Track market-moving stories before they get noisy

ATLANTA--(BUSINESS WIRE)---- $PNFP--Pinnacle Financial Partners (NYSE: PNFP) added 74 experienced revenue-producing team members during the second quarter of 2026, bringing its year-to-date total to 124 against a goal of 225-250 for the year. This success is another milestone as the firm continues to execute its long-standing growth strategy following its merger with Synovus Financial Corp. in January. These new team members average approximately 20 years of financial services experience and are nearly e.

NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of common stock of Planet Fitness, Inc. (NYSE: PLNT) between November 6, 2025 and May 6, 2026, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 14, 2026.

SO WHAT: If you purchased Planet Fitness common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Planet Fitness class action, go to https://rosenlegal.com/cases/planet-fitness-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 14, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or concealed material adverse facts concerning the true state of Planet Fitness’ customer acquisition and marketing metrics. Notably, Planet Fitness’ updated marketing messaging was failing to resonate with, and was actively intimidating, its core target demographic of fitness beginners and casual gym-goers. As a result, Planet Fitness was experiencing a significant headwind in net member joins during its peak first-quarter sign-up period that rendered its previously issued fiscal 2026 guidance and long term financial targets unachievable. Instead, Planet Fitness would be required to restructure its marketing strategy, losing the gains they praised from continuing the same marketing campaign, and entirely halt the planned Black Card price increase which sale projections were premised upon. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Planet Fitness class action, go to https://rosenlegal.com/cases/planet-fitness-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--SentinelOne® (NYSE: S), the AI Security leader, today announced it has been named a Leader in the IDC MarketScape: Worldwide Managed Detection and Response Service for Midmarket 2026 Vendor Assessment (Doc #US52992326, July 2026). The IDC MarketScape covers Wayfinder, SentinelOne's managed detection and response (MDR) offering, which uses AI to handle detection, correlation, and triage at machine speed, and SentinelOne's analysts to apply human judgment t.

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced the successful launch of ATSC 3.0 (NextGen TV) in the Cleveland, Ohio, television market, with the next-generation broadcast standard now deployed across all of the top 25 U.S. designated market areas (DMAs). As the largest remaining market yet to deploy ATSC 3.0, Cleveland had been unable to launch due to structural limitations in available broadcast spectrum and station participation. However, following.

Gold prices fell in Saudi Arabia on Friday, according to data compiled by FXStreet.

The price for Gold stood at 485.90 Saudi Riyals (SAR) per gram, down compared with the SAR 488.74 it cost on Thursday.

The price for Gold decreased to SAR 5,667.48 per tola from SAR 5,700.55 per tola a day earlier.

Unit measure

Gold Price in SAR

1 Gram

485.90

10 Grams

4,859.03

Tola

5,667.48

Troy Ounce

15,113.27

FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

3 Altcoins Decline as Binance Flags Delisting Risk

PANews July 24 news, according to Arkham statistics, the Meme coin CASHCAT on Robinhood Chain has over 61,000 holders, but the top 1000 addresses hold 89.1% of the supply, worth over $40 million. Other tokens held by these addresses include PONS ($2.84 million), TENDIES ($1.87 million), STONKBROKER ($1.1 million), Index ($1.07 million), WOOD ($409,000), SQUEEZE ($314,000), VIRTUAL ($308,000), JUGGERNAUT ($299,000), UP ($275,000), DEGEN ($247,000), KITSU ($229,000), SWOGE ($211,000) and VEX ($207,000).

PANews, July 24 – CryptoQuant analyst Darkfost pointed out that in recent months, traditional markets have significantly outperformed crypto assets, turning traditional financial assets from a niche market into a key segment on crypto exchanges. Taking Gate as an example, the platform now allows users to trade precious metals, commodities, stocks, indices, and ETFs. Among them, precious metals (gold and silver) have recorded cumulative trading volume exceeding $11 billion since launch, far outstripping stocks’ $8.4 billion, indices and ETFs’ $1.2 billion, and other commodities’ $494 million. Excluding crypto assets, precious metals account for 52% of Gate’s trading volume, stocks for 39%, indices and ETFs for 6%, and other commodities for just 2.3%.

Precious metals listings make up only 4.8% of the platform’s total traditional finance tokens (stocks 72.8%, indices and ETFs 19.8%), yet they concentrate most of the liquidity. Since 2025, gold has gained 115% and silver has surged over 322%. This performance during the Bitcoin bear market has drawn some crypto investors toward traditional finance, and exchanges that made an early move have been rewarded.

Summit Therapeutics Inc. (SMMT) Q2 2026 Earnings Call July 23, 2026 4:30 PM EDT

Company Participants

Dave Gancarz - Chief Business & Strategy Officer
Robert Duggan - Co-CEO & Executive Chairman
Mahkam Zanganeh - Co-CEO, President & Director
Manmeet Soni - COO, CFO & Director
Allen Yang - Chief R&D Strategy Officer

Conference Call Participants

Yigal Nochomovitz - Citigroup Inc., Research Division
Nicholas Lorusso - TD Cowen, Research Division
Salveen Richter - Goldman Sachs Group, Inc., Research Division
Bradley Canino - Guggenheim Securities, LLC, Research Division
William Zhang - Wells Fargo Securities, LLC, Research Division
David Dai
Reni Benjamin - Citizens JMP Securities, LLC, Research Division
Eric Schmidt - Cantor Fitzgerald & Co., Research Division
Dara Azar - Stifel, Nicolaus & Company, Incorporated, Research Division
Faisal Khurshid - Jefferies LLC, Research Division

Presentation

Operator

Good afternoon, and welcome to Summit Therapeutics Q2 2026 Earnings Call. [Operator Instructions] We do not expect any technical difficulties today. However, in the event that we lose the webcast connection and are unable to provide any updates, please wait up to 10 minutes for resolution. Please refer to the company's website for updates. Please note that today's call is being recorded. [Operator Instructions]

At this time, I would like to turn the call over to Dave Gancarz, Summit Therapeutics Chief Business and Strategy Officer. You may proceed.

