JEF News & Events

The major averages looked headed toward a down day amid another spike in oil prices due to the war in Iran and fears of broad stagflation. However, stocks rebounded into the green and oil prices declined after President Trump reportedly told a CBS reporter that the Iran war could be over soon, being quoted by CBS News Senior White House Correspondent Weijia Jiang asthat he thinks the war is "very complete, pretty much." Meanwhile, the Financial Times reported that G7 officials are considering tapping into strategic reserves.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Hims & Hersreached a pact with Novo Nordiskto bringLive Nationis near a settlement with the U.S. Department of Justice under which it may avoid selling Ticketmaster,Universal HealthTalkspacefor $5.25 per shareOpenAIAI security platform PromptfooAirlines are reconsidering growth plans amid the war in Iran,2. WALL STREET CALLS:Verizonto Outperform from Sector Perform at ScotiabankGE Vernovato Buy from Sell at Rothschild & Co RedburnuniQureat RBC Capital and Wells Fargo after news of Vinay Prasad leaving FDAJefferies Financialto Equal Weight at Morgan StanleyStarbucksto Peer Perform at Wolfe Research as a new analyst took over coverage3. AROUND THE WEB:Appleis pushing back the planned launch of its smart home display, Bloomberg saysAirbusis debating on a joint bid with Rheinmetalland OHB to build an internet service for the Bundeswehr armed forces, Bloomberg reportsTencentplans to invest several hundred million dollars on Paramount Skydance'sacquisition of Warner Bros Discovery, Bloomberg reportsKKRis working on a sale of CoolIT Systems, hoping to fetch a price tag in excess of $3B, The Financial Times reportsSamsung'sconsumer device chief TM Roh says the company is "open to strategic co-operation" with more AI groups, FT reports4. MOVERS:Xene Pharmaceuticalsgained after announcing its Phase 3 X-TOLE2 studyRelmadaincreased after reporting 12-month Phase 2Dianthusadvanced afterand announcing an early GO decision based on its Phase 3 trial of claseprubartOric Pharmaceuticalsfell after rival drugmaker Ipsenannounced it isin all indications from all Ipsen marketsFuelCellclosed lower after5. EARNINGS/GUIDANCE:Nayax, with CEO Yair Nechmad commenting, "Nayax delivered strong 2025 results and a very solid fourth quarter"Korn Feryand provided guidance for Q4ARS Pharmaceuticals, with EPS and revenue beating consensusSignet Jewelersprovidedand FY26Genius Groupreportedand provided guidance for FY26INDEXES:The Dow rose 239.25, or 0.50%, to 47,740.80, the Nasdaq gained 308.26, or 1.38%, to 22,695.95, and the S&P 500 advanced 55.97, or 0.83%, to 6,795.99.

