The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.
1036 ET - Celestica's stock drop is likely profit-taking action rather than any reflection of fundamentals, says TD Cowen analyst John Shao. Shares are trading 13% lower at C$503.08. In a report, Shao says the electronics manufacturer and supply-chain services company's sharply higher 2026 outlook is good for visibility moving forward, calling the magnitude of the guidance increase the "biggest positive surprise" of the quarter. He notes that revenue and EPS forecasts were raised by 12% and 16%, with margins also moving higher, a shift he attributes to "accelerating growth from CCS customers" and improving profitability across the business. Shao also says that Celestica maintained its $500 million free cash flow target even after lifting revenue guidance by $2 billion, a gap he thinks could be filled. (adriano.marchese@wsj.com)
1030 ET - Gold prices extend losses as oil prices climb above $100 a barrel, fueling concerns over the inflationary impact of higher energy costs as U.S.-Iran talks remain at an impasse. Futures in New York are down 2.3% to $4,583.60 a troy ounce. "Rising energy prices, a stronger dollar, firmer inflation expectations and a renewed higher-for-longer view on U.S. interest rates have together created a more challenging short-term environment for non-yielding assets," says Ole Hansen from Saxo Bank. Meanwhile, silver futures fall 3.3% to $72.56 an ounce, while platinum is down 2.2% to $1,952.30 an ounce. (giulia.petroni@wsj.com)
1029 ET - Taylor Wimpey's first-quarter earnings mark a definitive end to the profit boom spurred by the U.K. government's intervention in the early 2010s, AJ Bell's Russ Mould writes. The housebuilder warned that the conflict in the Middle East would increase its costs in earnings announced Tuesday morning. In response to higher costs, the company reduced its purchases of land, a move that suggests faltering confidence in its future outlook, Mould writes. Shares trade at their lowest level since June 2013, before the U.K. government introduced its Help-to-Buy policy. The initiative saw the state provide limited loans to mortgage borrowers, encouraging housing demand. Taylor Wimpey shares slide 5.7%.(josephmichael.stonor@wsj.com)
1019 ET - The U.A.E.'s departure from OPEC could pave the way for a meaningful increase in production once shipping through the Strait of Hormuz resumes, says David Oxley from Capital Economics. "The U.A.E.'s desire to pump more oil has been placated up to now by a combination of the rest of OPEC turning a blind eye to its overproduction and also raising its quota levels," the chief commodities economist says. In a more stable environment, the country could potentially add around 1 million barrels a day to output, bringing total production to about 4.5 million barrels a day. The U.A.E. is also relatively well-positioned to withstand lower oil prices compared with some Gulf peers, says Oxley, thanks to a more diversified economy. (giulia.petroni@wsj.com)
1002 ET - United Parcel Service has been restructuring its operations, aiming to cut costs and right-size its business. The cargo handler is on track to reduce by half the volume of packages it delivers for Amazon. "With roughly two months to go, we are comfortably in the home stretch of this initiative," CEO Carol Tomé says on a call with analysts. The glide down--coupled with additional building closures and automation rollouts--contributed to UPS achieving roughly $600 million in cost savings during the first three months of the year. The company is on track to achieve about $3 billion in cost savings in 2026, Tomé says. (connor.hart@wsj.com)
1000 ET - The United Arab Emirates' move signals a shift toward greater control over its expanding oil capacity, says Ole Hansen from Saxo Bank. The strategic shift comes in the wake of the Iran war, which has significantly disrupted regional energy flows and drained crude inventories, leaving the market facing a prolonged rebuilding phase once hostilities end. "The UAE has seized the opportunity to exit OPEC, removing the production quota straitjacket that for years frustrated the oil-rich nation and limited its ability to fully utilise a steadily expanding production capacity," the head of commodity strategy says. The move also raises questions about OPEC's ability to manage markets through coordinated supply adjustments, particularly if other producers start prioritizing market share over quota discipline, Hansen says. (giulia.petroni@wsj.com)
0953 ET - The United Arab Emirates' decision to exit OPEC and OPEC+ reflects a growing opportunity for the country to manage its oil production with greater independence as global demand patterns change, says Rystad Energy's Jorge Leon. With a peak in global oil demand on the horizon, countries with low production costs and significant spare capacity are more likely to prioritize monetizing reserves and defending market share rather than adhering to collective restraint, according to Leon. "The timing tells you something about where the oil market is going," he says. "The calculation for producers with low-cost barrels is changing fast, and waiting your turn inside a quota system starts to look like leaving money on the table." (giulia.petroni@wsj.com)
0951 ET -- GM's digital services business is growing rapidly and the company sees its principal advantage in the hands-free driving business as its scale. "We might have a lower average revenue per unit today than, say, Tesla does, but we already have significantly higher volumes, higher deferred revenue, more realized revenue," says Chief Financial Officer Paul Jacobson. "And that's where the real scale benefit comes across the portfolio." The company is on track to reach 13 million digital services subscribers by year-end. "We think that this is a growing and soon-to-be really influential piece of the business going forward," Jacobson says. (nicholas.miller@wsj.com)
0935 ET -- United Parcel Service CEO Carol Tomé says the company is closely monitoring several external factors that could hurt demand for the remainder of the year, in particular higher fuel costs stemming from the war in Iran. Fuel prices have spiked very quickly, but the costs didn't have a material impact on UPS's first-quarter results because the rise occurred late in the period, Tomé says on a call with analysts Tuesday. So far in the second quarter, UPS has been managing higher fuel costs through surcharges, she adds. The company feels confident in its full-year outlook for now, "but it's not appropriate for us to update until we have further clarity on how long this will last," Tomé says. She additionally notes that U.S. consumer confidence, which is at historic lows, could also hurt demand over the rest of the year. Shares are off 5.3% just ahead of the opening bell. (connor.hart@wsj.com)
0929 ET - The United Arab Emirates's decision to exit from OPEC and OPEC+ marks a significant shift, removing one of the "core pillars" underpinning the cartel's ability to manage the market, says Jorge Leon from Rystad Energy. "Losing a member with 4.8 million barrels per day of capacity, and the ambition to produce more, takes a real tool out of the group's hands," the head of geopolitical analysis says. "Saudi Arabia is now left doing more of the heavy lifting on price stability, and the market loses one of the few shock absorbers it had left." The U.A.E. was the third-largest oil producer in OPEC in March, behind Saudi Arabia and Iraq. (giulia.petroni@wsj.com)
0913 ET - McDonald's is debuting three fruity Refreshers and three crafted sodas at U.S. restaurants nationally on May 6, with the fast-food giant seeking to take on drink specialists like Starbucks and rivals such as Taco Bell with the offerings. McDonald's said franchisees will competitively price the colorful drinks. The company is aiming to capture more of the novelty cold drinks market, which delivers high margins for chains like Starbucks and Dutch Bros. (heather.haddon@wsj.com; @heatherhaddon)
0837 ET - Oil prices extend gains, with WTI topping $100 a barrel on fears of prolonged shipping disruptions as talks between the U.S. and Iran remain at an impasse. In afternoon European trading, Brent crude for June delivery is up 3.6% to $112.11 a barrel, while WTI futures for June soar 4.6% to $100.88 a barrel. The near-term Brent curve is also showing signs of acute tightness, with prompt contracts trading well above later-dated prices--an indication traders are paying a premium for immediate supply. According to Commerzbank, the front-month contract is about $7 more expensive than the next month and more than $20 above the seven-month contract. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
April 28, 2026 10:36 ET (14:36 GMT)
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