Dave Gancarz
Chief Business & Strategy Officer

Good afternoon, and thank you for joining us. On today's call, we will provide an update on our second quarter 2026 financial results and operational progress. This afternoon's press release is available on our website, www.smmttx.com. Our Form 10-Q was also filed today and is available on our website and via the SEC's website. Today's call is being simultaneously webcast, and an archived replay will also be made available later today on our website.

Joining me on the call today is Bob

Gold prices fell in India on Friday, according to data compiled by FXStreet.

The price for Gold stood at 12,504.78 Indian Rupees (INR) per gram, down compared with the INR 12,566.10 it cost on Thursday.

The price for Gold decreased to INR 145,853.30 per tola from INR 146,568.50 per tola a day earlier.

Unit measure

Gold Price in INR

1 Gram

12,504.78

10 Grams

125,047.80

Tola

145,853.30

Troy Ounce

388,942.40

FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

3 Micro-Caps Set for Major Moves: Balancing Risk and OpportunityComstock NYSEAMERICAN: LODE executives said the company ended the second quarter of 2026 with a stronger balance sheet, completed major capital spending on its first industry-scale solar panel recycling facility and remains focused on monetizing legacy mining and real estate-related assets.

Chief Financial Officer Judd Merrill said Comstock ended the quarter with approximately $31.4 million in cash and no debt. Total working capital was $39.9 million, based on $58.1 million in current assets and $18.2 million in current liabilities.

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Merrill said the company expects another $20 million in cash in August upon closing a securities purchase agreement tied to the sale of 100% of its legacy mining assets to Mackay Precious Metals. He said the transaction would also remove mining reclamation liabilities, bonding requirements and related costs from Comstock’s balance sheet, while allowing the company to retain upside through net smelter return royalties across the district and equity in Mackay.

“The mining sale will also eliminate annual costs of about $1.4 million and free our capacity to focus more on the recycling business,” Merrill said.

Capital Deployment Focused on Metals and Sierra Springs Merrill said Comstock’s largest source of cash during the first half of the year was its January equity financing, which generated approximately $56 million in net proceeds. The company also generated nearly $6.5 million in additional proceeds, including more than $2 million from mining asset sales, $1.8 million from debt extinguishment-related recoveries and $2.6 million in solar panel recycling revenue, including deferred revenue from Comstock Metals.

On the spending side, Merrill said the company invested approximately $21 million into Sierra Springs, enabling the closing of more than 2,200 acres of land and nearly 2,000 acre-feet of water rights. The investment increased Comstock’s ownership in Sierra Springs to nearly 50%, according to the company.

Comstock also spent approximately $5 million completing its first industry-scale metals recycling facility, $1.3 million expanding product upgrade capabilities, approximately $1.4 million advancing new metals recovery technologies and approximately $3 million on metals operating costs as operations ramped.

Merrill said Comstock was added to the Russell 2000 and Russell 3000 indexes in late June, which the company views as a step in strengthening its institutional capital base.

Solar Panel Recycling Facility Set to Begin Continuous Operations Chief Executive Officer Corrado De Gasperis said Comstock’s first industry-scale solar panel recycling system is expected to begin ramping in August after final testing and commissioning. He said the system is designed for 100,000 tons of annual capacity and that the company expects to operate at about 25% capacity initially.

De Gasperis said the company’s process is designed to remove contaminants and produce clean, saleable materials, including glass and metals. He said Comstock’s product upgrade systems are already operating and have been stress-tested, allowing the company to produce higher-specification glass while recovering additional residual materials.

Merrill said the company’s new storage area is graded, fenced and ready to open, with total panels on the ground and ready for processing approaching 9,000 tons. De Gasperis later said panels are stored across sites including California and Ohio, but the company is not disclosing volumes by location.

In response to investor questions, Merrill said the metals operation begins generating cash from an operational standpoint when the first plant reaches a little more than 20% capacity. He said the company-wide cash flow threshold from plant one is roughly 40% to 50% of operations.

De Gasperis said Comstock is not guiding beyond 25% capacity for the year-end ramp, though he said the company has incentives to push higher. “Getting to 25% proves what most people are looking to see,” he said, citing whether the machine works reliably and profitably at the line-of-business level.

Management Discusses Customers, Competition and Future Sites De Gasperis said Comstock continues to engage with large customers in the utility segment and has been adding offtake agreements. He said customer demand today is smaller than what the company expects as deployed solar panels mature and reach end of life.

Asked about competitors, De Gasperis said the company still sees alternatives such as landfilling or shredding panels and shipping materials overseas, but said Comstock does not see another company with a comparable science-based system that can produce clean materials and scale to the same extent.

Comstock is also evaluating additional site opportunities. De Gasperis said the company has selected sites two and three, is close to selecting a fourth, and is looking at Ohio, northern Nevada, Texas and the East Coast. He emphasized that site selection is not the same as deploying production capital, and that Comstock will not order equipment for the next facility until the first system is operating and ramping successfully.

The company is also advancing a one-ton-per-day metals recovery pilot system intended to test extraction of silver and other metals from industrial tailings generated by its recycling process. De Gasperis said Comstock hopes to know more about silver recovery before the end of the year, but said it is premature to discuss silver yields.

Sierra Springs Monetization Effort Advances Comstock executives spent a significant portion of the call discussing Sierra Springs, which De Gasperis described as a potentially valuable industrial land and infrastructure opportunity in northern Nevada. He said the consolidated land, water and power position is intended to attract counterparties involved in major industrial and compute-related development.

De Gasperis said Sierra Springs has secured an initial precedent agreement tied to 50,000 dekatherms per day of natural gas, which he said could translate to up to 300 megawatts of power. He said Comstock is also positioned for a potential follow-on opportunity that could bring the total to at least 1.2 gigawatts, though the later opportunity has not yet come to formal bid.

De Gasperis said the company expects to launch a marketing effort later this summer and believes it can structure transactions before year-end, although he noted that potential counterparties may require 90 to 150 days of due diligence.

