Track market-moving stories before they get noisy

ABN Amro Investment Solutions grew its holdings in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 52.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,104 shares of the pipeline company’s stock after buying an additional 65,005 shares during the period. ABN Amro Investment Solutions’ holdings in Kinder Morgan were worth $6,014,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $1,132,125,000. AQR Capital Management LLC boosted its position in Kinder Morgan by 431.9% during the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after purchasing an additional 5,333,986 shares during the period. Merewether Investment Management LP bought a new position in Kinder Morgan during the second quarter worth $138,477,000. Zimmer Partners LP increased its holdings in shares of Kinder Morgan by 177.8% in the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock valued at $171,845,000 after purchasing an additional 3,885,000 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Kinder Morgan in the fourth quarter valued at $85,364,000. 62.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets
In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the transaction, the vice president owned 164,208 shares in the company, valued at approximately $5,238,235.20. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This trade represents a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 15,432 shares of company stock worth $493,849. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Price Performance
KMI stock opened at $32.14 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The firm has a market cap of $71.57 billion, a P/E ratio of 20.60, a P/E/G ratio of 2.57 and a beta of 0.54. The company’s 50-day moving average price is $31.97 and its two-hundred day moving average price is $32.23.

Kinder Morgan (NYSE:KMI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.54 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 76.28%.

Analysts Set New Price Targets
KMI has been the subject of a number of research reports. Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. UBS Group reiterated a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research note on Monday, June 15th. Morgan Stanley set a $38.00 price target on shares of Kinder Morgan in a report on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating on shares of Kinder Morgan in a research report on Thursday, July 23rd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $35.50.

Check Out Our Latest Stock Analysis on Kinder Morgan

Kinder Morgan Profile
(Free Report)

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

Read More

Five stocks we like better than Kinder Morgan
Asian Market Circuit Breakers Hit Stocks, Not AI Demand
Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal

Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.

Posted by Defense World Staff on Aug 14th, 2026

Benjamin Edwards Inc. increased its position in Hershey Company (The) (NYSE:HSY – Free Report) by 9.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,869 shares of the company’s stock after buying an additional 3,493 shares during the period. Benjamin Edwards Inc.’s holdings in Hershey were worth $6,821,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Hershey by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 19,067,235 shares of the company’s stock valued at $3,469,855,000 after purchasing an additional 191,671 shares in the last quarter. Capital International Investors raised its holdings in Hershey by 1.9% during the fourth quarter. Capital International Investors now owns 9,106,431 shares of the company’s stock valued at $1,657,189,000 after buying an additional 169,660 shares in the last quarter. State Street Corp lifted its position in shares of Hershey by 1.8% in the third quarter. State Street Corp now owns 7,253,041 shares of the company’s stock worth $1,356,681,000 after buying an additional 128,982 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Hershey by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,315,653 shares of the company’s stock worth $967,343,000 after buying an additional 124,464 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Hershey by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,831,101 shares of the company’s stock worth $876,434,000 after acquiring an additional 104,024 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Hershey Stock Up 0.9% NYSE HSY opened at $185.97 on Friday. Hershey Company has a twelve month low of $161.43 and a twelve month high of $239.48. The stock has a market cap of $37.37 billion, a PE ratio of 25.41, a PEG ratio of 1.12 and a beta of 0.11. The firm has a 50-day simple moving average of $177.65 and a 200 day simple moving average of $195.79. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.66 and a current ratio of 1.18.

Hershey (NYSE:HSY – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.47. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.63 billion. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 EPS. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. On average, research analysts forecast that Hershey Company will post 8.49 EPS for the current year.

Hershey Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $1.452 dividend. The ex-dividend date is Friday, August 14th. This represents a $5.81 dividend on an annualized basis and a dividend yield of 3.1%. Hershey’s payout ratio is 79.37%.

Analysts Set New Price Targets A number of research analysts have recently commented on HSY shares. Mizuho lowered their price objective on Hershey from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, May 20th. UBS Group upped their target price on Hershey from $190.00 to $198.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Bank of America lowered their price target on Hershey from $220.00 to $200.00 and set a “neutral” rating on the stock in a report on Thursday, June 25th. Jefferies Financial Group set a $190.00 price target on shares of Hershey in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group set a $240.00 price objective on shares of Hershey in a research note on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $203.61.

View Our Latest Stock Analysis on HSY

Insider Activity at Hershey In related news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $170.00, for a total transaction of $255,000.00. Following the sale, the chief financial officer directly owned 53,195 shares in the company, valued at $9,043,150. This represents a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by insiders.

Hershey Company Profile (Free Report)

The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.

Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.

Read More Five stocks we like better than Hershey Asian Market Circuit Breakers Hit Stocks, Not AI Demand Riot Platforms Re-Wires the Ledger for a $9B AI Power Play Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy? Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hershey Company (The) (NYSE:HSY – Free Report).

Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINECalifornia Resources Corporation $CRC Shares Purchased by Bank of America Corp DE

NEXT HEADLINE »Best Manufacturing Stocks To Watch Today – August 12th

Posted by Defense World Staff on Aug 14th, 2026

Banco Santander S.A. bought a new stake in Dominion Energy Inc. (NYSE:D – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,680 shares of the utilities provider’s stock, valued at approximately $1,959,000.

Other hedge funds have also made changes to their positions in the company. Motiv8 Investments LLC purchased a new stake in shares of Dominion Energy in the 4th quarter worth about $25,000. Blueline Advisors LLC purchased a new stake in shares of Dominion Energy in the fourth quarter valued at $28,000. Triumph Capital Management purchased a new stake in shares of Dominion Energy in the third quarter valued at $28,000. Costello Asset Management INC boosted its stake in shares of Dominion Energy by 66.7% during the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC purchased a new stake in Dominion Energy in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.7% D stock opened at $68.55 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The firm has a 50 day simple moving average of $69.05 and a 200-day simple moving average of $65.33. The company has a market capitalization of $60.29 billion, a P/E ratio of 23.88 and a beta of 0.65. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $72.99.

Dominion Energy (NYSE:D – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities research analysts predict that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, September 4th. This represents a $2.67 annualized dividend and a yield of 3.9%. Dominion Energy’s dividend payout ratio is presently 93.03%.

Analyst Upgrades and Downgrades A number of research analysts have weighed in on D shares. Morgan Stanley reduced their price target on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. Weiss Ratings upgraded shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Truist Financial cut their price objective on Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Barclays dropped their price objective on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $68.00.

Read Our Latest Stock Analysis on D

Dominion Energy News Roundup Here are the key news stories impacting Dominion Energy this week:

Positive Sentiment: Data-center demand supports long-term growth. Virginia’s expanding data-center sector is increasing electricity demand and could provide Dominion with additional load growth and investment opportunities. The Virginia State Corporation Commission also ordered certain transmission costs to be assigned directly to data centers, potentially limiting the burden on other customers and Dominion’s broader rate base. Why Is Dominion Energy in Focus as Data Center Demand Grows Today? Dominion ordered to directly assign some transmission costs to data centers Positive Sentiment: Lake Murray dam restoration is complete. Dominion completed tower upgrades and restoration work at the Saluda Hydroelectric Project, a favorable infrastructure milestone that may improve asset reliability and reduce execution uncertainty. Temporary boating restrictions remain around the dam as final safety measures are completed. Dominion Energy completes Lake Murray Dam restoration project Neutral Sentiment: Dominion rejected claims regarding Ashburn power lines. The company denied allegations that it ignored an alternative plan, keeping attention on its Virginia transmission development and stakeholder disputes without an immediate financial impact. Dominion denies Congressman’s claims about Ashburn power lines Negative Sentiment: Fuel-cost requests could increase customer bills. Dominion is seeking approval in North Carolina to recover higher fuel costs, potentially adding roughly $23 per month for some customers. Although recovery could protect cash flow, higher bills may create political and regulatory resistance. Dominion seeks increase for fuel costs Negative Sentiment: Truist cut its price target and maintained a Hold rating. The target was reduced from $68 to $66, signaling limited near-term upside and adding pressure to the shares. Truist lowers Dominion Energy price target Negative Sentiment: Merger oversight remains contentious. Questions about potential conflicts involving the Virginia SCC chair’s review of the NextEra-Dominion merger could prolong regulatory scrutiny and increase uncertainty around the transaction. Concerns over Virginia SCC chair and NextEra-Dominion merger About Dominion Energy (Free Report)

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.

Recommended Stories Five stocks we like better than Dominion Energy Asian Market Circuit Breakers Hit Stocks, Not AI Demand Riot Platforms Re-Wires the Ledger for a $9B AI Power Play Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy? Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc. (NYSE:D – Free Report).

Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEReviewing Fidelis Insurance (PLGO) and Its Rivals

NEXT HEADLINE »Atria Investments Inc Sells 9,161 Shares of Realty Income Corporation $O

Posted by Defense World Staff on Aug 14th, 2026

Bank of America Corp DE raised its position in Landstar System, Inc. (NASDAQ:LSTR – Free Report) by 13.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,112 shares of the transportation company’s stock after purchasing an additional 29,595 shares during the period. Bank of America Corp DE owned about 0.74% of Landstar System worth $40,095,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. First Citizens Bank & Trust Co. grew its stake in Landstar System by 1.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 4,710 shares of the transportation company’s stock worth $755,000 after acquiring an additional 68 shares during the period. Petros Family Wealth LLC grew its position in shares of Landstar System by 4.9% in the first quarter. Petros Family Wealth LLC now owns 1,548 shares of the transportation company’s stock valued at $248,000 after purchasing an additional 73 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Landstar System by 29.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 342 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 78 shares during the period. SkyView Investment Advisors LLC increased its stake in Landstar System by 1.4% in the fourth quarter. SkyView Investment Advisors LLC now owns 6,388 shares of the transportation company’s stock valued at $918,000 after purchasing an additional 89 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Landstar System by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 6,987 shares of the transportation company’s stock worth $1,120,000 after buying an additional 91 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets In related news, CFO James P. Todd sold 1,200 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $218.17, for a total value of $261,804.00. Following the transaction, the chief financial officer owned 15,122 shares in the company, valued at approximately $3,299,166.74. The trade was a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Diana M. Murphy sold 11,246 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $221.28, for a total value of $2,488,514.88. Following the completion of the transaction, the director directly owned 18,853 shares of the company’s stock, valued at $4,171,791.84. This represents a 37.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.74% of the company’s stock.

Landstar System Trading Up 1.5% Shares of LSTR opened at $188.64 on Friday. Landstar System, Inc. has a 12 month low of $119.32 and a 12 month high of $228.46. The stock’s 50-day moving average is $202.64 and its two-hundred day moving average is $179.91. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market cap of $6.40 billion, a PE ratio of 48.87 and a beta of 0.90.

Landstar System (NASDAQ:LSTR – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a net margin of 2.64% and a return on equity of 20.84%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business earned $1.20 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. Equities analysts forecast that Landstar System, Inc. will post 5.82 earnings per share for the current fiscal year.

Landstar System announced that its board has initiated a stock repurchase plan on Tuesday, April 28th that authorizes the company to repurchase 1,115,195,000,000 outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Landstar System Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 18th will be issued a $0.44 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. This is an increase from Landstar System’s previous quarterly dividend of $0.40. Landstar System’s dividend payout ratio (DPR) is presently 41.45%.

Analyst Ratings Changes Several research analysts have recently weighed in on LSTR shares. Stephens upgraded shares of Landstar System to a “strong-buy” rating in a report on Wednesday, July 8th. Wall Street Zen raised shares of Landstar System from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Evercore set a $181.00 price target on shares of Landstar System in a report on Wednesday, April 29th. Robert W. Baird dropped their price objective on Landstar System from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group increased their target price on Landstar System from $147.00 to $168.00 and gave the stock a “sell” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $196.00.

Get Our Latest Research Report on LSTR

Key Stories Impacting Landstar System Here are the key news stories impacting Landstar System this week:

Positive Sentiment: Zacks Research raised earnings estimates across multiple periods, including FY2026 EPS to $5.61 from $5.45, FY2027 EPS to $7.22 from $6.88, and FY2028 EPS to $8.03 from $7.69. Quarterly forecasts were also increased, and Zacks maintained a “Strong-Buy” rating, signaling improved confidence in Landstar’s future profitability. Zacks Research estimate revisions Positive Sentiment: Landstar’s latest dividend increase reinforces its shareholder-return strategy. The company’s history of raising dividends is being viewed as evidence of financial strength and could appeal to income-focused investors. Should Investors Buy Landstar Stock Post Latest Dividend Hike? Neutral Sentiment: Landstar reported strong revenue growth in its most recent quarter, but earnings slightly missed estimates. Revenue rose 18.2% year over year to $1.43 billion, while EPS of $1.44 fell short of the $1.49 consensus. This mixed performance may limit the immediate upside from the bullish long-term forecasts. Negative Sentiment: Regulatory uncertainty remains a risk. A Seeking Alpha analysis argued that the Supreme Court’s decision to eliminate certain federal protections could expose Landstar to greater legal, operating or cost pressures, leading the author to assign the stock a “Hold” view rather than a more bullish rating. Landstar System: Why the Supreme Court’s Decision Makes It a Hold Landstar System Profile (Free Report)

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.

Featured Stories Five stocks we like better than Landstar System Asian Market Circuit Breakers Hit Stocks, Not AI Demand Riot Platforms Re-Wires the Ledger for a $9B AI Power Play Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy? Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal

Receive News & Ratings for Landstar System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEBank of America Corp DE Has $39.70 Million Position in DigitalBridge Group, Inc. $DBRG

NEXT HEADLINE »Bank of America Corp DE Increases Position in Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML

-

SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT) will join the S&P 500 index, effective prior to market open on Tuesday, August 18th. Its addition to the S&P 500 underscores Reddit’s value, sustained performance as a public company, and its 1-of-1 financial model, highlighted by a rare combination of growth and best-in-class profit and cash flow margins.

“We’re proud to be added to the S&P 500, recognizing the growth, momentum, and consistency we’ve established as a public company,” said Drew Vollero, Reddit’s Chief Financial Officer. “Reddit’s raw materials are special, and there is so much potential to continue building great products and scaling profitably. Our focus remains on executing against the many opportunities ahead.”

Reddit’s differentiated model is powered by deeply engaged communities and authentic human conversation. As one of the most visited websites in the U.S. and the world, Reddit plays an increasingly important role in the AI ecosystem as more people seek real information and human perspectives. Its platform is an ever-growing corpus of 26+ billion posts and comments that capture human experiences across nearly every topic.

Reddit’s inclusion in the S&P 500 is an off-cycle index change prompted by the acquisition of a current S&P 500 constituent. With this change, Reddit will be recognized as one of the ~500 largest and most influential public companies in the U.S., and is one of the fastest-growing companies in the S&P 500.

For more information on the S&P 500 Index and index reconstitution, please visit www.spdji.com.

About Reddit

Reddit is a community of communities. Built on shared interests and passions, it is home to the most open and authentic conversations online. Every day, millions of people post, vote, comment, and search for answers across nearly every topic imaginable, and brands build trusted relationships with their audiences. With 26+ billion posts and comments and more than 130 million daily active uniques, Reddit is one of the internet’s largest sources of information. Learn more at www.redditinc.com. The Reddit app is available on the App Store and Google Play.

About S&P Dow Jones Indices

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

More News From Reddit, Inc.

