PPL (PPL - Free Report) closed at $36.35 in the latest trading session, marking a -1.06% move from the prior day. This move lagged the S&P 500's daily gain of 0.79%. Elsewhere, the Dow saw an upswing of 0.26%, while the tech-heavy Nasdaq appreciated by 1.52%.
Shares of the energy and utility holding company witnessed a gain of 6.43% over the previous month, beating the performance of the Utilities sector with its gain of 2.96%, and the S&P 500's loss of 1.82%.
The investment community will be paying close attention to the earnings performance of PPL in its upcoming release. On that day, PPL is projected to report earnings of $0.35 per share, which would represent year-over-year growth of 9.38%. At the same time, our most recent consensus estimate is projecting a revenue of $2.17 billion, reflecting a 7.04% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.95 per share and revenue of $9.69 billion, which would represent changes of +7.73% and +7.22%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for PPL. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. PPL presently features a Zacks Rank of #3 (Hold).
With respect to valuation, PPL is currently being traded at a Forward P/E ratio of 18.85. This indicates a premium in contrast to its industry's Forward P/E of 18.44.
Also, we should mention that PPL has a PEG ratio of 2.51. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Utility - Electric Power stocks are, on average, holding a PEG ratio of 2.82 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PPL in the coming trading sessions, be sure to utilize Zacks.com.
After more than a decade in business, a beloved clothing retail store will close at the end of July, leaving Honolulu residents one less place to purchase clothing.
The Nordstrom Rack in the Waikiki neighborhood will close on July 27, according to the Honolulu Star Advertiser.
The 34,000 square foot retail location opened in the spring of 2016 at the Hyatt Centric Waikiki Beach on Kuhio Avenue.
After more than a decade in business, a beloved clothing retail store will close at the end of July, leaving Honolulu residents one less place to purchase clothing. Getty Images
The Nordstrom Rack in the Waikiki neighborhood will close on July 27, according to the Honolulu Star Advertiser. Getty Images for Nordstrom Rack The shutdown will impact 34 store employees, though Nordstrom indicated that some employees will be offered opportunities to transfer to other Nordstrom retail locations.
Those who are not offered a transfer or decline the opportunity will likely have their last day on July 27, or up to two weeks after the closure date.
However, it is currently unclear how many of the 34 employees at this location will be given transfer offers at this time.
Employees at the store ranged from store manager to assistant sales manager, along with salespeople and customer experience specialists.
Employers are required by the federal Worker Adjustment and Retraining Notification (WARN) Act to notify employees in advance of any mass layoffs or closures.
The corporation notified employees in late May, adding they have, “given appropriate notice to affected employees.”
However, it is currently unclear how many of the 34 employees at this location will be given transfer offers at this time. Getty Images for Nordstrom Rack There are local alternatives for Hawaiian shoppers, with another Nordstrom Rack located at Ward Village Shops, plus a regular Nordstrom department store located at Ala Moana Center.
While Nordstrom has not given an official reason for the closure, some customers speculated on the Honolulu Star Advertiser’s Facebook post.
“Because the Rent is high that’s why they decided not to renew their lease from that building! The Nordstrom Rack store the monthly rent of the store is high like crazy,” one Facebook user said.
The user also speculated that the company was, “probably paying $90,000 to $200,000 a month for their space at that building and depending how big is the square footage.”
He added that the Nordstrom store at Ala Moana Center, “might be paying more and maybe the range of $700,000 to $900,000 per month at the mall.”
“That’s why a lot the stores are going out of business because they couldn’t catchup with their monthly lease,” he added.
Others bemoaned the closing, with one commenting, “Omg . Our favorite place in Kuhio ! We been 1000 times! They have great things there. Amazing shop.”
Emcor Group (EME - Free Report) closed the most recent trading day at $829.88, moving +1.9% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.79% for the day. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 1.52%.
Prior to today's trading, shares of the construction and maintenance company had lost 1.99% lagged the Construction sector's gain of 5.5% and the S&P 500's loss of 1.82%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. The company is predicted to post an EPS of $7.23, indicating a 7.59% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $4.73 billion, showing a 9.88% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $29.37 per share and revenue of $19.02 billion. These totals would mark changes of +13.53% and +11.97%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Emcor Group. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.3% increase. At present, Emcor Group boasts a Zacks Rank of #2 (Buy).
With respect to valuation, Emcor Group is currently being traded at a Forward P/E ratio of 27.73. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 27.73.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 62, finds itself in the top 26% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
BWX Technologies, Inc. (NYSE: BWXT) will issue a news release detailing second quarter 2026 results on Monday, Aug. 3, 2026, after market close and will host a conference call at 5:00 p.m. EDT.
Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at investors.bwxt.com. The dial-in numbers for participants are (U.S.) 1-800-715-9871 and (International) 1-646-307-1963; conference ID: 6333615. A replay of the call will remain available on the BWXT website for a limited time.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company with approximately 10,000 employees, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, nuclear medicine, space exploration and environmental restoration. BWXT owns and operates 17 manufacturing facilities globally, and its 14 strategic partnerships support the U.S. and Canadian government at more than two dozen additional locations. For more information, visit www.bwxt.com. Follow us on LinkedIn, X, FacebookandInstagram.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260630965448/en/
NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Hub Group, Inc. (“Hub Group” or the “Company”) (NASDAQ: HUBG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Hub Group and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until August 28, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Hub Group securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On February 5, 2026, Hub Group announced that the Company’s financial statements for the first three quarters of 2025 should not be relied upon due to “an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025.” The Company revealed that its reports for those quarters “were in each case materially misstated due to the aforementioned error and should no longer be relied upon” and that “the Company [wa]s also continuing to assess the effectiveness of its disclosure controls and procedures and internal control over financial reporting and appropriate remediation steps.” The Company also estimated that “[t]he total amount of the reduction to accounts payable and purchased transportation costs related to this issue that was recorded during these periods is $77 million.” As such, Hub Group stated that it “plans to restate its financial statements for the first, second and third quarters of 2025.”
On this news, Hub Group’s stock price fell $9.37 per share, or 18.25%, to close at $41.96 per share on February 6, 2026.
Then, on May 12, 2026, Hub Group announced that it had “identified certain transactions that were prematurely or incorrectly recognized or not adequately supported,” causing its 2023 and 2024 annual reports filed with the SEC to be “materially misstated,” such that they “should no longer be relied upon.” The Company did not quantify the expected misstatement, although it “expect[ed] to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023.”
On this news, Hub Group’s stock price fell $5.24 per share, or 12.52%, to close at $36.62 per share on May 12, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
If you purchased or acquired Hub Group securities between April 28, 2023, and May 11, 2026 and would like to discuss your legal rights, contact Bragar Eagel & Squire partners Brandon Walker or Melissa Fortunato by email at [email protected] or by telephone at (212) 355-4648.
Click here to participate in the action.
NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) --
What’s Happening:
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Hub Group, Inc. (“Hub Group” or the “Company”) (NASDAQ:HUBG) in the United States District Court for the Northern District of Illinois on behalf of all persons and entities who purchased or otherwise acquired Hub Group securities between April 28, 2023, and May 11, 2026, both dates inclusive (the “Class Period”). Investors have until August 28, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Allegation Details:
According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that Hub Group's financial statements prepared for the periods from Q1 2023 to Q4 2024, including annual reports for 2023 and 2024, contained material misstatements—caused by the premature and incorrect recognition of certain transactions—concerning, inter alia, Hub Group's operating revenue, operating income, revenue recognition, effectiveness of internal controls and procedures, and drivers of financial results and growth. In addition, 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, inter alia, Hub Group's operating expenses, purchased transportation and warehousing expenses, operating income, effectiveness of internal disclosure controls and procedures, and drivers of financial results and growth. When the true details entered the market, the lawsuit claims that investors suffered damages. Next Steps:
If you purchased or otherwise acquired Hub Group shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until August 28, 2026 to file lead plaintiff applications in a securities class action lawsuit against Hub Group, Inc. ("Hub" or the "Company") (NasdaqGS: HUBG), if they purchased or otherwise acquired the Company’s securities between April 28, 2023, and May 11, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of Illinois.
What You May Do
If you purchased securities of Hub as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-hubg/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 28, 2026.
>>>CLICK HERE for more information
About the Lawsuit
Hub Group and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 5, 2026, the Company disclosed that its financial statements and reports for the first three quarters of 2025 should not be relied upon due to “an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025” and that it planned to restate the statements. On this news, the price of Hub Group shares fell approximately 18%, from $51.33 per share on February 5, 2026 to $41.96 on February 6, 2026.
Then, on May 12, 2026, the Company disclosed that it had “identified certain transactions that were prematurely or incorrectly recognized or not adequately supported,” causing its 2023 and 2024 annual reports filed with the SEC to be “materially misstated,” such that they should no longer be relied upon, and “expect[ed] to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023.” On this news, the price of Hub Group shares fell an additional 13%, from $41.86 per share at close on May 11, 2026 to $36.62 on May 12, 2026.
The case is Lawler v. Hub Group, Inc., et al, 26-cv-07596.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
SAN FRANCISCO, June 30, 2026 (GLOBE NEWSWIRE) -- 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.
NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Kemper Corporation (“Kemper” or the “Company”) (NYSE: KMPR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Kemper and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 6, 2026, Kemper disclosed that “[t]he increase in minimum liability limits effective January 1, 2025, has led to greater attorney involvement in claims and higher loss costs.” Management further admitted: “This trend has developed over several quarters.” Kemper also stated that although the relevant California rate filing was “6.9%: in aggregate, it was “about 50 points on bodily injury.”