Bioleum Strategy Recalibrated De Gasperis said Bioleum has been operating more quietly as Comstock prioritizes the metals business, the mining asset sale and Sierra Springs. He said Bioleum’s strategy has been recalibrated following the acquisitions of RenFuel and Hexas, with a focus on integrating feedstock and conversion technologies into a “farm-to-fuel” platform.

De Gasperis said the company does not expect revenue from Bioleum generating fuels in 2027, but does expect revenue from Bioleum generating materials for fuels and from Hexas. He also said Comstock expects to pursue capital at the subsidiary level, potentially through non-dilutive sources and third-party investment, before the end of the year.

Asked about Bioleum impairments recorded in the quarter, De Gasperis said they were non-cash and tied to intellectual property that is no longer strategic to Bioleum’s focused plan. Merrill said the company’s investment carrying value increased to approximately $67 million even after the non-cash impairment.

About Comstock (NYSEAMERICAN:LODE)Comstock Mining, Inc NYSE: LODE is a growth-oriented mineral exploration and production company focused on the historic Comstock Lode in Virginia City, Nevada. The company’s primary business activities include the development, extraction and sale of gold and silver from its flagship Lucerne project. Comstock leverages modern mining techniques and infrastructure to access high-grade ore bodies in one of North America’s most renowned silver-gold districts.

In addition to its core precious metals operations, Comstock Mining maintains a commercial real estate division centered in Virginia City’s historic district.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Comstock Right Now?Before you consider Comstock, you'll want to hear this.

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While Comstock currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

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The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.

Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.

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Apple (AAPL -1.30%) may soon increase prices on iPhones.

*Stock prices used were the afternoon prices of July 21, 2026. The video was published on July 23, 2026.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Tesla (TSLA -14.38%) recently started manufacturing its Cybercab autonomous robotaxi, but it faces two problems. First, the company's full self-driving software lacks widespread regulatory approval in the U.S., so the robotaxi won't be hitting the road at scale anytime soon. Second, Tesla is behind other operators, like Alphabet's Waymo, which is already completing over 500,000 paid autonomous trips per week.

Simply put, the autonomous arms race is complex, competitive, and extremely capital-intensive, but there is one company bypassing those challenges, and it could be the industry's ultimate winner. Uber Technologies operates the world's largest ride-hailing platform, and it has partnered with around 30 companies in the autonomous industry that are deploying their vehicles in its network.

Here's why Uber's strategy could deliver much better results for investors than Tesla's strategy.

Image source: Getty Images.

Autonomous vehicles will transform Uber's business For most manufacturers of autonomous vehicles, designing a great car is the easy part. The real challenge is building a network, attracting customers, and providing rides in a timely fashion. Uber has mastered all of those things, which is why dozens of companies in the autonomous space -- including Waymo -- are deploying their cars into its network rather than building their own, and it's a win for all parties.

Uber's autonomous partners get instant access to its 199 million monthly active users, and Uber gets to offer its customers a wide selection of autonomous rides without incurring the exorbitant cost of manufacturing its own cars. The ride-hailing giant will simply take a cut of every ride facilitated by its platform, the same way it does with human-driven rides.

Financially speaking, the shift to autonomous vehicles will be transformative for Uber. The company reported $53.7 billion in gross bookings during the first quarter of 2026, which was the dollar value of every ride, food order, and commercial delivery paid for through its platform. Historical data suggests around 44%, or $23.6 billion, of those bookings were likely paid to the human drivers who operate in its network. They are consistently Uber's single highest cost.

After excluding other costs, like the money paid to restaurants for their food orders, Uber was left with $13.2 billion in revenue for the first quarter. After accounting for operating expenses like marketing, the company's operating income was just $1.9 billion. That's right, Uber pocketed less than 4% of its $53.7 billion in gross bookings as operating profit.

Today's Change

(

-2.02

%) $

-1.42

Current Price

$

68.91

Theoretically, if Uber eliminated the cost of its human drivers by using autonomous vehicles instead, it would have earned $23.6 billion in additional revenue during the first quarter alone. Some of that money would have been paid to the owners of the self-driving vehicles in its network, but I think that cost will be far lower than the cost of human drivers in the long run, particularly because autonomous cars can operate around the clock without sleep, lunch breaks, or vacations.

As of March 31, self-driving cars were available in eight U.S. cities through Uber, with plans to expand to 15 cities by the end of 2026. Moreover, CEO Dara Khosrowshahi said autonomous trips soared tenfold year over year during the first quarter, so they are scaling up fast.

Uber stock is more attractively valued than Tesla stock Khosrowshahi thinks the autonomous revolution will be a multitrillion-dollar opportunity over the long term, so where investors choose to put their money could be the difference between disappointment and life-changing returns. Uber stock is entering this new era at a very attractive valuation, but the same can't be said for Tesla stock.

Uber's price-to-sales (P/S) ratio is just 2.7 as I write this, which is a discount to its long-term average of 4.1 dating back to when the company went public in 2019. It also means Uber is much cheaper than the Nasdaq-100 technology index, which has a P/S ratio of 6.3.

UBER PS Ratio data by YCharts

Tesla's P/S ratio of 13.6 is 5 times higher than Uber's, and double that of the Nasdaq-100. Many investors are backing Tesla because of the potential of its Cybercab robotaxi and its Optimus humanoid robot. But in my opinion, its valuation doesn't accurately reflect the risks associated with commercializing these products, which means its stock could suffer a sharp correction if they run into any speed bumps.

As a result, I think Uber stock is a much better buy than Tesla stock as the autonomous revolution ramps up.

Amazon (AMZN -4.57%) fell about 4.6% on Thursday, and the company itself didn't report a thing. Most of the selling traces to other companies' earnings reports, though a new Senate inquiry into the company's marketplace added to the pressure. Alphabet bumped its 2026 capital spending plan to as high as $205 billion on Wednesday, and Tesla told investors its own capital spending will exceed $25 billion this year. Big tech fell broadly on the news, with all of the "Magnificent Seven" megacap stocks trading lower.