Back to Newsroom

Praha 14. 8. 2026 

POZVÁNKA (rovněž dostupná na webu společnosti: https://www.sab.cz/pro-investory)

představenstvo akciové společnosti

SAB Finance a.s.

se sídlem Praha 1, Staré Město, Na Příkopě 969/33, PSČ 110 00

zapsané v obchodním rejstříku vedeném Městským soudem v Praze, odd. B, vložka 16383

(dále jen „Společnost“)

svolává

v souladu s příslušnými ustanoveními zák. č. 90/2012 Sb., o obchodních společnostech a družstvech (zákon o obchodních korporacích), ve znění pozdějších předpisů (dále též „ZOK“),

a v souladu se stanovami

řádnou valnou hromadu Společnosti,

která se bude konat dne 18. 9. 2026 v 10:00 hodin

v sídle Společnosti, na adrese Na Příkopě 969/33, Staré Město, Praha 1, PSČ 110 00, vchod A

A. POŘAD JEDNÁNÍ VALNÉ HROMADY

1. Pověření představenstva ke zvýšení základního kapitálu úpisem nových akcií

2. Schválení významné transakce se spřízněnou stranou – úpis akcií

3. Schválení nabytí vlastních akcií

4. Změna stanov

5. Schválení významné transakce se spřízněnou stranou – úpis dluhopisů

B. NÁVRHY USNESENÍ VALNÉ HROMADY A JEJICH ZDŮVODNĚNÍ

1. Pověření představenstva ke zvýšení základního kapitálu úpisem nových akcií

Zdůvodnění: Valná hromada může dle § 511 odst. 1 ZOK, pověřit představenstvo ke zvýšení základního kapitálu Společnosti upisováním nových akcií, nejvýše však o jednu polovinu dosavadní výše základního kapitálu v době pověření. Navrhuje se zvýšení základního kapitálu Společnosti o částku 366 038 036,- Kč (tři sta šedesát šest milionů třicet osm tisíc třicet šest korun českých), která odpovídá souhrnu jmenovitých hodnot všech nově upisovaných akcií, tj. 943 397 kusů akcií. Při emisním kurzu 1 060 Kč/akcie tato emise představuje navýšení vlastního kapitálu o 1 000 000 820 Kč.

Navýšení kapitálu dle tohoto bodu umožní Společnosti další růst a plnění cílů zisku v souladu s finančním plánem a při plnění všech regulatorních kapitálových požadavků kladených na Společnost evropskou i českou regulací.

Získaný kapitál je určen především k rozvoji hlavních výdělečných činností Společnosti a k financování investičních příležitostí, které by Společnost bez posílení kapitálové základny nemohla využít. Cílem navýšení kapitálu je růst čistého zisku Společnosti, a tím i růst objemu prostředků, které mohou být v budoucnu rozděleny mezi akcionáře. Přednostní právo na upsání nových akcií zůstává tímto pověřením plně zachováno všem akcionářům Společnosti bez rozdílu. Každý akcionář tak bude mít možnost podílet se na zvýšení základního kapitálu v poměru odpovídajícím jeho dosavadní účasti a udržet si svůj podíl na základním kapitálu i hlasovacích právech Společnosti beze změny.

Emisní kurs jedné nově upisované akcie bude určen představenstvem Společnosti na základě tohoto pověření. Nejnižší možná výše, v jaké může být emisní kurs představenstvem určen, činí 1 060 Kč (jeden tisíc šedesát korun českých) na 1 kus akcie, přičemž rozdíl mezi jmenovitou hodnotou akcie (388 Kč) a emisním kursem bude tvořit emisní ážio (§ 248 odst. 1 ZOK), které bude vykázáno jako samostatná položka vlastního kapitálu Společnosti a bude také sloužit pro rozvoj jejich podnikatelských aktivit.

Valná hromada dle § 511 odst. 2 písm. b) ZOK musí v rámci tohoto bodu povinně rozhodnout i o tom, který orgán Společnosti rozhodne o ocenění nepeněžitého vkladu na základě posudku znalce. Navrhuje se, aby tímto orgánem bylo při případném splnění povinnosti splatit emisní kurs vnesením nepeněžitého vkladu představenstvo Společnosti. Společnost však pro úplnost uvádí a činí tento závazek, že nemá v úmyslu umožnit splacení emisního kursu vnesením nepeněžitého vkladu. Této možnosti tak nevyužije a textace je součástí usnesení pouze z regulatorních důvodů, aby usnesení naplňovalo všechny zákonné náležitosti.

Představenstvo může v rámci tohoto pověření zvýšit základní kapitál i vícekrát, nepřekročí-li celková navýšená částka stanovený limit. Doba, na kterou se pověření navrhuje udělit, je 5 (pět) let, tj. v souladu se zákonnou hranicí.

Návrh usnesení: a) Valná hromada pověřuje představenstvo ke zvýšení základního kapitálu Společnosti upisováním nových akcií na majitele v zaknihované podobě za podmínek stanovených v bodu b) tohoto usnesení valné hromady, nejvýše však o částku 366 038 036 Kč (tři sta šedesát šest milionů třicet osm tisíc třicet šest korun českých). Toto pověření se uděluje na dobu 5 let ode dne konání valné hromady.

b) Valná hromada současně pověřuje představenstvo, aby akcie byly upisovány za následujících podmínek:

(i) maximální počet akcií, které může Společnost vydat: 943 397 kusů akcií;

(ii) jmenovitá hodnota jedné akcie: 388 Kč (tři sta osmdesát osm korun českých);

(iii) emisní kurs se stanovuje ve výši 1 060 Kč (jeden tisíc šedesát korun českých) na 1 kus akcie;

c) Pro případ, že bude při zvýšení základního kapitálu Společnosti povinnost splatit emisní kurs splněna vnesením nepeněžitého vkladu, valná hromada současně pověřuje představenstvo, aby bylo orgánem, který rozhodne o ocenění nepeněžitého vkladu na základě posudku znalce.

d) Představenstvo Společnosti může v rámci pověření zvýšit základní kapitál i vícekrát, nepřekročí-li celková částka zvýšení stanovený limit.

2. Schválení významné transakce se spřízněnou stranou – úpis akcií

Zdůvodnění: Pro případ, že se úpisu nových akcií Společnosti na základě zvýšení základního kapitálu Společnosti dle bodu 1 pořadu této valné hromady rozhodne účastnit mateřská společnost TRINITY Banking Group a.s., IČO: 036 71 518, se sídlem Na Příkopě 969/33, Staré Město, 110 00 Praha 1, zapsaná v obchodním rejstříku vedeném Městským soudem v Praze pod sp. zn. B 20342 (dále také jako „Upisovatel“), zamýšlí Společnost uzavřít s Upisovatelem jednu či více smluv o upsání akcií (dále společně jen „Smlouva o úpisu“), na jejímž či jejichž základě bude Upisovatel oprávněn upsat akcie Společnosti na majitele v zaknihované podobě, vydávané v souvislosti s tímto zvýšením základního kapitálu Společnosti.

Upisovatel je většinovým akcionářem Společnosti s podílem přesahujícím 50 % na jejím základním kapitálu a hlasovacích právech; tento podíl drží dlouhodobě, čímž potvrzuje svůj závazek k rozvoji Společnosti a důvěru v její podnikatelský záměr. Společnost proto, vycházejíc z dlouhodobého konzistentního postoje svého majoritního akcionáře ke Společnosti, předpokládá jeho zájem na další účasti na rozvoji Společnosti úpisem nových akcií a na udržení, případně navýšení jeho majetkové účasti.

Valné hromadě se předkládá ke schválení souhlas s touto transakcí až do celkové výše odpovídající celé emisi nově vydávaných akcií, tedy v maximálním rozsahu všech akcií vydávaných v rámci zvýšení základního kapitálu Společnosti dle pověření představenstva ke zvýšení základního kapitálu, tedy až celkový emisní kurz 1 000 000 820 Kč. Souhlas v tomto rozsahu se navrhuje proto, aby bylo možné realizovat zvýšení základního kapitálu v plném zamýšleném objemu. Skutečný rozsah úpisu Upisovatelem bude záviset na jeho zájmu a zájmu ostatních akcionářů Společnosti a průběhu upisování; schválený limit představuje pouze jeho horní hranici.

Z pohledu Společnosti může uzavření Smlouvy o úpisu nabýt podoby významné transakce ve smyslu ustanovení § 121s zákona č. 256/2004 Sb., o podnikání na kapitálovém trhu, ve znění pozdějších předpisů (dále jen „ZPKT“), neboť hodnota transakce odpovídající celkovému emisnímu kurzu akcií upsaných Upisovatelem na základě Smlouvy o úpisu může přesáhnout 10 % aktiv Společnosti dle její řádné individuální účetní závěrky za předcházející účetní období; proto Společnost předkládá tuto transakci valné hromadě k vyjádření souhlasu.

Upisovatel bude akcie upisovat za zcela shodných podmínek, jaké budou platit pro ostatní upisovatele a Upisovateli nebude z titulu jeho postavení většinového akcionáře poskytnuto jakékoliv zvýhodnění. Představenstvo důvodně předpokládá, že k uzavření Smlouvy o úpisu dojde do konce roku 2027.

Návrh usnesení: Valná hromada uděluje v souladu s § 121t zákona č. 256/2004 Sb., o podnikání na kapitálovém trhu, ve znění pozdějších předpisů, souhlas k uzavření významné transakce mezi Společností a její mateřskou společností TRINITY Banking Group a.s., IČO: 036 71 518, se sídlem Na Příkopě 969/33, Staré Město, 110 00 Praha 1, zapsanou v obchodním rejstříku vedeném Městským soudem v Praze pod sp. zn. B 20342, spočívající v uzavření jedné či více smluv o upsání akcií, na jejímž či jejichž základě upíše společnost TRINITY Banking Group a.s. akcie Společnosti na majitele v zaknihované podobě vydávané v rámci zvýšení základního kapitálu Společnosti realizovaného představenstvem na základě pověření valné hromady ze dne 18. 9. 2026, a to až do rozsahu celé emise nově vydávaných akcií, tedy nejvýše 943 397 kusů akcií, s tím, že k uzavření smlouvy nebo jednotlivých smluv o upsání akcií dojde nejpozději do 31. 12. 2027.

3. Schválení nabytí vlastních akcií

Zdůvodnění: Představenstvo navrhuje schválení nabývání vlastních akcií Společností s cílem zlepšit podmínky, za nichž mohou stávající akcionáři realizovat svou investici jejich prodejem. Přestože jsou akcie Společnosti přijaty k obchodování na regulovaném trhu, objem obchodů realizovaných na regulovaném trhu je limitován podílem akcií skutečně dostupných k obchodování a strukturou akcionářské základny; prodávající akcionář proto nemusí v požadované době nalézt protistranu ochotnou akcie v požadovaném objemu odkoupit.

Účelem návrhu je umožnit, aby akcionář, který má zájem akcie Společnosti prodat, nebyl odkázán výlučně na náhodný souběh svého prodejního zájmu se zájmem jiného investora, ale aby měl možnost svou investici zpeněžit prodejem přímo do Společnosti, a to za stabilních a transparentních podmínek.

U akcionářů, kteří ve Společnosti setrvávají, se nesnižuje jejich poměrná účast na základním kapitálu, nedojde k ředění jejich podílů, a naopak dojde k navýšení jejich podílů na hlasovacích právech. Po dobu, po kterou Společnost vlastní akcie drží, totiž nelze vykonávat práva s nimi spojená, zejména právo hlasovací (§ 309 ZOK), a Společnosti ve vztahu k vlastním akciím nevzniká právo na podíl na zisku. Dále se vlastní akcie držené Společností nezapočítávají pro účely usnášeníschopnosti valné hromady.

Konkrétní způsob a podmínky nabývání vlastních akcií určí představenstvo v mezích tohoto usnesení. Nabyté vlastní akcie bude Společnost moci dále využít zákonem dovoleným způsobem, zejména je opětovně zcizit.

Návrh usnesení: Valná hromada schvaluje nabývání vlastních akcií Společnosti za těchto podmínek:

1. Společnost je oprávněna nabýt kmenové akcie na majitele v zaknihované podobě o jmenovité hodnotě 388 Kč za jednu akcii, vydané Společností až do celkového počtu 395 249 kusů akcií;

2. Nejnižší cena, za kterou může Společnost nabýt vlastní akcie, je 1 060 Kč za jednu akcii;

3. Nejvyšší cena, za kterou může Společnost nabýt vlastní akcie, je 1 060 Kč za jednu akcii;

4. Společnost je oprávněna nabývat vlastní akcie po dobu 5 let počínaje dnem přijetí tohoto usnesení valné hromady;

5. Nejvyšší úhrnná cena všech akcií, které Společnost na základě tohoto usnesení může nabýt: 418 963 940 Kč.

4. Změna stanov

Zdůvodnění: Navrhuje se změna stanov, jejímž cílem je uvést úpravu svolávání a průběhu valné hromady do souladu s běžnou tržní praxí akciových společností.

Ze stanov se vypouští z čl. 6.8 uveřejňování pozvánky na vývěsce v sídle Společnosti. Tento způsob uveřejnění zákon nevyžaduje, přitom pro Společnost představuje zbytečnou administrativní zátěž a zvyšuje riziko formálního pochybení při svolávání valné hromady. Pro akcionáře zároveň nemá žádný informační přínos, neboť informaci o konání valné hromady mají možnost získat dálkovým přístupem, a to jak z internetových stránek Společnosti, kde je pozvánka uveřejněna po celou dobu lhůty pro svolání valné hromady, tak z Obchodního věstníku. Pro úplnost se uvádí, že v případě zájmů akcionáře, bude i nadále možné se s pozvánkou v sídle Společnosti seznámit.

Dále se navrhuje v čl. 6.9 upravit účast členů představenstva a dozorčí rady na valné hromadě jako povinnost, nikoli jako pouhé oprávnění. Navrhovanou změnou se stanovy uvádějí do souladu se zákonnou úpravou, která jejich účast vyžaduje. Výbor pro audit se z tohoto výčtu vypouští, neboť zákon jeho členům povinnou účast na valné hromadě neukládá. Účast členů výboru pro audit i dalších osob, u nichž je účelné, aby se vyjádřily k jednotlivým bodům pořadu valné hromady, zůstává podle poslední věty příslušného článku stanov možná, zároveň je upravena již v čl. 9.7, ve kterém se navrhuje upřesnit, že člen výboru pro audit se účastní valné hromady, na jejímž pořadu je schválení účetní závěrky, a informuje ji o výsledcích činnosti výboru. Informace o činnosti výboru pro audit má význam právě ve vazbě na účetní závěrku.

Návrh usnesení:

1. Čl. 6.8. nově zní: „Orgán svolávající valnou hromadu je povinen zajistit uveřejnění pozvánky na valnou hromadu nejméně 30 dnů před jejím konáním na internetových stránkách společnosti. Oznámení o konání valné hromady a pořad valné hromady budou současně ve stejné lhůtě uveřejněny v Obchodním věstníku. Pozvánka na valnou hromadu není zasílána na adresy akcionářů. Uveřejněním oznámení o konání valné hromady a pořadu valné hromady v Obchodním věstníku je nahrazeno zasílání pozvánky na adresy akcionářů uvedené v seznamu akcionářů. Lhůta uvedená ve větě první se zkracuje na 15 dnů v případě konání náhradní valné hromady a na 21 dnů v případě konání valné hromady na žádost akcionářů uvedených v § 365 zákona o obchodních korporacích.“

2. Čl. 6.9. nově zní: „Právo účastnit se valné hromady má osoba vedená jako akcionář v zákonem stanovené evidenci investičních nástrojů (Centrální depozitář cenných papírů) k rozhodnému dni. Rozhodným dnem k účasti na valné hromadě je sedmý kalendářní den předcházející dni konání valné hromady. Valné hromady se účastní členové představenstva a dozorčí rady. Valné hromady se mohou účastnit rovněž osoby, u nichž je účelné, aby se vyjádřily k jednotlivým bodům pořadu valné hromady, např. auditoři či poradci společnosti, a osoby zabezpečující průběh valné hromady.“

3. Čl. 9.7 nově zní: „Nejméně jeden člen výboru pro audit se účastní valné hromady společnosti, na jejímž pořadu je schválení účetní závěrky, a informuje valnou hromadu o výsledcích činnosti výboru pro audit za uplynulé účetní období.“

5. Schválení významné transakce se spřízněnou stranou – úpis dluhopisů

Zdůvodnění: Představenstvo navrhuje valné hromadě schválit v souladu s § 121t zákona č. 256/2004 Sb., o podnikání na kapitálovém trhu, ve znění pozdějších předpisů (dále jen „ZPKT"), uzavření významné transakce mezi Společností a společností SAB EUROPE HOLDING LTD, se sídlem Suite 3, Tower Business Centre, Tower Street, Swatar, Birkirkara BKR 4013, Malta, zapsanou podle práva Malty pod reg. č. C 70457 (dále jen „SAB EUROPE HOLDING“), a/nebo společností TRINITY B. G. a.s., se sídlem Na Příkopě 969/33, Staré Město, 110 00 Praha 1, IČO: 106 99 091 (dále jen „TRINITY B. G.“), a/nebo společností SAB Financial Investments a.s., se sídlem Na Příkopě 969/33, Staré Město, 110 00 Praha 1, IČO: 019 57 201 (dále jen „SAB Financial Investments“; SAB EUROPE HOLDING, TRINITY B. G. a SAB Financial Investments dále společně jen „Emitenti“), jakožto osobami ovládanými stejnou ovládající osobou jako Společnost a tedy jejími spřízněnými stranami, jejímž obsahem bude úpis nově emitovaných dluhopisů vydávaných kterýmkoli z Emitentů ze strany Společnosti, a to do maximální souhrnné výše 800 000 000 Kč za všechny Emitenty dohromady.

