Iran launched its first-ever attack from Iranian territory on Israel on Saturday night with a salvo of hundreds of drones and missiles that turned a long-running shadow war into a direct conflict.
The slow-moving, telegraphed attack drew a robust military defense from Israel, the U.S. and other allies and resulted in minimal damage on the ground. But it was a game-changer.
Biden Urges Caution as Israel Weighs Response to Iran
TEL AVIV-President Biden urged Israel to use caution in any response to Iran's unprecedented attack and pressed allies Sunday for a united diplomatic front in a bid to stop the hostilities from spiraling into open warfare that could engulf the Middle East and entangle the U.S.
The race to de-escalate tensions underscored the intense new phase that Iran and Israel's long-simmering conflict had entered after Tehran launched what military analysts said was one of the largest combined aerial attacks in recent history with more than 300 drones and missiles.
Write to ina.kreutz@wsj.com
TODAY IN CANADA
Earnings:
None scheduled
Economic Calendar (ET):
0830 Feb Monthly Survey of Manufacturing
0830 Feb Wholesale Trade
0830 Feb New Motor Vehicle Sales
Stocks to Watch:
Parkland: Strategic Review Is Unnecessary; Shareholder Simpson Oil Had Called for Parkland to Review Strategic Alternatives, Including Potential Transition to New Ownership
Expected Major Events for Monday
04:30/JPN: Feb Revised Retail Sales
12:30/US: Mar Advance Monthly Sales for Retail & Food Services
12:30/CAN: Feb Monthly Survey of Manufacturing
12:30/CAN: Feb Wholesale trade
12:30/US: Apr Empire State Manufacturing Survey
12:30/CAN: Feb New motor vehicle sales
14:00/US: Feb Manufacturing & Trade: Inventories & Sales
14:00/US: Apr NAHB Housing Market Index
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Monday
BeyondSpring Inc (BYSI) is expected to report $-0.67 for Full year.
Buckle Inc (BKE) is expected to report.
CNB Financial Corp (Pennsylvania) (CCNE) is expected to report $0.51 for 1Q.
CXApp Inc (CXAI,CXAIV) is expected to report $-0.35 for 4Q.
Charles Schwab Corp (SCHW) is expected to report $0.66 for 1Q.
Commerce Bancshares Inc (CBSH) is expected to report $0.80 for 1Q.
CrossFirst Bankshares Inc (CFB) is expected to report $0.35 for 1Q.
Eagle Pharmaceuticals Inc (EGRX) is expected to report $0.21 for 4Q.
Equity Lifestyle Properties Inc (ELS) is expected to report $0.45 for 1Q.
FB Financial Corp (FBK) is expected to report $0.69 for 1Q.
Goldman Sachs Group (GS) is expected to report $8.73 for 1Q.
Greenlane Holdings Inc (GNLN) is expected to report for 4Q.
Guaranty Bancshares Inc (GNTY) is expected to report $0.51 for 1Q.
Hallmark Financial Services Inc (HALL) is expected to report for 4Q.
Inspired Entertainment (INSE) is expected to report $-0.12 for 1Q.
JanOne Inc (JAN) is expected to report for 4Q.
M&T Bank Corp (MTB) is expected to report $3.01 for 1Q.
Mitek Systems Inc (MITK) is expected to report $0.06 for 1Q.
Nicolet Bankshares Inc (NIC) is expected to report $1.65 for 1Q.
Qualstar Corp (QBAK) is expected to report for 4Q.
Remark Holdings Inc (MARK) is expected to report $-0.19 for 4Q.
Rennova Health Inc (RNVA) is expected to report for 4Q.
Skillsoft Corp (SKIL) is expected to report for 4Q.
VBI Vaccines Inc (VBIV) is expected to report for 4Q.
Vuzix Corp (VUZI,VZX-V) is expected to report $-0.15 for 1Q.
XWELL Inc (XWEL) is expected to report for 4Q.
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ANALYST RATINGS ACTIONS
Alpine Immune Sciences Cut to Market Perform From Outperform by Leerink Partners
Arista Networks Cut to Sell From Buy by Rosenblatt
Corteva Cut to Neutral From Overweight by JP Morgan
DocuSign Raised to Neutral From Sell by UBS
Donnelley Fincl Solutions Raised to Buy From Neutral by DA Davidson
Ecolab Raised to Buy From Neutral by Mizuho
Franklin BSP Realty Trust Raised to Strong Buy From Outperform by Raymond James
GitLab Raised to Outperform From Market Perform by Raymond James
Hovnanian Enterprises Cut to Underperform From Neutral by Zelman & Assoc
Instil Bio Cut to Hold From Buy by Jefferies
Taylor Morrison Home Raised to Neutral From Underperform by Zelman & Assoc
TPG RE Finance Trust Cut to Outperform From Strong Buy by Raymond James
VF Corp Cut to Neutral From Outperform by Exane BNP Paribas
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
04-15-24 0639ET
