---
title: "North American Morning Briefing: Nasdaq Futures Slip Ahead of SK Hynix Debut -2-"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292307547.md"
description: "North American markets open with Nasdaq futures slipping ahead of SK Hynix's debut. Key corporate updates include Sandfire Resources releasing an updated prefeasibility study for Black Butte, Sigma Lithium exceeding Q2 production guidance, and VerticalScope securing a strategic investment in AltaML. Analyst ratings saw mixed actions, including upgrades for AIG, American Tower, and Citigroup-raised Knight-Swift, while RBC Capital downgraded AeroVironment and Bio-Techne. Friday's economic calendar features CPI data from Germany and France, US WASDE reports, and earnings from Delta Air Lines."
datetime: "2026-07-10T10:28:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292307547.md)
  - [en](https://longbridge.com/en/news/292307547.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292307547.md)
generator: "portal-rs"
---

# North American Morning Briefing: Nasdaq Futures Slip Ahead of SK Hynix Debut -2-

Sandfire Resources Study Incorporates Updated Mineral Resource, Maiden Lowry Reserve; Continues to Assess Project's Strategic Fit in Portfolio; Updated Prefeasibility Study Released For Black Butte

Sigma Lithium Produced 35,000 Tonnes of Lithium Oxide Concentrate in 2Q, Compared With Guidance of 33,000 Tonnes 

Velan 1Q Sales $57.8M; 1Q Loss/Shr 44c; 1Q Net Loss $9.44M; 1Q Sales $57.8M; 1Q Gross Margin 19.6%; 1Q Gross Profit $11.4M 

VerticalScope Announces Strategic Investment in AltaML 

Expected Major Events for Friday 

06:00/GER: Jun CPI 

06:45/FRA: Jun CPI 

08:00/ITA: May Industrial Production 

08:00/FRA: Jul IEA Oil Market Report 

12:30/CAN: Jun Labour Force Survey 

12:30/CAN: May Building permits 

16:00/US: World Agricultural Supply & Demand Estimates (WASDE) 

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

Expected Earnings for Friday 

Art's Way Manufacturing Co (ARTW) is expected to report for 2Q. 

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

Delta Air Lines Inc (DAL) is expected to report $1.54 for 2Q. 

MTY Food Group Inc (MTY.T) is expected to report $0.96 for 2Q. 

Powered by Onclusive and Dow Jones. 

ANALYST RATINGS ACTIONS 

AeroVironment Cut to Sector Perform From Outperform by RBC Capital 

AIG Raised to Overweight From Neutral by Cantor Fitzgerald 

American Tower REIT Raised to Outperform From Peer Perform by Wolfe Research 

Bio-Techne Cut to Sector Perform From Outperform by RBC Capital 

Caesars Entertainment Cut to Equal-Weight From Overweight by Barclays 

Cinemark Raised to Neutral From Sell by Goldman Sachs 

Correction to AT&T US Rating 

Correction to T-Mobile US Rating 

Ducommun Cut to Sector Perform From Outperform by RBC Capital 

First Citizens Bancshares Cut to Market Perform From Outperform by Keefe, Bruyette & Woods 

Five Below Raised to Outperform From Neutral by Mizuho 

Goldman Sachs BDC Cut to Underperform From Neutral by B of A Securities 

Graco Cut to Peer Perform From Outperform by Wolfe Research 

Granite Construction Cut to Sell From Neutral by Goldman Sachs 

ITT Inc Raised to Outperform From Peer Perform by Wolfe Research 

Kaiser Aluminum Cut to Underweight From Equal-Weight by Wells Fargo 

Knight-Swift Transport Raised to Buy From Neutral by Citigroup 

Mattel Cut to Sell From Neutral by Goldman Sachs 

MSG Entertainment Cut to Neutral From Buy by Goldman Sachs 

Old Dominion Freight Raised to Neutral From Sell by Citigroup 

Packaging Corp of America Cut to Equal-Weight From Overweight by Wells Fargo 

Redwood Trust Raised to Outperform From Market Perform by Keefe, Bruyette & Woods 

Saia Raised to Buy From Neutral by Citigroup 

Salesforce Cut to Sector Weight From Overweight by Keybanc 

Sarepta Therapeutics Raised to Outperform From Peer Perform by Wolfe Research 

Solstice Advanced Mat Raised to Buy From Hold by Truist Securities 

The Bancorp Raised to Outperform From Market Perform by Keefe, Bruyette & Woods 

Toast Raised to Buy From Neutral by Goldman Sachs 

Tractor Supply Cut to Neutral From Outperform by Mizuho 

U.S. Airlines to Show Steady Growth, Primed for Big Gains Ahead -- Earnings Preview 

WW Grainger Raised to Peer Perform From Underperform by Wolfe Research 

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

(END) Dow Jones Newswires

July 10, 2026 06:16 ET (10:16 GMT)

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

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**