Schvalovaný limit představuje souhrnnou horní hranici objemu úpisu. Dluhopisy může Společnost upsat od jediného z Emitentů, nebo od více z nich, vždy však platí, že celkový emisní kurz všech dluhopisů upsaných Společností od všech Emitentů dohromady nesmí na základě tohoto souhlasu přesáhnout částku 800 000 000 Kč.

Souhlas se předkládá ve vztahu ke všem uvedeným Emitentům současně proto, že v tuto chvíli není postaveno najisto, který z nich bude emisi dluhopisů realizovat. Volba konkrétního emitenta bude učiněna s ohledem na aktuální podmínky na trhu, načasování emise a na to, jaké uspořádání emise se ukáže jako nejvhodnější. Předložení souhlasu ve vztahu ke všem Emitentům tak Společnosti umožní reagovat na vývoj bez nutnosti svolávat další valnou hromadu.

Představenstvo důvodně předpokládá, že k uzavření smlouvy či smluv o úpisu dojde do konce roku 2027.

Dluhopisy budou mít standardní parametry a půjde o dluhopisy nikoliv podřízené dluhopisy ani o nástroje s obdobným účinkem na pořadí uspokojení pohledávky Společnosti. Splatnost dluhopisů bude činit 8 let od data emise. Výnos dluhopisů bude pohyblivý, navázaný na referenční sazbu 3M PRIBOR zvýšenou o marži. Výše marže bude stanovena na základě znaleckého posudku.

Uzavření transakce je v zájmu Společnosti, neboť jí umožní zhodnotit dočasně volné peněžní prostředky, a to za podmínek odpovídajících podmínkám obvyklým v běžném obchodním styku, jejichž tržní charakter bude ověřen znaleckým posudkem. Ekonomickým přínosem transakce pro Společnost je výnos z upsaných dluhopisů.

Vzhledem k tomu, že hodnota transakce může přesáhnout 10 % aktiv Společnosti dle její řádné individuální účetní závěrky za předcházející účetní období, může transakce naplnit znaky významné transakce ve smyslu § 121s ZPKT; Společnost ji proto předkládá valné hromadě k vyjádření souhlasu.

Společnost není povinna dluhopisy upsat vůbec, ani vyčerpat schválený limit v plném rozsahu; skutečný rozsah úpisu i to, zda k němu vůbec dojde, bude záviset na uvážení představenstva s ohledem na aktuální situaci na trhu, potřeby řízení likvidity Společnosti a výhodnost nabízených podmínek.

Návrh usnesení: Valná hromada uděluje v souladu s § 121t zákona č. 256/2004 Sb., o podnikání na kapitálovém trhu, ve znění pozdějších předpisů, souhlas s uzavřením významné transakce mezi Společností a společností SAB EUROPE HOLDING a/nebo TRINITY B. G. a.s. a/nebo SAB Financial Investments a.s., spočívající v uzavření jedné či více smluv o úpisu nově emitovaných dluhopisů vydávaných společností SAB EUROPE HOLDING a/nebo TRINITY B. G. a.s. a/nebo SAB Financial Investments a.s. (společně „Emitenti“ a každý „Emitent“) Společností, a to tak, že úpis nově emitovaných dluhopisů vydaných kterýmkoli jednotlivým Emitentem může dosáhnout až celkového emisního kurzu 800 000 000 Kč, přičemž celkový emisní kurz všech takových dluhopisů upsaných Společností a vydaných všemi Emitenty dohromady nesmí přesáhnout 800 000 000 Kč. K úpisu dojde nejpozději do 31. 12. 2027.

C. DŮLEŽITÉ INFORMACE K ÚČASTI NA VALNÉ HROMADĚ

1. Rozhodný den pro účast na valné hromadě

Rozhodným dnem pro účast na valné hromadě Společnosti je 11. 9. 2026, tzn., že pouze ti akcionáři, kteří jsou zapsáni v seznamu akcionářů – ve výpisu z evidence zaknihovaných akcií Společnosti vedeném Centrálním depozitářem cenných papírů, a.s. k tomuto dni, se mohou účastnit valné hromady.

2. Registrace

• Registrace akcionářů začíná v místě konání valné hromady v 9:00 hodin a bude ukončena v 9:45 hodin.

• Při registraci jsou akcionáři povinni prokázat svou totožnost platným průkazem totožnosti, tj. občanským průkazem či cestovním pasem.

• Osoba oprávněná jednat za právnickou osobu je povinna předložit originál či úředně ověřenou kopii výpisu z příslušného veřejného rejstříku osvědčujícího existenci právnické osoby a způsob jednání statutárního orgánu za právnickou osobu ne staršího 3 měsíců.

o Pokud jde o akcionáře z České republiky, bude tímto výpis z obchodního rejstříku.

o Pokud jde o akcionáře ze států EU, bude tímto registrace společnosti vydaná příslušným úřadem, např. soudem.

o Pokud jde o akcionáře z USA, Velké Británie či jiných států, bude tímto příslušný dokument opatřený doložkou – apostilou, jako např. Good Standing Certificate či Incumbency Certificate.

• Zmocněnci předloží originál či úředně ověřenou písemnou plnou moc s úředně ověřeným podpisem zapsaného akcionáře.

• Všichni účastníci jsou povinni podepsat seznam přítomných.

• Všechny dokumenty předložené v jiném než českém, slovenském či anglickém jazyce musí být opatřeny úředně ověřeným překladem těchto dokumentů do češtiny.

3. Hlasování

• Hlasování na této valné hromadě je možné pouze formou prezenčního hlasování, a to buď osobně, nebo na základě plné moci.

• Hlasování bude provedeno prostřednictvím elektronického hlasovacího zařízení, které obdrží akcionáři při registraci po podpisu do seznamu přítomných.

4. Plné moci

Zmocněnec musí při registraci doložit plnou moc, která bude písemná, podepsaná oprávněnou osobou a opatřena úředně ověřeným podpisem. Z plné moci musí být zřejmé, zda je udělena jen pro tuto jedinou či pro více valných hromad.

Akcionář může oznámit Společnosti udělení nebo odvolání plné moci také elektronickou formou na adresu [email protected], přičemž oznámení o zvolení zástupce musí obsahovat originál či úředně ověřenou kopii plné moci převedenou do elektronické podoby formou autorizované konverze (z důvodu formálních požadavků na úřední ověření podpisu zmocnitele) či opatřenou kvalifikovaným elektronickým podpisem zmocnitele.

Vzor plné moci je uveřejněn na internetových stránkách Společnosti www.sab.cz v sekci pro investory a v podsekci valná hromada 18. 9. 2026 a v sídle Společnosti v pracovních dnech od 9:00 do 17:00 hodin. Akcionář má právo vyžádat si zaslání formuláře plné moci na svůj náklad a na své nebezpečí v listinné podobě nebo elektronickým prostředkem – kontaktní adresou pro tyto účely je [email protected].

5. Práva akcionářů související s účastí na valné hromadě a způsob jejich uplatnění

Valná hromada je schopná usnášení, jsou-li přítomni akcionáři vlastnící akcie, jejichž jmenovitá hodnota přesahuje 30 % základního kapitálu Společnosti, tj. 354 905 812,- Kč.

a. Právo hlasovat

• Základní kapitál Společnosti činí 1 183 019 372,- Kč a je rozvržen na 3 049 019 ks kmenových akcií na majitele v zaknihované podobě ve jmenovité hodnotě 388,- Kč.

• Akcie Společnosti byly přijaty k obchodování na Burze cenných papírů Praha, a.s. na trhu Standard Market, ISIN: CZ0009009940.

• S každou akcií Společnosti je spojen jeden hlas. Celkový počet hlasů všech akcionářů Společnosti je tedy 3 049 019.

b. Právo na vysvětlení

• Každý akcionář má právo požadovat a obdržet na valné hromadě vysvětlení záležitostí týkajících se Společnosti nebo jí ovládaných osob, je-li takové vysvětlení potřebné pro posouzení obsahu záležitostí zařazených na valnou hromadu nebo pro výkon práv akcionáře na valné hromadě.

• Jakýkoli požadavek akcionáře na vysvětlení na valné hromadě musí být učiněn písemně korespondenčně na adresu sídla Společnosti či e-mailem na: [email protected] nebo ústně po vyzvání předsedou valné hromady.

• Vysvětlení může být poskytnuto formou souhrnné odpovědi na více otázek obdobného obsahu.

• Pokud požadované vysvětlení nemůže být poskytnuto z důvodu jeho složitosti přímo na valné hromadě, musí být akcionářům Společnosti poskytnuto do 15 dnů ode dne konání valné hromady. Znění vysvětlení bude dostupné pro akcionáře Společnosti na internetových stránkách Společnosti www.sab.cz.

c. Právo uplatňovat návrhy a protinávrhy

• Akcionář je oprávněn uplatňovat návrhy a protinávrhy k záležitostem zařazeným na pořad valné hromady.

• Valná hromada vždy nejprve projedná a rozhodne o návrzích předložených akcionáři, a to v pořadí, jak byly předloženy. Následně valná hromada projedná a rozhodne o návrhu předloženém představenstvem, resp. příslušným orgánem Společnosti (dozorčí radou apod.).

• Pokud je návrh schválen, valná hromada o zbývajících návrzích nehlasuje.

d. Právo podávat protesty

e. Právo kvalifikovaných akcionářů žádat zařazení určité záležitosti na pořad valné hromady

• Pokud o to požádá kvalifikovaný akcionář (tj. akcionář nebo akcionáři Společnosti, kteří mají akcie, jejichž souhrnná jmenovitá hodnota dosahuje alespoň 1 % základního kapitálu) a doručí tuto žádost nejpozději 10 dní před rozhodným dnem pro konání valné hromady, zařadí představenstvo na pořad valné hromady jimi určenou záležitost za předpokladu, že ke každé ze záležitostí je navrženo i usnesení nebo je její zařazení odůvodněno.

• V případě, že žádost kvalifikovaného akcionáře bude doručena po uveřejnění pozvánky na valnou hromadu, avšak nejpozději 10 dní před rozhodným dnem, uveřejní představenstvo doplnění pořadu valné hromady nejpozději 5 dní před rozhodným dnem k účasti na valné hromadě, a to v Obchodním věstníku a na internetových stránkách Společnosti.

f. Právo na získání dokumentů vztahujících se k valné hromadě

• Veškeré dokumenty vztahující se k valné hromadě jsou uveřejněny na internetových stánkách Společnosti na adrese: www.sab.cz v sekci „Pro investory“ v podsekci valné hromady, a to po dobu začínající nejméně 30 dnů před a končící 30 dnů po konání valné hromady. Ve stejné době jsou tyto dokumenty zdarma k nahlédnutí v sídle Společnosti, a to v pracovních dnech od 9:00 do 17:00 hodin.

6. Dotazy

Jakékoli dotazy týkající se účasti na valné hromadě mohou akcionáři zasílat e-mailem na adresu [email protected].

(komerční sdělení)

Bank Pictet & Cie Europe AG lowered its stake in shares of nVent Electric PLC (NYSE:NVT – Free Report) by 18.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,052 shares of the company’s stock after selling 5,270 shares during the period. Bank Pictet & Cie Europe AG’s holdings in nVent Electric were worth $3,910,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NVT. Norges Bank purchased a new position in shares of nVent Electric during the fourth quarter valued at approximately $245,955,000. Price T Rowe Associates Inc. MD raised its stake in nVent Electric by 361.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock valued at $262,835,000 after buying an additional 2,019,483 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of nVent Electric by 3,467.1% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock valued at $130,807,000 after buying an additional 1,288,924 shares during the period. Merewether Investment Management LP purchased a new position in shares of nVent Electric in the 2nd quarter worth $78,222,000. Finally, Amundi boosted its stake in shares of nVent Electric by 146.8% in the 1st quarter. Amundi now owns 1,092,802 shares of the company’s stock worth $129,257,000 after buying an additional 649,992 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth Several analysts recently commented on NVT shares. Evercore reaffirmed an “outperform” rating and issued a $210.00 price objective on shares of nVent Electric in a report on Monday, August 3rd. Roth Capital reissued a “buy” rating and issued a $195.00 target price on shares of nVent Electric in a report on Monday, August 3rd. Barclays raised their target price on nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Royal Bank Of Canada upped their price target on shares of nVent Electric from $193.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Robert W. Baird upped their price target on shares of nVent Electric from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $198.79.

Check Out Our Latest Stock Analysis on NVT

nVent Electric Stock Performance NYSE NVT opened at $169.98 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.80 and a debt-to-equity ratio of 0.37. nVent Electric PLC has a twelve month low of $85.72 and a twelve month high of $184.64. The business has a 50-day moving average price of $161.10 and a 200-day moving average price of $142.62. The firm has a market cap of $27.51 billion, a price-to-earnings ratio of 46.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.37.

nVent Electric (NYSE:NVT – Get Free Report) last issued its earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.29. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $0.86 EPS. The firm’s quarterly revenue was up 52.8% on a year-over-year basis. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. As a group, equities research analysts predict that nVent Electric PLC will post 5.13 EPS for the current fiscal year.

nVent Electric Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were given a dividend of $0.21 per share. The ex-dividend date was Friday, July 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. nVent Electric’s dividend payout ratio (DPR) is presently 22.95%.

nVent Electric declared that its board has approved a stock repurchase plan on Saturday, May 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Activity In other news, CAO Randolph A. Wacker sold 22,525 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $164.62, for a total value of $3,708,065.50. Following the transaction, the chief accounting officer owned 27,441 shares of the company’s stock, valued at approximately $4,517,337.42. The trade was a 45.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Der Kolk Robert J. Van sold 5,858 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $164.32, for a total transaction of $962,586.56. Following the transaction, the insider owned 27,387 shares of the company’s stock, valued at approximately $4,500,231.84. This represents a 17.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 74,644 shares of company stock worth $12,276,886 over the last quarter. Insiders own 1.70% of the company’s stock.

nVent Electric Profile (Free Report)

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.

See Also Five stocks we like better than nVent Electric Asian Market Circuit Breakers Hit Stocks, Not AI Demand Riot Platforms Re-Wires the Ledger for a $9B AI Power Play Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy? Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal

Receive News & Ratings for nVent Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for nVent Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Tesla CEO Elon Musk has been critical of unions in the past. Alex Wong/Getty Images Elon Musk's long battle with Tesla's striking workers in Sweden is finally coming to an end.

On Thursday, IF Metall said it is suspending its nearly three-year industrial action against Tesla, effective August 19, after the company bought out all of the Swedish union's striking workers.

The fractious dispute has disrupted Tesla's operations in the Scandinavian country, with dockworkers refusing to unload the company's EVs from ships and cleaners boycotting Tesla's showrooms and offices as other unions joined the fray.

The strike action, which lasted more than 1,000 days, has drawn Musk's attention, with the Tesla CEO previously calling it "insane." Musk has been sharply critical of unions in the past, and the automaker was accused of cracking down on unionization efforts in the US in 2023.

In a statement announcing the end of the industrial action, which was initially intended to force Tesla to agree to negotiations with the union over pay and working conditions, IF Metall accused the company of "systematic strikebreaking."

