Proti společnosti Fluence Energy (FLNC) byla podána hromadná žaloba akcionářů kvůli údajným zavádějícím tvrzením o výrobních kapacitách, objemu zakázek a výhledu tržeb na fiskální rok 2026.
NEW YORK, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Fluence Energy, Inc (NASDAQ: FLNC) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Fluence Energy securities between November 24, 2025 and September 16, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/cases/fluence-energy-inc-flnc-class_action_lawsuit.
Fluence Energy Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that:
(1) Fluence Energy’s ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance depended on new contract manufacturing facilities, including facilities that were not completed, not operational, and/or not capable of producing at the volumes the guidance assumed;(2) the corrective measures Fluence Energy had implemented to address production problems at its contract manufacturers were not remediating those problems, which persisted and extended to Fluence Energy’s new facilities;(3) as a result, a material portion of the backlog that defendants represented as “securing” or “covering” Fluence Energy’s fiscal 2026 revenue guidance were likely to be delivered and recognized in fiscal 2026; and(4) as a result of the foregoing, defendants’ positive statements about Fluence Energy’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. What's Next for Fluence Energy Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/fluence-energy-inc-flnc-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Fluence Energy you have until November 30, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Fluence Energy Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Fluence Energy Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Contact Info
Peretz Bronstein, Esq. or Nathan Miller
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Akcie společnosti Howard Hughes (HHH) letos klesly o 9,3 %, přesto tržby z prodeje pozemků ve 2. čtvrtletí 2026 vzrostly ze 125 mil. USD na 170,9 mil. USD.
Key Takeaways HHH shares fell 9.3% YTD as elevated financing costs and intense real estate competition took a toll.HHH's Q2 net new home sales rose 12%, while master-planned communities EBT grew 32% to $134.7M.HHH acquired Vantage for $2.1B to expand into insurance; Vantage's first-half net income grew 94%. Howard Hughes Holdings Inc. (HHH - Free Report) stock has plunged 9.3% in the year-to-date period, weighed down by elevated financing costs and intense competition.
Rivals like Sky Harbour Group (SKYH - Free Report) and Cyrela Brazil Realty (CYRBY - Free Report) are steadily broadening their services, challenging Howard Hughes’ dominance in real estate development. SKYH stock has gained 5.9%, while CYRBY has increased 27.4% in the year-to-date period.
Investors are now questioning whether Howard Hughes’s struggles represent a deeper problem or an opportunity to buy into a long-term recovery story. Let’s delve deeper into this.
Image Source: Zacks Investment Research
Why Do HHH Shares Fall?Howard Hughes’ shares have faced pressure partly amid concerns over its elevated cost of capital and capital-intensive real estate operations. Management acknowledged that the company’s non-REIT structure has constrained its ability to generate returns on certain real estate investments. Moreover, the company's second-quarter 2026 interest expenses increased 4.8% year over year to $45.8 million. Persistently high financing costs could limit financial flexibility, constrain development investments and weigh on profitability.
Intense competition in the real estate development market has also contributed partly to Howard Hughes’ stock decline. Competition from other master-planned community developers and residential projects pressures land pricing, home sales and development margins. Moreover, competing commercial properties constrain rental growth and occupancy rates.
HHH's Healthy Housing Demand and Land Sales Support GrowthNevertheless, Howard Hughes continues to benefit from healthy housing demand across its master-planned communities despite broader housing market challenges. In the second quarter of 2026, net new home sales increased 12% year over year across the portfolio. The Woodlands Hills recorded 34% growth, followed by Bridgeland at 17% and Summerlin at 2%. The improvement across these communities reflects continued homebuyer interest, providing a favorable backdrop for future residential land sales.
Supported by steady demand, Howard Hughes reported a 32% year-over-year increase in master-planned communities segment earnings before taxes (EBT) to $134.7 million in the second quarter of 2026. Land sales revenues increased to $170.9 million from $125 million, while residential land closings rose to 119.7 acres from 110.5 acres a year earlier. In the first half of 2026, the company sold 206.7 residential acres at an average price of $1.2 million per acre. With an estimated $5.7 billion in margin-adjusted residual land value across its wholly owned communities, the company remains well-positioned to generate future earnings from its land portfolio.
HHH's Vantage Acquisition Creates New Growth OpportunitiesHoward Hughes expanded its business through the $2.1 billion acquisition of Vantage in June 2026, establishing a second operating platform focused on specialty insurance and reinsurance. The acquisition creates opportunities to diversify earnings and support long-term growth beyond real estate.
Vantage reported strong business momentum, with second-quarter 2026 gross and net written premiums increasing 29% year over year to $473 million and $325 million, respectively. Net earned premiums also grew 22% to $295 million, reflecting continued business expansion. For the first half of 2026, Vantage’s net income increased 94% to $86 million, while underwriting income nearly doubled to $23 million.
The company is also strengthening Vantage's investment strategy with a $300 million capital infusion. As of Aug. 31, 2026, its investment portfolio reached approximately $3.6 billion, with 37% allocated to common equities and 62% to cash and short-term investments. This approach, combined with disciplined underwriting, could support higher long-term investment returns and profitable growth.
HHH Shares Trading at Premium ValuationHoward Hughes shares are trading at a premium. In terms of forward 12-month P/E, HHH stock is trading at 17.38X compared with the Zacks Real Estate Development Market industry’s 11.70X.
Image Source: Zacks Investment Research
HHH’s Estimate Revisions Exhibit Positive TrendHoward Hughes’ estimate revisions reflect a positive trend for full-year 2026. The Zacks Consensus Estimate for HHH’s 2026 earnings per share has moved 71.5% upward to $4.75 over the past month.
Image Source: Zacks Investment Research
How to Play the HHH Stock?Howard Hughes’ healthy housing demand, robust land sales and Vantage acquisition support its long-term growth prospects. Although elevated financing costs, competition and premium valuation remain concerns, the positive trend in earnings estimate revisions reinforces optimism about its outlook. Given these growth catalysts, the recent 9.3% decline in HHH shares presents an attractive buying opportunity for investors.
Howard Hughes currently sports Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Lattice Semiconductor a AMI zahájily v rámci projektu Open Compute Project iniciativu SCMP pro otevřenou a bezpečnou správu a řízení infrastruktury datových center pro AI.
SAN JOSE, Calif.--(BUSINESS WIRE)--Lattice Semiconductor (NASDAQ: LSCC), the low power programmable and platform firmware leader, and AMI, a Lattice company, today announced SCMP (Secure Control and Management Plane), a new Open Compute Project workstream. Announced during a joint keynote at the 2026 OCP Global Summit, SCMP is an open, vendor-neutral architecture for secure control, boot, and management of data center infrastructure. It gives data center operators more confidence that complex AI systems will work as expected across vendors and platforms, with less integration risk and more freedom of choice. SCMP defines how a control authority establishes and maintains trust from silicon root of trust through rack and pod, building on existing OCP initiatives and industry standards.
“As AI infrastructure scales toward autonomous operation, the management and control plane becomes the foundation of trust. That foundation should be open and verifiable, and SCMP gives the industry a common architecture to achieve it, from silicon to rack to grid. We’re pleased to launch this work with OCP and our founding contributors, and we invite the industry to help define it.” — Ford Tamer, CEO, Lattice Semiconductor
“Firmware sits at the center of every data center's control path, and AMI has seen firsthand where fragmentation limits security and interoperability. SCMP turns that experience into an open specification that any vendor can implement and any operator or auditor can verify. We are contributing alongside the other founding members, and look forward to working with the OCP community to make trusted management and control the golden standard for AI infrastructure.” — Sanjoy Maity, SVP, AMI, A Lattice Company
“SCMP represents an important milestone in advancing open, trusted infrastructure management for next-generation AI data centers. It also complements OCP's 'Chip-to-Grid' Vision and the Mission by bringing the needed Open Firmware (BMC and FPGAs) designs integrated with Open Hardware! OCP welcomes this initiative from Lattice and AMI, and all the other founding companies contributing to the OCP's SCMP workstream. This reflects our shared commitment to open collaboration, interoperable standards, and a more secure foundation for AI-scale infrastructure and end-to-end computer continuum developments." — George Tchaparian, CEO, Open Compute Project Foundation
Closing Gaps in Infrastructure Control
As outlined in the Lattice and AMI keynote presentation at OCP Global Summit 2026, several areas of infrastructure control remain unspecified or vendor-specific today, at a time when data center AI capital expenditure is projected to reach $1.2 trillion in 2027i. SCMP addresses key challenges to connecting them, including:
Accelerated Shift Left: Boot-up above the device boundary is unspecified. SCMP defines the control authority and the bring-up sequence that govern how a rack is booted, verified, and supplied with firmware. Increasing Complexity: Control and telemetry interfaces vary by platform and ODM. SCMP standardizes the control authority interface and its delegation model, so compliant implementations are interchangeable. Distributed Security: Attestation terminates at the device boundary. SCMP specifies how component identities compose into a verifiable trust chain at the rack and pod tier, building on Caliptra™, DMTF SPDM, and OCP S.A.F.E.™ Future-Proofing Infrastructure: Recovery from failed trusted boot, ownership transfer, and revocation are undefined across vendors. SCMP defines these procedures as open, verifiable interfaces, ensuring infrastructure can be secured, recovered, and re-provisioned across vendors and generations. SCMP launches with AMD, AMI, Arm, ASPEED, Intel, Jabil, Lattice, Microsoft, and NXP as founders, each of whom bring core competencies and expertise to strengthen the workstream’s mission and success.
“AI infrastructure is increasingly being designed at the rack level, where compute, networking, security and management need to work together as a trusted system. Through SCMP, Arm is bringing our compute, security and platform expertise to the OCP community to help define an open, interoperable foundation for trusted AI infrastructure at scale.” — Eddie Ramirez, Vice President of Go-to-Market, Cloud AI, Arm
Join SCMP to Help Shape Open Infrastructure Control
Given the industry's need for an open, verifiable foundation for infrastructure control, OCP, whose community represents more than 400 member companies, has invited Lattice and AMI to lead the development of SCMP. The workstream launches in Q4 2026 with founding contributors across silicon, firmware, manufacturing, and operations, and is open to all OCP participants, including operators, silicon suppliers, ODMs, and system integrators. All contributions are made under the OCP contribution license. Interested organizations may contact Lattice or AMI, or visit opencompute.org.
Supporting Resources
For more information about the SCMP (Secure Control and Management Plane) OCP workstream, visit the OCP Community webpage. For more information about Lattice and AMI's participation at OCP Global Summit 2026, visit OCP event webpage. For more information about the OCP Global Summit, visit OCP Global Summit webpage. About Lattice Semiconductor
Lattice Semiconductor (NASDAQ: LSCC) is the low power programmable and platform firmware leader. We solve customer challenges from the Edge to the Cloud, in the growing Compute, Communications, Industrial, and Embedded markets. With the addition of AMI's industry-leading, silicon-neutral platform firmware and infrastructure manageability solutions, Lattice now delivers the industry's most complete secure management and control platform for cloud and AI data center infrastructure. Our technology, long-standing relationships, and commitment to world-class support let our customers quickly and easily unleash their innovation to create a smart, secure, and connected world. For more information about Lattice, please visit www.latticesemi.com and follow us via LinkedIn, X, YouTube, Facebook, WeChat, and Weibo.
Lattice Semiconductor Corporation, Lattice Semiconductor (& design), AMI, and specific product designations are either registered trademarks or trademarks of Lattice Semiconductor Corporation or its subsidiaries in the United States and/or other countries. The use of the word “partner” does not imply a legal partnership between Lattice and any other entity.
GENERAL NOTICE: Other product names used in this publication are for identification purposes only and may be trademarks of their respective holders
ABM zvýšila výhled volného peněžního toku pro fiskální rok 2026 na 210 mil. USD. Tržby z rychle rostoucí infrastruktury za devět měsíců organicky vzrostly o 26 %.
Key Takeaways ABM stock jumped 28.2% in six months, with FY26 revenues and EPS projected to grow 5.3% and 16.3% y/y.High-growth infrastructure revenues rose 26% organically, while WGNSTAR added $76.9M in FY26.ABM raised its FY26 free cash flow guidance to $210M, but debt and market softness pose risks.
ABM (ABM - Free Report) stock has gained 28.2% over the past six months, outpacing the industry's 2.4% dip. The Zacks S&P 500 Composite has rallied 12.4% over the same period.
6-Month Share Price Performance Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ABM’s fiscal 2026 revenues is $9.2 billion, implying 5.3% year-over-year growth. For fiscal 2027, the anticipated growth rate is 3%.
The consensus mark for earnings per share (EPS) for fiscal 2026 is pinned at $4, suggesting a 16.3% year-over-year jump. The bottom line is expected to increase 7.5% to $4.3 in fiscal 2027.
Factors That Augur Well for ABM’s SuccessFootprints in High-Growth Infrastructure Markets: ABM is raising exposure to semiconductor, microgrid and data center markets. In the first nine months of fiscal 2026, these businesses generated nearly $775 million in revenues, representing more than 11% of the company’s top line. Revenues increased 26% organically year over year and about 40% including WGNSTAR, with double-digit blended operating margins. Semiconductor revenues rose 65% organically year over year, microgrids increased 17% and data centers grew 8%.
WGNSTAR Strengthens Semiconductor Capabilities: The WGNSTAR buyout contributed $76.9 million to revenues in the first nine months of fiscal 2026 after closing in February. Client-base expansions and the WGNSTAR acquisition resulted in M&D revenues increasing 17.6% year over year in the fiscal third quarter, comprising 7.8% organic growth and 9.9% acquisition-related growth.
Financial Flexibility: The free cash flow (FCF) was $199.6 million in the first nine months of fiscal 2026 compared with $42.4 million in the prior-year period, driven by improved working-capital management and ERP stabilization. Management increased the fiscal 2026 reported FCF guidance to $210 million from the previously provided $185 million. Leverage lowered sequentially to 2.9X in the fiscal third quarter from 3.2X in the second quarter, reaching the company’s below-3X target one quarter earlier than planned.
Risks Faced by ABMMacroeconomic Headwinds Could Limit Growth: ABM remains exposed to commercial real estate conditions and airline economics. Business & Industry revenues declined 2.6% year over year in the third quarter of fiscal 2026, reflecting the large U.K. client exit and continued West Coast softness. Management anticipates the revenue trend to persist in the fourth quarter and does not expect the segment to return to organic growth until around mid-fiscal 2027.
Higher Debt Lowers Flexibility: ABM ended the third quarter of fiscal 2026 with $1.8 billion in total borrowings, although this increased sequentially from $1.9 billion in the second quarter. Interest expenses increased year over year to $29.5 million from $25.3 million in the fiscal third quarter, reflecting higher average debt following WGNSTAR. For the first nine months, interest expenses increased 13.2% year over year to $81.6 million from $72.1 million.
ABM’s Zacks Rank & Stocks to ConsiderThe company currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the broader Zacks Business Services sector include WEX (WEX - Free Report) and Concentrix (CNXC - Free Report) .These two companies presently have a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
WEX has a long-term earnings growth expectation of 11.3%. WEX delivered a trailing four-quarter earnings surprise of 4.3%, on average.
Concentrix has a long-term earnings growth expectation of 5.4%. CNXC delivered a trailing four-quarter earnings surprise of 1.9%, on average.
Key Takeaways PacBio partners with TychoBio to build AI models for developing RNA therapies targeting rare diseases.TychoBio plans to analyze over 10,000 samples using PacBio's HiFi and Kinnex RNA sequencing technologiesThe collaboration aims to use AI models to predict RNA therapy efficacy, duration and unintended effects. Pacific Biosciences of California (PACB - Free Report) recently announced a collaboration with TychoBio, an AI-driven drug discovery company, to generate full-length RNA sequencing data for training models designed to develop RNA therapies for rare diseases. The collaboration will focus initially on steric blocking antisense oligonucleotides (SBOs), with plans to extend the approach to small interfering RNA (siRNA) and other RNA-targeting compounds.
Under the agreement, TychoBio will leverage PacBio HiFi and Kinnex long-read RNA sequencing to analyze more than 10,000 samples and build large-scale datasets linking SBO designs to their transcriptome-wide effects.
Mark Van Oene, president and chief executive officer of PacBio, said that high-quality sequencing data is essential to build the foundational datasets that support AI-driven biological modeling. The company believes its collaboration with TychoBio, similar to its work with Basecamp Research, could help advance the development of innovative therapies for rare diseases and improve outcomes for patients and their families.
PACB Stock TrendYear to date, the stock has gained 12.3% against the industry’s 4.9% decline. However, the S&P 500 has risen 13.9% in the same timeframe.
The collaboration highlights the role of PacBio’s HiFi and Kinnex sequencing technologies in advancing AI-driven therapeutic research. By enabling detailed analysis of full-length RNA transcripts and treatment-induced changes across cell types, the company’s platform can help researchers build reliable models for identifying promising drug candidates. The partnership also strengthens PacBio’s presence in rare disease research, where precise genetic insights are essential to develop targeted therapies. Successful progress in TychoBio’s RNA therapeutic programs could create opportunities for additional collaborations and support demand for PacBio’s sequencing platforms and consumables.
PACB currently has a market capitalization of $724.2 million.
Image Source: Zacks Investment Research
More on the NewsPacBio’s HiFi long-read sequencing can capture full-length transcripts, including information about RNA isoforms and splicing. Combined with Kinnex technology, this approach can help researchers screen thousands of sequences across multiple cell lineages and develop models assessing both therapeutic efficacy and toxicity.
TychoBio will evaluate potential RNA therapies and use PacBio’s sequencing technology to assess their effects on the transcriptome across different cell types. The resulting data will train AI models to predict therapeutic effectiveness, duration of action and potential unintended effects.
Developing SBOs with improved efficacy and lasting effects requires a detailed understanding of how these compounds interact with the transcriptome. By characterizing their effects across different cell lineages, the collaboration aims to deepen insights into RNA regulation and SBO mechanisms of action, supporting the design of safer and effective therapies.
The collaboration adds to PacBio’s efforts to support rare disease research through partnerships with organizations including the global HiFiSolves Consortium, the n-Lorem Foundation and EspeRare, the GREGoR Consortium, Care4Rare Canada Consortium, the Genetic Alliance, Genomics England and many more. It also underscores the growing intersection of advanced sequencing technologies and AI-based biological research.
Industry Prospects Favoring the MarketAccording to Grand View Research, the global long-read sequencing market is estimated to reach $717.9 million in 2026 and is projected to witness a CAGR of 22.7% through 2033.
Factors like the increasing prevalence of genetic diseases like cancers and chromosomal disorders, the growing popularity of personalized medicine and technological advancements leading to third-generation sequencing innovations are expected to support market growth.
Other NewsPacBio has appointed Mark Van Oene as president and CEO, effective Aug. 5, 2026. The former chief operating officer succeeds Christian Henry, who stepped down after six years but will remain on the board and advise the company through at least year-end 2026. Van Oene will focus on expanding HiFi sequencing adoption, clinical applications and AI-driven product development.
Some better-ranked stocks from the broader medical space are OPKO Health (OPK - Free Report) , Globus Medical (GMED - Free Report) and Merit Medical Systems (MMSI - Free Report) .
OPKO Health, currently flaunting a Zacks Rank #1 (Strong Buy), reported a second-quarter 2026 adjusted loss of 1 cent per share, which surpassed the Zacks Consensus Estimate by 87.5%. Revenues of $163.6 million beat the Zacks Consensus Estimate by 24.7%. You can see the complete list of today’s Zacks #1 Rank stocks here.
OPK has an estimated earnings growth rate of 23.3% for 2026. The company’s earnings beat estimates in each of the trailing four quarters, the average surprise being 95.1%.
Globus Medical, currently carrying a Zacks Rank #2 (Buy), reported a second-quarter 2026 adjusted EPS of $1.34, which surpassed the Zacks Consensus Estimate by 19.6%. Revenues of $789.6 million beat the Zacks Consensus Estimate by 0.4%.
GMED has an estimated long-term earnings growth rate of 12.4%. The company’s earnings beat estimates in each of the trailing four quarters, the average surprise being 27.9%.
Merit Medical Systems, carrying a Zacks Rank #2 at present, reported second-quarter 2026 adjusted EPS of $1.19, which beat the Zacks Consensus Estimate by 23.9%. Revenues of $418.8 million surpassed the Zacks Consensus Estimate by 3.5%.
MMSI has an estimated long-term earnings growth rate of 10.4%. MMSI’s earnings surpassed estimates in the trailing four quarters, the average surprise being 14.1%.
Společnost Reynolds Consumer ve druhém čtvrtletí 2026 zvýšila upravený zisk EBITDA díky vyšším cenám a nižším provozním nákladům, přestože objemy maloobchodního prodeje klesly.
