North American Morning Briefing: Stock Futures Fall Ahead of Fed Minutes -2-

Dow Jones2026/10/07 09:58

By:Dow Jones

Levi Strauss & Co (LEVI) is expected to report $0.36 for 3Q. Nurix Therapeutics Inc (NRIX) is expected to report $-0.60 for 3Q. Obsidian Therapeutics Inc (OBX) is expected to report for 2Q. Resources Connection Inc (RGP) is expected to report $-0.20 for 1Q. Richardson Electronics Ltd (RELL) is expected to report $0.09 for 1Q. Richelieu Hardware Ltd (RCH.T) is expected to report $0.47 for 3Q. Velan Inc (VLN.T,VLNSF) is expected to report for 2Q. Powered by Onclusive and Dow Jones. ANALYST RATINGS ACTIONS Amentum Raised to Neutral From Underperform by BNP Paribas Blaize Holdings Cut to Neutral From Buy by Rosenblatt BorgWarner Raised to Overweight From Equal-Weight by Morgan Stanley Boyd Gaming Raised to Buy From Hold by Deutsche Bank CACI International Cut to Underperform From Neutral by BNP Paribas Chain Bridge Bancorp Raised to Outperform From Market Perform by Raymond James Cleveland-Cliffs Raised to Overweight From Equal-Weight by Wells Fargo Corteva Raised to Overweight From Neutral by JP Morgan Crescent Biopharma Raised to Buy From Neutral by HC Wainwright & Co. Dollar General Raised to Buy From Hold by Gordon Haskett First Bancorp NC Cut to Outperform From Strong Buy by Raymond James First Merchants Raised to Outperform From Market Perform by Raymond James Fortrea Holdings Raised to Overweight From Equal-Weight by Barclays Fulton Fincl Cut to Market Perform From Outperform by Raymond James Gentex Cut to Sell From Neutral by Goldman Sachs Goosehead Insurance Cut to Neutral From Overweight by Piper Sandler Hilltop Holdings Cut to Underperform From Market Perform by Raymond James JetBlue Raised to Neutral From Sell by Citigroup MillerKnoll Raised to Buy From Hold by StoneX MYR Group Raised to Buy From Hold by Jefferies NeoGenomics Raised to Buy From Neutral by BTIG Old National Bancorp Raised to Outperform From Market Perform by Raymond James Old Second Bancorp Raised to Strong Buy From Outperform by Raymond James PENN Entertainment Raised to Buy From Hold by Deutsche Bank Personalis Cut to Neutral From Buy by

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Levi Strauss & Co (LEVI) is expected to report $0.36 for 3Q.

Nurix Therapeutics Inc (NRIX) is expected to report $-0.60 for 3Q.

Obsidian Therapeutics Inc (OBX) is expected to report for 2Q.

Resources Connection Inc (RGP) is expected to report $-0.20 for 1Q.

Richardson Electronics Ltd (RELL) is expected to report $0.09 for 1Q.

Richelieu Hardware Ltd (RCH.T) is expected to report $0.47 for 3Q.

Velan Inc (VLN.T,VLNSF) is expected to report for 2Q.

ANALYST RATINGS ACTIONS Amentum Raised to Neutral From Underperform by BNP Paribas

Blaize Holdings Cut to Neutral From Buy by Rosenblatt

BorgWarner Raised to Overweight From Equal-Weight by Morgan Stanley

Boyd Gaming Raised to Buy From Hold by Deutsche Bank

CACI International Cut to Underperform From Neutral by BNP Paribas

Chain Bridge Bancorp Raised to Outperform From Market Perform by Raymond James

Cleveland-Cliffs Raised to Overweight From Equal-Weight by Wells Fargo

Corteva Raised to Overweight From Neutral by JP Morgan

Crescent Biopharma Raised to Buy From Neutral by HC Wainwright & Co.

Dollar General Raised to Buy From Hold by Gordon Haskett

First Bancorp NC Cut to Outperform From Strong Buy by Raymond James

First Merchants Raised to Outperform From Market Perform by Raymond James

Fortrea Holdings Raised to Overweight From Equal-Weight by Barclays

Fulton Fincl Cut to Market Perform From Outperform by Raymond James

Gentex Cut to Sell From Neutral by Goldman Sachs

Goosehead Insurance Cut to Neutral From Overweight by Piper Sandler

Hilltop Holdings Cut to Underperform From Market Perform by Raymond James

JetBlue Raised to Neutral From Sell by Citigroup

MillerKnoll Raised to Buy From Hold by StoneX

MYR Group Raised to Buy From Hold by Jefferies

NeoGenomics Raised to Buy From Neutral by BTIG

Old National Bancorp Raised to Outperform From Market Perform by Raymond James

Old Second Bancorp Raised to Strong Buy From Outperform by Raymond James

PENN Entertainment Raised to Buy From Hold by Deutsche Bank

Personalis Cut to Neutral From Buy by BTIG

Procter & Gamble Raised to Outperform From In-Line by Evercore ISI Group

Prosperity Bancshares Raised to Outperform From Market Perform by Raymond James

PTC Cut to Market Perform From Outperform by BMO Capital

PTC Cut to Perform From Outperform by Oppenheimer

PTC Raised to Neutral From Underweight by JP Morgan

Rezolute Raised to Overweight From Neutral by Cantor Fitzgerald

RXO Cut to Hold From Buy by Jefferies

RXO Raised to Hold From Sell by TD Cowen

RXO Raised to Neutral From Underweight by JP Morgan

ServisFirst Bancshares Cut to Outperform From Strong Buy by Raymond James

Skyworks Raised to Buy From Neutral by B. Riley Securities

Tetra Technologies Raised to Buy From Hold by Clear Street

Texas Roadhouse Raised to Buy From Hold by StoneX

WesBanco Cut to Market Perform From Strong Buy by Raymond James

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

(END) Dow Jones Newswires

October 07, 2026 05:58 ET (09:58 GMT)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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1. Cross-asset performance diverged this week. Between the October 30 and November 6 closes, the S&P 500 fell 2.68%, the Nasdaq 100 dropped 4.91%, and BTC lost 1.88%. Gold and silver rose 4.51% and 5.79%, respectively, while the Hang Seng gained 5.10%. Sharp declines in crude oil and some Asian equity indexes showed how differently assets responded to growth, policy, and event risks. 2. Democrats won majorities in both chambers of Congress in the US midterm elections, and markets rallied before reversing. We focus on actual changes in fiscal negotiations, key committee arrangements, and local industrial policy, especially data-center approvals, energy costs, and the pace of capital expenditure. We do not map party outcomes directly to asset direction. 3. The pullback in technology stocks has put returns on AI investment under renewed scrutiny. Whether rapid growth can cover financing, construction, and ongoing compute costs is becoming a key valuation test. For related positions, monitor policy implementation, customer capital expenditure, and cash collection together, and do not read a one-day rebound as a sign that the pressure has passed. 4. Anthropic's IPO preparations are putting the growth quality, operating profitability, and funding needs of AI model companies under public-market scrutiny. Valuations discussed for the offering are not final pricing, and participating in related products also requires assessing fees, allocation methods, asset rights, and trading restrictions. Assets in focus: BTC, the Nasdaq 100, crude oil, and gold, along with key earnings from companies including CSCO, AMAT, and CEG

Bitget•2026/11/09 07:45