Amazon got caught in that downdraft for a specific reason. It has an AI (artificial intelligence) spending plan as big as any of them, at about $200 billion in expected capital expenditures for 2026. Alphabet's guidance raise arrived alongside negative free cash flow, and together they reminded investors that these budgets can still grow. Amazon reports its second-quarter results on July 30. The market spent Thursday pricing in the possibility that its number moves meaningfully higher, too.

Image source: Amazon.

The concern isn't hypothetical. Amazon's free cash flow for the trailing 12 months had already fallen to $1.2 billion as of the first quarter. A year earlier, that figure was $25.9 billion.

Today's Change

(

-4.57

%) $

-11.19

Current Price

$

233.66

But the other side of the ledger is growing, too. Amazon Web Services, the company's cloud computing business, grew revenue 28% year over year in the first quarter to $37.6 billion. That was its fastest growth in 15 quarters, and an acceleration from 24% the quarter before. The spending is buying acceleration, at least so far.

The stock now sits 16% under its 52-week high of $278.56. And it trades at about 29 times earnings, arguably a modest multiple next to several of its megacap peers.

What could override Thursday's worry on July 30 is straightforward: AWS growth accelerating even more, and a capital spending plan that doesn't lurch higher.

Daniel Sparks has clients with positions in Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, and Tesla. The Motley Fool has a disclosure policy.

Nvidia (NVDA -1.56%) has been on an incredible run in recent years. Shares have skyrocketed 978% since late July 2021 (as of July 22), a gain no investor can complain about.

But this leading artificial intelligence (AI) stock has slowed down. It's up 12% in 2026, barely beating the S&P 500 index. Investors have come to expect more from Nvidia. Here's what its muted performance so far this year might suggest.

Image source: The Motley Fool.

How durable is Nvidia's success? To be clear, a 12% price gain in less than seven months isn't anything to be disappointed by. It's just that because the stock rose 39% in 2025, 171% in 2024, and 239% in 2023, the investment community -- which has been primed to have persistently high expectations -- might be worried that slower returns are a sign of what's to come. It's impossible to know if this is the case, though.

Nvidia's business continues to fire on all cylinders. Revenue surged 85% year over year in the 2026 second quarter (ended April 26) to $81.6 billion, establishing a fresh record. Demand is off the charts, as hyperscalers keep spending aggressively to build data centers for AI training and inference. The innovation pipeline is robust, and the company's profitability is incredible.

According to management, the future could not be brighter. "AI infrastructure spending is on track to reach $3 trillion to $4 trillion annually by the end of this decade," chief financial officer Colette Kress said on the latest earnings call. As long as the AI spending boom continues, Nvidia will benefit.

Today's Change

(

-1.56

%) $

-3.31

Current Price

$

208.75

But that draws attention to what may be the biggest question the market has. And this relates to the durability of its success. The hyperscalers are developing their own custom chips in-house to lessen their dependence on Nvidia's powerful graphics processing units (GPUs). Even though the demand is strong today, this introduces a long-term risk as Nvidia's most important customers seek an exit strategy.

What's more, AI-related capital expenditures could drastically come down if the ultimate returns don't live up to expectations. This is a huge unknown.

Wall Street also expects sales gains to decelerate. Sell-side consensus estimates call for revenue to increase 219% between fiscal 2026 and fiscal 2029, a significantly slower pace than the 700% reported in the prior three years.

This AI stock's valuation is compelling Nvidia shares currently trade 10% off their peak, as investors take a breather. The valuation is very compelling: The stock can be bought right now at a forward price-to-earnings ratio of 23.6, representing a small 10% premium to the S&P 500 index.

It might be too hard to pass on buying this AI stock, even incorporating the risks mentioned.

American Express enters Friday’s earnings report with options traders preparing for an almost $12 swing in its shares, but positioning offers little agreement over direction.

The split reflects unusually balanced fear of disappointment and hope for upside.

Contracts expiring on July 24 imply a move of about 3.5%, based on a snapshot taken when the stock traded near $341.89.

American Express stock NYSE:AXP later closed Thursday at $340.84, down 2.3%. The figure therefore represents the expected magnitude of the reaction, not a forecast that the shares will rise or fall.

The company is due to release results at about 7 am ET, followed by an earnings call at 8:30 am ET.

The implied move comes from the $342.50 at-the-money straddle.

The call traded near $6, while the corresponding put cost $5.97, producing a combined premium of $11.97 and an estimated range of roughly $329.92 to $353.86.

Activity elsewhere in the chain shows the same two-sided tension.

Nearly 1,000 puts traded at the $330 strike and more than 500 changed hands at $335, pointing to demand for downside protection.

Call volume exceeded 1,900 contracts at $350 and 2,200 at $352.50, suggesting traders were also positioning for a breakout.

That does not guarantee volatility buyers will profit.

If American Express stays inside the implied range, the earnings premium embedded in both calls and puts could collapse after the announcement.

Wall Street expects second-quarter earnings of about $4.40 a share and revenue near $19.69 billion.

Those figures provide the first test, but management’s outlook for spending, credit and costs is likely to drive the larger reaction.

Evercore ISI analyst John Pancari raised his price target to $380 from $345 while retaining an In Line rating.

TipRanks reported that Pancari sees “forward guidance” as the key focus while interest rates remain higher for longer.

American Express entered the quarter forecasting 2026 revenue growth of 9% to 10% and earnings of $17.30 to $17.90 a share.

A change to either range could push the stock beyond the options-implied band.

The company must also control expenses.

First-quarter costs rose as rewards, customer benefits and marketing investments increased, supporting engagement but potentially pressuring margins if revenue growth slows.

American Express’s premium cardholder base remains the strongest argument for an upside surprise.

First-quarter cardmember spending rose 9% on a currency-adjusted basis, while revenue increased 11% to $18.9 billion.

JPMorgan analyst Richard Shane upgraded the shares to Overweight and lifted his target to $400 from $328.

