South Korea’s dominant crypto exchange is rolling out the welcome mat for DeFi lending. Upbit will list Morpho (MORPHO) in its KRW trading market on July 25 at 18:00 KST, with Euler (EUL) following one day later on July 26.
The announcement alone was enough to nudge Morpho’s price up 4.8%.
Why these two protocols, and why now Morpho and Euler both belong to a newer generation of lending protocols that take a modular approach, essentially letting users and developers customize lending markets rather than relying on one-size-fits-all pools. This contrasts with legacy monolithic platforms like Aave and Compound, where governance committees set parameters for the entire protocol. Modular lending flips that model, giving market creators more granular control over collateral types, interest rate curves, and risk parameters.
Morpho has been on a tear lately. The protocol raised $175 million in June, pushing its valuation north of $2 billion. Its active deposits now surpass $11 billion, with roughly $4 billion in outstanding loans.
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Just days before the Upbit listing, on July 22, Morpho launched a fixed-rate lending feature called Morpho Midnight on the Base mainnet. Fixed-rate lending has long been a white whale in DeFi, something traditional finance takes for granted but decentralized protocols have struggled to implement cleanly.
Euler suffered a major exploit back in 2023, but rebuilt, and its modular lending infrastructure has since expanded to new chains. On July 17, the protocol deployed on HSK Chain, broadening its capacity to offer loans against tokenized assets. Its token, EUL, was trading in the $1 to $1.70 range around the time of the listing announcement.
Morpho’s market cap sat in the $1 billion to $1.3 billion range prior to the listing, placing it roughly between the 50th and 60th largest crypto assets by market capitalization.
The Upbit effect When a token gets a KRW trading pair on Upbit, it gains direct fiat on-ramp access to millions of Korean traders who might otherwise never interact with it. Historically, this has produced sharp, short-term price spikes as new capital floods in. The 4.8% Morpho bump on announcement alone is textbook.
The back-to-back scheduling is notable. Listing both on consecutive days suggests Upbit sees enough demand to justify two DeFi lending tokens in rapid succession, rather than spacing them out to avoid cannibalizing attention.
What this means for investors Morpho’s $11 billion in deposits demonstrates real demand for more customizable credit infrastructure. First, expect increased liquidity for both MORPHO and EUL. KRW pairs tend to generate meaningful volume, particularly in the first few weeks after listing.
Second, Morpho’s fixed-rate lending launch adds a fundamental catalyst that sits underneath the listing hype. If Morpho Midnight gains traction on Base, it could attract institutional borrowers who have historically avoided DeFi’s variable-rate structures.
Euler presents a different risk-reward profile. The protocol’s recovery from the 2023 exploit is notable, and its expansion to HSK Chain shows technical ambition. EUL’s price range of $1 to $1.70 suggests the market hasn’t fully re-rated the token.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Monday.com oznámila propuštění zhruba 20 % zaměstnanců, tedy něco přes 600 lidí, v rámci restrukturalizace spojené s AI strategií. Firma zároveň očekává náklady ve výši 45 až 55 milionů USD a pro rok 2026 dál cílí na růst tržeb až o 20 %.
Monday.com, the Tel Aviv-based work management software company known for its colorful, customizable project-tracking boards, this week became the latest tech company to cite AI as a factor in job cuts. On Wednesday, the company said in an SEC filing that it will lay off about 20% of its workforce, or just over 600 employees, as part of a “restructuring plan” tied to its “ongoing transformation of its product, marketing, and go-to-market strategy” in support of “a leaner, more focused operating model” as it continues investing in its “AI-driven growth strategy.”
Co-founder Eran Zinman told employees in a LinkedIn memo that the move “was not made to reduce costs or replace people with AI,” positioning it instead as adapting the organization to a new AI-first vision the company laid out roughly a year ago when it rebranded around a platform-wide AI push. Monday.com, which has two offices in the U.S., expects $45 million to $55 million in net restructuring charges but still projects up to 20% year-over-year revenue growth for 2026.
So far, according to new Financial Times analysis, U.S. tech companies have slashed nearly 140,000 jobs since the start of this year, with Amazon, Oracle, Meta, and Microsoft alone accounting for almost 50,000 of those cuts as they funnel hundreds of billions of dollars into AI data center buildouts. Interestingly, the FT also found that companies citing AI as a factor in job cuts have underperformed the Nasdaq by almost 10% in the 30 trading days following their announcements, suggesting the market doesn’t entirely buy the stories that the companies are telling.
Still, the picture isn’t uniformly bleak. The FT notes that AI-focused companies like Anthropic and OpenAI are hiring rapidly, absorbing some of the talent shed elsewhere in the industry. And within some of the very companies making cuts, headcount is shifting rather than disappearing entirely. Meta, for instance, earlier this year moved roughly 7,000 employees into new AI-focused roles even as it laid off 8,000 others, and IBM says it’s tripling entry-level hiring for AI and hybrid-cloud roles alongside recent cuts.
Below is a running look — in reverse chronological order — at the bigger tech companies that have announced significant layoffs this year with AI as a stated factor.
Microsoft — July 9, 2026. Microsoft cut about 4,800 roles, or 2.1% of its global workforce, most of them in its Xbox gaming unit, resetting the business only three years after acquiring Activision Blizzard for $75 billion, per the FT. Separately, it offered buyouts structured as voluntary separations, without disclosing how many employees these would impact. The company said the role eliminations were “not being replaced by AI” but acknowledged “AI is changing how work gets done.” CFO Amy Hood said total headcount declined year-over-year in fiscal Q3, and was expected to keep declining as the company focuses on “building high-performing teams that operate with pace and agility” amid rising AI investment.
Oracle — June 22, 2026. Oracle disclosed in late June that it had reduced its workforce by 21,000 employees over the past 12 months, a decline of 13%, which means more cuts than was previously known, including because of AI. “The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” the company said in an annual financial regulatory filing.
GitLab — June 3, 2026. GitLab laid off roughly 350 workers, about 14% of its staff, to fund AI infrastructure investment and handle surging traffic from AI workflows. CEO Bill Staples said agentic workloads are “pushing competitors to the brink” and that the company had begun a “generational rebuild” of its core infrastructure to support what he called 100x growth requirements. GitLab is exiting 22 countries, flattening management layers, and partnering with an unspecified AI lab to rebuild its platform for agent-scale workloads. The company reported first-quarter revenue of $264 million, up 23% year-over-year, and expects to incur $30 to $35 million in restructuring costs.
Google — ongoing through May. Alphabet’s Google has quietly cut employees across its Cloud division, including its Threat Intelligence Group and Mandiant-linked cybersecurity staff, even as Cloud revenue grew 63% to exceed $20 billion for the first time and its backlog nearly doubled to over $460 billion. Over the past year, Google has cut more than a third of the managers overseeing small teams — 35% fewer managers with fewer direct reports. Unlike most companies on this list, Google has never announced a single overall number — the cuts have come through a rolling performance review process, a voluntary buyout program, and structural reorganizations, with outside estimates putting the 2026 total at between 1,500 and 3,000+ engineers.
Intuit — May 20, 2026. Intuit announced plans to eliminate roughly 3,000 jobs — about 17% of its total workforce — in a restructuring centered on reducing complexity and reallocating resources toward AI. CEO Sasan Goodarzi reportedly told staff the company is reducing complexity and simplifying the structure so it can deliver better products.
Meta — May 20-21, 2026. Meta laid off about 8,000 employees, roughly 10% of its workforce, while moving about 7,000 employees into new AI-focused roles (that they reportedly hate). CEO Mark Zuckerberg told staff the cuts were necessary because “success isn’t a given” in AI.
Cisco — May 14, 2026. Cisco announced it’s cutting nearly 4,000 jobs, about 5% of its workforce, despite reporting better-than-expected profit and revenue. CFO Mark Patterson said: “This was really not a savings-driven restructure… this is more [about] realigning … resources around silicon, optics, security and AI.”
Cloudflare — May 7-8, 2026. Cloudflare cut about 20% of its workforce (1,100 people), reporting quarterly revenue of $639.8 million, up 34% year-over-year and the highest single quarter in company history. CEO Matthew Prince wrote that “the vast majority of those we laid off last week were measurers” — middle management, finance, legal, internal auditing, and revenue recognition.
General Motors — May 12, 2026. GM eliminated 500 to 600 jobs, largely in IT roles in Austin, Texas, and Warren, Michigan, saying it was reevaluating its workforce needs amid uncertain market conditions. A person familiar with the cuts told CNBC that AI played a role in the decision but that it wasn’t the only reason. GM’s statement said it was “transforming its Information Technology organization to better position the company for the future.” Despite the cuts, the company still had roughly 80 open IT positions, including roles in AI, motorsports, and autonomous vehicles.
Coinbase — May 5, 2026. The crypto exchange said it was cutting about 700 employees, or 14% of its staff, as part of a restructuring aimed at addressing market volatility and increasing AI efficiency. The company flattened its organizational structure to five layers below the CEO and COO, and said it would experiment with “one-person teams” combining engineering, design, and product roles. CEO Brian Armstrong wrote that AI had changed the pace of work dramatically — “engineers use AI to ship in days what used to take a team weeks” — and that the company needed to “leverage AI across every facet of our jobs.”
PayPal — May 5, 2026. PayPal announced plans to cut around 20% of its workforce over the next two to three years — north of 4,500 jobs — as part of a turnaround strategy centered on AI adoption and organizational simplification. CEO Enrique Lores told investors the company would “aggressively adopt AI” in its development processes and formed a new “AI transformation and simplification” team reporting directly to him, tasked with redesigning the company’s processes “function by function.” Lores framed the cuts as removing organizational layers, and said AI would extend well beyond coding into customer service, support operations, and risk management.
Microsoft — April-May 2026. Microsoft offered buyouts structured as voluntary separations, without disclosing how many employees these would impact. CFO Amy Hood said total headcount declined year-over-year in fiscal Q3, and is expected to keep declining as the company focuses on “building high-performing teams that operate with pace and agility” amid rising AI investment.
Snap — April 16, 2026. Snap cut roughly 16% of its global workforce — about 1,000 full-time employees — and closed more than 300 open roles, with CEO Evan Spiegel citing AI advancements as a key driver. “Rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity, and better support our community, partners, and advertisers,” Spiegel wrote in a memo filed with the SEC. The company said it had already seen small squads using AI tools to drive progress across Snapchat+, ad platform performance, and infrastructure efficiency.
IBM — rolling through 2026. Between Q4 2025 cuts and April 2026 Red Hat engineering reductions, estimates range from 3,000 to 9,000 U.S. positions eliminated, bringing IBM’s cumulative total since September 2024 above 15,000. Bloomberg reported IBM plans to triple its U.S. entry-level hiring for AI and hybrid-cloud roles, even as roughly 200 HR positions were replaced by AI agents. An IBM spokesperson described the Q4 2025 round as a routine rebalancing affecting “a low single-digit percentage” of its global workforce.
Atlassian — March 11, 2026. Atlassian cut about 1,600 jobs (10% of its workforce) to “rebalance” toward AI and enterprise sales, even as shares rose nearly 2% on the news. CEO Mike Cannon-Brookes said: “Our approach is not ‘AI replaces people.’ But it would be disingenuous to pretend AI doesn’t change the mix of skills we need or the number of roles required in certain areas. It does.”
Dell — January 30 (though disclosed in March 2026). Dell’s total workforce fell about 10% in fiscal 2026 — roughly 11,000 jobs — to about 97,000 employees from 108,000 a year earlier, with $569 million spent on severance. The cuts came as Dell projected its AI-optimized server revenue could double in fiscal 2027.
Oracle — March 5-31, 2026. As noted above, Oracle began telling employees it would be cutting thousands of jobs via terminal emails. The cuts came even as Oracle posted $3.7 billion in quarterly net income, up 27% year-over-year, with remaining performance obligations up 325% to $553 billion — savings redirected toward AI data centers. The cuts that would later total 21,000 over 12 months, as Oracle disclosed in its June 22 annual filing.
Block — February 26-27, 2026. Jack Dorsey’s Block cut 4,000 jobs — nearly half its workforce, down to under 6,000 from over 10,000. Dorsey wrote on X: “We’re already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company.” He added: “I think most companies are late. Within the next year, I believe the majority of companies will reach the same conclusion and make similar structural changes.”
Salesforce — February 10, 2026. Salesforce laid off fewer than 1,000 employees across marketing, product management, data analytics, and its Agentforce AI unit. The company told Fortune, “Because of the benefits and efficiencies of Agentforce, we’ve seen the number of support cases we handle decline and we no longer need to actively backfill support engineer roles.” This followed an earlier cut of about 4,000 customer-support roles, shrinking that team from roughly 9,000 to 5,000, with CEO Marc Benioff saying the company needed “less heads” because AI agents handle the work.
Amazon — January 28, 2026. Amazon cut 16,000 corporate jobs, following 14,000 cuts in October 2025 — about 9% of its corporate workforce in three months. The company said it was part of “strengthen[ing] our organization by reducing layers, increasing ownership, and removing bureaucracy.” CEO Andy Jassy had said in June 2025 that, “As we roll out more generative AI and agents, it should change the way our work is done. We will need fewer people doing some of the jobs that are being done today… in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company.”
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Na Primoris Services byla podána hromadná žaloba kvůli údajnému klamání investorů ohledně řízení projektů. Firma zároveň přiznala, že výnosy v obnovitelném byznysu za rok 2026 klesnou o 30 % na 900 milionů USD.
SAN FRANCISCO, July 25, 2026 (GLOBE NEWSWIRE) -- A securities class action lawsuit has been filed against Primoris Services Corporation (NYSE: PRIM) and certain current and former executives who are alleged to have misled investors about the company’s project management capabilities. It seeks to represent investors who purchased or otherwise acquired shares of Primoris common stock between August 5, 2025 and June 22, 2026.
The lawsuit follows a second massive selloff in Primoris shares in six weeks – this time on June 23, 2026, when shares cratered another $23.29 (-21%). The first occurred on May 6, 2026, when Primoris shares crashed $101.69 (-50%). Both were triggered by surprise revelations of Primoris’ project management problems.
The disclosures’ toll was to erase well over $6 billion from Primoris’ market capitalization between May 5, 2026 and June 23, 2026.
National shareholders rights firm Hagens Berman continues its investigation into claims that Primoris and the other Defendants violated the federal securities laws and encourages investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist the investigation to contact its attorneys.
Class Period: Aug. 5, 2025 – June 22, 2026
Lead Plaintiff Deadline: Sept. 21, 2026
Visit: www.hbsslaw.com/investor-fraud/prim
Contact the Firm Now: [email protected]
844-916-0895
Primoris Services Corporation (PRIM) Securities Class Action:
During the Class Period, defendants repeatedly assured investors that Primoris maintained “disciplined bidding,” “well-developed estimating processes,” effective project controls, and reliable forecasting that enabled it to accurately price and execute fixed-price renewable energy projects, “manage risk,” and reliably forecast revenues, margins, and earnings.
The complaint alleges that, in contrast to these assurances (and unknown to investors), the Defendants did not disclose that Primoris’ estimating, cost-to-complete forecasting, and project oversight processes were woefully deficient. As a result, the company systematically underestimated project costs and risks on multiple significant renewable energy projects.
Investors learned the truth through a series of partial disclosures:
First, in February 2026, Primoris management attributed lower gross margins to “unexpectedly higher costs” at certain renewables projects, citing difficult soil and rock conditions that required additional labor and equipment. While management later downplayed the issue as being isolated to a single project—expressing confidence in their remedial measures—they simultaneously touted the company’s ability to “accelerate project timelines” for 2026.
Second, on May 5, 2026, the market’s confidence in Primoris’ remedial measures was shattered when the company released its Q1 2026 financial results and revealed a staggering decline in the core Energy segment, with year-over-year revenues falling by $152.9 million (13.8%) and gross profits plunging by nearly 40%.
CEO Koti Vadlamudi admitted the next day during the May 6 earnings call that Primoris’ financial results were battered by cost pressures across multiple solar projects. Moving beyond the “rock and soil” reason used just months prior, Vadlamudi cited a litany of execution-related factors as the cause of the margin collapse:
Project Redesigns: Costly changes to existing plans.Labor Issues: Inability to manage specific workforce demands.Sequencing Errors: Failures in project management and timing.Weather Disruptions: Further complicating already delayed timelines. Finally, after the markets closed on June 22, 2026, Primoris shocked investors when it announced that “[a]dditional challenges and cost overruns were identified as a result of continued progress on projects in the Company’s Renewables business.” Importantly, as a result of ongoing problems in six projects and additional challenges, Primoris said its 2026 renewables business revenues would decline 30% ($900 million) from the $3 billion revenues reported for 2025.
“We’re focused on when Primoris’ management learned of the full scope of the company’s renewables problems, including the apparent inadequacy of remediation measures,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
If you invested in Primoris and have substantial losses, or have knowledge that will assist the firm’s investigation, submit your losses now »
If you’d like more information and answers to other frequently asked questions about the firm’s Primoris investigation, read more »
Whistleblowers: Persons with non-public information regarding Primoris should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
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Hyperliquid spustil perpetual futures na akcie a jeho SPCX kontrakt na SpaceX se stal hlavním příkladem. Trh běží 24/7, umožňuje vysokou páku i short bez půjčení akcií.
When SpaceX went public, the only place most of the world could short it was Hyperliquid, where a perpetual future tracked the IPO of the decade tick for tick, and a whale ran a $14 million leveraged short no brokerage would have offered. Equity perps are the first crypto product Wall Street cannot ignore, and regulators cannot place, and this is the audit of what they actually are.
Summary
Hyperliquid, the dominant on-chain derivatives venue with roughly 70% of decentralized perpetuals volume and around $1.3 billion in annualized fees, now lists perpetual futures on stocks, with its SpaceX contract as the breakout case. The SPCX perp traded the IPO of the decade before, during, and after the listing, ran to a $228.74 high alongside the stock’s $225.64 peak, tracked its 48% collapse, and hosted positions like a 10x-leveraged $14 million short paired with a 40x $60 million Bitcoin short, structures no retail brokerage offers. Equity perps deliver what the equity market rations: 24/7 trading, high leverage, short exposure without locates or borrow fees, and access for the global majority locked out of US brokerage accounts, all against an oracle price and a funding rate instead of shares. The product’s honesty requires its limits: holders own no equity, no dividend, no claim, only a synthetic exposure whose integrity depends on oracle quality and venue solvency, on platforms mostly outside US jurisdiction. The regulatory placement is unresolved by design: synthetic equity exposure with no share changing hands sits between the SEC’s securities world and the CFTC’s derivatives world, on infrastructure neither reaches, and the CLARITY-era jurisdiction map does not cover it. The most interesting trade of June was not in a stock. When SpaceX completed the largest IPO in history and its shares began their 48% descent, an anonymous trader on Hyperliquid, the blockchain derivatives venue, was running a combined position no prime broker would have blessed and no retail app could have executed: a $60 million Bitcoin short at 40x leverage paired with a $14 million short on SPCX at 10x, a pure bet on the deflation of the year’s twin euphorias, placed on rails that never close, require no borrow, and asked no questions.
The instrument making it possible, the equity perpetual future, is the crypto industry’s quiet invasion of the stock market: a synthetic contract that tracks a share price via oracle, settles in stablecoins, charges longs or shorts a funding rate to keep the peg, and trades around the clock at leverage American brokerages reserve for institutions, on venues most of the world can reach with a wallet.
Hyperliquid’s SPCX contract, born before the IPO priced and still trading through the stock’s every convulsion, is the product’s proof of concept and its perfect case study, and this piece uses it as one: what equity perps actually are, what they genuinely fix, what they quietly are not, and why the regulatory map, freshly redrawn for crypto by the CLARITY era, has no square for them at all.
The machine: how a stock trades without shares An equity perpetual is three mechanisms in a trench coat, and each deserves one honest paragraph.
The first is the oracle. No share of SpaceX exists anywhere in the system; the contract’s reference is a price feed, assembled from the listed market’s data during exchange hours and from the perp’s own supply and demand when Nasdaq sleeps. This is the design’s power and its softest point in one: the feed makes the synthetic possible, and every question about the product’s integrity is ultimately a question about the feed, its sources, its manipulation resistance, its behavior when the underlying halts, gaps, or, as with SPCX in its lockup-shadowed churn, moves violently on thin news.
Perp venues have run oracle machinery for crypto assets for years at scale; equities add wrinkles crypto never had, official closes, halts, corporate actions, and the young history of equity perps includes the learning curve those wrinkles imply.
The second is the funding rate, the elegant trick that replaces ownership. Because nothing forces a perp’s price toward the stock’s, the contract pays a periodic transfer between longs and shorts; whichever side is heavier pays the other, so deviation from the reference price becomes expensive and arbitrage pulls the peg tight.
The funding rate is also the product’s honest price tag: holding a leveraged equity view costs whatever the crowd on your side must pay, which in euphoric stretches, SPCX’s first week, say, made long exposure meaningfully expensive, a cost structure entirely unlike owning shares and closer to a rolling options position. Traders who read funding as information, crowding, sentiment, squeeze risk, get a signal equity markets deliver only obliquely.
The third is the venue itself. On Hyperliquid, order book, matching, and liquidations run on-chain, collateral is stablecoin, and the exchange’s economics, roughly $1.3 billion in annualized fees at about 70% of the on-chain perps market, fund the token model this publication has covered as crypto’s clearest value-accrual machine. Equity perps arrived through the venue’s expansion of builder-deployed markets, the mechanism opening listings beyond crypto pairs, and the roster now reaches into stocks, indices, and commodities.
The plumbing matters because it defines the counterparty question: an equity perp holder’s real exposures are the oracle, the liquidation engine, and the venue’s solvency, not any transfer agent or clearinghouse, and those exposures live, for most such venues, offshore and on-chain, exactly where the traditional system’s guarantees do not.
What it fixes, honestly The bull case for equity perps is not hype; it is a list of the equity market’s genuine rationing decisions, each of which the perp un-rations.
Time: stocks trade 32.5 hours a week; the news that moves them does not. The SPCX perp priced Starship’s failed test, the Cursor-acquisition backlash, and every lockup rumor in real time, weekends included, while shareholders waited for Monday.
For an asset class whose defining events, launches, in this case, literally happen at all hours, continuous price discovery is not a gimmick, and the perp’s around-the-clock tape has already become, for SpaceX watchers, the leading indicator the listed market opens to.
Access: a US brokerage account requires US residency, documentation, and, for anything beyond cash equities, suitability gates; the global majority is structurally excluded from the market that prices the world’s most important companies. A perp venue asks for a wallet.
Whatever one thinks of the compliance implications, and they are the final section’s subject, the distributional fact is real: equity perps are the first instrument through which a trader in Lagos or Karachi shorts an American IPO on the same terms as a fund in Connecticut.
Shorting: the equity market’s short path, locate the borrow, pay the fee, face the recall, buy-in risk, and, for a fresh IPO like SPCX with its 911.5 million share lockup, borrow scarcity that makes shorting practically institutional-only, is friction by design. The perp deletes all of it: shorting is symmetric with longing, no locate, no borrow, no recall, which is why the instrument’s clearest use case so far is exactly the whale trade this piece opened with, and why fresh IPOs, where the listed short is hardest, and opinion is hottest, are where equity perps found product-market fit first.
Our own coverage of SPCX’s descent noted the perp and the tokenized versions tracking the collapse in lockstep with the stock, a three-venue price war in which the crypto rails, not the exchange, offered the only practical retail short.
Leverage and capital efficiency complete the list; 10x on a stock position with stablecoin collateral is a different capital regime than Reg-T margin, and together the four fixes explain the product’s trajectory better than any narrative: equity perps grow wherever the traditional market’s rationing binds hardest.
What it is not, and where it cannot be placed The audit’s other half is shorter and sharper, because the perp’s limits are as structural as its fixes.
It is not equity. No dividend, no vote, no claim in bankruptcy, no share: the holder owns a cash-settled bet on a number, and the number’s connection to the company runs entirely through the oracle.
In calm markets the distinction is pedantic; in the scenarios that define instruments, a halt, a delisting, a corporate action, an oracle failure, a venue insolvency, it is everything, and the young product’s stress record is thin precisely where equities generate their worst stresses.
The tokenized-equity reckoning this publication audited after the SpaceX IPO, products scrapped, buyers refunded, late vintages underwater, is the adjacent cautionary tale: synthetic exposure to private and newly public equity is exactly where the gap between marketing and mechanism has already cost real money.
And it is not placeable, yet, on any regulatory map. A perpetual future on a security, offered without the security, settles into a jurisdictional void the American system has spent two years mapping everything except: the SEC governs securities and the platforms that touch them; the CFTC governs derivatives on commodities; the CLARITY framework, whose implementation this publication has covered in detail, allocates digital assets between them, and a synthetic stock position on an offshore chain answers to neither cleanly.
US platforms do not offer equity perps for precisely this reason; offshore and on-chain venues offer them to everyone else, and the enforcement perimeter, as with every offshore derivatives wave before, reaches the marketing, the fiat ramps, and the US-person access, not the protocol.
