Google maintained steady user and traffic growth in June while rivals Claude and Gemini extended sharp gains, according to a new note from Bank of America.
BofA reiterated its Buy rating on Alphabet Inc (NASDAQ:GOOG), pointing to comments from Google executives describing an "expansionary moment" for Search that could support continued strength into 2026.
Global daily active users on Google's app rose 1% month-over-month to 2.2 billion in June, per Sensor Tower data cited in the note. ChatGPT held flat at 440 million daily users, while Gemini climbed 7% to 118 million and Claude gained 9% to 18 million.
Gemini added 8 million daily users during the month, more than any other AI app tracked, followed by ChatGPT and Claude, which each added 2 million. Meta AI lost about 200,000 daily users over the same period.
Web traffic data from Similarweb showed a similar pattern. Global daily visits to Google were up 4% year-over-year to 2.8 billion in June, while ChatGPT's web traffic was flat year-over-year at 179 million visits. Gemini's web visits surged 341% year-over-year and Claude's rose 736%, though both remain far smaller in absolute terms than Google or ChatGPT. Meta AI's web visits rose 98% year-over-year.
In the US specifically, Google web visits rose 3% year-over-year to 535 million, while ChatGPT's US visits climbed 19% year-over-year to 31 million, equivalent to roughly 6% of Google's US traffic.
Search market share data from Statcounter showed Google's global share up 79 basis points month-over-month and 171 basis points year-over-year, reaching 91.3%. Bing's global share ticked up 30 basis points month-over-month to 4.7%. In the US, Google's search share rose 86 basis points month-over-month to 86.7%.
BofA said the combination of stable Google traffic and strong ecommerce volumes in the second quarter points to potential upside to Street estimates for Search. The bank flagged new AI-driven ad formats and agentic search features announced at Google's I/O conference, along with broader rollout of Gemini 3.5 Pro, as potential catalysts. Risks cited included Alphabet's relatively elevated valuation compared with its recent history, OpenAI's advertising ramp, and emerging competition from new models.
SummaryAmazon is launching Amazon Supply Chain Services, leveraging its logistics infrastructure for external customers beyond its core e-commerce, AWS, and advertising businesses.ASCS targets residential parcel delivery, offering lower rates and simpler pricing to attract third-party volume, improving network utilization and operational efficiency.Base and strong case scenarios suggest ASCS could contribute 2–5% of annualized operating income, with the primary benefit being cost savings in Amazon’s retail logistics.I rate AMZN a Buy, as ASCS enhances logistics economics and offers upside potential beyond AWS and AI, with further value possible from freight and international expansion. hapabapa/iStock Editorial via Getty Images
Amazon (AMZN) traditionally has three businesses: e-commerce, Amazon Web Services, and advertising. Soon, a fourth business is going to be added to this. This is ASCS, or Amazon Supply Chain Services.
In May, Amazon opened
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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.
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OpenAI CEO Sam Altman has struck big deals with Microsoft and Apple. Both of them have ended poorly. Kevin Dietsch/Getty Images A year ago, OpenAI seemed like it had an untouchable lead in the AI race.
It was by far the dominant AI platform for consumers. Competitors like Meta were scrambling — and spending a gazillion dollars on new hires — to catch up. Sam Altman had enough cash, and clout, to hire famed Apple designer Jony Ive to build him a mystery device meant to take on the iPhone Ive helped build.
Now the narrative has turned: OpenAI is now scrambling to catch up to rival Anthropic, which had focused on enterprise accounts instead of selling to individuals. Altman seems to constantly be reorganizing his leadership structure, and then reorganizing again. And Apple is suing OpenAI, claiming that Altman's company poached its employees and stole its secrets.
It's an open question whether OpenAI erred by focusing early on consumers instead of companies. Or whether it has the right executives in the right roles. You need time to see how all of that shakes out. (I've asked OpenAI if they want to weigh in on any of this.)
But we can focus on the Apple lawsuit right now. Because what's interesting to me isn't just the spectacle of one of the world's most powerful companies suing one of the world's most valuable startups (and, possibly dragging its legendary former employee into court as well, though Ive hasn't been named in the suit).
It's that this is the second time OpenAI has aligned itself with a leading tech giant, and ended up in a messy breakup.
That first rift was with Microsoft, which at one point appeared to be OpenAI's most crucial Big Tech ally. Microsoft first invested $1 billion in OpenAI way back in 2019, and then made a much bigger commitment in 2023, months after OpenAI ushered in a new era of AI with ChatGPT. When Altman was temporarily fired by his board later that year, Microsoft CEO Satya Nadella provided crucial backing for Altman in his negotiations to take back his job.
But by April of this year, Microsoft and OpenAI had more or less broken up. They still have a deal, but the exclusive relationship they'd forged a few years earlier is now formally non-exclusive. Of note: That deal came weeks after a report that Microsoft was considering suing OpenAI for allegedly breaching their existing contract.
The Apple/OpenAI story isn't a carbon copy of the Microsoft/OpenAI story, but it rhymes.
In 2024, Apple blessed OpenAI's status as the dominant AI company by giving it pole position on the iPhone: Apple wasn't forcing its users to use ChatGPT, but it was going to integrate the chatbot into its phone software. It seemed like a win for both companies.
Then OpenAI bought Ive's company for $6.5 billion, and announced plans to build a mystery device that isn't supposed to be an iPhone but is also clearly meant to compete with the iPhone in some way. And by May of this year, OpenAI executives were so disappointed with their Apple tie-up that they were reportedly considering suing Tim Cook's company for breach of contract.
Instead, Apple is suing OpenAI.
I don't have an opinion about the merits of Apple's case. So far, we only have Apple's (preliminary) side of the story. And there are plenty of observers, including my colleague Alistair Barr, who aren't particularly sympathetic to Apple.
It's also not the first time Apple has used the court system to fight a would-be iPhone challenger: While it didn't sue Google directly, in 2011 it did sue Samsung, which was using Google's Android software to build an iPhone rival.
But I think it's remarkable that OpenAI has struck two very important alliances with Big Tech giants, and both of them have ended in acrimony.
A seen-it-all perspective would be to argue that fighting with Big Tech companies is a sign that you may be a Big Tech company yourself. And that all of these guys have enormous resources, and lawsuits take forever to play out, and by the time they do, the world may have changed so radically that the initial fight becomes pointless. We're all adults here, let's move on.
But if you're a Big Tech executive who's working with OpenAI, or considering it, you may have already had concerns about the company's leadership. This week's news may give you even more reasons to fret.
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Peter Kafka You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Peter covers media and technology for Business Insider; previously he has worked at Vox, Recode, AllThingsD, and Forbes. He was also the first hire at Silicon Alley Insider, Business Insider's predecessor.
AI OpenAI Sam Altman More lawsuit Apple Microsoft Tim Cook
US banks could deliver broad earnings beats as strong capital markets activity, resilient economic conditions and improving wealth management flows support second-half 2026 and fiscal 2027 earnings revisions, Bank of America analysts wrote in a note ahead of the sector’s upcoming earnings reports.
The firm wrote that it expects all eight major banks it covers, including JPMorgan Chase & Co (NYSE:JPM, XETRA:CMC), Citigroup Inc (NYSE:C), Wells Fargo & Co (NYSE:WFC, XETRA:NWT), Goldman Sachs Group Inc (NYSE:GS, XETRA:GOS), Morgan Stanley (NYSE:MS), Bank of New York Mellon Corp (NYSE:BK, XETRA:BN9), State Street Corp (NYSE:STT) and Northern Trust Corp (NASDAQ:NTRS), to exceed both Bank of America and consensus earnings-per-share estimates.
It added that potential upside in net interest income, particularly at JPMorgan and Citigroup, along with stronger wealth management flows at Morgan Stanley (NYSE:MS) and Northern Trust, could support positive investor reactions.
The firm noted that while investors often look past trading and investment banking revenue beats because they are not always incorporated into long-term estimates, stronger underlying revenue trends could lead to broader earnings revisions.
JPMorgan Chase is among the stocks Bank of America views as having the most asymmetric risk-reward setup heading into results. The firm wrote that investors remain focused on management’s cautious commentary around current earnings levels, with executives previously warning that the bank may be “over-earning” in the near term. However, Bank of America expects stronger capital markets revenue to support second-quarter earnings, raising its EPS estimate to $5.59 from $5.48.
Citigroup could also see continued momentum, with Bank of America writing that the company’s conservative guidance contrasts with a strong operating environment. The firm expects stronger capital markets revenue to lift its second-quarter EPS estimate to $2.65 from $2.60, while noting that investors will be watching progress toward return on tangible common equity targets.
For Wells Fargo, Bank of America wrote that investor focus will remain on net interest income growth and whether the bank can achieve its targeted returns while executing its broader growth strategy. The firm maintained its second-quarter EPS estimate of $1.72, noting that confidence around Wells Fargo’s ability to deliver on its net interest income outlook could be key for the stock’s performance following results.
Morgan Stanley enters earnings with positive momentum tied to its wealth management business, trading operations and international franchise, according to Bank of America. The firm wrote that investors will be watching net new asset growth in wealth management, particularly following recent initial public offerings and continued integration benefits from its workplace business. Bank of America raised its second-quarter EPS estimate for Morgan Stanley to $2.81 from $2.71 due to stronger capital markets revenue expectations.
Goldman Sachs is expected to report strong revenue trends, though Bank of America wrote that investors will be looking for evidence that earnings growth and return on equity remain sustainable following the stock’s recent outperformance. The firm raised its second-quarter EPS estimate to $14.11 from $13.18 on stronger capital markets revenue expectations.
Bank of America wrote that Goldman Sachs’ capital management, efficiency initiatives and ability to sustain returns through market cycles will remain key areas of investor attention. The firm added that while stronger trading and investment banking activity could drive an earnings beat, investors may place greater emphasis on the durability of future earnings growth and the bank’s premium valuation.
NEW YORK and LONDON and LEAMINGTON, Ontario, July 13, 2026 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a global lifestyle and consumer packaged goods company at the forefront of the cannabis, beverage and wellness industries, today announced that the Company will release its financial results for the fourth quarter and full fiscal year ended May 31, 2026, after the financial markets close on Tuesday, July 28, 2026.
Live Conference Call and Audio Webcast
Tilray will host a live conference call, which will be webcast, to discuss these results at 4:30 PM Eastern Time on the same day. The webcast can be accessed on the Events & Presentations section of Tilray’s Investor Relations website.
About Tilray Brands
Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy and create memorable experiences. Tilray’s unprecedented platform supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages.
For more information on how we are elevating lives through moments of connection, visit Tilray.com and follow @Tilray on all social platforms.
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) just reported quarterly net income of $58.32 billion, up 210.63% year over year, for the fiscal first quarter of 2027 ended in the period reported on May 20, 2026. Over the trailing 12 months, Nvidia has now brought in more than $250 billion (a quarter trillion dollars), making its current valuation, at its current run rate, seem more than reasonable.
That said, the number I think more investors may pay attention to is NVIDIA’s operating profit, which more than tripled in twelve months. That tripling comes at a scale that already dwarfs the annual earnings of most companies in the S&P 500.
That figure represents reported GAAP net income for a single three-month period, straight from the filing.
What It Means A tripling of profit at a company already generating tens of billions per quarter tells you the AI infrastructure cycle is still compounding. Revenue for the quarter came in at $81.61 billion, up 85.2% year over year, beating the $79.12 billion consensus by 3.16%. Operating income of $53.54 billion rose 147.42%, and non-GAAP gross margin widened to 75.0% from 60.8% a year earlier.
The engine behind the number is NVIDIA’s data center segment. This business alone brought in more than $75 billion of revenue (up 92% year over year), with data center networking alone at $14.8 billion, up 199%. Free cash flow reached $48.55 billion for the quarter, and that’s what companies are ultimately valued off of.
The bottom line is that NVIDIA’s profitability is now scaling faster than its revenue, which is what margin expansion at hyperscale looks like.
Market Reaction Shares closed at $221.54 on the filing day of May 20, 2026, up from $195.95 at the prior quarter’s filing on February 25, 2026. The stock has since drifted lower, down nearly 12% over the past month and off 2.35% on the current session at $192.94. Year to date, NVDA is still up 6.07%, and one-year return sits at 29.05%. Over five years, the stock has returned 867.71%.
