HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced today that it has entered into an amendment to its senior secured revolving credit facility (“Credit Facility”) to, among other things, increase the commitments from $215 million to $345 million and extend the maturity date from April 2027 to July 2031. The Credit Facility includes the ability to upsize by an additional $85 million and letter of credit availability of $150 million.
Mike Sumruld, Oceaneering’s Senior Vice President and Chief Financial Officer, stated, "We are pleased to announce this amendment to our revolving credit facility, which provides additional financial flexibility to support our ongoing operations, strategic priorities, and growth initiatives. We appreciate the continued support of our bank group, which includes both long-standing relationship banks and new participating lenders."
About Oceaneering
Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.
For more information, please visit www.oceaneering.com.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES) will issue its Second-quarter earnings release before the market opens on Friday, July 31, 2026. Management will host a webcast and conference call on the same day at 10:00 a.m. Eastern time to discuss Gates Industrial's financial results. The conference call can be accessed as follows:
By dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation Second-Quarter 2026 Earnings Conference Call or providing the Conference ID of 5772067. Live webcast accessed through Gates Industrial's website at investors.gates.com. An audio replay of the conference call will be available from approximately 1:00 p.m. Eastern time on July 31, 2026, until 11:59 p.m. Eastern time on August 7, 2026, and can be accessed domestically or internationally by dialing (800) 770-2030 or +1 (647) 362-9199, respectively, and providing the passcode 5772067, or by accessing Gates Industrial's website at investors.gates.com.
About Gates Industrial Corporation plc
Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse aftermarket channel customers, and to OEMs as specified components. Gates participates in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries to everyday consumer applications, including virtually every form of transportation. Our products are sold in more than 130 countries across our three commercial regions: the Americas; Europe, Middle East & Africa; Asia-Pacific.
LAS VEGAS & RENO, Nev.--(BUSINESS WIRE)--Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”, “the Company”) will release its financial results for the second quarter after the market closes on Tuesday, July 28, 2026. Considering the Company's pending merger agreement with Fertitta Entertainment announced on May 28, 2026, Caesars will not host an earnings call this quarter. Upon completion of the proposed merger agreement, Caesars' common stock will no longer be listed on NASDAQ, and the Compan.
July 06, 2026 16:30 ET | Source: Cal-Maine Foods, Inc.
RIDGELAND, Miss., July 06, 2026 (GLOBE NEWSWIRE) -- Cal-Maine Foods, Inc. (Nasdaq: CALM), the largest egg company in the United States and a leading player in the egg-based food industry, today announced it will report results for its fourth quarter and fiscal year 2026 at approximately 6:00 a.m. ET on Wednesday, July 22, 2026. The earnings release will be available on the Cal-Maine Foods website at https://www.calmainefoods.com/press-releases.
Management will review the results during a conference call and webcast at 9:00 a.m. ET the same day. Participants can access the live webcast on the Investor Relations page of the Cal-Maine Foods website at https://www.calmainefoods.com/events-presentations.
To join by telephone, participants can register in advance here. Upon registering, participants will receive the dial-in info and a unique PIN to join the call, as well as an email confirmation with the details.
A replay of the webcast will be available following the call on the Investor Relations page of the Cal-Maine Foods website at https://www.calmainefoods.com/events-presentations.
About Cal-Maine Foods
Cal-Maine Foods, Inc. (Nasdaq: CALM) is the largest egg company in the United States and a leading player in the egg-based food industry. With a strong national footprint, Cal-Maine Foods provides nutritious, affordable, and sustainable protein to millions of households every day.
The company’s portfolio spans the full egg value ladder—from conventional to specialty, including cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced—serving both retail and foodservice customers nationwide. Cal-Maine Foods also participates in the growing prepared foods sector, with offerings such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, pancakes, waffles, and specialty wraps. Its branded portfolio includes Eggland’s Best®, Land O’Lakes®, Farmhouse Eggs®, 4Grain®, Sunups®, Sunny Meadow®, MeadowCreek Foods®, Van’s®, and Crepini®.
Headquartered in Ridgeland, Mississippi, Cal-Maine’s strategy combines scale, operational excellence, and financial discipline with a commitment to innovation and sustainability, to enable the company to deliver trusted nutrition, enduring partnerships, and long-term value for its stakeholders.
As you can see on the chart below, the $171 level has been important for Atlanta-based Equifax.
In February, the shares were in a steep decline. The selloff ended when it reached this important level.
When this happened, some investors and traders who sold around $171 regretted it. A number of them decided that, if they could, they would buy back their shares at their selling price.
As a result, when the stock dropped back to this price in late March, these people placed buy orders. The large number of these orders created support.
When the shares rallied after, a similar dynamic occurred. Remorseful sellers created support when Equifax dropped back to $171 in April.
This support was broken in May.
When this happened, many of the investors and traders who bought shares at around $171 came to think their decision to do so was a mistake. A number of them decided to hold onto their losing positions.
But they also decided that, if they could do so eventually, they would exit their positions at break-even. Now that Equifax has rallied back to $171, these remorseful buyers are placing sell orders.
These sell orders have created resistance at a price that had been support.
In the financial markets, certain price levels have more importance than others. These are called support and resistance levels.
Good traders can identify these levels. They know when a stock reaches one of them, it will typically reverse or break through.
When trends change and important levels break, traders can find opportunities to profit.
Image: Shutterstock
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STUART, Fla.--(BUSINESS WIRE)--Seacoast Banking Corporation of Florida (NASDAQ: SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release second quarter 2026 results on July 28th, after the market closes. Upon release, investors may access a copy of Seacoast's earnings results at the company's website www.SeacoastBanking.com on the home page by selecting “Press Releases” under the heading “News/Events.” Seacoast will host a conference call July 29th.
DAVIDSON, N.C.--(BUSINESS WIRE)---- $CW--Curtiss-Wright announced $80M, multi-year investment; expand operations via internal investments, state support and maritime industrial base funding.
July 06, 2026 16:05 ET | Source: Sprout Social, Inc
CHICAGO, July 06, 2026 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social”, the “Company”) (NASDAQ: SPT), a leading AI-powered Social Intelligence Platform, today announced that it will report its financial results for the second quarter ending June 30, 2026 after market close on Thursday, August 6, 2026.
The Company’s second quarter 2026 financial results and business highlights will be discussed on a conference call via webcast scheduled at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on Thursday, August 6, 2026. Online registration for the webcast can be found at https://events.q4inc.com/analyst/716300445?pwd=oLu9g49Z. The live audio webcast and investor presentation can be accessed from Sprout Social’s Investors website at http://investors.sproutsocial.com.
While not all of the information that the Company posts to the Sprout Social Investors website or to social media profiles is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media, and others interested in Sprout Social to review the information that it shares at the Investors link located at the bottom of the page on www.sproutsocial.com and to regularly follow our social media profiles. Users may automatically receive email alerts and other information about Sprout Social when enrolling an email address by visiting "Email Alerts" in the "Shareholder Services" section of Sprout Social's Investor website at https://investors.sproutsocial.com/.
Following completion of the events, a webcast replay will also be available at http://investors.sproutsocial.com for 12 months.
About Sprout Social
Sprout Social is a leading AI-powered Social Intelligence Platform, built on the belief that All Business is Social℠. Powered by Trellis, Sprout’s proprietary AI agent, the platform is designed to transform real-time social media signals into actionable insights that drive business forward. Consistently recognized as a top software by G2, Sprout enables brands to deliver smarter, faster business impact through a suite of solutions including comprehensive publishing and engagement, customer care, influencer marketing, advocacy and predictive media intelligence. Sprout’s software operates across all major social networks and digital platforms. For more information about Sprout Social (NASDAQ: SPT), visit sproutsocial.com.
Availability of Information on Sprout Social’s Website and Social Media Profiles
Investors and others should note that Sprout Social routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the Sprout Social Investors website. We also intend to use the social media profiles listed below as a means of disclosing information about us to our customers, investors and the public.
HOUSTON, July 06, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced today their quarterly distributions with respect to the second quarter of 2026 and also announced timing of second quarter 2026 earnings.
Second Quarter Distribution Declaration
PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on August 14, 2026, to holders of the respective securities at the close of business on July 31, 2026:
PAA Common Units – $0.4175 per Common Unit ($1.67 per unit on an annualized basis), which is unchanged from the distribution paid in May 2026.PAGP Class A Shares – $0.4175 per Class A Share ($1.67 per Class A Share on an annualized basis), which is unchanged from the distribution paid in May 2026.PAA Series A Preferred Units – $0.61524 per Series A Preferred Unit (approximately $2.46 per unit on an annualized basis).
For its Series B Preferred Units, PAA announced a quarterly distribution of $20.50 per Series B Unit (based on the applicable quarterly floating rate), which will be payable on August 17, 2026, to holders of record at the close of business on August 3, 2026.
Although equity holders should consult their own tax advisor regarding their particular circumstances, following the close of the NGL asset sale, it is possible that PAGP will report positive current earnings and profits for the Tax Year 2026, making part of its Class A Share cash distribution taxable as a dividend. The transaction is not estimated to result in a material change in the previous forecast regarding when routine PAGP distributions will shift from being a return of capital to being taxed as dividends or when PAGP will become a taxpaying entity. Following payment of quarterly distributions, Plains will publish Form 8937, Report of Organizational Actions Affecting Basis of Securities to clarify the expected portion of the quarterly distribution that will be taxed as a dividend. In addition, to the extent any cash distribution exceeds a Class A Shareholder’s tax basis, it should be taxable as a capital gain. Qualified Notices under Treasury Regulation Section 1.1446 with respect to the PAA Common Unit distribution and PAA Series B Preferred Unit distribution will be posted on the Plains website under “Investor Relations – Unit Information.”
Second Quarter 2026 Earnings Timing
PAA and PAGP also announced that they will release second quarter 2026 earnings before market open on Friday, August 7, 2026. Following the announcement, PAA and PAGP will host a conference call at 9:00 a.m. CT (10 a.m. ET) with analysts and investors to discuss earnings. The call will be webcast live on the internet and may be accessed through the "Investors Relations” section of the website at www.plains.com. An audio replay will be available on the website after the call.
About Plains
PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services primarily for crude oil. PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada.
PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America.
PAA and PAGP are headquartered in Houston, Texas. More information is available at www.plains.com.
, /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that Mr. Ismael Guerrero is stepping down from his position as Chief Executive Officer of Recurrent Energy, the Company's global project development subsidiary. Mr. Dylan Marx has been appointed to assume leadership of the subsidiary, effective immediately.
To ensure a seamless transition, Mr. Guerrero will serve in a non-executive advisory capacity through December 31, 2026. Concurrently, Mr. Marx will step down from his role as Chief Operating Officer of Canadian Solar to focus on executing his new responsibilities at Recurrent Energy.
