Track market-moving stories before they get noisy

As the software market evolves, investors are weighing the stability of creative giants against the high-octane growth of workflow automation leaders. Choosing between Adobe (ADBE 0.65%) and ServiceNow (NOW 2.06%) requires looking past their massive market caps.

Adobe dominates the digital media space with its suite of creative tools, while ServiceNow powers enterprise productivity through its digital workflow platform. Both companies represent essential infrastructure for modern businesses but offer different paths for growth and profitability in the tech sector.

The case for AdobeAdobe provides a comprehensive suite of creative, document, and experience software, including the well-known Creative Cloud and Adobe Express. The company serves a diverse range of customers from individual creators to global enterprises among tech stocks. Recently, it acquired Topaz Labs in June 2026 to enhance its AI-focused video and image processing tools.

In FY 2025, revenue reached nearly $23.8 billion, representing a growth rate of roughly 11% over the previous year. The company reported net income of approximately $7.1 billion for the same period. This resulted in a net margin of close to 30.0%, which measures how much of every dollar in sales is kept as profit.

As of its November 2025 balance sheet, the debt-to-equity ratio was about 0.6x. The current ratio, which measures the ability to cover short-term bills, was approximately 1.0x. Adobe generated roughly $9.9 billion in free cash flow, which is the cash left after paying for operations and capital equipment.

The case for ServiceNowServiceNow offers an AI-driven platform designed to connect people and processes through automated workflows across IT, HR, and security departments. It serves more than 8,700 enterprise customers and maintains deep partnerships with giants like Amazon and Alphabet. The company recently completed its acquisition of Armis Security in April 2026 to strengthen its asset intelligence capabilities.

In FY 2025, the company generated revenue of approximately $13.3 billion, which is a 20.9% increase from the prior fiscal year. Net income for the period was roughly $1.7 billion. Its net margin was nearly 13.2%, reflecting the portion of revenue remaining after all expenses are paid.

As of its December 2025 balance sheet, the debt-to-equity ratio was approximately 0.2x and the current ratio, which tracks short-term liquidity, was about 0.9x. Free cash flow reached nearly $4.6 billion. Note that stock-based compensation represented roughly 35.9% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.

Risk profile comparisonAdobe faces significant pressure from rapidly changing artificial intelligence technologies that require continuous, heavy investment. Failure to effectively monetize these new AI solutions or potential intellectual property claims could hurt the brand. Additionally, the sudden resignation of CFO Dan Durn in June 2026 has created management uncertainty, while a shareholder class action lawsuit adds potential litigation exposure.

ServiceNow recently took on more debt with a $4 billion bond sale to finance its Armis Security acquisition. The company also operates in a crowded market against heavyweights like Microsoft, Salesforce, and SAP. Any security breach on its complex platform could damage customer trust, and its reliance on third-party partners for implementation creates risks if those partners underperform.

Valuation comparisonAdobe currently offers a lower Forward P/E, which tracks price against future earnings estimates, and a lower P/S ratio, measuring price against sales.

MetricAdobeServiceNowSector BenchmarkForward P/E8.3x23.7x36.4xP/S ratio3.4x7.6xSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

I'd go with ServiceNow. Adobe has built an enviable creative software franchise, and the recent stock pullback has made the valuation more reasonable than it's been in years. The company is posting record revenue and investing aggressively in AI. But the market is still waiting for proof that Adobe's AI tools can become a durable growth engine rather than just a defensive move to protect its existing business.

ServiceNow doesn't carry that same doubt right now. The company is growing subscription revenue at a strong double-digit clip, repeatedly raising its outlook, and positioning itself as the governance layer enterprises need as they roll out AI agents across IT, HR, and customer service. That's a smart place to sit as companies figure out how to deploy AI responsibly. Wall Street has taken notice, with several analysts turning more bullish in recent months.

Adobe could be a great turnaround story eventually. But ServiceNow is proving its AI strategy works today, not just promising that it will.

Shares of custom chipmaker Broadcom (AVGO +1.12%) have been under pressure of late. They're up about 8% for the year, but it wasn't all that long ago that the stock was flying much higher, at nearly $500. As of Monday's close, however, it was at just $372 -- down 25% from its recent high.

The company, however, did announce a new custom chip that could lead to some exciting growth opportunities ahead for the business, focused on inference. Could this be the catalyst that could lift the tech stock to new heights?

Image source: Getty Images.

Broadcom partners with OpenAI on new LLM-optimized processor Last week, Broadcom unveiled a chip that could spice up its growth, called Jalapeño. It's a chip that centers around OpenAI's vision for artificial intelligence (AI), and that's designed for large language models (LLMs). The processor is modeled to meet the needs of agentic AI workloads, which have been growing in importance as tech companies have developed cutting-edge models that are now able to take on multi-step processes, focusing more on inference rather than development.

Broadcom says that while it is still in testing, Jalapeño's per-watt performance is "substantially better than current state-of-the-art." This is key for not only OpenAI, which owns the popular ChatGPT chatbot, but also other companies that are investing heavily in AI and that need greater efficiency. This can unlock significant revenue from OpenAI, and it could help Broadcom develop similar chips for companies involved with other chatbots.

Today's Change

(

1.12

%) $

4.17

Current Price

$

376.62

Should you buy Broadcom stock right now? Broadcom's most recent quarterly results weren't enough to give the stock a boost, even though its revenue rose by 48% to $22.2 billion. The challenge for Broadcom is that with a high valuation -- the stock trades at more than 60 times earnings -- the bar is set fairly high. The launch of Jalapeño may be the catalyst the business needs for the stock to get to new highs.

At a reduced price and with plenty of growth opportunities still out there for the business, now could be an enticing time to buy Broadcom's stock. There's still some risk due to its high valuation and the expectations that will inevitably come with it, but with Broadcom being a trusted partner among key hyperscalers and being well-positioned to meet the needs of AI models, now could be a good time to buy the stock and hang on for the long haul.

David Jagielski, CPA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Broadcom. The Motley Fool has a disclosure policy.

Jun 30, 2026, 10:48 a.m.

3 min read

Bitcoin price (CoinDesk data)Summary

Bitcoin and ether tested critical multiyear support levels, with ether at a price it has bounced from twice before and bitcoin near its lowest since late 2024.Open interest in dogecoin jumped to the highest since the October crash, but on negative funding and aggressive selling. BTC puts continued trading at a double-digit premium to calls, signaling demand for downside protection even though volatility indexes are subdued.A handful of tokens are bucking the trend, with stellar (XLM) holding gains from DTCC's Stellar integration news and lighter (LIT) up 23% over the past week on similarities to the outperforming HYPE token.Bitcoin BTC$58,923.36 fell 1.5% on Tuesday after failing to hold above $60,000 on Monday. It now trades at $59,250, looking set to challenge the weekend lows of $58,800. Ether (ETH) is down by 1.73% since midnight UTC, trading at $1,580 after failing to break through $1,640.

Both assets are now testing critical multiyear support levels. Ether has bounced from this level twice before, in April 2025 and October 2023, while bitcoin is trading around its lowest point since late 2024. A failure to hold would leave both tokens without an obvious floor.

The altcoin market saw exaggerated downside on Tuesday, with DeFi tokens ethena (ENA), jupiter (JUP) and ether.fi (ETHFI) all falling between 3.3% and 7.5% as risk appetite continues to wane.

The weakness stands in contrast to traditional markets, where U.S. equities have been steady since midnight. The S&P 500 and Nasdaq 100 futures posted gains of 0.03%, while the Dollar Index (DXY) added 0.25%.

Derivatives positioningHYPE, the native token of decentralized exchange Hyperliquid, has gained over 4.3% in the past 24 hours and is the only major token trading noticeably in the green. The rally looks spot-driven, and hasn't excited traders into taking on more derivatives risk for now. Open interest (OI) in HYPE futures remains around 40 million tokens, a level it's held since at least June 22.While overall positioning stays light, it leans bullish. Annualized funding rates are sitting close to 10%, a sign that perpetual futures are trading above the spot price.The biggest OI gainer of the past 24 hours among major cryptocurrencies is DOGE$0.07086, the largest memecoin by market value. Open interest has jumped to 16 billion tokens, the highest since the Oct. 10 crash and up from 13 billion a day earlier. The inflows look bearish rather than bullish, however, given the negative funding rates and negative 24-hour OI-adjusted cumulative volume delta. The CVD signals that sellers are the more aggressive side, hitting sell orders to cross the spread and fill their bearish bets at the best available bid.Bitcoin, ether and XRP futures markets offer little excitement, with open interest locked in recent ranges. Positioning in SOL remains elevated, with OI near record highs, a signal of potential volatility ahead.Volatility indexes continue to point to market calm. BTC's 30-day implied volatility gauge, BVIV, dropped by 11% to 44% on Monday and has held around that level since. Ether's equivalent index, EVIV, is telling the same story.On Deribit, BTC puts continue to trade at a 10%-plus premium to calls across all time frames, a sign of persistent downside concerns. ETH shows a similar pattern at the short end — weekly puts carry a comparable premium — while further out puts are noticeably cheaper than calls.Block flows featured a BTC short straddle, an options strategy that profits from low volatility and price consolidation.Token talkNative DeFi tokens struggled on Tuesday, and the negative sentiment didn't stop there. AI tokens FET, TAO and RENDER all fell, as did privacy coins zcash (ZEC) and monero (XMR).Even hyperliquid (HYPE), which has outperformed its peers in recent weeks, is trading at $65.3 after dropping by 2.2% on Tuesday. HYPE's chart appears to be in more of a consolidation phase after last month's rally as opposed to a corrective phase, this is characterized by two higher highs alongside two higher lows.One token in the black on Tuesday is stellar lumens (XLM). The token forked from Ripple in 2014 is maintaining bullish sentiment after DTCC, the largest U.S. financial markets clearinghouse, said it will connect its tokenized securities platform to the Stellar network in the first half of 2027. The announcement spurred a 100% rally in late May.Another token bucking the trend is lighter (LIT), which is benefiting from its similarities to HYPE in that it is the native token of a decentralized perpetual exchange. LIT is up by 23% over the past week, notching a double-digit gain in the past 24 hours alone.Related Assets

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Building the Zcash Machine: Tachyon and Quantum Readiness

Building the Zcash Machine: Tachyon and Quantum Readiness

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

3 hours ago

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Why it matters:

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Jay Hatfield, CEO of Infrastructure Capital Advisors, says a “power rally” is coming for stocks in July, driven by falling oil prices and softening inflation data.

