Stock futures were up as investors awaited nonfarm payrolls data for

clues on what the Federal Reserve might do when it convenes next month.

A hotter-than-expected print could help reignite market expectations for rate hikes later this year.

"While we still do not believe that the Fed ultimately intends to take this step, the market is unlikely to be deterred from continuing to bet on a rate hike," Commerzbank said.

New Fed Chairman Kevin Warsh has refused to provide any clear indication of a potential rate rise and refrained from forward guidance. This puts greater emphasis on data, Commerzbank added.

Meanwhile, oil prices are rising modestly, with Brent crude futures around $83 a barrel, as Iran-Oman talks remain in focus.

However, while an agreement would ease a key geopolitical risk, the broader conflict would remain far from settled, according to analysts.

"Despite clear signs of progress in recent days, the tenor of the rhetoric and growing distrust between the U.S. and Iran mean things could go from bad to worse once again," according to ING. "There's plenty of risk and uncertainty to this view." Stocks to watch

Airbnb raised its full-year revenue forecast, citing growth in demand as it uses AI to improve its platform. Shares gained 7% premarket.

Atlassian shot up 31% premarket following a revenue beat powered by accelerated growth in its cloud business.

Maplebear jumped 12% in premarket trading after posting higher revenue, boosted by higher order volume.

Sweetgreen fell 16% premarket after the salad chain said its second-quarter loss widened and it lowered its outlook as the cyclosporiasis outbreak weighs on demand.

Trade Desk fell 27% after it reported lower-than-expected quarterly revenue.

Under Armour, Wendy's, Vistra, Take-Two: The companies are among the names set to report earnings ahead of the opening bell.

Watch For:

U.S. Employment Report for July; Canada Labour Force Survey for July

Today's Top Headlines/Must Reads:

- How Amazon Built a Data Center in a California Town Without Anyone Noticing

- China's New Export Engine: Supplying the Factories of the World

- This Fashion IPO's Growth Story Looks Flimsy

MARKET WRAPS Forex:

The dollar index traded in a tight range. The focus now shifts to U.S. non-farm payrolls for July, which is a key input into the timing of the Fed's eventual tightening cycle.

The greenback could rise if data are more positive than expected. This would strengthen expectations for the Federal Reserve to raise interest rates, Commerzbank said.

The euro traded steady. The currency has room to rebound further against the dollar, based on charts, said UOB.

The euro-dollar exchange rate has shown a bigger reaction to recent U.S. nonfarm payrolls data and could be particularly sensitive to Friday's release, ING said.

Sterling was trading in a tight range against the dollar this week in the absence of fresh policy announcements under Prime Minister Andy Burnham or notable U.K. economic data, Ebury said.

Bonds:

Treasury yields edged higher with the focus on the Iran war and the nonfarm payrolls report.

Energy:

In early trading, Brent crude rose 0.9% a barrel, while WTI futures were up 0.6%.

Metals:

Gold prices were on track for their largest weekly gain since January as investors await key U.S. jobs data later on Friday for more cues on the interest-rate outlook.

Copper

Copper prices held above $14,000 a metric ton as fears of potential U.S. import tariffs continue to draw large volumes of metal into the country, tightening physical markets elsewhere.

Iron ore

Iron ore rose in early trade. Global shipments have rebounded from a low level in July, while downstream steel mills' metal output has bottomed out as the supply and demand pressure on iron ore improves slightly, Nanhua Futures said.

TODAY'S TOP HEADLINES

FAA Orders Inspections of Over 400 Boeing 737 Max Jets for Possible Cracks

The Federal Aviation Administration has ordered the inspections of Boeing 737 Max jets for cracks of a component that could affect the structural integrity of the planes.

The FAA directive, which was published Thursday and will take effect on Sept. 10, will apply to certain Boeing 737-8, 737-9, and 737-8200 model airplanes. The FAA estimates that the mandatory inspections will affect 471 jets in the U.S.

This Fashion IPO's Growth Story Looks Flimsy

Reformation, fashion's latest initial public offering, is full of buzzwords: Sustainability, data-driven design and fast manufacturing are just a few appearing in its filing. But they might not be enough to protect its viral dresses from going stale.

The clothing brand, which became famous for making sustainable dresses that aren't frumpy, made its public-market debut last week. Its shares are up 7.5% from its offer price, giving the company a market cap of about $1 billion, nearly two times last year's revenue. That multiple is somewhere between Gap, which fetches a market cap that is about half of its trailing 12-month revenue, and Aritzia, which trades at four times.

