RACE News & Events

The major averages had a mixed day back from the long weekend as markets reacted to reports of potential progress in U.S.–Iran talks aimed at ending the conflict. However, uncertainty remains as the president also warned that military action remains possible if talks fail and fresh clashes between the U.S. and Iran clouded the outlook for an interim deal to reopen the Strait of Hormuz. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Eli LillyCurevo, LimmaTech Biologics, and Vaccine Company in deals worth up to $4B combinedBPsaid Albert Manifold has been removed as board chair followingAutoZonereportedChip stocks, including Micronand Qualcommrose on hopes that easing geopolitical tensions around the Iran conflict could reduce supply-chain and risk-premium pressuresFerrariunveiled, a five-seat electric vehicle2. WALL STREET CALLS:Marvellto Buy at HSBC on "undervalued" optical interconnect strengthBooz Allento Buy at StifelNorthlandIntel, Astera Labsand Semtechto Market PerformBofAthe firm's price target on Appleto $380 from $330UBSthe firm's price target on Micronto $1,625 from $5353. AROUND THE WEB:Occidental Petroleumis buying a 10% interest in Exxon Mobil'sdeepwater exploration block offshore Trinidad and Tobago, Reuters reportsThe European Union is set to open an in-depth investigation into Chinese e-commerce group JD.com'sbid for German electronics retailer Ceconomy, FT reportsWixis preparing its largest-ever round of layoffs, with plans to cut about 1,000 jobs, or roughly 20% of its workforce, following weak earnings, a sharp stock decline, and mounting pressure on profitability, Calcalist reportsPrologisand the American Bureau of Shipping will be anchoring a $200M venture-capital, VC, fund betting on a U.S. revival in maritime and logistics, WSJ saysNvidiaCEO Jensen Huang has asked Super Micro Computerto tighten its compliance after Taiwan detained three people for allegedly making fraudulent declarations related to AI servers made by Nvidia, Bloomberg says4. MOVERS:ASP Isotopesgains after announcing it hasthe first 18 stages of its Silicon-28 enrichment facility located in Pretoria, South AfricaOusterincreases after entering aSatellogichigher after securing an $18M contract forCircle Internetfalls after KeyBanccoverage of the stock with a Sector Weight ratingCosanlower in New York after HSBCthe stock to Reduce5. EARNINGS/GUIDANCE:VNET Groupand backed its guidance for FY26Champion Homes, with EPS and revenue beating consensusCSW Industrial, with CEO Jospeh Armes commenting, "I am pleased to report all-time record revenue and adjusted EBITDA for the fiscal Q4 and FY26"Uni-Fuelsand raised its guidance for FY26Dropboxand fiscal year 2026 financial results to be in-line with or above the guidance rangesINDEXES:The Dow fell 118.02, or 0.23%, to 50,461.68, the Nasdaq gained 312.21, or 1.19%, to 26,656.18, and the S&P 500 advanced 45.65, or 0.61%, to 7,519.12.

