Track market-moving stories before they get noisy

Key Takeaways CVS posted broad-based Q2 growth, with revenues up 7% and adjusted EPS rising 40% year over year.CVS raised 2026 revenue, operating income and adjusted EPS targets after a strong first-half performance.Caremark pressures, membership declines and medical costs remain key hurdles for CVS heading into 2027. CVS Health (CVS - Free Report) reported its second-quarter 2026 results on Aug. 5. Revenues reached $106 billion, while adjusted operating income came in at approximately $5.2 billion, up more than 7% and 35%, respectively, from the prior-year quarter. The company saw growth across both the top and bottom lines in all of its operating segments. Adjusted earnings per share (EPS) improved significantly, increasing 40% year over year to $2.58.

CVS ended the quarter with approximately $2.7 billion of cash at the parent and unrestricted subsidiaries and a leverage ratio of roughly 3.5. Cumulative operating cash flow reached nearly $10.6 billion in the first half, reflecting strong earnings year to date and the impact of working capital improvements. Following the solid six-month performance, management raised its outlook for the full-year 2026 adjusted EPS and cash flow from operations.

The quarterly results, however, did not translate into a stronger stock performance. CVS shares ended the session 5.1% lower than the previous day’s close.

CVS Outpaces Key Benchmarks & PeersOver the past 12 months, the stock has climbed 32.4% compared with the industry’s 9.6% growth, the Medical sector’s 10.2% increase and the S&P 500 composite’s 23.7% gain. The stock has also fared better than peers UnitedHealth Group (UNH - Free Report) and Elevance Health (ELV - Free Report) , which have risen 29.8% and 25.1%, respectively, over the same period.

CVS Stock’s 12-Month Price Performance
Image Source: Zacks Investment Research

CVS Health’s Q2 Results: Broad-Based Growth Across SegmentsThe Health Care Benefits revenues increased 3.5%, driven by strength in the Government business. This growth was partially offset by the company’s strategic exit from the individual exchange business this year, which brought total medical membership down by roughly 700,000 members compared to the prior-year period. CVS is seeing significant momentum in Aetna's margin recovery, with year-to-date adjusted operating income expanding by more than $2 billion, reflecting the cumulative impact of the actions taken over the past two years.

Medical benefit ratio was 87.4% compared to 89.9% in the prior year, with the impact of changes in our individual exchange risk adjustment position associated with the 2025 plan year as well as the impact of favorable prior-year development contributing roughly 140 basis points (bps).

In Health Services, the top line grew 11.5% year over year, led by pharmacy drug mix and brand inflation. However, continued pharmacy client price improvements remained a drag on growth. Adjusted operating income growth of 10% was primarily driven by improved purchasing economics and pharmacy drug mix and modest improvement in the health care delivery business, which rose 23%.

Pharmacy and Consumer Wellness revenues increased slightly in the quarter, driven by pharmacy drug mix, higher prescription volume, including contributions from the Rite Aid asset acquisitions, and brand inflation. Adjusted operating income grew 10%, primarily due to core pharmacy strength and incremental contributions from the Rite Aid transaction.

CVS Health Sets Higher 2026 TargetsCVS Health raised its full-year 2026 outlook across key financial metrics. The company now expects revenues of at least $414 billion, up from its previous forecast of at least $405 billion. Enterprise adjusted operating income is projected at $16.58 billion to $16.92 billion compared with the prior range of $15.53-$15.87 billion.

Within this outlook, Health Care Benefits adjusted operating income is now expected to reach $5.03 billion to $5.37 billion, more than $1 billion above the previous guidance. Adjusted EPS is now expected in the range of $7.90-$8.10 compared with the prior range of $7.30-$7.50.

CVS’ Earnings Revision TrendThe Zacks Consensus Estimate calls for the company’s EPS to increase 17.3% to $7.92 in 2026, followed by another 7% increase to $8.48 in 2027. The estimates have moved higher consistently over the past three months.

Image Source: Zacks Investment Research

A Look at CVS’ ValuationCVS trades at a forward, five-year Price/Sales (P/S) of 0.28X, slightly above its historical median of 0.26X but well below the 0.52X industry average. It has a Value Score of A.

CVS Health’s 5-year P/S F12M
Image Source: Zacks Investment Research

By comparison, peers UnitedHealth Group and Elevance Health command higher valuations, trading at a P/S of 0.80X and 0.44X, respectively.

CVS Faces Near-Term HeadwindsIn the second quarter, CVS Caremark’s 340B business faced some pressure. Restrictions imposed by pharma manufacturers on covered entities and some large specialty drugs turning generic weighed on the program. Though the impact was offset by strength in other parts of Caremark, management expects these pressures to persist and pose a headwind in 2027.

Caremark’s membership decline remains another challenge next year. The fall is expected to result from CVS’ transition to the lowest-net-cost pricing model and taking a more deliberate approach to client renewals and the selling season. Product actions and market exit by some of the company’s health plan customers will also likely play a role.

Medical cost utilization remains a key risk to Aetna’s recovery despite the improvement seen in the first half of 2026. Macroeconomic factors, including inflation, tariffs, interest rates, unemployment and supply-chain disruption, can affect costs, consumer behavior and cash flow across the enterprise.   

Our Take on CVS StockCVS Health’s latest results show strength across key parts of the business and continued progress in Aetna’s margin recovery. Pharmacy & Consumer Wellness maintained solid momentum, while Health Services benefited from drug mix and brand inflation. Health Care Benefits also gained from strength in the Government business. The raised full-year guidance adds to the positive outlook.

At the same time, Caremark’s 340B pressures and expected membership declines remain notable near-term hurdles, while higher medical cost utilization could slow Aetna’s margin recovery.

The stock has outperformed its industry, sector and peers over the past 12 months. Valuation also remains attractive, with CVS trading at a lower sales multiple than its industry and peers. Given these factors, existing shareholders may want to retain their position. Prospective investors, however, should wait for a more favorable entry point.

CVS carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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First-of-its-kind platform transforms Xfinity WiFi into an always-on layer of cybersecurity, physical and family protection for tens of millions of homes and devices

Available to Xfinity Internet customers at no additional cost

Key Takeaways:

Xfinity Shield is the first-if-its-kind platform to combine cybersecurity, home and family protection into one seamless app experience.Powered by Comcast's advanced network and AI capabilities, Xfinity Shield transforms home WiFi into always-on protection via the Xfinity Gateway.Xfinity Shield has two offerings: WiFi Shield provides security built into Xfinity WiFi at no additional cost to Xfinity Internet customers, and Shield Select further extends protection through hardware, AI-enhanced monitoring and access to emergency services for $15 per month. PHILADELPHIA--(BUSINESS WIRE)--Comcast introduces Xfinity Shield, a first-of-its-kind platform for intelligent home protection. Xfinity Shield leverages AI capabilities embedded across the nation’s largest converged network and Xfinity Gateway technology to transform WiFi into an always-on layer of cybersecurity, physical and family protection.

As homes become increasingly connected, so do the risks that come with them. The average Xfinity customer now connects 36 devices to WiFi, exposing households to more online risks. The Xfinity Gateway helps block malicious activity before it reaches devices and provides protection across the entire home. Today, Comcast identifies, filters, and blocks an average of 30 million threats every day.

But protecting the home extends beyond cybersecurity. Consumers today often juggle separate, expensive solutions for digital security, home monitoring and family safety. Xfinity Shield addresses this fragmentation by bringing these capabilities together in a new product suite – managed through one simple experience in the Xfinity app.

"Xfinity Shield represents our vision for the next era of the intelligent home," said Jon Gieselman, Chief Growth Officer, Connectivity & Platforms, Comcast. "We believe the network should do more than connect devices. It should help protect the people, their personal information, and everything within their homes that depend on our most reliable WiFi every day. That’s the vision behind Shield: advancing the role of WiFi to both connect and protect the home.”

WiFi Shield: Built-In At-Home Protection

At the heart of Xfinity Shield is WiFi Shield, included at no additional cost for Xfinity Internet customers*, which delivers three layers of protection built into the WiFi experience:

Digital Protection: Cybersecurity Starts at the Network
WiFi Shield includes Xfinity CyberSecure, cybersecurity that helps automatically protect any device connected to the Xfinity Gateway from malware, hackers, phishing attempts and other online threats before they reach devices in the home. Unlike device-specific security tools, CyberSecure works at the WiFi level – assessing threats on the home network continuously to help protect every connected device – while also giving customers greater visibility and control when new devices join the network. Physical Protection: Awareness Without Additional Equipment
An opt-in feature, WiFi Motion uses the Xfinity Gateway and connected devices to detect motion inside the home – without cameras or traditional motion detectors. Using Xfinity Gateway intelligence, WiFi Motion detects changes in the home’s radio frequency signal between the Xfinity Gateway and a WiFi connected device, then sends instant notifications to customers through the Xfinity app when unexpected activity is detected. It provides an added layer of awareness without recording video, capturing images or identifying individuals. Family Protection: Simpler Controls for Healthier Digital Habits
Through Family Settings, customers can access tools that help establish online boundaries and create healthier digital habits for every member of the household. With devices connected through the Gateway, families can create profiles and organize devices by person in the app – enabling them to manage screen time, set device limits, pause WiFi and build schedules. Within the Xfinity app, customers can also customize these features and notifications in three protection modes – Home Watch, Away Watch and Dark Watch – providing peace of mind when they’re home, away or asleep.

Shield Select: Enhanced Protection with AI-Powered Capabilities

For customers seeking an additional layer of protection, Comcast is also introducing Shield Select, which combines all the benefits of WiFi Shield with integrated hardware and enhanced capabilities. Shield Select includes an indoor camera, door/window sensor, cloud video storage capabilities and 24/7 urgent response functionality that allows customers to tap for emergency help.

Shield Select provides smart motion detection to AI-powered cameras that identifies people, pets, vehicles and package deliveries.

"Our goal was simple: make protection easier, smarter and more accessible," said Fraser Stirling, Global Chief Product Officer, Comcast. "We believe the future of protection should be integrated into the technology people already use every day, not added as another product they have to manage. With Xfinity Shield, WiFi delivers protection that helps safeguard people's digital lives, homes and families in a simple, digital-first experience."

Getting Started with Xfinity Shield
Xfinity Shield is the latest offering from Xfinity Home and is available beginning August 18. WiFi Shield is available nationwide for all Xfinity Internet customers with Advanced Xfinity Gateways. Customers can seamlessly upgrade to Shield Select for $15 per month in the Xfinity app.

WiFi Shield and Shield Select are the first offerings in this new platform, with additional capabilities and experiences to follow in 2027.

*Customers must have an Advanced Xfinity Gateway to have access to all features.

About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

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Nutanix and ChronoScale plan to integrate their platforms so enterprises can extend into ChronoScale GPU-as-a-Service, pre-paid inference tokens through ChronoScale Token Factory, and a locally-deployed ChronoScale Foundry for enterprise agentic AI workflowsChronoScale to leverage Nutanix Agentic AI software solution for neoclouds to deliver broad portfolio of accelerated compute and AI servicesCollaboration extends to go-to-market, joint solution development, technical integration, and customer engagement programs SAN JOSE, Calif. and Menlo Park, Calif., Aug. 18, 2026 (GLOBE NEWSWIRE) -- Nutanix (NASDAQ: NTNX), a hybrid cloud leader and AI innovator, and ChronoScale Holdings Corporation (NASDAQ: CHRN), an accelerated compute platform purpose-built to support demanding artificial intelligence workloads, today announced a strategic partnership to jointly deliver enterprise-ready AI infrastructure and help accelerate adoption of AI services across global markets.

The partnership brings together complementary capabilities enterprise customers have historically had to assemble themselves — combining Nutanix's full portfolio of agentic AI solutions with ChronoScale's accelerated compute, enterprise AI foundry, and outcome-driven delivery model.

ChronoScale and Nutanix Platform Integration

ChronoScale plans to leverage Nutanix software within its AI infrastructure platform to help deliver a broad portfolio of accelerated compute and AI services. The parties expect Nutanix software to help support customer onboarding, tenant management, service automation, virtualized infrastructure, managed Kubernetes environments, and advanced AI service offerings. ChronoScale's platform is designed to support a broad ecosystem of technology partners. The companies also intend to jointly maintain demonstration and proof-of-concept environments to support customer evaluations and accelerate adoption of agentic AI solutions in the enterprise.