Volkswagen Backer Porsche SE Calls for Faster Overhaul After $3.5 Billion Hit

Volkswagen's major shareholder urged swift action to improve competitiveness at the German automaker as it booked billions of euros of impairments on its investment.

Porsche Automobil Holding SE, which holds over 53% of ordinary shares in Volkswagen, said it recognized 3 billion euros ($3.46 billion) of impairments in the first half of the year related to its investment, and another 200 million euros on its Porsche holding.

SK Hynix to Invest $38 Billion on Expansion of Chip Production Capacity

SK Hynix plans to invest about $38 billion to expand semiconductor production capacity in South Korea, as it seeks to ramp up output to meet growing demand fueled by the artificial-intelligence boom.

The world's second-largest memory chip maker said Friday that its board approved 54.3 trillion won, equivalent to $38.15 billion, in investments-comprising 35.2 trillion won for new chip fabrication facilities in Yongin, south of Seoul, and 19.1 trillion won for new fabrication facilities in Cheongju, central South Korea.

Food Prices Rise in July As Weather, Wars Lift Costs and Weigh on Crop Yields, UN FAO Says

World food prices rose in July as heatwaves and supply disruptions in the Middle East and Black Sea regions pushed up prices and lowered crop yields, the United Nations' Food and Agriculture Organization said.

The FAO's food price index-which tracks a basket of widely traded food commodities-averaged 131.1 points last month, up 0.6% from its June level and 1% higher than a year ago. Gains in cereal, sugar and vegetable oils outweighed declines in meat and dairy prices.

Three Things to Know About China's Export Boom

China's exports have surged this year, driving its economic growth while threatening to exacerbate tensions with trading partners. Here are three things to know about China's latest monthly trade data, released Friday by the country's customs agency.

German Industry's Resilient Streak Continues Despite Lingering Uncertainty

German industrial production unexpectedly rose in June, extending a run of resilient manufacturing data that suggests Europe's largest economy has so far shrugged off the economic fallout from the war in the Middle East.

Factory output increased 0.2% on month after rising 0.7% in May, data agency Destatis said Friday. Economists polled by The Wall Street Journal had expected production to be unchanged.

U.S. Intel Finds Putin Could Test NATO's Resolve With Limited Incursion

WASHINGTON-Russian President Vladimir Putin could try to test NATO's resolve with a limited assault on an allied country in the next few years, according to new U.S. intelligence reports that posit possible scenarios ranging from a cyberattack to a small-scale land incursion.

The assessments, described by U.S. officials, come amid a shortfall in certain critical munitions that the military would need to confront Russia or China in a potential future war. The U.S. has severely degraded its stockpile of these weapons because of transfers to Ukraine after Russia's invasion, as well as the U.S. conflict with Iran. Stockpiles at risk include long-range Precision Strike Missiles and Army Tactical Missile Systems, as well as short-range Stinger surface-to-air missiles, other officials said.

China's New Export Engine: Supplying the Factories of the World

DONGGUAN, China-This city near Hong Kong helped turn China into the world's factory floor decades ago, churning out the cheap toys, shoes, clothing and electronics that powered the country's economic rise.

These days, Dongguan is at the center of a new industrial transformation: China is becoming a factory for factories. No longer just a producer of low-value consumer goods, China is now exporting more of the higher-value intermediate and capital goods that underpin global manufacturing, such as chips, precision machinery and robotic arms.

Can Iran's Diminished Diplomats Deliver a Hormuz Deal?

Arab mediators working on a deal with Iran to reopen the Strait of Hormuz said they fear the country's diplomats, who are under pressure from hard-liners in Tehran, lack the clout to guarantee compliance even if an agreement is reached.

The concerns, based on a pattern of faltering diplomatic efforts and conversations with Iran's negotiators, come as top Iranian representatives in the talks are increasingly under fire at home from hard-line officials and commentators who argue they are cutting deals that sell the country short.

Max Miller to Loan Campaign $1 Million, Rejecting Calls to Withdraw

WASHINGTON-Embattled Rep. Max Miller is lending his campaign $1 million, as he faces pressure to drop out of his competitive Ohio re-election race over allegations of domestic abuse, the latest sign that the two-term congressman is determined to stay in.

Miller said he plans to transfer $1 million to his campaign in two installments of $500,000. "I am invested in this election in every way and I will invest the resources into my campaign to win," he said in a statement.

