursuant to the PRV Transfer Agreement
  • Diana Shipping (DSX) presses Genco board to engage on $27.34/share proposal, warns softening vessel values could force reassessment 
  • DXC (DXC) partners with ElevenLabs, joins recent $500 mln Series D round
  • Dyne Therapeutics (DYN) announces U.S. FDA Clearance of Investigational New Drug (IND) Application for DYNE-302 in Facioscapulohumeral Muscular Dystrophy
  • eBay (EBAY) reaches agreement with Ina and David Steiner pertaining to 2019 misconduct by former eBay employees
  • EchoStar's (SATS) Hughes Network Systems mulling Chapter 11 bankruptcy. WSJ
  • Ecopetrol (EC) provides cybersecurity incident updates
  • Emerson (EMR) announces new NI Nigel AI enhancements
  • Estee Lauder (EL) to launch Glimmer fragrance in August with Hailee Steinfeld campaign
  • Everforth (EFOR) wins $115 mln U.S. Army AI research contract for Nautilus program
  • EVI Industries (EVI) authorizes new $10 mln share repurchase program
  • Fortinet (FTNT) adds FortiGate 1200G, FortiSASE Outpost for hybrid firewall/SASE deployments
  • Galaxy Digital (GLXY) announces it has acquired 500 acres in McGregor, Texas to develop an AI data center
  • General Dynamics (GD) to build cutting-edge submarines for the US military, according to Bloomberg
  • Google (GOOG, GOOGL) rivals want damages after fine. Reuters
  • GSK plc's (GSK) licensor Hansoh Pharma announces positive results from a second phase III trial for Ris-Rez in China
  • HF Sinclair (DINO) to separate Lubricants & Specialties into public company; retire Mississauga base oil refining assets
  • HII (HII) expands distributed shipbuilding model to amphibious transport dock program
  • Hormel Foods (HRL) names John Ghingo CEO, effective Oct. 26
  • H World Group (HTHT) announces that the board of directors of the Company appointed Mr. Yanjun Sun as an independent director of the Board, effective from July 28, 2026
  • I-80 Gold Corp (IAUX) provides update on lone tree plant refurbishment; project remains on schedule and on budget
  • ICON (ICLR) enters multi-year AI collaboration with Anthropic for clinical trials
  • INNIO (INIO) wins 1.1 GW gas engine order for U.S. data center campus projects
  • Interactive Brokers (IBKR) opens AI account connectivity to any MCP-compatible tool
  • Intercontinental Hotels Group (IHG) announces beta launch of AI-powered conversational search on IHG.com and the IHG One Rewards mobile app
  • Iridium (IRDM), ORBCOMM partner on industrial IoT offering for heavy equipment OEMs
  • Johnson Controls (JCI) launches absorption chiller design guide for AI data centers
  • Johnson & Johnson (JNJ) reaches proposed ovarian talc litigation resolution with $5.5 bln commitment
  • Kazia Therapeutics (KZIA) announces the filing of a provisional patent application supporting a novel therapeutic strategy designed to prevent metastatic recurrence in patients with high-risk early-stage triple-negative breast cancer
  • Lantronix (LTRX) partners with DoD Solution on Edge AI drone platform deployment in Ukraine
  • Leidos (LDOS) wins U.S. Air Force ISR support task order worth up to $717 mln
  • Leonardo DRS (DRS) to acquire Raft for $450 mln in cash
  • Lockheed Martin (LMT): Ukraine President Volodymyr Zelenskyy says he met with Lockheed Martin (LMT); says "discussed further development of our cooperation – joint production and technology exchange."
  • Merck (MRK): Glenmark Pharmaceuticals announces the launch of Sugammadex Injection, 200 mg/2 mL and 500 mg/5 mL Single-Dose Vials
  • Meta (META), BlackRock form venture for El Paso data center campus
  • Meta (META) facing thousands of teen safety lawsuits. WSJ
  • Meta Platforms (META) introduces new WhatsApp features
  • Newsmax (NMAX) entered into an AI content partnership with Meta Platforms (META)
  • Northern Trust (NTRS) launches U.S. ETF servicing platform; wins Harding Loevner mandate
