APO News & Events

The major averages finished sharply higher following a preliminary U.S.-Iran peace agreement that could reopen the Strait of Hormuz and significantly ease pressure on global energy markets. Brent crude oil prices have dropped to roughly three-month lows after the announced agreement, easing concerns about supply disruptions and helping reduce inflation fears that had weighed on stocks throughout the spring.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Fox Corp.Rokufor $160 per shareSalesforcecustomer agent company Fin for $3.6BNuveiPayoneer Globalfor $7.40 per share in cash, or $2.75BTripAdvisorto American Expressfor $700M in cashThe U.K. government isfor children under the age of 162. WALL STREET CALLS:TruistDatadogto Buy, sees opportunity for continued upsideOld Dominionto Sell at CitiKeyBancFireFly Aerospaceand Rocket Labto Overweight after their SpaceX related selloffsAccentureto Equal Weight at Morgan StanleyFerrarito Overweight at Morgan Stanley3. AROUND THE WEB:Centeneis offering voluntary buyouts to most employees, Bloomberg reportsTeslarecently presented self-published safety statistics to regulators in Sweden and Netherlands, but independent traffic-safety researchers argue the statistics are misleading marketing, Reuters saysMatt Holt's investment firm Thoreau Group, which is backed by Apollo Global, is in advanced discussions to acquire Ensemble Health Partners in a deal that would value the company at roughly $12B, Bloomberg saysSBA Communications'potential take-private process involving KKRand Brookfieldhas stalled and is now considered effectively dead, as negotiations have come to a standstill in recent weeks, sources tell GreenstreetAccording to an Indian pollution regulator, wastewater from a Tata components factory for Apple'siPhone has allegedly contaminated groundwater, impacting nearby farms, Reuters says4. MOVERS:Oustergained afterwith Benchmark ElectronicsIntellia Therapeuticsincreased after presenting resultsStriveclosed higher afterand reporting holdings of 19,105 as of June 12Pattern Groupfinished lower afterAlcoafell after announcing the ratification of a5. EARNINGS/GUIDANCE:PowerFleet, with EPS and revenue beating consensusCoda Octopus, with EPS higher year-over-yearFiservbacked itsenGene, with EPS beating consensusJerash Holdingsand provided guidance for Q1INDEXES:The Dow rose 468.77, or 0.92%, to 51,671.03, the Nasdaq gained 795.10, or 3.07%, to 26,683.94, and the S&P 500 advanced 122.83, or 1.65%, to 7,554.29.

The major averages were sharply higher near noon as investors return from the weekend focused on a preliminary U.S.-Iran peace agreement that could reopen the Strait of Hormuz and significantly ease pressure on global energy markets. Brent crude oil prices have dropped to roughly three-month lows after the announced agreement, easing concerns about supply disruptions and helping reduce inflation fears that had weighed on stocks throughout the spring.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Fox Corp.Rokufor $160 per shareSalesforcecustomer agent company Fin for $3.6BNuveiPayoneer Globalfor $7.40 per share in cash, or $2.75BTripAdvisorwillto American Expressfor $700M in cashThe U.K. government isfor children under the age of 162. WALL STREET CALLS:TruistDatadogto Buy, sees opportunity for continued upsideOld Dominionto Sell at CitiKeyBancFireFly Aerospaceand Rocket Labto Overweight after their SpaceX related selloffsAccentureto Equal Weight at Morgan StanleyFerrarito Overweight at Morgan Stanley3. AROUND THE WEB:CommerzbankCEO Bettina Orlopp said the bank was surprised by allegations from UniCreditthat it had misled the public, highlighting rising tensions between the two banks, Reuters saysTeslarecently presented self-published safety statistics to regulators in Sweden and Netherlands, but independent traffic-safety researchers argue the statistics are misleading marketing, Reuters saysMatt Holt's investment firm Thoreau Group, which is backed by Apollo Global, is in advanced discussions to acquire Ensemble Health Partners in a deal that would value the company at roughly $12B, Bloomberg saysSBA Communications'potential take-private process involving KKRand Brookfieldhas stalled and is now considered effectively dead, as negotiations have come to a standstill in recent weeks, sources tell GreenstreetAccording to an Indian pollution regulator, wastewater from a Tata components factory for Apple'siPhone has allegedly contaminated groundwater, impacting nearby farms, Reuters says4. MOVERS:Oustergains afterwith Benchmark ElectronicsIntellia Therapeuticsincreases afterfrom its Phase 3 HAELO trialStrivehigher afterand reporting holdings of 19,105 as of June 12Pattern Grouplower after filing toAlcoafalls after announcing the ratification of awith USW5. EARNINGS/GUIDANCE:PowerFleet, with EPS and revenue beating consensusCoda Octopus, with EPS higher year-over-yearFiservfor FY26enGene, with EPS beating consensusJerash Holdingsand provided guidance for Q1INDEXES:Near midday, the Dow was up 1.37%, or 703.88, to 51,906.14, the Nasdaq was up 2.99%, or 773.00, to 26,661.85, and the S&P 500 was up 1.91%, or 141.58, to 7,573.04.

