Track market-moving stories before they get noisy

Key Takeaways Alto Ingredients is expanding Pekin dry mill capacity by about 8%, adding roughly 5 million gallons annually.ALTO expects higher production from Q4 2026, increasing gallons eligible for Section 45Z tax credits.Alto Ingredients is adding logistics infrastructure to improve shipment flexibility and plant efficiency. Alto Ingredients, Inc. (ALTO - Free Report) is investing in additional production capacity at the Pekin dry mill as it looks to improve operational efficiency while capturing greater value from favorable industry incentives. Rather than building new facilities, the company is focusing on debottlenecking its most efficient plant, a move designed to increase output with relatively modest capital investment while strengthening profitability.

The project will be completed during a planned outage in June and is expected to increase the Pekin dry mill's annual production capacity by about 8%, or roughly 5 million gallons. Alto Ingredients expects the higher production rates to begin contributing from the fourth quarter of 2026. The additional volumes are expected to do more than boost production. These are expected to help improve plant utilization and create additional margin opportunities by increasing the number of gallons eligible for Section 45Z clean fuel production tax credits.

The company is also investing in supporting infrastructure at Pekin. In the first quarter, Alto Ingredients started repairs on its original dock and began construction of a second alcohol loadout facility, which is expected to improve logistics and provide added flexibility for shipments.

The expansion highlights Alto Ingredients’ strategy of generating more value from existing assets rather than pursuing large-scale expansion projects. With higher output, better logistics and greater access to clean fuel incentives, Pekin is becoming a central part of the company's operational improvement efforts in 2026.

How ALTO's Strategy Compares With PeersGreen Plains Inc. (GPRE - Free Report) has been prioritizing efficiency and carbon-intensity reduction projects across its ethanol network. In the first quarter of 2026, Green Plains highlighted investments in grain storage, low-energy distillation and other upgrades aimed at improving plant economics and lowering operating costs. Green Plains also expects these projects to increase eligibility for 45Z-related benefits over time.

MGP Ingredients, Inc. (MGPI - Free Report) has also been focused on improving asset utilization and operational efficiency across its production network. In the first quarter of 2026, MGP Ingredients highlighted initiatives to improve reliability, throughput and production efficiency while reducing waste and disposal costs. MGP Ingredients is also undertaking targeted maintenance and capital projects designed to enhance operational performance and generate better returns from existing assets.

ALTO Stock Price Performance, Valuation & EstimatesShares of Alto Ingredients have surged 415.5% over the past year compared with the industry’s growth of 5.4%.

Image Source: Zacks Investment Research

From a valuation standpoint, ALTO trades at a forward price-to-sales ratio of 0.46, lower than the industry’s average of 3.14.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Alto Ingredients’ 2026 and 2027 earnings per share implies a year-over-year rise of 671.4% and 53.7%, respectively.

Image Source: Zacks Investment Research

Alto Ingredients currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The world’s largest crypto exchange Binance has launched perpetual futures contracts tied to Strategy’s STRC perpetual preferred stock and Take-Two Interactive, the game publisher behind the highly anticipated Grand Theft Auto 6 (GTA 6). The stocks surged amid growing interest in STRC and GTA 6.

Binance Adds Strategy’s STRC and GTA 6 Game Developer to Perpetuals Offering Binance Futures has expanded its perpetuals offering to include Strategy’s STRC stock and Take-Two Interactive (TTWO), according to an official announcement on July 2. Users can start trading the stocks today.

The new offering aligns with Binance’s broader push into 24/7 stock and equity-linked perpetuals. It allows crypto traders to gain leveraged exposure to tradFi assets without needing traditional brokerage accounts.

Binance will settle these contracts in USDT and offer 25x maximum leverage. The reason behind the move is “to expand the list of trading choices offered on Binance Futures and enhance users’ trading experience,” the leading crypto exchange added.

Binance also added perpetuals for Caterpillar (CAT), Texas Instruments (TXN), Flex Ltd (FLEX), Teradyne (TER), KraneShares SSE STAR Market 50 Index ETF (KSTR), and Bending Spoons (BSP).

Stock Jumps amid Growing Interest STRC stock has continued to surge since Strategy boosted its USD reserve to $2.55 billion, announced MSTR buyback, and increased STRC dividend to 12%.

The stock closed 3.06% higher at $87.46 on Wednesday, bouncing more than 18% in a week. However, trading volume has remained low at 2.7 million as investors lost confidence in the STRC stock.

STRC stock is trading more than 1.87% up in premarket trading hours on Thursday. However, the Strategy perpetual preferred share is still below $100 par value to restart buying Bitcoin.

Strategy’s STRC Stock. Source: Google Finance Meanwhile, GTA 6 game publisher Take-Two Interactive (TTWO) stock closed 0.14% higher at $250.32. The highly-awaited GTA 6 game is scheduled for release on November 19, with pre-orders already generating massive hype.

TTWO stock is up 0.15% in premarket trading hours on July 2. The stock has jumped more than 19% in a week, causing Binance to offer exposure via perpetual futures.

Key Takeaways Petrobras cut its diesel price while ending an equal temporary discount, keeping costs steady.PBR distributors will continue paying an average of 3.30 reais per liter despite the pricing revision.Petrobras updated its pricing structure as Brazil begins reducing its diesel subsidy from July. Petrobras (PBR - Free Report) has reportedly introduced a new diesel pricing adjustment that reshapes its pricing structure without changing the amount distributors ultimately pay, according to Reuters. Effective from July 1, the Brazilian state-run integrated oil and gas company reduced its diesel price to distributors while ending a temporary discount of the same value. The decision reflects Petrobras’ response to evolving market conditions and comes as Brazil begins scaling back government fuel support measures introduced earlier this year.

Although the announcement includes a price reduction, the simultaneous withdrawal of the discount means the effective average price remains stable. We view this move as part of Petrobras’ broader effort to maintain consistency in the domestic fuel market while aligning its pricing with current economic conditions.

Petrobras Revises Official Diesel PricingPetrobras confirmed that the official diesel price charged to distributors will decrease 0.3515 reais per liter, as per the news. The adjustment follows the company's regular review of domestic fuel prices, which considers movements in international crude oil markets and refined petroleum products.

Rather than introducing a direct reduction in distributor costs, Petrobras paired the price cut with the suspension of a temporary promotional discount that carried the same value. This approach allows the company to update its pricing framework while preserving price stability across the distribution network.

Distributor Prices Remain UnchangedDespite the reduction in the listed diesel price, distributors will continue paying an average of 3.30 reais per liter. The matching withdrawal of the temporary discount offsets the official price cut entirely, resulting in no immediate financial impact for fuel distributors.

Maintaining the same effective price helps avoid sudden disruptions for companies that depend on predictable fuel costs. Freight operators, logistics providers and wholesale fuel buyers can continue planning their operations without adjusting for unexpected price fluctuations.

Petrobras Responds to Changing Energy MarketsThe latest pricing decision demonstrates Petrobras’ continued focus on adapting to market developments. Global oil prices, refined fuel values and domestic market conditions have shifted throughout the year, requiring ongoing evaluations of fuel pricing strategies.

Instead of making abrupt pricing changes, Petrobras has chosen to restructure its pricing mechanism in a way that reflects market realities while ensuring continuity for customers. This balanced approach supports greater transparency and strengthens confidence among market participants.