Colin Parkin, Chief Executive Officer of Canadian Solar, commented, "With more than 15 years of experience in global project development, Canadian Solar remains fully committed to supporting Recurrent Energy and working with our partners and stakeholders to generate long-term value.
Dylan's deep knowledge of Recurrent Energy's business, global perspective, and proven track record in operational oversight make him the right leader to guide Recurrent into its next phase. We thank Ismael for his service to the company and congratulate Dylan on his new appointment."
About Canadian Solar Inc.
Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 25 years, Canadian Solar has successfully delivered nearly 177 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar had shipped over 20 GWh of battery energy storage solutions to global markets as of March 31, 2026, and had a $3.5 billion contracted backlog as of May 8, 2026. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12.2 GWp of solar power projects and 6.4 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 24 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release, including those regarding the Company's expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "may", "will", "expect", "anticipate", "future", "ongoing", "continue", "intend", "plan", "potential", "prospect", "guidance", "believe", "estimate", "is/are likely to" or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 10, 2026. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations
Canadian Solar Inc.
[email protected]
EL DORADO, Ark.--(BUSINESS WIRE)--Murphy USA Inc. (NYSE: MUSA) will announce second quarter 2026 financial results along with management commentary after the market closes on Wednesday, August 5, 2026, followed by a question-and-answer session at 10:00 a.m. CT on Thursday, August 6, 2026. The earnings release information and management commentary will be available on the Investor Relations section of the Murphy USA website at http://ir.corporate.murphyusa.com.
The live Q&A webcast will begin at 10:00 a.m. CT on Thursday, August 6, 2026, and can be accessed through the same section of the website. For those unable to join via webcast, the conference call can be accessed by dialing (833) 461-5787 and entering conference ID number 407414209.
A replay of the webcast will be available approximately one hour after the live session concludes, and a transcript will be posted shortly thereafter.
About Murphy USA
Murphy USA (NYSE: MUSA) is a leading retailer of gasoline and convenience merchandise with more than 1,800 stores located primarily in the Southwest, Southeast, Midwest and Northeast United States. The Company and its team of approximately 16,900 employees serve an estimated two million customers each day through its network of retail gasoline and convenience stores in 27 states. The majority of Murphy USA's stores are located in close proximity to Walmart Supercenters, but we also operate standalone stores that market gasoline and other products under the Murphy USA, Murphy Express, and QuickChek brands. Murphy USA ranks 263 among Fortune 500 companies.
MIAMI, July 06, 2026 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the third fiscal quarter ended June 30, 2026 on Monday, August 10, 2026 after the close of the financial markets.
The Company will also host a conference call at 9:00 a.m. (Eastern Time) on Tuesday, August 11, 2026 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (800) 330-6710 approximately 5-10 minutes prior to the call. International callers should dial (646) 769-9200. All callers should reference conference ID #2261035 or PennantPark Floating Rate Capital Ltd. An archived replay will also be available on a webcast link located on the Quarterly Earnings page in the Investor section of PennantPark’s website.
ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.
ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC
PennantPark Investment Advisers, LLC is a leading middle market credit platform, and its affiliates, manage approximately $10 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles, Amsterdam and Zurich. For more information about PennantPark and affiliates, please go to our website at www.pennantpark.com.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.
CONTACT:
Richard T. Allorto, Jr.
PennantPark Floating Rate Capital Ltd.
(212) 905-1000
www.pennantpark.com
NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Tennant Company (NYSE: TNC) (“Tennant” or the “Company”) for potential violations of the federal securities laws.
On February 24, 2026, Tennant revealed that the rollout of its new ERP system in North America caused severe operational disruptions, including the inability to process and ship customer orders following the launch of the system. As a result, Tennant lost roughly $30 million in sales and would need to spend more than $20 million in 2026 to remediate the issues, compared to roughly $5 million the company had planned to spend.
This revelation came after Tennant repeatedly assured investors that the project was “progressing as we’ve anticipated,” was “on time and on budget,” and that the launch of the ERP in its Asia-Pacific region had been “successful,” with Tennant stating it had “mitigated disruptions and stabilized operations.”
This news caused the price of Tennant stock to drop $19.28 per share, more than 23%, from a closing price of $82.30 per share on February 23, 2026, to $63.02 per share on February 24, 2026.
“We urge Tennant investors to reach out and check their eligibility,” said Andrea Farah, Partner and Head of Securities Practice at Lowey Dannenberg, P.C. “Investors can either email us directly or check their eligibility on our case management platform, Claim Magic.”
If you suffered a loss in Tennant securities and wish to participate, check your eligibility through Lowey’s case management platform, https://claimmagic.com/cases/tennant-company. Alternatively, you can contact our attorneys Andrea Farah ([email protected]) at (914)733-7256 or Vincent R. Cappucci Jr. ([email protected]) at (914)733-7278.
About Lowey Dannenberg
Lowey Dannenberg is a national firm representing institutional and individual investors who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.
Attorney Advertising
Contact
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7256
Email: [email protected]
July 06, 2026 16:05 ET | Source: Intellia Therapeutics, Inc.
CAMBRIDGE, Mass., July 06, 2026 (GLOBE NEWSWIRE) -- Intellia Therapeutics, Inc. (Nasdaq: NTLA), a leading biopharmaceutical company focused on revolutionizing medicine leveraging CRISPR gene editing and other core technologies, today announced that on July 1, 2026, it awarded inducement grants to thirteen new employees under Intellia’s 2024 Inducement Plan, as amended, as a material inducement to employment.
The inducement grants consisted of time-based restricted stock units (“RSUs”) for an aggregate of 53,250 shares of Intellia’s common stock, with one-third of such RSUs vesting annually over three years. All equity vesting is subject to each employee’s continued service as an employee of, or other service provider to, Intellia through the applicable vesting dates.
All of the above-described awards were granted outside of Intellia’s stockholder-approved equity incentive plans pursuant to Intellia’s 2024 Inducement Plan, as amended, which was initially adopted by the board of directors in June 2024. These awards were approved by Intellia’s compensation committee as a material inducement to entering into employment with Intellia in accordance with Nasdaq Listing Rule 5635(c)(4).
About Intellia Therapeutics
Intellia Therapeutics, Inc. (Nasdaq: NTLA) is a leading clinical-stage biopharmaceutical company focused on revolutionizing medicine leveraging CRISPR gene editing and other core technologies. The company’s mission is to transform the lives of people with severe diseases by developing and commercializing potentially curative treatments. With deep scientific, technical and clinical development experience, Intellia aims to reset the standard for medicine by durably treating the root causes of disease. Learn more at intelliatx.com and follow us @intelliatx.
Investor Contact:
Jason Fredette
Vice President, Investor Relations and Corporate Communications
Intellia Therapeutics, Inc. [email protected]
Media Contact:
Mike Tattory
Vice President
LifeSci Communications [email protected]
BEAVERTON, Ore.--(BUSINESS WIRE)--Digimarc Corporation (NASDAQ: DMRC), a pioneer in digital identity and authentication solutions announced that effective today, July 6, 2026, Paul Carreiro has assumed the role of Chief Executive Officer and President following the Company's previously announced leadership transition. As Chief Executive Officer and President, Carreiro will lead Digimarc's strategy and operations as the Company advances its mission to build the trust layer for the modern world.
SummaryMeta Compute triggered a sharp valuation reset despite Nebius reiterating 3.5GW contracted power, a 4GW target, and continued supply-constrained demand.Management maintained its $7-9 billion ARR target while customers continue competing for GPUs, extending contracts, and increasing prepayments despite higher pricing.Historical valuation compressed from 11-14x forward ARR to roughly 8x, creating a disconnect despite more than $46 billion of hyperscaler commitments.I estimate a base-case fair value of approximately $300 by year-end, with upside to $375 if execution and additional commercial wins materialize. Sashkinw/iStock via Getty Images
My positive outlook on Nebius Group N.V. (NBIS) has never been based on the expectation that the hyperscalers would stay as permanent customers with no intentions to compete. Quite the contrary, I always thought that
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of NBIS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its second quarter 2026 financial results after the Nasdaq closes on Monday, August 3, 2026. On Tuesday, August 4, 2026 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Chris Bilotto, Chief Financial Officer and Treasurer Matthew Brown and Vice President Anthony Paula will host a conference call to discuss these results.
The conference call telephone number is (877) 329-4297. Participants calling from outside the United States and Canada should dial (412) 317-5435. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through 11:59 p.m. Eastern Time on Tuesday, August 11, 2026. To hear the replay, dial (855) 669-9658. The replay pass code is 4724843.
A live audio webcast of the conference call will also be available in a listen-only mode on the company’s website, which is located at www.dhcreit.com. Participants wanting to access the webcast should visit the company’s website about five minutes before the call. The archived webcast will be available for replay on the company’s website after the call.
About Diversified Healthcare Trust
DHC is a real estate investment trust focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location. As of March 31, 2026, DHC’s approximately $6.2 billion portfolio included 285 properties in 33 states and Washington, D.C., with 23,901 senior living units, approximately 5.6 million square feet of medical office and life science properties and occupied by approximately 250 tenants. DHC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of March 31, 2026 and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. DHC is headquartered in Newton, MA. For more information, visit www.dhcreit.com.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
July 06, 2026 16:05 ET | Source: Encore Capital Group, Inc.
SAN DIEGO, July 06, 2026 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the second quarter 2026 on Wednesday, August 5, 2026, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Tomas Hernanz, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, presenting and discussing the reported results.
Members of the public are invited to access the live webcast via the Internet by logging in on the Investor Relations page of Encore's website at www.encorecapital.com. To access the live conference call by telephone, please pre-register using this link. Registrants will receive confirmation with dial-in details.
For those who cannot listen to the live broadcast, a replay of the webcast will be available on the Company's website shortly after the call concludes.
About Encore Capital Group, Inc.
Encore Capital Group is an international specialty finance company that provides debt recovery solutions and other related services for consumers across a broad range of financial assets. Through its subsidiaries around the globe, Encore purchases portfolios of consumer receivables from major banks, credit unions, and utility providers.
Encore partners with individuals as they repay their debt obligations, helping them on the road to financial recovery and ultimately improving their economic well-being. Encore is the first and only company of its kind to operate with a Consumer Bill of Rights that provides industry-leading commitments to consumers. Headquartered in San Diego, Encore is a publicly traded NASDAQ Global Select company (ticker symbol: ECPG) and a component stock of the Russell 2000, the S&P Small Cap 600 and the Wilshire 4500. More information about the company can be found at www.encorecapital.com.
TORRANCE, Calif., July 06, 2026 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) today announced that it will report second quarter 2026 financial results on Monday, July 27, 2026, after the market close.