The major averages were lower near noon, but well off earlier lows, amid the continued spike in oil prices due to the war in Iran and fears of broad stagflation. The Dow Jones Industrial Average is down over 400 points to start the week following its biggest weekly slide in nearly a year, though the index is still off sharper declines earlier in the session and the Nasdaq has almost come back to unchanged.Oil futures were surging after Middle East producers cut their output amid the continued closure of the key Strait of Hormuz passageway. Meanwhile, the Financial Times reported that G7 officials are considering tapping into the strategic reserves.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Hims & Hersreached a pact with Novo Nordiskto bringto its platformLive Nationis near a settlement with the U.S. Department of Justice under which it may avoid selling Ticketmaster,Meanwhile, New York AG Letitia James said the DOJ settlement with Live NationUniversal HealthTalkspacefor $5.25 pere shareStrategyacquired2. WALL STREET CALLS:Verizonto Outperform from Sector Perform at ScotiabankGE Vernovato Buy from Sell at Rothschild & Co RedburnuniQureat RBC Capital and Wells Fargo after news of Vinay Prasad leaving FDAJefferies Financialto Equal Weight at Morgan StanleyStarbucksto Peer Perform at Wolfe Research as a new analyst took over coverage3. AROUND THE WEB:Airbus (EADSY) is debating on a joint bid with Rheinmetalland OHB to build an internet service for the Bundeswehr armed forces, Bloomberg reportsTencentplans to invest several hundred million dollars on Paramount Skydance'sacquisition of Warner Bros Discovery, Bloomberg reportsKKRis working on a sale of CoolIT Systems, hoping to fetch a price tag in excess of $3B, The Financial Times reportsSamsung'sconsumer device chief TM Roh says the company is "open to strategic co-operation" with more AI groups, FT reportsSamsung and SK Hynixhave been chosen as the sole suppliers of sixth-generation HBM4 for Nvidia'snext flagship AI accelerator, Vera Rubin, over Micron, KED says4. MOVERS:Xene Pharmaceuticalsgains in New York after announcing its Phase 3 X-TOLE2 studyRelmadaincreases after reporting 12-monthfor NDV-01Dianthushigher afterand announcing an early GO decision based on its Phase 3 trial of claseprubartOric Pharmaceuticalsfalls after rival drugmaker Ipsenannounced it isin all indications from all Ipsen marketsFuelCelllower after5. EARNINGS/GUIDANCE:Nayax, with CEO Yair Nechmad commenting, "Nayax delivered strong 2025 results and a very solid fourth quarter"Korn Feryand provided guidance for Q4ARS Pharmaceuticals, with EPS and revenue beating consensusSignet Jewelersfor Q4 and FY26Genius Groupand provided guidance for FY26INDEXES:Near midday, the Dow was down 0.88%, or 419.57, to 47,081.98, the Nasdaq was down 0.08%, or 16.97, to 22,370.71, and the S&P 500 was down 0.49%, or 32.87, to 6,707.15.

Stock futures have moved sharply lower ahead of the open as a dramatic surge in oil prices tied to the escalating conflict involving Iran ripples through financial markets. Crude prices jumped above $100 per barrel and briefly approached roughly $120, the highest levels since 2022, after attacks on energy infrastructure and disruptions to shipping routes heightened fears of a global supply shock. The possibility that tanker traffic through the Strait of Hormuz could remain disrupted has forced traders to rapidly price in a geopolitical risk premium across energy markets.Equity markets reacted negatively to the sudden energy shock and indices fell across Asia and Europe as investors weighed the inflationary implications of higher fuel costs and the risk that the conflict could drag on. Some markets experienced particularly severe declines, with Asian stocks sliding sharply and South Korea's Kospi briefly halting trading after a steep drop, highlighting the speed of the risk-off move.Energy prices feed directly into transportation, manufacturing, and consumer costs, meaning a sustained spike in crude could push inflation expectations higher again and complicate central bank policy. At the same time, economic data released late last week signaled some cooling in the labor market, raising fears of a stagflationary environment where growth slows while price pressures rise.In pre-market trading, S&P 500 futures fell 1.13%, Nasdaq futures fell 1.22% and Dow futures fell 1.26%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Hims & Hersup 50% after entering into an agreement with Novo Nordiskthat will bring Ozempic injections and Wegovy pills and injections to the platform later this monthXenon Pharmaceuticalsup 48% after announcing its X-TOLE2 study of azetukalner in focal onset seizures met its primary endpointDianthusup 24% after reporting an early GO decision based on an interim responder analysis in the Phase 3 CAPTIVATE trial of claseprubart in Chronic Inflammatory Demyelinating Polyneuropathy, CIDPLive Nationup 5% after Bloombergthe company is close to settling a federal antitrust lawsuit in a deal that would avoid the sale of its Ticketmaster unitApplied Optoelectronicsup 3% after announcing it received its first volume order for its 1.6T data center transceivers from one of its long-term major hyperscale customers to boost its network bandwidth for AI workloadUP AFTER EARNINGS -Heritage Insuranceup 6%DOWN AFTER EARNINGS -Beta Technologiesdown 3%LOWER -Jefferies Financialdown 3% after Morgan Stanley downgraded the stock to Equal Weight with a price target of $49, down from $78Lamb Westondown 1% after Starboard Value built a stake in the company and has been pushing to company to accelerate improvements and cost cuttingStarbucksdown 1% after Wolfe Research downgraded shares to Peer Perform after assuming coverage of the name