Brazil Begins Reducing Fuel SubsidiesThe announcement coincides with a policy change from the Brazilian government, which confirmed that a 0.35 reais per liter diesel subsidy will be reduced starting in July. The subsidy formed part of a broader package of measures designed to protect consumers and businesses during periods of elevated global energy prices.

As international oil markets become more stable, authorities are gradually withdrawing emergency financial support. This marks an important step toward restoring market-based pricing while easing pressure on public finances.

Transportation Sector Watches Pricing DevelopmentsDiesel is essential to Brazil's transportation infrastructure, making every pricing decision closely watched by the logistics industry. Trucking companies move the majority of agricultural products, industrial materials and consumer goods across the country, making fuel expenses one of their highest operating costs.

Because Petrobras has maintained the effective distributor price, businesses that rely on diesel-powered fleets are unlikely to experience immediate changes in operating expenses. Stable wholesale pricing also helps reduce uncertainty across supply chains that depend on efficient freight transportation.

Energy Market Trends Continue to Shape DecisionsPetrobras continues to base its pricing strategy on commercial and market fundamentals. International crude oil benchmarks, currency exchange rates, refinery economics and regional fuel demand all influence the company's pricing decisions.

As these factors continue to evolve, Petrobras is expected to monitor market conditions closely before implementing future adjustments. This flexible approach enables the company to respond efficiently to changing economic circumstances while supporting a reliable domestic fuel supply.

Broader Economic ImplicationsFuel pricing affects far more than the energy sector alone. Stable diesel costs contribute to predictable transportation expenses, helping businesses manage budgets and maintain competitive pricing for goods and services.

Agriculture, manufacturing, mining, construction and retail industries all benefit when fuel prices remain relatively stable. By avoiding sudden changes in distributor pricing, Petrobras helps support economic continuity for sectors that depend heavily on road transportation.

At the same time, the gradual reduction of government subsidies signals a transition toward a more market-driven environment, where future price movements will depend increasingly on supply, demand and global energy trends.

Outlook for Brazil's Fuel MarketLooking ahead, Brazil's diesel market will continue responding to international oil prices, exchange rate movements, domestic refining capacity and government policy decisions. Petrobras remains central to this process, with its pricing decisions serving as an important indicator of broader developments in the country's energy sector.

The latest adjustment demonstrates the company's commitment to balancing commercial objectives with market stability. While the official diesel price has been reduced, the suspension of the temporary discount ensures continuity for distributors and minimizes disruption across the fuel supply chain.

As Brazil continues refining its energy policies and reducing temporary support measures, Petrobras is expected to remain focused on maintaining a transparent pricing strategy that reflects market conditions while supporting long-term stability for businesses and consumers alike.

PBR's Zacks Rank & Key PicksCurrently, PBR has a Zacks Rank #3 (Hold).

Investors interested in the energy sector might look at some better-ranked stocks like Liberty Energy (LBRT - Free Report) , Paramount Resources (PRMRF - Free Report) and Delek US Holdings (DK - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Liberty Energy is valued at $4.27 billion. It is a leading U.S. oilfield services company that provides hydraulic fracturing and advanced well completion solutions for oil and natural gas producers. Liberty Energy stock has gained approximately 103.8% over the past year.

Paramount Resources is valued at $2.79 billion. It is a Canadian energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids. Paramount Resources stock has delivered a 18.2% total return over the past year.

Delek US is valued at $3.11 billion. It is a U.S.-based downstream energy company that focuses on refining crude oil and distributing petroleum products. Headquartered in Brentwood, TN, Delek US operates through two main segments: refining and logistics. DK stock has risen approximately 144.4% over the past year.

CleanSpark (CLSK - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this company have returned -22.7%, compared to the Zacks S&P 500 composite's -1.4% change. During this period, the Zacks Financial - Miscellaneous Services industry, which CleanSpark falls in, has lost 2.9%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, CleanSpark is expected to post a loss of $0.29 per share, indicating a change of -137.2% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

The consensus earnings estimate of -$3.2 for the current fiscal year indicates a year-over-year change of -550.7%. This estimate has remained unchanged over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $0.6 indicates a change of +81.1% from what CleanSpark is expected to report a year ago. Over the past month, the estimate has changed +1.1%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for CleanSpark.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For CleanSpark, the consensus sales estimate for the current quarter of $158.26 million indicates a year-over-year change of -20.3%. For the current and next fiscal years, $642.95 million and $767.7 million estimates indicate -16.1% and +19.4% changes, respectively.

Last Reported Results and Surprise HistoryCleanSpark reported revenues of $136.41 million in the last reported quarter, representing a year-over-year change of -24.9%. EPS of -$0.52 for the same period compares with -$0.02 a year ago.

Compared to the Zacks Consensus Estimate of $136.59 million, the reported revenues represent a surprise of -0.13%. The EPS surprise was -108%.

Over the last four quarters, CleanSpark surpassed consensus EPS estimates times. The company topped consensus revenue estimates just once over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

CleanSpark is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about CleanSpark. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.

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SummaryCoreWeave, Inc. maintains a Strong Buy rating, supported by a $99.4 billion backlog and sold-out 2026 capacity.CRWV trades at a forward sales multiple far below peers Nebius and IREN, despite triple-digit revenue growth and rising pricing power.Backlog quality has improved, with investment-grade customers now comprising over 70% of future commitments and robust pricing momentum across its fleet.Balance sheet risk exists due to high capex and negative free cash flow, but contracted demand and margin expansion potential outweigh near-term CRWV funding concerns. quantic69/iStock via Getty Images

CoreWeave, Inc. (CRWV) just posted its strongest bookings in history. Backlog climbed to $99.4 billion, the company sold out of its 2026 capacity, and it even raised its prices across its fleet. Then the stock sold off with every

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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.

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States (the “Company”), intends to release its second quarter 2026 results before the market opens on Thursday, July 23, 2026. In conjunction with this release, the Company will hold a conference call beginning at 10 a.m. ET on July 23, 2026, hosted by Hal Lawton, President and Chief Executive Officer, and Kurt Barton, Executive Vice President and Chief Financial Officer. The call will be webcast live at IR.TractorSupply.com. Supplemental materials will be available at least 15 minutes prior to the start of the conference call.

Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the webcast. A replay of the webcast will be available at IR.TractorSupply.com shortly after the conference call concludes.

About Tractor Supply Company

For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 290 on the Fortune 500. The Company’s more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.

As part of the Company’s commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, Allivet, a leading online pet and animal pharmacy, and VIP Petcare, the largest provider of mobile veterinary care in the United States, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer’s doorstep, Tractor Supply is here to serve and support Life Out Here.

As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.

Robinhood rolled out its own Layer 2 blockchain, tokenized stocks, and offered decentralized finance and perpetual futures trading. The company detailed its crypto expansion strategies for Europe, the United Kingdom, Canada, Singapore, and the USA. Robinhood revealed multiple blockchain developments at its London event, highlighting the latest progress in decentralized finance, tokenization, and global expansion. Specifically, Robinhood officially launched its own Robinhood Chain blockchain powered by Arbitrum technology. This is to provide blockchain solutions for decentralized apps and real-life assets.

Robinhood Chain works in tandem with Robinhood’s on-chain ecosystem and decentralized finance services, enabling people to lend, borrow, and trade tokens. They launched the network with integrations from Chainlink, Alchemy, BitGo, Uniswap, and Pleiades, providing blockchain infrastructure and liquidity services. Moreover, the company offered to trade stock tokens available to eligible customers. It functions in more than 120 countries via the Robinhood Wallet app.