The honest forecast is the one the product’s own growth writes: volumes concentrating offshore, a widening data gap between the priced world and the regulated one, and eventually, once the instrument prices something systemic, a jurisdictional fight that will make the prediction-market war look tidy, because at least an event contract admits what it is. An equity perp is a security’s price without the security, the purest regulatory-arbitrage instrument crypto has produced, and the system it arbitrages has not yet noticed the size of the hole.
The venue underneath: why this happened on Hyperliquid The product’s story is inseparable from its venue, because equity perps did not emerge on a neutral substrate; they emerged on the one platform whose economics and architecture made them almost inevitable, and the causation teaches something about where crypto’s product frontier actually lives.
Hyperliquid’s qualifications are three. Liquidity first: at roughly 70% of on-chain perpetuals volume, with open interest and depth that dwarf its decentralized rivals, it is the only venue where a $14 million single-position equity short meets a book that can absorb it, and derivatives listings live or die on day-one depth.
Machinery second: a fully on-chain order book, matching engine, and liquidation system, hardened by years of crypto perps at scale, generalizes to any oracle-priced underlying, which is precisely what the builder-deployed markets mechanism formalized, opening the listing function beyond the core team and letting the equity roster grow at ecosystem speed rather than committee speed.
And incentives third: the venue’s fee engine, the roughly $1.3 billion annualized flow whose token mechanics this publication has covered as crypto’s most direct value-accrual machine, means every new asset class listed compounds the platform’s core loop, giving the ecosystem a structural hunger for exactly the kind of frontier products that traditional venues must clear through legal departments first. Where a regulated exchange asks whether it may list synthetic SpaceX, a permissionless listing mechanism asks only whether anyone will trade it, and the answer, June showed, was emphatic.
The concentration cuts both ways, and the audit owes the caveat. A product category living overwhelmingly on one venue inherits that venue’s specific risks: its oracle choices become the category’s oracle standard, its solvency becomes the category’s systemic question, and its governance, including the validator-set concentration questions that have followed the platform since launch, becomes the category’s political exposure.
Traditional equity infrastructure disperses these risks across exchanges, clearinghouses, and transfer agents by regulatory design; the equity-perp stack concentrates them by architectural choice, trading resilience for velocity. That trade has run in crypto’s favor for two years of calm-to-volatile markets. The scenario that would reprice it, a venue-level failure during an equity stress event, with synthetic positions on halted underlyings and no clearinghouse behind the book, is the category’s true tail, unpriced precisely because it is unprecedented, and anyone sizing positions in these instruments should price the venue before pricing the view.
What to watch The roster’s growth. Which equities get perps next, and how fast listings follow retail heat. The pattern so far, fresh IPOs and locked-up names where shorting is hardest, is the tell for where the product’s edge actually lies, and the first perp on a halted or delisted name will write the stress-test chapter early.
Funding rates as the new sentiment tape. SPCX perp funding, and its successors’, is becoming the cleanest continuous read on positioning in names the options market covers only during business hours. Expect equity desks to start quoting it, quietly, the way they came to watch crypto funding.
The basis triangle. Perp versus listed stock versus tokenized versions: three prices for one exposure, on three legal architectures. Divergences in stress are where the instruments’ true differences surface, and the first sustained break will teach the market which venue leads and which merely follows.
The first US regulatory contact. An enforcement action, a no-action letter, or a CLARITY-era rulemaking that names synthetic equity exposure would end the placement void. Until then, the product grows in the gap, and the gap is the story.
One historical rhyme completes the audit, because the market has seen this movie’s structure before. Contracts for difference, CFDs, ran the same play against the equity market two decades ago: synthetic exposure, high leverage, no ownership, offered offshore to retail the regulated market rationed out, and they grew into a permanent, regulated, and repeatedly scandal-scarred fixture of European and Asian trading, banned outright for US retail to this day.
Equity perps are CFDs rebuilt on crypto rails, with three genuine upgrades: transparent on-chain positioning instead of dealer books, funding rates set by market balance instead of broker discretion, and self-custodied collateral instead of client-money accounts, and one genuine downgrade: the absence of any regulatory perimeter at all, even the imperfect one CFDs eventually accepted.
The CFD precedent predicts the arc: rapid offshore growth, a defining blowup that forces structure, then bifurcation into regulated products where allowed and gray markets where not. It also predicts the endgame nobody in crypto says aloud: the traditional exchanges, watching a parallel equity market price their listings around the clock, will eventually either extend their own hours, list their own perpetual-style products, or buy the venues, because that is what incumbents do to successful arbitrage.
The instrument’s deepest significance may be exactly that pressure: equity perps are the market’s demonstration that the 32.5-hour trading week is a policy choice, not a law of nature, and demonstrations of that kind have a way of ending with the incumbents adopting what they could not suppress.
Frequently Asked Questions What is an equity perpetual future? A derivative that tracks a stock’s price without any share existing in the system: an oracle feeds the reference price, traders post stablecoin collateral for leveraged long or short exposure, and a periodic funding-rate payment between longs and shorts keeps the contract’s price pegged to the stock’s. It trades continuously, including when the underlying market is closed, and settles in cash, never in shares.
Why did SpaceX’s perp become the breakout example? Because it offered what the listed market could not. The SPCX contract traded through the IPO of the decade around the clock, tracked the stock from its $225.64 peak through its 48% collapse, and enabled short exposure, including a documented 10x, $14 million short paired with a 40x Bitcoin short, at a moment when the fresh IPO’s lockup made traditional borrowing scarce and practical shorting nearly impossible for retail.
What do equity perps genuinely improve on? Four rationing decisions of the equity market: hours, with 24/7 trading against a 32.5-hour week; access, with a wallet replacing residency-gated brokerage accounts for the global majority; shorting, with no locates, borrow fees, or recall risk; and capital efficiency, with high leverage on stablecoin collateral. The product grows wherever these constraints bind hardest, which is why new IPOs led adoption.
What does a holder of an equity perp actually own? A cash-settled position on a number, nothing more: no dividend, no vote, no bankruptcy claim, no share. The exposure’s integrity depends on the oracle’s accuracy, the venue’s liquidation engine, and the platform’s solvency, typically on offshore, on-chain infrastructure outside traditional investor protections. In halts, delistings, corporate actions, or oracle failures, the differences from equity ownership become decisive.
Who offers these products, and can US users trade them? On-chain derivatives venues, with Hyperliquid, at roughly 70% of decentralized perpetuals volume and about $1.3 billion in annualized fees, as the category leader through its builder-deployed markets. US platforms do not list equity perps because of their unresolved legal status, and offshore venues restrict US persons formally; practical access, as with every offshore derivatives generation, varies with enforcement of the perimeter.
How do funding rates work, and why do traders watch them? Whichever side of the contract is more crowded pays a periodic fee to the other, making deviation from the reference price costly and pulling the peg tight. The rate doubles as a sentiment gauge: expensive long funding signals crowded bullishness and squeeze risk, and because it prints continuously, it offers positioning information about a stock even while the listed market sleeps.
Where do equity perps sit legally? In a void. They are synthetic exposure to securities offered without securities, on infrastructure the SEC does not reach, in a derivative form the CFTC’s commodity jurisdiction does not clearly cover, and the CLARITY-era framework allocating digital assets between the agencies does not address them. That placement question, unresolved and growing with the product’s volumes, is the category’s defining regulatory story.
Should traders use them? That is an individual decision this article does not make. The honest framing: equity perps are powerful instruments whose advantages, hours, access, symmetric shorting, and leverage are real, and whose risks, oracle dependence, venue solvency, funding costs, legal ambiguity, and the absence of every traditional investor protection, are equally real and mostly unpriced until stress arrives. Position sizes that assume the venue is a brokerage misunderstand the instrument. This is educational analysis, not investment advice.
Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. Derivatives trading with leverage carries substantial risk of loss; products described may be unavailable or restricted in your jurisdiction, and figures reflect data available at the time of writing. Nothing here is a recommendation to trade any instrument. Always do your own research. Information is accurate as of July 24, 2026.
Bitcoin klesá už čtvrtý den v řadě, protože americké spotové ETF zaznamenaly dva dny odlivů, včetně více než 240 milionů USD v pátek. Současně klesla šance na schválení zákona CLARITY Act na 35 %.
Spot Bitcoin ETF Outflows Rose as CLARITY Act Odds FellBitcoin price retreated for the fourth consecutive day as American investors sold their ETF holdings for two straight days. Data shows that Bitcoin ETFs lost over $240 million in assets on Friday after losing $225 million a day earlier.
As a result, the net weekly inflow was $33 million, lower than the previous week’s $75 million. BlackRock’s IBIT ETF lost over $212 million on Friday, while Fidelity’s FBTC shed over $27 million.
Falling Bitcoin ETF inflows normally send a signal that demand among American institutional investors is falling.
The selling coincided with several major events. For one, there are doubts on whether the Senate will pass the CLARITY Act. While the most important sections have bipartisan support, Democrats and consumer watchdog groups have opposed it.
They argue that the current provisions will not bar President Donald Trump and his family members from issuing tokens. Recent disclosures showed that Trump pocketed over $1.4 billion in crypto profits last year, even as most supporters lost billions.
Odds of the CLARITY Act being signed into law have dropped to just 35% on Polymarket. Earlier this year, these odds were 75%.
Polymarket odds of CLARITY Act being signed into law | Source: Polymarket
The CLARITY Act aims to change how the crypto industry is regulated by giving the more lenient CFTC more power than the SEC. It also sets rules for stablecoin rewards and how digital assets are classified.
Bitcoin’s weakness also coincided with the rising odds that the Federal Reserve will hike interest rates amid the ongoing US-Iran war. Odds of a rate hike happening this year have jumped to over 70%. In most cases, Bitcoin and other risky assets underperform the market in a high interest rate environment.
Bitcoin Price Dropped After Hitting a Key ResistanceTechnicals show that BTC price retreated after hitting the crucial resistance level of $67,018, its highest level on June 15. That is a sign that it formed a double-top pattern, a common reversal sign.
The coin also found resistance at the 100-day Exponential Moving Average (EMA). It also moved below the Supertrend indicator.
Therefore, the coin will likely remain under pressure as long as it is below the resistance level of $67,018. A move above that price will point to more gains, potentially to the psychological level of $70,000.
Image: Shutterstock
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Spotové Bitcoin ETF v USA zaznamenaly v první polovině roku 2026 čisté odlivy ve výši 5,4 miliardy USD a poprvé od spuštění skončily v pololetí v minusu. V červnu z nich odteklo zhruba 4,5 miliardy USD, což byl rekordní měsíční odliv.
The honeymoon is officially over for spot Bitcoin ETFs. After a record-breaking debut in January 2024 and two years of near-uninterrupted capital inflows, the products have hit a wall in 2026, with net flows turning negative for the majority of the year so far.
The numbers tell an uncomfortable story US spot Bitcoin ETFs recorded $5.4 billion in net outflows during the first half of 2026, marking the first negative half-year since the products launched.
To put that in context: these same funds had accumulated $56.6 billion in cumulative net inflows over their first two years of existence.
June 2026 was particularly rough. The month produced roughly $4.5 billion in outflows, the largest single-month exit on record for spot Bitcoin ETFs.
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BlackRock’s IBIT was a significant contributor to the selling. In one reported week alone, IBIT saw $1.34 billion in redemptions.
By mid-July, year-to-date net flows had crossed into negative territory for the first time. There were occasional bright spots: a three-day stretch produced a $510 million rebound. But brief recoveries have not been enough to reverse the broader trend that has defined the year.
Why the money is leaving The most straightforward explanation is Bitcoin’s own price performance. ETF wrappers made it easier than ever to buy Bitcoin exposure, and that convenience works in both directions.
The second factor is competition from AI-related assets. Capital rotation is a real phenomenon, and the narrative around artificial intelligence has been loud enough in 2026 to pull institutional dollars away from crypto.
What this means for Bitcoin markets and investors Second, the outflow trend from IBIT specifically is worth watching. BlackRock’s fund became the dominant venue for institutional Bitcoin exposure in a remarkably short time. When the largest player in a product category starts seeing consistent redemptions, it tends to get noticed by other institutional allocators who benchmark against each other.
Third, the $56.6 billion in cumulative inflows that built up over 2024 and 2025 represents a large pool of capital sitting at various cost basis levels. Some of that capital is profitable and may be taking gains. Some may be underwater and holding on.
A $5.4 billion outflow in a half-year is significant, but it lands against a backdrop of $56.6 billion in prior inflows. The question worth asking is not whether the outflows are large in absolute terms, because they are, but whether they represent a temporary correction in enthusiasm or a more durable structural shift in how institutions want to hold Bitcoin.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
CLARITY Act má v Senátu už jen 30% šanci na schválení, protože chybí hlasy a před letní přestávkou zbývají 4 dny. Neúspěch by prodloužil regulační nejistotu pro americký kryptotrh.
The CLARITY Act, a flagship bill to regulate cryptos in the United States, is on the brink of failure. With 4 days to convince the Senate, its adoption has only a 30% chance of success. Between political deadlocks and economic stakes, the future of Bitcoin and altcoins is at play now.
In Brief Urgency in the Senate: 4 days to adopt the CLARITY Act, with only a 30% chance of success. Political deadlocks: Democrats and Republicans divided on ethics and crypto regulation. Stakes for Bitcoin: Adoption could boost cryptos, failure would plunge them into uncertainty. The U.S. Senate Has 4 Days to Save the CLARITY Act, Chances Drop to 30% The CLARITY Act, this long-awaited bill to clarify crypto regulation in the United States, sees its adoption chances drop to 30%, according to Galaxy Digital. The reason? A dire lack of votes in the Senate. Indeed, with only 4 days before the summer recess, Republicans, who control 53 seats, struggle to gather the 60 votes required to avoid a filibuster.
Democrats, led by Elizabeth Warren, strongly criticize the bill, especially on ethical provisions (entrusted to the Department of Justice) and the sunset clause in 2029. Meanwhile, Mitch McConnell, Republican leader, has been absent since his hospitalization, further reducing the chances of success. Alex Thorn, director of research at Galaxy, is clear:
The time for incremental negotiations is over. A last-minute effort is needed.
If the Senate does not initiate the process by July 30, the bill will be postponed to September, where it will have to compete with the federal budget and midterm elections. A failure would mean another year of legal uncertainty for the American crypto industry.
Bitcoin and CLARITY Act: why this law could change everything (or nothing at all) Bitcoin, often considered a commodity by the CFTC, could indirectly benefit from the CLARITY Act, even if the text does not explicitly mention it. Indeed, by clarifying the roles of the SEC and CFTC, this law could reduce the risks of arbitrary lawsuits against platforms like Coinbase or Kraken, which list BTC. However, if the bill fails, Bitcoin could face increased regulatory pressure.
Without a clear framework, the SEC could continue targeting exchanges under the pretext of selling unregistered securities, as it did with Ripple. Conversely, if the CLARITY Act passes, Bitcoin could attract more institutional capital, notably through spot ETFs. Clear regulation would also strengthen BTC’s legitimacy as a digital store of value, against competitors like gold or the dollar.
The CLARITY Act is at a turning point. Its failure would plunge cryptos into uncertainty, while its adoption could revolutionize the market! As Charles Schwab thinks, who sees it as a historic catalyst. But with 4 days to convince, one question remains: will senators dare to save the crypto future of the United States?
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Dogecoin exchange-traded funds saw daily net inflows stall at zero for three consecutive days this week, according to data from SoSoValue. On July 22, 23, and 24, no new funds entered Dogecoin ETFs, maintaining a stagnant flow pattern that has persisted through much of July.
Brief inflow breaks the streakDespite the overall lull, Dogecoin ETFs experienced a positive development earlier in the week. On July 21, inflows reached $345,130, temporarily halting a zero-inflow streak that had lasted since July 6. Prior to this brief spike, all trading days in July had registered no new investment in Dogecoin ETFs.
Such periods of limited activity are common for smaller or newer cryptocurrency ETFs, particularly those tracking digital assets beyond Bitcoin and Ethereum. Market analysts often note that thin trading and episodic inflows are characteristic of crypto funds with niche focus or lower recognition among institutional investors.
Cumulative inflows surpass $12 millionDogecoin ETFs have now exceeded $12 million in cumulative total net inflow. As of July 24, SoSoValue reported that overall net investments in these funds had reached $12.12 million. This week also marks the first time since the period ending June 18 that Dogecoin ETFs have posted a positive net inflow, registering $345,130 in weekly gains.
DateDaily Net InflowCumulative Total Net InflowJuly 21$345,130$12,120,000July 22$0$12,120,000July 23$0$12,120,000July 24$0$12,120,000DOGE price and futures activityDogecoin’s market price continues to face downward pressure, mirroring a wider decline in the cryptocurrency sector. DOGE was down 0.17% over the previous 24 hours and traded at $0.07 at last check.
Open interest in DOGE futures has reached $1.10 billion, signaling higher trading activity in derivative markets. However, with spot prices falling to their lowest level since November 2023, some analysts suggest traders may be positioning for further downside.
The combination of increasing open interest alongside a declining price is seen as an indicator that some participants are seeking to capitalize on falling values.
Technical signals and analyst outlookA closely followed technical indicator has offered a note of optimism. Crypto analyst Ali reported that the Tom DeMark (TD) Sequential has presented a buy signal on Dogecoin’s monthly price chart. This comes as DOGE approaches a strong support zone at $0.056.
Mini dictionary: TD Sequential, a technical analysis indicator developed by Thomas DeMark, is used to identify price exhaustion and potential trend reversals in financial markets.
If Dogecoin maintains support above $0.056, analysts point to the possibility of a rebound. Upside targets include $0.16, with a longer-term channel top near $0.45 seen as a broader objective.
Crypto analyst Ali highlighted that the TD Sequential has signaled a potential buying opportunity for Dogecoin, noting the importance of the $0.056 support level as a foundation for a possible move toward $0.16 and above.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Tether financuje dvě konkurenční sítě, Plasma a Stable, aby omezil únik poplatků za USDT na cizí blockchainy. Cílí hlavně na Tron, který drží zhruba 45 % všech USDT.
The world’s largest stablecoin issuer pays roughly $2.9 billion a year in fees to blockchains it does not control. Its answer was to back two competing chains at once: Plasma, the $373 million DeFi-flavored bet, and Stable, the enterprise rail where USDT is the gas. One issuer, two armies, one enemy named Tron, and a strategy that makes sense only when you see whose problem it solves.
Summary
Tether’s ecosystem has seeded two purpose-built USDT chains that compete directly with each other: Plasma, live since September with a $373 million token sale, a paymaster model, and roughly $551 million in DeFi TVL, and Stable, live since December with $2 billion in pre-deposits, USDT-as-gas, and an enterprise focus. The motive is a number: analyses put Tether’s annual network-fee bill near $2.9 billion, split largely between Ethereum and Tron, value that leaks to base layers the issuer does not control while its own revenue runs near $5 billion. The two chains embody opposite design philosophies, a subsidized general-purpose DeFi economy with a native token doing traditional work, versus a stripped payments rail where the dollar itself is the fuel, and opposite go-to-market strategies. The real target is not each other but Tron, which still carries roughly 45% of all USDT and earns the fees on the world’s largest remittance flows, a moat neither challenger has meaningfully dented. Funding both sides is not indecision; it is a portfolio: the issuer wins if either chain repatriates the fee leak, wins bigger if both segment the market, and loses only to the status quo it is paying $2.9 billion a year to escape. Companies do not usually finance both armies in a war, but then no company has ever been positioned quite like Tether. The issuer of USDT sits atop the most profitable simple business in finance, collecting Treasury yield on the reserves behind roughly $150 billion of circulating dollars, and it watches, every day, a substantial slice of its ecosystem’s economics leak sideways: the fees users pay to move USDT accrue not to Tether but to the blockchains USDT lives on, a bill that research houses have tallied near $2.9 billion a year, flowing mostly to Ethereum validators and, above all, to Tron, the chain that quietly became the developing world’s dollar-remittance backbone.
Tether’s response, characteristically, was not one bet but two. Plasma, backed by Tether-adjacent capital and Founders Fund, raised $373 million in an oversubscribed sale and launched in September as a general-purpose stablecoin chain with a native token, a paymaster that makes USDT transfers free, and a DeFi ecosystem that onboarded Aave, Ethena, and Euler on day one. Stable, backed by Bitfinex with Tether’s chief executive advising, drew $2 billion in pre-deposits and launched in December as something sparer: a chain where USDT itself is the gas, transfers are free by protocol rule, and the pitch is enterprise blockspace rather than yield farming.
Bitfinex-backed layer 1 Stable releases tokenomics, mainnet to go live on Dec. 8
Stable shares tokenomics details ahead of its Dec. 8 mainnet launch, with a total supply of 100B tokens distributed among ecosystem, team, investors and advisors.
— crypto.news (@cryptodotnews) December 3, 2025 Two chains, one family, the same target market, and a rivalry the ecosystem politely declines to name. This piece names it, maps the two designs honestly, and answers the question the arrangement raises: why an issuer would fund its own chain war, and what winning even means when you own both sides.
The fee leak: the war’s actual cause Start with the number that explains everything, because without it the two-chain strategy looks like a waste and with it the strategy looks obvious.
USDT’s success created a strange corporate geometry: the asset is Tether’s, the activity is enormous, and the toll booths belong to other people. Every USDT transfer on Ethereum pays gas to Ethereum validators; every transfer on Tron, where nearly half of all USDT lives and where the remittance corridors of Asia, Africa, and Latin America actually run, pays energy and bandwidth costs into Tron’s economy.
Aggregated, analyses of Tether’s ecosystem have put the annual network-fee spend associated with USDT movement at roughly $2.9 billion, against issuer revenues that industry estimates placed near $4.9 billion in the same period, meaning the base layers underneath USDT capture value at a scale approaching the issuer’s own take.
Delphi Digital’s framing of the problem is the cleanest: as issuance spread across chains, the infrastructure supporting USDT ended up largely outside Tether’s control, and the economic value generated by usage is disproportionately captured by the rails, especially Ethereum and Tron.
For most companies this would be an irritation. For a stablecoin issuer, it is a strategic vulnerability with three faces. Economically, it is margin leaking to landlords. Competitively, it funds a chain, Tron, whose operator is an independent actor with his own token, his own politics, and his own regulatory exposures, none of which Tether chooses. And architecturally, it means the user experience of the world’s most used digital dollar, fees, congestion, gas-token requirements, is set by networks optimizing for other things.
The purpose-built USDT chain is the answer to all three at once: repatriate the fees, own the rail, and design the experience around the dollar. The only question was which design, and Tether’s ecosystem answered: both.
Two chains, two philosophies The rivals are best understood as opposite answers to one question: how much chain does a stablecoin need?
Plasma’s answer is: a whole one. It is a full EVM Layer 1 with its own token, XPL, doing the traditional native-token jobs, validator staking, settlement asset, and value accrual through the chain’s growth, while a paymaster contract absorbs gas costs so that simple USDT transfers cost users nothing. The design keeps the familiar crypto economy intact: XPL had a $373 million public sale seven times oversubscribed, the chain launched with more than a hundred DeFi integrations, TVL has built to roughly $551 million, sub-second PlasmaBFT finality serves trading as well as payments, Bitcoin anchoring adds a security narrative, and a confidential-transfers module courts payroll and B2B flows.
Plasma is, in short, a general-purpose chain that subsidizes its stablecoin lane, betting that free USDT transfers pull in users whose other activity, lending, trading, yield, pays the bills and accrues to the token. The paymaster’s economics depend on exactly the patron logic this publication’s gasless-transfers guide dissects: most zero-fee chains in history died when the subsidy ran out, and Plasma’s differentiating claim is that its subsidy is underwritten by an ecosystem with a direct commercial interest in USDT ubiquity.
Stable’s answer is: as little chain as possible. No paymaster indirection, no separate gas asset at all: USDT0, the omnichain dollar, is the fee token; simple transfers are exempt by protocol rule, and the native STABLE token is confined to staking and governance, deliberately invisible to users, the architecture this publication’s companion guides map in detail.
Where Plasma courted DeFi, Stable ships enterprise blockspace, dedicated capacity for institutional payment flows, and its traction metric was not TVL but the $2 billion in pre-deposits that arrived before mainnet. The design concedes the DeFi economy to others and optimizes one thing: dollar movement at payments-grade predictability, on the bet that remittance processors, merchants, and treasuries choose rails the way they choose clearing banks: for boredom, not composability.
The philosophies produce different vulnerabilities, and honesty requires both. Plasma’s risk is dilution of purpose: a general-purpose chain competing for DeFi against Ethereum, Solana, and every L2, where free USDT transfers are a loss leader for an economy that may never outgrow its subsidy, and where the XPL token must justify itself against exactly the value-accrual skepticism this publication applies everywhere.
Stable’s risk is the mirror: a rail so minimal that its moat is only execution and alignment, with no ecosystem gravity to retain users who arrive, and a token whose value case, as our STABLE guide argues, waits on governance decisions nobody has made. One chain risks being too much; the other risks being too little; and both share the risk that actually matters, which lives in Asia, on the incumbent.
Tron: the enemy both were built to fight The polite framing says Plasma and Stable address different segments. The impolite truth is that both exist to take the same prize: the roughly 45% of all USDT that lives on Tron and the fee flows it generates.
