Acquisition reinforces Lockheed Martin's commitment to domain expertise in anti-submarine warfare
, /PRNewswire/ -- Lockheed Martin [NYSE: LMT] today announced the signing of a definitive agreement to acquire Ultra Maritime, a global defense company specializing in advanced undersea warfare and anti-submarine warfare (ASW) capabilities for allied naval forces for $3.45 billion. The company develops and delivers mission-critical systems including sonar technologies, sonobuoys, torpedo defense systems, radar solutions, and autonomous maritime sensing platforms.
"Undersea superiority belongs to those who move fastest and work together best," said Stephanie C. Hill, president of Lockheed Martin Rotary and Mission Systems. "By joining forces with Ultra Maritime, we're accelerating our commitment to deliver the most advanced undersea and anti-submarine warfare capabilities to our U.S. and allied partners across the globe."
"When we invested in Ultra Maritime in 2022, we saw a business with mission-critical technology and a vital role in protecting allied nations from undersea threats, but one that had been underinvested and was not yet fully delivering for its customers," said Shonnel Malani, managing partner at Advent and chair of the board at Ultra Electronics. "Over the past four years, we have changed that. Ultra Maritime is now a stronger, more innovative partner to allied navies, with improved execution, greater industrial capacity and next-generation autonomous solutions that position it well for future warfare."
Ultra Maritime's international footprint and portfolio of exportable ASW products, such as its sonobuoys, towed sonar arrays and hull mounted sonar product lines, will complement and expand Lockheed Martin's ability to offer sonar solutions across next-gen maritime platforms.
Upon closing, the team will become part of Lockheed Martin's Rotary and Mission Systems business area.
Advisors
Citi is serving as financial advisor, Hogan Lovells Cadwalader is serving as legal counsel, and Fried Frank is serving as tax counsel to Lockheed Martin.
About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.
Lockheed Martin logo is seen in this illustration taken July 26, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesJuly 6 (Reuters) - Lockheed Martin (LMT.N), opens new tab will buy naval defense company Ultra Maritime from private equity firm Advent for $3.45 billion, bolstering its portfolio as global demand for military technology surges.
After the closing of the deal, announced on Monday, Ultra Maritime will become a part of Lockheed's rotary and mission systems, which reported revenue of $17.3 billion in 2025 and employs 35,000 people worldwide.
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Sustained conflicts in Ukraine and the Middle East, and U.S. President Donald Trump's $1.5 trillion defense budget request for 2027 are driving up demand for weapons and military technology, pushing defense contractors to expand their capabilities.
Ultra Maritime, specializing in anti-submarine warfare and undersea defense technologies, is a part of Cobham Ultra — created after Advent acquired British aerospace company Cobham in 2020 and then combined it with Ultra Electronics following its 2022 takeover.
Lockheed said Ultra Maritime's international presence and a portfolio of exportable anti-submarine warfare technologies, including naval sonar sensing systems, will complement and expand its existing sonar solutions.
Earlier this year, Ultra Maritime received a development contract from the U.S. Navy for its underwater acoustic decoy, designed to protect ships or submarines from torpedoes.
In 2025, Ultra Maritime announced a partnership with Anduril Industries to advance autonomous ocean sensing, and General Atomics Aeronautical Systems to develop unmanned airborne anti-submarine warfare capabilities.
Reporting by Aishwarya Jain in Bengaluru; Editing by Shilpi Majumdar
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Broadcom logo is seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 6 (Reuters) - Broadcom (AVGO.O), opens new tab said on Monday it has agreed to expand its partnership with Apple (AAPL.O), opens new tab through 2031 to develop and supply custom chips, easing concerns over the iPhone maker's reliance on the chipmaker.
The chipmaker, whose shares jumped nearly 4% in premarket trading, has been supplying key components to Apple for a very long time, including radio frequency chips used in iPhones for connecting to cellular networks, Wi-Fi and Bluetooth connectivity chips and other networking semiconductors.
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Apple accounts for about 20% of Broadcom's annual revenue, according to analysts, making it one of the chipmaker's largest customers. Despite developing its own chips, including the C1 modem, Apple relies on Broadcom for wireless and radio-frequency components.
The extended partnership reinforces Apple's strategy of locking in long-term supply agreements with key chipmakers to bolster the resilience of its supply chain.
The companies had in 2023 announced a multibillion-dollar agreement for Broadcom to develop and manufacture 5G radio frequency components.
The boom in inference - the process by which models respond to user queries - has made custom chips crucial, increasing the orders for advanced processors and intensifying competition.
Apple relies on Taiwan's TSMC (2330.TW), opens new tab, the world's largest contract chipmaker, for its in-house processors, including the M-series chips that power its Mac computers and the A-series chips in iPhones.
TSMC has been stretched thin by surging demand from AI chipmakers such as Nvidia, which Apple CEO Tim Cook said in April had held back iPhone sales.
Apple is also in discussions with Intel (INTC.O), opens new tab to manufacture some chips in the U.S., though analysts have said volume production is unlikely before late 2027.
The company was forced to raise prices of its MacBooks and iPads in June as memory chip costs surged as much as 98% in early 2026, driven by AI datacenter demand.
Reporting by Akash Sriram and Anhata Rooprai in Bengaluru; Editing by Shinjini Ganguli and Arun Koyyur
Our Standards: The Thomson Reuters Trust Principles., opens new tab
The DealAccording to Reuters, Broadcom and Apple have agreed to expand their partnership through 2031, covering the development and supply of a range of custom chips. Broadcom has been a long-standing supplier to Apple, providing key components including custom radio frequency chips used in iPhones, Wi-Fi and Bluetooth connectivity chips, and other networking semiconductors.
Apple is one of Broadcom’s largest customers, with analysts estimating the iPhone maker accounts for a major chunk of Broadcom’s annual revenue, making it a critical contributor to the chip firm’s semiconductor business.
Broadcom Shares Race HigherAVGO Price Action: At the time of publication, Broadcom shares are trading 4.15% higher at $375.40, according to data from Benzinga Pro.
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Key Takeaways APD shares gained 13.5% in a month as portfolio actions boosted investor confidence.APD exited the Louisiana Clean Energy Complex after expected returns failed to meet its criteria. Air Products is finalizing an agreement with Yara to market renewable ammonia from the NEOM project. Air Products and Chemicals, Inc.’s (APD - Free Report) shares have gained 13.5% over the past month. The company has also outperformed the Zacks Chemicals Diversified industry’s decline of 2.2% over the same time frame. APD has also topped the S&P 500’s 0.5% rise over the same period.
Let’s dive into the factors behind APD stock’s price appreciation.
APD’s One-month Price Performance
Image Source: Zacks Investment Research
What’s Driving APD’s Stock?APD’s gains reflect its recent move to exit the Louisiana Clean Energy Complex (LCEC) project, as expected financial returns fail to meet its stringent return criteria. APD also said that it is finalizing a marketing and distribution agreement for renewable ammonia from the NEOM Green Hydrogen Project in Saudi Arabia with Yara International ASA.
Air Products also decided to discontinue its proposed zero-carbon liquid hydrogen plant in Casa Grande, AZ, along with several small-scale clean energy distribution projects. The move reflects challenging market conditions, project-specific economic hurdles and slower-than-anticipated growth in specific markets, especially hydrogen for mobility. The LCEC project exit and other portfolio actions are expected to result in pre-tax charges not exceeding $2.9 billion in APD's fiscal third quarter. APD plans to maximize the redeployment of certain assets to current or future projects.
These strategic actions to streamline the company's clean energy strategy and optimize its project portfolio removed a major investor overhang, driving the stock higher. The company's disciplined focus on portfolio optimization and higher-return opportunities has also strengthened investor confidence in its long-term growth prospects.
Air Products reaffirmed its commitment to expanding its presence in Louisiana, where it operates 18 industrial gas plants and the world's largest hydrogen pipeline network, supplying refinery customers across the U.S. Gulf Coast. Through its agreement with Yara, the company will also utilize Yara’s global supply chain to market and distribute renewable ammonia worldwide.
Meanwhile, Air Products remains focused on driving productivity to improve its cost structure. It is seeing the positive impacts of its productivity actions. Benefits from additional productivity and cost improvement programs are likely to support its margins. The company also remains focused on improving pricing amid an inflationary environment.
Air Products is also taking action to right-size the organization through headcount reductions and expects these reductions to result in $250 million in annual cost savings once completed. It has already realized roughly $50 million in savings from headcount reduction, as divulged in its fiscal second quarter earnings call.
APD’s Zacks Rank & Other Key PicksAPD currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Basic Materials space are L.B. Foster Company (FSTR - Free Report) , Albemarle Corporation (ALB - Free Report) and Perimeter Solutions, Inc. (PRM - Free Report) . FSTR, ALB and PRM carry a Zacks Rank #1 (Strong Buy), each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for L.B. Foster’s current-year earnings is pegged at $1.74 per share, implying a 152.2% year-over-year increase. The Zacks Consensus Estimate for FSTR’s current-year earnings has been revised 6.1% higher over the past 60 days.
The consensus estimate for Albemarle’s current-year earnings is pegged at $12.98 per share, indicating a 1,743.2% year-over-year increase. ALB’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average surprise of 54.1%.
The Zacks Consensus Estimate for Perimeter Solutions’ current-year earnings stands at $1.78 per share, implying a 32.8% year-over-year increase. The Zacks Consensus Estimate for PRM’s current-year earnings has been revised 21.1% higher over the past 60 days.
CVS Health Corporation has outperformed peers, overcoming industry headwinds through effective management and strategic execution. CVS delivered a Q1 beat-and-raise, expects margin expansion in 2026, and projects low-double-digit investor returns. While Health Services and Insurance segments anticipate mid-single-digit growth, retail is set for gradual decline but with margin improvements.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- CVS Health® (NYSE: CVS) will hold a conference call with analysts and investors on Wednesday, August 5, 2026, at 8:00 a.m. ET to discuss second quarter 2026 financial results.
An audio webcast of the event will be broadcast simultaneously on the Investor Relations portion of the CVS Health website at investors.cvshealth.com where it will be archived for a period of one year.
About CVS Health
CVS Health is a leading health solutions company simplifying health care one person, one family and one community at a time. As of March 31, 2026, the Company had approximately 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics and a leading pharmacy benefits manager with approximately 88 million plan members. The Company also serves an estimated more than 37 million people through a broad range of health insurance products and related services. The Company's integrated model uses personalized, technology driven services to connect people to simply better health, increasing access to quality care, delivering better outcomes, and lowering overall costs.
Media contact
Ethan Slavin
860-273-6095
[email protected]
Investor contact
Larry McGrath
800-201-0938
[email protected]
SAN DIEGO, July 06, 2026 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Roblox Corporation (NYSE: RBLX) common stock between October 30, 2025 and April 30, 2026, both dates inclusive (the “Class Period”), have until Friday, August 7, 2026 to seek appointment as lead plaintiff of the Roblox class action lawsuit. Captioned Mukherjee v. Roblox Corporation, No. 26-cv-05489 (N.D. Cal.), the Roblox class action lawsuit charges Roblox and certain of Roblox’ top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Roblox class action lawsuit, please provide your information here:
You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].