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Bull Case The forward setup is where this gets interesting for long-term holders. Management guided fiscal Q2 2027 revenue to $91.0 billion, plus or minus 2%, with non-GAAP gross margin held at 75.0%. That guidance excludes any China data center compute revenue, meaning the number assumes zero contribution from a market that used to be material. Any thaw is pure upside.
Capital return has finally caught up with the earnings power. The board raised the quarterly dividend from $0.01 to $0.25 per share and authorized an additional $80.0 billion in buybacks, on top of $38.5 billion remaining under the prior authorization. Roughly $20.0 billion was returned to shareholders in the quarter. Supply commitments of $119.0 billion underwrite the Blackwell 300 ramp and the newly announced Vera Rubin platform.
Valuation is the counterweight. The chip giant’s forward P/E stands at 23x, PEG at 0.616, with analyst consensus target at $301.62 and 48 Buy ratings against 1 Sell. CEO Jensen Huang framed the setup bluntly: “The buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed.”
Bottom Line A 210.63% jump in quarterly net income at a company with a $4.67 trillion market cap is the kind of earnings report that reframes the narrative for retirement-focused holders: the mega-cap earnings base is still compounding.
With forward guidance of $91.0 billion in Q2 revenue, an $80.0 billion buyback authorization, and a 25-fold dividend hike, NVIDIA is signaling that the AI cycle it powers has years of runway left. The stock has cooled off its peak, trading below its 50-day moving average of $209.90 and closer to its 200-day at $190.94. For long-term investors, the profit line is doing the talking. The next test comes when fiscal Q2 2027 results land.
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The past few years have been boom-or-bust for some of the world's most recognizable names. The advent of artificial intelligence (AI) was a catalyst for companies at the forefront of the technology.
Nvidia (NVDA 3.23%) leads the field for the graphics processing units (GPUs) that run AI models in data centers. Amazon (AMZN +0.86%) used AI to increase efficiency across its business, while also offering AI models to customers of Amazon Web Services (AWS), its cloud infrastructure service. Microsoft (MSFT +1.68%) partnered with ChatGPT creator OpenAI early on, integrating generative AI tools across its vast business, while also offering AI tools and models to cloud customers. Moreover, these tech titans have ridden AI to market-beating returns in recent years.
However, this year has marked a turning point. Nvidia, Amazon, and Microsoft are each trailing the S&P 500 thus far in 2026 (as of this writing), with valuations falling to at least five-year lows in recent months. History is crystal clear about what happens next.
Image source: Getty Images.
Valuations disconnected from resultsDespite delivering quarter after quarter of record-breaking results, Nvidia's valuation continues to tumble. The stock has a price-to-earnings (P/E) ratio of 31, near its lowest level since 2019. Yet its operating and financial results continue to accelerate.
For its fiscal 2027 first quarter (ended April 26), Nvidia generated record revenue, up 85% year over year and 20% quarter over quarter to $81.6 billion. This drove adjusted earnings per share (EPS) that soared 140% to $1.87. The results were driven by record data center revenue of $75 billion, up 92%. Management expects its growth spurt to continue, forecasting year-over-year revenue growth of 95% to $91 billion in Q2.
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Like Nvidia, Amazon is posting impressive numbers while its valuation remains compressed, with its P/E ratio falling to 25 this year (though it's rebounded slightly to 29). You'd have to go back to 2008 to find a lower multiple.
Yet Amazon’s results continue to impress. In Q1, revenue of $182 billion rose 17% year over year, while EPS of $2.78 jumped 75%. Perhaps more telling is the reacceleration of its cloud growth, as AWS revenue rose 28%.
Microsoft has also been generating strong growth, yet that growth isn't reflected in the company's current valuation. Its P/E ratio had fallen to 21 late last month, though it has rebounded slightly to 23. You'd have to go back to mid-2017 to find a multiple that low.
But its financial results tell a different story. In its fiscal 2026 third quarter (ended March 31), Microsoft generated revenue that climbed 18% year over year to $83 billion, while its diluted EPS of $4.27 grew 23%. Perhaps more importantly, its Azure Cloud revenue jumped 40%.
What's weighing on these industry leaders?Nvidia, Amazon, and Microsoft are all facing the same headwinds. Investors are worried that AI adoption will slow and the gravy train will derail. While those concerns are certainly justified and bear watching, a look back can be instructional.
NVDA PE Ratio data by YCharts
In every prior instance in which these stocks' P/E ratios were compressed to this degree, each was followed by an equally robust rebound of its multiple after the companies demonstrated the resilience of their financial results. It's easy to understand why. Sentiment has a limited shelf life, and investors will ultimately rely on sales and profit growth as the primary gauges of a stock's trajectory.
To recap: Nvidia, Amazon, and Microsoft are currently selling for 31 times, 29 times, and 23 times earnings, respectively -- well below their historical averages. This gives savvy investors the opportunity to pick up shares at a discount before the market comes to its senses.
Nvidia (NVDA 3.52%) has solidified its position as one of the most important companies in the tech world, as the undisputed leader in artificial intelligence (AI)-related hardware. The company started as a graphics card maker for video games, but its graphics processing units (GPUs) and other advanced AI chips have since become the hardware foundation for the current AI boom.
Unfortunately, there has been a $2.5 billion chip-smuggling scheme on the black market, and Nvidia CEO Jensen Huang isn't a fan of what's happening. During Nvidia's shareholder meeting, Huang took a strong stance on the scheme, calling it a "dead end."
This scheme involves smuggling Nvidia chips into markets like China -- where Nvidia has strict import restrictions and controls -- using methods that circumvent audits intended to verify legitimacy. Despite the issue, there are larger implications that should be encouraging to Nvidia investors.
Image source: Nvidia Corporation.
Going nowhere fast A major point Huang made is that Nvidia's AI chips aren't like a typical video game graphics card, where you buy it once and it works indefinitely. These chips are part of an ecosystem that requires constant updates (both software and hardware maintenance) that aren't available to chips acquired on the black market.
In other words, they may work now, but without software updates, security patches, and Nvidia's engineering support, their lifespans are short and will inevitably become unusable or a liability to the companies using them. That's the basis for his "dead end" comments.
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Nvidia wants to stay in Washington's good graces As it stands, Nvidia has a monopoly on the advanced GPUs needed to train and deploy AI. Companies like Amazon and Alphabet are beginning to make their own in-house chips, but for the most part, Nvidia comfortably dominates the market. It won't last forever, but other companies have lots of ground to make up before catching up to Nvidia.
Arguably its biggest obstacle right now, though, is government restrictions and compliance requirements. The U.S. has already implemented strict export bans on certain chips to China, so Huang's taking this stance is a way to stay in the good graces of the U.S. government and avoid further crackdowns or potential fines. The fewer geopolitical and regulatory worries, the better.
Nvidia is still rolling strong The black-market chips haven't had much of a negative effect on Nvidia's business. In its most recent quarter (ended April 26), it made $81.6 billion in revenue (up 85% year over year) and $58.3 billion in net income (up 211% year over year).
Nvidia is a well-oiled machine, and this shows just how wide its technological and competitive moat is. That should be encouraging news for investors seeking sustainable growth and who may have had "AI bubble" worries. There's a reason the company was comfortable authorizing an $80 billion share buyback program and increasing its dividend from $0.01 to $0.25.
U.K.-based remittance provider ACE Money Transfer has launched a cross-border payments partnership with Visa.
The collaboration will see the companies promote account funding transactions to support faster and more seamless money transfers, ACE said in a Monday (July 13) news release.
The combination of ACE Money Transfer’s expertise in global remittances with Visa’s payments network is designed to support a more secure and convenient digital payments experience for people sending money to friends and family around the world, the release added.
The collaboration aims to support secure digital payment experiences while creating greater convenience for customers sending money to family and friends around the world.
“Visa’s AFT capability strengthens the infrastructure underpinning every card-funded transfer on our platform. This is about building a payments stack that performs for our customers, and for the corridors we serve.” said Rehan Ashraf, head of payments and banking infrastructure at ACE Money Transfer.
“Our collaboration with Visa represents an important step in strengthening our payment capabilities,” he added. “By working closely with Visa to support account funding transactions, we are enhancing the way customers fund their transfers while continuing to invest in secure, reliable and efficient payment experiences.”
Olga Ovchinnikova, vice president, head of Visa Direct Europe, said the partnership comes amid rising demand for digital cross-border payments, underscoring the need for collaboration.
“By expanding our work with ACE Money Transfer across Visa Direct capabilities, we’re helping enable secure, seamless and reliable money movement for customers around the world,” she added. “Together, we’re making it easier for ACE customers to fund and send transfers efficiently, helping meet the needs of individuals and families who rely on fast, convenient cross-border payments.”
PYMNTS explored some of the obstacles hindering cross-border payments last week in a conversation with AJ McCray, managing director and head of global payments product at Bank of America.
The largest of these obstacles, that report said, is providing the certainty, visibility and immediacy that consumers and businesses expect when making domestic payments.
That expectation is transforming how companies approach global payments, from pushing for faster settlement to demanding continuous availability, end-to-end transparency and payment experiences that resemble domestic, real-time transactions, even when money needs to travel across multiple jurisdictions. McCray said the forces driving that demand extend well beyond advances in payment technology.
“There are really three things that are driving this need,” McCray told PYMNTS. “You’ve got consumer expectations, new business models and more sophisticated corporate treasurers.”
Characteristics and Risks of Standardized Options: https://bit.ly/2v9tH6D. JPMorgan Chase (JPM) and will serve as the cornerstone to big bank earnings Tuesday morning.
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The live-action remake of "Moana" didn't draw as many fans from the couch as expected. Kevin Mazur/Getty Images for Disney "Moana" bellyflopped in its box-office debut, and the miss should provide Disney film executives with some hard-earned lessons.
Disney's new live-action remake about the uber-popular Polynesian princess failed to bring audiences aboard, with a $43 million domestic opening that was only slightly above the disastrous start for the "Snow White" remake last year.
"'Moana's' performance this weekend certainly has everyone questioning the animation-to-live-action strategy often employed by Disney," said Paul Dergarabedian, the head of marketplace trends at media research firm Rentrak.
The Mouse House has used sequels and remakes as an easy, low-risk way to generate tons of cash, though a flop for one of its most popular movies means this strategy may be losing luster with fans.
"Disney invented this live-action phenomenon based on their animated films, and they've had remarkable success with them," said box-office analyst David Gross in a Sunday report. "But this opening isn't close to Disney's past remakes."
Unlike the ill-fated "Snow White" adaptation, this "Moana" movie had no notable controversies, and it didn't make polarizing creative choices like last May's successful "Lilo & Stitch" remake (which brought in over $182 million in the US in its debut).
Here are the three key reasons "Moana" sank in its box-office opening weekend, according to analysts.
1. It's all too familiarThe new "Moana" is "an almost shot-for-shot (and line-for-line, in some cases) remake of a five-star masterpiece," Business Insider's Gabbi Shaw wrote in a review of the live-action remake.
By mimicking the original "Moana," Disney avoided angering audiences who might not have wanted to see major changes to the hit. But by declining to reimagine "Moana," the live-action remake may not have excited fans either.
"The central conundrum with all of these remakes," Shaw wrote in her review, is that Disney fans or parents with Moana-crazed kids could have simply put on the "superior animated film" instead of bringing the whole family to a theater.
Though controversy-free, the new "Moana" movie was something that "nobody was talking about, for better or worse," said box-office analyst Scott Mendelson.
2. Too much 'Moana'Disney may have given audiences another "Moana" movie too soon.
The original animated film came out 10 years ago, and Disney struck gold with a billion-dollar "Moana 2" sequel in 2024.
Although the "Moana" movies are beloved, as they consistently rank among the most-watched films on streaming, kids may already be getting their fix of the princess from the comfort of their couch.
"This story wasn't ready to come back, and audiences are not rushing to see it," Gross said.
Analyst Shawn Robbins, the director of movie analytics at Fandango, said the timing of this "Moana" film missed the sweet spot.