"We can conclude that Tesla is so strongly opposed to collective agreements that they would rather buy out employees who are members of the union than give them safe conditions," the union wrote, according to a translated announcement.

Such collective agreements are common in Sweden's heavily unionized workforce. The initial strike action, which began in 2023, covered around 120 Tesla workers.

It is unclear how many employees were bought out by Tesla or how much the company paid to resolve the strike. Tesla did not respond to a request for comment.

The Model Y maker has regularly clashed with unions in Europe. Tesla fended off an attempt by German union IG Metall to win control of a workers' body overseeing its Berlin Gigafactory earlier this year, in a fierce dispute that peaked when Tesla management accused union members of secretly recording an internal meeting.

Musk, the world's richest man, has in the past paid out large sums to draw a line under issues, either directly or through his companies. In 2018, Musk paid a $20 million SEC fine after falsely claiming to have secured funding to take Tesla private, and in 2025 reached a settlement with former top Twitter executives over unpaid severance.

Tesla's latest victory over union opposition in Sweden comes as the brand's sales in Europe recover after slumping in 2025 amid backlash over Musk's political interventions.

The automaker's European registrations surged 50% year-over-year in June, according to data from the European Automobile Manufacturers Association, and are up around 43% in Sweden so far this year.

Read next

Tom Carter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Tesla Elon Musk Europe More

Posted by Defense World Staff on Aug 14th, 2026

Caerus Investment Advisors LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 33.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,415 shares of the e-commerce giant’s stock after selling 4,671 shares during the period. Amazon.com makes up about 0.8% of Caerus Investment Advisors LLC’s portfolio, making the stock its 18th largest holding. Caerus Investment Advisors LLC’s holdings in Amazon.com were worth $1,961,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AMZN. MilWealth Group LLC increased its stake in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after acquiring an additional 79 shares during the period. Lifetime Wealth Management P.C. bought a new stake in shares of Amazon.com during the 4th quarter valued at $45,000. Elkhorn Partners Limited Partnership lifted its position in shares of Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 180 shares during the period. Fairway Wealth LLC grew its holdings in shares of Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 108 shares in the last quarter. Finally, Prudent Man Investment Management Inc. grew its holdings in shares of Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Trending Headlines about Amazon.com Here are the key news stories impacting Amazon.com this week:

Positive Sentiment: Amazon is positioning Alexa as an AI-powered shopping assistant that can identify missing groceries from a refrigerator photo, create a shopping list and potentially direct purchases before customers visit competitors such as Walmart. The initiative could strengthen Amazon’s grocery and retail ecosystem. Amazon Wants Alexa to Own the Shopping List Before Walmart Ever Sees It Positive Sentiment: AWS remains a major bullish catalyst. Recent reports highlighted 36.7% year-over-year AWS growth, a roughly $496 billion backlog and substantial demand for AI infrastructure. Amazon has also made OpenAI cybersecurity models available through Amazon Bedrock, supporting cloud-service adoption. Amazon Stock Eyes AWS Growth as Amazon’s $220 Billion Spending Plan Expands Positive Sentiment: Analyst coverage remains favorable, with one report citing a potential 32% upside and no sell ratings among 62 analysts. Investment activity also included Appaloosa nearly doubling its Amazon position earlier this year, signaling continued institutional confidence. Amazon’s Price Target Says Plus 32 Percent and Not a Single Analyst Says Sell Neutral Sentiment: Amazon is reportedly a leading bidder for Decart AI, which could add valuable AI talent and technology for AWS, retail operations and advertising. However, the financial terms and outcome remain uncertain. What Could Amazon Gain From Leading the Decart AI Bidding? Negative Sentiment: Twitch’s decision to enroll creators by default in sharing livestream content for Amazon AI training has triggered strong user backlash. The controversy could create reputational, regulatory and creator-retention risks. Amazon Will Train on Twitch Streamers’ Content by Default Unless They Opt Out Negative Sentiment: Amazon’s 2026 capital-expenditure forecast has risen to approximately $220 billion as it expands AI and cloud capacity. Investors are concerned that borrowing and heavy spending may reduce near-term free cash flow, particularly while Amazon does not pay a dividend. Amazon Raises 2026 AI Spending to 220 Billion Dollars Negative Sentiment: New York City labor activists and Teamsters are urging passage of legislation that could require delivery workers to be directly employed, potentially increasing Amazon’s labor costs and disrupting its last-mile delivery model. Amazon Teamsters and Allies Picket City Hall for the Delivery Protection Act Analyst Upgrades and Downgrades AMZN has been the subject of a number of analyst reports. Benchmark boosted their price target on Amazon.com from $370.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Truist Financial increased their price objective on shares of Amazon.com from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Royal Bank Of Canada raised their target price on shares of Amazon.com from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 31st. KeyCorp boosted their target price on shares of Amazon.com from $335.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $315.00 price target on shares of Amazon.com in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $322.56.

Check Out Our Latest Stock Report on Amazon.com

Insiders Place Their Bets In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the transaction, the chief executive officer owned 2,205,766 shares of the company’s stock, valued at $581,042,879.72. This represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,370 shares of Amazon.com stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $262.39, for a total value of $1,671,424.30. Following the sale, the chief executive officer directly owned 486,527 shares in the company, valued at $127,659,819.53. The trade was a 1.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 62,650 shares of company stock worth $16,535,457. Company insiders own 8.90% of the company’s stock.

Amazon.com Price Performance AMZN stock opened at $265.13 on Friday. The company has a 50 day simple moving average of $247.57 and a 200 day simple moving average of $238.49. The stock has a market cap of $2.86 trillion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 1.78 and a beta of 1.45. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the business posted $1.68 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.

Amazon.com Profile (Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also Five stocks we like better than Amazon.com Asian Market Circuit Breakers Hit Stocks, Not AI Demand Riot Platforms Re-Wires the Ledger for a $9B AI Power Play Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy? Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEAehr Test Systems $AEHR Shares Acquired by California State Teachers Retirement System

NEXT HEADLINE »Amazon.com, Inc. $AMZN Shares Sold by Flagship Wealth Advisors LLC

Encore Global Management LP purchased a new position in Microsoft Corporation (NASDAQ:MSFT – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,950 shares of the software giant’s stock, valued at approximately $4,794,000. Microsoft makes up about 3.3% of Encore Global Management LP’s investment portfolio, making the stock its 3rd largest holding.

A number of other institutional investors have also added to or reduced their stakes in the stock. Markel Group Inc. lifted its holdings in shares of Microsoft by 0.4% in the 1st quarter. Markel Group Inc. now owns 537,630 shares of the software giant’s stock valued at $199,014,000 after acquiring an additional 1,950 shares during the last quarter. Bessemer Group Inc. increased its stake in Microsoft by 8.4% during the first quarter. Bessemer Group Inc. now owns 6,921,677 shares of the software giant’s stock worth $2,562,197,000 after acquiring an additional 537,634 shares during the last quarter. Taylor Securities Services Inc. purchased a new stake in Microsoft during the fourth quarter valued at approximately $2,616,000. Werba Rubin Papier Wealth Management raised its position in Microsoft by 15.7% during the fourth quarter. Werba Rubin Papier Wealth Management now owns 12,492 shares of the software giant’s stock valued at $6,041,000 after purchasing an additional 1,698 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Microsoft by 138.8% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,356,359 shares of the software giant’s stock valued at $502,077,000 after purchasing an additional 788,297 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Key Microsoft News Here are the key news stories impacting Microsoft this week:

Positive Sentiment: Pershing Square’s Bill Ackman reaffirmed his bullish Azure thesis, arguing that continued capacity investment and Microsoft 365’s embedded customer base can support high-teens earnings growth. Microsoft Stock Rises as Ackman Reaffirms Azure Bet Positive Sentiment: JPMorgan raised its Microsoft price target to $625, citing accelerating Copilot adoption and infrastructure growth. Wells Fargo also maintained an overweight rating and lifted its target to $700, reinforcing the view that the stock’s AI-driven recovery has further upside. JPMorgan Raises Microsoft Price Target Positive Sentiment: Microsoft began gradually combining its consumer and enterprise Copilot applications into a unified AI platform. The planned “super app” could improve user adoption, cross-selling and Microsoft’s competitive position against ChatGPT, Gemini and Claude. Microsoft Unifies Consumer and Enterprise Copilot Positive Sentiment: Microsoft accepted IREN’s first AI data-center deployment under a $9.7 billion cloud agreement. The milestone supports Azure’s ability to secure additional computing capacity as AI infrastructure demand remains strong. IREN Hands Microsoft Its First AI Cloud Deployment Neutral Sentiment: Microsoft is reportedly closing or restructuring numerous China offices and joint ventures, while retaining an Azure-linked presence. The move may reduce geopolitical exposure but could also limit access to the Chinese market. Microsoft Retreats in China Negative Sentiment: A report said Microsoft plans to cut carbon-removal purchases while AI-related emissions rise, creating potential reputational and environmental concerns. Microsoft Carbon Removal Purchases Report Insider Buying and Selling In related news, EVP Takeshi Numoto sold 4,810 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $496.48, for a total transaction of $2,388,068.80. Following the completion of the transaction, the executive vice president owned 42,677 shares in the company, valued at $21,188,276.96. The trade was a 10.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Judson Althoff sold 15,500 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $460.99, for a total transaction of $7,145,345.00. Following the sale, the chief executive officer directly owned 110,477 shares of the company’s stock, valued at $50,928,792.23. The trade was a 12.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 37,310 shares of company stock worth $17,256,219. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades Several equities analysts have recently weighed in on MSFT shares. HSBC cut their target price on Microsoft from $593.00 to $571.00 in a research report on Thursday, April 30th. Arete Research lifted their price objective on shares of Microsoft from $730.00 to $870.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating and set a $640.00 price objective on shares of Microsoft in a research report on Thursday, July 30th. Morgan Stanley reissued an “overweight” rating on shares of Microsoft in a research note on Thursday, July 30th. Finally, DZ Bank restated a “buy” rating on shares of Microsoft in a report on Thursday, April 30th. Forty-two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $560.27.

Get Our Latest Analysis on MSFT

Microsoft Trading Up 0.9% MSFT opened at $496.88 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.69 trillion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.59 and a beta of 1.11. Microsoft Corporation has a 12 month low of $349.20 and a 12 month high of $553.72. The stock has a fifty day moving average price of $409.70 and a 200-day moving average price of $407.88.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The software giant reported $4.74 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.50. The company had revenue of $90.01 billion for the quarter, compared to the consensus estimate of $87.62 billion. Microsoft had a return on equity of 31.98% and a net margin of 40.31%.The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.65 earnings per share. As a group, equities research analysts anticipate that Microsoft Corporation will post 19.58 earnings per share for the current fiscal year.

Microsoft Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a $0.91 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.7%. Microsoft’s payout ratio is presently 20.27%.

Microsoft Profile (Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

Read More Five stocks we like better than Microsoft Asian Market Circuit Breakers Hit Stocks, Not AI Demand Riot Platforms Re-Wires the Ledger for a $9B AI Power Play Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy? Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.

Posted by Defense World Staff on Aug 14th, 2026

Amundi lifted its position in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 30.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,675,076 shares of the software giant’s stock after buying an additional 9,814,598 shares during the quarter. Microsoft comprises approximately 4.2% of Amundi’s holdings, making the stock its 4th biggest position. Amundi owned approximately 0.56% of Microsoft worth $15,426,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC lifted its stake in Microsoft by 51.3% during the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after purchasing an additional 20 shares during the last quarter. Bernzott Capital Advisors bought a new position in Microsoft in the fourth quarter valued at about $34,000. Timmons Wealth Management LLC acquired a new position in Microsoft during the fourth quarter worth about $36,000. Fairway Wealth LLC boosted its stake in shares of Microsoft by 287.0% in the 4th quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock valued at $43,000 after purchasing an additional 66 shares in the last quarter. Finally, University of Illinois Foundation bought a new stake in shares of Microsoft during the 2nd quarter valued at approximately $50,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

More Microsoft News Here are the key news stories impacting Microsoft this week:

Positive Sentiment: Pershing Square’s Bill Ackman reaffirmed his bullish Azure thesis, arguing that continued capacity investment and Microsoft 365’s embedded customer base can support high-teens earnings growth. Microsoft Stock Rises as Ackman Reaffirms Azure Bet Positive Sentiment: JPMorgan raised its Microsoft price target to $625, citing accelerating Copilot adoption and infrastructure growth. Wells Fargo also maintained an overweight rating and lifted its target to $700, reinforcing the view that the stock’s AI-driven recovery has further upside. JPMorgan Raises Microsoft Price Target Positive Sentiment: Microsoft began gradually combining its consumer and enterprise Copilot applications into a unified AI platform. The planned “super app” could improve user adoption, cross-selling and Microsoft’s competitive position against ChatGPT, Gemini and Claude. Microsoft Unifies Consumer and Enterprise Copilot Positive Sentiment: Microsoft accepted IREN’s first AI data-center deployment under a $9.7 billion cloud agreement. The milestone supports Azure’s ability to secure additional computing capacity as AI infrastructure demand remains strong. IREN Hands Microsoft Its First AI Cloud Deployment Neutral Sentiment: Microsoft is reportedly closing or restructuring numerous China offices and joint ventures, while retaining an Azure-linked presence. The move may reduce geopolitical exposure but could also limit access to the Chinese market. Microsoft Retreats in China Negative Sentiment: A report said Microsoft plans to cut carbon-removal purchases while AI-related emissions rise, creating potential reputational and environmental concerns. Microsoft Carbon Removal Purchases Report Insider Buying and Selling at Microsoft In related news, CEO Judson Althoff sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $487.89, for a total transaction of $4,878,900.00. Following the sale, the chief executive officer owned 100,447 shares of the company’s stock, valued at approximately $49,007,086.83. This represents a 9.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 4,810 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $496.48, for a total transaction of $2,388,068.80. Following the completion of the sale, the executive vice president owned 42,677 shares in the company, valued at $21,188,276.96. This represents a 10.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 37,310 shares of company stock worth $17,256,219. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth A number of equities research analysts recently weighed in on the company. Arete Research boosted their price objective on Microsoft from $730.00 to $870.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Truist Financial restated a “buy” rating and set a $575.00 price target on shares of Microsoft in a report on Wednesday, July 22nd. BMO Capital Markets upped their price objective on Microsoft from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Evercore set a $528.00 price objective on shares of Microsoft in a report on Thursday, July 30th. Finally, Argus reduced their target price on shares of Microsoft from $620.00 to $510.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Forty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $560.27.

Read Our Latest Analysis on MSFT

Microsoft Stock Performance Shares of MSFT stock opened at $496.88 on Friday. The firm has a 50 day moving average of $409.70 and a 200-day moving average of $407.88. The company has a market cap of $3.69 trillion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 1.59 and a beta of 1.11. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 0.07. Microsoft Corporation has a 52 week low of $349.20 and a 52 week high of $553.72.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The software giant reported $4.74 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.50. Microsoft had a return on equity of 31.98% and a net margin of 40.31%.The business had revenue of $90.01 billion for the quarter, compared to the consensus estimate of $87.62 billion. During the same period in the prior year, the business earned $3.65 EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities analysts forecast that Microsoft Corporation will post 19.58 earnings per share for the current year.

Microsoft Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 20th. Microsoft’s dividend payout ratio (DPR) is currently 20.27%.

Microsoft Profile (Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

Featured Articles Five stocks we like better than Microsoft Asian Market Circuit Breakers Hit Stocks, Not AI Demand Riot Platforms Re-Wires the Ledger for a $9B AI Power Play Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy? Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEMicrosoft Corporation $MSFT Shares Sold by Adalta Capital Management LLC

NEXT HEADLINE »EverSource Wealth Advisors LLC Buys 26,285 Shares of Microsoft Corporation $MSFT

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced dividends on six series of preferred stock.

A quarterly cash dividend of $18.75 per share was declared on its 7.50% noncumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol “WFCPrL”. The Series L dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.

A quarterly cash dividend of $351.56 per share was declared on its 5.625% noncumulative perpetual class A preferred stock, Series Y, liquidation preference $25,000 per share. This dividend equals $0.35156 per depositary share, each representing a 1/1,000 interest in a share of Series Y preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrY”. The Series Y dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.