Extended GPU capacity, on-premises and beyond

ChronoScale plans to extend the Nutanix on-premises cloud footprint with elastic access to modern GPU capacity. Customers are expected to be able to procure reserved capacity through ChronoScale GPU-as-a-Service (GPUaaS) for predictable workloads, or draw on ChronoScale Token Factory — pre-paid inference tokens backed by leading open-source models — for burst and experimental workloads. The parties intend to integrate both offerings with the Nutanix enterprise AI offerings, including Agent Gateway and Private Inferencing, with the goal of providing customers a single control plane across their on-premises environment and ChronoScale capacity.

ChronoScale Foundry, delivered through Nutanix

Nutanix will enable the deployment of ChronoScale Foundry, an enterprise AI foundry, inside the customer's own environment, giving enterprises a managed platform to build, run, and govern agentic workflows locally. Agents, enterprise data, and workflow state remain within the customer's boundary. Enterprise customers are expected to be able to deploy Foundry directly through the Nutanix Kubernetes Platform Catalog, extending Nutanix's AI portfolio into managed agentic workloads.

The partnership is designed to help enterprises globally deploy production-scale AI environments faster, with greater operational simplicity, sovereignty, security, and scalability.

The partnership being announced today is underpinned by the strategic relationship and technology partnership that both ChronoScale and Nutanix have with NVIDIA. Chronoscale is an NVIDIA Cloud Partner (NCP), delivering an accelerated computing platform, built and optimized using NVIDIA-validated reference designs to deliver consistent performance at scale. Nutanix is an NVIDIA technology partner and ISV that has a suite of NVIDIA validated software to operate enterprise AI factories.

Together, ChronoScale and Nutanix intend to deliver an integrated platform built on NVIDIA AI economics that is designed to reduce operational complexity and accelerate time-to-value for enterprises adopting AI at scale. ChronoScale plans to deploy NVIDIA HGX B300 systems interconnected via NVIDIA Spectrum-X networking and NVIDIA AI Enterprise software, including NVIDIA NIM microservices and NVIDIA NeMo to deliver a production-ready stack.

Executive Commentary

"The next phase of AI is about making enterprise-grade infrastructure easier to consume and faster to deploy. This partnership with Nutanix brings together two complementary strengths — Nutanix's proven cloud platform and ChronoScale's accelerated compute, AI services, and Enterprise AI Foundry — to give customers a shorter, more sovereign path to production AI. It is an important milestone in our mission to become the platform where the global AI ecosystem converges."

— Cenly Chen, Chief Executive Officer, ChronoScale

"Organizations are looking for a simpler path to deploying AI at scale. ChronoScale is building an impressive global AI infrastructure platform designed for the demands of modern AI workloads. Together, we will help enterprises accelerate their AI transformation by combining high-performance infrastructure with the operational simplicity, flexibility, and security that Nutanix delivers."

— Tarkan Maner, President and Chief Commercial Officer, Nutanix

The partnership also establishes a framework that includes joint marketing activities, sales enablement, technical collaboration, joint solution development, and customer engagement programs. Nutanix and ChronoScale intend to work together to target Global 2000 organizations and other enterprise customers seeking scalable AI infrastructure and sovereign AI services. The companies intend to jointly maintain demonstration and proof-of-concept environments to support customer evaluations and accelerate enterprise adoption of Agentic AI solutions. The partnership is expected to be implemented through one or more definitive agreements.

About ChronoScale

ChronoScale Holdings Corporation (NASDAQ: CHRN) is an accelerated compute platform purpose-built to support demanding artificial intelligence workloads. Focused on large-scale deployments, ChronoScale delivers dedicated compute environments — including GPU-as-a-Service, Token Factory, and the ChronoScale Foundry for enterprise agentic AI — optimized for performance, sovereignty, and long-term operational execution, with the ability to scale capacity alongside accelerating AI demand.

About Nutanix

Nutanix is a hybrid cloud leader and AI innovator, offering organizations a unified infrastructure software platform to safely run applications, data, and AI anywhere. Trusted by customers worldwide, Nutanix empowers more than 50% of the Global 2000 to innovate faster with AI, while modernizing infrastructure, simplifying operations, and controlling costs. Learn more at www.nutanix.com or follow us on social media.

ChronoScale Forward-Looking Statements

Statements in this Press Release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to: statements regarding the Company, its plans and objectives and anticipated future economic performance; statements about the cloud compute industry; statements regarding the Company's ability to expand capacity and meet accelerating demand; statements regarding future leadership of the Company; and statements of assumptions underlying other statements and statements about the Company or its business. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the Company's expectations. These risks, uncertainties, and other factors include: limitations on the Company's ability to attract and retain key personnel, including executive officers and Board members of the Company; customer concentration, and an inability to renew existing customer agreements; the success of the Company's risk management activities, including any failure by the Company to implement and maintain effective internal controls; litigation, including the potential litigation concerning the business combination; cash flow and access to capital; conditions in the debt and equity capital markets; slower than anticipated growth in the cloud compute industry; uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K filed with the SEC on February 23, 2026, as amended on April 10, 2026, subsequently filed Quarterly Reports on Form 10-Q, the definitive Information Statement on Schedule 14C filed with the SEC on April 3, 2026, and the risks described in other filings that the Company may make from time to time with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by applicable law.

Nutanix Forward-Looking Statements

This press release contains express and implied forward-looking statements, including but not limited to statements regarding the referenced partnership; planned technical integrations; future products, services, and offerings; anticipated customer benefits; joint go-to-market activities; referral arrangements; customer adoption; the timing and availability of future solutions; and the parties' ability to successfully negotiate, execute, and implement definitive agreements relating to the contemplated collaboration. These forward-looking statements are based on Nutanix's current expectations, estimates, assumptions and projections and involve risks and uncertainties that could cause actual results to differ materially. Actual results may differ materially due to a number of factors, including the parties' ability to negotiate and enter into definitive agreements, complete anticipated integration efforts, develop and deliver contemplated functionality, successfully execute go-to-market activities, achieve customer adoption, and realize the anticipated benefits of the collaboration, and other risks and uncertainties described in Nutanix’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10‑K for the fiscal year ended July 31, 2025 and subsequent Quarterly Reports on Form 10‑Q and other filings. These forward‑looking statements speak only as of the date of this press release, and Nutanix undertakes no obligation to update or revise any forward‑looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Many of the anticipated products, services, integrations, offerings, features and functionalities described herein remain in various stages of planning, development, testing and implementation and will be offered on a when-and-if-available basis. The development, release, and timing of any such products, features or functionalities are subject to change. Nutanix will not have any liability arising from reliance on this press release for any failure to deliver, or delay in the delivery of, any such products, features or functionalities. Any future product or product feature information is intended to outline general product directions, and is not a commitment, promise or legal obligation for Nutanix to deliver any functionality. This information should not be used when making a purchasing decision.

ChronoScale Investor Relations & Media Contacts

Matt Glover or Ralf Esper
Gateway Group, Inc.
+1 949 574 3860
[email protected]

Nutanix Investor Relations & Media Contacts

Investor Relations Contact:
Richard Valera
[email protected]

Media Contact:
Jennifer Massaro
[email protected]

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Four of the most closely watched hedge fund managers on Wall Street disclosed sizable long positions in Lattice Semiconductor (NASDAQ:LSCC | LSCC Price Prediction) in 13F filings covering the quarter that ended June 30, 2026, released on August 14, 2026. Steve Cohen’s Point72 added to what is now a $228.2 million position, representing 0.25% of the fund’s portfolio. Daniel Sundheim’s D1 Capital held 1,084,051 shares worth $165.8 million, or 0.48% of the portfolio. Dmitry Balyasny added to a 882,412-share stake valued at $135 million, and Israel Englander’s Millennium added to a 585,818-share position worth $89.6 million.

The counter-signal deserves equal weight. Stanley Druckenmiller’s Duquesne Family Office completely exited its LSCC position, previously valued at roughly $30 million. Given Druckenmiller’s track record, that exit registers as a legitimate contrarian datapoint.

What the Bulls See The thesis for the four buyers is grounded in a fundamental acceleration that became visible after the quarter closed. Lattice reported record Q2 2026 revenue of $201 million, up 62% year over year, with the Compute and Communications segment growing 83% year over year on AI server demand. Non-GAAP EPS came in at $0.53, more than doubling year over year, and non-GAAP gross margin expanded to 71.7%.

The larger catalyst is the AMI acquisition, which closed July 27, 2026 for $1 billion in cash plus 5.2 million shares. AMI brings a $200 million-plus annual revenue run rate with mid-to-high 70% gross margins and EBITDA margins above 40%. Combined Q3 guidance calls for $245 million to $265 million in revenue, an annualized run rate above $1 billion. CEO Ford Tamer told analysts that “the visibility is increasing daily. It’s really unprecedented. We’ve got visibility all the way to the end of 2027. 2027 is pretty much booked.”

Cohen, Sundheim, Balyasny, and Englander were positioning ahead of these disclosures. The stock has since responded, gaining 80.31% year to date and 108.83% over the past year.

What Druckenmiller Might Be Seeing Druckenmiller’s exit almost certainly predates the Q2 report. The bear case rests on the price paid for the operating story. Lattice trades at a trailing P/E of 522 and a forward P/E of 66, with a price-to-sales ratio of 28. Insiders have logged 28 recent transactions net to selling. Layer in 78% Asia revenue concentration, AMI integration risk, and semiconductor cyclicality, and the risk framing sharpens.

Verdict for Retail Investors The consensus target from analysts sits at $164.92, with 11 buys and 1 sell, above the current $125.10 quote. The four-fund consensus is worth respecting because it aligns with an operating inflection: record revenue, expanding margins, an accretive acquisition, and booked capacity into 2027. For a retirement-focused investor, the setup worth watching is a pullback toward the 200-day moving average near $104, where the fundamental picture remains intact and Druckenmiller’s valuation objection loses some of its bite. The smart-money signal aligns with the operating thesis rather than the current top tick.

Contact [email protected] for any questions or corrections.

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New responsible AI features bring enhanced transparency and governance to AI-powered marketing, while a new partnership with Gryphon unites responsible AI with compliance assurance

WALTHAM, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the enterprise AI software company for mission-critical work, today announced new responsible AI advancements that accelerate AI-powered customer engagement while reducing risk. The first is the general availability of Pega Customer Engagement StudioTM, a set of new agentic and automation capabilities within Pega Customer Decision Hub™ that enable the rapid design of customer engagement strategies using natural language, embedded best practices, and built-in governance to confidently optimize campaign effectiveness.

Pega also announced a partnership with Gryphon, a leading contact governance platform that provides omnichannel governance, continual auditability, and reach recovery for enterprises across highly regulated industries, including financial services, insurance, healthcare, retail, and communications, to meet TCPA, TRS, DNC, and FDCPA requirements. Together with Pega’s newest capabilities, these advancements reinforce that AI speed and responsibility must go hand in hand.

Market Context: Rising Pressure on Responsible AI

As regulatory scrutiny intensifies, businesses are simultaneously expected to operationalize AI and scale customer engagement. According to EY, organizations are struggling to find this balance, noting “Only a third of companies have responsible controls for current AI models despite nearly three-quarters having AI integrated into initiatives across the organization.”

Governance should not constrain customer engagement but rather serve as the foundation for safe, sustainable AI adoption. Enterprises that embed transparency and compliance into AI systems can scale with confidence while reducing reputational and regulatory risk.

A Closer Look: Governed AI at Scale

New responsible AI enhancements for Pega Customer Decision Hub help ensure AI-powered marketing is fast, auditable, and accountable. These enhancements are a part of Pega Customer Engagement Studio, a new Customer Decision Hub agentic experience announced at PegaWorld® 2026 that unifies Pega and third-party agents so marketers can move from brief to live, personalized actions in minutes.