Tron’s dominance is the most underexamined fact in stablecoin land. It hosts the largest share of the largest stablecoin, it carries the remittance and exchange-settlement flows of the markets where USDT is not a trading chip but a savings technology, and its moat is precisely the kind that whitepapers cannot breach: cash-network effects, integrations in thousands of local exchanges and OTC desks, muscle memory in a hundred million wallets, and fees that, while meaningfully nonzero, are known, tolerated, and priced into every corridor.
Both challengers aim at it explicitly, Plasma’s remittance-routing pitch is skip Tron’s TRX gas requirement, Stable’s free-transfer pitch is the same sentence with different plumbing, and both discovered what challengers of payment incumbents always discover: users do not migrate for architecture, they migrate when their exchange, their employer, or their remittance app migrates, which makes the war a business-development grind, not a technology contest.
The scoreboard that matters is therefore not TVL or transaction counts, both inflatable, but the share of USDT supply resident on each chain, and by that measure the war has barely begun: Tron’s share has eroded only at the edges, the challengers’ combined float remains a fraction of it, and the incumbent retains the advantage every toll-road owner has, profitability that funds its own retention incentives.
Which is exactly why the two-chain strategy makes sense from the issuer’s chair, and this is the piece’s resolving move. Tether does not need to pick the winning design; it needs the fee leak plugged and the rail owned by family, and funding two philosophies is how a portfolio manager attacks an uncertain market: Plasma tests whether a subsidized DeFi economy can bootstrap payments gravity, Stable tests whether enterprise minimalism can, the two chains’ competition sharpens both faster than monopoly would, and every dollar of USDT float either one wins from Tron or Ethereum converts leaked fees into family economics.
If both succeed, the market segments, retail-and-DeFi on one, institutional on the other, and the issuer owns the whole stack. If one dies, the survivor inherits its lessons and its float. The only losing scenario is the status quo, and the status quo is the thing costing $2.9 billion a year.
Wars are usually negative-sum for the combatants and profitable for the arms dealer; this one was designed by the arms dealer, which is the fact to keep in view as the ecosystem spends the next year pretending the two chains are not aimed at each other, and at Tron, and, quietly, at the $2.9 billion.
The regulatory shadow both chains share One more force shapes the war from outside it, and the family’s own coverage of Washington makes it unavoidable: both chains are Tether-ecosystem infrastructure launching into the exact regulatory window in which American law is deciding what offshore-issued dollars may do.
The GENIUS Act’s stablecoin framework, whose missed implementation deadlines this publication has chronicled, and the CLARITY Act’s market-structure fight, live on the Senate floor this very week, together draw the perimeter that will define both chains’ addressable markets. The core exposure is identical for both: USDT remains an offshore-issued dollar under frameworks built to privilege domestically regulated issuance, and every corridor the chains win converts informal USDT usage into visible, systematic flows that regulators can see, name, and gate.
The chains’ opposite strategies produce opposite versions of the exposure. Stable’s enterprise pitch runs toward the regulated world on purpose, courting institutions whose compliance departments must bless the rail, which makes it the family’s test of whether Tether-aligned infrastructure can pass American diligence at all. Plasma’s retail-and-DeFi economy runs away from that scrutiny by construction, thriving in exactly the permissionless corridors that the illicit-finance provisions of every pending bill target.
One chain bets the family can join the regulated system; the other bets it can outgrow the need to; and the legislation moving through Congress this month will grade both bets before either chain’s technology does. The honest summary for the cluster this piece opens: the fee-leak war is the family’s offensive campaign, and the regulatory perimeter is its defensive one, and the second war, unlike the first, is not one the issuer designed.
The third bidder nobody prices One actor complicates the family war’s tidy geometry, and the honest map includes it: the incumbent chains are not standing still, and the war’s most likely spoiler is not either challenger failing but the leak becoming cheaper to tolerate.
Tron’s defense is already visible in its pricing behavior: the network has periodically tuned its resource model when migration pressure rises, and its operator retains the toll-road owner’s ultimate weapon, the ability to cut fees toward zero in the corridors under attack while keeping them positive everywhere else, a price-discrimination play incumbents from airlines to telecoms have run against cherry-picking entrants forever. Every basis point Tron shaves narrows the challengers’ pitch, and Tron can shave from profits while the challengers subsidize from war chests, an asymmetry that favors the incumbent in any prolonged price war.
Ethereum’s defense is structural: the institutional and DeFi USDT that lives there is the stickiest float in the ecosystem, held for composability with the deepest markets in crypto, and no payments-optimized rail competes for it at all, which is why the realistic battlefield is Tron’s remittance float, not Ethereum’s collateral float, and why the challengers’ addressable prize is meaningfully smaller than the headline $2.9 billion suggests.
And there is a fourth trajectory the war could take, the one the arms-dealer framing predicts: the leak becoming the product. Tether’s ecosystem does not strictly need either chain to win the migration war if the chains’ existence disciplines the incumbents’ pricing, converts the issuer from rate-taker to rate-negotiator, and hands the family credible exit infrastructure it can invoke in every commercial conversation with Tron.
Leverage, not conquest, may be the strategy’s real deliverable: the $373 million and the $2 billion pre-deposits purchase, at minimum, the ability to move, and the ability to move is what turns a captive tenant into a negotiating one. On this reading, the two chains are already succeeding, quietly, in the only meeting that matters, and the float-share scoreboard understates a war whose first victory is a better lease.
What to watch USDT float by chain, quarterly: The war’s only honest scoreboard: the share of total USDT supply resident on Plasma and Stable versus Tron and Ethereum. Transaction counts inflate; resident float is the fee leak actually moving. Watch whether the challengers’ combined share reaches double digits, and whose share it comes from.
The subsidy postures: Plasma’s paymaster spend against its DeFi economy’s fee generation, and Stable’s emission schedule against its enterprise fee flows: both chains’ free tiers have funding models this publication’s framework can grade, and the first one to show cross-subsidy covering the free lane has found the sustainable shape.
A corridor flip: The event that would actually move the war: a major remittance processor, exchange, or payments app moving a named corridor’s settlement from Tron to either challenger. One real corridor outweighs any TVL milestone, and business-development announcements of that specific shape are the tell.
The issuer’s hand: Canonical USDT issuance decisions, where Tether mints natively versus where USDT0 bridges, are the issuer quietly picking favorites, and any consolidation move, shared infrastructure, a merger, a formal designation of lanes, would be the portfolio manager closing a position. The war ends the way it started: by family decision.
A closing note on the observable that will settle the philosophies faster than any strategy memo: developer behavior. Chains are chosen twice, once by users moving money and once by builders deploying products, and the two chains’ opposite designs make opposite bids for the second constituency. Plasma’s full EVM economy with a hundred day-one DeFi integrations bids for builders with composability and a token to align them; Stable’s enterprise blockspace bids with predictability and a customer base of institutions that pay for boredom.
The early returns are legible in the metrics each side brags about: TVL and integrations on one side, pre-deposits and enterprise partnerships on the other, and the metric each side avoids, and the first year of divergence will show whether payments infrastructure in crypto follows the platform playbook, where ecosystems win, or the utility playbook, where reliability does.
Tron, for what it is worth, won its position with neither: it won with distribution into exchanges and remittance desks before anyone was watching, which is the quiet reminder that the war’s decisive constituency may be neither users nor builders but the few hundred business-development conversations, with processors, exchanges, and payroll providers, that actually move float at scale. Both challengers know it, which is why the war’s real battles will be invisible, fought in integration roadmaps and settlement agreements, and reported, if at all, one corridor at a time.
Frequently Asked Questions What are Plasma and Stable, in one line each? Plasma is a general-purpose stablecoin Layer 1, live since September, with a native token (XPL), a paymaster making simple USDT transfers free, and a DeFi ecosystem around $551 million in TVL. Stable is a payments-focused Layer 1, live since December, where USDT0 itself is the gas asset, simple transfers are free by protocol rule, and the focus is enterprise and institutional flows.
Why does Tether’s ecosystem back both? Because the strategic problem, roughly $2.9 billion a year in USDT-related network fees leaking to chains outside the family, above all Tron and Ethereum, matters more than which design solves it. Backing two opposite philosophies is portfolio logic: each tests a different route to repatriating the fee flow, competition sharpens both, and any float either wins converts leaked economics into aligned economics.
How do the two chains differ technically? Plasma keeps a conventional chain economy: XPL handles staking and settlement, a paymaster subsidizes the free USDT lane, the EVM ecosystem is fully general, and Bitcoin anchoring plus confidential transfers extend the feature set. Stable removes the separate gas asset entirely, USDT0 pays fees, simple transfers are exempt, the STABLE token is confined to staking and governance, and capacity is marketed as enterprise blockspace.
Are they really competitors, or complementary? Directly competitive, whatever the diplomatic framing. Both target the existing USDT float and the same migration sources, Tron’s remittance corridors first, and both pitch the identical headline benefit of free dollar transfers. Segmentation into retail-DeFi versus institutional lanes is a possible equilibrium, but it would be an outcome of the competition, not an alternative to it.
Why is Tron the real target? Tron carries roughly 45% of all USDT, the largest share of the largest stablecoin, concentrated in the remittance and exchange-settlement corridors where USDT functions as everyday money. Its fees are the biggest single component of the ecosystem’s leak, and its moat, integrations, habits, and cash-network effects, is the one both challengers were engineered to attack, so far with only marginal erosion.
What would winning look like for either chain? Resident USDT float, not activity metrics. A challenger reaching a double-digit share of total USDT supply, or flipping a named remittance corridor’s settlement from Tron, would mark real progress. For the issuer’s ecosystem, winning is broader: any combination of outcomes that moves fee flows from external chains to family-aligned ones, including a split decision where both chains hold different segments.
What are the main risks to each? Plasma: the general-purpose trap, competing for DeFi against far larger ecosystems while its free lane depends on subsidy, and an XPL token facing the standard value-accrual skepticism. Stable: the minimalism trap, a rail with no ecosystem gravity, a token whose value case awaits governance decisions, and reliance on enterprise adoption cycles that move slowly. Both: Tron’s incumbency and the possibility that users simply do not migrate.
What does this mean for USDT holders? Little direct risk and some structural benefit: the chains compete to make USDT cheaper and easier to move, and the omnichain plumbing (USDT0) connecting them is the same system this publication’s guides describe, with the same trust stack. The war’s outcome matters more for XPL and STABLE holders, whose tokens are claims on the respective designs winning, and for the fee economics of Tron and Ethereum, the incumbents being challenged. This is educational analysis, not investment advice.
Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. Figures for fees, revenues, TVL, and supply shares are estimates drawn from third-party research and change continuously. Nothing here is a recommendation to buy, sell, or hold any asset. Always do your own research. Information is accurate as of July 24, 2026.
CoreWeave v pátek klesl o 11,4 %, protože investory vyděsily hlavně vysoké kapitálové výdaje a rostoucí zadlužení, ne poptávka po jeho službách. Tržby za 1. čtvrtletí vzrostly o 112 % na 2,08 miliardy USD, ale rychlý růst nákladů tlačí marže dolů.
CoreWeave (CRWV -11.58%) closed Friday at $71.88, down 11.4% for the session. The drop wiped out the artificial intelligence (AI) cloud provider's entire week and knocked down shares from levels above $86 at one point during the week, leaving shares below Monday's close of $73.06.
The timing is strange. Two days earlier, one of the biggest spenders in AI infrastructure said it wanted more of what CoreWeave sells. Alphabet lifted its 2026 capital spending outlook by $15 billion on Wednesday, to as much as $205 billion. On Alphabet's second-quarter earnings call, chief financial officer Anat Ashkenazi said the company would "expand the use of third-party capacity in Q3 as a bridging strategy."
CoreWeave shares rose in after-hours trading on that comment. But they gave it back Thursday, and more on Friday, alongside fellow neocloud Nebius Group, which fell 15% on Friday alone.
So, what gives? Friday's sell-off for these stocks arguably wasn't a verdict on demand. It was a verdict on what meeting that demand costs.
Here's a closer look.
Image source: The Motley Fool.
The demand story is the easy part CoreWeave's revenue climbed 112% year over year in the first quarter, to $2.08 billion, and its revenue backlog stood at $99.4 billion at the end of March. To be fair, few companies of any size can grow like that.
But the picture thins as you move down the income statement. Non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at $1.16 billion for the quarter, a 56% margin -- down from 62% a year earlier. Adjusted operating income, which charges the quarter for depreciation on all those graphics processing units and data centers, fell year over year to $21 million from $163 million. On that line, the margin went from 17% to 1%. Management expects it to expand each quarter from here, into low double digits by the fourth quarter.
The spending is running years ahead of the revenue But here's the problem.
Management expects capital expenditures of $31 billion to $35 billion this year. CoreWeave's revenue over the past 12 months was about $6.2 billion. That gap may be part of what's spooking investors.
In other words, the company plans to spend about five times its past year's sales on capacity in 2026. Zoom out, and the step-up is steep: CoreWeave reported $14.9 billion in capital expenditures in all of 2025.
One quarter tells the same story. CoreWeave generated $2.98 billion of operating cash flow during the first quarter and spent $7.7 billion on property and equipment.
Debt helps fill that gap. And the interest on it is climbing fast.
Net interest expense was $264 million in the first quarter of 2025. It reached $388 million in the fourth quarter of 2025, then $536 million in the first quarter of 2026. Management guided for $650 million to $730 million in the second quarter.
At that midpoint, CoreWeave's first-half net interest expense this year would nearly match the $1.23 billion it recorded across all of 2025.
And the balance behind it keeps growing. Total debt stood near $24.9 billion at the end of March, up from $21.4 billion three months earlier.
The backlog, meanwhile, arrives slowly. CoreWeave counted $98.8 billion of it as unsatisfied remaining performance obligations (contracted work not yet delivered) at the end of March, and expects to recognize just 36% within 24 months. The rest stretches as far out as seven years.
"This revenue backlog is near-term weighted, with 36% expected to be recognized in the next 24 months and 75% in the next four years," chief financial officer Nitin Agrawal said on CoreWeave's first-quarter earnings call.
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Near-term weighted is one way to put it. The spending happens this year, the interest accrues every quarter, and about two-thirds of that revenue isn't due until after March 2028.
And competition is a concern, too. Bloomberg reported on July 1 that Meta Platforms is building a cloud business to sell surplus AI computing capacity to outside customers. Meta also committed $21 billion to CoreWeave earlier this year, so one of the company's biggest customers may be preparing to compete with it.
So does an 11% drop make the stock cheap? At about $39 billion, CoreWeave's market value is still about six times its trailing-12-month revenue -- too high, in my opinion, for a company as speculative as this one.
Správní rada PayPal podle zpráv považuje nabídku Stripe a Advent International ve výši 60,50 USD za akcii za nedostatečnou. Akcie se obchodují kolem 56 USD, tedy asi 7 % pod nabídkou.
There are now three public opinions about what PayPal (PYPL +0.28%) is worth. A buyout group says $60.50 per share. The market says about $56. And the average analyst price target says about $53 -- below not just the offer, but the stock's current price.
The newest of the three opinions belongs to PayPal's board, which reportedly views the $60.50-per-share cash offer from privately held payments company Stripe and private equity firm Advent International as inadequate, according to multiple reports. The bid valued the payments specialist at more than $53 billion. Notably, PayPal hasn't publicly responded to the proposal. Reports say board discussions have centered on whether the bid is high enough to warrant opening negotiations at all.
For shareholders, that leaves an odd setup: a stock pinned between an offer above the market price and an analyst consensus below it. Each number is telling investors something different, and it's worth taking them one at a time.
Image source: PayPal.
Why the board views it as inadequate The bid itself came with roughly $50 billion in committed bank financing, and the offer price represented a 28% premium to where PayPal traded before news of the bid broke on July 15. Shares jumped 17% that day and closed at $55.52.
That view implies its directors value the company above $60.50. And reports suggest the bidders may raise their offer rather than walk. Famed investor Michael Burry, a PayPal shareholder, publicly called the offer an opening bid and pegged the company's value far higher. The board evidently agrees that $60.50 shouldn't be the last word.
Two prices below the offer The market is less convinced. At about $56 as of this writing, shares of the e-commerce payments company trade roughly 7% below the offer price -- almost exactly where they settled when the bid became public. A discount like that is the market's way of pricing the risk that talks collapse, financing slips, or regulators balk. After all, the bidders have reportedly weighed possible antitrust remedies, including separating PayPal's Braintree business and transferring it to Advent -- a sign that even they expect regulatory questions. If the deal died tomorrow, the stock would likely head back toward its pre-offer price of $47.37.
The analyst consensus is the harshest of the three verdicts. At about $53, the average target sits below today's share price. The analysts covering PayPal, in other words, think the company on its own (no deal, no premium) is worth less than the market is currently paying -- and that's with the stock already trading at about 10 times earnings. The company's market capitalization sits near $49 billion as of this writing, below the more than $53 billion the buyers put on the table.
The company's recent results explain the skepticism. First-quarter revenue rose 7% year over year to $8.4 billion, and total payment volume climbed 11%. But transaction margin dollars, the company's preferred measure of transaction profitability, grew just 3%.
Active accounts were 439 million, up only 1% from a year earlier and down slightly from the prior quarter, so user growth has flattened. And management's full-year guidance calls for adjusted earnings per share ranging from a low-single-digit decline to slightly positive.
This is not a business that commands a premium valuation on its fundamentals. The premium exists because someone wants to buy the company.
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So here's how I'd read the standoff. The board looks like it could be preparing to negotiate. Viewing a first bid as inadequate can be a step toward seeking a higher one. Of course, the market's 7% discount is rational, too, because deals like this one do sometimes collapse. And the analysts' sub-$55 consensus is a useful reminder of what the downside looks like if PayPal has to stand on its own numbers again.
The next card gets turned over quickly. PayPal reports second-quarter results on Tuesday, July 28. Strong numbers strengthen the board's case that $60.50 undersells the company. Weak ones hand the leverage back to the bidders -- or worse, remind everyone why the stock traded at $47 in the first place.
For current shareholders, holding through the report makes sense to me. The offer may support the shares while it remains active, and the board's stance could draw a higher bid. But I wouldn't buy shares today just to capture the spread between $56 and $60.50. That 7% gap reflects the market's read on financing, regulators, timing, and the chance that no deal happens at all. And if it does fall apart, the analyst consensus has already marked the downside. So if you hold the stock, do it because you believe in the underlying company and the stock's long-term potential.
Solana zaznamenala v květnu rekordní objem top-upů u kryptokaret ve výši 94,32 milionu USD. Tyto produkty nyní tvoří asi 22 % celkové aktivity napříč konkurenčními sítěmi.
The Solana blockchain recorded its strongest performance yet in the realm of consumer payment cards. Top-up volumes linked to crypto cards built on the network reached an unprecedented peak in May, climbing to $94.32 million. This figure marks the highest monthly total observed for such activity on Solana and underscores growing real-world usage of the chain beyond pure trading or speculative holding.
These card-related flows now account for a notable share of the broader crypto card market.
Monthly volumes processed through Solana-based products represent approximately 22 percent of the total activity across competing networks.
This positioning reflects steady gains in market share as users increasingly favor platforms that deliver fast settlement and low fees for everyday spending.
Two providers stand out as primary contributors to this momentum: KAST and RedotPay.
Both have developed card offerings that allow holders to convert digital assets or stablecoins into spendable balances usable at merchants worldwide.
Their combined activity has helped propel Solana’s portion of the sector higher, demonstrating how specialized fintech applications can drive tangible on-chain transaction volume.
The rise in top-ups signals more than isolated growth.
It points to wider acceptance of blockchain-powered payment tools among ordinary consumers.
Rather than remaining confined to niche crypto enthusiasts, these cards are facilitating routine purchases, from retail transactions to digital services.
Solana’s architecture, known for high throughput and rapid finality, appears well-suited to supporting the near-instant top-ups and settlements that card users expect.
Comments from industry participants have highlighted the practical advantage of avoiding lengthy confirmation delays that can frustrate users on slower networks.
This development fits into a larger pattern of expanding utility within the Solana ecosystem.
As more projects focus on bridging digital assets with traditional payment rails, metrics such as card top-ups serve as concrete indicators of adoption.
Higher volumes can attract additional developers, foster new product features, and encourage partnerships that further integrate the network into daily financial life.
Observers note that sustained increases in consumer spending through these channels may reinforce Solana’s competitive standing relative to other blockchains competing for payment-related use cases.
Market watchers will likely monitor whether the May peak continues or expands in subsequent months.
Consistent growth could spur further innovation in card design, rewards structures, and multi-chain interoperability.
At the same time, the 22 percent share already achieved illustrates that Solana has secured a meaningful foothold in a segment previously dominated by alternative networks.
The record top-up figures and rising market contribution from leading card issuers provide clear evidence of progress in making Solana a practical foundation for consumer payments. By enabling seamless conversion and spending of on-chain value, these products help move blockchain technology closer to mainstream financial applications, turning network capacity into everyday utility for users around the globe.
Capital One uvedla, že integrace Discover postupuje dobře: debetní zákazníci přešli na síť Discover a kreditní klienti se přesouvají na systémy Capital One. Tržby meziročně vzrostly o 4 %.
Capital One (COF +1.44%) provided Wall Street with a solid earnings update for the second quarter of 2026. But there was a lot of noise, given the company's ongoing integration of Discover. Here's the good news from the quarter, and a look at the ongoing integration effort that will determine how successful the Capital One-Discover tie-up will be.
Earnings numbers are all over the place Right now, the acquisition of Discover means Capital One will have very complicated financial results. For example, in the second quarter of 2026, the bank posted net income per share of $4.73, up from $3.34 in the first quarter of 2026 and a loss of $8.58 per share in the year-ago period. The second quarter of 2025 looks terrible in comparison, but don't get too excited about the improvement.
Image source: Getty Images.
Second-quarter 2026 adjusted earnings came in at $5.81, up from $5.48 in the second quarter of 2025. That's a solid uptick, but the difference between adjusted and GAAP earnings highlights that there are many moving parts right now. And the Discover acquisition is a big part of the story, as is the subsequent, though much smaller, purchase of Brex. For example, the loss in the second quarter of 2025 was driven by some large Discover acquisition costs. Removing those costs pushed adjusted earnings well into positive territory. In the second quarter of 2026, costs related to Discover and Brex weren't as large, but still totaled $1.08 per share.
These costs aren't going away anytime soon. So, for now, the Discover acquisition means continued earnings complexity. That's a clear negative, but there are positives to consider, too.
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The integration is going well The real story to watch today is the integration of the Discover business, which is still a work in progress. According to the company, things are going well. Capital one debit customers have been transitioned to the Discover network. And Discover's credit card customers are actively being transferred to Capital One's back-end systems. These are big, technically difficult moves that Capital One has to get right, or it could risk losing customers.
That said, Capital One is deliberately overhauling the Discover business to shift it toward a more conservative financing approach. That will likely depress Discover's performance for a bit. So there are many moving parts, but the end of the story is still a net positive for Capital One. For example, revenues increased 4% year over year, and credit quality metrics improved across the board. That's pretty much what investors should be hoping to see. So, if you can look beyond the earnings complexity, the Capital One-Discover tie-up is still moving the company in a good direction.
Apple Maps bude od roku 2027 součástí navigace v nové platformě Fordu Universal Electric Vehicle Platform prostřednictvím MapKit for Automotive. První vůz má stát kolem 30 000 USD.
Apple (AAPL +3.52%) spent about a decade trying to build a car and canceled the effort in February 2024. Roughly 2,000 employees were reportedly working on it, and the company is reported to have spent billions before shutting it down and moving much of the team to artificial intelligence (AI).
But Apple's technology is still finding its way into vehicles.
Apple and Ford (F +1.55%) announced that Apple Maps will power the navigation experience in Ford's Universal Electric Vehicle Platform beginning in 2027, delivered through a new developer kit Apple calls MapKit for Automotive. The first vehicle on that platform is a midsize electric vehicle Ford has priced around $30,000.
"Our new midsize electric vehicle will be priced around $30,000 and redefines what advanced technology can be," said Ford CEO Jim Farley in Apple's announcement.
Image source: Getty Images.
What Apple is actually supplying The arrangement goes deeper than a phone-mirroring screen. CarPlay projects an iPhone onto a car's display. This embeds Apple Maps into the vehicle itself, with Ford able to shape the look to match its own design.
Drivers get turn-by-turn directions with natural-language search, live traffic and incident data, and EV routing that preconditions the battery before a charging stop.
The more interesting piece, however, is underneath. Apple said the kit supplies road-level information automakers can use to build hands-free driving experiences, and Ford is wiring it into the next generation of BlueCruise -- its hands-free highway system.
That is a different job than drawing a map. It makes Apple a supplier to someone else's autonomy program.
"Apple Maps delivers the best map experience in the world, and we're excited to bring the power of Maps' navigation technology to Ford's innovative Universal Electric Vehicle Platform," said Eddy Cue, Apple's senior vice president of services and health.
Why this beats the version Apple abandoned Look at what Ford's side of the business actually earns and the contrast is hard to miss. Ford carries a market capitalization of about $57 billion, which is a little more than 1% of Apple's roughly $4.9 trillion. It lost money over the past twelve months. And on Friday it recalled more than 565,000 Broncos over a wiring problem that can start an engine fire.
Building cars is a capital-hungry, low-margin business. Apple would have entered it as a beginner.
