North American Morning Briefing: Oil Rises on Mideast Jitters, Pushing Yields Higher -2-

Hydro One Proposed Plan Would Replace Aging Infrastructure and Add Electricity System Capacity for Ontario's Growing Electricity Needs; If Approved, the Approximately $37B 5-Yr Plan Will Address Ontario's Growing Electricity Demand and Strengthen the Reliability and Security of the Electricity System; Plan Would Add Transmission Capacity to Connect and Deliver Approximately 6,000 Megawatts of New Electricity, Enough to Power the Equivalent of Approximately 5M Homes; Plan Would Modernize Critical Infrastructure and Strengthen Physical and Cyber Security Measures That Help Protect the Electricity System and Keep Power Flowing

Intermap Completes Acquisition Of PCI Geomatics

Pan American Silver Charles Jeannes Will Be Retiring From Bd of Directors, Effective Oct 31

Richelieu Hardware 3Q Sales CAD 562M; FactSet Est. CAD 534.1M (2 Est.); 3Q EPS CAD 0.53; FactSet Est. CAD 0.47 (1 Est.); 3Q EBITDA CAD 65.5M; 3Q Net Income CAD 29.2M; 3Q Sales Beat Estimates; 3Q EPS C0.53;3QSalesC562M

Velan 2Q Loss/Shr 70c; 2Q Sales $57.5M; 2Q Adj Loss/Shr 29c; Suspends Dividend for Remainder of FY27; 2Q Loss/Shr $0.70; 2Q Net Loss $15.1M; 2Q Gross Margin 21.9%; 2Q Gross Profit $12.6M; 2Q Adj EBITDA Loss $0.71M; Reports 2Q Sales of $57.5 Million

Expected Major Events for Thursday 04:30/JPN: Sep Corporate Insolvencies

05:00/JPN: Sep Economy Watchers Survey

06:00/GER: Aug Foreign Trade

08:30/UK: 3Q Bank of England Credit Conditions Survey

08:30/UK: 3Q Bank of England Bank Liabilities Survey

12:30/US: 10/03 Unemployment Insurance Weekly Claims Report - Initial Claims

12:30/US: U.S. Weekly Export Sales

13:00/RUS: 10/02 Weekly International Reserves

14:00/US: Aug Monthly Wholesale Trade

14:30/US: 10/02 EIA Weekly Natural Gas Storage Report

16:00/US: Sep Monthly U.S. Retail Chain Store Sales Index

20:30/US: Federal Discount Window Borrowings

20:30/US: Foreign Central Bank Holdings

23:01/UK: Sep BRC-Sensormatic IQ Footfall Monitor

23:30/JPN: Aug Household Spending

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Expected Earnings for Thursday AngioDynamics Inc (ANGO) is expected to report $-0.20 for 1Q.

Aritzia Inc (ATZ.T) is expected to report $0.98 for 2Q.

Bank of South Carolina Corp (BKSC) is expected to report for 3Q.

Byrna Technologies Inc (BYRN,BYRN-L) is expected to report $-0.19 for 3Q.

Hingham Institution for Savings (HIFS) is expected to report for 3Q.

NovaGold Resources Inc (NG,NG.T) is expected to report $-0.02 for 3Q.

Oil-Dri Corp of America (ODC) is expected to report for 4Q.

Park Aerospace Corp (PKE) is expected to report $0.16 for 2Q.

PepsiCo Inc (PEP) is expected to report $2.28 for 3Q.

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ANALYST RATINGS ACTIONS AppFolio Cut to Neutral From Buy by UBS

Black Hills Corp Raised to Buy From Hold by Freedom Broker

Builders FirstSource Cut to Sector Perform From Outperform by RBC Capital

Caribou Biosciences Cut to Hold From Buy by Brookline Capital

Caribou Biosciences Cut to Market Perform From Outperform by Leerink Partners

Caribou Biosciences Cut to Sector Perform From Outperform by RBC Capital

Corteva Raised to Overweight From Sector Weight by Keybanc

Humana Raised to Overweight From Neutral by Cantor Fitzgerald

Marvell Technology Raised to Buy From Hold by TD Cowen

Moelis & Co. Raised to Neutral From Sell by UBS

Mohawk Cut to Underperform From Sector Perform by RBC Capital

NetApp Raised to Outperform From In-Line by Evercore ISI Group

Old Dominion Freight Raised to Peer Perform From Underperform by Wolfe Research

Option Care Health Cut to Hold From Buy by Jefferies

Option Care Health Cut to Market Perform From Market Outperform by Citizens

Option Care Health Cut to Market Perform From Outperform by Barrington Research

Option Care Health Cut to Market Perform From Outperform by William Blair

Option Care Health Cut to Neutral From Overweight by JP Morgan

Owens Corning Cut to Sector Perform From Outperform by RBC Capital

PJT Partners Cut to Market Perform From Outperform by Keefe, Bruyette & Woods

XPO Raised to Buy From Neutral by Citigroup

This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

October 08, 2026 06:16 ET (10:16 GMT)