Products Trading and International Growth Robinhood introduced Robinhood Earn to some customers in the US that allows trading of USDG stablecoins on a self-custodial wallet via the Morpho protocol technology. Some other users in specific jurisdictions have been allowed to trade perpetual futures on Lighter from the Robinhood Wallet app.

The firm has taken perpetual futures across Europe not only in cryptocurrency but also in commodities, ETFs, and foreign exchange products with up to ten times leverage. Some eligible traders can get access to trading of gold, silver, Brent, WTI, QQQ, EUR/USD, and EWY.

Expanding Robinhood’s Market Presence Internationally In the UK, Robinhood disclosed plans to introduce cryptocurrency trading capabilities and expand further into Canada after purchasing WonderFi. In addition, the firm obtained a capital markets service license from Singapore that will facilitate launching future brokerage capabilities in the region.

Furthermore, the company introduced Agentic Accounts for cryptocurrency trading in the US with the use of artificial intelligence models that are linked to the Trading MCP system. With this innovation, qualifying customers will be able to develop trading strategies automatically. While it retained their full responsibility for allocating its own funds and risk parameters.

Combined, these innovations illustrate the comprehensive strategy adopted by Robinhood that incorporates blockchain infrastructure, tokenization, decentralized finance, and artificial intelligence into one unified framework. The company is continuously growing its global presence and developing new products in the regulated environment. As this process advances, industry participants will monitor customer adoption, changes in regulation, and performance of Robinhood’s blockchain infrastructure and decentralized finance capabilities.

Highlighted Crypto News:
Binance Reassures EU Users as MiCA Rules Take Effect Without Exchange License

I specialize in Web3 and crypto writing, producing clear, research-driven content on blockchain, cryptocurrencies, and market trends.

HOOD Climbs 8% on Robinhood Chain Launch and an AI Guinness Record

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Futu To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Futu between May 24, 2023 and May 27, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

, /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Futu Holdings Limited("Futu" or the "Company") (NASDAQ: FUTU) and reminds investors of the August 25, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

James (Josh) Wilson, Faruqi & Faruqi Senior Partner (PRNewsfoto/Faruqi & Faruqi, LLP) Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Futu was not in compliance with the requirements of the CSRC, including because the Company continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (2) as a result, Futu was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; (3) as a result of the foregoing, Futu's financial results were overstated; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On May 22, 2026, pre-market, Futu issued a press release allegedly disclosing that it had received a notification letter from the CSRC stating that "certain Futu entities in mainland China and Hong Kong . . . without obtaining the requisite licenses or approval, conducted securities business, public fund sales business and futures business in mainland China" and that the CSRC "proposes to order the Related Companies to rectify or cease such activities, confiscate illegal gains, and impose fines, with the total proposed penalty amounting to approximately RMB1.85 billion (approximately USD271 million)." The Futu class action lawsuit further alleges that the regulatory authority "proposes to impose a personal fine of RMB1.25 million (approximately USD 183,575) on Mr. LI Hua, the founder and CEO of the Company." On this news, the price of Futu stock fell more than 27%, according to the complaint.

Then, on May 28, 2026, before the market opened, Futu issued a press release reporting financial results for the first quarter of 2026, allegedly including the proposed penalties comprised of "(i) confiscation of illegal gains of approximately RMB470 million [approximately $69.21 million USD] and (ii) imposition of fines of approximately RMB1.38 billion in an aggregate amount of approximately RMB1.85 billion." On this news, the price of Futu stock declined nearly 5%, according to the complaint.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding Futu's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Futu Holdings Limited class action, go to www.faruqilaw.com/FUTU or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the Futu Holdings Limited Securities Class Action Lawsuit:

What is the Futu Holdings Limited securities fraud lawsuit about?

The lawsuit alleges that Futu misled investors by failing to disclose it was conducting certain securities, public fund sales, and futures businesses in mainland China without required CSRC licenses or approvals. According to the complaint, this exposed the Company to significant regulatory penalties, overstated its financial results, and made its public statements about its business and prospects materially misleading.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired Futu Holdings Limited (NASDAQ: FUTU) securities between May 24, 2023 and May 27, 2026, inclusive (the "Class Period"), and suffered losses may be eligible to participate in the securities class action. Eligibility depends on the specific facts of each investor's transactions and losses.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is the investor appointed by the court to represent the interests of all class members during the litigation. Generally, the investor with the largest financial interest who meets the legal requirements may be selected. Investors seeking appointment must file a motion with the court by the August 25, 2026 deadline through counsel of their choice.

What should investors do if they purchased Futu Holdings Limited stock during the Class Period?

Investors who purchased Futu securities during the Class Period should review their investment records, preserve relevant documents, and consider contacting counsel to understand their legal rights. Those interested in serving as lead plaintiff must act before the August 25, 2026 deadline, while investors who do not seek that role may still remain eligible to share in any potential recovery.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Futu Holdings Limited securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE Faruqi & Faruqi, LLP

Global energy markets are quietly undergoing a massive structural shift. As countries race to secure reliable power that produces no carbon emissions, a once-niche technology has moved to the center of national security planning: the small modular reactor, or SMR. SMRs are factory-built microreactors, designed to be shipped on standard trucks and deployed rapidly, bypassing the multibillion-dollar cost overruns that plague traditional nuclear facilities.

Get Nano Nuclear Energy alerts:

Fusing Sovereign Capital to the Nuclear RenaissanceNano Nuclear Energy Today

NNE

Nano Nuclear Energy

$21.73 +0.98 (+4.74%)

As of 10:25 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$18.93▼

$60.87Price Target$46.50

For early-stage nuclear ventures, the primary barrier to entry has always been the sheer volume of upfront capital expenditures required to survive a decade-long commercialization timeline. Retail shareholder dilution is usually the painful mechanism that bridges this cash flow gap.

Sovereign wealth is changing that math entirely. When state-linked entities enter the capital stack, the dilution threat evaporates, replacing retail risk with geopolitical insulation. Nano Nuclear Energy NASDAQ: NNE currently trades near $21 and sits squarely in the middle of this energy sector transition. Wall Street analysts anchor fair value estimates near $46.50, meaning investors need to understand the mechanics behind Nano Nuclear Energy's strategic maneuvers to position themselves ahead of the broader nuclear renaissance.

Fueling the Core With Middle Eastern CapitalThe math on advanced nuclear technology is notoriously brutal. Developing a microreactor requires years of intense engineering, extensive regulatory lobbying, and heavy cash burn. Nano Nuclear Energy reported a $9.2 million net loss in fiscal Q2 2026, a deficit driven largely by elevated headcount and vital research and development expenditures. The company consumed $9.3 million in operational cash flow over the preceding six months. For a standard micro-cap stock, this cash trajectory usually signals an impending secondary offering to raise capital, a move that effectively dilutes existing shareholders.

Shares of Nano Nuclear Energy recently rose 11% following reports of preliminary investment discussions with an entity linked to the United Arab Emirates National Security Adviser, Sheik Tahnoon Bin Zayed. This engagement operationalizes a February 2026 Memorandum of Understanding with Abu Dhabi-based EHC Investment L.L.C., a framework specifically structured to explore the deployment of KRONOS micro modular reactors across the Gulf region.