He views high-income customers as “relatively shielded” from the Middle East crisis and American Express as exposure to the “most insulated cohort in consumer finance.”

Investors will watch billed-business growth, travel and entertainment spending, card-fee income, customer acquisition and credit quality for evidence that this resilience is holding.

The valuation debate remains unresolved.

American Express carries a Moderate Buy consensus, but BTIG analyst Vincent Caintic retained a Sell rating despite lifting his target to $324 from $285.

His target remains below Thursday’s close, showing that stronger earnings do not automatically make the shares inexpensive.

General Mills is rated Strong Buy, with compelling valuation and a solid cost-saving strategy despite rising macro risks. GIS targets $3 billion in cumulative cost savings by FY30, prioritizing balance sheet improvements and limiting buybacks to offset dilution. FY27 guidance anticipates organic net sales down 1.5% to up 0.5%, with Adj. Operating Profit declining 8–13%, mainly due to non-recurring factors.

TL;DR: Gold and Silver tumbled as markets returned to the oil-rates relationship that governed Q2, with Brent above $100 and 10-year Treasury yields above 4.7% restoring pressure on the metals — leaving their next move hostage to Trump’s binary decision on Iran.

Why This Matters Gold and Silver tumbled as markets returned to trading precious metals through the oil-rates relationship that governed markets in Q2. Brent’s move above $100 lifted inflation expectations, while the US 10-year Treasury yield surged beyond 4.7%. Investors responded by extending higher-for-longer Fed pricing, restoring pressure on non-yielding assets after a brief period in which geopolitical demand had insulated them from rising yields.

That earlier resilience this week now looks like a temporary anomaly rather than a durable shift in intermarket relationships. Attention has moved from the war itself to the economic consequences of the war. Higher oil threatens to keep inflation elevated, stronger inflation would push the Fed toward tightening, and rising Treasury yields increase the relative appeal of interest-bearing assets over Gold and Silver.

Trump’s Binary Choice on Iran With that relationship restored, Gold and Silver are now highly exposed to US President Donald Trump’s next decision on Iran. As the conflict enters its fifth month without a clear end in sight, Trump is reportedly becoming increasingly frustrated and impatient, and leaning toward greater use of force rather than extended diplomacy. Additional US forces, medical units, and weaponry are also being moved into the region, increasing the risk that the next step will be dramatic rather than incremental.

Trump appears to face an binary choice: a major military escalation, potentially including deployment of ground forces, or a negotiated settlement. Either outcome could produce an abrupt move in oil. What matters for precious metals is that the current oil-rates transmission is likely to remain intact, amplifying Gold and Silver’s response in either direction.

Escalation scenario: Stronger oil would lift inflation expectations, reinforce expectations that the Fed must keep rates high, and push Treasury yields higher — intensifying pressure on Gold and Silver and potentially accelerating their declines. Settlement scenario: Falling oil would ease inflation concerns and drag yields lower, creating conditions for a strong rebound in both metals. Direction therefore depends on Trump’s choice, but the current macro relationship points to a clear transmission in either scenario.

ActionForex’s Technical View on Gold Gold’s rebound from 3,959.42 to 4,166.08 this week looks more like another leg within the triangle consolidation from 3,942.23 than the start of a sustained recovery. Price is still well below the falling 55-day EMA, reinforcing the view that the decline from 4,889.24 is not complete. An eventual break of 3,942.23 is favored, targeting the 38.2% projection of 4,889.24 to 3,942.23 from 4,166.08 at 3,804.32, followed by the 61.8% projection at 3,580.82. Even in the case of another rebound, the outlook will stay bearish while the 38.2% retracement at 4,303.98 holds.

ActionForex’s Technical View on Silver Silver’s rebound from 54.77 was slightly stronger than expected, but it remained well below the 63.25 structural resistance and comfortably under the falling 55-day EMA. Another decline through 54.77 is still expected, with the $50 psychological level the next target. That area is close to the 76.4% retracement of 28.28 to 121.83 at 50.35. A break of 63.25 is needed to provide the first sign of bottoming; otherwise, downside risk will continue to dominate.

Key Takeaways The oil-rates relationship that drove Q2 trading has reasserted itself, ending the brief window in which geopolitical demand insulated Gold and Silver from rising yields. Brent above $100 and 10-year yields above 4.7% are the two levers now driving precious metals sentiment. Trump’s Iran decision is effectively binary — escalation or settlement — and both scenarios transmit cleanly into oil, yields, and metals. Gold’s structure favors an eventual break of 3,942.23, targeting 3,804.32 and then 3,580.82, while 4,303.98 caps any bullish reassessment. Silver needs a break of 63.25 to signal bottoming; until then, $50 remains the next downside target.

ActionForex

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

Many investors are debating whether Micron (MU +2.51%) stock is an attractive purchase for long-term investment.

*Stock prices used were the afternoon prices of July 21, 2026. The video was published on July 23, 2026.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

The Market Is Selling Everything, but These 5 Stocks Aren't Breaking DownThermo Fisher Scientific NYSE: TMO reported stronger-than-expected second-quarter 2026 results and raised its full-year outlook, citing improving customer activity across end markets, broad-based growth and contributions from recent acquisitions.

Chairman and Chief Executive Officer Marc Casper said the company delivered an “outstanding quarter,” with revenue rising 10% to $11.99 billion. Adjusted operating income increased 15% to $2.73 billion, while adjusted operating margin expanded 90 basis points to 22.8%. Adjusted earnings per share grew 13% to $6.03.

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The Often-Missed Corner of Healthcare That Wall Street Is LovingChief Financial Officer Jim Meyer said the results were meaningfully ahead of the company’s prior assumptions. Revenue was about $300 million above previous guidance, helped by stronger organic growth, acquisitions and foreign exchange. Adjusted EPS was $0.30 ahead of prior guidance, which Meyer attributed to revenue pull-through, cost productivity and acquisition performance, including Clario.

Customer Activity Strengthens Across End Markets Thermo Fisher reported 5% organic revenue growth in the quarter. Casper said customer activity continued to improve across the company’s end markets, with particular strength in pharma and biotech, the company’s largest end market.