CASE ALLEGATIONS: Roblox operates as a global video gaming and social networking company.
The Roblox class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants created the false impression that they possessed reliable information pertaining to Roblox’ bookings growth expectations and the overall anticipated impact from the age verification rollout while also minimizing risks associated with the rollout and its potential knock-on effects; (ii) Roblox misled investors when discussing tailwinds resulting from the age verification process while continuing to be “enormously bullish” on their tech rollouts as well as claiming to be able to “rely on [their] tremendous organic growth”; and (iii) Roblox relied far too heavily on viral events to drive growth and failed to communicate to investors the potential knock-on impacts of the age verification rollout, including how it could impact the platform’s ratings, engagement, and overall public perception.
On April 30, 2026, Roblox announced its 2026 first quarter results, allegedly reporting declines in revenue guidance and projected annual bookings growth, as well as reductions in communication engagement, app store ratings, and organic sign-ups as a result of the age verification rollout. On this news, the price of Roblox stock fell more than 18%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Roblox common stock during the Class Period to seek appointment as lead plaintiff in the Roblox class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Roblox class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Roblox class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Roblox class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
Calgary, Alberta and Vancouver, British Columbia--(Newsfile Corp. - July 6, 2026) - NUE Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (FSE: NUE1) ("NUE" or the "Company") today announced a 50/50 joint venture (the "JV") with Green Harbor Partners Corp. ("Green Harbor") that pairs Korean turbine and reciprocating-engine supply with development and GPU financing to serve data centre, AI, high-performance compute, and other large-load power customers across Canada and the United States. The JV is the next step in a deepening relationship between the two companies and a shared move toward vertical integration across the power value chain.
Gas and reciprocating-engine capacity has become the single hardest item to secure in the AI build-out. Western OEM order books for large turbines now stretch years, leaving developers and hyperscalers waiting behind a queue they cannot move. The JV attacks that constraint directly: Green Harbor's relationships with several of Korea's largest generation-equipment manufacturers are expected to open delivery windows that compare favourably to typical Western lead times, while NUE originates, develops, and interconnects the sites that equipment serves.
A Deepening Relationship, Now Vertically Integrated
The JV further advances an already burgeoning NUE-Green Harbor partnership in power generation. Green Harbor is already in advanced discussions to acquire NUE's Alberta solar and storage assets, and has partnered with NUE on Korean equipment supply and GPU financing. This venture brings those threads together into a single, coordinated platform: site development, generation equipment, and compute-capex financing under one relationship, rather than three separate problems a customer has to solve alone. It also reflects the current reality of the market, in which large loads are increasingly served by newly formed behind-the-meter generation that sidesteps multi-year grid interconnection queues.
The significance of the venture lies in Green Harbor's standing. Formerly Sprott Korea, Green Harbor manages and advises on more than 2.5 GW of global power generation assets and has operated in Korean and international power markets since 2012. Its equipment relationships and capital network are therefore not introductions on paper but the working relationships of an established institutional operator, which is what gives NUE credible access to Korean generation equipment on accelerated timelines, and to the financing that sits alongside it. For a development-stage company, aligning with a partner of that scale materially strengthens NUE's ability to convert early-stage opportunities into shovel-ready projects that infrastructure capital can fund and build.
For NUE, the JV is a capital-efficient extension of its develop-to-divest model: originate and advance early-stage power and digital-infrastructure opportunities, then monetize them through partnerships, royalties, development fees, and project-level structures, not a commitment to own or operate large-scale generation on its balance sheet.
Areas of Collaboration
On a project-by-project basis, the parties expect to pursue:
Site origination and development led by NUE: land, interconnection, permitting, EPC coordination, and offtake structuring;
Korean generation-equipment procurement supported by Green Harbor's manufacturer relationships, subject to availability, technical suitability, and pricing; and
GPU, AI-hardware, and project-level financing structures for creditworthy customers, subject to underwriting and definitive documentation.
AI Infrastructure Team
Jonathan Martone has joined NUE as Head of Offtake, leading commercial structuring and offtake origination across the portfolio, with a focus on power purchase agreements, customer engagement, and integrated power-and-compute structures. Mr. Martone brings more than two decades across data centres, interconnection, dark fibre, and power generation, including senior roles at Netrality Data Centers, Cyxtera Technologies, and CenturyLink.
Management Commentary
"Turbine lead times have become the gating item for AI infrastructure, and GPU capex is the second. This venture brings both within reach: production slots with Korea's largest turbine and engine makers, on windows the market can actually build to, paired with financing that lets creditworthy operators match compute capex to their revenue. With NUE's development platform in North America, we can put power, equipment, and financing in front of a customer as one decision, not three."
Jay Lee, Chief Executive Officer, Green Harbor Partners
"NUE is, and remains, an energy infrastructure developer. We get in early, advance projects through the hardest stages, and monetize them with the partners who scale them. This joint venture is the natural evolution of our relationship with Green Harbor: it vertically integrates equipment supply and capex financing around our development platform, so we can offer customers turbine delivery on a timeline the market can build to and financing for the hardware that runs on it. That expands our revenue, strengthens our core development business, and lets us bring large-scale capital partners to the table against the two constraints gating the AI build-out today."
Broderick Gunning, Chief Executive Officer, NUE Power Corp.
The letter of intent governing the JV is non-binding except for customary provisions relating to exclusivity, confidentiality, non-circumvention, costs, governing law, and dispute resolution, and remains subject to the negotiation and execution of definitive agreements. There is no assurance that definitive agreements will be reached or that any project will advance to financing, construction, or commercial operation.
About NUE Power Corp.
NUE Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (FSE: NUE1) is an energy infrastructure development company focused on the origination, development, and advancement of integrated power and energy-park opportunities. Operating a develop-to-divest model, the Company emphasizes strategic site positioning, grid access, and disciplined stage-gated development across markets serving compute-intensive and large-load industrial demand.
About Green Harbor Partners Corp.
Green Harbor Partners Corp. (formerly Sprott Korea) is a Seoul-based private equity investment firm specializing in renewable energy and infrastructure. Originally founded in 2012, the firm rebranded to Green Harbor following Sprott Inc.'s divestiture of its Korean business, and today manages and advises on more than 2.5 GW of global power generation assets. Any role Green Harbor may play in connection with NUE projects remains subject to definitive agreements and project-specific approvals.
Green Harbor Partners: At a Glance
MetricEstimateOwnershipPrivate companyFounded2012HeadquartersSeoul, South KoreaRenewable assets managed / advised2.5+ GWEstimated portfolio valueUS$3-5+ billionPortfolio value is an estimate; Green Harbor is privately held and does not publicly disclose financial results.
Contact Information
Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable securities laws, identified by words such as "anticipates," "intends," "expects," "estimates," "potential," "may," and "will." Forward-looking information is based on material assumptions, including: that the parties negotiate and execute definitive agreements on acceptable terms; the continued availability of generation equipment through Green Harbor's supply relationships on anticipated timelines and pricing; the availability of equipment, GPU or AI-hardware, and project-level financing on acceptable terms; the provision of satisfactory credit support by customers or counterparties; that discussions regarding the potential acquisition of the Lethbridge Two and Lethbridge Three projects by Green Harbor continue and are completed on acceptable terms; and the receipt of required regulatory, stock-exchange, and corporate approvals.
Actual results may differ materially due to risks including: that the letter of intent is non-binding and definitive agreements may not be reached; that equipment sourcing, pricing, and delivery timelines depend on third-party manufacturers and may not be achieved; that tariffs, trade restrictions, or changes in import/export policy could affect the cost, availability, or timing of equipment sourced through Green Harbor's Korean manufacturer relationships; that equipment, GPU or AI-hardware, or project-level financing remains subject to credit underwriting, capital availability, and definitive documentation; that counterparties may fail to perform or provide required credit support; that the potential separate acquisition of the Lethbridge Two and Lethbridge Three projects is subject to satisfactory due diligence and definitive documentation and may not be completed; that the Company may not realize the anticipated benefits of the joint venture, including expected revenue growth or strengthening of its development business; that information regarding Green Harbor's scale, assets under management, and portfolio value is provided by Green Harbor, has not been independently verified by the Company, and may not be accurate; and other risks customary to CSE-listed issuers. Additional risk factors are described in the Company's continuous disclosure available on SEDAR+ at www.sedarplus.ca. Except as required by law, the Company undertakes no obligation to update forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304028
Source: NU E Power Corp.
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NEW YORK, July 6, 2026 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the new Market Intelligence operating model. This evolution is designed to better align the business with changing customer needs and to position the company for growth in an AI-driven market, pairing its unmatched breadth and depth of data and deep domain expertise with more integrated AI-powered tools, workflows and experiences.
New reported business lines for Energy and Market Intelligence Updated allocated expenses and margins for the enterprise and all four divisions 2026 guidance reflecting the spin-off of Mobility to be provided with 2Q 2026 Earnings on July 28 NEW YORK, July 6, 2026 /PRNewswire/ -- S&P Global (NYSE: SPGI) is providing recast financial results, excluding the contribution from the Mobility division ("Mobility"). In a previous release dated July 1, 2026, the Company announced the successful completion of the spin of Mobility into an independent, public company – Mobility Global (NYSE: MBGL).
, /PRNewswire/ -- S&P Global's (NYSE: SPGI) second quarter 2026 results will be issued on Tuesday, July 28, 2026 via news release at approximately 7:15 a.m. Eastern Daylight Time. The news release will be available at www.spglobal.com.
Martina Cheung, President and CEO; Eric Aboaf, Chief Financial Officer; and Mark Grant, Senior Vice President, Investor Relations and Treasurer, will host a conference call and webcast at 8:30 a.m. Eastern Daylight Time on July 28, 2026 to discuss the Company's second quarter 2026 financial results.
The presentation is open to all interested parties and may include forward-looking information. The presenters' slides, supplemental deck, and any additional information provided during the presentation will be made available at http://investor.spglobal.com/Quarterly-Earnings.
Webcast Instructions: Live and Replay
The webcast (audio and slides) will be available live and as an archived replay through the Company's Investor Relations website at http://investor.spglobal.com/Quarterly-Earnings. The archived replay will be available beginning two hours after the conclusion of the live call and will remain available for one year.
Telephone Access: Live and Replay
The call begins at 8:30 a.m. Eastern Time. Please dial in by 8:20 a.m.
- For callers in the U.S.: (888) 603-9623
- For callers outside the U.S.: +1 (630) 395-0220 (long-distance charges will apply)
- Conference passcode S&P Global
The recorded telephone replay will be available beginning two hours after the conclusion of the call and will remain available until August 28, 2026.
- For callers in the U.S.: (866) 360-7720
- For callers outside the U.S.: +1 (203) 369-0172 (long-distance charges will apply)
About S&P Global
S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive in a rapidly changing global landscape.
From helping our customers assess new investments across the capital and commodities markets to navigating the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world's leading organizations to unlock opportunities, solve challenges, and plan for tomorrow – today. Learn more at www.spglobal.com.
