--- 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) --- # 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. ### Related Stocks - [TAP.US](https://longbridge.com/en/quote/TAP.US.md) - [AVAV.US](https://longbridge.com/en/quote/AVAV.US.md) - [AEP.US](https://longbridge.com/en/quote/AEP.US.md) - [AVXX.US](https://longbridge.com/en/quote/AVXX.US.md) ## Related News & Research - [Clarkston Capital Partners LLC Sells 2,686,230 Shares of Molson Coors Beverage Company $TAP](https://longbridge.com/en/news/293726166.md) - [Molson Coors Beverage (TAP) to Announce Earnings on Thursday](https://longbridge.com/en/news/294310325.md) - [What a Major Anthropic Chip Deal Really Means for AMD Stock](https://longbridge.com/en/news/293846559.md) - [These 2 ETFs Let You 2X Chip Stocks No Matter Which Direction They Head Next](https://longbridge.com/en/news/294379303.md) - [Clear Street Keeps Their Buy Rating on AeroVironment (AVAV)](https://longbridge.com/en/news/294058776.md)