BOBS News & Events

The major averages were lower throughout the morning but bounced back to have a mixed finish as markets react to news over the weekend of coordinated U.S.-Israeli strikes against Iran, as well as subsequent regional retaliation. The attacks generated widespread volatility and elevated uncertainty across asset classes. Many oil and defense names were rising following the news, with the price of oil surging amid concerns of supply disruptions, particularly around the Strait of Hormuz, a critical energy shipping corridor. Meanwhile, travel and airline stocks were falling amid worries around international travel in the region and abroad.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Oil stocks such as Exxon Mobiland Chevronwereafter U.S. and Israel attacked Iran over the weekendShares of defense contractors, including Lockheed Martinand Northrop Grumman,after the attacks on IranMeanwhile, travel names such as Expediaand Delta Air Linesafter the attacksAppleintroducedand announced a new iPad AirNvidiais partnering with andin Lumentumwhile also announcing a multiyear strategic agreement with Coherent2. WALL STREET CALLS:Netflixwith Overweight from Neutral at JPMorganCrowdStriketo Overweight at Piper SandlerPiper Sandler and StifelRestaurant Brandsfollowing investor dayNovo Nordiskto Neutral at Goldman SachsWall Streetof recent IPOs Forgent Power Solutionsand Bob's Discount Furniture3. AROUND THE WEB:Amazonhas closed fulfillment center operations and halted deliveries in Abu Dhabi amid tensions in the Middle East, Business Insider reportsBYD'svehicle sales dropped 41% year-over-year in February after retail activity in China stood close to a standstill for much of the month, Bloomberg reportsIn February, Teslagained market share in France and Norway, signaling stabilization in Europe after two years of declining sales, Reuters reportsQatarEnergy ceased liquefied natural gas production after military attacks on its Ras Laffan complex, the company said in a statement, according to Bloomberg. U.S. liquid natural gas producers that may react to this news include Cheniere Energyand Venture Global.Australia's internet regulator may push for search engines and app stores to block AI services that fail to verify users' ages, Reuters reports. App store and search engine operators in the space include Apple, Google, and Samsung.4. MOVERS:Venture Globalgains afterand announcing an LNG purchase agreement with TrafiguraOndashigher after announcing aRed Catincreases after announcing Allen Control has joined theuniQurefalls in New York afterand announcing the FDA recommended an additional study for its AMT-130 submissionAES Corp.lower after announcing itby a consortium led by GIP and EQT for $15/share in cash5. EARNINGS/GUIDANCE:Norwegian Cruise Lineand provided guidance for Q1 and FY26Belite Bio, with EPS beating consensusRadNetand provided guidance for FY26Turning Point Brands, with CEO Graham Purdy commenting, "We are excited by the growth of the modern oral category and the strong performance of our FRE and ALP brands"Uniti Groupand provided guidance for FY26INDEXES:The Dow fell 73.14, or 0.15%, to 48,904.78, the Nasdaq gained 80.65, or 0.36%, to 22,748.86, and the S&P 500 advanced 2.74, or 0.04%, to 6,881.62.

The major averages were lower throughout the morning but have bounced back near noon as markets react to news over the weekend of coordinated U.S.-Israeli strikes against Iran, as well as subsequent regional retaliation. The attacks have generated widespread volatility and elevated uncertainty across asset classes. Many oil and defense names were rising following the news, with the price of oil surging nearly 6% amid concerns of supply disruptions, particularly around the Strait of Hormuz, a critical energy shipping corridor. Meanwhile, travel and airline stocks were falling amid worries around international travel in the region and abroad.Financials, travel, and cyclical stocks have been bearing the brunt of risk aversion, even as defense and energy sectors show relative strength.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Oil stocks such as Exxon Mobiland Chevronwereafter U.S. and Israel attacked Iran over the weekendShares of defense contractors, including Lockheed Martinand Northrop Grumman,after the attacks on IranMeanwhile, travel names such as Expediaand Delta Air Linesafter the attacksAppleintroducedand announced a new iPad AirNvidiais partnering with andwhile also announcing a multiyear strategic agreement with Coherent2. WALL STREET CALLS:Netflixwith Overweight from Neutral at JPMorganCrowdStriketo Overweight at Piper SandlerPiper Sandler and StifelRestaurant Brandsfollowing investor dayNovo Nordiskto Neutral at Goldman SachsWall Streetof recent IPOs Forgent Power Solutionsand Bob's Discount Furniture3. AROUND THE WEB:BYD'svehicle sales dropped 41% year-over-year in February after retail activity in China stood close to a standstill for much of the month, Bloomberg reportsIn February, Teslagained market share in France and Norway, signaling stabilization in Europe after two years of declining sales, Reuters reportsQatarEnergy ceased liquefied natural gas production after military attacks on its Ras Laffan complex, the company said in a statement, according to Bloomberg. U.S. liquid natural gas producers that may react to this news include Cheniere Energyand Venture Global.Australia's internet regulator may push for search engines and app stores to block AI services that fail to verify users' ages, Reuters reports. App store and search engine operators in the space include Apple, Google, and Samsung.Microsoftis weighing releasing its long-rumored E7 enterprise productive software bundle, a more expensive AI-loaded version of Microsoft 365, Business Insider4. MOVERS:Venture Globalgains afterand announcing an LNG purchase agreement with TrafiguraOndashigher after announcing ain World ViewRed Catincreases after announcingthe Red Cat Futures InitiativeuniQurefalls in New York afterand announcing the FDA recommended an additional study for its AMT-130 submissionAES Corp.lower after announcing it will beled by GIP and EQT for $15/share in cash5. EARNINGS/GUIDANCENorwegian Cruise Lineand provided guidance for Q1 and FY26Belite Bio, with EPS beating consensusRadNetand provided guidance for FY26Turning Point Brands, with CEO Graham Purdy commenting, "We are excited by the growth of the modern oral category and the strong performance of our FRE and ALP brands"Uniti Groupand provided guidance for FY26INDEXES:Near midday, the Dow was down 0.12%, or 60.10, to 48,917.82, the Nasdaq was up 0.38%, or 85.68, to 22,752.44, and the S&P 500 was up 0.01%, or 0.98 to 6,879.86.