  • Nvidia (NVDA) secured leases for $50 bln Texas data center. FT
  • NVIDIA (NVDA): A Nvidia employee was detained in Taiwan for alleged smuggling of chips. Bloomberg
  • NVIDIA (NVDA): Moonshot wants more NVDA Blackwell chips for its next model, according to The Information
  • NVIDIA (NVDA) CEO Jensen Huang met with Commerce Secretary Howard Lutnick today, according to Axios
  • Organogenesis (ORGO) publishes randomized trial data showing Affinity benefit in complex venous leg ulcers
  • PayPal (PYPL) & Amazon (AMZN) Launch Buy Now, Pay Later for customers in Germany and Austria
  • Perspective Therapeutics (CATX) announces that the European Commission has granted orphan medicinal product designation for [²¹²Pb]VMT-a-NET for the treatment of gastroenteropancreatic neuroendocrine tumors
  • Power Solutions (PSIX) names ex-BorgWarner executive Richard Hu CEO
  • ProMIS Neurosciences (PMN) announces "positive" blinded six-month interim safety and biomarker results from PRECISE-AD, the Phase 1b trial of its lead drug candidate, PMN310, in patients with mild cognitive impairment due to Alzheimer’s disease or mild Alzheimer’s disease
  • Qnity Electronics (Q) announces the launch of two new thermal interface materials: Laird Tflex CR910, a two-part dispensable liquid gap filler, and Tgrease 3000 thermal grease, both designed to help customers address increasingly complex thermal management challenges across AI, automotive and other high-power electronic applications
  • Rapid7 (RPD) launches Cyber GRC as generally available addition to Command Platform
  • Rogers Comms (RCI) announces 12-year agreement Prime Video (AMZN) in Canada for exclusive NHL broadcast, beginning with the 2026-2027 season
  • Sally Beauty (SBH) relaunches COLORfest with fall campus tour, new product rollout
  • Seer (SEER) receives improved buyout proposal from Radoff-JEC Group at $2.55/share cash plus CVR
  • SELLAS Life Sciences (SLS) provides update on arbitration against 3D Medicines
  • Sempra (SRE) says ECA LNG Phase 1 commissioning will be extended after compressor damage found
  • Slide Insurance (SLDE) initiates quarterly dividend at $0.07/share
  • Snowflake (SNOW) launches Cortex AI Gateway 2 and AI security tools for agent interoperability
  • SoFi (SOFI) launches multi-year Notre Dame Athletics partnership with $1.4 mln annual student-athlete fund
  • Southern's Georgia Power (SO) completes 49.5 MW Moody battery storage site paired with solar
  • Starfighters Space (FJET) advances "Wind Tunnel in the Sky" Mach 2+ flight-testing platform
  • Talos Energy (TALO) to farm into Repsol's offshore Mexico Block 29 with 50% working interest
  • Telesat (TSAT) prepared to execute FCC Upper C-band transition plan
  • Tenable (TENB) launches always-on Hexa AI agent fleet for exposure management
  • TotalEnergies (TTE) and Eni approve Cronos gas field development offshore Cyprus
  • TotalEnergies (TTE) will be allowed to sell gas from its Yamal project in Siberia. FT
  • Translational Development Acquisition (TDAC): Secures commitments for a $50 mln primary capital investment for ProLogium
  • Travelers (TRV) expands life sciences product liability offering to California, completing 50-state rollout
  • VinFast (VFS) partners with akf-bank to support dealer network expansion in Germany
  • Vodafone PLC (VOD) files mixed securities shelf offering for an undisclosed amount
  • Vulcan (VMC) says NAFTA tribunal found Mexico violated pact, but damage award was negligible
  • Wells Fargo (WFC) confirms increase of quarterly cash dividend to $0.50/share from $0.45/share
  • Welltower (WELL) issues business update
  • WillScot (WSC) launches Quick-Connect Canopy covered workspace system
  • Yelp (YELP) Host tops 1 mln calls, adds OpenTable integration and pickup ordering
  • Zillow (ZG) says "Court dismisses baseless Taylor v. Zillow lawsuit"