Investor Relations: http://investor.spglobal.com
Contact:
Investor Relations:
Mark Grant
Senior Vice President, Investor Relations and Treasurer
Tel: +1 (347) 640-1521
[email protected]
The Q2 LossAccording to a Form 8-K filed Monday, Strategy recorded an $8.32 billion loss on digital assets during the three months ended June 30 — including $8.31 billion in unrealized losses — as Bitcoin prices fell below the average cost basis of its holdings. As a result, Strategy will record a full valuation allowance against its deferred tax benefit and deferred tax asset associated with the unrealized loss, wiping those amounts out entirely for the quarter.
The filing also disclosed that Strategy sold Bitcoin during two separate periods last week. Between June 29 and June 30, the company sold 1,363 BTC for approximately $80.8 million at an average price of $59,256 per coin. Between July 1 and July 5, Strategy sold an additional 2,225 BTC for approximately $135.2 million at an average price of $60,773 per coin.
Both rounds of sales were used to fund preferred stock dividend payments and replenish the company’s USD Reserve. Strategy did not purchase any Bitcoin or repurchase any shares during the period.
Where Things StandAs of July 5, Strategy holds 843,775 BTC with an aggregate cost basis of about $63.69 billion, an average purchase price of $75,476 per coin. With Bitcoin trading around $60,000, the company is sitting on significant unrealized losses across its entire holdings. The USD Reserve stood at $2.55 billion as of July 5, with the full $1.25 billion in Board-authorized BTC monetization capacity still available.
Strategy Shares DeclineMSTR Price Action: At the time of publication, Strategy shares are trading 2.41% lower at $98.34, according to data from Benzinga Pro.
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BRENTWOOD, Tenn., July 06, 2026 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today that on July 2nd, 2026, it completed the sale of its 2,560-bed California City Detention Facility in California City, California (the California City Facility) and its 1,994-bed Otay Mesa Detention Center in San Diego, California (the Otay Mesa Facility) to the United States of America and its assigns, by and through the Department of Homeland Security for an aggregate gross sales price of $1.5 billion, including $732.6 million for the California City Facility and $739.2 million for the Otay Mesa Facility. These two purpose-built facilities were specifically designed to care for individuals in a secure environment. After federal and state income taxes of approximately $0.4 billion and transaction expenses, the Company anticipates its net proceeds from the asset sales to be approximately $1.1 billion.
The Company expects to use a portion of the net proceeds from the asset sales to
Repay all or a portion of the outstanding indebtedness under the Company’s Bank Credit Facility, which currently has an outstanding balance of $270.0 million on the Revolving Credit Facility, $107.8 million on the Initial Term Loan, and $100.0 million on the Incremental Term Loan, and Repay the remaining outstanding balance of $238.5 million of the Company’s 4.75% senior notes, which are scheduled to mature in October 2027 (the 4.75% Notes).
The Company expects to use the remaining net proceeds for general corporate purposes, which may include additional debt repayments and share repurchases of the Company’s common stock. The credit agreement governing the Company’s Bank Credit Facility (the Credit Agreement) and the indenture (the 2029 Notes Indenture) governing the Company’s outstanding 8.25% senior notes due 2029 (the 8.25% Notes) limit our ability to make certain restricted payments, including share repurchases. However, the Company is permitted to make unlimited restricted payments (i) under the Credit Agreement, to the extent the Company’s consolidated secured leverage ratio (as defined therein) calculated on a pro forma basis after giving effect to such restricted payment would be equal to or less than 1.50 to 1.00 and no default exists thereunder, and (ii) under the 2029 Notes Indenture, to the extent the Company’s consolidated total leverage ratio (as defined therein) calculated on a pro forma basis after giving effect to such restricted payment would be equal to or less than 2.00 to 1.00.
The Company also expects to maintain balance sheet flexibility to pursue growth opportunities. These opportunities include, but are not limited to, potential acquisitions within the Company’s lines of business and those that provide complementary services provided such opportunities enhance the Company’s business, diversify the Company’s cash flows, and/or increase the services the Company offers to its customers, similar to the acquisition of Clinical Solutions Pharmacy completed on April 1, 2026.
The Company currently expects to continue to manage the California City Facility and the Otay Mesa Facility under the existing management contracts with Immigration & Customs Enforcement (ICE) related to each facility, although the terms of the management contracts may be modified to reflect the change in ownership. However, the Company can provide no assurance that it will continue to manage these facilities in the future, or that the terms of the existing management agreements will remain the same. As has always been the case, ICE has the ability to terminate the management contracts for non-appropriation of funds or for convenience. The management contract for the California City Facility expires in August 2027, and the management contract for the Otay Mesa Facility expires in December 2029 and contains a five-year extension option.
In addition to these asset sales, the Company has been in discussions with ICE about the potential acquisition of additional detention facilities from the Company. These discussions are in various stages, and the Company can provide no assurance that any additional sales will occur.
Patrick Swindle, CoreCivic's President and Chief Executive Officer, commented, "We are pleased with the sales of these two mission-critical facilities for the Company’s government partner, which demonstrates the value of the Company’s underlying real estate portfolio, while reflecting our role as a long-term, flexible solutions provider to government. The sale of these facilities at what we believe is a fair valuation provides the Company with significant balance sheet flexibility and positions us well to grow the Company’s businesses and return value to its shareholders, while remaining a dependable partner for government."
About CoreCivic
CoreCivic is a diversified, government-solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that help build safer, healthier, and more productive communities one person at a time through residential corrections, detention, and reentry management, adjacent service offerings that include pharmaceutical, transportation, and alternatives to incarceration, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and one of the largest operators of such facilities in the United States. CoreCivic has been a flexible and dependable partner for government for more than 40 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. Learn more at www.corecivic.com.
Forward-Looking Statements
This press release contains statements as to our beliefs and expectations of the outcome of future events that are "forward-looking" statements as defined within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These include, but are not limited to, the risks and uncertainties associated with: (i) changes in government policy, legislation and regulations that affect utilization of the private sector for corrections, detention, and residential reentry services, in general, or our business, in particular, including, but not limited to, the continued utilization of our correctional and detention facilities by the federal government as a consequence of presidential executive orders, changes in how the federal government, including ICE, elects to use our detention capacity or otherwise procures alternative detention capacity, and the impact of any changes to immigration reform and sentencing laws (we do not, under longstanding policy, lobby for or against policies or legislation that would determine the basis for, or duration of, an individual’s incarceration or detention); (ii) our ability to obtain and maintain correctional, detention, and residential reentry facility management contracts because of reasons including, but not limited to, sufficient governmental appropriations, contract compliance, negative publicity and effects of inmate disturbances; (iii) changes in the privatization of the corrections and detention industry, the acceptance of our services, the timing of the opening of new facilities and the commencement of new management contracts (including the extent and pace at which new contracts are utilized), as well as our ability to utilize available beds; (iv) our ability to successfully activate idle facilities in a timely manner in order to meet the growth in demand for our facilities and services from the federal government that has occurred as a result of changes in policies and actions of the current presidential administration, and to realize projected returns resulting therefrom; (v) general economic and market conditions, including, but not limited to, the impact governmental budgets can have on our contract renewals and renegotiations, per diem rates, and occupancy; (vi) fluctuations in our operating results because of, among other things, changes in occupancy levels; competition; contract renegotiations or terminations; inflation and other increases in costs of operations, including a rise in labor costs; fluctuations in interest rates and risks of operations; (vii) government budget uncertainty, the impact of debt ceilings and government shutdowns, including partial shutdowns, and changing budget priorities; (viii) our ability to successfully identify and consummate future development and acquisition opportunities, integrate their operations, and realize projected returns resulting therefrom; (ix) the availability of debt and equity financing on terms that are favorable to us, or at all; and (x) the potential for additional sales and intended use of proceeds from the asset sales described in this press release. Other factors that could cause operating and financial results to differ are described in the filings we make from time to time with the Securities and Exchange Commission.
We take no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events or for any changes or modifications made to this press release or the information contained herein by any third-parties, including, but not limited to, any wire or internet services, except as may be required by law.
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, including the 4.75% Notes or the 8.25% Notes, nor shall it constitute a notice of redemption under the indenture governing the 4.75% Notes or the 2029 Notes Indenture, nor shall there be any offer, solicitation or sale of the 4.75% Notes, the 8.25% Notes or any other securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
NIO stock is showing upward movement. Why is NIO stock advancing? What Catalyst Is Driving NIO’s Strong Delivery Growth?NIO reported June deliveries of 40,597 vehicles, up 62.9% year over year, and Q2 deliveries of 107,658 vehicles, up 49.4% year over year. The company said cumulative deliveries reached 1,188,715 as of June 30, helped by premium-model traction including the NIO ES9 hitting 10,000 cumulative deliveries within 30 days of launch.
NIO also got a brand-strength datapoint in the quarter with the All-New ES8 surpassing 120,000 cumulative deliveries, a milestone that can help support pricing and mix as competition intensifies.
In the broader China EV backdrop, peers also posted fresh delivery updates, including XPeng and Li Auto, keeping the group in focus heading into the open.
Li Auto’s June deliveries fell 14.8% year over year to 30,895, and that divergence provides a benchmark for NIO because relative delivery momentum often drives near-term pair trades across China EV ADRs like NIO and LI. Li Auto’s footprint expansion to 495 retail stores and 4,097 supercharging stations underscores how hard rivals are pushing distribution and charging scale, raising the bar for NIO’s execution even as it posts stronger unit growth.
NIO Stock: Key Technical Levels To WatchEven with Monday’s premarket lift, NIO is still trading below its major trend gauges: about 4.8% below the 20-day SMA ($5.10) and roughly 13% to 16% below the 50-day, 100-day, and 200-day SMAs ($5.62, $5.61, and $5.77). That alignment keeps the longer-term trend bearish, and the "death cross" from June (50-day SMA below the 200-day SMA) reinforces that sellers have controlled the bigger picture.
Momentum is the more interesting part right now: MACD is above its signal line and the histogram is positive, which points to easing downside pressure versus the prior downswing. In plain terms, when MACD is above its signal line, it often means bearish momentum is fading even if price hasn’t reclaimed key averages yet.
Key Resistance: $5.00 — a nearby round-number level where rebounds can stall, sitting just above the current price and below the 20-day averages. What Is NIO and How Does It Compete?Nio is a leading electric vehicle maker focused on the premium segment. Founded in November 2014, it designs, develops, jointly manufactures, and sells smart EVs, and it tries to stand out with tech like battery swapping and autonomous driving.
Its lineup spans sedans and SUVs, and it sold around 326,000 EVs in 2025—about 2% of China’s passenger new energy vehicle market. That’s why delivery updates matter so much for the stock: they’re one of the cleanest, most frequent reads on demand and competitive positioning.
NIO’s competitive set is also widening outside China as Stellantis-backed Leapmotor launched the B10 crossover in Mexico at 575,000 pesos (about $33,000), with an EREV setup claiming over 615 miles of combined range. That matters to NIO because lower-priced Chinese entrants expanding abroad can pressure the global EV pricing umbrella and shape investor expectations for margins across the group.