On this news, Kemper’s stock price fell $3.37 per share, or 10.28%, to close at $29.40 per share on May 7, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of The Ensign Group, Inc. (“Ensign Group” or the “Company”) (NASDAQ: ENSG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Ensign Group and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 8, 2026, Hunterbrook published a short report alleging that Ensign Group’s business model relies on inadequate patient care and gaming quality metrics. The Hunterbrook report further alleges that Ensign Group’s profits depend on understaffing facilities while routing taxpayer dollars to executives and affiliates, and that patients have suffered and died as a result.
Following publication of the Hunterbrook report, Ensign Group’s stock price fell $13.88 per share, or 8.15%, to close at $156.42 per share on June 8, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether ChampionX and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until July 14, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired ChampionX securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
A Complaint has filed on behalf of investors who sold ChampionX common stock during the Class Period, alleging that the defendants failed to disclose material information, which artificially deflated the price of ChampionX common stock.
Per the allegations of the Complaint, on February 29, 2024, ChampionX received an unsolicited non-public offer from Schlumberger Limited to purchase all the outstanding shares of ChampionX for $36.70 per share. On March 7, 2024, Schlumberger raised its offer to $37.80 per share. The ChampionX class action lawsuit alleges that while these offers were on the table and unknown to the investing public, ChampionX was repurchasing its common stock at market prices significantly below the prices offered by Schlumberger. ChampionX had an obligation to disclose that it had received a formal acquisition offer from Schlumberger or abstain from purchasing ChampionX stock from unsuspecting investors.
During the Class Period, ChampionX’s average stock price was $33.32 per share. On Tuesday, April 2, 2024, during pre-market hours, ChampionX disclosed the merger with Schlumberger. The merger eventually closed on July 16, 2025, with Schlumberger acquiring ChampionX for $40.58 per share.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
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.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In PicS To Contact Him Directly To Discuss Their Options
If you purchased or acquired PicS Class A Common stock in and/or traceable to PicS' January 30, 2026 initial public offering ("IPO") 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]
New York, New York--(Newsfile Corp. - June 30, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against PicS N.V. ("PicS" or the "Company") (NASDAQ: PICS) and reminds investors of the August 4, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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) PicS N.V. had conducted an evaluation of its credit evaluation procedures in December 2025 and determined that such procedures were deficient and in need of enhancement; (2) as a result of the new procedures PicS N.V. had implemented in December 2025, PicS N.V. had reclassified approximately R$590 million of exposures previously classified as Stage 2 to Stage 3, leading to an incremental ECL charge of R$88 million in the three months ended December 31, 2025; (3) PicS N.V. had experienced a heightened, but unreported, Stage 3 formation rate of more than 7% in the fourth quarter of 2025 that deviated substantially from the historical results and trends provided in the offering documents; (4) the IPO's offering documents had materially overstated the quality and ability of PicS N.V.'s credit models and user data to inform PicS N.V.'s underwriting practices and to allow PicS N.V. to timely and effectively monitor, assess, and identify adverse credit events, credit risks, and credit deterioration across its portfolio; and (5) PicS N.V. suffered from degradations in customer credit quality and heightened risks of default and loan impairment as a result of its entrance into materially riskier business lines leading up to the IPO, resulting in undisclosed adverse financial and operational trends such as heightened incidents of default, which predated the IPO and were internally projected by PicS N.V. to continue to worsen following the IPO, materially impairing PicS N.V.'s business, operations, and financial results.
On or around January 29, 2026, PicPay conducted its initial public offering ("IPO"), selling 22.86 million Class A common shares priced at $19.00 per share.
Then, on March 18, 2026, PicPay released its fourth quarter 2025 financial results and revealed that, as part of the Company's "annual review of expected credit loss parameters," it had made several "enhancements" to its Expected Credit Loss ("ECL") calculations, and "implemented a stricter policy to accelerate the classification of renegotiated non-performing exposures from Stage 2 to Stage 3." Consequently, "R$590 million of Stage 2 portfolio balances were reclassified to Stage 3, resulting in an ECL increase of R$88 [$17.56 million USD]." Stage 3 is the Company's highest risk category for its credit portfolio.
On this news, PicPay's stock price fell $3.56 per share, or 22.5%, to close at $12.27 per share on March 19, 2026.
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 PicS' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the PicS N.V. class action, go to www.faruqilaw.com/PICS 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 PicS N.V. Securities Class Action Lawsuit:
What is the PicS N.V. securities fraud lawsuit about?
The PicS N.V. securities fraud lawsuit is a federal securities class action alleging that PicS N.V. (NASDAQ: PICS) and its executives made false and misleading statements to investors in connection with the Company's January 30, 2026 IPO by concealing that the Company had already identified deficiencies in its credit evaluation procedures in December 2025, had reclassified approximately R$590 million of exposures from Stage 2 to Stage 3 (its highest credit risk category) resulting in an incremental expected credit loss charge of R$88 million, and was experiencing a Stage 3 formation rate exceeding 7% in Q4 2025 — a significant deviation from the historical trends presented in the IPO's offering documents. As the truth emerged on March 18, 2026, when PicS disclosed these credit portfolio deteriorations as part of its Q4 2025 financial results, PICS shares fell $3.56 per share, or 22.5%, to close at $12.27 — well below the $19.00 IPO price — causing significant losses for investors.
Who may be eligible to participate in the PicS N.V. class action lawsuit?
Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the Company's January 30, 2026 initial public offering and suffered financial losses may be eligible to participate in the PicS securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former PicS employees, and others with relevant information about the Company's conduct are also encouraged to come forward.
What is a lead plaintiff, and how can I seek appointment in the PicS N.V. lawsuit?
A lead plaintiff in the PicS N.V. class action is a court-appointed investor — typically the one with the largest financial interest in the case — who directs and oversees the litigation on behalf of all class members. Any PicS investor who purchased PICS Class A common stock in or traceable to the IPO may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is August 4, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.
What should investors do if they purchased PicS N.V. stock in the IPO?
Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the January 30, 2026 IPO and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the PicS N.V. securities class action is August 4, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/PICS for more information.
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.
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SAN FRANCISCO, June 30, 2026 (GLOBE NEWSWIRE) -- 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.
Hagens Berman is investigating the claims pled in the pending suit and encourages Commvault investors who suffered substantial losses to submit your losses now.
Class Period: Apr. 29, 2025 – Jan. 26, 2026
Lead Plaintiff Deadline: July 17, 2026
Visit: www.hbsslaw.com/investor-fraud/cvlt
Contact the Firm Now: [email protected]
844-916-0895
View our latest video summary of the allegations: youtu.be/YILiBV90q2w
Over $9.4 Million in Recent Executive Stock Sales
According to publicly filed insider trading reports, Commvault’s top executives — including its CEO, CFO, and Chief Accounting Officer — have collectively sold over $9.4 million in company shares between February and May 2026:
Sanjay Mirchandani, President & CEO — sold approximately 72,874 shares totaling over $7,015,973 across five separate transactions between February and May 2026.Gary Merrill, Chief Financial Officer — sold approximately 20,474 shares totaling over $2,101,458 across four transactions during the same period.Danielle Nicole Abrahamsen, Chief Accounting Officer — sold approximately 2,951 shares totaling over $305,668 across four transactions during the same period. Commvault Systems, Inc. (CVLT) Securities Class Action:
These insider sales come against the backdrop of a securities class action lawsuit filed on behalf of investors who purchased Commvault securities between April 29, 2025, and January 26, 2026.
The lawsuit alleges Commvault’s class period disclosures violated federal securities laws by creating a misleading impression about the company's growth trajectory. Specifically, the complaint alleges that during the Class Period, Commvault repeatedly touted that its "execution has never been better across the business," claimed it would "continue to see hyper-growth within [its] SaaS platform," and promoted its ARR growth and accelerated SaaS target achievement "two quarters earlier than planned."
The truth allegedly emerged on January 27, 2026, when Commvault reported Q3 2026 financial results revealing a significant miss in net new ARR, a reduction in full-year ARR growth guidance, and a dramatic deceleration in SaaS ARR year-over-year growth — plunging from 71% to just 40%. The company revealed for the first time that the composition of its sales activity materially impacted ARR, with volumes increasingly coming from dramatically lower-priced SaaS deals and heavily discounted long-term contracts.
Several analysts reportedly characterized the results as a “mess” and questioned Commvault's ability to execute, promptly downgrading the stock.
HBSS Investigation
“We’re investigating whether Commvault misled investors regarding its ARR growth by masking the impact of lower-priced SaaS deals and heavy discounting, as the complaint alleges,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
If you invested in Commvault and have substantial losses, or have knowledge that will assist the firm’s investigation, submit your losses now.
If you’d like more information and answers to frequently asked questions about the Commvault case and the firm’s investigation, read more »
Whistleblowers: Persons with non-public information regarding Commvault should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Contact:
Reed Kathrein, 844-916-0895
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e57c3467-2942-445c-b6d3-24cb711d4d4f
A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e545212f-0de1-4302-ae4b-9b95e31f8ccd
Commvault Systems, Inc. (CVLT) Securities Class Action Hagens Berman Highlights Lawsuit Targeting Commvault Systems, Inc. (CVLT) Over Alleged Misleading St... Commvault Systems (CVLT) Securities Class Action Lawsuit Filed Amid $1.7B Market Cap Wipeout A class-action lawsuit has been filed against Commvault Systems, Inc. (NASDAQ: CVLT) after #investor...
, /PRNewswire/ -- First Horizon Bank (NYSE: FHN or "First Horizon") announced today that Daniel Maurin, Senior Vice President and Business Banking Manager, has joined the Board of Governors of Junior Achievement of Greater New Orleans.
Maurin brings nearly three decades of banking experience to his role at First Horizon Bank. Throughout his career, he has partnered with businesses and individuals across the greater New Orleans area, providing strategic financial guidance and building trusted relationships throughout the region.