Benefits include:

Get campaigns right the first time: Enables users to design campaigns conversationally while the embedded AI assistant captures intent, asks clarifying questions, and generates strategy logic. It also automatically validates against best practices, translates intent into executable rules, and enforces approval workflows with audit history, escalation, and re-approval controls. Simplify policy creation and reduce training needs: Helps users build advanced engagement policies for always-on actions without expert training. An AI assistant reuses approved logic, guides policy configuration (eligibility, suitability, applicability, and contact rules), and leverages existing data models to improve consistency and reduce build time. Reduce risk with intelligent validation and monitoring: Prevents misconfiguration with an eligibility criteria builder that validates targeting rules, while compliance monitoring detects changes (such as opt-outs) in connected systems and flags issues before execution. These features complement existing Customer Decision Hub offerings including Customer Profile Viewer for clearer decision transparency and Pega T-SwitchTM for configurable AI explainability. Additionally, Ethical Bias Check ensures fairness by identifying and mitigating bias before deployment, enabling more responsible, transparent customer engagement. Together, users gain a more responsible approach to their AI usage to get customer engagement right, every time.

Pega and Gryphon: A New Strategic Partnership

Pega is partnering with Gryphon to further advance its responsible AI strategy. Pega Customer Decision Hub governs AI behavior through transparent, unbiased models and clearly defined engagement logic focused on decision quality and fairness, while Gryphon complements this by governing outreach legality as a discrete compliance layer. Together, the partnership introduces two key capabilities for joint clients:

Optimization: While Customer Decision Hub intentionally suppresses audiences based on engagement policies, organizations often over-suppress out of caution. The Gryphon ONE platform recovers audiences by identifying legally valid exemptions and state-specific rules. Revenue calculator: Gryphon ONE quantifies the financial impact of over-suppression and legal exposure, enabling data-driven executive and sales conversations not natively addressed in Customer Decision Hub. By combining Customer Decision Hub and Gryphon ONE, organizations can move faster than those retrofitting compliance, creating an end-to-end approach that links responsible decisioning with trusted customer engagement.

Availability

Organizations can visit Pega’s Responsible AI page to better understand real-world examples of AI risk within their industries and how to address them. Pega’s new agentic capabilities and Pega Customer Engagement Studio are now available at no additional cost to existing Pega Customer Decision Hub clients as part of the Pega InfinityTM 26 release.

Quotes & Commentary

“Enterprises can’t afford to treat AI governance as an afterthought,” said Rob Walker, general manager, 1:1 customer engagement, Pega. “This expansion of our responsible AI capabilities – from our new agentic AI offerings to our partnership with Gryphon – gives our clients the ability to move faster with AI while helping ensure every decision is transparent, compliant, and accountable.”

"Pega and Gryphon share a foundational belief: that AI-powered customer engagement must be both intelligent and responsible, all the way through to delivery," said Clay McNaught, CEO, Gryphon. "We're giving our joint customers a clear, trusted path from AI decision to compliant contact."

Supporting Resources

Product page: Pega Customer Decision Hub Pega’s approach to AI-powered marketing Learn more about Gryphon Background: Responsible AI at Pega About Pega

Pega delivers the platform to reimagine, run, and evolve the processes and decisions an enterprise can't afford to get wrong. We combine AI with proven architecture to keep mission-critical operations governed, scalable, and continuously adaptable. Since 1983, the world's largest organizations have trusted Pega to turn transformation ambition into durable results. Learn more at pega.com.

All trademarks are the property of their respective owners.

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Key Takeaways Clean Harbors gained 15.9% in six months, beating the industry's 5% decline and the S&P 500's 14% rally.CLH's 2026 EPS estimate rose 11.9% in 60 days, with four upward revisions and no downward changes.CLH had $517M in cash versus $13M in current debt, while Q2 FCF climbed to $115M from negative $91M. Clean Harbors, Inc. (CLH - Free Report) stock has gained 15.9% over the past six months against the industry’s 5% decline and the Zacks S&P 500 Composite's 14% rally.

6-Month Share Price Performance                                                                 Image Source: Zacks Investment Research

Let us delve into the factors that have contributed to the company’s outperformance.

Outlook Reinforced by Upward Estimates Revision: For 2026, the Zacks Consensus Estimate for top line is pinned at $6.6 billion, suggesting 6.9% year-over-year growth. The consensus estimate for EPS is pegged at $9.51, implying a 30.6% increase.

Over the past 60 days, four EPS estimates for 2026 have been revised upward with no downward adjustments, highlighting optimistic sentiments among analysts. In the same period, the Zacks Consensus Estimate for 2026 EPS moved up 11.9%.

Robust analyst conviction, coupled with bright top- and bottom-line momentum, bolsters CLH’s performance in 2026. This stock offers a solid risk-reward entry point for investors seeking a growth play, supported by strong fundamentals and analyst sentiment.

Solid Liquidity Profile: As of June 30, 2026, CLH held $517 million in cash and equivalents against a current debt of $13 million. The company’s liquidity profile stands on the back of a manifold increase in operating cash flow to $239 million during the second quarter of 2026 and a free cash flow (FCF) of $115 million, which is a significant rise from the preceding quarter’s negative FCF of $91 million. A strong balance sheet and cash position rank CLH’s liquidity profile in the top tier.

                                                                 Image Source: Zacks Investment Research

Clean Harbors’ current ratio attests to its solid liquidity profile. During the second quarter of 2026, CLH’s current ratio of 2.13 outperformed its industry average of 1.02, signaling effective short-term debt coverage and minimal liquidity risks.

                                                                  Image Source: Zacks Investment Research

Capital Return via Persistent Share Buyback: The company repurchased $50.2 million of stock in 2022, $51.1 million in 2023, $55.2 million in 2024 and $250 million in 2025. In the first six months of 2026, it repurchased another $52.1 million of common stock. During the second quarter of 2026, share count dipped marginally year over year, which, when combined with 34.3% net income growth, led to a 36.4% jump in EPS. This EPS accretion maximizes shareholders' value.

Zacks Rank & Stocks to ConsiderClean Harbors currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Business Services sector are Acuity (AYI - Free Report) and Marsh (MRSH - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Acuity has a long-term earnings growth expectation of 10%. AYI delivered a trailing four-quarter earnings surprise of 4.9%, on average.

Marsh has a long-term earnings growth expectation of 6.7%. MRSH delivered a trailing four-quarter earnings surprise of 4.1%, on average.

Shares of CoreWeave (NASDAQ:CRWV) are down 7% Tuesday morning to $98.11, an outlier decline on a day when the broader cloud software basket trades higher. The catalyst is rising Treasury yields rather than any change in AI demand.

The 10-year Treasury yield sits at 4.73%, near the top of its 52-week range of 3.95% to 4.75%. For the most debt-dependent name in AI infrastructure, that repricing hits harder than for any listed peer. Our coverage of David Tepper’s disclosed second-quarter positions discussed CoreWeave’s capital structure earlier today.

Why Yields Are the Story CoreWeave finances multi-billion-dollar data center construction with borrowed money, and much of its earnings sit years in the future. Higher yields raise both the interest cost on that debt and the discount rate applied to those future cash flows. Both dials moved against the stock at once.

The Q2 2026 balance sheet spells out the exposure. Interest expense reached $640 million in the quarter, debt-to-equity sits at 8.94, and net debt to EBITDA is 10.75.

The bull case is real. Second-quarter revenue doubled to $2.575 billion, backlog stands at $104 billion, and adjusted EBITDA margin is 59%. The net loss came in narrower than analysts had modeled.

Meanwhile, the bear case is that deeply negative free cash flow requires continuous capital markets access, and cost of sales rose 180% last quarter, matching the pace of the two prior quarters. A business with a 59% adjusted EBITDA margin and a $104 billion backlog still faces a first-order cost-of-money problem, with $640 million of interest expense and net debt to EBITDA of 10.75 keeping the equity sensitive to rates.

Peers Are Barely Moving Nebius Group (NASDAQ:NBIS | NBIS Price Prediction) stock is down 0.9% to $266.50, essentially flat. The company is also leveraged, with roughly $10 billion in aggregate convertible principal across six series maturing from 2029 to 2033, plus a $775 million senior secured facility collateralized by GPU infrastructure and contracted cash flows. Remaining performance obligations stand at $37.5 billion, anchored by a five-year, $12 billion deal with Meta Platforms (NASDAQ:META).

Debt alone doesn’t explain the divergence. CoreWeave’s specific ratios and its far larger negative free cash flow separate it from Nebius, though Nebius carries its own customer concentration risk with three customers each representing more than 10% of quarterly revenue. Cloudflare (NYSE:NET) stock, the connectivity cloud and security platform, is down 1% to $303.82. Snowflake (NYSE:SNOW) shares, the cloud data platform, are down 0.3% to $329.03, effectively unchanged.

Oracle (NYSE:ORCL) stock is down 24% year to date through Monday’s close, the one large AI-cloud name in the red for 2026. Through Monday, CoreWeave shares were up 48%, Nebius stock up 221%, Cloudflare stock up 56%, and Snowflake stock up 50% for the year.

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) shares are up 2% to $40.65, and the fund is up 14% year to date through Monday. The WCLD fund is a thematic vehicle carrying concentration risk relative to the broad market, and it isn’t leveraged. A green print in WCLD stock while CoreWeave stock is sinking 7% is the clearest available evidence that Tuesday is a cost-of-capital story for CoreWeave specifically.

What to Watch CoreWeave has roughly 1.5 GW of active data center power and targets more than 8 GW by 2030. The expansion pipeline includes a 250-MW greenfield campus in Kenilworth, New Jersey, a Lancaster, Pennsylvania site planned initially at 100 MW with potential to reach 300 MW, and two Stockholm colocation campuses. Management added eight data centers under construction or brought online in the second quarter, taking the global footprint to roughly 51 facilities (we profiled seven of the power, cooling, and networking suppliers behind this kind of AI buildout in a free report).

Investors can watch for a break in the 10-year yield above its 52-week high. The next CoreWeave debt issuance and whether it prices at a wider spread than recent deals is the immediate signal for the credit market. Free cash flow direction is the other open question as contracted capacity converts to recognized revenue.

Contact [email protected] for any questions or corrections.

Solana (SOL) is up by 0.98% today, August 18, to trade at $76 at the time of writing, while trading volumes have also surged by 25% to $$1.38 billion. The rising price and volumes come as Cathie Wood’s ARK Invest increases exposure to the 3iQ Solana staking ETF despite fizzling demand for spot Solana ETFs.

Cathie Wood Scoops 3iQ SOL Staking ETF Shares
Data from the ARK Invest tracker shows that Cathie Wood purchased 7,115 shares of the 3iQ Solana staking ETF on August 17.

The fund manager purchased 3,830 SOL ETF shares through the ARK Next Generation Internet ETF (ARKW) and then purchased an additional 3,285 shares through the ARK Blockchain & Fintech Innovation ETF (ARKF).

The purchases come amid weakening demand for Solana ETFs. Data from SoSoValue shows that SOL ETFs have not recorded any inflows since August 12, mirroring the trend across the broader crypto ETF market.

Solana ETF Flows
However, Solana ETFs had the highest weekly inflows of $10.26 million in the week between August 10 and August 14, as earlier reported by CoinGape.

Solana Price Prediction as Cup and Handle Pattern Appears
The price of Solana is trading within a cup and handle pattern on the one-day chart. This pattern usually suggests that the long-term Solana outlook is bullish as long as the price can move above the resistance at $76.

If Solana closes above the resistance at $76, the price could gain by 8.9% and reach $83. The RSI reading of 53 suggests that the momentum is still leaning bullish, and this could support the upward move.

However, Solana has not closed above this obstacle at $76 since July 20. This suggests that sellers are likely dumping tokens when the price nears this resistance at $76.

Solana DeFi Activity
If the breakout above $76 fails again, Solana price could drop to the lower Bollinger band of $72 to find support before attempting another upward move.

Solana Network Activity Falls
Data from DeFiLlama shows that the Total Value Locked (TVL) on the Solana blockchain has dropped from $8.19 billion to $4.85 billion at the time of writing.

The TVL in terms of SOL value has also declined from 75 million SOL on June 7 to 63.84 million SOL at the time of writing, suggesting that network users have withdrawn 12 million SOL from various DeFi protocols that are available on Solana.