NIO Stock Price Action: Premarket Movement OverviewNIO Stock Price Activity: Nio shares were up 1.25% at $4.85 during premarket trading on Monday, according to Benzinga Pro data.
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Plug Power stock is holding steady today. What’s the outlook for PLUG shares? What Is Driving Plug Power’s Progress in Denmark?The latest spark is progress in Denmark, where the company completed installation, commissioning, site acceptance testing, and handover of a 5 MW GenEco PEM electrolyzer system at the Måde Power-to-X facility in Esbjerg, moving the site into active hydrogen production. At full capacity, Plug expects about 550 metric tons of green hydrogen per year (roughly 1,500 truckloads), with output certified as Renewable Fuel of Non-Biological Origin under the ISCC scheme.
That operational milestone is landing against a backdrop where the stock has recently shown sharp two-way trade, including a session where shares were down even after the Denmark handover, highlighting how quickly sentiment can flip in this tape.
Plug Power Stock: Key Technical Levels to WatchFrom a longer-term view, the stock is trying to hold a base just above the 200-day SMA at $2.62, which keeps the bigger-picture trend from breaking down further. But it’s still trading 5.6% below the 20-day SMA ($2.81) and 17.9% below the 50-day SMA ($3.23), a setup that often turns those faster averages into "sell zones" on rebounds.
Momentum is best framed by MACD right now: it’s below its signal line and the histogram is negative, which points to upside pressure fading versus the prior upswing unless buyers can reclaim that baseline. In plain terms, MACD compares shorter- and longer-term momentum, and being below the signal line usually means the push higher is cooling.
The crossover picture stays split, with the 20-day SMA below the 50-day SMA (bearish near-term structure) while the September 2025 golden cross (50-day above 200-day) remains intact. Zooming out, the stock is still working inside a wide 52-week range between $1.35 and $4.58, with a recent swing low in April and swing high in June still framing the consolidation.
Key Resistance: $2.50 — a nearby round-number area where rebounds can stall How Plug Power Builds Its Green Hydrogen EcosystemPlug Power is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe.
That matters for the Denmark update because it’s an example of moving an electrolyzer project from "announced" to "operating," which is what investors tend to look for after a volatile year. Management has also been emphasizing a more repeatable, containerized design approach aimed at reducing on-site complexity and speeding time-to-production.
Plug has framed that "repeatable execution" push as a discipline lever, with CEO José Luis Crespo tying the containerized build approach to more controlled growth as the company works to convert project wins into running assets.
Plug Power Stock Price Movement During PremarketPLUG Stock Price Activity: Plug Power shares were up 0.73% at $2.66 during premarket trading on Monday, according to Benzinga Pro data.
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Externally managed BDCs have to meet a high bar to qualify for a durable income portfolio. Their fees and sub-optimal incentives provide a structural headwind for long-term compounding. In my portfolio, I hold 2 externally managed BDCs that have passed the test.
Kovovou kostru skrývá pod pružnou, realisticky vypadající umělou kůží, na rukou má upravené nehty a při rozhovoru se dívá svému protějšku do očí. Je vybaven kamerami v očích, senzory v hrudi a mikrofony. Díky umělé inteligenci (AI) dokáže konverzovat, naslouchat nebo nabídnout ruku. To je nový humanoidní robot U1 od čínské společnosti UBTech, kterého firma označuje za prvního realisticky vyhlížejícího robota určeného pro sériovou výrobu. Nabízí ho jako lék na osamělost, píše agentura AFP.
Základní verze robota U1 stojí 119 800 jüanů (373 300 Kč). Varianta Ultra s pokročilejšími funkcemi pak vyjde na 990 000 jüanů (3,1 milionu Kč). Pokud zaplatíte dostatečnou částku, lze vlasy, obličej i oblečení androidů přizpůsobit tak, aby připomínali milovanou osobu, celebritu nebo smyšlenou postavu.
"Naši bioničtí roboti vás mohou doprovázet po celý život," řekl šéf značky UWorld společnosti UBTech Michael Tam. "Nikdy vás nezradí, vždy vám budou věrní a budou vás bezpodmínečně milovat," uvedl.
Mužská i ženská verze robota U1 dokážou díky AI vést konverzaci, nabídnout uklidňující slova, pokud rozpoznají únavu nebo stres, a postupně se přizpůsobovat svému uživateli, kterého se učí poznávat. Produkt je určen především pro svobodné a osoby starší 60 let. To je podle Tama v Číně obrovský trh, čítající přibližně 120 milionů, respektive 320 milionů lidí. "Tito lidé velmi potřebují společnost," dodal.
UBTech uvedla, že již obdržela více než 13 300 předobjednávek. Dodávky humanoidů mají začít v září.
Robotika zažívá celosvětový rozmach a čínské start-upy v tomto odvětví v posledních letech výrazně posílily. Výhodu jim poskytuje mimo jiné přístup k rozsáhlým domácím dodavatelským řetězcům.
S úklidem nepomůže, ani neuvaří
Základní model U1 dokáže hýbat hlavou, očima a ústy a má výdrž baterie až čtyři hodiny. Neumí ale domácí práce ani vařit a jeho schopnosti se nevztahují ani na ložnici. Není navržen k intimním vztahům, alespoň "prozatím", uvádí UBTech. Může však s uživatelem mluvit o jeho každodenních starostech, připomínat užívání léků a pomáhat odhalovat potenciální zdravotní problémy. Nebo navrhnout třeba společné sledování zápasu mistrovství světa ve fotbale.
Generativní AI se stále častěji využívá při snaze zmírňovat osamělost, zejména mezi staršími lidmi. V Jižní Koreji se v některých domovech pro seniory používají plyšové panenky poháněné ChatGPT, zatímco zařízení s AI připomínající lampu s názvem ElliQ nabízí kromě společnosti i funkce dohledu nad bezpečností uživatelů.
Závod ve vývoji nástrojů AI, kterým lidé důvěřují, vyvolal obavy z ochrany osobních údajů a rizika emocionálního připoutání ke stroji, včetně obvinění, že chatovací roboti podněcují k sebevraždě. Společnost UBTech uvádí, že data zpracovaná jejími roboty U1 jsou šifrována a nebudou použita k trénování jejích modelů AI.
V Číně je již možné vidět na mnoha místech, od hotelů přes nákupní centra až po továrny, roboty všech tvarů a velikostí. Podle Banky Barclays připadlo loni na tuto zemi 85 procent celosvětových instalací humanoidních robotů. Vláda označila robotiku za strategické odvětví a uvádí, že do loňského roku již více než 140 čínských společností uvedlo na trh přes 330 modelů humanoidních robotů.
Tyto společnosti, podobně jako jejich globální konkurenti, investují značné prostředky do vývoje takzvané fyzické AI, tedy technologií umožňujících robotům samostatně se pohybovat a interagovat s okolním světem. V současnosti jsou však reálné možnosti využití takových systémů stále omezené a většina působivých ukázek robotů je zatím založena na předprogramovaných funkcích nebo dálkovém ovládání.
Summer.fi has reportedly been exploited, with roughly $6 million drained so far. Blockaid flagged the exploit in a post on X on Monday.
The security firm published the attacker’s address, the exploit contract, and the affected Lazy Summer contracts.
DeFi Protocol Summer.fi Reportedly Loses $6 Million in Active ExploitBlockaid said its detection system surfaced the incident on Monday morning, estimating about $6 million in losses at that stage. The firm highlighted the on-chain addresses associated with the attack.
Exploiter address: 0x7BF716167B48CF527725722C6d79494b45B3BDCa Exploit contract: 0x0514F827C129C16418a0933E03C99A6AF982FC61 Affected Summer.fi / Lazy Summer contracts: 0x98C49e13bf99D7CAd8069faa2A370933EC9EcF17 0xA9ca4909700505585B1aD2a1579dA3b670FFA9c4 0xE9cDA459bED6dcfb8AC61CD8cE08E2D52370cB06 Security firm PeckShield identified the main affected vault as LazyVault_LowerRisk_USDC (LVUSDC), which Block Analitica risk-manages. The firm said that the vault’s displayed APY briefly spiked to about 2.08 million %.
“The largest current holder is 0x8741e8f…4130, which appears to be associated with Torben Jorgensen (UDHC), and has deposited ~8.6M USDC into this vault,” the post read.
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Summer.fi, formerly Oasis.app, is the front-end for the Lazy Summer Protocol, an onchain vault system that automatically routes deposits across DeFi yield sources like Aave and Morpho.
The network’s native token SUMR traded near $0.00193, down 5.3% over 24 hours. The move diverged from the broader market, which rose more than 1% on the day.
SUMR Token Price Performance. Source: CoinGeckoThe incident marked the second crypto exploit recorded in July, according to DeFiLlama. It follows a series of attacks in June, when crypto platforms lost $75.87 million across 40 hacks, with the Humanity Protocol breach accounting for the largest loss.
BeInCrypto has reached out to Summer.fi for comment. This is a developing story.
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Microsoft will lay off 6,400 employees, with half of the cuts stemming from a restructuring of its Xbox gaming division.
According to market sources, Microsoft (MSFT.O) will lay off 6,400 employees, with half of the cuts coming from a restructuring of its Xbox gaming division. The layoffs represent roughly 2.8% of the company’s total workforce. Microsoft will sell five studios, including Compulsion and DoubleFine.
5 minutes ago
Trump once again urges buying Dell: "Go get a Dell computer"
US President Donald Trump publicly urged people to "buy a Dell computer", once again endorsing Dell. When asked about Dell’s prior donation to the "Trump Account", Trump said, "We will find a way to get that money back." Separately, Trump specifically mentioned Micron Technology, saying "Thank you Micron". Earlier, Micron had invested $250 million in the Trump Account.
5 minutes ago
Elon Musk has not yet commented, but SpaceX’s president first donated 2 million shares, marking the largest corporate contribution to the "Trump account".
SpaceX President Gwynne Shotwell announced Monday that she and her husband will donate 2 million SpaceX shares to the "Trump Account" program, with one share each going to more than 2 million U.S. children. At the current share price of roughly $160, the total value of the donation is approximately $320 million. The announcement comes just days after Trump publicly predicted SpaceX would participate in the initiative. Shotwell noted the donation targets children aged 11 to 17 in lower-income areas, with a focus on recipients near her home in central Texas. Earlier, Michael Dell and his wife pledged a $6.25 billion donation, Micron Technology committed $250 million, and firms including BlackRock, Intel and JPMorgan Chase said they will match donations at a $1,000 per-person standard. Trump told CNBC in a prior interview that he expected Elon Musk would also donate SpaceX shares, stating "I think he will do that," though Musk has not publicly responded to date. Trump also added that his relationship with Musk remains strong, describing their past disagreements as "a little friction."
5 minutes ago
Tim Draper: When investing in SpaceX, two of the company's rocket launches failed, and the real excess returns come from embracing uncertainty.