A quarterly cash dividend of $296.88 per share was declared on its 4.75% noncumulative perpetual class A preferred stock, Series Z, liquidation preference $25,000 per share. This dividend equals $0.29688 per depositary share, each representing a 1/1,000 interest in a share of Series Z preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrZ”. The Series Z dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.

A quarterly cash dividend of $293.75 per share was declared on its 4.70% noncumulative perpetual class A preferred stock, Series AA, liquidation preference $25,000 per share. This dividend equals $0.29375 per depositary share, each representing a 1/1,000 interest in a share of Series AA preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrA”. The Series AA dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.

A quarterly cash dividend of $273.44 per share was declared on its 4.375% noncumulative perpetual class A preferred stock, Series CC, liquidation preference $25,000 per share. This dividend equals $0.27344 per depositary share, each representing a 1/1,000 interest in a share of Series CC preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrC”. The Series CC dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.

A quarterly cash dividend of $265.63 per share was declared on its 4.25% noncumulative perpetual class A preferred stock, Series DD, liquidation preference $25,000 per share. This dividend equals $0.26563 per depositary share, each representing a 1/1,000 interest in a share of Series DD preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrD”. The Series DD dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.3 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 38 on Fortune’s 2026 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo

News Release Category: WF-CFH

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Micron Technology (NASDAQ:MU | MU Price Prediction) at $949.83 looks compelling, and the rally still has room to run. Quarterly revenue jumped from $11.3 billion in Q4 2025 to $41.5 billion in Q3 2026, making memory the scarce commodity of the AI era. Micron is the only U.S.-based supplier.

Micron sells DRAM and NAND memory into cloud, mobile, automotive, and embedded markets. High Bandwidth Memory (HBM) sits alongside every AI accelerator shipped by NVIDIA (NASDAQ:NVDA) and AMD (NASDAQ:AMD), moving from a rounding error to the company’s most strategic revenue stream in under two years.

The move from $118.29 in early September 2025 to $949.83 reflects fundamental repricing. Earnings, margins, and forward guidance have all reset higher in lockstep.

An HBM Franchise That Prices Like a Monopoly
Micron’s Q3 FY26 non-GAAP gross margin hit 84.9%, more than double year-ago levels, driven by HBM pricing and NAND increases in the mid-80s percentage range sequentially. Management has signed 16 Strategic Customer Agreements covering roughly $100 billion of minimum committed revenue, with about $22 billion in cash deposits and letters of credit backing them.

CEO Sanjay Mehrotra said “the gross margins at the floor will be well beyond the peaks that we experienced” in past cycles, meaning even a downturn should clear prior peak profitability. Q4 FY26 guidance calls for $50 billion in revenue and $31 in non-GAAP EPS, leaving the stock near 6x forward earnings.

Insider Selling and Cyclical Risk
The bear case starts with insider behavior. CEO Mehrotra executed 122 separate sell transactions across three months, and CPO April Arnzen sold 35,364 shares at $1,077 to $1,096. No insiders bought.

Citi cut its price target to $1,150 from $1,400 on August 7, arguing memory prices peak in 2027, and SK Hynix announced a $38 billion fab expansion will add competing HBM capacity. Memory is cyclical, and $7.8 billion in quarterly capex assumes AI demand keeps compounding.

Why Patience Has a Real Cost
A Hold case rests on tension between record fundamentals and heavy insider distribution near the top. The stock has returned 665.57% over one year, and pullbacks of 20% or more have been routine. Waiting for the next reset is defensible.

The cost is watching a company under multi-year take-or-pay contracts continue to compound. Watch HBM4E qualification milestones, quarterly SCA disclosures, and any sign that memory pricing rolls over.

What the Data Says
Micron trades at $949.83 with a market cap near $1.03 trillion, a trailing P/E of 20, and a forward P/E of 6. The consensus analyst price target sits at $1,501.98, implying meaningful upside.

Coverage tilts decisively bullish, with 40 Buy ratings, 5 Hold, and zero Sell. Year to date Micron is up 233% against a much smaller gain for the S&P 500, and the beat streak has reached seven consecutive quarters.

Why The Bull Case Holds At $949.83
At $949.83, the bull case remains intact. The path to further appreciation runs through the September earnings report, where guidance of $50 billion in revenue and $31 EPS would annualize to more than $120 in earnings power, leaving forward multiples in the mid-single digits.

Strategic Customer Agreements de-risk the traditional memory bust by locking floor pricing above prior peak margins across roughly half of expected revenue. This structural change separates this cycle from every prior one and is not yet reflected at 6x forward earnings.

The thesis breaks if HBM pricing cracks meaningfully before 2027, if lead customer concentration on HBM4 turns into share loss, or if capex overshoots demand. Watch pricing commentary quarter to quarter and whether SCA coverage grows toward the targeted 50% of revenue.

Memory is now a strategic asset. Micron owns the U.S. supply, and the market is pricing the stock like a commodity cyclical, which is why the current level still looks reasonable on the fundamentals.

Contact [email protected] for any questions or corrections.

Friday, 14 August 2026 09:05 AM

Topic: 

Earnings 8-K Filed Announcing Agreement with Amazon Prime

Strengthened Balance Sheet with $40 million in Cash and No Long-Term Debt

Focus on Intellectual Property Ownership for Next Phase of Growth

BEVERLY HILLS, CA / ACCESS Newswire / August 14, 2026 / Kartoon Studios, Inc. (NYSE American:TOON) ("Kartoon Studios" or the "Company"), a global entertainment company creating, producing, distributing and licensing children's and family content, today announced financial results for the second quarter ended June 30, 2026, and provided an update on a strategic transformation designed to focus the Company on the ownership, development and commercialization of high-value intellectual property assets for children.

Following the receipt of approximately $39.2 million from previously announced litigation settlements, Kartoon Studios ended the quarter with approximately $40.5 million in cash and marketable securities and no long-term debt, providing substantial financial flexibility to execute its long-term growth strategy. The Company also filed a separate 8-K notice of a significant distribution partnership for its flagship Hundred Acre Wood franchise based on A.A. Milne's Winnie-the-Pooh with Amazon Prime, while continuing to expand development initiatives surrounding the Stan Lee Universe. Together, these milestones represent important building blocks in the Company's evolution toward a focused, scalable and profitable intellectual property-driven business model.

Recent Operational Highlights

Ended the second quarter with approximately $40.5 million in cash and marketable securities and no long-term debt following receipt of initial litigation settlement proceeds, significantly strengthening the Company's financial position.

An additional $39.2 million remains in escrow and which will be distributed to the Company after legal fees are determined and paid.

8-K disclosed an agreement with Amazon Prime for Hundred Acre Wood, based on A.A. Milne's Winnie-the-Pooh, launching on February 18, 2027 featuring promotional support including Hero Banner placement and participation in Amazon's Shop the Show program, creating integrated streaming and merchandising opportunities.

In July, completed the sale of the Frederator channel network business while retaining Frederator Studios intellectual property, including Castlevania, Bee and Puppycat, among other properties, sharpening the Company's strategic focus on owned and controlled IP assets.

Appointed Brooke Bacon, formerly head of consumer product licensing at Activision, as Senior Vice President of Consumer Products and Licensing to lead the monetization of Kartoon Studios' growing portfolio of owned intellectual property through licensing, retail, consumer products and strategic partnerships.

Strategic Update

Following a comprehensive review of its portfolio, operating structure and capital allocation priorities, Kartoon Studios has implemented a strategic transformation designed to create a leaner, more focused and more profitable enterprise centered on owned and controlled intellectual property for children.

The Company is concentrating investments on high profile animated franchises where it owns or controls the underlying rights and will participate across multiple revenue streams, including content distribution, licensing, consumer products, publishing, digital commerce and brand extensions. Management believes this pivot offers substantial long-term value creation, and a change in direction from the Company's historical reliance on production services and third-party-owned properties.

Consistent with this transformation, the Company completed the sale of the Frederator network business in July while retaining key intellectual property assets. As the Board and management continue to evaluate all operating units and capital investments through the lens of ownership economics, and long-term profitability, the objective is to simplify the business, improve capital efficiency, accelerate franchise monetization and create durable shareholder value.

Management Commentary

"We are building a fundamentally different Kartoon Studios," said Andy Heyward, Chairman and Chief Executive Officer. "Over the last several months, we have strengthened our balance sheet, streamlined our operations, sharpened our strategic focus, and assembled the IP building blocks for our next phase of growth."

"With more than $40 million in cash, no long-term debt, a partnership with Amazon Prime, and ownership of valuable intellectual property including Hundred Acre Wood and the Stan Lee Universe, and another $39.2 million minus legal fees yet to be distributed to Company, we believe we are uniquely positioned to create meaningful long-term shareholder value through the development of what we believe will be enduring global franchises."

"This is not simply a turnaround-it is a strategic transformation. We are transforming Kartoon Studios from a company that historically generated much of its revenue by creating and producing valuable content for others, e.g. Barbie, Cocomelon, and other high-profile IP, we are now focused on producing that high profile IP for ourselves and our shareholders. Specifically that means owning, building and monetizing valuable intellectual property franchises across streaming, consumer products, publishing, gaming, licensing and other platforms."

"Our goal is to own more of the intellectual property we create, participate more fully in the economics generated across multiple platforms, and transform our creative assets into sustainable, high-margin revenue streams. We believe the actions we have taken this year position us to pursue that objective from a position of strength, and we specifically are looking forward to a rollout of Hundred Acre Wood this year to lead, followed by properties from the great Stan Lee, which the Company has developed," Heyward concluded.

"While our reported second quarter results largely reflect the Company's legacy operating model, the strategic actions we have taken over the past several months are designed to reshape Kartoon Studios into a more focused and financially disciplined organization," said Brian Parisi, Chief Financial Officer. "Despite a decline in revenue, during the period, we reduced total expenses by 32%, demonstrating continued cost discipline and progress in aligning our operating structure with our long-term strategic objectives. Combined with our strong cash position and no long-term debt on our balance sheet, we believe Kartoon Studios is well positioned to execute its transformation strategy, as our two flagship brands, Hundred Acre Wood and Stan Lee Universe, are finally coming into the marketplace in 2027."

Hundred Acre Wood

Hundred Acre Wood is expected to serve as the cornerstone of Kartoon Studios' next-generation franchise strategy.

The property combines one of the world's most beloved story universes with distribution support from one of the most influential platforms in entertainment and commerce in the world.

Management believes the property's unique multi-generational appeal creates the potential for a long-term franchise extending across content, publishing, licensing and retail categories worldwide.

Copyright Kartoon Studios, Inc. 2026Stan Lee Superhero Pets

Through its rights to the Stan Lee Universe, Kartoon Studios continues to evaluate multiple opportunities to develop new franchises inspired by one of the most iconic creative legacies in entertainment history.

Initial development efforts include Stan Lee Superhero Pets, which management believes has significant potential across animation, publishing, licensing, consumer products and interactive entertainment. Recent box office based on Stan Lee creations has shown the extraordinary power of this one man's imagination.

Copyright Kartoon Studios, Inc. 2026Second Quarter 2026 Financial Results

The financial results reported for the second quarter primarily reflect Kartoon Studios' historical operating model. They do not yet reflect the anticipated impact of the Company's strategic transformation, the launch of Hundred Acre Wood, growth initiatives surrounding the Stan Lee Universe, or expanded consumer products opportunities.

Management believes these initiatives establish the foundation for the Company's next phase of growth and are intended to improve profitability, expand ownership economics and create long-term shareholder value.

Revenue for the second quarter of 2026 was $5.8 million, compared with $10.3 million in the prior-year period. The decline primarily reflected lower production services revenue and the timing of project activity at Mainframe Studios, the Company's for-hire production studio. The quarter largely reflects the Company's historical operating mix, which management is actively reshaping around owned intellectual property and stronger ownership economics.

Total expenses decreased 32% to $9.2 million, reflecting the Company's continued focus on simplifying operations and aligning its cost structure with a more focused strategy. Direct operating costs declined 35% to $4.6 million, primarily due to lower third-party production-related headcount and reduced Frederator network costs. General and administrative expenses decreased 28% to $4.5 million, driven by lower personnel, consulting and administrative expenses.

Loss from operations was $3.4 million for the second quarter of 2026, compared with $3.2 million in the prior-year period. Despite a 43% decline in revenue, the operating loss increased by only $0.2 million as the Company reduced total expenses by 32% reflecting the impact of ongoing cost discipline and efforts to align the operating structure with a leaner, more focused business model.

Other income, net, was $31.1 million in the second quarter of 2026, compared with other expense, net, of $(2.9) million in the prior-year period. The increase primarily reflected a $39.2 million non-recurring, non-operating gain from the Company's litigation settlements, partially offset by a $4.0 million non-operating charge related to a standstill and voting agreement entered into with one of the settling parties and other non-operating expenses. These items are separate from the Company's underlying operating performance.

Net income was $27.0 million for the second quarter of 2026, compared with a net loss of $(6.3) million in the prior-year period. The improvement was primarily driven by the non-recurring gain recognized from the litigation settlements, partially offset by the Company's $(3.4) million loss from operations and other non-operating expenses.

Cash and marketable securities as of June 30, 2026, was $40.5 million.

About Kartoon Studios
Kartoon Studios (NYSE American:TOON) is a global, vertically integrated children's and family entertainment company turning owned and controlled intellectual property into enduring, multi-platform franchises. The Company develops, produces, distributes, licenses and monetizes content across the full value chain, creating multiple revenue opportunities and long-term brand value.

Kartoon Studios' growth portfolio includes Hundred Acre Wood and the Stan Lee Universe, alongside established brands and an extensive programming library. The Company operates Mainframe Studios and Toon Media Networks, as well as Beacon Media Group, a full-service marketing, communications, and media agency subsidiary of Kartoon Studios focused on children and family. Together, these assets provide production capabilities, direct audience access and distribution across linear television, AVOD, SVOD, FAST channels and streaming platforms in more than 60 territories. Kartoon Studios is focused on converting its intellectual property, infrastructure and global reach into scalable franchise growth and long-term shareholder value.

For more information, visit www.kartoonstudios.com.

