---
title: "North American Morning Briefing: Stock Futures Drop as Chip Selloff Deepens -2-"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293021891.md"
description: "North American stock futures dropped amid a deepening chip selloff. Corporate updates include CES Energy renewing its issuer bid, D2L obtaining exemptive relief, and Molson Coors raising dividends. Analyst ratings shifted for companies like AeroVironment (raised to Outperform) and American Electric Power (cut to Neutral). Key economic data releases expected Friday include US housing starts, industrial production, and consumer sentiment surveys."
datetime: "2026-07-17T10:18:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293021891.md)
  - [en](https://longbridge.com/en/news/293021891.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293021891.md)
generator: "portal-rs"
---

# North American Morning Briefing: Stock Futures Drop as Chip Selloff Deepens -2-

CES Energy Solutions Announces Renewal of Normal Course Issuer Bid; May Purchase Up to 18.9M Common Shrs

D2L Inc. Announces Exemptive Relief From the Ontario Securities Commission in Connection With Substantial Issuer Bid 

Lundin Mining Sees Unaudited Provisional Pricing Adjustments on Prior Period Concentrate Sales Helping 2Q Revenue by $79M; Sees Unaudited Realized Losses on Gold Collar Contracts Impacting 2Q Results by $12M 

Molson Coors Canada Raises Quarterly Dividend to C$0.67 Vs. C$0.65 

Westshore Terminals Subsidiary Westshore Terminals LP, EVR Operations Renew Terminal Services Agreement 

Expected Major Events for Friday 

08:30/UK: Jun Monthly Insolvency statistics 

09:00/ITA: May Balance of Payments 

12:30/US: Jun Import & Export Price Indexes 

12:30/CAN: May International transactions in securities 

12:30/US: Jun New Residential Construction - Housing Starts and Building Permits 

13:15/US: Jun Industrial Production and Capacity Utilization 

14:00/US: Jul University of Michigan Survey of Consumers - preliminary 

All times in GMT. Powered by Onclusive and Dow Jones. 

Expected Earnings for Friday 

Avalon Advanced Materials Inc (AVL.T) is expected to report for 3Q. 

Chino Commercial Bancorp (CCBC) is expected to report for 2Q. 

Fifth Third Bancorp (FITB) is expected to report $0.84 for 2Q. 

Investar Holding Corp (ISTR) is expected to report $0.66 for 2Q. 

MetroCity Bankshares Inc (MCBS) is expected to report $0.82 for 2Q. 

Regions Financial Corp (RF) is expected to report $0.61 for 2Q. 

Republic Bancorp Inc (Kentucky) - Class A (RBCAA) is expected to report $1.55 for 2Q. 

South Plains Financial Inc (SPFI) is expected to report $0.82 for 2Q. 

The Travelers Cos Inc (TRV) is expected to report $4.92 for 2Q. 

Truist Financial Corp (TFC) is expected to report $1.08 for 2Q. 

Powered by Onclusive and Dow Jones. 

ANALYST RATINGS ACTIONS 

AeroVironment Raised to Outperform From Market Perform by Raymond James 

American Electric Power Cut to Neutral From Buy by Goldman Sachs 

ATAI Life Sciences Cut to Hold From Buy by Canaccord Genuity 

ATAI Life Sciences Cut to Hold From Buy by Maxim Group 

ATAI Life Sciences Cut to Hold From Buy by Needham 

Black Rock Coffee Bar Cut to Equal-Weight From Overweight by Morgan Stanley 

BlackRock Raised to Overweight From Neutral by JP Morgan 

Cinemark Cut to Equal-Weight From Overweight by Wells Fargo 

Cintas Raised to Buy From Neutral by B of A Securities 

Claros Mortgage Trust Cut to Neutral From Buy by UBS 

Etsy Cut to Neutral From Buy by BTIG 

Granite Point Mortgage Cut to Neutral From Buy by UBS 

Intellia Therapeutics Cut to Underperform From Peer Perform by Wolfe Research 

Ionis Pharmaceuticals Cut to Peer Perform From Outperform by Wolfe Research 

PayPal Holdings Raised to Equal-Weight From Underweight by Barclays 

Rocket Cos. Raised to Overweight From Equal-Weight by Morgan Stanley 

UnitedHealth Raised to Neutral From Underperform by Baird 

WR Berkley Cut to Underperform From Neutral by B of A Securities 

This article is a text version of a Wall Street Journal newsletter published earlier today. 

(END) Dow Jones Newswires

July 17, 2026 06:11 ET (10:11 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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- [These Analysts Boost Their Forecasts On AeroVironment Following Upbeat Q1 Results](https://longbridge.com/en/news/298613605.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**