• Healthcare: INO (1.09 +62.43%), STIM (3.20 +34.24%), OMER (17.26 +30.26%), CERS (2.95 +25.53%), ACB (3.66 +22.41%), ASMB (32.40 +21.44%), EVH (4.73 +19.62%)
• Industrials: CSTE (3.42 +48.7%), ATRO (93.83 +20.68%)
• Consumer Discretionary: HZO (52.11 +46.05%), RRGB (10.25 +25%)
• Information Technology: PSTG (116.99 +29.91%), STX (962.83 +18.46%), CAMP (5.01 +18.16%)
• Energy: PARR (80.36 +21.22%), HP (44.26 +19.3%), MPC (354.48 +18.87%)

• Healthcare: ABEO (5.88 -18.78%), TCMD (24.07 -18.41%)
• Materials: ACH (1.01 -63.93%), BAK (1.95 -15.07%)
• Industrials: REZI (20.36 -21.93%), ACM (62.59 -17.47%), HUBG (40.2 -15.9%)
• Consumer Discretionary: TPR (129.49 -20.25%), EYE (19.16 -15.06%), GRPN (21.3 -14.9%), SFIX (3.58 -14.88%)
• Information Technology: MB (5.47 -38.68%), SPWR (0.22 -18.26%), CEVA (32.85 -15.05%), COHR (325.4 -14.17%)
• Energy: KLXE (1.69 -17.96%)

• MSGS publicly filed a Form 10 with the SEC for a planned separation that would create MSG Rangers Corp. and leave the Knicks business in MSG Sports, to be renamed MSG Knickerbockers Corp.
• The new Rangers company would hold the New York Rangers, Hartford Wolf Pack and MSG Training Center; the remaining company would hold the New York Knicks and Westchester Knicks.
• MSGS expects the transaction to be a tax-free spin-off distributing 100% of the new Rangers company's common stock pro rata to Class A and Class B holders, with completion targeted by the end of October 2026.
• The separation is not assured and remains subject to conditions including required league approval, a tax opinion from counsel and board approval.

• Construction has started on Terraces at Absecon Inlet, a 38-home waterfront townhome and condo development marking Hovnanian's return to the Atlantic City market.
• The project will include four-story homes overlooking the Absecon Inlet, with the first phase comprising five residential buildings and a furnished model home.
• Hovnanian said initial deliveries are expected to begin as early as summer 2027.

• Silence Therapeutics closed its underwritten public offering of 14.91M ADSs at $13.50 per ADS, including the full exercise of the underwriters' option for 1.94M additional ADSs.
• Gross proceeds were about $201.3 mln before underwriting discounts, commissions, and other offering expenses.
• Each ADS represents three ordinary shares; the offering was made off an effective shelf registration statement.

• Diana Shipping (DSX) withdrew its offer to acquire the Genco Shipping & Trading (GNK) shares it does not already own, saying Genco's board sought terms no credible buyer could meet.
• Diana said its last offer was $24.80/share in cash, adjusted for Genco's recently declared $0.80 dividend, plus 1 Diana share valued at $2.54 based on DSX's 30-day VWAP as of June 16, 2026.
• According to Diana, Genco's board demanded $27.50/share in cash, $2.00/share in 2H26 dividends, and 3 Diana shares per Genco share, implying about $36.91/share based on DSX's Aug. 13 close.
• Diana said it remains Genco's largest shareholder and still sees strategic merit in a combination, but is ending the current proposal after the board's Aug. 13-14 demands.

• The Company also announced that Spectra Technologies, LLC, another wholly owned subsidiary within NDC, received a subcontract on that same date for production of the warhead for the Small Diameter Bomb program.
• The 40mm and Small Diameter Bomb awards total $159.1 mln.

Stocks ended a relatively quiet Friday session with modest losses, pulling back from yesterday's record-setting advance as weakness in mega-cap technology stocks and a midday rise in Treasury yields weighed on the major averages. The S&P 500 (-0.2%), Nasdaq Composite (-0.3%), and DJIA (-0.2%) finished lower, though the S&P 500 and Nasdaq Composite still notched modest gains for the week.

The major averages opened slightly higher before gradually slipping into negative territory as the morning progressed. The move coincided with a rise in longer-dated Treasury yields, with the 10-year note yield climbing six basis points to 4.70% despite a weaker-than-expected July retail sales report. The increase in yields provided a modest headwind following a week in which largely favorable CPI and PPI readings had eased concerns about additional Fed tightening.

Most of the pressure at the index level came from growth stocks. The Vanguard Mega Cap Growth ETF fell 0.5%, while the information technology sector (-0.4%) was among the laggards as some of yesterday's strongest areas gave back ground. The PHLX Semiconductor Index slipped 0.3%, with Applied Materials (AMAT 507.18, -27.36, -5.12%) facing some profit-taking following a solid earnings report and Broadcom (AVGO 392.99, -24.83, -5.94%) also among the large-cap chip laggards. Continued strength in memory stocks helped offset some of that weakness, as Sandisk (SNDK 1641.11, +113.00, +7.39%) extended its rally following yesterday's investor day after JPMorgan resumed coverage with an Overweight rating and a $2,250 price target.

Software stocks saw more pronounced profit-taking following yesterday afternoon's rally, leaving the iShares GS Software ETF (IGV) down 2.1%. Workday (WDAY 198.68, -7.77, -3.76%) also gave back some of yesterday's roughly 18% surge that followed reports that Silver Lake is in talks to acquire the company.