Key Takeaways REYN leverages its presence in 95% of U.S. households and leading brands to drive growth.Pricing actions and lower operating costs boosted REYN's adjusted EBITDA in Q2 despite soft retail volumes.REYN targets cost savings through manufacturing efficiency, procurement and supply-chain upgrades. Reynolds Consumer Products Inc. (REYN - Free Report) continues to focus on strengthening its established brands, expanding product innovation and improving operational efficiency amid a challenging consumer environment. Pricing actions, productivity initiatives and disciplined cost management remain central to its growth strategy. The company is also leveraging its strong retail relationships and broad household penetration to reinforce its market position and support long-term profitability.
Brand strength and product innovation remain important growth drivers. Reynolds Consumer has a presence in approximately 95% of U.S. households, with leading brands such as Reynolds Wrap and Hefty. The company continues to invest in these brands, develop products that address changing consumer needs and strengthen its value proposition through retail partnerships. Innovation across cooking, food storage, waste management and disposable tableware provides opportunities to reinforce customer loyalty and support category growth.
Pricing and revenue management are also playing an important role in protecting profitability. The company has implemented pricing actions to recover higher commodity costs, particularly aluminum, while working to limit the impact on consumer demand. In the second quarter of 2026, pricing actions and lower operating costs helped support adjusted EBITDA growth, despite lower retail volumes and higher selling, general and administrative expenses. However, the ability to maintain pricing without further weakening demand remains important to its growth outlook.
REYN is also emphasizing manufacturing efficiency, procurement savings, waste reduction and supply-chain improvements. These initiatives are intended to generate sustainable cost savings and create room for continued investments in brand building, innovation and other strategic priorities. In addition, the company realigned its business segments in 2026 to improve operating efficiency, sharpen its innovation focus and pursue better opportunities in adjacent categories.
Reynolds Consumer is balancing near-term cost pressures and softer retail volumes with investments aimed at strengthening its competitive position. Continued execution on pricing, productivity and innovation will be critical to sustaining earnings growth and improving profitability over the long term.
REYN’s Price Performance, Valuation and EstimatesReynolds Consumer’s shares have gained 3.3% in the past six months compared with the industry’s 1.9% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, REYN trades at a forward price-to-earnings ratio of 13.45X compared with the industry’s average of 14.12X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for REYN’s 2026 earnings per share (EPS) indicates a year-over-year decline of 3.1%, while that of 2027 EPS shows growth of 3.8%. The company’s EPS estimate for 2026 and 2027 has been stable in the past 30 days.
Image Source: Zacks Investment Research
Reynolds Consumer currently carries a Zacks Rank #3 (Hold).
Key Picks in the Consumer Discretionary SpaceDuluth Holdings Inc. (DLTH - Free Report) , which deals in casual wear, workwear and accessories for men and women, currently sports a Zacks Rank #1 (Strong Buy). You can see see the complete list of today’s Zacks #1 Rank stocks here.
Duluth Holdings delivered a trailing four-quarter earnings surprise of 122.5%, on average. The Zacks Consensus Estimate for DLTH’s current financial-year EPS indicates a rise of 18.6% from the year-ago number.
Columbia Sportswear (COLM - Free Report) engages in marketing and distribution of outdoor and active lifestyle apparel, footwear and accessories, and currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for COLM’s current financial-year sales is expected to rise 1.9% from the corresponding year-ago reported figure. COLM delivered a trailing four-quarter earnings surprise of 36%, on average.
Ralph Lauren Corporation (RL - Free Report) , which is a designer and marketer of premium lifestyle products, currently carries a Zacks Rank of 2.
RL delivered a trailing four-quarter earnings surprise of 8.7%, on average. The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales indicates growth of 7.6% from the year-ago number.
Scotiabank strategists Shaun Osborne and Eric Theoret say the Euro (EUR) is marginally firmer versus the US Dollar (USD) on the softer USD tone, with ECB Governor Stournaras signalling continued gradual tightening. They judge EUR/USD retains a soft undertone and may be overshooting, as front-end spreads and risk reversals adjust, while their fair value model points to equilibrium around 1.1250, above current spot.
Euro edges up as ECB stays gradual"The EUR is marginally higher on the day, reflecting the generally softer tone of the USD. ECB Governor Stournaras remarked that the central bank will likely stick with its policy of gradual monetary policy tightening."
"Final German September CPI was confirmed at 3.3% in the year. The EUR retains a soft undertone but spot pricing may be overshooting somewhat."
"Front-end spreads have narrowed a little from the early October levels and short-term risk reversal pricing has pared the premium for EUR puts somewhat. Our fair value model suggests spot equilibrium sits around 1.1250 currently."
"EUR/USD short-term technicals: Neutral/bearish – Bearish pressure on the EUR may be moderating but there is little indication from short-term price action that a rebound is developing."
"Intraday price signals suggest a minor low may be developing around the mid-1.11 area. But short-term trend resistance remains intact at 1.1215 and a push above this area is the bare minimum the EUR needs to achieve to strengthen in the short run."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Společnost BigBear.ai od července získala více než 25 zakázek v hodnotě přes 225 mil. USD od zákazníků z oblasti obrany, zpravodajských služeb a federální správy.
Bouncing back from an inauspicious start to the week that saw the stock finish 3.8% lower from Friday's close, BigBear.ai (BBAI +3.04%) stock is rising today after the artificial intelligence (AI) company announced it has received several new awards.
As of 12:47 p.m. ET, BigBear.ai stock was up 4.6%, retreating from an earlier rise of 11.7%.
Image source: Getty Images.
BigBear.ai has secured more than 25 contract awards totaling $225 millionHaving achieved numerous successes over the past three months, BigBear.ai announced today that it has won more than 25 contract awards valued at more than $225 million since July. In addition to homeland security, the contract awards stem from defense, intelligence, and federal civilian customers.
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In the press release addressing the contract awards, Kevin McAleenan, BigBear.ai's CEO, stated, "Technology does not translate into capability without operational insight, and these awards come from customers who understand both the depth of our experience and our differentiated technology."
Is BigBear.ai stock a buy on the bullish news?Unsurprisingly, shares rocketed higher on this morning's news -- especially when appreciating the significance of the contract awards. To put it in perspective, it's helpful to note that, in its second-quarter 2026 financial results presentation, BigBear.ai reported a backlog of $269.6 million as of June 30.
While the news is certainly positive, AI investors shouldn't rush in and start a position solely based on the new contract awards. Since the company is unprofitable and fails to generate positive operating cash flow, and these contract awards don't guarantee significant improvement in either metric, BigBear.ai stock is best left to those with higher risk tolerances.
Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Recognition Highlights Company's Leadership in Enabling Advanced Heterogeneous Integration and AI-Driven Semiconductor Innovation
FORT WASHINGTON, Pa., /PRNewswire/ -- Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company") today announced that it has been selected as the recipient of the 2026 SEMI Award for North America, one of the semiconductor industry's highest honors recognizing exceptional technical and commercial contributions to semiconductor manufacturing.
The award recognizes Kulicke & Soffa's pioneering formic acid in-situ bonding technology, an innovative Fluxless Thermo Compression bonding (FTC) solution that addresses critical interconnect scaling challenges and is actively enabling the next generation of heterogeneous integration architectures supporting artificial intelligence, high-performance computing, and advanced photonics applications.
Presented during the CEO Summit Keynotes at SEMICON West, the award underscores the growing industry adoption and significance of K&S's advanced packaging portfolio, including its industry-leading APTURA™ platform.
"As semiconductor performance is now critically dependent on advanced packaging and heterogeneous integration, the industry's ability to scale interconnect density efficiently and economically becomes more important than ever," said Raj Talluri, Chief Executive Officer of Kulicke & Soffa. "We are honored to receive this recognition from SEMI. This award reflects the ingenuity, dedication, and relentless execution of our global teams, who continue to develop innovative solutions which enable customers to overcome the industry's most complex manufacturing challenges."
Traditional Thermo-Compression bonding often requires a post-bond flux cleaning processes that becomes increasingly difficult at finer interconnect pitches. At the same time, hybrid bonding solutions, while highly capable, can introduce significant manufacturing complexity and cost. Kulicke & Soffa's proprietary Fluxless Thermo-Compression bonding technology combines advanced plasma pre-cleaning and in-situ formic acid oxide reduction to deliver high-yield, ultra-fine-pitch interconnect capabilities while simplifying the manufacturing processes and reducing production costs.
FTC technology has become a foundational element of the Company's advanced packaging roadmap and enables customers to pursue interconnect pitches below 10 microns while supporting applications across wafer-level, substrate-level, and panel-level manufacturing environments.
"This recognition validates our innovation-driven strategy of selecting differentiated technologies that solve real customer challenges," said John Molnar, VP & General Manager, Advanced Solutions. "By enabling hybrid-bonding-class performance with more accessible manufacturing, we are accelerating the adoption of advanced packaging solutions required for next-generation AI, high-performance computing, silicon photonics, and other rapidly growing semiconductor markets."
The award further reinforces Kulicke & Soffa's position as a leading provider of semiconductor interconnect solutions. The company's advanced packaging portfolio spans thermocompression bonding, hybrid bonding enablement technologies, wedge bonding, and vertical interconnect solutions that support some of the industry's most complex heterogeneous applications.
As semiconductor complexity continues to increase, interconnect and packaging innovations are now a requirement in delivering system-level performance across the semiconductor space. This award highlights the critical role Kulicke & Soffa is playing to shape the industry's future.
About Kulicke & Soffa
Kulicke & Soffa is a global leader in semiconductor assembly technology, advancing device performance across automotive, compute, industrial, memory and communications markets. Founded on innovation in 1951, K&S is uniquely positioned to overcome increasingly dynamic process challenges – creating and delivering long-term value by aligning technology with opportunity.
About SEMI
SEMI® is the global industry association connecting over 4,000 companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members' business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.
Contacts
Kulicke & Soffa
Marilyn Sim
Public Relations
P: +65-6880-9309
[email protected]
Akcie Celestica v úterý klesly o více než 5 % na nejnižší úroveň od 21. září, přestože tržby ve druhém čtvrtletí vzrostly meziročně o 62 % na 4,70 mld. USD.
Celestica stock fell more than 5% on Tuesday, reaching its lowest level since September 21 as AI-related companies broadly declined. Shares traded at $480 in Toronto, about 14.5% below their October peak. So, is this the start of a bear market or will it buy the dip as its earnings report nears?
Celestica shares remained under pressure as investors dumped companies in the artificial intelligence (AI) industry. Nvidia, the biggest company in the industry, dropped by 0.20% to $225, while AMD fell by 20 basis points. Other top AI companies like Broadcom, Marvell Technology, and Lumentum also retreated.
The weakness accelerated after Broadcom’s CEO suggested that many investors in the AI space were acting as casino gamblers. He also warned that Western companies were facing significant competitive pressure from Chinese firms.
Celestica is one of the biggest companies in the AI space. It operates in two segments, Connectivity & Cloud Solutions (CCS) and Advanced Technology Solutions (ATS). CCS, its biggest business, makes 800G networking switches and custom compute hardware for hyperscalers like Amazon, Meta, and Microsoft. Its ATS business builds solutions for other industries like aerospace and defense.
On the positive side, Celestica’s business has continued doing well, and analysts expect the trend will continue. The most recent results showed that its revenue growth accelerated in the second quarter. It made $4.70 billion in the second quarter, up by 62% from the same period last year.
Its revenue was higher than its previous guidance and what analysts were expecting. The management also raised its guidance again, and analysts expect the trend to continue in the foreseeable future. Management expects the third-quarter revenue to be between $5.25 billion and $5.5 billion.
For the year, the company expects that its revenue will jump to $20.5 billion, higher than the previous guidance of $19 billion. This surge will be much higher than the $12.3 billion that it made last year. Analysts expect its revenue to hit $35 billion next year.
Most Wall Street analysts are highly bullish on the company. Bernstein’s Daniel Zhu initiated his coverage with an outperform rating and a target that is 42% above this level. Other top analysts, including from TD Bank, Royal Bank of Canada (RBC), UBS Group, and Scotiabank, have a highly bullish view of the company, citing its revenue and profitability growth.
A key concern is that the company is highly overvalued. It has a forward price-to-earnings ratio of 31, higher than the sector median of 22. This multiple is higher than its five-year average of 18, and much high than other fast-growing companies like Micron, Nvidia, and SanDisk.
CLS stock chart | Source: TradingView
The weekly chart shows that Celestica shares peaked at $655 in June and then pulled back to the current $488. A closer look shows that it has formed a head-and-shoulders pattern, a common bearish reversal pattern. It is in the right shoulder section of this pattern.
The stock is trading at the middle side of the Bollinger Bands indicator. At the same time, the Relative Strength Index (RSI) has formed a bearish divergence pattern. Therefore, the stock will likely have a bearish breakout, potentially to the key support level of $400. A drop below that price will point to more downside towards $300.
Social media giant Meta Platforms (META +2.74%) has rallied 15% this year as it looks to be on track to hit a new all-time high. The business has done well despite adversity and legal challenges relating to the addictiveness of its platforms.
The company generates billions in revenue from advertisers, and the hope is that its new artificial intelligence (AI) assistant, Muse, could drive even more revenue growth. Despite a market cap of around $2 trillion, the stock doesn't look overpriced and may still have more upside. Could it hit $1,000 in the near future?
Image source: Getty Images.
Meta's stock doesn't look expensive, based on its expected growthAlthough Meta's stock is approaching $800, in terms of earnings, its valuation is not enormous. It's trading at 28 times its trailing earnings. But based on analyst projections of how profitable the business will be in the year ahead, it's at a forward price-to-earnings (P/E) multiple of 22.
A key metric growth investors look at is the PEG multiple, which takes into consideration the earnings multiple and the future earnings growth that analysts expect over the next five years. A PEG of less than 1.0 suggests the stock is a good buy when considering future growth. Meta is just under that cutoff right now.
However, analyst expectations can change over time. If Muse proves to be a big moneymaker for the business, the company's outlook may be more promising, leading to greater returns for shareholders.
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Is Meta's stock worth buying today?Despite the optimism around the business, the consensus analyst price target for Meta's stock is around $796, suggesting it's unlikely to rise much higher. However, the most bullish forecast does project it will reach $1,000. Price targets are typically the levels analysts expect a stock to reach over the next 12 to 18 months.
Meta has a strong business, but I'm not convinced it's worth investing in at its current share price. Its Muse assistant may open up more growth opportunities, but there's also likely to be considerable competition in the space as more companies develop AI assistants. Whether consumers will truly need them and see value in paying for them is also debatable.
The social media stock may hit $800 within a few weeks or even days, but I don't think $1,000 is on the horizon just yet, maybe in the long run. I'd take a wait-and-see approach with the stock first to gauge how well Muse is doing before buying Meta's stock, as its future gains may hinge heavily on how successful its AI strategy proves to be.
Coca-Cola zvýšila výhled volného peněžního toku pro rok 2026 na zhruba 12,4 miliardy USD po loňském poklesu způsobeném jednorázovou platbou související s fairlife.
Coca-Cola has handed income investors a bigger check every year for six decades, but last year its dividend bill outpaced its free cash flow by billions. Whether that gap signals trouble or a one-time blip could define the next ten…
Coca-Cola (NYSE:KO | KO Price Prediction) marked its 63rd consecutive year of annual dividend increases in 2025. Its quarterly payment record backs that up: the per-share payout has stepped higher every year from $0.16 in 1999 to $0.53 in 2026. Income investors who already own the stock care less about the 2.27% yield than about whether the next decade of raises shows up. That depends on free cash flow, and the cash flow picture has improved in Coca-Cola’s favor in 2026.
Free Cash Flow Is Catching Back Up to the Payout Last year looked weak on paper. Coca-Cola paid $8.8 billion in dividends but generated only $5.296 billion in free cash flow. Most of that gap came from a one-time fairlife contingent consideration payment, which management took out from its 2025 cash outlook.
For 2026, Coca-Cola raised its free cash flow guidance to about $12.4 billion. The 2025 dividend bill would use roughly 71% of that. First-half free cash flow came in at about $6.9 billion, with net debt at 1.4 times EBITDA, below the company’s 2x to 2.5x target. Chief financial officer John Murphy said:
“Given the momentum of our business and the strength of our balance sheet, we have increased flexibility and optionality to continue to both reinvest in our business and return capital to share owners.”
Earnings Are Growing Faster Than the Dividend Earnings growth is outpacing dividend growth. The 2026 raise was about 3.9%, while management now guides comparable EPS up 9% to 10% from $3.00. The $2.12 forward dividend works out to about 64% of trailing EPS of $3.33. Second-quarter operating margin expanded to 34.9% from 34.1%. Murphy credited the shift to a lighter-asset model:
“The structural changes in our overall model becoming more asset-light has, as you know, been one of the primary drivers.”
Pricing, Volume and Currency Decide the Pace Second-quarter unit case volume rose 5%, and Coca-Cola Zero Sugar grew 16%. Chief executive Henrique Braun described a squeezed consumer:
“The lower income continues to be pressured, and we’ve seen that it’s really about value, not only pricing.”
Several other factors can work against growth. Currency adds about 3% to 2026 EPS, and that boost can reverse. The fourth quarter has six fewer days than a year ago. The IRS tax case is also still pending, though Murphy said, “We continue to have confidence that we will ultimately prevail.”
How Coca-Cola Compares With PepsiCo and Keurig Dr Pepper PepsiCo (NASDAQ:PEP) yields more, at 4.42%, and announced its 54th consecutive annual increase. But it cut its 2026 core EPS growth guidance to 2.5% to 3.5% as core operating margin contracted 35 basis points. Keurig Dr Pepper (NASDAQ:KDP) is carrying $30.4 billion in debt principal and 4.4x pro forma leverage after its JDE Peet’s deal, and it plans a separation in early 2027.
Coca-Cola’s main weakness is its price. At 29 times earnings, it costs more than PepsiCo at 21 times. Its shares are up 31.67% this year.
Verdict: Expect Steady Mid-Single-Digit Raises Yes, Coca-Cola can keep raising its dividend, and it has more room to do so than either peer. EPS is growing at more than twice the rate of the most recent raise. Cash flow is recovering after the one-time fairlife payment, and leverage is below management’s own target. That supports raises around the recent 4% rate for years. Annual increases will likely stay in that range rather than speed up, so investors who want a higher starting yield are taking on more risk in PepsiCo’s payout. For current holders, a reversal of the currency boost is the main threat to watch.
Contact [email protected] for any questions or corrections.
Your vibe-coded applications can now be easily run on Android smartphones without having to first go public on the Google Play Store, the tech giant announced on Tuesday. A new feature will allow users to launch their own personal apps on their device via Google Play using their standard Google account, but they will remain completely private.
These personal apps won’t show up in Google Play’s search or listing pages, and won’t be shared with anyone except for the app’s creator.
The idea comes as more people are experimenting with building their own applications via AI for specific, personal needs. However, being able to use that app on their own Android device has meant publishing to Google Play, making it accessible to the Play Store’s some 3 billion users. That led many to limit their vibe-coding efforts to web apps that could run on any device instead of something built natively for Android.
Now, Google says Android device owners can vibe-code an app using Google AI Studio, then launch it for their own use.
Image Credits:Google These apps are still required to comply with Google Play’s existing policies but allow users to experiment more directly with building apps for Android.
Initially, the feature will be available to users in the U.S., age 18 and up.
“That’s why the future of apps on Google Play is personal, secure, and built by everyone — and it’s why Play is leading the charge and moving from ‘there’s an app for that’ to ‘there’s an app for me,’” said Sam Bright, Google’s VP and GM for the Google Play and Developer Ecosystem, in a press briefing ahead of Tuesday’s launch. “We started Google Play with a simple goal: to connect you with the apps you love. But after today, we hope it’s clear: Play has evolved to become so much more than that.”
In the months ahead, the company said that users will be able to share their vibe-coded creations with a network of trusted friends. That means the apps you built for family or friends, or maybe your child’s T-ball league, could be used with a small group of people, without having to go public on the Play Store.
And if the app ever really becomes popular, there will be a way to shift the personal app to one that’s published on the Google Play Store for everyone to try, after completing the trust and safety reviews.
Related to AI’s impact on app development, Google said it’s also building better ways to curate the Google Play experience — for instance, by leveraging Google’s AI to create a personalized game recommendation engine, called Game Finder. The feature, first available in the U.S. in English, will be based on what the user likes to play combined with Google’s knowledge derived from its game community’s 1.2 billion players.
Image Credits:Google Google will also allow users to curate their own lists of games, post questions about games to a new Community Posts section, and join new 48-hour gaming challenges called Sprints, among other gaming-related feature updates.
Image Credits:Google Plus, the Play Store’s built-in AI assistant, Ask Play, is being updated to offer comparisons, allowing users to see the key differences between similar applications. Google Play apps and games will also be more deeply integrated into Gemini’s conversations.