Selling the software layer into it is the opposite trade. After all, Apple's services segment produced an all-time record of about $31 billion in revenue in the fiscal second quarter (the period ended March 28, 2026), up about 16% year over year, and services carried a gross margin near 75% in fiscal 2025 against about 36% for products.
Investors should maintain perspective, though. Apple hasn't disclosed what Ford pays, and a mapping license on one vehicle platform launching in 2027 arguably won't show up as a line anybody can find in the services number.
The value here is reach, not a fee. Apple Maps has been an iPhone feature since 2012, useful mainly to people already inside the ecosystem. Embedded in a Ford, it becomes something a driver uses whether or not they own an iPhone -- and every mile driven feeds map data back.
This comes at a time when Apple's business already has strong momentum. Fiscal second-quarter revenue rose 17% year over year to $111.2 billion and earnings per share climbed 22% to $2.01, with iPhone setting a March-quarter record. Growth like that came after fiscal 2025 revenue grew about 6% for the full year, so the top line has accelerated sharply.
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There are risks, of course. Ford could sell fewer of these vehicles than it hopes, the 2027 timeline could slip, and other automakers may prefer Android Automotive, the competing system from Google parent Alphabet, which already sits in some of Ford's rivals.
So what do I make of it? A small deal in dollars, and a meaningful one in direction. Apple has now bought its way into vehicles through software and services, expanding its reach and increasing its optionality for future growth opportunities.
Shares trade around $333 as of this writing, near their record high, at about 40 times earnings. That is a premium price for a company this size, and I'd say the stock is a hold rather than a bargain here.
But I own it, and Thursday is a reasonable illustration of why. The car program looked like a failure in 2024. Two years later, Apple is in the dashboard of one of Ford's most important new vehicles.
GBP/USD se drží poblíž 1,3325, i když britská data byla silnější, než se čekalo. Scotiabank ale upozorňuje, že libra dál naráží na politickou a fiskální nejistotu.
The Pound to Dollar exchange rate held near 1.3325 on Friday, having retreated more than two cents from July’s high around 1.3558.
GBP/USD is still around 0.6% higher this month, but Sterling has struggled to respond to a stronger run of UK economic data.
Over the past year, the pair has traded between approximately 1.3010 and 1.3858.
Scotiabank noted that June retail sales were far stronger than expected, while the preliminary July business surveys also surprised positively.
The manufacturing PMI rose to 52.8, signalling a solid expansion, while the services index recovered from contraction territory to 51.8.
Despite the upbeat figures, the bank said “market participants are clearly not responding to fundamentals”, with political uncertainty and concerns over the UK’s fiscal position continuing to weigh on the Pound.
Attention now turns to next Thursday’s Bank of England meeting. Rates are expected to remain unchanged, but Scotiabank anticipates a hawkish hold alongside updated economic forecasts.
Markets currently price around 16 basis points of tightening by September and 32 basis points by November.
Pound Sterling could gain if policymakers strengthen the case for a rate rise at the following meeting.
The options market is sending a more cautious signal, however, with demand increasing for protection against renewed GBP weakness.
Scotiabank linked the shift to geopolitical risks and domestic political concerns, both of which have pushed gilt yields higher.
The bank’s technical outlook remains neutral.
GBP/USD has slipped below the support previously expected near 1.3350, leaving 1.3300 as the immediate level to watch.
Stronger support is located at 1.3150, with resistance around 1.3550.
Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.
Micron Technology za poslední měsíc klesl asi o 25 % kvůli obavám z valuace, budoucí nabídky paměťových čipů a vybírání zisků po prudké rally. To i přes rekordní tržby, zisk a hrubou marži. Společnost přitom v poslední době vykázala rekordní čtvrtletní tržby 41,46 miliardy USD, upravený zisk na akcii 25,11 USD, hrubou marži zhruba 85 % a management odhadl tržby za fiskální čtvrté čtvrtletí asi na 50 miliard USD.
Micron Technology (NASDAQ: MU) has suffered a sharp correction over the past month, with shares falling about 25%.
Notably, MU shares have declined from a record high near $1,255 in late June 2026 to about $920 at press time.
MU one-month stock price chart. Source: Google Finance The drop comes despite the company reporting record revenue, earnings, and margins, highlighting growing investor concerns about the sustainability of the AI-driven memory boom.
The decline has surprised many investors given Micron’s strong financial performance. However, the sell-off reflects concerns over future memory chip supply growth, valuation risks, profit-taking after an extraordinary rally, and broader weakness across the semiconductor sector.
The downturn began shortly after Micron reported exceptional fiscal third-quarter 2026 results.
The company posted record quarterly revenue of $41.46 billion, up 346% year-over-year, while adjusted earnings per share reached $25.11, well above Wall Street estimates. Gross margins climbed to roughly 85%, and management projected fiscal fourth-quarter revenue of about $50 billion.
Why Micron stock has plunged Despite the strong results, Micron faced heavy profit-taking after a rally that saw the stock gain more than 700% over the past year on booming AI memory demand. Following the earnings-driven surge, many investors opted to lock in gains, accelerating the sell-off.
Another key concern is the cyclical nature of the memory industry. In this line, Micron has benefited from shortages of HBM, DRAM, and NAND chips used in AI infrastructure, pushing prices and margins to record levels.
However, investors fear the industry may be nearing a cycle peak. Historically, strong profitability attracts new capacity, eventually leading to oversupply, lower prices, and weaker margins.
As a result, the market is questioning whether Micron’s current earnings strength can be sustained over the long term.
Meanwhile, concerns about future supply have intensified as Samsung Electronics and SK Hynix ramp up investments to expand memory production capacity.
Their aggressive spending plans have fueled expectations that current shortages could ease in the coming years. Meanwhile, Chinese memory maker CXMT is emerging as a competitive threat, with reports suggesting some customers are exploring alternative suppliers, raising concerns about Micron’s future pricing power.
The sell-off has also coincided with broader weakness across semiconductor and AI-related stocks. Investors are increasingly scrutinizing AI infrastructure spending and questioning whether hyperscalers can generate sufficient returns from massive data center investments.
Concerns about slower AI spending growth and the development of custom chips by major technology companies have further weighed on sentiment toward AI hardware stocks.
Despite the correction, investors remain wary of assigning premium valuations to earnings they view as cyclical.
After a rally of more than 700% over the past year, even modest concerns about future profitability triggered a sharp reassessment of the stock.
Micron stock outlook On the other hand, Micron’s near-term outlook remains strong. The company has secured long-term supply agreements backed by billions of dollars in customer commitments while continuing to invest in advanced memory technologies and new U.S. fabrication facilities.
Management expects memory market conditions to remain tight through at least 2027, with only gradual supply improvements thereafter.
Assetmark v 1. čtvrtletí snížil svůj podíl v Old Republic International o 80,1 % na 31 459 akcií. Firma zároveň oznámila výnosy 2,50 miliardy USD, které překonaly odhad.
Assetmark Inc. lessened its stake in Old Republic International Corporation (NYSE:ORI – Free Report) by 80.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 31,459 shares of the insurance provider’s stock after selling 126,487 shares during the period. Assetmark Inc.’s holdings in Old Republic International were worth $1,255,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORI. V Square Quantitative Management LLC acquired a new stake in Old Republic International during the 4th quarter worth approximately $26,000. Torren Management LLC purchased a new stake in Old Republic International during the 4th quarter worth about $27,000. Commonwealth Retirement Investments LLC purchased a new position in shares of Old Republic International during the fourth quarter valued at approximately $27,000. JPL Wealth Management LLC acquired a new stake in shares of Old Republic International during the third quarter worth $27,000. Finally, Quest 10 Wealth Builders Inc. acquired a new stake in Old Republic International in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 70.92% of the company’s stock.
Insider Transactions at Old Republic International In related news, SVP Carolyn Monroe sold 13,330 shares of Old Republic International stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $38.76, for a total value of $516,670.80. Following the completion of the sale, the senior vice president directly owned 32,261 shares in the company, valued at $1,250,436.36. This trade represents a 29.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is currently owned by corporate insiders.
Old Republic International Trading Up 2.2% NYSE ORI opened at $42.23 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.23 and a debt-to-equity ratio of 0.38. Old Republic International Corporation has a 1-year low of $35.60 and a 1-year high of $46.76. The firm’s fifty day simple moving average is $39.86 and its 200-day simple moving average is $40.54. The company has a market capitalization of $10.26 billion, a PE ratio of 9.98 and a beta of 0.58.
Old Republic International (NYSE:ORI – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). Old Republic International had a return on equity of 15.41% and a net margin of 11.71%.The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Old Republic International Corporation will post 2.95 earnings per share for the current fiscal year.
Old Republic International Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were issued a $0.315 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.0%. Old Republic International’s dividend payout ratio (DPR) is currently 33.78%.
Analyst Ratings Changes A number of equities analysts have weighed in on the company. Piper Sandler decreased their price target on Old Republic International from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Friday. Zacks Research raised Old Republic International from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Weiss Ratings restated a “buy (b)” rating on shares of Old Republic International in a report on Wednesday, July 8th. Finally, Raymond James Financial set a $44.00 price target on Old Republic International in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Old Republic International presently has an average rating of “Moderate Buy” and an average price target of $41.50.
Check Out Our Latest Stock Analysis on ORI
Key Stories Impacting Old Republic International Here are the key news stories impacting Old Republic International this week:
Positive Sentiment: ORI reported second-quarter revenue of $2.50 billion, topping Wall Street expectations of about $2.38 billion and rising 5.2% year over year. Old Republic International earnings release and conference call links Positive Sentiment: The company also reported net income of $322.3 million, up sharply from $204.4 million a year ago, which supports investor confidence in underlying profitability. Old Republic second-quarter and first-half 2026 results Neutral Sentiment: Management said its ECM business should run at a 90% to 95% combined ratio, and flagged a bargain purchase gain expected next quarter, which may support future results but is not an immediate earnings driver. Old Republic expects ECM to run at a 90%-95% combined ratio Negative Sentiment: Adjusted performance was less impressive: net operating income fell to $186.0 million from $209.2 million last year, and EPS of $0.76 missed consensus by a small amount, which may limit upside. Old Republic Q2 earnings snapshot Old Republic International Profile (Free Report)
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.
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Bank of Nova Scotia ve 1. čtvrtletí zvýšila svůj podíl v Equinix o 26,4 % na 28 212 akcií. Institucionální investoři nyní drží 94,94 % akcií společnosti.
Bank of Nova Scotia raised its stake in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 26.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,212 shares of the financial services provider’s stock after purchasing an additional 5,901 shares during the quarter. Bank of Nova Scotia’s holdings in Equinix were worth $27,655,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Norges Bank bought a new stake in shares of Equinix in the 4th quarter valued at approximately $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Equinix by 408.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock valued at $929,312,000 after buying an additional 953,001 shares during the period. Cohen & Steers Inc. grew its position in shares of Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after buying an additional 493,141 shares during the last quarter. Deutsche Bank AG grew its position in shares of Equinix by 30.0% during the 4th quarter. Deutsche Bank AG now owns 1,094,808 shares of the financial services provider’s stock valued at $838,798,000 after buying an additional 252,964 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in Equinix by 709.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 286,288 shares of the financial services provider’s stock worth $219,342,000 after acquiring an additional 250,914 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.
Equinix Price Performance NASDAQ EQIX opened at $1,084.24 on Friday. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The company has a market capitalization of $106.93 billion, a PE ratio of 75.03, a price-to-earnings-growth ratio of 1.92 and a beta of 0.98. The firm’s 50 day moving average is $1,056.85 and its 200-day moving average is $986.34. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39.
Equinix (NASDAQ:EQIX – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. Equinix’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts anticipate that Equinix, Inc. will post 38.25 earnings per share for the current fiscal year.
Equinix Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, May 20th. Equinix’s dividend payout ratio is presently 142.84%.
Wall Street Analysts Forecast Growth A number of brokerages have commented on EQIX. Mizuho lifted their target price on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. HSBC raised their price target on Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Truist Financial set a $1,215.00 price objective on Equinix in a research note on Friday, May 1st. Oppenheimer reiterated an “outperform” rating and set a $1,200.00 price target on shares of Equinix in a research report on Thursday, April 30th. Finally, Morgan Stanley upped their price target on shares of Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,153.79.
Read Our Latest Research Report on EQIX
Insiders Place Their Bets In other Equinix news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of the sale, the director directly owned 17,557 shares of the company’s stock, valued at $18,615,511.53. This trade represents a 0.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of Equinix stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the transaction, the chairman owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. This trade represents a 41.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,115 shares of company stock worth $12,022,574 over the last quarter. Company insiders own 0.27% of the company’s stock.
Equinix Profile (Free Report)
Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.
Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.
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Teradyne oznámí hospodářské výsledky za 2Q FY2026 29. července; v 1Q tržby vzrostly meziročně o 87,04 % na 1,28 miliardy USD a zhruba 70 % tržeb souviselo s AI.
Teradyne (NASDAQ:TER | TER Price Prediction) reports Q2 FY2026 earnings on July 29, giving investors a read into one of the cleanest picks-and-shovels exposures to the AI buildout. The company provides testing equipment used to manufacture AI accelerators, advanced memory, and networking chips.
The company’s Q1 FY2026 earnings report showed that the business’s Semiconductor Test franchise is capturing the test-equipment spend behind every AI accelerator, memory stack, and networking chip going into a data center. That exposure drove Q1 revenue up 87.04% year over year to $1.28 billion, while non-GAAP EPS of $2.56 easily cleared the $2.11 consensus estimate. CEO Greg Smith attributed the record to a “wafer to AI data center strategy,” with roughly 70% of revenue tied to AI-related demand.
3 Reasons Teradyne Has Nearly Doubled in 2026 1. AI demand just sent Teradyne’s profits up 303%. Non-GAAP operating margin expanded to 37.5% in Q1 FY2026, from 20.5% a year earlier. Net income grew 303.36% YoY. Test equipment has fixed R&D and variable revenue, and the AI mix is now pushing incremental margins straight to the bottom line.
2. Valuation is aligned with the growth rate. Shares trade at a forward P/E of 52 against a PEG of 1.462. Analysts’ consensus price target sits at $429.88 vs. a current share price of $349.92, with 12 Buy ratings and 1 Strong Buy against just 1 Sell.
3. Capital returns keep coming. Teradyne paid $702.1 million in FY2025 buybacks and declared a $0.13 quarterly dividend.
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TER Is Growing 9x Faster Than One of Its Closest Rivals Onto Innovation (NYSE:ONTO) is one of Teradyne’s closest process-control comps. It trades at a forward P/E of 34x while growing revenue just 9.5% YoY. TER saw nine times the revenue growth rate at a slightly higher multiple. Cohu (NASDAQ:COHU), a direct semi-test peer, is unprofitable on a TTM basis with an EPS of -$1.19 and a forward P/E of 93.
China Restrictions Have Not Stopped Teradyne’s Boom Bears point to U.S. Commerce Department export controls on semiconductor equipment bound for China. However, we’re seeing signs that AI demand is dwarfing the China headwind, as TER still delivered 87.04% YoY revenue growth and a 17-point margin expansion with the restrictions in place.
Teradyne enters its July 29 Q2 earnings report with exceptional momentum: 87% revenue growth, a 303% increase in net income, and roughly 70% of revenue tied to AI-related demand. The stock’s 52x forward earnings multiple leaves little room for a slowdown, making guidance especially important.
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SoFi Technologies vstupuje do výsledků za 2. čtvrtletí 29. července s poklesem akcií o 37,13 % od začátku roku, zatímco objem úvěrů vzrostl o 68 % a čistý zisk o 134,45 %.
SoFi Technologies (NASDAQ:SOFI | SOFI Price Prediction) enters its July 29 Q2 earnings report with a sharp disconnect between its stock and its business. The stock is down 37.13% year to date, but loan originations rose 68%, net income climbed 134%, and management still expects about 30% adjusted revenue growth for the year.
At $16.46 per share, the big question ahead of Q2 earnings is whether SoFi’s falling stock price has created a buying opportunity.
Sofi Stock Is Falling While Profits Climb 135% Q1 2026 delivered record loan originations of $12.18 billion, up 68% YoY, GAAP net income of $166.73 million, up 134.45% YoY, and operating income up 150.12%. Members grew 35% YoY, and 43% of new products came from existing members, the cross-sell flywheel management has spent five years engineering.
Full-year 2026 guidance calls for $4.655 billion in adjusted net revenue (about 30% growth) and $0.60 in adjusted EPS, with medium-term guidance for a 38% to 42% adjusted EPS CAGR through 2028.
A 28x P/E Looks Cheap Against 38% to 42% EPS Growth SoFi trades at a forward P/E of 28 with a PEG ratio of 0.81. While banks typically command lower earnings multiples than the broader market, SoFi’s sub-1 PEG ratio suggests its valuation remains attractive relative to its growth. The analyst consensus price target sits at $20.58 vs the stock’s current price of $16.46, and SoFi has now met or beaten estimates for seven consecutive quarters.
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SoFi’s Bank Charter Gives It an Advantage Rivals Cannot Match Investors reaching for cheaper fintech exposure might look at LendingClub (NYSE:LC) or Upstart Holdings (NASDAQ:UPST). LendingClub carries a forward P/E of 12, but its quarterly revenue growth is 12.5% YoY, a fraction of SoFi’s. Upstart is more expensive at a forward P/E of 36 on a 4.21% profit margin and a 0.9% operating margin, but the business lacks a bank charter or a deposit base.
SoFi’s 14.8% profit margin and 18.3% operating margin show the business has strong quality, though investors have to pay up for it with the stock trading at a 28x forward P/E.
The Two Risks Investors Must Watch on July 29 Q2 Earnings The Technology Platform segment fell 27% YoY on a large client departure, and personal loan charge-offs ticked up sequentially to 3.03% from 2.80%. Both are manageable against the broader setup, but are worth watching further. Deposits of $40.24 billion now fund over 90% of liabilities, cost of funds fell 48 basis points, and net income more than doubled in the same quarter.
If charge-offs remain controlled and SoFi maintains its 2026 outlook, the current valuation could represent one of the more attractive growth setups in fintech.
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The Euro remains supported by expectations of further ECB tightening, but EUR/USD is still struggling to escape the lower end of its July range. EUR/USD traded close to 1.1371 at the end of the latest session, leaving the pair near July’s low after a subdued week for the single currency.
The Euro has fallen in six of the past eight completed sessions and is down around 0.4% for July, having retreated from a monthly high near 1.1481 to within one cent of June’s 1.1325 low.
Both ING and Nordea expect the European Central Bank to maintain a hawkish bias, with further interest-rate increases still likely.
However, neither the rate outlook nor the latest ECB meeting has generated enough momentum to push EUR/USD out of its narrow trading range.
ING expects the pair to remain supported by higher Eurozone rates, but retains a near-term downside bias towards 1.1380.
Nordea goes further, forecasting three additional 25-basis-point rate increases that would lift the ECB deposit rate from 2.25% to 3.00% by March 2027.
Latest — Exchange Rates:
Euro to Dollar (EUR/USD): 1.137117 (-0.05%)
Pound to Dollar (GBP/USD): 1.332498 (+0.09%)
Dollar to Yen (USD/JPY): 163.85169 (0.00%)
ING Sees September Hike Remaining in Play ING had expected the ECB to leave rates unchanged while preserving the hawkish market pricing already embedded in Eurozone interest rates.
Its baseline was for a hawkish hold, with policymakers attempting to prevent inflation expectations from becoming unanchored as European gas and global energy prices remain elevated.
“The aim today could be – once again – to preserve market pricing to limit the risk of inflation expectations de-anchoring,” says ING FX strategist Francesco Pesole.
ING argued that achieving this might require a clear indication that a September rate increase remained possible, either through the press conference or subsequent guidance.
The bank noted that the market had already priced approximately 45 basis points of tightening by the end of 2026, setting a relatively high hurdle for the ECB to deliver an additional Euro-positive surprise.
“The hawkish bar set by the market via pricing isn’t low,” says Pesole.
ING nevertheless expected a firm ECB stance to limit the downside for short-dated Eurozone rates and, by extension, the Euro.
The difficulty is that supportive rate differentials have not translated into a decisive EUR/USD advance.
“A central bank meeting would normally be a prime catalyst for EUR/USD to break out of its tight trading range, but we do not expect that to happen,” ING says.
The bank retained a near-term downside bias, arguing that currency markets remained too relaxed about the potential consequences of further escalation in the Gulf.
“Unless the newsflow becomes more constructive, we look for EUR/USD to slip towards 1.1380 in the coming days.”
That target has already been reached, with the pair ending the latest session near 1.1371.
Nordea Forecasts Three More ECB Rate Increases Nordea believes the ECB remains in a genuine tightening cycle rather than delivering one or two isolated increases.
The bank forecasts 25-basis-point hikes in September, December and March 2027, which would raise the deposit rate to 3.00%.
“The ECB did not touch rates today, but the message was in line with more rate hikes to come,” Nordea says.
“Our updated forecast still sees three more rate increases, but at a quarterly pace as opposed to a faster speed before.”
Nordea says the ECB’s latest communication left the door “wide open” to a September increase.
It highlights the central bank’s assessment that energy prices remained close to the assumptions used in its June forecast, which showed core inflation staying above 2% throughout the projection period even with two further rate increases already included.
The bank’s conviction does not depend on another major escalation in the Middle East or a renewed surge in oil.
Instead, Nordea expects broader price pressures and a relatively resilient Eurozone economy to keep the ECB tightening for longer.
“We think that we are amidst a hiking cycle rather than one or two isolated rate moves, and continue to expect the ECB to raise rates three more times.”
The bank has slowed the expected pace of tightening because oil prices have fallen from their earlier highs and the growth outlook has become less certain.
A rapid improvement in the geopolitical backdrop could reduce the need for further action, while a prolonged conflict and renewed energy-price increase could produce faster or additional rate increases.
Image: Nordea chart showing 25-basis-point ECB hikes in September, December and March 2027, taking the deposit rate to 3.00% - Courtesy of Nordea. Energy Inflation May Take Time to Spread Nordea argues that markets and policymakers may still be underestimating the delayed second-round effects of higher energy costs.
Its research notes that during the previous inflation cycle it took several months for rising energy prices to feed into food, goods and services inflation.
It also took considerably longer for forward inflation expectations to peak than for spot inflation itself.
“We still see risks biased towards more second-round impact on inflation than what markets and the ECB expect,” Nordea says.
This possibility supports the case for further tightening even if the immediate increase in oil and gas prices begins to reverse.
The bank also points to inflation expectations that remain above the ECB’s target across several measures.
Its report shows five-year market inflation expectations around 2.26%, while household and large-company measures remain closer to 2.9%.
Nordea expects Eurozone growth of approximately 1% in 2026, although it acknowledges that the risks are tilted to the downside.
The bank nevertheless says the economy has remained more resilient than weak purchasing managers’ surveys would suggest.
Manufacturing output and retail sales increased in the available April and May data, while second-quarter growth may have been around 0.3%.
Nordea expects household consumption to remain the primary source of positive growth, supplemented by investment in technology and defence.
EUR/USD Technical Outlook Despite the increasingly hawkish ECB outlook, the EUR/USD chart shows little evidence of sustained buying momentum.
The pair is trading close to 1.1371, below its 20-period moving average near 1.1372 and beneath session VWAP around 1.1381.
It also remains below the 200-period moving average near 1.1392, leaving the immediate intraday structure tilted to the downside.
EUR/USD attempted to recover towards 1.1390 during the latest session but failed to sustain the move.
The retreat confirms a band of resistance between approximately 1.1380 and 1.1392, with the 1.1400 level providing the next major barrier.
RSI stands around 44, having recovered from levels close to 30.
This indicates that selling pressure has eased and the pair is no longer oversold, but momentum remains below the neutral 50 threshold.
The technical picture is therefore consistent with consolidation near the lows rather than the start of a convincing Euro recovery.
Initial support is located around 1.1368, followed by July’s low near 1.1362.
A sustained break below that area would expose the June low around 1.1325.
On the upside, EUR/USD must first recover above 1.1375 and 1.1381.
A move through the 1.1390-1.1400 region would provide the first meaningful evidence that the Euro is developing greater breakout power.
Image: EUR/USD 15-minute chart showing support at 1.1362, resistance at 1.1380 and the 1.1390-1.1400 breakout zone Why ECB Hikes Have Not Lifted the Euro The lack of a stronger EUR/USD response reflects the fact that much of the hawkish ECB outlook is already priced into the market.
Nordea notes that almost a full rate increase is priced by September, another is largely priced by December and part of a further hike is reflected in March 2027 contracts.
This leaves limited room for interest-rate expectations to move further in the Euro’s favour without a fresh inflation shock or more forceful ECB guidance.
The US Dollar also retains support from higher US rates, geopolitical uncertainty and the risk that elevated energy prices eventually damage global risk appetite.
ING says the current low-volatility environment may be underestimating how quickly Dollar demand could return if financial markets lose their tolerance for higher oil and gas prices.
The Euro is therefore receiving support from ECB tightening expectations, but not enough to overcome simultaneous demand for the Dollar.
Euro Forecast 2026: Latest Bank Projections ING and Nordea both see a hawkish ECB, but the implications for EUR/USD remain restrained.