Hatfield tells Fox Business he expects crude oil, which he says is headed toward $60 after dropping below $70, to help produce negative month-over-month CPI prints in July and August.

He thinks those readings should get Federal Reserve rate cuts priced into markets.

“We think we’re about to get into the real Goldilocks of the year because we’ve been bullish about oil going below 70, which most people thought was wrong. We think we’re gonna get to 60.

We think we’re going to have a negative print on CPI both in July and August for the prior months, and that’s going to start to get Fed rate cuts priced in.”

Hatfield says that broad-based summer earnings reports and not just results from chip companies typically make July strong for stocks.

He also believes the market’s resilience during June’s sector rotation supports his 9,000 target for the S&P 500.

Generated Image: Midjourney

, /PRNewswire/ -- Air Products (NYSE: APD) today announced it will not proceed with the Louisiana Clean Energy Complex (LCEC) project. The LCEC project exit and other portfolio actions will result in a pre-tax charge in Air Products' fiscal third quarter. Air Products also announced it is finalizing a marketing and distribution agreement with Yara International ASA (OSE: YAR) for renewable ammonia from the NEOM Green Hydrogen Project in Saudi Arabia.

LCEC Project Not Proceeding

Today's announcement that Air Products will not move forward with the LCEC is based on expected financial returns not meeting stringent return criteria.

Air Products remains committed to growing profitably in Louisiana, where it operates 18 industrial gas facilities across the state and the world's largest hydrogen pipeline network, reliably serving numerous refinery customers along the U.S. Gulf Coast.

Portfolio Actions to Result in Pre-Tax Charges Not Expected to Exceed $2.9 Billion in Fiscal 2026 Third Quarter

Air Products will record pre-tax charges not expected to exceed $2.9 billion (or approximately $2.2 billion on an after-tax basis) in its fiscal 2026 third quarter, primarily to write down assets and terminate contractual commitments, primarily related to the LCEC project decision.

In addition, Air Products will discontinue a zero-carbon liquid hydrogen facility in Casa Grande, Arizona and other smaller scale projects supporting clean energy distribution. These exits are being driven by challenging commercial conditions, project-specific economic factors, and slower-than-expected development in certain markets, largely hydrogen for mobility.

The Company will maximize the redeployment of certain assets to existing or future projects and work to reduce the exposure of existing contractual agreements.

Additional financial information related to these actions will be provided in Air Products' fiscal third quarter earnings release. Estimated contract cancellation and other project cancellation costs are subject to further refinement and may ultimately differ materially from actual costs recorded in the Company's fiscal third quarter and beyond.

Finalizing Marketing and Distribution Agreement / NEOM Green Hydrogen Project 
Air Products and Yara are finalizing their marketing and distribution agreement for renewable ammonia from the NEOM Green Hydrogen Project in Saudi Arabia.

This agreement is independent of the decision to discontinue the LCEC project and will enable ammonia from the world's first large-scale renewable ammonia plant to be sold and delivered worldwide by Yara's global supply chain.

About Air Products
Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global hydrogen supplier, Air Products develops, engineers, builds, owns and operates some of the world's largest hydrogen projects. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12.0 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedIn, X, Facebook or Instagram.

This release contains "forward-looking statements" within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements about the arrangements that are the subject of this release and their expected impact and timing, and about the Company's business outlook and investment opportunities. These forward-looking statements are based on management's expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based. 

SOURCE Air Products

, /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, longest-tenured, and pioneering owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science and advanced technology innovation cluster locations, today released its 2025 Corporate Responsibility Report, which details the company's consequentially integrated and multifaceted approach to advancing human health, enabling life-saving innovation, growing and strengthening ecosystems, improving patient outcomes and creating long-term value.

(PRNewsfoto/Alexandria Real Estate Equities, Inc.) Since the company's founding in 1994 with $19 million in Series A Capital, it has grown into an investment-grade S&P 500® REIT and one of the most trusted brands in life science. At the core of Alexandria's distinctive and formidable business strategy is its unparalleled ability to establish and maintain longstanding trusted relationships with leading life science entities, which has earned the company recognition as "One of the World's Most Trustworthy Companies" by Newsweek. Alexandria's consequential support of the life science industry has direct impact on translating discoveries into life-changing therapies. Nearly half of all the novel therapies approved by the U.S. Food and Drug Administration since 2013 have been marketed by Alexandria tenants. The company's highly differentiated Megacampus ecosystems are intentionally designed to fuel the critical drivers for scientific innovation; they foster collaboration, enhance tenant well-being and strengthen the recruitment and retention of top talent. Together, these create the critical drivers to support the development of life-changing therapies and reinforce Alexandria's mission-critical corporate responsibility strategy. The 2025 Corporate Responsibility Report highlights the company's pivotal Megacampus platform with an exploration of the iconic Campus Point by Alexandria Megacampus™ in San Diego, which exemplifies the company's novel cluster concept. Home to entities at the forefront of innovation such as Eli Lilly, Leidos, University of California, San Diego, Novartis and Bristol Myers Squibb, Campus Point by Alexandria is a leading-edge, highly sustainable 100-acre Megacampus strategically located within three miles of key research and academic institutions, providing direct access to world-class scientific research, highly skilled talent, collaborative innovation and ecosystem enhancing amenities.

"Corporate responsibility at Alexandria is not a separate initiative; it is a strategic business imperative that is deeply integrated into how we operate, allocate capital and create long-term value," said Marc Binda, chief financial officer and treasurer of Alexandria Real Estate Equities, Inc. "Our disciplined approach to corporate responsibility strengthens our competitive position, supports operational excellence and reinforces our ability to serve as the leading real estate partner to the life science industry while delivering long-term value. We are proud of the milestones we have achieved in 2025 and 2026 through our corporate responsibility platform and our mission-critical efforts to make a positive and lasting impact on society."

More than five decades after Genentech's pioneering work in recombinant DNA technology helped catalyze the biotechnology revolution, the need for innovation to address significant unmet medical need remains immense, with more than 90% of the 10,000 known diseases still lacking approved treatments. There continue to be extraordinary opportunities to translate scientific discovery into transformative therapies and cures, even while the life science industry navigates historic challenges within a shifting regulatory and geopolitical landscape amidst macroeconomic headwinds. Nevertheless, Alexandria continues its leadership at the vanguard of the life science ecosystem and maintains its steadfast commitment to growing and nurturing this mission-critical industry and advancing its highly consequential corporate responsibility and business strategy to advance human health and change the equation of human existence. The company's enduring business success is a testament to its collaborative growth-focused culture, egoless leadership and its best-in-class team's commitment to operational excellence.

Key accomplishments highlighted within the 2025 Corporate Responsibility Report include:

The Wall Street Journal listed Alexandria among the top 20 companies for talent readiness within their "Best Companies for the Future" list, underscoring the company's unique ability to attract, develop and retain top talent. The company's enduring business success is a testament to its collaborative growth-focused culture, egoless leadership and its best-in-class team's commitment to operational excellence (2026). Recognized as "One of the World's Most Trustworthy Companies" by Newsweek for the second consecutive year (2025), and "One of the Most Trustworthy Companies in America" by Newsweek for the fourth consecutive year, underscoring the company's unmatched ability to develop longstanding trusted relationships within the life science industry (2026). Named "One of the Most Charitable Companies in America" by Newsweek, which reinforces the deep dedication of Alexandria's best-in-class team to the company's corporate responsibility efforts and to helping drive scientific discoveries that address major healthcare challenges, empower future innovators, support the brave individuals who protect our freedom, and revitalize and strengthen the communities within which they live and work (2026). Joel S. Marcus, executive chairman and founder, was honored with the highly prestigious Richard J. Bolte Sr. Award from the Science History Institute in recognition of his consequential and long-term impact on the life science industry (2026). The Foundation for the National Institutes of Health awarded Alexandria the Charles A. Sanders, MD, Partnership Award in recognition of the company's significant contributions to accelerating biomedical innovation through its leadership in spearheading a public-private partnership to develop a precision medicine framework for depression. The Multi-Level Assessment & Phenotyping in Depression project aims to advance the development of treatments for major depressive disorder to validate biomarkers for depression and ultimately advance the development of new treatments for major depressive disorder at the individual patient level (2025). Deepened commitment to STEM education and future scientific talent through the ARE Learning Lab at the Fred Hutch Cancer Center in Seattle, which Alexandria designed and developed in partnership with the Fred Hutch Cancer Center (2025). Receipt of the GRESB Green Star designation for the ninth consecutive year and an "A" disclosure score for the eighth consecutive year (2025), and a Best in Building Health Fitwel Innovation award (2026). Reduced operational greenhouse gas (GHG) emissions intensity by 16% from 2022, including through continued consumption of renewable electricity representing 32% of total electricity consumption in 2025. Alexandria's one-of-a-kind Megacampus ecosystems earned multiple industry recognitions for sustainable design and operational excellence, including the International BOMA TOBY Award in the Life Science category for 8 Davis Drive, Alexandria Center® for Advanced Technologies Megacampus in Research Triangle and an International Institute for Sustainable Laboratories and Projects Award for New Construction for 325 Binney, Alexandria Center® at One Kendall Square in Cambridge. Alexandria's full 2025 Corporate Responsibility Report is attached. The appendix to this report includes detailed corporate responsibility data and disclosures prepared with reference to the Global Reporting Initiative (GRI) Standards.