The changes are rolling out alongside Google Play’s new support for an age-range feature that allows parents to share their child’s age range, but not their exact birthdate, with developers to get an age-appropriate experience.
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Sarah has worked as a reporter for TechCrunch since August 2011. She joined the company after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.
You can contact or verify outreach from Sarah by emailing [email protected] or via encrypted message at sarahperez.01 on Signal.
Apple představila chytrý displej HomeView za 299 USD a domácí kamery, zvonek i zámek od společnosti LG Electronics, čímž přímo vyzývá produkty Amazon Echo a Ring.
Apple’s HomeView smart display, shown with faces for a clock, FaceTime, photos, smart home controls and music. (Apple Image) Apple is going after Amazon’s smart home business on several fronts at once.
The iPhone and iPad maker on Tuesday unveiled HomeView, a $299 smart display that competes directly with Amazon’s Echo Show, along with a lineup of cameras, a video doorbell and a smart lock made by LG Electronics. That puts Apple in the core categories of Amazon-owned Ring for the first time.
Apple also announced a new Apple TV 4K and the HomePod mini 2, which will go up against Amazon’s Fire TV and Echo speakers.
Amazon made its own move into Apple’s territory last week, unveiling premium Alexa Tablets, including a Pro model that competes more directly with the iPad.
The new Apple HomeView has a 7-inch screen and comes in a tabletop version with a speaker base and a wall-mounted version. It recognizes up to six household members by their faces and switches to each person’s messages, calendar and apps.
It runs Siri AI, Apple’s rebuilt version of its voice assistant, which the company calls “profoundly more capable and conversational.” Pre-orders started Tuesday, and the device ships Nov. 13.
Amazon’s big lead: About two-thirds of U.S. smart speaker owners have an Amazon device, compared with about a quarter for Google and 7% for Apple, according to the latest data from Consumer Intelligence Research Partners, covering the 12 months ending in June. Apple’s share has stayed in the mid-single digits for years.
CIRP’s Michael Levin and Josh Lowitz wrote that Apple may go after people who don’t own a smart speaker rather than try to convert Amazon and Google customers. Only 57% of recent Apple buyers have a smart speaker of any kind, the firm found.
The HomeView is aimed at people already using Apple devices. Setup and the personal features require an iPhone or iPad. It won’t be sold in the European Union because Siri AI isn’t available there.
Apple is also hinting that its AI won’t stay free. A footnote in the HomeView announcement says certain Apple Intelligence features that rely on server-side models are subject to daily limits, with expanded access “available for a fee in the future.” Amazon’s Alexa+ is free with Prime or $19.99 a month on its own.
Competition for Ring: The new Apple Home Collection, designed with LG and Schneider Electric, includes a $249.95 LG video doorbell with two cameras, LG indoor, outdoor and floodlight cameras priced from $199.95 to $399.95, and a $349.95 LG deadbolt that unlocks automatically as its owner approaches, using ultra-wideband technology.
The accessories are set for release starting in December, with some arriving in early 2027.
Camera video history requires an iCloud+ storage plan, and Apple says there’s no separate camera subscription. Apple’s retail stores will also offer installation by ADT for an extra charge.
The LG lock was announced a week after Ring unveiled its first smart lock, a $249 deadbolt with no keyhole and a hand-turned dial that revives a dead battery. It’s due in the first quarter of next year. Ring also announced five new cameras priced from $69.99 to $219.99.
The LG lock includes a backup key slot. “If you have to have a key, it’s like, well, why have a smart lock?” Ring founder Jamie Siminoff told GeekWire last week.
Ray Dalio warned the world that AI looks like a classic bubble, then quietly kept Nvidia as Bridgewater's single largest stock holding. When a legendary investor's words and his money point in opposite directions, following the money changes everything.
I keep adding to my NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) position, and the latest push came from a source I didn’t expect: Ray Dalio. At the Forbes Global CEO Conference in Singapore, Dalio said the AI boom resembles a “classic bubble” and that we are nearing one. Then I looked at his portfolio. NVIDIA is Bridgewater Associates’ single largest individual stock holding and third-largest position overall. When a famous investor’s warnings and his holdings disagree, I go with the holdings.
Demand It Can’t Fill Keeps Pulling Me Back
The full AI factory NVIDIA sells includes GPUs, CPUs, networking and the CUDA software that ties them together. My whole thesis rests on one line from the latest earnings call: “NVIDIA Compute is fully utilized across every cloud we serve.” Management expects revenue to grow approximately 70% in fiscal 2028, and it calls that number supply-constrained, because “customers’ forecasts point to our growth doubling next year.”
Three Receipts Behind Every Purchase
First, the growth is speeding up. Revenue for the second quarter of fiscal 2027 hit $96.22 billion, up 105.8% year over year, and Data Center revenue reached $89.02 billion (+117%). Growth sped up for the fourth consecutive quarter, and third-quarter guidance calls for $108.0 billion.
Second, the profitability is elite and the balance sheet is close to bulletproof. Net margin stands at 55.60%, return on invested capital at 92.21%, debt-to-equity at 0.073, and interest coverage at 503x. Fiscal 2026 free cash flow came to $96.58 billion.
Third, the price still works for me, and so does the cash coming back to owners. At a P/E of 46, I’m paying a reasonable multiple for a company that doubled its revenue. NVIDIA returned $26.0 billion to shareholders last quarter, raised its quarterly dividend to $0.25 from $0.01 in May 2026, and still has about $99.0 billion left on its buyback authorization. The 0.018% yield is token income. I own NVIDIA for compounding, and over five years the stock has gained 985.59%.
Why My Money Skips AMD and Broadcom
AMD (NASDAQ:AMD) trades at roughly 224 times earnings with an operating margin of 10.66%. NVIDIA’s operating margin is 60.38%. I’d pay the lower multiple for the far higher margin every time. In its latest quarter, Broadcom (NASDAQ:AVGO) grew revenue 85.5%, a strong number that still trails NVIDIA. Broadcom also lists its indebtedness and reliance on a limited number of large customers as risks.
Risk That Could Actually Hurt Me
NVIDIA has $279 billion in supply commitments, and it caps guarantees to AI cloud partners at $108.5 billion. Days sales outstanding extended to 60 days from 45. China is gone from guidance, and Q1 brought $4.5 billion in H20 charges. If AI spending stalls, those commitments turn into a burden. The stock fell 5.27% last week as Barron’s flagged a warning in its chart.
My thesis holds because the spending keeps climbing. Top hyperscaler capex should reach nearly $800 billion in 2026 and $1.3 trillion in 2027, and management expects supply to stay the constraint at least through the end of fiscal year 28.
What Keeps My Buy Button Active
Vera Rubin carries $40 billion per gigawatt of revenue opportunity, up from Blackwell’s $25 billion, and management expects it to be “the fastest product ramp in NVIDIA’s history.” On top of that, NVIDIA’s new neocloud revenue-sharing model means it gets “paid twice, once on the hardware sale and again through the share of rental revenue.”
Dalio can call it a bubble from the stage. I’ll keep reading his filings, and I’ll keep buying. Riding a mania is fine as long as you plan the exit, and we covered both sides in a free bubble survivor’s handbook.
Contact [email protected] for any questions or corrections.
Netflix (NFLX +0.33%) shareholders have had plenty of reasons to consider selling. Shares of the company are down by nearly 43% in the past year. Netflix's revenue growth is decelerating, engagement growth based on view hours remains modest, and Alphabet's YouTube reached a record 14.2% share of U.S. TV viewing in July 2026.
Image source: Getty Images
Despite these challenges, if I owned Netflix stock today, I would not sell a single share. Netflix's share price has declined roughly 25% so far in 2026 (as of Oct. 9), but management still expects operating income to grow more than 20% this year. The company's forward price-to-earnings (PE) multiple has also contracted by nearly 33% from about 30.5 at the end of 2025 to roughly 20.3.
Netflix's profits have not collapsed. Instead, investors are simply paying much less for each dollar of the company's expected future earnings.
Netflix's engagement problem is not yet an earnings problem Netflix's worldwide viewing hours increased by only about 2% in the first half of 2026. Despite this, the company's revenue rose roughly 15% year-over-year to $24.8 billion. Revenue is currently growing faster than engagement, driven primarily by membership growth, pricing, and advertising.
Netflix has largely proved the demand for its ad-supported tier, with more than 60% of new subscribers in its ad markets choosing the plan. But the bigger unanswered question is monetization.
In Netflix's second-quarter earnings call, co-CEO Greg Peters said ad-tier average revenue per membership is still lower than that for the company's standard plan without ads. But the gap is narrowing. According to Visible Alpha, Netflix generated about $618 million in advertising revenue in the second quarter, up nearly 79.8% year-over-year. Yet, the revenue was 7.2% below consensus expectations. S&P Global noted that monetization of the ad-supported tier has progressed more slowly than anticipated.
I will become more concerned if weaker engagement starts driving softer pricing, slower ad monetization, higher churn, and weaker margins all at once. Currently, though, Netflix's financial results do not show that broad deterioration.
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Content economics also appear to have improved. Content amortization (portion of Netflix's content costs recognized as an expense in a given period) fell from nearly 39.2% of revenue in 2024 to about 34.4% in the first half of 2026. Hence, Netflix is generating more revenue for every dollar of content amortization.
Improving content efficiency is one of the key factors supporting profitability. The company's operating margin improved from 26.7% in 2024 to 29.5% in 2025. Management expects the operating margin to be 31.5% in 2026.
Netflix's 2027 earnings growth looks deceptively weak Wall Street currently expects Netflix to earn about $3.58 per share in 2026 and $3.80 per share in 2027, implying EPS growth of just over 6%.
But 2026 is an unusually high base for comparison. Netflix received a $2.8 billion termination fee after its Warner Bros. Discovery transaction was terminated. The company recorded the payment under interest and other income, below operating income. Netflix reported first-quarter diluted EPS of $1.23, well above its prior forecast of $0.76. The company said the upside came from stronger-than-expected operating income and the termination fee.
Using Netflix's 19% first-quarter effective tax rate and 4.29 billion diluted share count as a rough adjustment, I estimate the termination payment contributed about $0.53 per share after tax. Removing the one-time benefit from the current 2026 consensus estimate of $3.58 produces an adjusted EPS of roughly $3.05 per share. Against that figure, $3.80 of 2027 EPS would imply year-over-year growth closer to 24.6%, not 6%. Although Netflix does not report this adjusted EPS figure, it suggests that Netflix's underlying 2027 EPS growth could be much stronger than the headline consensus comparison implies.
Share repurchases could provide another boost to per-share earnings growth. Netflix spent $4.7 billion repurchasing 52.9 million shares in the second quarter. The company still had $27.1 billion of repurchase capacity remaining at the end of the second quarter.
Management has reiterated that returning excess cash through buybacks remains part of its capital allocation strategy. At today's lower share price, future repurchases could retire more shares for every dollar spent, potentially supporting faster per-share earnings growth.
Netflix's valuation looks more reasonable, but upside isn't guaranteed Netflix stock was trading at roughly 18.5 times Wall Street's current 2027 EPS estimate of $3.8 (as of Oct.9, 2026). While the valuation appears reasonable, Netflix is not obviously cheap.
The company expects about $12.5 billion of free cash flow in 2026. However, management raised the forecast from roughly $11 billion primarily due to after-tax benefit from the Warner Bros.-related termination payment. I therefore view the earlier $11 billion forecast as a better starting point for assessing recurring cash generation.
At Netflix's roughly $293 billion market capitalization, the company is trading at a price-to-free-cash-flow multiple of about 26.6, compared with roughly 23.4 using the headline $12.5 billion figure. Hence, while Netflix's lower earnings multiple may look attractive, its recurring cash flow valuation still leaves limited room for execution mistakes.
So, Netflix may not soar in 2027. Meaningful upside likely requires either earnings above current expectations or a significant expansion in the valuation multiple.
Analysts expect about $57 billion of 2027 revenue, up roughly 11% from the midpoint of Netflix's $51 billion to $51.4 billion 2026 guidance. If Netflix can combine higher-than-expected revenue growth with a stable or modestly higher operating margin and continued share repurchases, EPS could grow faster than current expectations.
Here's what would make me sell However, my thesis has a clear breaking point. I would become much more cautious if revenue growth slipped into the high single digits while the company's operating margins moved toward 30% or below in 2027. I would also reconsider selling if content amortization began consistently growing faster than revenue. But for now, I see slower growth, not deteriorating economics.
Netflix získal vysílací práva na mistrovství světa ve fotbale 2030 ve Španělsku a Andoře. Ve Španělsku bude jeden zápas z každého hracího dne dostupný zdarma.
Netflix NFLX said it secured the rights to broadcast the 2030 World Cup in Spain, which is co-hosting the tournament, and Andorra. It's the company's first broadcast of a major men's international tournament in Spain, where national channel TVE aired the 2026 edition. Netflix didn't disclose financial terms. Netflix shares rose 0.71% as of 10:00 a.m. ET.
The deal reaches beyond Netflix's paying subscribers. One game per matchday will be free to watch in Spain, and Netflix will offer a national free-to-air channel carrying a package that includes all of Spain's games, both semifinals and the final. It hasn't named the channel. Spain won this year's World Cup and will co-host the 2030 edition with Portugal and Morocco.
The rights extend a Netflix push into sports. The current lineup already includes the NFL, MLB, WWE, boxing and MMA. Netflix also holds U.S. and Canadian rights to the 2027 and 2031 Women's World Cups. It reports third-quarter results on October 20.
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Walmart workers will have access to a broader set of health care benefits in 2027. Charles-McClintock Wilson/NurPhoto via Getty Images Walmart, America's largest private employer, said it will expand the health benefit options for its 1.6 million-strong workforce.
The retail giant said Tuesday that health plan participants will have several new benefits starting in 2027, including about 250 prescription drugs at no cost, including some insulin and inhalers.
A spokesperson also told Business Insider that associates with type 2 diabetes and new prior authorization will have coverage for GLP-1 medications.
That policy is similar to Starbucks, which recently cut back its coverage of the medications when they are prescribed for weight loss, though they may still be covered for other conditions. GLP-1 drugs have become highly sought-after treatments for obesity, but soaring costs are prompting some employers to limit eligibility.
Walmart's list of covered drugs also includes hemophilia medications and a multiple sclerosis drug, each of which can cost thousands of dollars per month, the spokesperson said.
Walmart US workers are getting some new health care benefits in the new year
In addition to the prescription benefits, Walmart is expanding its coverage of rare conditions to include no-cost access to specialists for evaluation and treatment review of multiple sclerosis, Parkinson's disease, and amyotrophic lateral sclerosis (ALS).
And starting next month, Walmart employees will have access to 12 weeks of paid leave if their newborn needs admission to a neonatal intensive care unit. That NICU leave can be combined with up to 16 weeks of existing paid maternity and parental leave available to frontline workers.
Walmart's 2027 health plans start at $39.80 per pay period, a $1.50 increase from 2026, the spokesperson said. Full-time and part-time workers who average more than 30 hours per week are eligible to enroll.
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Dominick Reuter You're currently following this author! Click to unsubscribe from email alerts.
Dominick Reuter is a senior retail reporter for Business Insider, primarily covering Walmart, Target, Costco, and other big box retailers. His stories tend to focus on issues and trends that affect employees and customers, such as affordability challenges and the growing race to provide ultra-fast delivery services on e-commerce orders.Prior to joining BI in 2019, Dominick worked for more than a decade as an independent photojournalist covering a wide range of stories for global wire services and newspapers, including Reuters, the Wall Street Journal, and Agence France-Presse.Dominick studied photojournalism at Boston University and later earned a Masters in business and economics journalism from Columbia University.If you're an employee or customer with a story to share, please contact me via email or text/call/Signal at 646-768-4750.
More and more people are turning to artificial intelligence (AI) chatbots in search of not only answers to queries, but also shopping recommendations. And one thing that analysts have uncovered is that chatbots really like Walmart (WMT +0.25%), with it often being the go-to recommendation.
The company may benefit from this trend, and it could prove to be an underrated catalyst for the retail stock.
Image source: Getty Images.
Being the preferred retailer among AI chatbots could unlock more growth for WalmartAI chatbots can make researching product decisions much quicker and easier for consumers. Increasingly, shoppers are becoming comfortable relying on them for advice on what to buy and where to buy it.
According to a recent survey by Gartner, approximately 34% of consumers in the U.S. would be very willing to use AI to get recommendations for holiday gift purchases. And that’s potentially great news for Walmart, as chatbots appear to gravitate toward it.
Analysts at UBS studied AI tools and found that Walmart was often the "default answer for everyday consumption.” It’s important to remember, however, that AI models evolve over time, and while Walmart may appear to be the preferred option today, it doesn't mean that it will remain the case several months from now.
It does, however, reinforce the strong brand that Walmart has built up over the years, which many consumers and now AI chatbots as well recognize as being synonymous with value.
Today's Change
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Walmart's stock could use a boost, but AI chatbots might not offer enough of a sparkThus far in 2026, Walmart's stock has generated underwhelming returns, up around just 2% and trailing the broader market. The challenge these days is that it's become too expensive over the years, and the stock now trades at more than 40 times its trailing earnings. For Walmart to remain a compelling buy at that level, its growth rate needs to be well into double digits, which it isn’t.
While AI chatbots may help drive more traffic to its stores, I don't think it'll be enough to drastically boost Walmart’s sales and profit numbers. The company has generated more than $730 billion in revenue over the trailing 12 months; it'll take a lot of additional revenue to meaningfully impact its growth rate.
Walmart's stock is expensive, but for investors who are looking to hang on for several years, potentially decades, the good news is that it can make for a solid investment to buy and hold, as it still has plenty of growth opportunities to tap into over the long haul.
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Jamie Dimon, chief executive of JPMorgan Chase. Bloomberg/Getty Images JPMorgan Chase customers shouldn't expect their personal AI agents to have access to their accounts anytime soon.
The typical security concerns around any new adaptation of technology are "heightened" with AI agents, "because you don't want rogue agents, and there could be thousands of them," JPMorgan Chase CEO Dimon said during an earnings call Tuesday. Unlike chatbots, which primarily answer questions, AI agents are designed to take action on behalf of a user and have increased in popularity after the introduction of Meta's personal AI assistant, Muse.
"If people are using them, they should understand the risk," Dimon said, saying there's a "liability transfer" away from the bank, as well as risks that their data is "misused."
The company is building its own agentic tools for clients, Dimon said, but for now, it plans to closely guard the bank from the onslaught of outside AI agents.
"In the meantime, we're not going to allow just any outside agent to come in inside the company because that's just too risky for clients and for JPMorgan," Dimon said.
The bank is already blocking access to "to the extent that we're able to block those," Jeremy Barnum, the bank's chief financial officer, said.
"I think right now, some of the services that offer that do it through credential sharing, and we have a long record of being against that way of doing things, screen scraping, et cetera," he said. "It's not secure."
If a customer gives an AI agent their credentials, they could be responsible for any unwanted actions the agent takes.
"It's not an ideal state of things," Barnum said.
JPMorgan has also tightened controls on AI agents used by its own employees. Business Insider previously reported that the bank rolled out new security measures for some engineers who use Anthropic's Claude, restricting AI's access to employees' internal systems.
Dimon and Barnum's comments were contrasted with concerns that AI agents could cause a bank run from low-yield into high-yield savings accounts, a theory raised by Apollo chief economist Torsten Sløk in late September.
Bank stocks, already declining following bond market turmoil, have fallen further since the launch of Meta's Muse on September 22, and Barnum said they saw "a little bit of a response in bank stocks around those releases."
Barnum suggested this concern is a continuation of two trends the bank has felt: "yield-seeking flows" and competition from fintechs.
As for yields in high-interest savings accounts, Barnum said the bank is focused on "primary bank share" rather than yield chasers. The bank's standard Chase Savings account earns a 0.01% annual percentage yield, while others in the market earn 4% (though it does offer higher-yield cash products to its private wealth clients).
And while Barnum said the bank works to "have parity" with fintech companies, he also thinks the bank's traditional brick-and-mortar footprint provides its own defense against encroachment.
"Our perspective is that, on the one hand, it's nothing new, but that doesn't mean that we're complacent about it," Barnum said about fintech competition.
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Alex is a reporter at Business Insider writing about how people, from billionaires to penny-pinchers, save, invest, and manage their money. He previously covered private credit and equity, real estate, and real estate technology for Business Insider.Recently, he's covered Steve Schwarzman's hidden family office, private capital's push into your retirement account, a massive Airbnb tax-break unlocked by President Trump, and the ex-McKinsey consultant connecting Zohran Mamdani to the business world. According to one Fortune 500 CEO, he's a "fringe reporter."Before joining Business Insider in 2019, he worked for Bridgewater Associates and Peloton. He is the interim vice-chair of the Insider Union.He welcomes any and all reachouts, prioritizes his source's safety, and has a long record of working with confidential sources to tell deeply reported, complicated stories. He loves to yap.Get in touch! Contact this reporter via encrypted messaging app Signal at @alexnicoll.01 using a non-work phone, email at [email protected] or [email protected], or Twitter DM at @nicollsanddimes.
