Track market-moving stories before they get noisy

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Weyerhaeuser (WY) is priced at an extreme discount at roughly 66% of net asset value (NAV). This is likely due to the market correctly seeing the challenging conditions in both timber and lumber. However, the market could be underestimating natural market forces that restore equilibrium. As the vertical adjusts, WY’s position as the market share and margin leader should result in substantial EBITDA growth which will make WY’s free cash flow oversized relative to the market price. As earnings improve, I think WY will trade up toward NAV for about 50% upside.

Specifically, this article will examine:

Factors making timber and lumber businesses challenging. Mechanisms of equilibrium restoration – curtailments, utilization, consolidation. Margin and market share gains Incremental sources of EBITDA Valuation by assets and earnings Fair value Challenged industry conditions

The margin difficulties of the lumber vertical are not immediately apparent looking at lumber prices.

tradingeconomics

$631 is low compared to the extreme lumber prices of 2021 and 2022, but still reasonably fine compared to pre-pandemic levels. Adjusting for inflation, lumber prices are fairly normal presently.

So why are mills struggling right now?

The low profitability of the wood products vertical in recent years has come from a mismatch of supply and demand. Supply had ramped up to meet the demand spike of 2021- 2022.

Building of single family homes was the largest driver as these are primarily wooden structures, but there was also outsized building of apartments and all kinds of CRE. Thus, the image below of the decline in housing starts only captures a portion of the demand drop off.

FRED

As of 1Q26, housing starts are low by historical standards, but not that low. Perhaps somewhere around the 40th percentile. The bigger damage, in my opinion, is in other CRE.

Office construction is nearly zero. Most large offices are big boxes of metal and glass so they are not often considered drivers of lumber, but the interiors use a variety of wood products.

Apartment construction dropped off substantially since 2024. Apartments use more wood than office, but less than single family homes.

Repair and remodel demand for wood products is stimulated by housing turnover. Owners will fix up their homes before selling in an attempt to get a better price. Sales of existing homes have been sluggish since 2023.

tradingeconomics

So while lumber pricing is decent, sales volume is weakened by low CRE construction, low existing home sales and the somewhat low homebuilding activity.

This shows up in the receipts.

FRED

Adjusted for inflation, net sales receipts of wood products are dismal.

In addition to weak quantity demanded, the supply situation has not been helpful. Production capacity ramped up to try to meet the demand of 2021-2022 and it has taken a while to come back down.

Equilibrium restoring mechanisms.

Milling capacity operates with a lag. It takes as much as a few years to open new mills or shut down existing mills. Note how capacity continued to climb in 2023 and 2024.

University of Georgia

This is clearly lagged capacity intending to capitalize on the extreme demand of 2022. The demand did not last as long as industry participants expected, so this extra capacity came online at a time when profitability was already low and supply was already too high.

There are essentially 2 levers through which overall capacity changes:

Utilization of existing mills Construction and curtailment of mills Marginal cost curves suggest there is a sweet spot for utilization. If utilization goes too high, marginal cost of production rises because crews have to work overnight shifts or overtime pay. At too low utilization, marginal cost per unit is high because the overhead of the capital expense of the mill is divided over too few units.

It was worth it for mills to pay overtime in 2022 because lumber prices were so high. Thus a certain portion of the extra supply was related to high mill utilization. Since then, mill utilization has dropped.

According to a University of Georgia field report,

“U.S. softwood lumber mill utilization rates declined from 81% in Q2 2021 to 78% in Q2 2025”

I was unable to locate utilization data for 2026, but all indications are that it has continued to drop. Utilization has dropped to a point where it becomes very inefficient to lower it further. Marginal costs have already increased due to low utilization and it gets worse if they produce less.

Utilization declines have moved to or near their limit. It was not enough, so lower profitability mills have been forced to close.

In a 2025 Weyerhaeuser article we compiled a list of mill closures/curtailments

2MC

More closures have followed. Forisk tabulates the 2026 closures below.

Forisk

Notably, many of these are in Canada. Canada’s lumber production is far too large for domestic use with these producers largely relying on exports, especially to the U.S.

Thus, the combination of duties and tariffs is materially hurting profit margins of Canadian mills resulting in substantial curtailments.

With less lumber imported into the U.S., our sawmills get to service a higher portion of demand. However, that is a longer term tailwind while low demand in the immediate term has forced many lower margin mills to shut down or reduce production.

As more and more mills close, supply and demand equilibrium will be restored. Closure will continue until such a point that sawmills can generate a normal economic profit. Therefore, one of the following must happen:

Demand will pick back up Mills will continue to close That is just how economic equilibrium works and with the substantial curtailments already in place, I believe we are in the 8th inning of equilibrium restoration.

In the bouncing around of supply and demand 3 significant changes have occurred:

Consolidation within the vertical Market share is shifting to larger producers Market share is shifting to lower cost producers To see the consolidation, one can simply look at the public markets. Today’s Rayonier (RYN) is a consolidation of 4 public companies:

Potlatch Deltic Catchmark Rayonier (the persisting name and ticker) Weyerhaeuser previously bought Plum Creek.

What were 6 good-sized companies have become 2 enormous companies.

Attrition of the weak

2023 through 2026 has been an extended period of minimal and sometimes negative margins for wood products companies. The weak have died off while the strong captured market share.

Weyerhaeuser, in my opinion, is the biggest beneficiary. WY has the highest operating margin in the space.

WY

For reference the companies they are comparing themselves to are Canfor, Interfor, Louisiana Pacific, Boise Cascade and West Fraser.

The higher margins come from a few sources:

Vertical integration with their timberlands feeding their sawmills A continuous focus on operating efficiency Scale Market access – WY is a major supplier of logs to Japan from their Pacific northwest timberland and mills, and one of few to ship out of the Gulf due to proximity to key ports. As equilibrium returns WY will have a healthy profit margin on a substantially higher market share.

Timing of full equilibrium restoration

If demand picks back up in some combination of housing starts, repair and remodel, and CRE construction, higher margins could happen very quickly.

If the restoration is more through supply curtailments it will take a bit longer. Either way, the forward trajectory is positive. While waiting for the industry headwinds to cycle into tailwinds, WY is not sitting idly. At REITweek, WY announced a plan to increase annual EBITDA by $1B even at flat lumber and wood products pricing.

1B incremental EBITDA plan

The slide below breaks down the intended components of EBITDA growth.

WY

To put this into perspective, $1B is $1.38 per share which is quite a bit of growth for a stock trading at $24.79.

Lets examine some of these buckets to get a sense for how likely this growth is to manifest.

Strategic land solutions Owning millions of acres of land comes with benefits in that certain subsets of that land become valuable, often in unanticipated ways. I am not referring to the regular HBU land sales that have been a part of the timber REIT business for decades. Rather there are some bulkier opportunities.

