, /PRNewswire/ -- OPW Fluid Transfer Solutions, part of Dover (NYSE: DOV), today announced the launch of the Diamond Integrated Fueling Solution, a connected platform designed to help fuel distributors, carriers, and operators improve visibility, control, and efficiency across delivery operations.
"The Diamond Integrated Fueling Solution combines several industry-leading OPW technologies into a single connected ecosystem. By integrating these systems, we are helping customers simplify truck design, improve delivery control, and gain enhanced insight across their fueling operations," said Toby Bourque, General Manager of BASE Engineering.
The Diamond Integrated Fueling Solution connects multiple systems, including the VisiLevel™ product sensor from OPW Fluid Transfer Group Europe, BASEstation™ automation and ProControl™ wireless handheld devices from BASE Engineering, and CivaCommand™ smart tank system and manifolds from Civacon.
Created specifically for tank truck applications, the platform supports a wide range of operational functions, including tank inventory management, digital overfill prevention, crossover prevention, payload control, and automated delivery processes. It also incorporates continuous level sensors, giving operators accurate visibility into compartment levels during transport and delivery.
The Diamond Integrated Fueling Solution further enables back-office connectivity, allowing operational data to be integrated into fleet management, reporting, and business systems. This connectivity helps fuel distributors and logistics operators improve oversight, track delivery performance, and support more informed decision-making.
About OPW Fluid Transfer Solutions:
OPW Fluid Transfer Solutions, a business unit within OPW, a Dover company, is dedicated to delivering world-class technologies for use in the handling, transfer and transport of hazardous bulk products. Specifically, the companies of OPW FTS – Civacon, Midland, OPW Engineered Systems, BASE Engineering, Inc., and Xanik – develop and manufacture products and systems that help ensure the safe, reliable and efficient loading and unloading of critical hazardous fluids and dry goods for a customer base that operates in three distinct business units: Cargo, Rail and Chemical & Industrial. For more information on OPW Fluid Transfer Solutions, please visit opwfluidtransfer.com.
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.
OPW Fluid Transfer Solutions Contact:
Peter Russell
(506) 333-2003
[email protected]
Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
[email protected]
On CNBC’s Squawk on the Street, Jim Cramer made a call that resonated across chip and cloud names: the tech tape is bouncing. And that Oracle may be the most interesting contrarian setup in the group. Alongside Carl Quintanilla and David Faber, Cramer framed Monday’s rally as “revenge of that” Friday selloff, arguing “we’re seeing a lot of people who are saying, look, it’s time to go back in the group.”
The rebound is playing out against a backdrop of extraordinary data center capital spending, and Cramer’s questions center on whether the buildout will pay off for anyone other than the model developers.
Oracle: A Losing Streak Meets a Buildout Thesis Oracle (NYSE: ORCL | ORCL Price Prediction) has been the pain trade of the summer. Shares traded at $142.50 as of Monday morning, after falling 42.32% over the past month from a June 2 close of $244.58.
Cramer zeroed in on the fundamental question behind that drawdown: “The Stargate data center in Saline Township that I visited cost $16 billion to build and another $30 to $35 billion, largely from Oracle, to outfit it. Are they going to get the return on that?” He noted that recent big layoffs and share losses might actually flag “the screaming buy of the group”, adding that even skeptical sources have started warming to the setup.
The numbers behind the buildout are substantial. In Oracle’s Q4 FY2025 report, cloud infrastructure revenue jumped to $5.79 billion, up 93% year over year. Remaining Performance Obligations reached $638 billion, a 363% year-over-year increase, with $75 billion tied to prepaid or customer-supplied GPU arrangements. Management reaffirmed its FY2027 revenue target of $90 billion, guided Q1 FY2027 cloud revenue growth of 58% to 64%, and raised its FY2027 non-GAAP EPS target to $8.05. Free cash flow was negative $23.7 billion against $55.7 billion in capital expenditures, and the company plans to raise roughly $40 billion through debt and equity in FY2027 to fund the expansion.
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NVIDIA Confirms the Scale of the Buildout Cramer’s paradox—”Shouldn’t we see some profits in compute for somebody other than the much-loved Anthropic?”—hits at the top of the chain. NVIDIA (NASDAQ: NVDA) reported Q1 FY2027 revenue of $81.61 billion, up 85.2% year over year, with Data Center revenue of $75.25 billion, up 92% year over year. Non-GAAP EPS of $1.87 beat consensus estimates, and guidance for the next quarter called for $91 billion in revenue at a 75.0% gross margin.
Meta Platforms (NASDAQ: META) raised its 2026 capital expenditure (capex) guidance to $125 billion–$145 billion, up from its prior range of $115 billion–$135 billion, citing higher component pricing and, to a lesser extent, additional data center costs. Q1 FY2026 revenue was $56.31 billion, up 33% year over year, while diluted EPS came in at $10.44, including an $8.03 billion income tax benefit.
What to Watch The Cramer thesis puts Oracle at the center of the return-on-buildout debate. With remaining performance obligation (RPO) backlog visibility, a $90 billion FY27 revenue target, and hyperscaler-grade contracts already booked, the question moves from demand to execution. Investors will look for progress on escalator clauses, tenant payoff timelines, and whether Oracle’s Stargate outfitting spend converts into the multi-year cloud margin story management has promised.
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ISSAQUAH, Wash., July 08, 2026 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $29.24 billion for the retail month of June, the five weeks ended July 5, 2026, an increase of 10.6 percent from $26.44 billion last year.
Net sales for the first 44 weeks were $250.43 billion, an increase of 10.1 percent from $227.46 billion last year.
Comparable sales for the periods ended July 5, 2026, were as follows:
5 Weeks 44 WeeksU.S.10.6% 7.9%Canada3.7% 8.5%Other International4.7% 10.1% Total Company8.8% 8.3%Digitally-Enabled20.9% 21.5% Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:
5 Weeks 44 WeeksU.S.7.6% 6.7%Canada4.9% 7.2%Other International5.6% 6.5% Total Company7.0% 6.7%Digitally-Enabled21.5% 21.1% Additional discussion of these results is available in a pre-recorded message. It can be accessed by visiting investor.costco.com (click on “Events & Presentations”). This message will be available through 4:00 p.m. (PT) on Wednesday, July 15, 2026.
The Company also announced today that its Board of Directors has declared a quarterly cash dividend on Costco common stock of $1.47 per share. The quarterly dividend is payable August 7, 2026, to shareholders of record at the close of business on July 24, 2026.
Costco currently operates 933 warehouses, including 641 in the United States and Puerto Rico, 115 in Canada, 43 in Mexico, 37 in Japan, 29 in the United Kingdom, 20 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, three in France, two in Sweden, and one each in Iceland, and New Zealand. Costco also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan, Australia, and China.
Certain statements contained in this document and the pre-recorded message constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. In some cases forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, inflation or deflation, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health-care costs and wages), workforce interruptions, energy and certain commodities, geopolitical conditions (including tariffs and global conflicts), the ability to maintain effective internal control over financial reporting, regulatory and other impacts related to environmental and social matters, public-health related factors, and other risks identified from time to time in the Company’s public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update these statements, except as required by law. Comparable sales and comparable sales excluding impacts from changes in gasoline prices and foreign exchange are intended as supplemental information and are not a substitute for net sales presented in accordance with U.S. GAAP.
Shares of First Solar (FSLR) experienced a sharp downturn after a June 3 record high of $320.95, last seen trading at $223.58 today. A short-term bounce could soon be on the way, however, if history is any indicator.
According to Schaeffer’s Senior Quantitative Analyst Rocky White, FSLR is trading within 0.75 times the 80-day moving average's 20-day average true range (ATR), after spending at least 80% of the previous two weeks and 80% of the prior 42 trading sessions above that trendline.
This setup has appeared 14 times over the last decade, after which the stock was higher one month later 77% of the time, averaging an 8.6% gain. From its current perch, a move of this magnitude would put the solar stock back near $243.
Deutsche Bank agrees that it’s time to buy the dip, as the firm upgraded FSLR to "buy" from "hold" yesterday, citing the stock's valuation after it's recent climb. There is plenty of room for more bull notes as well, with 14 of the 33 analysts in coverage carrying a "hold" or worse rating.
An unwinding of pessimism amongst traders could provide tailwinds as well. FSLR’s 10-day put/call volume ratio of 1.30 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 93% of readings from the past year. Plus, short interest represents a hefty 8.4% of the stock's available float.
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Furthermore, the equity’s 14-day Relative Strength Index (RSI) of 22 sits firmly in "oversold" territory. This often precedes a near-term upswing.
NORTHBROOK, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF) today reported that its board of directors has declared a $0.60 per share dividend on its common stock, a 20% increase compared to its prior quarterly dividend. The dividend will be payable on August 31, 2026, to stockholders of record as of August 14, 2026. Additionally, the Company confirmed that it will report its second quarter and first half 2026 results after the market close on Wednesday, August 5, 2026. The compa.
$29 billion. That is what guests booked through Airbnb (NASDAQ:ABNB | ABNB Price Prediction) in a single quarter. Indeed, any time investors see gross bookings surge 19% year over year in a given quarter, that’s a big move.
At that pace, the company’s trailing platform volume now approaches the $90 billion mark annualized. This figure has become shorthand for the company’s growth story, and was disclosed on the Q1 2026 conference call held by CEO Brian Chesky and CFO Ellie Mertz.
What It Means Gross booking value is the money flowing across the platform before Airbnb takes its cut. Scale on that base is why the top line moves the way it does. The company’s Q1 revenue landed at $2.7 billion, up 18% year over year, beating the high end of prior guidance by two points. Impressively, nights and seats booked rose 9% against a roughly 100 basis point headwind tied to the Middle East conflict, while Airbnb’s average daily rate rose 9%.