"This live-action take arrived at least half a decade too early if the goal was for the box office to benefit from nostalgia and a generational hand-me-down to kids who didn't see the original film in theaters or weren't born yet," Robbins said.
3. It faced stiff competition, including friendly fireAnother factor in the "Moana" remake's slow start was that there are plenty of family-friendly films in theaters right now.
"The marketplace is a bit oversaturated with PG-rated family fare," Dergarabedian said.
Disney decided to release the new "Moana" three weeks after its own smash-hit "Toy Story 5" and a week after "Minions & Monsters" from Universal, though that film has so far slightly underwhelmed.
Those films and the World Cup may have kept audiences elsewhere, Robbins remarked.
However, seeing movies isn't always a zero-sum game. Mendelson said that family-friendly hits can spur rival movies, since kids see trailers in theaters and get excited.
"If people had wanted to see 'Moana,' they would have seen 'Moana,'" Mendelson said.
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James Faris You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Key Takeaways Delta's first-half 2026 operating revenues rose 16% to $35.6 billion on broad demand strength. DAL affirmed $3-$4 billion in 2026 free cash flow and announced a 15% dividend increase. Delta ended the June quarter with $7.7 billion in liquidity as adjusted net debt declined. Delta Air Lines (DAL - Free Report) continues to stand out in a tough airline backdrop, with premium demand, loyalty revenue and corporate travel helping support growth.
The stock’s story is not one-sided. Fuel, labor and recovery-related costs still pressure margins, keeping the risk-reward setup balanced even as Delta’s revenue mix looks stronger than many peers.
Delta Revenue Mix Supports StabilityDelta’s business is not driven only by base ticket sales. Premium products, loyalty travel awards, travel-related services, American Express remuneration and third-party maintenance, repair and overhaul activity all add depth to the revenue base.
That matters in an industry where airfare demand can shift quickly. A more diversified model can help smooth results when leisure pricing softens, fuel rises or corporate demand changes pace.
United Airlines (UAL - Free Report) is a relevant comparison because it is also a major U.S. network carrier competing for premium, corporate and international travelers. American Airlines (AAL - Free Report) offers another peer reference point for investors evaluating airline revenue mix and balance-sheet sensitivity.
DAL Is Seeing Broad Demand StrengthDelta’s first-half 2026 results showed the value of that mix. Total operating revenues rose 16% year over year to $35.6 billion, while adjusted total revenue per available seat mile increased 10%.
Premium products revenue grew 16%, supported by strong leisure, corporate and loyalty demand. The company also benefited from higher card spend, expanding SkyMiles engagement and growth in third-party maintenance activity.
The strength was not limited to one market. Domestic, Atlantic, Latin America and Pacific passenger revenues all increased in the June quarter from the prior-year period, reinforcing the breadth behind Delta’s demand profile.
Driven by upbeat air-travel demand, shares of Delta have gained in double digits (% wise) so far this year, outperforming its industry, despite high fuel costs.
YTD Price ComparisonImage Source: Zacks Investment Research
Delta Balances Growth With Capacity DisciplineDelta’s lower-capacity bias should be viewed as a margin-protection strategy rather than a weak demand signal. In a high-cost environment, adding capacity too aggressively can dilute pricing and expose earnings to fuel volatility.
Management has emphasized protecting margins while recapturing higher fuel costs. That approach is especially important when macro conditions remain uneven and consumer behavior can shift quickly.
For investors, the discipline is central to the outlook. Airlines do not win only by filling more seats. They also need to fill the right seats at profitable fares while controlling how much cost they add to the system.
DAL Cash Flow Keeps Flexibility IntactDelta’s financial flexibility remains a key support. The company ended the June quarter with $7.7 billion of liquidity, including $3.1 billion of undrawn revolver capacity.
Debt reduction also remains part of the story. Adjusted net debt was $13.6 billion at quarter-end, down $709 million from the end of 2025.
Delta is still investing in the business while returning capital to shareholders. The company affirmed its full-year 2026 free cash flow outlook of $3-$4 billion and announced a 15% increase to its dividend beginning in the September quarter.
That balance gives DAL room to invest in aircraft, technology and customer experience while continuing to support its investment-grade balance sheet.
Delta Signals Show Balanced MomentumThe bottom line is that Delta has several attractive operating traits, but the stock is not free of risk. The company’s premium demand, loyalty engine and cash generation support the case for resilience.
At the same time, fuel costs, wage inflation and capacity decisions can quickly affect airline margins. That explains why the stock’s current signals are constructive but not decisive.
Those scores point to favorable valuation and trading characteristics. The Growth Score of C is more measured, reinforcing the idea that DAL’s outlook is solid but still tied to cost volatility and execution.
Delta Air Lines Inc (NYSE:DAL) reaffirmed its full-year earnings outlook despite higher fuel costs, a move Bank of America said underscores the carrier's earnings resilience and supports its valuation following stronger-than-expected second quarter results.
Bank of America maintained its ‘Buy’ rating on Delta after the airline reported second-quarter earnings per share above consensus, with the beat driven by lower-than-expected costs while revenue was broadly in line with expectations.
The analysts wrote that Delta's decision to reaffirm its 2026 earnings guidance, first issued in January, was a key takeaway from the report.
"We believe the reiteration of the full year is important and shows the resiliency of DAL's earnings algo regardless of the macro," Bank of America wrote, noting the company maintained its forecast despite absorbing roughly $3.5 billion in higher fuel costs than the firm had originally estimated.
Delta's third quarter earnings guidance of $2 to $2.50 per share was broadly in line with the firm's expectations. Bank of America said the outlook implies mid-teens revenue growth alongside improving unit costs.
The firm noted that investors remain focused on the revenue assumptions implied by Delta's reaffirmed full-year guidance. It said the earnings outlook suggests fourth-quarter revenue growth comparable to the third quarter, even as industry capacity is expected to increase and year-over-year comparisons become more challenging.
Bank of America noted that Delta expressed confidence in maintaining pricing into the fourth quarter, citing an improving mix of corporate travel, continued industry capacity discipline, international booking trends and encouraging fall booking patterns.
On costs, the analysts wrote that unit cost inflation should moderate after rising 6.8% in the second quarter, helped by increasing capacity and easing operational pressures. It added that 2027 could see a return to Delta's longer-term target of low-single-digit unit cost growth as capacity normalizes.
Looking across the sector, Bank of America believes that Delta's results reinforce its positive outlook for airline earnings but may temper expectations for upside from other carriers. The firm said it still expects sequential improvements in unit revenue at airlines including United Airlines due to easier comparisons and slower capacity growth, although higher fuel costs could make it more difficult for some peers to reaffirm full-year earnings guidance as Delta has.
Despite Delta's recent share price re-rating, Bank of America said the stock's valuation could continue to improve, supported by what it described as consistent earnings generation and strong free cash flow through periods of weaker demand and higher fuel prices.
Shares of Delta have added about 24% so far this year, trading hands at about $86 on Monday afternoon.
Get the new Gizmo Watch 4 for free with a new line, avoid activation fees with Verizon loyalty and unlock exclusive rewards through Verizon Shine July 13, 2026 15:00 ET | Source: Verizon Communications, Inc.
NEW YORK, July 13, 2026 (GLOBE NEWSWIRE) -- Verizon today announced the launch of the new Gizmo Watch 4, expanding the Verizon Family ecosystem. Designed to give parents and guardians peace of mind, the newest kid-friendly smartwatch introduces next-level safety features, like Watch Removal Detection alerts, real-time location insights, and real-time severe weather notifications (coming soon) to keep families connected and protected. Starting today, customers can get the Gizmo Watch 4 for free with a new line, avoid activation fees with Verizon Loyalty and unlock exclusive rewards through Verizon Shine.
The Gizmo Watch 4 was designed with real parents in mind to build trust and ease everyday worries. It acts like an invisible safety net, giving kids the freedom they crave at an incredible value without putting them in front of social media apps or unfiltered web browsers.
Gizmo Watch 4: Key Features
Safety: Peace of mind with real-time location insights, custom safe zones, watch removal alerts and a distraction-free school mode feature. Guardians can add up to 40 trusted contacts to block strangers.Durability & performance: Features a new water-resistant design with a 1.6-inch scratch-resistant glass screen. Powered by a faster processor and a battery that lasts up to 3 days, it supports high-quality video calling on Verizon's reliable network.Ecosystem integration: Links seamlessly with the Verizon Family app for centralized management of the watch and its safety and wellness features. It even includes fun tools like step counters, to-do lists and kid-friendly educational tools.
Gizmo Watch 4 can be managed directly in the Verizon Family app, so parents can easily track the watch location, manage trusted contacts and set safe zones in one convenient dashboard, making it easy to keep tabs on what matters most.
Big savings, epic experiences and merchandise drops for the whole family
Verizon is making it more affordable and more rewarding to keep the entire household connected. By enrolling in the new Verizon loyalty program using the My Verizon app, standard Gizmo Watch activation and device upgrade fees are a thing of the past.
And with Verizon Shine, Verizon customers have a reason to look forward to Monday, all year round. All Verizon customers on any plan can enter weekly for a chance to win once-in-a-lifetime experiences, alongside daily drops including tickets to concerts and sporting events, exclusive merchandise, dining vouchers, gift cards and more.
Pricing, availability and special promotions
Just in time for the busy back-to-school season, Verizon is offering a special promotion from July 9 through September 3, 2026: New and existing customers can get a free Gizmo Watch 4 when purchasing the device on a 36-month payment plan with a new watch line ($10 a month plus taxes and fees). The value is given as $180 promotional credits, applied over 36 months.
Order your Gizmo Watch 4 today in two kid-focused colors: Dusk Blue and Pistachio Pin at verizon.com or inside the My Verizon App. And, visit Parenting in a Digital World for more information to help you keep your kids safe.
This announcement was originally published by Verizon. Read the original press release.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $138.2 billion in 2025. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores
VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.
Intel (INTC 5.78%) is having quite a moment. This year, the tech stock has surged around 180%. And over the past 12 months, its gains are even larger at about 340%. Renewed optimism around the business, some big-name investments, and stronger results in its foundry operations are the key reasons for its success.
But it wasn't all that long ago that this wasn't a great stock to own. While it's done well over the past year, some investors have been waiting years, perhaps even decades, to recoup their losses on the stock. That's because it recently hit levels it hasn't been at since the dot-com crash.
Image source: Getty Images.
The stock is trading at an extremely high value For investors who bought shares of Intel around March 2000, when the tech stock was near its peak, they would have still been well into negative territory on their investments as recently as a few months ago. While now their investments would finally have become profitable, they would have had to have held on for more than 26 years.
It may be an ominous sign of just how wild the markets have become yet again. Intel, after all, is once again trading at levels it arguably shouldn't be. While the company has been generating some encouraging results of late, the stock trades at a whopping 125 times its estimated future earnings (based on analyst expectations).
While hope these days is around its foundry business, that area of its operations remains unprofitable -- it incurred an operating loss of $2.4 billion during the first three months of the year. Investors may once again be pricing in a lot of future growth and profitability, which, as history has shown, can prove costly.
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Intel's stock has been hot, but its performance over 26 years is a cautionary tale about valuation Hopefully, no investor has been holding on for 26 years waiting for Intel's stock to produce a positive return, but that could have been a reality for anyone buying at the peak. It's only after there's been a drop in value that you can truly know that a peak has been hit, which is why it can be risky to invest in stocks that are rising fast, because it's impossible to know where the top may be.
The one way investors can protect themselves is by always considering valuations and ensuring they aren't buying a stock at obscene multiples, based on assumptions of significant profit or revenue growth that may never be realized. At such a high valuation again, the risk for those buying Intel stock today is that they could end up repeating the mistakes others made during the dot-com bubble.
Jefferies has upgraded Shopify Inc (TSX:SH., NYSE:SHOP) to Buy from Hold and bumped its price target up to $160, pointing to strong early signs for the second quarter, a reworked partner program, and what it thinks is a price increase on the way.
The firm's 2026 earnings-per-share estimates come in at $0.36 for Q1, $0.37 for Q2, $0.44 for Q3 and $0.61 for Q4, adding up to $1.78 for the full year.