The major averages were mixed near noon as markets react to reports of potential progress in U.S.–Iran talks aimed at ending the conflict, with sentiment supported by President Trump's comments that negotiations were "proceeding nicely." However, uncertainty remains as the president also warned that military action remains possible if talks fail.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Eli LillyCurevo, LimmaTech Biologics, and Vaccine Company in deals worth up to $4B combinedBPsaid Albert Manifold has been removed as board chair followingAutoZonereportedChip stocks, including Micronand Qualcommare rising on hopes that easing geopolitical tensions around the Iran conflict could reduce supply-chain and risk-premium pressuresFerrariunveiled, a five-seat electric vehicle2. WALL STREET CALLS:Marvellto Buy at HSBC on "undervalued" optical interconnect strengthBooz Allento Buy at StifelNorthlandIntel, Astera Labsand Semtechto Market PerformBofAthe firm's price target on Appleto $380 from $330UBSthe firm's price target on Micronto $1,625 from $5353. AROUND THE WEB:Wixis preparing its largest-ever round of layoffs, with plans to cut about 1,000 jobs, or roughly 20% of its workforce, following weak earnings, a sharp stock decline, and mounting pressure on profitability, Calcalist reportsPrologisand the American Bureau of Shipping will be anchoring a $200M venture-capital, VC, fund betting on a U.S. revival in maritime and logistics, WSJ saysDelta Air Linestypically prides itself on not canceling flight, but recently, domestic-flight cancellation rates have been higher than industry average, WSJ reportsNvidiaCEO Jensen Huang has asked Super Micro Computerto tighten its compliance after Taiwan detained three people for allegedly making fraudulent declarations related to AI servers made by Nvidia, Bloomberg saysBHP Groupis pulling back on decarbonization projects in its Western Australian iron ore operations, Bloomberg reports4. MOVERS:ASP Isotopesgains after announcing it hasthe first 18 stages of its Silicon-28 enrichment facility located in Pretoria, South AfricaOusterincreases after entering awith ARGUS InterceptionSatellogichigher after securing anfor persistent earth observation monitoringCircle Internet (CRCL) falls after KeyBancof the stock with a Sector Weight ratingCosanlower in New York after HSBCthe stock to Reduce5. EARNINGS/GUIDANCE:VNET Groupand backed its guidance for FY26Champion Homeswith EPS and revenue beating consensusCSW Industrial, with CEO Jospeh Armes commenting, "I am pleased to report all-time record revenue and adjusted EBITDA for the fiscal Q4 and FY26"Uni-Fuelsand raised its guidance for FY26Dropboxand fiscal year 2026 financial results to be in-line with or above the guidance rangesINDEXES:Near midday, the Dow was down 0.25%, or 124.37, to 50,455.33, the Nasdaq was up 0.84%, or 220.48, to 26,564.45, and the S&P 500 was up 0.38%, or 28.40, to 7,501.87.

Stock futures rose Tuesday as markets reacted to reports of potential progress in U.S.–Iran talks aimed at ending the conflict, with sentiment supported by President Trump's comments that negotiations were "proceeding nicely," though uncertainty remains after he warned that military action remains possible if talks fail.In pre-market trading, S&P 500 futures increased 0.72%, Nasdaq 100 futures were up 1.18% and Dow futures gained 0.53%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Eli Lillyup 1% after agreeing to acquire Curevo, LimmaTech Biologics, and Vaccine Company to build its infectious diseases portfolioLearup 2.3% after TD Cowen upgraded the stock from Buy to HoldSemiconductor stocks, including Micron, up 8%, and Qualcomm, up 3.5%, on hopes that easing geopolitical tensions around the Iran conflict could reduce supply-chain and risk-premium pressures across the semiconductor sectorSpace stocks rose, with Intuitive Machinesgaining 10.8% and AST SpaceMobileup 6.8%, with Cantor Fitzgerald saying optimism around government and commercial space contracts grew following a $90M U.S. Space Force award to Rocket Laband continued positive commentary on industry demandUP AFTER EARNINGS -Pony AIup 16%Elbit Systemsup 11.3%Ituranup 4.8%DOWN AFTER EARNINGS -AutoZonedown 5.1%LOWER -Ferraridown 2.9% after unveiling the Ferrari Luce, a five-seat EVExxon Mobiland Chevrondown 1% and 1.1%, respectively, after Barclays said depleting inventories, shrinking OPEC spare capacity, and a "muted" U.S. production response to the Middle East war are reinforcing a tighter oil macro backdrop that is not fully reflected in equities

Ferrari unveiled the Ferrari Luce in Vela di Calatrava - Citta dello Sport in Rome. "The Ferrari Luce marks the culmination of Maranello's multi-energy strategy, announced at the 2022 Capital Markets Day and subsequently confirmed on various occasions. In accordance with the principle of technological neutrality, electrification is just one of the means available to Ferrari to expand its design potential in product architecture, performance, design, and driving experience, without replacing existing engines," the company said. This architecture accommodates four doors and five seats, which is a first for the company