The engagement mix explains the acceleration. App bookings reached 63% of total nights, up from 58% a year earlier, and grew 22%. First time bookers grew 10%, the fastest rate since 2022. Reserve Now, Pay Later already accounts for roughly 20% of global GBV after only a few quarters of global rollout.
I think one of the most underrated and overlooked fundamentals is Airbnb’s performance in emerging markets. India origin nights are up around 50% year over year, and Brazil is compounding at over 20%. This is the mechanism behind the $29 billion print.
With profitability moving alongside volume (adjusted EBITDA reached $519 million, up 24%), there’s a lot to like about where Airbnb is headed form here. I think the company’s trailing twelve month free cash flow of $4.5 billion at a 36% margin is also critical to point out at this stage of the company’s growth trajectory.
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Bull Case Airbnb raised its full year 2026 outlook to low to mid teens revenue growth with an adjusted EBITDA margin of at least 35%. That makes sense to me, given the company’s Q2 guidance calls for $3.54 billion to $3.6 billion in revenue, or 14% to 16% year over year. Mertz was direct about the setup: “Underlying demand is strong. Our product improvements are working. Our monetization initiatives are gaining traction.”
Capital return backs the growth story. Airbnb repurchased $1.1 billion of Class A stock in Q1, has $4.5 billion remaining on its authorization, and has bought back $14.8 billion total since Q3 2022, taking the fully diluted count down roughly 9%. The Winter Olympics in Milan drew around 200,000 guests with supply in host markets up roughly 30% and GBV that more than tripled. The 2026 FIFA World Cup, which management calls the largest event in Airbnb history, already has 100,000+ new homes listed across 16 host cities.
Efficiency is the other pillar. Roughly 60% of engineering code is AI co-authored, and Chesky argues that “Airbnb has to move at the speed of AI.” Polymarket traders assign an 84% probability the stock hits $152 in July, and a 49% probability of $160. The analyst consensus price target sits at $156.74.
Bottom Line At a 27 forward earnings multiple on a company throwing off $4.5 billion in trailing free cash flow, the growth flywheel is visible in the numbers. Consumer sentiment has weakened to 44.8 in May 2026, and Q1 EPS of $0.26 missed the $0.31 estimate on a $70 million one time CAMT tax charge. Yet booking volumes, guidance, and capital return are moving in one direction. The forward catalyst is the World Cup activation across 16 cities in three countries. If the growth story is peaking, $29 billion in a single quarter is a strange way to show it.
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HomeIndustriesTech StocksTech StocksInvestors in memory stocks are looking for signs that elevated pricing can be sustained for years without demand sufferingJuly 8, 2026, 3:00 p.m. ET
After driving Micron Technology shares dramatically higher over the past year, investors seem to be getting more discerning.
Specifically, in the face of “sky high” expectations for the memory market, investors are demanding proof that the cycle can remain tight through the next two years, Shay Boloor, chief market strategist at Futurum Equities, told MarketWatch.
Nvidia (NVDA +3.74%) has been on a run of historical projections since the artificial intelligence (AI) build-out began in 2023. If you invested $10,000 in Nvidia's stock at the start of 2023, that sum has now grown to be worth more than $131,170. That's an excellent return in a short time frame, but it's unlikely to deliver that level of return over the next few years. So, many investors are searching for other stocks that can deliver similar returns to Nvidia.
I think I've identified two AI winners at different stages of hypergrowth, and both look like strong stock picks now.
Image source: Getty Images.
Micron Technology Micron Technology (MU +1.24%) has actually been a better investment than Nvidia since 2023. That same $10,000 invested is now worth roughly $181,000, although the bulk of that return has come in the past year. Still, I think Micron is just in the middle phase of its expansion.
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Micron is thriving from the memory chip shortage caused by the massive AI build-out. AI hyperscalers are creating a massive demand that the memory chip industry just isn't built to handle, so supply is low, and demand is high. This is driving prices higher, boosting Micron's revenue and earnings. During its last quarterly earnings report, Micron informed investors that tight market conditions will persist beyond 2027, indicating that there is still more growth on the way.
Furthermore, Micron doesn't command a very high premium for the stock. It can be purchased for just 12.3 times forward earnings, far less than many other AI-centric stocks.
Data by YCharts.
So, with more growth in store and the stock trading for an attractive valuation, Micron stock looks primed to soar higher over the next few years. While the major returns have already occurred, Micron could easily double or triple from here without becoming overvalued. Nvidia likely will not do that anytime soon, so buying Micron now could be like buying Nvidia in late 2024.
Nebius Group Nebius Group (NBIS +11.49%) is in a far earlier stage than either Micron or Nvidia. It's a neocloud company, which means it's focused on AI-first cloud computing. It has a wildly popular platform, and it's growing rapidly as a result. In Q1 alone, Nebius' revenue skyrocketed 684% year over year. That's part of a larger growth trend, as Wall Street analysts project 544% growth in 2026 and 234% in 2027.
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Few stocks have the growth upside Nebius offers, making it well positioned to deliver incredible returns over the next few years. However, Nebius is facing one challenge it hasn't faced in a while: profitability. Nebius is an early-stage company and doesn't have any other businesses to fund its AI build-out. This means it must seek outside investors to become shareholders or take on debt to fund its expansion. Nvidia is actually one of those, and has invested alongside Nebius to ensure it has the most up-to-date products available first. Nvidia interacts with nearly every AI company on the market, and if it's choosing to invest in Nebius, that should tell you a lot about its potential.
However, until Nebius reaches profitability, it's always going to present a major execution risk. Fortunately, several cloud companies are already generating a ton of profits, so there is a pathway. It could be several years before investors see profitability, as Nebius builds out as much computing space as possible while the industry is hot. Investing in Nebius now could be like investing in Nvidia two decades ago, and the upside is immense. However, it could also flop if it cannot get to profitability. I'm still bullish on Nebius, but the risk is far greater than investing in Nvidia itself or Micron.
Key Takeaways Micron reported fiscal Q3 revenues of $41.46B and expects about $50B in fiscal Q4. MU lifted fiscal Q3 gross margin to 84.6% on strong AI memory demand and pricing.Analysts' average price target implies 44.48% upside from the last closing price. For quite some time, Micron Technology, Inc. (MU - Free Report) has been one of the most sought-after artificial intelligence (AI) infrastructure stocks, as its memory chips are vital components powering AI graphics processing units and data centers. However, the stock is presently down more than 10% from its post-fiscal third-quarter 2026 earnings high.
The pullback isn’t due to weak earnings. Micron’s fiscal third-quarter results beat Wall Street expectations, and the guidance is also strong, fueled by robust AI memory demand. The decline was due to post-earnings profit-taking, as Micron’s shares had already rallied ahead of earnings. Moreover, Samsung Electronics Co., Ltd.’s earnings report raised concerns about the sustainability of the current high memory prices, triggering a broad selloff across memory players.
Therefore, investors may view this recent fall as a temporary setback driven by concerns about the durability of the memory cycle rather than any fundamental issues in Micron’s business. The company’s fundamentals remained strong, as reflected in its strong earnings and upbeat outlook, positioning the stock for potential upside as market sentiment improves. Let’s see in detail –
Micron’s AI Memory Business Fuels Record Revenue Growth For the fiscal third quarter, Micron’s revenues were $41.46 billion, up 74% sequentially, according to investors.micron.com. Revenues for the fiscal fourth quarter of 2026 are expected to be $50 billion, reflecting strong demand for its state-of-the-art high-bandwidth memory chips used in AI servers.
Additionally, Micron’s gross margin expanded significantly to 84.6% for the fiscal third quarter, up from 37.7% a year ago, reflecting improved pricing power and robust demand for its cutting-edge AI memory products. These results highlight the strengths in Micron’s business and support its growth outlook.
Buy Micron Stock Hand Over Fist Micron’s fundamentals remained intact despite the recent pullback. Its revenue growth remains strong, margins expanded, and increasing AI-driven memory demand has strengthened its growth outlook, making the recent weakness an attractive buying opportunity.
Let’s not forget, brokers are also optimistic about Micron’s growth prospects. They forecast the average short-term price target for MU stock at $1,422.77, implying a 44.5% increase from the last closing price of $984.75. The highest target is $2,000, suggesting a potential upside of 103.1%.
Image Source: Zacks Investment Research
Micron, therefore, has a Zacks Rank #1 (Strong Buy), and its expected earnings growth rate for the current year is 791%. The Zacks Consensus Estimate of $73.86 for MU’s earnings per share is up 502% year over year (read more: Micron & 2 Momentum Stocks to Buy in July for Explosive Upside).
AMC Entertainment shares are climbing with conviction. Why is AMC stock up today? Macquarie Raises AMC Price TargetMacquarie maintained a Neutral rating on AMC, but lifted its price target from $1.50 to $2, implying upside from recent trading levels. The firm also raised its 2026 AMC adjusted EBITDA estimate to $629 million from $600 million and improved its projected full-year adjusted loss to 24 cents per share from a prior loss estimate of 28 cents.
Box Office Recovery Supports AMCThat matters for AMC because higher attendance directly supports ticket sales, concessions and operating leverage across its theater network. Macquarie also raised its 2026 industry box office forecast to $9.8 billion, up 13% year-over-year.
Still, the firm remains cautious. Macquarie cited rising costs and a slower box office recovery as downside risks, while noting faster box office improvement could support upside for AMC shares.