Sector Rotation: 2 Smart Money Moves for 2026In pharma and biotech, revenue grew in the mid-single digits, led by bioproduction, clinical research and the research and safety market channel. Casper said biotech spending improved and began translating into revenue after earlier signs of increased activity.

Academic and government revenue grew in the low single digits, driven by chromatography and mass spectrometry. Casper said the market is stabilizing, with strong adoption of new instruments globally and U.S. academic and government revenue returning to growth, though he cautioned that the company is not yet calling it a sustained new trend.

Industrial and applied revenue grew in the mid-single digits, led by electron microscopy, chemical analysis and the research and safety market channel. Diagnostics and healthcare also grew in the mid-single digits, driven by the healthcare market channel and immunodiagnostics.

Segment Results Show Broad Growth Meyer said all four business segments contributed to the quarter’s performance. In Life Sciences Solutions, reported revenue increased 13%, while organic revenue grew 3%. Growth was led by bioproduction, which Meyer said had another quarter of excellent organic growth. Adjusted operating margin in the segment rose 20 basis points to 37.0%.

Analytical Instruments posted 7% growth on both a reported and organic basis. Meyer said all three businesses in the segment grew, led by electron microscopy. Adjusted operating income increased 30%, and adjusted operating margin expanded 420 basis points to 23.0%.

Specialty Diagnostics revenue increased 6% on a reported basis and 5% organically. Growth was led by the healthcare market channel, immunodiagnostics and transplant diagnostics. Adjusted operating margin rose 70 basis points to 27.7%.

Laboratory Products and Biopharma Services reported 12% revenue growth and 5% organic revenue growth. The research and safety market channel and clinical research business led growth. Adjusted operating margin increased 20 basis points to 14.0%.

Innovation and Acquisitions Remain Key Priorities Casper highlighted several product launches during the quarter, including next-generation Orbitrap platforms and AI-driven capabilities introduced at the American Society for Mass Spectrometry conference. He pointed to the Thermo Scientific Orbitrap Tribrid Apex Mass Spectrometer and Orbitrap Excedion Mass Spectrometer as tools designed to support research and drug development applications.

The company also launched the Thermo Scientific Vanquish Amplify UHPLC system and the Applied Biosystems PowerFlex Thermal Cycler. Casper said customer adoption of recent innovations has been strong, particularly in analytical instruments.

Thermo Fisher also discussed progress integrating recent acquisitions. Casper said the Clario acquisition, completed in late March, delivered a strong second quarter, with integration progressing smoothly and revenue synergy opportunities building. He said the filtration and separation business also continues to perform well, with positive customer feedback and strong demand.

The company also expects to close the divestiture of its microbiology business in the third quarter. Meyer said the transaction is expected to reduce 2026 revenue by about $200 million, net of the retained channel business, and reduce 2026 adjusted EPS by $0.05. Thermo Fisher used anticipated net proceeds from the transaction to repurchase $1 billion of shares in the second quarter.

Full-Year Guidance Raised Thermo Fisher raised its 2026 revenue guidance to a range of $47.4 billion to $48.1 billion, representing 6% to 8% reported revenue growth over 2025. The company now expects full-year organic revenue growth of about 4%, at the upper end of its 3% to 4% guidance range.

The company also increased adjusted EPS guidance to a range of $24.93 to $25.33, representing 9% to 11% growth over 2025 and a $0.25 increase at the midpoint from prior guidance.

Meyer said the revised EPS midpoint reflects $0.30 from second-quarter outperformance and $0.05 from a higher second-half revenue outlook, partially offset by a $0.05 impact from the microbiology divestiture and a $0.05 foreign exchange headwind in the second half.

Thermo Fisher now expects acquisitions to contribute $1.6 billion of revenue and $0.32 of adjusted EPS for the year. The company continues to expect free cash flow of $6.9 billion to $7.4 billion and net capital expenditures of $1.9 billion to $2.1 billion.

Management Cites Pharma, Biotech and China Improvement During the question-and-answer session, Casper said the improved second-half outlook is primarily driven by pharma and biotech. He said clinical research had an excellent quarter, with strong organic revenue growth and authorizations, while pharma services delivered modest growth in line with expectations and is expected to strengthen in the second half based on production schedules and customer campaigns.

Casper also said China, which represents about 7.5% of company revenue, returned to low-single-digit growth. He said growth there was driven by pharma and biotech as well as industrial and applied markets, while academic and government demand in China remained muted.

On bioproduction, Casper said Thermo Fisher’s position across upstream and downstream workflows supported the strong quarter. He noted leadership in cell culture media and single-use technologies, a growing purification position and added filtration capabilities from the Solventum filtration and separation acquisition.

Casper closed the call by saying Thermo Fisher is “on track to deliver a strong year” as it continues to execute its growth strategy and manage the business through innovation, acquisitions and capital returns.

About Thermo Fisher Scientific (NYSE:TMO)Thermo Fisher Scientific NYSE: TMO is a global provider of scientific instrumentation, reagents and consumables, software, and services that support research, clinical, and industrial laboratories. The company supplies analytical instruments and laboratory equipment, life sciences reagents and kits, specialty diagnostics, and a broad range of consumables used by researchers, clinicians, and manufacturers. Its offerings also include laboratory information management and data-analysis software, as well as service solutions such as instrument maintenance, validation, and logistics that help customers run complex workflows efficiently.

Thermo Fisher operates through multiple business areas that broadly cover life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services, including contract development and manufacturing for pharmaceutical and biotechnology companies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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HBSS Alerts Roblox Corporation (RBLX) Investors to Expanded Class Period; Lead Plaintiff Deadline Remains August 7, 2026 PR New

EUR/JPY extends its gains for the fourth consecutive day, trading around 186.50 during the Asian hours on Friday. The currency cross is maintaining a bullish near-term bias as price holds above both the nine-period and 50-period Exponential Moving Averages (EMAs). The positioning above these trend filters, together with a 14-day Relative Strength Index (RSI) around 60, suggests constructive upside momentum while stopping short of overbought territory.