Navitas’ President and CEO, Chris Allexandre, and CFO, Tonya Stevens, will host a conference call at 2:00 p.m. Pacific Time to discuss the Company’s financial results and business outlook.
Analysts and investors are invited to join the conference call using the following information:
When: Monday, July 27, 2026
Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)
Toll Free Dial-in: 1-800-715-9871 or 646-307-1963
Conference ID: 1184638
Webcast and Slides: Click Here
Additionally, a live and archived audio webcast of the conference call as well as supporting presentation materials will be accessible from the Investor Relations section of the Company’s website at ir.navitassemi.com.
About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is a next-generation power semiconductor leader in gallium nitride (GaN) and IC integrated devices, and high-voltage silicon carbide (SiC) technology, driving innovation across AI data centers, energy and grid infrastructure, performance computing, and industrial electrification. With more than 30 years of combined expertise in wide bandgap technologies, GaNFast™ power ICs integrate GaN power, drive, control, sensing, and protection, delivering faster power delivery, higher system density, and greater efficiency. GeneSiC™ high-voltage SiC devices leverage patented trench-assisted planar technology to provide industry-leading voltage capability, efficiency, and reliability for medium-voltage grid and infrastructure applications. Navitas has over 300 patents issued or pending and is the world’s first semiconductor company to be CarbonNeutral®-certified.
Navitas Semiconductor, GaNFast, GaNSense, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited and affiliates. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
Shares of TeraWulf (NASDAQ:WULF) extended a powerful rally on Monday afternoon, separating the stock from its bitcoin-mining peers by a wide margin. WULF stock is up 4% today and up 95% year to date to $22.10, marking its most sustained rerating since going public.
The catalyst is a landmark 20-year lease with Anthropic, the private AI lab behind the Claude chatbot. Under the agreement, TeraWulf expects to generate about $19 billion in contracted revenue by building a purpose-built AI campus at its Justified Data site in Hawesville, Kentucky.
TeraWulf also agreed to sell its 50.1% stake in the Abernathy Texas joint venture with partner Fluidstack to a Fluidstack-led investor group, monetizing a roughly $450 million investment at a premium. Together, the two moves reframe TeraWulf from a Bitcoin (CRYPTO:BTC) proxy into a long-duration compute-infrastructure landlord.
Anthropic Anchors a New Revenue Base The Kentucky campus is engineered to support about 401 megawatts of critical IT load, with initial capacity expected online in the second half of 2027 and full capacity by early 2028. TeraWulf expects the lease to be supported by an investment-grade credit rating, a rare bar in the mining-turned-AI cohort.
TeraWulf CEO Paul Prager has been building toward this narrative for quarters. On the most recent earnings call, he stated, “We are building a power-advantaged platform that we believe is increasingly differentiated in a market constrained by access to power.” The Anthropic deal converts that pitch into a decades-long contracted cash-flow stream.
TeraWulf’s Q1 2026 results already showed the shift in real time. HPC lease revenue reached $21.02 million, over 60% of total revenue, while digital-asset mining slid to $12.99 million. Total platform contracted revenue already exceeds $13 billion before the new Anthropic agreement is layered in.
The company’s platform is targeting 250 to 500 megawatts of new critical IT capacity annually across sites in New York, Texas, Kentucky, and Maryland. That pipeline gives TeraWulf a runway to keep signing anchor tenants without leaning on bitcoin economics.
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AI-Pivot Miners Compared TeraWulf’s outperformance stands out sharply against peers pursuing the same transition. Cipher Mining (NASDAQ:CIFR) shares are up 44% year to date to $21.37, aided by 700 MW of contracted HPC capacity and leases tied to Fluidstack, Alphabet‘s (NASDAQ:GOOGL | GOOGL Price Prediction) Google, and Amazon (NASDAQ:AMZN) Web Services.
Applied Digital (NASDAQ:APLD) shares are up 37% year to date to $33.51, with a 200 MW hyperscaler lease anchoring its Polaris Forge 2 campus. Quarterly revenue rose 139% year over year (YoY) as the CoreWeave (NASDAQ:CRWV) build-out continues to ramp.
IREN (NASDAQ:IREN) shares are up 15% year to date to $43.59, the group laggard despite a $3.4 billion, five-year AI cloud contract with NVIDIA (NASDAQ:NVDA) and a reported $9.7 billion Microsoft (NASDAQ:MSFT) agreement. Access to grid-connected power remains the binding sector constraint, and each of these names is being re-rated as an AI landlord rather than a hash-rate story.
What to Watch Next The bull case for TeraWulf stock is now concrete: a $19 billion contracted revenue stream, investment-grade credit backing, and visible operating momentum at Lake Mariner and Kentucky. The bear case is timing and volatility. Full Anthropic capacity isn’t expected until early 2028, and WULF stock carries a beta of 4, meaning sentiment swings can dominate short-term price action.
Analysts currently carry a consensus price target of $36 on WULF shares, well above current levels, with five strong-buy and eight buy ratings and no sells or holds recorded. A single mega-deal doesn’t remove construction, permitting, or financing risk, so investors leaning into the story should size their positions modestly and expect sharp drawdowns along the way.
Watch for whether TeraWulf converts the Anthropic announcement into visible construction milestones at Hawesville through the second half of 2026, and whether the Abernathy monetization closes on the terms described. The next quarterly earnings print, together with any formal credit-rating action tied to the Anthropic lease, may set the tone for TeraWulf shares into year-end.
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TeraWulf (WULF +4.84%), a Bitcoin (BTC +2.05%) mining and AI data center infrastructure provider, closed at $22.21, up 4.86%. The company announced a lease to Anthropic and a joint-venture data center sale that could unlock long-term AI infrastructure revenue.
Trading volume reached 73.3 million shares, coming in about 135% above its three-month average of 31.2 million shares.
How the markets moved todayThe S&P 500 (^GSPC +0.72%) rose 0.74% to 7,538, while the Nasdaq Composite (^IXIC +1.12%) climbed 1.12% to 26,121. Among bitcoin mining and AI/high-performance computing (HPC) digital infrastructure peers, Cipher Digital (CIFR +7.98%) gained 8.43% to $21.73, and IREN (IREN +12.89%) rose 13.11% to $43.91 as investors kept watching AI-data-center monetization.
What this means for investorsTeraWulf has been progressing as it transitions from Bitcoin mining to a recurring revenue HPC business model. Its latest acquisition was made in late May when the company acquired a large data center development site in Eastern Kentucky. Today, the company announced a long-term lease agreement for another HPC site in Hawesville, Kentucky.
The least to AI research company Anthropic will run for 20 years and is expected to generate about $19 billion of contracted revenue. Separately, TeraWulf entered an agreement to sell its 50.1% stake in a Texas data center. The company said it will receive about $530 million for its original $450 million investment.
That capital, along with recurring lease income, will help the company expand its long-term cash flow. Investors are now cheering the success of TeraWulf’s AI business model, and there could be more to come.
Howard Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Futu Holdings Limited (Futu) (NASDAQ: FUTU) on behalf of those who purchased or acquired Futu securities between May 24, 2023 and May 27, 2026, inclusive. The lawsuit is filed in the United States District Court for the Southern District of New York and is captioned Tang.
Astera Labs Inc (NASDAQ: ALAB) shares are climbing Monday as strength returns to the semiconductor group, with chip stocks bouncing back from a choppy late June on renewed conviction in demand across the sector.
Astera Labs stock is among Monday’s top performers. Why is ALAB stock up today? DRAM Demand and AI Conviction Lift the GroupThe memory market set the tone. DRAM names surged ahead of Samsung’s upcoming sales report and SK Hynix’s U.S. listing later this week, sparking broader optimism that demand across the chip space remains intact. Investors are growing more confident that the AI-driven rally underpinning this bull market has not run its course with fresh evidence of compute demand from Anthropic adding to the constructive backdrop.
Capital rotated decisively into semiconductors and small caps while consumer staples, health care and utilities saw outflows. The Dow slipped into negative territory at midday despite printing a new record earlier in the session, reflecting how narrow the day’s enthusiasm has been.
Broadcom Partnership Extension Bolsters SentimentGiven Apple’s standing as one of Broadcom’s most significant revenue contributors, the agreement was read by the market as a vote of confidence in sustained chip demand and spilled over into sentiment around AI-adjacent suppliers including Astera Labs.
Astera Labs Critical Levels To WatchAstera Labs continues to show a strong upward trend on longer timeframes. The stock sits 10.9% above its 20‑day simple moving average at $392.69, 40.9% above its 50‑day simple moving average at $308.95, and more than 120% above its 200‑day simple moving average at $196.68. This stacked alignment usually signals that buyers remain in control across multiple trend horizons, even if day‑to‑day swings can be volatile.
The crossover structure supports that view. The 20‑day simple moving average is above the 50‑day simple moving average, and the golden cross that appeared in May, when the 50‑day simple moving average moved above the 200‑day simple moving average, continues to reinforce the broader bullish bias. The twelve‑month gain of 388.67% also reflects strong longer‑term momentum, although moves of that size can make pullbacks sharper when momentum cools.
Short‑term momentum is less straightforward. MACD is below its signal line and the histogram is negative, which shows that upside force has faded compared with the prior advance. MACD compares faster trend movement with slower trend movement. When it sits under the signal line, rallies often need fresh demand to regain speed.
Key Support: $372.50 — A nearby level where buyers previously stepped in and a logical line in the sand if the stock retraces toward its short‑term trend zone. ALAB Shares Are JumpingALAB Price Action: Astera Labs shares were up 7.11% at $435.32 at the time of publication on Monday, according to Benzinga Pro.
Image: Piotr Swat/Shutterstock
Market News and Data brought to you by Benzinga APIs
Space Exploration Technologies (SPCX 0.97%) officially went public on June 12. In the process, it became the largest initial public offering (IPO) ever and currently has a total market cap of more than $2 trillion.
On July 7, the company and the stock will make history again. Not only will SpaceX officially join the Nasdaq-100 index, but it'll also be the first to do so under the newly created "fast-track entry" rules for mega-IPOs.
Image source: Getty Images.
What is the Nasdaq's new fast-track entry process for IPOs? Nasdaq announced these new rules in May:
For the very largest new listings, those that rank within the top 40 of current Nasdaq‑100 constituents by Full Market Capitalization, there is also a Fast Entry pathway. These companies are evaluated on their seventh trading day and, if eligible, added shortly thereafter, with all existing liquidity requirements still applying.
This means that new listings meeting both size and liquidity requirements can be added to the index as soon as the 15th trading day following the IPO. The biggest reason for the policy change is SpaceX, but it's also due to the likely imminent IPOs on Anthropic and OpenAI. Both of those companies could be debuting with multitrillion-dollar market caps as well.