WY is actively exploring sale of land to data centers, or power companies that would use the land to build power infrastructure for data centers. Such sales would be at lucrative premiums to the value of the land as timberland.

Additionally, WY’s 100 million dollar CCS contract with Occidental is getting closer to completion.

I think it is likely we will see growth in this bucket by 2030, but the magnitude will vary.

Timberland and wood products One of the struggles of timberland lately has been that the demand for pulp seems to be permanently impaired due to digital replacing a large portion of paper use. Indeed the demand for pulp has declined markedly in recent years.

University of Georgia

A potential substitute demand for pulp is biocarbon. Traditional wood pellets have been around for a while but their limitation is that they primarily work in facilities designed to buy biocarbon. WY is working with Aymium on a denser wood pellet that can substitute for metallurgical coal. This would expand the use to coal plants and manufacturing facilities.

My hunch is that coal is cheaper than this proprietary wood product where coal is legal, but in areas such as Europe where carbon is heavily taxed/regulated the carbon neutral wood pellet could serve as a great replacement to keep the factories running where they would otherwise have to close. At REITweek WY’s CEO, Devin Stockfish guided to 7 million tons:

“It's part of our 2030 growth program to build out up to 7 million tons of production or 7 million tons of fiber usage, which would convert into 1.5 million tons of biocarbon to sell to steel, silicon manufacturers. There's a lot going on globally, particularly in Europe and Japan, where they're putting new taxes on carbon-intensive industries.”

Such alternative uses are great strategically as pulp would otherwise be very low value due to dwindling pulp prices down almost 50% from 10 years ago.

TimberMart-South

Arguably the largest single source of incremental EBITDA will be TimberStrand which is a high quality wood product made from lower quality sawlogs. The economics on it look strong with an anticipated 20% EBITDA yield.

Devin Stockfish discussed the TimberStrand manufacturing facility economics at REITweek:

“It's a $500 million investment. When that mill comes online, we expect that to generate over $100 million annually of EBITDA.”

Overall, I think the $1B EBITDA growth plan is ambitious, but possible. Some of the buckets are more certain than others. I think $500 million is easily achievable with the rest requiring certain things to play out the right way.

The Value Proposition

I think WY is demonstrably undervalued from both an earnings perspective and an asset value perspective.

WY has averaged $2.15B annual EBITDA over the past 7 years. It was lumpy due to the cyclicality described earlier.

S&P Global Market Intelligence

With an Enterprise value of $23B, WY is trading at about 10.69X cycle adjusted EBITDA.

That is a cheap multiple.

I think the market is not using a cycle adjusted multiple and instead assuming the challenging timber/lumber macro environment is a permanent condition. Thus, the market might be looking at 2026 EBITDA estimates of $1.14B. That would mean they are trading at 20X EBITDA.

If WY can achieve its $1B incremental EBITDA growth that brings the base EBITDA north of $2B, even if the difficult environment remains. $2B base EBITDA with upside from either lumber price increase or volume increase would make WY far too cheap at $23B enterprise value.

A 10X-12 EBITDA multiple might be normal for some business categories, but it is wildly cheap for an asset class like timberland where a substantial portion of return comes from land value appreciation.

As land appreciates, that gain does not show up in the earnings or EBITDA. It is a real gain of value, but often remains unrealized. As a result, appreciation based asset classes usually trade at far higher EBITDA multiples.

The anomaly at the moment is that timberland currently trades at far higher multiples. Private timberland values have been rising steadily with average value per acre up to $2,300 at the end of 2025.

Forisk

These are actual transactions.

You can even observe it in WY’s asset sales.

S&P Global Market Intelligence

3 dispositions total $598 million for 222,000 acres. That equates to $2,693 per acre.

This was not HBU or some special event. These were sold to private timberland investors. Further, this was among WY’s lower quality land.

Devin Stockfish at REITweek:

“It's not just about the number of acres, it's about the quality of those acres, and we've really been focused over the last several years on selling off the lower-performing assets and redeploying that capital into higher-performing assets.”

His comments check out in the numbers. These acres were lower productivity and margin.

WY has 9.740 million owned acres in the U.S.

If we multiply that by the sale price per acre of their non-core land that would be timberland value of $26.229 billion.

That already is more than WY’s EV of $23.129B.

The land alone justifies the entirety of WY’s EV, but they also have billions of dollars of other assets:

Sawmills 0.649 million controlled acres (not included in owned acres) EWP, OSB, TimberStrand, and other manufacturing facilities These things are hard to value, but the cost basis is enormous. The single TimberStrand facility cost $500 million. Sawmills can be around that range too.

Adding up all the assets, net asset value is clearly much higher than EV.

The current Wall Street consensus estimate for NAV is$37.22 implying that WY trades at 66% of NAV.

S&P Global Market Intelligence

Either the private equity buying timberland is consistently wrong to be buying it well north of $2k per acre or WY is deeply undervalued.

The valuation dislocation will eventually close. It is just a matter of direction. The private timberland investors might suffer if the doomsayers are right that the lumber industry is permanently impaired. However, if you are like me and believe that free market economics has a tendency to return to equilibrium, then WY is deeply undervalued.

It is not often that a long tenured, well managed, investment grade, large cap company trades at 66% of asset value. The market is extrapolating the downside of a cyclical business while I think a business that has always been cyclical will continue to be cyclical.

We are long WY and buying more while it trades at such an extreme discount.

IRVING, Texas--(BUSINESS WIRE)-- #FluorBuildsABetterWorld--Fluor Joint Venture Reaches Substantial Completion on Chicago Transit Authority's Red and Purple Line Project.

Emcor Group (EME - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

Therefore, the Zacks rating upgrade for Emcor Group basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Emcor Group imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for Emcor GroupFor the fiscal year ending December 2026, this construction and maintenance company is expected to earn $29.37 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Emcor Group. Over the past three months, the Zacks Consensus Estimate for the company has increased 4%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Emcor Group to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

New York, New York--(Newsfile Corp. - July 1, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Hub Group, Inc. (NASDAQ: HUBG) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Hub Group securities between April 28, 2023 and May 11, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/HUBG.