Jefferies has been tracking web traffic to shop.app subdomains and found it lines up closely with GMV, a 94% correlation going back to early 2023.
Even factoring in a steady drop in GMV per visit and typical seasonal softness quarter over quarter, the firm thinks Shopify could beat the Street's call for 27% GMV growth in Q2.
The firm also likes changes coming to Shopify's partner commission structure in August, which tie payouts more directly to the value partners actually create on the platform. Jefferies thinks that pushes partners toward landing bigger merchants, sticking around to help them succeed after launch, and paying more attention to things like B2B, POS and Shopify Components, rather than coasting on recurring commissions.
Then there's pricing. Shopify hasn't touched its non-Plus pricing since a 33-34% hike in 2023, and Plus pricing has been flat since a 25% increase in 2024. Since then, the company has added a bunch of new features, including its Sidekick AI assistant, and has been eating the cost of running it.
Jefferies figures that with more merchants actually using and getting value out of Sidekick, Shopify is in a good spot to raise prices again. Management has not committed to anything specific, but Jefferies thinks it's coming. A hike similar to the 2023 move would be small change for any individual merchant, but Jefferies estimates it could add 3-4% to its 2027 revenue numbers, and most of that would flow straight to profit.
On the agentic commerce side, Jefferies stuck with its long-standing view that Shopify is well placed to be the backbone for merchants as AI agents start doing more of the shopping on customers' behalf. The firm sees this as a modest but steady tailwind for GMV over the next few years.
Key Takeaways UNH is expected to report Q2 EPS of $4.84 on $110.05B in revenues before the July 16 opening bell.UnitedHealth may see lower memberships, while improved medical cost management could lift profitability.UNH trades above its historical valuation but below Humana and Molina, with long-term growth in focus. UnitedHealth Group Incorporated (UNH - Free Report) is set to report second-quarter 2026 results on July 16, 2026, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $4.84 per share on revenues of $110.05 billion.
Second-quarter earnings estimates witnessed one downward revision and no upward movement over the past 60 days. The bottom-line projection indicates an increase of 18.6% from the year-ago reported number. But the Zacks Consensus Estimate for quarterly revenues suggests a year-over-year decline of 1.4%.
Image Source: Zacks Investment Research
For the current year, the Zacks Consensus Estimate for UnitedHealth’s revenues is pegged at $443.74 billion, implying a decline of 0.9% year over year. However, the consensus mark for current-year earnings per share is pegged at $18.32, implying an improvement of 12.1% on a year-over-year basis.
UnitedHealth beat the consensus estimate for earnings in three of the last four quarters and missed once, with the average surprise being 0.8%. This is depicted in the figure below.
Q2 Earnings Whispers for UNHOur proven model does not conclusively predict an earnings beat for the company this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s not the case here.
UNH currently has an Earnings ESP of 0.00% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
What’s Shaping UNH’s Q2 Results?The Zacks Consensus Estimate for premium revenues for the second quarter indicates a 2.2% year-over-year decline, whereas our model estimate suggests a 3.1% fall. Lower contributions from both the UnitedHealthcare division and Optum Health are expected to have caused the decrease.
The Zacks Consensus Estimate for UnitedHealthcare’s total domestic commercial customers suggests a 1.5% year-over-year decline, whereas our estimate implies a 1.6% slip. The consensus mark for Medicare Advantage members indicates an 11% year-over-year decrease. The same for Medicaid memberships implies a 6.5% fall from the year-ago level. These are likely to have pushed total memberships in the domestic market down from the year-ago period. The consensus estimate implies around 3.6% decline year over year. These are likely to have affected its revenues in the second quarter.
Nevertheless, better medical cost management is likely to have improved its medical care ratio in the second quarter. The Zacks Consensus Estimate for UNH’s medical care ratio is pegged at 88.6%, down from 89.4% in the year-ago quarter.
As such, the consensus mark for UnitedHealthcare’s operating income signals 40.7% year-over-year jump. Moreover, the Zacks Consensus Estimate for operating income from the total Optum business segment suggests a 7.8% year-over-year increase.
UNH’s Price Performance & ValuationUnitedHealth's stock has gained 28.6% in the year-to-date period compared with the industry’s growth of 28.5%. Its peers, such as Humana Inc. (HUM - Free Report) and Molina Healthcare, Inc. (MOH - Free Report) , have jumped 53.1% and 34.4%, respectively, during this time. Meanwhile, the S&P 500 has increased 10.7%.
YTD Price Performance – UNH, HUM, MOH, Industry & S&P 500 Image Source: Zacks Investment Research
Now, let’s look at the value UnitedHealth offers investors at current levels.
UNH is trading at 21.63X forward 12-month earnings, above its five-year median of 19.20X, and the industry’s average of 18.48X. In comparison, Humana and Molina Healthcare are currently trading at 32.21X and 33.41X, respectively.
Image Source: Zacks Investment Research
How Should You Play UNH Stock Now?UnitedHealth heads into its second-quarter 2026 earnings report with high expectations, as its results are likely to offer an important read on broader trends across the managed-care industry. The company continues to grapple with regulatory investigations, policy uncertainty and elevated healthcare utilization, all of which could pressure sentiment in the near term. Membership declines across certain businesses also remain a concern, though improved medical cost management is expected to support profitability.
At the same time, UnitedHealth's unmatched scale, diversified healthcare platform and expanding data capabilities continue to support its long-term growth story. The company's efforts to reshape the pharmacy benefit management model through a more transparent, fee-based approach could also strengthen its competitive positioning over time.
While UNH trades above its historical median valuation and the industry average, it remains less expensive than peers like Humana and Molina Healthcare. With a favorable long-term outlook and improving investor confidence regarding execution under CEO Stephen J. Hemsley, the stock appears well positioned. Investors may consider gradually accumulating shares while closely monitoring the upcoming earnings report and developments on the regulatory front.
Salesforce stock is showing exceptional strength. What’s behind CRM gains? A Rebound Attempt In A Risk-Off Tech TapeThe move looks more like a technical bounce than a sector‑driven rally, with CRM pushing back above its 20‑day average and trying to recover ground lost after the June swing low. With Technology down 2.5% on the day, the relative strength points to stock‑specific positioning rather than broad sector flows.
Even with CRM in the green, the wider market is still leaning defensive, with Energy up 3.30% and Technology sitting at the bottom of the sector rankings. Market breadth is positive with an advance‑decline ratio of 1.8, but the major growth index Nasdaq remains under pressure, which makes sustained follow‑through in tech names more difficult.
CRM’s Chart: A Bounce Inside a Larger DowntrendCRM trades 6.5% above its 20-day SMA at $160.29, but it remains 1.2% below its 50-day SMA at $172.68 and 18.7% below its 200-day SMA at $209.93, which keeps the longer‑term trend pointed lower. The bearish alignment of moving averages, with the 20‑day below the 50‑day and the 50‑day below the 200‑day, shows this is still a recovery attempt inside a broader downtrend.
RSI is the cleaner momentum read at the moment. At 54.35, it sits in neutral territory, which signals the recent bounce is not stretched. RSI tracks how heated buying or selling has become, and a mid-50s reading usually lines up with range‑bound trading rather than a runaway trend.
Key resistance sits at $187.50, a nearby ceiling that matches a prior stall zone and lines up with the declining intermediate trend area. Key support sits at $146.50, a floor near the 52-week low zone at $146.32 where buyers previously stepped in.
The Benzinga Edge Scorecard Isn’t Buying The Bounce YetBelow is the Benzinga Edge scorecard for Salesforce, showing how it stacks up against the broader market.
The Verdict: Salesforce’s Benzinga Edge signal shows weak readings across momentum, growth, value and quality, which fits a stock still trying to repair a damaged longer‑term chart. For longer‑term bulls, the cleaner setup would be reclaiming the 50-day area and holding above the 20‑day line while the broader Technology tape stops weakening.
CRM Shares Are Moving HigherCRM Price Action: Salesforce shares were up 4.46% at $170.60 at the time of publication on Monday, according to Benzinga Pro.
Image: JackPres/Shutterstock
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Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Clorox Company (NYSE: CLX) will issue its fourth-quarter and fiscal year 2026 results on August 3, 2026. Timing for the announcement will be as follows:
1:15 p.m. PT / 4:15 p.m. ET: Press release and prepared management remarks posted on the company's website 2 p.m. PT / 5 p.m. ET: Live Q&A audio webcast for analysts with Chair and CEO Linda Rendle and Chief Financial Officer Luc Bellet Links to the webcast, press release and prepared remarks can be found at Clorox quarterly results.
About The Clorox Company
The Clorox Company (NYSE: CLX) champions people to be well and thrive every single day. Headquartered in Oakland, California since 1913, Clorox integrates sustainability into how it does business. Driven by consumer-centric innovation, the company is committed to delivering clearly superior experiences through its trusted brands including Brita®, Burt's Bees®, Clorox®, Fresh Step®, Glad®, Hidden Valley®, Kingsford®, Liquid-Plumr®, Pine-Sol® and Purell® as well as international brands such as Chux®, Clorinda® and Poett®. Visit thecloroxcompany.com to learn more.
Anytime we’re talking about a $20 billion buildout of anything, that’s big money. I know, trillions of dollars in this AI buildout are being thrown around, and that number can get lost in the fray. But in the manufacturing or agricultural sectors, that’s big money.
Let’s dive into why this matters for farm equipment supplier Deere (NYSE:DE | DE Price Prediction), and where this stock could be headed from here.
The Number The $20 billion number I put forward earlier represents the commitment Deere has put on the table for U.S. manufacturing investment over the next 10 years, disclosed by CFO T. Brent Norwood on the fiscal Q2 2026 earnings call.
This capital will support precision agriculture buildout that already has customers spraying 5 million acres with See and Spray technology, and running nearly 440,000 monthly active users through the John Deere Operations Center. Indeed, if the manufacturing and construction industries can continue to strengthen from here, this is a company that investors shouldn’t sleep on.
What It Means The aforementioned $20 billion dollar figure is a concrete factory-and-supplier commitment. Norwood laid out the math on the call – approximately 80% of John Deere’s U.S. complete good sales are produced at U.S. manufacturing facilities, and roughly 75% of those components are sourced from U.S.-based suppliers. The Kernersville, North Carolina plant just began building John Deere designed excavators following a $70 million expansion investment.
That manufacturing footprint is what carries the technology. Deere’s R&D spend hit $583 million in Q2 2026, up from $549 million a year earlier. See and Spray scaled from 1 million acres in year one to 5 million acres globally last year, with demonstrated 50% to 60% herbicide savings. Additionally, JDLink Boost kit sales crossed 12,500 units since launch in the second half of 2024, growing 25% in the last quarter alone, and Precision Essentials renewal rates sit at 70% overall and over 90% for second-year customers. That’s evidence that adoption sticks after the first season.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Deere didn't make the cut. Grab the names FREE today.
Bull Case The company’s Q2 earnings report delivered where it mattered. Revenue of $13.369 billion beat expectations, and diluted EPS of $6.55 came in ahead of estimates. That represents four consecutive quarters of EPS beats. Construction & Forestry sales rose 29% to $3.79 billion, and Small Agriculture & Turf rose 16% to $3.485 billion. Importantly, Deere’s construction order book is also up more than 60% since November, with over 80% of production slots filled for the year, buoyed by data center construction expected to top $100 billion in 2026.
Management held full-year net income guidance at $4.5 billion to $5.0 billion, raised the Construction & Forestry sales outlook to up approximately 20%, and lifted Financial Services net income to $860 million. Capital returns matched the confidence, with $500 million in buybacks over six months and a $1.62 quarterly dividend. Norwood put the cycle thesis plainly: “our baseline view remains that fiscal 2026 will represent the bottom of the ag cycle.”
New inventory of high horsepower tractors and combines is down more than 50% from the mid-2024 peak. When large ag turns, Deere will turn with a technology stack customers are already paying for.
Bottom Line Deere’s $20 billion manufacturing commitment matters because it makes the precision ag story tangible. Factories in Iowa and North Carolina, a supplier base that is 75% U.S. sourced, and software adoption compounding at over 90% second-year renewals give long-term holders a story with numbers behind it. With a trailing P/E of 36-times (which is not cheap), and Production & Precision Ag sales falling 14% in the quarter, there is some cyclicality to this stock.