Important Cautions Regarding Forward-Looking Statements

Certain statements in this press release that are not historical facts may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and are subject to risks and uncertainties. Forward-looking statements include statements concerning the Company accelerating strategic transformation, focus on intellectual property position ownership for next phase of growth, strategic transformation designed to focus the Company on the ownership, development and commercialization of high-value intellectual property assets, the Company's distribution partnership with Amazon; the Company expanding development initiatives surrounding the Stan Lee Universe; the distribution to the Company of any additional amounts from the escrowed litigation settlements; the Company's expectations regarding the distribution of its content, the timing and availability of streaming content, promotional support, consumer product sales, the sale of Federator sharpening the Company's strategic focus on owned and controlled IP assets; the Company implementing a strategic transformation designed to create a leaner, more focused and more profitable enterprise centered on owned and controlled intellectual property; the Company's concentrating investments on high profile animated franchises where it owns or controls the underlying rights and can participate across multiple revenue streams, including content distribution, licensing, consumer products, publishing, digital commerce and brand extensions; management's belief that their owned IP strategy offers substantially greater long-term value creation potential than the Company's historical reliance on production services and third-party-owned properties; building a fundamentally different Company; the Company's belief that it is uniquely positioned to create meaningful long-term shareholder value through the development of what it believes will be enduring global franchises; transforming from a company that historically generated much of its revenue by creating and producing content for others, into one increasingly focused on owning, building and monetizing valuable intellectual property franchises across streaming, consumer products, publishing, gaming, licensing and other platforms; Company's goal to own more of the intellectual property it creates, and to participate more fully in the economics generated across multiple platforms, and transform its creative assets into sustainable, high-margin revenue streams; the Company's belief that the actions taken this year positions the Company to pursue its objectives from a position of strength, two flagship brands, Hundred Acre Wood and Stan Lee Universe, coming into the marketplace in 2027, Hundred Acre Wood is expected to serve as the cornerstone of the Company's next-generation franchise strategy, management's belief that Stan Lee Superhero Pets has significant potential across animation, publishing, licensing, consumer products and interactive entertainment, the belief that the launch of Hundred Acre Wood, growth initiatives surrounding the Stan Lee Universe and expanded consumer product initiatives will establish the foundation for the Company's next phase of growth and are intended to improve profitability, expand ownership economics and create long-term shareholder value.. Words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "potential," "project," "should," "will" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on the Company's current plans, estimates, assumptions and expectations and are not guarantees that such plans, estimates or expectations will be achieved. Actual events, the timing of events ,results and performance may differ materially from those expressed or implied by these forward-looking statements due to various risks, uncertainties and other factors, including the Company's ability to execute its transition to an intellectual property-driven growth model; the Company's ability to advance its flagship franchise initiatives; the Company's ability to leverage prior investments in platform, content, and infrastructure, to support a more scalable operating foundation and the broader commercialization of the Company's intellectual property portfolio; the Company's ability to advance its flagship franchises as multi-platform initiatives extending across content, licensing, and consumer products; the Company's ability to bring properties to market and convert its franchises into scalable, higher-margin revenue opportunities to drive long-term value; the Company's ability to launch and expand Hundred Acre Wood and the Stan Lee Universe in the US and globally as planned; the Company's ability to capture value across the full lifecycle of its intellectual property by combining production capabilities, owned distribution platforms, marketing infrastructure, and licensing operations; the Company's ability to move quicker and with purpose faster than its competitors; the Company's ability to execute against its platform while continuing to expand higher-margin, IP-driven revenue streams; the Company's ability to improve operating performance and margin profile over time as its initiatives scale; the Company's ability to benefit from its investments in infrastructure and IP; the Company's ability to obtain additional financing on acceptable terms, if at all; fluctuations in the results of the Company's operations from period to period; general economic and financial conditions; the Company's ability to anticipate changes in popular culture, media and movies, fashion and technology; competitive pressure from other distributors of content and within the retail market; the Company's ability to market and advertise its products; the Company's reliance on third parties to promote its products; the Company's ability to keep pace with technological advances; the Company's ability to protect its intellectual property and those other risks described under the heading "Risk Factors" in Part I, Item 1A of the Company's most recent Annual Report on Form 10-K and in its other filings with the Securities and Exchange Commission, which are available at www.sec.gov. Additional risks and uncertainties that are not currently known to the Company or that the Company currently considers immaterial may also cause actual events, results or performance to differ materially from those expressed or implied by the forward-looking statements. All forward-looking statements speak only as of the date of this press release, and Kartoon Studios undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

INVESTOR RELATIONS CONTACT:
Lytham Partners, LLC
Robert Blum
602-889-9700
[email protected]

Kartoon Studios, Inc.
Condensed Consolidated Balance Sheets
(in thousands, except for share data)

As of

June 30,
2026

December 31,
2025

(Unaudited)

ASSETS

Current Assets:

Cash

$

7,742

$

2,943

Investments in Marketable Securities (amortized cost of $32,754 and $3,953, respectively)

32,763

3,978

Accounts Receivable (net of allowance of $7 and $3, respectively)

2,059

9,632

Tax Credits Receivable (net of allowance of $427 and $423, respectively)

17,494

16,800

Other Receivable

1,346

1,571

Prepaid Expenses and Other Assets

1,643

841

Total Current Assets

63,047

35,765

Noncurrent Assets:

Property and Equipment, net

1,327

1,635

Operating Lease Right-of-Use Assets, net

4,511

5,114

Finance Lease Right-of-Use Assets, net

210

312

Film and Television Costs, net

7,283

4,878

Investment in Your Family Entertainment AG

1,863

5,481

Intangible Assets, net

16,178

17,604

Other Assets

114

118

Total Assets

$

94,533

$

70,907

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:

Accounts Payable

$

5,666

$

12,115

Participations Payable

1,161

1,024

Accrued Expenses

1,776

744

Accrued Salaries and Wages

1,390

1,370

Deferred Revenue

2,732

4,391

Production Facilities, net

12,928

11,819

Current Portion of Operating Lease Liabilities

1,080

1,077

Current Portion of Finance Lease Liabilities

116

156

Due to Related Party

-

5

Standstill Agreement Payable

4,000

-

Other Current Liabilities

750

750

Total Current Liabilities

31,599

33,451

Noncurrent Liabilities:

Deferred Revenue

3,415

3,369

Operating Lease Liabilities, net of Current Portion

3,829

4,488

Finance Lease Liabilities, net of Current Portion

86

144

Deferred Tax Liability, net

1,181

1,225

Factoring Liability

776

689

Other Noncurrent Liabilities

22

8

Total Liabilities

40,908

43,374

Commitments and Contingencies (Note 19)

Stockholders' Equity:

Preferred Stock, 10,000,000 shares authorized, 0 shares issued and
outstanding as of June 30, 2026 and December 31, 2025

-

-

0% Series A Convertible Preferred Stock, $0.001 par value, 6,000 shares authorized, 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025

-

-

Series B Preferred Stock, $0.001 par value, 0 shares authorized, 0 shares
issued and outstanding as of June 30, 2026 and December 31, 2025

-

-

Series C Preferred Stock, $0.001 par value, 50,000 shares authorized, 0 shares
issued and outstanding as of June 30, 2026 and December 31, 2025

-

-

Common Stock, $0.001 par value, 190,000,000 shares authorized, 62,629,255
and 55,282,150 shares issued and 62,204,105 and 54,857,000 shares
outstanding as of June 30, 2026 and December 31, 2025, respectively

62

55

Additional Paid-in Capital

799,305

793,814

Treasury Stock at Cost, 425,150 shares of common stock as of June 30, 2026 and
December 31, 2025

(604

)

(604

)

Accumulated Deficit

(743,197

)

(763,817

)

Accumulated Other Comprehensive Loss

(3,188

)

(3,238

)

Total Kartoon Studios, Inc. Stockholders' Equity

52,378

26,210

Non-Controlling Interests in Consolidated Subsidiaries

1,247

1,323

Total Stockholders' Equity

53,625

27,533

Total Liabilities and Stockholders' Equity

$

94,533

$

70,907

Kartoon Studios, Inc.
Condensed Consolidated Statements of Operations
(in thousands, except for share data)
(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenues:

Production Services

$

3,459

$

7,359

$

7,552

$

13,931

Content Distribution

1,853

1,992

4,126

3,973

Licensing and Royalties

61

86

134

170

Media Advisory and Advertising Services

448

842

1,247

1,709

Total Revenues

5,821

10,279

13,059

19,783

Operating Expenses:

Marketing and Sales

139

167

331

353

Direct Operating Costs

4,634

7,113

9,352

13,797

General and Administrative

4,458

6,214

9,589

11,927

Total Operating Expenses

9,231

13,494

19,272

26,077

Loss from Operations

(3,410

)

(3,215

)

(6,213

)

(6,294

)

Interest Expense

(175

)

(165

)

(408

)

(293

)

Other Income (Expense), net

31,107

(2,887

)

27,738

(6,271

)

Profit (Loss) Before Income Tax Expense

27,522

(6,267

)

21,117

(12,858

)

Income Tax Expense

(573

)

-

(573

)

-

Net Income (Loss)

26,949

(6,267

)

20,544

(12,858

)

Net Loss Attributable to Non-Controlling Interests

36

104

76

169

Net Income (Loss) Attributable to Kartoon Studios, Inc.

$

26,985

$

(6,163

)

$

20,620

$

(12,689

)

Net Income (Loss) per Share (Basic)

$

0.41

$

(0.13

)

$

0.32

$

(0.27

)

Net Income (Loss) per Share (Diluted)

$

0.38

$

(0.13

)

$

0.30

$

(0.27

)

Weighted Average Shares Outstanding (Basic)

66,155,559

47,805,923

64,457,474

47,252,544

Weighted Average Shares Outstanding (Diluted)

70,969,988

47,805,923

68,184,187

47,252,544

SOURCE: Kartoon Studios

, /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that on August 13, 2026, its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.47 per share. The dividend is payable on September 8, 2026, to shareholders of record at the close of business on August 24, 2026.

About Patrick Industries, Inc.

Patrick (NASDAQ: PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs approximately 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.

Forward-Looking Statements

This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements is contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. In addition, future dividends are subject to Board approval. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

Contact:

Steve O'Hara
Vice President of Investor Relations
[email protected]
574.294.7511

SOURCE Patrick Industries, Inc.

Bloom Energy Corp. (NYSE:BE) shares are trading higher during Friday’s premarket session as traders keep leaning into the AI data center power-demand theme tied to CoreWeave’s expansion.

Bloom Energy shares are trending higher. Why are BE shares climbing? What Is Driving Bloom Energy’s Stock Today?CoreWeave posted second-quarter results that beat Wall Street estimates, including $2.58 billion in revenue and a $104 billion revenue backlog tied to AI infrastructure demand. The read-through for Bloom is that CoreWeave’s high-density data centers can lean on Bloom’s solid oxide fuel cell systems for faster on-site power.

Bloom is also catching a macro tailwind this week after July CPI came in as expected, with headline CPI up 3.4% YoY and core inflation at 2.5%, while the CME FedWatch September hike probability slipped to 42% from 45%. Lower yields after the print have helped reopen risk appetite for growth-linked infrastructure names.

CoreWeave Hits Strategic Inflection Point Fueled by Enterprise AI Demand“CoreWeave reached an important inflection point this quarter as our scale began to translate into expanding operating leverage. Customer demand is accelerating, as enterprise adoption broadens and we continue to deepen our technology platform,” said Michael Intrator, co-founder and CEO of CoreWeave.

“CoreWeave is built on the conviction that AI is foundational to every industry and that realizing its full potential requires a purpose-built platform. This quarter reinforced that conviction.”

Bloom Energy Stock: Key Levels To WatchFrom a trend perspective, the stock is trading 13.6% above its 20-day SMA ($210.73) and 30.1% above its 200-day SMA ($183.96), which keeps the longer-term uptrend intact after a huge 12-month run of 423.65%. At the same time, it’s trading 3.6% below its 50-day SMA ($248.39), a reminder that the intermediate trend is still working through a consolidation phase.

RSI is 52.51, which is basically neutral and fits a "digesting gains" setup rather than an overbought chase. RSI measures how stretched the recent move is, and this reading suggests buyers and sellers are closer to balanced right now than they were during the May overbought push.

The chart also has a mixed moving-average message: the 20-day SMA is below the 50-day SMA (a bearish near-term crossover), but the 50-day SMA remains above the 200-day SMA (a bullish longer-term structure). With the most recent swing high in June and swing low in July, traders will likely treat any bounce as needing follow-through back above the 50-day area to confirm momentum is rebuilding.

Key Support: $230.50 — a nearby pivot zone that sits just below the 100-day SMA ($238.63), making it a practical "line in the sand" if the pullback deepens Bloom Energy’s Benzinga Edge Scorecard BreakdownBelow is the Benzinga Edge scorecard for Bloom Energy, highlighting its strengths and weaknesses compared to the broader market:

Momentum: Bullish (Score: 98.8/100) — The stock is still screening as a market leader despite the recent consolidation under the 50-day average. Value: Weak (Score: 2.57) — The setup implies a pricey stock relative to fundamentals, which can raise the bar for execution. Growth: Bullish (Score: 98.67/100) — The market is rewarding the company’s growth profile, which fits the AI power-demand narrative. The Verdict: Bloom Energy’s Benzinga Edge signal reveals a classic High-Flyer setup, with very strong momentum and growth scores paired with a very weak value profile. For longer-term holders, that usually means the trend can stay powerful, but pullbacks can be sharper if expectations cool or the next catalyst disappoints.

Bloom Energy Stock Price Movement in PremarketBE Stock Price Activity: Bloom Energy shares were up 0.92% at $238.40 during premarket trading on Friday, according to Benzinga Pro data.

Read Next

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Jim Cramer is putting semiconductors back on the marquee. The CNBC host teed up an Investing Club call focused on semis for Thursday, Aug. 13, signaling that the AI silicon complex remains the sector he wants members thinking about heading into the back half of 2026. The teaser itself is thin on specifics, but the timing is deliberate: chip earnings this quarter have redrawn the leaderboard, and the group is fracturing between AI infrastructure winners and everyone else.

Here is what the earnings reports are telling investors across the five names most closely tied to Cramer’s semi thesis.

NVIDIA: Still the Center of Gravity
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) delivered $81.61 billion in Q1 FY2027 revenue, up 85.2% year over year, with Data Center alone at $75.25 billion and networking up 199%. Management guided Q2 to $91 billion at a 75% gross margin. Shares are up 19.57% year to date, and Polymarket assigns a 66.5% probability that NVDA hits $232 in August. Cramer’s recurring line on the name: “Own it, don’t trade it.”

AMD: The Data Center Breakout
AMD (NASDAQ:AMD) posted $11.54 billion in Q2 revenue, with Data Center revenue of $6.72 billion (+107% YoY) now representing 58% of the company. CEO Lisa Su called out that “EPYC demand accelerates, Instinct deployments scale and Helios begins to ramp.” The Anthropic deal for up to 2 gigawatts of MI450 Series GPUs materially expands the merchant-GPU TAM. Even after a 7.42% pullback over the last month on margin optics, shares are up 121.48% year to date.

Broadcom: The Custom Silicon Juggernaut
Broadcom (NASDAQ:AVGO) is the pure play on hyperscaler ASICs. Q2 AI semiconductor revenue hit $10.80 billion (+143% YoY), and Hock Tan guided Q3 AI semis to $16 billion, up over 200% year over year. Free cash flow ran at 46% of revenue. Polymarket puts the probability of Q3 AI revenue clearing $15 billion at 91%, with the $16 billion threshold at 73%. This is the ASIC narrative Cramer has been circling for months.

Qualcomm: The Diversification Trade
Qualcomm (NASDAQ:QCOM) is the awkward name in the group. Q3 FY2026 revenue of $9.95 billion came in at the high end of guidance, but handsets fell 20% YoY. The offset: automotive at $1.59 billion, up 61%, marking 23 consecutive quarters of double-digit growth. CEO Cristiano Amon is targeting $40 billion in non-handset revenue by FY2029, with non-handset growth accelerating from 24% in FY2026 to greater than 60% in FY2027. Shares are  down 4.14% year to date, the laggard of the group.

Marvell: The AI Optics Sleeper
Marvell Technology (NASDAQ:MRVL) is the second custom-silicon and optical interconnect leg of the ASIC trade. Q1 FY2027 revenue hit a record $2.418 billion (+28% YoY), with Data Center at 76% of the mix. CEO Matt Murphy flagged “exceptional AI-related bookings” and raised the FY2027 and FY2028 outlook. The Celestial AI and XConn acquisitions plus the NVLink Fusion partnership with NVIDIA anchor the photonics story. Shares are up nearly 155% year to date.

What the Setup Signals
The five names split cleanly into three trades: merchant GPU compute (NVDA, AMD), custom ASIC and networking (AVGO, MRVL) and the diversification rebuild (QCOM). Cramer’s Thursday call is unlikely to unveil a new name so much as reinforce which lane he thinks investors should be overweight as hyperscaler CapEx compounds. On the AI infrastructure side, “real countries are buying these chips in droves for their sovereign AI programs” is the demand story that keeps expanding beyond the handful of U.S. hyperscalers. That backdrop is what keeps this sector at the center of investor attention.

Contact [email protected] for any questions or corrections.

The same business deserves the same multiple. On the evidence, Freddie may deserve more.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Oksenholt Capital Management LLC today released a valuation analysis challenging Pershing Square’s decision to value Freddie Mac (FMCC) at a materially lower earnings multiple than Fannie Mae (FNMA).

"Freddie’s normalized earnings deserve at least Fannie’s multiple. When you look at the capital efficiency, growth and competitive momentum, I think there is a real argument that Freddie should get the higher multiple.”

Share Let’s start with where we agree. Bill Ackman and Pershing Square have done valuable work showing why Fannie and Freddie may be worth far more than today’s market prices imply. These are exceptional franchises. Our disagreement is narrower, but important. Pershing’s January 16, 2025 presentation valued Fannie at roughly 15.0x earnings and Freddie at 14.5x. [1] Its November 18, 2025 relisting presentation moved Fannie up to 16.0x and Freddie down to 13.0x. [2] The businesses did not suddenly become three turns apart. The operating record points the other way.

