North American Morning Briefing: Oil Hits One-Month High Ahead of Inflation Data, Warsh Testimony -2-

North American markets face key inflation data and Fed Warsh testimony. Gold Royalty acquired Nevada royalties; Osisko converted debentures. Major earnings include JPM, BAC, C, GS, WFC. Analyst ratings shifted: Biogen, Capital One raised to Buy; Papa John's cut to Underperform. Economic calendar features US CPI, NFIB, and UK growth tracker.

Gold Royalty Acquired Two Net Smelter Return Royalties in Nevada From Private Seller for US$0.8 M; To Release Second Quarter 2026 Results On August 5, 2026 And Announces Acquisition Of Additional Royalties

Mattr Sees 2Q Rev C$390M-C$400M

Osisko Metals Announces Conversion of Glencore Canada's US$25 M Convertible Debenture

Precision Drilling Alice Wong Has Advised the Co That She Will Step Down From the Bd of Directors, Effective Immediately

Vision Marine Technologies Delivers 27% Sequential Q3 Revenue Growth; 3Q Rev $18.4M

Expected Major Events for Tuesday

04:30/JPN: May Revised Industrial Production

06:00/GER: Jun WPI

10:00/US: Jun NFIB Index of Small Business Optimism

12:30/US: Jun CPI

12:30/US: Jun Real Earnings

12:55/US: 07/11 Johnson Redbook Retail Sales Index

20:00/US: May Treasury International Capital Data

20:30/US: API Weekly Statistical Bulletin

23:01/UK: Jun UK Nations and Regions Growth Tracker

23:50/JPN: May Orders Received for Machinery

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

Expected Earnings for Tuesday

Aehr Test Systems (AEHR) is expected to report for 4Q.

America's Car-Mart Inc (CRMT) is expected to report $-0.66 for 4Q.

AngioDynamics Inc (ANGO) is expected to report $-0.18 for 4Q.

Bank of America Corp (BAC) is expected to report $1.13 for 2Q.

Citigroup Inc (C) is expected to report $2.74 for 2Q.

Equity Bancshares Inc (EQBK) is expected to report $1.22 for 2Q.

Goldman Sachs Group Inc (GS) is expected to report $14.51 for 2Q.

JPMorgan Chase & Co (JPM) is expected to report $5.59 for 2Q.

Kestra Medical Technologies Ltd (KMTS) is expected to report for 4Q.

Park Aerospace Corp (PKE) is expected to report $0.14 for 1Q.

Scully Royalty Ltd (SRL) is expected to report for Full year.

Union Bankshares Inc (UNB) is expected to report for 2Q.

Unity Bancorp Inc (UNTY) is expected to report $1.43 for 2Q.

Wells Fargo & Co (WFC) is expected to report $1.72 for 2Q.

Winmark Corp (WINA) is expected to report $3.14 for 2Q.

ANALYST RATINGS ACTIONS

Ameris Bancorp Cut to Neutral From Overweight by Piper Sandler

Best Buy Cut to Hold From Buy by Loop Capital

Biogen Raised to Buy From Hold by Truist Securities

Capital One Raised to Buy From Hold by HSBC

Deckers Outdoor Raised to Buy From Hold by Jefferies

Humana Raised to Overweight From Equal-Weight by Wells Fargo

Keysight Technologies Raised to Overweight From Equal-Weight by Morgan Stanley

Kymera Therapeutics Cut to Sector Perform From Outperform by RBC Capital

Origin Bancorp Cut to Neutral From Overweight by Piper Sandler

Papa John's Cut to Underperform From Neutral by B of A Securities

Porch Group Cut to Market Perform From Outperform by Keefe, Bruyette & Woods

Q32 Bio Raised to Overweight From Equal-Weight by Wells Fargo

ResMed Cut to Neutral From Buy by Citigroup

Saia Raised to Buy From Neutral by B of A Securities

Sezzle Cut to Market Perform From Outperform by Keefe, Bruyette & Woods

Solstice Advanced Mat Raised to Buy From Neutral by UBS

Travelers Cut to Sell From Hold by TD Cowen

Verra Mobility Raised to Neutral From Underweight by JP Morgan

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

(END) Dow Jones Newswires

July 14, 2026 06:10 ET (10:10 GMT)