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SiteOne Landscape Supply (SITE) has an average rating of overweight and mean price target of $170.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $134.58, Change: $-0.03, Percent Change: -0.02%
Price: $316.59, Change: $+0.22, Percent Change: +0.07%
US consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher.The consumer price index advanced 0.9% last month, its strongest pace of growth since June 2022, the Bureau of Labor Statistics reported Friday. The latest print met a Bloomberg-polled consensus view. Prices rose 0.3% in February.Annually, inflation grew to 3.3% from February's 2.4% rise, falling short of Wall Street's 3.4% projection."The fallout of the US/Israel-Iran war was evident in the March consumer price index," Oxford Economics Lead US Economist Bernard Yaros said in remarks emailed to.Earlier in the week, the US and Iran agreed to a two-week ceasefire. The war, which began at the end of February, spread across the Middle East and curtailed shipments through the crucial Strait of Hormuz, driving energy prices sharply higher.Energy price growth jumped about 11% sequentially in March, led by a 21% surge in gasoline, accounting for nearly three quarters of the headline increase, official data showed. Fuel oil prices rallied 31%.The energy index climbed around 13% year-on-year.Yaros cautioned that the next CPI print will be "uncomfortably strong" as pump prices continue to rise."A statistical quirk associated with the government shutdown will unwind, adding another unusual source of upward pressure to the April CPI," Yaros said. "Also, the energy price shock will increasingly bleed into food and other core prices."Monthly food prices were flat, while the measure advanced 2.7% annually, official data showed.Core inflation, which excludes the volatile food and energy components, accelerated to 2.6% annually in March from February's 2.5%, trailing the market's view for a 2.7% increase. The metric held steady at 0.2% sequentially, while the Street was looking for growth to speed up to 0.3%."While core prices came in a bit softer than expected, it feels a bit backward looking as the surge in energy costs are likely to pressure prices for other goods and services higher in the months ahead," TD Economics Senior Economist Thomas Feltmate said in a note. "This will be happening alongside the continued pass-through of higher tariff costs, suggesting inflation's near-term direction of travel is likely to be higher."On Thursday, government data showed that US inflation, as measured by personal consumption expenditure, accelerated sequentially in February, although the Federal Reserve's preferred core inflation metric held steady."The (Fed) will look past the energy supply shock as a onetime boost to inflation and will watch for any weakening in the job market," Yaros said Friday. "As long as long-run inflation expectations remain well anchored, we still think the Fed will step in later this year and cut interest rates twice to shore up the labor market in the face of this energy supply shock."Markets widely expect the central bank to keep its benchmark lending rate unchanged later this month, according to the CME FedWatch tool.
Millicom International Cellular (TIGO) said Friday it has entered into a long-term commercial agreement with Trans Americas Fiber System to expand its international network infrastructure and resilience across Central America."We are excited to announce our strategic involvement in TAM-1, part of the Trans Americas Fiber System," said Alejandro Guerrero, VP of Strategic Operations & Wholesale Solutions."This platform will link North, Central, and South America as well as the Caribbean in one unified, high-capacity platform that replaces aging infrastructure and meets the growing demand for bandwidth," Guerrero added.The TAM-1 system is a subsea fiber optic network spanning about 7,000 kilometers, the company said.Price: $84.30, Change: $+1.52, Percent Change: +1.83%
Broadcom (AVGO) has an average rating of buy and mean price target of $471.75, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $373.63, Change: $+18.72, Percent Change: +5.27%
Chevron (CVX) has an average rating of overweight and mean price target of $208.54, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $187.30, Change: $-3.06, Percent Change: -1.61%
Applied Materials (AMAT) has an average rating of Buy and mean price target of $423.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $404.65, Change: $+6.83, Percent Change: +1.72%
Microsoft (MSFT) has an average rating of buy and mean price target of $585.02, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $372.92, Change: $-0.15, Percent Change: -0.04%
BeOne Medicines (ONC) said Friday that China's National Medical Products Administration has given conditional marketing approval to tarlatamab for adult patients with extensive-stage small cell lung cancer, who have failed at least two prior lines of systemic chemotherapy.Approval for tarlatamab, which has been developed and commercialized in mainland China in collaboration with Amgen (AMGN), was based on two clinical trials that met their primary endpoints of tarlatamab achieving an objective response rate of 40% and a median duration of response of 9.7 months, BeOne Medicines said, according to a Google translation.Price: $314.16, Change: $+0.74, Percent Change: +0.24%
Russia's Black Sea port of Novorossiysk has partially resumed oil and fuel loadings from its Sheskharis terminal late on Thursday, after operations were suspended earlier this week following a drone attack, Reuters reported on Friday, citing sources familiar with the matter.The Sheskharis terminal, which has a loading capacity of about 700,000 barrels per day of crude oil, reportedly halted shipments on Monday after a Ukrainian drone strike sparked fires at a fuel facility and damaged several berths.Oil tanker loadings have now resumed from a single berth, with one cargo of around 80,000 tonnes expected to depart on Friday.The report said the port's loading schedule would likely remain reduced in the near term, with no clear timeline for a full return to normal operations.Fuel oil loadings at Novorossiysk also resumed on Thursday, it said, adding that a diesel cargo was shipped from the port earlier this week.Russian regulatory agency and infrastructure manager, Federal State Unitary Enterprise Rosmorport, did not immediately respond to a request for comment from.