Hub Group Case Details

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:

Hub Group's financial statements prepared for the periods from Q1 2023 to Q4 2024, including its annual reports for 2023 and 2024, contained material misstatements caused by the premature and incorrect recognition of certain transactions concerning, among other things, the Company's operating revenue, operating income, revenue recognition, effectiveness of internal controls and procedures, and drivers of financial results and growth; Hub Group's financial statements prepared for the periods from Q1 2025 to Q3 2025 contained material misstatements caused by the understatement of purchased transportation costs and accounts payable concerning, among other things, the Company's operating expenses, purchased transportation and warehousing expenses, operating income, effectiveness of internal disclosure controls and procedures, and drivers of financial results and growth; and as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects lacked a reasonable basis and were materially false and misleading at all relevant times.What's Next for Hub Group Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/HUBG, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Hub Group you have until August 28, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Hub Group Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Hub Group Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

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Prior results do not guarantee similar outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303509

Source: Bronstein, Gewirtz & Grossman, LLC

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LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hub Group, Inc. (“Hub” or “the Company”) (NASDAQ: HUBG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between April 28, 2023 and May 11, 2026, inclusive (the “Class Period”), are encouraged to contact the firm before August 28, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Hub suffered from material misstatements in its financial statements from Q1 2023 to Q4 2024 including its annual reports for 2023 and 2024. The Company’s misstatements included operating revenue, operating income, and revenue recognition. The Company’s financial statements from Q1 2025 to Q3 2025 contained misstatements related to the understatement of purchased transportation costs amongst other errors. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Hub, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

SAN FRANCISCO, July 1, 2026 /PRNewswire/ -- Hub Group, Inc. (NASDAQ: HUBG) and certain of its current and former executives (together, "co-defendants") face a securities class action lawsuit, which seeks to represent investors who purchased or acquired Hub Group securities between April 28, 2023 and May 11, 2026. The development follows the company's surprise revelations that its financial reports going back to 2023 were "materially misstated and should no longer be relied upon" and corrective actions taken against two senior executives.

Investors in Fidelity National Financial, Inc. (FNF - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the July 17, 2026 $30.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Fidelity National Financial share, but what is the fundamental picture for the company? Currently, Fidelity National Financial is a Zacks Rank #5 (Strong Sell) in the Insurance - Multi line Industry that ranks in the Top 43% of our Zacks Industry Rank. Over the last 60 days, no analyst has increased his estimate for the current quarter, while one has revised his estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter to move from $1.47 per share to $1.40 per share in the same time period.

Given the way analysts feel about Fidelity National Financial right now, this huge implied volatility could mean there’s a trade developing. Often times, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

This weekly update tracks some of the largest cryptocurrencies by market share: Bitcoin and Ether. While both are considered high-risk assets, they possess foundational differences that investors should understand. We have also included XRP, as it was one of the largest cryptocurrencies when this series began. By definition, a cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, control the creation of additional units, and verify the transfer of assets.

Key Takeaways Bitcoin dropped to its lowest level since September 2024 this week. Ether fell to its lowest level since April 2025 this week. Bitcoin is down approximately 33% year-to-date, while Ether has fallen roughly 47% year-to-date. Bitcoin Bitcoin was the world’s first decentralized digital currency. Since the first Bitcoin transaction occurred in early 2009, it has grown worldwide to a mainstream financial asset. While often volatile, as illustrated in the chart below, one can argue that the asset is highly resilient. Learn more about Bitcoin basics for new investors.

Bitcoin’s struggles continued this week as it reached its lowest level since September 2024. BTC is currently down approximately 33% midway through the year and sits about 53% below its October 2025 record high.

Ether Ether is the native cryptocurrency run on the Ethereum blockchain platform, which launched in July 2015. It has the second largest market share, despite being the newest of the three assets discussed in this article.

Mirroring Bitcoin’s movement, Ether’s closing price retreated again this week to its lowest level since April 2025. ETH is currently down approximately 47% halfway through the year and is now roughly 68% below its record close from August 2025.

XRP XRP, which is owned by Ripple, was launched in 2012 and was one of the larger cryptocurrencies for some time until newer tokens entered the market.

Bitcoin vs. Ether vs. XRP An index has been created in order to chart these three cryptocurrencies together, considering their significantly different pricing histories. A logarithmic scale is used on the y-axis of this chart to better illustrate relative percentage changes and long-term growth trends, as opposed to absolute price fluctuations. The chart demonstrates which cryptocurrency’s price has shifted the most since November 9, 2017. At various points in history, all three have held the top spot but Bitcoin is currently in the lead.

On January 10th, 2024, the SEC approved spot bitcoin ETFs from a range of issuers such as Grayscale Bitcoin Trust ETF (GBTC), iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), ARK 21Shares Bitcoin ETF (ARKB), Bitwise Bitcoin ETF (BITB), Coinshares Valkyrie Bitcoin Fund (BRRR). Review our spot Bitcoin ETF launch takeaways for a complete breakdown.

On July 23rd, 2024, a handful of spot ether ETFs launched from a range of issuers such as Grayscale Ethereum Trust (ETHE), Franklin Ethereum ETF (EZET), Bitwise Ethereum ETF (ETHW), iShares Ethereum Trust (ETHA), Fidelity Ethereum ETF (FETH). For a deep dive, see our spot Ether ETF guide.

Originally published on Advisor Perspectives. 

For more news, information, and analysis, visit the Cryptocurrency Content Hub. 

Starting the second half of 2026 on a bearish note, shares of Constellation Energy (CEG 6.16%) are falling today. After learning of a firm's lowered expectations for Constellation stock, investors have found sufficient cause to press the sell button on the energy company's shares.

As of 1:32 p.m. ET, shares of Constellation are down 6.2%, paring back an earlier decline of 7.9%.

Image source: Getty Images.

There's less room for this nuclear stock to power higher Maintaining a neutral rating, Citigroup slashed its price target on Constellation stock to $297 from $348. According to Thefly.com, Citigroup revised its price target after updating its model for the company.

Today's Change

(

-6.16

%) $

-15.31

Current Price

$

233.06

Based on yesterday's closing price of $248.37, the new price target implies upside of 19.6%.

Citigroup's reduced price target is even more noteworthy, juxtaposed with the bullish outlook of other firms. Last week, for example, Morgan Stanley hiked its price target on Constellation stock to $364 from $359.

Today's drop provides a great buying opportunity Unsurprisingly, shares of Constellation are selling off today with Citigroup's lowered expectations. Savvy investors, however, recognize that times like these offer great buying opportunities. Nothing has fundamentally changed for Constellation, a nuclear energy producer that's helping power much-needed data centers.

For investors seeking nuclear energy exposure from an established company that's consistently profitable -- rather than next-generation nuclear reactor developers -- Constellation stock is a smart consideration.

Citigroup is an advertising partner of Motley Fool Money. Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Constellation Energy. The Motley Fool has a disclosure policy.

San Francisco, California--(Newsfile Corp. - July 1, 2026) - On January 27, 2026, investors in Commvault Systems, Inc. (NASDAQ: CVLT) suffered a devastating 31% stock price collapse after the company delivered disappointing quarterly results. Since this time, company executives have unloaded millions of dollars in personal stock holdings, as the company faces a federal securities class action alleging it misled investors about its growth prospects.

