ADVFN US – Market Content Editor

PulteGroup (NYSE:PHM) shares gained 1.8% in pre-market trading after Wolfe Research upgraded the U.S. homebuilder to Outperform from Peerperform, highlighting the company’s stronger earnings resilience relative to competitors. Wolfe’s latest analysis showed that its 2026 earnings-per-share forecast for PulteGroup has been reduced by just 2.7% compared with its estimate at the beginning of the year.…

Zymeworks (NASDAQ:ZYME) shares climbed nearly 4.0% in pre-market trading as investors positioned themselves ahead of an important U.S. regulatory decision on zanidatamab, expected the following day. The FDA’s PDUFA target action date for zanidatamab (Ziihera®), a bispecific HER2-targeting antibody developed alongside Jazz Pharmaceuticals, is August 25, 2026. The regulator is reviewing the treatment for first-line…

Sadot Group Inc. (NASDAQ:SDOT) shares jumped 39.4% in pre-market trading to $18.37 as investors responded to further progress on debt restructuring and the company’s growing focus on artificial intelligence-powered commodity trading technology. The latest catalyst came from a new debenture settlement involving the issuance of equity, adding momentum to a rally that had already begun…

Picard Medical Inc. (AMEX:PMI) shares surged nearly 43.9% in pre-market trading after the company reported second-quarter 2026 revenue significantly ahead of Wall Street expectations, triggering renewed investor interest following a period of weakness in the stock. Revenue for the quarter reached approximately $2.95 million, almost twice the analyst consensus estimate of around $1.55 million. The…

Exxon Mobil (NYSE:XOM) and LyondellBasell NV (NYSE:LYB) have emerged as possible bidders for Shell’s (LSE:SHEL) US chemicals assets, which could be sold for up to $8 billion as the energy major seeks to reduce its exposure to weaker-performing operations. The Financial Times reported on Monday that the two industry groups are among several parties exploring…

Global crude steel production declined modestly in July, as continued weakness in China outweighed stronger output across several other major producing markets, according to Morgan Stanley. Worldwide production fell 0.3% year-over-year during the month and was 0.6% lower on a year-to-date basis. China accounted for the overall decline, with crude steel output falling 3.6% year-over-year…

Gold extended its advance on Monday, moving above $4,650 an ounce and remaining close to a three-month high as concerns over the U.S. fiscal outlook and Treasury efforts to restrain longer-term borrowing costs continued to strengthen demand for the precious metal. At 02:42 ET (06:42 GMT), XAU/USD was up 1% at $4,650.63 an ounce, while…

Oil prices moved sharply lower on Monday after signs of increased shipping activity through the Strait of Hormuz reduced some concerns about Middle Eastern supply disruptions, with Iran reportedly permitting several Iraqi oil tankers to transit the strategically important waterway. Separately, the New York Post reported that shipping traffic through Hormuz had risen considerably during…

Bitcoin (COIN:BTCUSD) traded higher on Monday, holding on to much of its recent recovery as expectations for more favourable U.S. cryptocurrency regulation and looser financial conditions supported demand for digital assets. Bitcoin gained 1.3% to $77,091.1 by 01:47 ET (05:47 GMT), after having climbed above $79,000 during its recent rebound. The wider cryptocurrency market also…