About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle and New York City. As of March 31, 2026, Alexandria had a total market capitalization of $20.44 billion and an asset base in North America that includes 35.8 million RSF of operating properties. Alexandria has a long-standing and proven track record of developing Class A/A+ properties clustered in highly dynamic and collaborative Megacampus environments that enhance our tenants' ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity and success. Alexandria also provides strategic capital to transformative life science companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns and greater long-term asset value. For more information on Alexandria, please visit www.are.com.

Forward-Looking Statements 
This press 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. Such forward-looking statements include, without limitation, statements regarding Alexandria's corporate responsibility initiatives, practices, goals, targets, investments and strategy; the expected impact of the foregoing on Alexandria's business, operations, tenants, shareholders, communities, the environment and society; Alexandria's ability to create long-term value, strengthen its competitive position, support operational excellence and serve as a leading real estate partner to the life science industry; the expected benefits of Alexandria's Megacampus ecosystems, including with respect to collaboration, innovation, tenant well-being and recruitment and retention of talent; the reduction of GHG emissions, renewable electricity usage, resource use, sustainable design and operational efficiencies; LEED, healthy building and other certifications and recognitions; and opportunities and challenges within the life science industry, including regulatory, geopolitical and macroeconomic conditions. These forward-looking statements are based on Alexandria's present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by Alexandria's forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and Alexandria assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in Alexandria's forward-looking statements, and risks and uncertainties to Alexandria's business in general, please refer to Alexandria's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.  

CONTACT: Sara Cohen, Assistant Vice President – Corporate Strategy Events, (646) 799-2617, [email protected]

SOURCE Alexandria Real Estate Equities, Inc.

PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced the following details for its second quarter 2026 earnings release and teleconference call. Earnings release: Tuesday, July 28, after U.S. stock markets close   Teleconference: Wednesday, July 29, 8 a.m. ET   PPG participants: Tim Knavish, chairman and chief executive officer Jamie Beggs, senior vice president and chief financial officer Alex Lopez, director, investor relations   Dial-in registration: Visit https://events.q4inc.com/at.

The S&P Cotality Case-Shiller U.S. National Home Price NSA Index posted a 0.8% annual gain for April 2026, up from a 0.7% rise in the previous month. For the 11th consecutive month, U.S. home values fell in real terms, as April's 3.8% inflation ran roughly 3 percentage points above the 0.8% home price gain. A nearly 9 percentage-point gap separated April's strongest market (Chicago +6.5% YoY) and its weakest (Seattle -2.3%), underscoring a stark regional divergence in home price trends. , /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI) today released the April 2026 results for the S&P Cotality Case-Shiller Indices.

More than 27 years of history are available for the data series and can be accessed in full by going to www.spglobal.com/spdji/en/index-family/indicators/sp-Cotality-case-shiller.

Cotality continues to have transaction delays from the recording office in Wayne County, the most populous county in the Detroit metro area. These delays impacted the April transaction data and, therefore, no valid April 2026 update of the Detroit S&P Cotality Case-Shiller Index will be provided for the June 30, 2026, release date. There was, however, enough data to calculate a valid March 2026 update, which is provided in Tables 2 and 3.

S&P DJI will continue to provide updates to the Detroit index values for the month(s) with missing sale transactions data.

ANALYSIS

"April's figures confirm that U.S. home prices remain essentially flat, with the S&P Cotality Case-Shiller National Home Price Index up a scant 0.8% year over year, just above March's 0.7% pace," said Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices. "With inflation accelerating to 3.8% in April, U.S. home values have now declined in real terms for an 11th straight month, further eroding inflation-adjusted housing wealth.

"Geographic dispersion remains pronounced," Godec continued. "Midwest and Northeast markets are still leading moderate growth, while many Sun Belt and Western metros see ongoing declines. Chicago was again the strongest market with a 6.5% annual gain, trailed by New York (3.8%) and Cleveland (3.2%). Seattle's 2.3% year-over-year drop was the steepest in April, with Denver (-1.8%), Tampa (-1.8%), Dallas (-1.6%), and Phoenix (-1.7%) also among the notable decliners. The nearly 9 percent performance spread between Chicago and Seattle highlights how localized housing trends remain.

"Monthly price movements show seasonal strength masking underlying softness," Godec observed. "On a non-seasonally adjusted basis, the National Index rose 0.8% from March (with the 10-City and 20-City Composites up 1.1% and 1.0%, respectively), reflecting typical spring gains. Yet after seasonal adjustment, the National Index dipped 0.1%, while the 20-City Composite was essentially flat (-0.04%). The latest six months saw a 1.35% national increase, offsetting a -0.5% decline in the prior six months. This represents a modest shift in direction, but remains limited in the context of rising costs.

"The affordability pinch remains a key headwind," Godec concluded. "After dipping below 6% earlier this year, 30-year mortgage rates climbed back to 6.3% in April, keeping financing costs elevated. In this higher-rate environment, home price growth remains constrained, with housing largely treading water in nominal terms and falling in real terms."

YEAR-OVER-YEAR

The S&P Cotality Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 0.8% annual gain for April. The 10-City Composite saw an annual increase of 1.8%, up from a 1.5% increase in the previous month. The 20-City Composite posted a year-over-year increase of 1.1%, up from a 0.9% rise in the previous month.

Chicago reported the highest annual gain among the 20 cities with a 6.5% increase in April, followed by New York and Cleveland with annual increases of 3.8% and 3.2%, respectively. Seattle posted the lowest return in April, falling 2.3%.

MONTH-OVER-MONTH

The pre-seasonally adjusted U.S. National, 10-City Composite, and 20-City Composite Indices recorded monthly gains of 0.8%, 1.1%, and 1.0%, respectively.

After seasonal adjustment, the U.S. National and 20-City Composite Indices reported monthly decreases of 0.1% and 0.04%, while the 10-City Composite Index posted a 0.04% gain.

SUPPORTING DATA

The S&P Cotality Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, recorded a 0.8% annual increase in April 2026. The 10-City and 20-City Composites reported year-over-year increases of 1.8% and 1.1%, respectively.

Table 1 below shows the housing boom/bust peaks and troughs for the three composites along with the current levels and percentage changes from the peaks and troughs.

2022 Peak

2023 Trough

Current

Index

Level

Date

Level

Date

From Peak
(%)

Level

From
Trough (%)

From
Peak (%)

National

308.07

Jun-22

292.68

Jan-23

-5.0 %

332.68

13.7 %

8.0 %

20-City

318.73

Jun-22

297.47

Jan-23

-6.7 %

345.43

16.1 %

8.4 %

10-City

330.38

Jun-22

309.92

Jan-23

-6.2 %

367.90

18.7 %

11.4 %

Table 2 below summarizes the results for April 2026. The S&P Cotality Case-Shiller Indices could be revised for the prior 24 months, based on the receipt of additional source data.

Metropolitan
Area

April 2026
Level

April / March

Change (%)

March / February

Change (%)

1-Year Change
(%)

Atlanta

250.45

1.06 %

0.72 %

-0.13 %

Boston

355.86

1.16 %

1.96 %

2.11 %

Charlotte

286.92

1.05 %

0.59 %

1.01 %

Chicago

231.51

1.55 %

2.21 %

6.52 %

Cleveland

204.99

0.76 %

1.03 %

3.18 %

Dallas

293.30

0.92 %

0.57 %

-1.57 %

Denver

316.21

0.84 %

1.31 %

-1.85 %

Detroit

--

--

0.98 %

--

Las Vegas

299.48

0.21 %

0.48 %

-1.66 %

Los Angeles

449.02

1.10 %

0.64 %

-0.45 %

Miami

447.81

0.52 %

0.97 %

1.10 %

Minneapolis

248.91

1.13 %

0.76 %

2.02 %

New York

343.41

0.96 %

1.02 %

3.82 %

Phoenix

325.12

-0.05 %

0.33 %

-1.65 %

Portland

331.76

0.85 %

0.85 %

-0.42 %

San Diego

451.85

0.83 %

1.20 %

1.05 %

San Francisco

368.06

1.51 %

1.79 %

1.30 %

Seattle

393.19

1.25 %

1.27 %

-2.26 %

Tampa

369.29

0.91 %

-0.17 %

-1.77 %

Washington

339.99

1.21 %

1.22 %

0.17 %

Composite-10

367.90

1.06 %

1.18 %

1.78 %

Composite-20

345.43

1.03 %

1.05 %

1.14 %

U.S. National

332.68

0.77 %

0.74 %

0.85 %

Sources: S&P Dow Jones Indices and Cotality

Data through April 2026

Table 3 below shows a summary of the monthly changes using the seasonally adjusted (SA) and non-seasonally adjusted (NSA) data. Since its launch in early 2006, the S&P Cotality Case-Shiller Indices have published, and the markets have followed and reported on, the non-seasonally adjusted data set used in the headline indices. For analytical purposes, S&P Dow Jones Indices publishes a seasonally adjusted data set covered in the headline indices, as well as for the 17 of 20 markets with tiered price indices and the five condo markets that are tracked.

