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Sector Update: Health Care Stocks Softer Late Afternoon

Health care stocks fell late Monday afternoon with the NYSE Health Care Index easing 0.2% and the State Street Health Care Select Sector SPDR ETF (XLV) losing 0.3%.The iShares Biotechnology ETF (IBB) shed 0.4%.In corporate news, Eli Lilly (LLY) agreed to acquire Ajax Therapeutics for up to $2.3 billion in cash. The deal includes an upfront payment and subsequent payouts based on the achievement of clinical and regulatory milestones. Lilly shares fell 1.6%.HCA Healthcare (HCA) may face pressure through at least H1 as investors rotate toward managed care, although better trends in March and in-line exchange dynamics support the longer-term outlook, RBC Capital Markets said. HCA Healthcare shares rose 3.2%.Organon (OGN) shares jumped 17% after the company agreed to be acquired by India's Sun Pharmaceutical Industries for $14 a share in cash, valuing the company at $11.75 billion.Moderna (MRNA) is facing a patent infringement lawsuit from CureVac, which alleged that Moderna's COVID-19 vaccine Spikevax used its proprietary mRNA technology without authorization, Reuters reported Saturday. Moderna shares fell 4.7%.

$HCA$LLY$MRNA$OGN

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Monday afternoon, with the NYSE Energy Sector Index fractionally higher and the State Street Energy Select Sector SPDR ETF (XLE) little changed.The Philadelphia Oil Service Sector Index was adding 0.9%, and the Dow Jones US Utilities Index increased 0.1%.Front-month West Texas Intermediate crude oil rose 2% to $96.31 a barrel, and the global benchmark Brent crude contract advanced 2.5% to $107.98 a barrel. Henry Hub natural gas futures added 1.2% to $2.55 per 1 million BTU.In corporate news, US Energy (USEG) shares jumped 20% after it said Monday it has signed a five-year helium sales agreement with an unnamed investment-grade global industrial gas company, securing long-term contracted cash flow for its Big Sky Carbon Hub project in Montana ahead of targeted Q1 2027 operations.Shell (SHEL) agreed to buy Canadian energy company ARC Resources in a cash-and-stock deal with an enterprise value of $16.4 billion, as the oil and gas giant looks to increase its exposure to low-cost shale gas and liquids production in Canada's Montney basin. Shell shares were down 2.4%.The UK's Seagreen wind farm, which is 25.5%-owned by TotalEnergies (TTE), has delayed a fixed-price government contract, preferring to sell electricity at higher market rates, Bloomberg reported Monday, citing data that it compiled. TotalEnergies shares were decreasing 0.7%.Greenland Energy (GLND) said Monday it has signed an agreement with Halliburton (HAL) for integrated consulting services and logistical management related to the planning and transportation of equipment and services. Greenland shares were down 12%, and Halliburton shed 0.5%.

$GLND$HAL$SHEL$TTE$USEG

Oil & Energy3d ago

Middle East Conflict Hits LNG Output, Asia Bears Brunt of Supply Shock, Rystad Says

The Middle East conflict has upended global LNG fundamentals, wiping out a significant share of Qatari output and triggering a prolonged reassessment of gas balances across Asia and Europe, Rystad Energy strategists said in a report Monday.Rystad analysts said March marked the end of a 12-month streak of year-over-year LNG production growth, as strikes on key infrastructure in Qatar curtailed an estimated 17% of the country's liquefaction capacity for three to five years.Though rising output from the US and other producers limited month-over-month global losses to under 2 million tons, the analysts said the longer-term impact is far more severe.Rystad now projects total supply losses of 32-40 million tons in 2026, with downside risk up to 68 million tons, if disruptions in the Strait of Hormuz persist or worsen.A limited restart of Qatari operations in mid-April has done little to shift the broader outlook, given the scale of infrastructure damage and uncertainty over maritime flows through Hormuz.Asia has borne the immediate brunt of the disruption, Rystad analysts said. With about 83% of interrupted cargoes traditionally flowing to the region, import-dependent economies have been forced to make rapid demand adjustments.South Asia saw LNG imports fall 18% y-o-y amid price sensitivity and substitution effects, while even affluent East Asian buyers cut imports by about 15%, a sharper-than-expected 2.5 million ton decline.Rystad said the squeeze has rippled through fuel markets, with coal burn rising again in the Pacific Basin and lifting regional prices by 45% y-on-y as governments and utilities seek cheaper alternatives.China has not been immune. Supported by a robust domestic supply, the country's LNG import forecast for 2026 has been revised down to 70.6 million tons, reflecting both weaker marginal demand and structural shifts in procurement strategy.Europe, in contrast, has so far avoided visible stress beyond elevated benchmark prices at the Title Transfer Facility.LNG imports were broadly flat month-over-month and year-over-year, helped by resilient US flows and mild weather that has curbed gas burn, while supporting modest storage injections alongside strong renewable generation.However, Rystad said that Europe's apparent stability may be temporary. The consultancy said competition for US cargoes is likely to intensify as Middle Eastern supply remains constrained, while pipeline capacity constraints limit Europe's ability to substitute for alternative flows."Stable March supply could lull the continent into a false sense of security," the report said, adding that Europe may ultimately face a choice between lower storage heading into winter or reduced gas consumption.Rystad projected that the Middle East conflict is set to reshape LNG markets through 2030, with structural losses from damaged Qatari facilities and delays to major projects, including Qatar's North Field Expansion and the Ruwais LNG project, tightening global supply.Higher prices in Europe and Asia are expected, while elevated oil prices could put downward pressure on US Henry Hub benchmarks.