Nordea expects three further rate increases and a 3.00% deposit rate by March 2027, while ING believes policymakers will keep a September hike in play and defend current market pricing.
These forecasts should limit the risk of an immediate collapse in the Euro.
However, the rate outlook is already heavily reflected in market prices, while geopolitical and energy risks continue to favour the Dollar.
EUR/USD therefore remains vulnerable while below 1.1390-1.1400.
A break beneath 1.1362 would expose the June low near 1.1325, while only a sustained recovery above 1.1400 would suggest that hawkish ECB expectations are finally generating a meaningful upside breakout.
Kurz EUR/CHF vystoupal na zhruba 0,9304, nejvýše od ledna. UBS říká, že bezpečný přístav švýcarského franku slábne a čeká obchodování na nebo nad 0,93.
The Euro to Swiss Franc exchange rate has strengthened to around 0.9304, its highest closing level since January and close to July’s peak at 0.9315.
EUR/CHF has gained 0.8% this month and 1.3% in June, extending its recovery from the March low near 0.8981.
The pair nevertheless remains below the 12-month high around 0.9454 recorded in August 2025.
UBS believes the Swiss Franc’s traditional safe-haven appeal has faded since the opening phase of the Iran conflict, when EUR/CHF briefly fell below 0.90.
The bank says most major central banks responded to higher inflation with tighter policy, while the Swiss National Bank remained far from raising rates because domestic inflation stayed contained.
This divergence has widened the Swiss Franc’s yield disadvantage and weakened its performance against other G10 currencies.
According to UBS, “the Swiss franc’s perceived ‘safe-haven’ appeal has faded”, with the currency failing to strengthen during subsequent escalations in the Middle East.
UBS expects the Franc to underperform the Euro on both a spot and total-return basis.
The Euro offers a yield advantage of roughly 2.5%, while European fiscal stimulus should support growth and encourage greater demand for higher-returning assets.
The bank forecasts EUR/CHF at 0.93 in September, December, March and June, describing the longer-term trend as sideways.
It expects resistance around 0.9350 and sees the market establishing a new medium-term equilibrium close to current levels.
UBS added: “We expect EURCHF to trade at or above 0.93.”
A renewed global recession or sharp increase in risk aversion would threaten that view by restoring demand for the Franc, while stronger risk appetite and greater use of CHF-funded carry trades could push EUR/CHF higher.
Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.
Bank of Nova Scotia ve 1. čtvrtletí navýšila podíl ve Waste Connections o 19,3 % na 320 808 akcií za 52,1 mil. USD. Firma zároveň oznámila čtvrtletní EPS 1,50 USD a tržby 2,56 mld. USD.
Bank of Nova Scotia increased its position in Waste Connections, Inc. (NYSE:WCN – Free Report) by 19.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 320,808 shares of the business services provider’s stock after purchasing an additional 51,810 shares during the quarter. Bank of Nova Scotia owned approximately 0.13% of Waste Connections worth $52,112,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. City Holding Co. acquired a new position in Waste Connections during the fourth quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Waste Connections in the third quarter valued at approximately $26,000. Whipplewood Advisors LLC lifted its position in shares of Waste Connections by 1,166.7% in the first quarter. Whipplewood Advisors LLC now owns 190 shares of the business services provider’s stock valued at $31,000 after buying an additional 175 shares during the last quarter. Transamerica Financial Advisors LLC boosted its stake in shares of Waste Connections by 346.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 174 shares of the business services provider’s stock worth $31,000 after acquiring an additional 135 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Waste Connections during the 4th quarter worth approximately $36,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Waste Connections In other news, VP Patrick James Shea sold 7,500 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $156.26, for a total value of $1,171,950.00. Following the completion of the sale, the vice president owned 19,737 shares in the company, valued at $3,084,103.62. This represents a 27.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jason Craft sold 1,500 shares of Waste Connections stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $156.59, for a total transaction of $234,885.00. Following the transaction, the chief operating officer directly owned 32,861 shares in the company, valued at approximately $5,145,703.99. This represents a 4.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 17,605 shares of company stock valued at $2,822,923 over the last three months. 0.27% of the stock is currently owned by company insiders.
Waste Connections Stock Up 0.9% Shares of NYSE:WCN opened at $169.52 on Friday. The company has a fifty day moving average of $161.36 and a 200-day moving average of $163.28. The company has a market capitalization of $42.78 billion, a PE ratio of 40.85, a price-to-earnings-growth ratio of 2.94 and a beta of 0.49. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.69 and a current ratio of 0.66. Waste Connections, Inc. has a 52-week low of $146.89 and a 52-week high of $191.91.
Waste Connections (NYSE:WCN – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.15. Waste Connections had a net margin of 10.86% and a return on equity of 17.31%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the company posted $1.29 EPS. The company’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts predict that Waste Connections, Inc. will post 5.5 EPS for the current fiscal year.
Waste Connections Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 6th. Waste Connections’s dividend payout ratio is presently 33.73%.
Analyst Upgrades and Downgrades Several equities research analysts have issued reports on WCN shares. JPMorgan Chase & Co. cut their price target on Waste Connections from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Citigroup increased their price objective on shares of Waste Connections from $180.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Barclays set a $180.00 target price on shares of Waste Connections and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Weiss Ratings downgraded shares of Waste Connections from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $218.00 price target (up from $210.00) on shares of Waste Connections in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Waste Connections presently has a consensus rating of “Moderate Buy” and an average price target of $202.05.
Get Our Latest Stock Report on WCN
About Waste Connections (Free Report)
Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.
The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.
See Also Five stocks we like better than Waste Connections AMD and Cerbras Create A New Blueprint For Hardware Intel Earnings Reveal Whether the Chip Selloff Created a Buy CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test Plugging In: How Kinder Morgan Powers Up Profits Want to see what other hedge funds are holding WCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Connections, Inc. (NYSE:WCN – Free Report).
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Akcie Meta před výsledky za 2. čtvrtletí za týden klesly o 7,87 % a od začátku roku o 9,68 % na 595,19 USD. Tržby v 1. čtvrtletí vzrostly o 33,08 % na 56,31 miliardy USD.
Meta (NASDAQ:META | META Price Prediction) heads into its July 29 earnings report with its stock falling while the underlying business continues to accelerate. Shares have declined 7.87% over the past week and 9.68% year to date to $595.19.
With Meta trading at just 18x forward earnings, the recent pullback could offer an attractive entry point ahead of Q2 earnings.
Meta Trades at 18x Earnings Despite 33% Revenue Growth Meta trades at an 18x forward P/E with an 82% gross margin, a 41.44% operating margin, and a 20.69% ROIC. Q1 revenue climbed 33.08% to $56.31 billion, ad impressions increased 19%, and average price per ad climbed 12%. Meanwhile, full-year 2025 free cash flow came in at $43.59 billion, funding $26.25 billion in buybacks alongside a $0.53 quarterly dividend.
Wall Street’s consensus price target sits at $826.01, implying 38.8% upside from the stock’s current price of $595.19. Right now, analysts assigned Meta 57 buy ratings, 6 holds, and zero sell ratings. Paying under 20x earnings for a business generating 20%-plus returns on invested capital feels attractive on a relative-value basis.
Meta Has Beaten Earnings 6 Quarters in a Row Meta has beaten EPS estimates in six consecutive quarters, with the last miss dating all the way back to Q3 of 2022. Polymarket traders assign an 87.1% probability of another beat on July 29, and the full-chain put/call ratio sits at 0.43, with the July 31 expiry at just 0.30. Institutional positioning is decisively long into the release.
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Meta Beats Alphabet on Growth Alphabet (NASDAQ:GOOGL) trades at a more expensive 25x forward P/E (vs Meta’s 18x), but Alphabet’s most recent quarterly revenue growth was 24% versus Meta’s 33%. There’s of course more to consider when comparing the two advertising giants, but Meta stock is cheaper on an earnings basis and is delivering higher top-line growth.
Can Meta Justify Up to $145 Billion in AI Spending? The bear case is capex. Meta raised FY2026 capital spending guidance to $125 to $145 billion, sparking execution concerns. However, Meta’s Q1 operating cash flow of $32.23 billion, interest coverage ratio of 71.48x, and cash and securities of $81.2 billion give the business a cushion against the capex spend.
CFO Susan Li confirmed the company retains the flexibility to “bring it online more slowly or reduce our spending in future years” if returns lag. If Q2 results show that AI investments are strengthening ad performance without eroding margins, the recent pullback could prove to be a compelling buying opportunity.
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Fulcrum Capital LLC v 1. čtvrtletí zvýšila podíl v Microsoftu o 8,3 % na 83 376 akcií po nákupu 6 364 kusů. Podíl měl na konci čtvrtletí hodnotu 30,863 milionu USD.
Fulcrum Capital LLC raised its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 8.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,376 shares of the software giant’s stock after purchasing an additional 6,364 shares during the period. Microsoft makes up approximately 6.7% of Fulcrum Capital LLC’s investment portfolio, making the stock its 2nd biggest position. Fulcrum Capital LLC’s holdings in Microsoft were worth $30,863,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Longfellow Investment Management Co. LLC boosted its stake in shares of Microsoft by 51.3% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock valued at $29,000 after purchasing an additional 20 shares in the last quarter. Shepherd Kaplan Krochuk LLC raised its position in Microsoft by 4.9% in the third quarter. Shepherd Kaplan Krochuk LLC now owns 431 shares of the software giant’s stock valued at $223,000 after purchasing an additional 20 shares during the last quarter. Fischer Investment Strategies LLC grew its holdings in Microsoft by 3.1% during the 4th quarter. Fischer Investment Strategies LLC now owns 697 shares of the software giant’s stock worth $337,000 after acquiring an additional 21 shares during the last quarter. Pollock Investment Advisors LLC grew its stake in shares of Microsoft by 0.8% in the third quarter. Pollock Investment Advisors LLC now owns 2,805 shares of the software giant’s stock worth $1,453,000 after purchasing an additional 21 shares during the last quarter. Finally, Better Money Decisions LLC increased its stake in shares of Microsoft by 0.6% in the second quarter. Better Money Decisions LLC now owns 3,498 shares of the software giant’s stock valued at $1,740,000 after buying an additional 21 shares during the period. 71.13% of the stock is currently owned by institutional investors.
Microsoft Trading Up 0.0% NASDAQ MSFT opened at $381.70 on Friday. The business’s fifty day moving average is $398.21 and its 200-day moving average is $408.08. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 1.27. The stock has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.17 and a beta of 1.13. Microsoft Corporation has a one year low of $349.20 and a one year high of $555.45.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The software giant reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.06 by $0.21. The business had revenue of $82.89 billion during the quarter, compared to the consensus estimate of $81.44 billion. Microsoft had a net margin of 39.34% and a return on equity of 31.94%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.46 earnings per share. Equities research analysts predict that Microsoft Corporation will post 16.7 EPS for the current year.
Microsoft Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, August 20th. Microsoft’s dividend payout ratio is presently 21.67%.
Analyst Upgrades and Downgrades MSFT has been the subject of a number of analyst reports. Oppenheimer reissued an “outperform” rating and set a $515.00 target price on shares of Microsoft in a research note on Wednesday. Wells Fargo & Company cut their target price on shares of Microsoft from $650.00 to $625.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Morgan Stanley started coverage on shares of Microsoft in a report on Tuesday. They issued an “overweight” rating and a $600.00 price target for the company. China Renaissance decreased their price target on shares of Microsoft from $630.00 to $550.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, BNP Paribas Exane cut their price objective on shares of Microsoft from $556.00 to $555.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Forty-two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $555.40.
View Our Latest Stock Analysis on MSFT
Insider Activity at Microsoft In other Microsoft news, EVP Amy Coleman sold 1,262 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $411.34, for a total transaction of $519,111.08. Following the sale, the executive vice president owned 46,003 shares in the company, valued at $18,922,874.02. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Judson Althoff sold 15,500 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $460.99, for a total value of $7,145,345.00. Following the completion of the transaction, the chief executive officer directly owned 110,477 shares of the company’s stock, valued at $50,928,792.23. The trade was a 12.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 23,762 shares of company stock worth $10,508,361. 0.03% of the stock is owned by corporate insiders.
Key Stories Impacting Microsoft Here are the key news stories impacting Microsoft this week:
Positive Sentiment: Microsoft joined 25 tech companies in urging U.S. policymakers not to impose broad restrictions on open-weight and open-source AI models, a stance that supports its broader AI ecosystem strategy and could help preserve flexibility for future product development. Reuters article Positive Sentiment: Microsoft also backed a coalition letter with Nvidia, Meta, and other firms arguing that open-weight AI is important for U.S. leadership, reinforcing investor confidence that the company remains a major AI platform player rather than being boxed into one model provider. Business Insider article Positive Sentiment: Microsoft’s expanded Databricks partnership extends a key cloud/data-AI relationship through the 2030s, which should help Azure adoption and strengthen long-term enterprise demand for Microsoft’s cloud services. TipRanks article Neutral Sentiment: Several previews ahead of Microsoft’s July 29 earnings report say the big investor focus will be FY2027 CapEx guidance and Azure growth, with analysts expecting strong results but worrying that AI infrastructure spending could weigh on free cash flow and margins. MarketBeat article Negative Sentiment: Multiple law firms issued class-action alerts and deadline reminders tied to Microsoft securities-fraud claims, including allegations related to Copilot disclosures, which adds headline risk and may keep some investors cautious into earnings. GlobeNewswire article Negative Sentiment: Broader tech weakness tied to AI spending fears also weighed on Microsoft, as investors sold mega-cap names after seeing massive capital outlays across the sector and questioning near-term returns on AI investment. Fox Business article Microsoft Profile (Free Report)
Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.
Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).
Read More Five stocks we like better than Microsoft AMD and Cerbras Create A New Blueprint For Hardware Intel Earnings Reveal Whether the Chip Selloff Created a Buy CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test Plugging In: How Kinder Morgan Powers Up Profits Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).
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Microsoft zveřejní hospodářské výsledky za 4. čtvrtletí 29. července a trh bude sledovat růst Azure i výhled kapitálových výdajů pro fiskální rok 2027. Minule tržby Azure meziročně vzrostly o 40 %.
Microsoft (MSFT +0.02%) has been a poor stock to own over the past year. It's down nearly 30% from its all-time high, although it was down around 35% at the lows of its sell-off. However, I think that could all change on July 29, when Microsoft reports Q4 earnings, which could kick-start the stock's long-awaited rebound.
Microsoft's stock is undervalued and looks like a great buy right now. If the company reports soaring growth in a few key divisions, that could give the market exactly what it needs to see for a major rally in Microsoft's stock.
Image source: Getty Images.
All eyes will be focused on two items Microsoft is a huge company with a wide-ranging business spanning productivity software, gaming, hardware sales, and cloud computing. However, despite Microsoft's size, two factors will drive the response to the earnings report.
First is cloud computing growth. Azure, Microsoft's cloud computing platform, offers a glimpse into the strength of overall AI spending, as several companies, including OpenAI, run AI workflows on Microsoft's servers. As Azure's revenue rises, it shows that more computing capacity is coming online and that it's being contracted out as quickly as it comes online.
Last quarter, Azure's revenue rose 40% year over year. However, investors will want to see a significant acceleration in revenue this quarter.
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Microsoft's competitor in the cloud computing space, Alphabet, saw tremendous growth during its previous quarter. Google Cloud's Q2 revenue rose 82% year over year, a major acceleration from Q1's 63% growth. If Microsoft maintains its 40% growth rate, that may raise red flags, as it would show that Alphabet is expanding far faster than Microsoft. I doubt that happens, and if Azure can report rapid growth, that will be the first catalyst Microsoft stock needs to start a rebound.
The second, and maybe most important, factor will be the fiscal 2027 capital expenditure guidance. Alphabet's stock got hammered following earnings after it bumped up capital expenditures by $10 billion. If the market deemed Microsoft's spending unreasonable, a sell-off may ensue. However, Microsoft's spending has already been tempered compared to its peers, so I don't expect this to happen.
If Azure's growth rate comes in ahead of expectations and capital exposure guidance is in line, I think Microsoft stock is primed to soar after July 29. But if it misses either of these two projections, the stock could tumble even further.
Calamos Wealth Management LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 976,409 shares of the computer hardware maker’s stock after purchasing an additional 19,758 shares during the period. NVIDIA comprises approximately 5.9% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. Calamos Wealth Management LLC’s holdings in NVIDIA were worth $170,286,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Norges Bank bought a new position in shares of NVIDIA during the fourth quarter worth about $62,244,133,000. J. Stern & Co. LLP grew its holdings in NVIDIA by 13,709.1% in the fourth quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker’s stock worth $23,454,297,000 after purchasing an additional 124,849,603 shares during the period. Cardano Risk Management B.V. grew its stake in shares of NVIDIA by 896.4% in the 4th quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker’s stock valued at $14,570,119,000 after buying an additional 70,283,539 shares during the period. Capital Research Global Investors increased its holdings in shares of NVIDIA by 16.1% during the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after acquiring an additional 22,896,705 shares in the last quarter. Finally, Laurel Wealth Advisors LLC increased its stake in NVIDIA by 15,496.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after purchasing an additional 21,725,326 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities research analysts recently commented on NVDA shares. KeyCorp reissued an “overweight” rating and issued a $330.00 price target (up from $310.00) on shares of NVIDIA in a research report on Tuesday, July 14th. DZ Bank reiterated a “buy” rating on shares of NVIDIA in a research note on Thursday, May 21st. Wolfe Research reiterated an “outperform” rating and set a $275.00 target price on shares of NVIDIA in a research report on Thursday, May 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $315.00 price target (up from $265.00) on shares of NVIDIA in a report on Tuesday, May 12th. Finally, Seaport Research Partners upped their target price on shares of NVIDIA from $140.00 to $180.00 and gave the stock a “sell” rating in a report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and an average target price of $304.26.
Get Our Latest Stock Report on NVDA
Key Headlines Impacting NVIDIA Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: NVIDIA announced a joint AI research lab with KAIST in Seoul, a $300 million collaboration that will fund researchers, internships, and AI infrastructure to advance agentic AI in South Korea. NVIDIA and KAIST Launch Joint AI Research Lab to Accelerate AI Innovation in Korea Positive Sentiment: The company also struck a $1.5 billion partnership with Amkor to expand advanced semiconductor packaging and test capacity in the U.S., reinforcing NVIDIA’s AI supply chain and manufacturing footprint. Nvidia, Amkor strike $1.5 billion chip packaging deal Positive Sentiment: Jensen Huang and NVIDIA joined Microsoft, Meta, and others in publicly backing open-source AI models, which could support broader AI adoption and future demand for NVIDIA GPUs. Nvidia, Microsoft and other tech giants back open-source AI models Positive Sentiment: Several technical reports say NVDA is holding support and may be forming a bullish inverse head-and-shoulders pattern, while other analysts point to a breakout above the 50-day moving average as a possible catalyst. NVIDIA Corp. (NVDA) Price Forecast: Can NVDA Break Above Key Resistance? Neutral Sentiment: Institutional filings show continued buying from some funds, but insider activity remains dominated by sales, which keeps sentiment mixed rather than decisively bullish. Fund Update: 337,821 NVIDIA (NVDA) shares added to COMGEST GLOBAL INVESTORS S.A.S. portfolio Negative Sentiment: Broader semiconductor shares have pulled back as investors take profits and worry about AI valuation levels and heavy capex spending, which has weighed on NVIDIA along with the rest of the AI trade. Semiconductor Crossroads: Healthy Consolidation or Deeper Repricing? Negative Sentiment: News flow also highlights investor rotation out of the biggest AI winners and concerns that the “Magnificent 7” are digesting a surge in AI infrastructure spending, creating near-term pressure on NVDA despite strong long-term demand. Magnificent 7 stocks shed hundreds of billions amid AI spending fears Insider Buying and Selling In other news, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the transaction, the director directly owned 116,135 shares in the company, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 885,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the sale, the director directly owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This represents a 14.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,901,125 shares of company stock valued at $410,583,015 over the last quarter. Corporate insiders own 3.94% of the company’s stock.
NVIDIA Stock Down 0.9% Shares of NASDAQ:NVDA opened at $206.84 on Friday. The firm has a market capitalization of $5.01 trillion, a P/E ratio of 31.68, a P/E/G ratio of 0.41 and a beta of 2.21. The stock has a 50 day moving average price of $207.85 and a 200-day moving average price of $195.81. NVIDIA Corporation has a 52-week low of $164.07 and a 52-week high of $236.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44.
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business had revenue of $81.61 billion during the quarter, compared to analyst estimates of $78.42 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The company’s revenue for the quarter was up 85.2% on a year-over-year basis. As a group, equities research analysts anticipate that NVIDIA Corporation will post 8.79 EPS for the current fiscal year.
NVIDIA Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were given a dividend of $0.25 per share. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA’s dividend payout ratio is 15.31%.
NVIDIA declared that its board has initiated a stock repurchase program on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.
NVIDIA Company Profile (Free Report)
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
Further Reading Five stocks we like better than NVIDIA AMD and Cerbras Create A New Blueprint For Hardware Intel Earnings Reveal Whether the Chip Selloff Created a Buy CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test Plugging In: How Kinder Morgan Powers Up Profits Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).
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Bollard Group LLC grew its stake in Visa Inc. (NYSE:V – Free Report) by 22.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,929 shares of the credit-card processor’s stock after purchasing an additional 5,831 shares during the period. Bollard Group LLC’s holdings in Visa were worth $9,650,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in V. Vanguard Group Inc. boosted its stake in shares of Visa by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock valued at $56,455,834,000 after purchasing an additional 1,054,343 shares in the last quarter. State Street Corp increased its stake in shares of Visa by 0.8% in the fourth quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor’s stock valued at $29,038,140,000 after buying an additional 626,821 shares during the period. Geode Capital Management LLC raised its holdings in Visa by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor’s stock valued at $15,411,395,000 after buying an additional 388,996 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Visa by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,092,294 shares of the credit-card processor’s stock valued at $14,411,480,000 after buying an additional 716,218 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Visa by 1.7% during the 4th quarter. Bank of America Corp DE now owns 23,835,336 shares of the credit-card processor’s stock worth $8,359,291,000 after buying an additional 398,459 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets V has been the topic of a number of research reports. BMO Capital Markets reissued an “outperform” rating and set a $387.00 target price (up from $375.00) on shares of Visa in a report on Wednesday, July 15th. Robert W. Baird set a $412.00 price target on shares of Visa and gave the stock an “outperform” rating in a report on Monday, July 6th. Piper Sandler started coverage on Visa in a report on Monday, June 29th. They issued an “overweight” rating and a $394.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 target price on shares of Visa in a research report on Wednesday, April 29th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $450.00 target price on shares of Visa in a report on Tuesday, June 2nd. Eight analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $399.41.
View Our Latest Report on Visa
Visa Trading Up 1.0% NYSE V opened at $355.29 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $337.58 and a 200 day simple moving average of $325.34. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $365.14. The firm has a market capitalization of $637.31 billion, a P/E ratio of 30.95, a PEG ratio of 1.87 and a beta of 0.75.
Visa (NYSE:V – Get Free Report) last posted its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.21. The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.76 EPS. On average, analysts predict that Visa Inc. will post 13.13 EPS for the current fiscal year.
Visa Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s dividend payout ratio is currently 23.34%.
Visa announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Insider Activity at Visa In other news, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the sale, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This trade represents a 51.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 10,490 shares of Visa stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $343.99, for a total value of $3,608,455.10. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at $5,219,704.26. The trade was a 40.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 75,581 shares of company stock valued at $25,627,975. 0.12% of the stock is owned by insiders.
Visa News Roundup Here are the key news stories impacting Visa this week:
Positive Sentiment: Truist Financial raised its price target on Visa to $394 from $371 and reiterated a buy rating, signaling more upside as analysts remain constructive on the stock. Positive Sentiment: BNP Paribas Exane upgraded Visa, adding to the bullish analyst momentum around the company’s earnings outlook and business fundamentals. Positive Sentiment: Several reports suggest Visa could deliver another “business as usual” earnings beat next week, supported by resilient consumer credit demand, strong payment volumes, and ongoing digital payments growth. Positive Sentiment: Visa also continues to announce new partnerships, including embedded-finance and agentic-commerce initiatives with Airwallex and Lianlian, which highlight continued expansion opportunities in business-to-business and next-generation payments. Neutral Sentiment: Market commentary comparing Visa and Mastercard favorably to American Express after AMEX’s post-earnings selloff may be helping keep Visa steady, but it is more of an industry read-through than a company-specific catalyst. Neutral Sentiment: Visa is also drawing attention as a “wide-moat” stock, reflecting its durable competitive position, though that is mainly a long-term quality argument rather than a fresh near-term driver. Visa Profile (Free Report)
Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.
Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.
Featured Stories Five stocks we like better than Visa AMD and Cerbras Create A New Blueprint For Hardware Intel Earnings Reveal Whether the Chip Selloff Created a Buy CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test Plugging In: How Kinder Morgan Powers Up Profits Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).
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Ford před zveřejněním výsledků za 2Q 2026 zvýšil celoroční výhled upraveného EBIT na 8,5 až 10,5 miliardy USD z dřívějších 8,0 až 10,0 miliardy USD. Tahounem jsou silné komerční a klasické vozy, které kompenzují ztráty EV.