Write to priscila.barrera@wsj.com

TODAY IN CANADA Earnings:

Algonquin Pwr 2Q Canopy Growth 1Q Div Royalty 2Q Docebo Inc. 2Q DRI Hlthcare 2Q Emera Inc. 2Q Ensign Energy 2Q Enterprise Grp 2Q Eupraxia Phm 2Q Fiera Cap 2Q MDA Space Ltd 2Q Skeena Res Ltd 2Q

Economic Indicators $(ET)$:

1230 Jul Labour Force Survey 1400 Jul Ivey Purchasing Managers Index Stocks to Watch:

B2Gold Corp 2Q EPS $0.29; FactSet Est. $0.04 (2 Est.); 2Q Net Income $419.6M; 2Q Basic EPS $0.31; 2Q Adj Net Income $40.9M; 2Q EPS Beats Estimates

Calfrac 2Q Revenue CAD 426.7M; FactSet Est. CAD 367M (2 Est.); 2Q Adj EBITDA CAD 73.8M; 2Q Net Income CAD 31.8M; 2Q Revenue Beats Estimates

Canaccord Genuity Group 1Q EPS C$0.36; 1Q Rev C$577.4M

CAPREIT 2Q Net Operating Income CAD 163.4M; 2Q Net Loss CAD 64M; 2Q Revenue CAD 246.4M; FactSet Est. CAD 248.8M; Reports 2Q Revenue of CAD 246.4 Million, Compared With FactSet Estimates of CAD 248.8 Million; 2Q EPS C$0.654

CES Energy Solutions 2Q Rev C$714.1M; 2Q EPS C$0.18

Chartwell Retirement 2Q FFO $0.28/Shr; 2Q Net Loss CAD 1.34M; 2Q FFO CAD 90.5M; 2Q FFO Per Share CAD 0.28; Reports 2Q FFO of CAD 90.5 Million

Cogeco Communications Announces $200 Million Reopening of Senior Secured Notes due 2033

Dominion Lending Centres 2Q Adj EBITDA CAD 12.6M; 2Q Operating Income CAD 10.6M; 2Q Pretax Profit CAD 9.72M; 2Q Revenue CAD 24.9M; FactSet Est. CAD 26.4M; 2Q Adj EBITDA Margin 50%; 2Q Revenue Misses Estimates

Dream Office REIT 2Q Net Loss CAD 7.6M; 2Q Loss C$7.58M; 2Q FFO C$0.65/ Shr; Sees 2026 FFO C$2.35/Shr-FFO C$2.40/Shr

Eastern Platinum Names Chairman Changyu Liu as Interim CEO; Liu to Succeed Wanjin Yang on Aug. 13

Extendicare 2Q Net Income CAD 30.9M; 2Q Adj FFO CAD 36.5M; 2Q Revenue CAD 611M; FactSet Est. CAD 567.2M (2 Est.); 2Q Revenue Beats Estimates

Goeasy 2Q Operating Income CAD 99.6M; 2Q Net Income CAD 15.9M; 2Q Pretax Profit CAD 21.2M; 2Q Adj EPS CAD 1.02; FactSet Est. Loss CAD 1.11; 2Q Operating Expenses CAD 290.4M; 2Q Basic EPS CAD 0.96; 2Q EPS CAD 0.96; FactSet Est. Loss CAD 1.22; 2Q Adj EPS Beats Estimates

Goldmoney Reports 1Q Net Income of CAD 4.37 Million

Imperial Metals 2Q EPS C$0.12; 2Q Rev C$166.5M

Inovalis Real Estate Investment Trust 2Q Adj FFO Loss CAD 0.27M; 2Q FFO CAD 0.37M; Reports 2Q FFO of CAD 0.37 Million

Interfor 2Q Adj EBITDA Margin 11.5%; 2Q EPS CAD 0.02; FactSet Est. CAD 0.10 (1 Est.); 2Q Net Income CAD 1M; 2Q Adj EBITDA CAD 92.3M; 2Q Sales CAD 804.4M; FactSet Est. CAD 762.3M; 2Q Sales Beat Estimates; 2Q EPS C$0.02

