The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.
1044 ET - Caterpillar is increasing its factory capacity to make large engines to generate electricity. The company is seeing high demand from data center developers who use generators for backup power or as their primary source of electricity. The company expects to raise production capacity by three times from 2024's level by 2030, up from an earlier capacity increase goal of two times. "Just the amount of capex announced in that data center industry since a year ago is quite significant," CEO Joe Creed says. "That's why we feel comfortable putting this capacity in place." Caterpillar expects most of the investment for the additional capacity to occur from 2027 to 2029. Caterpillar surges 9%. (Robert.tita@wsj.com)
1037 ET - After a stronger-than-expected 1Q, Spin Master appears positioned to deliver the materially weighted 2H performance embedded in its 2026 guidance, says TD Cowen's Brian Morrison. The analyst points to strong toy volumes, encouraging point-of-sale trends across most major categories and a reaffirmed 2026 guidance as evidence the company has the product lineup and cost discipline to drive an 2H earnings inflection. With core brands, digital games and the upcoming Paw Patrol film "our investment thesis remains intact supported by the reaffirmation of its 2026 guidance and strength of its product offering." (adriano.marchese@wsj.com)
1034 ET - Wayfair says customers see furniture as a main area where they can cut back on spending amid inflation. In a call with analysts, CEO Niraj Shah cited a Wall Street Journal article this week that showed furniture is one of the categories with the biggest pull-back in consumer spending. Consumers are spending more on travel and experiences, while furniture buying has fallen 5% as prices are up 7%, the WSJ story said. Shah says he is watching the impact of higher gas prices to see if that further degrades spending at Wayfair. "This is a cyclical category, which is clearly in a down cycle," Shah says. (katherine.hamilton@wsj.com)
1029 ET - For Thyssenkrupp, Kone's offer to buy TK Elevator unlocks value that the market hasn't recognized, Jefferies says in a note. The deal to buy TKE, in which Thyssenkrupp has a minority stake, will improve both Thyssenkrupp's balance sheet and its transparency, and could significantly lift the German industrial group's valuation, analysts Tommaso Castello and Cole Hathorn say. Nevertheless there are uncertainties, with the deal expected to conclude in 12-18 months. "Key questions from investors therefore shift to capital allocation: whether Thyssenkrupp ultimately monetizes the equity stake, retains it as a financial investment, or uses proceeds to accelerate restructuring and shareholders returns," Jefferies says. Thyssenkrupp shares trade 4.8% higher at 10.07 euros. (sarah.sloat@wsj.com)
1029 ET - Bombardier's services segment strength helped offset the drag of supply-chain issues in 1Q, CEO Eric Martel says on an analyst call. "In 1Q we faced a supplier snag that temporarily slowed us down operationally," he says, which forced the jet-maker to push back certain deliveries. Martel says the supply-chain challenge was resolved, and that the company should catch up to deliveries over the coming quarters. Other parts of the business picked up the slack. "Our diversification, especially in services, help offset some of the lost revenue and margins from this headwind," he says. Services revenue rose 25% to $617 million, bringing total revenue to $1.6 billion. (adriano.marchese@wsj.com)
1014 ET - Gildan's 1Q results shows a clearer path of earnings acceleration following the HanesBrands acquisition, says to TD Cowen analyst Brian Morrison, who points to the quarter's "modest Q1/26 EPS beat" and the company's unchanged 2026 guidance. While integration headwinds from the HanesBrands textile consolidation will likely persist into 2Q, the analyst says they are "less onerous," helping set up a "strong 2H/26 EPS and free cash flow aided by heightened production capacity/synergy realization." He adds that visibility into achieving 2026-2028 financial targets "should result in meaningful share price upside." (adriano.marchese@wsj.com)
1013 ET - A balanced approach to weighing potential benefits against harm is needed as the European Commission looks for feedback on its draft merger guidelines for companies published Thursday, says Laszlo Toth, head of Europe at mobile communications association GSMA. "A dynamic framework is needed to reflect modern market needs, and innovation, investment and resilience are correctly recognized as parameters of competition that can benefit from consolidation," he says. Toth adds that unlocking investment in the mobile sector is "crucial for driving European competitiveness" globally. "While there remains no magic number for operators in a given country, the ability to explore opportunities to scale and, as a result, improve the quality of service being provided to consumers is very important for Europe's digital future and strategic autonomy," he says. (edith.hancock@wsj.com)
0953 ET - ConocoPhillips says it is excluding Qatar from its production guidance for the current quarter, citing uncertainty around the war in the Middle East. The oil producer also cuts its full-year production outlook to account for the exclusion, now calling for production of 2.3 million to 2.33 million barrels of oil-equivalent per day this year. That compares with a prior outlook of 2.33 million to 2.36 million barrels of oil-equivalent per day. ConocoPhillips is off 1.8% in early trading after reporting lower 1Q earnings. (connor.hart@wsj.com)
0940 ET - Caterpillar's robust backlog growth was driven by continued momentum in both power generation and oil and gas, CEO Joe Creed says on a call with analysts. "We anticipate growth in power generation for both reciprocating engines and turbines, driven by increasing energy demand to support data-center buildout related to cloud computing and generative AI," he says, adding that data-center customers are continuing to look for alternative power solutions to keep pace with their growth. At the same time, oil and gas is expected to see moderate growth this year, with reciprocating engine sales expected to increase, driven by strong demand in gas compression applications, Creed says. (connor.hart@wsj.com)
0928 ET - Caterpillar CEO Joe Creed says markets have remained resilient, despite increased uncertainty due to geopolitical events and elevated energy prices. "We are closely monitoring the environment, and we are not forecasting material impact to our 2026 outlook at this time," he says on a call with analysts. Rather, the company lifts its full-year revenue forecast, now calling for low double-digit growth, driven by resilient end markets and solid execution. "Notably, we're tracking ahead of our large-engine capacity expansion plans for the year," Creed adds. Caterpillar has been investing heavily to boost production and capitalize on demand for AI infrastructure, including expanding a plant that makes piston-driven engines for generators and aiming to more than double its production capacity for turbine engines by 2030. (connor.hart@wsj.com)
0921 ET - Caterpillar says tariff costs this year won't be as steep as were initially expected. The equipment maker now forecasts tariff costs in the range of $2.2 billion to $2.4 billion in 2026, down from a prior forecast of about $2.6 billion. The company additionally lifts its full-year sales and revenues outlook, now calling for top-line growth in the low double-digit percent range. It had previously guided for sales and revenue to grow around the top end of its 5% to 7% compound annual growth rate target. Caterpillar climbs 6% premarket, after logging a higher profit and jump in sales during 1Q. (connor.hart@wsj.com)
0831 ET - Eli Lilly CEO David Ricks says on CNBC that its new Foundayo weight-loss pill is off to a strong start. "Reception and buzz is very good," he says. Given that the company has not yet undertaken larger efforts to build consumer awareness, "what we're seeing now is basically organic demand, which is pretty strong to us," he says. He says that more than 80% of the people taking Foundayo are completely new to the GLP-1 category. "It's very expansionary," he says. "From a cost and scalability perspective, using organic chemistry is a lot more efficient than what we have to do creating autoinjectors, with peptides, etc." (nicholas.miller@wsj.com)
(END) Dow Jones Newswires
April 30, 2026 10:44 ET (14:44 GMT)
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