AMC Stock: Key Technical Levels To WatchAMC is trading at $1.94, sitting 6.9% above its 50-day SMA ($1.81) and 4.4% above its 200-day SMA ($1.85), which supports the idea that buyers are defending the intermediate trend. At the same time, it’s trading 9.9% below its 20-day SMA ($2.15), so the stock is still working through near-term overhead supply from the last few weeks.
RSI is the cleaner momentum read right now: at 48.82, it’s neutral, suggesting the rally is more "reset and bounce" than a stretched, overbought breakout. For context, RSI measures how extended the recent buying or selling has been, and a mid-range reading often lines up with choppy, level-to-level trading.
The moving-average structure is mixed: the 20-day SMA is above the 50-day SMA (a bullish short-term crossover), but the 50-day SMA remains below the 200-day SMA (a bearish longer-term backdrop). On the longer view, the stock is still down 33.10% over the past 12 months, with key turning points including an oversold RSI dip in March, a swing low in May, and a swing high in June.
Key Resistance: $2.00 — a round-number area just above current price where rebounds can stall, especially with the 20-day EMA near $1.99 AMC Shares Surge Wednesday AfternoonAMC Price Action: AMC Entertainment shares were up 10.47% at $1.90 at the time of publication on Wednesday, according to Benzinga Pro data.
Image: Shutterstock
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HOUSTON, July 08, 2026 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain second-quarter 2026 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the second quarter of 2026. It is provided to assist investors, analysts and others in formulating their own estimates and is not intended to be a comprehensive presentation of all factors that will affect second-quarter 2026 results. Actual results and the impact of factors identified here may vary and are subject to finalization of the financial reporting process for the second quarter of 2026.
Estimated Average Realized Prices – 2Q26 Oil (bbl)NGL (bbl)Natural Gas (Mcf)United States$93.20$25.10($2.20)International$99.90$73.40$4.80 Egypt tax barrels:36 MBoe/dDry hole costs (before tax):$41 millionNet gain on oil and gas purchases and sales (before tax)*:$345 million *Includes $109 million realized loss from commodity derivatives
Production update
APA curtailed approximately 137 MMcf/d of U.S. natural gas production and 12,300 barrels per day of U.S. natural gas liquids production in the second quarter in response to weak or negative Waha hub prices.
Weighted-average shares outstanding
The estimated weighted-average basic common shares for the second quarter are 353 million. APA repurchased 2.8 million shares at an average price of $35.25 per share during the second quarter.
General and administrative
During the second quarter, APA incurred general and administrative expenses totaling $65 million. This includes approximately $10 million in stock-based compensation, reflecting the mark-to-market impacts of APA’s share price during the quarter.
Second-quarter 2026 earnings call
APA will host a conference call to discuss its second-quarter 2026 results at 10 a.m. Central time, Thursday, Aug. 6. The conference call will be webcast on APA’s website at www.apacorp.com and investor.apacorp.com. Following the conference call, a replay will be available for one year on the “Investors” page of the company’s website.
About APA
APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com.
Forward-looking statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “continues,” “could,” “estimates,” “expects,” “goals,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depends on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See “Risk Factors” in APA’s Form 10-K for the year ended December 31, 2025, and in our quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. APA and its subsidiaries undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.
The broader market, as measured by the S&P 500 (^GSPC 0.28%), is doing quite well right now, with it within a few percentage points of an all-time high. However, all investors should be prepared for an inevitable bear market, as they tend to occur once every few years. Having a plan in place now ensures that you'll be ready to act when the time comes, and I've already got several stocks pinpointed that I'll be buying if the market plunges into bear market territory.
Granted, the reason for a bear market could change, which stocks I'm buying, but having a short list and then checking off which ones are in the cross hairs of the bear market is a good plan. If the market enters a bear market, here are the first three stocks I'll be buying.
Image source: Getty Images.
Alphabet Alphabet (GOOG 1.25%) (GOOGL 1.32%) is a stalwart in the tech industry, and very little can be done to disrupt that fact (outside of major government intervention). Alphabet owns the internet, with its Google Search engine being the primary way to navigate around the internet. This gives it an advertising empire, and it also owns YouTube, the most popular video-sharing website. Alphabet is also a major player in the AI space and is thriving there. Alphabet's cloud computing platform, Google Cloud, is vital for small businesses around the world, and with how interwoven cloud applications are with modern businesses, severing ties with Google Cloud is nearly impossible.
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This leads to a very stable business that can thrive in any downturn. While advertising revenue may see a bit of a recession during a bear market or recession, it tends to come roaring back in a few years. That will make Alphabet an excellent stock to scoop up during a bear market, and it's one that I think can outlast nearly any storm.
Amazon Amazon (AMZN 0.80%) is in a similar boat for being vital to today's modern world. Amazon's commerce business sells and delivers goods to all parts of the world, but it has absolute dominance in the U.S. However, similar to Alphabet, it has a strong cloud computing offering in Amazon Web Services (AWS). AWS is the largest cloud provider, and owns a massive market share that won't be affected by a downturn. While growth may slow, it's unlikely for it to retract, making Amazon a relatively stable business to invest in.
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People need their goods, and businesses need computing resources. Both of these are safe bets to still occur in a downturn, even if spending is a bit down. Amazon is a low-risk stock that should be scooped up in a recession, as pent-up demand for goods and coupling resources will likely cause Amazon's growth to skyrocket on the recovery side of a bear market.
Taiwan Semiconductor Last is Taiwan Semiconductor (TSM +1.09%), and it comes with a major caveat. If China invades mainland Taiwan, and that triggers a bear market, then I'm not buying TSMC stock. However, in nearly every other case, I think it's a smart buy. Taiwan Semiconductor is the world's largest chip foundry and is responsible for the vast majority of the logic chips used in high-end technological devices. As the world becomes more digital, demand for TSMC's chips is only going to rise year after year, and even if the company experiences a dip in demand like the rest of the market, it will eventually emerge on the other side stronger than ever.
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437.27
Buying best-in-class companies is a smart move during a bear market, and Taiwan Semiconductor has spent the past decade becoming the best chipmaker in the world. Amazon and Alphabet are also great examples of best-in-class businesses, and I think they all make for perfect investments in the next bear market.
CHARLOTTE, N.C.--(BUSINESS WIRE)--Honeywell Technologies (NASDAQ: HON) announced that it has updated its previously issued 2026 guidance to reflect the impact of the reverse stock split, which took effect on June 29. Following completion of the 1-for-2 reverse stock split, Honeywell Technologies' outstanding common shares were reduced from 634 million to 317 million shares as of June 29, 2026. The updated full-year and second-half 2026 guidance reflect the revised weighted average diluted share.
That is the pool of client money that has migrated from Morgan Stanley (NYSE:MS | MS Price Prediction) workplace and E*TRADE channels into its adviser-led wealth management strategy, according to CFO Sharon Yeshaya on the Q1 2026 earnings call.
Indeed, this number is the clearest evidence yet that the bank’s decade-long bet on turning brokerage accounts and 401(k) participants into full-service advisory clients is compounding at scale. Yeshaya framed it plainly: “This migration has significantly contributed to more than $1 trillion in total assets within our adviser-led strategy.”
What It Means Wealth management is now the primary earnings engine. Total client assets in Wealth Management reached $7.34 trillion in Q1 2026, with the combined Wealth plus Investment Management pool at over $9 trillion, on the road to $10 trillion plus. Morgan Stanley’s firm gathered $118.40 billion in net new assets in the quarter alone, and generated $54 billion in fee-based flows, described on the call as a record excluding prior acquisitions.
In my view, the economics matter more than the headcount. Wealth Management revenue hit $8.52 billion, up 16% year over year, at a 30.4% pre-tax margin, and adviser-led assets sourced from Workplace and E*TRADE now stand at $1.2 trillion. That’s roughly 20% of the $5.8 trillion adviser-led book, and represents a funnel producing recurring, fee-based revenue, the highest-quality earnings stream a broker-dealer can own.
Bull Case Impressively, Morgan Stanley’s EPS came in well ahead of consensus at $3.43, compared to expectations of $3.03. Net revenues of $20.58 billion rose 16%, net income of $5.57 billion jumped 29%, and ROTCE printed at 27.1%, well above the firm’s 20%+ target. Impressively, the company’s expense efficiency ratio also improved to 65% from 68%.
Importantly, Morgan Stanley’s Institutional Securities side is firing too. Advisory revenue climbed 74% to $978 million, equity trading rose 25% to $5.15 billion, and Asia revenues grew 43%. CEO Ted Pick told analysts, “All three segments are growing at twice the rate of GDP organically, and our market share ranges between 10% and 15%, depending on the area.”
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Capital return is working alongside the growth story. Morgan Stanley repurchased $1.75 billion of stock in Q1 at an average price of $169.15 per share, and paid a $1.00 quarterly dividend. The bank’s CET1 ratio of 15.1% sits over 300 basis points above the 11.8% capital requirement, giving management runway for both buybacks and organic investment. Thus, prediction markets are corroborating the momentum. Currently, Polymarket traders assign a 89.5% probability to Morgan Stanley beating quarterly earnings again, with the Q2 2026 report due around July 15, 2026.
The one caveat long-term holders should register – consumer sentiment is weak. The University of Michigan reading hit 44.8 in May 2026, its lowest in the past 12 months, below the 60 recessionary threshold. If asset accumulation slows across the retail base, net new asset growth could throttle back.
Bottom Line The $1 trillion that moved from workplace and E*TRADE accounts into adviser-led relationships is the payoff on years of platform integration, and it is the reason Morgan Stanley trades at 19x trailing earnings while still growing revenue at double-digit rates.