Jamieson Wellness 2Q Operating Margin 12.7%; 2Q Gross Margin 41.6%; 2Q Adj Net Income CAD 19.9M; 2Q Pretax Profit CAD 25.5M; 2Q Adj EPS CAD 0.46; FactSet Est. CAD 0.41; 2Q Revenue CAD 233.8M; FactSet Est. CAD 223.1M; 2Q Gross Profit CAD 97.4M; 2Q Adj EBITDA CAD 39.4M; 2Q Adj EPS Beats Estimates; 2Q EPS C$0.42; 2Q Adj EPS C$0.46; 2Q Rev C$233.8M; Raises Quarterly Dividend to C$0.25 Vs. C$0.23; Withdraws FY26 Guidance; Cites Definitive Arrangement Agreement With Kirin

Kneat. com Court Grants Final Order Approving Acquisition of Kneat by Thoma Bravo; Proposed Transaction Expected to Complete Around Aug. 11

Lassonde Industries 2Q Adj EPS CAD 7.45; FactSet Est. CAD 6.10; 2Q Operating Income CAD 40M; 2Q Sales CAD 737.7M; FactSet Est. CAD 746.2M; 2Q EBITDA CAD 67.8M; 2Q Adj EBITDA CAD 100.7M; 2Q Gross Profit CAD 227.6M; 2Q EPS CAD 3.95; FactSet Est. CAD 6.14 (2 Est.); 2Q Adj EPS Beats Estimates; 2Q EPS C$3.95; 2Q Sales C$737.7M; Anticipate 2026 Sales Will Be Slightly Below Fiscal 2025 Level; Anticipate an Increase in Transportation Costs Compared to Fiscal 2025; Anticipate Some Abatement in the Cost of Orange and Apple Concentrates in 2026

Lundin Gold 2Q EBITDA $398.9M; 2Q Adj EBITDA $346.7M; 2Q Adj Net Income $201.9M; 2Q Net Income $219.9M; 2Q Revenue $477.7M; 2Q Adj EPS $0.84; 2Q Free Cash Flow $96M; Reports 2Q Adj EPS of $0.84; 2Q Rev $477.7M; 2Q EPS 91c; 2Q Adj EPS 84c

Maxim Power 2Q Loss/Shr C$0.05; 2Q Rev C$15.3M

NexGen Energy Price Target Cut 5.1% to A$18.50/Share by UBS

NFI Group 2Q Net Income $17.4M; 2Q Adj EBITDA $104M; 2Q Adj EPS $0.23; FactSet Est. $0.23; 2Q Revenue $1.03B; FactSet Est. $965.6M; 2Q Adj Net Income $27.5M; FY Outlook Adj EBITDA $385M - 415M; 2Q EPS $0.15; FactSet Est. $0.24; FY Outlook Revenue $4B - 4.2B; FactSet Est. $3.98B; FY Outlook Above Consensus; 2Q Revenue Beats Estimates; Raises 2026 Guidance; 2Q Rev $1.03B; 2Q EPS 15c; 2Q Net $17.4M; 2Q Adj EPS 23c; Raises 2026 View To Rev $4B-$4.2B

NGEx Minerals to Spin-Out Valle Ancho Project to Hldrs Creating New S Amer Focused Lundin Group Exploration Vehicle; 2Q Loss/Shr C$0.09

Parkit Enterprise Reports 2Q FFO Per Share of CAD 0.19

Petrus Resources 2Q EPS C$0.06

Pulse Seismic Appoints Pamela Wicks as Pres and CEO; Neal Coleman Has Stepped Dn From His Role as Pres and CEO

PyroGenesis 2Q Revenue CAD 4.4M; 2Q Net Loss CAD 1.1M; 2Q Gross Margin 32%; Reports 2Q Revenue of CAD 4.4 Million

Russel Metals 2Q EBITDA CAD 138.4M; 2Q Revenue CAD 1.66B; FactSet Est. CAD 1.48B; 2Q EBIT CAD 112M; 2Q Net Income CAD 78.5M; 2Q EPS CAD 1.43; FactSet Est. CAD 1.10; 2Q Revenue Beats Estimates; 2Q EPS C$1.43; 2Q Rev C$1.66B; 2Q Adj EPS C$1.63

Saputo 1Q Net C$3M; 1Q Rev C$4.42B; 1Q EPS C$0.45

Slate Grocery REIT 2Q Net Income $14.3M; 2Q Adj FFO $11.5M; 2Q Rental Income $57.9M; 2Q FFO $14.8M; Reports 2Q Rental Income of $57.9 Million

SmartCentres Real Estate Investment Trust 2Q FFO Per Share CAD 0.58

Sun Life 2Q Net C$1.01B; 2Q EPS C$1.81; 2Q Adj EPS C$2.02; Names Joseph Natale as Next Chair; Natale to Succeed Scott Powers After Annual Meeting on May 5, 2027