LOS ANGELES, July 01, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay Wolke & Rotter LLP reminds investors of the upcoming July 17, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Commvault Systems Inc. (“Commvault” or the “Company”) (NASDAQ: CVLT) securities between April 29, 2025 and January 26, 2026, inclusive (the “Class Period”).

IF YOU SUFFERED A LOSS ON YOUR COMMVAULT INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS.

What Happened?
On January 27, 2026, Commvault published third quarter 2026 fiscal results, including annualized recurring revenue (“ARR”) of 22% and a total net new ARR was $39 million, falling short of the prior quarter’s guidance for $45 million of net new ARR for the quarter. Management revealed in the accompanying earnings call that the variation was due to product mix, including increased SaaS deals in the quarter.

On this news, Commvault’s stock price fell $40.23, or 31.1%, to close at $89.13 per share on January 27, 2026, thereby injuring investors.

What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Commvault knew or recklessly disregarded the impact that different types of sales would have on its ARR growth; (2) the variation in net ARR growth is strongly based on the type of sale Commvault is making, thus, the Company’s projected net new ARR should not have been determined without properly factoring in sale type; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Commvault securities during the Class Period, you may move the Court no later than July 17, 2026 to request appointment as lead plaintiff in this putative class action lawsuit.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email:  [email protected]
Telephone: 310-201-9150,
Toll-Free: 888-773-9224
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Charles Linehan
Email:  [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
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Key Takeaways Constellation Brands beat Q1 earnings and sales estimates despite a 3% decline in net sales.Beer sales rose nearly 2% on shipment growth and pricing, with Pacifico and Victoria depletions up.STZ raised its FY27 reported EPS outlook and still expects $2.4B-$2.5B in operating cash flow. Constellation Brands, Inc. (STZ - Free Report) reported first-quarter fiscal 2027 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. The company’s sales declined year over year, but earnings improved from the year-ago period.

The fiscal first quarter reflected steady execution across Constellation Brands’ core businesses, with earnings benefiting from improved profitability, disciplined cost management and continued strength in the beer portfolio. The Beer business remained a key driver, supported by shipment growth, favorable pricing and strong share gains across tracked U.S. channels, even as some flagship brands faced softer depletion trends. The Wine and Spirits business continued to reflect the impact of portfolio divestitures, but its remaining brands delivered organic growth and outperformed the broader category.

Comparable earnings per share (EPS) of $3.43 rose 7% year over year in the fiscal first quarter and surpassed the Zacks Consensus Estimate of $3.22. On a reported basis, the company’s EPS was $3.79 compared with $3.43 reported in the year-earlier quarter.

Net sales declined 3% year over year to $2.433 billion but surpassed the Zacks Consensus Estimate of $2.404 billion. Organic net sales increased 3% year over year.

STZ’s Q1 Performance DetailsConstellation Brands' sales for the beer business jumped nearly 2% year over year to $2.28 billion, backed by a rise of 1.8% in shipment volumes and favorable pricing. Depletions fell 0.3% as declines for Modelo Especial of just 2% and Corona Extra of about 5% were more than offset by increases from Pacifico, Victoria and the Modelo Chelada brands of nearly 21%, 14% and 6%, respectively.

Sales in the wine and spirits segment plunged 47% year over year to $149.2 million in the fiscal first quarter. The decline mainly reflected a 64.1% drop in shipment volumes tied to the 2025 Wine Divestitures.

On an organic basis, wine and spirits net sales rose 8%. Organic shipments increased 7.7%, while depletions grew 6.6%, led by gains of approximately 4% for Kim Crawford and 62% for Mi CAMPO Tequila. The wine and spirits portfolio outpaced the total wine and spirits category in both dollar and volume sales across Circana U.S. tracked channels.

The Zacks Consensus Estimate for the company's beer, and wine and spirits segments is currently pegged at $2.27 billion and $149 million, respectively.

Peeking Into Constellation Brands’ MarginsSTZ's comparable operating income came in at $834.2 million, up 6% year over year. Reported operating income rose 18% to $845.3 million, while reported operating margin expanded 630 basis points (bps).

Operating income for the beer segment rose 2% year over year to $891.4 million. The segment operating margin was 39%, nearly flat year over year, as shipment volume growth and favorable pricing were offset by unfavorable mix and higher marketing and other SG&A spending.

The wine and spirits segment reported an operating loss of $1.1 million, as compared to the loss of $6 million in the year-ago quarter.

STZ’s Financial Position Seems StrongAs of March 31, 2026, Constellation Brands’ cash and cash equivalents were $96.6 million, long-term debt (excluding current maturities) was $9 billion and total shareholders’ equity (excluding non-controlling interest) was $8.5 billion. The company generated an operating cash flow of $662 million and an adjusted free cash flow of $485 million in fiscal 2026.

STZ’s board announced a quarterly dividend of $1.03 per share for Class A shares on June 30, 2026. The dividend is payable on Aug. 13 to its shareholders of record as of July 30, 2026.

The company returned more than $400 million to its shareholders through share repurchases and dividends. It repurchased $324 million of shares year to date through June 2026.

Constellation Brands still forecasts an operating cash flow of $2.4-$2.5 billion for fiscal 2027. It expects free cash flow of $1.6-$1.7 billion. STZ plans to incur capital expenditures of $800 million in fiscal 2027.

Constellation Brands’ FY27 ExpectationsLooking forward, Constellation Brands updated its fiscal 2027 reported EPS outlook to $11.50-$12.20, up from the previous estimate of $11.10-$11.80. The company expects comparable EPS of $11.20-$11.90 for fiscal 2027 compared with $11.82 earned in fiscal 2026.

Enterprise and wine & spirits growth (decline) net sales assumptions for fiscal 2027 exclude $142 million for the March 1, 2025, to June 1, 2025, period. These are no longer part of the year-over-year results following the 2025 Wine Divestitures.

STZ projects enterprise organic net sales growth (decline) of (1)%-1%, beer net sales growth (decline) of (1)%-1%, and wine & spirits business organic net sales growth (decline) of (1)%-1%. Enterprise operating margin on a reported and comparable basis is projected to be 32-33%, with beer operating margin of 37-38% and wine & spirits operating margin of 5-6%.

Shares of this Zacks Rank #3 (Hold) company have lost 1.5% in the past six months against the industry’s growth of 17.1%.

STZ's Stock's Price Performance
Image Source: Zacks Investment Research

Stocks to ConsiderARKO Corp. (ARKO - Free Report) operates a chain of convenience stores in the United States. ARKO currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for ARKO's current fiscal-year sales implies a decline of 2.8%, while the same for current fiscal-year earnings implies growth of 93.3% from the year-ago reported figures. ARKO delivered a trailing four-quarter earnings surprise of 43.2%, on average.

