NEO News & Events

Stock futures are higher ahead of the open, suggesting equities may attempt a recovery after last week's selloff. Markets look poised to open the week with a rebound after a volatile stretch driven largely by energy markets and geopolitical developments in the Middle East.Energy prices are still elevated amid the ongoing conflict involving Iran and disruptions around the Strait of Hormuz. Attacks on energy infrastructure and shipping routes have pushed crude above $100 per barrel at times, forcing markets to price in a persistent geopolitical risk premium.Reports suggest diplomatic and logistical efforts are underway to allow more tankers to pass through the Gulf, which has helped cool some of the extreme volatility seen earlier in the month and supported risk appetite in early trading.Even with the modest improvement in sentiment, the broader macro picture remains fragile. Rising oil prices are feeding inflation concerns just as global growth indicators have begun to soften. Policymakers in the United States and Europe are preparing for upcoming meetings while markets debate whether the energy shock will force a more cautious path on rate cuts later this year.Strategists are increasingly warning that the path of oil will likely dictate the trajectory for risk assets in the near term. Some analysts have suggested that a severe and prolonged supply disruption could push equities materially lower if crude continues to climb, highlighting how sensitive the current market environment is to geopolitical headlines and energy prices.In pre-market trading, S&P 500 futures rose 1.01%, Nasdaq futures rose 1.19% and Dow futures rose 0.85%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -National Storageup 29% after entering an agreement under which Public Storagewill acquire the company in an all-stock transaction with an enterprise value of approximately $10.5BNebiusup 11% after announcing Meta Platformshas committed to purchase additional available compute capacity across certain upcoming Nebius clusters up to a total of $15B over a five-year periodSable Offshoreup 9% after resuming the transportation of hydrocarbons produced at the Santa Ynez Unit through the federally regulated and approved to operate Santa Ynez Pipeline System from Las Flores Canyon to Pentland Station at the direction of the United States Secretary of Energy, Chris WrightMicronup 4% after completing the acquisition and assumed ownership of Powerchip Semiconductor Manufacturing Corporation's P5 site in Tongluo, Miaoli County, TaiwanNeoGenomicsup 3% after receiving the PanTracer LBx test has received coverage from the Centers for Medicare & Medicaid Services' Molecular Diagnostics Services ProgramUP AFTER EARNINGS -WWup 11%Lifecoreup 3%Dollar Treeup 1%Townsquare Mediaup 1%DOWN AFTER EARNINGS -Zenas BioPharmadown 1%KE Holdingsdown 1%

The major averages ended broadly higher following the long weekend, rising from a mixed midday after the U.S. and Iran reportedly made "progress" in nuclear talks in Geneva. Earlier weakness reflected renewed concerns about artificial intelligence-related disruption after last week's weakness in tech and software stocks.Looking to commodities, gold was sharply lower, reversing some of last week's gains, while oil also fell.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Warner Bros. Discoverywillwith Paramount Skydance, though Netflixretains its matching rightsDanaherMasimofor $180 per share in cash, or a total consideration of $9.9BActivist investor Elliott has built a more than 10% stake in Norwegian Cruise Line,Meanwhile, Jana Partners has built a stake in Fiserv,Medtronicreportedand reiterated its FY26 earnings guidance2. WALL STREET CALLS:Dollar Treeto Buy at Rothschild & Co RedburnRothschildDollar Generalto Sell on valuationShopifyto Buy at Truist amid market dislocationRivianto Underperform at DA Davidson on R2 ramp risksBitGocoverage wasaround the Street with mainly Buy and equivalent ratings3. AROUND THE WEB:Appleis fast-tracking development of its Glasses, Pendant, and Camera Airpod products for the AI era, Bloomberg reportsGemini'sCOO Marshall Beard, CFO Dan Chen, and chief legal officer Tyler Meade have all left the company, Bloomberg saysVolkswagenintends to cut costs by 20% across its brands by the end of 2028, Reuters reportsEli Lillyintends to turn India into a hub for its global supply chain, Reuters saysBayeris preparing a $10.5B settlement plan to address ongoing and future cancer claims tied to Roundup, Bloomberg says4. MOVERS:Compass Pathwaysincreases in New York after announcing its Phase 3 COMP006 trialZIM Integratedgains in New York after announcing itby Hapag-Lloydfor $35 per share in casheTorohigher in New York afterand approving a $100M increase to its share repurchase programOcular Therapeutixfalls after reporting results from theNeoGenomicslower afterand providing guidance for FY265. EARNINGS/GUIDANCE:Somnigroupand provided guidance for FY26, with CEO Scott Thompson commenting, "These results mark a continuation of the strength we displayed throughout the year"Itronand provided guidance for Q1 and FY26LGI Homes, with EPS beating consensusValmont, with EPS and revenue missing consensusLeidos, with CEO Tom Bell commenting, "Our performance this quarter and throughout the year underscores the incredible resilience of our team"INDEXES:The Dow rose 32.26, or 0.065%, to 49,533.19, the Nasdaq gained 31.72, or 0.14%, to 22,578.39, and the S&P 500 advanced 7.05, or 0.10%, to 6,843.22.