This will impact shareholders of the Invesco QQQ ETF (QQQ +1.43%) and the Invesco Nasdaq 100 ETF (QQQM +1.43%), which are both tied to the index, the most. Because weightings in the index are based on free-float market capitalization and not total market cap, SpaceX will likely see a weighting of around 1% when it joins.
Most stocks used to go public when they were much smaller and grow over time. Lately, companies have been remaining private longer until they decide to go public when they're much larger. SpaceX is the first example of the major market indices adjusting to reflect that. And there's likely more to come.
David Dierking has positions in Invesco NASDAQ 100 ETF. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy.
Following its IPO and subsequent bond offering, Space Exploration Technologies (SPCX 0.99%) now has more than $100 billion in new capital at its disposal. Expect SpaceX to go on a massive spending spree to spur growth and justify its $2 trillion valuation.
What will SpaceX's spending focus on? Artificial intelligence will likely be the biggest beneficiary. More than 90% of SpaceX's claimed total addressable market is AI-focused. That means investors should expect the company to dramatically scale terrestrial data center construction. But SpaceX will also now aggressively pursue putting AI data centers into space -- so-called orbital data centers (ODCs).
ODCs will need many things to happen before they become a reality, one of which is successful commercialization of SpaceX's Starship megarocket. This megarocket -- which is significantly larger than the company's Falcon Heavy rocket -- would meaningfully improve SpaceX's ability to get larger payloads to space more affordably. ODCs, for example, could be launched at scale using Starship rockets.
One of SpaceX's biggest constraints on growth in this opportunity set, however, is access to rocket fuel. To solve that problem, SpaceX is reportedly looking to build its own natural gas pipeline. SpaceX may even look to produce its own natural gas over the long term.
How will this impact energy markets, and in particular, pipeline stocks? There are two factors to consider.
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1. SpaceX's natural gas pipeline won't endanger pipeline stocks According to data from the U.S. Energy Information Administration, natural gas pipelines deliver roughly 30 trillion cubic feet to nearly 80 million consumers each year. A single Starship launch, for comparison, uses around 630,000 gallons of liquid methane, which equates to around 0.0000521 trillion cubic feet of natural gas. Even if SpaceX launched 1,000 Starship rockets every year, it would still amount to less than 0.2% of U.S. natural gas demand transported by pipelines.
In short, SpaceX's actions aren't about to disintermediate conventional pipeline networks. In fact, SpaceX's actions could benefit certain pipeline networks in the long term.
Image source: Getty Images.
2. Pipeline stocks could actually benefit from SpaceX's actions long term According to reporting from Reuters, SpaceX "plans to begin next month building an eight‑mile natural gas pipeline called 'Starpipe' to its Texas launch facilities." Construction is expected to conclude in January 2027.
Reuters observes:
Designed to be fully reusable, Starship uses about 630,000 gallons of liquid methane per launch, currently delivered by hundreds of tanker trucks in an hours-long process incompatible with Musk's expansion plans. Starship has completed 12 test launches since 2023, but Musk aims to ramp up to dozens, hundreds, and eventually thousands of launches a year.
Where will Starpipe's natural gas come from? SpaceX apparently wants to explore drilling for its own natural gas in the long term. But for now, it seems likely that supply will come from Enbridge's Valley Crossing Pipeline.
Pipeline stocks, therefore, won't be affected by SpaceX's foray into pipeline construction. Enbridge may even benefit directly, with other natural gas pipeline stocks benefiting from a new source of demand that could support prices over the long term, even if it remains a fraction of total U.S. demand.
SpaceX Corp (NASDAQ:SPCX) is scheduled to join the Nasdaq-100 index before US markets open on Tuesday, marking one of the fastest additions to the benchmark following its recent initial public offering.
The inclusion follows a change to Nasdaq's eligibility rules that allows certain large-cap IPOs to enter the index after 15 trading days, rather than waiting for the next annual reconstitution.
The move is expected to trigger billions of dollars in passive buying as exchange-traded funds and mutual funds that track the Nasdaq-100 rebalance their portfolios. JPMorgan has estimated that approximately $4.3 billion of SpaceX shares could be purchased by index-tracking funds, including the Invesco QQQ Trust (NASDAQ: QQQ) and Invesco Nasdaq 100 ETF (NASDAQ: QQQM).
Despite SpaceX's roughly $2.1 trillion market valuation, the company is expected to receive an index weighting of around 1%. The Nasdaq-100 is weighted by free-float market capitalization, meaning only shares available for public trading are included in the calculation. With less than 5% of SpaceX's outstanding shares publicly available following its IPO, the company's weighting is expected to remain relatively modest.
The addition also comes as SpaceX's post-IPO quiet period expires, allowing investment banks and research firms involved in the offering to begin publishing analyst coverage and price targets.
Ipek Ozkardeskaya, senior analyst at Swissquote, wrote that investors will continue debating whether technology stock valuations are justified as SpaceX joins the Nasdaq-100.
"Remember, Nasdaq changed the inclusion rules to include SpaceX, which would normally not make its way so quickly into such a broadly watched and traded index, given its extremely low free float, its governance – Elon Musk has more than 80% of voting rights – and its fundamentals, as the company went public at a valuation of more than 100 times last year's sales," Ozkardeskaya wrote.
She added that "SpaceX's inclusion will increase the Nasdaq 100's volatility, challenge its capacity to represent underlying economic and financial fundamentals, and potentially hurt its credibility."
Ozkardeskaya also noted that the end of the quiet period will bring the first wave of Wall Street research on the stock, while "the early enthusiasm faded fast, with the price coming close to its IPO level after a more than 50% surge in the early days."
SpaceX shares have experienced volatile trading since their market debut. The stock closed at $162 late last week, above its IPO opening price of $150 but more than 20% below its post-listing high. Shares fell another almost 4% to about $156.
Unlike the S&P 500, which generally requires companies to trade publicly for at least a year before becoming eligible for inclusion, the Nasdaq-100's revised fast-track rules were designed to accommodate large IPOs more quickly. SpaceX will be added to the index in a single rebalancing event rather than in phased installments.
, /PRNewswire/ -- CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q2 2026 at 6:45 a.m. Eastern Time on Thursday, July 30. At that time, CNX will issue a brief press release containing links to its prepared remarks for the quarter, presentation materials, and supplemental information providing a Q2 2026 update. These materials will be available on CNX's Investor Relations website.
This release will be followed by a Q&A conference call and webcast.
Q&A Conference Call Information
CNX Resources (NYSE: CNX)
10:00 a.m. ET: Thursday, July 30 Dial-In: 855-656-0928 (domestic) 412-902-4112 (international) Reference "CNX Resources Call" Webcast: investors.cnx.com A replay of the Q&A conference call and webcast will be maintained on the Investor Relations page on CNX's website.
About CNX Resources
CNX Resources Corporation (NYSE: CNX) is unique. We are a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, one of the most energy abundant regions in the world. With the benefit of a 162-year regional legacy, substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies, we responsibly develop our resources and deploy free cash flow to create long-term per share value for our shareholders, employees, and the communities where we operate. As of December 31, 2025, CNX had 9.7 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information is available at www.cnx.com.
The VanEck Semiconductor ETF (NASDAQ:SMH) has ripped higher in 2026, gaining 64.47% year to date through July 2 and 111.24% over the trailing 12 months. Yet the fund fueling that run does not own a single share of Apple (NASDAQ:AAPL | AAPL Price Prediction), arguably the most recognizable technology stock on the planet. The absence is structural, not tactical, and it explains a lot about how the ETF earned its return.
What SMH Actually Is SMH is VanEck’s pure-play semiconductor ETF, tracking the largest chip designers, foundries, and equipment makers listed on U.S. exchanges. It carries a net expense ratio of 0.35%, which sits at the low end for a thematic sector fund. Total net assets were not disclosed in the most recent VanEck fact sheet dated May 27, 2026, but the fund is one of the most heavily traded semiconductor vehicles in the market.
What’s Driving the Return The rally traces directly to a concentrated basket of chip names. As of the latest fact sheet, the top 10 holdings are:
Company Weight Advanced Micro Devices (NASDAQ:AMD) 10.33% Broadcom (NASDAQ:AVGO) 9.57% Micron Technology 9.39% Taiwan Semiconductor Manufacturing 8.75% NVIDIA (NASDAQ:NVDA) 8.40% ASML Holding 8.13% Intel 8.13% Lam Research 5.62% Applied Materials 5.53% Texas Instruments 4.52% AMD, Broadcom, and Micron alone account for 29.29% of net assets combined. Add NVIDIA, TSMC, ASML, and Intel and the top seven push well past 60% of the fund. That concentration in AI accelerators, memory, foundry capacity, and lithography equipment is the engine behind the year’s return. A TipRanks piece dated May 9, 2026 flagged the same drivers, noting the rally was tied to Nvidia, Taiwan Semiconductor, and Intel rather than the broader tech complex.
Why Apple Isn’t In It Apple designs its own silicon, but the company generates the bulk of its revenue from devices and services. Its most recent quarter, filed April 30, 2026, showed iPhone revenue of $56.99 billion and Services revenue of $30.98 billion. Under the index methodology SMH follows, that revenue mix classifies Apple as a consumer hardware and services company under the index methodology. It is excluded by design. SMH’s holdings history from January through July 2026 shows no Apple position at any point during the period covered by the ETF’s year-to-date gain.
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How Owning Apple Would Have Compared Apple stock has done fine on its own, with shares up 13.74% year to date and 45.86% over the past year. Broad-market and megacap tech ETFs that hold Apple captured that move. SMH’s methodology traded diversified megacap exposure for concentrated chip exposure, and in 2026 that trade has paid off. Investors weighing the fund should recognize the flip side: seven names carry more than 60% of the portfolio, so a single-stock stumble carries real weight.
The Recent Pullback The year-to-date figure hides a rough stretch. SMH is down 7% over the trailing week and 6.31% over the trailing month, closing July 2 at $592.29 after a 4.54% single-day drop. Reddit sentiment reflected the shift, with r/wallstreetbets threads on June 9 and 10 turning bearish around a “Semiconductor shorts pile on” narrative. Concentrated funds cut both ways.
The Takeaway SMH offers a clean, low-cost way to own the largest listed chipmakers, and the design choice to exclude Apple has been additive in 2026. For retirement-focused investors, the more important question is fit: a fund with roughly 60% in seven names behaves differently from a diversified tech ETF that owns Apple, Microsoft, and Alphabet alongside chips. Past performance does not guarantee future results, and this article is not investment advice. The fund’s structure is the story here, and the recent pullback is a reminder that concentration works in both directions.