April / March Change (%)

March / February Change (%)

Metropolitan Area

NSA

SA

NSA

SA

Atlanta

1.06 %

0.13 %

0.72 %

-0.09 %

Boston

1.16 %

-0.42 %

1.96 %

0.71 %

Charlotte

1.05 %

0.00 %

0.59 %

-0.18 %

Chicago

1.55 %

0.65 %

2.21 %

1.13 %

Cleveland

0.76 %

0.08 %

1.03 %

-0.11 %

Dallas

0.92 %

-0.40 %

0.57 %

-0.54 %

Denver

0.84 %

-0.45 %

1.31 %

-0.32 %

Detroit

--

--

0.98 %

0.01 %

Las Vegas

0.21 %

-0.53 %

0.48 %

-0.22 %

Los Angeles

1.10 %

0.00 %

0.64 %

-0.60 %

Miami

0.52 %

-0.05 %

0.97 %

0.54 %

Minneapolis

1.13 %

-0.04 %

0.76 %

-0.43 %

New York

0.96 %

0.19 %

1.02 %

0.23 %

Phoenix

-0.05 %

-0.61 %

0.33 %

-0.31 %

Portland

0.85 %

-0.22 %

0.85 %

-0.49 %

San Diego

0.83 %

-0.32 %

1.20 %

-0.55 %

San Francisco

1.51 %

-0.12 %

1.79 %

-0.51 %

Seattle

1.25 %

-0.53 %

1.27 %

-0.95 %

Tampa

0.91 %

0.17 %

-0.17 %

-0.69 %

Washington

1.21 %

0.21 %

1.22 %

-0.12 %

Composite-10

1.06 %

0.04 %

1.18 %

-0.04 %

Composite-20

1.03 %

-0.04 %

1.05 %

-0.15 %

U.S. National

0.77 %

-0.15 %

0.74 %

-0.21 %

Sources: S&P Dow Jones Indices and Cotality

Data through April 2026

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.spglobal.com/spdji.

FOR MORE INFORMATION:

Lemuel Brewster
Americas Communications
(+1) 917 805 1089
[email protected]

S&P Dow Jones Indices' interactive blog, IndexologyBlog.com, delivers real-time commentary and analysis from industry experts across S&P Global on a wide range of topics impacting residential home prices, homebuilding and mortgage financing in the United States. Readers and viewers can visit the blog at www.indexologyblog.com, where feedback and commentary are welcomed and encouraged.

The S&P Cotality Case-Shiller Indices are published on the last Tuesday of each month at 9:00 am ET. They are constructed to accurately track the price path of typical single-family homes located in each metropolitan area provided. Each index combines matched price pairs for thousands of individual houses from the available universe of arms-length sales data. The S&P Cotality Case-Shiller U.S. National Home Price Index tracks the value of single-family housing within the United States. The index is a composite of single-family home price indices for the nine U.S. Census divisions and is calculated quarterly. The S&P Cotality Case-Shiller 10-City Composite Home Price Index is a value-weighted average of the 10 original metro area indices. The S&P Cotality Case-Shiller 20-City Composite Home Price Index is a value-weighted average of the 20 metro area indices. The indices have a base value of 100 in January 2000; thus, for example, a current index value of 150 translates to a 50% appreciation rate since January 2000 for a typical home located within the subject market.

These indices are generated and published under agreements between S&P Dow Jones Indices and Cotality, Inc.

The S&P Cotality Case-Shiller Indices are produced by Cotality, Inc. In addition to the S&P Cotality Case-Shiller Indices, Cotality also offers home price index sets covering thousands of zip codes, counties, metro areas, and state markets. The indices, published by S&P Dow Jones Indices, represent just a small subset of the broader data available through Cotality.

Case-Shiller® and Cotality® are trademarks of Cotality Case-Shiller, LLC or its affiliates or subsidiaries ("Cotality") and have been licensed for use by S&P Dow Jones Indices. None of the financial products based on indices produced by Cotality or its predecessors in interest are sponsored, sold, or promoted by Cotality, and neither Cotality nor any of its affiliates, subsidiaries, or predecessors in interest makes any representation regarding the advisability of investing in such products.

SOURCE S&P Dow Jones Indices

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Chubb Limited (NYSE: CB) will hold its second quarter earnings conference call on Wednesday, July 22, 2026, at 8:30 a.m. Eastern.

The company expects to issue its second quarter earnings release and financial supplement after the market closes on Tuesday, July 21, 2026. These documents will be available on the company's investor website at investors.chubb.com.

The earnings conference call will be available via live webcast at investors.chubb.com or by dialing 877-400-4403 (within the United States) or 332-251-2601 (international), passcode 1641662. Please refer to the Chubb website under Events and Presentations for details. A replay will be available after the call at the same location. To listen to the replay, click here to register and receive dial-in numbers.

About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.

SOURCE Chubb Limited

Also from this source

FOOTHILL RANCH, Calif., /PRNewswire/ -- TAE Power Solutions, a technology company delivering advanced power management and energy storage solutions for a more resilient electric future, today announced the shipment of its first hybrid energy storage prototype system to MARA Holdings, Inc. (NASDAQ: MARA) ("MARA"), a leading energy and digital infrastructure company. This shipment marks the first field deployment of TAE Power Solutions' hybrid energy storage architecture under the companies' previously announced strategic collaboration to develop grid-responsive load management and energy storage solutions for power-intensive digital infrastructure operations.

TAE Power Solutions ships first hybrid energy storage prototype system to MARA under the companies’ previously announced strategic collaboration to develop grid-responsive load management and energy storage solutions for power-intensive digital infrastructure operations. The prototype system will be installed at a MARA site and used for field validation, tuning, development, and operational testing. The shipment represents a key milestone in the companies' commercial relationship and advances TAE Power Solutions' development of hybrid energy storage systems for demanding industrial power applications.

TAE Power Solutions' hybrid architecture combines battery energy storage, ultracapacitor technology, advanced power electronics, and intelligent controls to support both sustained energy needs and fast-response power events. By pairing batteries with ultracapacitors, the system is designed to enable customers to manage load volatility, transient conditions, and high-performance duty cycles in applications where conventional battery-only energy storage systems may face performance or lifecycle limitations.

"Shipping our first hybrid energy storage prototype to MARA is an important step in our collaboration to move this technology from development into a real-world operating environment," said Francisco Garcia, General Manager, Stationary Energy Storage at TAE Power Solutions. "MARA's operating profile gives us a valuable opportunity to validate performance, collect field data, and refine the system ahead of future production deployments. It is exactly the type of demanding power environment where hybrid storage can demonstrate its value."

MARA is expected to use the prototype system as a development platform to refine system performance and operating modes at one of its sites, ahead of additional production hybrid energy storage system deployments planned for later this year. The deployment supports the companies' ongoing collaboration focused on managing load variability and supporting grid efficiency.

TAE Power Solutions' hybrid energy storage platform is part of the company's broader portfolio of advanced energy storage and power management solutions for industrial, grid, and data center applications. The company's technology leverages its foundation in high-speed power electronics and precision control systems originally developed by TAE Technologies, Inc. ("TAE") for its fusion energy programs.

Quick Facts:

Designed to extend battery life: Ultracapacitors can support a much higher number of charge / discharge cycles than conventional batteries, making them well suited for rapid power fluctuations. By routing those high-stress events through ultracapacitors, the hybrid system is designed to reduce battery cycling stress and support longer battery operating life. Built for demanding energy profiles: As an integrated system, the hybrid platform is designed to support both short-duration power events and sustained energy needs in demanding applications such as high-performance computing and AI data centers. Rooted in fusion-derived power expertise: The platform applies TAE's high-speed power management experience from fusion energy development to commercial energy and compute infrastructure applications. About TAE Power Solutions

TAE Power Solutions is developing advanced power management and energy storage technologies for electric mobility, stationary storage, and critical power applications. A subsidiary of TAE, the company applies power electronics, controls, and energy storage expertise originally developed for fusion research to help make electrification more efficient, resilient, and scalable. For more information, visit https://power-solutions.tae.com/

Forward-Looking Statements

This communication contains statements that express the opinions, expectations, beliefs, plans, objectives, assumptions or projections of TAE Power Solutions' (collectively with any of its successors, subsidiaries or affiliates, the "Company", "TPS" or "us") regarding future events or future results, in contrast with statements that reflect historical facts. All statements, other than statements of historical fact, included in this communication are forward-looking statements. When used in this presentation, words such as "may," "assume," "forecast," "could," "should," "will," "plan," "believe," "anticipate," "intend," "estimate," "expect," "project," "designed," "budget" and similar expressions are used to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current belief, based on currently available information, as to the outcome and timing of future events at the time such statement was made. Such statements are subject to a number of assumptions, risk and uncertainties, many of which are beyond the control of the Company. As a result, these forward-looking statements are not a guarantee of our performance, and you should not place undue reliance on such statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE TAE Power Solutions

Ares Capital (ARCC - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this private equity firm have returned -2.9%, compared to the Zacks S&P 500 composite's -2.9% change. During this period, the Zacks Financial - SBIC & Commercial Industry industry, which Ares Capital falls in, has lost 0.9%. The key question now is: What could be the stock's future direction?