Solana DeFi Activity
The total market cap of stablecoins on Solana has also dropped from $16.4 billion on July 25 to $15.3 billion, which also suggests that network usage is falling.

However, this drop mirrors the trend across the broader DeFi space, where the TVL across all blockchains has dropped from $114 billion to $75 billion at the time of writing.

Companies to explore long-term HALEU supply arrangement supporting advanced reactor deployments and strengthening the U.S. nuclear fuel supply chain

New York, N.Y., and Boston, Massachusetts., Aug. 18, 2026 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions, and Quadrant Nuclear Industries, Inc. (QNI), a developer of integrated nuclear fuel cycle capabilities, today announced they have entered into a memorandum of understanding (MoU) establishing a non-binding framework for collaboration on the future supply of high-assay low-enriched uranium (HALEU) fuel.

The MoU reflects a shared commitment to strengthening the domestic nuclear fuel supply chain, accelerating deployment of advanced reactors, including NANO Nuclear’s KRONOS MMRTM Energy System, and supporting U.S. energy security and decarbonization objectives.

Under the MoU, NANO Nuclear and QNI will engage in discussions over the coming years regarding the potential supply and long-term offtake of HALEU produced at QNI's planned Vanguard facility at Idaho National Laboratory (INL).

Figure 1 - NANO Nuclear Energy and Quadrant Nuclear Industries Sign Memorandum of Understanding to Advance Domestic HALEU Fuel Supply.

"We are pleased to establish this MoU with QNI as we continue advancing our multi-pronged business plan, including development of our microreactor technologies and future deployment strategies," said James Walker, CEO of NANO Nuclear Energy. "Access to reliable, domestically produced HALEU will be a key element in supporting the growth of advanced nuclear energy. We look forward to collaborating with QNI as we evaluate additional fuel supply options that can enhance flexibility and strengthen the resilience of our long-term commercialization strategy."

"Reliable nuclear fuel supply is one of the critical enablers of advanced reactor deployment," said Dee Mewbourne, CEO of QNI. "Our MoU with NANO Nuclear reflects the importance of connecting fuel production with reactor development early in the development and commercialization process. Together, we are helping build the supply chain foundation needed to support the next generation of nuclear energy."

QNI is developing an integrated HALEU production capability in coordination with the U.S. Department of Energy and other key stakeholders. Its planned Vanguard facility at INL is designed to produce up to eighteen metric tons of HALEU annually at full capacity, supporting both commercial and government markets for advanced nuclear reactors.

The companies intend to collaborate on areas including fuel supply planning, technical interface requirements, commercial structuring, regulatory coordination, logistics considerations, and demand forecasting associated with future HALEU supply arrangements. This collaboration provides a foundation for potential commercial agreements as both companies advance their respective development programs.

About QNI

Quadrant Nuclear Industries, Inc. (QNI) is a U.S.-based nuclear energy company focused on building an integrated, domestic nuclear fuel cycle to support the next generation of advanced reactors. The company is developing capabilities across fuel production, recovery, and reprocessing, with a focus on enabling a reliable, secure, and sustainable supply of nuclear fuel in the United States. QNI is advancing key initiatives in coordination with the U.S. Department of Energy and national laboratories, including activities at Idaho National Laboratory aimed at the responsible recycling of used nuclear fuel. Through its technology-driven and execution-focused approach, QNI seeks to strengthen U.S. energy security and accelerate the deployment of advanced nuclear energy systems.

About NANO Nuclear Energy, Inc.

NANO Nuclear Energy Inc. (NASDAQ: NNE) is a North American advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel supply chain, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services.

Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include the proprietary KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign, “ZEUS”, a portable solid core battery reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, bolstered by the May 2026 acquisition of Secured Transportation Services (STS), is led by former executives from the largest transportation company in the world and provides nuclear engineering and materials transport services in the U.S. and globally. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy.

HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon's surface.

For more corporate information please visit: https://NanoNuclearEnergy.com/

For further NANO Nuclear information, please contact:
Email: [email protected]
Business Tel: (212) 634-9206

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Cautionary Note Regarding Forward Looking Statements

This news release and statements of NANO Nuclear’s management and collaborators in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “explore,” “plans”, “aim,” “goal,” “believes”, “potential”, “will”, “should”, “could”, “would” or “may” or derivations of these words and other words of similar meaning about the future, although forward-looking statements may be denoted by other terms. In this press release, forward-looking statements include those relating to the exploratory collaboration between NANO Nuclear and QNI, which may not lead to the execution of definitive fuel supply arrangements or other positive business developments for NANO Nuclear. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”), U.S. Nuclear Regulatory Commission (“NRC”), Canadian Nuclear Safety Commission (“CNSC”) or related state or other U.S. or non-U.S nuclear licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complementary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE, and the NRC, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, and (vi) similar risks and uncertainties associated with the operating a developing business a highly regulated, competitive and rapidly evolving industry, including that our plans may change and we may use our cash on hand faster or in different ways than anticipated as our business requires. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

NANO Nuclear Energy Inc.

NANO Nuclear Energy Inc.
NANO Nuclear Energy and Quadrant Nuclear Industries Sign Memorandum of Understanding to Advance Dome...

Agreement Brings Year-to-Date Dispositions Closed or Under Contract to $1.5 Billion

Positions Rexford to Deliver on Full-Year Disposition Guidance of $1.5 to $2.0 Billion

, /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties throughout infill Southern California, today announced that it has entered into a definitive agreement to sell an industrial portfolio to an affiliate of EQT Real Estate for approximately $1.2 billion. The transaction is expected to close by the end of the third quarter of 2026, subject to customary closing conditions. The 2027 cash NOI yield is estimated to be 5.5% and reflects the anticipated roll-down of above-market in-place rents and expected moveouts.

The portfolio transaction is part of Rexford Industrial's previously announced portfolio realignment, a $2.0 billion disposition initiative of non-core assets that enhances the Company's portfolio quality, cash flow durability and balance sheet strength. The planned non-core dispositions generally consist of properties that do not align with the Company's go-forward strategy, including assets with limited long-term value creation potential, elevated competitive supply, shorter remaining lease durations and above-market in-place rents.

"This transaction is a significant step in our portfolio realignment and underscores our disciplined approach to capital allocation," said Laura Clark, Chief Executive Officer. "By strategically recycling capital from select non-core assets, we are concentrating our portfolio around the properties we believe offer the strongest long-term cash flow growth and value creation opportunity. The result is a stronger, more focused Rexford with enhanced financial flexibility, better positioned to deliver long-term shareholder value."

Rexford Industrial intends to use net proceeds from the portfolio transaction to support its capital allocation priorities, including the repayment of debt maturing in 2027, opportunistic repurchases of common stock under the Company's previously announced $1.0 billion share repurchase program and continued investment in the Company's internal repositioning and development projects that offer superior risk-adjusted returns.

Including the agreed upon portfolio transaction, Rexford Industrial has closed or is under contract on approximately $1.5 billion of dispositions year to date, positioning the Company within its full-year disposition guidance range of $1.5 to $2.0 billion. The Company remains in active negotiations on additional disposition opportunities and will provide further updates as transactions close. In conjunction with this portfolio transaction announcement, the Company reaffirms its 2026 guidance provided in the second quarter 2026 earnings release dated July 23, 2026.

Additional information regarding the portfolio transaction is available in the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission. Further details regarding the portfolio transaction will be provided upon closing.

About Rexford Industrial
Rexford Industrial creates value by investing in, operating and repositioning industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation over the long term. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. As of June 30, 2026, Rexford Industrial's high-quality, irreplaceable portfolio comprised 409 properties with approximately 49.9 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member. For more information, please visit rexfordindustrial.com.

Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. In addition, projections, assumptions and estimates of our future performance and the future performance of the industry in which we operate are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described above. These and other factors, including the ability to close the portfolio transaction on the expected timing or at all, could cause results to differ materially from those expressed in our estimates and beliefs and in the estimates prepared by independent parties. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and other filings with the U.S. Securities and Exchange Commission. Except as may otherwise be required by law, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.

Contact
Doug Bettisworth
SVP, Investor Relations and Capital Markets
(310) 943-7157
[email protected]

SOURCE Rexford Industrial Realty, Inc.

EverSource Wealth Advisors LLC lessened its stake in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 35.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,422 shares of the company’s stock after selling 14,225 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in CocaCola were worth $2,147,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KO. Everpar Advisors LLC boosted its stake in CocaCola by 0.9% during the second quarter. Everpar Advisors LLC now owns 14,504 shares of the company’s stock valued at $1,179,000 after buying an additional 125 shares in the last quarter. Geneos Wealth Management Inc. raised its position in CocaCola by 0.3% in the first quarter. Geneos Wealth Management Inc. now owns 40,879 shares of the company’s stock worth $3,109,000 after acquiring an additional 129 shares in the last quarter. HORAN Wealth LLC raised its position in CocaCola by 3.9% in the first quarter. HORAN Wealth LLC now owns 3,458 shares of the company’s stock worth $263,000 after acquiring an additional 130 shares in the last quarter. Wills Financial Group LLC lifted its holdings in CocaCola by 1.3% in the 1st quarter. Wills Financial Group LLC now owns 10,170 shares of the company’s stock valued at $816,000 after acquiring an additional 133 shares during the last quarter. Finally, Lee Financial Co lifted its holdings in CocaCola by 0.5% in the 2nd quarter. Lee Financial Co now owns 25,177 shares of the company’s stock valued at $2,051,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Trading Down 0.8%
CocaCola stock opened at $86.99 on Tuesday. The company’s fifty day simple moving average is $83.66 and its 200-day simple moving average is $79.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $90.92. The stock has a market cap of $374.28 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.06 and a beta of 0.33.

CocaCola (NYSE:KO – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The business had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. CocaCola’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, sell-side analysts forecast that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. CocaCola’s dividend payout ratio (DPR) is 63.66%.

Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of CocaCola from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. HSBC lowered shares of CocaCola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Piper Sandler lifted their price target on shares of CocaCola from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Truist Financial set a $88.00 price target on shares of CocaCola in a research report on Friday, June 26th. Finally, Evercore reaffirmed an “outperform” rating and issued a $100.00 price target on shares of CocaCola in a report on Tuesday, July 28th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, CocaCola has an average rating of “Moderate Buy” and an average target price of $95.76.

Check Out Our Latest Report on KO

Insider Activity at CocaCola
In other news, insider Bruno Pietracci sold 75,727 shares of CocaCola stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.65, for a total transaction of $6,788,925.55. Following the completion of the sale, the insider directly owned 35,393 shares in the company, valued at $3,172,982.45. The trade was a 68.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 23,984 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $83.41, for a total value of $2,000,505.44. Following the completion of the sale, the executive vice president directly owned 157,400 shares of the company’s stock, valued at approximately $13,128,734. The trade was a 13.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,433,535 shares of company stock worth $121,922,698. 0.90% of the stock is currently owned by corporate insiders.

CocaCola Profile
(Free Report)

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

Further Reading

Five stocks we like better than CocaCola
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3 Active ETFs Making Big Moves in August
This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
Birkenstock Beats the Skeptics—But Not on EPS

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Most earnings-season numbers are designed to be seen: revenue growth gets announced, earnings per share gets a headline, capital expenditure plans get a slide. The line that reveals who holds power in a commercial relationship rarely receives that treatment because it sits on the cash flow statement in a category most readers skim past: the change in accounts receivable.

When receivables grow faster than the underlying business, a company is quietly financing its customers. Andrew Sather, on The Investing for Beginners Podcast, made the case that “sometimes that can signal kind of power dynamics between two companies,” and he pointed to Microsoft (NASDAQ:MSFT | MSFT Price Prediction) as the example worth studying. The reason his framing matters now is that the artificial intelligence buildout is being financed as much through working capital as through capital expenditure, and the shape of those balances is visible before it shows up in a headline growth rate.

What the Receivables Line Actually Reveals
Microsoft’s current net receivables stood at $80.876 billion at the close of fiscal 2026, up from $69.905 billion a year earlier and $56.924 billion the year before that.