• Upgrades:
  • Gossamer Bio (GOSS) upgraded to Outperform from Market Perform at Leerink, tgt $1
    
  • Grupo Cibest (CIB) upgraded to Buy from Neutral at Goldman, tgt $98
    
  • Honeywell (HON) upgraded to Neutral from Underperform at BofA Securities, tgt $265
    
  • International Paper (IP) upgraded to Overweight from Neutral at JPMorgan, tgt $61
    
  • JBS (JBS) upgraded to Overweight from Neutral at JPMorgan, tgt $18
    
  • Lufax (LU) upgraded to Overweight from Neutral at JPMorgan, tgt $2
    
  • Magnolia Oil & Gas (MGY) upgraded to Buy from Hold at Truist, tgt $33
    
  • Nutrien (NTR) upgraded to Outperform from Neutral at BNP Paribas Exane, tgt $80
• Downgrades:
  • Albertsons (ACI) downgraded to Neutral from Buy at UBS, tgt $12
    
  • Alpine Income (PINE) downgraded to Outperform from Strong Buy at Raymond James, tgt $22
    
  • Clorox (CLX) downgraded to Hold from Buy at Jefferies, tgt $98
  • Exxon Mobil (XOM) downgraded to Neutral from Buy at BofA Securities, tgt $158
  • Fresenius Medical (FMS) downgraded to Underperform from Neutral at BNP Paribas Exane, tgt $19.90
    
  • Intuit (INTU) downgraded to Hold from Buy at TD Cowen, tgt $304
    
  • Levi Strauss (LEVI) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $25
    
  • Progyny (PGNY) downgraded to Equal Weight from Overweight at Barclays, tgt $34
    
  • RXO (RXO) downgraded to Sell from Hold at TD Cowen, tgt $19
    
  • Selective Insurance (SIGI) downgraded to Market Perform from Outperform at BMO Capital, tgt $97
• Others:
  • Anterix (ATEX) initiated with a Buy at Clear Street, tgt $161
    
  • CrowdStrike (CRWD) initiated with a Buy at Loop Capital, tgt $230
    
  • Faeth Therapeutics (FTH) initiated with an Outperform at Oppenheimer, tgt $60
    
  • H&R Block (HRB) initiated with an Equal Weight at Stephens, tgt $47
    
  • Kodiak Gas Services (KGS) initiated with an Overweight at Piper Sandler, tgt $78

• Econ Data (Wednesday):
  • 7:00 ET: Weekly MBA Mortgage Index (prior 1.9%)
  • 10:30 ET: Weekly crude oil inventories (prior +2.01 mln)
  • 14:00 ET: July FOMC Decision (Briefing.com consensus 3.50-3.75%; prior 3.50-3.75%)