Thus, I think the next key data point investors need to pay attention to will arrive on August 20, 2026, when Deere reports Q3 results. If the cycle bottoms where management says it will, the factories are ready.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Deere didn't make the cut. Grab the names FREE today.
ToplineLarry Ellison on Monday became the world’s eighth-richest person, falling behind Nvidia’s Jensen Huang as a monthlong selloff has nearly halved the Oracle chairman’s fortune amid growing concerns about the cloud giant’s AI spending.
The Oracle chairman’s fortune has been cut by around $125 billion over the last month.
Copyright 2025 The Associated Press. All rights reserved
Key FactsShares of Oracle plunged more than 5% as of Monday afternoon to below $133, extending a 47% decline since an intraday high of $250 on June 1.
Ellison—who holds about 40% Oracle equity—had his net worth cut by $8 billion, to $175.2 billion, ranking him directly behind Huang ($176.3 billion), whose fortune was reduced by $6 billion following a 3.4% dip in Nvidia shares, according to Forbes’ estimates.
That marks a $124.8 billion decline in Ellison’s wealth since it eclipsed $300 billion on June 1, when he ranked the world’s second-richest person, behind Elon Musk.
More analysts have questioned Oracle’s plans to spend about $70 billion through its current fiscal year, even as the company said the figure could be up to $25 billion higher: Melius Research analysts wrote in a note last week that Oracle’s spending plans may not hold if OpenAI or Anthropic demands more computing capacity.
S&P Global downgraded Oracle’s credit rating on Thursday, arguing its “rapidly expanding” AI infrastructure business could pay off, but may be too expensive and could weaken Oracle’s financial position in the meantime.
big number$494 billion. That’s how much Oracle’s market valuation has fallen since peaking at $877.1 billion in September, falling to about $383 billion as of Monday. The company was valued at roughly $649 billion at the end of May.
tangentMusk’s net worth Monday dropped below $900 billion for the first time since before SpaceX’s initial public offering, as the rocket maker’s shares dropped more than 5%. The latest selloff in SpaceX shares cut $45.7 billion from Musk’s wealth, now valued at $871.6 billion.
key backgroundOracle, like its competitors, has ramped up efforts to develop its cloud and AI offerings. The company’s stock briefly rallied ahead of its latest earnings report in early June, when Wall Street anticipated more than $660 billion in backlog orders as a signal that Oracle’s aggressive buildup strategy was successful. Ellison’s firm, despite beating out quarterly revenue and earnings projections, disappointed as Vital analyst Adam Crisafulli called Oracle’s sales guidance for fiscal year 2027 a “disappointment.” Crisafulli pointed to Oracle reiterating prior guidance of $90 billion in total revenue for the year, arguing a similar move from Broadcom not to raise projections “underwhelmed investors too.”
further readingForbesLarry Ellison’s Net Worth Plunges $100 Billion Amid Oracle Slide—Falling Below Zuckerberg As World’s Seventh RichestBy Ty Roush
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Franco-Nevada Corporation might have remained unmoved YTD, but with the current gold price weakness, even that means it has outperformed gold mining peers. A combination of its business model, prospects for the remainder of 2026 and market multiples contribute to FNV's relatively better performance. I assign a Buy rating, citing robust fundamentals, upside to historical P/E averages, and resilience despite gold's recent weakness.
, /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O) (the "Company"), The Monthly Dividend Company®, announced that it has closed on the recast and expansion of its $5.5 billion multicurrency unsecured revolving credit facilities, upsized from the prior $4.0 billion capacity. In addition, the Company also announced an expanded combined capacity of $5.5 billion for its global commercial paper programs, upsized from the prior $3.0 billion combined capacity.
"Access to efficiently priced capital has long been a competitive advantage for Realty Income, and the increased borrowing capacity enhances our financial flexibility to execute on our strategy and pursue accretive growth opportunities. We are grateful for the continued support of our lending partners," said Jonathan Pong, Realty Income's Chief Financial Officer and Treasurer.
$5.5 Billion Revolving Credit Facilities
Realty Income's revolving credit facilities provide for updated capacity of $5.5 billion with an accordion expansion feature up to $6.5 billion, which is subject to obtaining lender commitments. The revolving credit facilities are bifurcated into two $2.75 billion tranches, which initially mature on April 29, 2029 and July 10, 2030 respectively, before giving effect to two six-month extension options for each facility. Pursuant to the terms of the revolving credit facilities, the Company's current A3 / A- credit ratings provide for a borrowing rate of 67.5 basis points over SOFR for U.S. Dollar borrowings, with a facility commitment fee of 12.5 basis points, for all-in drawn pricing of 80 basis points over SOFR, a reduction of 5.0 basis points from the prior revolving credit facilities.
A total of 26 lenders are participating in the Realty Income revolving credit facilities, including Wells Fargo Bank, National Association, as the Administrative Agent. Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A., BofA Securities, Inc., Mizuho Bank, Ltd., and TD Bank, N.A. are serving as Joint Bookrunners.
$5.5 Billion Commercial Paper Programs
In conjunction with the closing of the updated revolving credit facilities, Realty Income also expanded its global unsecured commercial paper programs to a total combined capacity of $5.5 billion, including an upsized $2.75 billion U.S. commercial paper program and $2.75 billion European commercial paper program. The notes will be sold under customary terms in the United States and European commercial paper note markets, respectively, and will rank pari passu with all of the Company's other unsecured senior indebtedness, including the Company's outstanding senior notes and borrowings under the Company's multicurrency revolving credit facilities. The Company expects to use its $5.5 billion multicurrency revolving credit facilities as a liquidity backstop for the repayment of notes issued under the programs.
The notes to be offered under the U.S. and European commercial paper programs have not been and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes under the Company's commercial paper programs.
About Realty Income
Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies®. Founded in 1969, we serve our clients as a full-service real estate capital provider. As of March 31, 2026, we have a portfolio of over 15,500 properties in all 50 U.S. states, the U.K., and eight other countries in Europe. We are known as "The Monthly Dividend Company®" and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 673 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats® index for having increased our dividend for over 31 consecutive years. Additional information about the Company can be found at www.realtyincome.com.
Forward-Looking Statements
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AI is fueling a new era of venture investing. Joe Lonsdale, managing partner at 8VC and co-founder of Palantir, discusses the firm's record $1.5 billion fund, why startup rounds are getting bigger, and where he's placing his bets on the next generation of defense tech and AI companies.
MIAMI--(BUSINESS WIRE)--Palantir Technologies Inc. (NASDAQ: PLTR) announced today that results for its second quarter ended June 30, 2026 will be released on Monday, August 3, 2026, following the close of U.S. markets. Palantir will host a webcast to discuss its results at 5:00 PM ET.A live webcast and replay will be available at investors.palantir.com, and participants can pre-register here. In addition, shareholders can submit and vote on questions by visiting https://app.saytechnologies.com/p.
SAN FRANCISCO--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) will release financial results for the second quarter 2026 on Tuesday, August 4th, 2026 after market close. The company will host its quarterly conference call to discuss these results at 1:30 p.m. PT (4:30 p.m. ET) on the same day.
A live webcast of the conference call and related earnings release materials can be accessed on Pinterest’s Investor Relations website at investor.pinterest.com. A replay of the webcast will be available through the same link following the conference call.
Disclosure Information
Pinterest uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the company’s Investor Relations website, in addition to following the company’s press releases, SEC filings, public conference calls, presentations and webcasts.
About Pinterest
Pinterest is a visual search and discovery platform where people find inspiration, curate ideas and shop products—all in a positive place online. Headquartered in San Francisco, Pinterest has over 600 million monthly active users worldwide.
SK Hynix (HXSCL), South Korea's memory-chip manufacturer and the world's second-largest supplier of DRAM, has raised $26.5 billion from the U.S. stock market in
Investing in a stock that has been flying high is risky because it can be difficult, if not impossible, to predict just how high it might go. Micron Technology (MU 4.04%), which has been skyrocketing due to strong results as companies have been loading up on memory and storage products, even as prices have been rising, hit a $1 trillion valuation earlier this year.
Its stock price hit a high of $1,255 last month, but it has given back gains since then. In the past month, it has been declining, and on Monday, it was trading more than 25% below that recent high. Is this a sign that the Micron Technology stock may have peaked, or could it still bounce back and rally higher this year?
Image source: Getty Images.
Why has Micron stock been struggling? There hasn't been any negative press to explain Micron's recent struggles. In fact, the company's most recent earnings report showed incredibly strong growth yet again, with net income of $28.2 billion for the May quarter being roughly 15 times what it was in the same period a year ago ($1.9 billion).
However, when a stock has been as hot as Micron has been, there will inevitably be some profit-taking along the way. Even with its decline recently, the stock remains up over 200% this year. With investors being concerned about the possibility of this being another cyclical trend for the industry, there may be the temptation to cash out while the gains are strong.
Further proof is what's happening with another related stock, Sandisk. Its shares have also been coming under pressure in the past month and are now down close to 30% from their 52-week highs. These appear to be macro-related issues that are weighing down Micron and Sandisk. However, that may be of little comfort to Micron investors who bought at higher prices.
Today's Change
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Why Micron's stock may not have peaked just yet There's been lots of volatility in memory and storage stocks this year, and that's evident right now, with this recent downswing. But with the supply shortage likely persisting for multiple years, this may not be the end of the hype in the industry, which is why I wouldn't be surprised if Micron's stock is able to rebound from this recent slide. The growth story could remain a compelling one for investors.
However, it's still a risky time to invest in Micron or Sandisk and related stocks, given how hot they've been of late. Volatile stocks can swing in either direction fairly quickly, and for risk-averse investors, there may be safer growth stocks to consider instead.
The highly anticipated U.S. trading debut of SK Hynix NASDAQ: SKHY delivered on its initial promise by pricing at $158.14 and raising an unprecedented $28.1 billion on July 10. Shares quickly gapped above $170 as early buyers scrambled for exposure to the global leader in high-bandwidth memory (HBM). Gravity quickly took hold. A localized wave of macroeconomic selling across Asian semiconductor assets pulled the newly minted American depositary receipts down by more than 7% intraday, pushing the price below $155 by midday Monday.
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Separating Friction From FundamentalsSK hynix Today$152.96 -15.05 (-8.96%)
As of 04:00 PM Eastern
52-Week Range$151.30▼
$177.00 At first glance, a busted initial public offering (IPO) of this magnitude stings retail buyers who bought the early morning gap.
When an offering creates this much initial friction, it pays to step back and evaluate the broader machinery at play.
The early price action reveals a transient liquidity event rather than a structural deterioration in end-market demand.
Early venture capital holders, retail traders, and cross-border arbitrageurs took liquidity off the table following the opening surge, creating a mechanical drop disconnected from the actual business fundamentals.
Separating Trading Volume From TrendUnderneath the daily volatility of the broader semiconductor index, hyperscalers are quietly absorbing fabrication capacity out through 2027. While retail liquidity exits, institutional block buying volume is actively aggregating near the $150 to $155 support levels for SK Hynix. These institutional buyers recognize a stark discrepancy between the localized sell-off in Asian tech equities and the contracted reality of the artificial intelligence hardware supply chain.
This dynamic creates a rare window. When an asset class dominates the financial narrative, distinguishing between a short-term trading vehicle and a long-term compounder becomes essential. The post-IPO sell-off offers an asymmetric accumulation window for the memory oligopoly, presenting an opportunity for investors willing to look past short-term regional macroeconomic headwinds and focus on the physical constraints of chip manufacturing.
Engineering an Unsolvable Supply CrunchThe primary growth engine for modern memory makers is a multi-year imbalance between supply and demand in HBM manufacturing. Producing these advanced chips is not like churning out standard flash storage. The process mandates intensive capital expenditure, complex packaging dependencies, and significantly lower initial yields.
Integrating these vertical memory stacks directly alongside GPUs requires specialized through-silicon vias and advanced bonding techniques. Every time a new generation of logic chips launches, the memory architecture must also evolve, continuously resetting the manufacturing learning curve and keeping supply artificially tight.