The direction is steady and upward. Sather’s argument is that a supplier extending ever larger amounts of unpaid credit to a dominant customer sits in a different negotiating position than one that collects on time. He attributes part of Microsoft’s pattern to its compute relationship with OpenAI, though that connection is his interpretation rather than a disclosed fact. The broader point holds: concentration multiplies collection risk and the leverage the customer has when contracts come up for renewal.

Sather frames this as “Everything depends on context. Everything has kind of levels to it,” rather than a way to label a company good or bad. A rising receivables balance at a company sitting on Microsoft’s cash reserves signals something different than the same pattern at a smaller supplier without them. He offers the counterexample of heavy equipment sold into multi-year data center construction, where large outstanding balances describe the normal shape of the business.

The Other Side of the Ledger
The mirror image of receivables is contracted revenue not yet recognized, and this is where Microsoft’s position looks like a company that has bound its customers in. Commercial remaining performance obligations grew 84% to $678 billion, with a weighted-average duration of 2.3 years and roughly 30% expected to convert to revenue in the next 12 months.

CFO Amy Hood noted that “all sequential commercial RPO growth was driven by commitments from customers outside of frontier model companies,” and that RPO increased 25% when excluding OpenAI. That disclosure answers the concentration question most directly and deserves to be read alongside the receivables line.

Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) has run a similar playbook at smaller scale, with a cloud backlog that recently crossed $460 billion, and NVIDIA (NASDAQ:NVDA) sits on the hardware side of the same trade with $38.466 billion in receivables, a figure reflecting the payment terms typical of channel distribution rather than a subscription business. Reading Microsoft’s receivables line in isolation misses that Azure grew 43% in the quarter and crossed $100 billion in annual revenue for the first time.

What an Ordinary Investor Should Do With This
Track the change over several years rather than a single snapshot. Ask whether one customer represents a large enough share of revenue that a collection delay would matter, and look at related disclosures, particularly any allowance for doubtful accounts and any deferred or unearned revenue, which describes the opposite situation of cash collected before the work is done.

Microsoft’s operating cash flow reached $182.9 billion in fiscal 2026, on net income of $133.7 billion, against capital expenditures of $115.9 billion. A rising receivables balance at a business generating that much cash is a different conversation than the same pattern at a company financing growth with debt.

The weight an ordinary investor should give this line is real but bounded. It is a useful early indicator of who is bending toward whom in a contract negotiation and deserves attention during an infrastructure buildout of this scale, when the most consequential relationships in AI are being written into multi-year commitments before they are visible in reported revenue.

It complements, rather than replaces, reading what the company says about concentration, duration, and collections, and it stops well short of a conclusion about credit risk at a firm carrying $758 billion in total assets. Sather’s contribution is to remind readers that revenue growth is the number that is easiest to report and hardest to trust, and that the working capital lines are where the story often shows up first.

Contact [email protected] for any questions or corrections.

Key Takeaways J&J's Immunology sales fell 8.1% in H1 as Stelara faced biosimilar competition after losing U.S. exclusivity.Tremfya sales surged 67.8%, while Icotyde and Imaavy posted strong launches to support immunology growth.Neuroscience sales jumped 20.5%, driven by Caplyta and Spravato, which grew 42.0% in the first half.
Johnson & Johnson (JNJ - Free Report) is a leading player in oncology, with the segment accounting for around 29% of total company revenues and approximately 45% of Innovative Medicine sales. Beyond oncology, J&J has a strong presence in immunology and is steadily expanding its footprint in neuroscience. Both areas are emerging as important drivers of top-line growth and are helping diversify the company’s growth beyond oncology.

In the first half of 2026, Immunology contributed around 23% of Innovative Medicine sales, while Neuroscience accounted for approximately 14%. Let’s take a closer look at each segment.

Can Tremfya, Icotyde and Imaavy Fill the Stelara Gap for J&J?J&J’s Immunology franchise is currently in a transition phase, with the rapid growth of Tremfya increasingly offsetting the steep decline in the once-blockbuster drug, Stelara, following loss of exclusivity (LOE). Several biosimilar versions of Stelara were launched in the United States in 2025 as the drug lost patent exclusivity.

In the first half of 2026, J&J’s Immunology segment generated $7.22 billion in sales, down about 8.1% year over year (on an operational basis), primarily due to Stelara LOE.

Tremfya recorded $3.65 billion in sales in the first half of 2026, up 67.8% year over year, driven by share gains across all indications, particularly the inflammatory bowel disease indications, as well as continued market growth.  J&J expects Tremfya to exceed $10 billion in peak-year sales. Importantly, Tremfya is demonstrating that J&J has a credible successor to Stelara.

Meanwhile, J&J also has some new products in immunology — Protagonist Therapeutics (PTGX - Free Report) -partnered Icotyde, an oral pill for plaque psoriasis, and Imaavy for generalized myasthenia gravis, which can drive growth in the long term in immunology. On the second-quarter conference call, J&J said that it is seeing strong launches for both Icotyde and Imaavy. Icotyde and Imaavy are also being evaluated for additional indications. Imaavy recently received FDA priority review status in warm autoimmune hemolytic anemia.

J&J believes that nipocalimab has pipeline-in-a-product potential and Icotyde/icotrokinra has the potential to revolutionize the treatment of plaque psoriasis with a once-a-day pill. It has the potential to be J&J’s largest product ever with $10 billion sales potential.

JNJ-4804 is another key candidate in its immunology pipeline, which is in late-stage development for Crohn’s disease, ulcerative colitis and psoriatic arthritis. JNJ-4804 also has blockbuster potential.

While it may take time for Tremfya and newer launches such as Icotyde and Imaavy to fully offset Stelara’s lost revenues, J&J’s expanding immunology portfolio, additional indications and promising pipeline candidates such as JNJ-4804 provide a solid foundation for the franchise to return to growth over the long term.

J&J’s New Neuroscience Drugs Add Fresh Growth PotentialSales in J&J’s Neuroscience segment rose 20.5% in the first half to $4.5 billion, mainly driven by rising contributions from its new products like Caplyta (added from 2025 acquisition of Intra-Cellular Therapies) and Spravato.

Spravato is becoming an increasingly important franchise. Spravato recorded sales of $1.05 billion in the first half, up 42.0% year over year, driven by strong demand trends.

Caplyta generated sales of $631 million in the first half, backed by new patient starts and continuing patient growth following its FDA approval in the adjunctive major depressive disorder indication in November 2025. J&J also received FDA approval in April 2026 for the prevention of relapse in schizophrenia. The company is also developing Caplyta for bipolar mania and pediatric psychiatric indications, creating additional potential growth avenues.

Most of the drugs discussed above, Imaavy, Caplyta and Icotyde, have the potential to deliver peak sales of $5 billion.

ConclusionJ&J’s Immunology and Neuroscience franchises are transitioning from being supporting businesses to becoming meaningful growth engines. Although Stelara’s LOE will weigh on Immunology in the near term, Tremfya, Icotyde and Imaavy provide a strong foundation for recovery. Caplyta and Spravato are accelerating Neuroscience growth. With several newer medicines offering blockbuster potential, J&J appears well positioned to offset legacy-product erosion and build a more diversified growth story.

Competition in the Immunology & Neuroscience SpaceThe companies that have significant immunology drug portfolios and pipelines are AbbVie, Eli Lilly (LLY - Free Report) , Amgen, Sanofi and Pfizer (PFE - Free Report) . In the neuroscience space, the key companies are Biogen, Lilly, AbbVie, Bristol Myers Squibb and Pfizer.

JNJ’s Price Performance, Valuation and EstimatesJ&J’s shares have outperformed the industry so far this year. The stock has risen 26.8% year to date compared with 11.6% appreciationof the industry. 

Image Source: Zacks Investment Research

From a valuation standpoint, J&J is expensive. Going by the price/earnings ratio, the company’s shares currently trade at 21.24 forward earnings, higher than 18.47 for the industry. The stock is also trading above its five-year mean of 15.65.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for 2026 earnings has risen from $11.58 per share to $11.59 per share over the past 60 days, while that for 2027 earnings has gone up from $12.65 per share to $12.80 over the same time frame.

Image Source: Zacks Investment Research

J&J has a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Bernstein aerospace and defense analyst Doug Harned raised his SpaceX price target to $248 and reiterated an Overweight rating, framing orbital data centers as a swing factor that could help drive SpaceX to over $600 billion in annual revenue by 2031.

SpaceX Could Launch One Starship per Day by the End of 2027
Harned’s core argument for SpaceX (NASDAQ:SPCX | SPCX Price Prediction) is that compute-in-space pricing is real. “We are definitely also very positive on the outlook for SpaceX. And I think what is so important here is that if they can get the orbital AI, basically orbital data centers, to work, we think this is still a very exciting opportunity,” he told CNBC.

He noted deals at $30-$55 per watt, adding that “this is not the pricing they’ve seen in these deals, which are between 30 and 50 to $55 a watt. That pricing is not really a surge price. They’re out in the market, and they’re seeing pretty attractive pricing opportunities.”

Launch volume hinges on Starship reusability. Harned said SpaceX has “even pulled up the time frame in which they think they can get large numbers of Starship launches out there. In fact, if you look at their plan now, it is to be able to have essentially pretty close to one Starship launch a day when you get to the end of 2027“ across five launch pads.

Bernstein Conservatively Models $600B in Revenue by 2031
Bernstein’s models are more conservative than Elon Musk’s guidance, but they still show the business will grow at an impressive trajectory: “We’ve taken a much more conservative view in our whole ramp rate forward out to 2031. But even with that conservative view, where we get out to around $600 billion in revenues in 2031, which is significantly below what they’re talking about, we think this is still a really powerful opportunity here.” The math requires roughly 3,500 Starship launches in 2031, with Launch 14 in the coming weeks serving as the next reusability proof point.

Harned reads recent SpaceX weakness as a buying opportunity, citing capex concerns and lockup fears. He remains skeptical on direct-to-device wireless and views Starlink’s consumer and enterprise broadband as an already-profitable foundation underneath the AI story.

How This Reads for Rocket Lab
Rocket Lab (NASDAQ:RKLB) is pursuing a comparable vertically integrated space stack, and management is already selling into the same demand curve. In its Q4 2025 update, the company introduced advanced silicon solar arrays targeted at gigawatt-scale space-based data centers.

On the Q2 FY2026 call, CEO Peter Beck said orbital data centers are “a real opportunity” and that with the largest space-grade solar manufacturer in the world, “if they turn out to be a real thing, I think we’ll be pretty deeply entrenched and well positioned to capitalize on it.”

Rocket Lab posted record Q2 FY2026 revenue of $234.07 million, up 62% year over year, a GAAP loss of $0.08 per share, and a record $2.36 billion backlog, up 137% year over year. Guidance calls for Q3 revenue of $250 million to $265 million, and Beck flagged more than $1 billion in new contracts already signed in Q3, including a $397 million Space Force Flatellite award and a $266 million Haste missile-defense deal.

Shares closed at $82.63 on August 17, 2026, up 87.46% over the past year and 15.04% year to date, against analysts’ consensus price target of $112.94.

Key Takeaways
Harned’s new $248 SpaceX price target values the company’s potential to move AI computing into orbit. SpaceX must now prove Starship will be able to launch frequently enough to support the economics.

Contact [email protected] for any questions or corrections.

AI infrastructure stocks have become a strange corner of the market where a data center approval can matter almost as much as an earnings report. That makes sense when electricity and physical capacity are the scarce resources limiting how quickly companies can turn AI demand into revenue. 

Nebius Group (NASDAQ:NBIS | NBIS Price Prediction) has been one of the clearest examples. The company expects to finish 2026 with 800 megawatts (MW) to 1 gigawatt (GW) of connected power, up from roughly 170 MW of active power at the end of 2025. That makes every major data center approval important — and helps explain one of the more unusual Wall Street price target changes this year.

A Price Target Cut That Lasted Only One Week
DA Davidson analyst Gil Luria cut his Nebius price target from $250 to $175 last week while maintaining a Neutral rating. That represented a 30% reduction in his valuation. One week later, Luria reversed course and restored the $250 target.

