IMVT News & Events

The major averages were lower near noon as traders continue to monitor the war in Iran and increasing oil prices. The top indices came off earlier lows after the Islamic Republic News Agency said that Iran and Oman are drafting a protocol to "monitor" traffic through the Strait of Hormuz. The news comes after President Donald Trump delivered an address on Wednesday night, during which he said that the U.S. is "getting very close" to ending the war, though Trump added that the U.S. would "hit" Tehran "extremely hard." Following the comments, WTI and Brent crude futures both jumped as the U.S. and European benchmarks hold well above $100 per barrel.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Amazonis in talks to acquire Globalstar,Teslareported 358,023 vehicle deliveries in Q1, which William Blair said wasFordreported anin Q1 U.S. vehicle salesImmunovantsaid its two Phase 3 studies of batoclimab failed toFollowing President Trump's address last night, shares of energy companies like BPand Chevronwhile travel stocks, including Carnivaland JetBlue, were slipping2. WALL STREET CALLS:Wingstopto Overweight at Piper Sandler and to Strong Buy at Raymond JamesRTXto Buy at Melius ResearchOllie's Bargain Outletto Buy at JefferiesWix.comto Neutral at UBSAkamaito Neutral at Baird3. AROUND THE WEB:Hershey (HSY) will change the chocolate in a small portion of its Reese's and Hershey's products to use "classic milk and dark chocolate recipes," with the shift to pure chocolate ingredients affecting less than 3% of Reese's products and a sliver of Hershey's products, Bloomberg saysGoogleis developing a fitness band meant to compete with wearable devices from upstarts such as Whoop and Oura Health Oy, Bloomberg reportsIntelis planning to invest another $15M in SambaNova, a chip startup chaired by Intel CEO Lip-Bu Tan, Reuters saysPublicis Groupeis acquiring sports-marketing agency 160over90 from WME Group for more than $500M, WSJ reportsSam's Club, which is owned by Walmart, said it plans to increase its annual membership fee by $10, offering its one-year basic membership option for $60 and its higher-tier option for $120, CNBC says4. MOVERS:Transoceanincreases after beingPenguin Solutionsgains afterand providing guidance for FY26Intuitive Machineshigher after34.57M shares of stockTeluslower in New York after TD Securitiesthe stock to HoldBCElower in New York after TD Securitiesthe stock to Hold5. EARNINGS/GUIDANCE:Acuity Brands, with EPS and revenue beating consensusAngioDynamicsand narrowed its guidance for FY26Scotts Miracle-Grofor FY26AirSculpt, with EPS higher year-over-yearBassett Furniture (BSET), with EPS and revenue lower year-over-yearINDEXES:Near midday, the Dow was down 0.43%, or 199.23, to 46,366.51, the Nasdaq was down 0.33%, or 71.90, to 21,769.05, and the S&P 500 was down 0.26%, or 17.14, to 6,558.18.

Stock futures are lower across the board, reversing the gains that kicked off the second quarter. Markets are giving back yesterday's relief rally in a sharp sentiment reversal, as geopolitical optimism has been replaced by a renewed escalation narrative. Investors are now pricing in a prolonged and potentially intensifying war, with direct implications for energy markets and global growth. The catalyst is last night's presidential address, which emphasized continued military action over the coming weeks rather than de-escalation, effectively pulling the rug out from under the "peace trade" that drove markets higher on April 1.Crude prices are surging back above $100 and pushing toward $110 as fears grow over sustained disruption in the Strait of Hormuz. This is re-tightening financial conditions almost immediately, with higher input costs, renewed inflation pressure, and a shift in rate expectations all weighing on risk assets.Cyclicals, airlines and travel stocks are under pressure as higher fuel costs and demand concerns re-enter the picture. At the same time, energy stocks are outperforming, and there is a clear move back toward defensive positioning, including a stronger dollar and reduced exposure ahead of the long weekend. With markets closed tomorrow for Good Friday traders may be less willing to hold geopolitical exposure over a three-day weekend with this level of uncertainty.In pre-market trading, S&P 500 futures fell 1.49%, Nasdaq futures fell 1.89% and Dow futures fell 1.38%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Globalstarup 12% after Financial TimesAmazonis in discussions to acquire the companyUP AFTER PRESIDENT TRUMP'S SPEECH ON IRAN CONFLICT -APA Corp.up 4%Diamondback Energyup 4%Devon Energyup 4%ConocoPhillipsup 3%BPup 3%Exxon Mobilup 2%Chevronup 2%TotalEnergiesup 2%Shellup 1%DOWN AFTER PRESIDENT TRUMP'S SPEECH ON IRAN CONFLICT -Carnivaldown 4%Royal Carribeandown 4%United Airlinesdown 4%Alaska Airdown 4%Frontier Groupdown 4%Norwegian Cruise Linedown 3%Delta Air Linesdown 3%Southwestdown 3%JetBluedown 3%LOWER -Alto Neurosciencedown 12% after reporting ALTO-101 did not achieve statistical significance on primary electroencephalography or cognitive endpoints versus placeboImmunovantdown 8% after announcing clinical studies evaluating batoclimab as an investigational treatment for adults with active, moderate-to-severe thyroid eye disease failed to meet their primary endpoint