Australia3d ago

S&P 500 Companies' Quarterly Profit Growth Eases, But Remains Well Above Expectations, Oppenheimer Says

S&P 500 companies' quarterly earnings growth decelerated compared with figures from a week ago, but remained well ahead of expectations, Oppenheimer Asset Management's data showed Monday.Some 28% of companies in the benchmark equity index have reported results in the latest cycle, with earnings up about 25% from a year earlier and revenue growing 10%. Last week's report by the brokerage showed profit growth of 32% and sales increase of 13%, based on financials reported by 9% of the index constituents.Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to Oppenheimer."The quarter appears to be off to a strong start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said, noting that earnings growth reported by 79% of the firms that have released their quarterly results exceeded analyst estimates.Among sectors, materials and technology outperformed in terms of earnings, with profit roughly doubling year over year. Tech led the chart for revenue growth, with a nearly 30% increase, followed by real estate's 14% jump.This week, a busier earnings calendar has 179 S&P companies releasing their quarterly financials, according to Oppenheimer. Among the big-cap companies reporting this week are five of the so-called Magnificent 7 stocks; Alphabet (GOOG, GOOGL), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Meta Platforms (META).Visa (V), Coca-Cola (KO), T-Mobile US (TMUS), and Eli Lilly (LLY) also report this week.On Friday, the S&P 500 and the Nasdaq Composite hit all-time peaks as tech stocks rallied, ahead of a second round of US-Iran peace talks. The two sides, however, didn't have direct negotiations in Pakistan over the weekend."Resolution to the conflict in our view persists as a potential negative overhang to market performance on a day-to-day basis tied to news flows from the front, developments in negotiations taking place and supply chain disruptions that carry inflation risks," Stoltzfus said. "That said, stocks are showing thus far an appreciation for fundamentals that matter to revenue and profit growth."Price: $349.73, Change: $+7.41, Percent Change: +2.16%

$AAPL$AMZN$GOOG$GOOL$KO$LLY$META$MSFT$TMUS$V

Financial News · Live Terminal

Sector Update: Health Care Stocks Softer Late Afternoon

Sector Update: Energy Stocks Mixed Late Afternoon

Sector Update: Health Care Stocks Softer Late Afternoon

Sector Update: Energy Stocks Mixed Late Afternoon

Update: Oil Prices Rise Amid US-Iran Stalemate

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Sector Update: Tech Stocks Slide Late Afternoon

Globe Life Insider Sold Shares Worth $555,168, According to a Recent SEC Filing

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Middle East Conflict Hits LNG Output, Asia Bears Brunt of Supply Shock, Rystad Says

S&P 500 Companies' Quarterly Profit Growth Eases, But Remains Well Above Expectations, Oppenheimer Says

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Sector Update: Consumer Stocks Fall Late Afternoon

Airline Capacity Deployment Slowdown Amid High Fuel Prices Could Hit Aircraft Lessors, Deutsche Bank Says

Sector Update: Financial

Sector Update: Energy

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Sector Update: Health Care

Sector Update: Tech

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