The reason wasn’t a new earnings report or a dramatic change in Nebius’ financial guidance. It was Vineland, New Jersey.

DA Davidson said the approval of the Vineland data center removed a “significant risk” for Nebius. He had initially expected there to be a delay with the project’s approval by local authorities, but with that uncertainty now gone, Luria said the company could return to construction rather than become a “poster child” for data center delays.

That’s a remarkable swing, but the underlying logic is easier to understand once investors look at what Vineland represents.

One approval, a 30% swing, and a $3 billion revenue goal on the line—welcome to the high-stakes world of AI infrastructure execution.

Vineland Is Huge Relative To Nebius
The Vineland project is planned for around 300 MW of capacity. Against Nebius’ 800 MW to 1 GW year-end connected-power target, that single site represents 30% to 37.5% of the entire amount the company expects to have connected by the end of 2026.

Put differently, Vineland isn’t just some random location on Nebius’ data center map, but rather the heart of it, representing potentially more than one-third of this year’s capacity target.

And capacity is the engine behind Nebius’ financial ambitions. The company expects 2026 revenue of $3 billion to $3.4 billion and year-end annualized recurring revenue of $7 billion to $9 billion.

Nebius also isn’t building capacity merely to admire the concrete. It has already signed major commitments with customers including Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META), creating a path to monetize the infrastructure as it comes online.

That makes delays particularly painful. Every delayed megawatt is potentially delayed revenue.

The Bigger Investment Thesis Is Capacity
To put Luria’s about-face into perspective, Nebius had already raised its contracted-power target above 3 GW for 2026, while maintaining the 800 MW-to-1 GW connected-power target. The distinction matters: contracted power is capacity secured for future use, while connected power is attached to completed infrastructure that can actually support GPU deployment.

That gap is where execution risk lives. CoreWeave (NASDAQ:CRWV), the closest publicly traded comparison, has pursued a similar strategy of locking up massive amounts of power and data-center capacity to serve hyperscaler customers. DA Davidson’s latest note explicitly said the restored $250 target reflects a premium to comparable CoreWeave.

Granted, the $250 target doesn’t mean Luria suddenly believes every risk has disappeared. He kept the Neutral rating because Nebius shares had already moved ahead of the Vineland hearing.

Key Takeaway
In short, DA Davidson’s whipsaw isn’t as irrational as it first appears. The firm wasn’t changing its view of Nebius’ entire business every seven days. It was repricing one critical execution risk — and then removing it when Vineland received approval.

For investors, that’s the more important lesson. A 300 MW project represents fully one-third of Nebius’ 2026 connected-power goal. Getting Vineland approved therefore removes a bottleneck that could have impaired the company’s ability to deliver its $3 billion to $3.4 billion revenue target.

Ultimately, the $250 target is less interesting than what it tells investors: Nebius’ biggest risk isn’t a lack of AI demand. It’s converting enormous demand into powered, operational data centers fast enough to capture it. Vineland is a meaningful step in that direction.

Contact [email protected] for any questions or corrections.

Available across U.S. markets for a small flat fee with no subscription or membership required, making rapid delivery accessible to Pro and DIY customers.
Express Delivery leverages 2,000+ Home Depot U.S. stores as neighborhood fulfillment hubs, delivering trade-grade products and everyday DIY essentials in three hours or less.
Delivers thousands of SKUs across plumbing, electrical, hardware, paint, tools, and everyday project supplies straight from local stores to the doorstep or job site.

, /PRNewswire/ -- The Home Depot® today announced the nationwide rollout of Express Delivery, bringing rapid fulfillment to millions of Pro and DIY customers for a small flat fee in U.S. markets, with no subscription or membership required.

Leveraging its supply chain network and more than 2,000 U.S. stores functioning as fulfillment hubs, The Home Depot's Express Delivery reinforces the company's position as the fastest delivery provider in home improvement. Now, customers can get need-it-now items in three hours or less, including materials and supplies for Pro construction projects. Shoppers can view Express Delivery eligibility on product pages and in the cart at checkout.

"Customers expect products to be available when and where they need them, and Express Delivery helps us meet that expectation with a fast, reliable solution," said Jordan Broggi, EVP of Interconnected Retail. "Whether you're a DIYer who needs one more bag of fertilizer to finish the yard or a Pro running short on adhesives and caulk for a time-sensitive job, Express Delivery makes it easier than ever for our customers to get the supplies they need, right when they need them most." 

The Home Depot continues to invest in offerings that bring convenience, value and choice to both DIY and Pro customers, including:

Express Delivery for a small flat fee per order with no membership required, delivering Pro and DIY essentials in three hours or less. The Home Depot expects to offer even faster delivery speeds in the months ahead.
Free same-day delivery on orders of $25 or more placed by 4 p.m., giving customers another way to get the products they need for time-sensitive projects.
An extensive delivery center network delivering thousands of items as quickly as same day across categories like lighting, vanities, décor, building materials, and more. Working in conjunction with local stores, this network delivers more than 65% of in-stock parcel products same day or next day, and approximately 55% of in-stock big and bulky orders within two days.
Next day major appliance delivery reaching 60% of the U.S. population on key SKUs, helping customers replace critical appliances like refrigerators, washers and dryers quickly and enabling Pros to source appliances for time-sensitive repairs faster.

For more information on The Home Depot's delivery offerings, visit https://corporate.homedepot.com.

About The Home Depot 
The Home Depot is the world's largest home improvement specialty retailer. At the end of the second quarter, the company operated a total of 2,364 retail stores and over 1,340 SRS locations across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs over 470,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.

Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this release constitute "forward-looking statements" as defined in the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on currently available information and current assumptions, expectations and projections about future events. Forward-looking statements may relate to, among other things, implementation of interconnected, store, supply chain, technology, innovation and other strategic initiatives. Forward-looking statements are subject to substantial risks and uncertainties including, but not limited to, those described in our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and the company does not undertake to update them other than as required by law. You are advised, however, to review any further public disclosures that the company makes on related subjects, including its subsequent filings with the Securities and Exchange Commission.

SOURCE The Home Depot

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For a company with a $541.83 billion market cap, Intel (NASDAQ:INTC | INTC Price Prediction) runs an almost comically small disclosed equity book. Its Q2 2026 13F filing lists exactly two positions worth a combined $620 million as of June 30, 2026. Both are bets on autonomous, AI-driven mobility. Both are down sharply in 2026. And both sit at the intersection of CEO Lip-Bu Tan’s edge-AI thesis.

The concentration is striking. 50 million shares of Mobileye account for $484 million, or 77.99% of the portfolio, with 15.3 million shares of Joby Aviation making up the remaining $136.6 million, or 22.01%. The entire book concentrates on two companies tied to physical AI.

The Mobileye Legacy Stake
Mobileye (NASDAQ:MBLY) is the residue of Intel’s 2017 acquisition and 2022 spinout. The autonomous driving unit posted Q2 2026 revenue of $508 million (+0.4% YoY) and adjusted EPS of $0.19 versus a $0.04 loss estimate.

CEO Amnon Shashua told investors, “Our foundation is robust and highly profitable, boosted by the recently enacted R&D Law which we expect to sustainably raise the margin baseline of the business.”

The stake is far from unblemished. Intel recorded a $4.07 billion Q1 2026 restructuring charge largely tied to Mobileye goodwill impairment. Mobileye shares are down 11.59% year to date and 34.12% over the past year, closing at $9.23 on August 17, 2026. Analysts still carry a $12.10 average target, with five Strong Buys, eight Buys, and 14 Holds.

The Joby Wild Card
Joby Aviation (NYSE:JOBY) is the more unusual position for a semiconductor company. The eVTOL developer generated quarterly revenue growth of 2,574.93% YoY off a low base and burned enough cash to produce negative EBITDA of $838.78 million. Shares trade at 67.36 times sales and are off 40.08% year to date, closing at $7.91.

CEO JoeBen Bevirt framed the quarter this way: “With meaningful progress on certification, partnerships, infrastructure and commercial readiness, we are unlocking the third dimension of mobility and turning electric vertical flight from an extraordinary technology into an everyday reality.”

FAA type certification is progressing, with Stage 3 at 83% and Stage 4 at 20%, and first passenger flights are targeted for 2026.

What It Signals
Tan is treating these as active strategic bets. On the Q2 2026 call, he renamed the Client Computing group to recognize “the growing opportunity for AI at the edge,” which he said is “likely to at least match the client TAM over time.” Mobileye and Joby are effectively public-market expressions of that edge-AI thesis.

Intel itself is up 180.46% year to date, riding Q2 revenue of $16.13 billion (+25.4% YoY) and Data Center & AI growth of 59%. Against a $30 billion cash position, the $620 million book is a rounding error.

But it is the clearest public signal of where Tan thinks silicon meets the physical world next. Retail holders should watch two things: any further Mobileye impairment testing tied to the depressed share price, and whether Joby’s late-2026 certification milestones justify keeping the stake intact.

Contact [email protected] for any questions or corrections.

BlackRock Inc. bought a new position in shares of Phillips 66 (NYSE:PSX – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 34,112,861 shares of the oil and gas company’s stock, valued at approximately $5,766,779,000. BlackRock Inc. owned 8.51% of Phillips 66 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Phillips 66 by 238.5% during the 4th quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company’s stock worth $1,166,000 after purchasing an additional 7,214 shares during the period. Woodline Partners LP grew its holdings in Phillips 66 by 40.7% during the 1st quarter. Woodline Partners LP now owns 34,891 shares of the oil and gas company’s stock worth $4,308,000 after acquiring an additional 10,089 shares in the last quarter. Sei Investments Co. grew its holdings in Phillips 66 by 28.3% during the 2nd quarter. Sei Investments Co. now owns 157,455 shares of the oil and gas company’s stock worth $18,788,000 after acquiring an additional 34,698 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Phillips 66 by 9.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 346,679 shares of the oil and gas company’s stock valued at $41,359,000 after purchasing an additional 28,988 shares during the period. Finally, Glenview Trust co increased its position in Phillips 66 by 2.6% during the 2nd quarter. Glenview Trust co now owns 8,949 shares of the oil and gas company’s stock valued at $1,068,000 after purchasing an additional 229 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Up 2.9%
Shares of NYSE:PSX opened at $240.50 on Tuesday. The business’s 50-day moving average is $193.87 and its 200 day moving average is $176.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 1.00. Phillips 66 has a 1 year low of $121.24 and a 1 year high of $240.67. The firm has a market capitalization of $95.96 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.17 and a beta of 0.68.

Phillips 66 (NYSE:PSX – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $9.41 earnings per share for the quarter, topping the consensus estimate of $7.50 by $1.91. Phillips 66 had a return on equity of 19.93% and a net margin of 4.54%.The business had revenue of $52.04 billion during the quarter, compared to the consensus estimate of $43.60 billion. During the same quarter last year, the company earned $2.38 earnings per share. On average, research analysts predict that Phillips 66 will post 24.44 earnings per share for the current fiscal year.

Phillips 66 announced that its Board of Directors has authorized a share repurchase plan on Friday, July 31st that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to purchase up to 11.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Phillips 66 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, August 18th. Phillips 66’s dividend payout ratio (DPR) is presently 28.95%.

Insider Activity at Phillips 66
In related news, EVP Vanessa Allen Sutherland sold 3,523 shares of Phillips 66 stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $211.05, for a total value of $743,529.15. Following the completion of the sale, the executive vice president directly owned 27,537 shares in the company, valued at $5,811,683.85. This trade represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin J. Mitchell sold 11,021 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $190.03, for a total transaction of $2,094,320.63. Following the sale, the chief financial officer directly owned 97,376 shares in the company, valued at approximately $18,504,361.28. This represents a 10.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 100,507 shares of company stock valued at $21,770,810 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes
Several equities research analysts have recently weighed in on PSX shares. BMO Capital Markets upped their price target on shares of Phillips 66 from $195.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group lifted their price objective on shares of Phillips 66 from $207.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Phillips 66 from $188.00 to $202.00 in a research note on Thursday, April 30th. Raymond James Financial upped their target price on Phillips 66 from $218.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Finally, Argus increased their target price on Phillips 66 from $185.00 to $197.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $206.56.