Analysts carry an average price target of $207.62, which the stock has already cleared. The next test is the Q2 report expected around mid-July 2026, where investment banking revenue is the swing variable. For retirement-focused investors, the setup is straightforward: a capital-light fee engine at record margins, a bank with 1.91% dividend yield, and a management team that keeps compounding client assets toward the $10 trillion mark.
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Key Takeaways LMT added major missile, space and naval defense contracts, expanding backlog and revenue visibility.LMT faces program losses, production delays and integration challenges on key defense programs.LMT trades below the industry's forward P/S average, while long-term contracts support future growth. Lockheed Martin’s (LMT - Free Report) shares have risen 2.9% over the past month, underperforming the Zacks Aerospace-Defense industry’s growth of 7.3%. However, the company remains one of the largest U.S. defense contractors with a steady order flow from the Pentagon and other U.S. allies.
Image Source: Zacks Investment Research
Other defense stocks, such as The Boeing Company (BA - Free Report) and Northrop Grumman (NOC - Free Report) , have also underperformed the industry during the same period. Shares of Boeing and Northrop Grumman have risen 7.2% and 1.5%, respectively, during the same time frame.
With Lockheed Martin lagging its industry, investors are likely questioning the stock’s near-term direction. A closer look at the company's strengths, challenges and growth drivers can help assess whether the recent weakness presents a buying opportunity or warrants caution.
Tailwinds for LMT StockLockheed Martin continues to strengthen its long-term revenue outlook by securing substantial contract awards across its core defense programs. During the first quarter of 2026, the company received approximately $7 billion in new awards within its Missiles and Fire Control segment, highlighted by a $4.8 billion fully funded undefinitized contract for the PAC-3 missile program. It also obtained contracts for long-lead materials supporting F-35 production under Lots 20 and
21.
Recently, the company was awarded $3 billion by the U.S. Army to produce both standard and Extended-Range Guided Multiple Launch Rocket System (“GMLRS”) rockets. This is expected to provide several long-term benefits for Lockheed Martin. The contract also reinforces Lockheed Martin's leadership in precision-guided rocket systems, an area experiencing sustained demand as the U.S. and allied nations replenish munitions stockpiles and strengthen long-range strike capabilities.
In June 2026, the company won a $514 million contract by U.S. Space Force for GPS IIIF Space Vehicles 23 and 24. This expands the company's funded backlog and extends production of the GPS IIIF constellation to 14 satellites, strengthening revenue visibility over the coming years. The award also reinforces Lockheed Martin's leadership in military space systems and positions it to benefit from the U.S. Space Force's ongoing modernization of the GPS network as older satellites are replaced.
Lockheed Martin also secured a $200.8 million contract from the U.S. Navy to continue providing Aegis Combat System operator and maintenance training for six international naval customers through 2031. This award benefits Lockheed Martin by extending a stable source of recurring revenues and strengthening its long-term relationships with international Aegis users. As the original developer of the Aegis Combat System, the company is well positioned to provide ongoing training, software updates, system enhancements, and lifecycle support throughout the program's duration.
Challenges for LMT StockLockheed Martin continues to face execution and cost-estimate risk on complex programs, particularly where fixed-price elements magnify the impact of schedule and performance issues. In the first quarter of 2026, the company recorded unfavorable profit adjustments on the F-16 program due to production performance and development delays, as well as on the C-130 program because of ongoing integration challenges and delivery delays.
The company also reported cumulative losses of approximately $1.8 billion on a classified Aeronautics program and approximately $1.46 billion on a classified program in MFC. Both programs continue to carry accrued losses on the balance sheet and could incur additional losses if scope, schedule or cost estimates move further.
Estimates for LMT StockThe Zacks Consensus Estimate for 2026 earnings per share (EPS) indicates year-over-year growth of 29.46%. LMT’s long-term (three to five years) earnings growth rate is 18.48%.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Boeing’s 2026 EPS indicates year-over-year growth of 98.6%. The Zacks Consensus Estimate for Northrop Grumman’s 2026 EPS indicates year-over-year growth of 6.2%. NOC’s long-term earnings growth rate is 5.25%.
LMT’s Earnings Surprise HistoryThe company beat on earnings in three of the trailing four quarters and missed in one, delivering an average surprise of 9.44%.
Image Source: Zacks Investment Research
LMT Stock’s LiquidityThe company’s current ratio is 1.14 compared with the industry’s average of 1.12. The ratio of more than one suggests a healthy liquidity position where the business can meet its immediate financial obligations without selling long-term assets.
Image Source: Zacks Investment Research
LMT Stock Trades at a DiscountIn terms of valuation, LMT’s forward 12-month price-to-sales (P/S) is 1.53X, a discount to the industry’s average of 2.67X. This suggests that investors would be paying a lower price relative to the company’s expected sales growth compared with its peer group.
Image Source: Zacks Investment Research
What Should an Investor Do Now?Lockheed Martin continues to strengthen its long-term growth outlook through a steady flow of contract awards across its missile systems, fighter aircraft, military space, and naval defense businesses, reinforcing demand for its core platforms. These awards expand backlog, improve multi-year revenue visibility, and create opportunities for recurring production, modernization, training, and sustainment work, supporting durable long-term growth.
Considering its financial pressures and current price underperformance, new investors should wait and watch for a better entry point. Investors who already hold this Zacks Rank #3 (Hold) stock may consider retaining it, given the company’s earnings growth outlook and strong liquidity.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Characteristics and Risks of Standardized Options: https://bit.ly/2v9tH6D. Kevin Hincks and Tom White discuss Apple's (AAPL) $30 billion deal to extend their partnership with Broadcom (AVGO) for U.S. made chips.
Broadcom (NASDAQ: AVGO | AVGO Price Prediction) and Apple (NASDAQ: AAPL) both posted strong quarters, but the more interesting story sits in the contract between them. Broadcom’s newly finalized custom silicon extension with Apple runs through 2031, hard-wiring roughly 20% of AVGO’s annual sales to the world’s largest device maker. That single fact reframes how these two NASDAQ names compare right now.
AI Silicon Carries Broadcom. iPhone 17 Carries Apple. Broadcom’s Q2 FY2026 delivered $22.19 billion in revenue, up 47.9% year over year, with AI semiconductor revenue of $10.80 billion, growing 143%. Hock Tan called demand “simply insatiable” and guided Q3 AI revenue to $16 billion, over 200% growth. Custom accelerator work for Google, Meta, OpenAI, and Anthropic is the engine, with the Apple radio-frequency franchise as ballast underneath.
Apple printed its best March quarter on record: $111.18 billion in revenue, up 16.6%, with iPhone at $56.99 billion and Services hitting an all-time high of $30.98 billion. Tim Cook credited “extraordinary demand for the iPhone 17 lineup”. Solid, but pedestrian next to AVGO’s trajectory.
Business Driver Broadcom Apple Revenue growth (latest Q) 47.9% 16.6% Net income growth 87.5% 19% Adj. EBITDA / gross margin 69% adj. EBITDA 46.9% gross Picks-and-Shovels Vendor vs. Consumer Ecosystem The strategies diverge sharply. Broadcom sells custom XPUs and networking silicon into hyperscaler build-outs while collecting a decade of Apple wireless royalties. Apple cannot cleanly replicate Broadcom’s radio-frequency and wireless architecture in-house, which is why the 2031 extension matters. Apple defends device margins against component cost inflation and skyrocketing foundry and memory pricing, while leaning on Services to smooth the ride.
Valuation reinforces the split. AVGO trades at a forward P/E of 20 against a PEG of 0.4. AAPL sits at a forward P/E of 32 with a PEG of 2.5. You pay more for slower growth in Cupertino.
The Next Test Is 2027 AI Revenue Broadcom targets AI semiconductor revenue “in excess of $100 billion” in 2027, with over $30 billion in Q2 AI bookings already backing that math. Watch whether Q3 lands the guided $16 billion. For Apple, the swing factor is whether Apple Intelligence and the rumored foldable iPhone offset foundry inflation before Services growth cools.
Why I Lean AVGO Over AAPL Right Now Broadcom looks better positioned for capital deployment on the metrics. The Apple lock-in through 2031 removes the biggest bear case, the hyperscaler order book is visible into 2028, and you pay a cheaper multiple for faster growth. Risks remain: co-founder Henry Samueli dumped hundreds of thousands of shares on June 24 in the $377 to $388 range, which is not comforting, and semiconductor cyclicality persists. For structural AI exposure with a locked-in consumer electronics annuity, AVGO is the cleaner vehicle.
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Broadcom is going to more than 15 billion chips in the US as part of an extended deal with Apple. Mark Gurman reports on how those new US-made components will be used on "Bloomberg Tech.
Broadcom Inc. remains a strategic AI infrastructure leader, but current market valuations suggest a late-cycle top and limited immediate upside. I see AVGO as a cyclical compounder: robust AI-driven growth, strong free cash flow, and deep contractual revenue visibility underpin long-term durability. Macro risks—especially potential AI capex slowdowns—could drive multiple compressions but would likely present a buying opportunity rather than threaten the franchise.
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2026) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") announces that total production in the second quarter of 2026 from the Company's four producing underground mines in Mexico, namely, the Santa Elena Silver/Gold Mine ("Santa Elena"), the Los Gatos Silver Mine ("Los Gatos") (the Company holds a 70% interest in the Los Gatos Joint Venture that owns the mine), the San Dimas Silver/Gold Mine ("San Dimas"), and the La Encantada Silver Mine ("La Encantada") reached 3.8 million silver ("Ag") ounces, 34,660 gold ("Au") ounces, 16.5 million pounds of zinc ("Zn"), 9.0 million pounds of lead ("Pb") and 252,938 pounds of copper ("Cu"). Q2 2026 PRODUCTION HIGHLIGHTS Silver Production (+3% Y/Y): The Company produced 3.8 million silver ounces in Q2 2026 compared to 3.7 million silver ounces produced in Q2 2025, an increase of 3%.
WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (NASDAQ: FAST) is proud to announce the publication of its 2026 Impact Report. The report, which covers the year ended December 31, 2025, highlights Fastenal's initiatives and impacts in pursuit of three objectives: empowering people, preserving our world, and serving as a trusted partner. The report reflects the creativity and hard work of Fastenal's team members as they continually push for improvements in areas like sustainability, governance,.
CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA), Morgan Stanley Infrastructure Partners ("MSIP"), and Kineticor Asset Management ("Kineticor"), partners in the Greenlight Electricity Centre Limited Partnership ("Greenlight") (the "Partners"), congratulate Meta and the Province of Alberta on today's announcement of a major new data centre project in Alberta. Members of Pembina's leadership team joined Meta, Alberta Premier Daniel.
Lower Support Zone Remains in Focus Once this pullback is complete, the implications from last week’s long-term bearish signal could reassert themselves. The lower swing high confirms a bearish trend structure, and the downtrend is expected to continue until there are signs to the contrary. Given the current price structure, a sustained reclaim of the 20-day moving average would provide the first confirmation of improving momentum. Subsequently, a bullish reversal signal in the trend structure would trigger above the new lower swing high of $4,203.
Despite the bounce from the recent trend low, which indicates at least short-term support, a lower support target zone remains nearby could still be tested. It is defined by a range from approximately $3,927 to $3,886, and the entire range should be viewed as a potential support zone rather than a single price level. If it fails to generate buying interest and lead to a sustained advance, the next lower target is the 161.8% Fibonacci extension of the prior upswing at $3,804.
CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today announced that the Company will release its second quarter 2026 operating results on July 22, 2026, after the market close. In light of the Company's previously announced merger of equals with AvalonBay Communities, Inc. (NYSE: AVB), the Company will not hold a conference call to discuss its second quarter 2026 financial results. The Company will provide an investor presentation that will be posted to the investor section of the Com.
ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) will release its second quarter 2026 earnings on July 22, 2026 after the market close. In light of the Company's previously announced merger of equals with Equity Residential (NYSE: EQR), the Company will not hold a conference call to discuss its second quarter 2026 financial results. The Company will provide an investor presentation in connection with its earnings release, which will be posted on the Compa.
Key Takeaways Fidelity National was selected by Frankfurt International Bank for its Quantum Cloud platform.FIS' cloud-first offerings help banks replace legacy systems with scalable, AI-ready infrastructure.Banking Solutions revenues climbed 45% in Q1 2026 as customer demand for digital banking grew. Fidelity National Information Services, Inc. (FIS - Free Report) has secured another client as Frankfurt International Bank AG (“FIB”), a newly licensed German bank, selected its Treasury & Risk Manager – Quantum Cloud Edition. Instead of relying on legacy banking systems, FIB will launch with FIS' cloud-based platform, providing fully integrated treasury and risk management capabilities from day one. The implementation was completed in just 10 weeks, enabling the bank to go live quickly with a modern platform that offers greater flexibility, automation and scalability.
The deal reflects a broader shift across the banking industry as financial institutions increasingly adopt cloud-native platforms to improve efficiency, reduce costs and support AI-driven banking services. By enabling new banks to launch immediately with modern cloud infrastructure while simultaneously helping established ones upgrade their legacy systems, the company is strengthening its position across the digital banking market.
The latest agreement builds on a series of recent banking technology wins for FIS. First Commerce Bank recently selected its HORIZON core banking platform to support future growth, while BankSouth chose the company to upgrade its retail and commercial banking systems with AI-ready capabilities. These customer additions highlight the growing demand for its cloud and digital banking solutions as financial institutions continue investing in digital transformation.
The strength of FIS' Banking Solutions business was evident in its first-quarter 2026 results. The segment generated $2.4 billion in revenues, up 45% year over year. Customer wins like Frankfurt International Bank AG further validate the company's cloud-first strategy and strengthen its recurring revenue base. As more financial institutions upgrade their technology, it is well positioned to capture additional business, support long-term Banking Solutions growth and enhance shareholder value.
FIS’ Stock Price Performance
Shares of Fidelity National have lost 35.9% year to date compared with the industry’s decline of 9.9%.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
FIS currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the business services space are Corpay, Inc. (CPAY - Free Report) , Payoneer Global Inc. (PAYO - Free Report) and Visa Inc. (V - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Corpay’s 2026 earnings is pegged at $26.86 per share, indicating a 25.6% year-over-year increase. CPAY beat earnings estimates in each of the trailing four quarters, with the average surprise being 2.1%. The consensus estimate for 2026 revenues is pegged at $5.31 billion, implying 17.3% year-over-year growth.
The Zacks Consensus Estimate for Payoneer Global's 2026 earnings is pegged at 27 cents per share, implying 42.1% year-over-year growth. The estimate has been revised upward once over the past 30 days, with no downward revisions. The Zacks Consensus Estimate for PAYO's 2026 revenues is $1.12 billion, reflecting 6.4% year-over-year growth.
The Zacks Consensus Estimate for Visa’s 2026 earnings is pegged at $13.10 per share, indicating a 14.2% year-over-year increase. Visa beat earnings estimates in each of the trailing four quarters, with the average surprise being 3.2%. The consensus estimate for 2026 revenues is pegged at $45.37 billion, implying 13.4% year-over-year growth.
, /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) announced today that its Board of Directors has declared a cash dividend of $0.12 per share of common stock for July 2026. The dividend is payable on August 11, 2026 to common stockholders of record as of July 31, 2026.
For further information or questions, please contact Investor Relations at (301) 968-9300 or [email protected].
ABOUT AGNC INVESTMENT CORP.
Founded in 2008, AGNC Investment Corp. (Nasdaq: AGNC) is a leading investor in Agency residential mortgage-backed securities (Agency MBS), which benefit from a guarantee against credit losses by Fannie Mae, Freddie Mac, or Ginnie Mae. We invest on a leveraged basis, financing our Agency MBS assets primarily through repurchase agreements, and utilize dynamic risk management strategies intended to protect the value of our portfolio from interest rate and other market risks.
AGNC has a track record of providing favorable long-term returns for our stockholders through substantial monthly dividend income, with over $16 billion of common stock dividends paid since inception. Our business is a significant source of private capital for the U.S. residential housing market, and our team has extensive experience managing mortgage assets across market cycles. To learn more about The Premier Agency Residential Mortgage REIT, please visit www.AGNC.com, follow us on LinkedIn and X, and sign up for Investor Alerts.
The U.S. copper industry is valued at around $20 billion, and is one of the key market indicators many market participants watch closely.
Why is that?
Well, copper is heavily used in industry, and the rise or fall of this particular commodity can portend a great deal for where the economy is headed.
However, I think one of the most important numbers that’s also within this sector is negative eleven cents. That is what it cost Southern Copper (NYSE:SCCO | SCCO Price Prediction) to produce a pound of copper in the first quarter of 2026, on a net basis after by-product credits. The largest publicly traded pure-play copper miner reported an operating cash cost of -$0.11 per pound, down from +$0.77 a year earlier.
Southern Copper flagged the swing as a -114% year-over-year improvement in its Q1 2026 release filed April 29, 2026.
What It Means A negative cash cost carries real weight. It means silver, molybdenum, and zinc pulled from the same ore body generated enough revenue to more than cover the full cost of mining, milling, and refining the copper. Southern Copper earned that outcome in a quarter when silver prices ran +157.9% year over year, molybdenum climbed +24.2%, zinc rose +14.0%, and copper itself gained +37.5%. Sales volumes of silver (+11.6%) and zinc (+16.4%) amplified the effect.
The company posted net income of $1.577 billion, up 66.7% year over year, on revenue of $4.251 billion, up 36.2%. Additionally, Southern Copper’s adjusted EBITDA reached $2.71 billion at a 63.8% margin, which supported operating cash flow more than doubling to $1.695 billion. CEO German Larrea called it a “record-breaking quarter” in prepared remarks.
Market Reaction SCCO stock started the year at $144.57 and closed at $172.01 on July 2, 2026, a 23.31% year-to-date gain. Over the trailing twelve months the stock is up 72.32%. Recent action has cooled, evidenced by shares sinking nearly 15% over the past month from a June 2 level of $201.37, giving long-term holders a pullback inside a longer uptrend.
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Bull Case I think Southern Copper’s bull case starts at the cost line and radiates outward. A cash cost below zero means Southern Copper prints cash even if copper retraces from current levels. It also means the company can absorb the operational grind of lower Peruvian ore grades, which pushed Q1 copper output down 4.0% year over year, without ceding margin. That is what a low position on the industry cost curve buys.
The setup extends past one quarter. The Tia Maria project in Peru was 32.5% complete as of Q1, with first production targeted for Q3 2027 and a $1.8 billion budget. Management is committing more than $20.5 billion in capital across the decade to lift output toward 1.6 million tonnes of copper by 2033. Copper itself is providing the tailwind. FRED’s global copper price benchmark reached $13,483.75 per metric ton in May 2026, the top of the 12-month range and the 90.9th percentile of that window.
Holders get paid to wait. The board declared a $1.00 per share cash dividend plus a 0.0100 stock dividend, record date May 13, payable May 29, 2026. Cash and equivalents sat at $4.915 billion at quarter end, with shareholders’ equity up 23.19% year over year.