“Bill Ackman is obviously a very smart and successful investor. That doesn’t mean he gets every assumption right,” said Jon Oksenholt, founder of Oksenholt Capital Management LLC. “On this one, I think Pershing has it backward. Freddie’s normalized earnings deserve at least Fannie’s multiple. When you look at the capital efficiency, growth and competitive momentum, I think there is a real argument that Freddie should get the higher multiple.”

Start with earnings. In the first half of 2026, Fannie earned approximately $7.7 billion and Freddie approximately $7.4 billion. We do not capitalize a single quarter or pretend reserve releases are recurring income. Our analysis normalizes reserve releases, provisions and other nonrecurring items on the same basis for both companies. Even after doing that work, we find no durable reason to pay 16x for a dollar of Fannie earnings and only 13x for the same dollar earned at Freddie.

The capital numbers matter too. Fannie reported a 10.4% illustrative return on average required CET1 for the first quarter of 2026. Using Freddie’s disclosed required-CET1 figures and first-quarter net income, we calculate a comparable return of approximately 12.3%. That is our calculation, not a Freddie-reported ROE. We use it as a cross-check, not as a shortcut. But those numbers certainly do not make the case for a discount.

Freddie has also gained ground in the market. FHFA’s 2026 deemed-issuance ratio is 52% Freddie and 48% Fannie. From 2019 through 2021, the split was 40% Freddie and 60% Fannie. Deemed issuance is not a valuation formula, and we are not pretending it is. But it is a meaningful fact: Freddie has gained ground. That should matter when somebody is trying to justify a permanent discount.

And this is not a small difference for Freddie shareholders. Keep every other Pershing assumption unchanged and move only Freddie’s multiple from 13x to 16x. The indicated FMCC value rises from approximately $44.13 to $54.31 per share. Using the modeled fully diluted share count, that is roughly $32.9 billion of equity value. The calculation is illustrative and depends on the assumed capital structure, including Treasury’s warrants and other dilution. But one unexplained assumption is moving tens of billions of dollars of value.

“A three-turn discount is a very big deal,” said Jon Oksenholt. “Fannie and Freddie have the same regulator, do essentially the same business, serve the same housing mission, issue into the same UMBS market and jointly own U.S. Financial Technology LLC. Freddie is earning about as much, using capital efficiently and gaining share. If Pershing believes Freddie deserves 13x while Fannie deserves 16x, show us the math. Freddie’s longtime and smaller shareholders deserve a voice. I intend to be that voice. One large investor’s unsupported discount should not set the terms of a merger or policy decision and shift billions away from Freddie shareholders.”

Separate or Combined, Freddie’s Value Comes First

We are not saying Fannie and Freddie have to merge. Keeping two separately traded companies may preserve real competition, benchmarking and price discovery. Ackman suggested a combination in August 2025, citing possible operating and trading synergies. [3] It remains only a proposal; no merger may ever occur, and later reporting identified substantial legal and structural obstacles. [4]

What we should not do is start the merger math with Freddie already marked down. Value both companies fairly on a standalone basis first. Set the exchange ratio second. Then add the merger savings and share them fairly. Those savings come from the transaction; they should not be used as an excuse to take value from Freddie shareholders before the deal even starts.

The Multiple May Be Too Low for Both

The debate may not end at 13x versus 16x. Fannie and Freddie are scarce, government-chartered mortgage franchises with recurring guaranty-fee income, enormous barriers to entry and indispensable roles in U.S. housing finance. They also share the infrastructure behind the UMBS market. Very few businesses occupy comparable positions.

Relisting, a real path out of conservatorship, retained earnings, capital reform, operating savings and policy action under President Trump could support much higher valuations over time. Nobody knows the timing or the final terms. Still, plenty of companies with weaker businesses trade at higher multiples. We can debate the right absolute number separately. The point here is much simpler: we do not see a sound reason for starting Freddie three turns below Fannie.

Look Forward, Not Backward

The current conservatorship is not supposed to be the permanent end state. In our view, the Trump administration and FHFA Chairman William J. Pulte are doing important work to improve and strengthen businesses that were neglected for far too long. Pulte recently wrote that Fannie and Freddie "continue the historic ascension under President Trump." [5] FHFA has also emphasized efficiency, accountability, growth and changes intended to improve the mortgage market. We welcome that direction. These companies should be run as strong businesses, and investors should value what they may become rather than only the structure they inherited.

President Trump has been direct as well. He has said publicly that he is working on “TAKING THESE AMAZING COMPANIES PUBLIC.” In a 2021 letter to Senator Rand Paul, he said he would have directed FHFA to release the enterprises from conservatorship and called the prior treatment of investors a “travesty.” We do not claim to know the timing, structure or treatment of any security. We do take the direction seriously. We believe investors should analyze Fannie and Freddie as future public companies, not permanent wards of the government.

If you look at the companies that way, 13x versus 16x may eventually seem like the smaller argument. Relisting, a cleaner capital structure and an exit from conservatorship could bring in investors who cannot or will not own these securities today. If the companies are combined, there could be real savings and enormous scale. But Freddie’s value has to be protected first. Establish a fair exchange ratio, and only then divide the benefits created by the merger.

“A lot of the market is waiting to see what the government does next. I understand that,” said Jon Oksenholt. “But as investors, we also have to look at what these companies could be before, during and after relisting or an eventual exit from conservatorship. When I do that, I do not see a reason Freddie should get a lower multiple today. And I think there is a fair question whether both companies may eventually be worth more than 16x.”

Supporting Valuation Analysis

The accompanying Oksenholt Capital Management LLC Freddie Mac Valuation Analysis provides the calculations, comparisons and supporting charts discussed here.

About Oksenholt Capital Management LLC

Oksenholt Capital Management LLC is a private investment firm focused on fundamental, long-term opportunities and special situations.

Important Information

This information and the accompanying valuation analysis are for informational and illustrative purposes only. They are not investment, legal or tax advice, and are not a recommendation, offer or solicitation to buy or sell any security. Information comes from sources believed reliable, but Oksenholt Capital Management LLC does not guarantee its accuracy or completeness. The analyses, estimates and opinions are current only as of the date presented and may change without notice. Oksenholt Capital Management LLC and/or its affiliates hold positions in GSE securities, including Freddie Mac common shares and Fannie Mae and Freddie Mac junior preferred securities, and may change those positions at any time. References to Pershing Square and Bill Ackman rely on publicly available information and are made solely for investment analysis and comparison. Oksenholt Capital Management LLC alleges no misconduct or improper motive.

Sources and Reference Materials

[1] Pershing Square, Fannie Mae and Freddie Mac Presentation, January 16, 2025, pp. 88–89.

[2] Whitney Tilson’s Daily, summary of Pershing Square’s November 18, 2025 Fannie Mae and Freddie Mac presentation (including the 16.0x / 13.0x framework), November 19, 2025.

[3] Reuters, Investor Bill Ackman Proposes Combining Fannie Mae and Freddie Mac, August 10, 2025.

[4] Reuters, Pershing Square’s Ackman Says Fannie-Freddie IPO ‘Not Feasible or Desirable’ Now, November 18, 2025.

[5] William J. Pulte (@pulte), X post: "I am excited to spend even more time on Fannie Mae and Freddie Mac, as the companies continue the historic ascension under President Trump." https://x.com/pulte/status/2083605173855801528

Freddie Mac Slide Presentation: https://oksenholtcapital.com/equities#freddie-mac-slide-presentation

Freddie at a Glance: https://oksenholtcapital.com/equities#freddie-at-a-glance

SoFi Technologies (SOFI +2.73%) shares have been on a disappointing trend. As of Aug. 12, they have fallen 32% in 2026. And they trade 45% below their peak from last November.

That performance takes away from the underlying company's solid financial results. Lending activity has been exceptional, as SoFi's loan originations totaled $14.8 billion in the second quarter (ended June 30), up 69% year over year. The growth is superb.

Personal loans continue to be the focal point, with record originations of $10.7 billion in Q2. But investors should understand where this fintech stock's credit risk actually sits.

Image source: Getty Images.

Take a closer look at the loan book
SoFi's headline numbers were terrific. Last quarter, it reported year-over-year revenue growth of 43%. Net income soared 61% compared to Q2 2025. The digital bank also added 1.1 million net new customers, and now commands a user base of 15.8 million members.

It's hard to find any faults with SoFi's impressive trajectory. As with any lender, however, there is credit risk. And because this company leans heavily on personal loans, an unsecured product with shorter terms and higher monthly payments, it's worth taking the time to look under the hood.

Of the $10.7 billion in personal loans originated in the second quarter, "$7.6 billion was originated for our balance sheet," said chief financial officer Chris Lapointe on the Q2 2026 earnings call. The rest was sold via the loan platform segment, offloading risk to third parties.

SoFi's balance sheet currently categorizes $27.6 billion, or 100%, of its personal loans as held for sale. But there isn't a strict amount that is kept or sold. It likely depends extensively on market demand and maintaining adequate capital ratios.

If a recession leads to deteriorating credit conditions that pressure borrowers' ability to make payments, SoFi could see higher defaults and losses. As of June 30, personal loans accounted for 57% of the business's entire loan book. What's encouraging, though, is that the net charge-off rate for personal loans was 3.7% in Q2, down from 4.5% in the year-ago period.

Today's Change

(

2.73

%) $

0.49

Current Price

$

18.43

Shareholders should certainly be encouraged by the company's ability to drive substantial personal loan growth, especially at a time when the Federal Reserve is leaning away from taking an accommodative stance and cutting rates. The demand is robust. And it could lead to durable interest or fee income for SoFi.

Don't forget, however, that an increase in originating record volume is only a positive development if credit risk is properly managed and controlled. Understanding this takes more effort on the part of investors.

So far, SoFi looks to be in good shape, as indicated by its strong financial results. But investors should pay close attention to the lending book's credit performance for any signs of weakness.

Etoro (ETOR +1.65%) stock is falling this week despite a better-than-expected second-quarter report. The trading platform specialist's share price was down 17.9% in the week's trading heading into Friday's market open.

Etoro published its Q2 results on Aug. 11 and reported sales and earnings for the period that topped Wall Street's forecasts. On the other hand, investors are taking a cautious approach to the company's near-term outlook and to the announcement of a significant acquisition.

Image source: Getty Images.

Etoro sinks despite Q2 beats Etoro recorded non-GAAP (adjusted) earnings of $0.68 per share on sales of $229 million in the second quarter. The average analyst estimate called for adjusted earnings per share of $0.61 on revenue of roughly $225.7 million. Revenue in the period was up 9% year over year, and adjusted income increased roughly 17% to $63 million.

Today's Change

(

1.65

%) $

0.47

Current Price

$

28.94

Investors aren't sure about Etoro's new acquisition and outlook With its Q2 report, Etoro announced that it will be buying U.S. trading platform TradeZero in a $231 million deal. Investors and analysts appear to be split on the value of the move, and multiple investment firms noted some uncertainty surrounding the deal as a factor in lowering their price targets on the stock.

Additionally, some analysts were concerned about the key performance metrics that the company shared for July. While funded accounts rose 18% year over year in the month to reach 4.32 million, assets under administration declined 5% year over year to $18.5 billion.

Cryptocurrency activity saw substantial drawdowns, and trading activity for capital markets and equities, commodities, and currencies was flat. With trading momentum on the platform decelerating and some questions about the TradeZero acquisition, Etoro could remain under pressure in the near term.

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

SanDisk (NASDAQ: SNDK) laid out its Investor Day targets on August 13, presenting a new financial model that sent the stock price soaring 14% and reinforced analyst confidence in long-term Sandisk stock price targets.

Evercore ISI analyst Amit Daryanani reiterated an ‘Outperform’ rating and $2,800 price target on the company, highlighting the potential for higher margins, improved free cash flow, and capital returns.

Indeed, SanDisk management outlined long-term financial targets through fiscal 2030, including mid-to-high-teens revenue growth, approximately 80% gross margins, roughly 75% operating margins, and about 50% adjusted free cash flow margins. 

On his part, Daryanani believes SanDisk could sustain gross margins around 80% through the peak of the current semiconductor cycle, supported by NAND prices that have more than tripled over the past year, before settling at roughly 65%-70% post-peak. 

The analyst also estimates SanDisk could generate as much as $35 billion in annual free cash flow during the early stages of the cycle, potentially supporting substantial buybacks beginning in 2027.

A potentially crucial catalyst comes in the shape of the company’s High-Bandwidth Flash (HBF) technology. SanDisk expects to begin shipping HBF samples in 2027 and says the technology is designed to deliver HBM-class read bandwidth with approximately 16 times the capacity. 

Mizuho doubles on its Sandisk stock price target on HBF optimism
Mizuho Securities analyst Vijay Rakesh likewise reiterated an ‘Outperform’ rating and a $1,900 Sandisk stock price prediction 2026, focusing primarily on the aforementioned HBF technology, which the company believes can deliver HBM-like bandwidth at a fraction of the cost. 

Notably, Rakesh estimates a 16-stack HBF configuration could provide HBM-like bandwidth at roughly one-eighth the cost while offering 8-16x the capacity at a similar cost to HBM. SanDisk expects its first HBF dies and controllers in the C26E/C27E timeframe, with potential revenue beginning in C28E.

However, SanDisk emphasized that HBF is not necessarily intended to replace HBM. Instead, the technology could enable disaggregated memory architectures for AI inference, potentially improving system economics and efficiency, and the company is already working with major technology players, including Google (NASDAQ: GOOGL).

Moreover, Mizuho expects NAND pricing to remain supportive and sees demand as stronger than current consensus assumptions. While consensus estimates call for 2027 ASPs to decline 15-20% year over year, Mizuho expects ASPs to remain roughly flat to higher, citing strong demand from agentic and edge AI, HBF, and undersupplied consumer markets.

Wall Street Sandisk stock consensus
Citi analyst Asiya Merchant also reiterated a ‘Buy’ rating on SanDisk, as did Barclays’ Thomas O’Malley, with $2,100 and 2,300 price targets, respectively.

With these numbers, the average SNDK share price target for the next 12 months sits at $2,181, which suggests a nearly 43% upside potential from the current levels, based on the latest TipRanks data.

Sandisk price target 2026. Source: TipRanks
As per the same data, Sandisk is currently rated a ‘Strong Buy,’ with 14 buying and two holding recommendations over the past three months.

Featured image via Shutterstock

In the world of asset management, BlackRock (BLK +1.89%) stands out among the rest. BlackRock ushered in the era of passive investing and exchange-traded funds (ETFs) and has become a powerhouse in financial services, with a staggering $15.3 trillion in assets under management (AUM).

BlackRock continues to evolve and build on its strong foundation, offering a range of products for its diverse clientele. In the process, the company continues to grow its AUM and, more importantly, its profit margins in the competitive financial industry.

Here's what BlackRock's massive scale earns it and why it's well-positioned to continue building on its growth.

Image source: Getty Images.

BlackRock capitalizes on specialized investments to drive strong margin growth
While BlackRock's staggering $15.34 trillion AUM captures attention, the company is seeing strong revenue growth and operational leverage that outpace its impressive asset growth. In the second quarter, AUM increased by 22%, while revenue increased by 31% to $7 billion. Meanwhile, adjusted operating income grew 42% to $2.92 billion, while adjusted operating margin increased from 43.3% to 45.9% -- its highest in nearly five years.

This margin growth is more important because it shows the company isn't focused purely on increasing AUM but on providing in-demand financial products that deliver strong margins. CEO Larry Fink said in the company's release, "The scale and depth of our client relationships globally have never been greater."

Today's Change

(

1.89

%) $

21.93

Current Price

$

1,182.84

The company's mix has shifted over time as it prioritizes specialized, high-margin vehicles where BlackRock's expertise shines through. For example, private markets and alternative investments account for only 3% of BlackRock's total AUM but contribute 15% of its total base fees.

