Rosenblatt Securities initiates coverage of Alphabet (GOOGL.O) with a buy rating and PT $410, and of Amazon (AMZN.O) with a buy rating and PT $335.

Rosenblatt Securities: Initiated coverage of Alphabet (GOOGL.O) with a buy rating and a price target of $410. Also initiated coverage of Amazon (AMZN.O) with a buy rating and a price target of $335.

Paul Musgrave, associate professor of government at Georgetown University Qatar, points out that US President Trump's attempt to exert economic pressure on countries that trade with Iran is "very difficult to achieve." He states that Trump is trying to implement sanctions unilaterally—the kind that traditionally requires multilateral coordination—meaning he must secure the cooperation of key powers such as Russia and the permanent members of the UN Security Council. However, he adds that if Trump can actually push through these sanctions, it could still "bring some results" for the US. Musgrave also points out that one advantage for the US is that Iran's trade is highly concentrated in a few countries, including the UAE, which has already suspended related trade.

A spokesperson for the European Commission stated that there are no immediate concerns about the EU's gas supply, with current storage capacity at 62%.

Walmart (WMT.N): Comparable sales in China grew 9.7% in the second quarter.

Walmart (WMT.N): Walmart's comparable sales in the U.S. are expected to be boosted by about 50 basis points from GLP-1 drugs in fiscal year 2027, while the boost is expected to be about 100 basis points in fiscal years 2025 and 2026.