Sector confirmation runs across the metals complex. Freeport-McMoRan (NYSE:FCX) posted its fourth straight EPS beat with Q1 net income up 154.62% year over year. Newmont (NYSE:NEM) delivered record FY2025 free cash flow of $7.299 billion. MP Materials (NYSE:MP) beat EPS estimates by 182.19% in Q1 with magnetics revenue up 306%. The metals complex is earning its keep.
Bottom Line For a long-term investor, -$0.11 per pound reframes Southern Copper’s risk profile. When the swing metal in the cost structure is a by-product credit, downcycles hurt less and upcycles compound harder. With Tia Maria targeted for Q3 2027 first production and a decade of capital already committed, the next twelve to eighteen months mark the handoff from cost discipline to volume growth.
Keep an eye on copper realizations and Peruvian ore grades in the company’s next earnings report.
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FRISCO, Texas--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its second quarter 2026 earnings results after the market close on Wednesday, July 29, 2026. A conference call is scheduled for Thursday, July 30, 2026, at 11:00 a.m. (CT) to discuss these results. Live conference call Domestic dial-in number: (877) 407-9039 International dial-in number: (201) 689-8470 Webcast: Event Calendar Conference call replay Domestic dial-in number: (844) 512-2921 Intern.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) announced today its board of directors approved a quarterly dividend of $1.08 on each outstanding share of the corporation's common stock to be payable in cash on Oct. 1, 2026, to stockholders of record at the close of business on Aug. 31, 2026.
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
About Allstate
The Allstate Corporation (NYSE: ALL) protects people from life's uncertainties with affordable, simple and connected protection for autos, homes, electronic devices and identities. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Allstate has more than 212 million policies in force and is widely known for the slogan "You're in Good Hands with Allstate." For more information, visit www.allstate.com.
DALLAS--(BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes,” the “Company,” or "our"), the nation's premier single-family home leasing and management company, will release second quarter 2026 financial and operating results on Wednesday, July 29, 2026, after the market closes. The Company will host a conference call that will be webcast live on Thursday, July 30, 2026, at 11:00 a.m. Eastern Time to review second quarter results, discuss recent events, and conduct a question-.
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its second quarter 2026 earnings after the market closes on Wednesday, July 29, 2026. A conference call with senior management is scheduled for Thursday, July 30, 2026 at 11:00 a.m. Pacific Time or 2:00 p.m. Eastern Time.The second quarter conference call is open to everyone and can be accessed by:Internet: Go to www.essex.com; click on Investors and the second quarter earnings webc.
Michael Burry of "The Big Short" fame said he bought shares of regulated sports-betting operators DraftKings and Flutter Entertainment, anticipating regulators will eventually crack down on prediction markets after competition from the upstarts pressured the stocks.
Burry said Wednesday he purchased a full-sized position split roughly 60% in Flutter and 40% in DraftKings, buying Flutter at about $107 a share and DraftKings in the low $26 range. He said he could eventually increase each holding into a full standalone position.
DraftKings one year
The investor, who rose to prominence for predicting the U.S. housing crash in 2008, said both companies are attractive businesses whose shares have been weighed down by the rapid expansion of prediction markets.
Those platforms have increasingly offered event-based contracts, which the U.S. Commodity Futures Trading Commission asserts is under its jurisdiction. The federal agency is currently engaged in legal action against multiple states in a battle over who can regulate prediction markets. The contracts have also managed to sidestep state gaming taxes.
"I believe that the political climate will not tolerate this," Burry said in a Substack post Wednesday. "Prediction markets exist in a loophole adjacent to a heavily regulated and taxed industry. In time, prediction markets will be subsumed into regulation and taxation."
Flutter Entertainment one year
Shares of DraftKings have fallen about 45% from their 52-week high reached last September, while Flutter has slid 65% from its August peak.
"DraftKings is inflecting as an operating business and the value is in the transition I foresee in the near future," he wrote. "Flutter has been hurt by capital misallocation in the past, but is a fundamentally very good operating business with terrific scale."
Both companies have also begun exploring their own prediction-market offerings, potentially positioning themselves to benefit regardless of how the regulatory landscape evolves, Burry noted.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Lam Research Corp. (NASDAQ: LRCX) today announced that the company will host its quarterly financial conference call and webcast on Wednesday, July 29, 2026, beginning at 2:00 p.m. Pacific Daylight Time (5:00 p.m. Eastern Daylight Time).
Webcast: To access the webcast, visit the Investors section of Lam's website at http://www.lamresearch.com and click on the Investors/Investors Overview/Events & Presentations section to view the details.
Replay Information: A webcast replay will be available on the Lam Research website approximately three hours after the conference call concludes.
About Lam Research
Lam Research Corporation (NASDAQ: LRCX) is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research is a FORTUNE 500® company headquartered in Fremont, California, with operations around the globe. Learn more at www.lamresearch.com (LRCX).
Dell Technologies Inc. (NYSE:DELL) experienced a significant Power Inflow alert, a key bullish indicator that is closely tracked by traders who value order flow analytics, specifically institutional and retail order flow data.
Understanding the Power Inflow Signal
Order flow analytics analyze real-time buying and selling trends by examining the volume, timing, and order size across both retail and institutional traders. These insights offer a more detailed understanding of price behavior and market sentiment for a stock, allowing the trader or institution to make the most informed decision possible.
DELL Intraday Performance
At the time of the Power Inflow, DELL was priced at $419.72. Following the signal:
• Intraday High As Of 2:00 PM EST: $437.24 (+4.17%)
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RAPID CITY, S.D., July 08, 2026 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) will announce its 2026 second-quarter earnings after the market closes Wednesday, Aug. 5, 2026, and will host a live conference call and webcast at 11 a.m. EDT on Thursday, Aug. 6, 2026, to discuss the company’s financial results.
To participate by phone and ask a question during the live broadcast, participants can access the event directly at Black Hills Corp. Conference Call. Please allow at least five minutes to register. Upon registration, dial-in information will be provided, including a personal identification number.
To access a listen-only webcast and view presentation slides, please register at Black Hills Corp. Webcast. At the conclusion of the call, a replay of the broadcast will be available at this link and at Black Hills’ investor relations website for up to one year.
About Black Hills Corporation
Black Hills Corp. (NYSE: BKH) is a customer-focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves more than 1.37 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com.
The USD/CHF pair recoils after reaching a five-day high of 0.8108 on Wednesday, edging down some 0.02% as risk appetite deteriorates due to US President Donald Trump’s suggestion of an end to the ceasefire, as Iran attacked ships on Tuesday. At the time of writing, the pair trades at 0.8078, following a false breakout above 0.8100.
After forming a ‘morning star’ at the beginning of the week and testing 0.8100, the USD/CHF pair is now retreating below that level. Nevertheless, bullish momentum remains intact, as the Relative Strength Index (RSI) is bullish but shows signs of fading.
For a bullish continuation, USD/CHF needs to clear the high of the day at 0.8108, followed by the July 1 peak at 0.8120. On further strength, the next area of interest would be 0.8200, followed by the June 4, 2025, daily high at 0.8250. Above this level lies 0.8300.
On the flip side, if USD/CHF tumbles below the 0.8000 psychological figure, it could exacerbate a move towards the 50-day Simple Moving Average (SMA) at 0.7934 ahead of the 200-day SMA at 0.7915. Below is the 0.7900 figure.
Swiss Franc FAQs The Swiss Franc (CHF) is Switzerland’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country’s economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc’s value, causing a turmoil in markets. Even though the peg isn’t in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the Swiss economy on the neighboring Eurozone.
The Swiss Franc (CHF) is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the country’s currency a good choice for investors fleeing from risks. Turbulent times are likely to strengthen CHF value against other currencies that are seen as more risky to invest in.
The Swiss National Bank (SNB) meets four times a year – once every quarter, less than other major central banks – to decide on monetary policy. The bank aims for an annual inflation rate of less than 2%. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF.
Macroeconomic data releases in Switzerland are key to assessing the state of the economy and can impact the Swiss Franc’s (CHF) valuation. The Swiss economy is broadly stable, but any sudden change in economic growth, inflation, current account or the central bank’s currency reserves have the potential to trigger moves in CHF. Generally, high economic growth, low unemployment and high confidence are good for CHF. Conversely, if economic data points to weakening momentum, CHF is likely to depreciate.
As a small and open economy, Switzerland is heavily dependent on the health of the neighboring Eurozone economies. The broader European Union is Switzerland’s main economic partner and a key political ally, so macroeconomic and monetary policy stability in the Eurozone is essential for Switzerland and, thus, for the Swiss Franc (CHF). With such dependency, some models suggest that the correlation between the fortunes of the Euro (EUR) and the CHF is more than 90%, or close to perfect.
The EUR/JPY is in a consolidation, albeit with uptrend bias, as the interest yield differential between the Euro and the Yen holds firm. Current Setup and Live Chart As is the case with several Yen crosses, the EUR/JPY continues to trade within the context of the interest rate differential between the Euro and the Yen. This differential has been brought to the fore following the European Central Bank’s recent rate hike. This action has widened the divergence between the European Central Bank’s monetary policy stance and the Bank of Japan’s gradual normalization strategy. The BoJ has been especially slow to raise rates since it commenced its normalization strategy in 2024. This has left Japanese interest rates the lowest among developed-world currencies. This has led to a sustained uptrend in EUR/JPY, but the pair is currently consolidating as markets await further clues from both sides.