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Despite a 9% gain in the benchmark S&P 500 so far in 2026, Tesla (TSLA +6.70%) stock has moved in the opposite direction, posting a 12% loss (as of market close on Thursday, July 2). The company is coming off two straight years of declining electric vehicle (EV) sales, so investors are understandably cautious.
But on July 2, Tesla reported its EV deliveries for the second quarter of 2026 (ended June 30), blowing away Wall Street's expectations. They also grew for the second consecutive quarter, which suggests this critical part of Tesla's business might finally be recovering.
That said, Tesla stock is trading at a sky-high valuation, which makes it a very tough investment despite recent improvements in its EV sales. Here's why it probably isn't a good buy right now.
Image source: Tesla.
Tesla's EV sales appear to be recovering Tesla delivered 1.79 million EVs in 2024, which was a 1% decline from the previous year. Sales fell at an even faster pace of 9% in 2025, with deliveries coming in at just 1.63 million. EV sales still account for over 70% of Tesla's revenue, so the declines put a real dent in the company's earnings, which plummeted by 47% last year alone.
Fortunately, the electric vehicle business seems to be recovering. Tesla delivered 358,023 cars during the first quarter of 2026, which was up 6% from the year-ago period. And on July 2, the company announced 480,126 deliveries for the second quarter, which was up 25%. It also topped Wall Street's average forecast of around 406,000 deliveries by a very wide margin.
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Geopolitical tensions in the Middle East have sparked a surge in gas prices since February, likely benefiting Tesla's sales during the second quarter as more consumers made the switch to an EV. However, gas prices have started to decline thanks to an ongoing ceasefire between the U.S. and Iran, so it's unclear whether this tailwind will extend into the rest of 2026.
The increasingly competitive landscape has been Tesla's biggest challenge over the last couple of years, as a raft of low-cost EV brands has flooded important markets like China and Europe. The company has responded by launching cheaper versions of its flagship Model 3 and Model Y EVs, but it still can't compete with China-based BYD, which sells its entry-level Dolphin Surf for under $30,000 in Europe.
Tesla will pivot away from the passenger EV business over the long term by focusing on its Cybercab autonomous robotaxi and its Optimus humanoid robot, but these products are still at least a year away from mass commercialization. In the meantime, shareholders might have to endure volatile financial results from the EV business.
Tesla is a tough investment because of its valuation Based on Tesla's trailing 12-month earnings of $1.09 per share, its stock trades at a price-to-earnings (P/E) ratio of 359. That makes it over 10 times as expensive as the Nasdaq-100 index, which has a P/E ratio of 35.2, so Tesla looks extremely overvalued compared to a basket of its big-tech peers.
Data by YCharts.
Tesla will report its official financial results for the second quarter on Wednesday, July 22, and given the sharp uptick in EV sales, its revenue and earnings are likely to grow nicely. Therefore, its stock might be slightly cheaper than it currently appears at face value once those latest earnings are factored in, but it will almost certainly still be more expensive than the Nasdaq-100 by several orders of magnitude.
Tesla's sky-high valuation is probably the main reason why its stock is down 12% this year, despite the gains in the broader market. Unfortunately, the door is open to an even steeper correction if the momentum in the company's EV business slows over the next couple of quarters -- and that is a real risk with gas prices coming down.
In my opinion, the only way investors could yield a positive return in Tesla stock from its current price is by adopting a very long-term outlook of at least five years. That will give the company time to bring new products like Optimus and the Cybercab to market, which could fuel its next phase of growth.
“Today, much of the robotics industry is still built around a single transaction: a machine is built, sold, and delivered,” Wang told Benzinga. “We believe the larger opportunity begins after delivery.”
Beyond Hardware SalesWang believes the robotics industry is approaching a business-model shift similar to what software experienced with subscriptions and cloud computing.
Instead of treating robots as one-time hardware purchases, he envisions them as long-lived assets that continue creating economic value throughout their operating lives. He calls the concept the “Robot Second Life Cycle,” where value extends beyond the initial sale through greater utilization, longer operating lives and the operational data robots generate while performing real-world tasks.
That distinction could eventually reshape how investors evaluate robotics companies. Rather than focusing solely on unit sales, the market may increasingly reward businesses that can generate recurring revenue from robots long after they’re deployed.
The Rise of Robot RentalsThat thinking also underpins Wang’s vision for Robotics-as-a-Service.
“A lot of businesses don’t necessarily want to own robots outright,” he said. “What they really want is access to robotic capabilities when those capabilities can create clear, measurable value.”
Instead of committing significant upfront capital, companies could rent robots for warehouse operations, inspections, security, deliveries or other specialized tasks, while robot owners generate income from equipment that might otherwise sit idle.
Wang sees parallels with another technology revolution.
“If cloud computing turned expensive servers into something you can access on demand, we think Robotics-as-a-Service can do something similar for robotic capabilities,” he said.
The Next Robotics TradeFor now, investors remain focused on which company will build the most capable humanoid robot. Tesla, Figure AI and other developers continue competing to improve mobility, intelligence and manufacturing scale.
But Wang argues the industry’s economics could eventually matter just as much as its engineering.
If robots become recurring revenue-generating assets rather than one-time hardware sales, the companies creating the most long-term value may not simply be those shipping the most machines—they could be the ones keeping those machines working, earning and generating data for years after deployment.
For investors, that suggests the next chapter of the robotics story may begin not when a robot is sold, but when it starts working.
Image courtesy company PR
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Shares of Coca-Cola (KO 1.40%) have been on a tear this year, rising by nearly 20% thus far. The stock hit a new all-time high on Monday as investors continue to load up on the beverage giant.
The stock's valuation is high, and the company reports its second-quarter earnings later this month, on July 28. Is the stock a good buy before it posts its latest numbers, or has it gotten too expensive?
Image source: Getty Images.
The company's growth has been impressive, but it comes with an asterisk Coca-Cola's recent results have been encouraging, with the company's growth rate accelerating and even getting back into double digits. The improved numbers may, however, have set an elevated bar for the beverage company leading into its upcoming earnings report.
While Coca-Cola's net revenue rose by 12% during the first three months of 2026, investors also shouldn't forget that they were down 2% a year earlier. Thus, the company was going up against some soft comparables, which can sometimes paint a bit of a misleading picture as to how well the business is truly doing. However, with the second quarter of 2025 also being an underwhelming period where sales were up by just 1%, it may not be all that surprising if Coca-Cola shows another strong quarter of growth when it posts its latest numbers this month.
The trouble is that Coca-Cola is not what you'd consider to be a top growth stock, yet it has been trading like one of late.
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Coca-Cola's high valuation highlights risks for investors Coca-Cola has a fantastic business, and it generates terrific margins, but that doesn't mean that it's worth paying a big premium for. But with it trading at 26 times its trailing earnings, that's arguably what investors who buy the stock today are doing. This is even higher than the 25 times earnings that the average stock in the S&P 500 trades at.
Another downside of buying the stock at its high is that its dividend yield has fallen to just 2.5%. At that level, there are many other dividend stocks to choose from that may offer comparable yields, have more long-term growth potential, and are more reasonably valued.
There's nothing wrong with Coca-Cola as a business, but the stock is arguably far too expensive to be a good buy at its current levels. And unless the company completely blows past earnings expectations in the current quarter, I wouldn't be surprised to see the stock fall after it posts its latest numbers.
Grab Holdings (GRAB 1.41%), a Southeast Asian super-app for rides, delivery, and financial services, closed at $3.85, down 1.28%. Shares fell after the company said Uber Chief Executive Dara Khosrowshahi stepped down from its board, as the company tries to close its acquisition of foodpanda. Trading volume reached 73.0M shares, coming in about 35% above its three-month average of 54.3M shares. Grab Holdings IPO'd in 2020 and has fallen 68% since going public.
How the markets moved todayThe S&P 500 (^GSPC +0.72%) closed at 7,538, up 0.74%, while the Nasdaq Composite (^IXIC +1.12%) finished at 26,121, up 1.12%. Among internet services and online platforms, ride-hailing, delivery, and fintech super-app peers, Uber Technologies closed at $72.43, down 2.69%, and DoorDash closed at $188.46, down 1.85%, as investors weighed platform growth against company-specific updates.
What this means for investorsThere are many moving parts tied to Grab’s news with Uber’s CEO leaving the former’s board -- but investors shouldn’t panic about today’s developments. It was mostly a web of conflicts of interest that needed to be sorted out for both companies to grow.
Uber is in the midst of acquiring Delivery Hero, a Germany-based global food and grocery delivery company. Delivery Hero owns foodpanda -- which is simultaneously being acquired from Delivery Hero by Grab. Due to these ties, Khosrowshahi’s tenure on Grab’s board had to end because of the significant overlap between the two companies and the concurrent acquisitions.
Ultimately, today’s news was more about avoiding regulatory trouble than anything else -- Uber is maintaining its economic stake in Grab (roughly 14% of shares outstanding) -- so there is no need to worry. In fact, I really like both the stocks for the long haul at today’s prices.
Josh Kohn-Lindquist has positions in Uber Technologies. The Motley Fool has positions in and recommends DoorDash, Grab, and Uber Technologies. The Motley Fool has a disclosure policy.
Alphabet (GOOG +2.44%) (GOOGL +1.87%) has been a top stock to own over the past year. If you bought shares at this time last year, you're up about 100% on your investment. However, the stock has shown some weakness lately and is currently about 12% off its all-time high set at the beginning of May.
With the stock going on sale for the first time in a while, many investors are wondering if this is their chance to get into Alphabet stock at a much lower price. Let's take a look at Alphabet's long-term prospects and see if this dip is a smart time to buy the stock.
Image source: The Motley Fool.
Alphabet's AI strategy is panning out Early last year, Alphabet was written off as an artificial intelligence (AI) loser. AI was supposed to replace Google Search, and Alphabet's attempts at a large language model were not panning out. However, all of that seemed to be dispelled throughout 2025, which kicked off a major rally in the stock.
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Now it's clear Alphabet will be an AI winner.
Its strategy is fairly simple: Cast a wide net and see how much market it can capture. As it turns out, this wide net has captured nearly everything it set out to catch.
For Google Search, Alphabet updated the platform to include an AI-powered search summary with each result, bringing AI to the masses. Its own generative AI model, Gemini, has quickly emerged as one of the most powerful options available, especially at lower price points. Lastly, Google Cloud has become one of the top options for running AI workloads.
All these endeavors have led to a dominant AI strategy, and the market has rewarded the stock with huge gains. But has it gotten too expensive?
GOOG PE Ratio (Forward) data by YCharts
At 25 times forward earnings, Alphabet's stock is on the higher end of its valuation that investors have seen over the past couple of years. But 25 times forward earnings is about where I'd expect an AI hyperscaler to trade. So, I don't think Alphabet's stock is expensive, but I don't consider it cheap either. Alphabet's future returns will come from business growth, and with Wall Street analysts guiding for 21% growth this year and 19% next year, I think it's a pretty compelling AI stock to buy now.