Nano Nuclear Energy Inc. (NNE) Price Chart for Thursday, July, 2, 2026

Middle Eastern sovereign wealth funds are aggressively pursuing nuclear technology to diversify their grid infrastructure away from fossil fuels. Sovereign wealth provides patient capital. State actors do not care about quarterly earnings per share; they care about 50-year dominance in infrastructure. An investment from a United Arab Emirates state-linked entity would validate the engineering behind the KRONOS system on a global stage. It would also provide the bridge capital necessary to survive the U.S. Nuclear Regulatory Commission review process without punishing early investors through dilution.

The Tech Sector Needs a Nuclear BaseloadSovereign wealth provides the geopolitical base case, but the technology sector is engineering a massive secondary catalyst. Artificial intelligence requires staggering amounts of electricity. Hyperscale data centers are physically constrained by local grid capacity, forcing tech giants to seek localized, off-grid baseload power solutions.

Nano Nuclear Energy recently executed a strategic collaboration with Super Micro Computer NASDAQ: SMCI targeting co-packaged nuclear modules for artificial intelligence server infrastructure. This concept shifts the microreactor narrative away from traditional utility applications and positions the technology squarely toward tech-driven infrastructure. Packaging KRONOS microreactors alongside hyperscale server farms allows operators to bypass regional grid limitations entirely. This positions Nano Nuclear Energy not just as an alternative energy play, but as a critical component within the physical supply chain of global artificial intelligence deployment.

A High-Yield Meltdown for SMR Short SellersUnderstanding the fundamental business is only half the equation, as understanding how the market is trading the stock is equally critical. Nano Nuclear Energy commands a valuation of roughly $1.1 billion on a highly illiquid float of 35 million shares. Short sellers currently maintain a highly aggressive posture, controlling 28.35% of the float, representing nearly 11.5 million shares sold short.

These bearish bets are anchored in traditional energy market mechanics. Short sellers are betting the commercialization timeline will starve Nano Nuclear Energy of capital, forcing a collapse in the share price before a physical reactor ever comes online. High short interest against a small float creates a powder keg for investors. The current days-to-cover ratio sits at 4.34. This metric means that even at average daily trading volumes, it would take short sellers over four consecutive days of pure buying to exit their positions.

If preliminary negotiations with the United Arab Emirates result in a definitive joint venture or a direct equity injection, the short sellers' foundational thesis is instantly undermined. A rush to cover 11.5 million shares in an illiquid market could trigger a classic, violent short squeeze. Smart money is quietly positioning for this exact upside scenario. Institutional flows showcase a net-positive accumulation trajectory, with 135 institutional buyers injecting $406.44 million over the trailing 12 months. This dwarfs the $109.75 million in institutional outflows.

The Fallout of Geopolitical FrictionA high-conviction approach requires acknowledging the structural risks. Regional geopolitical friction in the Middle East dictates the immediate deployment timeline. Chief Executive Officer James Walker explicitly stated that site selection and feasibility studies in the Gulf face delays pending a resolution to regional conflicts involving Iran.

Insider selling activity also warrants scrutiny. Chairman Jiang Yu and Chief Executive Officer James Walker liquidated a combined 700,000 shares on June 3, 2026. This equates to roughly $22 million sold via automated 10b5-1 trading plans. Prescheduled 10b5-1 plans do not necessarily indicate a lack of internal confidence, but heavy executive selling at the onset of major sovereign wealth negotiations naturally caps near-term upward momentum.

To offset the long regulatory runway of the core reactor business, management executed a critical acquisition in May 2026. The purchase of Secured Transportation Services transitions Nano Nuclear Energy from a pure pre-revenue venture into an enterprise holding a revenue-generating subsidiary.

Secured Transportation Services executes transport missions aligned with the Department of Energy and the National Nuclear Security Administration. This new cash flow, paired with a current ratio of 95.73, provides Nano Nuclear Energy with a short-term buffer against margin compression while the KRONOS reactors work through the regulatory pipeline.

Securing Your Stake in the SMR Chain ReactionThe global shift toward advanced nuclear baseloads is transitioning from speculative theory to sovereign-backed reality. Preliminary funding discussions validate the commercial viability of localized microreactors, and the integration of small modular reactors into artificial intelligence data center infrastructure opens entirely new total addressable markets.

Regional instability in the Gulf and active insider selling present tangible hurdles, but the underlying market mechanics of an illiquid float paired with heavy short interest create a highly asymmetric risk profile. Investors with a higher risk tolerance might consider adding Nano Nuclear Energy to an infrastructure watchlist as the U.S. Nuclear Regulatory Commission formalizes its review activities and sovereign wealth negotiations mature into definitive funding agreements.

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BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Cerebras Systems Inc. (“Cerebras” or the “Company”) (NASDAQ: CBRS) investors concerning the Company's possible violations of federal securities laws.IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN CEREBRAS SYSTEMS INC. (CBRS), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.Contact the Law Offices of Howard G. Smith to discuss your legal rights by.

Apple stock is trading at elevated levels. Where are AAPL shares going? What Is Driving Apple’s Recent Price Increases?Apple raised prices on several hardware products—MacBook Neo, MacBook Air, MacBook Pro, iPad Pro, iPad Air, HomePod, HomePod mini and Apple TV—while leaving iPhone pricing unchanged, citing tightening memory and storage supplies as AI infrastructure spending accelerates. The move lines up with Micron Technology CEO Sanjay Mehrotra’s view that memory markets could stay tight beyond calendar 2027.

Apple’s latest round of increases includes a $100 jump on the MacBook Neo to $699 and a $200 increase on the MacBook Air 512GB to $1,299, raising the stakes on whether demand holds as sticker prices rise. Bigger-ticket moves like iPad Air 128GB going from $599 to $749 and iPad Pro WiFi 256GB from $999 to $1,199 put the margin-versus-units tradeoff front and center.

Apple’s supply strategy is also shifting from cost control to outright availability, with analyst Ming-Chi Kuo warning the "memory supply-demand gap will keep widening through 2027" as AI data centers absorb capacity. Kuo estimates 15% to 20% of memory capacity allocated to consumer electronics in 2026 could be redirected to AI data centers in 2027.

Critical Price Levels To Watch For AAPLApple is sitting right on top of its short-term trend gauges, trading essentially flat versus the 20-day SMA ($294.88) and modestly above the 50-day SMA ($292.67), which often translates into choppy, headline-driven action rather than a clean momentum run. The bigger-picture trend still leans constructive, with price about 6.6% above the 100-day SMA ($276.59) and about 9.1% above the 200-day SMA ($270.33).

RSI is the cleaner momentum lens here: at 50.78, it’s neutral, which fits a stock that’s digesting gains rather than pressing into overbought territory. RSI measures how "stretched" a move is, and this reading implies neither buyers nor sellers have a clear momentum edge right now.

The moving-average structure remains supportive, with the 20-day SMA above the 50-day SMA and a golden cross (50-day SMA above 200-day SMA) that formed in September 2025 still intact. Key turning points to keep in mind: RSI pushed into overbought territory in June (near the recent swing high and 52-week high), while the more recent swing low in April is the last obvious higher-low reference on the chart.