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

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Ares Capital is expected to post earnings of $0.47 per share for the current quarter, representing a year-over-year change of -6%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

For the current fiscal year, the consensus earnings estimate of $1.91 points to a change of -5.1% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $1.93 indicates a change of +1% from what Ares Capital is expected to report a year ago. Over the past month, the estimate has remained unchanged.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Ares Capital.

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

12 Month EPS

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

In the case of Ares Capital, the consensus sales estimate of $776.52 million for the current quarter points to a year-over-year change of +4.2%. The $3.14 billion and $3.2 billion estimates for the current and next fiscal years indicate changes of +3% and +1.9%, respectively.

Last Reported Results and Surprise HistoryAres Capital reported revenues of $763 million in the last reported quarter, representing a year-over-year change of +4.2%. EPS of $0.47 for the same period compares with $0.5 a year ago.

Compared to the Zacks Consensus Estimate of $768.96 million, the reported revenues represent a surprise of -0.77%. The EPS surprise was -2.08%.

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

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

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

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

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

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Ares Capital. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

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

Shares of this web security and content delivery company have returned -10% over the past month versus the Zacks S&P 500 composite's -2.9% change. The Zacks Internet - Software industry, to which Cloudflare belongs, has lost 8.7% over this period. Now the key question is: Where could the stock be headed in the near term?

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

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

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

For the current quarter, Cloudflare is expected to post a loss of $0.03 per share, indicating a change of +79.8% from the year-ago quarter. The Zacks Consensus Estimate has changed +38.2% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $0.02 points to a change of +105.4% from the prior year. Over the last 30 days, this estimate has changed +283.3%.

For the next fiscal year, the consensus earnings estimate of $0.23 indicates a change of +914.5% from what Cloudflare is expected to report a year ago. Over the past month, the estimate has changed +43.8%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Cloudflare.

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

12 Month EPS

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

For Cloudflare, the consensus sales estimate for the current quarter of $665.42 million indicates a year-over-year change of +29.9%. For the current and next fiscal years, $2.81 billion and $3.59 billion estimates indicate +29.7% and +27.8% changes, respectively.

Last Reported Results and Surprise HistoryCloudflare reported revenues of $639.76 million in the last reported quarter, representing a year-over-year change of +33.5%. EPS of $0.25 for the same period compares with $0.16 a year ago.

Compared to the Zacks Consensus Estimate of $621.91 million, the reported revenues represent a surprise of +2.87%. The EPS surprise was +8.7%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

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

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

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

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Cloudflare. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.

Key Takeaways HAL partnered with Shape Digital to integrate Digital Field Solver with AI platforms for asset management.HAL's integrated platform connects reservoir, production, equipment and operational data in real time.Halliburton says the solution supports production planning, energy efficiency, safety and reliability. Halliburton (HAL - Free Report) has entered into a strategic collaboration with Shape Digital, a technology company spun out of MODEC, to accelerate the next generation of digital asset performance management, according to Offshore Energy. By combining advanced subsurface intelligence with surface operational data, the partnership aims to provide energy operators with a unified view of their assets, enabling smarter production planning, stronger operational efficiency, enhanced equipment reliability and improved safety throughout the entire asset lifecycle.

The collaboration brings together Halliburton Landmark's Digital Field Solver (“DFS”) with Shape Digital's artificial intelligence portfolio, including Lighthouse, Aura and Reef. This integrated approach allows operators to move beyond isolated decision-making by connecting reservoir models, production systems, equipment health and operational performance into a single intelligent platform.

Unified Digital Ecosystem for Better Production DecisionsModern energy production requires continuous coordination between reservoirs, wells, processing facilities, production networks and critical equipment. Traditionally, these systems have often been managed separately, creating information gaps that can delay decision-making and reduce operational efficiency.

Through this partnership, Halliburton and Shape Digital are addressing these challenges by creating a unified digital ecosystem that integrates both subsurface and surface intelligence. The combined solution allows production teams to evaluate reservoir behavior alongside equipment performance, facility constraints and operational conditions in real time.

This comprehensive visibility enables organizations to make informed decisions faster while maintaining alignment between production targets and operational capabilities.

HAL’s Landmark DFS Strengthens Production OptimizationAt the center of the collaboration is HAL's DFS, a decision support platform designed to integrate reservoir simulations, well performance analysis and production network optimization.

DFS creates a dynamic representation of the complete production environment, allowing engineers and operators to evaluate how changes in one part of the system affect the entire asset. Rather than focusing solely on reservoir output or equipment status, DFS provides a holistic understanding of production performance.

When combined with Shape Digital's AI-powered operational intelligence, the platform becomes even more powerful by incorporating live operational data into production planning.

AI Enhances Equipment Reliability and Operational VisibilityShape Digital contributes advanced artificial intelligence (“AI”) capabilities through its Lighthouse, Aura and Reef platforms. These solutions continuously analyze both historical and real-time equipment data to identify performance trends, predict potential failures and detect operational anomalies before they develop into larger issues.

The AI systems evaluate equipment behavior while Halliburton's production models provide the broader operational context needed to understand how equipment conditions influence flow rates, production constraints and overall field performance.

This integration enables maintenance teams and production engineers to proactively manage operations instead of reacting to unexpected equipment failures.

Integrated Production Planning Improves Operational EfficiencyOne of the primary advantages of the collaboration is its ability to improve integrated production planning.

Reservoir conditions, well performance, facility limitations and equipment reliability constantly evolve throughout the production lifecycle. Managing these variables independently often leads to inconsistent production strategies and operational inefficiencies.

By combining engineering models with operational intelligence, Halliburton and Shape Digital provide a connected view that helps operators evaluate changing conditions across the entire production system. This integrated planning process supports more accurate production forecasts while ensuring operational decisions remain aligned with current asset performance.

The result is greater production consistency and improved resource utilization across upstream operations.

Balancing Energy Efficiency With Production TargetsEnergy efficiency has become an increasingly important objective for oil and gas operators seeking to reduce operating costs while lowering emissions.

The integrated platform enables organizations to evaluate production objectives alongside energy consumption, allowing engineers to identify opportunities for improved efficiency without sacrificing output.

Instead of treating energy management as an isolated initiative, operators can optimize both production performance and energy utilization simultaneously through data-driven decision-making.

This capability supports long-term sustainability objectives while maintaining operational profitability.

Strengthening Safety and Asset Integrity Across Production FacilitiesSafety remains one of the most critical priorities in oil and gas operations. The combined technology platform helps improve safety by providing continuous visibility into equipment condition, operational risks and production system performance.

AI continuously monitors operational behavior, identifying early indicators of equipment degradation or abnormal operating conditions. When integrated with Halliburton's production models, these insights help operators understand how technical issues may impact the wider production system.

This proactive approach allows organizations to address potential risks before they escalate, supporting stronger asset integrity and reducing operational disruptions.

Real-Time Operational Intelligence Supports Faster Decision-MakingProduction environments are constantly changing due to fluctuating reservoir conditions, equipment performance, market demands and operational constraints.

Halliburton and Shape Digital's integrated solution enables continuous monitoring of these variables, allowing production teams to respond rapidly to changing operating conditions.

Rather than relying solely on scheduled reporting or historical analysis, operators gain access to real-time intelligence that supports faster, more consistent operational decisions.

This increased responsiveness improves production stability while minimizing downtime and operational uncertainty.

MODEC Expands Its Digital Transformation StrategyAs the parent organization behind Shape Digital, MODEC continues to invest heavily in digital innovation across its global operations.

The company has developed decades of expertise in floating production, storage and offloading engineering, procurement, construction, installation, leasing and operations. Shape Digital serves as the vehicle for extending that operational knowledge into the broader energy industry through advanced digital technologies.

Its growing portfolio includes predictive maintenance systems, AI-enabled digital twins, greenhouse gas reduction technologies and digital barrier management solutions designed to improve operational efficiency and safety.

MODEC also continues expanding its internal Digital & Analytics capabilities, transforming operational data into actionable intelligence that supports safer, more reliable and cost-effective production.

Digital Asset Performance Management: A Competitive AdvantageAs oil and gas assets become increasingly interconnected, operators require solutions capable of integrating engineering expertise, operational intelligence and artificial intelligence into one comprehensive decision framework.

The collaboration between HAL and Shape Digital reflects a broader industry shift toward intelligent production systems where every operational decision is supported by real-time data, predictive analytics and system-wide visibility.

Rather than managing reservoirs, wells, facilities and equipment independently, operators can now evaluate the complete production environment as a connected asset. This unified perspective enables more accurate forecasting, earlier identification of production constraints, stronger maintenance planning, enhanced operational resilience and improved business performance.

ConclusionThe partnership enhances digital asset performance management by combining Halliburton Landmark's DFS with Shape Digital's AI-driven operational intelligence. This integrated platform improves production planning, equipment reliability, energy efficiency, safety and operational decision-making, helping energy operators maximize asset performance while supporting long-term efficiency and reliability.

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

Investors interested in the energy sector might look at some better-ranked stocks like Delek US Holdings (DK - Free Report) and Crescent Energy Company (CRGY - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) and Phillips 66 (PSX - Free Report) , carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Delek US is valued at $2.93 billion. It is a U.S.-based downstream energy company that focuses on refining crude oil and distributing petroleum products. Headquartered in Brentwood, TN, Delek US operates through two main segments: refining and logistics.