SK Hynix leadership utilized the IPO roadshow to outline a severe, multi-year memory supply crunch expected to persist beyond 2030. The South Korean manufacturer strategically pulled forward the sampling timeline for its advanced HBM4E chips to June 2026.
This accelerated schedule is explicitly designed to qualify for next-generation platforms such as NVIDIA's NASDAQ: NVDA Rubin Ultra, effectively locking out non-incumbent competitors from the supply chain. The fresh capital generated from the U.S. listing provides immediate funding for massive fabrication expansions, such as the transition to 400-layer hybrid bonding, without forcing SK Hynix to rely on expensive debt markets.
Advance Payments and the End of CyclicalityWhile SK Hynix executed a near-monopoly over the initial wave of AI hardware buildouts, the landscape is actively recalibrating. The HBM market is maturing into a highly fortified triopoly. Recent qualification and capacity ramps by competitors have compressed SK Hynix’s market share from an estimated 69% in early 2025 to approximately 56%-58% by the second quarter of 2026. This fundamental shift contextualizes the recent SK Hynix price reversion as a transition from monopoly premiums to triopoly realities, with Samsung OTCMKTS: SSNLF and Micron Technology NASDAQ: MU capturing the remaining market share.
Micron Technology Today
MU
Micron Technology
$936.18 -43.12 (-4.40%)
As of 04:00 PM Eastern
52-Week Range$103.38▼
$1,255.00Dividend Yield0.06%
P/E Ratio21.19
Price Target$1,263.76
Micron Technology is rapidly advancing its competitive position in this structural deficit. The Idaho-based producer is currently mass-producing 48-gigabyte HBM4 stacks capable of exceptional data transfer speeds.
To support this growth, Micron authorized a 10-year, $250 billion domestic investment outlook to build U.S.-based cleanrooms. Operating with a price-to-earnings ratio of around 21, Micron trades at a relative discount to pure-play logic peers despite structurally expanding margins.
The critical evolution in the memory sector is the shift toward revenue de-risking. Hyperscalers and logic designers are issuing unprecedented advance payments to memory makers to secure fabrication capacity. Both Micron Technology and SK Hynix have fully sold out their high-bandwidth capacity through 2026 and heavily into 2027. This visibility largely decouples near-term EBITDA from traditional boom-and-bust memory cycles. It strips hyperscalers of traditional buyer leverage, transferring structural pricing power directly to the memory suppliers.
The Institutional Accumulation WindowDespite these fortified contractual moats, broader sector weakness has created pockets of extreme sentiment in the derivatives market. Micron presents a highly unusual profile right now. Shares recently traded lower, down by over 5% intraday to drop below the $930 level, largely in a sympathy sell-off following the SK Hynix debut.
Micron Technology, Inc. (MU) Price Chart for Monday, July, 13, 2026
With put-to-call open interest ratios recently peaking near 10 ahead of upcoming earnings reports, Micron's options chain reveals heavy bearish positioning. Such extreme levels of bearishness often serve as a contrarian indicator, creating a compelling setup for a potential short-squeeze against prevailing macroeconomic headwinds.
When combining the retail exodus from SK Hynix post-IPO with the aggressive put accumulation in Micron Technology, a clear institutional accumulation blueprint emerges. The physical bottlenecks limiting supply are real, persistent, and not easily resolved by simply injecting more capital into the system.
Advanced packaging dependencies, such as the chip-on-wafer-on-substrate process utilized by key foundry partners, severely constrain the elasticity of memory supply. These constraints ensure that spot prices for HBM will remain elevated even if broader logic chip demand experiences minor, localized fluctuations.
Investors' Blueprint for the Memory OligopolyThe divergence between localized equity sell-offs and the multi-year capacity contracts secured by memory manufacturers creates a distinct valuation mismatch. Rapid generational leaps in memory architecture are effectively creating a closed ecosystem, locking out emerging challengers and solidifying the pricing power of the current triopoly. As long as hyperscaler capital expenditures remain robust, the scarcity premium embedded in these manufacturers appears structurally sound.
A potential risk to this thesis remains an industry-wide slowdown in data center construction or faster-than-expected yield improvements in upcoming fabrication lines. If production yields for advanced hybrid bonding normalize earlier than anticipated, the projected 2027 supply constraints could ease, potentially compressing the premiums currently priced into the sector. Investors may want to monitor institutional accumulation patterns in both SK Hynix and Micron Technology around current support levels to gauge the strength of the structural deficit narrative before taking a position.
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Key Takeaways Taiwan Semiconductor expects Q2 growth from AI-driven HPC demand, with results due July 16. TSM's HPC was 61% of Q1 revenues, with AI demand still exceeding available capacity.TSM reported record Q2 monthly revenues, pointing to strong demand for advanced process technologies. Taiwan Semiconductor (TSM - Free Report) or TSMC is scheduled to report its second-quarter 2026 results on July 16, before market opens. The results are expected to reflect continued strength in its High-Performance Computing (HPC) platform, driven by robust AI chip demand from hyperscalers and leading semiconductor customers.
The company's advanced process technologies, particularly the 3nm family and growing demand for advanced packaging solutions are also expected to support another quarter of solid growth. Meanwhile, the smartphone business is likely to remain healthy on seasonal demand, though AI-related HPC is expected to remain the primary growth engine.
Check out our analysis to determine whether TSM stock is worth buying ahead of its second-quarter earnings.
Q2 Expectation for HPCDuring its first-quarter 2026 announcement, TSMC provided guidance for its second-quarter revenues in the band of $39.0-$40.2 billion, implying roughly 10% sequential growth at the midpoint, supported by continued strength in leading-edge process technologies. The Zacks Consensus Estimate for second-quarter revenues is pegged at $39.63 billion. Management also projected gross margin of 65.5%-67.5% and operating margin of 56.5%-58.5%, reflecting sustained high-capacity utilization and ongoing cost-improvement initiatives despite dilution from overseas fabs.
Image Source: Zacks Investment Research
The biggest driver is expected to remain the HPC platform, which has emerged as TSMC's largest business. In the first quarter, HPC revenues climbed 20% sequentially and accounted for 61% of total revenues, far surpassing smartphones at 26%. The company attributed the momentum to robust AI-related demand, noting that the shift from generative AI toward agentic AI is increasing token consumption and computational requirements, thereby boosting demand for leading-edge silicon. The company also emphasized that cloud service providers continue to provide a strong demand outlook. With trends remaining the same, we expect HPC once again to be the top performer in the second quarter of 2026.
Importantly, TSMC indicated that AI- and HPC-related demand remains supply-constrained rather than demand-constrained. During the first-quarter announcement, the company repeatedly stated that demand for HPC AI applications continues to exceed available capacity, prompting the company to raise its 2026 capital spending outlook toward the upper end of its $52-$56 billion range. TSM also announced an expanded global 3-nanometer capacity plan, including additional capacity in Taiwan, Arizona and Japan, while continuing to convert 5-nanometer tools to support N3 production. The company said these investments are primarily intended to meet robust demand from HPC AI customers. This should get reflected through the second-quarter results.
TSMC's monthly revenue updates from April to June pointed to sustained demand for advanced process technologies, while management's second-quarter guidance called for sequential revenue growth. Particularly, the company reported strong June 2026 monthly revenues, resulting in record second-quarter revenues on a monthly-sales basis and indicating that demand for advanced process technologies remained robust. This should get reflected through in the second-quarter numbers.
Earnings Whispers for TSM StockPer our proven model, stocks with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), along with a positive Earnings ESP, have a higher chance of beating estimates, which is not the case here:
TSM’s Earnings ESP: TSMC has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
TSM’s Zacks Rank: TSMC currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
TSMC Price TargetBased on short-term price targets offered by 13 analysts, the average price target for TSMC comes to $463.92. This represents an increase of 6.87% from the last closing price.
Image Source: Zacks Investment Research
Competitive PositioningIntel (INTC - Free Report) : Intel is scheduled to report second-quarter 2026 results on July 23. Demand across its Client Computing and Data Center & AI businesses is expected to have remained supportive in the second quarter, while Intel Foundry is anticipated to benefit from a higher EUV wafer mix and continued customer engagement. However, heavy investments in leading-edge manufacturing, process technology development and global fab expansion are likely to continue to weigh on near-term profitability. The stock carries a Zacks Rank #1 with an Earnings ESP of 0.00%
Broadcom (AVGO - Free Report) : Its third-quarter fiscal 2026 results are expected to benefit from sustained demand for custom AI accelerators and AI networking products, supported by ongoing hyperscaler investments in AI infrastructure. Growth in AI semiconductor revenues is likely to remain the primary catalyst, while performance across its non-AI semiconductor and infrastructure software segments could influence the pace of overall revenue and earnings growth. The company carries a Zacks Rank #2 and has an Earnings ESP of 0.00%.
Final TakeTSMC remains well-positioned ahead of its second-quarter results, supported by resilient AI-driven HPC demand, industry-leading advanced process technologies and expectations of record quarterly revenues. While the lack of a positive ESP tempers near-term earnings beat expectations, long-term fundamentals remain compelling. Investors may consider buying the stock with a measured approach ahead of the earnings release.
Abbott Laboratories (NYSE: ABT | ABT Price Prediction) and Pfizer (NYSE: PFE) both delivered Q1 2026 beats, yet the market treats them differently. Abbott is down 22.99% year to date after a medtech correction. Pfizer sits flat, propped up by a 7.14% yield. Which discount is real, and which is a trap?
Devices Carry Abbott. Oncology Props Up Pfizer. Abbott’s Q1 revenue hit $11.16B, with Medical Devices up +13.2% to $5.54B. FreeStyle Libre alone did $2.08B, up 13.8%. Nutrition fell 6%, but the $21B Exact Sciences deal closed March 23, 2026, adding Cologuard and Cancerguard to a fast-growing diagnostics franchise. CEO Robert Ford called the quarter “aligned with our expectations”.
Pfizer posted $14.45B in revenue, with Oncology up 9% to $3.83B and Padcev surging 39%. Eliquis added 13%. COVID revenue continued eroding: Comirnaty fell 59%, Paxlovid dropped 62%. Albert Bourla framed 2026 as a “defining period”, leaning on oncology and obesity.
A Compounder Meets a Turnaround Abbott trades at a forward 17x earnings after the correction, with analysts targeting $116.72. Pfizer is cheaper on paper at a forward 8x, though its PEG sits at 2.815.
Lens Abbott Pfizer Core Bet Diabetes devices, cancer diagnostics Oncology, obesity, GLP-1 Dividend 54 straight years of hikes 7.14% yield, no buybacks in 2026 Key Vulnerability Exact Sciences dilution, FX Patent cliffs, tariff and MFN pricing risk Insider buying signals confidence. Abbott’s CFO Philip Boudreau bought 11,109 shares on April 23, 2026 near $92, and Director Daniel Starks added 10,000 shares.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Abbott Laboratories didn't make the cut. Grab the names FREE today.
The Next Test Is Pipeline Delivery Abbott must absorb the $0.20 Exact Sciences dilution while hitting the $5.38 to $5.58 full-year EPS range. Libre attach rates in Type 2 basal-insulin patients, backed by a 0.6% HbA1c reduction in the FreeDM2 trial, signal growth potential.
For Pfizer, Metsera obesity assets and roughly 20 pivotal 2026 studies must convert. Generic headwinds are real, and Most-Favored-Nation pricing plus tariff exposure make the $1.5B EPS guide fragile.
Why I Lean Toward Abbott at This Discount Pfizer’s 8x multiple and yield look tempting, but the setup screens as a value trap. COVID revenue is deflating, patent losses cost another $1.5B this year, and buybacks are paused. You are being paid to wait on a pipeline that has not proven itself.
Abbott, priced at a 16x forward multiple after the drawdown, feels cleaner. A 54-year dividend streak, medtech growth compounding at double digits, and insiders buying on the way down make it the better defensive play. If oncology and obesity readouts light up later this year, I will reconsider Pfizer. Until then, Abbott screens as the stronger risk-adjusted setup.
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UBS Group AG analyst Erika Najarian says Goldman Sachs Group Inc. may have the tallest order when it comes to demonstrating earnings prowess this week, while investors may be focused on more on succession at JPMorgan Chase & Co. She previews Wall Street bank earnings on "Bloomberg Surveillance." -------- More on Bloomberg Television and Markets Like this video?