Renowned venture capitalist Tim Draper stated that his investment philosophy has always been to bet on innovative projects that have not yet reached a market consensus. He recalled that his venture capital firm Draper Associates was one of SpaceX’s earliest external investors. After the investment, SpaceX’s first two rocket launches ended in failure, but with the success of its third launch, the company ultimately attracted a large number of clients by offering launch costs far lower than NASA’s, growing into a firm valued at over $2 trillion. When discussing AI, Draper said that although xAI lags behind rivals like OpenAI and Anthropic in market share and enterprise adoption rates, he remains more optimistic about xAI, believing it focuses more on providing accurate information rather than catering to users. He predicts that the AI industry will undergo a shakeout similar to that after the dot-com bubble, and the true industry giants may emerge after the next round of adjustments. Draper believes innovation requires a free entrepreneurial environment, noting that the U.S. and Singapore remain the most attractive startup destinations currently.
5 minutes ago
US stocks open with all three major indices rising broadly, Western Digital gains more than 5%.
US stock market opens: Dow Jones rises 0.11%, S&P 500 gains 0.32%, Nasdaq climbs 0.78%. Chip stocks rally across the board: SanDisk (SNDK.O) jumps 4%, Western Digital (WDC.O) surges over 5%. Broadcom (AVGO.O) advances 3.5% as its partnership agreement with Apple is extended to 2031.
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Cantor: Restoring STRC to its face value is Strategy’s top priority, and it will restart its Bitcoin purchase engine.
Wall Street investment bank Cantor Fitzgerald, after meeting with Strategy’s Executive Chairman Michael Saylor, stated that restoring preferred stock STRC to its $100 par value is the company’s top priority and key to restarting its bitcoin purchase engine and improving its capital structure. Cantor believes Strategy will continue to build cash reserves for STRC dividends to drive the stock’s price back to par, and may take measures such as share repurchases if necessary. A recovery in STRC is expected to benefit the company’s common stock (MSTR), paving the way for subsequent stock offerings to raise funds and continue increasing its bitcoin holdings. Earlier, Strategy announced it had sold approximately $216 million worth of bitcoin to fund STRC dividend payments. Meanwhile, JPMorgan Chase warned last week that the practice of selling bitcoin to pay preferred stock dividends could increase the company’s risk exposure and market volatility.
Cintas has increased its dividend for 43 consecutive years. That easily qualifies it for its status as an esteemed Dividend Aristocrat. Cintas grew its revenue from $4.8 billion in FY 2016 to $10.3 billion in FY 2025. That's a compound annual growth rate of 8.9%. Cintas has a great financial position. Its long-term debt/equity ratio is 0.5, while the interest coverage ratio is over 20.
BURLINGAME, Calif.--(BUSINESS WIRE)--Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today published its monthly origination volume for June 2026. For historical data see upstart.com/volume.
Lam Research Corp (NASDAQ:LRCX) and Applied Materials Inc (NASDAQ:AMAT) are contributing to the semiconductor and memory stock rally this morning, after Goldman Sachs hiked its price targets on both names to $380 and $645, respectively. LRCX and AMAT are up 5% and 4.8% ahead of the open, and a big reason why the VanEck Semiconductor ETF (SMH) is 2.8% higher this morning.
LRCX hit a record high of $438.50 on June 30, and is up 105% on the year heading into today. AMAT snagged its own record high of $739.67 on the same day, and boasts a 135% lead in 2026.
Despite the sharp two-day pullback last week into the 4th of July weekend, $350 held for Lam Research and $600 stepped up for Applied Materials.
The similarities don't end there. Both stocks are widely loved by the brokerage bunch and don't have much short-covering potential. They also both sport lofty Schaeffer's Volatility Scorecards (SVS). LRCX and AMAT's respective readings come in at 76 and 92 (out of 100), suggesting the equities have each consistently realized higher volatility than its options have priced in.
HAIFA, Israel, July 6, 2026 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company") today provided an update regarding its previously announced merger agreement with Hapag-Lloyd.
Memory names are ripping higher in early Monday trading. SanDisk (NASDAQ:SNDK | SNDK Price Prediction) stock is up 5% to $1,836, Western Digital (NASDAQ:WDC) shares are up 5% to $565.33, and Micron Technology (NASDAQ:MU) stock is up 3% to $1,008.77.
The bounce comes after a brutal Thursday session, when SanDisk shares fell 14%, Western Digital shares dropped 10%, and Micron stock slid 5.5%. Friday was a market holiday, making today’s session the first chance for buyers to respond to a wave of bullish analyst notes.
Analyst Upgrades Reset the Narrative UBS analyst Nicolas Gaudois lifted Double Data Rate (DDR) contract-pricing forecasts to +32% quarter over quarter in Q3 2026 (from +17%) and +18% in Q4 (from +12%). UBS sees the DRAM market undersupplied “until at least 2Q28” and framed the pullback as “likely temporary.”
Citi added Micron to its 90-day upside catalyst-watch and raised average selling price growth estimates, citing stronger AI demand. Bank of America analyst Vivek Arya reiterated a Buy on Micron stock with a $1,550 price target, arguing memory is now 35-40% of cloud AI capex “yet memory stocks trade at sub-par 10x forward PE.” Arya called Thursday’s move “a healthy reset, not a structural change in AI demand.”
Thursday’s selloff followed a report from The Information that AI startup Anthropic was in talks with Samsung to design and manufacture custom AI chips, which traders read as a potential setback for U.S. memory makers. The report described only preliminary talks.
SanDisk and Seagate Join the Rebound The move is spreading across storage and memory. Seagate Technology (NASDAQ:STX) shares are also higher, participating in the bounce after Thursday’s decline. The Roundhill Memory ETF (CBOE:DRAM) is likewise rebounding.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
That ETF, which counts Samsung Electronics (25%), SK hynix (24%), and Micron (24%) as its top holdings, has become a favored sector proxy. The fundamentals across the U.S. group remain strong. Micron’s Q3 FY2026 revenue landed at $41.456 billion, with non-GAAP EPS of $25.11 and Q4 guided to $50 billion ± $1 billion.
Western Digital and the Bear Case Not everyone is buying the reset thesis. Competition from Samsung and SK Hynix is intensifying, and valuations are stretched after a record first-half rally. “Big Short” investor Michael Burry recently disclosed a short position in Micron on a bubble/valuation thesis, sitting directly opposite Bank of America’s healthy-reset view.
Micron trades at a P/E ratio of 22x with a forward multiple of 7x, while SanDisk carries a trailing P/E ratio of 60x. Reddit chatter reflects the tug-of-war, with a WallStreetBets thread titled “I’m more confused by yesterday’s sell-off than the earnings” drawing hundreds of comments.
What to Watch Two catalysts loom this week. Samsung reports Q3 results on Tuesday, a critical read on high-bandwidth memory pricing and demand. SK Hynix is set to list on the NASDAQ on July 10, and some traders expect volatility, along with possible rotation out of Micron into the lower-priced HBM leader.
These are high-beta names that just whipsawed double digits in a single session. Investors may want to keep their position sizes modest and watch for whether Samsung’s earnings report validates the UBS pricing thesis or hands the bears fresh ammunition.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in DD over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Rivian Automotive Inc. (NASDAQ:RIVN) shares are in focus Monday after the company reported second-quarter production and delivery figures Thursday.
The NumbersRivian produced 12,613 vehicles and delivered 12,194 at its manufacturing facility in Normal, Illinois during the quarter ending June 30. Deliveries topped the company’s own outlook of 9,000 to 11,000 vehicles, driven by robust quarter-over-quarter growth in EDV and R1 vehicles alongside the introduction of R2 deliveries.
Guidance RaisedAs a result of the strong quarter and a positive production and delivery outlook for the second half of the year, Rivian raised its full-year 2026 delivery guidance from 62,000 to 67,000 vehicles to 65,000 to 70,000 vehicles.
What’s NextRivian will release its second-quarter 2026 financial results on July 30, after market close, followed by an audio webcast at 5:00 p.m. ET to discuss performance and outlook.
Rivian Shares Trade FlatRIVN Price Action: At the time of publication, Rivian shares are trading 0.43% higher at $18.71, according to data from Benzinga Pro.
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President Donald Trump on Monday morning joined the New York Stock Exchange and the Nasdaq in ringing the opening bell from the White House Oval Office for the first time ever.
The event marking the launch of "Trump Accounts," the administration's new tax-advantaged investment vehicles for U.S. kids, was attended by an array of CEOs who are supporting the new accounts and other officials.
They include: Dell chief Michael Dell and his wife, Susan Dell, who together pledged to donate more than $6 billion to the program; Brad Gerstner, Altimeter Capital and CEO and founder of the Invest America charitable foundation, which pushed for the accounts; Intercontinental Exchange CEO Jeffrey Sprecher; Sen. Ted Cruz, R-Texas; Treasury Secretary Scott Bessent; U.S. Securities and Exchange Commission Chair Paul Atkins; and NYSE President Lynn Martin.
"This makes real the promise of the American dream, not for some but for everybody," Gerstner, a major proponent of the accounts, told CNBC's "Squawk Box" before the event.
The Trump Accounts, which are available for all children age 18 or younger, include a one-time $1,000 pilot program contribution from the U.S. Treasury Department for babies born from 2025 through 2028.
Robinhood CEO Vlad Tenev, arriving at the White House for the event, called the accounts potentially "life changing."
This is developing news. Please check back for updates.
Chipotle Mexican Grill is executing its 'Recipe for Growth' strategy, centered on five pillars that differentiate the brand and drive long-term expansion. Operational excellence is CMG's core competitive moat, supporting strong performance in a highly competitive fast-casual dining sector. CMG reported impressive Q1 2026 restaurant-level operating margins of 23.7%, demonstrating resilience despite inflationary pressures.
Two Very Different Decades Microsoft (NASDAQ:MSFT | MSFT Price Prediction) and Chipotle Mexican Grill (NYSE:CMG) both rewarded long-term holders through the 2010s, but their recent chapters have diverged sharply.
Under Satya Nadella, Microsoft pivoted from a Windows and Office licensing shop into a cloud-and-AI platform anchored by Azure, which crossed $75 billion in FY2025 revenue, up 34%. A restructured OpenAI partnership left Microsoft with a roughly 27% stake valued near $135 billion and an AI business running at a $37 billion annualized revenue run rate, up 123% year over year. Acquisitions of LinkedIn, GitHub, and Activision Blizzard reshaped the mix.
Chipotle’s trajectory is more complicated. Brian Niccol’s turnaround introduced Chipotlanes, digital ordering, and a loyalty program, then a 50-for-1 split in June 2024 followed his exit to Starbucks. New CEO Scott Boatwright inherited a brand that just posted its first full year of negative comparable sales, with FY2025 comps sliding and Q4 transactions down 3.2%.
What $1,000 Actually Did Using split-adjusted total returns through the most recent close, here is what a $1,000 investment in either stock became over the past decade, compared to the S&P 500 gain:
Period Microsoft Chipotle S&P 500 1 Year $802 (−19.85%) $623 (−37.66%) $1,200 (+20.04%) 5 Year $1,466 (+46.56%) $1,130 (+12.97%) $1,717 (+71.72%) 10 Year $8,633 (+763.30%) $4,492 (+349.21%) $3,548 (+254.79%) A $1,000 stake in Microsoft a decade ago outpaced the index, roughly tripling the S&P’s return. Chipotle also beat the market over 10 years, but nearly the entire lead was banked before 2022. Both stocks have lagged badly in the past year, with Microsoft caught in an AI capex hangover (Q3 FY26 capex hit $30.88 billion, up 84.39%) and Chipotle punished for declining traffic.