Daniel Maurin, First Horizon Bank "I am honored to join the Junior Achievement of Greater New Orleans Board of Governors," said Daniel Maurin, Senior Vice President and Business Banking Manager for First Horizon Bank. "Every day, I see the impact that financial knowledge, mentorship and opportunity can have on individuals and families. Junior Achievement plays a critical role in preparing young people for success, and I look forward to supporting its mission and helping empower the next generation of leaders and entrepreneurs."
"Daniel brings deep financial expertise, strong community connections and a commitment to developing future leaders," said Larry Washington, President and CEO of Junior Achievement of Greater New Orleans. "His leadership and insight will help us broaden our reach and continue equipping students with the skills and confidence they need to achieve their goals."
About First Horizon
First Horizon Corp. (NYSE: FHN), with $84.1 billion in assets as of March 31, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
Live Coverage Updates appear automatically as they are published.
Live Updates 2 hours ago
Live
That wraps up our initial coverage of Constellation Brands’ Q1 results. Thank you for stopping by!
Check out management’s earnings call on July 1 at 8 AM ET for more updates.
2 hours ago
Live
Despite the earnings beat, management largely stuck with its outlook for fiscal 2027 rather than becoming more aggressive.
Constellation reaffirmed comparable EPS guidance of $11.20 to $11.90 while maintaining expectations for Beer net sales growth of -1% to 1%, Beer operating margins of 37% to 38%, operating cash flow of $2.4 billion to $2.5 billion, and free cash flow of $1.6 billion to $1.7 billion.
The only notable change was an increase in reported EPS guidance to $11.50-$12.20, reflecting items outside the company’s comparable results.
For investors, management’s decision to keep its comparable guidance suggests confidence that current demand trends and profitability remain strong despite ongoing macroeconomic uncertainty.
With shares moving higher after the report, the focus will now shift to whether executives provide a more optimistic tone during the earnings call, particularly around beer demand and the second half of the fiscal year.
2 hours ago
Live
Constellation’s reported revenue declined 3% year over year, but that figure masks improving trends across the core business.
After adjusting for last year’s wine divestitures, organic net sales actually increased 3%, driven by continued strength in the Beer segment and improving momentum in the remaining Wine & Spirits portfolio. That means the reported decline reflects a smaller business following the sale of lower-end wine brands rather than broad-based weakness across the portfolio.
Beer net sales increased 2%, while the remaining Wine & Spirits business generated 8% organic net sales growth and 6.6% depletions growth, outperforming the broader wine and spirits category in both dollar and volume sales.
Management said the company also gained market share during the quarter despite what it described as a “discerning and value-conscious consumer environment,” suggesting premium brands continue to resonate with consumers.
2 hours ago
Live
Constellation Brands continued generating strong cash flow while returning significant capital to shareholders.
Operating cash flow increased to $662 million, while free cash flow climbed 9% to $485 million during the quarter. The company repurchased $324 million of stock through June and returned more than $400 million to shareholders through buybacks and dividends.
It also reaffirmed its fiscal 2027 targets for $2.4-$2.5 billion in operating cash flow and $1.6-$1.7 billion in free cash flow.
Management said it remains committed to balancing investments in growth, including construction of its third brewery in Veracruz, with continued shareholder returns.
2 hours ago
Live
Constellation’s beer business remained the company’s bright spot during the first quarter of fiscal 2027.
Beer net sales increased 2% as shipment volumes rose 1.8% alongside favorable pricing. While overall beer depletions slipped 0.3%, brands including Pacifico (+21%), Victoria (+14%), and Modelo Chelada (+6%) more than offset declines from Modelo Especial and Corona Extra.
The company also said it remained the #1 dollar share gainer across U.S. tracked beer channels, with five of the top 15 fastest-growing brands in the category.
2 hours ago
Live
Constellation Brands just reported fiscal first-quarter results, with shares rising roughly 3% in after-hours trading after delivering stronger-than-expected profitability while maintaining its comparable full-year outlook.
The headline was driven by stronger earnings growth despite a 3% decline in reported net sales, reflecting last year’s wine divestitures. Management also reaffirmed its comparable FY2027 EPS outlook while slightly raising reported EPS guidance. 3 hours ago
Live
Heading into tonight’s report, here are the needle-moving items from Q4 FY2026 (reported April 8, 2026) that frame the setup heading into tonight’s Q1 results.
Last Quarter’s Top 3 Takeaways: Tone inflection from CEO Bill Newlands. Management’s language shifted from neutral in Q3 (“challenged operating environment”) to clearly upbeat in Q4, with Newlands citing “momentum we saw in the fourth quarter” and a “best-in-class organization is energized”. That positive pivot makes the FY2027 organic sales range of -1% to +1% look potentially conservative if Q1 confirms the momentum. Beer margin took a real hit from aluminum tariffs. Beer margins contracted roughly 340 basis points last quarter on tariff costs and higher depreciation, even as Beer net sales rose 1%. Whether that pressure is stabilizing or intensifying is the single biggest swing factor against the 37% to 38% Beer operating margin guide. Secondary brands are doing the heavy lifting. Pacifico delivered roughly 21% depletion growth in Q4 and Victoria around 17%, while Modelo Especial and Corona Extra depletions continued to decline. The portfolio was still the #1 dollar share gainer in U.S. tracked channels, but tonight’s question is whether the smaller brands can keep offsetting softness in the two largest franchises. Layer in $924.1M in FY2026 buybacks, plus another $75M in March 2026, and a 1% dividend hike to $1.03, and capital return remains the floor under the story.
3 hours ago
Live
Top 5 Analyst Questions: Can March/April beer momentum sustain into Q1, given California share gains of over 1 point in the last four weeks? Update on Veracruz brewery startup timing and depreciation step-up? Any read-through on tariff relief or CUSMA risk? How is Wine & Spirits distributor destocking progressing? Is 9.5% of sales marketing spend front-loaded for the World Cup? Key Topics: Pacifico and Victoria runway Modelo Especial trajectory FY2028 visibility Capital return cadence after $924.1M in FY2026 repurchases Buzzwords: “factors within our control,” “dynamic operating environment,” “modular brewery expansion,” “depletion growth,” and “dollar share gainer.” Red Flags: Comparable EPS guidance trimmed below $11.20 Beer operating margin slipping below 37% Deeper Modelo Especial and Corona Extra declines Deceleration in Pacifico and Victoria depletions 3 hours ago
Live
Even after rebounding from recent lows, Constellation Brands still trades at roughly 12x forward earnings, well below many consumer staples peers.
Bulls argue that if management delivers a confident outlook, shows improving beer trends, and highlights World Cup-driven demand, investors could begin assigning the stock a higher earnings multiple.
With expectations remaining relatively muted heading into tonight’s Q1 2027 earnings report, positive guidance could have an outsized impact on sentiment.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Constellation Brands didn't make the cut. Grab the names FREE today.
3 hours ago
Live
Beyond sales growth, investors are watching whether stronger demand for beer can translate into higher profits.
Constellation entered fiscal 2027 with approximately 90% of its aluminum needs hedged, limiting the impact of higher aluminum costs that pressured margins after Section 232 tariffs were expanded.
If beer volumes improve alongside those lower input costs, earnings could outperform current Wall Street expectations.
3 hours ago
Live
One bullish thesis heading into earnings is that the 2026 FIFA World Cup could provide a meaningful demand boost for Constellation Brands’ beer portfolio.
Roughly 75% of tournament matches will be played in the U.S., while most games fall into North American viewing windows that historically support higher beer consumption.
Management has already said it plans to invest aggressively behind its brands during the tournament, particularly its premium light beer strategy.
Investors will be listening for any early read on World Cup demand and whether management believes it can provide a meaningful tailwind for fiscal 2027.
3 hours ago
Live
Tonight’s headline EPS number matters less than what management says about the rest of FY2027. Current guidance calls for comparable EPS of $11.20 to $11.90, Beer net sales growth of –1% to 1%, and a Beer operating margin of 37% to 38%, after the company withdrew its FY2028 outlook because of macroeconomic and tariff uncertainty.
Management has become more cautious after cutting FY2026 guidance last quarter, so investors will be listening closely for any changes in tone. The biggest questions are whether tariffs remain manageable, whether Pacifico and Victoria continue outperforming, and whether the Wine & Spirits business is finally stabilizing.
Bullish: Comparable EPS guidance above $11.90, Beer margins toward the high end of the range, or renewed visibility into FY2028.
Bearish: Comparable EPS guidance below $11.20, broader tariff headwinds, or further pressure on Beer margins.
3 hours ago
Live
This quarter marks one of the first major tests for CEO Bill Fink as investors look for evidence that Constellation Brands can navigate slowing consumer spending while protecting its industry-leading beer business.
The stock trades at roughly 12x forward earnings, a discount to many consumer staples peers, reflecting concerns around tariffs, softer wine and spirits demand, and questions about earnings growth.
The focus tonight is likely going to be around management’s commentary. Investors want reassurance that the beer segment can continue delivering solid margins and market share gains while the company executes its turnaround in wine and spirits.
A confident outlook for the second half of the fiscal year could help sentiment improve quickly. On the other hand, any signs of weakening demand or more cautious guidance would likely increase skepticism around current FY2027 earnings expectations.
Investors are watching Constellation Brands (NYSE:STZ | STZ Price Prediction) ahead of its Q1 FY2027 results, expected at 4:05 PM ET tonight. After a bruising stretch for the stock, this report will test whether beer momentum can survive tariff pressure and weakening consumer strength.
A Brewer Under Pressure The last quarter set a cautious tone. In Q4 FY26, reported April 8, 2026, STZ posted EPS of $1.90 on revenue of $1.92 billion, beating EPS estimates by 11.11% but missing on revenue. Beer margins absorbed a 340 basis point contraction from aluminum tariffs and higher depreciation.