Get Our Latest Stock Analysis on Phillips 66

Phillips 66 Profile
(Free Report)

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.

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BTC Capital Management Inc. purchased a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 14,756 shares of the semiconductor manufacturer’s stock, valued at approximately $17,033,000. Micron Technology makes up about 1.0% of BTC Capital Management Inc.’s investment portfolio, making the stock its 19th largest holding.

Several other hedge funds also recently added to or reduced their stakes in MU. High Note Wealth LLC grew its stake in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 34 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Micron Technology during the 1st quarter valued at about $27,000. Bayban acquired a new position in Micron Technology during the 4th quarter worth approximately $29,000. GHP Investment Advisors Inc. lifted its position in Micron Technology by 91.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 52 shares in the last quarter. Finally, Joseph Group Capital Management purchased a new position in Micron Technology in the 4th quarter worth approximately $31,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades A number of analysts have recently issued reports on the stock. TD Cowen reiterated a “buy” rating on shares of Micron Technology in a research note on Friday, July 10th. Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. Bank of America raised their price target on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Wedbush lifted their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Finally, Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $1,259.97.

Read Our Latest Research Report on MU Insider Transactions at Micron Technology In other news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the transaction, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 162,179 shares of company stock valued at $167,811,861 over the last ninety days. 0.24% of the stock is currently owned by company insiders.

Micron Technology News Summary Here are the key news stories impacting Micron Technology this week:

Positive Sentiment: AI-driven memory shortage: Demand for high-bandwidth memory (HBM) used in AI data centers continues to absorb manufacturing capacity. HBM requires substantially more wafer capacity than conventional DRAM, supporting tight supply, higher pricing and stronger margins for Micron. Industry growth targets and fully allocated HBM production suggest the shortage could persist. Why This Memory Chip Boom May Have More Staying Power Than History Suggests Positive Sentiment: U.S. policy reduces Chinese competition: Reports that the White House is discouraging U.S. technology companies from sourcing conventional memory chips from Chinese suppliers, including Apple’s potential suppliers, improved sentiment toward Micron and other Western memory producers. The policy could strengthen Micron’s negotiating position and support longer-term domestic demand. Micron Shares Rise as White House Pushes Apple Away From Chinese Memory Chips Positive Sentiment: Upbeat analyst outlook: Bank of America maintained a Buy rating and a $1,550 price target, arguing that concerns about a cyclical peak are overstated. The firm projects Micron’s earnings could exceed $230 per share by fiscal 2030, while recent quarterly results showed $41.46 billion in revenue and $25.11 in EPS, both well ahead of estimates. BofA Sees Micron EPS Topping $230 by FY30 Positive Sentiment: Broader AI enthusiasm: Comments from Elon Musk emphasizing the importance of memory and storage for agentic AI helped lift Micron alongside SanDisk and other memory stocks. Comparisons with AMD and NVIDIA also highlighted Micron’s rapid earnings growth and relatively lower valuation. Elon Musk Just Uttered Massively Bullish Words for Micron Neutral Sentiment: Institutional profit-taking: Appaloosa Management reduced its Micron position by 41%, while Stanley Druckenmiller’s Duquesne Family Office exited the stock. The selling may reflect profit-taking after the enormous rally, although Micron remains a major holding for some investors. Hedge Fund Heavyweights Are Dumping Micron Negative Sentiment: Risks remain elevated: Micron’s sharp advance leaves the stock vulnerable to valuation compression, profit-taking, a broader technology pullback and any eventual increase in memory supply. Intel is also exploring new memory architectures, potentially creating a longer-term competitive threat. Intel Eyes a Memory Comeback Micron Technology Stock Up 4.1% Shares of NASDAQ:MU opened at $1,011.75 on Tuesday. The firm has a market cap of $1.14 trillion, a PE ratio of 22.91 and a beta of 2.19. The company has a fifty day simple moving average of $966.74 and a 200 day simple moving average of $683.34. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 12-month low of $113.46 and a 12-month high of $1,255.00.

Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period last year, the business earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities research analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is 1.36%.

Micron Technology Profile (Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

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Micron Technology (NASDAQ: MU | MU Price Prediction) just delivered a fiscal Q3 that redefined what an AI memory cycle looks like, while SK Hynix (NASDAQ:SKHY) posted its own record quarter in Korean won and made its NASDAQ debut in July 2026 through a $26.5 billion foreign offering. With both HBM leaders now trading on the same exchange, US investors can finally weigh them side by side.

HBM4 Ramps Meet a Korean Giant Reintroducing Itself Micron’s June quarter was a step-change. Revenue hit $41.456 billion, up 345.7% year over year, with GAAP gross margin expanding to 84.6%. Cloud Memory alone contributed $13.769 billion, and Sanjay Mehrotra told analysts that “HBM4 12 high volume ramp is tracking twice as fast as HBM3E 12 high and we have already shipped over $1 billion in HBM4 revenue.” That is Micron chipping directly at SK Hynix’s flagship business.

SK Hynix answered with its own record: Q2 2026 revenue of 79.3 trillion won and operating profit of 60.5 trillion won, driven by HBM sales. A modest earnings miss triggered an initial 10% selloff in the ADR, yet analysts kept unanimous Buy ratings with 12-month targets averaging $245. Micron carries a heftier crowd: 40 Buys, 5 Holds, and a $1,501.98 average target.

One Locks In Customers. The Other Locks In Capacity. Lens Micron SK Hynix HBM Positioning HBM4 12-high shipping to lead AI accelerator customer Incumbent HBM3E supplier, HBM4 in qualification Capacity Bet Idaho, New York, Taiwan greenfield fabs $720 billion capacity-expansion plan Revenue Lock-in 16 SCAs, ~$100 billion cumulative floor-price revenue Traditional purchase orders, buyback catalyst pending Mehrotra’s take-or-pay agreements are the real weapon here. He said “even at the floor price… we expect the margins to be significantly above prior peak margins”, and those contracts will eventually cover roughly half of company revenue. SK Hynix leans on scale and its Nvidia relationship, which is a formidable moat but a less contractually rigid one.

The Next Test Is HBM4E and Supply Discipline Micron expects fiscal Q4 revenue of $50.0 billion with ~86% gross margin, and Mehrotra flagged that tight conditions should persist beyond calendar 2027. The variables to watch are whether SK Hynix keeps HBM4 qualification on pace at Nvidia and whether Micron’s HBM4E on 1-gamma DRAM stays on track for volume production in calendar 2027. Any slippage swaps the leader.

Why Micron Leads, but the Newcomer Warrants Respect Micron’s SCAs make the earnings stream harder to break than the market appreciates. A forward P/E of 6 against that contract book is a rare combination. That said, SK Hynix is now accessible, cheaper on some measures, and still the HBM incumbent. For Micron holders, the NASDAQ listing offers exposure to the same thesis through a second name. The single variable holding this cycle together is AI capex guidance from hyperscalers; a rollover there would reset the setup for both stocks.

Contact [email protected] for any questions or corrections.

Key Takeaways BlackBerry's first-quarter revenue rose 26% to $153M as adjusted EBITDA more than doubled to $36M.QNX revenue climbed 26% to $72M, with higher-margin royalties helping lift adjusted gross margin to 86%.BlackBerry raised fiscal 2027 revenue guidance to $594M-$621M and adjusted EBITDA to $119M-$139M. BlackBerry Limited (BB - Free Report) reported a strong start to fiscal 2027, with higher revenue and profitability across QNX and Secure Communications supporting improved earnings. First-quarter revenue reached approximately $153 million, up 26% year over year and above the high end of guidance. Adjusted gross margin expanded 4 percentage points year over year to 79%, while adjusted EBITDA more than doubled to approximately $36 million, representing 24% of revenue. Adjusted net income was roughly $25 million, and adjusted EPS reached 4 cents, at the high end of the company’s guidance. BlackBerry also reported positive GAAP net income for the fifth consecutive quarter.

QNX contributed significantly to the margin improvement. Revenue increased 26% year over year to approximately $72 million, while adjusted gross margin expanded about 5 percentage points to 86%. Adjusted EBITDA grew 52% to around $19 million, or 27% of revenue. Management noted that higher-margin QNX royalties are becoming a larger part of the revenue mix, allowing more revenue to translate into margin expansion, profitability and cash generation. As the business shifts further toward royalties, which carry close to 100% margin, management expects potential for additional margin expansion.

Secure Communications also recorded a 2-percentage-point year-over-year increase in adjusted gross margin, supported partly by a favorable mix of higher-margin software revenue. Revenue rose 24% to approximately $74 million, while adjusted EBITDA reached around $20 million, representing a 27% margin. Management expects greater margin variability in Secure Communications because large government deals can drive significant quarterly revenue and profitability.

Following the strong quarter, BlackBerry raised its fiscal 2027 outlook. QNX revenue guidance increased to $295 million-$312 million, with adjusted EBITDA projected at $74 million-$86 million. Licensing revenue guidance was raised to approximately $29 million, with adjusted EBITDA of $25 million. Revenue guidance increased to $594 million-$621 million, while adjusted EBITDA guidance rose to $119 million-$139 million. On the last earnings call, management highlighted 90% flow-through of incremental revenue into adjusted EBITDA as evidence of strong operating leverage. For the second quarter, revenue is expected at $137 million-$148 million, adjusted EBITDA at $20 million-$30 million and adjusted EPS at 3-4 cents.

Taking a Look at BB’s CompetitorsCrowdStrike (CRWD - Free Report) benefits from a high-margin subscription-driven business model, with subscription revenues accounting for 95% of fiscal 2026 revenues. The recurring nature of these revenues supports margin stability and provides greater visibility as customers renew and adopt additional Falcon modules. Strong operating cash flow and free cash flow generation also underscore improving financial efficiency. However, margins remain exposed to elevated operating expenses, particularly investments in sales and marketing and R&D. These expenses increased 20% and 29%, respectively, in fiscal 2026. Continued investment and competitive pricing pressure could constrain margin expansion despite the favorable subscription mix and growing scale.

Aptiv PLC (APTV - Free Report) continues to face near-term margin pressure despite solid profitability in Engineered Components. Second-quarter 2026 adjusted EBITDA margin expanded 160 basis points to 18.7%, supported by operating execution, volumes and favorable currency effects. However, Intelligent Systems margin contracted to 14% from 15.2% as higher engineering investments, customer mix and stranded EDS costs weighed on profitability. Ongoing restructuring, separation expenses, commodity inflation and OEM price reductions of 1-3% annually could further limit margin expansion. Although productivity initiatives and non-automotive growth provide support, launch delays, weaker European demand and elevated R&D spending suggest that sustaining recent margin gains may remain challenging.

BB Price Performance, Valuation & EstimatesShares of BlackBerry have soared 40.6% in the past three months compared with the Internet-Software industry’s 14.6% growth.

Image Source: Zacks Investment Research

Regarding the price/book ratio, BB is trading at 6.82, higher than the industry’s multiple of 4.56.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for BB earnings for fiscal 2027 has been revised downward over the past 60 days.

Image Source: Zacks Investment Research

BlackBerry currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here..

Banco BTG Pactual S.A. purchased a new position in ServiceNow, Inc. (NYSE:NOW – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,405 shares of the information technology services provider’s stock, valued at approximately $437,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealth Watch Advisors INC purchased a new position in shares of ServiceNow during the 3rd quarter valued at about $29,000. Kelleher Financial Advisors bought a new position in ServiceNow during the third quarter valued at approximately $50,000. Pin Oak Investment Advisors Inc. raised its stake in shares of ServiceNow by 20.7% during the third quarter. Pin Oak Investment Advisors Inc. now owns 134 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 23 shares in the last quarter. Jupiter Wealth Management LLC purchased a new position in shares of ServiceNow during the second quarter worth approximately $154,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of ServiceNow by 540.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

ServiceNow Trading Down 5.1% Shares of NOW opened at $117.70 on Tuesday. The stock has a market capitalization of $121.70 billion, a P/E ratio of 73.56, a PEG ratio of 2.18 and a beta of 0.94. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $194.73. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. The firm has a fifty day simple moving average of $107.15 and a two-hundred day simple moving average of $105.49.