Crescent Energy is valued at $3.34 billion. It is an independent U.S. energy company engaged in the acquisition, exploration, development and production of crude oil, natural gas, and natural gas liquids. Crescent Energy operates primarily in the Eagle Ford, Permian and Uinta basins.

Phillips 66 is valued at $68.82 billion. It is a diversified energy company that refines crude oil, markets petroleum products, and operates midstream, chemicals, and renewable fuels businesses. Phillips 66 operates across the United States and internationally.

, /PRNewswire/ -- Industrial Realty Group, LLC (IRG), one of the nation's largest industrial real estate developers and owners, is proud to announce that its tenant, SLB (NYSE: SLB), a global energy technology company, has further expanded its operations at IRG's Shreveport Business Park campus. SLB has expanded various times since first establishing its presence at the property in 2023. With this latest expansion, SLB will occupy a total of 3.1 million square feet, taking the balance of the remaining space at the former General Motors plant.

Shreveport Business Park is now home to three companies and fully leased. The milestone marks the culmination of a remarkable transformation for the 3.5-million-square-foot industrial campus. Once substantially vacant, the property has evolved into a major advanced manufacturing project that is generating significant economic benefits for Northwest Louisiana. With SLB, Hyundai Glovis, and USPS operating on site, employment numbers are on track to well exceed GM's at the conclusion of its operations.

"SLB's continued expansion in Shreveport is a tremendous success story for all involved and a powerful example of what can happen when world-class companies find the right facility, workforce, and business environment," said Stuart Lichter, President of IRG. "This growth has transformed a once-underutilized property into a major economic driver for Northwest Louisiana."

SLB first announced plans to establish operations at the Shreveport campus in 2023, leasing more than 1 million square feet for advanced manufacturing operations. The project represented an $18.5 million investment.

Building on that success, SLB continued with various expansions, committing in late 2025 to an additional $30 million investment. By then, SLB's presence had swelled to 2.1 million square feet of modern, climate-controlled advanced manufacturing space.

Their latest growth brings SLB's total footprint on the campus to more than 3.1 million square feet, leasing the remaining available space at the property. SLB's current presence includes 820 employees on site, with an estimated 1,200 total employees following the completion of the expansion.

By 2027, an estimated 1,400 employees will work at Shreveport Business Park, well-surpassing the approximately 800 employees working there at the time of GM's 2012 closure. The growth underscores the continued attractiveness of the region for industrial investment and job creation.

"IRG is continuing its record of success in the transformation of underutilized industrial properties for job-creating reuse with this milestone in the redevelopment of the former GM plant. IRG and SLB are bringing tremendous new investment and economic opportunities for the community," said Elliott P. Laws, Administrative Trustee of RACER Trust, which assumed ownership following the GM closure. "RACER Trust congratulates and thanks IRG for its performance and welcomes the news that Shreveport Business Park is fully occupied and creating such positive outcomes for Shreveport and Caddo Parish."

RACER and its predecessor, Motors Liquidation Company, along with Louisiana Economic Development (LED) and Northern Louisiana Economic Partnership (NLEP), aggressively marketed the Shreveport property to prospects globally. RACER vetted more than 50 prospects before concluding a series of transactions, with the consent of Caddo Parish, LED and NLEP, resulting in selling the plant to the Caddo Parish Industrial Development Board, subject to a lease of the entire plant to IRG. Since then, IRG has purchased the property and with the help of LED, NLEP, Caddo Parish, the City of Shreveport and other supporters, brought the site to production once again.

"Few industrial redevelopment projects demonstrate the impact of adaptive reuse more clearly than this campus," Lichter said. "To see this massive property evolve from a largely vacant facility into a fully occupied industrial campus anchored by significant tenant investment, is exactly the kind of outcome we envisioned. This project is creating jobs and strengthening the regional economy, and we are incredibly proud to be part of it."

The project is an excellent example of IRG's leasing expertise. To date, IRG has leased approximately 4.3 million sq. ft. of vacant space in 2026.

About IRG

IRG is a nationwide real estate development and investment firm specializing in the acquisition, development, and management of commercial and industrial real estate throughout the United States. IRG, through its affiliated partnerships and limited liability companies, operates a portfolio containing over 150 properties in 31 states with over 100 million square feet of rentable space. IRG is nationally recognized as a leading force behind the adaptive reuse of commercial and industrial real estate, solving some of America's most difficult real estate challenges.

Learn more at www.industrialrealtygroup.com.

Lauren Crumrine | Vice President of Marketing | IRG | 614-562-9252 | [email protected]

SOURCE Industrial Realty Group, LLC

As per the recent news, Vertex Pharmaceuticals, on June 11, reported new clinical data showing that CASGEVY (exagamglogene autotemcel) delivered efficacy and safety outcomes in children ages 5 to 11 with severe sickle cell disease (SCD) or transfusion-dependent beta thalassemia (TDT). The data were consistent with results previously observed in adolescent and adult patients.

Verizon Communications shares tumbled on Monday after the company disclosed that it expects a second-quarter loss of $700 million to $800 million due to the classification of assets from its Contributed Business as assets and liabilities held for sale.

Don’t forget to check out our premarket coverage here

Stephanie Link, chief investment strategist, head of investment solutions and equity portfolio manager at Hightower Advisors, said IBM (NYSE:IBM) is down 18% from its highs.

International Business Machines, on June 25, unveiled what it said is the world’s first sub-1-nanometer chip technology, introducing a new three-dimensional "nanostack" transistor architecture designed to extend semiconductor scaling beyond current manufacturing limits.

Joseph M. Terranova, senior managing director for Virtus Investment Partners, named Corning Inc (NYSE:GLW) as his final trade.

Price Action:

Vertex gained 1.7% to close at $499.65 on Monday. Verizon shares fell 5.2% to settle at $44.10 during the session. IBM shares gained 2.4% to close at $278.00 on Monday. Corning shares rose 15.7% to settle at $255.69 during the session. Photo via Shutterstock

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The race to build humanoid robots is accelerating from science fiction to industrial reality. RBC Capital Markets expect the market to grow into a $9 trillion opportunity by 2050, once software, services, and maintenance are included. Most investor attention has centered on companies building the robots themselves. Yet history suggests the biggest long-term winners are often the businesses supplying the tools that every competitor depends on. 

In the humanoid robotics boom, that makes semiconductor equipment makers ASML Holding (NASDAQ:ASML | ASML Price Prediction) and Lam Research (NASDAQ:LRCX) two of the most compelling investments.

The Robot Builders Need More Than Great Chips The companies developing humanoid robots are easy to identify. Nvidia (NASDAQ:NVDA) has become the dominant supplier of AI processors and software through its Isaac robotics platform, while Taiwan Semiconductor Manufacturing (NYSE:TSM) manufactures many of those advanced chips. On the hardware side, Tesla (NASDAQ:TSLA), Hyundai, and Xiaomi are investing billions to bring humanoid robots from research labs into factories, warehouses, and eventually homes.

Those companies could enjoy enormous revenue growth. They will also compete fiercely on price, features, and manufacturing scale. The automotive industry offers a useful comparison. Car sales expanded dramatically over the last century, yet many automakers struggled to earn consistent profits because competition steadily compressed margins.

But looking one step further upstream, while every robot needs cutting-edge AI chips, every one of those chips requires highly specialized manufacturing equipment before it ever reaches a production line. That is where ASML Holding and Lam Research stand apart.

While the world watches the robots, these hidden giants are controlling the $9 trillion chokepoint that makes them possible. © 24/7 Wall St. The Picks and Shovels Players ASML generated 32.7 billion euros (almost $37 billion) in net sales for full-year 2025, up 15% from the year before, while shipping the extreme ultraviolet (EUV) lithography systems that no competitor currently offers. Each machine can cost more than $350 million and enables chipmakers to produce the most advanced processors available. Without those systems, leading-edge AI chips simply cannot be manufactured.

Lam Research fills another indispensable role. The company specializes in wafer etching and deposition equipment that creates the microscopic structures inside every advanced semiconductor. Lam reported trailing 12-month revenue of almost $21.7 billion while continuing to benefit from growing investments in AI chip production.

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Regardless of which robot manufacturer ultimately captures the largest market share, nearly every advanced processor will pass through ASML’s and Lam Research’s equipment during production.

The Real Bottleneck Isn’t Robots — It’s Chip Capacity Surprisingly, the biggest constraint on humanoid robotics may not be demand but semiconductor manufacturing capacity.

Robot brains require enormous computing power to process vision, movement, speech, and decision-making in real time. That increases demand for advanced logic chips and high-bandwidth memory, benefiting companies such as Micron Technology (NASDAQ:MU) and SK hynix. Yet neither memory nor processors can be produced without semiconductor fabrication plants packed with ASML and Lam Research equipment.

That creates a classic picks-and-shovels investment opportunity. Instead of betting on which robot brand consumers or businesses eventually prefer, investors should own companies supplying virtually every participant across the industry.

Key Takeaway In short, humanoid robotics could become one of the largest technology markets ever created, but the safest long-term investments may not be the companies assembling the robots. Nvidia and Taiwan Semiconductor remain essential pieces of the ecosystem, while Tesla, Hyundai, and Xiaomi are racing to commercialize the machines. 

Ultimately, however, ASML and Lam Research occupy the industry’s chokepoint. Every next-generation AI chip depends on their equipment before it can power a single humanoid robot, giving both companies durable competitive advantages that could endure long after today’s robotics leaders change.

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

Contact [email protected] for any questions or corrections.