Generate Biomedicines made its public debut last week. The clinical‑stage company, which positions itself as a pioneer in AI‑driven drug design and development, enters the market with a pitch that its generative biology platform can accelerate and broaden therapeutic discovery.LATEST IPOS AND DIRECT LISTINGS:Generate Biomedicinesopened on February 27 at $15.00. The company priced 25M shares at $16.00. The deal priced at the midpoint of the $15.00-$17.00 target range. Generate Biomedicines is a clinical-stage generative biology company that says it is "pioneering the AI revolution in biotechnology and drug design and development."RECENT SPAC IPOS:Fortress Value Acquisition Vopened on February 26 at $10, after it priced its initial public offering of 25M Class A ordinary shares at a price of $10.00 per share.APEX Tech Acquisitionopened on February 26 at $9.98, after it priced its initial public offering of 10M units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share and one right to receive one-fourth of one ordinary share upon the consummation of an initial business combination.MOZAYYX Acquisitionopened on February 25 at $9.96, after it priced its upsized initial public offering of 26.1M units at $10.00 per unit.ClearThink 1 Acquisitionopened on February 24 at $9.95, after it priced its initial public offering of 12.5M units at $10.00 per unit.PERFORMANCE:Price as of 11:00 am ET on Monday, March 2 -Generate Biomedicines – up over 6% at $13.48.RECENT IPOS TO WATCH:Forgent Power Solutions, Eikon Therapeutics, Bob's Discount Furniture, and Veradermicsare already seeing coverage roll out, while SpyGlass Pharma, Agomaband Once Upon A Farmare among stocks that could see new coverage this week as the quiet periods for banks that underwrote the companies' IPOs expire.UPCOMING IPOS:Upcoming IPO and direct listings expected include Liftoff, Cerebras Systems, ayPay, and OpenAI.Clickto see upcoming IPO calendar on TipRanks.Liftoff Mobile- The company announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The total number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market and other conditions and the completion of the SEC's review process.Cerebras Systems– The company has filed confidentially for a U.S. initial public offering, The Information's Valida Pau and Katie Roof. The re-filing comes after a major sales pact with OpenAI, the authors note.PayPay Corporation- The company filed for an initial public offering of American depositary shares, or ADSs, and has applied to list the ADSs on the Nasdaq Global Select Market under the symbol "PAYP." The prospects filed with the SEC states, "As Japan's leading financial technology company, we are dedicated to our goal of becoming a digital finance platform for all... We launched this service in October 2018 and it rapidly expanded to become a nation-wide leading cashless payments ecosystem that had approximately 72 million PayPay registered users as of December 31, 2025, representing a penetration of 75% among 96 million smartphone users in Japan. With the acquisition of PayPay Card Corporation in October 2022, our platform evolved to a next-generation payments ecosystem, seamlessly integrating our code-based payment and credit card payment services through our PayPay app."OpenAI- The company is accelerating its plans for a public listing as rivalry with Anthropic intensifies, now planning on listing in Q4 of this year, Berber Jin, Corrie Driebusch, and Kate Clark of The Wall Street Journal. OpenAI is holding discussions with Wall Street banks about a potential initial public offering and has hired several executives to oversee its finance team, sources told the Journal.SpaceX- Elon Musk is targeting mid-June for the timing of SpaceX's initial public offering, IPO, Ivan Levingston, Stephen Morris, and Mercedes Ruehl of The Financial Times, citing five people familiar with the matter. The company is looking to raise $50B at a valuation of $1.5T, the sources added.Opening Day" is The Fly's recurring series of stories on the latest initial public offerings, their performance, and upcoming IPOs.