Alphabet won't be growing at a 100% pace anytime soon, but I think it's a strong candidate to crush the market over the next few years.
by Lisa Stiffler on Jul 6, 2026 at 1:09 pmJuly 6, 2026 at 1:11 pm
Amazon’s headquarters buildings and the Spheres in Seattle’s Denny Triangle neighborhood in September 2024. (GeekWire Photo / Kurt Schlosser) Amazon has cut a total of 57 jobs in Washington state across various teams, including roles at the director and senior manager levels, according to a filing made public Monday morning.
People impacted by the cuts include 16 software engineers as well as product managers and creative marketing employees working in Seattle and Bellevue offices. Nine remote employees, including investigation specialists and risk managers, were also let go.
Employees were notified of the layoffs throughout May and in early June, according to an Amazon filing with the Employment Security Department, released Monday under the Worker Adjustment and Retraining Notification (WARN) Act. The roles are scheduled to end in August.
“[W]e filed a WARN notice because a few businesses across the company made organizational changes that each impacted a small number of employees — in most cases fewer than five employees per business,” said Brad Glasser, an Amazon spokesperson, via email.
WARN notifications are triggered by state law when more than 50 Washington-based employees in total are laid off over a period of 30 days.
“We don’t make decisions like this lightly, and we’re committed to supporting the employees who were impacted,” Glasser added.
It’s a sign of the broader belt-tightening across the tech industry. Microsoft separately cut more than 600 jobs in Washington state on Monday morning, part of global layoffs eliminating 4,800 roles across the Redmond company, primarily in sales, consulting and gaming.
The latest Amazon cuts follow layoffs of 2,198 Washington-based employees in February and 2,303 in October 2025. Globally, the company has eliminated roughly 30,000 positions in the past year, cumulatively amounting to the the largest workforce reduction in its history.
The multiple rounds of layoffs have hit wide-ranging positions and divisions, with software engineers the hardest hit. Corporate support, commercial functions, legal, tax, and ad sales positions have all seen cuts, as have Amazon’s core technology organization, gaming division and robotics unit.
The previous larger cuts were part of an effort to “reduce layers, increase ownership, and remove bureaucracy,” according to a memo sent to employees and posted online earlier this year by Beth Galetti, senior vice president of people experience and technology.
Amazon’s corporate roles numbered around 50,000 in the Seattle area.
Tech giants nationwide have made round after round of job cuts in the past year as they pour billions into AI data center expansions and gain labor efficiencies through the use of artificial intelligence.
Amazon reported $181.5 billion in sales for the first quarter of this year, up 17% from a year earlier. Profits came in at $30.3 billion, boosted by gains tied to the value of its investment in Anthropic.
Ahead of Microsoft Corporation's Q4 results, shares are underperforming, with monthly losses of about 6.5%. The stock is also sitting near the bottom end of its 52-week range. The losses come as many investors continue to question whether the company's AI investments can produce the desired results. MSFT has also announced that it will cut over 3,000 jobs in its Xbox division.
Bragar Eagel & Squire, P.C. Litigation Partners Brandon Walker and Melissa Fortunato Encourage Investors Who Suffered Losses In Microsoft (MSFT) To Contact Them Directly To Discuss Their Options
If you purchased or acquired Microsoft common stock between May 1, 2025 and January 28, 2026 and would like to discuss your legal rights, contact Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato by email at [email protected] or by telephone at (212) 355-4648
Click here to participate in the action.
NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) --
What’s Happening:
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Microsoft Corporation (“Microsoft” or the “Company”) (NASDAQ:MSFT) in the United States District Court for the Western District of Washington on behalf of all persons and entities who purchased or otherwise acquired Microsoft common stock between May 1, 2025 and January 28, 2026, both dates inclusive (the “Class Period”). Investors have until August 11, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Allegation Details:
According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Microsoft's Copilot family of products had experienced significant brand positioning, user experience, usage, data siloing, computational capacity, organizational, and interoperability problems; (2) Microsoft's flagship proprietary AI model ranked well below competitors on a number of benchmark tests; (3) Microsoft needed to increase by billions of dollars its capital expenditures and divert graphics processing unit ("GPU") and central processing unit ("CPU") capacity away from fulfilling demand for its profitable Azure services in order to improve the competitive positioning of its critical Copilot family of products and increase its AI-related research and development ("R&D"); and (4) as a result, Microsoft had failed to convert a significant percentage of its commercial Microsoft 365 users to paid Copilot subscriptions and Microsoft's Copilot offerings had lost market share to rival products, a trend that was increasing. When the true details entered the market, the lawsuit claims that investors suffered damages.
Next Steps:
If you purchased or otherwise acquired Microsoft shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
Microsoft's shares were falling on Monday even as the company announced its latest round of job cuts, as investors likely refused to look past the company's high AI investments.
A price target cut by Wolfe Research on Monday, citing higher memory prices, is likely to have also weighed on the stock, even though it maintained an Outperform rating on MSFT.
Shares of Microsoft MSFT fell about 1% on Monday afternoon after suffering a higher decline earlier in the day following the software giant's announcement that it would eliminate roughly 4,800 jobs, or about 2.1% of its global workforce, while restructuring its Xbox gaming business and continuing to ramp up spending on AI infrastructure.
The decline contrasted with the market's typical response to large-scale technology layoffs, which in recent years have often been viewed as signs of improving cost discipline and stronger profitability.
Microsoft's shares have fallen 18% so far this year, making the company a laggard among the Magnificent 7 stocks as it contends with investor pushback on the front of heavy AI capex spending while also being weighed down by their fears of AI disrupting software.
Microsoft said the restructuring would include significant changes to its gaming division, with plans to divest as many as five Xbox studios after years of heavy investment in the business.
The gaming overhaul will account for about 3,200 job cuts, including 1,600 layoffs announced on Monday.
The move comes as Microsoft increasingly prioritizes investments in artificial intelligence, which executives believe offer stronger long-term returns than its slower-growing gaming operations.
DA Davidson's Head of Technology Research Gil Luria said Microsoft's capital allocation reflects where management sees the greatest opportunity.
"AI drives more infrastructure software sales, then it drives more Office sales with Copilot. They have a much better place to invest right now. The gaming business doesn’t have much growth, so they might as well cut costs there in order to fund AI investment," he told CNBC.
Investors remain focused on AI spendingUnlike previous restructuring announcements across the technology sector, Microsoft's layoffs failed to reassure investors.
Amazon shares rose, albeit modestly, after the company announced plans to eliminate 16,000 roles earlier this year, while Meta's stock also gained following reports in March that it intended to cut more than 20% of its workforce.
Microsoft's shares, however, moved lower, suggesting investors remain more concerned about the company's rising AI investment bill than potential savings from workforce reductions.
AJ Bell investment director Danni Hewson said the market is still waiting for tangible evidence that Microsoft's enormous AI spending is translating into stronger financial performance.
"Markets are waiting to see solid financial evidence that all that capex is paying off and that the faith in AI as a growth supercharger has been warranted."
She added that investors may also have already priced in the restructuring after reports emerged last week that Microsoft was preparing another round of layoffs.
Parth Talsania, chief executive of Equisights Research, said the announcement was unlikely to provide a fresh catalyst for the stock.
"That (targeted cuts) makes the announcement read more like portfolio reallocation and operating discipline than a fresh catalyst for the stock."
"In the near term, the market is likely to reward Microsoft less for headcount reductions and more for evidence that AI monetization is scaling faster than AI-related costs," she said.
Adding to investor concerns, Wolfe Research reduced its price target on Microsoft to $525 from $570 while maintaining its Outperform rating.
Analyst Alex Zukin cited sharply higher memory prices following Micron Technology's latest earnings report, prompting the firm to raise its estimate for Microsoft's fiscal 2027 capital expenditure to $270 billion from $230 billion.
The higher investment outlook led Wolfe to project fiscal 2027 free cash flow of negative $17.4 billion, compared with its earlier estimate of positive $14.7 billion and well below the market consensus of roughly $31 billion.
The brokerage also lowered its fiscal 2027 gross margin forecast to 63.1% from 64%, compared with the consensus estimate of 66.6%, while trimming its earnings-per-share estimate by 1% to $19.02.
Despite the revisions, Wolfe remained optimistic about Microsoft's long-term AI strategy.
The firm said it "remains long-term bullish on MSFT's full-stack monetization approach to AI with Azure growth acceleration and rising Agent monetization potential."
It expects Azure revenue growth of 41% in fiscal 2027 and 40% in fiscal 2028, ahead of Wall Street expectations.
Zukin also pointed to Microsoft's disclosure of $11.5 billion in restricted investments linked to supplier agreements, which Wolfe believes "could reflect the company locking in a portion of component costs tied to memory," potentially reducing future pricing pressure.
Luria argued that investors have become overly pessimistic about Microsoft's outlook by embracing two conflicting narratives simultaneously — that AI will weaken software demand while the company is overspending on AI infrastructure.
He rejected both views.
"The narrative on Microsoft has turned very negative, but that's an opportunity, because when they report in three weeks, they're going to report accelerating Azure growth and they're going to report capex growth that's at a lower rate than that."
Microsoft is scheduled to report fourth-quarter earnings on July 29.
According to Fiscal.ai data, Wall Street expects revenue to rise 15% year over year to $87.66 billion, while earnings per share are projected to increase to $4.24 from $3.65 a year earlier.
For investors, the results are likely to determine whether Microsoft's costly AI strategy is beginning to deliver the returns the market has been waiting for.
Microsoft (NASDAQ:MSFT | MSFT Price Prediction) looks mispriced, and the discomfort is the whole point. The company is cutting roughly 4,800 jobs, about 2.1% of its workforce, while telling investors it will spend roughly $190 billion on capex in calendar 2026 to feed AI and Azure.
Microsoft is the closest thing the S&P 500 has to a pure AI infrastructure operator, with three legs (Productivity, Intelligent Cloud, and a fading More Personal Computing segment) all bent toward the same agentic-computing story. Shares are down 22% over the past year and 18% year to date, even as Azure and other cloud services grew 40% in constant currency last quarter. The market is repricing the payoff while demand keeps compounding.
Why the reset makes MSFT interesting again The bull case starts with a number Satya Nadella dropped on the last call. “Our AI business surpassed $37 billion ARR, up 123%.” Commercial remaining performance obligations, essentially contracted future revenue, hit $627 billion, up 99% year over year. That is not a demand problem.