Looking Ahead Where to put $1,000 today? Into Microsoft if you believe the $627 billion commercial RPO backlog converts into durable operating leverage as AI capex normalizes. Analysts have a consensus price target of $561.11, and the forward P/E near 20x looks reasonable. On the other hand, avoid it if OpenAI-related losses keep compounding and Azure growth decelerates below 30%.
The bull case for Chipotle is if Boatwright’s “Recipe for Growth” restores positive transactions and the runway toward 7,000 restaurants holds. But beware the 32x trailing earnings multiple while comps stay flat and margins compress.
The question is whether the AI infrastructure story and backlog are more attractive than a potential burrito turnaround.
, /PRNewswire/ -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today released its 2025 Environmental, Social, and Governance (ESG) Report: "Securing the Path Toward a Responsible Future." The fourth annual ESG report details the company's progress and vision for a secure, sustainable digital future, where cyber protection, responsible AI governance, and ethical leadership serve as the foundation for trust, resilience, and societal advancement.
"The intersection of AI and cyber security will define the next decade of digital risk," said Nadav Zafrir, CEO at Check Point. "Check Point stands at that intersection — not as a bystander, but as the organization that has spent more than thirty years building the expertise, technology, solutions, and relationships needed to lead through exactly this kind of inflection point."
Securing the AI Transformation
Check Point's 2025 ESG report underscores the company's significant global impact in cyber defense, with ThreatCloud AI delivering prevention at enterprise-grade scale:
4.6 billion cyberattacks prevented annually FedRAMP and GovRAMP Authorization achieved, enabling Check Point to serve U.S. government entities across federal, state, and local levels with prevention-first cyber security In 2025, Check Point sharpened its strategy around securing the AI transformation, advancing an AI-first approach across its products, operations, and culture. A number of strategic acquisitions expanded the Check Point portfolio, strengthening key areas across the full AI and exposure management security stack. The company also joined OpenAI's Trusted Access for Cyber program and Daybreak initiative, and integrated Check Point Workforce AI with Claude's Compliance API to provide enterprises with deeper visibility into employee AI usage.
Environmental Progress: Measuring What Matters
Check Point achieved significant environmental milestones in 2025, including:
Inaugural disclosure of Scope 3 emissions from the value chain, a notable milestone in our reporting journey 83% of electrical consumption from offices under operational control offset with renewable energy 31% reduction in Scopes 1 & 2 emissions intensity year-over-year Climate change risk and opportunity analysis performed according to the TCFD framework Expanding Social Impact
The company continued to advance its social responsibility goals, investing in its people and communities:
796,468 people trained in cyber security since 2022, representing 80% fulfillment of the goal to train one million people by 2028 11,700 visitors to the Cyber Center in 2025; 30,000 total since its opening 7,179 employees globally, with 65% in technical roles and an average of 74 hours of training per employee 49% increase in corporate donations since 2022, contributing to approximately 200 non-profit organizations worldwide Governance as a Foundation
Strong governance remains central to Check Point's ESG approach, with highlights including:
78% board director independence, with 100% independence across all board committees 100% compliance with ethics and compliance trainings Responsible AI approach extended across all aspects of the business, including governance of AI-powered products and internal AI deployments Ongoing focus on data privacy, supply chain ethics, and transparent business operations Check Point's 2025 ESG report makes clear that security, sustainability, and ethical leadership are interconnected imperatives. As AI reshapes the threat landscape and the digital economy, the organizations that integrate robust cyber security with responsible business practices will be best positioned to lead. Check Point's prevention-first mission to secure the digital world for everyone, everywhere, remains unchanged. What has changed is the scale, complexity, and urgency of what that mission demands.
Check Point's 2025 ESG report is available here. To learn more about Check Point's ESG program, visit: www.checkpoint.com/about-us/esg/
Follow Check Point on LinkedIn, X, Facebook, YouTube and our Corporate Blog
About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (www.checkpoint.com) is a global cyber security leader protecting more than 100,000 organizations worldwide. Its mission is to secure enterprises' AI transformation. With a prevention-first approach and an open ecosystem architecture, Check Point helps organizations block advanced threats, prioritize exposures, and automate security operations across complex digital environments. The unified architecture simplifies protection across hybrid networks, multi-cloud environments, digital workspaces, and AI systems. Structured around four strategic pillars, Hybrid Mesh Network Security, Workspace Security, Exposure Management, and AI Security, Check Point delivers consistent protection and visibility across multivendor environments, enabling organizations to reduce risk, improve efficiency, and accelerate innovation without increasing complexity.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding our products and solutions, our expectations regarding future growth, the expansion of Check Point's industry leadership, the enhancement of shareholder value and the delivery of an industry-leading cyber security platform to customers worldwide. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 31, 2026. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law.
NASHVILLE, Tenn.--(BUSINESS WIRE)--LP BurnGuard™ FRT OSB has received a 2026 Innovation Award from LBM Journal, recognizing groundbreaking products that advance performance.
Space stocks are getting a lot of attention this summer. Some of that can be attributed to the buzz surrounding Space Exploration Technologies (SPCX +1.20%) and its record-setting IPO last month that raised nearly $86 billion. SpaceX already sports a market capitalization of more than $2 trillion, making it one of just a handful of stocks in the trillion-dollar club.
But the stocks getting the most attention aren't always the best investment opportunities. SpaceX stock has an extreme valuation, meaning investors have already priced it to perfection.
However, there are other compelling investment options in the space stock arena. Two that stand out are Rocket Lab (RKLB 3.69%) and Redwire (RDW +0.97%). Let's look at both.
Image source: Getty Images.
Space stock No. 1: Rocket Lab Rocket Lab is having a great run of its own. The stock is up 1,680% in the last three years, including a gain of more than 50% this year, as investors got excited about its end-to-end launch service business.
Rocket Lab has completed more than 90 launches to date with its two families of space vehicles. Electron is a two-stage orbital launch vehicle used to place small satellites into orbit, while Haste is a suborbital vehicle designed for testing and deploying technologies at high speed. It's currently developing a larger vehicle, Neutron, for deep space missions and human spaceflight.
Rocket Lab has two launch pads in New Zealand and one in Virginia, and has contracts with both private companies and governments, including with NASA, to support missions to Mars and the Moon. Other missions have been with the U.S. Space Force, the Japanese company Synspective, and the Japan Aerospace Exploration Agency (JAXA), among others.
Rocket Lab also announced an agreement to acquire Iridium Communications, a publicly traded company that maintains a low-Earth satellite network and has more than 2.55 million global customers. Rocket Lab intends to link its launch and satellite manufacturing business with Iridium's global satellite network to create an integrated space company.
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Space stock No. 2: Redwire Redwire isn't as hot as Rocket Lab, but it's solid in its own right. The stock is up nearly 400% over the last three years and has gained 65% in 2026.
The company makes aerospace infrastructure, autonomous systems, and products that incorporate digital engineering and AI automation. Redwire was a part of NASA's Artemis II mission, which was the first crewed flyby of the Moon since 1972. Astronauts used Redwire's advanced optical imaging and sun sensor technology as part of the ship's internal and external camera system, which enabled in-flight inspection of the craft.
Its technology operates a greenhouse -- the first commercial greenhouse in space -- on the International Space Station, where it is studying crop production in space to support long-duration human spaceflight.
Redwire is also an emerging defense company, as it was one of 14 companies selected by the Space Force to compete for contracts under the 10-year Andromeda program to track and identify objects in Earth orbit, where many communications and missile-warning systems operate.
Its defense tech revenue jumped in the first quarter to $44.3 million, up from $9.2 million the previous year, accounting for nearly all of Redwire's overall 58% revenue gain for the quarter.
"The Andromeda contract vehicle is focused on rapidly fielding proliferated space domain awareness capabilities in geosynchronous orbit," CEO Peter Cannito said. "We see this as a proof point for the success of our moving up the value chain strategy and further validation that we are strategically positioned as a trusted prime contractor on next-generation spacecraft."
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Why these two stocks may be better than SpaceX SpaceX is still flush from its IPO and will likely be volatile for the next few months, particularly as the staggered lockup period allows institutional investors to cash out their shares. SpaceX also has an extreme valuation, with a price-to-sales ratio of 115.
Rocket Lab and Redwire provide alternatives with companies that have already emerged from their IPOs and have several years of performance to bank on. Rocket Lab's merger is getting a lot of interest, and the stock has a pricey (but not as eye-watering) P/S of 85.5. Redwire, meanwhile, has more of its fingers in space infrastructure and defense, and has a P/S ratio of only 5.
While SpaceX's valuation and volatility can be risky, Rocket Lab and Redwire offer exposure to some interesting growth trends without quite as high a premium.
Rocket Lab stock has remained volatile in the wake of the highly anticipated SpaceX IPO and its blockbuster Iridium acquisition. Shares surged to $151 ahead of the IPO before tumbling to $80.50, and have since recovered to around $100. Despite the wild price swings, top analysts continue to maintain a bullish outlook on the company.
The RKLB stock has been highly volatile in the past few weeks, even as top analysts have maintained their bullish outlook. Citigroup reiterated its outperform rating, while Bank of America hiked the target from $105 to $115,
Citizens Bank hiked from $95 to $130, while Needham and Roth MKM boosted the target to $120 and $130, respectively.
The general view is that the company’s business will continue doing well, especially with the recent Iridium acquisition. Rocket Lab is paying $8 billion for the company, calling it the most transformative deals in the space industry. It will merge its capabilities in launching and satellite manufacturing with Iridium’s global satellite communications network.
The deal helps the company achieve its goal of vertical integration, creating a company spanning launch, spacecraft, spectrum, and on-orbit communications. As a result, it expects to eliminate third-party launch costs.
Additionally, the deal helps Rocket Lab to unlock entry to space applications and provides access to globally coordinated spectrum.
Iridium’s business has been growing steadily, with its annual revenue rising from $614 million in 2021 to $871 million last year. At the same time, it has managed to move from a loss of $9.3 million in 2021 to $114 million last year.
It has an encouraging gross margin of 71% and a net income margin of 12%, meaning that Rocket Lab has room to grow it. In contrast, Rocket Lab’s gross profit margin is fairly thinner at 36%.
Analysts are optimistic that Rocket Lab’s revenue growth will accelerate in the coming years as it launches its Neutron product. The average estimate is that its second-quarter revenue will come in at $231 million, up by 60% YoY.
They also expect the third-quarter revenue to soar by 52% to $236 million. For the year, analysts believe that revenue will jump by 51% to $914 million, followed by $1.3 billion next year. This growth is driven by its growing market share in government and civilian launches. For example, it is one of the firms taking part in the Golden Dome project.