Superior Plus Backs 2026 Expected Growth in Adj EBITDA of About 2%; 2Q Loss/Shr 30c; 2Q Rev $435.4M; 2Q Adj Loss/Shr 25c; 2Q Adj Ebitda $36.8M; Certarus Launches Mobile CNG Fleet Fueling and Signs First Contract

Torex Gold 2Q Free Cash Flow $94.2M; 2Q Revenue $406.9M; FactSet Est. $416M (2 Est.); 2Q Net Income $113.8M; 2Q Adj EBITDA $203.5M; 2Q Adj Net Income $84.9M; 2Q EBITDA $209.1M; 2Q Revenue Under Estimates

Tucows 2Q Gross Profit $25.8M; 2Q Net Loss $20.5M; 2Q Adj Net Loss $17.5M; 2Q Revenue $100.6M; Reports 2Q Revenue of $100.6 Million; 2Q Loss /Shr $1.84; 2Q Rev $100.6M

VitalHub 2Q Adj EBITDA CAD 8.2M; 2Q ARR CAD 101.5M; 2Q Revenue CAD 31.7M; FactSet Est. CAD 32.3M; 2Q Revenue Under Estimates Wajax Corp 2Q Rev C$515.7M

Wheaton Precious Metals 2Q Revenue $929.2M; FactSet Est. $879.3M; 2Q EBIT $667.1M; 2Q Net Income $543.2M; 2Q Basic EPS $1.196; 2Q Pretax Profit $645M; 2Q EPS $1.194; FactSet Est. $1.13 (2 Est.); 2Q Revenue Beats Estimates; 2Q EPS $1.19; 2Q Sales $929.2M; 2Q Adj EPS $1.19

Wilmington Capital Management 2Q EPS C$0.45; 2Q Rev C$1.4M

Expected Major Events for Friday 05:00/JPN: Jun Indexes of Business Conditions - Preliminary Release

05:30/FRA: 2Q ILO Unemployment and Labour Market-related indicators

06:00/GER: Jun Foreign Trade

06:00/GER: Jun Industrial Production Index

06:00/UK: Jul Lloyds House Price Index

06:45/FRA: Jun Foreign trade

06:45/FRA: Jun Balance of payments

12:30/US: Jul U.S. Employment Report

12:30/CAN: Jul Labour Force Survey

14:00/CAN: Jul Ivey Purchasing Managers Index

19:00/US: Jun Consumer Credit

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Expected Earnings for Friday ACM Research Inc $(ACMR)$ is expected to report $0.30 for 2Q.

ANI Pharmaceuticals Inc $(ANIP)$ is expected to report $1.58 for 2Q.

ARKO Corp (ARKO,ARKO-TV) is expected to report $0.15 for 2Q.

AdvanSix Inc $(ASIX)$ is expected to report $0.49 for 2Q.

Algoma Central Corp (ALC.T) is expected to report for 2Q.

Algonquin Power & Utilities Corp (AQN,AQN.T) is expected to report $0.02 for 2Q.

Alpha Metallurgical Resources Inc (AMR) is expected to report $0.30 for 2Q.

Century Casinos Inc $(CNTY)$ is expected to report $0.00 for 2Q.

Claritev Corp $(CTEV)$ is expected to report for 2Q.

Construction Partners Inc (ROAD) is expected to report $1.00 for 3Q.

Docebo Inc (DCBO.T) is expected to report $0.33 for 2Q.

Douglas Elliman Inc (DOUG) is expected to report for 2Q.

Emera Inc (EMA.T) is expected to report $0.72 for 2Q.

Ensign Energy Services Inc (ESI.T,ESVIF) is expected to report $-0.07 for 2Q.

Fiera Capital Corp (FSZ.T) is expected to report $0.09 for 2Q.

Fluor Corp $(FLR)$ is expected to report $0.72 for 2Q.

Global Partners LP $(GLP)$ is expected to report $1.24 for 2Q.

Gray Media Inc (GTN,GTNA) is expected to report $-0.03 for 2Q.

Interface Inc $(TILE)$ is expected to report $0.65 for 2Q.

Johnson Outdoors Inc - Class A $(JOUT)$ is expected to report $0.68 for 3Q.

KALA BIO Inc (KALA) is expected to report for 2Q.

Karman Holdings Inc $(KRMN)$ is expected to report for 2Q.