Broken down by investment styles, BlackRock's active investment strategies, which include equities, fixed income, and alternatives, represent 24% of AUM but generate 42% of its total fees. Over the past year, its institutional active assets have seen inflows of $106 billion, while institutional index assets, which earn significantly lower fees, have seen outflows of $104 billion.

BlackRock's technology platform provides an alternative source of revenue
In addition, technology is a stream of non-market-related revenue that helps serve "sticky" clients and provides recurring revenue. Unlike asset-based fees, which can decline during market downturns, technology revenue offers greater stability.

The company has taken steps in recent years, including integrating Preqin and eFront, allowing its Aladdin technology to incorporate private market data directly into its risk management ecosystem. Subscription revenue was $566 million, up 13% year over year, while annual contract values, which provide insight into future growth, grew by 15%.

BlackRock's massive scale and stellar margins make it a financial stock to own long-term
BlackRock has done an excellent job building its investment platform, and the recent quarter shows it's effectively monetizing its scale. The company has integrated high-margin alternative and active investments along with technology offerings into its platform, diversifying earnings and delivering stellar profit margins.

Following its strong quarter, BlackRock updated its share buyback target to $2 billion. This, coupled with its 2% dividend, shows a company that steadily rewards shareholders over time. For investors seeking exposure to the financial sector, BlackRock is a solid stock to buy today.

, /PRNewswire/ -- Reckitt Benckiser Group plc ("Reckitt") (LSE: RKT) announced today (i) the expiration and results of its wholly-owned subsidiary, Mead Johnson Nutrition Company's ("MJN"), previously announced cash tender offer (the "Tender Offer") to purchase any and all of its outstanding 4.600% Senior Notes due 2044 (CUSIP No. 582839 AG1; ISIN US582839AG14) (the "Notes") and (ii) receipt of consents in connection with MJN's previously announced solicitation of consents (the "Consents") from registered holders (each, a "Holder" and, collectively, the "Holders") of the Notes (the "Consent Solicitation") to proposed amendments to the indenture governing the Notes, as supplemented (the "Indenture"), providing for, among other things, the elimination of substantially all of the restrictive covenants and certain events of default and the release of Reckitt's guarantee of the Notes (the "Proposed Amendments"). The terms and conditions of the Tender Offer and the Consent Solicitation are described in the Offer to Purchase and Consent Solicitation Statement, dated August 5, 2026 (the "Statement").

$400,415,000 aggregate principal amount of Notes were validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on August 13, 2026 (the "Expiration Time") pursuant to the Tender Offer and Consents delivered pursuant to the Consent Solicitation. The settlement date for Notes validly tendered and not validly withdrawn prior to the Expiration Time and accepted for purchase by MJN is expected to be August 18, 2026 (the "Settlement Date"). Holders of Notes that were validly tendered and not validly withdrawn prior to the Expiration Time will receive the total consideration of $898.00 per $1,000 principal amount of Notes tendered and accepted for purchase, plus accrued and unpaid interest from the last date on which interest had been paid to, but excluding, the Settlement Date. $99,585,000 in aggregate principal amount of Notes will be outstanding on the Settlement Date after giving effect to the settlement of such tendered Notes.

The Tender Offer and the Consent Solicitation expired at the Expiration Time and no tenders of Notes submitted after the Expiration Time are valid. The Tender Offer and the Consent Solicitation were subject to the satisfaction or waiver of certain General Conditions (as defined in the Statement), all of which were satisfied or waived as of the Expiration Time.

In conjunction with receiving the Requisite Consents (as defined in the Statement), MJN intends to execute a supplemental indenture with respect to the Indenture (the "Supplemental Indenture") to effect the Proposed Amendments. The Supplemental Indenture is expected to become operative on the Settlement Date. Upon becoming operative, the Proposed Amendments will apply to all Holders of the Notes remaining outstanding after the Settlement Date, and Holders may obtain the Supplemental Indenture from Reckitt upon request.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. Neither the delivery of the Statement nor any purchase of Notes nor acceptance of Consents shall, under any circumstances, create any implication that there has been no change in MJN or its affiliates' affairs since the date thereof, or that the information included in the Statement or incorporated by reference therein is correct as of any time subsequent to the date thereof, as applicable.

Deutsche Bank Securities Inc. and Merrill Lynch International are the dealer managers in the Tender Offer and the solicitation agents for the Consent Solicitation (each a "Dealer Manager"). Global Bondholder Services Corporation has been retained to serve as the tender and information agent (the "Tender and Information Agent") for the Tender Offer and the Consent Solicitation. Questions regarding the Tender Offer and the Consent Solicitation should be directed to the Dealer Managers at Deutsche Bank Securities Inc., Telephone (Europe): +44 20 7545 8011, Telephone (U.S.): +1 (212) 250-2955 and Telephone (U.S. Toll Free): +1 (866) 627-0391 and Merrill Lynch International, Telephone (Europe): + 44 20 7996 5420, Telephone (U.S. Toll Free): +1 (888) 292-0070 and Telephone (U.S.): +1 (980) 387-3907. Requests for copies of the Statement and other related materials should be directed to the Tender and Information Agent, Telephone (U.S. Toll Free): +1 (855) 654-2015, Telephone (U.S. Collect): +1 (212) 430-3774, Email: [email protected], Website: https://www.gbsc-usa.com/meadjohnson.

About Reckitt and MJN

Reckitt makes the products people trust to care for the ones they love. Reckitt is home to some of the world's best-loved consumer health and hygiene brands, including Dettol, Durex, Finish, Gaviscon, Harpic, Lysol, Mucinex, Nurofen, Strepsils, Vanish and Veet. Consumers are at the heart of everything Reckitt does. By creating innovative, science-backed solutions, Reckitt supports people every day to live healthier lives. Reckitt exists to protect, heal and nurture in the pursuit of a cleaner, healthier world. This commitment goes beyond the products it makes. Through its actions, Reckitt expands access to healthcare, education and economic opportunities. Reckitt supports the planet by reducing waste, conserving resources and driving sustainable innovation. Reckitt believes good health starts at home. With every action it takes, Reckitt strives to make its consumers' lives easier, cleaner and healthier, to strengthen communities and to create a more sustainable future. Find out more or get in touch with Reckitt at www.reckitt.com.

*Reckitt is the trading name of the Reckitt Benckiser group of companies

MJN, a wholly owned subsidiary of Reckitt, is a global provider of paediatric nutrition products. Its "Enfa" family of brands includes Enfamil infant formula and other established brands in the sector.

Forward-Looking Statements

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target," "trajectory" or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by Reckitt and its subsidiaries, including MJN (together, the "Group") in light of the Group's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors the Group believes are appropriate in the circumstances.

These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include the general economic, business, political, geopolitical and social conditions in the key markets in which the Group operates; the Group's ability to innovate and remain competitive; the Group's investment choices in its portfolio management; the ability of the Group to address existing and emerging environmental and social risks and opportunities; the ability of the Group to manage regulatory, tax and legal matters, including changes thereto; the reliability of the Group's technological infrastructure or that of third parties on which the Group relies including the risk of cyber-attacks; interruptions in the Group's supply chain and disruptions to its production facilities; economic volatility including tariffs, and increases in the cost of labor, raw materials and commodities; the execution of acquisitions, divestitures and business transformation projects; product safety and quality, and the reputation of the Group's global brands; and the recruitment and retention of key management.

All forward-looking statements set forth in this release are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to or effects on us or our business or operations. Forward-looking statements set forth in this release speak only as of the date hereof, and we do not undertake any obligation to update forward-looking statements to reflect subsequent events or circumstances, changes in expectations or the occurrence of unanticipated events, except to the extent required by law.

Contact Details
Catheryn O'Rourke
+44 (0) 1753 217 800
General Counsel & Company Secretary

Nick Ashworth
+44 (0) 7408 812350
Investor Relations

SOURCE Reckitt

Concentrix: High Debt and Struggling MarginsConcentrix NASDAQ: CNXC said its investments in artificial intelligence are reshaping its customer-experience business, with management emphasizing higher-margin technology and services revenue even as near-term sales growth faces pressure from accelerated offshoring and selected client spending changes.

Speaking at a Canaccord event, Chief Executive Officer Chris Caldwell described Concentrix as a global customer-experience provider operating in about 75 countries with revenue of just under $10 billion. He said the company’s work extends beyond call centers and includes designing customer-experience systems, implementing the technology behind them, and providing the associated services.

Get Concentrix alerts:

Caldwell said the company has long-standing client relationships, with its top 25 customers averaging roughly 18 years of tenure. He also highlighted geographic diversification, saying approximately one-third of revenue comes from North America-based clients, one-third from Europe-based clients, and one-third from Asia-Pacific-based clients. Its top 10 clients account for less than 20% of revenue, he said.

AI bookings rise as company prioritizes margin expansion While Caldwell characterized recent revenue growth as “relatively anemic,” he said Concentrix is making progress in deploying its Intelligent Experience, or IX, offerings. AI solution contract bookings increased 400% year over year in the company’s second quarter, according to Caldwell.

The IX suite includes fully autonomous tools that can handle customer interactions such as calls and chats, as well as AI tools designed to augment employees and improve productivity. Caldwell said the company is seeing its strongest momentum in the human-augmentation category, where customers can see operational savings and process improvements from technology deployments.

Concentrix expects IX annual recurring revenue to reach about $120 million by the end of the year, up from nearly nothing a little more than a year ago, Caldwell said. The suite currently influences roughly $1.4 billion to $1.5 billion of company revenue.

Management said AI deployments can initially reduce revenue as automation takes effect. Caldwell said revenue commonly declines during the first one or two months of a deployment, bottoms around months six or seven, and then begins growing. After a year, clients using the platform have generally grown faster than Concentrix’s corporate average and faster than before the technology was implemented, he said.

Caldwell also said that after a year of deployment, non-GAAP operating income has increased by about 350 basis points for affected clients. He attributed that improvement to greater operating efficiency, improved pricing and additional volume, as well as software revenue generated through SaaS-style charges.

Offshoring pressure accelerates Management said accelerated offshoring has become a larger revenue headwind than initially anticipated. The company entered the year expecting a 200-basis-point headwind but now expects about 300 basis points, Caldwell said.

About 15% of Concentrix’s business can potentially be delivered from a lower-cost location than where it is currently performed, he said. The company expects that figure to decline to around 11% by year-end as work transitions offshore.

Caldwell said the trend is being driven by clients seeking cost savings after not receiving as much value as expected from certain AI investments. Though offshoring reduces revenue dollars, he said gross-margin dollars remain comparable and the transition becomes more accretive after implementation, which typically takes three to four quarters.

He expects offshoring to remain a recurring industry headwind, though at a more normal annual level of roughly 150 to 200 basis points after the current acceleration. Some work is likely to remain onshore because of brand, customer-service or “white glove” requirements, he said.

Separately, Caldwell said some large clients have pulled back support for certain small-business customer segments, particularly in higher-cost European and Asia-Pacific markets, while directing more investment toward enterprise customers. He characterized that development as narrow and specific to a limited customer set rather than a broader trend across Concentrix’s client base.

Deployment capacity and human interaction remain important Caldwell said deployment capacity is currently constraining the pace at which Concentrix can roll out IX technology. The company is seeking technical talent and forward-deployed engineers, while also working to shorten implementation cycles through more self-service capabilities and improved onboarding tools.

He said autonomous AI has expanded the types of tasks that can be automated, including collections in some countries and application-related processes. However, management believes human interactions will remain important in higher-stakes customer moments, such as healthcare questions or resolving a problem with a brand.

Caldwell also said increased automation does not necessarily reduce customer-contact volumes. Faster, easier access to service can lead consumers to contact brands more frequently, he said, while clients seek to use those interactions to improve sales, loyalty, customer service and overall delivery costs.

Cash flow targeted for debt reduction Chief Financial Officer Andre Valentine said Concentrix expects margin improvement to continue through the second half of the year, supported by IX adoption, offshoring, and restructuring actions that use AI in back-office and general-and-administrative functions.

Valentine said the company expects free cash flow of $630 million to $650 million this year. Management plans to use the majority of that cash flow, after dividends, to reduce debt. The company is targeting leverage below 2.6 times this year and around 2.2 times by the end of fiscal 2027.

Share repurchases remain paused while debt is reduced, although Valentine said buybacks could return if management continues to view the shares as undervalued. He added that Concentrix would also consider accretive acquisitions that fit its long-term strategy.

About Concentrix (NASDAQ:CNXC)Concentrix Inc NASDAQ: CNXC is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.

Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Should You Invest $1,000 in Concentrix Right Now?Before you consider Concentrix, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Concentrix wasn't on the list.

While Concentrix currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report

NuScale Power (SMR +2.71%) is worth about $4.2 billion at today's stock price. Its revenue over the past 12 months totals about $10.7 million.

With a gap that wide, the market is paying for what the small modular reactor (SMR) developer might build (reactors for the utilities and artificial intelligence (AI) data-center operators now shopping for around-the-clock power), not for anything it sells today. That isn't automatically a mistake, of course. But the United States has run the new-reactor experiment before, recently, and the results are worth having in hand before paying for this one.

Image source: The Motley Fool.

The 26-to-2 record In the late 2000s, the United States launched what was called a nuclear renaissance. By mid-2009, utilities had filed combined license applications with the U.S. Nuclear Regulatory Commission (NRC) for 26 new reactors at 17 sites.

Two of them were finished.

Georgia's Vogtle Units 3 and 4, originally estimated at $14 billion and expected in service in 2016 and 2017, entered commercial operation in July 2023 and spring 2024. The final cost was more than $30 billion. Seven years late, more than double the money.

South Carolina's V.C. Summer expansion got far enough to start construction before its utilities halted the project in 2017. The rest never produced an operating reactor. Some were withdrawn or suspended, and several won licenses only to be left to lapse. And when Vogtle's second new unit entered service in 2024, no other reactor was under construction anywhere in the country.

The failure mode wasn't the technology. Nuclear projects died in the delivery -- the years and the billions between an application and a working plant.

NuScale's answer NuScale's pitch is aimed at exactly that problem. Its 77-megawatt reactor modules are built in a factory rather than assembled on site, and they can be deployed in configurations of up to 12 modules per plant. The company holds the only SMR design certification the NRC has issued, and it received approval for an updated design in May 2025.

It also says it has built a supply chain of more than 60 partners and has executed over 30 supply agreements. But a 12-module plant tops out at 924 megawatts -- less than a single new Vogtle unit produces.

"[T]he question for off-takers is no longer whether to go with nuclear -- it is which technology can actually deliver, and when," CEO John Hopkins said in the company's second-quarter release.

The financials, however, describe a company still waiting for its market to arrive. Second-quarter revenue came in at $75,000, down from $8.1 million a year earlier, when NuScale was still collecting engineering fees from its Romanian project work. That work wrapped up in late 2025, and revenue for the first half of 2026 totaled just $640,000. The company's second-quarter net loss attributable to its Class A shareholders was $47.5 million.

NuScale does hold $1.9 billion in cash and investments, so it can fund itself for years to come. But that cushion has come from shareholders. The weighted-average Class A share count nearly tripled year over year, to about 365 million shares, and the company added a new $750 million at-the-market stock sale program on Tuesday.

Today's Change

(

2.71

%) $

0.26

Current Price

$

9.85

Two deals, both pending To me, the last cycle sets a clear test for a growth stock like NuScale: not interest, not agreements to study -- a signed, funded order.

Neither of NuScale's two lead opportunities has reached that line yet. The Tennessee Valley Authority is in discussions with ENTRA1 Energy, NuScale's commercialization partner, toward a definitive power purchase agreement the company says would potentially be the largest nuclear deployment program in U.S. history. And in Romania, the six-module RoPower project, the most advanced SMR effort in Europe by NuScale's description, is still working through conditions attached to a shareholder vote to advance it.

Both could get there. Sure, this cycle has something the last one lacked: a new class of buyer in data-center operators, with urgent power needs and deep pockets. But the last boom had committed utilities, federal support, and 26 proposed reactors on file. It ultimately produced two reactors, both late and far over budget.

A $4.2 billion valuation on $10.7 million of trailing sales is arguably priced for the moment the orders arrive. In the last cycle, getting the order turned out to be the easy part.