Global oil benchmarks eased slightly on Friday as traders consolidated positions following a volatile week defined by escalating military tensions between the United States and Iran. Despite the intraday dip, crude futures remain on track for a weekly gain of up to $4 per barrel, fueled by the growing threat of supply disruptions in the Middle East.
Canadian equities climbed on Friday after the U.S. Supreme Court blocked President Trump’s use of emergency powers to levy broad tariffs, easing trade tensions ahead of the CUSMA review.
Spyre Therapeutics shares climbed nearly 10% on Friday after the biotechnology firm reported a fourth-quarter loss that was narrower than Wall Street expectations. The Waltham, Massachusetts-based company beat analyst estimates even as it remains in a pre-revenue stage, focusing instead on its upcoming clinical trial milestones.
TriSalus Life Sciences shares jumped 11% after the medical technology firm priced its underwritten public offering of 9.8 million shares at $4.10 each. The company expects the transaction, which is slated to close around Monday, to generate approximately $40 million in gross proceeds.
RingCentral Inc. shares surged to their highest level in a year on Friday after the cloud communications provider issued a 2024 revenue outlook that outpaced Wall Street estimates. The rally underscores investor confidence in the company’s ability to leverage artificial intelligence within its enterprise platform to drive consistent growth.
Secure Waste Infrastructure shares climbed Friday after the Calgary-based firm reported a significant jump in fourth-quarter profit and a surprise dividend increase. Despite a slight revenue miss against analyst expectations, the company’s net income rose to C$53 million, bolstered by a strong balance sheet and an aggressive 2026 growth strategy.
Tandem Diabetes Care shares skyrocketed on Friday after the medical device maker reported fourth-quarter revenue and earnings that comfortably cleared Wall Street expectations, signaling resilient demand for its automated insulin-delivery technology.
Footwear shares climbed on Tuesday after the Supreme Court declared President Trump’s sweeping global tariffs unlawful, providing immediate relief to a sector strained by aggressive import taxes on China and Southeast Asia. The ruling nullifies a series of levies that had forced major brands to overhaul supply chains and warn investors of impending price hikes.
Shares of major furniture retailers surged after the Supreme Court ruled that the administration's global tariffs are illegal, providing a reprieve for an industry struggling with high import costs and limited domestic production capacity.
Cogent Communications Holdings shares plummeted Friday morning after the internet service provider reported fourth-quarter revenue that trailed analyst expectations, overshadowing a narrower-than-expected quarterly loss.
Superior Plus Corp. saw its shares tumble 18% on Friday after the Toronto-based energy distributor reported a revenue miss and extended the timeline for its "Superior Delivers" operational overhaul. While the company beat adjusted earnings expectations, logistical bottlenecks and weather-related service strains forced management to push back its long-term profitability targets.
Shares of major toymakers Mattel and Hasbro rallied on Friday after the Supreme Court struck down global tariffs implemented by the Trump administration. The ruling offers a significant reprieve to an industry that has spent years navigating high import costs and aggressively restructuring supply chains to reduce a historical reliance on Chinese manufacturing.
DNOW stock tumbled 14% after the energy equipment distributor reported a net loss of $147 million for the fourth quarter, driven by significant transaction charges following its acquisition of MRC Global. While the reported figures missed analyst expectations for net income, the company confirmed that adjusted earnings met targets and merger synergies are outperforming initial projections.
Hamilton Insurance Group shares climbed more than 8% in premarket trading Friday following a fourth-quarter performance that significantly outpaced analyst expectations. The specialty insurer reported a sharp rise in net income alongside the announcement of a $2.00 per share special dividend, signaling robust capital strength to investors.
Bath & Body Works is launching its first authorized storefront on Amazon, marking a significant expansion into third-party retail channels. The move, announced as part of a broader strategic pivot, will allow customers to purchase the brand’s signature body care and home fragrance products directly through the e-commerce giant.
Nucor’s board of directors has approved a new $4 billion stock buyback program, the Charlotte-based steelmaker announced Friday. The latest authorization replaces a previous plan of the same size, underlining a consistent strategy of returning capital to investors amid a robust market valuation.
Weekly U.S. export sales for corn and soybeans aligned with market expectations for the period ending Feb. 12, providing a stable backdrop for agricultural commodities. According to the U.S. Department of Agriculture (USDA), robust demand from Japan and China helped keep volumes within analyst projections, even as wheat sales lagged at the lower end of anticipated ranges.
Houston-based energy technology provider NOV announced a 20% increase to its quarterly cash dividend on Friday, raising the payout to $0.09 per share from the previous $0.075. The move signals a strategic commitment to returning capital to investors as the company maintains its foothold in the global oilfield services sector.
Assured Guaranty announced a 12% increase to its quarterly dividend on Friday, raising the payout to 38 cents per share from 34 cents. The move signals a robust capital return strategy for the Bermuda-based provider of financial guarantees and credit protection.
Inseego shares tumbled Friday after the wireless broadband provider issued a first-quarter outlook that fell significantly short of Wall Street estimates, overshadowing a slight revenue beat in the final months of last year.
Chemours stock plunged nearly 10% in premarket trading Friday after the chemical manufacturer reported a wider-than-expected fourth-quarter loss. The company cited persistent market headwinds and a significant non-cash inventory charge within its advanced performance materials segment as primary drivers for the miss.
Vicor shares retreated in premarket trading after the electronics manufacturer reported fourth-quarter profits bolstered by a significant one-time tax benefit, overshadowing a decline in royalty revenue and increased capital expenditures.
Canadian private-equity giant Onex Corp. reported a fourth-quarter profit of $181 million, reversing a year-ago loss as its investing capital base grew to $8.7 billion. The firm ended the period with a 3% quarterly return, signaling a sharp recovery in its investment management performance.
PPL Corp. announced a 4.6% increase in its quarterly dividend on Friday, while simultaneously lowering its long-term dividend growth forecast to fund a significantly expanded $23 billion capital investment strategy.
BHP Group has signed a nonbinding letter of intent with Faraday Copper to potentially restart the historic San Manuel copper mine in Arizona. The proposed deal aims to consolidate the site with Faraday’s adjacent Copper Creek project, creating a massive regional development hub for the critical metal.
Shares of Moncler SpA climbed 11% on Wednesday after the Italian luxury group reported fourth-quarter revenue that exceeded analyst expectations, driven by resilient demand for its signature puffer jackets and a recovery in the Chinese market. The company’s strong performance during the critical winter shopping period provided a rare bright spot for the luxury sector, lifting shares of rivals like LVMH and Kering in early European trading.
British government bond yields fell to five-week lows on Friday after official data revealed a record £30.4 billion budget surplus for January, providing Chancellor Rachel Reeves with unexpected fiscal headroom ahead of her upcoming spring statement.
Opendoor Technologies shares climbed significantly in premarket trading after the residential real estate platform reported fourth-quarter revenue that handily exceeded analyst expectations, signaling a potential rebound in the iBuying sector.
The U.S. Food and Drug Administration has approved a combination therapy of AbbVie and Genentech’s Venclexta and AstraZeneca’s Calquence for adults with previously untreated chronic lymphocytic leukemia (CLL). This milestone marks the introduction of the first all-oral, fixed-duration treatment regimen for one of the most common forms of adult leukemia.
Hudbay Minerals reported a sharp rise in fourth-quarter net income to $128 million, bolstered by rising commodity prices and a $25 million insurance payout following wildfire-related disruptions in Manitoba. While the Canadian miner’s earnings per share climbed to 32 cents, adjusted results fell short of analyst expectations as production volumes dipped across most core metals.