Management issued FY27 guidance, then withdrew its FY28 outlook citing tariff uncertainty. Nicholas Fink took over as CEO on April 13, 2026, succeeding Bill Newlands. Since the report, shares have fallen 6.42%, with the stock now at $136.44. The University of Michigan Consumer Sentiment Index sits at 44.8, a recessionary reading that shadows every beverage call this earnings season.
FY2027 Guidance Framework Metric FY2027 Guide FY2026 Actual Comparable EPS $11.20 to $11.90 $11.82 Net Sales $8.91B to $9.09B $9.139B Beer Operating Margin 37% to 38% n/a Free Cash Flow $1.6B to $1.7B $1.794B Year-ago Q1 FY26 delivered EPS of $3.22 on revenue of $2.515 billion, both missing estimates.
Margin Defense and the World Cup Bet Tonight, I’ll be watching Constellation’s beer margins above all else. Fink’s first quarter as CEO arrives with management committing to aggressive marketing spend in the first half of the fiscal year, including a heavy World Cup push that prompted TD Cowen to cut its target to $174 from $190 and BofA to trim to $152 from $154. CFO Garth Hankinson flagged offsetting aluminum tariff relief in FY27, but the Veracruz brewery ramp adds fixed-cost absorption headwinds.
The brand mix story matters too. Pacifico grew depletions 21% in Q4 and Victoria 17%, but those gains have to keep offsetting declines in Modelo Especial and Corona Extra. Newlands noted on the last call that “March is off to a solid start, better than planned with continued increasing momentum.” Investors will look at whether that carried through May.
Wine & Spirits is another swing factor. The remaining portfolio posted 8% depletion growth in Q4, but distributor inventory rebalancing will weigh on reported sales through FY27. Hispanic consumer demand, weak sentiment, and any commentary on Mexico tariff exposure might also be worth watching.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Constellation Brands didn't make the cut. Grab the names FREE today.
Food and beverage volume trends were lower as the quarter progressed, Chief Executive Nicholas Fink said, reflecting the effects of higher gas prices from the war in Iran on top of years of inflation.
Constellation Brands (STZ - Free Report) came out with quarterly earnings of $3.43 per share, beating the Zacks Consensus Estimate of $3.22 per share. This compares to earnings of $3.22 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +6.40%. A quarter ago, it was expected that this wine, liquor and beer company would post earnings of $1.74 per share when it actually produced earnings of $1.9, delivering a surprise of +9.2%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Constellation Brands, which belongs to the Zacks Beverages - Alcohol industry, posted revenues of $2.43 billion for the quarter ended May 2026, surpassing the Zacks Consensus Estimate by 1.21%. This compares to year-ago revenues of $2.52 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Constellation Brands shares have added about 1.2% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Constellation Brands?While Constellation Brands has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Constellation Brands was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.74 on $2.58 billion in revenues for the coming quarter and $11.78 on $9.13 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Beverages - Alcohol is currently in the bottom 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
MGP (MGPI - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.
This producer of distillery and ingredients products used by the packaged goods industry is expected to post quarterly earnings of $0.49 per share in its upcoming report, which represents a year-over-year change of -49.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
MGP's revenues are expected to be $127.74 million, down 12.2% from the year-ago quarter.
For the quarter ended May 2026, Constellation Brands (STZ - Free Report) reported revenue of $2.43 billion, down 3.3% over the same period last year. EPS came in at $3.43, compared to $3.22 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.4 billion, representing a surprise of +1.21%. The company delivered an EPS surprise of +6.4%, with the consensus EPS estimate being $3.22.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Constellation Brands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Wine and Spirits: $149.2 million versus $142.2 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -46.8% change.Net Sales- Beer: $2.28 billion versus the four-analyst average estimate of $2.27 billion. The reported number represents a year-over-year change of +2.2%.Operating Income- Wine and Spirits: $-1.1 million compared to the $-1.37 million average estimate based on four analysts.Operating Income- Corporate Operations and Other: $-56.1 million compared to the $-59.68 million average estimate based on four analysts.Operating Income- Beer: $891.4 million compared to the $877.84 million average estimate based on four analysts.View all Key Company Metrics for Constellation Brands here>>>
Shares of Constellation Brands have returned +2.5% over the past month versus the Zacks S&P 500 composite's -1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Bitcoin enters the third quarter still in a bear market, with technical analysis suggesting one more leg lower remains likely before a bounce develops in July, followed by a sharp bearish August and a possible final low forming around October.
Where Bitcoin Stands Right Now
The current structure remains clearly bearish according to Elliott Wave analysis tracking the decline since June. Bitcoin is consolidating between micro support and resistance, with the first resistance zone sitting between $60,812 and $62,589.
A break above that level would be the first signal that the anticipated Q3 bounce has begun. Until then, one more low remains the more likely scenario, potentially testing the $55,500 to $56,000 support cluster that aligns with a larger Fibonacci support zone on higher timeframes.
The broader market regime indicators reinforce the bearish read. A 365-day regime divider confirms Bitcoin remains in bear market conditions, and price is currently trading below an entire bearish-aligned moving average ribbon spanning $64,000 to $81,000, closely matching the $67,000 to $77,000 resistance zone that has rejected multiple rally attempts this cycle.
Why July Could Bring Relief
Despite the bearish backdrop, seasonality offers a genuine reason for optimism in the near term. Historical data shows July has consistently been one of the stronger months for Bitcoin even during bear market years, often producing a corrective three-wave rally before renewed selling resumes. August, by contrast, has historically been one of the most bearish months of the year.
A bullish divergence is also forming on the RSI, with price posting a lower high while the RSI itself prints a higher low, a pattern that frequently precedes short-term rallies back toward resistance. Combined with the seasonal pattern, this supports the case for a July bounce, whether as a smaller wave two within the current decline or a larger corrective structure.
The Q3 Targets
If the current Elliott Wave structure plays out, Bitcoin’s first major downside target sits near $39,000, based on a 100% Fibonacci extension from the recent wave structure. The path there could be direct or could involve an extended bounce first. On the upside, any July rally is expected to face resistance between $67,000 and $77,000, with the 200-day moving average near $75,000 reinforcing that zone.
Time cycle analysis points toward a potential final low forming around October, give or take 30 days, consistent with how previous Bitcoin bear markets have typically lasted between 360 and 380 days. This would place the end of the current bear market squarely within Q4 2026, setting up the next bull market phase.
Story Ends Here
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NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of DXC Technology Company (“DXC” or the “Company”) (NYSE: DXC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether DXC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 7, 2026, after the market closed, DXC reported its fourth quarter and full fiscal year 2026 financial results. The Company reported total revenue of approximately $3.13 billion for the fourth quarter, representing a 1.2% year-over-year decline and a 6.6% decline on an organic basis. DXC also reported fourth quarter bookings of approximately $3.3 billion, down 13.5% year over year. During the accompanying earnings call, management disclosed that DXC’s top-line performance fell short of expectations. The Company stated that it missed its organic revenue guidance by approximately $75 million, or two percentage points, and that this was not just a pipeline and demand issue, but also an execution issue. DXC also issued fiscal year 2027 guidance projecting continued organic revenue decline of approximately 3% to 5% year over year.
On this news, DXC’s stock price fell $2.58 per share, or 21.48%, to close at $9.43 per share on May 8, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
BE stock is climbing. See the chart and price action here. Larger AI Infrastructure CommitmentThe companies announced that Brookfield has increased its framework to finance power projects from the previously announced $5 billion to $25 billion.
“When we formed this partnership, we said it was the first phase of a much larger vision,” said Aman Joshi, chief commercial officer of Bloom Energy.
“Today’s commitment reflects the momentum we are seeing in the market, as evidenced by recently announced large-scale deals. Bloom is uniquely positioned to address the urgent need for clean, reliable power to support the rapid growth of AI,” Joshi added.
BE Price ActionAccording to data from Benzinga Pro, Bloom Energy shares were up 13.97% at $345 in Tuesday’s extended trading, after gaining 10.07% in the regular session.
Over the past month, Bloom Energy has gained about 20.5% versus a 1.1% decline in the S&P 500 and is up roughly 269% year-to-date compared to the index’s 8.9% gain. The stock is trading near its 52-week high of $351.28.
Bloom Energy, a leader in clean energy technology, has seen its market cap soar to $95.15 billion, reflecting its connection to the AI buildout and a broader shift towards sustainable energy solutions.
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In the latest close session, Boston Scientific (BSX - Free Report) was down 1.84% at $42.68. The stock's change was less than the S&P 500's daily gain of 0.79%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, added 1.52%.
The stock of medical device manufacturer has fallen by 9.38% in the past month, lagging the Medical sector's gain of 7.53% and the S&P 500's loss of 1.82%.
The investment community will be closely monitoring the performance of Boston Scientific in its forthcoming earnings report. The company is scheduled to release its earnings on July 29, 2026. In that report, analysts expect Boston Scientific to post earnings of $0.83 per share. This would mark year-over-year growth of 10.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $5.39 billion, indicating a 6.54% increase compared to the same quarter of the previous year.
BSX's full-year Zacks Consensus Estimates are calling for earnings of $3.36 per share and revenue of $21.61 billion. These results would represent year-over-year changes of +9.8% and +7.65%, respectively.
Any recent changes to analyst estimates for Boston Scientific should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.37% fall in the Zacks Consensus EPS estimate. At present, Boston Scientific boasts a Zacks Rank of #4 (Sell).
Looking at its valuation, Boston Scientific is holding a Forward P/E ratio of 12.95. Its industry sports an average Forward P/E of 18.39, so one might conclude that Boston Scientific is trading at a discount comparatively.
We can also see that BSX currently has a PEG ratio of 0.83. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Medical - Products industry had an average PEG ratio of 1.65 as trading concluded yesterday.