Fomento Economico Mexicano (FMX - Free Report) is a leading multinational consumer company with operations spanning proximity retail, fuel, health, digital financial services, logistics and distribution, while also holding a controlling stake in Coca-Cola FEMSA, the world's largest Coca-Cola franchise bottler. The company presently flaunts a Zacks Rank #1.

FMX delivered a trailing four-quarter negative earnings surprise of 17%, on average. The Zacks Consensus Estimate for FMX’s current financial-year sales and EPS indicates growth of 17.3% and 115.4%, respectively, from the year-ago reported numbers.

The Coca-Cola Company (KO - Free Report) is a global beverage giant with a portfolio of more than 4,700 beverage products (and more than 500 brands), ranging from sodas (or sparkling beverages) to energy drinks. KO currently carries a Zacks Rank #2 (Buy).

 The Zacks Consensus Estimate for Coca-Cola’s 2026 sales and earnings indicates growth of 3% and 8.7%, respectively, from the year-ago reported numbers. KO delivered a trailing four-quarter earnings surprise of 4.5%, on average.

, /PRNewswire/ -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Patrick Industries, Inc. (NASDAQ: PATK) related to its merger with LCI Industries. Upon completion of the proposed transaction, Patrick shareholders will own approximately 52% of the combined company. Is it a fair deal?

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Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) is back in every AI headline this week after rocketing 14.94% in five sessions and 15.66% in a single day, dragging momentum traders back into the thinnest-margin trade in the AI complex.

But here is what you should actually be watching.

The SMCI Setup Is Breaking Strip away the bounce and the picture is grim. SMCI missed Q3 FY2026 revenue consensus by 17.75%, posting $10.24 billion against a $12.30 billion guide, with preliminary, unaudited numbers tied to an ongoing board independent review of export-control matters. Cash burn hit $6.6 billion in operations during Q3. Total bank debt and convertible notes ballooned to $8.8 billion, up from $4.9 billion a quarter earlier, while total liabilities surged 264.22% year over year.

This is the worst possible balance sheet for a higher-for-longer rate regime. SMCI is a 9.9% gross margin hardware assembler funding a Blackwell ramp on credit. CEO Charles Liang and a 10% shareholder each disposed of 340,000 shares on May 26, 2026. Wall Street is unimpressed: the consensus rating skews to 10 holds against 5 buys, with an average target of $37.25. Shares are down 21.76% over the past year. The pop is a trade. The trend is a warning.

Why Meta Looks Like the Stronger AI Expression The smarter expression of the same AI thesis sits inside Meta Platforms (NASDAQ:META), trading at $563.85 after a 14.43% year-to-date pullback. Three reasons the setup looks asymmetric for long-term investors to research.

1. You are paying less for a vastly better business. SMCI trades at 22 times trailing earnings on an 11.06% gross margin. Meta trades at 20 times earnings on an 81.99% gross margin and a 41% operating margin. Custom data flags Meta as a digital monopoly trading at just 19 times forward earnings. Investors are literally paying more for the reseller than the platform.

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.

2. Capital costs hurt SMCI and fund Meta. Meta’s debt/equity ratio of 0.39 and 71.5x interest coverage make rates irrelevant. The company generated $115.8 billion in operating cash flow in FY2025 and raised its FY2026 capex guide to $125 billion to $145 billion, paid entirely from internal cash. Q1 FY2026 delivered EPS of $10.44 against a $6.66 estimate, a 56.79% beat and the fifth consecutive EPS beat.

3. Pricing power is real and measurable. Last quarter Meta posted ad impressions up 19% year over year alongside price per ad up 12%, with the family of apps reaching 3.56 billion daily active people. That is volume and price expanding together. Prediction markets agree: Polymarket assigns 89.6% probability Meta closes above $520 by the end of June and 64.5% probability Meta out-values OpenAI by year-end 2026.

What To Watch SMCI’s balance sheet stress and insider selling stand in sharp contrast to Meta’s cash-funded capex and widening pricing power. Investors weighing AI exposure have data on both sides of the trade.

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.

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I’m taking a cautious stance on Bloom Energy (NYSE:BE) after one of the most extraordinary 12-month runs in the entire industrials sector. The fuel cell maker has become the purest public-market proxy for the “bring-your-own-power” trade tied to AI data center buildouts, and the stock has responded accordingly. My job here is to separate the durable business from the momentum.

Based on our proprietary model, the 24/7 Wall St. price target for Bloom Energy is $216.91, implying roughly 21.13% downside from the current quote of $275.01. Our recommendation is sell with a confidence level of 90%.

24/7 Wall St. Price Target Summary Metric Value Current Price $275.01 24/7 Wall St. Price Target $216.91 Upside/Downside -21.13% Recommendation SELL Confidence Level 90% Why We Could Be Wrong Bloom is one of the most divisive names in the market, and real upside could come from a faster ramp of the $5 billion Brookfield AI infrastructure partnership or another hyperscaler win on the scale of Oracle. Our 24/7 Wall St. price target is one datapoint among many. A detailed bull case appears below.

From $22 to $275 in 12 Months BE has returned 1,139.9% over the past year and 216.5% year to date, but the past week told a different story with a 20.48% drawdown off a 52-week high of $351.28.

Fundamentals remain strong: Q1 2026 revenue hit $751.054 million, up 130.37% year over year, with non-GAAP EPS of $0.44 versus the $0.1285 consensus. Management raised FY2026 revenue guidance to $3.40B to $3.80B. A June 19 tariff-reset framework also lifted shares, and BE was flagged as a somewhat-bullish mover by recent news coverage.

The Case for $300+ Bulls have plenty to work with. The product backlog stands at $6 billion with total backlog at $20 billion. CEO KR Sridhar said “Bring-your-own-power has shifted from a slogan to a business necessity for AI hyperscalers”.

PineBridge sees datacenter equipment growth “essentially locked in for the next four to five years” at roughly 25% annually. Our bull scenario points to a peak of $318.87 by May 2027.

The Risks Worth Watching The bear case is anchored in valuation. BE trades at a Price/Sales ratio of 29x and an EV/EBITDA of 640x. Insider selling has been heavy, with Director John Chambers selling 55,000 shares at $297.69 on May 28.

To be fair, CEO Sridhar acquired 80,000 shares via RSU conversion, and customer concentration with Brookfield partly reflects the scale of active deployments. Reddit sentiment also flipped from bullish (78) to bearish (28) in 48 hours. Our bear case lands at $157.65.

What Would Change Our View The setup turns more attractive near $200 if Q2 2026 confirms gross margins approaching 34% and a new hyperscaler contract lands. The risk/reward looks unfavorable while the stock trades above $260 at a forward multiple north of 100x. The 24/7 Wall St. price target of $216.91 with 90% confidence reflects a stock that has front-loaded years of growth.