Leading securities law firm [url="]Bleichmar Fonti and Auld LLP[/url] announces that a class action lawsuit has been filed against Intuit Inc. (NASDAQ: INTU) and
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Intuit Inc. (“Intuit” or the “Company”) (NASDAQ: INTU) on behalf of investors concerning the Company's possible violations of federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON INTUIT INC. (INTU), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.What Is The Investigation About?On May 20, 2026, Reuters published an article stating that “Intuit . . . is laying off.
[url="]The Law Offices of Frank R. Cruz[/url] announces an investigation of Intuit Inc. (âIntuitâ or the âCompanyâ) (NASDAQ: [url="]INTU[/url]) on behal
, /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Intuit Inc. (NASDAQ: INTU) securities between August 22, 2025 and May 20, 2026, inclusive (the "Class Period"), have until September 8, 2026 to seek appointment as lead plaintiff of the Intuit class action lawsuit. Captioned Baldwin v. Intuit Inc., No. 26-cv-07086 (N.D. Cal.), the Intuit class action lawsuit charges Intuit and certain of Intuit's top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Intuit class action lawsuit, please provide your information here:
You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].
CASE ALLEGATIONS: Intuit provides financial management, payments and capital, compliance, and marketing products and services.
The Intuit class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) they had overstated Intuit's competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (ii) in reality, Intuit was losing significant business in its tax-related business, particularly in its Turbo Tax business, as a result of, among other things, increasing competitive and pricing pressures; and (iii) accordingly, Intuit's previously issued 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic.
On May 20, 2026, during pre-market hours, Reuters published an article entitled "Intuit to cut 17% of global jobs to streamline operations, memo shows," allegedly reporting that Intuit "is laying off about 17% of its workforce, or about 3,000 employees worldwide." On this news, the price of Intuit stock dropped nearly 4%, according to the complaint.
Later that day, during post-market hours, Intuit issued a press release announcing its fiscal third quarter 2026 results, allegedly reporting weak Q3 2026 tax season revenue, including that TurboTax revenue grew by only 7% year-over-year versus consensus estimates of at least 8% revenue growth. The Intuit class action lawsuit further alleges that on an accompanying conference call that day, Sasan K. Goodarzi, Intuit's Chairman and CEO, disclosed that TurboTax online paying units were expected to grow by only 2% as total Internal Revenue Service filers were expected to decline by approximately 30 basis points, representing the "most significant industry-wide contraction since the post-COVID tax season." On this news, the price of Intuit stock dropped over 20%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Intuit securities during the Class Period to seek appointment as lead plaintiff in the Intuit class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Intuit class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Intuit class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Intuit class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
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$194 billion. That is the order backlog Lockheed Martin (NYSE:LMT | LMT Price Prediction) carried on its books at the end of 2025, disclosed alongside its Q4 2025 report on January 29, 2026. CEO Jim Taiclet framed it plainly on the earnings call: “We finished the year with a record high backlog of $194 billion, about two and a half times annual sales.” It is the fourth consecutive year the figure has grown, and it lands with a book-to-bill ratio of 1.2 for the full year.
What It Means A backlog worth roughly 2.5 years of sales is a visibility number, not a vanity one. It tells long-term holders that revenue for 2026 and beyond is largely spoken for before the year begins. The company’s backlog itself grew by $17.3 billion, or 17%. And CFO Evan Scott noted the additions were concentrated in the company’s signature franchises: F-35, PAC-3, JASSM, LRASM, and CH-53K.
The operating picture backs up a bullish story around this defense name. Lockheed’s full-year 2025 revenue came in at $75.05 billion, Q4 revenue was $20.321 billion against a $19.858 billion estimate, and diluted EPS of $5.80 beat the $5.75 consensus. Impressively, Missiles and Fire Control grew 18% in the quarter, F-35 deliveries hit 191 aircraft in 2025 (up from 110 in 2024), and Government helicopter deliveries reached 90 (up from 72).
Market Reaction Shares closed the Q4 filing day at $626.83 on January 29, 2026, rose to $676.70 thirty days later, then gave the move back. The stock is at $545.91 as of July 2, 2026. Even after the pullback, LMT is up 14.2% year to date and 21.23% over one year, with a 4.62% gain on July 2 alone.
Bull Case Lockheed’s backlog is the anchor, but the structure underneath it is what makes this a long-term thesis rather than a one-quarter story. The company signed a seven-year framework agreement for PAC-3 missiles in early Q1 2026, and management announced a similar agreement for THAAD on the same call. Taiclet said the PAC-3 arrangement will “increase annual production capacity from approximately 600 to 2,000 per year”. He also flagged make-whole provisions that protect returns if procurement strategy changes.
Management is putting capital behind the demand signal. Lockheed deployed more than $3.5 billion in 2025 into production capacity and next-generation technology, and is guiding capital and IRAD spending toward approaching $5 billion in 2026. Missiles and Fire Control has line of sight to at least double-digit compound annual sales growth through the end of the decade. On the F-35 side, contract awards tied to Lots 18 through 21 and full-year sustainment total more than $15 billion.
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Shareholder returns are steady rather than showy. Lockheed repurchased $3.0 billion of stock (6.6 million shares) in 2025 and has raised its dividend for 23 consecutive years. The current dividend is $13.50 per share at a 2.65% yield. Analyst consensus target sits at $617.05, above the current price, with a forward P/E of 17.
Bottom Line I think that Q1 2026 gave shareholders a reminder that quarter-to-quarter defense results can be lumpy. Lockheed’s EPS came in at $6.44 versus a $6.70 estimate, hit by $125 million in unfavorable F-16 adjustments, and free cash flow was negative $291 million. That said, the company’s management team reaffirmed 2026 sales guidance of $77.5 billion to $80.0 billion, diluted EPS of $29.35 to $30.25, and free cash flow of $6.5 billion to $6.8 billion.
The next earnings report is the forward catalyst investors should watch, because it will test whether the backlog is converting on schedule.
For retirement-focused holders, the case rests on the $194 billion already contracted, the seven-year framework agreements layered on top, and a dividend record that has now stretched across more than two decades. One number does not guarantee the next quarter. It does tell you what the next several years look like.
Meet America's Newest $1b Unicorn (Sponsor) A US startup just passed a $1 billion private valuation, joining billion-dollar private companies like OpenAI and ByteDance. Unlike those other unicorns, you can invest in EnergyX right now; but only until July 16.
Over 50,000 people already have, along with global giants like General Motors and POSCO.
Here's why there's so much interest: EnergyX's patented tech can recover up to 3X more lithium than traditional methods. That's a big deal, as demand for lithium is expected to 5X current production levels by 2040. Become an early-stage EnergyX shareholder before the 7/16 investment deadline.
COLUMBUS, Ind.--(BUSINESS WIRE)--The Board of Directors of Cummins Inc. (NYSE: CMI) approved on July 12, 2026 an increase in the company’s quarterly common stock cash dividend of 10% from 2.00 dollars per share to 2.20 dollars per share. The dividend is payable on September 3, 2026, to shareholders of record on August 21, 2026. Cummins has increased the quarterly common stock dividend to shareholders for 17 consecutive years.
About Cummins Inc.
Cummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments—Engine, Components, Distribution, Power Systems and Accelera™ by Cummins—offer a broad portfolio, including advanced diesel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turbochargers, fuel systems, controls, transmissions, axles and brakes; and zero-emissions technologies like battery and electric powertrain systems. With a global footprint, deep technical expertise and an extensive service network, we deliver dependable, cutting-edge solutions tailored to our customers’ needs, supporting them through the energy transition with our Destination Zero strategy. We create value for customers, investors and employees and strengthen communities through our corporate responsibility global priorities: education, equity and environment. Headquartered in Columbus, Indiana, Cummins employs approximately 67,400 people worldwide and earned $2.8 billion on $33.7 billion in sales in 2025. Learn more at www.cummins.com.
Forward-looking disclosure statement
Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse consequences resulting from entering into agreements with the U.S. Environmental Protection Agency, California Air Resources Board, the Environmental and Natural Resources Division of the U.S. Department of Justice and the California Attorney General's Office to resolve certain regulatory civil claims regarding our emissions certification and compliance process for certain engines primarily used in pick-up truck applications in the U.S., which became final and effective in April 2024, including required additional mitigation projects, adverse reputational impacts and potential resulting legal actions; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; evolving environmental and climate change legislation and regulatory initiatives; any adverse consequences from changes in tariffs and other trade disruptions; changes in international, national and regional trade laws, regulations and policies; emissions deregulation; changes in taxation; global legal and ethical compliance costs and risks; future bans or limitations on the use of diesel-powered products; raw material, transportation and labor price fluctuations and supply shortages; aligning our capacity and production with our demand; the actions of, and income from, joint ventures and other investees that we do not directly control; large truck manufacturers' and original equipment manufacturers' customers discontinuing outsourcing their engine supply needs or experiencing financial distress, or change in control; product recalls; variability in material and commodity costs; the development of new technologies that reduce demand for our current products and services or not successfully developing new technologies and products to effectively address the energy transition; lower than expected acceptance of new or existing products or services; product liability claims; our sales mix of products; climate change, global warming, more stringent climate change regulations, accords, mitigation efforts, greenhouse gas regulations or other legislation designed to address climate change; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions, divestitures or exiting the production of certain product lines or product categories and related uncertainties of such decisions; increasing interest rates; challenging markets for talent and ability to attract, develop and retain key personnel; exposure to potential security breaches or other disruptions to our information technology environment and data security; the use of artificial intelligence in our business and in our products, services and features, and challenges with properly managing its use; political, economic and other risks from operations among, between and within numerous countries including political, economic and social uncertainty and the evolving globalization of our business; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; failure to meet sustainability expectations or standards, or achieve our sustainability goals; labor relations or work stoppages; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates; the price and availability of energy; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2025 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at https://www.sec.gov or at https://www.cummins.com in the Investor Relations section of our website.
JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS), a global leader in financial services technology, will announce second quarter 2026 financial results on Tuesday, August 4th, prior to market open. The company will sponsor a live webcast of its earnings conference call with the investment community beginning at 8:30 a.m. (EDT) the same day. To access the webcast, go to the Investor Relations section of FIS' homepage, www.fisglobal.com. A replay will be available after the conclusion of the.
The Clarity Act has already passed the House, but has not cleared the upper chamber. The bill would set forth some of the first comprehensive cryptocurrency regulations in the country.
President Donald Trump on Monday urged Congress to pass a key cryptocurrency bill to honor the late Sen. Lindsey Graham, R-S.C., who supported the measure.
"In honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the Clarity Act. China, and many other countries, would like to take complete and total control of this major financial 'happening,' as well as A.I., where we are now leading, but where they are fighting hard. Don’t let China win on either subject!!!" he posted on Truth Social.
The Clarity Act has already passed the House, but has not cleared the upper chamber. The bill would set forth some of the first comprehensive cryptocurrency regulations in the country.
It would also ban a central bank digital currency.
Ben Whedon is the Chief Political Correspondent for Just the News. Follow him on X.
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Item 1 of 3 Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly
[1/3]Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly Purchase Licensing Rights, opens new tab
CompaniesJuly 13 (Reuters) - The U.S. FDA on Monday approved an at-home starting dose of Eisai's (4523.T), opens new tab and Biogen's (BIIB.O), opens new tab Alzheimer's drug, allowing some patients to begin therapy with injections administered by themselves or a caregiver.
Shares of Biogen were up 4.5% in afternoon trading.
Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here.
The approval applies to an under-the-skin formulation of the drug branded as Leqembi.
Until now, patients starting treatment received the drug through intravenous infusions, typically given at a clinic, and could later switch to maintenance treatment after 18 months.
Leqembi's at-home subcutaneous approval could increase uptake by improving patient access and differentiating it from Eli Lilly's (LLY.N), opens new tab Kisunla, which requires intravenous infusions, said BMO Capital Markets analyst Evan Seigerman.
Leqembi is already authorized for adults with Alzheimer's disease, a progressive brain disorder that affects memory, thinking and daily function. The drug targets amyloid beta, a protein that forms plaques in the brains of people with the disease.