Joby Aviation Inc (NYSE:JOBY) is up 5.2% to trade at $9.08 before the bell, after a regulatory filing revealed the company and Toyota Motor (TM) have formed a new manufacturing venture to produce Joby's S4 Series electric vertical takeoff and landing (eVTOL) aircraft. The new Delaware entity, Joby Toyota Aero Manufacturing Preparation Company (JTAMPC), formalizes a structure in which Toyota owns a 51% stake and appoints three of five board members, while Joby retains the remaining 49%.

The stock has had a difficult year so far, carrying a 34.6% year-to-date deficit coming into today. However, this morning's news has JOBY looking to snap a six-day losing streak, and as the quarter winds down, the equity is also on track for its first quarterly win in three. 

Wall Street remains cautious. Of the 11 analysts covering the stock, six carry a "hold" rating, while two sport a "buy" or better. This leaves room for upgrades, should the Toyota partnership translate into stronger execution.

Notably, short interest represents 15.2% of JOBY's available float. At the stock's average daily trading pace, it would take more than three days for bearish bets to be covered.

Meanwhile, JOBY sports a Schaeffer's Volatility Scorecard (SVS) of 80 out of 100, indicating the shares have consistently delivered larger moves than options traders have priced in over the past year.

Investors often look for the next big winner in the fast-casual dining space. This match-up compares the rising Mediterranean star CAVA Group (CAVA +0.53%) against the industry heavyweight Chipotle Mexican Grill (CMG 0.36%).

CAVA aims to revolutionize the Mediterranean category through healthy, customizable bowls and grocery store offerings. Meanwhile, Chipotle continues to dominate the Mexican-inspired segment with its massive scale and digital efficiency. Deciding between them requires balancing CAVA’s explosive expansion against Chipotle’s established profitability and market leadership.

The case for CAVACAVA Group operates as a Mediterranean fast-casual brand that prioritizes fresh ingredients and customizable meals. As of late 2025, the company owned 439 restaurants across 28 states and Washington, D.C. Beyond its physical locations, the business sells proprietary dips and dressings in grocery stores to diversify its presence in consumer discretionary stocks.

In FY 2025, revenue reached roughly $1.2 billion, which represents a growth rate of nearly 22.4% compared to the previous year. The company reported a net income of approximately $63.7 million for the period, resulting in a net margin of roughly 5.4%. This performance highlights the company's ability to maintain profitability while aggressively opening new locations.

As of its December 2025 balance sheet, the debt-to-equity ratio was roughly 0.6x. This ratio compares total debt to the value of shareholder equity, suggesting a conservative approach to borrowing. The current ratio, which measures the ability to pay short-term bills with short-term assets, was approximately 2.7x. Free cash flow for the year was nearly $26.1 million.

Chipotle Mexican Grill is a global leader in the fast-casual segment with a focus on responsibly sourced ingredients. By the end of 2025, the company operated over 4,056 restaurants and employed more than 130,000 people. It has successfully expanded into international markets including Canada, Europe, and the Middle East through strategic partnerships.

During FY 2025, the company generated revenue of approximately $11.9 billion. This reflects a growth rate of roughly 5.4% over the prior year. Net income for the fiscal period was nearly $1.5 billion, which supported a strong net margin of approximately 12.9%.

According to the December 2025 balance sheet, the company's debt-to-equity ratio was roughly 2.2x. The current ratio for the same period was approximately 1.2x, indicating that short-term assets comfortably exceed short-term liabilities. Chipotle also generated a robust free cash flow of nearly $1.5 billion, providing significant capital for reinvestment or share repurchases.

Risk profile comparisonCAVA Group faces intense competition from local restaurants and larger peers like Sweetgreen. The company is highly dependent on its digital infrastructure, with digital orders accounting for nearly 38% of revenue in fiscal 2025. Additionally, the business must manage food safety risks associated with fresh, unprocessed ingredients and the complexities of scaling its own manufacturing facilities.

Chipotle Mexican Grill must manage similar food safety risks, as its brand is built on fresh, non-preserved food. The company is also vulnerable to supply chain disruptions for specific items like avocados or beef, which can significantly impact costs. Furthermore, labor risks including wage inflation and potential unionization efforts remain a concern for large employers like McDonald's and other major fast-casual chains.

Valuation comparisonChipotle Mexican Grill appears more attractively valued than CAVA Group when comparing their future earnings estimates and price relative to sales.

MetricCAVAChipotle Mexican GrillSector BenchmarkForward P/E150.6x29.4x28.6xP/S ratio8.2x3.6xSector benchmark uses the SPDR XLY sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

Which stock would I buy in 2026?I'd go with CAVA. Chipotle built the fast-casual category and remains a well-run, profitable operation with plenty of restaurants still to open. But the business is going through a rough patch right now. Traffic has declined for several straight quarters, same-store sales turned negative for the first time in years, and management is guiding for essentially flat sales in 2026. That's a tough setup for a stock that investors are used to seeing grow quickly.

CAVA is the opposite story entirely. Sales are surging well into double digits, traffic is climbing, and new restaurants are opening at a healthy pace with strong early performance. Management just raised its full-year outlook after a standout quarter, and the brand still has a long runway of states and markets left to enter.

CAVA's stock isn't cheap, and growth at this pace eventually slows for every restaurant chain. But Chipotle needs to find its footing again before it deserves the benefit of the doubt. I'll bet on the chain that's already proving it can grow.

The DealThe acquisition is expected to close in mid-2027, subject to Iridium stockholder approval and required regulatory approvals. Rocket Lab has secured a $3.6 billion 364-day senior secured bridge term loan facility from Deutsche Bank and Wells Fargo to help fund the cash component.

“This is a defining moment for the space industry and the start of a new era of strategic, accelerated growth for Rocket Lab and Iridium,” said Sir Peter Beck, founder and CEO of Rocket Lab. “By marrying Iridium’s deep heritage, trusted infrastructure, and highly sought-after spectrum with Rocket Lab’s extensive and proven launch and manufacturing capabilities, we have the capability to unlock entirely new markets.”

Mixed Technical PictureRocket Lab is currently showing a mixed technical picture, with the price trading below both the 20-day and 50-day simple moving averages, which indicates short-term bearish sentiment. However, the stock remains well above its 100-day and 200-day moving averages, suggesting a stronger long-term bullish trend.

The RSI is currently at 41.33, indicating a neutral momentum phase for Rocket Lab Corporation’s stock. This level suggests that the stock is neither overbought nor oversold, which could lead to a consolidation phase before any significant price movement.

MACD is below its signal line, indicating bearish pressure on Rocket Lab Corporation’s stock. This suggests that momentum is currently weak, and traders should be cautious as the stock may struggle to gain upward traction in the near term.

Currently, there are no defined support or resistance levels for Rocket Lab Corporation’s stock, making it difficult to predict potential reversal points. Traders should watch for any price action that establishes these levels, as they could signal a change in trend or continuation of the current movement.

Rocket Lab’s stock has not experienced any golden or death crosses recently, which means the moving averages are not currently signaling a shift in trend direction. However, the fact that the 50-day SMA is above the 200-day SMA indicates a bullish long-term trend, which traders should keep in mind.

Over the past 12 months, Rocket Lab stock has surged by 171.20%, reflecting strong investor interest and positive sentiment. This impressive performance highlights the potential for continued upward movement, but traders should remain vigilant given the current technical indicators.

Rocket Lab Shares Edge HigherRKLB Price Action: At the time of publication, Rocket Lab shares are trading 3.44% higher at $101.38, according to data from Benzinga Pro.

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SummaryRocket Lab acquires Iridium in an $8B deal, completing a three-pillar strategy: launch services, space systems, and space-based connectivity.This transformative acquisition brings 2.5M subscribers, global L-band spectrum, and 66 LEO satellites, enabling integrated constellation deployment and recurring revenues.RKLB’s valuation profile improves with Iridium’s $883M-$916M annual sales and $483M-$500M EBITDA, accelerating positive free cash flow and EBITDA timelines.I upgrade RKLB to strong buy with a $121 price target, citing the acquisition’s strategic fit, fair valuation, and forward EBITDA/cash flow growth.Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More »Sitewide Sale 2026: Get 20% Off NicoElNino/iStock via Getty Images

Space company Rocket Lab (RKLB) has once again made headlines with an acquisition, and it is a big one. The company will be acquiring Iridium in a deal valued at $8 billion. Quite often we

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

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Key Takeaways Uber has terminated its autonomous vehicle collaboration with Alphabet’s Waymo in Phoenix, Arizona. The rideshare company is currently arranging a replacement autonomous vehicle partnership in Phoenix with an undisclosed provider. Waymo robotaxis continue operating through Uber’s platform in Austin and Atlanta markets. The partnership dissolution comes after Waymo issued a recall affecting approximately 3,900 self-driving vehicles due to software defects. Analysts maintain a Strong Buy rating on UBER stock with projected upside of 43.2%, though shares are down 8% in 2026. Uber Technologies (UBER) shares declined 0.92% following confirmation that the rideshare giant has discontinued its autonomous vehicle collaboration with Alphabet’s (GOOGL) Waymo subsidiary in the Phoenix, Arizona market. Meanwhile, GOOGL shares rose 4.82%, though this movement doesn’t appear connected to the partnership termination.

Uber Technologies, Inc., UBER

The dissolution of the Phoenix arrangement concludes a collaboration initially established in 2023. That original agreement integrated Waymo’s self-driving vehicles into Uber’s ride-hailing ecosystem and food delivery operations.