Year 24/7 Wall St. Price Target 2026 $216.91 2027 $209.84 2028 $195.00 2029 $171.57 2030 $187.00 These projections assume Bloom continues converting backlog into shipments at current margins. Significant upside could come from new hyperscaler wins, while a slowdown in AI capex or tax credit changes would push results toward our bear path of $129.49 by 2031.

Contact [email protected] for any questions or corrections.

Phillips Edison & Company, Inc. (PECO - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

As such, the Zacks rating upgrade for Phillips Edison & Company is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

For Phillips Edison & Company, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for Phillips Edison & CompanyFor the fiscal year ending December 2026, this company is expected to earn $2.76 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Phillips Edison & Company. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.9%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Phillips Edison & Company to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Key Takeaways RDN's Mortgage segment drives revenues by giving private mortgage insurance on residential first-lien loans. Growth in insurance-in-force, purchase originations and disciplined underwriting supports profitability. Mortgage insurance remains the foundation of Radian's long-term earnings and shareholder value creation. Radian Group Inc. (RDN - Free Report) , a global multi-line specialty insurer, is one of the largest private mortgage insurance providers in the United States. Private mortgage insurance plays an important role in the U.S. housing finance system because it promotes affordable homeownership while helping protect mortgage lenders, mortgage investors and other beneficiaries by mitigating default-related losses on residential mortgage loans.

RDN operates the Mortgage segment primarily through a leading U.S. private mortgage insurer, Radian Guaranty, that provides solutions to expand access to affordable, responsible and sustainable homeownership.

The Mortgage segment primarily derives its revenues from providing private mortgage insurance on residential first-lien mortgage loans to mortgage lending institutions and mortgage credit investors. In recent years, the mortgage insurance business has generated positive results, including strong earnings and cash flow.

Radian's mortgage insurance business benefits from growth in purchase mortgage originations, increasing insurance-in-force and continued demand for private mortgage insurance as an alternative to government-backed mortgage programs. A healthy U.S. housing market, strong employment conditions, home price appreciation and disciplined underwriting generally support lower claim frequencies and favorable profitability.

Mortgage insurance provides Radian Group with a scalable, capital-efficient business model that generates stable recurring premium revenues, strong cash flow and attractive returns over the housing cycle. Combined with disciplined risk management and a high-quality insured portfolio, the mortgage insurance segment remains the foundation of Radian's long-term earnings and shareholder value creation. As long as credit quality remains sound and the U.S. housing market stays healthy, the business can deliver stable profitability and support long-term shareholder returns.

What About Its Peers?MGIC Investment Corporation (MTG - Free Report) is one of the largest private mortgage insurers in the United States. Through its principal subsidiary, Mortgage Guaranty Insurance Corporation, it provides private mortgage insurance on residential loans with down payments of less than 20%, protecting lenders against borrower default while enabling homebuyers to purchase homes with smaller down payments. The business generates recurring premium income and is supported by disciplined underwriting, risk-based pricing and comprehensive reinsurance programs.

NMI Holdings, Inc. (NMIH - Free Report) is a pure-play private mortgage insurer whose core business is providing mortgage insurance on residential loans with high loan-to-value (LTV) ratios. The company generates recurring premium income by protecting lenders against losses resulting from borrowers' default, creating a stable and predictable revenue stream over the life of the insured mortgages. NMI's mortgage insurance business benefits from growth in purchase mortgage originations, expanding insurance-in-force, disciplined underwriting and strong credit performance, enabling the company to produce consistent underwriting profits and generate solid cash flow.

RDN’s Price PerformanceShares of RDN have gained 3.7% over the past year, outperforming the industry.

Image Source: Zacks Investment Research

RDN’s UndervaluationThe stock is undervalued compared with its industry. Its forward price-to-book value of 1.06X is lower than the industry average of 2.83X. It carries a Value Score of A.

Image Source: Zacks Investment Research

Estimate Movement for RDNThe Zacks Consensus Estimate for RDN’s second-quarter and third-quarter 2026 EPS has moved up 4.5% and 4.7%, respectively, over the past 30 days. The same for the full-year 2026 and 2027 EPS has moved up 1.9% and 0.9%, respectively, in the past 30 days.

Image Source: Zacks Investment Research

JOHNS CREEK, Ga., July 01, 2026 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ: SAIA) is proud to serve as the primary sponsor of Christopher Bell and the No. 20 Joe Gibbs Racing (JGR) Toyota Camry XSE during NASCAR’s return to Chicagoland Speedway over the Fourth of July weekend.

Featuring a patriotic paint scheme inspired by the holiday, the No. 20 Toyota will take to the track on July 5 as NASCAR fans gather to celebrate America’s independence and one of the sport’s most anticipated summer race weekends.

For Saia, the event represents more than a race sponsorship. The holiday provides an opportunity to recognize the men and women who serve their communities every day, from military members and veterans to the professional drivers who help keep America’s supply chain moving.

"Fourth of July weekend is a time to celebrate the values that bring people together, hard work, dedication and service," said Saia Executive Vice President and Chief Customer Officer at Saia Ray Ramu. "Those values are reflected both in the NASCAR community and throughout Saia's network. We're excited to partner with Christopher Bell and JGR at Chicagoland Speedway while also recognizing the organizations and individuals who make a difference in communities across the country."

Saia has a long-standing commitment to supporting veterans, both through hiring military veterans and by investing in organizations that honor their service. Among these efforts is the company's ongoing partnership with Wreaths Across America, through which Saia employees help transport and deliver wreaths to veterans' cemeteries across the country.

The Chicagoland Speedway event marks Saia's lone primary sponsorship race with Bell during the 2026 NASCAR Cup Series season as part of the company's partnership with JGR, which includes seven races with Ty Gibbs and the No. 54 team, reflecting the company's commitment to performance, reliability and continuous improvement, values that drive both organizations on and off the track.

For more information about Saia and its freight and logistics capabilities, visit saia.com.

About Saia Inc.

Saia, Inc. (NASDAQ: SAIA) is a full-service freight and logistics provider with a national footprint built to deliver reliable, flexible shipping solutions. With industry-leading operations and a strong emphasis on the customer experience, the company helps keep freight - and businesses - moving. Saia offers customers a wide range of less-than-truckload, brokered truckload, expedited transportation, and other logistics services. Headquartered in Johns Creek, Georgia, the company operates 218 terminals providing national service. Saia has repeatedly been recognized for its people-centric, safety-driven, and sustainability-minded focus. For more information on Saia, Inc., visit Saia.com.

For more information, contact:
Jeannie S. Jump
Saia Senior Marketing and Corporate Affairs Specialist
Phone: 770-232-4069 · E-mail: [email protected]

Bank of America Securities (BofA) analyst Andrew G. Didora has adopted a more positive outlook on U.S. airlines ahead of second-quarter earnings, citing strong demand, stable fares, and lower fuel prices as key sector supports.