The Medical - Products industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 180, positioning it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
In the latest close session, Vistra Corp. (VST - Free Report) was down 2.31% at $158.63. The stock trailed the S&P 500, which registered a daily gain of 0.79%. Elsewhere, the Dow saw an upswing of 0.26%, while the tech-heavy Nasdaq appreciated by 1.52%.
Coming into today, shares of the company had gained 4.92% in the past month. In that same time, the Utilities sector gained 2.96%, while the S&P 500 lost 1.82%.
The investment community will be paying close attention to the earnings performance of Vistra Corp. in its upcoming release. It is anticipated that the company will report an EPS of $2.43, marking a 140.59% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $6.42 billion, up 50.98% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.52 per share and revenue of $23.85 billion, indicating changes of +80.99% and +34.45%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Vistra Corp. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.38% upward. Vistra Corp. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Vistra Corp. is currently trading at a Forward P/E ratio of 17.05. This expresses a discount compared to the average Forward P/E of 18.44 of its industry.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Celsius Holdings, Inc. (“Celsius” or the “Company”) (NASDAQ: CELH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Celsius and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 4, 2026, Texas Attorney General Ken Paxton announced an investigation into Celsius over concerns that its high-caffeine energy drinks are being marketed to children and teens. The investigation will specifically examine whether Celsius and its subsidiary Alani Nutrition, maker of the highly caffeinated Alani Nu energy drink, had violated the Texas Deceptive Trade Practices Act by misrepresenting the safety of their products.
On news of the investigation, Celsius’s stock price fell $2.26 per share, or 7.53%, to close at $27.75 per share on June 4, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Celsius Holdings Inc. (CELH - Free Report) closed the most recent trading day at $29.33, moving -1.54% from the previous trading session. This change lagged the S&P 500's daily gain of 0.79%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq gained 1.52%.
The company's stock has dropped by 3.53% in the past month, falling short of the Consumer Staples sector's gain of 3.46% and the S&P 500's loss of 1.82%.
Market participants will be closely following the financial results of Celsius Holdings Inc. in its upcoming release. The company is expected to report EPS of $0.42, down 10.64% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $891.45 million, up 20.59% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.59 per share and revenue of $3.33 billion. These totals would mark changes of +18.66% and +32.32%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Celsius Holdings Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.26% higher within the past month. As of now, Celsius Holdings Inc. holds a Zacks Rank of #3 (Hold).
Digging into valuation, Celsius Holdings Inc. currently has a Forward P/E ratio of 18.73. This expresses a premium compared to the average Forward P/E of 14.28 of its industry.
Also, we should mention that CELH has a PEG ratio of 1.19. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Food - Miscellaneous industry had an average PEG ratio of 2.48.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 198, finds itself in the bottom 19% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CELH in the coming trading sessions, be sure to utilize Zacks.com.
IonQ, Inc. (IONQ - Free Report) closed the most recent trading day at $53.26, moving -1.15% from the previous trading session. This change lagged the S&P 500's daily gain of 0.79%. Elsewhere, the Dow saw an upswing of 0.26%, while the tech-heavy Nasdaq appreciated by 1.52%.
The company's shares have seen a decrease of 22.23% over the last month, not keeping up with the Computer and Technology sector's loss of 4.61% and the S&P 500's loss of 1.82%.
The investment community will be closely monitoring the performance of IonQ, Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.29, showcasing a 58.57% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $66.36 million, indicating a 220.73% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.07 per share and a revenue of $267.45 million, indicating changes of +41.21% and +105.71%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for IonQ, Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. IonQ, Inc. is currently sporting a Zacks Rank of #4 (Sell).
The Computer - Integrated Systems industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 16, this industry ranks in the top 7% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Granite Real Estate Investment Trust (âGraniteâ) (TSX: GRT.UN) expects to announce its financial results for the second quarter ended June 30, 2026 after t
Comfort Systems (FIX - Free Report) closed at $1,981.31 in the latest trading session, marking a +1.67% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.79% for the day. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 1.52%.
The heating, ventilation and air conditioning company's stock has climbed by 8.99% in the past month, exceeding the Construction sector's gain of 5.5% and the S&P 500's loss of 1.82%.
The investment community will be paying close attention to the earnings performance of Comfort Systems in its upcoming release. The company is expected to report EPS of $10.38, up 58.96% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $2.94 billion, indicating a 35.42% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $43.08 per share and a revenue of $11.88 billion, demonstrating changes of +49.17% and +30.51%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Comfort Systems. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Comfort Systems currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Comfort Systems is at present trading with a Forward P/E ratio of 45.24. This indicates a premium in contrast to its industry's Forward P/E of 24.88.
The Building Products - Air Conditioner and Heating industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Peabody Energy (BTU) To Contact Him Directly To Discuss Their Options
If you purchased or acquired Peabody Energy common stock between October 14, 2024 to May 4, 2026 and would like to discuss your legal rights, contact Bragar Eagel & Squire partners Brandon Walker or Melissa Fortunato by email at [email protected] or by telephone at (212) 355-4648.
Click here to participate in the action.
NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) --
What’s Happening:
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Peabody Energy Corporation (“Peabody Energy” or the “Company”) (NYSE:BTU) in the United States District Court for the Eastern District of Missouri on behalf of all persons and entities who purchased or otherwise acquired Peabody Energy common stock between October 14, 2024 to May 4, 2026, both dates inclusive (the “Class Period”). Investors have until August 24, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Allegation Details:
According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Peabody Energy’s Centurion mine and the multitude of issues causing delays to the ramp-up and the return to full longwall production dates. On March 30, 2026, Peabody Energy issued a press release lowering guidance pertaining to Centurion mine’s expected first quarter 2026 output ahead of the Company’s full earnings release. In pertinent part, defendants announced that sales volume from the Centurion mine was expected to deliver approximately 250,000 tons in the first quarter due to mining commissioning challenges (compared to previous estimates of around 700,000 tons). Following this news, the price of Peabody Energy’s common stock declined dramatically. From a closing market price of $39.50 per share on March 27, 2026, Peabody Energy’s stock price fell to $35.68 per share on March 30, 2026, a decline of about 9.7% in the span of a single trading day.On May 5, 2026, Peabody Energy issued a press release disclosing the Company’s failure to ramp-up Centurion by the long-awaited March 2026 deadline and cutting guidance related to full year met segment volumes to reflect the increased cost and substantial volume decrease. Following this news, Peabody Energy’s common stock declined from a closing market price of $26.52 per share on May 4, 2026, to $25.00 per share on May 5, 2025, a decline of 5.7%.
Next Steps:
If you purchased or otherwise acquired Peabody Energy shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities,
derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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, /PRNewswire/ -- Peabody (NYSE: BTU) today announced Bryan Quinn has been named President of Global Operations effective August 1, 2026. In this role, he will report to, and work closely with, the Chief Operating Officer to oversee the company's global operations. Bryan will be based in Brisbane and serve as a member of the Executive Leadership Team.
"Bryan brings three decades of experience overseeing mine operations as well as sales and marketing," Jim Grech, Peabody President and Chief Executive Officer, said. "We welcome Bryan's expertise and strong leadership background as we continue to enhance our operations management team."
Bryan is a senior mining executive with more than 30 years' experience developing and managing large-scale open cut and underground coal and manganese mines in Australia, the Americas, and Africa. He joins Peabody from his most recent position as CEO of Aurelia Metals in Australia. Prior to this role, Bryan spent 25 years at BHP in a variety of capacities including mergers and acquisitions strategy, joint venture management, and mine management.
He holds an Honours Degree in Engineering (Mining) from the University of New South Wales.
Peabody is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit PeabodyEnergy.com.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Peabody Energy To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Peabody Energy between October 14, 2024 and May 4, 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]
New York, New York--(Newsfile Corp. - June 30, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Peabody Energy Corporation ("Peabody Energy" or the "Company") (NYSE: BTU) and reminds investors of the August 24, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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: Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Peabody Energy's Centurion mine and the multitude of issues causing delays to the ramp-up and the return to full longwall production dates. Such statements absent these material facts caused Plaintiff and other shareholders to purchase Peabody Energy's securities at artificially inflated prices.
On March 30, 2026, Peabody Energy issued a press release lowering guidance pertaining to Centurion mine's expected first quarter 2026 output, announcing that sales volume from the Centurion mine was expected to deliver approximately 250,000 tons in the first quarter due to "greater-than-anticipated mine commissioning challenges" (compared to previous estimates of around 700,000 tons). On this news, Peabody Energy's stock price fell $3.82, or approximately 9.7%, to close at $35.68 per share on March 30, 2026.
On May 5, 2026, Peabody Energy issued a press release disclosing the Company's failure to ramp-up Centurion by the long-awaited March 2026 deadline and cutting guidance related to full year met segment volumes to reflect the increased cost and substantial volume decrease, reducing the full year sales outlook for Centurion to 2.5 million tons compared to the original expectation of 3.5 million tons. On this news, Peabody Energy's stock price fell $1.52, or 5.7%, to close at $25.00 per share on May 5, 2026.
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 Peabody Energy's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Peabody Energy class action, go to www.faruqilaw.com/BTU 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 Peabody Energy Securities Class Action Lawsuit:
What is the Peabody Energy securities fraud lawsuit about?
The lawsuit alleges that Peabody Energy Corporation (NYSE: BTU) and certain of its officers and directors made materially false and misleading statements and/or concealed material adverse facts concerning the true condition of the Company's Centurion mine, including the nature and severity of issues allegedly causing delays to its ramp-up and return to full longwall production. The complaint alleges that, throughout the Class Period, defendants provided investors with overwhelmingly positive statements about the Centurion mine while purportedly withholding information about the multitude of operational challenges affecting it. These allegedly false and misleading statements are said to have caused investors to purchase Peabody Energy securities at artificially inflated prices. The inflation in the stock price allegedly began to correct when Peabody Energy disclosed, on March 30, 2026, that first quarter 2026 output from the Centurion mine was expected to reach only approximately 250,000 tons — well below prior estimates of approximately 700,000 tons — due to "greater-than-anticipated mine commissioning challenges," and further when the Company disclosed on May 5, 2026 that it had failed to ramp up the mine by its March 2026 deadline and cut its full-year sales outlook for Centurion from 3.5 million tons to 2.5 million tons.