ExxonMobil potřebuje k reinjektáži do ropných polí v Guyaně přibližně 2 mld. krychlových stop plynu denně, což může snížit kapacitu plánovaného projektu LNG ze 6 až na 3 miliony tun ročně.
ExxonMobil (XOM.N) has told Guyana it will need more offshore gas to maximize oil production than the government had expected, potentially leaving less for liquefied natural gas production and exports, two people close to the talks said.
Guyanese officials are now weighing whether to shrink a planned LNG project or skip exports altogether and use the gas for domestic power and petrochemical facilities only. It would deal a blow to the South American nation's ambitions to become a regional energy powerhouse as it continues to grow oil and gas output.
Guyana has been pushing a consortium led by Exxon, which controls all of the country's crude and gas production, to deliver as much gas as possible so that the nation can monetize its reserves, which rank among the largest in the region.
But the Exxon group, which also includes Chevron (CVX.N) and China's CNOOC (600938.SS), is forecasting it will need about 2 billion cubic feet per day (bcfd) of gas for reinjection into oilfields so it can meet crude output targets at its government-approved projects, the people said.
That required volume would constrain supplies for any gas export projects, including a floating LNG facility proposed by Fulcrum LNG, the US developer the government chose in 2024 to build and operate gas infrastructure in the country.
Instead of the 6 million metric tons per annum (mtpa) of capacity initially planned, the project may now have to start with up to 3 mtpa and expand later, the people said.
Exxon has been working to determine how much gas its fields can produce and supply, at what cost and on what timeline, one of the people said.
Guyana has been seeking greater clarity from Exxon on available gas supplies, Natural Resources Minister Vickram Bharrat told Reuters in an interview earlier this year. He declined to comment this week on the status of talks.
The government has yet to make a final decision on what it will do with the reduced amount of available gas, frustrating potential investors, the people said. Scaling back the LNG project is the most likely plan, they added.
President Irfaan Ali's administration is focused on getting a much-needed gas-fired power plant running soon, one of the people said. Other industrial projects are likely on the back burner for now, including a proposed bauxite-to-alumina refinery, fertilizer production and large data centers.
"We're working with the government of Guyana on development plans that maximize resource recovery and value to the country," an ExxonMobil spokesperson told Reuters on Monday.
Gas development in Guyana requires supply and demand to be developed at the same time, the spokesperson added.
Fulcrum did not respond to a request for comment.
With a base of almost 11 billion barrels of oil equivalent in recoverable resources and plans for up to eight offshore developments by 2030, Exxon's Stabroek block in Guyana is the crown jewel of its portfolio and a major engine of growth for the economy of Guyana, among Latin America's least developed countries.
The country has emerged as a notable oil and gas producer in recent years following the discovery of large offshore fields in the last decade.
Exxon's fifth floating output facility arrived in Guyana in August, which is expected to begin operations before year-end. In May, the group applied for government approval for Haimara, its ninth project in the country, which along with the eighth project, Longtail, is expected to develop non-associated gas and condensate.
JGP Wealth Management ve třetím čtvrtletí snížila svůj podíl ve společnosti PepsiCo o 14,2 % prodejem 5 092 akcií; nyní drží 30 759 akcií v hodnotě 3,898 mil. USD.
JGP Wealth Management LLC lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 14.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,759 shares of the company’s stock after selling 5,092 shares during the quarter. JGP Wealth Management LLC’s holdings in PepsiCo were worth $3,898,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Auto Owners Insurance Co boosted its position in PepsiCo by 14,857.8% during the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock worth $7,068,777,000 after purchasing an additional 48,923,629 shares during the period. Bank of America Corp DE bought a new position in shares of PepsiCo in the second quarter valued at approximately $2,755,509,000. Legal & General Group Plc bought a new position in shares of PepsiCo in the second quarter valued at approximately $1,200,274,000. Corient Private Wealth LP acquired a new stake in shares of PepsiCo in the second quarter worth $297,116,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of PepsiCo in the second quarter worth $487,558,000. Institutional investors and hedge funds own 73.07% of the company’s stock.
Insider Transactions at PepsiCo
In other news, EVP David Flavell sold 2,900 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total transaction of $404,666.00. Following the transaction, the executive vice president owned 74,825 shares in the company, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.
PepsiCo Stock Up 0.6%
Shares of PEP stock opened at $126.68 on Tuesday. PepsiCo, Inc. has a 12 month low of $123.47 and a 12 month high of $171.48. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 1.90. The firm has a market cap of $172.63 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 2.92 and a beta of 0.35. The stock has a 50 day moving average of $135.22 and a 200-day moving average of $142.83.
PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings data on Thursday, October 8th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.05. PepsiCo had a net margin of 11.09% and a return on equity of 53.08%. The business had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $24.95 billion. During the same quarter last year, the company posted $2.29 earnings per share. PepsiCo’s quarterly revenue was up 5.6% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.344-8.425 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.40 EPS for the current year.
PepsiCo Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th were given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is currently 74.37%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 target price on shares of PepsiCo in a research note on Thursday. Barclays dropped their target price on shares of PepsiCo from $133.00 to $126.00 and set an “equal weight” rating on the stock in a report on Monday. Wells Fargo & Company cut their target price on shares of PepsiCo from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, October 5th. Jefferies Financial Group restated a “hold” rating on shares of PepsiCo in a report on Thursday. Finally, Evercore lowered their price target on PepsiCo from $150.00 to $135.00 in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average target price of $145.50.
Get Our Latest Analysis on PEP
Key PepsiCo News
Here are the key news stories impacting PepsiCo this week:
Positive Sentiment: PepsiCo’s third-quarter revenue increased 5.6% year over year to approximately $25.3 billion, while adjusted EPS exceeded analyst expectations. The company also raised prices on some products, which could help offset inflation and cost pressures. PepsiCo Q3 revenue and outlook
Positive Sentiment: PepsiCo is expanding functional beverages, protein-rich snacks and zero-sugar products to capture demand for healthier and wellness-oriented offerings. Its Poppi acquisition is also being positioned as part of a soft-drink turnaround strategy. PepsiCo functional portfolio
Positive Sentiment: Some investors view PEP as inexpensive after its prolonged decline, citing a dividend yield near 4.7%, strong brands and potentially attractive long-term cash-flow value. PepsiCo also received an A+ profitability grade in one screening report. PepsiCo dividend valuation
Neutral Sentiment: PepsiCo raised roughly €999 million through euro-denominated senior notes. The financing improves liquidity but increases debt and interest obligations as the company faces pressure to improve margins. PepsiCo euro bond offering
Neutral Sentiment: CEO Ramon Laguarta said PepsiCo does not plan to separate its snacks and beverage businesses, maintaining the company’s integrated strategy despite activist investor pressure.
Negative Sentiment: Barclays lowered its PEP price target from $133 to $126 and assigned an “equal weight” rating, implying limited near-term upside. Goldman Sachs and other analysts also reduced their targets amid inflation, cost pressures and concerns about the earnings outlook. Goldman lowers PepsiCo target
Negative Sentiment: PepsiCo’s reduced forecast and ongoing pressure in North American beverages have weakened investor confidence. Cautious consumers, higher costs and the need to improve margins remain key risks.
Negative Sentiment: An Indian court refused relief in a labeling dispute involving Sting, preventing PepsiCo from labeling new bottles as an “energy drink,” creating a regulatory and branding headwind in that market. PepsiCo Sting labeling case
About PepsiCo
(Free Report)
PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company that develops, manufactures, markets and distributes a broad portfolio of snacks, drinks and convenient foods. Its beverage brands include Pepsi, Mountain Dew, Gatorade, 7UP in select markets, and bubly, while its food and snack brands include Lay’s, Doritos, Cheetos, Tostitos, Fritos, Quaker and Ruffles.
The company’s operations include beverage production and distribution, snack foods, convenient meals and nutrition-oriented products.
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PepsiCo (PEP +0.24%) has been a top dividend stock to own for decades. It's been growing its payout and offering investors some great value. But the business hasn't been in great shape of late, and recently it cut its guidance.
Its yield is fairly high at around 4.7%, as the stock has fallen by more than 15% in the past 12 months. With the company facing some greater adversity these days, can investors still depend on its dividend for the long haul, or is it in danger of being cut?
Image source: Getty Images.
The company is facing challengesPepsiCo's business has been growing this year, but it has been at a fairly modest rate. Revenue in its most recent quarter, which ended on Sept. 5, totaled $25.3 billion and was up nearly 6% year over year. But organically, its top line grew by just 3%. Its core earnings per share (EPS) also only rose by a modest 2%.
The company was previously expecting between 5% to 7% growth in core EPS for the full year, but has now reduced that to a range of 2.5% to 3.5%.
With the business making investments into its operations to improve performance and strengthen its future growth, that can adversely impact cash flow, which in turn, may put pressure on the company's dividend.
PepsiCo raised its dividend again this yearIn May, PepsiCo announced a 4% increase to its dividend, boosting it to $1.48 per share each quarter, or $5.92 over the course of a full year. Currently, its payout ratio is at around 70%, which is a healthy rate, suggesting that not only is the dividend safe, but there is room for more increases in the future, even if its growth rate is modest.
PepsiCo is a Dividend King, as it has raised its dividend for 54 consecutive years. While that kind of track record does suggest safety, past performance is not a predictor of the future, and things can change. The good news for investors is that even amid adversity, the dividend still looks safe right now.
Premium Feature
Moneyball Superscore
71/100
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0.31
Current Price
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126.99
Is PepsiCo stock a bargain buy right now?As a result of the decline in its share price, investors can buy PepsiCo's stock at a discount right now. It's currently trading at a forward price-to-earnings multiple of just under 15, which is based on analyst expectations of how it will do in the year ahead. That's far below the S&P 500 average of 20.
For income investors, this can be a potentially underrated dividend stock to buy right now, with PepsiCo having a tremendous track record for dividend growth. Its business is facing challenges, but it is still growing. As a long-term investment, PepsiCo could make for a good buy today.
Kimberly-Clark v roce 2025 vyplatila na dividendách 1,66 mld. USD, což představovalo 101 % jejího volného peněžního toku, zatímco plánuje akvizici Kenvue za zhruba 48,7 mld. USD.
Kimberly-Clark has raised its dividend for over five decades, but a looming $48 billion acquisition and razor-thin cash flow coverage are putting that streak under pressure most income investors haven't noticed yet.
Kimberly-Clark (NASDAQ:KMB | KMB Price Prediction) paid its third straight $1.28 quarterly dividend on October 2, 2026. The company says the raise behind that check extended its run to 54 consecutive years of increases. The payout records support that claim as far back as they go. The quarterly rate has gone up every year since 1999, climbing from $0.26 to $1.28. Retirees who own the stock need to know whether there is still enough cash behind the check.
Free Cash Flow Barely Covers the Payout
At $97.91, the $5.12 forward dividend works out to a yield of roughly 5.2%. The coverage is lower than that yield suggests. In 2025, operating cash flow fell to $2.777 billion and capex rose to $1.138 billion, which left free cash flow at $1.639 billion. Dividends cost $1.660 billion, or about 101% of free cash flow.
The first half of 2026 was a little better. Free cash flow came to $877 million, and dividends used up about 96% of it. Against adjusted 2025 EPS of $7.53, the payout ratio is about 68%. Against trailing GAAP EPS of $5.07, it rises to about 101%.
Pending Acquisition Arrives With Little Balance Sheet Cushion
Kimberly-Clark carries total liabilities of $16.680 billion against shareholders’ equity of only $1.874 billion. The company has been protecting the dividend by cutting buybacks. Repurchases dropped to $141 million in 2025 from $1 billion in 2024. On top of that is the roughly $48.7 billion purchase of Kenvue (NYSE:KVUE). Chief Executive Mike Hsu sounds confident:
“Our pending acquisition of Kenvue remains on track to close by the end of this year. In sum, our vision for a new kind of health and wellness company, reimagined care for billions of people around the world, and lasting value for shareholders is becoming clearer by the day.”
On the August call, management added: “The closer we look at this thing, the better it gets.”
Pricing Power Is Being Tested
Second-quarter adjusted EPS of $2.12 came in above the $2.006 consensus. Revenue of $4.189 billion missed expectations, though. Part of the margin story was temporary: a $45 million tariff refund helped lift gross margin to 38.8%. Category growth in North America slowed from 3.7% to 1.9%. Management also expects about $150 million in second-half input-cost pressures and only low single digit price increases.
“Our team is executing with agility and addressing discrete headwinds that will moderate our growth and earnings potential in 2026.”
Guidance now calls for adjusted EPS attributable to Kimberly-Clark to show a low-single-digit decline in constant currency.
How the Peers Compare
Company
Dividend Yield
Trailing P/E
Beta
Kimberly-Clark
5.21%
19x
0.275
Procter & Gamble (NYSE:PG)
2.82%
23x
0.377
Colgate-Palmolive (NYSE:CL)
2.37%
35x
0.322
Procter & Gamble pays out about 64% of trailing earnings. Colgate-Palmolive pays out about 82%. Kimberly-Clark’s higher yield likely reflects, in part, its thinner coverage.
Verdict: The Dividend Holds, With Less Room for Error
The dividend looks secure so far. The company sells essential products, has delivered 10 consecutive quarters of volume-plus-mix growth, and has five decades of raises at stake. Management has strong incentive to protect the streak, and increases may stay small while Kenvue is being integrated. Free cash flow covering the payout only about one to one means Kimberly-Clark has thinner coverage than its peers. Procter & Gamble has the widest margin of the three. Income investors who own Kimberly-Clark are collecting a reliable 5% yield that comes with more risk than the stock’s reputation suggests (we ranked ten of the longest-running Dividend Kings by valuation in a free report you can grab here).
Contact [email protected] for any questions or corrections.
Očekává se, že M&T Bank ve třetím čtvrtletí vykáže zisk na akcii ve výši 4,98 USD, což představuje meziroční nárůst o 2,3 %, podpořený 2,5% růstem čistého úrokového výnosu na 1,81 mld. USD.
Key Takeaways M&T Bank's Q3 earnings are expected to rise 2.3% y/y to $4.98 per share.MTB's net interest income is projected to grow 2.5% to $1.81 billion, supported by lending activity.Higher expenses, declining mortgage revenues, and increased loan-loss reserves may weigh on results. M&T Bank Corporation (MTB - Free Report) is slated to report third-quarter 2026 results on Oct. 16, before the opening bell. The company is expected to have registered year-over-year increases in quarterly revenues and earnings.
In the last reported quarter, the company’s results were supported by higher net interest income (NII) and non-interest income, along with loan growth. However, higher expenses acted as a headwind.
The company has an impressive earnings surprise history. Its earnings surpassed estimates in the trailing four quarters, with an average surprise of 8.95%.
Factors to Influence M&T Bank’s Q3 ResultsLoans & NII: Following solid lending activity in the first half of 2026, loan growth momentum likely moderated in the to-be-reported quarter. Per the Fed’s latest data, commercial and industrial loan demand remained healthy in the third quarter, while consumer and real estate lending stayed steady. This is likely to have supported M&T Bank’s lending activity and growth in average interest-earning assets in the to-be-reported period.
The Zacks Consensus Estimate for average interest-earning assets is pegged at $197.2 billion, indicating a year-over-year rise of 3.3%.
In September 2026, the Federal Reserve raised interest rates by 25 basis points to 3.75-4.00%, citing persistently elevated inflation. As interest rates remained unchanged for most of the quarter, the recent hike is less likely to have a significant impact on MTB’s NII and margin in the third quarter of 2026.
The Zacks Consensus Estimate for NII is pegged at $1.81 billion, indicating an increase of 2.5% from the year-ago reported number.
Fee Income: MTB’s average total deposits are expected to have declined in the third quarter of 2026. This is expected to have adversely impacted revenues from service charges on deposit accounts.
The Zacks Consensus Estimate for the metric is pegged at $108.8 million, indicating a 22.8% decline from the year-ago quarter’s reported figure.
The third quarter was challenging for the mortgage banking business as mortgage rates hovered around 7% and affordability was low. Both origination volume and refinance activity faced persistent headwinds from inventory constraints and a higher-for-longer rate regime. As a result, M&T Bank's mortgage banking revenues are likely to have witnessed a decline in the quarter to be reported.
The Zacks Consensus Estimate for mortgage banking revenues is pegged at $145 million, indicating a 1.4% decline from the year-ago quarter’s reported level.
The consensus estimate for brokerage services income of $42 million implies a 3% increase from that reported in the third quarter of 2026.
The Zacks Consensus Estimate for trust income of $190.3 million suggests a 23.5% rise from the year-ago quarter’s actual.
The Zacks Consensus Estimate for total non-interest income is pegged at $714.5 million, indicating a decline of 4.9% from the year-ago quarter's reported figure.
Expenses: Despite ongoing cost-control initiatives, the company’s expenses are expected to have been elevated in the third quarter of 2026, reflecting continued investments in strengthening its franchise.
Asset quality: After setting aside a decent amount for potential loan losses in the first half of 2026, M&T Bank is likely to have increased reserve building in the to-be-reported quarter, as the recent Fed rate hike and expectations of another hike later this year could weigh on borrowers’ repayment capacity.
What Our Quantitative Model Predicts for MTBOur proven model predicts an earnings beat for M&T Bank this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is exactly the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for M&T Bank is +0.73%.
Zacks Rank: M&T Bank currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for MTB’s third-quarter earnings has been revised downward to $4.98 per share over the past seven days. The figure indicates an increase of 2.3% from the year-ago quarter’s actual.
The consensus estimate for revenues is pegged at $2.54 billion, implying a rise of 1% from the year-ago reported level.
Other Stocks That Warrant a LookHere are a couple of other bank stocks that you may want to consider, as our model shows that these, too, have the right combination of elements to post an earnings beat this time:
The PNC Financial Services Group (PNC - Free Report) is scheduled to announce third-quarter 2026 results on Oct. 15. The company has a Zacks Rank #3 and an Earnings ESP of +0.80% at present.
Quarterly earnings estimates for PNC Financial have been revised lower to $4.97 over the past week.
The Earnings ESP for Prosperity Bancshares (PB - Free Report) is +0.22% and it carries a Zacks Rank #3 at present. The company is slated to report third-quarter 2026 results on Oct. 28.
Over the past seven days, the Zacks Consensus Estimate for PB’s quarterly earnings has been revised lower to $1.63 per share.
SSR Mining (SSRM -6.31%) stock tumbled 7.8% through 12:55 p.m. ET Tuesday after announcing its next big purchase of a rival gold-mining concern:
It's buying Canadian gold miner Roxmore Resources for $464 million, paid all in cash.
Image source: Getty Images.
There's gold in them thar hills!SSR Mining explains its reasons for the acquisition thusly:
Roxmore owns a "multi-million ounce" Converse Project just three-and-a-half miles from SSR's own Marigold Complex in Nevada. Buying Roxmore will enable SSR to operate the two mines as one single, "contiguous asset," reducing the combined costs of operation by as much as $200 million annually, and adding 150,000 to 170,000 ounces to SSR's annual gold production.
By 2033, the company thinks this acquisition could help it produce 400,000 total ounces annually -- and up to 450,000 in peak years.
Needless to say, SSR expects this to be "highly accretive" to its profits.
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What's next for SSR Mining stockBefore that can happen, though, SSR must complete its acquisition. Management says it's offering C$6.75 per Roxmore common share (about $4.75, U.S.). It then plans to spin off most Roxmore assets other than Converse, retaining only a 15% interest in the company's Rattlesnake Hills Project, Shabu River Project, and Newton Property.
Further down the line -- but not before the early 2030s -- SSR notes it will need to invest about $800 million to $900 million to bring Converse production online. But until then, capital expenditures on Converse should be minimal.
Long story short, this is a rather complex transaction (which may confuse some investors). It adds to SSR's assets, drains its cash reserves a bit, but won't immediately affect revenue, earnings, or free cash flow. I think it's probably a plus for SSR stock -- but that may not become evident for some time.
Intuitive Surgical předložila FDA žádost o povolení 510(k) pro flexibilní robotický endoskop určený pro gastrointestinální trakt. Platforma je v rané fázi a v dohledné době by neměla generovat tržby.