Matt Holt's investment firm Thoreau Group, which is backed by Apollo Global, is in advanced discussions to acquire Ensemble Health Partners in a deal that would value the company at roughly $12B, Bloomberg's Michelle Davis and Ryan Gould report, citing people familiar with the matter. An agreement could be signed imminently, the authors note.

The major averages were mixed but mostly lower despite oil prices pulling back, as yesterday's surge in chip stocks failed to build on its momentum. The fresh pressure on companies in the AI space reflects the lingering skepticism that part of the rally for chips and datacenter suppliers in recent quarters may have been overblown. Oil prices have pulled back after reports of a ceasefire between Israel and Iran, easing concerns about a major supply disruption, though investors are largely in wait-and-see mode ahead of tomorrow's CPI inflation report, which could influence expectations for the Fed's path through the second half of the year. Also keeping the market on edge, President Trump said in a social media post that Iranians shot down a U.S. helicopter over the Strait of Hormuz and that "the United States must, of necessity, respond to this attack."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:OpenAI has confidentially filed for an IPO with the SEC,GSKNuvalentfor $10.6B, or $124 per shareJ.M. Smuckerreportedand provided FY27 guidanceBroadcom, Apollo Global, and BlackstoneAnthropic launchedand Claude Mythos 52. WALL STREET CALLS:FuelCellto Buy at CanaccordKeefe BruyetteToll Brothersto OutperformKeefe paired the upgrade of Toll with aof Lennarto UnderperformPrudentialto Hold at Argus on Japan issuesMagnitewith a Buy at BTIG3. AROUND THE WEB:Googleconvinced the Federal Circuit Court of Appeals to restore two smart-speaker patents that allegedly were infringed by audio equipment maker SonosAncora is pushing Ashlandto pursue a sale, Reuters saysThe U.K. is conducting a review of its National Health contract with Palantiramid growing pressure for the government to use a break clause at the end of the contract's initial term in 2027, Reuters reportsNuvei is in talks to acquire Payoneer Global, Reuters reportsWalmartplans to announce the departure of Diana Marshall, the chief experience officer at Sam's Club, WSJ reports4. MOVERS:Veecogains after announcing a follow-on order for itsMission Produceincreases after, providing guidance for Q3, and announcing a new $100M share repurchase programVNetand GDS Holdingshigher in New York after BloombergChina is preparing to spend $295B on building data centers across the countryUnited Natural Foodslower afterand narrowing its guidance for FY26Universal Technicalfalls after announcing a5. EARNINGS/GUIDANCE:SailPoint, with CEO Mark McClain saying "robust top- and bottom-line growth, underscores the critical market demand for comprehensive identity security"Land's Endand provided guidance for Q2 and FY26Titan Machinery, with EPS missing consensusDesigner Brandsand backed its guidance for FY26Academy Sportsand raised its guidance for FY26INDEXES:The Dow rose 86.10, or 0.17%, to 50,872.11, the Nasdaq lost 250.84, or 0.97%, to 25,678.82, and the S&P 500 declined 19.08, or 0.26%, to 7,386.65.