Ford (NYSE:F | F Price Prediction) reports Q2 2026 earnings on July 28 with three major factors working in its favor: a 4.24% dividend yield, a valuation of roughly 4.5 times free cash flow, and recently raised full-year profit guidance.
Ford’s electric-vehicle business remains deeply unprofitable, but the company’s commercial and traditional vehicle operations continue to generate enough cash to fund the dividend and absorb those losses.
Ford Offers a 4.2% Dividend Yield Ford’s $0.60 annualized dividend against a $14.37 share price puts the forward yield at 4.24%, more than double the S&P 500 average. General Motors (NYSE:GM) has a dividend yield of about 1% on a low-single-digit payout ratio.
The Q2 2026 dividend of $0.15 was declared April 28, 2026, and paid June 1, 2026, and management has layered in special dividends of $0.30 in February 2025 and $0.33 the year prior. Ford also repurchased $311 million of stock in Q1 2026, reinforcing the capital-return story.
Ford Trades at Just 4.5x Free Cash Flow The stock trades at roughly 4.5x price-to-free-cash-flow, 1.5x book, and a forward P/E of 8. Free cash flow yield sits near 22%, backed by 2026 guidance for $5.0 billion to $6.0 billion in adjusted free cash flow.
Q1 2026 delivered EPS of $0.66 on $43.25 billion in revenue (6% YoY growth), with net income surging to $2.55 billion from $471 million a year earlier and adjusted EBIT improving $2.50 billion YoY to $3.49 billion.
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Ford Just Raised Its 2026 Profit Forecast Management raised full-year 2026 adjusted EBIT guidance to $8.5 billion to $10.5 billion (from $8.0 billion to $10.0 billion) on Ford Pro’s commercial and software momentum. Paid software subscriptions reached 879,000 in Q1 2026, up 30% YoY with 11.4% segment margins.
CEO Jim Farley said the results “reflect the momentum of the Ford+ plan.” Shares are up 33.85% over the last year and 12.08% year-to-date, with an average analyst price target of $15.05.
Ford’s EV Business Could Lose Another $4.5 Billion The pushback is Model e, where losses are guided to $4.0-$4.5 billion in 2026. However, Ford Blue EBIT is guided to positive $4.5-$5.0 billion and Ford Pro EBIT to $6.5-$7.5 billion, more than absorbing the EV drag. That means the $10.70 billion in Q4 2025 Model e impairments is already accounted for.
Ford heads into its July 28 Q2 earnings report offering a rare combination of income and deep value. If Q2 results confirm that those core businesses remain strong and management maintains its higher outlook, Ford could remain one of the more attractive dividend stocks in the auto industry.
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Arrowstreet Capital Limited Partnership reduced its stake in shares of Globe Life Inc. (NYSE:GL – Free Report) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,402,976 shares of the company’s stock after selling 32,271 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.81% of Globe Life worth $195,252,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compound Planning Inc. raised its holdings in Globe Life by 4.3% in the fourth quarter. Compound Planning Inc. now owns 1,968 shares of the company’s stock worth $275,000 after buying an additional 82 shares during the last quarter. Root Financial Partners LLC boosted its position in shares of Globe Life by 23.3% during the first quarter. Root Financial Partners LLC now owns 439 shares of the company’s stock valued at $61,000 after buying an additional 83 shares during the last quarter. Transcend Capital Advisors LLC boosted its stake in shares of Globe Life by 3.9% in the 4th quarter. Transcend Capital Advisors LLC now owns 2,265 shares of the company’s stock worth $317,000 after buying an additional 84 shares during the last quarter. Natural Investments LLC grew its holdings in shares of Globe Life by 2.6% in the fourth quarter. Natural Investments LLC now owns 3,452 shares of the company’s stock worth $482,000 after acquiring an additional 87 shares during the period. Finally, Parallel Advisors LLC grew its holdings in shares of Globe Life by 5.6% in the fourth quarter. Parallel Advisors LLC now owns 1,651 shares of the company’s stock worth $231,000 after acquiring an additional 87 shares during the period. Hedge funds and other institutional investors own 81.61% of the company’s stock.
Globe Life News Summary Here are the key news stories impacting Globe Life this week:
Positive Sentiment: Keefe, Bruyette & Woods trimmed its price target only modestly to $190 from $192 and kept an outperform rating, implying roughly 9% upside from recent levels. Benzinga article Positive Sentiment: TD Cowen also reiterated a bullish view, forecasting strong price appreciation for Globe Life (GL). American Banking News article Positive Sentiment: Management raised its 2026 net operating EPS guidance to $15.55-$15.95 and lifted share repurchases to $670 million-$700 million, signaling confidence in future earnings and capital returns. Seeking Alpha article Neutral Sentiment: Globe Life’s Q2 revenue came in roughly in line with expectations, and underwriting income remained strong, showing the core business is still performing acceptably despite some headwinds. Reuters article Negative Sentiment: Q2 earnings of $3.61 per share missed the consensus estimate of $3.67, and several reports pointed to softer sales and rising expenses as reasons for investor concern. MSN article Insider Activity In other news, CFO Thomas Peter Kalmbach sold 7,936 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $156.59, for a total value of $1,242,698.24. Following the transaction, the chief financial officer owned 50,496 shares of the company’s stock, valued at $7,907,168.64. This represents a 13.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frank M. Svoboda sold 10,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $166.68, for a total value of $1,666,800.00. Following the transaction, the chief executive officer owned 54,020 shares of the company’s stock, valued at approximately $9,004,053.60. This represents a 15.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 90,187 shares of company stock worth $14,299,874 in the last 90 days. 2.11% of the stock is owned by corporate insiders.
Globe Life Stock Performance NYSE:GL opened at $173.64 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $169.07 and its 200-day moving average price is $152.91. The company has a market cap of $13.48 billion, a P/E ratio of 11.53 and a beta of 0.47. Globe Life Inc. has a twelve month low of $127.85 and a twelve month high of $191.55.
Globe Life (NYSE:GL – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $3.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.67 by ($0.06). Globe Life had a return on equity of 20.73% and a net margin of 19.58%.The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the business earned $3.05 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. On average, sell-side analysts forecast that Globe Life Inc. will post 15.67 earnings per share for the current fiscal year.
Globe Life Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, July 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.8%. Globe Life’s dividend payout ratio (DPR) is currently 9.13%.
Analysts Set New Price Targets A number of analysts have commented on GL shares. Morgan Stanley upped their price target on Globe Life from $181.00 to $208.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods decreased their target price on Globe Life from $192.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday. Jefferies Financial Group increased their price target on Globe Life from $147.00 to $166.00 and gave the company a “hold” rating in a research note on Friday, July 10th. Wells Fargo & Company raised their target price on shares of Globe Life from $172.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. increased their price target on Globe Life from $181.00 to $201.00 and gave the stock an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Globe Life currently has an average rating of “Moderate Buy” and an average price target of $187.40.
Check Out Our Latest Research Report on GL
Globe Life Company Profile (Free Report)
Globe Life, traded on the NYSE under the symbol GL, is a U.S.-based insurance holding company that underwrites and distributes a range of life and supplemental health insurance products. Through its subsidiary brands—Globe Life, American Income Life, Liberty National Life, United American Insurance Company and Family Heritage Life—it offers term life, whole life, fixed annuities and supplemental health coverage designed to meet the needs of individuals and families across various socioeconomic segments.
The company’s product suite includes low-cost, easy-to-understand life insurance policies, accidental death and dismemberment coverage, hospital indemnity plans and specified disease insurance.
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Bank of Nova Scotia ve 1. čtvrtletí snížila podíl v Moody’s o 8,1 % na 81 270 akcií. Moody’s zároveň oznámila EPS 4,68 USD a výnosy 2,19 miliardy USD, obojí nad odhady.
Bank of Nova Scotia reduced its position in Moody’s Corporation (NYSE:MCO – Free Report) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,270 shares of the business services provider’s stock after selling 7,189 shares during the quarter. Bank of Nova Scotia’s holdings in Moody’s were worth $35,456,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sivia Capital Partners LLC purchased a new stake in Moody’s in the second quarter valued at about $267,000. Federated Hermes Inc. raised its position in shares of Moody’s by 15.5% in the 2nd quarter. Federated Hermes Inc. now owns 10,916 shares of the business services provider’s stock valued at $5,475,000 after purchasing an additional 1,461 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Moody’s by 6.2% in the 2nd quarter. NewEdge Advisors LLC now owns 1,468 shares of the business services provider’s stock valued at $736,000 after purchasing an additional 86 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Moody’s by 3.8% in the 2nd quarter. CIBC Asset Management Inc now owns 25,303 shares of the business services provider’s stock worth $12,692,000 after purchasing an additional 929 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in Moody’s by 0.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 72,615 shares of the business services provider’s stock worth $36,423,000 after purchasing an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.
Analyst Ratings Changes MCO has been the topic of a number of recent analyst reports. Wolfe Research restated an “outperform” rating and set a $535.00 price target on shares of Moody’s in a research note on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Moody’s from $530.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, July 20th. UBS Group reissued a “neutral” rating and issued a $505.00 target price on shares of Moody’s in a research report on Thursday. BMO Capital Markets raised their target price on Moody’s from $489.00 to $515.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 7th. Finally, Bank of America reiterated a “buy” rating and set a $565.00 price target on shares of Moody’s in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $553.11.
Check Out Our Latest Stock Analysis on MCO
Key Headlines Impacting Moody’s Here are the key news stories impacting Moody’s this week:
Positive Sentiment: Moody’s latest quarterly report topped expectations, with strong revenue growth and raised guidance helping reinforce the company’s earnings momentum. Moodys Corp (MCO) Q2 2026 Earnings Call Highlights: Strong Revenue Growth and Raised Guidance Positive Sentiment: Clear Street reiterated its Buy rating on Moody’s, adding to the view that the company’s business remains fundamentally sound after earnings. Clear Street Sticks to Their Buy Rating for Moody’s (MCO) Positive Sentiment: Multiple commentary pieces highlighted Moody’s strong Q2 performance and reaffirmed bullish views, citing solid fundamentals and continued earnings strength. Moody’s Corporation: Strong Q2, I Reiterate My Buy Rating As Fundamentals Are Still Sound Neutral Sentiment: Moody’s also released its quarterly dividend announcement, which is supportive for income investors but not likely a major near-term stock catalyst. Moody’s Corporation dividend announcement Neutral Sentiment: Several articles focused on valuation, noting that Moody’s may look expensive relative to fair value despite the earnings beat, which could temper upside. Moody’s (MCO) Stock Looks Expensive Relative To Fair Value Negative Sentiment: Investor attention is also on broader concerns about valuation after the earnings beat, with some coverage suggesting the stock’s premium pricing may limit further gains. Moody’s (MCO) Earnings Beat Puts Valuation Back In Focus Insiders Place Their Bets In other news, CEO Robert Fauber sold 1,467 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $453.67, for a total transaction of $665,533.89. Following the completion of the sale, the chief executive officer owned 52,564 shares of the company’s stock, valued at $23,846,709.88. This represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $453.67, for a total transaction of $71,679.86. Following the completion of the transaction, the senior vice president directly owned 1,985 shares in the company, valued at approximately $900,534.95. This represents a 7.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,250 shares of company stock valued at $1,495,098 in the last ninety days. Insiders own 0.14% of the company’s stock.
Moody’s Price Performance Shares of Moody’s stock opened at $471.30 on Friday. The stock has a market capitalization of $82.34 billion, a P/E ratio of 29.89, a PEG ratio of 2.41 and a beta of 1.34. The business has a 50 day simple moving average of $465.04 and a two-hundred day simple moving average of $464.80. Moody’s Corporation has a 12 month low of $402.28 and a 12 month high of $546.88. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.19 and a quick ratio of 1.16.
Moody’s (NYSE:MCO – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $4.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.26 by $0.42. Moody’s had a return on equity of 80.35% and a net margin of 34.25%.The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company posted $3.56 earnings per share. The business’s revenue was up 15.1% on a year-over-year basis. Moody’s has set its FY 2026 guidance at 16.500-17.000 EPS. As a group, analysts predict that Moody’s Corporation will post 16.8 EPS for the current fiscal year.
Moody’s Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 14th. Moody’s’s payout ratio is 29.53%.
About Moody’s (Free Report)
Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.
Moody’s operates primarily through two complementary businesses.
Read More Five stocks we like better than Moody’s AMD and Cerbras Create A New Blueprint For Hardware Intel Earnings Reveal Whether the Chip Selloff Created a Buy CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test Plugging In: How Kinder Morgan Powers Up Profits Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Corporation (NYSE:MCO – Free Report).
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Bollard Group LLC boosted its stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 12.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,079 shares of the railroad operator’s stock after purchasing an additional 2,927 shares during the period. Bollard Group LLC’s holdings in Union Pacific were worth $6,327,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific during the fourth quarter worth $25,000. SWAN Capital LLC raised its stake in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Rachor Investment Advisory Services LLC acquired a new stake in Union Pacific during the 4th quarter worth about $25,000. High Point Wealth Management LLC acquired a new stake in Union Pacific during the 4th quarter worth about $26,000. Finally, Scarborough Advisors LLC purchased a new stake in Union Pacific during the 1st quarter valued at about $27,000. Institutional investors and hedge funds own 80.38% of the company’s stock.
Analyst Ratings Changes Several brokerages have recently issued reports on UNP. Citizens Jmp began coverage on Union Pacific in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 price objective for the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $335.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday. The Goldman Sachs Group set a $317.00 price target on shares of Union Pacific and gave the stock a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $319.16.
Check Out Our Latest Report on Union Pacific
Insiders Place Their Bets In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by company insiders.
Key Headlines Impacting Union Pacific Here are the key news stories impacting Union Pacific this week:
Positive Sentiment: Union Pacific reported better-than-expected Q2 results, with adjusted EPS of $3.41 and revenue of $6.86 billion, both ahead of Wall Street estimates, reinforcing confidence in operating momentum and pricing power. Positive Sentiment: Analysts turned more constructive after the earnings beat, with Citigroup, JPMorgan, Benchmark, and Bank of America all raising price targets, suggesting expectations for further upside in the stock. Positive Sentiment: Union Pacific and Canadian National reached a binding access agreement tied to the proposed Norfolk Southern merger, easing competition concerns and improving the odds of regulatory approval while also giving UNP better Chicago routing efficiency and expanded corridor access. Article Title Neutral Sentiment: The broader news flow also highlighted that the merger and access agreement may reshape North American rail traffic patterns, but the deal still depends on Surface Transportation Board approval and final closing. Neutral Sentiment: Several articles noted Union Pacific’s record freight revenue and improved efficiency, which supports the bullish case but is already partly reflected in the recent rally. Union Pacific Stock Performance NYSE:UNP opened at $307.54 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.73. The firm has a market capitalization of $182.59 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 3.18 and a beta of 0.96. The company’s 50-day moving average is $275.12 and its two-hundred day moving average is $258.32. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99.
Union Pacific (NYSE:UNP – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $3.03 EPS. Analysts forecast that Union Pacific Corporation will post 12.64 EPS for the current year.
Union Pacific Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is 45.47%.
Union Pacific Company Profile (Free Report)
Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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Arrowstreet Capital ve 1. čtvrtletí snížil podíl v Charles Schwab o 10,3 % a prodal 337 555 akcií. Firma zároveň oznámila čtvrtletní dividendu 0,32 USD na akcii.
Arrowstreet Capital Limited Partnership lowered its stake in shares of The Charles Schwab Corporation (NYSE:SCHW – Free Report) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,952,078 shares of the financial services provider’s stock after selling 337,555 shares during the period. Arrowstreet Capital Limited Partnership owned 0.17% of Charles Schwab worth $277,436,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Souders Financial Advisors boosted its stake in Charles Schwab by 2.3% during the fourth quarter. Souders Financial Advisors now owns 4,341 shares of the financial services provider’s stock valued at $434,000 after buying an additional 98 shares during the period. Lantz Financial LLC increased its position in shares of Charles Schwab by 3.1% in the fourth quarter. Lantz Financial LLC now owns 3,243 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 99 shares during the last quarter. Essex Financial Services Inc. raised its stake in Charles Schwab by 0.8% in the fourth quarter. Essex Financial Services Inc. now owns 12,833 shares of the financial services provider’s stock valued at $1,282,000 after purchasing an additional 105 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in Charles Schwab by 0.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 24,626 shares of the financial services provider’s stock valued at $2,460,000 after purchasing an additional 107 shares in the last quarter. Finally, FSM Wealth Advisors LLC lifted its position in Charles Schwab by 4.1% during the fourth quarter. FSM Wealth Advisors LLC now owns 2,688 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 107 shares during the last quarter. 84.38% of the stock is owned by institutional investors.
Charles Schwab News Roundup Here are the key news stories impacting Charles Schwab this week:
Positive Sentiment: Schwab announced a quarterly common stock dividend of $0.32 per share, along with preferred stock dividends, reinforcing its capital-return story for income-focused investors. Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends Positive Sentiment: Argus raised its price target on SCHW to $114 from $108 and kept a buy rating, signaling confidence in further upside. Argus raises Charles Schwab price target Positive Sentiment: Schwab was added to Zacks’ “Best Income Stocks to Buy” list, suggesting investors continue to view the company as an attractive income and quality financial-services name. Best Income Stocks to Buy for July 23rd Positive Sentiment: Recent coverage highlighted Schwab’s “dual beats” in its latest quarter, with earnings and revenue both coming in above expectations, adding to the bullish case after the July 21 report. Charles Schwab: Dual Beats And Attractive Preferreds Neutral Sentiment: Schwab also received media attention for its call for the CLARITY Act to pass, framing crypto regulation as a potential long-term industry catalyst, though the timing remains uncertain. Charles Schwab Calls CLARITY Act a Fundamental Catalyst Insider Transactions at Charles Schwab In related news, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $100.01, for a total value of $200,020.00. Following the transaction, the insider directly owned 13,738 shares of the company’s stock, valued at approximately $1,373,937.38. This represents a 12.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the sale, the director owned 177,508 shares in the company, valued at approximately $16,082,224.80. This represents a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 6,520 shares of company stock valued at $622,392. 6.30% of the stock is owned by company insiders.
Analyst Ratings Changes A number of research firms have commented on SCHW. Weiss Ratings reissued a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. BMO Capital Markets lowered Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price target for the company. in a research note on Monday, July 20th. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a report on Wednesday. Jefferies Financial Group cut their target price on Charles Schwab from $122.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, TD Cowen increased their price target on shares of Charles Schwab from $108.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.76.
Read Our Latest Stock Analysis on SCHW
Charles Schwab Stock Performance Shares of SCHW opened at $101.92 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The stock has a market cap of $177.25 billion, a P/E ratio of 18.53, a P/E/G ratio of 0.82 and a beta of 0.77. The business’s 50 day moving average price is $93.93 and its 200-day moving average price is $95.39. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $107.50.
Charles Schwab (NYSE:SCHW – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. Charles Schwab had a return on equity of 24.73% and a net margin of 38.79%.The company had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same quarter last year, the company earned $1.14 EPS. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities research analysts anticipate that The Charles Schwab Corporation will post 6.43 earnings per share for the current fiscal year.
Charles Schwab Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. Charles Schwab’s dividend payout ratio is 23.27%.
Charles Schwab Company Profile (Free Report)
Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.
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Arrowstreet Capital Limited Partnership reduced its holdings in shares of Southwest Airlines Co. (NYSE:LUV – Free Report) by 37.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,858,283 shares of the airline’s stock after selling 2,932,884 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.99% of Southwest Airlines worth $182,526,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of LUV. SHP Wealth Management acquired a new stake in shares of Southwest Airlines during the fourth quarter worth approximately $25,000. GHP Investment Advisors Inc. acquired a new position in Southwest Airlines in the fourth quarter valued at approximately $26,000. Entrust Financial LLC acquired a new position in Southwest Airlines in the fourth quarter valued at approximately $26,000. Los Angeles Capital Management LLC bought a new position in Southwest Airlines in the fourth quarter valued at approximately $26,000. Finally, Optima Capital LLC bought a new position in Southwest Airlines in the fourth quarter valued at approximately $27,000. 80.82% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades Several analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Southwest Airlines from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday. Jefferies Financial Group lifted their price objective on Southwest Airlines from $44.00 to $50.00 and gave the stock a “hold” rating in a research note on Wednesday, July 1st. Wells Fargo & Company upped their price objective on Southwest Airlines from $44.00 to $50.00 and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Evercore increased their target price on Southwest Airlines from $44.00 to $52.00 in a research note on Thursday, June 25th. Finally, TD Cowen raised their target price on Southwest Airlines from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Southwest Airlines has an average rating of “Hold” and a consensus target price of $49.55.
Read Our Latest Stock Report on LUV
Key Headlines Impacting Southwest Airlines Here are the key news stories impacting Southwest Airlines this week:
Positive Sentiment: BMO Capital Markets raised its price target on Southwest Airlines to $60 from $58.50 and reiterated an outperform rating, signaling confidence in further upside after the company’s earnings beat. Benzinga report Positive Sentiment: Barclays kept a buy rating on Southwest Airlines, reinforcing the bullish view from analysts following the airline’s latest quarter. Barclays article Positive Sentiment: Southwest reported second-quarter adjusted EPS of $0.94, well above estimates, and record quarterly revenue, showing improved earnings power and solid demand. Yahoo Finance report Positive Sentiment: Several earnings recaps highlighted stronger fares, commercial gains, and margin expansion, suggesting the company’s transformation efforts are starting to show through in results. Zacks report Southwest Airlines Stock Performance Shares of LUV stock opened at $45.19 on Friday. Southwest Airlines Co. has a 12 month low of $28.98 and a 12 month high of $55.11. The company’s fifty day simple moving average is $46.01 and its 200-day simple moving average is $44.29. The firm has a market cap of $22.09 billion, a PE ratio of 27.72, a P/E/G ratio of 0.37 and a beta of 1.12. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.54.
Southwest Airlines (NYSE:LUV – Get Free Report) last released its earnings results on Wednesday, July 22nd. The airline reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.42. Southwest Airlines had a net margin of 2.78% and a return on equity of 14.15%. The business had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $8.58 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Southwest Airlines has set its FY 2026 guidance at 3.250-4.250 EPS and its Q3 2026 guidance at 0.500-0.750 EPS. Equities research analysts expect that Southwest Airlines Co. will post 3.67 EPS for the current fiscal year.
Southwest Airlines Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were issued a $0.18 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. Southwest Airlines’s dividend payout ratio (DPR) is presently 44.17%.
Southwest Airlines Company Profile (Free Report)
Southwest Airlines Co is a U.S.-based low-cost carrier that operates a point-to-point domestic and near-international airline network. Headquartered in Dallas, Texas, the company primarily flies Boeing 737 aircraft and offers no-frills, single-class service designed to keep fares competitive. Southwest’s operating model emphasizes high aircraft utilization, quick turnaround times and an open seating policy, allowing customers to board and select seats on a first-come, first-served basis.
Founded in 1967 by Herb Kelleher and Rollin King as Air Southwest Company, Southwest began commercial service in 1971, initially connecting Dallas, Houston and San Antonio.
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Aristotle Capital Management v 1. čtvrtletí snížila svůj podíl v Ameriprise Financial o 4,3 % a prodala 100 253 akcií. Po transakci držela 2 211 677 akcií.
Aristotle Capital Management LLC lessened its position in Ameriprise Financial, Inc. (NYSE:AMP – Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,211,677 shares of the financial services provider’s stock after selling 100,253 shares during the quarter. Ameriprise Financial makes up 2.1% of Aristotle Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. Aristotle Capital Management LLC owned approximately 2.46% of Ameriprise Financial worth $982,906,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Ameriprise Financial by 191.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 280,033 shares of the financial services provider’s stock worth $124,447,000 after purchasing an additional 183,856 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Ameriprise Financial by 88.3% during the 1st quarter. Renaissance Technologies LLC now owns 145,000 shares of the financial services provider’s stock worth $64,438,000 after purchasing an additional 68,000 shares during the period. Gabelli Funds LLC boosted its holdings in shares of Ameriprise Financial by 2.1% in the 1st quarter. Gabelli Funds LLC now owns 5,353 shares of the financial services provider’s stock valued at $2,379,000 after purchasing an additional 111 shares during the last quarter. Modern Wealth Management LLC grew its position in Ameriprise Financial by 6.3% during the first quarter. Modern Wealth Management LLC now owns 1,596 shares of the financial services provider’s stock valued at $697,000 after acquiring an additional 94 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Ameriprise Financial in the 1st quarter valued at $10,728,000. 83.95% of the stock is owned by hedge funds and other institutional investors.
Ameriprise Financial Stock Up 1.7% Shares of Ameriprise Financial stock opened at $528.79 on Friday. The stock has a market cap of $47.54 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.93 and a beta of 1.16. The business has a fifty day simple moving average of $476.19 and a 200 day simple moving average of $475.03. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.99. Ameriprise Financial, Inc. has a 12 month low of $422.37 and a 12 month high of $550.18.