Who may be eligible to participate in the lawsuit?
Investors who purchased or otherwise acquired Peabody Energy Corporation (NYSE: BTU) securities on the NASDAQ between October 14, 2024 and May 4, 2026, inclusive, may be eligible to participate in this lawsuit as members of the proposed class. Eligibility to participate is not limited to investors who seek appointment as lead plaintiff; any qualifying class member may share in any recovery that may ultimately be obtained. Investors who purchased Peabody Energy securities during the Class Period and suffered losses are encouraged to review their transaction records to determine whether they fall within the defined class. Participation in a class action does not require that an investor take any individual legal action or incur separate legal fees to potentially benefit from any recovery achieved on behalf of the class.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff is a court-appointed representative who acts on behalf of all class members in directing the litigation, including making key decisions regarding litigation strategy and the selection of lead counsel. Any class member who purchased Peabody Energy securities during the Class Period and suffered a loss may move the court for appointment as lead plaintiff, and courts typically appoint the movant with the largest financial interest in the outcome of the litigation who otherwise satisfies applicable legal requirements. The deadline to file a motion seeking appointment as lead plaintiff is August 24, 2026. Importantly, investors are not required to seek appointment as lead plaintiff in order to participate in the class and share in any recovery that may result from the litigation — class members who do not serve as lead plaintiff retain the ability to benefit from any settlement or judgment.
What should investors do if they purchased Peabody Energy stock during the Class Period?
Investors who purchased Peabody Energy Corporation (NYSE: BTU) securities between October 14, 2024 and May 4, 2026, inclusive, are encouraged to promptly review their brokerage records and account statements to confirm the dates and prices at which they acquired and, if applicable, sold their shares. Investors should take steps to preserve all relevant documentation, including transaction confirmations, account statements, and any communications relating to their Peabody Energy holdings, as such records may be relevant to establishing eligibility and calculating losses. Given that the lead plaintiff motion deadline is August 24, 2026, investors wishing to be considered for appointment as lead plaintiff should act well in advance of that date. Investors may wish to consult with Faruqi & Faruqi, LLP or other qualified securities counsel to evaluate their legal rights and options before the deadline.
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 Peabody Energy 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303494
Source: Faruqi & Faruqi LLP
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PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA, ASX: AAI) (“Alcoa” or the “Company”) today announced that it has entered into a definitive agreement to acquire South32 Limited's (ASX: S32, LSE: S32.L, JSE: S32) (“South32”) interests in bauxite mine, alumina refinery and aluminum smelter operations in a cash and stock transaction for an upfront consideration of approximately $4.1 billion. The transaction represents an implied enterprise value of approximately $4.7 billion when includin.
PANAMA CITY BEACH, Fla.--(BUSINESS WIRE)--The St. Joe Company (NYSE: JOE) (“St. Joe” or the “Company”) announces the highly anticipated opening of elevated and new-to-market retailers at Watersound Town Center, the Company’s growing open-air lifestyle center located at the entrance to the Watersound Origins® community in Inlet Beach, Florida. National and regional brands including FP Movement, Hemline, Monkee’s and Sunset Shoes & Lifestyles recently opened their doors, with Johnnie-O expected to follow later this summer. To meet growing demand from other national apparel brand stores, two additional buildings are planned to break ground this year at Watersound Town Center. Retailers planned for these buildings will be announced in the near future.
“We’re excited to welcome retailers of this stature and celebrate what their openings represent for the future of Watersound Town Center,” said William Brock, St. Joe Vice President of Commercial Real Estate. “Established brands like these are deliberate in their site selection process. Their decision to invest in this Center is a strong validation of our market and contributes to the continued momentum occurring here.”
The recent activity at Watersound Town Center extends beyond apparel retail. Jersey Mike’s Subs and Lagree 30A have opened, expanding dining and wellness offerings, while national homebuilder Fischer Homes has opened an office and showroom. Art-of-Fact(s) has also joined the lifestyle center’s growing collection of businesses, offering curated home décor, gifts and artwork.
“The recent openings bring new energy and consumer traffic to Watersound Town Center and continue to create the vibrant shopping and dining experience we envision,” said Rebecca Waters, St. Joe Director of Commercial Sales and Leasing. “Our team remains committed to thoughtfully growing the tenant mix and creating a destination that will continue to evolve alongside the community and broader region it serves.”
Watersound Town Center currently features approximately 160,000 square feet of retail, restaurant, service and office space and is 98% leased. Plans call for the center to grow to approximately 400,000 square feet. Supporting that growth, the nearby Watersound Origins, Watersound Camp Creek® and Watersound Origins Crossings® residential communities continue to expand, with more than 1,700 completed homes, townhomes and apartment units and additional homesites in various stages of development. For more information about current businesses and leasing opportunities, visit www.watersoundtowncenter.com
Important Notice Regarding Forward-Looking Statements
This press release contains “forward-looking statements,” within the meaning of Section 21E of the Exchange Act, including statements regarding future development in Watersound Town Center. These forward-looking statements are qualified in their entirety by cautionary statements and risk factors set forth in St. Joe’s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent current report filings as well as (1) the ability of Watersound Town Center to complete the proposed construction as currently contemplated and (2) the interest of prospective tenants and customers of Watersound Town Center and homeowners and residents in the Watersound Origins, Watersound Camp Creek and Watersound Origins Crossings communities.
About The St. Joe Company
The St. Joe Company is a diversified real estate development, asset management and operating company with real estate assets and operations in Northwest Florida. The Company intends to use existing assets for residential, hospitality and commercial ventures. St. Joe has significant residential and commercial land-use entitlements. The Company actively seeks higher and better uses for its real estate assets through a range of development activities. More information about the Company can be found on its website at www.joe.com.
Progress Software (PRGS - Free Report) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.4 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +8.97%. A quarter ago, it was expected that this business software maker would post earnings of $1.57 per share when it actually produced earnings of $1.6, delivering a surprise of +1.91%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Progress Software, which belongs to the Zacks Computer - Software industry, posted revenues of $253.47 million for the quarter ended May 2026, surpassing the Zacks Consensus Estimate by 4.87%. This compares to year-ago revenues of $237.35 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Progress Software shares have lost about 21.2% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Progress Software?While Progress Software has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Progress Software was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.45 on $249.35 million in revenues for the coming quarter and $5.98 on $992.23 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Software is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Cadence Design Systems (CDNS - Free Report) , has yet to report results for the quarter ended June 2026.
This maker of hardware and software products for validating chip designs is expected to post quarterly earnings of $2.05 per share in its upcoming report, which represents a year-over-year change of +24.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Cadence Design Systems' revenues are expected to be $1.58 billion, up 23.6% from the year-ago quarter.
Truist Financial Corporation receives a Sell rating due to underwhelming total return despite offering the highest current yield among peers. All three TFC $25 par preferreds—Series I, O, and R—are non-cumulative, BBB- rated, past call, and offer yields between 6.2% and 6.5%. Preferred dividend coverage is robust at 16.6x net income, and common equity coverage of preferred par is a strong 12x.
HARTFORD, Conn. and BOSTON, June 30, 2026 (GLOBE NEWSWIRE) -- Eversource Energy (NYSE:ES) (“Eversource”) today announced that it has successfully completed the sale of Aquarion Water Company (“AWC”), consistent with all regulatory terms and requirements, to Aquarion Water Authority (“AWA”), a quasi-public corporation and political subdivision of the State of Connecticut and a standalone water authority alongside the South Central Connecticut Regional Water Authority (“RWA”). The total transaction purchase price was $2.4 billion cash. The adjusted net equity proceeds of approximately $1.7 billion will be used to displace Eversource debt, delivering on our commitment to strengthen the Eversource balance sheet.
On January 27, 2025, Eversource entered a definitive agreement to sell AWC to AWA. The sale was approved by the Connecticut Public Utilities Regulatory Authority on March 25, 2026.
“We are pleased to close this transaction, which is a key piece of our commitment to further strengthen our balance sheet and credit profile,” said Eversource Executive Vice President, Chief Financial Officer and Treasurer John Moreira. “The sale of Aquarion constitutes a significant milestone in furthering our strategic position as a pure-play regulated pipes and wires utility, allowing us to optimize our portfolio by focusing on our core electric and natural gas operations across New England while efficiently reinvesting capital for the benefit of our customers. As we continue to collaborate with stakeholders across our service territories in Connecticut, Massachusetts and New Hampshire to deliver cost-effective solutions that ensure safe, reliable electric and natural gas service for our customers, we are confident that Aquarion’s operational success, sound management and financial stewardship will continue under the new authority model – benefitting residents, businesses and communities for years to come.”
As a result of the sale, Eversource expects to recognize an after-tax non-cash non-recurring charge of approximately $115 million, or $0.31 per share, in the second quarter of 2026. The Company's revised 2026 non-GAAP guidance of $4.57 per share to $4.72 per share includes the impact of the absence of Aquarion earnings. The Company continues to expect that its cumulative long-term earnings per share growth rate would be within the range of 5 to 7 percent through 2030, using the adjusted 2026 non-GAAP earnings guidance mid-point of $4.65 per share as the base year. The Company expects annual earnings growth towards the upper half of its long-term guidance by 2028.
Citi and Morgan Stanley & Co. LLC served as financial advisors to Eversource Energy. Ropes & Gray LLP served as legal counsel to Eversource Energy.