Key Resistance: $302.50 — a nearby pivot area that sits above the current price and can act as the next "prove it" level for a breakout attempt Key Support: $287.50 — a nearby floor that’s below the 20-day/50-day area and would be a key line to defend if the stock slips back into its recent range What Is Apple and How Does It Operate?Apple is among the largest companies in the world, with a broad portfolio of hardware and software products aimed at consumers and businesses. The iPhone drives the majority of sales, and products like the Mac, iPad, and Watch are built around the iPhone as the center of a wider ecosystem.

That ecosystem matters for today’s news because component costs (like memory and storage) can ripple across multiple device lines at once, not just one product cycle. Apple also designs its own software and semiconductors and relies on partners like Foxconn and TSMC to manufacture products and chips, which makes supply-chain constraints and pricing power a recurring theme for investors.

Apple Earnings Preview: What Analysts ExpectLooking further out, the next major catalyst for the stock arrives with the July 30, 2026 (estimated) earnings report.

EPS Estimate: $1.89 (Up from $1.57 YoY) Revenue Estimate: $108.86 Billion (Up from $94.04 Billion YoY) Valuation: P/E of 35.6x (Indicates premium valuation relative to peers) Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $324.16. Recent analyst moves include:

Evercore ISI Group: Outperform (Maintains Target to $365.00) (June 25) KGI Securities: Downgraded to Hold (Target $315.00) (June 22) B of A Securities: Buy (Maintains Target to $380.00) (June 18) How $1,000 Invested In Apple Would Have PerformedA $1,000 investment in Apple Inc. on July 2, 2021, would have grown to $2,135 by July 1, 2026—a 113.5% return over the period, excluding dividends. The stake swung between $907 and more than $2,000 along the way.

After starting on July 2, 2021, the position hit its period low on January 5, 2023, before recovering and later reaching a period high on June 2, 2026. The journey included a maximum drawdown of -33.4%. By July 1, 2026, the investment finished the five-year stretch at $2,135.

Apple’s 16.4% annualized return outpaced the S&P 500’s 11.6% annualized gain and edged the Nasdaq 100’s 15.3% annualized return over the same holding period. A separate five-year snapshot pegged Apple’s average annual return at 15.04% and put a $1,000 stake at $2,054.35.

Apple Inc. has a market capitalization of about $4.34 trillion. The stock’s current P/E is 35.6, and its current dividend yield is 0.37%.

Apple Benzinga Edge Rankings: Strengths and WeaknessesBelow is the Benzinga Edge scorecard for Apple, highlighting its strengths and weaknesses compared to the broader market:

The Verdict: Apple’s Benzinga Edge signal reveals a quality-and-momentum-led setup with a clear premium-valuation tradeoff. For longer-term bulls, the trend stays intact above the major moving averages, but the low Value score means the stock may need clean follow-through (or strong guidance) to push through resistance.

AAPL Stock Price Activity AAPL Stock Price Activity: Apple shares were trading 1.73% higher at $299.46 at the time of publication on Thursday, according to Benzinga Pro data.

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While the Meta report sparked concerns about future competition, not all Wall Street analysts believe the sell-off is justified. Some argue that demand for AI computing remains strong and that CoreWeave’s competitive position has not materially changed.

Rosenblatt Sees Buying OpportunityRosenblatt analyst John McPeake defended CoreWeave after the Meta report. He said the firm’s checks show no change in demand for GPU computing capacity from large cloud companies, with shortages still common across the industry.

McPeake also said Meta likely does not have the right to resell any capacity it has leased from CoreWeave through 2032 to third parties. He said CoreWeave’s weakness creates a buying opportunity and reiterated a Buy rating with a $250 price forecast.

Evercore ISI analyst Mark Mahaney told CNBC that Meta could generate $10 billion to $20 billion in incremental annual revenue by selling excess AI computing capacity.

If successful, Meta could leverage its scale to compete with specialized AI infrastructure providers while generating a lucrative new revenue stream from assets it has already built.

Weak Technical PictureCoreWeave shares traded at $85.45, well below all major moving averages. The stock is down 43.5% over the past 12 months and trades 17% below its 20-day simple moving average, 21.7% below its 50-day SMA, 13.7% below its 100-day SMA and 14.7% below its 200-day SMA.

The 20-day SMA remains below the 50-day SMA, a bearish signal that points to persistent selling pressure. Although the stock formed a golden cross in May, with the 50-day SMA moving above the 200-day SMA, shares have since fallen below both averages, limiting the bullish signal’s impact.

Momentum indicators also remain weak. The MACD is below its signal line and the histogram is negative, suggesting upside momentum has faded. On the upside, $88.50 is the first key resistance level. Support sits near $70.50, close to the lower end of the stock’s 52-week range.

CoreWeave Price ActionCRWV Stock Price Activity: CoreWeave shares were down 0.28% at $85.45 during premarket trading on Thursday, according to Benzinga Pro data.

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It’s official, Meta Platforms (NASDAQ:META | META Price Prediction) is getting into the business of selling extra AI compute to others. The big news sent shares of the social-media and AI fast-mover up close to 9% in a single session of trade. While shares were incredibly cheap going into the session, the news shouldn’t have come as such a surprise, especially since Mark Zuckerberg floated the idea around previously.

Indeed, Meta Platforms has been spending serious cash on the AI buildout, with perhaps more of a “Mad Max” sense of urgency than some of the other hyperscalers.

After all, AI data centers in tents are a testament to the kind of demand that needs to come online to meet the demand for next-generation AI applications that could really kick off the monetization inflection point. In any case, add Meta to the list of hyperscalers. It’s a new entrant, but it’s one that might just have a bit more muscle as the great AI buildout continues.

Of course, it might seem tougher to play from behind as a hyperscaler. That said, in the AI era, I do think that starting fresh is a huge advantage. For Meta Platforms, it’s getting into the data center business at the right time. It doesn’t have to worry about legacy infrastructure and all the sort.

It’s built infrastructure to serve itself, and, all the while, it’s developed the expertise when it comes to procuring the components and getting everything up and running. With a ton of AI demand and investors looking for ROIs rather than just CapEx, Meta certainly stands out as a name that might be ready to move on as it transforms something expensive and uncertain into cold, hard cash.

Meta Platforms: The neocloud giant that could win big In my view, Meta is an agile, neocloud-esque kind of AI data center play, one with profoundly deep pockets that the smaller neoclouds can only dream about matching. And let’s not forget about the extreme levels of profitability. Perhaps there was a reason why shares of Nebius Group (NASDAQ:NBIS) imploded 17% in a single day.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Meta didn't make the cut. Grab the names FREE today.

Demand for bare metal compute without the added complexity of existing platforms might actually grant Meta Platforms the upper hand as the hyperscaler race collides with an agentics-driven inference inflection point.

Add Meta’s very aggressive custom silicon roadmap (iterations every six months) and Mark Zuckerberg’s willingness to move fast (but hopefully not break things), and it feels like Meta Compute is the new, hyper-grower in the AI compute race.

The bottom line While the nearly 10% surge on Canada Day seems like a bit of an overreaction, I still think the stock is priced at a significant discount.

The name trades at 22.30 times trailing price-to-earnings (P/E), which I think makes little sense, especially when you consider that Meta Compute might have what it takes to outmuscle its hyperscaler peers. It has the agility of a neocloud with the economies of scale of a hyperscaler giant.

