The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

1237 ET - A.P. Moller-Maersk beat earnings expectations for the second quarter and raised its full-year guidance, as congestion at major Chinese ports supports the freight-rate outlook, Bernstein analysts say in a research note. The Danish shipping group raised its full-year guidance for the second time in less than three months, and congestion at some Chinese ports like Shanghai and Ningbo seems to be driving this, the analysts say. "This was largely the result of higher realized freight rates, and the company is effectively suggesting this remains strong" into the second half, they add. Shares close 9.4% higher, their best one-day percentage gain since May last year. (adria.calatayud@wsj.com)

1235 ET - Shares in DHL owner Deutsche Post have experienced a rally over the past year, which means investors now expect the company to deliver earnings growth, Citi analysts say in a research note. A strong second-quarter performance from the German logistics group--also known as DHL Group--was partly supported by tight capacity due to the Middle East conflict, but boosted both consensus expectations and investors' confidence nevertheless, the analysts say. Citi cuts its recommendation on the stock to neutral from buy, but raises its target price to 59 euros from 58 euros. "While the underlying recovery remains broad-based across the business, DHL now appears fairly valued, with future upside increasingly reliant on the delivery of earnings growth," the analysts say. Shares close 0.3% higher at 55.48 euros. (adria.calatayud@wsj.com)

1223 ET - A jump in Adyen shares in response to a guidance upgrade that stems from two recent acquisitions suggests investors' fear is coming out of the Dutch payments company's stock price, AlphaValue's Quentin de Villeneuve says in a research note. Adyen reported strong first-half results, with volumes and net revenue slightly ahead of consensus estimates, the analyst says. While Adyen hadn't formally upgraded guidance, it had disclosed the Talon.One and Orb deals would contribute to its top-line growth, he adds. "Investors were fearing a growth slowdown. By boosting its revenue guidance through inorganic growth, Adyen gave the market the number it wanted to see," de Villeneuve says. Shares close 16% higher, their biggest one-day gain since February 2024. (adria.calatayud@wsj.com)

1214 ET [Dow Jones]--Cerebras Systems' selloff following the company's second-quarter results represents a buying opportunity, both UBS and Morgan Stanley analysts write in notes. For Morgan Stanley, Cerebras can unlock upside by executing on compute capacity and successfully commercializing disaggregated inference solutions with AMD and Amazon Web Services. Despite the volatility, they write, "we see little in the quarter that gives us pause." UBS analysts also underscore the importance of ramping capacity, and note that new platforms will free up room for upside next year after margins bottom out in the third quarter. Cerebras is down 12% at $230.42. (elias.schisgall@wsj.com)

1208 ET - Members of Germany's DAX blue-chip index posted their fastest earnings growth rate for the second quarter since at least the first quarter of 2024, according to Deutsche Bank. DAX companies' aggregate year-over-year earnings growth accelerated to 11% last quarter from 5% the prior quarter, equity and cross-asset strategists at Deutsche Bank say in a research note. "Most sectors contributed positively to growth, with industrials accounting for the largest part. Chemicals benefited from a major base effect. Growth in financials slowed compared to previous quarters and autos once again weighed substantially on growth," they say. Sales growth at DAX companies recovered to 3%, and would have reached 8% excluding the auto sector, according to Deutsche Bank. The DAX closes 0.1% lower. (adria.calatayud@wsj.com)

1158 ET--The post-earnings selloff of Cerebras Systems shares "largely misses the forest for the trees," Wedbush analyst Matt Bryson writes in a note. He sees the volatility as a result of high expectations going into the print, as well as the company reporting a sequential dip in hardware sales and leaving fourth-quarter expectations roughly unchanged. But these factors are secondary to Cerebras's broader story, Bryson writes. "Cerebras's success will be dictated by its ability to gain meaningful share over time (we believe it will) in the extremely large growing market for accelerators," he writes. "We believe Q2 earnings told us little about this journey, with next week's Supernova event a more likely positive catalyst for the stock." Cerebras falls 14%.

1158 ET - Drugmakers are delaying or forgoing the launch of new therapies in Switzerland due to a new U.S. policy, Swiss pharma-industry group Interpharma says. Switzerland is one of the countries the U.S. uses as a benchmark for its policy to lower drug prices and align them with those in other developed nations. Between January last year and June this year, Interpharma members declined to submit seven of a total of 22 new medicines for reimbursement by Swiss health insurers, Interpharma says, citing an internal survey. To avoid jeopardizing prices in the U.S., pharma companies held off on submitting one in three new medicines they developed, according to Interpharma. (adria.calatayud@wsj.com)

1150 ET--CAE's network optimization plan is progressing, and loss is minimal. National Bank of Canada analyst Cameron Doerksen notes in a report that the plan will see the removal of 10% of full flight simulators as well as the relocation of more than a dozen others, as well as the closing of 4-6 training centers. "Importantly, based on customer discussions so far, CAE expects to retain almost all customers impacted by training centre closures with revenue attrition at less than 1%," he says. At the same time, the flight simulator company also is making progress on divesting its noncore businesses, which represent a total of 8% of the company's revenue and "expects the proceeds from potential divestitures will more than fully fund the costs related to the transformation program." Shares are down 4.1% to C$37.02. (adriano.marchese@wsj.com)

1102 ET -- Lithium Americas' 2Q results show steady progress and disciplined execution on its flagship Thacker Pass project in Nevada. The company says detailed engineering design tops 95% and procurement exceeds 80%, and notes that mechanical completion remains on target for late 2027. The company is also pushing through cost headwinds, including an estimated $80 million to $100 million in potential tariff exposure and Middle East shipping reroutes, but still turned a small profit, and maintains its full-year capex guidance at $1.3 billion to $1.6 billion. Still, the company has $1.3 billion in reserve, as well as a new $175 million convertible debenture facility to fund its ongoing construction ramp. Shares in Toronto are up 6.6% at C$4.84. (adriano.marchese@wsj.com)

1022 ET--Chili's Big Crispy platform and margarita of the month are giving the Brinker International fast-casual chain a red hot edge over its competitors, said UBS analysts in a research note. The analysts said Chili's has shown a sizable increase in the number of chicken sandwiches sold following the Big Crispy debut with positive feedback on size, price and value relative to fast food. They projected an increase in same-store sales and positive traffic over the fiscal year with Chili's planned menu upgrades, including a revamped kids and dessert menu, and social media marketing.(grace.yoon@wsj.com)

0940 ET--CAE is planning to close four to six civil training centers as it looks to streamline operations and boost margins. The move is part of the flight simulator company's plan to achieve about C$125 million to C$150 million in structural savings by fiscal 2030. CEO Matthew Bromberg says on an investor call that right-sizing the physical footprint will "not only improve utilization rate of our network, it will also improve our civil margins." Some customers will be lost, however Bromberg says that the company expects to "retain almost all of our customer contracts as we transition them to other CAE facilities," capping expected customer attrition at less than 1% of civil revenue. (adriano.marchese@wsj.com)

0857 ET - Hapag-Lloyd's second-quarter results were broadly in line, but Deutsche Bank analysts say they remain cautious on the timing of the Red Sea reopening. The container shipping market has shown short-term strength recently, the analysts say in a note. However, the German shipping company's first half overall was weighed down by operational disruptions, particularly in the first quarter. The analysts add that a large order book for the sector could have an impact on freight rates. The Iran-backed Houthi militia in Yemen recently said it would blockade Saudi ships in the Red Sea, which would upend a route used to circumvent closures in the Strait of Hormuz. Shares in Hapag-Lloyd rose 1.87%.