Key Takeaways Intuitive Surgical submitted a next-generation flexible robotic endoscope to the FDA for 510(k) clearance.The GI platform draws on da Vinci and Ion expertise, but remains noncommercial and at an early stage.Regulatory progress, clinical evidence and physician adoption will determine the platform's growth potential. Intuitive Surgical (ISRG - Free Report) is exploring a new growth avenue in gastrointestinal (GI) care, extending its robotic-assisted technology beyond core soft-tissue surgery and lung diagnostics. On its second-quarter 2026 earnings call, management disclosed that the company had submitted a next-generation flexible robotic endoscope system to the FDA for 510(k) clearance. Designed for placement in the GI tract, the initiative remains in the early stages of development and is not expected to generate revenues in the near term.
The proposed platform reflects Intuitive Surgical’s strategy of applying its robotics expertise to additional disease areas. CEO David Rosa said the company is combining learnings from its da Vinci surgical systems and Ion lung biopsy platform to inform its GI development efforts.
Ion’s commercialization experience is particularly relevant because it demonstrates Intuitive Surgical’s ability to expand beyond traditional soft-tissue surgery into another clinical application. Management has also engaged with GI physicians and care teams to identify areas where robotics could improve therapeutic outcomes and care-team experiences.
The potential market opportunity could be meaningful if the platform progresses successfully through regulatory review and clinical development. Management emphasized that the initiative remains early, with clinical evidence generation and regulatory review still ahead.
For investors, the GI platform represents long-term growth prospects rather than a near-term earnings catalyst. Successful development could allow Intuitive Surgical to extend its established technology, clinical expertise and commercial infrastructure into a new treatment area. The company continues to invest in robotics, instrumentation, imaging and other technologies to reach more patients across additional disease states.
Ultimately, the GI opportunity will depend on regulatory progress, clinical value and physician adoption. While the financial potential remains unquantified, the initiative illustrates how Intuitive Surgical is seeking to broaden its addressable market beyond its existing surgical and lung-diagnostic platforms.
Peer UpdatesStereotaxis (STXS - Free Report) is expanding its market opportunity through innovations spanning robotic navigation, proprietary catheters and digital operating-room solutions. The U.S. launch of MAGiC, following its FDA approval in January, is strengthening Stereotaxis’ electrophysiology offering. Robotic catheter revenues increased nearly 300% sequentially as early adoption progressed.
FDA-cleared Synchrony introduces workflow enhancements, remote connectivity and AI capabilities, with potential applications in non-robotic operating rooms. Meanwhile, GenesisX aims to reduce installation barriers by supporting compatibility with standard X-ray systems. Over the longer term, innovations targeting interventional cardiology, neurointervention and automated stroke treatment could expand Stereotaxis’ addressable market beyond its existing electrophysiology business.
Globus Medical (GMED - Free Report) is using product innovation to strengthen its competitive position across spine, trauma and enabling technologies. The company launched three products during the second quarter, including RELINE ONE, designed to simplify screw placement, and two trauma solutions addressing fixation and surgical workflow. Its FDA-cleared SCRIPT patient-specific spacers and rods could further differentiate Globus Medical by integrating customized implants with Excelsius navigation and planning technology.
Management also highlighted more than 60 development projects and investments in data analytics and AI to improve patient selection and surgical execution. Combined with an expanded sales force, these innovations could deepen market penetration and create opportunities for Globus Medical across additional unmet clinical needs.
ISRG’s Price Performance, Valuation and EstimatesShares of ISRG have lost 24.5% so far this year compared with a 5.7% decline of the industry.
Image Source: Zacks Investment Research
From a valuation standpoint, Intuitive Surgical trades at a forward price-to-earnings ratio of 36.53, above the industry average. But it is significantly lower than its five-year median of 67.32. ISRG carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Intuitive Surgical’s 2026 earnings implies a 20.3% rise from the year-ago period’s level.
Image Source: Zacks Investment Research
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways AMC shares rose 20% in a month as stronger attendance and operating improvement supported momentum.AMC plans 150-250 premium and extra-large auditoriums, largely using third-party capital.AMC expects refinancing and lower rates to reduce annual interest expense and ease its cash-flow breakeven.
Shares of AMC Entertainment Holdings, Inc. (AMC - Free Report) have rallied 20% in the past month compared with the Zacks Leisure and Recreation Services industry’s 1% growth. The stock outperformed other industry players, including Cinemark Holdings, Inc. (CNK - Free Report) and The Marcus Corporation (MCS - Free Report) .
AMC is benefiting from stronger moviegoing demand, higher spending per patron and effective cost controls. Its improving operating performance and anticipated interest savings have likely supported investor sentiment.
AMC One-Month Price Performance
Image Source: Zacks Investment Research
With AMC expecting 2026 to mark the strongest post-pandemic year for domestic and global box office, its growth initiatives warrant closer attention. Do these opportunities provide a compelling case for buying after the rally? Let’s analyze.
Theatrical Outlook and Cost Management Support AMC’s StrategyAMC gained market share in the second quarter of 2026. U.S. admissions revenues increased 11.4% year over year, exceeding domestic industry box-office growth of 10.7%. European attendance rose 17.9%, approximately 170 basis points ahead of the relevant industry’s attendance growth. Worldwide attendance increased 13.5% to more than 71 million guests, and revenues grew 14.2% to approximately $1.6 billion.
The company’s operating priorities include increasing market share, growing profit per guest and controlling costs, with a focus on increasing revenues faster than expenses. Portfolio optimization complements these efforts through selective theater openings, closures of underperforming locations and more attractive lease terms at renewal.
Premium Screens and Theater Upgrades Remain Investment PrioritiesAMC’s premium offerings include IMAX, Dolby Cinema, Prime, iSense and XL auditoriums. These formats command higher ticket prices and typically attract reservations first. U.S. IMAX and Dolby Cinema auditoriums generally carry ticket-price premiums of approximately $6-$7 over traditional auditoriums, while XL screens command premiums of roughly 10%.
AMC identified an opportunity to add approximately 150-250 premium and extra-large auditoriums over the next two to four years, largely using third-party capital. Landlords and technology partners provide co-funding for theater investments.
Seating upgrades complement this expansion. AMC’s Club Rocker seats offer greater comfort than the seats they replace, cost less to install than full recliners and preserve more seating capacity. In Europe, ODEON Luxe conversions and seating improvements provide additional investment opportunities. Capital allocation across both regions prioritizes projects with attractive expected returns.
Loyalty and Subscription Programs Encourage MoviegoingAMC’s loyalty and subscription programs provide an established base for targeted marketing and customer engagement. More than 40 million U.S. households have participated in AMC Stubs, whose members represented slightly more than half of domestic attendance in the second quarter.
A-List membership exceeded 1.1 million at quarter-end, with subscribers accounting for approximately 20% of U.S. patronage. Customer viewing histories help AMC tailor promotions, while subscription benefits encourage visits to films beyond major blockbusters and create additional food and beverage sales opportunities.
Movie-Themed Merchandise Broadens Revenue OpportunitiesAMC expects global movie-themed merchandise revenues to exceed $100 million in 2026 across its U.S. and European theaters. Collectible popcorn containers and other film-related products have expanded its offerings beyond traditional concessions.
The company identified movie-themed popcorn containers as a contributor to higher food and beverage revenue per guest. Alongside premium-format attendance, these offerings allow AMC to increase guest spending without necessarily raising prices.
Lower Interest Expenses Support AMC’s Financial FlexibilityAMC refinanced $400 million of debt due in 2027, extending its maturity by four years, and eliminated approximately $155.8 million of exchangeable debt through conversion into equity. Following the announced refinancing and repayment actions, the company did not anticipate material debt principal payments before 2029 and expected annual cash interest savings of approximately $16 million.
Separately, the improvement in leverage was expected to trigger lower interest rates on approximately 75% of AMC’s debt, reducing annual interest expense by approximately $51 million. These anticipated savings would lower the company’s free cash flow breakeven threshold.
AMC’s Valuation and Competitive LandscapeFrom a valuation standpoint, AMC trades at a forward 12-month price-to-sales ratio of 0.47, substantially below the industry average of 2.62. The stock also trades at a discount to Cinemark, which carries a forward sales multiple of approximately 1.17, while MCS trades at approximately 1.02.
Image Source: Zacks Investment Research
Theater operators are expanding premium experiences and merchandise offerings to capture more guest spending. Cinemark is pursuing premium-format expansion, strategic pricing and merchandise growth, supported by refined product assortments, allocation and inventory management. Marcus pairs its proprietary UltraScreen and SuperScreen formats with value pricing and subscription programs. Its hospitality business adds exposure to group and leisure demand, while lower capital expenditures following hotel reinvestment are expected to support stronger free cash flow in 2026.
AMC’s lower forward sales multiple provides a relative valuation distinction, while continued operating improvement and sustained cash generation remain central to evaluating the investment opportunity.
Should You Invest in AMC Stock Now?AMC’s improving operating performance, premium-screen expansion and anticipated interest savings underpin a constructive investment outlook. Its discounted forward sales valuation provides additional appeal following the recent rally, while loyalty engagement supports repeat visits and merchandise growth creates additional spending opportunities. These factors, together with its Zacks Rank #2 (Buy), support a favorable view of AMC stock at current levels.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Eli Lilly trades at a premium multiple, yet its revenue growth dwarfs every major pharma peer by a wide margin. Whether that gap justifies buying shares near all-time highs depends on one critical assumption about Lilly's pipeline.
Our 24/7 Wall St. price target for Eli Lilly (NYSE:LLY | LLY Price Prediction) is $1,378.50. That points to 17.83% upside from the current $1,169.93. Our model rates the stock a buy, with high confidence.
24/7 Wall St. Price Target Summary Metric Value Current Price $1,169.93 Price Target from 24/7 Wall St. $1,378.50 Upside/Downside 17.83% Recommendation BUY Confidence Level 90% Lilly trades at 24x forward earnings while revenue grew 47.7% year over year last quarter. For a stock with a trillion-dollar market cap, that multiple looks modest against the growth. Management has raised 2026 revenue guidance twice, to $85B-$87B, and plans to submit retatrutide in Q1 2027.
Lilly Climbs Back Toward Its Highs After Another Guidance Raise Shares are up 1.81% over the past week, 4.16% over the past month, 9.46% year to date and 39.3% over the past year. The stock sits about 9.5% below its 52-week high of $1,292.65 and 50.2% off its low of $778.94.
Q2 revenue reached $22.97B, ahead of the $20.69B estimate. EPS of $8.38 beat the $6.58 consensus. Mounjaro brought in $9.94B (+91%) and Zepbound $4.93B (+46%).
Since the report, the FDA has approved the once-weekly insulin Onswik and expanded Jaypirca’s label into previously untreated CLL. Lilly has also broken ground on a Houston plant, one of ten U.S. manufacturing sites announced since 2020.
Why Bulls See $1,437 and Beyond Lilly’s pipeline goes well past Mounjaro and Zepbound. In Q2, Foundayo prescribers grew from about 8,000 to 36,000. Medicare’s GLP-1 Bridge Program now covers 20 million eligible Americans at $50 per month.
Analysts expect 2027 EPS of $47.5925, and the high estimate reaches $54.94. The consensus target is $1,330.25, supported by 6 Strong Buy ratings plus 19 Buy ratings. In our bull scenario, the stock reaches $1,437.
Pricing Pressure Is the Risk Worth Watching Lilly’s U.S. price fell 9% in Q2 when rebate estimate adjustments are excluded. Management says rising volume will more than offset lower prices, calling the decline “very much embedded in our guide.” Acquired IPR&D charges of $3.03 per share also cut into Q2 EPS.
Those charges came from one-time deals that added to the pipeline. Retatrutide’s filing pathway still faces litigation over how the drug is classified. Analysts include 1 Sell and 1 Strong Sell rating. The bear case is $1,175.26.
How Lilly Compares to Novo Nordisk and AbbVie Novo Nordisk (NYSE:NVO) is Lilly’s direct GLP-1 rival. The stock trades at 12x forward earnings, but its revenue grew just 2.1% last quarter, and earnings declined 20.6%.
AbbVie (NYSE:ABBV) is a large pharma name with a strong immunology franchise. The shares trade at 16x forward earnings on 10.2% revenue growth.
Company Forward P/E Quarterly Revenue Growth YoY Eli Lilly 24x 47.7% Novo Nordisk 12x 2.1% AbbVie 16x 10.2% Lilly’s premium multiple comes with several times the revenue growth of either peer. Against that background, the 24/7 Wall St. price target looks reasonable.
Growth Outruns the Multiple, So Lilly Rates a Buy Our 24/7 Wall St. price target of $1,378.50 carries a buy rating with 90% confidence. What tips the scale for me is earnings momentum.
The case gets stronger if Foundayo keeps gaining share and retatrutide is filed on schedule. It weakens if price cuts start to outpace volume growth. On the current data, I think Lilly’s valuation understates its growth.
Here is where our model projects Lilly could trade at each year-end if current growth trends and market conditions hold.
Year Price Target from 24/7 Wall St. 2026 $1,221.61 2027 $1,417.01 2028 $1,596.31 2029 $1,747.66 2030 $1,853.50 The projections rest on Lilly continuing to execute its current strategy. Retatrutide’s approval, or deeper GLP-1 price cuts, could move the stock well above or below these figures.
Contact [email protected] for any questions or corrections.
Americké portfolio Beyond Beer společnosti AB InBev zvýšilo ve 2. čtvrtletí 2026 tržby o zhruba 75 %, taženo poptávkou po hotových alkoholických nápojích.
Key Takeaways BUD's U.S. Beyond Beer portfolio posted mid-70% revenue growth in Q2 2026, driven by strong RTD demand.Cutwater delivered revenue growth, becoming the No. 1 market share gainer in the U.S. spirits industry.BUD is leveraging NUTRL, BeatBox and distribution strength to expand its RTD reach amid rising competition. Anheuser-Busch InBev SA/NV (BUD - Free Report) , popularly known as AB InBev, is gaining momentum in the U.S. Beyond Beer category, supported by strong consumer demand, portfolio innovation and continued investments in high-growth beverage segments. In second-quarter 2026, the company's U.S. Beyond Beer portfolio delivered revenue growth in the mid-70% range, reflecting its expanding presence beyond traditional beer. The performance highlights BUD's efforts to diversify its product offerings and capture evolving consumer preferences, particularly in the rapidly growing ready-to-drink (RTD) spirits category.
A major contributor to this momentum has been Cutwater, which recorded triple-digit revenue growth during the quarter. The brand emerged as the No. 1 market share gainer across the U.S. spirits industry, reflecting strong consumer acceptance and effective market execution. AB InBev continues to expand Cutwater's product variety to address different consumption occasions and strengthen its competitive position. Alongside Cutwater, the company is leveraging its NUTRL portfolio and the recently acquired BeatBox business to broaden its exposure to the RTD category and reach a wider consumer base.
BUD's established brand-building capabilities, extensive distribution network and investments in production capacity are supporting its Beyond Beer expansion. Management emphasized that the company faces no significant supply constraints in the RTD segment, providing room to expand distribution and improve sales productivity. AB InBev also sees meaningful opportunities to increase its presence across markets as demand develops. Beyond the United States, the company expanded the availability of Flying Fish into eight markets during the first half of 2026, underscoring its strategy to scale Beyond Beer brands internationally and diversify its revenue streams.
Looking ahead, BUD's Beyond Beer business appears well-positioned to benefit from changing drinking preferences and growing consumer interest in convenient, differentiated alcoholic beverages. Its ability to combine product innovation, brand investments and distribution strength could support further market share gains and incremental revenue growth. However, intensifying competition from established spirits producers and emerging RTD brands remains an important factor to monitor. Sustaining the current momentum will depend on continued innovation, effective execution and the company's ability to translate rising consumer demand into profitable long-term growth.
BUD’s Price Performance, Valuation & EstimatesAB InBev’s shares have gained 30% in the past year compared with the industry’s 15.3% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, BUD trades at a forward price-to-earnings ratio of 16.37X compared with the industry’s average of 14.53X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for BUD’s 2026 and 2027 earnings per share (EPS) indicates year-over-year growth of 17.4% and 11.8%, respectively. The company’s EPS estimates for 2026 and 2027 have remained stable in the past seven days.
Image Source: Zacks Investment Research
AB InBev stock currently carries a Zacks Rank #3 (Hold).
Stocks to ConsiderDiageo Plc (DEO - Free Report) is a global beverage alcohol company that produces, distills, brews, bottles, packages and distributes spirits, wine and beer. DEO currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for DEO’s fiscal 2027 sales implies a decline of 3.1%, while the same for earnings suggests 2.1% growth from the previous year’s reported numbers.
The Coca-Cola Company (KO - Free Report) is the world's largest non-alcoholic beverage company, marketing a broad portfolio of sparkling soft drinks, water, juice, coffee, tea and sports beverages. It currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Coca-Cola’s 2026 sales and earnings indicates growth of 4% and 10%, respectively, from the prior-year reported levels. KO delivered a trailing four-quarter earnings surprise of 4.6%, on average.
Ambev S.A. (ABEV - Free Report) engages in the production, distribution and sale of beer, draft beer, soft drinks, malt and food, and other beverages. ABEV currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for ABEV’s current fiscal-year sales and earnings indicates growth of 14.6% and 16.7%, respectively.
Společnost Decagon, která byla naposledy oceněna na 4,5 miliardy USD, v rané fázi jednala se společností ServiceNow a dalšími firmami o možném převzetí.
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Lisbon , Portugal - 12 November 2025; Jesse Zhang, Co-founder & CEO, Decagon AI on Centre Stage during day two of Web Summit 2025 at the MEO Arena in Lisbon, Portugal. (Photo By Shauna Clinton/Sportsfile for Web Summit via Getty Images) Shauna Clinton/Sportsfile for Web Summit via Getty Images Buzzy AI agent startup Decagon could be the latest company swept up in a growing wave of AI dealmaking.
The company, which was last valued at $4.5 billion earlier this year, has hired a bank to evaluate acquisition interest, according to people familiar with the matter.
Decagon has held early discussions with cloud software giant ServiceNow and additional companies, the people said. If a deal does not materialize, Decagon could instead raise a new funding round.
The interest in Decagon represents a new shift in the AI boom: after years of huge venture rounds and soaring valuations, tech companies are increasingly looking to buy their way into promising AI markets. Hugging Face was recently acquired by Nvidia for 12.9 billion, and OpenRouter was snapped up by Stripe for around $8 billion.
Growing AI-related businesses are often getting offers at a significant premium to their last valuation, so if Decagon were to accept an offer, it could be considerably higher than its previous $4.5 billion value.
Founded in July 2023 by Jesse Zhang and Ashwin Sreenivas, Decagon uses generative AI to automate customer support for enterprise customers, including Delta, Snapchat, and Ticketmaster. The company has raised over $400 million from a roster of well-known Silicon Valley investors, including Andreessen Horowitz, Index Ventures, Bain Capital Ventures, and Accel. It competes with industry veteran Bret Taylor's Sierra, which was valued at $15.8 billion earlier this year.
A deal would also come as ServiceNow looks to reassure investors that it can adapt to AI’s threat to traditional software businesses. Its shares tumbled earlier this year during the so-called SaaS-pocalypse, when investors feared AI could erode software companies’ profit margins.
It was also punished for making a $7 billion acquisition of the security business Armis, a deal announced late last year. The stock has since rebounded as ServiceNow continues to invest heavily in AI and reshape parts of its business.
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Katie is Editor at Large for Business Insider and also a Global Reporter for the Axel Springer Global Reporters Network, working with sister publications including Politico and The Telegraph. She has been a frequent television commentator and on-stage moderator. She is an LA Press Club award winner for her reporting on SpaceX and has broken more than 1,000 stories, which also earned her the TBPN accolade "scoop athlete of the century."
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BNP Paribas zvýšila cílovou cenu akcií ServiceNow o 14 % na 160 USD a ponechala doporučení „Outperform“. Očekává zrychlení růstu tržeb díky AI, bezpečnosti a produktům založeným na jednotlivých případech použití.
ServiceNow Inc. (NYSE:NOW) could see revenue growth accelerate into fiscal 2027 as its core business stabilizes and AI, security and usage-based products become larger contributors.
BNP Paribas analyst Stefan Slowinski raised his price forecast on ServiceNow by 14% to $160 from a prior level implied by the increase, representing 14% upside from the Oct. 8 price of $139.80. He maintains an Outperform rating.
ServiceNow Subscription Growth Could AccelerateSlowinski said ServiceNow’s current remaining contract value and subscription revenue growth have stabilized, with potential for faster growth ahead.
The company’s raised fiscal 2026 guidance implies organic subscription growth of about 19% through year-end. BNP Paribas also estimates underlying current remaining performance obligation growth at roughly 19%.
Slowinski expects softer U.S. federal comparisons in the third and fourth quarters, improving federal demand and rising AI revenue to support growth.
He estimates AI revenue could represent about 9% of group annual recurring revenue by year-end.
For fiscal 2027, BNP Paribas models subscription revenue growth 120 basis points above consensus and expects about 90 basis points of acceleration through the year.