This release includes financial measures that are not recognized under generally accepted accounting principles (non-GAAP) referencing earnings and EPS excluding the loss on sale of the Aquarion water distribution business and excluding a charge for the March 2026 FERC decision in the FERC base ROE complaints. EPS by business is also a non-GAAP financial measure and is calculated by dividing the Net Income Attributable to Common Shareholders of each business by the weighted average diluted Eversource Energy common shares outstanding for the period. The earnings and EPS of each business do not represent a direct legal interest in the assets and liabilities of such business but rather represent a direct interest in Eversource Energy’s assets and liabilities as a whole. Eversource Energy uses these non-GAAP financial measures to evaluate and provide details of earnings results by business and to more fully compare and explain results without including these items. This information is among the primary indicators management uses as a basis for evaluating performance and planning and forecasting of future periods. Management believes the loss on sale of the Aquarion water distribution business and the charge for the March 2026 FERC decision in the FERC base ROE complaints are not indicative of Eversource Energy’s ongoing costs and performance. Management views these charges as not directly related to the ongoing operations of the business and therefore not indicators of baseline operating performance. Due to the nature and significance of the effect of these items on Net Income Attributable to Common Shareholders and EPS, management believes that the non-GAAP presentation is a more meaningful representation of Eversource Energy’s financial performance and provides additional and useful information to readers of this report in analyzing historical and future performance of the business. These non-GAAP financial measures should not be considered as alternatives to reported Net Income Attributable to Common Shareholders and EPS determined in accordance with GAAP as indicators of Eversource Energy's operating performance. Eversource Energy does not provide a reconciliation of guidance from non-GAAP recurring earnings or non-GAAP recurring EPS to the most directly comparable GAAP measure because it is not able to predict with reasonable certainty the amount or nature of all items that will be included in Net Income Attributable to Common Shareholders or recurring EPS for the year ending December 31, 2026. These items are uncertain, depend on many factors and could have a material impact on Net Income Attributable to Common Shareholders and recurring EPS for the year ending December 31, 2026, and therefore cannot be made available without unreasonable effort.
This release also includes statements concerning Eversource Energy’s expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial performance or growth and other statements that are not historical facts. These statements are “forward-looking statements” within the meaning of the U.S. federal securities laws. Generally, readers can identify these forward-looking statements through the use of words or phrases such as “estimate,” “expect,” “pending,” “anticipate,” “intend,” “plan,” “project,” “believe,” “forecast,” “would,” “should,” “could” and other similar expressions. Forward-looking statements involve risks and uncertainties that may cause actual results or outcomes to differ materially from those included in the forward-looking statements. Forward-looking statements are based on the current expectations, estimates, assumptions or projections of management and are not guarantees of future performance. These expectations, estimates, assumptions or projections may vary materially from actual results. Accordingly, any such statements are qualified in their entirety by reference to, and are accompanied by, the following important factors that may cause our actual results or outcomes to differ materially from those contained in our forward-looking statements, including, but not limited to: cyber events or breaches, including acts of war or terrorism, affecting our systems or the systems of third parties on which we rely, unauthorized access to, and the misappropriation of, confidential and proprietary Company, customer, employee, financial or system operating information; actions or inaction of local, state and federal regulatory, public policy and taxing bodies; changes in laws, regulations, Presidential executive orders or regulatory policy, including compliance with laws and regulations, which may impact the cost of compliance and strategic initiatives of the Company; adverse publicity, which can harm our reputation, influence legislative and regulatory bodies, and result in unfavorable outcomes; variability in the costs and final investment returns of the Revolution Wind and South Fork Wind offshore wind projects as it relates to the purchase price post-closing adjustment under the terms of the sale agreement for these projects; the ability to qualify for investment tax credits; extreme weather, including severe storms, due to the impacts of climate change, and fluctuations in weather patterns; physical attacks or grid disturbances that may damage and disrupt our electric transmission and electric and natural gas distribution systems; ability or inability to commence and complete our major strategic development projects and opportunities; breakdown, failure of, or damage to operating equipment, information technology systems, or processes of our transmission and distribution systems; changes in levels or timing of capital expenditures, including unplanned expenditures and increased capital expenditure requirements; changes in business conditions, which could include disruptive technology or development of alternative energy sources related to our current or future business model; substandard performance of third-party suppliers and service providers, or counterparties not meeting their obligations; limits on our access to, or increases in, the cost of capital, including disruptions in the capital markets or other events that make our access to necessary capital more difficult or costly; changes in economic conditions, including impact on interest rates, tax policies, tariffs and customer demand and payment ability; changes in accounting standards and financial reporting regulations; actions of rating agencies, and other presently unknown or unforeseen factors.
Other risk factors are detailed in Eversource Energy’s reports filed with the Securities and Exchange Commission (“SEC”). They are updated as necessary and available on Eversource Energy’s website at investors.eversource.com and on the SEC’s website at www.sec.gov and management encourages you to consult such disclosures.
All such factors are difficult to predict and contain uncertainties that may materially affect Eversource Energy’s actual results, many of which are beyond our control. You should not place undue reliance on the forward-looking statements, as each speaks only as of the date on which such statement is made, and, except as required by federal securities laws, Eversource Energy undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time and it is not possible for us to predict all of such factors, nor can we assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
Eversource (NYSE: ES), celebrated as a national leader for its commitment to sustainability and corporate citizenship, is named among America’s Most Responsible Companies by Newsweek for 2026 and recognized as the #1 utility on USA Today’s list of America’s Climate Leaders for 2025. Eversource transmits and delivers electricity and natural gas to approximately 4 million customers in Connecticut, Massachusetts and New Hampshire. The #1 Energy Efficiency Provider in the Nation, Eversource harnesses the commitment of more than 10,500 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service. The company is empowering a clean energy future in the Northeast, with nationally recognized energy efficiency solutions and successful programs to integrate new clean energy resources like a first-in-the-nation networked geothermal pilot project, solar, offshore wind, electric vehicles and battery storage, into the electric system. For more information, please visit eversource.com, and follow us on X, Facebook, Instagram, and LinkedIn. For more information on our water services, visit aquarionwater.com.
CONTACT:
Investor Relations:
Rima Hyder
781-441-8882 [email protected]
HomeIndustriesMediaComcast says splitting its cable and broadband business from NBCUniversal will unlock value for both businesses — but media spinoffs historically have resulted in mixed outcomesJune 30, 2026, 5:42 p.m. ET
Both Comcast and NBCUniversal are “mature, healthy businesses,” according to mergers and corporate-finance expert Doron Levit. Photo: Getty ImagesThere is compelling strategic logic behind Comcast’s move to spin off NBCUniversal into a separate company — but whether it will ultimately deliver value for shareholders is an open question.
While investors have largely cheered Comcast’s decision to break apart its media properties and its broadband business, the historical performance of similar kinds of media spinoffs has been mixed at best.
CNBC's Jim Cramer on Tuesday offered up a straightforward framework for Wall Street's current approach to the artificial intelligence trade.
"Wall Street's now rewarding tech companies with products in high demand and punishing their customers," the "Mad Money" host said.
The shift comes as the "Magnificent Seven" collectively shed roughly $2.3 trillion in market value during the month of June as investors questioned whether the group's enormous AI spending will ultimately generate enough earnings and free cash flow to justify their decisions. The Mag 7 consists of Apple, Google parent Alphabet, Amazon, Microsoft, Meta, Nvidia and Tesla.
The biggest spenders on AI data centers in the group are Amazon, Alphabet, Microsoft and Meta. Now, Cramer said these so-called hyperscalers have become victims of their own AI ambitions. The companies have the financial resources to keep pouring billions into AI, Cramer said, but demand for compute infrastructure has outstripped supply, driving up the cost of critical components such as memory chips and networking equipment. That dynamic, Cramer said, has rewarded the companies selling the picks and shovels of the AI boom rather than the companies footing the bill.
"The biggest gainers are the exact opposite of the Magnificent Seven," he said. "They make products that are in short supply, with demand that's off the charts."
Nvidia fits the bill as a key supplier of AI compute, but Cramer said the stock has fallen into the laggard camp due in large part to concerns about custom chip competition.
Cramer pointed to memory chipmakers Micron and Sandisk, along with Intel, Marvell Technology, and AMD, as some of the second quarter's biggest winners. He said the supply-demand imbalance has fueled strong earnings growth and a steady stream of analyst upgrades and price target hikes across the group.
Among the group, Cramer singled out Intel as his new favorite stock. He credited CEO Lip-Bu Tan with revitalizing the chipmaker, and said Intel is well-positioned to benefit from rising demand for CPUs, advanced chip packaging and domestic semiconductor manufacturing. Cramer's Charitable Trust, the portfolio run by CNBC's Investing Club, owns Intel shares.
"It's a national treasure," he said.
While Cramer said the Club continues own six of the Mag 7 constituents — Tesla is the exception — he thinks the suppliers will continue to benefit as long as demand for AI infrastructure outpaces supply.
"Some of you may think that's unfair ... but the market has spoken and I don't know if it'll learn another language next quarter, let alone the rest of the year," he said.
DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) announced today that it will host an investor conference call featuring incoming Chief Executive Officer, Jay Adair, on Monday, July 6, 2026 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).
The conference call will provide investors with an opportunity to hear directly from Mr. Adair regarding his appointment, leadership priorities, and perspective on Copart’s long-term strategy. Following prepared remarks, Mr. Adair will participate in a live question-and-answer session.
The call will be webcast live and available for access by clicking "Listen Here" at www.copart.com/investorrelations. A replay of the call will be available through October 2026 at www.copart.com/investorrelations.
About Copart
Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platforms connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/register.
Cautionary Note About Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the “Management’s Discussion and Analysis” and the other risks identified in Copart’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf.