Macro Drivers for the EUR/JPY 1) Interest Rate Differentials
The ECB rate hike on 11 June 2026, which raised the policy rate in the Eurozone from 2.15% to 2.40%, widened the interest rate differential from 165 to 190 basis points. This yield advantage for the Euro is now drawing demand to the single currency relative to the lower-yielding Yen.
2) Gradual Pace of the Bank of Japan Policy Normalization
Despite the Bank of Japan’s shift away from the ultra-accommodative policy of the late 90s, interest rates remain low relative to other G10 currencies. Furthermore, the tightening of monetary policy remains slow and gradual. It has failed to keep up with the market’s expectations for a more aggressive approach as wages rose for the first time in nearly a decade, stoking local inflation. The current state of BoJ policy remains accommodative, which is why the Yen has remained weak relative to the Euro.
3) Risk sentiment & Carry Trades
The ECB’s rate hike has made the EUR/JPY one of the preferred currency pairs on which to carry out the carry trade strategy. When markets operate on a risk-on sentiment, it favors the carry trade, and capital piles into the higher-yielding currency in the currency pair. In this situation, the preferred currency is the Euro. In risk-off settings, flight to safety is the game play and capital flows away from the risk-associated Euro to the safe-haven Yen.
Near-term EUR/JPY Price Catalysts 1) ECB communication: The markets will continue to watch commentary from ECB policymakers and ECB Chair Christine Lagarde for further clues on the monetary policy of Europe’s apex bank. Currently, the ECB has given hints that it intends to follow a data-dependent approach, which many interpret as a “wait-and-see” approach. However, watch out for PMI releases and data prints surrounding ECB inflation and growth. These are the predominant metrics the ECB comments about in pursuance of its core mandate.
2) Bank of Japan commentary: The commentary from the BoJ will center on further normalization in response to local inflation, or on any interventionist moves. Further filip is also provided by the Japanese Ministry of Finance.
3) Global market sentiment: Events such as geopolitical developments can force a shift in global market sentiment. When sentiment is risk-on, it favors the carry trade and a further uptick in the pair. Conversely, risk aversion drives demand for the Yen as investors dump the risk-associated Euro.
EUR/JPY Forecast Scenarios Base case: bias remains bullish due to the interest yield differential. However, the announcement by US President Donald Trump on ending the recently signed truce with Iran could change risk sentiment dynamics, thereby altering the base-case scenario.
Bull case: If EU data comes in stronger than expected, especially growth data, amid cautious BoJ normalization, this could be bullish for the pair. Expansion of carry trades and new Euro demand could break the consolidation pattern and lead to an upside continuation.
Bear case: Weaker Eurozone growth data, a return of geopolitical uncertainty in the Middle East, and the return of the oil shock risk premium could trigger risk aversion, leading to a drop in Euro demand and flight to safety of the Yen. This would allow for a reasonable retracement from recent highs even in the face of a cautious BoJ.
EUR/JPY Technical Outlook The price action continues to play out within the borders of the evolving symmetrical triangle. This pattern is a consolidation that serves as a resting point from the uptrend, with pattern resolution expected to be bullish in nature. This expectation will be confirmed on a break of the triangle’s upper boundary and the 187.84 resistance (17 April high), with 190.02 (psychological resistance and 27% Fibonacci extension of the 1 October 2025 – 22 January 2026 upswing) entering the mix as the immediate target to the north. Further north, 194.87 (61.8% Fibonacci extension) serves as the additional upside target.
However, a breakdown of the triangle’s lower boundary and the 181.94 support (26 January and 13 March lows) invalidates the upside move and unlocks access to the 179.27 support (50% Fibonacci retracement), leaving the 177.63 support (61.8% Fibonacci retracement and prior high of 8 October 2025) as the next target to the south.
NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) (“JFG”, “we” or “our”) today announced the pricing of its public offering of €850,000,000 aggregate principal amount of 4.500% Senior Notes due 2033 (the “Notes”) with an effective yield of 4.544%, maturing, July 15, 2033. The offering is expected to settle on July 15, 2026, subject to the satisfaction of customary closing conditions. Application is expected to be made for the Notes to be admitted to the Official List of the.
Blue Origin is reportedly targeting a $130 billion private-market valuation, which would be just a fraction of SpaceX's nearly $2 trillion market capitalization.
The space economy has been all the rage with the initial public offering of Space Exploration Technologies (SPCX 1.02%), aka SpaceX, which was the largest IPO ever. The company entered public markets with a market capitalization of around $1.75 trillion, instantly making it one of the most valuable companies in the world.
SpaceX dominates launches, while competitor Rocket Lab (RKLB +0.01%) is carving out its own place in the space economy. For investors considering the growing space economy, read on to see which space stock is the better buy before the end of 2026.
Image source: The Motley Fool.
Comparing SpaceX's and Rocket Lab's launch businesses McKinsey & Company estimates that the global space economy could reach $1.8 trillion by 2035. Driving this growth is innovation in the private sector, notably reusable launch systems and technological improvements that drastically lower the cost of launching infrastructure into space. This enables satellite developers to launch more satellites into space and capitalize on the growing demand for satellite data and connectivity.
SpaceX and Rocket Lab are top stocks for investors interested in the space economy, as they are the most widely used launch providers in the United States. Since the start of 2025, Rocket Lab has made 35 launches. Meanwhile, SpaceX has made a whopping 255 launches, illustrating its dominant position in the space launch industry.
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Rocket Lab's Electron rocket is a small-lift launch vehicle that can carry payloads of around 300 kilograms (660 lbs) into low Earth orbit (LEO). This allows Rocket Lab to serve small- to medium-sized satellite customers, providing them with greater flexibility and control over the timeline while enabling them to precisely place these smaller satellites into orbit.
In contrast, SpaceX's Falcon 9 can carry massive payloads of 22,800 kg (50,000 lbs) into LEO. This rocket provides customers with a more cost-efficient option, as its large rocket can carry multiple payloads into space for different customers through its Smallsat Rideshare Program. SpaceX is also developing Starship, a super heavy-lift, fully reusable rocket capable of carrying 100,000 kg (220,000 lbs) into LEO.
To compete with SpaceX for larger launches, Rocket Lab has developed its medium-lift rocket, Neutron, which can carry payloads of 13,000 kg (28,600 lbs) into space. This rocket is smaller than the Falcon 9, but its larger payload will enable Rocket Lab to compete for more lucrative, higher-margin contracts and provide an alternative to SpaceX for government or commercial customers. The company hopes to launch Neutron by the end of this year.
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Both have businesses outside of launch services Beyond launch services, SpaceX and Rocket Lab both operate vertically integrated businesses that span the space economy. SpaceX has been building its own satellite constellation through Starlink, which provides high-speed broadband internet worldwide. Starlink boasts 12 million active subscribers worldwide and generates $11 billion in annual revenue. The company is also expanding its constellation to enhance satellite-to-phone connectivity, laying the groundwork for Starlink Mobile.
Rocket Lab operates a space systems business, providing hardware manufacturing, satellite design, and other services to space customers. The company builds components other companies need to make their satellites work, such as solar panels, star trackers, and flight software. Rocket Lab recently announced a deal to acquire Iridium Communications (IRDM 1.30%) for $8 billion, which would give it Iridium's constellation of 66 LEO satellites and help it further expand its vertically integrated space business.
SpaceX's revenue last year was $18.7 billion, dwarfing Rocket Lab's revenue of $602 million. SpaceX reported a net loss of $4.94 billion, compared with Rocket Lab's $198 million. Despite the revenue difference, both companies trade at hefty price-to-sales ratios: SpaceX at around 110x and Rocket Lab at 82x, suggesting investors are paying a steep premium in anticipation of strong future growth.
SpaceX has businesses outside of space, notably xAI and other technology businesses. A massive chunk of its $28.5 trillion total addressable market is anchored to artificial intelligence (AI), which accounts for $26.5 trillion of this figure. On the other hand, Rocket Lab is a more pure-play space company, with its business spanning the entire space ecosystem.
For investors seeking a play on future technologies, including space and AI, SpaceX could be the stock to go with. But if you want pure-play space exposure, Rocket Lab is a better buy. Just be warned: You'll pay a hefty premium if you buy either stock today, so size accordingly and ensure it's included in a well-diversified portfolio.
Viva Republica, the operator of South Korea-based mobile money transfer app Toss, reportedly signed a memorandum of understanding with blockchain company Optimism to test a Korean won-based stablecoin infrastructure for institutional payments.
The companies, along with privacy solutions provider Sunnyside Labs, will conduct a three-month proof of concept (PoC) using Optimism's OP Stack and Sunnyside's Privacy Boost protocol to develop a Korean won-based stablecoin and assess whether these technologies can be applied to domestic blockchain-based payment infrastructure for financial institutions, reported Yonhap News on Wednesday.
The PoC will explore whether financial institutions can control the settlement process, the feasibility of implementing know-your-customer (KYC) and anti-money laundering (AML) verification requirements and whether transactions can remain private on a public blockchain ledger.
Toss plans to use the three-month PoC as the foundation for building compliant stablecoin-based payment infrastructure in the country, according to the report.
Cointelegraph has approached Toss for more details about the stablecoin pilot.
Toss app homepage. Source: Toss.im
Optimism will provide the blockchain infrastructure, while Sunnyside Labs will provide the privacy-preserving technology to shield transfers. Sunnyside is a core developer for the Optimism Collective and has been building core OP Stack infrastructure.
Seoul-headquartered Toss was launched in 2015 and claims it has more than 30 million users on its mobile application.
Payments giants test stablecoins for improved settlementToss’ PoC follows similar stablecoin-based initiatives from other large financial institutions in the country.