Ameriprise Financial (NYSE:AMP – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $11.07 EPS for the quarter, beating analysts’ consensus estimates of $10.81 by $0.26. Ameriprise Financial had a net margin of 20.24% and a return on equity of 64.19%. The business had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the prior year, the company earned $9.11 EPS. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. Research analysts predict that Ameriprise Financial, Inc. will post 43.74 EPS for the current year.
Ameriprise Financial Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 3rd will be given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, August 3rd. Ameriprise Financial’s dividend payout ratio is currently 16.91%.
Insider Activity at Ameriprise Financial In other news, EVP Gerard P. Smyth sold 6,255 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $472.52, for a total value of $2,955,612.60. Following the completion of the sale, the executive vice president directly owned 6,103 shares of the company’s stock, valued at $2,883,789.56. This represents a 50.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Francis Sharpe, Jr. sold 1,200 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $465.83, for a total value of $558,996.00. Following the completion of the transaction, the director owned 6,300 shares of the company’s stock, valued at $2,934,729. This trade represents a 16.00% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by corporate insiders.
Key Headlines Impacting Ameriprise Financial Here are the key news stories impacting Ameriprise Financial this week:
Positive Sentiment: Ameriprise beat Q2 estimates, reporting EPS of $11.07 versus expectations of $10.81 and revenue of $4.90 billion versus $4.87 billion expected, with revenue up 11.6% year over year. Stronger fee income and record AUM/AUA levels suggest healthy operating momentum. Ameriprise Financial Announces Second Quarter 2026 Results Positive Sentiment: Management highlighted growth and return on equity on the earnings call, reinforcing the view that the company is executing well despite a higher expense environment. Ameriprise Earnings Call Highlights ROE and Growth Positive Sentiment: Keefe, Bruyette & Woods raised its price target on AMP to $545 from $515, signaling improved valuation support even though the firm kept a market perform rating. Benzinga report on price target increase Neutral Sentiment: The board declared a quarterly dividend of $1.70 per share, payable August 21 to shareholders of record on August 3. This supports the stock’s income profile, but the announcement was largely expected. Ameriprise Financial Declares Regular Quarterly Dividend Neutral Sentiment: Reuters noted that second-quarter profit rose on higher fee income, helped by a market rally that lifted the value of fee-generating assets. Ameriprise Financial quarterly profit rises on higher fee income Wall Street Analysts Forecast Growth AMP has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on Ameriprise Financial from $515.00 to $545.00 and gave the stock a “market perform” rating in a research report on Friday. BMO Capital Markets increased their price target on Ameriprise Financial from $470.00 to $490.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Morgan Stanley lifted their price target on Ameriprise Financial from $467.00 to $489.00 and gave the company an “underweight” rating in a report on Friday, July 10th. Piper Sandler upped their price objective on shares of Ameriprise Financial from $471.00 to $518.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Finally, Jefferies Financial Group boosted their target price on Ameriprise Financial from $636.00 to $645.00 and gave the stock a “buy” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ameriprise Financial presently has an average rating of “Moderate Buy” and an average target price of $555.33.
View Our Latest Stock Report on AMP
About Ameriprise Financial (Free Report)
Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.
Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.
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Kinder Morgan vykázal rekordní čistý zisk za 2. čtvrtletí ve výši 867 milionů USD a upravenou EBITDA ve výši 2 199 milionů USD, meziročně o 12 % více. Firma zároveň zvýšila celoroční výhled.
SummaryKinder Morgan (KMI) delivered record Q2 net income and adjusted EBITDA, raising full-year guidance above budgeted levels. KMI's fee-based, contract-backed business model offers stability, but current valuation—21.7x 2027 P/E and 11.6x EV/EBITDA—limits upside. Backlog conversion, project execution, and leverage management are key; shadow backlog and signed contracts could shift the investment case. I maintain a Hold rating: dividend yield is attractive, but growth and valuation do not justify a Buy at current levels. JHVEPhoto/iStock Editorial via Getty Images
Investment Thesis Kinder Morgan (NYSE:KMI) reported this week its earning, with a record second-quarter net income of $867 million and record second-quarter adjusted EBITDA of $2,199 million, up 12% from last year. Management raised the guidance for the
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Axon Enterprise ve 1. čtvrtletí zvýšila tržby o zhruba 34 % meziročně a zvedla celoroční výhled růstu tržeb na 30–32 %. Objem nevyřízených zakázek dosáhl asi 14,3 miliardy USD.
SummaryAxon Enterprise delivered strong Q1 results, raising full-year topline growth guidance to 30-32% with a robust $14.3 billion backlog.Despite resilient adjusted EBITDA margins (~25%), free cash flow (FCF) margins have deteriorated, pulling the Rule of 40 (cash-based) below 40 for 2025.Structural cash conversion issues, driven by multi-year contracts and increased receivables, offset the compelling growth and moderate valuations.I maintain a Hold rating, prioritizing improvement in FCF generation and the receivables-to-unearned revenue ratio before considering a Buy. sommart/iStock via Getty Images
Axon Enterprise (AXON) reported a strong Q1 and the outlook on growth continues to be supportive and well visible. Revenue grew ~34% YoY, and the full-year guidance was raised to 30-32% topline growth. The contracted bookings backlog is ~$14.3b (4-5x TTM
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
SoFi Technologies rozšiřuje nabídku o AI investiční platformu, stablecoiny, finanční plánování a investiční produkty. Investoři se soustředí na výhled tržeb za 2. čtvrtletí.
SummarySoFi is aggressively seeking to diversify its lending focused revenue stream with new product expansions via an AI investment platform, stablecoins, financial planning and investment products. Q1 debit spending rebounded, particularly in travel and dining, but tax refunds appear to have driven the increase. Meanwhile, consumer sentiment remains very weak at multi-decadal lows. Investors should focus on Q2 revenue guidance, as SoFi has regularly beaten reported-revenue estimates while guidance has been less compelling. SoFi’s valuation implies nearly 41% 5-yr earnings CAGR growth, above the 35% consensus forecast. Technicals are mixed: bearish momentum persists, but the stock is holding a key resistance-turned-support level. Joe Hendrickson/iStock Editorial via Getty Images
Performance assessment SoFi Technologies (SOFI) has gone mostly sideways since my last update. It has beaten the market by >6%, but I do not view that as very material as that kind of
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Oklo získala od amerického ministerstva energetiky povolení ke spuštění reaktoru Groves v Texasu. Firma může naložit jaderné palivo, zahájit testy a míří k první kritičnosti.
On Thursday, nuclear start-up Oklo (OKLO -8.43%) announced some welcome news. The company received “startup authorization” from the U.S. Department of Energy (DoE) for its Groves Reactor in Texas under the Reactor Pilot Program (RPP).
According to the company, the authorization “allows Oklo to load nuclear fuel, conduct startup testing, and proceed toward first criticality.”
It’s a big step forward for Oklo and one that is likely to have a major impact on the company’s regulatory future. Here’s what this authorization means for Oklo and why it’s a bigger deal than it seems for Oklo investors.
Image source: The Motley Fool.
Slower than molassesIn the world of nuclear regulations, safety is the biggest priority. That makes sense given the massive destructive potential of even a small nuclear reactor. Speed, on the other hand, isn’t a priority.
If anything, that’s an understatement. Obtaining commercial certification from the U.S. Nuclear Regulatory Commission (NRC) for a new reactor design takes years or even decades.
Oklo knows this better than anyone: the company began the regulatory journey for its novel sodium-cooled fast reactor SMR with the NRC in November 2016, almost ten years ago. It finally was able to submit its combined license application for the Aurora Powerhouse design in March 2020. And it’s still anybody’s guess when it might be awarded a commercial license.
The company has completed three of the five steps of its DoE RPP regulatory review for construction and operation, while an NRC audit is in progress. Once the audit is completed, the company can formally request a commercial license. It will undergo further NRC review before receiving approval... assuming neither the audit nor the review turns up any material issues that need to be corrected.
A breakneck paceThis painfully slow process is one of the reasons the U.S. hasn’t begun construction of a new nuclear power plant since 1976, and why only two existing plants have added new reactors since 1993.
The Trump Administration aimed to change that with the RPP, which was enacted by executive order in 2025 to speed up the deployment of nuclear reactors in the U.S. The RPP instructs the NRC to create an expedited pathway to approve reactors that have been safely tested by the DoE, with a deadline of 18 months to evaluate and approve new construction and operation licenses.
The RPP allowed the Groves Reactor project to move forward at unprecedented speed. The time from groundbreaking to receiving start-up authorization was just over 10 months, which included construction, hiring, fuel and equipment procurement, and the DoE authorization process.
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Even Oklo CEO Jacob DeWitte seemed surprised by the breakneck pace. "This facility marks the fastest time that we are aware of to go from greenfield to substantial completion for a full-scale, privately funded and sited reactor in history,” he said in a press release.
But the important part was what he said next: “And this experience is fully translatable to future commercial deployments.” Here’s why that should be music to shareholders’ ears.
The hidden benefitThe Groves Reactor isn’t a nuclear power plant, nor does it feature Oklo’s unique sodium-cooled fast reactor SMRs. It’s a water-cooled test reactor designed to use low-enriched uranium for the production of isotopes, like those used in radiation therapy for cancer.
Currently, most radioactive isotopes used in the U.S. are produced overseas. The Groves Reactor is part of an effort to increase domestic production.
But Oklo’s primary goal is to build SMRs for power generation. The Aurora Powerhouse uses a different reactor design and fuel, and serves a different purpose. So, how does this move Oklo towards that goal?
Well, in the world of nuclear authorizations, repeating yourself is a good thing. Through the RPP, certain portions of DoE approval are expected to directly transfer to the NRC approval process, expediting the review time frame.
Image source: Getty Images.
The takeawayBecause Groves is a commercial-scale facility, Oklo notes it can “repeat the experience with demonstrated experience in siting, building, commissioning, and operating its commercial reactors in the future.”
The company also believes that the “repeatable approach to engineering, construction, commissioning, operations, and regulatory authorization ... helps reduce execution risk and accelerate future deployments across all of Oklo’s business units.”
If the process for the Aurora Powerhouse moves forward as quickly as the Groves process, Oklo could find itself months or even years ahead of schedule on its ultimate plan.
Coca-Cola zvýšila dividendu už 64. rok v řadě a zvedla výhled EPS pro rok 2026 na 9 %. V 1. čtvrtletí tržby vzrostly o 12,07 % na 12,47 mld. USD a EPS 0,86 USD překonal odhady o 5,87 %.
Coca-Cola (NYSE:KO | KO Price Prediction) offers retirement investors a rare combination of reliable income and accelerating growth ahead of its upcoming Q2 earnings report on July 28. The company just raised its dividend for the 64th consecutive year, expanded its operating margin from 32.9% to 35.0%, and raised 2026 EPS guidance from 8% to 9%. Coca-Cola may trade like a sleepy consumer staple, but its latest results show a Dividend King gaining momentum.
Three Reasons the Buy Case Writes Itself The cash machine is accelerating. Q1 2026 delivered $12.47B in revenue, up 12.07% year over year, on 10% organic growth and EPS of $0.86 that beat estimates by 5.87%, the fourth consecutive EPS beat. Free cash flow climbed 131.85% year over year to $1.755B, and management guided to roughly $12.2B of free cash flow for 2026. That covers the $8.8B in dividends paid in 2025 with meaningful room to spare.
Dividend income is durable and growing. Coca-Cola’s quarterly payout rose from $0.51 to $0.53 in 2026, giving a 2.51% dividend yield layered on top of a 45.97% return on equity. Coca-Cola raised the dividend through 2008, 2020, and every macro shock in between.
Management is prioritizing share buybacks too. KO repurchased $477M in Q1 2026 with roughly $5.2B still authorized. Shares are already up 17.67% year to date and 20.71% over one year.
Why Coca-Cola Deserves to Trade at a Premium Coca-Cola’s classic competitor is PepsiCo (NASDAQ:PEP), which offers a fatter 4.24% dividend yield at a cheaper 18 P/E. While Pepsi may look optically cheaper, PepsiCo’s quarterly revenue growth of 6.4% is roughly half of Coca-Cola’s 12.1%, and its 16.8% operating margin is a fraction of KO’s 35.0%.
Keurig Dr Pepper (NASDAQ:KDP) is worse on quality, with the company reporting a 6.31% ROE and quarterly earnings growth of -47.7%. Investors pay a premium for KO because KO is a better business.
KO’s One Weak Spot The bear case for Coca-Cola revolves around input-cost pressure and a 17% decline in Asia Pacific operating income. However, consolidated operating margin still expanded 210 basis points, and North America, EMEA, Latin America, and Bottling Investments all posted double-digit revenue growth in Q1 2026. For retirement portfolios needing rising income backed by a fortress balance sheet, Coca-Cola may be worth a closer look ahead of July 28 Q2 earnings.
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Pfizer má dividendový výnos 6,8 % a vedení chce dividendu udržet i zvyšovat. V 1. čtvrtletí pokryl hotovostní tok výplatu dividendy 2,445 miliardy USD.
Pfizer (PFE -0.20%) has a shockingly high dividend yield of 6.8%. The S&P 500 Index (^GSPC +0.05%) has a 1% yield, and the average pharmaceutical stock's yield is roughly 1.5%. Given that huge disparity, it looks like Pfizer's yield is too good to be true.
There are reasons for the high yield that need to be monitored. However, management doesn't seem too worried about the dividend. Here are some reasons why, and why you might want to buy ultra-high-yield Pfizer.
Pfizer's management is focused on maintaining the dividend Pfizer's dividend, like all dividends, is paid at the discretion of the board of directors. That said, the company's management team has been very clear about its support for the dividend. The dividend was mentioned directly on two slides in the first-quarter 2026 earnings presentation. One slide, focused on 2026 capital allocation priorities, stated that the company wants to "maintain and grow our dividend." A second slide, directed at longer-term growth, made "maintain dividend" a stated goal.
Image source: Getty Images.
If the board was actively considering cutting the dividend, management wouldn't likely have mentioned the dividend on those two slides. Meanwhile, it is important to examine what supports the dividend. The answer isn't earnings, which are under pressure right now, because a company's dividend payments appear on its cash flow statement. The number is fairly large for Pfizer, with the first-quarter dividend payment totaling $2.445 billion. Annualize that, and you get nearly $10 billion.
The company generated $2.6 billion from operating activities, which actually covers the dividend. However, the dividend isn't the only thing the company has to pay for. After paying dividends, paying down debt, and investing in its business, the company's cash balance at the end of the first quarter was higher than at the start. And not just a little higher, $560 million higher. The source of the extra cash was Pfizer selling long-term investments. Turning to the balance sheet, the company still has $11.3 billion in long-term investments, in addition to $1.7 billion in cash.
Watch Pfizer's dividend, but there's plenty to support it This isn't meant to suggest that investors should simply ignore the headwinds Pfizer is facing today. While the company looks capable of supporting the dividend, investors are worried about the pharmaceutical company's future, which has pushed the stock lower and the yield higher. That said, most of the problems the company faces are normal for the pharmaceutical industry.
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For example, Pfizer has several blockbuster drugs set to lose patent protection. However, its research and development haven't yet produced new drugs to fill the gap. In fact, the company has clearly fallen behind peers in the hot GLP-1 weight-loss space, after it had to stop work on a drug there in 2025. The thing is, R&D doesn't work on a timeline, even though patent expirations do. Sometimes things just don't line up as well as investors would like.
Pfizer has a long and successful history of developing drugs. Notably, in the case of GLP-1 drugs, it quickly adjusted and bought another company with a more attractive drug candidate. And it has numerous drugs working through the approval process beyond it, as well.
Think long-term with Pfizer Pfizer is still a well-run drug company. It is just working through a difficult period, which has Wall Street worried about the future. If you think long-term, however, you may want to consider buying Pfizer and its outsize yield while everyone else is scared. The company is clearly standing behind the dividend, and when you dig a little deeper, it appears to have the wherewithal to keep supporting it.
Logistické firmy včetně UPS a FedEx zvyšují investice do chlazených skladů a přepravy, aby zvládly rostoucí poptávku po GLP-1 lécích. Ty vyžadují přesnou teplotu, jinak ztrácejí účinnost.
As demand rises for specialized medications like GLP-1s, logistics companies including UPS and FedEx are adapting their strategies to be able to better ship and store those pharmaceuticals.
Most injectable GLP-1 medications, including Novo Nordisk's Ozempic and Wegovy and Eli Lilly's Mounjaro and Zepbound, require refrigerated storage for shipment.
The Covid pandemic put healthcare logistics at center stage in 2020, as the shipping of temperature-controlled vaccines quickly became a crucial part of keeping the virus at bay. And as more money has been poured into new pharmaceutical innovations, the transportation of those products have come under the spotlight.
Logistics companies are now investing millions of dollars and strengthening dozens of temperature-controlled facilities to tap into the market.
In June, UPS announced a new $48 million investment in temperature-controlled facilities as it sees a growing demand for critical treatments. According to Growth Market Reports, the demand for temperature-sensitive biologics is projected to grow at an 8.3% compound annual growth rate through 2033 and reach a market value of roughly $39.1 billion.
Obesity and diabetes drugs, meanwhile, have been booming in popularity. A July Gallup poll found that 11% of Americans take GLP-1 medications for weight loss purposes in 2026, up from just 3% in 2024.
But if they're not stored and shipped at the correct temperature, they risk losing their efficacy.
The Food and Drug Administration has warned that improper storage during shipping can affect the medicine's quality and recommends patients do not use GLP-1 drugs that arrive "warm or with insufficient refrigeration."
Other biologics, like some vaccines, insulin and antibiotics, also require specialized shipment to maintain efficacy. For logistics companies, that means ensuring the proper storage and movement every step of the way.
Bulking upHealthcare logistics have proven to be one of UPS' biggest opportunities. On an earnings call with analysts in April, CEO Carol Tomé said the company's global healthcare portfolio has gained market share every year since 2021, generating its first ever $3 billion healthcare revenue quarter in the first quarter of this year.
UPS President of Healthcare John Bolla told CNBC that the company is seeing more healthcare companies looking for partners to keep up with the volume.
"One of the biggest opportunities we see is supporting the shift toward more specialized therapies and more care delivered outside of traditional healthcare settings," Bolla said.
He said UPS is experiencing "rapid growth" in biologics, cell and gene therapies, though the biggest challenge is that the margin for error is small — even a brief stray from the correct temperature can ruin the medicines, Bolla said.
"But that's also what's creating such a significant opportunity in healthcare logistics," he said. "As treatments become more specialized and supply chains become more complex, healthcare companies need partners that can provide not just temperature-controlled storage or transportation, but end-to-end visibility, control and reliability across the entire network."
FedEx is also tapping into the trend, launching a life sciences organization earlier this month specifically to support the movement of pharmaceuticals and other healthcare products.
On an earnings call in June, FedEx's Chief Customer Officer Brie Carere told analysts that healthcare transportation revenue in fiscal year 2026 reached nearly $10 billion.
"We're building end-to-end solutions focused on global pharma customers, and what's so important with global pharma is that you have to recognize that there's a patient at the end of every delivery or someone that's waiting to be treated," said Nick Gennari, FedEx's president of healthcare. "So we take this very, very seriously."
With GLP-1s specifically, Gennari said there's an increasing complexity to delivering those medications, with forms ranging from injectables to oral pills and going direct-to-consumer. But with that complexity comes a growth opportunity for FedEx, which he said is "ideally positioned."
Gennari said FedEx has specialized technology, including its machine learning engine that allows customers to see product movement with predictive abilities, as well as its technology that identifies healthcare products and treats each differently depending on its unique needs.
Gennari also said he's "very comfortable" with the company's base capabilities and its plans for expansion, including cold-chain logistics.
"Much of the infrastructure that's required to be successful in this space, we already have. We have the airline; we have an incredible schedule; we have the lift capabilities. The network is hardened and works very well," he said.
Complex supply chainsC.H. Robinson told CNBC the logistics company had surpassed $1 billion in revenue in healthcare logistics alone over the past year, largely due to the growth in GLP-1 drugs, as it has been investing in temperature-controlled facilities.
"You need to really have that end-to-end connectivity, so you've got to have a really nice network and infrastructure built out in order to properly service the healthcare customers," said Ronnie Davis, the company's vice president of North American surface transportation.
Davis said the supply chain for medications has also become more complicated. In addition to requiring refrigeration, many drugs have a short shelf life and need to be delivered in precise windows of time.
"A lot of the innovation has been on getting the drugs to the market," Davis said. "I think what you're starting to see is that's really putting stress on the capabilities of the cold chain supply chains in the marketplace. … With the rise of GLP-1s and other specialized medicine, it's really creating a competitive nature for the same refrigerated supply resources that are there and, quite candidly, that supply is not unlimited, it's constrained."
Davis said C.H. Robinson is working to amp up its capabilities, especially to keep up with the higher volume. At the same time, he added, pharma companies are also trying to get creative to bring their products to market with a longer shelf life.
That innovation is also intersecting with the growth of artificial intelligence capabilities, according to Hendrik Venter, CEO of DHL Supply Chain. The logistics company uses AI to monitor critical life science products, tracking temperatures and anticipating where an issue might happen.
"You're seeing the industry moving from conventional to biopharma," Venter told CNBC. "You need to have a supply chain that is resilient and capable of shipping in all of these various temperature zones."
The company announced last year that it plans to invest 2 billion euros ($2.25 billion) in health logistics by 2030, with half of that allocated to the Americas.
A lot of pharmaceutical companies are also outsourcing their warehousing activities to DHL, Venter said. The company takes over those facilities, manages them and integrates them into the rest of their network.
DHL launched a pharmaceutical air corridor around the world, with a dedicated aircraft and connected network that ensures the drugs are not being shipped through separate regulatory environments.
"You cannot lose a shipment. You cannot replace it. It needs to be delivered on time, every time, in the right quality and temperatures," Venter said. "So we continue to selectively look at how to strengthen that network."
Apple údajně tlačí na Trumpovu administrativu, aby mohla nakupovat levnější paměť od čínské ChangXin Memory Technologies (CXMT), i když je firma na amerických sankčních seznamech. Spor ukazuje napětí kolem cen pamětí a marží Micronu.
The AI boom has transformed semiconductors from a cyclical business into one of the world’s most strategically important industries. Memory chips, once viewed as commodity components, have become a bottleneck for everything from smartphones to AI servers. That has given suppliers unusual pricing power while forcing customers to rethink their supply chains.
Nowhere is that tension more visible than in Apple‘s (NASDAQ:AAPL | AAPL Price Prediction) reported push to buy lower-cost memory from China’s ChangXin Memory Technologies (CXMT), even though the company has been blacklisted by the U.S. government because of its ties to the Chinese military and state. The dispute says as much about the future of the memory industry as it does about Apple.
Apple Wants Cheaper Memory, but the Politics Are Expensive According to multiple media reports, Apple is lobbying the Trump administration for permission to source memory from CXMT. Buying chips from the company is reportedly not outright illegal, but doing so without government approval could expose Apple to political criticism and reputational damage because of CXMT’s placement on U.S. restricted-entity lists.
Apple’s reported argument is straightforward. It claims Micron Technology (NASDAQ:MU) is taking advantage of today’s tight memory market by charging excessive prices. That criticism comes after Micron’s gross margins climbed above 80% as AI demand continues to outpace supply.
Ironically, Apple has long been known for charging premium prices itself. Just weeks ago, CEO Tim Cook announced price increases of roughly 20% across several MacBook and iPad models, saying Apple could no longer absorb higher component costs. Cook even described today’s memory shortage as a “100-year flood” event.
That makes Apple’s accusations of price gouging harder to separate from its own efforts to protect product margins.
The company’s argument is that large device makers, including Apple, spent years squeezing suppliers for lower prices. Those aggressive negotiations hurt profitability across the memory industry and discouraged investment in new manufacturing capacity. When generative AI suddenly sent demand soaring, the industry did not have enough supply.
Micron argues that today’s higher prices reflect genuine scarcity and tens of billions of dollars being invested in new fabrication plants, including major U.S. manufacturing projects supported by the CHIPS Act.
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Company AI Memory Products Highest-Margin Business Micron HBM, DDR5, LPDDR5X High-bandwidth memory (HBM) CXMT DDR5, LPDDR5X, LPDDR4X, RDIMM, MRDIMM Conventional DRAM That distinction matters. CXMT manufactures mainstream DRAM used in PCs, smartphones, and enterprise servers. It does not produce high-bandwidth memory (HBM), the advanced chips powering Nvidia‘s (NASDAQ:NVDA) AI accelerators.
Because HBM commands much higher prices and margins than commodity DRAM, it remains the engine behind Micron’s earnings growth.
The Bigger Story Isn’t Apple Surprisingly, this dispute has less to do with Apple than with how valuable advanced memory has become.
Apple wants lower-cost conventional DRAM to protect margins on consumer devices. Micron wants pricing that supports years of capital spending needed to expand production. Meanwhile, the fastest-growing part of the industry — HBM — faces little competitive pressure because only a handful of companies can manufacture it at scale.
That leaves Micron in an enviable position. Even if Apple eventually receives approval to buy some lower-cost conventional memory from CXMT, it would do little to weaken Micron’s leadership in AI memory, where demand continues to outstrip supply.