I think that’s a formula for success and perhaps new all-time highs sooner rather than later. If Zuckerberg and company get Meta Compute right, I think it won’t take long before Meta Platforms breaks past the $2 trillion market cap mark. Maybe, just maybe, Meta Platforms will lead the Magnificent Seven to higher highs again.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Meta didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

For a stock that has spent much of the past few weeks looking heavy and technically fragile, Tesla Inc NASDAQ: TSLA is having an impressive turnaround. Until recently, its shares had been struggling to shake off a run of unhelpful headlines, from the fresh NHTSA probe to broader macro uncertainty, and looked in real danger of forming a proper downtrend.

AUSTIN, Texas--(BUSINESS WIRE)--In the second quarter, we produced over 450,000 vehicles, delivered over 480,000 vehicles and deployed 13.5 GWh of energy storage products.

Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve these results.

Q2 2026

Production

Deliveries

Subject to operating lease accounting

Model 3/Y

442,936

467,762

2%

Other Models

8,822

12,364

2%

Total

451,758

480,126

2%

Tesla will post its financial results for the second quarter of 2026 after market close on Wednesday, July 22, 2026. At that time, Tesla will issue a brief advisory containing a link to the Q2 2026 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.

What: Tesla Q2 2026 Financial Results and Q&A Webcast
When: Wednesday, July 22, 2026
Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time
Q2 2026 Update: https://ir.tesla.com
Webcast: https://ir.tesla.com (live and replay)

Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.

For additional information, please visit https://ir.tesla.com.

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q2 earnings. Tesla vehicle deliveries and storage deployments represent only two measures of the Company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including average selling price, cost of sales, foreign exchange movements and others as to be disclosed in the 10-Q for the quarter ended on June 30, 2026.

Price cuts helped the electric automaker rebound in Europe in the second quarter, offsetting declines in the United States.

Tesla reported vehicle deliveries and production levels for the second quarter that far exceeded Wall Street expectations, as Elon Musk's automaker tries to rebound from consecutive annual declines in auto sales.

Here are the key numbers:

Total Q2 vehicle deliveries: 480,126Total Q2 vehicle production: 451,758Analysts were expecting around 406,600 deliveries, according to StreetAccount's consensus. Tesla's company-compiled consensus published last week was 406,024 deliveries.

In the same period last year, Tesla reported around 384,000 deliveries, and in the first quarter of 2026, the number came in at 358,023.

Thursday's update showed a 25% year-over-year increase, and 34% increase versus the first quarter in deliveries for Tesla.

Shares of Musk's EV maker sank about 4% on Thursday.

Tesla doesn't break out exact delivery numbers by region or individual model, but the company said its entry-level Model 3 sedan and most popular Model Y SUVs accounted for 467,762, or 97% of its deliveries. Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in its shareholder communications.

Tesla is trying to recover from consecutive annual declines in vehicle sales that were partly caused by a consumer backlash against Musk, the world's wealthiest person, and by the loss of a U.S. federal tax credit. Musk's incendiary political rhetoric, endorsements of anti-immigrant extremists in Europe, and his work with the Trump administration to shrink the federal workforce drove away some prospective EV buyers.

Read more CNBC tech newsMeta's push into cloud computing means Wall Street has to prepare for lower marginsChip stocks that notched record rallies in second quarter start Q3 with a dudPlayStation will end physical disc production for new games in 2028Employers who laid off workers citing AI are already starting to regret itMeanwhile, Chinese automakers like BYD, Nio and Xiaomi came to market with an array of more affordable, and high-tech EVs, while Tesla also faced increased competition from South Korea's Hyundai Motor Group and European EV makers including Volkswagen.

To revitalize sales, Tesla started selling lower-cost versions of its Model 3 and Model Y vehicles, and more recently made its driver assistance systems, marketed under the brand name Full Self-Driving (Supervised), available in some European markets.

The biggest boon for the company in the quarter may have been soaring gas prices resulting from the war in Iran. European car buyers purchased more Tesla and other EVs in the first half of the year. However, oil prices are now back near where they were trading before the war began in February, in response to a fragile truce between the U.S. and Iran, and diplomatic efforts to bring the conflict to a lasting conclusion.

In the U.S., car buyers have pulled back from fully electric vehicles, and are embracing hybrids, according to Dan Hearsch, managing director at AlixPartners.

"We have a huge country, and people live far away from each other compared to Europe where the charging infrastructure is better and people don't have to drive quite so far," Hearsch said.

In the second half of the year, inflation, shifting trade policy, the rising cost of chips and other components may pose the biggest challenges to U.S. automakers, he added.

Tesla stock chart.

Musk has directed Tesla to focus on ramping production and sales of its Semi electric trucks, and to start production of its driverless Cybercab. The company is also looking to begin production of its Optimus humanoid robots.

In Tesla's first quarter investor update, the company said it was "optimizing" its vehicle portfolio, "with an emphasis on vehicles designed for a fully autonomous future" and expected "volume production of both Cybercab and the Tesla Semi this year."

Tesla said in January that it would stop producing its flagship Model S and X vehicles, and would use their factory lines in Fremont, California to build Optimus units.

In its Energy business, which installs solar photovoltaics and sells battery energy storage systems, Tesla said it deployed 13.5 GWh in the second quarter of 2026, compared to 9.6 Gwh a year ago. Analysts expected 13.3 GWh.

Musk's SpaceX, which owns xAI, bought $269 million worth of Tesla Megapacks in April, according to its IPO filing. SpaceX is using the Megapacks to reduce xAI's electricity costs at its power-hungry data centers in and around Memphis, Tennessee.

In the second quarter deliveries report, Tesla did not disclose whether related-party transactions contributed to the strong numbers. Last year, SpaceX spent $131 million purchasing Tesla Cybertrucks. That dollar amount represented a large portion of the 20,237 Cybertrucks Tesla sold in 2025, according to Kelley Blue Book.

As of Wednesday's close, Tesla shares were down about 5% this year, while the Nasdaq was up 12%.

Tesla plans to report second-quarter financial results on Wednesday, July 22, after the market's close.

watch now

The electric automaker sells just three new-car models now, with CEO Elon Musk putting the focus on autonomous vehicles and robotics.

In Brief

Posted:

6:20 AM PDT · July 2, 2026

Image Credits:Tesla Tesla delivered more than 480,000 vehicles in the second quarter of this year, an increase of more than 120,000 from the first quarter, in a sign that the company is still able to attract new buyers for its EVs despite a downturn in the U.S. market.

The company said Thursday that it built 451,758 in the second quarter, 442,936 of which were Model 3 sedans and Model Y SUVs. It delivered 467,762 of those vehicles, with the remaining 12,364 being “other models” — which includes the Cybertruck and the final-production Model S sedans and Model X SUVs. It was the company’s best second quarter by raw delivery numbers ever, and easily outpaced Wall Street’s expectations.

It’s Tesla’s best quarter for overall sales since the third quarter of 2025, when it shipped just shy of 500,000 vehicles around the world. And while the company still has an uphill battle to stop a two-year trend of declining overall sales, the second quarter results show Tesla is finding ways — through geographic expansion, and cheaper versions of the Model 3, Model Y, and Cybertruck — to buck that trend.

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Iren (IREN 5.27%) recently announced a new deal, but it wasn't the sort of agreement that investors could have been expecting. While its fellow AI cloud providers Nebius (NBIS 17.02%) and Cipher Mining (CIFR 6.78%) have been signing hyperscaler deals that can run for up to 15 years, Iren inked a partnership with the NBA's Golden State Warriors.