Valuation has become reasonable. Trailing P/E is 23x and forward P/E is 20x, on a business with 34% return on equity and 46.3% operating margins. Retail has noticed. The top r/stocks post of the past two weeks argued “Microsoft is now cheaper than the April 2025 Tariff crash, yet TTM EPS is up 30%”, drawing more than 1,400 upvotes.
Why the capex bill still terrifies people Q3 capex was $30.88 billion, up 84.39% year over year, and Amy Hood guided Q4 to over $40 billion. Free cash flow yield has compressed to 2.47%, which is skinny for a company financing GPUs with two-thirds of that spend going into short-lived assets. Industry chatter puts GPU utilization at some hyperscalers as low as 33%, maybe up to 50%, hobbled by connectivity bottlenecks.
Prediction markets have absorbed the skepticism. Polymarket is currently pricing a 69.5% probability that Anthropic and OpenAI combined will be worth more than Microsoft by year-end 2026. Insiders are net sellers across 33 recent transactions. The layoff, framed by Hood as building “high-performing teams that operate with pace and agility”, reads to bears as margin defense against a capex wave that has not paid for itself yet.
The case for sitting on your hands Polymarket’s modal outcome for July close is $405, at 67% probability, with the week ending clustered around $380 to $390. That is roughly here. The near-term signal is consolidation.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
What tips the verdict is Azure monetization pace. If Q4 Azure lands inside guidance of 39% to 40% growth and AI margins hold, patience gets expensive fast. If capex creeps toward $200 billion without corresponding revenue conversion, waiting was correct.
What the numbers actually say Microsoft trades at $386 against a Wall Street average target of $561.11, implying substantial upside if analysts are right. Of the analysts covering it, 53 rate it Buy, 3 Hold, and none Sell. The stock is down 19.85% over the past year while the S&P 500 has stayed roughly flat to modestly higher over the same window, based on the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) moving from $718.66 at the April earnings filing to $750.82 currently. Microsoft is the laggard among the megacaps.
Right now, the setup looks constructive. You are paying 20 times forward earnings for a business growing revenue 18.3% year over year, with a $627 billion contracted backlog and an AI segment compounding at triple digits. The capex fear is real, but Hood was explicit that AI margins “were actually better and have remained better” than the equivalent stage of the cloud transition. The layoffs read as operating leverage getting engineered while the infrastructure gets built.
Can MSFT stock keep going up? The specific path to appreciation is Azure printing another 39% to 40% quarter in late July, capex coming in near the $190 billion guide rather than blowing past it, and the AI ARR line moving from $37 billion toward $50 billion over the next two quarters.
What invalidates the thesis is any of those three slipping meaningfully, particularly Azure growth breaking below 35% while capex continues climbing. Watch Q4 gross margin in Microsoft Cloud, which slipped to 66% last quarter. Another leg down there and the payoff timeline stretches.
The uncomfortable trade is the one where the fundamentals are already working and the stock has not caught up yet, and at $386, that describes Microsoft.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
Microsoft Corp.'s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division. Xbox will also divest four of its video-game development studios and is beginning the process to part ways with a fifth.
Microsoft can be the “orchestration layer” for enterprises using artificial-intelligence models, analysts say. (Martin LELIEVRE / AFP via Getty Images)
The artificial-intelligence boom has also caused a surge in new buzzwords for investors to learn, from “inference” to “agents” to “edge.” Next up on the list: “Orchestration.”
Alibaba will ban employees from using Anthropic's artificial intelligence tools for work purposes as of July 10, citing concerns that the U.S. company has back-door security risks, CNBC confirmed on Monday.
The Chinese e-commerce giant has put Anthropic's Claude Code on a high-risk software list, according to people familiar with the matter, who asked not to be named in order to discuss internal operations.
Alibaba's move follows Anthropic's decision in June to send a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, blaming the Chinese tech titan of "brazenly" and "illicitly" attempting to extract its AI capabilities. Anthropic accused Alibaba of carrying out "the largest known distillation attack" on it to date.
Anthropic's terms of service dictate that Chinese companies and other "adversarial nations" are banned from using its models.
Alibaba employees are required to uninstall all Anthropic models and agent products and instead use the Chinese company's own AI assistant, Qoder, the people said.
Alibaba and Anthropic both declined to comment.
Read more CNBC tech newsMeta's push into cloud computing means Wall Street has to prepare for lower marginsChip stocks that notched record rallies in second quarter start Q3 with a dudPlayStation will end physical disc production for new games in 2028Employers who laid off workers citing AI are already starting to regret itThe ban comes amid a wave of online blowback in China against Anthropic as posts on Reddit and GitHub outlined the use of hidden code meant to detect if users might be based in the country.
The Financial Times reported Friday that Anthropic is moving to close loopholes that have allowed Chinese companies to bypass restrictions and access Claude through third countries.
The UK newspaper cited sources as saying Chinese fintech group Ant "had provided employees with corporate Claude accounts that were accessed through the company's intranet, which is connected to its Singapore-based entity."
The FT reported that TikTok parent company Bytedance "does not facilitate access to Claude," but did start a reimbursement program that allows engineers to expense personal subscriptions. The engineers can access those subscriptions on virtual private networks.
Ant and ByteDance declined to comment on the Financial Times report.
ByteDance's reimbursement policy, unveiled on April 2, is meant to encourage staffers to "experience and learn" about a wider range of AI products to enhance their skills, a person familiar with the matter told CNBC. The person asked not to be named in order to discuss internal policies.
Key Takeaways NKE's wholesale revenues rose 4% in Q4 fiscal 2026, led by strength in North America.NIKE is rebuilding wholesale partnerships while reducing inventory and promotional activity. NKE's Win Now strategy is strengthening product innovation, brand engagement and marketplace execution. NIKE, Inc. (NKE - Free Report) has been making efforts to drive growth at its wholesale segment. The company is rebuilding its wholesale partnerships by expanding its reach across retail channels and enhancing its presence in the marketplace. It is also making significant investments in its physical retail network, refreshing more than 15,000 wholesale locations worldwide to improve product presentation and the overall consumer shopping experience.
NIKE is streamlining inventory, reducing promotional activity and investing in its wholesale network to create a healthier and more profitable distribution channel. While challenges persist in categories such as Sportswear and Jordan, as well as in markets like Greater China, the improving wholesale performance suggests that NIKE is making meaningful progress toward restoring growth. NIKE continues to remain under pressure in Greater China as it restructures its inventory and marketplace.
Hence, the company’s wholesale business is currently showing encouraging signs, with the segment’s revenues increasing 4% on a reported basis and 1% on a currency-neutral basis to $6.6 billion in fourth-quarter fiscal 2026. Wholesale trends improved, helping offset weakness in NIKE Direct. Growth was mainly driven by North America, partly offset by lower revenues in Greater China. For the fiscal year, wholesale revenues grew 4%, led by double-digit growth in North America.
Healthy demand for its performance-focused products and improving marketplace conditions have been driving results. Key partners are showing better performance. Management highlighted that sales and retail sell-through at Foot Locker turned positive for the first time in four years, suggesting stronger consumer demand and healthier inventory at retail partners.
The company continues to execute its "Win Now" turnaround strategy, which focuses on strengthening culture, accelerating product innovation, reinforcing brand strength and enhancing consumer engagement. NIKE is actively reducing excess inventory, scaling back promotional activity and optimizing shipments to better match product supply with consumer demand, helping create a healthier marketplace while supporting long-term profitability.
NKE’s Competitionlululemon athletica inc. (LULU - Free Report) continues to benefit from the progress with its Power of Three X2 growth strategy. LULU remains focused on its long-term growth strategy, which centers on continuous product innovation, enhancing the guest experience and expanding its international presence to drive sustainable growth. lululemon is experiencing robust international momentum, with China and other global markets driving faster growth.
adidas AG (ADDYY - Free Report) is focused on strengthening its brand appeal through continuous product innovation, operational excellence and strategic growth initiatives. ADDYY remains committed to enhancing profitability and long-term competitiveness by maintaining inventory discipline, improving operational efficiency and advancing its sustainability efforts. In addition, adidas is expanding its global footprint through localized market strategies, increased digital investments and an ongoing expansion of its retail store network.
NKE’S Price Performance, Valuation and EstimatesShares of NIKE have lost 33.5% in the past six months compared with the industry’s decline of 25.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, NKE trades at a forward price-to-earnings ratio of 23.72X compared with the industry’s average of 20.73X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NKE’s fiscal 2027 and fiscal 2028 earnings per share implies year-over-year growth of 13.9% and 32.5%, respectively. The company’s EPS estimate for fiscal 2027 and fiscal 2028 has moved south in the past seven days.
The stock market's trading activity usually slows down during the summer. Many investors "sell in May and go away," and the Fed enters a "blackout period" (from July to September) during which its officials can't publicly comment on the U.S. economy.
But if you're already retired or on the verge of retiring, it's smart to adjust your portfolio during those sleepy months to maximize your retirement income. Here are three simple moves you can make before the weather cools down again and the market wakes up again.
Image source: Getty Images.
1. Buy more defensive blue chip dividend stocks If you own a lot of high-growth stocks like Nvidia (NVDA +0.38%), which has rallied 16,510% over the past ten years, it's smart to take some off that money off the table and reinvest that cash into reliable blue chip dividend stocks like Coca-Cola (KO 1.40%).
Coca-Cola and its fellow Dividend Kings have raised their dividends annually for more than 50 years, even as the U.S. economy weathered wars, wild interest rate swings, and recessions. Therefore, shifting some cash into those evergreen stocks before the market pulls back could boost your retirement income and help you sleep better at night.
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2. Buy more fixed-income investments When you retire, your goal should be to keep pace with inflation rather than consistently beating the market. With the Fed's benchmark rate still holding steady at 3.50%-3.75% and poised to increase if inflation doesn't cool off, it could be a great time to buy more CDs, T-bills, and investment-grade bonds to generate stable, low-risk income as the broader market fluctuates.
Municipal bonds, which are exempt from Federal taxes and state taxes (if you live in the issuing state or a state with no income taxes), are also a great option for retirees who want to generate passive income without increasing their tax burden.
3. See how much passive income you actually need Lastly, retirees should consider whether they actually need to collect Social Security benefits or withdraw funds from their retirement accounts to supplement their passive income. While you can start claiming your Social Security benefits at the age of 62, your annual payments will be permanently reduced by 30%. You can only claim the full payments if you start claiming them at the Full Retirement Age (FRA) of 67.
You can only start withdrawing from your IRAs and other retirement accounts after the age of 59 1/2 without incurring the IRS' 10% penalty for early withdraws on tax-deferred accounts. Therefore, if you already have plenty of liquidity and passive income, there's no need to prematurely touch those locked-up funds.