Security Emerges As A Bigger Growth DriverSlowinski also sees cybersecurity becoming a more important part of ServiceNow’s business.
He estimates the company’s Security and Risk operations could generate about $1.5 billion in annual contract value, equal to roughly 10% of group ACV, while growing 30%-40%.
He expects the broader security business to become an organic growth driver by mid-fiscal 2027, with Armis contributing organically starting in the second quarter of 2027.
CEO Bill McDermott has said Risk and Security could become ServiceNow’s largest business by the early 2030s, surpassing Technology Workflows.
Slowinski estimates the security business could account for about 10% of revenue in 2027.
Valuation Supports Higher ForecastBNP Paribas values ServiceNow using a 75/25 weighting between fiscal 2028 enterprise value-to-sales of 8 times and enterprise value-to-EBITA of 21 times, discounted back to the present.
Slowinski said the ex-security business trades at about 5.8 times enterprise value-to-sales.
He now views ServiceNow as one of BNP Paribas’ top sector picks, citing improving growth prospects, AI monetization, security expansion and continued margin improvement.
ServiceNow Price ActionNOW Price Action: ServiceNow shares were up 1.72% at $142.74 at the time of publication on Tuesday, according to Benzinga Pro data.
Shares of AGNC Investment (AGNC -1.44%) have tumbled amid a surge in the 10-year Treasury yield, which recently hit a 24-year high. The mortgage REIT is currently down nearly 30% from its 52-week high. That has driven up its dividend yield from about 12% to around 16.5% recently.
Here's a look at how much dividend income you'd collect each month if you invested $10,000 at its current yield.
Image source: The Motley Fool.
A lucrative monthly income stream (but there's a catch)AGNC Investment recently traded at around $8.75 per share. A $10,000 investment would buy you almost 1,143 shares at that price. The mortgage REIT currently pays a monthly dividend of $0.12 per share. At that rate, you'd collect $137.16 of dividend income each month, or $1,645.92 each year.
That's a lot more income than if you bought shares at its 52-week high of $12.19. At that price, a $10,000 investment would have only purchased 820 shares. That investment would generate about $98.40 of dividend income each month or $1,180.80 each year, 28% less than you'd collect from the same investment today.
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These examples showcase one of the risks of investing in AGNC. Its stock typically declines when rates rise, as investors demand higher compensation for its higher risk profile relative to lower-risk investments like the 10-year Treasury. That volatility isn't the only risk. Unlike a 10-year Treasury that pays a fixed rate each year, AGNC's dividend payment isn't fixed. The REIT has cut its dividend several times, most recently in 2020 (from $0.16 per share each month to the current $0.12 monthly rate). Despite the volatility and dividend cuts, AGNC's dividend income has more than offset the decline in its stock price over the years.
AGNC Investment currently offers a much higher dividend yield than it has over the past year. However, that's not a guaranteed income stream. Its stock can also be volatile, as we've seen in the past year. As a result, investors need to have a very high risk tolerance before buying AGNC for income.
Matt DiLallo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Jupiter zahájil uplatňování nároku na odměny ASR za 3. čtvrtletí v celkovém objemu 50 milionů JUP. Odměny jsou vypláceny přímo ve stakované podobě JUP.
Jupiter has opened claims for its third-quarter Active Staking Rewards, and the pot is not small: 50 million JUP tokens are up for grabs.
The Solana-based DeFi aggregator began the claim process on or around October 13, 2026. The round covers the July through September 2026 staking period.
How the Q3 rewards work
Jupiter’s Active Staking Rewards program, known as ASR, runs on a quarterly cycle. Each round hands out tokens to people who stake JUP and stay engaged, rather than those who simply hold it in a wallet.
Rewards are calculated using a time-weighted average stake. Someone who staked a large amount on the final day doesn’t get credit for the full three months.
The payout lands in staked JUP, not liquid tokens. When users claim, the rewards go straight into their existing staked balance.
To qualify in recent quarters, stakers needed to hold an average of at least 50 JUP over the staking period.
Claims run through the Jupiter Rewards Hub at jup.ag/rewards. The claim window typically lasts about three months, followed by a cutoff for any pending support tickets.
Rewards left unclaimed after the window closes are not automatically distributed.
The staking numbers behind the round
As of mid-October 2026, total staked JUP exceeded 1.1 billion tokens, representing approximately 33% of JUP’s circulating supply. The stake is spread across more than 357,000 wallets.
The program produces an estimated annual percentage yield of around 18%.
Unstaking JUP requires a cooldown period, so tokens can’t be pulled out the instant market conditions change.
Background: why Jupiter pays stakers
The ASR mechanism redistributes rewards from community allocations. Staked JUP also carries voting power in the Jupiter DAO.
The Q3 round follows earlier ASR distributions in the first and second quarters of 2026.
What this means for JUP holders and the DAO
A 50 million JUP distribution arrives as staked JUP, so it doesn’t immediately hit the open market. Holders weighing the roughly 18% estimated yield should keep in mind that it’s paid in the same asset they already hold.
Since rewards auto-compound into staked balances, consistent stakers gain voting weight quarter after quarter. Stakers who miss the claim window slowly lose relative influence.
The three-month claim window and the lack of automatic distribution mean that inattentive stakers can leave tokens on the table.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Dell's AI server backlog keeps shattering records, analysts keep raising targets, and the stock has already done things few expected. Here is the specific math behind whether shares can reach a level Wall Street still calls ambitious.
Dell Technologies (NYSE:DELL | DELL Price Prediction) has rebuilt itself around the AI factory. Some customer projects now require “upwards of 50 unique designs” to tune performance, power and cooling.
More than 6,500 customers now buy Dell AI Factory, and 3,300 of them arrived in the last three quarters. The stock has followed. Shares are up 360.32% year-to-date and 1,086.46% over five years. Let’s look at what Dell needs to do to hit $800 per share in 2027.
Wall Street Keeps Chasing Dell’s Earnings Higher
The average analyst target of $585.96 implies just 2% upside from $574.12. That conservative target trails the estimates behind it. Analysts expected $18.3732 in fiscal 2027 EPS 90 days ago. Today the figure is $25.8976, with zero down revisions over 30 days.
Dell has also beaten EPS estimates for 4 consecutive quarters, including a 43.69% beat last quarter. If that streak holds, actual results should keep coming in above forecasts.
Here’s What It Takes for Dell to Reach $800
At today’s price, Dell trades at about 23x the fiscal 2028 consensus of $24.6637. At $800, that multiple rises to roughly 32x. Measured against the high estimate of $30.19, it would be about 26x. Management already guides for fiscal 2027 non-GAAP EPS of $25.50, up 148%.
What Could Push Dell to $800?
Record backlog: AI orders hit $60.9 billion last quarter, and backlog reached $95 billion.
Growth beyond AI: Vice Chairman and COO Jeff Clarke noted “traditional servers and networking up 122%, storage up 26% and our client solutions up 20%.” New 18G servers can replace 12 to 14 servers.
Operating leverage: Operating expenses near 8% of revenue would be the lowest in Dell’s 42-year history.
Huge runway: Management expects AI to represent 75% of data-center demand by 2030 and sees an opportunity above $1 trillion.
Capital returns: Dell returned a record $4.3 billion to shareholders last quarter.
Dell’s 2026 Run Shows $800 Is Within Reach
Reaching $800 requires a 39% gain. Dell has already cleared much bigger hurdles. Shares traded at $116.09 in February and reached $563.29 by mid-September. Over the past year, the stock has gained 253.42%.
Hurdles remain. Supply is tight, with management citing “DRAM, DRAM, DRAM, followed by NAND, NAND, NAND.” Free cash flow fell 47.22% to $986 million last quarter.
$800 Is a Stretch, but Dell Has the Ingredients
Hitting $800 would require roughly 39% upside in 2027. Estimates keep climbing, the beat streak is intact and the $95 billion backlog gives Dell unusual visibility. If supply improves and enterprise AI keeps expanding, a low-30s multiple is within reach.
Dell is one piece of the broader AI expansion (we covered seven other suppliers powering, cooling, and networking the data centers in a free report). Returns at this level shouldn’t be expected every year, but we’ve outlined the plan for how Dell could see outsized returns in 2027.
Contact [email protected] for any questions or corrections.
Company expects strong multi-year growth as global AI infrastructure buildout fuels demand for leading-edge foundry-logic, DRAM and advanced packaging – areas where Applied has built market leadershipExpects wafer fab equipment (WFE) spending to grow faster through 2030 than over the past decade; targets more than 2 percentage points of WFE share gain from calendar 2025 to 2030Targets higher profitability through 2030 with non-GAAP gross margin target of approximately 54 percent and non-GAAP operating margin target of approximately 40 percentCommitted to distribute 80 to 100 percent of free cash flow to shareholders over time SAN FRANCISCO, Oct. 13, 2026 (GLOBE NEWSWIRE) -- At its 2026 SEMICON West Investor Breakfast Presentation held today, Applied Materials, Inc. presented its longer-term growth expectations and outlined how its leadership in materials engineering positions the company to outperform the wafer fab equipment (WFE) market over the coming years.
“The global buildout of AI infrastructure is driving a new era of growth for wafer fab equipment,” said Gary Dickerson, President and CEO of Applied Materials. “Applied Materials has built leadership in the fastest growing areas of the market that have the greatest impact on AI computing performance, power efficiency and cost, and our advanced services offerings enable chipmakers to increase yield and fab output. Our industry-leading capabilities position Applied for continued growth and outperformance in the years ahead.”
The race for AI computing leadership requires tremendous technology innovation and capacity expansion to support infrastructure scaling, which is fueling sustained WFE investments – bigger than any of the industry’s past growth drivers. The growth and diversity of AI applications from generative to agentic and physical AI require increasing amounts of silicon. Applied expects leading-edge foundry-logic, DRAM and advanced packaging to drive around 75 percent of WFE growth from 2025-2030. Applied has strong number-one process equipment positions in all three areas and is targeting to gain more than 2 percentage points of WFE market share from calendar 2025 to 2030.
To support the industry’s capacity expansion, Applied is utilizing its unique eBeam technology and advanced service solutions to help chipmakers accelerate the ramp of new process nodes and optimize yield, output and cost in high-volume manufacturing. With the industry’s highest resolution and fastest imaging capabilities, Applied’s eBeam equipment portfolio is expected to generate $2 billion in revenue in calendar year 2026. The company is expecting service revenue to grow more than 20 percent this calendar year and to exceed $12 billion in revenue by calendar year 2030, representing a mid-teens compound annual growth rate.
“For the past 10 years, Applied Materials has been making strategic investments to build the industry’s most enabling portfolio for AI computing,” said Brice Hill, Senior Vice President and CFO. “As AI drives wafer fab equipment growth, we are focused on further increasing profitability and operating leverage while investing in R&D programs that will fuel our outperformance into the future.”
Based on the company’s expectations for semiconductor industry growth, Applied is investing to more than double its R&D lab and manufacturing capacity from current levels by 2030. The company yesterday unveiled its new Equipment and Process Innovation and Commercialization (EPIC) Center in Silicon Valley, the world’s largest facility dedicated to collaborative semiconductor process technology and manufacturing equipment R&D. To date, Applied has announced 15 EPIC Center partnerships with leading chipmakers, systems companies, equipment partners and universities. Applied has also recently expanded its manufacturing infrastructure in Austin, Texas, Singapore and Treviso, Italy.
Non-GAAP Financial Measures
Forward-looking non-GAAP gross margin and non-GAAP operating margin targets for 2030 assume non-GAAP adjustments as applicable for future periods, which we are unable to predict without unreasonable efforts due to their inherent uncertainty. Free cash flow is a non-GAAP measure and is defined as net cash provided by operating activities less capital expenditures. Management uses non-GAAP financial measures to evaluate the company’s operating and financial performance and for planning purposes, and as performance measures in its executive compensation program. Applied believes these measures enhance an overall understanding of its performance and investors’ ability to review the company’s business from the same perspective as the company’s management, and facilitate comparisons of results with prior periods on a consistent basis by excluding items that management does not believe are indicative of Applied’s ongoing operating performance. There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles, may be different from non-GAAP financial measures used by other companies, and may exclude certain items that may have a material impact upon our reported financial results.
Forward-Looking Statements
This press release contains forward-looking statements, including those regarding anticipated growth and trends in our businesses and markets, industry outlooks and demand drivers, technology transitions, our business and financial performance and market share positions, our capital allocation and cash deployment strategies, our investment and growth strategies, our development of new products and technologies, the plans and expectations for the EPIC Center, our business outlook, expectations for our financial performance for calendar year 2026, our business and financial targets for 2030, and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: the level of demand for our products; global economic, political and industry conditions, including changes in interest rates and prices for goods and services; global trade issues, changes in trade and export regulations, license requirements, and their interpretation, and our ability to obtain licenses or authorizations on a timely basis, if at all; changes in tariffs, any retaliatory measures, and our ability to mitigate the impact of tariffs; the effects of geopolitical turmoil or conflicts; demand for semiconductor chips and electronic devices; customers’ technology and capacity requirements; the introduction of new and innovative technologies, and the timing of technology transitions; our ability to develop, deliver and support new products and technologies; our ability to meet customer demand, and our suppliers' ability to meet our demand requirements; the concentrated nature of our customer base; our ability to expand our current markets, increase market share and develop new markets; market acceptance of existing and newly developed products; our ability to obtain and protect intellectual property rights in key technologies; cybersecurity incidents affecting us or our suppliers, customers or vendors; our ability to achieve the objectives of operational and strategic initiatives, align our resources and cost structure with business conditions, and attract, motivate and retain key employees; acquisitions, investments and divestitures; changes in income tax laws; the variability of operating expenses and results among products and segments, and our ability to accurately forecast future results, market conditions, customer requirements and business needs; our ability to ensure compliance with applicable law, rules and regulations; and other risks and uncertainties described in our filings with the Securities and Exchange Commission, including our most recent Forms 10-K, 10-Q and 8-K. All forward-looking statements are based on management’s current estimates, projections and assumptions, and we assume no obligation to update them.
About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world. Learn more at www.appliedmaterials.com.
Contact:
Ricky Gradwohl (editorial/media) 408.235.4676
Mike Sullivan (financial community) 408.986.7977
ZetaChain a Verona zahájily průzkum zaměřený na to, jaké informace by si AI měla pamatovat. Zapojí se také komunita Anuma, v níž od února vzniklo více než 320 000 účtů.
TL;DR: ZetaChain and Verona are running the first study of what people want AI to remember, and what it should never keep. More than 300,000 people have joined Anuma, each with a private AI memory. Verona proves facts about you without exposing the data. The survey takes five minutes: take it here.
ZetaChain is building the Private Memory Layer for AI: user-controlled memory, identity, permissions, and payments that work across AI models, apps, and agents. We believe what your AI knows about you should belong to you, with keys only you hold.
Today, we're excited to announce a research partnership with Verona, the intelligence layer for AI used by 150+ brands including Uber and Nike, and backed by $36M from Multicoin and Circle. Together we are running the first study of what people actually want AI to remember, starting with the more than 300,000 people who have joined Anuma since February. We are also exploring how verified context and private memory can work together in one product.
Memory versus verified contextZetaChain remembers what you tell it. Verona proves what's true about you.
Memory is what an AI keeps: encrypted, portable across models, and under your control. Verified context is what an AI can prove: a fact checked once at its source, with a proof you own that any agent you authorize can reuse without seeing the data.
An AI that remembers you is useful. An AI that can prove what it knows about you is trustworthy. Almost nobody is studying the gap between them.
300,000 people with private AI memoryAnuma launched in February. Since then, more than 320,000 accounts have been created, each one a self-custodial wallet, and Anuma users have made more than 1.3 million AI requests across 38 models spanning chat, image, and video. The live numbers are published openly on ZetaChain Research.
Every one of those accounts has an encrypted memory vault that only the user's key opens. We cannot read it, and neither can the model providers. Your writing style, preferences, projects, and files follow you from one model to the next without starting over, and you decide what stays. Since late September that same memory also powers Nearby, which introduces Anuma users to people near them worth meeting. What an AI remembers now shapes who you meet, not only what it answers.
Why VeronaVerona makes user-verified data portable, private, and programmable. Its Truth Engine uses zero-knowledge proofs across websites, email, passports, and apps to turn a claim into a provable fact that the user owns through a Meta Account and any agent they authorize can reuse. Verify once, reuse everywhere, expose nothing.
More than 150 brands, including Uber and Nike, already build on it, and Verona is backed by $36M from investors including Multicoin and Circle.
Verona is the natural partner for this question because it sits on the other side of the line we want to study. We hold what an AI remembers. Verona holds what an AI can prove. The research asks whether people see that line at all, and where they want it drawn.
The research: What People Actually Want AI to RememberThe question is simple to ask and hard to answer. What do people want an AI to remember about them, and what should it never be allowed to keep? Underneath it sit the questions that decide whether AI memory is trusted: who decides, how you find out what is stored, and what happens when you revoke it. And now that an AI can introduce people to each other, a newer question sits beside them: what would you let an AI share about you to be discoverable, and what should it keep private?
The study covers six themes:
What people want AI to remember
What AI should never retain
Memory portability between models and apps
User visibility, permission, and revocation
The difference between remembered information and verified context
What people would let an AI use to introduce them to someone, and what stays private
We are asking Anuma users, Verona's community, and the broader AI user community. ZetaChain drafted the scope and questions from what we see in Anuma, and both teams reviewed them. Both teams will review the findings together and publish a report in November. Responses are anonymous and reported only in aggregate, and the full question set will be published with the report.
Take partThe survey is anonymous, needs no account, and takes about five minutes. It closes on October 27. Take it here: Take the survey.
Follow @ZetaChain and @verona_dev for the findings, and join the discussion on Discord.
What comes nextThe survey opens today and the report publishes in November, followed by an X Space with both teams and a series of data cards. We are also exploring how Verona's verified context and ZetaChain's private memory work together, so an agent can act on a fact about you without ever holding the data underneath.
About VeronaVerona is the intelligence layer for AI: a network where facts about the real world are proven once, owned by the user, and reusable by any agent they authorize, with the data underneath never exposed. Verona is used by 150+ brands including Uber and Nike and backed by $36M from investors including Multicoin and Circle. Learn more at verona.dev and in the Verona docs.
About ZetaChainZetaChain is building the application layer for private AI: user-controlled memory, identity, permissions, and payments that work across AI models, apps, and agents. Its first consumer product is Anuma, a private multi-model AI app with one memory across every model, joined by more than 300,000 people since February. The next phase is bringing that application layer to Solana and opening it to a broader ecosystem of AI apps and agents.
Follow ZetaChain on X (Twitter) and join the conversation on Discord and Telegram.
According to an official announcement, Starknet has launched Shadow Accounts, allowing users to participate in public DeFi activities via an independent, self-controlled address while keeping the link between this address and their main wallet confidential. Shadow Accounts are independent pseudonymous addresses on Starknet, funded by users’ protected STRK20 balances. The first integration will launch tomorrow. While the balance, transaction history, and application positions of Shadow Accounts remain publicly visible on-chain, STRK20 protects the connection between these accounts and users’ main wallets. This means users do not need to hide their DeFi activities themselves, while reducing the likelihood that external observers can trace those activities back to their main wallets.
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Applied Materials forecasts its services business revenue will grow by more than 20% by 2026, and top $12 billion by 2030.
Applied Materials (AMAT.O) said it targets a non-GAAP gross margin of 54% and operating margin of 40% by 2030. It projects its services business revenue will grow by over 20% in 2026, and exceed $12 billion by 2030. The company plans to expand its R&D labs and manufacturing capacity to more than double current levels by 2030, return 80% to 100% of its free cash flow to shareholders by 2030, and lift its wafer fabrication equipment (WFE) market share by more than 2 percentage points between 2025 and 2030.
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Chipotle ve 2. čtvrtletí 2026 zvýšilo srovnatelné tržby na všech evropských trzích o vyšší jednociferné procento a plánuje další expanzi v západní Evropě.
Key Takeaways Chipotle's European markets delivered high-single-digit comparable-sales growth in the second quarter of 2026.Aligning European operations with North American standards has improved Chipotle's restaurant economics.CMG plans to keep owning and operating Western European restaurants as it builds its development pipeline.
Chipotle Mexican Grill, Inc. (CMG - Free Report) is positioning Europe as an important avenue for international growth, supported by improving restaurant economics and stronger comparable sales. During the second quarter of 2026, each of the company's European markets delivered high-single-digit comparable-sales growth, reflecting the benefits of aligning regional operations with its established North American model.
The improvement follows a multiyear effort to align European restaurants with North American culinary operations and employee training standards. These initiatives have contributed to stronger restaurant performance, lifting unit economics to levels that management believes warrant additional investment. This operational progress provides a more favorable foundation for scaling the business across the region.