Iren is paying $50 million per year to the basketball team to display its logo patch on every jersey. It's the richest such sponsorship deal in North American sports history, and it has attracted sharp criticism from investors, but if Iren executes correctly, this deal could be a masterstroke.

Image source: Getty Images

The justified frustration On the surface, this deal looks bad. Iren closed a $3 billion convertible notes offering in May and secured $3.65 billion in GPU financing in June. It also issued $2.3 billion in convertible notes in December 2025, after selling $1 billion worth of convertible notes in October 2025.

Today's Change

(

-5.27

%) $

-2.41

Current Price

$

43.32

In other words, Iren is borrowing money at a prodigious pace. That's natural: It operates in a capital-intensive business, and it may be years before it can produce consistent profits. The company has also set up a mechanism that would allow it to conduct up to $6 billion in at-the-market equity sales, which creates a significant dilution risk to shareholders, but Iren is unlikely to tap into that full amount in one shot. It's more of a backup than a mandate, but its pattern of heavy spending and borrowing has irked some investors.

That's the context for the Golden State Warriors deal, and it explains why investors were expressing extreme displeasure with it on X and Reddit.

Starting to see the opportunity When an unprofitable company is raising capital through the sale of convertible bonds that can dilute investors, every investment that it makes is going to attract more attention and scrutiny. The Golden State Warriors deal looks particularly unwise if you assume that Iren only wants to work with hyperscalers. Data center peers Nebius and Cipher Mining didn't have to sponsor sports teams to win deals with tech giants this year. In that context, Iren's $50 million annual commitment to this type of marketing deal looks unnecessary.

An Iren logo on a Golden State Warriors jersey won't be the decisive factor that leads a company the size of Meta Platforms to think about doing business with the neocloud. However, an AI start-up founder in the Bay State whose operation needs only 10 to 20 megawatts of AI cloud infrastructure may notice the patch while watching a Warriors game and get curious. Then, that same AI start-up founder may see Iren ad placements elsewhere.

Iren can charge more per megawatt for smaller deals than it can when leasing large-scale capacity to a hyperscaler such as Meta. Those smaller companies also are likely to lack the financial strength and technical wherewithal to build their own AI data centers. Meta and other tech leaders are already building their own.

Because hyperscalers have the ability to bring more of their own AI cloud infrastructure online, they will have tremendous leverage when negotiating contract renewals with Nebius and Cipher Mining, unless the demand for AI processing power goes so parabolic that it just makes sense for them to continue working with those companies while creating more AI data centers.

If Iren works with a bunch of smaller AI companies in addition to hyperscalers, that healthy mix of deals will make it less reliant on a handful of tech leaders. Iren's press release mentioned "community investment efforts" in the Bay State, suggesting it's not just targeting hyperscalers.

Communication needs to be better This deal can be a great thing for Iren. It's similar to how Google Cloud has been a sponsor for Major League Baseball since 2020, as well as the league's official provider of cloud data and analytics services. It won that deal away from the MLB's previous partner, Amazon Web Services. So there's a precedent for cloud companies to use deals with professional sports teams and organizations as a tool to reach new customers. Alphabet (GOOG +1.30%) (GOOGL +1.11%) and MLB announced an expanded, multiyear partnership in 2022, showing that both sides have liked the arrangement.

However, Iren hasn't hinted at how its new sponsorship deal will translate into more contracts or higher revenue projections. That has left investors trying to connect the dots. Overall, it's not a good look for a growth stock that's still burning through cash without a stream of new deals.

Iren can actually run away with this opportunity. Fellow neocloud providers Nebius and Cipher Mining are in such a rush to sign huge deals that they don't have as many unsigned megawatts available to offer smaller enterprises. That leaves a narrower pool of competitors, and gives Iren more pricing power. However, for now, there are just too many questions about how this deal is meant to play out, and not enough answers. Most interested investors remain focused on when Iren's next hyperscaler deal will arrive, and are seeking progress on that point.

Communication used to be a major strength for this company; last year, it released monthly updates. Iren needs to deliver an investor presentation that outlines where all of these investments are leading, and what the company wants to do within the next five to 10 years. If it answers these lingering questions in a way that makes sense, it could get more investors on board.

Alphabet Inc. (NASDAQ:GOOG) had a rough week in the courts — here’s what happened.

Alphabet stock is slipping. What’s next for GOOG stock? Three Court Losses in Three DaysOn Thursday, the Court of Justice of the European Union upheld a €4.1 billion ($4.67 billion) antitrust fine against Google related to anti-competitive practices tied to the Android operating system, the EU’s largest-ever antitrust penalty against a single company. Google told Reuters it had already updated its agreements in 2018 to comply with the original decision.

The stock is still up approximately 4% over the past week despite the court losses.

Google Shares Edge LowerGOOG Price Action: At the time of publication, Google shares are trading 0.58% lower at $355.82, according to data from Benzinga Pro.

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Key Takeaways Shipping ETFs soared as Middle East tensions disrupted global trade routes and lifted freight rates.Semiconductor and AI infrastructure ETFs surged on relentless demand for chips and data centers. South Korea, utilities and gasoline funds gained from AI momentum and energy market shocks. U.S. stocks just capped a strong first half of 2026 and a robust second quarter as semiconductor shares powered the market rally. The strength in semiconductors provided a major boost to the broader market and reinforced investor confidence in the ongoing AI-driven growth story.

Major Indexes Deliver Strong First-Half ReturnsThe Dow Jones advanced 8.9% during the first six months of the year, marking its best first-half performance since 2021, when it gained 12.7%. The S&P 500 rose 9.6%, while the Nasdaq outperformed with a gain of more than 12%.

Small-cap stocks also enjoyed a standout period. The Russell 2000 jumped nearly 22%, recording its strongest first-half performance since 1991, as quoted on CNBC.

Volatile Start Gives Way to a Strong RecoveryThe first half of the year was marked by significant volatility. Markets reached record highs despite sharp fluctuations in energy prices caused by the Iran conflict and ongoing concerns about whether AI-related spending could remain sustainable.

Inside the Iran War Following large-scale U.S.-Israel strikes on Iranian military infrastructure in February 2026, the United States and Iran engaged in months of warfare. The conflict severely disrupted global oil routes when Iran moved to block the Strait of Hormuz.

However, by mid-2026, the two nations signaled a ceasefire, bringing active hostilities to a halt and moving toward an extended period of Pakistan-mediated negotiations.

AI Bubble Concerns Doing RoundsThe AI trade has been a winning market theme, but the gains have been relatively narrow, increasing portfolio concentration risk and leaving investors more exposed to drawdowns and volatility in the technology sector. 

As per a CNBC article, in June, approximately $2.3 trillion was wiped off the combined market value of the Mag 7 as investors grew increasingly concerned about the sustainability of massive AI infrastructure spending and whether the expected returns would justify the significant capital outlays.

Upbeat Earnings: Key Positive of 1H 2026Solid corporate earnings remained the key market driver. Total S&P 500 earnings are expected to increase by 23.7% in the June quarter of 2026 from the same period last year, with revenues expected to rise 11.4% year over year.

Note that investor sentiment improved considerably during the second quarter as worries surrounding the AI trade subsided and geopolitical tensions appeared to be moving toward resolution.

The S&P 500 and Nasdaq gained 14.9% and 21.4%, respectively, in Q2, delivering their strongest quarterly performances since the second quarter of 2020. The Dow climbed 12.9%, its best quarter since the final three months of 2022, as quoted on the same CNBC article.