Nvidia Corporation faces rising competitive threats from customer-developed ASICs, prompting strategic defensive moves to maintain AI chip dominance. NVDA is locking up TSMC capacity, investing in neoclouds, and launching initiatives like Nemotron and revenue-share agreements to counter customer disintermediation. I see NVDA's business moat as narrowing, justifying a lower multiple versus hyperscalers, but its near-term growth and earnings beat potential remain compelling.
SummaryVisa is rated Buy, with the current valuation offering a solid margin of safety and strong growth prospects, especially via value-added services.Q2’FY26 saw robust 17% YoY net revenue growth, a 20% EPS increase, and resilient consumer spending, supporting continued bullishness.Value-added services now comprise 30% of V’s net revenue, growing ~28% YoY, and are central to mitigating macro and disruption risks.DCF analysis yields an intrinsic value above the current price, with buybacks and strong cash flow supporting shareholder returns. FinkAvenue/iStock Editorial via Getty Images
Introduction Visa (V) serves as the backbone of the modern digital economy, with a strong footprint across the globe and an ongoing pivot into value-added services that can help it offset the broader macro
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of V, MA, BABA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
The House of Representatives passed the Digital Asset Market Clarity (CLARITY) Act last July, which establishes a clearer federal framework for digital assets. However, the CLARITY Act remains in limbo in the Senate due to one major roadblock: how to handle stablecoins that pay interest-like rewards. Traditional banks want to ban stablecoin yields to protect their deposits. In contrast, crypto exchanges like Coinbase (COIN +2.05%) -- which earn revenue by taking a cut of the interest generated from the assets backing those stablecoins -- want them permitted.
In early May, Senators Thom Tillis and Angela Alsobrooks finally brokered a compromise: to ban passive stablecoin rewards (earned from just holding the token) but permit activity-based rewards (tied to actual transactions or platform utility). That compromise allowed the Senate to finally draft a new version of the bill that could clear a final vote.
Image source: Getty Images.
However, JPMorgan Chase (JPM +1.43%) CEO Jamie Dimon recently warned that any yield-bearing stablecoins providing bank-like returns without comparable capital, liquidity, and capital-protection requirements could create a "shadow banking" crisis. Dimon and major banking trade groups, including the American Bankers Association, are also ramping up their lobbying efforts to completely ban all yield-generating stablecoins.
How will that pressure impact crypto companies? If that pressure forces the Senate to revise the CLARITY Act to ban all stablecoin yields, two companies could suffer the most: Circle (CRCL +6.55%) and Coinbase (COIN +2.05%).
Circle issues USD Coin (USDC 0.02%), the most widely used stablecoin in the United States. It generates most of its revenue by collecting interest on the cash and U.S. Treasury bills that it holds to back its minted stablecoins. Coinbase, a founding partner of USDC, retains all of Circle's interest income on its platform and half of its residual reserve income.
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If the revised CLARITY Act bans all stablecoin yields, those tokens will become a lot less appealing than U.S. dollars. As that appeal wanes, Circle will mint fewer USDC tokens, accumulate less cash and Treasuries, and collect less interest. Less of that interest will flow to Coinbase, which will also collect lower fees as its stablecoin trading volumes decline.
The outcome is far from certain In a recent Fox Business interview, Dimon said about the CLARITY Act's stance on stablecoin yields: "We'll fight it. If we lose, we lose, and we'll live." Therefore, it's still unclear how this battle will end -- but we'll likely see some more clashes before Congress breaks for its August recess.
JPMorgan Chase is an advertising partner of Motley Fool Money. Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.
Zoom Communications is rated a 'buy' due to undervaluation, robust AI-driven growth, and a pristine balance sheet. ZM's enterprise revenue grew 7.2%, with large customers rising 8% and non-GAAP operating margin reaching 41.1%. AI Companion adoption surged 184% YoY, driving platform expansion and prompting management to raise full-year guidance.
Key Takeaways Major banks begin Q2 earnings, setting the tone for bank ETFs and the financial sector.ETFs like XLF could benefit if loan growth and higher rates support bank profitability.KBWB offers exposure to banking giants as investors watch credit quality and loan loss provisions. A striking tug-of-war is playing out across Wall Street. On one side, investors are on high alert due to sudden economic mixed signals — namely a sharp cooldown in the labor market and sticky inflation that has kept potential interest rate hikes on the table under the new Fed leadership. On the other side, relentless capital inflows and a massive wave of infrastructure spending continue to fuel an exceptional stock market rally, which has led the S&P 500 to experience its best quarter in six years.
Against this tense backdrop, the financial sector is poised to take center stage as a cohort of major banking giants kicks off the second-quarter earnings season this week. These upcoming reports are far more than a simple scorecard for individual institutions; they represent a critical, real-time health check on corporate margins and consumer resilience, heavily dictating the near-term trajectory of banking exchange-traded funds (ETFs).
Peeping Through the Q2 LensWith the Q2 earnings season kicking off this week as Wall Street’s heavyweights report, we get a front-row seat to the real engine of the banking sector. The same macroeconomic crosscurrents rattling the broader market — shifting interest rate expectations and labor market uncertainty — are also shaping loan demand and asset quality, the two key pillars of bank profitability.
The latest assets and liabilities report published by the Federal Reserve reflects a smooth acceleration in loan growth during the majority of second-quarter 2026, with the "Loans and Leases in bank credit" category having surged at an annual rate of 8.9% in April and 6.1% in May.
In particular, the Commercial and Industrial (“C&I”) loan segment delivered a significant growth trend. C&I loans surged at an annual rate of 15.9% in April alone, surpassing the 12.2% growth witnessed in the first quarter, before moderating to a still-strong 10.9% in May.
On the other hand, asset quality remains a critical area to approach with caution. While the market consensus expects credit metrics to moderately stabilize, investors remain highly sensitive to vulnerabilities in credit cards, auto loans, and commercial real estate. Wall Street continues to keep a sharp focus on any sequential rise in net charge-offs and, crucially, whether banks are ramping up their loan loss provisions — a definitive signal that institutions are hoarding capital to brace for rising defaults later this year.
A powerful resurgence in investment banking has supercharged merger and acquisition (M&A) activity throughout the first half of the year, providing a substantial tailwind to the profitability of Wall Street’s largest institutions. This momentum is further amplified by an accelerating capital markets engine, where a robust wave of initial public offerings (IPOs) and heavy debt issuance should act as major growth catalysts for the banks’ profitability.
Persistent inflation in the United States caused the country’s interest rate to remain elevated through the first half of 2026. For major banks, this higher-for-longer rate environment is likely to have offered an opportunity to expand their net interest margins (NIM), provided they can successfully contain rising deposit costs while capitalizing on elevated lending yields.
Expected Earnings ScenarioLet’s delve deeper into the likely earnings picture of the big six banking companies that could drive the performance of the Finance sector ahead, with its total second-quarter earnings expected to surge 12.5% on 8.1% higher revenues, per our Earnings Trend Report issued on July 2, 2026.
The big six bankers that are set to report next week are:
JPMorgan Chase & Co. (JPM - Free Report) is expected to report $5.49 per share in earnings on $48.71 billion in revenues, suggesting year-over-year growth of 10.5% and 5.2%, respectively.
Citigroup Inc. (C - Free Report) is expected to report $2.65 per share in earnings on $23.46 billion in revenues, implying year-over-year growth of 35.3% and 8.3%, respectively.
The Goldman Sachs Group (GS - Free Report) is likely to report $14.01 per share in earnings on $16.31 billion in revenues, suggesting year-over-year growth of 28.4% and 11.8%, respectively.
Wells Fargo & Company (WFC - Free Report) is expected to report $1.73 per share in earnings on $21.76 billion in revenues, implying year-over-year growth of 12.3% and 4.5%, respectively.
Bank of America (BAC - Free Report) is anticipated to post $1.11 per share in earnings on $30.26 billion in revenues, suggesting year-over-year growth of 24.7% and 14.4%, respectively.
Morgan Stanley (MS - Free Report) is expected to report $2.78 per share in earnings on $19.02 billion in revenues, implying year-over-year growth of 30.5% and 13.3%, respectively.
Bottom LineTo conclude, the underlying health of the banking sector remains fundamentally resilient, even as it navigates defined friction points like persistent deposit costs and localized asset quality worries. However, the picture is far from bleak. With a powerful, realized revival in global dealmaking and robust underwriting activity providing an undeniable structural tailwind, the broader outlook points toward a path of stabilized, high-quality growth.
For investors looking to play this trend, major financial ETFs mentioned below offer a direct vehicle to capture this momentum — providing highly concentrated, liquid exposure to the banking heavyweights that are kicking off the second-quarter reporting cycle this week.
These ETFs include Financial Select Sector SPDR ETF (XLF - Free Report) , Invesco KBW Bank ETF (KBWB - Free Report) , iShares US Financials ETF (IYF - Free Report) , Vanguard Financials ETF (VFH - Free Report) and iShares U.S. Financial Services ETF (IYG - Free Report) .
, /PRNewswire/ -- W. P. Carey (W. P. Carey, NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced the release of its 2025 Corporate Responsibility Report.
W. P. Carey Releases 2025 Corporate Responsibility Report Prepared in reference to disclosure standards established by the Task Force on Climate-related Financial Disclosures (TCFD) and Global Reporting Initiative (GRI), the report summarizes W. P. Carey's progress and achievements across corporate responsibility initiatives, focused on the company's environmental, social and governance objectives. It can be viewed and downloaded from W. P. Carey's website at www.wpcarey.com/corporate-responsibility.
Jason Fox, Chief Executive Officer and President, W. P. Carey, said: "Our Corporate Responsibility Report reflects the continued integration of sustainability, social impact and strong governance across our business. We remain focused on initiatives that strengthen our portfolio and drive long-term value for our shareholders, guided by our dual commitments to Investing for the Long Run and Doing Good While Doing Well."
W. P. Carey Inc.
W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.
www.wpcarey.com
This press release may contain forward-looking statements within the meaning of U.S. Federal securities laws. The comments of Mr. Fox are examples of forward-looking statements. A number of factors could cause W. P. Carey's actual results, performance or achievement to differ materially from those anticipated. Other unknown or unpredictable risks or uncertainties, like the risks related to fluctuating interest rates, the impact of inflation on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises (such as terrorism, military conflict, war or the perception that hostilities may be imminent), political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the Securities and Exchange Commission (SEC), could also have material adverse effects on our future results, performance or achievements. Discussions of some of these other important factors and assumptions are contained in W. P. Carey's filings with the SEC and are available at the SEC's website at http://www.sec.gov, including Part I, Item 1A. Risk Factors in W. P. Carey's Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
Institutional Investors:
Peter Sands
1 (212) 492-1110
[email protected]
Individual Investors:
W. P. Carey Inc.
1 (212) 492-8920
[email protected]