Chipotle is building its European development pipeline to support meaningful growth in the coming years. The company intends to continue owning and operating restaurants across Western Europe, retaining direct exposure to restaurant sales and operating performance as its footprint expands. This approach contrasts with its partner-operated strategy in markets such as Mexico, South Korea and the Middle East, where local partnerships facilitate development and market entry.
Chipotle's European strategy could support sustained revenue growth as stronger restaurant economics create opportunities for faster expansion in 2027 and beyond. Although maintaining restaurant productivity and operational consistency remains important, continued comparable-sales momentum and disciplined development could help translate additional restaurant openings into stronger revenue contributions over time.
CMG’s Price Performance, Valuation & EstimatesShares of Chipotle have declined 25.7% in the past year compared with the industry’s fall of 11.7%. In the same time frame, other industry players like Dutch Bros Inc. (BROS - Free Report) and McDonald's Corporation (MCD - Free Report) have lost 28.7% and 21.5%, respectively.
CMG One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Chipotle trades at a forward price-to-sales (P/S) multiple of 2.73, below the industry’s average of 2.87. Conversely, industry players, such as Dutch Bros and McDonald's, have P/S multiples of 2.56 and 5.79, respectively.
CMG’s P/S Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for CMG’s 2027 earnings per share has remained unchanged in the past 30 days.
EPS Trend of CMG Stock
Image Source: Zacks Investment Research
The company’s earnings in 2027 are likely to increase 19.2% on a year-over-year basis. Conversely, industry players such as McDonald’s and Dutch Bros are likely to witness an increase of 6.6% and 30%, respectively, year over year in 2027 earnings.
CMG’s Zacks RankChipotle stock currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways PBF Energy shares surged 189.4% in a year, outperforming industry peers and the sub-industry's 137% return.PBF's Martinez refinery restart, stronger diesel margins and cost savings support its earnings recovery.PBF's 2026 earnings are projected to skyrocket 698%, while its 5.69X EV/EBITDA trails the industry's 6.25X. PBF Energy Inc. (PBF - Free Report) has delivered an impressive performance over the past year, with shares skyrocketing 189.4%. The stock comfortably outperformed Delek US Holdings, Inc. (DK - Free Report) and HF Sinclair Corporation (DINO - Free Report) , which have surged 123.7% and 133.9%, respectively. PBF also surpassed the sub-industry’s 137% return during the same period.
Image Source: Zacks Investment Research
The strong rally raises a key question: does PBF still offer an attractive buying opportunity? Before concluding, let us examine the company’s operating outlook, earnings prospects and valuation.
Can Stronger Refining Margins Offset Higher Oil Prices?Elevated crude oil prices, driven by Middle East conflicts and supply disruptions, present both challenges and opportunities for PBF. Per the U.S. Energy Information Administration (EIA), WTI crude prices are projected to average $88.21 per barrel in 2026, up from $65.40 in 2025. Since PBF Energy purchases crude oil to manufacture gasoline, diesel and other fuels, higher oil prices increase its feedstock costs.
However, refining profitability depends primarily on crack spreads, the difference between refined-product prices and crude oil costs, along with throughput, crude sourcing and operating expenses. Rising gasoline and diesel prices can support earnings when they increase sufficiently relative to input costs. PBF identifies favorable crack spreads and crude oil differentials as important drivers of refining margins.
The EIA expects tight distillate supplies to keep diesel crack spreads elevated through 2027, supporting PBF’s earnings. Capturing that opportunity will depend on reliable refinery operations and effective cost management.
Restored Operations Strengthen PBF’s Earnings PotentialPBF restarted the fire-affected units at its Martinez refinery in May 2026, restoring production of its full product slate. West Coast throughput increased to 269,900 barrels per day in the second quarter from 203,500 a year earlier. The recovery gives PBF greater operating capacity to capture favorable regional refining margins.
This improvement is particularly relevant in California, where the company estimated gasoline imports at 250,000 barrels per day, representing nearly one-third of demand. Such dependence on imported fuel reinforces the competitive importance of PBF’s operating California refineries when international product supplies are constrained.
Cost Improvements Provide Additional SupportPBF’s Refining Business Improvement initiative offers another potential earnings catalyst. The company reported a 20% reduction in purchased natural gas on a per-barrel, price-adjusted basis compared with the 2024 baseline. The company also expects $60 million in annual procurement savings through contract renegotiations and rebidding.
Lower energy consumption and purchasing costs could improve profitability per barrel and strengthen PBF’s competitiveness across refining cycles. Meanwhile, moving the scheduled fourth-quarter turnarounds at Toledo and Chalmette into 2027 preserves operating availability during late 2026. Martinez’s hydrocracker turnaround was scheduled to finish in October, while Paulsboro’s crude-unit turnaround remained planned for late fall.
Strong Earnings Growth Expected in 2026The Zacks Consensus Estimate for PBF’s 2026 earnings stands at $24.69 per share, indicating 698% whopping year-over-year growth. This projected improvement adds support to the company’s investment appeal as restored production and cost initiatives strengthen its earnings capacity.
PBF’s expected earnings growth also exceeds that of its peers. The Zacks Consensus Estimates for Delek and HF Sinclair indicate surges of 135.6% and 258.7%, respectively.
Image Source: Zacks Investment Research
PBF’s Valuation Remains AttractiveDespite its substantial share-price appreciation, PBF continues to trade at a discount to the industry and its peers. The stock carries a trailing 12-month enterprise value-to-earnings before interest, taxes, depreciation and amortization (EV/EBITDA) multiple of 5.69X, below the industry average of 6.25X.
HF Sinclair and Delek trade at trailing 12-month EV/EBITDA multiples of 6.67X and 6.13X, respectively. PBF’s lower multiple, combined with its projected earnings recovery, strengthens its relative valuation appeal.
Image Source: Zacks Investment Research
Should Investors Buy PBF Stock?PBF’s restored Martinez operations, ongoing cost improvements and exposure to potentially favorable diesel crack spreads support its earnings outlook. Although higher feedstock costs and refinery maintenance remain factors to watch, the company’s strong projected earnings growth and discounted valuation provide compelling reasons to consider the stock.
With these operating and valuation advantages, investors should consider buying PBF Energy, which currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Key Takeaways More than 175 emerging biotech companies have adopted Veeva Basics to streamline drug development operations.VEEV's pre-configured applications help smaller biotechs simplify clinical, regulatory and quality processes.Veeva Basics could drive recurring revenue growth as biotech customers expand operations & technology needs.
Veeva Systems (VEEV - Free Report) recently announced that more than 175 emerging biotechnology companies are using Veeva Basics to establish their technology infrastructure and streamline drug development operations. The growing adoption highlights the company’s efforts to expand its presence among early-stage biotechs.
From an investor’s perspective, increasing adoption among emerging biotechs could support Veeva Systems’ long-term growth by building customer relationships early and creating opportunities to expand as these companies advance toward commercialization. However, the financial impact will depend on continued customer adoption and the ability to convert this momentum into meaningful revenue growth.
Likely Trend of VEEV Stock Following the NewsFollowing the announcement on Sept. 30, shares of VEEV traded flat on Oct. 7. Year to date, shares of the company have gained 32.5% compared with the industry’s 19.1% growth. However, the S&P 500 has risen 13.8% in the same timeframe.
The growing adoption of Veeva Basics could strengthen Veeva Systems’ long-term growth prospects by helping it establish relationships with emerging biotechs early in their development cycles. As these companies advance clinical programs and move toward commercialization, they may require additional applications across regulatory, quality, clinical and commercial functions, creating opportunities for Veeva Systems to expand its customer relationships and recurring revenues.
The platform’s pre-configured applications may also lower adoption barriers for smaller biotechs, broadening Veeva Systems’ addressable market and reinforcing its position in the life sciences software industry. However, the long-term benefits will depend on customer retention, expansion opportunities and the pace at which these biotechs scale their operations.
VEEV currently has a market capitalization of $47.95 billion.
Image Source: Zacks Investment Research
Veeva Basics Streamlines Operations for Emerging BiotechsVeeva Basics is designed to help emerging biotechnology companies establish a technology infrastructure without the complexity and costs associated with building customized systems. Built on VEEV’s Vault Platform, the offering provides pre-configured and pre-validated applications across clinical, regulatory, quality, medical and commercial functions. According to the company, customers can implement these applications in weeks and expand their capabilities as the businesses grow.
This approach is particularly relevant for smaller biotechs with limited IT resources that need to maintain compliance while advancing drug development programs. Whitehawk Therapeutics, for instance, highlighted improvements in regulatory and quality processes after replacing paper-based workflows with Veeva Systems solutions, while Structure Therapeutics reported better quality control and faster regulatory timelines after bringing submission publishing in-house.
Regulatory Publishing Moves In-HouseA key development is the growing use of Veeva Submissions Publishing Basics, which enables biotech companies to prepare regulatory submissions and manage interactions with health authorities internally rather than relying entirely on external service providers. For companies preparing their first submissions to the FDA, the application is designed to improve visibility and control throughout the regulatory process.
Structure Therapeutics cited better quality control and faster regulatory timelines following the adoption of the solution. By helping smaller biotechs manage complex regulatory requirements more efficiently, VEEV is addressing an important operational challenge in drug development. The broader adoption of Veeva Basics could also create opportunities to deepen customer relationships as these companies expand their technology needs, although the announcement did not quantify the expected revenue contribution from the offering.
Industry Prospects Favoring the MarketPer a report by Grand View Research, the global healthcare CRM market size was valued at $21.5 billion in 2025 and is projected to grow from $23.3 billion in 2026 to $35.7 billion by 2033, at a CAGR of 6.2% from 2026 to 2033.
The rising demand for structured data and automation in healthcare organizations is expected to drive market growth.
Other NewsVEEV continues to strengthen its position in the life sciences software market as the Veeva DQS platform expands reach across clinical trials. The company said that the solution has now supported data cleaning across more than 1,000 studies involving over 1 million subjects, highlighting growing adoption of its clinical data management capabilities.
The expanding scale of Veeva DQS is encouraging as biopharma companies increasingly prioritize efficient data management amid rising clinical trial complexity.
VEEV’s Zacks Rank & Key PicksCurrently, VEEV has a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader medical space are Globus Medical (GMED - Free Report) , Veracyte (VCYT - Free Report) and West Pharmaceutical (WST - Free Report) .
Globus Medical, currently sporting a Zacks Rank #1 (Strong Buy), reported a second-quarter 2026 adjusted earnings per share (EPS) of $1.34, which surpassed the Zacks Consensus Estimate by 19.6%. Revenues of $789.6 million beat the Zacks Consensus Estimate by 0.4%. You can see the complete list of today’s Zacks #1 Rank stocks here.
GMED has an estimated long-term earnings growth rate of 12.4%. The company’s earnings beat estimates in each of the trailing four quarters, the average surprise being 27.9%.
Veracyte, currently flaunting a Zacks Rank #1, reported a second-quarter 2026 adjusted EPS of 54 cents, which surpassed the Zacks Consensus Estimate by 25.6%. Revenues of $150.3 million beat the Zacks Consensus Estimate by 4.1%.
VCYT has an estimated earnings growth rate of 8.4% for 2026. The company’s earnings beat estimates in each of the trailing four quarters, the average surprise being 41.8%.
West Pharmaceutical, carrying a Zacks Rank #2 (Buy) at present, reported second-quarter 2026 adjusted EPS of $2.37, which beat the Zacks Consensus Estimate by 13.9%. Revenues of $872.3 million surpassed the Zacks Consensus Estimate by 4.2%.
WST has an estimated long-term earnings growth rate of 16%. WST’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 17.4%.
Uniti Solutions uvedla pro zákazníky MSASE službu AI Security od Cato Networks, která má odhalovat neřízené využívání AI a bránit únikům citlivých dat.
LITTLE ROCK, Ark., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Uniti Solutions, the leading provider of telecom infrastructure solutions, has launched an “AI Security” offering, powered by Cato Networks, to help business customers combat a new landscape of cyber risks created internally by unsecured employee AI use.
AI is rapidly becoming part of everyday business operations, but much of its use remains difficult for organizations to govern. OpenAI reports that more than 2 million* business customers now use its tools, while Microsoft and LinkedIn found that 78%** of AI users bring their own AI tools to work.
While AI use creates opportunities for innovation and efficiency, it can also introduce new security threats that organizations cannot afford to ignore. This includes the practice of “Shadow AI,” which is the use of AI applications, models, or agents that have not been approved or governed by their organization’s IT and security teams. Unsecured activity can lead to employees leaking company data, as well as AI tools inadvertently exposing sensitive company information such as intellectual property (IP), source code, financial records, and customer information.
“Shadow AI is becoming one of the largest unmanaged risks in the modern enterprise. It’s already happening at scale, spreading faster than most IT teams can identify; it leads to new blind spots that traditional cybersecurity solutions can’t solve for,” said Mike Flannery, president of Uniti Solutions. “We’re committed to helping our customers stay ahead of today’s threats and tomorrow’s challenges. With Cato AI Security, we’re giving businesses access to advanced protection to help them embrace AI with greater confidence while strengthening their overall security posture.”
AI Security is designed to protect and govern AI interactions, from third-party AI usage and homegrown AI applications to autonomous agents. Cato’s cloud-native solution offers one platform with the complete range of functionality, so businesses can secure the AI they use, protect the AI applications they build, and control their AI agents operating across their network.
AI Security differs from traditional firewalls as it offers visibility into employee AI usage, oversees hundreds of AI tools, understands and inspects prompts and response entered into these tools, enforces real-time guardrails, and identifies and isolates data leaks. For Uniti customers, the service provides visibility into sanctioned and unsanctioned AI usage and enables security teams to apply real-time controls to AI interactions.
Capabilities include:
Discover Shadow AI functions: The tool can automatically inventory every sanctioned and unsanctioned AI app, model, and agent in use across all users and sites, internally.Analyze prompts: The tool can read the intent of prompts, responses, and actions in real time to catch sensitive data and risky behavior, beyond keywords.Enforce real-time guardrails: The tool can block misuse and redact sensitive data inline, so employees keep working and the organization’s data stays where it belongs. To keep up with AI's rapid advancements, AI Security offers businesses a way to reduce the risk of data exposure, improve their compliance posture, protect user IP, and encourage more responsible AI adoption among employees.
“AI adoption is expanding the enterprise attack surface and organizations cannot afford to let security lag behind,” said Lior Cohen, vice president, product management, Security and AI at Cato Networks. “Securing AI requires visibility into how agents and applications access and use enterprise data, control over AI usage, and defenses against AI-targeted threats and data exfiltration. These capabilities are essential to protecting sensitive information, reducing risk, and meeting evolving compliance requirements. Cato AI Security delivers the visibility, control, and protection organizations need today to adopt AI at scale with confidence and strengthen their defenses as threats evolve.”
AI Security is being offered as an add-on service for Uniti Solutions customers who use its Managed Secure Access Service Edge (MSASE) service, powered by the Cato SASE Platform.
Uniti Solutions was just named an “Advanced Partner” by Cato, joining fewer than 2% of Cato’s global partners to achieve this designation. Find more information on Uniti Solutions and AI Security here.
About Uniti Solutions
Uniti Solutions, a business unit of Uniti (NASDAQ: UNIT), delivers customized, cloud-enabled connectivity, communications and a full suite of managed connectivity, collaboration, and network security solutions reaching nearly 95% of business, state and local government and education customer locations in the U.S. Additional information about Uniti Solutions is available at solutions.uniti.com. Engage with us on LinkedIn.
VICI Properties snížila riziko refinancování emisí nezajištěných dluhopisů v objemu 1,75 mld. USD a do konce roku nemá žádný splatný dluh; poměr čistého dluhu k EBITDA činil 4,9×.
Key Takeaways VICI Properties' net debt-to-annualized adjusted EBITDA was 4.9x at June-end, below its 5-5.5x target.VICI refinanced 2026 maturities with $1.75B in August notes, leaving no debt due for the rest of the year.VICI had $2.5B in June-end liquidity after closing its $1.16B Golden Entertainment and $141M Gamehost deals. VICI Properties (VICI - Free Report) is expanding its gaming and experiential portfolio through acquisitions and long-term leases while keeping leverage manageable. As of June 30, 2026, total debt was $17.2 billion, while net debt stood at $16.9 billion. Its net debt-to-annualized adjusted EBITDA ratio was 4.9 times, below management’s long-term target of 5-5.5 times.
Liquidity provides another cushion. VICI ended the second quarter of 2026 with approximately $2.5 billion in available liquidity, including $288.1 million in cash and $2.2 billion in unused revolving credit capacity. The REIT also maintains investment-grade ratings of BBB- from S&P and Fitch, and Baa3 from Moody’s, supporting its access to unsecured debt markets.
VICI refinanced near-term obligations in August 2026. It issued $1.75 billion of senior unsecured notes, including $900 million of 5.4% due 2031 and $850 million of 5.75% due 2036. Proceeds were used to retire senior notes maturing in 2026, leaving no remaining debt maturities for the rest of the year.
The debt structure helps limit interest-rate risk. As of Sept. 8, 2026, 99% of outstanding debt had fixed rates, while 83% was unsecured, with a weighted-average maturity of 6.1 years. VICI also had $600 million in forward-starting interest-rate swaps at June-end to reduce uncertainty around borrowing costs associated with planned long-term debt issuance.
Meanwhile, the company continues to deploy capital. During the second quarter of 2026, VICI closed its $1.16 billion Golden Entertainment casino acquisition and its C$200.6 million (approximately US$141 million) Gamehost Portfolio acquisition in Alberta, Canada. It drew C$185 million from its revolving credit facility to help fund the latter transaction.
How Are GLPI and EPR Strengthening Its Financial FlexibilityGaming and Leisure Properties (GLPI - Free Report) has strengthened its financial flexibility through equity issuance and refinancing. Stable contractual rent collections and rising earnings support its capacity to fund its acquisitions and development pipeline without excessive borrowing. As of June 30, 2026, net debt to adjusted EBITDA stood at 4.8 times.
EPR Properties (EPR - Free Report) , an experiential REIT focused on entertainment and recreation assets, is enhancing its financial flexibility through refinancing and extended debt maturities. Its diversified portfolio and recurring rental income support debt servicing and future investments. As of June 30, 2026, pro forma net debt to annualized adjusted EBITDAre stood at 5.1 times.
VICI’s Price Performance, Valuation and EstimatesShares of VICI Properties have decreased 12.8% in the past three months, underperforming the broader industry and the S&P 500 Index.
Image Source: Zacks Investment Research
From a valuation standpoint, VICI trades at a forward price-to-earnings ratio of 9.21X, well below the industry’s 15.30X. It carries a Value Score of B.
Image Source: Zacks Investment Research
VICI’s estimates have increased a cent over the past month. The Zacks Consensus Estimate for full-year 2026 funds from operations (FFO) is pegged at $2.47 per share.
Image Source: Zacks Investment Research
VICI stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Blur 12. listopadu ukončí svůj web a zastaví poskytování nových NFT úvěrů přes Blend; on-chain tržiště zůstane funkční. Stávající dlužníci musí úvěry do té doby splatit, nebo je nechat přejít do prodlení.
Blur will shut down its website and halt new NFT loans on November 12, just ten days after sister project Blast announced its closure.
Blur to Shut Down Weeks After Blast Announces Closure
Once the dominant NFT marketplace on Ethereum, Blur is shutting down its website and NFT lending services just ten days after its sister project Blast announced its own closure.
What's the Scoop?
Blur Shutting Down: In an announcement Monday, Blur said it will retire its website on November 12, though its underlying NFT marketplace will remain operational onchain. The BLUR token will also retain control of the protocol's fee switch, which determines whether the marketplace can charge trading fees.
NFT Lending Ending: Blur's NFT lending platform, Blend, will stop matching new loans on November 12. Existing borrowers must repay their loans by then or allow them to default, with Blur promising a separate tool afterward to help users withdraw their remaining assets.
Trading Volume Collapses: Launched in 2022, Blur quickly overtook OpenSea, capturing over 70% of Ethereum NFT trading volume in March 2023, when it processed ~$1.43B in trades. By March 2026, that figure had fallen below $7M, a collapse of over 99.5%. Despite billions in trading volume, its zero-fee marketplace generated no trading-fee revenue.
Blast Shutdown: The news comes just ten days after the shutdown of Ethereum L2 Blast, also run by Blur's founder Pacman, citing operating costs exceeding revenue. The network, which once attracted over $2.3B in deposits, has given users until October 26 to withdraw through its regular interface.
David Christopher
733 posts
David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.
HYPE za uplynulých 24 hodin klesl téměř o 5 % na přibližně 81,20 USD, přestože Assistance Fund v rámci zpětných odkupů nakoupil více než 48 milionů tokenů za 1,36 miliardy USD.