Citi analysts said they do not expect the approval to drive immediate commercial inflection, as hurdles such as patient identification, diagnostic confirmation, monitoring requirements, specialist availability and reimbursement access remain key barriers on adoption.
The injectable version, called Leqembi IQLIK, can cause reactions at the injection area, including redness, swelling, rash, pain or bruising, the Food and Drug Administration said.
The FDA's decision was based on two earlier trials showing the IV version of Leqembi was effective in patients with early Alzheimer's disease, including those with mild cognitive impairment or mild dementia and confirmed amyloid buildup in the brain.
The regulator said the subcutaneous version was not tested in separate large trials measuring patient outcomes. Instead, it relied on findings showing it produced equivalent results and similar reductions in amyloid plaques compared with the infused version.
Reporting by Padmanabhan Ananthan in Bengaluru; Editing by Jonathan Ananda
Our Standards: The Thomson Reuters Trust Principles., opens new tab
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Lucid Group, Inc. (NASDAQ: LCID) between February 25, 2026 and April 13, 2026, inclusive (the “Class Period”), of the important July 28, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Lucid securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Lucid class action, go to https://www.rosenlegal.com/cases/lucid-group-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 28, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (2) the foregoing was likely to, and did, have a material negative impact on Lucid’s business and financial results; (3) accordingly, the defendants had overstated the purported enhancements to Lucid’s manufacturing and delivery capabilities and overall operations; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Lucid class action, go to https://www.rosenlegal.com/cases/lucid-group-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
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The Ottawa commercial cleaning company used ZoomInfo to reach the facilities leaders who pick vendors, growing their monthly recurring revenue by 15X in 3.5 years.
VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, has reported that Xpress Services, a commercial cleaning company based in Ottawa, Ontario, has grown its monthly recurring revenue more than 15 times in just 3.5 years, according to the company. It did so with a small team and no marketing budget.
Xpress Services set out to scale from a small base: an owner, a few cleaners, and a part-time administrator, with big ambitions and almost no resources. It had tried telemarketing and third-party lists, but the data was shallow and generic, the same list over and over with no depth to it.
Worse, the lists were top-heavy. Knowing the names of 10,000 CEOs in Canada does nothing for a cleaning company, because CEOs are not the ones who respond. In commercial cleaning, the buyers are office administrators, property managers, and facilities leads, the people who handle the day-to-day of a physical office. The company needed to reach them directly, and the data had to be accurate.
Xpress Services evaluated multiple tools and chose ZoomInfo for the depth and quality of its contact data, especially direct phone numbers and emails. ZoomInfo gave the company the levels it needed, the reach to have a conversation with everyone from a janitor to the VP of finance. Instead of a top-heavy list of executives, the team could find the facilities and operations leaders who actually pick cleaning vendors and contact them directly. For a lean team, that precision did the work of a marketing department it did not have.
The payoff was dramatic. It happened without hiring a marketing team, running ad campaigns, or building traditional lead-gen infrastructure, running instead on targeted outreach and accurate data.
Today the company is small but mighty, with a much larger client base and a healthy pipeline. As it expands into new verticals, Xpress Services plans to keep using ZoomInfo to reach the right people, and it is testing AI-assisted prospecting for more efficiency. In a business built on trust, timing, and clean results, reaching the right person at the right company is what turned a tiny operation into a growing one.
About ZoomInfo
ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, enables sales, marketing, and customer success teams to execute their go-to-market strategy with confidence. Powered by the industry's most comprehensive B2B data, including more than 100 million companies, 500 million contacts, and billions of signals, ZoomInfo delivers the intelligence, automation, and integrations that modern revenue teams need to identify, engage, and convert their best buyers.
VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, has reported that SpringDB, a go-to-market consultancy that fixes the data underneath companies' sales and marketing, sees its clients typically lift campaign conversions 2X to 3X after an engagement, according to the company. SpringDB also reports 30% to 50% higher average deal size and 20% to 40% lower customer churn across its engagements. SpringDB, founded in 2018, helps hundreds of high-growth B2B co.
DALLAS, July 13, 2026 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its first quarter 2026 financial results. Details are as follows:
To access the live audio webcast and subsequent replay, click on the link above, or go to www.southwest.com and click on "Investor Relations" under the "About Southwest" menu at the bottom of the page. The audio webcast can be found on the homepage or by clicking "Calendar" under the "News & Events" header. Registration for this event begins 20 minutes prior to the start of the call.
Key Takeaways Elevance is likely to see Q2 EPS of $6.18 on $48.45B in revenues, with both projected to decline.ELV may face pressure from lower premiums, membership declines and weaker Health Benefits results.Elevance's higher benefit expense ratio could weigh on profitability in the quarter. Elevance Health, Inc. (ELV - Free Report) is set to report its second-quarter 2026 results on July 15, 2026, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $6.18 per shareon revenues of $48.45 billion.
The second-quarter earnings estimate witnessed one downward revision and no upward revisions over the past 60 days. The bottom-line projection indicates a year-over-year decline of 30.1%. Also, the Zacks Consensus Estimate for quarterly revenues implies a year-over-year decrease of 2%.
Image Source: Zacks Investment Research
For 2026, the Zacks Consensus Estimate for Elevance’s revenues is pegged at $194.24 billion, implying a fall of 1.7% year over year. The consensus mark for 2026 EPS is pegged at $26.86, indicating an 11.3% year-over-year decrease.
Elevance’s earnings beat the consensus estimate in three of the trailing four quarters and missed once, with the average surprise being 10.6%. This is depicted in the figure below.
Q2 Earnings Whispers for ElevanceOur proven model does not conclusively predict an earnings beat for the company this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here.
ELV currently has an Earnings ESP of -0.42% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
What’s Shaping Elevance’s Q2 Results?The Zacks Consensus Estimate for product revenues indicates 4.7% growth from the year-ago period’s $6.04 billion. However, the consensus estimate for premiums indicates a 3.3% decrease from the year-ago period.
The consensus mark for Commercial Individual membership implies 10% fall from a year ago, while our model estimate indicates a 12.2% decline. Also, declining memberships in Medicaid (-5.8%) are likely to have kept second-quarter performance in check. However, the consensus estimate for Commercial Fee-based memberships indicates 1.9% year-over-year growth.
Meanwhile, the Zacks Consensus Estimate for Carelon brand’s operating income for the second quarter indicates a 3.8% year-over-year decrease. The consensus estimate for the Health Benefits segment’s operating income for the second quarter indicates a 34.7% year-over-year plunge, making an earnings beat uncertain.
The Zacks Consensus Estimate for the benefit expense ratio is pegged at 89.4, higher than the year-ago level of 88.9, which could further weigh on profitability during the quarter.
Stocks That Warrant a LookWhile an earnings beat looks uncertain for Elevance, here are some companies from the broader Medical space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:
ProMIS Neurosciences, Inc. (PMN - Free Report) has an Earnings ESP of +13.30% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ProMIS’ bottom line for the to-be-reported quarter of a loss of $1.45 indicates 80% year-over-year improvement. It has witnessed one upward revision against no downward movement over the past 60 days.
Alcon Inc. (ALC - Free Report) has an Earnings ESP of +1.83% and a Zacks Rank of 2.
The Zacks Consensus Estimate for Alcon’s bottom line for the to-be-reported quarter indicates 1.3% increase from a year ago. The company’s earnings beat estimates in three of the trailing four quarters and missed once, with an average surprise of 3.7%. The consensus estimate for ALC’s revenues is pegged at $2.77 billion, signaling 7.3% increase.
Cardinal Health, Inc. (CAH - Free Report) has an Earnings ESP of +1.24% and a Zacks Rank of 2.
The Zacks Consensus Estimate for Cardinal Health’s bottom line for the to-be-reported quarter predicts 16.4% year-over-year growth. Its earnings beat estimates in each of the past four quarters, with an average surprise of 10.3%. CAH’s revenues for the to-be-reported quarter are pegged at $65.61 billion, a 9.1% increase from the year-ago period.
Chimera Investment Corporation (CIM) has three preferred shares we will be discussing. Instead of buying one preferred share and holding it indefinitely, we monitor relative valuations to identify opportunities to swap between preferred shares. We will be going over current valuations and then our trade history for a good example of how we implement that strategy in practice.
Preferred Shares CIM-B (CIM.PR.B) is currently in the buy range and CIM-D (CIM.PR.D) is currently in our hold range. CIM-C (CIM.PR.C) is in our hold range and would only need to fall below $22.67 to be in our buy range.
The REIT Forum
One of the biggest advantages of investing in preferred shares is that investors don't need to take on the risks from the common stock to get an attractive yield. Sometimes the best opportunities come from recognizing when a preferred share is trading at an attractive valuation.
For a long time now, Chimera's preferred shares have provided an excellent opportunity and example of how we use relative valuations to trade in and out of positions. The chart below highlights those trades.
Seeking Alpha
The following sections will walk readers through our decision-making process on these dates.
March 30, 2026, Buying CIM-C Back in late March, we believe CIM-C became a great opportunity because it had materially underperformed most of the other mortgage REIT floating-rate preferred shares. That includes the other Chimera's preferred shares as you can see in the chart above.
At the time, this was the difference in yield:
CIM-C offered a stripped yield of just over 11%. CIM-B offered a stripped yield of 10.98%. CIM-D offered a stripped yield of 10.71%. Looking at those prices, my thought was pretty simple: I bet other investors will bid more for these in the future. That doesn't require Chimera to suddenly become a better company. It simply requires a valuation gap between very similar securities to shrink.
While we waited, investors were collecting an attractive dividend rate.
April 27, 2026, Harvesting The Gains Over the following month, that trade worked extremely well.
CIM-C rallied sharply and thoroughly outperformed the comparable preferred shares. As the valuation gap narrowed, the original investment thesis played out.
We decided to harvest the gains.
We weren't selling because we suddenly disliked Chimera. We weren't reacting to negative news. We simply recognized that CIM-C had delivered the outperformance we expected.
One of the key values our service provides is the research to help investors find opportunities to swap between similar preferred shares. This was a great example of how we utilize our strategy focusing on relative valuations instead of becoming emotionally attached to a particular ticker.
The REIT Forum
June 12, 2026, Another Opportunity Less than two months later, another opportunity developed. Chimera's preferred shares sold off rapidly over the course of a week. They weren't even on my radar as potential buys the week before because they had been performing quite well.
Then they tanked.
Whenever I see a move like that, the first thing I want to know is whether the fundamentals changed. I double-checked Chimera's common stock to see if there had been a major negative shift in investor perception.
Nothing.
The common shares were actually trading higher than they had been a week earlier. The preferred share scenario looked like sellers simply outnumbered buyers and prices declined in response.
Great.
Those are exactly the kinds of situations we like to investigate. After reviewing the fundamentals, I was comfortable purchasing both CIM-B and CIM-C because they had fallen back into attractive valuation ranges. The opportunity wasn't created by improving fundamentals. It was created by changing prices.
June 17, 2026, Swapping Shares Only a few days later, another relative value opportunity developed. CIM-C recovered quickly while MFA-C offered a better risk/reward profile, so we made another trade. We sold CIM-C and purchased MFA-C.
I'm not getting married to these shares.
I'm not trying to hold them forever.
I'm simply taking advantage of a more attractive risk/reward profile.
We collect a pretty nice yield while we wait. If prices go up materially, or better opportunities appear elsewhere, we simply swap into the better opportunity.
The REIT Forum
The REIT Forum
Final Thoughts I think these trades demonstrate one of the biggest advantages of following relative valuations instead of simply buying a preferred share and forgetting about it. The goal isn't to predict where preferred share prices will trade in isolation in the future. The goal is to consistently own the preferred share offering the best upside potential relative to its risk and relative to other preferred shares.
Sometimes that means buying a preferred share that has become cheap. Sometimes it means harvesting gains after relative gaps close. Other times it means swapping into another preferred share because the relative values have shifted.
Today's ratings reflect the same process we continue to use. We believe CIM-B currently offers the most attractive valuation. CIM-D is approaching our buy range but remains closer to fair value today.
This is how we historically have looked at preferred shares. We expect relative valuations will continue to create opportunities for us in the future.