• Earnings:
  • Monday (July 27)
    • Pre-Market: BKR BOH HOPE
    • After-Hours: AGYS AMKR APLD NTB BRX BRO CDNS CLS CINF ESI FFIV HAPN KFRC KRC NVTS NE NUE OPK PFG SANM SSD SUI UDR UHS WELL
  • Tuesday (July 28)
    • Pre-Market: ALKS AB AMT AWI ABG AXTA BA CARR CNC CNP CMS KO CBU CVLT GLW CURB DTE ECL XPRO FELE GSK HRI DINO HLT HUBB ITW INCY IVZ IQV ITRI OSK PCAR PYPL PNR PHG PJT PII RGEN SPGI SHW TXT TRU UPS XYL
    • After-Hours: ACHC AKR ACGL APAM ASH CAR AXS BE BXP CZR CAKE CHE CSGP CR ENPH EXLS EXE EXR FE F GEF THG HIW HURN KLAC LSTR MANH MIR MDLZ NBR NEO NOV NXPI OI OMC PPG QRVO RNST RBBN STX SWKS STAG TER TTAM TRMK UMBF UNM VRNS VLTO V WPC WM WERN JBLU RCL ZWS
  • Wednesday (July 29)
    • Pre-Market: AER APH AON ARCB ARCC ADP AVTR BANC BAND BLCO BIIB BLKB BG CBRE GIB CHEF CLVT CLH CTSH CSTM DMC EXP ETR EVR FVRR FLEX FTV FTRE ULCC GRMN GTX GEHC GNRC GD HBM HUM IEX IONS JCI KEX LMND LII LAD LFUS LXP MHO MAS MGPI MNRO NMRK OGE ODFL OMF OSW OPCH PSN BTU PAG PG PUMP PB RDWR SMG SLGN SITE SKHY SW SOFI SWK SCL STRA TEVA VFC VRSK VRT VMC WNC WSO WEC WIN
    • After-Hours: LHX ADPT AEM AGI ALGN ALKT AWK AM AR ARM ARXS BHE BOOT CHRW WHD CWH CP CSL CBZ CMG CHDN CRK CNMD CORT COUR CVI EIG EPR EQIX ESS ETD EG EFOR FICO FLS FMC FTNT FCPT FTAI GFL GKOS GRBK HAYW HXL HLI ICLR PI NSP INVH KGC LRCX TREE MTH META MTG MGM MSFT MAA MOD MC MYRG NFG NWE OHI ORLY PEB PFSI PPC PBI PLXS PCOR PFS PTC PSA QTWO QCOM HOOD RSI ST SIMO SONO SFM SBUX RGR TNK TDOC TENB TTEK TYL VTR VICI VKTX WAY WWD BSX FORM REG REYN SCI
  • Thursday (July 30)
    • Pre-Market: PTEN AOS ADT AGCO APD ALGM ALNY MO AMCX AEP APG MT AVY BAX BDC BMY BIP BC BLDR CWT CRS CCC CHKP CNK CNX CIGI CMCO CRH CROX CSW CFR DAR DFIN DTM EME EPD EEFT FSS AG FCN GATX GIL GVA GPI HSY HGV HNI HII H IDA ICE IDCC IP JLL KBR KKR LH LAUR DRS LTH LSPD LECO LNC LKQ MAIR MDGL MLM MA NEOG NCLH OIS OMCL PGY PATK PBF PIPR PWR RAL REGN RES SAIA SNY STNG SIRI SOLS SAH SO SPHR STGW SHOO SXC TRP FTI TEX CI TW TT TRS TNET TRN UPBD VLO VCEL VIRT WCC WTW XEL XHR XRX XPO YUMC YUM EX
    • After-Hours: ADC ALHC LNT AMZN AMH AAPL ATR AJG AX BJRI BFAM CPT CDNA CNO COHU COIN COLM CTVA CUZ CUBE DXCM DRH DLB DXC EMN EIX ES EXPO FHI FSLR FND GLPI GDDY LOPE GH HR HTGC HUN ILMN IR INGM LYV LPLA MTZ MMSI MTD MTX MHK MPWR MSA MYGN NBIX NXT NMIH OLN PTCT KWR RDDT RIVN RBLX RYAN SNDR SONY SPSC SPXC MSTR SYK TEM BWIN OLED VCYT WU WY BUD
  • Friday (July 31)
    • Pre-market: AEE ABBV ARES AN BTSG CCJ CBOE CVX CHD CL D ETN EQX XOM FRT FTS BEN GTES LEA LIN LYB MGA MOG.A NWL NVT PWP POR PRLB RBC TROW WT MRNA PAYP
    • Afternoon: None