BofA noted that spring fare increases have mostly persisted, and stable summer capacity is expected to support unit revenue through the third quarter.

The firm raised estimates and price forecasts across its airline coverage, but warned that faster fourth-quarter capacity growth could moderate unit revenue gains later in 2026.

Buy-Rated Network Carriers: Delta, United, AlaskaDelta: Pricing Power Supports Buy Rating

BofA stated that Delta should benefit from premium and corporate exposure, strong margins, and solid free cash flow. Third-quarter unit revenue is expected to accelerate as bookings reflect higher fares.

United’s Margin Expansion Path Stands Out

BofA noted that United benefits from a strong industry position, healthy margins, and opportunities for further margin expansion. Third-quarter unit revenue and costs are expected to rise due to strong demand and fare increases.

Alaska: Valuation Offsets Hawaii Pressure

Despite near-term fuel pressure, BofA raised its 2026 EPS forecast to $1.04, citing Alaska’s premium exposure, international growth, and valuation as support for the Buy rating.

Neutral Ratings: American, AllegiantAmerican: Leverage Keeps Rating Neutral

BofA noted that American faces higher earnings volatility due to leverage. While improving demand and pricing are positive, lower margins, higher leverage, and weaker free cash flow keep it behind other network airlines.

Allegiant: Demand Strength Meets Deal Risk

BofA stated that stronger demand and lower fuel costs support Allegiant’s outlook, but the risk associated with Sun Country integration limits potential upside.

Underperform Ratings: Southwest, JetBlue, FrontierSouthwest: Execution Risk Weighs

BofA noted that Southwest should benefit from healthy demand and firm pricing, but its business transformation introduces execution risk as initiatives reach their third-quarter run rate.

JetBlue: Leverage Keeps BofA Cautious

BofA stated that JetBlue should benefit from Spirit’s exit and healthy demand, but rising second-half capacity, weak earnings, and high leverage keep the firm cautious.

Frontier: Margin Profile Limits Upside

BofA noted that lower fuel costs and utilization-driven capacity growth should benefit Frontier, but its weaker margin profile keeps the firm cautious.

Price Action: At the time of publication Wednesday, DAL shares were trading higher by 0.41% at $94.04, UAL by 0.22% at $136.01, AAL by 1.36% at $18.32, ALGT by 3.29% at $121.47, JBLU by 1.40% at $5.81 and ULCC by 0.06% at $7.92, while ALK slipped 0.48% to $52.18 and LUV fell 1.22% to $50.79.

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Investors might want to bet on ResMed (RMD - Free Report) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for ResMed basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for ResMed imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for ResMedFor the fiscal year ending June 2026, this maker of medical products for respiratory disorders is expected to earn $11.13 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for ResMed. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.3%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of ResMed to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

New technology investments will streamline planning, vendor selection, and move coordination while connecting consumers with trusted moving professionals

, /PRNewswire/ -- National Holding Company, one of the nation's most established moving and transportation enterprises, today announced the acquisition of Moving.com, one of the most recognized online moving marketplaces in the United States, and MoveAI, an AI-powered moving concierge technology designed to simplify the relocation process for consumers.

Together, the acquisitions create a unique platform to connect consumers, technology, and professional moving services at every stage of the moving journey, from initial planning and vendor research to booking and move day execution.

For nearly a century, National Holding Company has helped consumers and businesses navigate relocation with ease and confidence. The addition of Moving.com and MoveAI represents a significant investment in the future of the moving industry and reflects the company's commitment to enhancing the customer experience through innovation and technology.

"Moving is hard. You're leaving your church, your neighborhood friends, your kids' school, and countless parts of your daily life behind — on top of juggling a hundred details, including finding and hiring the right mover," said Tim Helenthal, Chairman & CEO of National Holding Company. "It's stressful, and it's a lot of work. After decades in this business, we know no one can make moving 'easy,' but we are confident that with these acquisitions and our experience we can make it far more convenient."

Moving.com is among the most visited consumer websites in the moving industry. The site is a resource for connecting individuals and families with professional movers across the country. MoveAI leverages artificial intelligence to streamline the vendor search by allowing users to share move details and receive tailored recommendations and quotes.

These acquisitions firmly position National Holding Company at the leading edge of a rapidly evolving industry, where consumers increasingly depend on digital platforms and AI-powered tools to guide critical purchasing decisions. National Holding Company intends to make strategic investments in the Moving.com platform, underscoring a long-term commitment to enhancing the overall experience and delivering greater value for both consumers and moving partners.

"Our vision is to build the most trusted and effective consumer moving platform in the industry," said Helenthal. "By combining Moving.com's audience, MoveAI's technology, and our decades of operational expertise, we're creating a stronger experience for consumers while generating new opportunities for movers and industry partners."

Moving.com has been a trusted name in the online moving marketplace for over 25 years," said Tricia Smith, SVP of Sales & Operations at Move, Inc. "This transaction allows us to sharpen our focus on the growth priorities central to our long-term strategy, while positioning Moving.com for a strong next chapter. With deep category expertise and a clear vision for the business, National Holding Company is well positioned to build on what we've created, and we're confident Moving.com's users and partners will be well served."

Current Moving.com customer agreements, lead routing processes, and service relationships will remain unchanged.

The acquisitions complement National Holding Company's existing portfolio, which includes National Van Lines, National Van Lines International, National Forwarding Co., National Claims, and Mighty Moving.

About National Holding Company
National Holding Company is a diversified transportation and relocation enterprise with nearly 100 years of experience delivering moving and logistics solutions to consumers and businesses across the United States.

Employee-owned since 2011, the company operates under an ESOP structure that gives every employee a direct stake in its success. This ownership culture drives accountability, service excellence and a shared commitment to customer satisfaction.

As the parent company of National Van Lines Inc., National Van Lines International, National Forwarding Co., National Claims, and Mighty Moving Inc., National Holding Company operates a worldwide network of vetted, reputable movers that deliver residential, commercial, military, and international moving solutions. Headquartered in Broadview, IL, the company is led by Chairman and Chief Executive Officer Tim Helenthal.

About Move, Inc./Realtor.com®
Move, Inc., a subsidiary of News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV], operates a family of websites and mobile experiences for consumers and professionals, including Realtor.com ®. For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the #1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Move licenses the Realtor.com URL from the National Association of REALTORS®. Move also offers software products and services to help real estate professionals serve their clients and grow their businesses, including ListHub™, the nation's leading listings syndicator and centralized intelligence platform for the real estate industry.

SOURCE National Holding Company

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Progressive (PGR - Free Report) , which belongs to the Zacks Insurance - Property and Casualty industry, could be a great candidate to consider.

This insurer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 3.83%.