Kimbell Royalty Partners LP (KRP) is expected to report $0.22 for 2Q.

MDA Space Ltd (MDA.T) is expected to report for 2Q.

MarketAxess Holdings Inc (MKTX) is expected to report $1.93 for 2Q.

Nathan's Famous Inc $(NATH)$ is expected to report for 1Q.

Oncolytics Biotech Inc (ONCY) is expected to report for 2Q.

PPL Corp $(PPL)$ is expected to report $0.33 for 2Q.

Plains All American Pipeline LP $(PAA)$ is expected to report $0.41 for 2Q.

Plains GP Holdings LP $(PAGP)$ is expected to report $0.46 for 2Q.

Spectrum Brands Holdings Inc (SPB) is expected to report $1.49 for 3Q.

Star Equity Holdings Inc (STRR) is expected to report $-0.22 for 2Q.

Sylvamo Corp (SLVM) is expected to report $0.01 for 2Q.

Take-Two Interactive Software Inc (TTWO) is expected to report $-0.20 for 1Q.

The Wendy's Company $(WEN)$ is expected to report $0.17 for 2Q.

Treace Medical Concepts Inc $(TMCI)$ is expected to report $-0.30 for 2Q.

Tredegar Corp $(TG)$ is expected to report for 2Q.

Ultralife Corp $(ULBI)$ is expected to report for 2Q.

Under Armour Inc - A Share (UA,UAA) is expected to report $0.01 for 1Q.

Vistra Corp (VST) is expected to report $1.62 for 2Q.

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ANALYST RATINGS ACTIONS AppLovin Cut to Equal-Weight From Overweight by Wells Fargo

AppLovin Cut to Neutral From Overweight by Piper Sandler

Barrett Business Services Cut to Neutral From Buy by Roth Capital

Blackstone Mortgage Trust Cut to Market Perform From Outperform by Raymond James

Charles River Labs Raised to Overweight From Neutral by JP Morgan

Compass Cut to Neutral From Outperform by Zelman & Assoc

DHI Group Raised to Buy From Hold by Lake Street

EPAM Systems Cut to Market Perform From Outperform by William Blair

First Advantage Raised to Buy From Hold by Needham

Freshpet Cut to Equal-Weight From Overweight by Morgan Stanley

Global Payments Raised to Outperform From Peer Perform by Wolfe Research

HubSpot Cut to Hold From Buy by Stifel

HubSpot Cut to Market Perform From Outperform by Bernstein

HubSpot Cut to Neutral From Overweight by Piper Sandler

HubSpot Cut to Peer Perform From Outperform by Wolfe Research

HubSpot Cut to Perform From Outperform by Oppenheimer

Hudson Pacific Properties Raised to Overweight From Neutral by Piper Sandler

Hudson Pacific Properties Raised to Overweight From Neutral by Piper Sandler

Insulet Cut to Equal-Weight From Overweight by Wells Fargo

Insulet Cut to Hold From Buy by Truist Securities

Insulet Cut to Hold From Buy by Truist Securities

Insulet Cut to Market Perform From Outperform by Leerink Partners

Insulet Cut to Neutral From Buy by BTIG

Insulet Cut to Neutral From Overweight by JP Morgan

J&J Snack Foods Raised to Buy From Hold by Jefferies

Klaviyo Cut to Hold From Buy by Benchmark

LegalZoom.com Cut to Market Perform From Outperform by William Blair

LegalZoom.com Cut to Neutral From Overweight by JP Morgan

LXP Industrial Trust Cut to Hold From Buy by Jefferies

MDU Resources Group Raised to Overweight From Neutral by JP Morgan

Nextdoor Holdings Raised to Buy From Neutral by B. Riley Securities

Northwest Natural Raised to Equal-Weight From Underweight by Wells Fargo

ONE Gas Raised to Equal-Weight From Underweight by Wells Fargo

Rexford Industrial Realty Cut to Hold From Buy by Jefferies

Roper Technologies Raised to Buy From Hold by Argus Research

Sabra Healthcare REIT Raised to Market Perform From Underperform by Raymond James

Select Water Solutions Cut to Outperform From Strong Buy by Raymond James

Viemed Healthcare Cut to Hold From Buy by Freedom Broker

Zillow Group Cut to In-Line From Outperform by Evercore ISI Group

Zillow Group Cut to Market Perform From Outperform by Bernstein

Zoetis Cut to Market Perform From Outperform by William Blair

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