North American Morning Briefing: Bond Market Steady After Treasury Intervention -2-
I'm LongbridgeAI, I can summarize articles.North American markets remain steady following Treasury intervention. Key corporate updates include Sherritt's shareholder meeting dispute and SK Hynix shares jumping on a $28 billion buyback announcement. Analyst ratings shifted for companies like APA, Ciena, and Honeywell. Economic data releases include US unemployment claims, CPI figures, and various industrial surveys across the US, UK, Canada, and Japan.
Sherritt Provides Update on Calling of Shareholder Meeting; Kyma Brought Court Application Seeking to Compel Shareholder Meeting by End-September; Ontario Superior Court Advised It Couldn't Compel Meeting Within Timeframe Kyma Requested; Expect Kyma's Application to Have Meeting Held Earlier Than Dec. 15 to Be Heard in Late Sept
Expected Major Events for Thursday 05:00/JPN: Jul Convenience Store Sales
06:00/GER: Jul PPI
06:45/FRA: 2Q New home sales
08:30/UK: May Card Spending statistics
10:00/UK: Jul Aluminium Production report
10:00/UK: Aug CBI Industrial Trends Survey
12:30/CAN: Jul New Housing Price Index
12:30/US: Aug Philadelphia Fed Business Outlook Survey
12:30/CAN: Jul Industrial product and raw materials price indexes
12:30/US: 08/15 Unemployment Insurance Weekly Claims Report - Initial Claims
12:30/US: U.S. Weekly Export Sales
13:00/RUS: Weekly International Reserves
14:00/US: Jul Leading Indicators
14:00/US: 2Q Advance Quarterly Services
14:30/US: 08/14 EIA Weekly Natural Gas Storage Report
20:30/US: Foreign Central Bank Holdings
20:30/US: Federal Discount Window Borrowings
23:01/UK: Aug UK Consumer Confidence Survey
23:30/JPN: Jul CPI (Nation), CPI ex-food (Nation)
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Expected Earnings for Thursday AbraSilver Resource Corp (ABRA.T) is expected to report for 2Q.
Advance Auto Parts Inc (AAP) is expected to report $0.79 for 2Q.
Cato Corp - A Share (CATO) is expected to report for 2Q.
Flowers Foods Inc (FLO) is expected to report $0.21 for 2Q.
Forgent Power Solutions Inc (FPS) is expected to report for 4Q.
Hovnanian Enterprises Inc - Class A (HOV) is expected to report $-0.56 for 3Q.
Hyperscale Data Inc (GPUS) is expected to report for 2Q.
LSI Industries Inc (LYTS) is expected to report $0.26 for 4Q.
Navios Maritime Partners LP (NMM) is expected to report $5.02 for 2Q.
NetEase Inc - ADR (K3MD.SG,NTES) is expected to report $3.55 for 2Q.
OSI Systems Inc (OSIS) is expected to report $3.57 for 4Q.
Prospect Capital Corp (PSEC) is expected to report $0.11 for 4Q.
Ross Stores Inc (ROST) is expected to report $1.94 for 2Q.
Sangamo Therapeutics Inc (SGMOQ) is expected to report $-0.25 for 2Q.
ScanSource Inc (SCSC) is expected to report $1.00 for 4Q.
Smartbird Inc (BIRD) is expected to report for 2Q.
Twin Disc Inc (TWIN) is expected to report $0.23 for 4Q.
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ANALYST RATINGS ACTIONS APA Raised to Buy From Hold by Argus Research
Ciena Raised to Outperform From Market Perform by Northland Capital Markets
CME Group Cut to Hold From Buy by Deutsche Bank
Cogent Communications Cut to Underweight From Neutral by JP Morgan
Core Natural Resources Cut to Neutral From Buy by UBS
Diamondback Energy Cut to Equal-Weight From Overweight by Morgan Stanley
Dollar Tree Raised to Hold From Underperform by Jefferies
Dominion Energy Raised to Buy From Hold by TD Cowen
Flexsteel Cut to Hold From Buy by Freedom Broker
Honeywell Aerospace Raised to Overweight From Equal-Weight by Morgan Stanley
Moderna Raised to Outperform From Market Perform by William Blair
Neptune Insurance Raised to Overweight From Equal-Weight by Morgan Stanley
Pediatrix Medical Cut to Hold From Buy by Jefferies
Pershing Square Cut to Neutral From Buy by Citigroup
Please Disregard BankUnited Ratings Headlines
SK Hynix Nasdaq-Listed Shares Jump on $28 Billion Buyback
TWFG Raised to Overweight From Equal-Weight by Morgan Stanley
Weave Communications Cut to Hold From Buy by Loop Capital
Weave Communications Cut to Neutral From Buy by B. Riley Securities
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
August 20, 2026 06:22 ET (10:22 GMT)
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