For the last reported quarter, Progressive came out with earnings of $4.96 per share versus the Zacks Consensus Estimate of $4.84 per share, representing a surprise of 2.48%. For the previous quarter, the company was expected to post earnings of $4.44 per share and it actually produced earnings of $4.67 per share, delivering a surprise of 5.18%.

Price and EPS Surprise

For Progressive, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Progressive has an Earnings ESP of +5.49% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

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Advanced Micro Devices (NASDAQ: AMD | AMD Price Prediction) and Marvell Technology (NASDAQ: MRVL) both just reported quarters that put AI infrastructure at the center of their stories.

AMD posted $10.25 billion in Q1 revenue powered by Instinct GPUs and EPYC servers. Marvell pulled $2.418 billion with custom AI silicon and high-speed optics. Same end market. Very different bets.

Instinct GPUs Carry AMD. Optics and Custom Silicon Carry Marvell. AMD’s Data Center segment hit $5.78 billion, up 57% YoY, and is now the dominant earnings engine. Lisa Su told investors “customer engagement around MI450 Series and Helios is strengthening, with leading customer forecasts exceeding our initial expectations.”

The Meta deal for up to 6 gigawatts of AMD Instinct GPUs gives that claim teeth. Client Ryzen revenue grew 26% YoY, while Gaming and Embedded stayed modest. The portfolio is broad, and it is finally working in sync.

Marvell came in narrower and faster. Data Center made up 76% of total revenue, growing 27% YoY. Matt Murphy said “we are seeing exceptional AI-related bookings” across 800G and 1.6T optics, 51.2T Ethernet switches, and custom XPU silicon. He raised both the fiscal 2027 and fiscal 2028 outlook. That is rare confidence.

Merchant GPU Heavyweight vs. Hyperscaler Co-Pilot AMD wants to be the alternative to NVIDIA in merchant AI accelerators. Marvell wants to be the silicon partner inside hyperscaler racks that build their own chips. Those are different theories of where AI margin pools settle.

Lens AMD Marvell Core Bet MI450 and Helios rack-scale AI Custom XPU plus optical interconnect Q2 Guide ~$11.2B, +46% YoY $2.7B, ~35% YoY Key Vulnerability China export controls on MI308 Hyperscaler vertical integration Forward P/E 74 66 Marvell also bought Celestial AI (photonic fabric, closed February 2, 2026) and XConn Technologies (chiplet connectivity) to deepen the interconnect moat.

AMD already operates at a different scale, with $2.57 billion in Q1 free cash flow, up 253% YoY. Marvell’s free cash flow of $483 million grew faster on a percentage basis but is roughly a fifth the size.

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

The Next Test Is MI450 Volume and Marvell’s Bookings Conversion I will be watching whether AMD’s MI450 customer forecasts translate into shipped revenue through the back half of 2026. Lisa Su’s $11.2 billion Q2 guide implies that ramp is already starting.

For Marvell, you should keep an eye on whether those exceptional bookings actually pull forward, and whether custom XPU programs hold as hyperscalers like Google and Amazon push deeper into their own designs.

AMD has rallied 51.86% since filing. Marvell is up 39.78% over a shorter window. Both have already priced in plenty.

Why I Lean AMD for Breadth and Marvell for Pure AI Beta For steadier compounding exposure, AMD offers more diversified growth handles. The combination of EPYC, Instinct, and Ryzen gives the business multiple growth handles, and the Meta and OpenAI partnerships look durable. The forward multiple at 74x is rich, but the cash generation is real.

If you want concentrated upside tied directly to AI infrastructure spending, Marvell fits better. The narrower model amplifies bookings momentum and Murphy’s accelerating-each-quarter language is uncommon.

I would stay cautious on the customer concentration risk and the steady insider selling, which suggests executives are happy to lock in gains. Both stocks look richly valued, and both can work if AI capex stays this aggressive into 2027.

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

Contact [email protected] for any questions or corrections.

Vertiv trades at a premium price/book, but AI-driven demand, acquisitions, and NVIDIA collaboration are fueling growth and supporting its outlook.

Bull Case Intact Despite Slowing Capital EfficiencyBitcoin's ($BTC) long-term bull thesis remains intact, according to Ki Young Ju, founder and CEO of on-chain analytics firm CryptoQuant, even as the market grapples with declining capital efficiency and sustained selling pressure from early holders.

Ki argues that the current distribution phase is not a sign of structural failure, but rather a broad transfer of supply from long-term Bitcoin holders and miners to US financial institutions and spot ETFs. Ki Young Ju has described Bitcoin's current distribution phase as a major transfer of supply from old market participants to US financial institutions, ETFs, and new long-term holders, arguing that selling by Bitcoin OGs and long-time miners is part of a broad change of hands rather than evidence that the asset has exhausted its cycle.

The scale of institutional absorption underpins his confidence. Since January 2023, Strategy has bought 711,206 BTC and sold only 32 BTC, while ETFs absorbed a further 509,102 BTC between March 2024 and mid-2025, bringing combined absorption to roughly 1,240,808 BTC, yet price returned to near the same level.

Institutional Depth, Not Retail Demand, Is the Key TriggerFor Ki, the next major rally will not be driven by the same retail-led ETF demand that characterized earlier phases of the current cycle. Instead, he argues that the composition of holders matters more than the raw volume of capital entering the market.

If the new owners are institutions capable of attracting larger pools of liquidity over time, he argues, the transition could ultimately support another upward cycle, noting that "for any asset, what ultimately matters is who holds it."

Ki estimates that Bitcoin could enter another parabolic phase if it absorbs more than $1 trillion in realized capital. That threshold has already been approached. Bitcoin's realized capitalization reached an all-time high of $1.125 trillion as of late 2025, a metric that values each bitcoin at the price it last moved, highlighting actual capital inflows rather than speculative price action.

Ki also pointed to gold's roughly $27 trillion market value as a long-run benchmark, suggesting significant room remains for Bitcoin to grow if institutional adoption deepens. As Bitcoin matures, its price behavior is diverging from previous cycles, with the asset reaching an all-time high market cap of approximately $2.5 trillion as of October 2025, making it significantly larger in scale and more liquid than before.

The picture is not without risk. CryptoQuant data shows overall Bitcoin demand, including speculative and spot demand, contracting at a monthly pace of roughly 232,000 BTC, with analysts arguing the correction is tied directly to demand conditions rather than equities or broader macro indicators. Ki himself has warned that a prolonged sideways market, rather than a sharp crash, could prove the harder test for the current cycle's structural supports.

Sources
Bitcoin's Great Wealth Transfer May Fuel Next Rally, Says CryptoQuant CEO (NewsBTC via TradingView)
Bitcoin's Realized Cap Holds at Record High Over $1 Trillion (CoinDesk)
Is Bitcoin's Four-Year Cycle Over? (Fidelity Digital Assets)