Lazard (LAZ) has an average rating of hold and mean price target of $51.75, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $45.73, Change: $-0.25, Percent Change: -0.54%
Moelis (MC) has an average rating of hold and mean price target of $70.10, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $62.41, Change: $-0.36, Percent Change: -0.57%
An oil spill at Antwerp's Deurganckdock has disrupted operations, closing key terminals and halting traffic, with cleanup ongoing, Port of Antwerp-Bruges said Friday.The spill began during a bunkering operation, with the source quickly contained, though oil spread overnight into the Scheldt, impacting vessels and disrupting port operations.Located along the Scheldt river, the Deurganck Dock remains closed even as broader river traffic resumes, the port authority said.Authorities are focusing on clearing contamination before restoring full access to the dock and surrounding terminals, according to the Port of Antwerp.Specialized vessels are actively removing oil across affected zones, including the Noordzee and Europaterminal areas, as authorities work to limit delays and safely restart operations at critical infrastructure, the port authority added.Authorities are also monitoring riverbanks and nearby natural habitats alongside Civil Protection and regional agencies, focusing on limiting environmental damage and cleaning sensitive zones impacted by the spill, it added.Earlier, shipping traffic was halted between key points on the Scheldt, while major locks were shut due to oil presence, leaving the port temporarily inaccessible and impacting inland and seagoing vessels, according to the port authority.One of Europe's largest port hubs, Antwerp hosts major refineries run by Exxon Mobil (XOM) and TotalEnergies (TTE).has separately reached out to Exxon Mobil and TotalEnergies for any comments.Price: $152.95, Change: $-2.09, Percent Change: -1.35%
Trulieve Cannabis (TRUL.CN) on Friday announced the opening of a new medical cannabis dispensary in Lutz, Florida, on April 11.The company said that the new dispensary will carry a "wide variety of popular products" including Trulieve's portfolio of in-house brands such as Cultivar Collection, Modern Flower, Momenta, Roll One, and Sweet Talk.In a statement the company noted that customers will also have access to "beloved partner brands" such as Alien Labs, Bellamy Brothers, Binske, Black Tuna, Blue River, Connected Cannabis, DeLisioso, Khalifa Kush, Love's Oven, Miami Mango, Seed Junky, and Sunshine Cannabis, all available exclusively at Trulieve in Florida."Providing high-quality products in a welcoming environment is central to our mission," said Trulieve's Chief Executive Officer Kim Rivers. "We are thrilled to offer patients in Hillsborough County convenient and compassionate care as part of their wellness journey."Shares of the company were last seen unchanged at $8.87 on the Canadian Securities Exchange.Price: $8.91, Change: $+0.04, Percent Change: +0.45%
New orders for US factory goods were roughly flat in February, compared with expectations for a 0.2% decrease in a survey compiled by Bloomberg as of 7:30 am ET following a flat reading in the previous month.Excluding a 5.3% drop in transportation orders, new orders would have been up 1.2% after a 0.5% gain in January, well above the expectations for a 0.4% gain.Durable goods new orders were revised up to a 1.3% decline from the advance estimate of a 1.4% decline and follows a 0.4% decrease in January.Nondurable goods new orders increased by 1.5% after a 0.5% increase in the previous month.Factory unfilled orders were up 0.1%, as were factory inventories.Factory shipments rose by 1.4% and when combined with already-published advance estimates for retail and wholesale sales, shows business sales on pace for a 1.7% gain in the month.
