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Crude prices rebounded sharply after renewed attacks on Middle East shipping and a larger-than-expected draw in U.S. crude inventories reignited supply concerns. The move reverses part of last week's near-5% slide, which followed optimism that Washington and Tehran could strike a deal to reopen the Strait of Hormuz. Houthi attacks on vessels in the Red Sea and threats near Hormuz have pushed freight and insurance costs higher, with traffic through the strait — which normally

Oppenheimer downgraded Walmart from outperform to perform on Tuesday, saying Wall Street's confidence in the retailer leaves little room for upside heading into its fiscal second-quarter report on August 20. The firm flagged pharmacy headwinds in the Walmart U.S. business and a valuation that looks peakish, with shares trading around 37 times forward earnings versus a historical average closer to 23 times. Oppenheimer cautioned that the stock could move lower in reaction to r

JPMorgan downgraded Nike to underweight from neutral on Tuesday and cut its price target to $40 from $47, arguing the sportswear giant's turnaround will take longer than the market expects. The bank said Nike's 'Win Now' decisions made in 2026 — aggressive investments and inventory actions aimed at reigniting growth — will weigh on profits into fiscal 2028, keeping earnings under pressure even if revenue stabilizes. The call adds to a difficult stretch for the stock, which ha

Stocks closed sharply higher Tuesday, with the S&P 500 rising 1.79% to a record 7,736.52 and the Dow surging 907 points, or 1.71%, to 54,085.88 — also a fresh record. The Nasdaq popped 2.59% to 26,584.99 as Palantir rallied 29% on blowout results, reigniting the tech trade. The advance was supported by strong corporate earnings and lower oil prices amid optimism over U.S.-Iran talks to reopen the Strait of Hormuz — though that tailwind is already being tested as fresh threats

Hecla Mining reported second-quarter 2026 results on Monday, posting revenue of $334 million and income from continuing operations of $118 million, or $0.18 per share. The top line pulled back from a record prior quarter, primarily reflecting lower realized silver and gold prices during the period. Cash generation was the standout. Cash flow from continuing operations rose 61% year over year to $175 million, while free cash flow more than doubled to $136 million. The company

Gold surged more than 5% Monday, one of its sharpest single-day moves of the year, as investors piled into precious metals alongside the broader risk rally. The move extends a historic run: silver has more than doubled over the past year, touching record levels near $122 an ounce earlier in 2026, while gold's rally has analysts at Goldman Sachs projecting prices approaching $4,900 an ounce by year-end. The surge lands at an opportune moment for silver producers. Hecla Mining,

BP reported second-quarter underlying replacement cost profit of $5.7 billion on Tuesday, up 78% from the first quarter, driven by stronger commodity prices, improved refining margins and higher trading performance. Operating cash flow came in at $10.9 billion. The company raised its dividend to 8.66 cents per ordinary share, a 4% increase, and said net debt fell to an expected $22 billion to $23 billion from $25.3 billion in the first quarter. Upstream production of roughly

Stocks opened August with force on Monday. The Dow Jones Industrial Average climbed 1.3% to a record close, the S&P 500 gained 1.5%, and the Nasdaq Composite led with a 2.1% advance as Big Tech powered the rally. Falling oil prices, after President Trump called off a strike on Iran to pursue a Strait of Hormuz deal, added to the risk-on mood. After the bell, Palantir delivered blowout results and raised its full-year revenue forecast to about $8.15 billion, sending shares up

Snap shares jumped more than 17% Monday after the social media company reported second-quarter revenue of $1.6 billion, up 19% year over year and about $60 million ahead of Wall Street's consensus. The adjusted loss of $0.10 per share was narrower than the $0.12 loss analysts expected. The standout was profitability. Adjusted EBITDA surged to roughly $250 million from $42 million a year earlier, as total adjusted costs grew just 4% even as the business expanded. Gross margin

Tyson Foods reported fiscal third-quarter adjusted earnings of $0.99 per share Monday, up 9% from a year earlier but short of the $1.03 analysts had expected. Revenue was essentially flat at $13.9 billion, also below the roughly $14.1 billion consensus, as higher prices offset lower volumes. Chicken remained the bright spot, with segment operating income rising $40 million year over year to $488 million for an 11.2% margin. Beef went the other way: the segment posted a $138 m