The most recent numbers showed that Rocket Lab’s backlog jumped to $2.2 billion, with its revenue soaring by 63.5% to $200.3 million. Its management noted that its Neutron order book was rising, with the manifest filling up through to the end of the decade.
RKLB stock chart | Source: TradingView
The weekly chart shows that the Rocket Lab stock has been in a strong bull run in the past few years. Along the way, the stock has formed a giant megaphone pattern, a common bullish continuation sign.
The stock’s volatility is also being seen in the widening Bollinger Bands. It remains slightly above the middle line of the bands.
Therefore, the stock will likely be highly volatile in the near term. It may drop to the lower side of the megaphone ahead of rebounding, potentially to the all-time high of $150.
WILMINGTON, Del.--(BUSINESS WIRE)---- $INCY--Incyte Completes Acquisition of Vega Therapeutics, a Wholly Owned Subsidiary of Star Therapeutics, Expanding its Hematology Portfolio.
106,000 Square Foot Facility Expansion Reflects Increased Demand for Kratos Jet Drones and Kratos' Continued Investment in Strengthening the United States Defense Industrial Base Through Scalable, Efficient Manufacturing Capacity Capable of Producing Affordable, Mission-Ready Systems at Quantity and at Speed July 06, 2026 08:00 ET | Source: Kratos Defense & Security Solutions, Inc.
SAN DIEGO, July 06, 2026 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, today announced a major expansion of its Oklahoma City manufacturing campus with the addition of over 100,000 square feet of manufacturing and production space. The expansion supports increasing customer demand for the company's family of high-performance, affordable jet-powered drone systems, including the Valkyrie collaborative combat aircraft, the Firejet/Mighty Hornet IV and others.
The facility expansion represents Kratos' continued investment in strengthening the United States defense industrial base through scalable, efficient manufacturing capacity capable of producing affordable, mission-ready systems at quantity and at speed. Today, Kratos produces approximately 165 high-performance jet drones annually, and this expansion will enable the company to further increase production to meet growing demand from the U.S. Department of War and allied customers.
"The future fight demands the ability to rapidly produce affordable, high-performance systems at scale," said Steve Fendley, President of Kratos Unmanned Systems Division. "This expansion in Oklahoma City reflects our long-term commitment to investing ahead of customer demand and building the industrial capacity needed to support the Department of War's modernization priorities. As autonomous systems become increasingly central to the future force, manufacturing readiness and producing at scale will be just as important as technology readiness, maybe more."
The expanded facility will provide additional manufacturing, assembly, integration and test capacity for multiple Kratos tactical jet aircraft programs.
Production will support Valkyrie, the affordable, runway-flexible collaborative combat aircraft selected by the U.S. Marine Corps as the foundation of its Collaborative Combat Aircraft (CCA) program of record. Designed to operate solo, in swarms, or alongside crewed aircraft while providing additional mass, reach and mission capability, Valkyrie represents a new generation of affordable autonomous airpower. The expanded facility will also manufacture the Mighty Hornet IV, which is expected to serve as a key tactical capability supporting Taiwan's defense requirements, reflecting growing international demand for affordable, high-performance unmanned systems.
The expanded facility will also support increased production capacity for Kratos' family of high-performance aerial target systems, including the Firejet. Kratos’ Firejet system supports realistic operational test, evaluation and weapons training across the U.S. military and allied nations, with demand for advanced target capabilities continuing to grow, including for the test and training of missile, radar, air defense, C-UAS and directed energy weapon systems, and their crews.
Kratos has consistently invested in manufacturing infrastructure, production technologies, and workforce development to ensure the company can deliver affordable systems at the pace and scale required by evolving national security needs. The Oklahoma City expansion is the latest in a series of investments focused on expanding domestic production capacity and strengthening the resilience of the U.S. defense industrial base.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com and follow Kratos on LinkedIn and X.
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 28, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
Coursera gets a buy rating for my initial coverage, as a compelling growth idea driven by the Udemy merger and potential synergies. While not a dividend payer, Coursera has performed well in operating cashflow trends, and had a low D/E pre-merger, as did Udemy. COUR showed a steady growth trend of new learners over time.
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Goldman Sachs has flagged that the safe-haven trade into bullion is getting crowded, putting retirees in an awkward spot. The classic pitch for gold is inflation protection and portfolio ballast. Yet paying a premium for an asset that generates no income is a poor fit for anyone drawing down a portfolio. The alternative is to seek equities that deliver the same defensive qualities:
Durable cash flow Reliable dividend growth Low correlation to broad market swings Some link to inflation or precious-metals pricing Three names hit those marks from different angles, and below we rank them by suitability for a retirement-focused portfolio.
3. Procter & Gamble Procter & Gamble (NYSE:PG | PG Price Prediction) is the consumer-staples anchor. Its market cap stands at $352.6 billion, beta is 0.38, and dividend yield is 2.8% on a payout that has climbed for decades, backed by 70 consecutive annual increases.
Fiscal Q3 2026 delivered core EPS of $1.59 against a $1.56 estimate on net sales of $21.24 billion, up 7% year over year, with organic sales up 3%. Free cash flow was $3.03 billion. Management said the company “delivered a solid acceleration in top-line results in our fiscal third quarter, with broad-based growth across product categories and regions.”
The catch is muted growth. Tariff, commodity, and interest headwinds amount to roughly $0.25 per share of net drag, and the stock is down 6.1% over the past year. Analysts carry a consensus target of $163.43 against a current trailing P/E of 22. It is the sleep-well-at-night pick, a volatility hedge rather than a direct gold substitute.
2. NextEra Energy NextEra Energy (NYSE:NEE) blends regulated-utility ballast with renewables and data-center growth. The market cap is $184.2 billion, beta is 0.667, and dividend yield is 2.8%.
Q1 2026 adjusted EPS came in at $1.09, up 10% year over year, on revenue of $6.70 billion. Florida Power & Light added roughly 100,000 customers, and the renewables backlog reached about 33 GW. Management targets adjusted EPS growth of 8%+ compound annually through 2032, with dividend growth of roughly 10% per year through 2026. CEO John Ketchum said the business is “off to a terrific start for the year.”
The same investor newsletter that told subscribers to buy Amazon in 2002, Netflix in 2004, and Nvidia in 2005 still publishes two new stock picks every month. Over 23 years, Motley Fool's Stock Advisor has more than quadrupled the S&P 500. New members get this month's picks, the Top 10 Rankings, and a 30-day money-back guarantee. Click here to unlock their next top stocks while new members are still being accepted.
Shares are up 21.0% over the past year and 10.0% year to date. The “regulatory marathon” NextEra is enduring to secure approval for its proposed $67 billion merger with Dominion Energy serves as a reminder that regulatory and storm risk remain real, but the inflation-linked rate base and contracted renewables cash flows suit an income portfolio.
1. Wheaton Precious Metals Wheaton Precious Metals (NYSE:WPM) directly answers the “crowded gold” problem. The streaming model buys future production at fixed low prices from miners, giving Wheaton metals exposure without operator cost inflation. Operating margin runs at 75% and profit margin at 65.5%.
Q1 2026 was a record. EPS hit $1.28 against a $1.22 estimate on revenue of $901.47 million, up 91.6% year over year. Net income of $582.04 million rose 129.17%, and operating cash flow reached $765.82 million. The realized gold-equivalent price was up 98% year over year. The quarterly dividend increased to $0.195, an 18% hike versus the year-ago rate. On April 1, the company closed the $4.3 billion Antamina silver stream agreement with BHP, described as the largest streaming deal ever completed.
Shares are up 27.8% over the past year and 158.6% over five years. Analyst sentiment is positive, with a target of $175.44. Its beta of 1.19 is higher than that of PG or NEE, and near-term Q2 output will be pressured by the Goose mine crushing-circuit fire and the Blackwater ball mill outage. CEO Haytham Hodaly framed the quarter as “a strong start to 2026, with Salobo and Peñasquito outperforming expectations and contributing to record quarterly revenue, earnings and cash flow.”
Back to the Premise The retiree question was how to keep safe-haven and inflation exposure without piling into an increasingly crowded gold trade. Procter & Gamble offers the lowest volatility and longest dividend streak, NextEra Energy pairs regulated cash flow with visible growth, and Wheaton Precious Metals delivers precious-metals price leverage through a diversified streaming model spanning silver, gold, platinum, and palladium. That combination of income durability, price exposure, and diversified metal mix is why Wheaton ranks first among these three.
If You'd Bought Amazon When the Motley Fool Said To…In September 2002, Stock Advisor told subscribers to buy Amazon. In December 2004, Netflix. In April 2005, Nvidia. The newsletter still publishes two new stock picks every month — and over 23 years, has more than quadrupled the S&P 500. Here's how to get this month's picks:
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Key Takeaways Natural gas may overtake oil as rising electricity demand changes the U.S. energy mix.LNG exports are creating another growth market for U.S. natural gas producers and infrastructure firms.LNG, AR and GPOR give investors different ways to track natural gas demand growth. Natural gas is moving closer to becoming America’s largest energy source, ending decades of oil dominance. The shift is not about oil disappearing. It is about gas becoming more important as the country uses more electricity and looks for reliable fuel to support homes, businesses, factories and the power grid.
Investors looking to follow this trend may want to keep an eye on Cheniere Energy (LNG - Free Report) , Antero Resources (AR - Free Report) and Gulfport Energy (GPOR - Free Report) .
Why Natural Gas Is Gaining Ground
For years, petroleum held the top spot in the U.S. energy mix because transportation depended heavily on gasoline and diesel. That picture is changing. Gasoline demand has flattened, while electricity demand is rising from several directions, including data centers, electric vehicles and wider electrification across the economy.
Bloomberg recently reported that natural gas is likely to surpass oil as the top U.S. energy source by the end of the decade. EQT Corporation CEO Toby Rice told Bloomberg that the crossover could happen within the next couple of years, with natural gas building a wider lead over petroleum by 2030.
Natural gas sits at the center of this change because it is widely available in the United States and can be used to generate electricity on a large scale. It has replaced coal in many power plants because it is cleaner-burning than coal and often more economical for utilities.
The Power Grid Needs Flexible Fuel
Wind and solar energy are expanding rapidly, but they cannot generate electricity continuously. Solar panels stop producing power after sunset, and wind turbines depend on weather conditions. Natural gas power plants can quickly increase or reduce electricity generation, making them an important complement to renewable energy.
This flexibility is becoming more important as electricity demand continues to grow. AI data centers require a constant and reliable power supply, while the growing use of electric vehicles is increasing overall electricity consumption. As the power grid faces greater demand, natural gas plays an important role in providing reliable backup power and supporting a stable electricity supply.
LNG Adds Another Growth Angle
The natural gas story is not limited to domestic power plants. The United States has become a major exporter of liquefied natural gas, or LNG, which is natural gas cooled into liquid form so it can be shipped overseas. Global buyers use LNG to heat homes, run factories and generate electricity.
This export demand gives U.S. natural gas producers and infrastructure companies another market beyond domestic consumption. If shipments grow as expected, LNG could become a major driver of natural gas demand through the end of the decade.