In late April, one of South Korea’s largest credit card providers, Shinhan Card, teamed with the Solana Foundation to test the commercial feasibility of stablecoin payments and the use of non-custodial wallets, after completing a joint pilot project earlier that month.
Shinhan Card said it hoped to eventually develop its own DeFi-linked services that implement blockchain oracles, a technology used to connect information in offchain and onchain environments.
Late last year, payments giant Visa also launched USD Coin (USDC) settlement services for some US-based financial institutions on the Solana blockchain in one of the more advanced examples of stablecoin projects.
Other large payment providers exploring stablecoins for improved payments and settlement include Mastercard and South Korea's BC Card.
Magazine: The biggest blockchain upgrades still to come in 2026
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Viva Republica, the operator of South Korea-based mobile money transfer app Toss, reportedly signed a memorandum of understanding with blockchain company Optimism to test a Korean won-based stablecoin infrastructure for institutional payments.
The companies, along with privacy solutions provider Sunnyside Labs, will conduct a three-month proof of concept (PoC) using Optimism's OP Stack and Sunnyside's Privacy Boost protocol to develop a Korean won-based stablecoin and assess whether these technologies can be applied to domestic blockchain-based payment infrastructure for financial institutions, reported Yonhap News on Wednesday.
The PoC will explore whether financial institutions can control the settlement process, the feasibility of implementing know-your-customer (KYC) and anti-money laundering (AML) verification requirements and whether transactions can remain private on a public blockchain ledger.
Toss plans to use the three-month PoC as the foundation for building compliant stablecoin-based payment infrastructure in the country, according to the report.
Cointelegraph has approached Toss for more details about the stablecoin pilot.
Toss app homepage. Source: Toss.im
Optimism will provide the blockchain infrastructure, while Sunnyside Labs will provide the privacy-preserving technology to shield transfers. Sunnyside is a core developer for the Optimism Collective and has been building core OP Stack infrastructure.
Seoul-headquartered Toss was launched in 2015 and claims it has more than 30 million users on its mobile application.
Payments giants test stablecoins for improved settlementToss’ PoC follows similar stablecoin-based initiatives from other large financial institutions in the country.
In late April, one of South Korea’s largest credit card providers, Shinhan Card, teamed with the Solana Foundation to test the commercial feasibility of stablecoin payments and the use of non-custodial wallets, after completing a joint pilot project earlier that month.
Shinhan Card said it hoped to eventually develop its own DeFi-linked services that implement blockchain oracles, a technology used to connect information in offchain and onchain environments.
Late last year, payments giant Visa also launched USD Coin (USDC) settlement services for some US-based financial institutions on the Solana blockchain in one of the more advanced examples of stablecoin projects.
Other large payment providers exploring stablecoins for improved payments and settlement include Mastercard and South Korea's BC Card.
Magazine: The biggest blockchain upgrades still to come in 2026
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Toss, the fintech super-app with more than 15 million users in South Korea, has signed a memorandum of understanding with Optimism and Sunnyside Labs to run a proof of concept on a Korean won-pegged stablecoin. The three-month PoC will test whether Optimism’s layer-2 infrastructure can support compliant digital currency payments in one of Asia’s most tightly regulated financial markets.
What the partnership actually involves The MOU, signed on July 8, pairs three organizations with very different skill sets. Toss brings the user base and financial services muscle. Optimism contributes its OP Stack, the modular framework that powers its Ethereum layer-2 network. Sunnyside Labs rounds out the trio with privacy-focused solutions, a critical piece of infrastructure when you’re dealing with regulated payments in a country that takes KYC and AML seriously.
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Kyu-ha Kim, Toss’s Chief Business Officer, emphasized the importance of the collaboration in understanding the feasibility of a KRW-pegged stablecoin. The PoC will specifically assess whether the OP Stack can handle the throughput, compliance, and cost requirements that a payment-grade stablecoin demands.
Back in March 2026, the company announced plans to issue a won-backed stablecoin. Then in June, Toss Bank signed a separate MOU with the Solana Foundation to test stablecoin-based remittance and settlement. The Optimism track focuses on layer-2 Ethereum infrastructure. The Solana track focuses on remittance use cases.
Why South Korea matters for stablecoins That’s precisely why Toss is running a PoC rather than going straight to market. The company operates Toss Bank, a fully licensed digital bank, alongside its payments super-app. A stablecoin that gets shut down would be a reputational catastrophe for a platform that has spent years building trust with Korean consumers.
The risk, of course, is execution. Three months is a short window for a PoC, and the gap between “technically feasible” and “regulatorily approved” can be measured in years in South Korea. No regulatory approvals have been granted, and no specific token issuance details have been disclosed. The PoC could conclude that the technology works perfectly and still sit in regulatory limbo for an extended period.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its second quarter 2026 results after the Nasdaq closes on Wednesday, August 5, 2026. On Thursday, August 6, 2026 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Chris Bilotto, Chief Financial Officer and Treasurer Brian Donley and Vice President Jesse Abair will host a conference call to discuss these results. The conference call telephone numbe.
Wrap Technologies, Inc. (WRAP - Free Report) has launched an autonomous defense and public safety platform, WrapShield, designed to help government agencies in early detection of threats, improve decision-making and coordinate appropriate responses. As part of the launch, the company announced a strategic investment in Israel-based Frenel Imaging Ltd. and secured exclusive commercialization rights across the United States and NATO for Frenel's TPiCore thermal-polarimetric sensing technology.
WrapShield Combines AI, Advanced Sensors and Response TechnologiesWrapShield integrates advanced sensing technologies, artificial intelligence, command-and-control systems and response capabilities into a unified operating platform. Its open architecture allows government agencies to integrate existing and future sensors, AI tools and response technologies within a single operational ecosystem.
Advanced Thermal-Polarimetric Imaging Powers Threat DetectionThe platform's detection layer is built on Frenel's TPiCore thermal-polarimetric imaging technology, which captures both thermal intensity and polarization data to identify the physical characteristics of objects. Unlike conventional thermal imaging systems that rely primarily on heat signatures, the technology is designed to detect RF-silent and difficult-to-identify threats by analyzing their material composition. AI-assisted analytics then classify threats, provide decision support and recommend mission-appropriate responses while maintaining human oversight.
Platform Offers Broad Operational BenefitsWrapShield is intended to enhance situational awareness, accelerate threat detection and support faster operational responses across complex security environments. The platform can integrate both WRAP's own technologies and third-party defense systems, enabling customers to deploy kinetic or non-kinetic, lethal or non-lethal responses based on operational requirements. Initially focused on countering unmanned aircraft systems (UAS), the platform is designed to address evolving security challenges across defense, public safety, border security and critical infrastructure protection.
Wrap Expands Long-Term Growth OpportunityBeyond counter-UAS applications, Wrap expects WrapShield to support additional use cases, including defense intelligence, maritime surveillance, autonomous systems, robotics and industrial monitoring. The company believes thermal-polarimetric sensing can serve as a core technology for future AI-enabled security and autonomous platforms. Through continued investments in advanced sensing capabilities, Wrap aims to expand WrapShield into a comprehensive operating platform for next-generation defense and public safety missions.
Benefits of the Recent Move to WrapThe launch of WrapShield broadens Wrap Technologies' portfolio beyond its legacy non-lethal public safety offerings, including BolaWrap, WrapVision and WrapReality, into the rapidly expanding defense and homeland security markets. The new launch is expected to primarily support WRAP’s technology-enabled services business, as the AI-driven platform aligns with the company's strategy of expanding software, managed services and digital security offerings. Technology-enabled services comprised nearly 21% of WRAP’s consolidated revenues in the first quarter of 2026.
Trust Wallet, a renowned self-custody wallet, has integrated Robinhood Chain, an Ethereum-compatible L2 ecosystem. The integration permits Trust Wallet to expand accessibility for over 220M consumers across the globe. According to Trust Wallet’s official announcement, the latest integration allows consumers to manage crypto assets, meme tokens, and tokenized RWAs seamlessly.
With this integration, users can now send, receive, and swap these digital assets without ever leaving the self-custodial app. Thus, the development merges the strengths of both entities to provide an exclusive blend of entertainment and utility for worldwide retail participants.
Robinhood Chain Broadens RWA Access via Trust Wallet Integration The integration of Robinhood Chain into Trust Wallet is crucial to expand access for the user base. In this respect, the Robinhood Chain has appealed to a couple of distinct audiences. For one group, RWAs like tokenized commodities and stocks focus on advancing blockchain adoption in the long-term with the provision of new methods for portfolio diversification.
While we’re building robinhood chain to be the best chain for RWA … it works great for memes too
— Vlad Tenev (@vladtenev) July 8, 2026 Additionally, the popularity of meme trading has also surged, with Vlad Tenev, the CEO of Robinhood, openly admitting the role of the blockchain in backing the respective cultural wave. The executive said, “While we’re building Robinhood Chain to be the best chain for RWA … it works great for memes too.”
Retail Adoption Accelerates Cross-Network Liquidity Trust Wallet’s integration guarantees that both meme enthusiasts and serious investors can leverage Robinhood Chain seamlessly without any compromise on control or security. Such a dual appeal fortifies the status of Robinhood Chain as a versatile ecosystem that can connect internet-native trends and conventional finance.
According to Trust Wallet, supporting Robinhood Chain lets consumers manage Stock Tokens, meme coins, and crypto-native assets with complete custody. The move also expands the already wide multi-chain coverage of Trust Wallet. For Robinhood Chain, the development delivers rapid exposure to a broad retail audience, expanding liquidity and adoption across the network. Together, the two companies are advancing the convergence of retail-powered digital culture and institutional-scale blockchain solutions.
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Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