The daily chart technical analysis shows an ascending triangle has morphed into a rising wedge, signaling a shift from bullish accumulation to market exhaustion, typically indicating a strong bearish reversal risk.

The EUR/JPY cross is positioned within the rising wedge, with targeting the upper boundary around 186.80. Further advances would support the currency cross to navigate the region around the all-time high of 187.95, which was recorded on April 17.

On the downside, the initial support lies at the nine-day EMA of 185.94, with additional backing at the 50-day EMA of 185.26, aligned with the lower boundary of the rising wedge. Further declines below the wedge put downward pressure on the EUR/JPY cross to navigate the region around the five-month low of 181.87, recorded on March 16, and the seven-month low of 180.81.

EUR/JPY: Daily Chart(The technical analysis of this story was written with the help of an AI tool. Know more.)

Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.

USDEURGBPJPYCADAUDNZDCHFUSD-0.09%0.00%-0.03%-0.06%-0.08%-0.12%0.03%EUR0.09%0.06%0.02%-0.02%-0.06%-0.09%0.06%GBP-0.01%-0.06%-0.02%-0.07%-0.11%-0.12%0.01%JPY0.03%-0.02%0.02%-0.02%-0.07%-0.09%0.04%CAD0.06%0.02%0.07%0.02%-0.04%-0.08%0.07%AUD0.08%0.06%0.11%0.07%0.04%-0.02%0.09%NZD0.12%0.09%0.12%0.09%0.08%0.02%0.13%CHF-0.03%-0.06%-0.01%-0.04%-0.07%-0.09%-0.13% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Americký farmaceutický gigant Eli Lilly oddálil termín podání žádosti o schválení retatrutidu, nové generace léku na obezitu. Zatímco dříve firma počítala s možností předložit registraci už letos, tak nyní očekává podání dokumentace v prvním čtvrtletí příštího roku. Důvodem je potřeba dokončit shromažďování a ověřování výrobních a kvalitativních dat, která požadují regulační úřady.

Odklad přichází navzdory tomu, že retatrutid dosáhl pozitivních výsledků ve dvou dalších klinických studiích třetí fáze. Podle společnosti léčba vedla k výraznému úbytku hmotnosti i zlepšení kontroly hladiny krevního cukru u pacientů s obezitou a závažnými přidruženými onemocněními, včetně diabetu 2. typu a kardiovaskulárních chorob.

V jedné ze studií dosáhli pacienti, kteří trpí obezitou a diabetem 2. typu, po 80 týdnech léčby průměrného snížení tělesné hmotnosti až o 20,8 procenta, což odpovídá přibližně 23 kilogramům. Právě tato skupina pacientů přitom obvykle mívá s hubnutím největší problémy, upozorňuje server CNBC.

Druhá studie sledovala osoby s těžkou obezitou a potvrzeným kardiovaskulárním onemocněním, ať už s diabetem či bez něj. V této skupině vedla léčba k průměrnému úbytku hmotnosti až o 22,6 procenta neboli o více než 25 kilogramů během 80 týdnů. Eli Lilly zároveň uvedla, že přípravek příznivě ovlivnil vybrané rizikové faktory související s kardiovaskulárními onemocněními.

Bezpečnostní profil přípravku podávaného injekčně jednou týdně podle společnosti odpovídá předchozím studiím. Nejčastěji hlášenými nežádoucími účinky byly průjem, nevolnost a zácpa. Jde o vedlejší účinky běžně spojované s celou skupinou léků založených na působení hormonů GLP-1.

Trojitý agonista

Retatrutid funguje jako trojitý agonista receptorů GLP-1, GIP a glukagonu, což je rozdíl oproti současné generaci léků založených na látce tirzepatid (GLP-1 a GIP), kterou obsahují léky Mounjaro a Zepbound. Právě kombinace hned tří mechanismů by podle dosavadních dat mohla přinášet výraznější účinek na regulaci chuti k jídlu i pocit nasycení než momentálně dostupné terapie.

Pro Eli Lilly představuje retatrutid klíčový přípravek ve snaze udržet si většinu tržního podílu před dánským konkurentem Novo Nordiskem na rostoucím trhu s léky na hubnutí a diabetes.

Analytici společnosti TD Cowen letos odhadli, že roční tržby retatrutidu by mohly do roku 2030 dosáhnout přibližně 3,8 miliardy dolarů.

New York, New York--(Newsfile Corp. - July 23, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Zoetis Inc. (NYSE: ZTS) between January 14, 2025 and May 6, 2026, inclusive (the "Class Period"), of the important July 27, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Zoetis securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Zoetis class action, go to https://rosenlegal.com/cases/zoetis-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and touted growing market share, strong veterinarian adoption, and accelerating sales growth across Zoetis' flagship Companion Animal products and/or failed to disclose that: (1) veterinarian prescription growth and adoption of Zoetis' Librela, a canine pain treatment, were sharply weakening as clinicians became more cautious following FDA safety warnings concerning serious neurological complications in dogs; (2) Zoetis' Simparica Trio was losing significant market share to a lower priced competing canine parasiticide with broader indicated use in a slowing overall market; and (3) Zoetis' dermatology products, Apoquel and Cytopoint, were losing substantial market share to a newly launched competing canine treatment. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Zoetis class action, go to https://rosenlegal.com/cases/zoetis-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306332

Source: The Rosen Law Firm PA

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The 3 Biggest M&A Stock Opportunities for 2025United Rentals NYSE: URI reported record second-quarter revenue and earnings while raising its 2026 outlook, as management said large projects and specialty rental demand continued to run ahead of expectations.

President and CEO Matt Flannery said the company’s growth “accelerated in the quarter,” supported by customers that “remain optimistic, particularly around large projects,” along with continued cost discipline. He said the company’s equipment breadth, technology, service levels and safety focus continue to differentiate United Rentals in the market.