SEATTLE--(BUSINESS WIRE)-- #classaction--Hagens Berman, along with its co-counsel The Miller Law Firm, today filed a consumer-protection lawsuit alleging Lululemon collected hundreds of millions of dollars from customers through price increases tied to since-invalidated tariffs.The lawsuit, filed June 30, 2026, in the U.S. District Court for the Western District of Washington, alleges that beginning in February 2025, when the Trump administration imposed tariffs on imported goods under the International Emerge.
On June 30, 2026, Vertiv Holdings Co (VRT) shares rose 9.1% to a current price of $334.82, reflecting a strong performance in the market. Over the past year, th
ENGLEWOOD, Colo., June 30, 2026 (GLOBE NEWSWIRE) -- Innospec Inc. (NASDAQ: IOSP), a global specialty chemicals company, has published its 2025 Sustainability Report, highlighting measurable progress across environmental performance, safety, innovation, and responsible business practices, while maintaining disciplined execution and strong cash generation.
Patrick S. Williams, President and Chief Executive Officer, said:
“Innospec continues to build a sustainable business that delivers world-class technologies and customer service in the global markets we serve. We remain focused on targeted investment and actions that drive innovation, improve efficiency, reduce environmental impact and support our customers’ priorities. We enter 2026 excited by the prospects for continued improvement in all businesses.”
Key highlights from the 2025 report include:
A 6% reduction in total employee and contractor accidents and a 96% reduction in the quantity released from loss-of-containment events.A 34% reduction in absolute Scope 1 and 2 greenhouse gas emissions since baseline year 2014, alongside a 13% reduction in Scope 3 emissions since 2022.Fuel Specialties additives delivering emissions-related benefits equivalent to 21.6 million metric tonnes of CO₂e, a 3.7% improvement from 2024.All manufacturing sites continued to procure 100% renewable electricity.Third-party verification of Innospec’s product carbon footprint (PCF) methodology assessments, covering more than 200 products across all three business units.US$51 million spent on Research and Technology in 2025, driving a 17% increase in total patent filings.A total social value of $854,000 delivered in 2025, benefiting 118 global charities and good causes local to our operations.Celebrating 10 years of the Innospec Cares program, with over $1.88 million raised and 4,864 volunteering hours contributed since its launch in 2016.$2.67 million raised for the PenFed Foundation Military Heroes program since 2007.Employees completed more than 139,000 hours of career development training, averaging 57 hours per employee. To learn more about Innospec’s sustainability programs and accomplishments, please read the 2025 Sustainability Report by visiting: https://innospecsustainability.com/2025-sustainability-report-released/
About Innospec Inc.
Innospec Inc. is an international specialty chemicals company with approximately 2,450 employees in 22 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The Performance Chemicals business creates innovative technology-based solutions for our customers in the Personal Care, Home Care, Agrochemical, Mining and Industrial markets. The Fuel Specialties business specializes in manufacturing and supplying fuel additives that improve fuel efficiency, boost engine performance and reduce harmful emissions. Oilfield Services provides specialty chemicals to all elements of the oil and gas exploration and production industry.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Such forward-looking statements include statements (covered by words like “expects,” “estimates,” “anticipates,” “may,” “could,” “believes,” “feels,” “plans,” “intends,” “outlook” or similar words or expressions, for example) which relate to earnings, growth potential, operating performance, events or developments that we expect or anticipate will or may occur in the future. Although forward-looking statements are believed by management to be reasonable when made, they are subject to certain risks, uncertainties and assumptions, and our actual performance or results may differ materially from these forward-looking statements. Additional information regarding risks, uncertainties and assumptions relating to Innospec and affecting our business operations and prospects are described in Innospec’s Annual Report on Form 10-K for the year ended December 31, 2025 and other reports filed with the U.S. Securities and Exchange Commission. You are urged to review our discussion of risks and uncertainties that could cause actual results to differ from forward-looking statements under the heading "Risk Factors” in such reports. Innospec undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
On June 30, 2026, Amphenol Corp (APH) shares rose 6.0% to a current price of $176.32, continuing a strong performance over the past year with a 79.8% increase.
June 30, 2026 18:01 ET | Source: Diamondback Energy, Inc.
MIDLAND, Texas, June 30, 2026 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release second quarter 2026 financial results on August 3, 2026 after the market closes.
In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2026 on Tuesday, August 4, 2026 at 8:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Diamondback’s website at www.diamondbackenergy.com under the “Investor Relations” section of the site.
About Diamondback Energy, Inc.
Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com.
, /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced the results of the special meeting of the members of Everett Cash Mutual Insurance Co. ("ECM") held this morning at which members approved, among other matters, the conversion of ECM from a mutual insurance company to a stock insurance company named ECM Insurance Company and the acquisition of ECM Insurance Company and its subsidiaries (the "ECM Group") by Old Republic. In addition, Old Republic completed its offering of shares of its common stock for cash on a subscription basis to certain of the ECM members, employees, and non-employee directors. Old Republic received subscriptions of approximately $25 million through the sale of shares at a purchase price of $25.80 per share, which represented a 35.0% discount to the volume-weighted average trading price of $39.70 for the 10-trading day period ending June 29, 2026.
Pursuant to the terms of the Plan of Conversion, upon the filing of ECM's amended and restated articles of incorporation with the Secretary of State of the Commonwealth of Pennsylvania on July 1, 2026, Old Republic will deliver up to approximately 956 thousand shares of its common stock, which represents the maximum number of shares to be sold in the offering, and complete its acquisition of the ECM Group.
Old Republic President & CEO Craig R. Smiddy commented, "We are excited to welcome the ECM Group and its employees and customers to Old Republic. ECM has built a strong reputation over many decades serving the commercial agricultural market with deep expertise and a commitment to disciplined underwriting. Those attributes are at the core of our specialty strategy, and we are excited about the opportunities ahead as we work together to build on that foundation."
About Old Republic
Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500®, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies offer significant expertise in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.
At Old Republic:
At Financial Relations Board:
Craig R. Smiddy: President and Chief Executive Officer
Toronto, Ontario--(Newsfile Corp. - June 30, 2026) - Theralase® Technologies Inc. (TSXV: TLT) (OTCQB: TLTFF) ("Theralase®" or the "Company"), a clinical stage pharmaceutical company dedicated to the research and development of energy-activated small molecules for the safe and effective destruction of cancer, bacteria and viruses, is pleased to announce that it has filed and obtained a receipt for a final base shelf prospectus dated June 29, 2026 ("Prospectus") with the securities regulatory authorities in all provinces and territories of Canada.
The Prospectus will allow Theralase® to offer up to C$100 Million of common shares, warrants, subscription receipts, debt securities or any combination thereof (collectively, the "Securities"), over a 25-month period.
Roger DuMoulin-White, BSc, P.Eng, Pro.Dir, President and Chief Executive Officer of Theralase®, stated, "The approval of the Prospectus represents an important milestone for the Company, providing up to C$100 Million of capital, if and when required, to fund the commercial development of various cancer, virus and bacteria platforms. Access to capital markets, as opportunities arise, supports our corporate strategy of simultaneously advancing numerous, value-driven strategic initiatives; including, our pivotal non-muscle invasive bladder cancer clinical program, our pipeline of various oncological conditions and the continued development of our pharmaceutical platform. The Company believes that maintaining access to flexible financing will support its ongoing efforts to create long-term shareholder value, through successful achievement of key clinical, regulatory and commercial milestones."
Any future offering under the Prospectus will be made by way of a Prospectus supplement containing specific terms of the offering and will be filed with the applicable securities regulatory authorities. The Company has no present intention to offer the Securities pursuant to the Prospectus.
For a copy of the Prospectus, please refer to the Company's SEDAR+ profile at www.sedarplus.ca.
About Theralase® Technologies Inc.:
Theralase® is a clinical stage pharmaceutical company dedicated to the research and development of energy-activated small molecules for the safe and effective destruction of cancer, bacteria and viruses.
Additional information is available at www.theralase.com and www.sedarplus.ca.
Forward-Looking Statements
This news release contains Forward-Looking Statements ("FLS") within the meaning of applicable Canadian securities laws. Such statements include; but, are not limited to statements regarding the Company's proposed development plans with respect to small molecules and their drug formulations. FLS may be identified by the use of the words "may, "should", "will", "anticipates", "believes", "plans", "expects", "estimate", "potential for" and similar expressions; including, statements related to the current expectations of the Company's management regarding future research, development and commercialization of the Company's small molecules; their drug formulations; preclinical research; clinical studies and regulatory approvals.
These statements involve significant risks, uncertainties and assumptions; including, the ability of the Company to fund and secure regulatory approvals to successfully complete various clinical studies in a timely fashion and implement its development plans. Other risks include: the ability of the Company to successfully commercialize its small molecule and drug formulations; access to sufficient capital to fund the Company's operations is available on terms that are commercially favourable to the Company or at all; the Company's small molecule and formulations may not be effective against the diseases tested in its clinical studies; the Company fails to comply with the terms of license agreements with third parties and as a result loses the right to use key intellectual property in its business; the Company's ability to protect its intellectual property; the timing and success of submission, acceptance and approval of regulatory filings. Many of these factors that will determine actual results are beyond the Company's ability to control or predict.
Readers should not unduly rely on these FLS, which are not a guarantee of future performance. There can be no assurance that FLS will prove to be accurate as such FLS involve known and unknown risks, uncertainties and other factors which may cause actual results or future events to differ materially from the FLS.
Although the FLS contained in the press release are based upon what management currently believes to be reasonable assumptions, the Company cannot assure prospective investors that actual results, performance or achievements will be consistent with these FLS.
All FLS are made as of the date hereof and are subject to change. Except as required by law, the Company assumes no obligation to update such FLS.
For investor information on the Company, please feel to reach out Investor Inquiries - Theralase Technologies.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303567
Source: Theralase Technologies Inc.
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