Earnings season shifts to smaller names this week with a cluster of reports landing between Wednesday and Thursday. Clover Health is set to post second-quarter results after the close on Wednesday, August 5, with a webcast to follow, as the Medicare Advantage insurer faces a valuation test after a strong run. Fubo is scheduled to release fiscal third-quarter results the same week, with the company pointing to an August 5 release before the open, while Hertz Global reports sec

Super Micro Computer will report fiscal fourth-quarter results after the close on Tuesday, August 11, with a call set for 5:00 p.m. Eastern. In a preliminary business update, the server maker said revenue is tracking near the low end of its $11.0 billion to $12.5 billion guidance range, with the Street modeling about $11.7 billion and earnings of roughly $0.56 per share. The surprise was profitability: Supermicro estimated GAAP and non-GAAP gross margins of 15% to 17% for the

Crude oil tumbled in early trading Monday after President Trump said he called off a planned military strike against Iran and will instead open fresh negotiations aimed at ending the Middle East conflict and reopening the Strait of Hormuz. Brent for September delivery fell 4.69% to $83.81 while West Texas Intermediate dropped 4.67% to $80.72, unwinding part of the war premium that has whipsawed energy markets since the conflict began in late February. The de-escalation lifted

Tyson Foods reports fiscal third-quarter results before the market opens Monday, August 3, with a conference call to follow at 9:00 a.m. Eastern. The consensus calls for earnings of about $1.03 per share, up roughly 13% from a year ago, on revenue near $14.1 billion, about 1.8% higher than the prior-year quarter. Analysts expect the company to have benefited from resilient demand for animal protein, with consumers continuing to favor affordable, protein-rich meals across both

NIO delivered 35,934 vehicles in July, up 71% from a year earlier, the Chinese electric-vehicle maker said in its monthly update. The total comprised 20,008 vehicles from the flagship NIO brand, 10,155 from the family-oriented ONVO brand and 5,771 from the entry-level FIREFLY line. Year-to-date deliveries reached 227,057 vehicles, a 68% increase over the same period in 2025, and cumulative deliveries stood at 1,224,649 as of July 31. The All-New ES8 SUV crossed 130,000 cumula

Wall Street enters the first full week of August with momentum after closing out a volatile July higher. The main event lands Friday, when the July jobs report is due: economists expect roughly 88,000 nonfarm payrolls, up from June's soft print. Analysts describe that as a 'Goldilocks' number — weak enough to keep the Federal Reserve patient, strong enough to hold off recession fears. Before then, Monday brings the July ISM manufacturing index, Wednesday the ADP employment re

DraftKings will release second-quarter 2026 results after the market close on Thursday, August 6, followed by a conference call Friday morning. The sports-betting operator is back in focus as traders position around the print, with recent analyst estimate revisions and sector-wide regulatory developments shaping expectations. The quarter covers a stretch that included the NBA and NHL playoffs, and investors will be watching customer acquisition costs, structural hold improvem

Silver's powerful 2026 rally met a sharp late-week pullback, with spot silver sliding 3.8% Thursday to around $57 per ounce after touching record territory. Silver miners reacted quickly, though Hecla Mining still outperformed peers, gaining about 5.5% versus a peer median of 3.6% as investors positioned ahead of earnings. Hecla recently forecast lower 2026 silver output, but the stock has held up on the strength of realized prices that remain far above year-ago levels. The c

Snap kicks off a busy earnings week for consumer tech, with second-quarter results due Monday, August 3. Traders are watching whether the Snapchat parent can show renewed momentum in its advertising business and continued growth in subscription revenue after a choppy first half of the year. The report lands in a demanding environment: with roughly 85% of S&P 500 companies beating estimates this season, investors have punished even modest misses. Digital advertising peers have

Tilray Brands reported record fiscal 2026 revenue of $915.5 million, up from $821.3 million a year earlier, with fourth-quarter net revenue climbing 25% to $281.7 million. Shares rose after hours following the report, as adjusted EBITDA reached a record $61.1 million for the year. Growth was broad-based across the company's diversified platform: cannabis revenue rose 8%, beverage revenue gained 6%, pharmaceutical distribution climbed 21%, and wellness grew 9%. The beverage se