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3 large caps near 52-week lows with large dividendsTotal revenue rose 12% year over year to $4.4 billion, while rental revenue increased nearly 13% to $3.8 billion. Both were quarterly records, according to Flannery. Adjusted EBITDA was just over $2 billion, representing a margin of 46.6%, and adjusted earnings per share were $12.76, up 22% from a year earlier and also a quarterly record.

Large Projects and Specialty Rentals Drive Growth Flannery said United Rentals saw growth in both its General Rentals and specialty businesses. Specialty rental revenue increased 25% year over year, with growth across all lines of business and 11 cold starts during the quarter.

3 Compelling Cyclical Stocks to Buy NowBy vertical, Flannery said construction posted strong growth, led by nonresidential and infrastructure activity. On the industrial side, power continued to deliver double-digit growth, while metals and minerals also grew at a healthy pace. He said project activity started in a range of end markets, including hospitals, airports and LNG terminals, while data centers remained a source of growth.

During the question-and-answer portion of the call, Flannery said the major project pipeline was “stronger and deeper,” citing activity tied to power, semiconductor projects, infrastructure, airports, stadiums and pharmaceuticals. He also said semiconductor-related work and power projects accelerated in the second quarter.

Local markets, by contrast, were described as stable with modest growth. Flannery said local customer activity grew in the low single digits and suggested that lower interest rates, residential construction growth and renewed small-business investment could help spur broader local market improvement.

Fleet Productivity, CapEx and Used Equipment Sales Fleet productivity contributed 3.4% to original equipment rental, or OER, growth of 9% in the quarter, Flannery said. CFO Ted Grace said OER increased by $246 million, driven by 7.1% growth in average fleet size and fleet productivity of 3.4%, partially offset by assumed fleet inflation of 1.5%.

Ancillary and re-rent revenue grew nearly 28%, adding a combined $188 million, Grace said. He noted that the company has been able to pass through higher fuel and delivery costs, though those revenues brought limited incremental margin dollars.

United Rentals sold $624 million of original equipment cost, or OEC, in the used market during the quarter, generating $330 million in proceeds, an adjusted margin of 47.3% and a 52.9% recovery rate. Flannery said the company remains on track to sell approximately $2.8 billion of fleet this year, supported by strong used equipment demand.

The company spent nearly $2.1 billion on gross rental capital expenditures in the second quarter and $2.9 billion year to date, exceeding its initial expectations. Flannery said the demand environment is outpacing the company’s original expectations, and the company is operating at “historically high time utilizations.”

In response to analyst questions, Flannery said United Rentals would not add fleet simply to chase late-2026 revenue. He said the company has confidence in the large project pipeline carrying into next year, though management did not provide 2027 guidance.

Margins and Cost Controls Remain in Focus Grace said adjusted EBITDA, excluding a $49 million net benefit from the sale of the company’s scaffolding business, increased $197 million year over year to a second-quarter record of just over $2 billion. The increase was primarily driven by a $231 million increase in rental gross profit and a $3 million increase in used gross profit. Selling, general and administrative expense rose $39 million but was flat as a percentage of revenue.

On an as-reported basis, second-quarter adjusted EBITDA margin increased 70 basis points year over year. Excluding the scaffolding gain and the outsized growth in ancillary and re-rent revenue, Grace said margins increased 40 basis points year over year, which he said provided a better view of core cost performance.

Management fielded several analyst questions about delivery, repositioning, labor and repair costs. Grace said the company’s core cost categories of labor, delivery and repair and maintenance showed positive absorption year to date and in the second quarter. Flannery said the company has changed processes and increased coordination to better manage delivery and repositioning costs, despite higher fuel costs.

Grace said higher internal fuel costs represented an incremental 20 to 30 basis points of year-over-year headwind in the quarter. He also said the company realized approximately $12 million of second-quarter benefit from restructuring activities and remains on track for $45 million to $50 million of realized savings in 2026.

Guidance Raised for 2026 United Rentals raised its full-year 2026 guidance, with management saying demand continued to exceed expectations as the company progressed through its busy season.

Total revenue: Now expected between $17.5 billion and $17.8 billion, up $500 million from prior guidance. Adjusted EBITDA: Raised by $300 million to a range of $7.975 billion to $8.125 billion. Gross rental CapEx: Increased by $450 million to a range of $4.85 billion to $5.25 billion. Net CapEx: Expected between $3.4 billion and $3.8 billion. Free cash flow: Reaffirmed at $2.15 billion to $2.45 billion. Used equipment sales: Still expected around $1.45 billion. Grace said the updated outlook implies full-year growth excluding used sales of more than 10% at the midpoint, compared with original guidance closer to 6%. He said the company still expects to maintain flat margins year over year while bringing revenue growth to the bottom line.

Balance Sheet and Capital Returns United Rentals generated nearly $1.2 billion of free cash flow year to date after funding growth, according to Flannery. Grace said return on invested capital was 11.8%, remaining above the company’s weighted average cost of capital.

Net leverage was 1.8 times at the end of June, within the company’s target range of 1.5 times to 2.5 times, and total liquidity was nearly $3 billion. Grace said S&P recently raised the company’s credit outlook to positive from stable, with the potential for an upgrade from high yield to investment grade within the next 12 months.

Grace said a potential investment-grade rating would not change United Rentals’ capital allocation strategy, adding that management believes the company can pursue an upgrade without constraining its ability to execute on mergers and acquisitions.

The company returned nearly $500 million to shareholders during the quarter through share repurchases and dividends. Year to date, it has returned $998 million, including $750 million through repurchases and $248 million through dividends. Grace said United Rentals still intends to repurchase $1.5 billion of shares in 2026, and combined with the dividend, expects to return roughly $2 billion to shareholders this year.

Flannery said the M&A pipeline remains “robust,” with opportunities across deal sizes. He said specialty rental offerings and new product areas remain priorities, while the company also continues to evaluate deals that could fill geographic or product gaps.

About United Rentals (NYSE:URI)United Rentals, Inc NYSE: URI is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company's product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

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