Ukrainian President Volodymyr Zelenskyy said the country has made significant progress in restoring the Druzhba oil pipeline, with repairs expected to be completed in spring, Reuters reported Friday, citing remarks released by his office.Ukraine will complete that as agreed and aim to finish the work by spring, Zelenskyy said, adding that much of the work has already been completed, but repairs to destroyed storage tanks have taken longer, the report said.Ukraine has been accused by Hungary and Slovakia of trying to delay pipeline repairs, a claim Kyiv has denied.Both countries have lost access to deliveries of Russian oil through the pipeline since late January, when the pipeline became a target of a Russian drone strike in western Ukraine, the report said. Hungary and Slovakia have had a close political and energy relationship with Russia since the latter's invasion of Ukraine.Hungary has opposed a 90-billion-euro ($103 billion) European Union loan to Ukraine until pipeline flows are resumed, the report added.has reached out to Ukraine's Energy Ministry for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The Middle East conflict is disrupting solar project execution and delaying the development of alternative manufacturing hubs, tightening global supply chains, and reintroducing cost pressures, Wood Mackenzie strategists said in a note on Friday.Yana Hryshko, senior research analyst and Head of Global Solar Supply Chain at Wood Mackenzie, said that the near-term impact is being felt across projects under construction in the region, where about 110 gigawatts of solar capacity is under execution or advanced stages of development.Developers and engineering, procurement, and construction contractors are delaying shipments, adjusting delivery schedules, and reassessing procurement timelines as uncertainty grows around logistics and transport routes.Rising risks along key maritime corridors have driven up freight rates and insurance costs, pushing regional project capital expenditure higher by an estimated 1-3%, while commissioning timelines in some cases are being delayed by several months.Hryshko said the disruption is spilling into global markets. Shipping costs from China to Europe have climbed since the onset of the conflict, rising by about 18% on routes to Rotterdam and about 10% to Southern Europe.Developers are absorbing these increases, reversing expectations of continued cost declines across the solar sector.Though the short-term effects are significant, Wood Mackenzie analysts say the longer-term implications could be more profound.The Middle East had been emerging as a potential solar manufacturing hub, supported by low-cost energy, favorable industrial policies, and proximity to key markets.Wood Mackenzie announced that manufacturing capacity across modules, cells, and upstream segments exceeded 30 GW, with ambitions to supply both domestic and export demand.However, the ongoing conflict is delaying project timelines, deferring investment decisions, and shifting focus toward operational resilience.The slowdown extends beyond module assembly to critical supporting components such as solar glass, aluminum frames, and mounting structures, which are essential for building competitive local supply chains.Wood Mackenzie projected that global supply chain diversification is likely to stall as a result. Instead of accelerating the development of alternative manufacturing bases, the disruption is reinforcing reliance on established supply chains, particularly in China, where scale and cost advantages remain unmatched.Similarly, vulnerabilities in upstream supply are becoming more apparent in the US. Though US module assembly capacity is projected to reach 50-60 GW by 2026, domestic solar cell production remains limited, leaving manufacturers dependent on imports.Wood Mackenzie said a significant portion of this supply comes from regions now exposed to elevated geopolitical risk, including Oman and Ethiopia.The consultancy projected that the US could lose 20-25% of its external cell supply if disruptions materialize, potentially driving cell prices higher by $0.2 to $ 0.4 per watt and affecting project economics and expansion plans.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Ahead of AMZN's Q1 print, we trim our 12-month target to $285 from $296, 30x our 2027 EPS of $9.48 (was $9.87; 2026 to $7.60 from $8.00). While this remains a premium to the ~25x peer average, it implies a three-year PEG of 1.5x vs. 2.0x for peers. Our revised estimates reflect elevated AI investment, with total net capex likely rising 50%+ to roughly $200B (~60% three-year CAGR), with a large portion of these investments monetized in 2027/2028. At this scale of spend, alongside strong demand for AMZN's in-house chips (Trainium2 largely sold out; Trainium3 nearly fully subscribed), strong AWS backlog figures, and expanding power capacity, we have high conviction that AWS growth can accelerate from ~20% in 2025 to the high-20% range in 2026 and the mid-30% range in 2027. Elsewhere, we expect continued retail margin expansion, driven by improved fulfillment efficiencies and strength in high-margin digital ads. Profit growth should improve in 2H 2026 as Amazon Leo costs move from the P&L to the balance sheet.
The University of Michigan's preliminary consumer sentiment index fell to 47.6 in April from 53.3 in March, much lower than expectations for an increase to 51.5 in a survey compiled by Bloomberg.The current conditions index decreased to 50.1 in April from 55.8 in March, while the expectations reading fell to 46.1 from 51.7."Demographic groups across age, income, and political party all posted setbacks in sentiment, as did every component of the index, reflecting the widespread nature of this month's fall," said Michigan, adding that consumers cite the Iran conflict for unfavorable changes to the economy.Respondents saw one-year inflation expectations at 4.8%, up sharply from 3.8% in March, while five-year inflation expectations increased to 3.4% from 3.2%.The twice-monthly Michigan Sentiment index measures consumer sentiment early in the current month (the preliminary estimate) and is then revised later in the month (the final estimate). The headline index is a combination of the current assessment and expectations for the near future.An increase in the reading suggests consumers are more confident, a positive for stocks if that confidence translates into spending. Increased demand is usually inflationary, a negative for bonds.
(Updates with Meta Platforms' response in the third paragraph.)Meta Platforms (META) is reassigning its top engineers from other departments to its new applied artificial intelligence engineering division to drive the competitiveness of its AI models, The Information reported Thursday, citing a company memo.According to the news outlet, Meta vice president Maher Saba said in the memo that the transfers are not optional and the initiative is among the company's highest priorities as it would allow it to "compete in the AI race."Meta Platforms declined to comment when reached by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $631.33, Change: $+2.94, Percent Change: +0.47%