Fed Stays Put, Hints at Hawkish Path AheadThe Federal Reserve left interest rates unchanged in June for the fourth straight policy meeting, keeping the benchmark federal funds rate in the 3.50%-3.75% range. This meeting was also the first under the new Fed Chair Kevin Warsh. 

While the Fed kept rates on hold, its latest projections suggest that policymakers are leaning toward keeping borrowing costs higher for longer. Several officials signaled rate hikes later this year, as quoted on Yahoo Finance.

Alphabet Joins Dow JonesAlphabet (GOOGL - Free Report) officially entered the Dow Jones Industrial Average, earning one of Wall Street's most recognizable blue-chip distinctions in June-end.The addition marks a major milestone for the Dow Jones index, shifting its focus away from traditional telecommunications toward artificial intelligence and other key tech areas (read: Alphabet Joins Dow Jones: ETF Likely to Benefit).

Winning ETF Areas in Focus Against this backdrop, below we highlight a few winning ETF areas of this year.

Shipping Breakwave Tanker Shipping ETF (BWET - Free Report) – Up 670.2% YTD

The Middle East conflict and the closure of the Strait of Hormuz have disrupted key shipping routes, driving a sharp surge in freight rates. This has strengthened the investment case for BWET.

Semiconductor Invesco Semiconductors ETF (PSI - Free Report) – Up 121.2%

The rise of AI, cloud computing, big data, data centers, the Internet of Things, 5G expansion, smartphone upgrades, and new gadgets has been fueling demand for chips and other semiconductor products.

South KoreaiShares MSCI South Korea ETF (EWY - Free Report) – Up 90.8%

South Korean stocks have seen an unprecedented rally in 2026. Driven by the global artificial intelligence boom and heavy international demand for memory chips, the tech-heavy EWY has rallied.

Utilities Tortoise AI Infrastructure ETF (TCAI - Free Report) – Up 77.7%

In 2026, the AI infrastructure market has grown far beyond foundational chipmakers to encompass memory, networking, power management, and physical data center construction.

Gasoline United States Gasoline Fund LP (UGA - Free Report) – Up 68.8%

The fund’s price surged in 2026 due to supply shocks linked to Middle East hostilities, particularly the U.S.-Iran conflict in late winter, which sent wholesale gasoline futures sharply higher. This was further augmented by the start of the summer driving season.

Google will have to pay a record €4.1bn (£3.5bn) fine after it lost its fight against EU antitrust regulators. 

Eight years ago, the search engine giant was handed a €4.3bn fine by the regulator for using Android to block rivals - that fine was subsequently reduced to €4.1bn on appeal.

However, when Google took the case to Europe's highest court, the Court of Justice of the European Union, the court sided with regulators.

"The appeal brought by Google and its ​parent company Alphabet against the judgment of the General Court is dismissed, ​thereby confirming the penalty imposed for Google Search's abuse of a dominant position in the ‌context of ⁠the Android operating system," said the judges.

A Google spokesperson said the judgment failed to take into account its investment to ensure Android remains open, interoperable and free.

"In any event, we adapted our agreements to comply with the initial ​decision back in 2018 ​and we remain ⁠focused on continued innovation and openness for our users, partners and developers", Google said.

The fine was originally imposed over allegations the company had forced Android manufacturers to pre-install the Google Search app and Chrome as a condition of allowing them to offer access to its Play app store.

Google was also accused of paying manufacturers who agreed to exclusively pre-install Google Search on devices and threatening manufacturers who used different versions of Android but wanted to pre-install Google apps.

The record fine is just part of the eye-watering £11bn sum racked up by Google in EU fines over the last decades; in the last two years alone, it has been fined another €5.35bn by the EU for antitrust breaches.

The latest news is likely to antagonise US President Donald Trump, who has accused the EU of unfairly targeting American companies. Last week, he threatened "100% tariffs" on any EU country that imposed digital service taxes on US companies.

On Christmas Eve, the White House imposed visa bans on five public figures in Europe for allegedly targeting US companies operating in the region.

This year is now halfway over, and the market has taken investors on quite the roller coaster ride. 2026 started off flat, declined at the end of March, saw a major rally through June, and then gave up some of its gains to end it. Overall, the S&P 500 is still up 8%, which is a pretty good start to the year, especially considering that its long-term annualized gain is about 10%.

But not all stocks have participated. There are several that either have lost money or haven't risen nearly as much as the data indicates they should have. These stocks are the ones I'm eyeing in July, and I've got three that I think are due for a major rally.

Image source: Getty Images.

Microsoft We'll start with Microsoft (MSFT +1.22%). Its stock has declined more than 20% so far in 2026 -- not the start any investor wants. This performance comes on the back of a rough end to 2025, and Microsoft is well off the all-time high it established last year.

The selling pressure with Microsoft has been intense, and now the stock is down about 30% from its all-time high. In the past decade, that happened only once: at the start of 2023, when the market was convinced that the country was heading into a recession. So that gives you a sense of the bearish sentiment surrounding Microsoft's stock right now.

Today's Change

(

1.22

%) $

4.70

Current Price

$

388.98

This sentiment may also be unjustified, as Microsoft is doing well as a business, with revenue rising 18% and diluted earnings per share (EPS) increasing 23% during its last quarter. Microsoft's AI strategy appears to be working as well, as its annual recurring run rate for its AI business topped $37 billion and was growing at a 123% year-over-year pace.

To top things off, Microsoft trades at 19 times projected earnings for fiscal 2027 (which began July 1). That's a dirt cheap price for a top-notch company.

Today's Change

(

-3.62

%) $

-22.17

Current Price

$

590.74

Meta Platforms Meta Platforms (META 3.62%) has had a similarly rough year and is down nearly 20% from its all-time high. This negative stock sentiment is mostly coming from its AI strategy, which doesn't appear to be panning out at the moment. While it has made some improvements to its advertising platform that spans its social media properties -- Facebook, Instagram, Threads, and WhatsApp -- the market isn't impressed.

Even though Meta's revenue grew at a 33% pace during Q1, it still isn't good enough for the market, and the stock is valued at a relatively low level.

META PE Ratio (Forward) data by YCharts

At 17 times forward earnings, Meta's stock is well off the average valuation of a big tech stock and also trading at a deep discount to the broader market. The S&P 500 trades for 21.5 times forward earnings, so this point marks a major discount. I think Meta is also due for a rally, and buying shares now would allow you to participate in it.

Today's Change

(

0.74

%) $

1.47

Current Price

$

199.05

Nvidia Although Nvidia (NASDAQ: NVDA) hasn't lost money for investors in 2026, it isn't enjoying the success investors are used to seeing. It's up only about 3%, but I think its stock is acting like a coiled spring waiting to explode.

It all boils down to a simple fact: The AI data center build-out is far from over. Nvidia is a critical part of that trend, as it supplies the computing units to many AI hyperscalers. Nvidia has informed investors that it expects AI hyperscaler capital expenditures to top $1 trillion next year, up from $650 billion this year. If that's true, then there's a lot more growth ahead for Nvidia, but none of that is priced into the stock.

NVDA PE Ratio (Forward 1y) data by YCharts

Nvidia's shares trade for 21.5 times forward earnings, the same price as the S&P 500. However, when next year's earnings are used, the number tumbles to a mere 15 times earnings. That's a huge bargain for a stock that's telling investors big growth is coming next year, making it a no-brainer buy now.