North American Morning Briefing: Stock Futures Drop as Chip Selloff Deepens -2-
I'm LongbridgeAI, I can summarize articles.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.
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
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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.
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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)
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