The consumer discretionary sector (-0.4%) also lagged amid weakness in mega-cap stocks and retail names ahead of a busy slate of earnings from the group next week.

Still, the broader market held up better than the major averages. Six S&P 500 sectors finished higher, and the S&P 500 Equal Weight Index ended flat, while the Russell 2000 (+0.5%) and S&P MidCap 400 (+0.3%) both advanced and reached fresh record highs during the session.

Energy (+1.4%) was the clear sector leader as crude oil resumed its climb despite little new geopolitical news. WTI crude settled $1.34 higher (+1.7%) at $82.40 per barrel, bringing its gain for the week to roughly 5%.

The utilities (+0.6%) and materials (+0.5%) sectors also outperformed, with higher precious metals prices supporting the latter.

Outside the current S&P 500 membership, Reddit (RDDT 177.97, +19.85, +12.55%) surged on news that the company will join the index next week.

Friday's subdued pullback ultimately looked more like consolidation following Thursday's record-setting advance than a meaningful shift in sentiment. The S&P 500 still finished the week higher after the July CPI and PPI reports helped ease concerns about additional Fed tightening, while the relative strength in the equal-weight index and smaller-cap stocks showed that Friday's weakness was concentrated largely in some of the market's biggest growth names.

U.S. Treasuries retreated on Friday, producing losses for the week in 10 and 30 year note yields while the front end also faced some pressure today, but the 2-year note still ended the week with a gain. The 2-year note yield settled up three basis points to 4.17% (-4 basis points this week), and the 10-year note yield settled up six basis points to 4.70% (+4 basis points this week). 

• Russell 2000: +23.6% YTD
• S&P Mid Cap 400: +18.8% YTD
• Nasdaq Composite: +15.0% YTD
• S&P 500: +13.7% YTD
• DJIA: +11.8% YTD

Reviewing today's data:

• July Retail Sales -0.6% (Briefing.com consensus 0.2%); Prior 0.2%, July Retail Sales, ex-auto -0.3% (Briefing.com consensus 0.2%); Prior -0.2%
  
  • The key takeaway from the report is that control retail sales dropped 0.4% month-over-month. This figure will feed into GDP forecasts, so there are apt to be some downward revisions to Q3 GDP forecasts.
• June Business Inventories 0.0% (Briefing.com consensus 0.1%); Prior was revised to 0.4% from 0.3%
• August Univ. of Michigan Consumer Sentiment - Prelim 51.0 (Briefing.com consensus 54.5); Prior 55.2
  
  • The key takeaway from the report is that only 8% of all consumers surveyed expect their income growth to exceed inflation in the year ahead. That expectation could ultimately translate into lower discretionary spending activity.

• BorgWarner disclosed reference yields and tender consideration for its previously announced cash tender offers covering five senior note series.
• The offer includes any-and-all purchase of the 7.125% notes due 2029 at $1,061.70 per $1,000 principal and four waterfall offers capped at $720 mln in aggregate, excluding accrued interest.
• Waterfall tender consideration was set at $827.77 for 4.375% notes due 2045, $1,019.75 for 5.400% notes due 2034, $1,010.87 for 4.950% notes due 2029, and $986.77 for 2.650% notes due 2027.
• The 2.650% notes due 2027 are subject to a $250 mln offer sub-cap, with acceptance also subject to proration and priority levels in the offer documents.

• Real Brokerage (REAX) and RE/MAX Holdings (RMAX) said securityholders of both companies approved Real's proposed acquisition of RE/MAX Holdings.
• Real said about 99.0% of votes cast by shareholders approved the arrangement, while holders of about 78.8% of RE/MAX Holdings voting power approved the deal.
• The transaction still needs specified closing conditions, including a final order from the Supreme Court of British Columbia, and is expected to close in the next couple of weeks.
• Upon closing, Real REMAX Group is expected to support more than 180,000 real estate professionals across more than 120 countries and territories.

• Board approved a buyback of up to $25 mln of common shares, subject to market conditions.
• Repurchases may be made for cash through open-market, block, privately negotiated transactions or via a Rule 10b5-1 plan.
• Program runs for one year, does not require any specific amount of repurchases, and can be suspended or canceled at any time.

• The private 144A deal included the full $125 mln option, bringing total principal to $1.0 bln from the initially announced $875 mln.
• Net proceeds were about $981.9 mln; Realty Income used roughly $33.2 mln for capped calls and about $188.7 mln to repurchase ~3.0M common shares in privately negotiated transactions.
• The capped call cap price was initially about $83.55/share, a 35% premium to the Aug. 11 closing price; remaining proceeds are earmarked for general corporate purposes, including debt repayment and property investments.

• SPAC IPCX closed its business combination with atmospheric water company A1R water after shareholder approval on July 29.
• The deal includes a fully committed $96 mln PIPE to fund commercial-scale production, retail distribution expansion, and broader category buildout.
• A1R water ordinary shares are set to begin trading on Nasdaq under ticker WATR on August 17.
• PIPE investors include Inflection Point, existing A1R water investors, and Southern Glazer's Wine & Spirits.

• Delek Logistics closed its underwritten public offering of 4.6M common units, including 600K units from the full exercise of the underwriters' option, for gross proceeds of about $220.8 mln.
• Proceeds are slated to repay borrowings under the revolving credit agreement and for general partnership purposes.
• Delek US Holdings (DK) did not buy units in the deal; its ownership in DKL common units fell to about 58.0% from 63.0% after the closing.