ServiceNow (NYSE:NOW – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the previous year, the business earned $0.81 EPS. ServiceNow’s revenue was up 24.0% compared to the same quarter last year. On average, research analysts anticipate that ServiceNow, Inc. will post 2.24 EPS for the current year. Key Headlines Impacting ServiceNow Here are the key news stories impacting ServiceNow this week:

Positive Sentiment: Cybersecurity expansion supports long-term growth. ServiceNow’s planned $7.75 billion acquisition of Armis would broaden its AI-powered security platform and strengthen its preventive cyber-defense offerings. The appointment of former Armis executive Simon Mouyal as chief marketing officer also signals an increased focus on security and go-to-market execution. ServiceNow Is Spending $7.75 Billion On AI Security Positive Sentiment: Analyst support remains firm. TD Cowen reaffirmed its Buy rating and assigned a $140 price target, implying meaningful upside from the referenced market level. Analysts cited ServiceNow’s expanding security platform, AI workflow opportunities and recurring-revenue model. ServiceNow Earns Buy Rating Positive Sentiment: Fundamentals and AI momentum continue to attract dip buyers. Recent commentary points to roughly 24% year-over-year revenue growth and a substantial rebound from the stock’s lows. Some investors view support near the 200-day moving average as an opportunity if the company’s growth remains intact. NOW Stock Has Rebounded Over 54% Neutral Sentiment: Institutional positioning is mixed. JPMorgan added a large position, while T. Rowe Price, Wellington Management and several other firms reduced holdings. The split suggests continued disagreement about valuation and the pace of the recovery. Neutral Sentiment: A director sold shares under a pre-arranged Rule 10b5-1 plan. Paul Edward Chamberlain sold 1,500 shares worth approximately $188,400, reducing his holdings by 3.11%. Because the transaction was scheduled in advance, it provides limited evidence of a change in the company’s outlook. SEC Insider Filing Negative Sentiment: Valuation remains a major concern. Even after a reported 30.5% decline over the past year, commentary argues that ServiceNow still does not look inexpensive, leaving the stock vulnerable to further pressure if growth expectations soften. ServiceNow Stock Still Looks Expensive Negative Sentiment: Broad software-sector weakness is weighing on the shares. Investors have been rotating toward semiconductor and AI-hardware stocks, pressuring software names including ServiceNow, Adobe and Intuit. The sizable Armis acquisition also introduces execution, integration and spending risks. Analyst Upgrades and Downgrades NOW has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ServiceNow in a research note on Monday, August 3rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $175.00 target price (up from $160.00) on shares of ServiceNow in a research report on Wednesday, August 12th. Citic Securities lowered their price target on shares of ServiceNow from $168.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Evercore reaffirmed an “outperform” rating and set a $160.00 price objective on shares of ServiceNow in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price objective on shares of ServiceNow in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and an average target price of $143.76.

View Our Latest Stock Report on ServiceNow

Insider Activity In related news, Director Paul Edward Chamberlain sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $125.60, for a total transaction of $188,400.00. Following the completion of the transaction, the director owned 46,690 shares in the company, valued at $5,864,264. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.34% of the company’s stock.

ServiceNow Profile (Free Report)

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.

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Broadcom (NASDAQ: AVGO) is set to pay its next quarterly dividend on September 30, 2026, maintaining its regular payout of $0.65 per share.

The expected distribution continues Broadcom’s long-standing shareholder return program and comes as the semiconductor giant benefits from strong demand for artificial intelligence infrastructure and networking solutions.

Based on the quarterly dividend of $0.65 per share, an investor holding 100 Broadcom shares will receive $65 from the September payment.

AVGO dividend schedule. Source: Dividend.com The upcoming dividend matches the company’s previous payout, keeping Broadcom’s annualized dividend at $2.60 per share.

At press time, Broadcom stock was trading at $392, up nearly 13% year-to-date.

AVGO stock price chart. Source: Finbold At the current share price, the annualized dividend translates to a yield of about 0.66%. While relatively low compared to traditional income-focused stocks, the yield reflects Broadcom’s position as a growth-oriented technology company.

The company maintains a forward payout ratio of 13.28%, leaving ample room to support future dividend payments while continuing to invest in growth.

Notably, Broadcom has increased its dividend for 16 consecutive years and continues to make quarterly distributions. The stock also has an average dividend recovery period of 8.1 days following payouts.

At the same time, Broadcom’s dividend remains supported by strong business momentum. In its latest quarter, the technology company reported record revenue of $22.2 billion, up 48% year-over-year, while AI semiconductor revenue surged 143% to $10.8 billion. 

Management expects AI semiconductor revenue to reach $16 billion in the current quarter as demand for AI infrastructure continues to accelerate.

The company also generated more than $10 billion in free cash flow during the quarter and ended the period with nearly $20 billion in cash and equivalents. Combined with its low payout ratio, these figures suggest the dividend remains well covered.

Investors will receive another key update before the September payout when Broadcom reports fiscal third-quarter earnings on September 3. 

Wall Street expects revenue of about $29.4 billion and earnings per share of roughly $3.21, providing a fresh test of the company’s AI-driven growth trajectory.

Alongside dividends, Broadcom continues to return capital through its $10 billion share repurchase program and has recently expanded its AI footprint through new processor initiatives and infrastructure partnerships.

Featured image via Shutterstock

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18.8.2026 15:54, TRGP, HD, BIDU, META, KLAR, XOM

Index Dow Jones -0,09 % na 53411,87 b. S&P 500 -0,53 % na 7704,15 b. Nasdaq Composite -1,24 % na 26315,63 b.

Nejsledovanější americké indexy v úvodu úterního obchodování ztrácejí. V popředí poklesu jsou akcie spojené s výrobou čipů pro AI.

Společnost Meta Platforms (-3,7 %) dnes míří k soudu do ostře sledovanému střetu s koalicí státních generálních prokurátorů kvůli tvrzením, že firma záměrně navrhla Facebook a Instagram tak, aby u mladých uživatelů podporovaly kompulzivní chování a vznik závislosti.

Společnost Targa Resources (+6,2 %) oznámila, že uzavřela nové dvacetileté infrastrukturní smlouvy na bázi poplatků, které podpoří rozvoj těžebních lokalit společnosti ExxonMobil (+1,6 %) v Permské pánvi. V návaznosti na tyto dohody Targa zvýšila svůj odhad růstových kapitálových výdajů pro rok 2026 na přibližně 5,0 mld. USD.

Největší americký obchodník s domácím vybavením Home Depot (+0,1 %) zveřejnil hospodářské výsledky za druhý kvartál. Celkové tržby meziročně vzrostly o 5,7 % na 47,86 mld. USD a porovnatelné tržby se zvýšily o 1,7 %, čímž překonaly očekávání trhu.

Švédská finančně-technologická společnost Klarna (-19,6 %) zveřejnila výsledky hospodaření za 2Q 2026. Výnosy i zisk na akcii překonaly odhady trhu. Firma nicméně snížila celoroční výhled objemu transakcí i výnosů, a to kvůli kurzovým vlivům a obezřetnějšímu pohledu na německý trh, který je pro Klarnu objemově největší. Společnost zároveň oznámila odchod finančního ředitele.

Čínská technologická společnost Baidu (-8,9 %), která provozuje mimo jiné největší čínský vyhledávač či autonomní vozidla Apollo, dnes oznámila výsledky za 2Q. Výnosy klesly již pátý kvartál v řadě, přičemž byly taženy dolů online marketingovými výnosy, které meziročně poklesly o 19 %. Byznys poháněný umělou inteligencí naopak rostl meziročně o 25 % a na výnosech hlavního byznysu se podílel polovinou.

Index S&P 500 -0,53 % na 7704,15 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Zdravotní péče +1,8 % Informační technologie -1,9 % Energie +1,1 % Průmysl -0,9 % Nezbytná spotřeba +1,1 % Komunikační služby -0,7 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Targa Resources Corp (TRGP) +6,2 % Coherent Corp (COHR) -9,8 % Ulta Beauty (ULTA) +5,1 % Teradyne (TER) -8,0 % GoDaddy (GDDY) +5,0 % Marvell Technology (MRVL) -6,8 % Intuit (INTU) +4,8 % Flex (FLEX) -6,4 % Tapestry (TPR) +4,4 % Ciena Corp (CIEN) -6,3 % Zdroj: Bloomberg

Michal Bárta
Fio banka, a.s.
Prohlášení

B & T Capital Management DBA Alpha Capital Management acquired a new stake in Ecolab Inc. (NYSE:ECL – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,166 shares of the basic materials company’s stock, valued at approximately $3,390,000.

Several other hedge funds also recently made changes to their positions in ECL. Turtle Creek Wealth Advisors LLC raised its holdings in Ecolab by 3.6% during the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $270,000 after purchasing an additional 36 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in Ecolab by 2.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 1,362 shares of the basic materials company’s stock valued at $395,000 after purchasing an additional 36 shares in the last quarter. Addison Advisors LLC increased its position in Ecolab by 5.2% during the 4th quarter. Addison Advisors LLC now owns 764 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 38 shares during the period. CYBER HORNET ETFs LLC increased its position in Ecolab by 5.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 730 shares of the basic materials company’s stock worth $192,000 after purchasing an additional 38 shares during the period. Finally, Rothschild Investment LLC raised its stake in shares of Ecolab by 9.0% during the 4th quarter. Rothschild Investment LLC now owns 486 shares of the basic materials company’s stock worth $128,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 74.91% of the company’s stock.

Wall Street Analysts Forecast Growth A number of analysts recently weighed in on the company. BMO Capital Markets lifted their price target on Ecolab from $345.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Weiss Ratings downgraded Ecolab from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. Mizuho boosted their target price on shares of Ecolab from $325.00 to $327.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Robert W. Baird set a $305.00 price target on shares of Ecolab in a research note on Wednesday, July 29th. Finally, Citigroup increased their price target on shares of Ecolab from $325.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ecolab presently has a consensus rating of “Moderate Buy” and an average target price of $327.56.

Get Our Latest Stock Analysis on ECL Ecolab Trading Down 0.1% Shares of ECL stock opened at $275.87 on Tuesday. The stock has a market cap of $77.33 billion, a P/E ratio of 37.03, a P/E/G ratio of 2.38 and a beta of 0.88. The company has a quick ratio of 1.57, a current ratio of 1.84 and a debt-to-equity ratio of 1.18. Ecolab Inc. has a fifty-two week low of $243.15 and a fifty-two week high of $309.27. The business has a fifty day simple moving average of $275.00 and a 200-day simple moving average of $273.67.

Ecolab (NYSE:ECL – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The basic materials company reported $2.09 EPS for the quarter, topping the consensus estimate of $2.08 by $0.01. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.38 billion. Ecolab had a net margin of 12.57% and a return on equity of 22.72%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 EPS. Ecolab has set its Q3 2026 guidance at 2.130-2.230 EPS. On average, analysts forecast that Ecolab Inc. will post 8.17 earnings per share for the current fiscal year.

Ecolab Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 15th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.92 dividend on an annualized basis and a yield of 1.1%. Ecolab’s dividend payout ratio is presently 39.19%.

Insider Buying and Selling In other news, Director Suzanne M. Vautrinot sold 1,004 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $264.98, for a total value of $266,039.92. Following the sale, the director directly owned 11,651 shares in the company, valued at $3,087,281.98. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Darrell R. Brown sold 10,000 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $260.89, for a total value of $2,608,900.00. Following the sale, the chief operating officer directly owned 32,733 shares in the company, valued at approximately $8,539,712.37. The trade was a 23.40% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.50% of the stock is owned by insiders.

Ecolab Company Profile (Free Report)

Ecolab, Inc is a global provider of water, hygiene and infection prevention solutions and services. The company develops and supplies cleaning and sanitizing chemicals, dispensing equipment, water-treatment systems, pest elimination services and related technologies designed to help businesses maintain clean, safe and efficient operations. Its offerings span both products and onsite services, often paired with technical support and training.

Ecolab serves a broad range of end markets including hospitality and foodservice, food and beverage processing, healthcare, manufacturing and industrial operations, and energy and utilities.

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