According to a Waymo representative, the autonomous vehicles previously deployed in the Phoenix pilot program have been reintegrated into Waymo’s proprietary fleet. Phoenix residents can continue accessing these robotaxis exclusively through Waymo’s dedicated application rather than Uber’s platform.

Phoenix’s Role as First Test Market The Phoenix market served as the inaugural testing ground for the Uber-Waymo collaboration. An Uber representative characterized the deployment as “an intentionally limited deployment,” involving approximately a dozen vehicles specifically allocated to this pilot program.

This relatively modest fleet size reflects the experimental nature of the Phoenix operation compared to Uber’s broader self-driving vehicle strategy. Despite terminating the Waymo arrangement, Uber maintains its commitment to autonomous vehicle services in Phoenix. The company is currently finalizing arrangements with an alternative AV provider, though the partner’s identity remains undisclosed.

Waymo’s robotaxis haven’t been completely removed from Uber’s service offerings. Customers in Austin and Atlanta can still access Waymo’s autonomous vehicles through the Uber application.

The partnership termination timing carries significance. This development follows Waymo’s recent recall of nearly 3,900 self-driving vehicles nationwide.

The recall targeted a software malfunction that potentially allowed vehicles to enter closed freeway construction areas and continue operating. Reuters identified the recall as contextual background for the Phoenix partnership dissolution, though neither organization has explicitly connected these events.

Uber’s Comprehensive Autonomous Vehicle Approach Uber has been aggressively expanding its autonomous vehicle partnership portfolio beyond Waymo. Current collaborators include Rivian, Amazon’s Zoox division, China-based Pony.AI, and Croatian startup Verne.

Notably absent from Uber’s AV partner roster is Tesla. The rideshare platform has not established any robotaxi arrangements with Elon Musk’s electric vehicle manufacturer.

During the first quarter 2026 earnings conference call, CEO Dara Khosrowshahi provided growth metrics to investors. He reported that autonomous vehicle mobility trips facilitated through Uber’s platform surged more than 1,000% compared to the previous year.

Uber currently operates autonomous ride services across eight metropolitan areas. Management has outlined expansion objectives to reach up to 15 cities before year-end.

Wall Street analysts remain optimistic about Uber’s prospects despite the stock’s challenging 2026 performance. The Strong Buy consensus recommendation reflects 28 Buy ratings alongside only two Hold ratings.

The average analyst price target stands at $108.12, suggesting potential upside of 43.2% from present trading levels.

UBER shares have declined 8% year-to-date, contrasting with the favorable analyst outlook. The company has not provided a timeline for revealing its new Phoenix autonomous vehicle partnership.

Enphase Energy Inc (NASDAQ:ENPH) is trading 12.8% higher at $54.55 before the bell, surging after news it has joined the Open Compute Project (OCP) as a Platinum Member. This will give the solar giant the ability to assist in developing baseline standards for AI power and infrastructure.

The energy giant was also named a 'preferred sector pick' at Northland Capital, with the firm citing rising energy demand and costs for solar and battery powered storage. There is plenty of room for more bullish attention, with 20 of the 29 covering analysts sporting a "hold" or "strong sell" recommendation.

Enphase energy shares have been falling this month, following a 52-week high of $73.74 on May 29. In fact, before its premarket gains, the stock was headed for its worst monthly loss since October 2023. The equity is still up 50.8% in 2026, however, and the pullback has found recent support at the 100-day moving average. 

Options traders have been betting on a rebound. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), ENPH's 10-day call/put volume ratio of 6.82 ranks in the 97th annual percentile of its annual range. 

Though short interest has been retreating, it still accounts for a hefty 19% of the stock's available float. It would take over three days for shorts to buy back, at ENPH's average pace of trading.

Meanwhile, the stock sports a Schaeffer's Volatility Scorecard (SVS) of 76 out of 100. This suggests the equity has consistently realized higher-than-expected volatility over the past 12 months.

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a lease for 94,000 square feet in Union City, California with a provider of IT infrastructure, cloud and security solutions. The lease will commence September 1, 2026 and will expire October 2033. To facilitate the new lease, Terreno Realty Corporation terminated effective August 31, 2026 the in-place lease that was to expire July 2031 and received a negotiated early termination payment from the prior tenant of approximately $2.0 million.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle; and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “result,” “should,” “will,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” “potential,” “enthusiastic,” “future” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

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Defense primes are doing what they were built to do: compound through political noise. With the FY2027 Department of War budget request landing at $1.45 trillion, a $440.9 billion or 44% increase from the FY 2026 enacted level, and NATO members committing to 5% of GDP on defense by 2035, the multi-year demand picture has rarely looked more locked in. Goldman Sachs Asset Management frames it bluntly: “Geopolitical tension is increasing along with new and emerging threat vectors” while economic security takes center stage in 2026 portfolios.

The sector is delivering on that backdrop. Each of the three U.S. primes below has reaffirmed or raised 2026 guidance, sits on a record or near-record backlog, and is positioned inside the Department of War’s new framework-agreement contracting model. Here are three resilient defense stocks worth a closer look in June.

Lockheed Martin (LMT) Lockheed Martin (NYSE:LMT | LMT Price Prediction) trades around $496.61, with shares up 5% year to date and 10% over the past year. The forward multiple sits at roughly 17x, the dividend yields 3%, and the Wall Street consensus target is $625.16.

The bull case rests on backlog and contracting reform. Lockheed closed 2025 with a record $194 billion backlog, more than 2.5 years of sales, and CEO Jim Taiclet pointed to a “landmark, seven-year framework agreement for PAC-3 missiles” as the template. Taiclet said the new framework deals across Patriot, THAAD, and PrSM “will in turn support strategic investments in production infrastructure… to increase production rates of these critical systems by 3-4 times current rates.” Management reaffirmed FY2026 EPS guidance of $29.35 to $30.25 and free cash flow of $6.50 billion to $6.80 billion. The company also delivered its 23rd consecutive year of dividend increases.

The caveat: Q1 2026 was bumpy. EPS of $6.44 missed the $6.70 consensus, segment margins compressed from 12% to 10%, and a $125 million unfavorable F-16 adjustment reminded investors that fixed-price contract exposure cuts both ways. Free cash flow was negative $291 million in the quarter.

Northrop Grumman (NOC) Northrop Grumman (NYSE:NOC) is the contrarian pick of the trio. Shares trade near $508.19 and are down 9% year to date, creating a setup where the trailing P/E of about 16x looks compelling against an analyst consensus target of $696.95. The dividend yields 2%.

Q1 2026 was the inflection. Adjusted EPS of $6.14 beat the $6.06 estimate, revenue rose 4% to $9.88 billion, and Aeronautics Systems swung from a $183 million operating loss to $305 million in operating income as the prior-year B-21 charge rolled off. Mission Systems margin expanded to 15% from 13%, net income jumped 82% year over year, and the backlog stood at $95.6 billion. CEO Kathy Warden flagged “robust bookings, mid-single-digit organic sales growth.” Management reaffirmed FY2026 sales of $43.5 billion to $44.0 billion and MTM-adjusted EPS of $27.40 to $27.90. The B-21 Raider production ramp and the Sentinel ICBM program represent multi-decade revenue streams that no future administration will unwind.

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The caveat: Q1 free cash flow was negative $1.82 billion, and a $71 million unfavorable EAC adjustment on the GEM 63XL rocket motor after a launch anomaly is a reminder of program-execution risk. Space Systems revenue fell 3% on the NGI wind-down.

RTX (RTX) RTX (NYSE:RTX) is the momentum name. Shares trade at $185.55, up 30% over the past year, with a forward P/E near 26x, a dividend yield of 1%, and a consensus target of $215.73.

Q1 2026 was the fourth consecutive EPS beat. Adjusted EPS of $1.78 beat the $1.52 consensus, revenue rose 9% to $22.08 billion, and free cash flow expanded 65% year over year to $1.31 billion. Raytheon adjusted operating profit jumped 25% on Patriot and naval munitions demand. CEO Chris Calio said RTX is “increasing adjusted sales and EPS in our full year outlook” citing “the strength we’re seeing in our defense business.” The raised 2026 outlook calls for adjusted sales of $92.5 billion to $93.5 billion and EPS of $6.70 to $6.90, with backlog at $271 billion ($162 billion commercial, $109 billion defense), the largest of the three primes.

The caveat: the Pratt & Whitney powder metal matter still requires accelerated GTF fleet inspections, and tariff headwinds plus pending DOJ deferred prosecution agreements and SEC investigations remain unresolved overhangs. At 34x trailing earnings, the multiple leaves little room for execution stumbles.

What to Watch Next The catalyst path through the back half of 2026 runs through framework-agreement awards, FY2027 budget appropriations, and continued allied procurement. With the FY 2027 procurement line set to rise to $257.591 billion versus $163.626 billion enacted for FY 2026, the multi-year demand signal that anchors all three theses is strengthening. If global defense spending stays at multi-decade highs, the resilience descriptor earns its keep.

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Contact [email protected] for any questions or corrections.

GREENWICH, Conn.--(BUSINESS WIRE)---- $IBKR #Earnings--Interactive Brokers Group, Inc. (Nasdaq: IBKR) plans to announce its second quarter financial results on Tuesday, July 21, 2026, in a release that will be issued at approximately 4:00 pm (ET). The press release will also be available on the company's website, www.interactivebrokers.com/ir. A conference call to discuss the company's results will be held at 4:30 pm (ET) on that day, July 21, 2026. Members of the public who would like to listen to the conference.