Key Takeaway In short, Apple’s reported campaign highlights the growing tension between technology companies trying to control costs and semiconductor manufacturers finally earning healthy returns after years of razor-thin profitability. Granted, Apple has every incentive to lower its bill of materials. But accusing suppliers of gouging rings hollow when Apple has long charged premium prices for its products and raised its own prices by roughly 20% while defending those increases as necessary.
For investors, the bigger investment thesis hasn’t changed. Conventional DRAM pricing may fluctuate as new suppliers emerge, but HBM remains the profit center that matters most. As long as AI infrastructure spending continues at today’s pace, Micron’s competitive advantage rests far less on commodity memory pricing than on its ability to supply the premium chips powering the AI revolution. Ultimately, that’s the market smart investors should be watching.
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Rabobank expects renewed pressure on Pound exchange rates as concerns over Prime Minister Andy Burnham’s spending plans unsettle the gilt market. The British Pound concluded this trading week facing a difficult combination of political uncertainty, elevated UK bond yields and doubts over how the new government intends to fund its policy agenda.
UK economists at Rabobank say the initial market response to Burnham’s cabinet and early policy announcements has been notably cautious.
Latest — Exchange Rates:
Pound to Euro (GBP/EUR): 1.171822 (+0.14%)
Pound to Dollar (GBP/USD): 1.332498 (+0.09%)
Euro to Dollar (EUR/USD): 1.137117 (-0.05%)
The UK 10-year gilt yield has moved above 5.0%, while Pound Sterling has ranked as the weakest G10 currency over the latest one-day period.
Although the appointment of an experienced Chancellor has offered some reassurance, the bank warns that uncertainty surrounding the government’s fiscal strategy could keep both gilts and the Pound under pressure.
Rabobank analysts expect EUR/GBP to rise to 0.8650 over the next three months and sees scope for GBP/USD to fall back towards 1.3200.
At current rates, those forecasts imply a weaker Pound against both the Euro and the US Dollar.
Rabobank Warns Burnham’s Honeymoon Could Be Brief Rabobank says the appointment of Healey as Chancellor is a stabilising factor because the country’s finances have been placed in the hands of an experienced politician with previous Treasury exposure and respect across Parliament.
However, the larger question is how Burnham plans to finance his agenda.
The Prime Minister has said he intends to use “flexibility” within the fiscal rules, which Rabobank says could point towards placing some infrastructure-related debt on the balance sheets of public financial institutions.
Although such borrowing might sit outside the most closely watched fiscal measures, it would still need to be absorbed by the bond market.
“The market will be wary about whether this constitutes ‘back door’ funding,” Rabobank says.
The government’s first cost-of-living measure is a reduction in VAT on household electricity bills from October.
Officials have indicated that the measure will be funded by cancelling the previous government’s digital identity programme, although reports have raised doubts over whether that scheme was fully funded in the first place.
Rabobank notes that use of greater flexibility within the fiscal rules could potentially mobilise an additional £16 billion for infrastructure projects over the remainder of the decade.
Infrastructure investment could improve productivity in parts of the UK outside London and the South East, but those benefits may take years to materialise.
Burnam, by contrast, faces a general election in less than three years.
That leaves the government under pressure to deliver visible improvements quickly, increasing the risk that spending commitments expand before the economic benefits become apparent.
“The market is now bracing itself for a list of further announcements,” Rabobank says.
“This suggests that funding issues will remain at the fore of the market’s mind and hints that Burnham’s honeymoon may be short-lived.”
Gilt Market Particularly Sensitive The latest UK borrowing figures were slightly better than expected for June, but borrowing over the first three months of the fiscal year remains above projections from the Office for Budget Responsibility.
At an early stage of the financial year, that overshoot might ordinarily attract limited attention.
Rabobank argues that the political backdrop makes investors more sensitive than usual.
Burnham is associated with the softer left of the Labour Party and has said he wants government to become less reliant on what he described as the “imperial” Treasury.
Against this backdrop, the bond market is likely to demand clear reassurance that new spending plans will remain compatible with the fiscal rules.
Rabobank also highlights structural vulnerabilities in the UK economy.
The country has a low household savings ratio and a substantial current-account deficit, increasing its dependence on overseas capital.
These characteristics can amplify market reactions when confidence deteriorates.
“The UK may not have the largest debt-to-GDP ratio in the developed world, but arguably it has one of the most sensitive debt markets,” Rabobank says.
Lower BoE Expectations Are Another Pound Risk The reduction in VAT on household electricity bills should mechanically lower inflation.
Rabobank also expects headline UK CPI inflation to ease to 2.7% year on year, offering some short-term reassurance to the gilt market.
The inflation outlook remains complicated by higher spot energy prices following the escalation in the US-Iran conflict, but Rabobank believes current Bank of England pricing is too aggressive.
Markets are pricing approximately 43 basis points of BoE tightening over the next six months.
Rabobank expects the central bank to avoid raising rates this year.
“On our view, this is overdone and a reduction in market expectations for BoE policy tightening is another headwind for the pound,” the bank says.
This is important because elevated UK interest-rate expectations have provided Sterling with some protection against fiscal and political concerns.
Were investors to remove those expected rate increases, the Pound would lose part of its yield advantage at the same time as the gilt market remains uneasy about government borrowing.
Image: Exchange Rates UK Research polling shows GBP/USD median bank forecast chart showing the live rate near 1.3325, a Q3 median near 1.32 and the longer-term forecast path GBP/USD Forecast: 1.3200 Comes Back Into View GBP/USD ended the latest session around 1.3325, recording a modest daily gain after Thursday’s 0.47% decline.
The pair has nevertheless fallen by more than two cents from the 15 July close near 1.3540 and remains well below July’s high of 1.3558.
The short-term chart shows Sterling attempting to stabilise around 1.3320 after repeated failures to sustain advances above 1.3340.
GBP/USD is trading close to the 20-period moving average at 1.3327 and session VWAP near 1.3323.
That positioning suggests the pair is currently balanced around its immediate fair-value area rather than developing a strong recovery.
The 200-period moving average near 1.3340 remains the more important overhead barrier.
A recent rebound failed close to that level, confirming the 1.3340-1.3350 region as the first substantial resistance zone.
RSI has recovered to approximately 48 from below 40, showing that downside momentum has eased.
However, the indicator remains below 50 and does not yet signal that buyers have regained control.
Initial support is located around 1.3310, followed by 1.3290.
Rabobank’s 1.3200 objective would come into clearer view following a break below these levels, while July’s low at 1.3221 represents a significant intermediate support area.
On the upside, a sustained move above 1.3340 would reduce immediate downside pressure, although GBP/USD would still need to recover through 1.3400 to suggest the broader July correction has ended.
Image: GBP/USD 15-minute chart with 1.3310 support, 1.3340 resistance and Rabobank’s 1.3200 forecast marked The median bank forecast path also points to near-term weakness before a later recovery.
The Q3 2026 median projection is close to 1.3200, broadly matching Rabobank’s three-month forecast, while the consensus path then rises towards 1.35 in early 2027 and approximately 1.38 by the end of that year.
Rabobank’s view is therefore consistent with the wider consensus in anticipating near-term pressure, although it does not rule out a longer-term recovery.
Image: EUR/GBP survey poll forecasts July 2026 EUR/GBP Forecast: Rabobank Targets 0.8650 EUR/GBP closed around 0.8534 after falling 0.14% in the latest session.
The cross has recovered from July’s low near 0.8455, but remains almost 1% lower for the month and below the July opening level near 0.8614.
The 15-minute chart shows that EUR/GBP has surrendered part of its recent rebound after failing above 0.8550.
The cross is trading close to its 20-period moving average near 0.8533, but remains below session VWAP around 0.8541 and beneath the 200-period moving average near 0.8539.
This leaves the immediate technical picture mixed.
The latest recovery from below 0.8530 shows that selling pressure has moderated, while RSI near 46 has moved above its signal line.
However, the cross remains below the neutral 50 level and has yet to overcome the main intraday resistance cluster.
Initial resistance is located around 0.8539-0.8542, followed by 0.8547 and the recent highs around 0.8550-0.8555.
A break through that area would strengthen the case for a return towards 0.8600.
Rabobank’s 0.8650 forecast lies above the current technical range and would require a more decisive deterioration in Sterling sentiment.
On the downside, support is located around 0.8530, followed by 0.8525.
A break below these levels would weaken the immediate recovery and raise the risk of a renewed move towards 0.8500.
Image: EUR/GBP 15-minute chart with 0.8530 support, 0.8550 resistance The wider bank consensus also leans towards a higher EUR/GBP rate over the coming quarters.
The median forecast stands close to 0.8700 from the third quarter of 2026 through early 2028, before easing towards 0.8600 and then 0.8450 by the end of 2028.
Rabobank’s 0.8650 target is therefore slightly below the near-term consensus median but still implies a meaningful Sterling decline from current levels.
Pound Sterling: Rabobank’s forecasts leave GBP exposed on two fronts Against the Euro, the bank expects EUR/GBP to rise towards 0.8650 as investors question the government’s fiscal plans and reassess the likelihood of Bank of England tightening.
Against the Dollar, it sees GBP/USD falling towards 1.3200 as political uncertainty, gilt-market sensitivity and lower UK rate expectations weigh on the Pound.
The technical charts show that neither move has yet been fully confirmed.
GBP/USD is attempting to stabilise around 1.3320, while EUR/GBP remains below resistance around 0.8550.
However, the fundamental risks identified by Rabobank remain unresolved.
A reduction in expected BoE tightening would remove an important source of Sterling support, while further spending announcements without a convincing funding plan could renew pressure on gilts.
The base case is therefore for Pound Sterling to remain vulnerable, with a GBP/USD break below 1.3290 strengthening the path towards 1.3200 and an EUR/GBP move above 0.8550 opening the way towards Rabobank’s 0.8650 target.
Ali Dasdan, Chief Technology Officer of Dropbox, Inc. (DBX +2.67%), reported a sale of 12,972 shares on July 14, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$389,160Shares sold (directly held)12,972Post-transaction shares (directly held)~501,639Post-transaction value~$15.03 millionTransaction value based on SEC Form 4 weighted average sale price ($30.00); post-transaction value based on July 14, 2026 market close ($29.97).
Key questionsWhat was the context for this equity disposition?
The sale was conducted through a pre-arranged Rule 10b5-1 trading plan established in May 2025, which allows insiders to execute trades according to predetermined schedules to avoid potential conflicts involving non-public information.How does this transaction impact the CTO's long-term alignment with the company?
Despite the sale of 12,972 shares, Dasdan retains a significant direct interest of ~501,639 shares; furthermore, the executive holds restricted stock units with vesting schedules extending through November 15, 2030, ensuring ongoing exposure to long-term performance milestones.What are the fundamental financial metrics for Dropbox currently?
The company reports trailing twelve-month revenue of $2.5 billion and net income of $472.6 million, while the stock has delivered an 11% return over the 12-month period ending on the July 14, 2026 transaction date.What is the market valuation of the executive's remaining direct equity?
At the July 15, 2026 market close price of $30.35 per share, the executive's ~501,639 directly held shares represent a total market value of approximately $15.2 million.Company OverviewMetricValueShare Price (as of market close 2026-07-15)$30.35Market Capitalization$7.7 billionRevenue (TTM)$2.5 billionNet Income (TTM)$472.6 millionCompany SnapshotDropbox provides comprehensive file backup, synchronization, and sharing solutions through its integrated platform, which includes specialized products such as Dropbox Sign for digital signatures, Dropbox Dash for unified search and discovery, Dropbox Reclaim.ai for calendar management, and DocSend for document tracking and analytics.The company operates a subscription-based business model that generates recurring revenue from both individual users and enterprise customers through tiered pricing structures, with additional revenue streams derived from specialized vertical solutions and premium features.Dropbox serves a diverse customer base ranging from individual consumers and small businesses to large enterprises across multiple industries, with particular strength in professional services, financial services, and technology sectors requiring robust content collaboration capabilities.Dropbox maintains a market capitalization of $7.7 billion with TTM revenue of $2.5 billion and net income of $472.6 million, reflecting strong profitability and operational efficiency in the cloud storage and content collaboration sector.
The company's diversified product portfolio extends beyond traditional file storage to encompass specialized workflow solutions, positioning it as a comprehensive platform for enterprise content management and collaboration. With 2,113 employees and a one-year stock appreciation of 10.63%, Dropbox demonstrates sustained market confidence in its ability to capture growth opportunities within the expanding digital workplace infrastructure market.
What this transaction means for investorsThe July 14 sale of Dropbox stock by CTO Ali Dasdan was a non-discretionary transaction executed as part of his Rule 10b5-1 trading plan. This suggests the disposition is not a red flag for investors. In addition, Dasdan maintained a substantial equity stake in the company post-transaction, with over half a million directly-held shares.
Dasdan’s sale occurred at a time when Dropbox stock was on an upswing. Shares were near their 52-week high of $32.40 when the CTO sold for a weighted average price of $30.00 per share.
Dropbox stock was up due to solid performance in the first quarter. Revenue rose to $629.5 million, up from $624.7 million in 2025, with a gross margin of nearly 80%. The company is also profitable with Q1 net income of $114.5 million.
Dropbox introduced new artificial intelligence tools to make working with its solutions easier and more efficient for customers. Its customer base has remained steady over the past three years at over 18 million subscribers through 2025.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Dropbox. The Motley Fool has a disclosure policy.
Lista DAO spouští likviditní pooly na OpenOcean, aby rozšířila přístup k likviditě na BNB Chain a zlepšila ceny swapů. Mezi podporované páry patří $USDT/$lisUSD, $BNB/$slisBNB, $USDT/$USDC a $U/$USDT.
Lista DAO, a BNB Chain-based DeFi protocol, is launching liquidity pools on OpenOcean, a multichain DEX aggregator. With this development, Lista DAO is broadening access to the decentralized liquidity across the BNB Chain network. As per Lista DAO’s official announcement, the move lets users leverage diverse Lista-driven trading pairs via the aggregation platform of OpenOcean. The move comes just before the rollout of the LISTA Compounding Rewards Season 1 that will go live on the 26th of July.
Lista DAO Widens Liquidity Access via OpenOcean Integration Integration with OpenOcean permits Lista DAO to deliver enhanced swap pricing as well as more effective execution of trades for market members. So, the provision of liquidity pools through OpenOcean is anticipated to fortify on-chain liquidity, along with making swaps of tokens easier for consumers. The move enables liquidity providers and traders to seamlessly access many crucial trading pairs via OpenOcean.
Among the compatible pools are $USDT/$lisUSD, $BNB/$slisBNB, $USDT/$USDC, and $U/$USDT. At the same time, more pairs are also going to be available in the near future. With the use of the aggregation technology of OpenOcean, consumers can likely leverage optimized routing to search for significantly competitive exchange rates among liquidity providers within the decentralized network.
The partnership denotes a key development for Lista DAO to expand the liquidity infrastructure’s accessibility. Enabling the availability of these pools via a broadly utilized DEX aggregator can advance trading activity while streamlining access. It targets consumers who prioritize performing swaps via one interface instead of interacting with more than one DEX separately. Additionally, the deeper liquidity’s availability is poised to minimize price slippage when large transfers take place.
LISTA Compounding Rewards Season 1 Starts on July 26 According to Lista DAO, parallel to the liquidity expansion, the platform is also readying to unveil Season 1 of the LISTA Compounding Rewards initiative on the 26th of July. The platform will specifically distribute rewards via “Interest Crates,” with 2 primary factors determining allocations, including the maturity and position of the respective position. Overall, the merger of the incentive project and the broadened liquidity access underscores the platform’s endeavors to bolster its DeFi network.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Trumpovo přiznání výnosů přes 1 miliardu USD z digitálních aktiv komplikuje jednání o Clarity Act. Demokraté chtějí doplnit zákaz, aby úřadující prezident a jeho rodina na kryptu nevydělávali.
Being president is a decent gig. Being president while your family runs a billion-dollar crypto operation is, apparently, an even better one.
President Donald Trump’s 2025 financial disclosure revealed income exceeding $1 billion from digital asset ventures during his first year back in the White House. Estimates peg the total somewhere between $1.2 billion and $1.43 billion, with the bulk flowing from two sources: the family’s World Liberty Financial project and the infamous $TRUMP meme coin.
The disclosure has thrown a wrench into already fragile bipartisan negotiations over the Clarity Act, the sweeping market structure bill that was supposed to give the crypto industry its regulatory framework. Democrats now want the bill rewritten with provisions specifically designed to prevent sitting presidents and their families from cashing in on digital assets. The legislation, as of late July 2026, is going nowhere.
Follow the money The numbers paint a pretty vivid picture. Roughly $500 million to $594 million of Trump’s crypto income came from World Liberty Financial, the DeFi project his family launched in 2024. WLFI controls 75% of its token sale proceeds, and those proceeds have been flowing generously to Trump-linked entities.
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Another $635 million or so came from the $TRUMP meme coin. Here’s the thing about that number, though: it represents profits that were realized while retail investors were getting obliterated. The $TRUMP token has crashed more than 97% from its peak.
WLFI tokens haven’t fared much better, dropping roughly 80% in value.
The legislative standoff Senator Elizabeth Warren has been leading the Democratic charge, arguing that the current draft of the Clarity Act contains loopholes wide enough to drive a presidential motorcade through. Her core argument is straightforward: a president who profits from crypto has a direct financial incentive to shape crypto regulation in his favor, and the legislation needs to explicitly block that.
Recent Senate drafts have floated a proposal to temporarily ban federal officials from issuing digital assets until 2029. That provision alone has become a dealbreaker for Republicans who view it as overreach, and for some Democrats who think it doesn’t go far enough.
The crypto industry spent years begging Washington for regulatory clarity. Congress finally started delivering, passing the GENIUS Act for stablecoins in 2025. But the broader market structure bill, the one that would actually define how tokens are classified and traded, is now hostage to a political fight that has almost nothing to do with the technology itself.
What this means for investors For the crypto market broadly, the stalled Clarity Act is a significant problem. Without a market structure framework, the industry remains in a regulatory gray zone where enforcement actions substitute for clear rules.
The $TRUMP meme coin’s 97%-plus collapse is a case study in what happens when speculative assets tied to political narratives lose momentum. WLFI’s 80% decline tells a similar story. Even with a direct connection to the most powerful person in the country, the token couldn’t sustain its valuation.
The broader risk is that the Democratic push for stricter ethics provisions, if successful, could create a chilling effect beyond just the president’s portfolio. If legislation ends up restricting how any federal official interacts with digital assets, it could discourage the kind of government engagement the industry has been courting. On the other hand, if the Clarity Act dies entirely because neither side can agree on ethics language, the industry loses the regulatory framework it needs to mature.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tým TRUMP přesunul 16,84 milionu tokenů v hodnotě asi 16,91 milionu USD do tří úschovních peněženek Fireblocks. Přesun přišel před termínem CLARITY Act a vyvolal spekulace o odemykání tokenů.
Donald Trump-backed Official Trump (TRUMP) memecoin team has just moved nearly $17 million worth of its tokens. The latest on-chain transfer comes on the heels of the CLARITY Act deadline, spurring speculations. In addition, the scheduled TRUMP token unlock has led to other lawyer of reasoning behind the move.
Official Trump Team Moves Millions In TRUMP Memecoin Donald Trump’s team shifted 16.84 million TRUMP tokens worth approximately $16.91 million to three Fireblocks custody wallets today, according to Arkham Intelligence data.
“TRUMP TEAM SENT $16M TRUMP TO CUSTODY.” The blockchain analytics platform added, “The $TRUMP team just transferred $16.91M of TRUMP to 3 Fireblocks Custody addresses.”
The transfers were distributed in three wallets. First, approximately 3.555 million worth $5.5 million TRUMP tokens were transferred to an address on Fireblocks. Thereafter, the team moved 3.596 million TRUMP tokens to another address on Fireblocks. At last, 3.686 million TRUMP tokens were shifted to a third address on Fireblocks. The total of the transfers on execution was approximately $16.91 million.
TRUMP TEAM SENT $16M TRUMP TO CUSTODY
The $TRUMP team just transferred $16.91M of TRUMP to 3 Fireblocks Custody addresses.
These addresses have all received $TRUMP in the past, and all sent their past TRUMP to Bitgo. Are they distributing TRUMP unlocks? pic.twitter.com/Y6XU8dg7qS
— Arkham (@arkham) July 25, 2026
Moreover, Arkham said that these wallets had previously also received TRUMP tokens. The firm asked, “These addresses have all received $TRUMP in the past, and all sent their past TRUMP to Bitgo. Are they distributing TRUMP unlocks?”
The latest movement drew attention as a big part of the token is kept under the control of the insiders. The TRUMP team has the ability to sell up to 96 million tokens, or 9.6% of the entire token supply, at the current price tag of $150 million, per crypto tools data. This figure is significant as it is about 40% of the current total token supply of 237 million.
There are currently 80% of the total supply in the hands of the insiders, and almost 670 million tokens (67%) are already unlocked. At press time, the TRUMP token was at $1.57, marking an 83% decline from its year-over-year high and nearly 98% drop from $73.43 in January 2025. According to data, there have been approximately 1 million buyers who have lost a total of $3.81 billion.
The CLARITY Act Factor In Play The Trump coin activity on-chain comes amid digital asset legislation in Washington. Despite recognizing it wouldn’t get 60 votes required for passage, Senate Majority Leader John Thune is trying to get the CLARITY Act to the floor prior to the August recess.
As CoinGape reported previously, Thune said, “I would like to at least get Clarity started. We’ll see where the votes are.” The bill passed the House in July 2025 and passed the Senate Banking Committee the following month with a vote of 15-9 in May 2026. However, the bill still needs to gain about seven Democratic votes to pass and key issues of contention remain: ethics rules and consumer protection.
The ethics provisions crackdown on Donald Trump’s crypto businesses like the TRUMP meme coin. Hence, the recent onchain movement has sparked discussions on the Internet.
XRP Ledger nově podporuje standard Mastercard Verifiable Intent pro agentické platby. Na XRPL už bylo přes 54 x402 facilitator vypořádáno více než 1,4 milionu agentických transakcí.
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Agent payments on the XRP Ledger now support Mastercard's Verifiable Intent standard, according to a recent X post by t54.ai, an AI infrastructure company building an agentic economy on the XRPL.
The x402 facilitator went live on the XRP Ledger in February 2026, allowing AI agents to pay for services using XRP and RLUSD with no need for an API key or accounts.
According to t54.ai, developers can prove through the x402 Facilitator who authorized a payment, under what limits, and for which purchase, and Trustline screens it before settlement. They can also attach a Mastercard-aligned Verifiable Intent (VI) to their x402 payments so every request agents make is automatically run through the XRPL Facilitator's risk service.
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Verifiable Intent (VI) is a cryptographic proof, carried alongside an x402 payment, that answers three questions a risk engine needs before it trusts an autonomous payment: who authorized it, under what limits, and for exactly which transaction. It follows the Mastercard Agentic Payments / Verifiable Intent standard.
The rise of AI has created new ways to buy and sell goods and services and now requires a new class of payments.
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As part of this push, Mastercard introduced the Agent Pay for Machines (AP4M) service, which will allow payment transactions to be permissioned, orchestrated, and settled at machine speed across its global payments network.
Ripple joined the ecosystem supporting Mastercard's Agent Pay for Machines initiative in June 2026, helping to validate new use cases, establish common rules, and accelerate adoption.
XRPL hits 1.4 million agentic transactionsThe agentic economy on the XRP Ledger is growing, with over 1.4 million agentic transactions settled through t54's x402 facilitator on the XRPL.
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Responding to this milestone, RippleX head of engineering J. Akinyele compared the current state of agentic payments to the early days of cloud infrastructure, when the potential was obvious but the tooling and standards were still being developed.
Akinyele said that as AI agents become more capable, they will require seamless payment infrastructure similar to how they already exchange data, adding that the XRPL is in the early stages of what is possible.
"Crossing 1M agentic transactions on the XRPL is an exciting milestone, but I believe we're still in the early stages of what's possible," Akinyele said in an X post.
BlackRock clients have reportedly sold $52.76 million worth of Ethereum, according to a social media post by @WhaleInsider. The sale appears to be linked to BlackRock’s iShares Ethereum Trust, a spot ETF facilitating ETH exposure for institutional clients. This move is not directly attributable to BlackRock’s proprietary activity but suggests a significant outflow from the ETF, which is a major institutional holder of Ethereum. Such outflows are often observed alongside broader ETF activity and can influence market dynamics, particularly given the large scale of the transaction.
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Key Takeaways The reported sale of $52.76 million in Ethereum by BlackRock clients suggests a substantial institutional outflow, potentially impacting market sentiment. Current market odds for Ethereum dropping to $1,300 in July remain low, indicating limited immediate market impact from this news. Observers note that BlackRock’s iShares Ethereum Trust has previously been a significant driver of spot demand for Ethereum. What to Watch Markets will be closely monitoring any further large-scale transactions linked to the iShares Ethereum Trust, as these could indicate broader trends in institutional sentiment toward Ethereum. Additionally, any future announcements regarding inflows or outflows from major Ethereum ETFs could influence market perceptions and pricing. The impact on Ethereum’s price trajectory will also depend on broader market conditions, including regulatory developments and macroeconomic indicators.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 0.2% — — View market → August 1 2026 22.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 6.5% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.6% — — View market → August 1 2026 2.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 15.5% — — View market →