HYPE price has fallen nearly 5% to around $81.20 over the past 24 hours despite Hyperliquid’s Assistance Fund having spent $1.36 billion buying more than 48 million tokens.
Summary
Hyperliquid’s Assistance Fund has purchased more than 48 million HYPE through its ongoing buyback program.
HYPE traded near $81.20, while 24-hour trading volume increased more than 59% to $931.56 million.
The daily chart places Supertrend support at $80.26, with MACD remaining below its signal line.
USDC reserve income has added nearly $14.58 million to the fund’s trading-fee-funded purchases.
Hyperliquid News reported on Oct. 13 that the Assistance Fund’s cumulative purchases had exceeded 48 million HYPE, acquired for approximately $1.36 billion. The tracker valued the accumulated tokens at about $3.95 billion at its reporting price.
THE ASSISTANCE FUND HAS BOUGHT 48,000,102.51 hyperliquid:native FOR $1,364,831,403.93, WITH A CURRENT VALUE OF $3,953,240,443.01. pic.twitter.com/npJwk4pue1
— Hyperliquid News (@HyperliquidNews) October 13, 2026
Against that buying activity, the market figures accompanying the update placed HYPE near $81.20, with a 24-hour trading range of $79.52 to $85.73. Trading volume reached approximately $931.56 million, increasing more than 59% over the same period.
On KuCoin’s daily HYPE/USDT chart, TradingView recorded a similar price of $81.197. The chart showed an Oct. 13 high of $83.410 and a low of $79.496, placing the token close to its green Supertrend line after retreating from its late-September peak.
HYPE price holds above $80.26 as momentum weakens
TradingView’s daily chart places the Supertrend indicator at $80.261, roughly $0.94 below the recorded price. Although the session’s low briefly crossed beneath the line, HYPE subsequently traded above it, leaving the indicator’s bullish signal in place.
HYPE price daily chart — Oct. 13 | Source: TradingView
Across the same chart, the candles show a decline from a late-September peak near $98 and a sequence of lower highs into October. The recorded price of $81.197 sits approximately 17% below that peak.
The daily MACD presents a weaker momentum reading. TradingView shows the MACD line at −0.674, below the signal line at 0.700, with the histogram at −1.373. The negative histogram and downward movement in both lines support a bearish reading of the daily momentum indicator.
Based on the visible daily price structure, a recovery toward $85 would first require HYPE to move above the session high of $83.41. Recent candles around $85 identify another potential resistance area, followed by trading clusters around $88–$90.
Further up the chart, previous highs place another resistance zone around $94–$98. Those levels come from earlier price activity rather than an analyst’s forecast.
On the downside, the chart places the closest support references at the $80.26 Supertrend line and the session low near $79.50. A daily close below both would weaken the bullish Supertrend setup, with September lows around $75–$77 providing the next visible price reference.
Hyperliquid buybacks draw funding from fees and USDC reserves
Hyperliquid’s official fee documentation states that the Assistance Fund automatically converts its share of trading fees into HYPE through the network’s execution system. The documentation also says HYPE held in the fund is burned, permanently removing those tokens from circulating and total supply.
Under the documented arrangement, fees support several community mechanisms, including the Assistance Fund, the Hyperliquidity Provider vault and market deployers. Hyperliquid allows spot and certain perpetual-market deployers to retain part of the fees generated by their markets.
As crypto.news previously reported, Hyperliquid activated its AQAv2 framework for USDC on Aug. 26. The arrangement sends approximately 90% of cost-adjusted reserve yield to the protocol, adding income from stablecoin balances to the fund’s trading-fee revenue.
According to Hyperliquid’s framework, Coinbase serves as the USDC treasury deployer, while Circle handles technical functions such as minting, redemption, and cross-chain transfers. Revenue accumulates over 30-day periods before an automatic transfer eight days after each period ends.
Hyperliquid’s published framework makes payments dependent on reserve balances, yields, and operating costs, rather than setting a fixed annual contribution.
Revenue growth accompanies a separate institutional token deal
In September, a report on Hyperliquid’s 2026 protocol revenue ranking detailed CoinGecko’s calculation of $429.04 million in revenue from Jan. 1 through Sep. 15.
CoinGecko placed Hyperliquid first in its adjusted comparison, accounting for 12.62% of a $3.40 billion revenue pool. Pump.fun ranked second with $322.21 million, leaving Hyperliquid ahead by more than $106 million at the study’s cutoff.
Separately, Oct. 8 coverage detailed a 3.75 million HYPE transaction after Hyperliquid Labs completed a seven-day unstaking process. Onchain Lens linked the allocation, then valued near $330 million, to an institutional over-the-counter agreement.
According to the tracker, 1.875 million HYPE initially moved through five wallets, each receiving 375,000 tokens. Subsequent Lookonchain tracking showed 1.25 million HYPE returning to staking, with the remaining tokens held across two addresses.
Onchain Lens described the arrangement as a private transaction rather than an open-market sale. Hyperliquid Strategies CEO David Schamis later said his company was not the buyer.
U.S. investors have HYPE exposure through listed funds
For American investors, May 15 coverage of U.S. Hyperliquid investment products detailed 21Shares’ THYP spot product and TXXH leveraged fund.
According to the asset manager’s announcement, THYP provides HYPE exposure and incorporates staking, while TXXH offers a separate leveraged strategy.
The launch documents described THYP as a Securities Act of 1933 product rather than an investment company registered under the Investment Company Act of 1940. In its disclosures, 21Shares stated that THYP investors do not receive the same protections available under traditional 1940 Act ETFs and mutual funds; TXXH was registered under the 1940 Act.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Strive, a Nasdaq-listed company based in Dallas, Texas, has expanded its bitcoin holdings by acquiring 3,311 BTC over the past week, increasing its total to 32,773 coins. This purchase brings Strive’s bitcoin reserves to approximately $2.7 billion at current market prices, placing the firm as the fifth largest publicly traded bitcoin holder.
Bolstering Corporate Bitcoin HoldingsAccording to a recent regulatory filing published Tuesday, Strive’s latest acquisition cements its position among the top corporate holders of the cryptocurrency. The company now trails only Strategy, Twenty One, Metaplanet, and MARA in terms of publicly disclosed bitcoin holdings, based on data provided by Bitcoin Treasuries.
Unlike companies such as Strategy, which have employed debt-financed purchases to accumulate bitcoin, Strive has maintained a zero-debt strategy. CEO Matt Cole has underscored that Strive carries no margin requirements and that its bitcoin holdings remain entirely unencumbered.
Despite headwinds for major bitcoin treasuries this year, Strive’s debt-free approach and focus on shareholder value have distinguished it from peers, as evidenced by the company’s significant stock gains in 2026.
Corporate peers have endured pressure in 2026 as the value of bitcoin fluctuated. Several major treasuries saw their stock values decline, with some being forced to liquidate tokens or overhaul their business models in response to bearish market conditions.
Despite sharing similar treasury models with other digital asset companies, Strive has outperformed much of its competition. Its shares, trading under the ASST ticker, have advanced by nearly 60% year-to-date, even though they slipped slightly during Tuesday’s session. This move is in contrast to significant stock declines reported by other large bitcoin-holding firms throughout the year.
Strive officially launched as a bitcoin treasury institution last year, drawing inspiration from Strategy, currently the largest corporate bitcoin holder. However, by refusing to employ leverage or take on debt, Strive has maintained a more conservative posture toward digital asset management.
The goal for investors remains clear: produce amplified returns through Strive’s equity performance, closely linked to the value of its bitcoin reserves.
With sudden shifts in the market, including events such as unexpected altcoin listings or monetary policy decisions from the Federal Reserve, investors often find themselves moving quickly between applications for charts, news, or portfolio management. To streamline this process and enhance efficiency, some traders are utilizing privacy-focused platforms like CryptoAppsy, which consolidate real-time price alerts, macroeconomic data, and individualized news feeds in a single interface—without needing to create an account.
Acquisition Activity and LeadershipEarlier this year, Strive completed the all-stock acquisition of Semler Scientific, a move that marks the first time a publicly traded bitcoin treasury company has acquired another such entity. This acquisition is viewed as a sign of consolidation within the corporate bitcoin sector and signals further institutional interest in strategic mergers in the industry.
Strive was established by tech entrepreneur and former Ohio gubernatorial candidate Vivek Ramaswamy, who envisioned the firm playing a central role in merging digital assets with public equity markets.
As of now, Strive continues to set itself apart in the landscape of corporate bitcoin treasuries, both through its growing balance sheet and by maintaining a debt-free strategy aimed at maximizing shareholder returns.
Společnost Saia otevřela nový terminál v Deer Parku ve státě New York, čímž rozšiřuje přepravní kapacitu a pokrytí na Long Islandu i v metropolitní oblasti New Yorku.
JOHNS CREEK, Ga., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ: SAIA), a leading provider of less-than-truckload (LTL) transportation services, announced the opening of its newest terminal in Deer Park, New York, further expanding the company’s growing network across the Northeast. The new Long Island facility enhances Saia’s ability to serve customers throughout Long Island and the greater New York metropolitan area while providing additional capacity to support growing shipping demand.
Strategically located in Deer Park, the terminal strengthens connectivity between Long Island businesses and Saia’s nationwide network, helping improve service efficiency, freight movement and market coverage throughout the region. The facility also positions Saia to better support customers operating in one of the country’s most densely populated and economically significant markets.
“Long Island is an important market for our customers, and this investment reflects our ongoing commitment to expanding our network where service, capacity and connectivity matter most,” said Executive Vice President and Chief Customer Officer Ray Ramu. “This new terminal strengthens our presence in the Northeast and enables us to deliver the reliable service, and operational excellence customers expect from Saia.”
The opening continues Saia’s long-term strategy of investing in network growth to increase density in key markets and create more efficient transit times across the country. As the carrier’s network expands, customers continue to benefit from the ongoing improvement of transit times, stronger service coverage and enhanced connectivity across Saia's network. By expanding its geographic footprint, Saia is able to provide customers with greater flexibility, enhanced service and stronger nationwide coverage.
“As we continue to grow, our focus remains on creating a network that delivers value for our customers today while supporting future demand,” added Ramu. “Every terminal investment helps strengthen our ability to connect businesses with the markets they need to reach.”
For more information about Saia and its freight and logistics capabilities, visit Saia.com.
About Saia, Inc.
Saia, Inc. (NASDAQ: SAIA) is a full-service freight and logistics provider with a national footprint built to deliver reliable, flexible shipping solutions. With industry-leading operations and a strong emphasis on the customer experience, the company helps keep freight - and businesses - moving. Saia offers customers a wide range of less-than-truckload, brokered truckload, expedited transportation, and other logistics services. Headquartered in Johns Creek, Georgia, the company operates 219 terminals providing national service. Saia has repeatedly been recognized for its people-centric, safety-driven, and sustainability-minded focus. For more information on Saia, Inc., visit Saia.com. For more information, contact:
Bitcoin’s price could be due a move upwards as the supply of the leading cryptocurrency on exchanges shrinks.
That’s according to a researcher at data firm CryptoQuant, who wrote in a Monday report that bitcoin on exchanges has dropped to 2.67 million from 2.8 million since February.
The price of bitcoin was recently $83,485, unmoved over a 24-hour period but up 8% over the past 30 days after having its best quarter in years. Its surge in August and September has led a number of analysts to declare the bear market is over.
“If buying demand continues to improve while exchange supply remains low, BTC could benefit from a supply-demand imbalance, creating favorable conditions for a longer-term upward trend,” the report by on-chain researcher Rei Researcher read.
It added: “More importantly, in recent weeks, bitcoin has recovered from its lows while exchange reserves have continued to decline. This is a notable development, suggesting that the supply readily available for trading is decreasing even as the market recovers.”
The report further noted that it was possible investors were taking bitcoin off exchanges to put in cold storage solutions.
Bitcoin’s price was mostly trading under $65,000 for the first half of 2026. The coin spent most of this year in a bear market following the all-time high of $126,080 it hit in October 2025.
But that all changed in August. News that the U.S. Treasury would double the size of its liquidity-support buyback operations, weakening the dollar but strengthening bitcoin and other non-yield bearing assets.
Now, the so-called debasement trade — where investors throw money at an asset to hedge against a currency losing its value — is hot again. Bitcoin is benefiting from the trade, analysts say, as it did in 2024 and 2025.
Bitcoin’s price is still more than 30% below its record.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
Arch Lending dorovná stávající bitcoinové rezervy komunitního fondu Altgeld Bitcoin Reserve v chicagské čtvrti Altgeld Gardens a podpoří finanční vzdělávání.
Arch Lending becomes a founding private-sector supporter of the Altgeld Bitcoin Reserve, a community-owned Bitcoin reserve in Chicago's Altgeld Gardens recognized by the Illinois House
, /PRNewswire/ -- Arch Lending, the U.S.-based alternative-asset lending platform operated by ChainFi, Inc., today announced its support for the Altgeld Bitcoin Reserve (ABR), a community-owned Bitcoin reserve established in Altgeld Gardens, a Chicago Housing Authority community on the city's far South Side.
Arch Lending has committed to match the reserve's existing holdings, alongside support for ABR's community education and financial-literacy programming. The announcement comes on the eve of the first anniversary of ABR's recognition by the Illinois House.
Arch and ABR Partner
The Altgeld Bitcoin Reserve was founded in early 2025 by Tolbyus Shephard, who grew up in Altgeld Gardens, with the support of Bernadette Williams, president of the Altgeld Gardens Local Advisory Council. On October 14, 2025, the Illinois House adopted House Resolution 446, which recognized ABR as the nation's first community-run Bitcoin reserve and commended Altgeld Gardens for its leadership in financial empowerment.
Altgeld Gardens: A History of Resilience and Community Empowerment
Built in the 1940s to house Black World War II veterans, defense workers, and their families, Altgeld Gardens has a long history of community organizing and resilience.
The neighborhood later became known as the "Toxic Doughnut" because of the industrial pollution, landfills, and waste facilities surrounding it. Resident Hazel Johnson became a pioneer of the environmental justice movement, founding People for Community Recovery in 1979 to campaign for safer living conditions. In the 1980s, a young Barack Obama worked alongside Altgeld residents as a community organizer, years before becoming President of the United States.
For Tolbyus Shephard, who grew up in Altgeld Gardens, the reserve builds on that history by creating a community-owned financial asset intended to benefit future generations.
"As someone who grew up in Altgeld Gardens, I founded the Altgeld Bitcoin Reserve (ABR) with a simple belief: if nations, states, wealthy individuals, and major institutions can build long-term financial reserves to secure their futures, why can't underserved communities do the same? Our communities deserve the opportunity to build, own, and preserve wealth for generations to come," said Tolbyus Shephard, founder of the Altgeld Bitcoin Reserve.
Ownership rather than programming
ABR was built around a question that community development rarely asks: not what programs a neighborhood receives, but what it can permanently own.
The reserve operates under multisignature custody with public proof-of-reserves, allowing residents and the public to verify its holdings directly on the Bitcoin network. Its governing framework prohibits speculative trading, lending, leverage, private withdrawals, and personal enrichment. Reserve Bitcoin is not loaned, pledged as collateral, or rehypothecated under any circumstances.
Alongside the reserve, ABR runs financial-literacy and Bitcoin education programming for residents, including the ABR Bitcoin School for young people, parents, and seniors without technical or financial backgrounds. In March 2026, the organization held a community summit at the Altgeld Community Center, bringing residents together with local leaders.
"Most of what reaches a community like Altgeld arrives as a program, and programs end," said Himanshu Sahay, Co-Founder of Arch Lending. "An asset the community holds and can independently verify is a different proposition. We are supporting this as a contributor, not as a lender. The Bitcoin belongs to the reserve, and nothing about our involvement changes that."
"Altgeld has received investment before. What it has not had is something it owns outright and can pass on," said Shephard. "Private partners taking this seriously is what moves it from an idea to something residents can see."
"A year ago, the Illinois House recognized Altgeld Gardens as home to the nation's first community-run Bitcoin reserve," said Illinois State Representative John M. Cabello, Assistant Minority Leader. "This reserve has always been about education, resilience, and generational wealth for underserved neighborhoods. Private partners stepping in to support it is the kind of innovation and community-centered progress we should be encouraging across Illinois."
A model built to be repeated
ABR describes Altgeld Gardens as a proof of concept for a broader Community Bitcoin Reserve framework, with common standards for custody, transparency, education, and governance that other communities could adopt. The organization has engaged officials in Chicago and Illinois about how such a model might be supported, and related legislation remains under consideration in the Illinois General Assembly.
Arch Lending receives no ownership interest, repayment right, investment return, or governance authority in the reserve, and does not control reserve transactions.
ABR is also open to additional community and private-sector contributions as it works to grow the reserve and expand its financial-literacy and Bitcoin education initiatives.
Supporting the Altgeld Bitcoin Reserve
Individuals and organizations can donate Bitcoin directly to the reserve through communitybitcoinreserve.org. Select Altgeld Gardens using the orange marker on the map, scroll to the bottom of the page, and generate a Bitcoin address. Donations made this way go directly to the Altgeld Bitcoin Reserve.
About Arch Lending
Arch Lending is a U.S.-based lending platform that lets holders of alternative assets borrow against their holdings without selling. It supports Bitcoin, Ethereum, Solana, XRP, PAX Gold, and Tether Gold as collateral. Eligible client assets are held 1:1 in segregated custody with Anchorage Digital, a federally chartered bank and qualified custodian, and are not rehypothecated. Arch Lending is operated by ChainFi, Inc. Learn more at archlending.com.
About the Altgeld Bitcoin Reserve
The Altgeld Bitcoin Reserve is a Bitcoin-only, long-term community reserve established in Altgeld Gardens, Chicago. It was recognized by the Illinois House through House Resolution 446 in October 2025. Learn more at communitybitcoinreserve.org.
Metaplanet získal 52 miliard JPY prostřednictvím bezúročných konvertibilních dluhopisů splatných v roce 2031, aby splatil bitcoinový dluh ve výši 23,6 miliardy JPY a odkoupil vlastní akcie.
Metaplanet raises 52 billion yen, or 328 million dollars via zero-coupon bonds, to restructure its debt and buy back its own shares. A major maneuver that secures its 44,000 Bitcoins without liquidation risk.
In brief Metaplanet issues 52 billion yen of zero coupon convertible bonds due 2031. The company Metaplanet repays 23.6 billion yen of Bitcoin-backed debt. An amount of 28.3 billion yen is allocated to buy back the company’s own shares. This financial strategy protects the entire war chest of 44,000 Bitcoins held. The Japanese company listed on the Tokyo Stock Exchange (TSE: 3350) continues to make waves in the corporate world and the world of Bitcoin(BTC). Metaplanet officially announced the issuance of yen convertible bonds called “Euro-Yen” with zero coupon due 2031 for a total amount of 52 billion yen, or approximately 328 million dollars. According to the excerpt from Metaplanet’s official statement:
The issuance of these bonds aims to improve the company’s debt structure and ensure financial flexibility by replacing part of our existing interest-bearing borrowings with long-term, unsecured, interest-free funds.
Thanks to this zero rate (0%) structure, the company secures long-term capital over 5 years without burdening its income statement with monthly interest. At the end of September 2026, the company’s cash already amounted to 44,000 bitcoins, confirming its position as an Asian giant in digital asset reserves.
The net proceeds from this fundraising estimated at about 51.9 billion yen have been allocated to two clear strategic objectives:
Repayment of Bitcoin-collateralized loans (~23.6 billion ¥): Metaplanet will use about 23.6 billion (149.2 million dollars) yen starting November 2026 to repay part of its Bitcoin-backed credit line. This decision aims to bring the debt ratio back below the maximum threshold of 10% of the net asset value of Bitcoin held (BTC NAV).
Massive share buyback program (~28.3 billion ¥) Between October and December 2026, up to 28.3 billion yen (178.9 million dollars) will be allocated to buy back treasury shares. This share buyback program allows absorbing up to 8% of the shares outstanding, a powerful lever to increase the value per share for all investors.
By replacing short-term debt backed by volatility with long-term interest-free capital, Metaplanet eliminates any risk of forced sale (liquidation) of its Bitcoin reserves in case of temporary market decline. Here is a summary of the key figures of the operation:
Indicator / ParameterValue & DetailsTotal amount raised52.0 billion ¥ (~328 million $)Type of securityZero coupon convertible bonds (due 2031)Interest rate (Coupon)0.0 %
BTC debt repayment~23.6 billion ¥ (planned in Nov. 2026)Treasury share buyback~28.3 billion ¥ (up to 8% of capital)Current Bitcoin reserves44,000 BTC (as of 09/30/2026) By adopting a financial engineering inspired by Strategy, Metaplanet strengthens its balance sheet while protecting its 44,000 bitcoins. This cleanup plan eliminates liquidation risk and enhances shareholder value in the long term.
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