What Investors Should Watch
The outlook for natural gas is encouraging, but it is not without risks. Natural gas prices can change quickly because of factors such as weather, production levels, storage inventories, pipeline availability and global demand.
Government policies and the continued growth of renewable energy could also influence long-term demand. Even so, one trend appears clear: as the United States relies more on electricity to power homes, businesses, AI data centers and electric vehicles, natural gas is expected to remain an important part of the energy mix.
3 Stocks to Focus On
For investors looking to benefit from this trend, Cheniere Energy, Antero Resources and Gulfport Energy are three companies that may be worth considering. Each offers a different way to gain exposure to the growing role of natural gas, although investors should evaluate each company's fundamentals before making an investment decision.
Cheniere Energy: It is a leading U.S. LNG producer and exporter, operating large-scale facilities along the Gulf Coast. Since starting exports in 2016, it has grown into the largest LNG producer in the United States, supplying customers across more than 40 global markets with reliable and cleaner-burning energy.
Backed by firm gas supply agreements for its Sabine Pass and Corpus Christi facilities, the company enjoys strong cash flow visibility and solid long-term growth prospects. Cheniere Energy beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other. It has a trailing four-quarter earnings surprise of roughly 75%, on average. Currently, Cheniere Energy carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Antero Resources: It is an independent energy producer focused on natural gas and liquids in the Appalachian Basin. Headquartered in Denver, this company, with a Zacks Rank of 3, develops low-cost assets in the Marcellus and Utica shales, holding about 515,000 net acres. Antero Resources’ production mix is weighted toward natural gas and NGLs, with minimal oil exposure. AR is also one of the largest U.S. suppliers of natural gas and LPG to export markets.
Antero Resources is supported by its midstream affiliate, Antero Midstream, in which it owns roughly 29%. This integrated setup secures transportation and market access from Appalachia to the Gulf Coast. A low debt profile and steady drilling results provide flexibility and support long-term growth. The Zacks Consensus Estimate for Antero Resources’ 2026 earnings per share indicates a 160.2% year-over-year surge.
Gulfport Energy: Gulfport Energy is a natural gas-weighted E&P company with core operations in the Utica and Marcellus shales, complemented by SCOOP assets. Its portfolio emphasizes low-breakeven, high-return drilling inventory and diversified takeaway capacity to premium markets, including Gulf Coast LNG demand. The firm, currently a #3 Ranked stock, focuses on disciplined capital allocation, operational efficiency, and expanding inventory through acquisitions and delineation.
The Zacks Consensus Estimate for the company’s 2026 earnings per share indicates 28.7% year-over-year growth. Gulfport Energy has a market capitalization of around $3 billion.
Le Recalls Journey As An ImmigrantCelebrating the U.S. 250th Independence Day, Le shared his story as a Vietnamese refugee who escaped in 1978 and succeeded in America through “education and hard work.” He credited the U.S. values of democracy, liberty, capitalism and entrepreneurship for aiding his success.
Le then steered the conversation toward Bitcoin, dubbing it the “United States of money.” He said that Bitcoin aspires to create a system governed by “transparent rules,” much like the American Constitution.
Why Bitcoin Is ‘Hope’He added that Bitcoin is “hope” for those “who have worked hard for their money and want to protect it from monetary inflation.”
“It provides hope for those born in countries without reliable rule of law or economic freedoms,” the Strategy executive stated.
Drawing from his personal journey from Vietnam to America, Le equated the principles that shaped his life —clear rules, individual sovereignty, property rights, resilience, open competition, and long-term conviction—to the principles that he believes Bitcoin embodies.
“America gave my family freedom through a country. Bitcoin offers individuals monetary freedom through a network,” he said. “That is why Bitcoin is freedom.”
Is The Hope Diminshing?Le leads Strategy, the world’s most prolific buyer of Bitcoin, with a stash worth $53 billion as of this writing.
However, concerns about the firm’s financial strength have risen after it disclosed Bitcoin sales last month, undermining the “never sell” thesis that bullish investors had counted on. Since the disclosure, the MSTR stock has plunged 37%.
Le reiterated his belief in Bitcoin as a hedge against inflation and "big government," adding that Strategy would continue to be the biggest buyer of the asset, while continuing to sell BTC whenever "it makes sense" for the shareholders.
Price Action: At the time of writing, BTC was exchanging hands at $63,009.21, up 0.58% over the last 24 hours, according to data from Benzinga Pro.
Strategy shares closed 7.90% higher at $100.37 on Thursday. Benzinga’s Edge Stock Rankings indicate that MSTR has underperformed with a weaker price trend across short-, medium-, and long-term timeframes.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-07-06 12:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Moonriver (MOVR) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 16,960,935, or approximately at 2026-07-06 13:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-07-06
/PRNewswire/ -- Generac Holdings Inc. (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power
/PRNewswire/ --Generac Holdings Inc. (NYSE: GNRC), azienda leader a livello mondiale nella progettazione, produzione e fornitura di soluzioni tecnologiche per
WAUKESHA, Wis., July 6, 2026 /PRNewswire/ -- Generac Holdings Inc. (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, today announced the promotion of Niccolò Borracchini to Executive Vice President – International, leading the Generac and Pramac-branded business outside the U.S. and Canada, effective immediately.
Strategic investment in Germany-based PAD Aviation, a premier European private aviation operator, lays the foundation for TransMedics to establish a dedicated organ transplantation air logistics network across Europe
, /PRNewswire/ -- TransMedics Group, Inc. ("TransMedics") (Nasdaq: TMDX), a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart, and liver failure, today announced the closing of its strategic investment in PAD Aviation, a premier Germany-based private aviation operator.
The investment in PAD Aviation is a critical step forward for TransMedics' ongoing efforts to replicate the OCS NOP model in Europe to expand the adoption of the OCS perfusion technology and establish a dedicated pan-European organ transplant air and ground logistics network to support transplant activities across the European Union. "We are thrilled to partner with the PAD Aviation team and to welcome them to our TransMedics family. Together, we can create a significant opportunity to increase the utilization of precious donor organs to save more European transplant patients," said Waleed Hassanein, M.D., President and Chief Executive Officer of TransMedics.
About PAD Aviation service GmbH
Founded in 2006, PAD Aviation is a leading European business aviation operator, independent of commercial airlines. The company operates from its 24/7 hub in Paderborn, Germany, offering maximum flexibility—particularly for time-critical missions such as organ transport. From its centrally located base, PAD Aviation's aircraft can rapidly reach destinations across Europe. The company operates a modern fleet, including nine Embraer Phenom 300 aircraft, and employs more than 40 highly trained and type-rated pilots. PAD Aviation holds a valid EASA Air Operator Certificate (AOC).
About TransMedics Group, Inc.
TransMedics is the world's leader in portable extracorporeal warm perfusion and assessment of donor organs for transplantation. Headquartered in Andover, Massachusetts, the company was founded to address the unmet need for more and better organs for transplantation and has developed technologies to preserve organ quality, assess organ viability prior to transplant, and potentially increase the utilization of donor organs for the treatment of end-stage heart, lung, and liver failure.
Forward-Looking Statements
This press release contains forward-looking statements. These forward-looking statements address various matters, including, among other things, the anticipated benefits of the strategic investment, including the establishment of a dedicated pan-European air and ground logistics network to support transplant activities across the European Union; our strategy of replicating our U.S. NOP model in Europe; and our efforts to expand the adoption of the OCS technology and increase utilization of donor organs in Europe; [1]. For this purpose, all statements other than statements of historical facts are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "could," "target," "predict," "seek" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties. Management cannot predict all risks, nor can we assess the impact of all factors or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in or implied by any forward-looking statements we may make. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated in or implied by the forward-looking statements. Some of the key factors that could cause actual results to differ include: risks and uncertainties related to the strategic investment in PAD Aviation; the effects of the transaction (or the announcement thereof) on relationships with associates, customers, manufacturers, suppliers, employees, other business partners or governmental entities; transaction costs; the risk that the transaction will divert management's attention from our ongoing business operations or otherwise disrupts our ongoing business operations; risks related to the ability to integrate PAD Aviation with TransMedics, including retaining key employees; risks related to operating an aviation business; risks related to the ability to further grow and enhance the National OCS Program; and other factors described in our filings with the Securities and Exchange Commission (the "SEC"), including under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 24, 2026, and comparable disclosure in our subsequent filings with the SEC. The forward-looking statements in this press release speak only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and we are not able to predict all of them. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by applicable law.
Investor Contact:
Brian Johnston
Gilmartin Group
[email protected]
LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced today that it has successfully completed its previously announced acquisition of Precision Components Group, LLC (PCG), including its subsidiaries Precision Custom Components (PCC) and DC Fabricators (DCF). PCG is a U.S. manufacturer of complex, heavy-walled and heat-transfer components. The acquisition expands BWXT’s heavy-manufacturing footprint and enhances the company’s ability to deliver U.S.-made nuclear components for the commercial sector.
“Growing demand for reliable, carbon-free energy underscores the urgent need to strengthen the U.S. nuclear manufacturing base,” said John MacQuarrie, BWXT president for Commercial Operations.
Share“Growing demand for reliable, carbon-free energy underscores the urgent need to strengthen the U.S. nuclear manufacturing base,” said John MacQuarrie, BWXT president for Commercial Operations. “By expanding our manufacturing capabilities, we can better support reactor life-extension programs, new build activity and the long-term energy reliability our communities depend on.”
PCG joins BWXT’s Commercial Operations segment and will continue operating at its current facilities in York, Pennsylvania, and Florence, New Jersey. The acquisition adds more than 500,000 square feet of U.S. heavy-manufacturing capacity, including large-envelope machining, heavy weldments, pressure vessels, heat exchangers and ASME-certified component fabrication, and a skilled workforce of over 450 employees.
In addition to expanding commercial nuclear capacity, PCG will continue supporting existing workscopes, including components and services for Electric Boat, Bechtel Plant Machinery, Inc. and other U.S. Navy programs.
Forward-Looking Statements
BWXT cautions that this release contains forward-looking statements, including, without limitation, statements relating to the acquisition of Precision Components Group, LLC, including its subsidiaries Precision Custom Components, LLC, and DC Fabricators, Inc.; anticipated benefits of the acquisition; and future demand for commercial nuclear manufacturing services. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties, including, among other things, the ability to successfully integrate the acquired businesses; changes in market demand or government policy; and supply-chain, labor or cost pressures. If one or more of these or other risks materialize, actual results may differ materially from those expressed or implied by the forward-looking statements.
For a more complete discussion of these and other risk factors, please see BWXT’s Annual Report on Form 10-K for the year ended December 31, 2025, and subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release and undertakes no obligation to update or revise any forward-looking statement, except as required by applicable law.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company with approximately 10,000 employees, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, nuclear medicine, space exploration and environmental restoration. BWXT owns and operates 17 manufacturing facilities globally, and its 14 strategic partnerships support the U.S. and Canadian governments at more than two dozen additional locations.
For more information, visit www.bwxt.com. Follow us on LinkedIn, X, Facebook and Instagram.
