Track market-moving stories before they get noisy

In the latest close session, Texas Instruments (TXN - Free Report) was down 8.39% at $304.41. The stock's change was less than the S&P 500's daily loss of 1.44%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 2.22%.

Prior to today's trading, shares of the chipmaker had gained 7.46% outpaced the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 0.08%.

The upcoming earnings release of Texas Instruments will be of great interest to investors. The company's upcoming EPS is projected at $1.9, signifying a 34.75% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.22 billion, indicating a 17.39% increase compared to the same quarter of the previous year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.66 per share and a revenue of $20.76 billion, representing changes of +40.55% and +17.38%, respectively, from the prior year.

Any recent changes to analyst estimates for Texas Instruments should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Texas Instruments currently has a Zacks Rank of #2 (Buy).

From a valuation perspective, Texas Instruments is currently exchanging hands at a Forward P/E ratio of 43.35. Its industry sports an average Forward P/E of 68.59, so one might conclude that Texas Instruments is trading at a discount comparatively.

It's also important to note that TXN currently trades at a PEG ratio of 1.67. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. TXN's industry had an average PEG ratio of 1.06 as of yesterday's close.

The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 46, putting it in the top 19% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow TXN in the coming trading sessions, be sure to utilize Zacks.com.

Honeywell International (HON 2.52%), one of the world's largest industrial conglomerates, continues to dismantle itself. Less than a year after spinning off Solstice Advanced Materials, the company is gearing up for an even larger spinoff.

Later this month, Honeywell will split into two separate companies: Honeywell Aerospace and Honeywell Technologies. The expectation is that each company, as a pure play in its respective industry, will receive a higher valuation than the diversified Honeywell has as a public company.

However, while spinoffs are a useful tool for maximizing shareholder value, they aren't necessarily a silver bullet. Let's take a closer look at the math behind this transaction, as well as recent price action with Honeywell shares, and determine whether it's worthwhile to buy Honeywell Aerospace, as well as when exactly to buy it.

Image source: Getty Images.

Honeywell, the spinoff, and the potential payoff With the Honeywell Aerospace spinoff scheduled for June 29, management is ramping up its efforts to tout the event as highly beneficial to shareholders. As management has noted in its communications with investors, this deal entails splitting off Honeywell's faster-growing aerospace unit from its relatively slower-growing automation segment, which will take on the Honeywell Technologies name.

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At the same time, the two companies intend to pursue margin-expansion efforts following the spinoff. By raising their margins, both Honeywell Aerospace and Honeywell Technologies intend to deliver double-digit earnings growth over the next few years. Honeywell Aerospace expects annual sales growth of 6% to 8%, while Honeywell Technologies expects sales growth of 4% to 6%.

In terms of share appreciation potential, it lies in the valuations of each unit's respective "pure-play" competitors relative to Honeywell's current valuation as a whole. GE Aerospace, one of the most widely followed aerospace stocks, trades at 46 times forward earnings.

Automation-focused industrial stocks, like Rockwell Automation, trade for over 30 times forward earnings. Meanwhile, Honeywell, even as its shares rally ahead of the merger, trades for only 21.6 times forward earnings. Even if the two companies experience partial expansion toward similar multiples, the resulting gains could be substantial, especially if the aforementioned margin-expansion efforts take hold.

There's an opportunity on both sides The mechanics of the spinoff are as follows. Shareholders of record as of June 15 will receive shares in Honeywell Aerospace on a pro rata basis on June 29, receiving one share for every two shares held in Honeywell. The remaining Honeywell entity will then execute a 1-for-2 reverse stock split effective June 29.

It's unclear how exactly shares will trade after the spinoff. Given how "hot" the aerospace sector is at present, Honeywell Aerospace could go on a tear. However, the "less glamorous" Honeywell Technologies could pull back, as can happen when a company spins off or splits off a faster-growing business from a slower-growing one.

Then again, a post-spinoff sell-off could create a new opportunity. If investors bail on Honeywell Technologies, it could become oversold, offering a very opportune entry point from a value perspective.

With this in mind, existing Honeywell investors may want to hold onto their positions in both companies. If you've yet to buy, however, you may want to consider Honeywell Aerospace for its growth potential, while keeping an eye on Honeywell Technologies for its rerating potential following an initial period of weakness.

Earnings are arguably the most important single number on a company's quarterly financial report. Wall Street clearly dives into all of the other metrics and management's input, but the EPS figure helps cut through all the noise.

The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.

Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.

The Zacks Earnings ESP, ExplainedThe Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.

The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.

When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.

Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.

Should You Consider Union Pacific?The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Union Pacific (UNP - Free Report) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $3.15 a share 30 days away from its upcoming earnings release on July 23, 2026.

By taking the percentage difference between the $3.15 Most Accurate Estimate and the $3.14 Zacks Consensus Estimate, Union Pacific has an Earnings ESP of +0.29%. Investors should also know that UNP is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>

Built from a real combine harvester, first-of-its-kind ComBar signifies Anheuser‑Busch's commitment to U.S. agriculture and sourcing the highest-quality American-grown ingredients

Embarking on a nationwide tour encouraging consumers to "Choose Beer Grown Here" in support of American farmers

Key Facts: 

Anheuser‑Busch launches the ComBar — a first‑of‑its‑kind 10‑ton, 400+ sq. ft. mobile bar built from a real combine harvester to honor American farmers. Coinciding with America's 250th birthday, Anheuser-Busch's ComBar will tour the U.S. in summer 2026 as part of the company's Choose Beer Grown Here initiative encouraging consumers to choose products made with U.S.‑grown ingredients. Anheuser‑Busch spends $700 million annually sourcing high-quality ingredients from 700 U.S. farmers and holds U.S. Farmed certification for several of its iconic American beers, including Busch Light, Budweiser, and Bud Light. , /PRNewswire/ -- Anheuser-Busch, [NYSE: BUD], a leading American manufacturer and maker of Michelob ULTRA, Busch Light, Budweiser and Bud Light, proudly reaffirmed its 165+ year commitment to U.S. agriculture today with the launch of the ComBar: a first‑of‑its‑kind mobile bar engineered from a real combine harvester, built to honor the American farmers behind its iconic beers.

Anheuser-Busch's ComBar Each year, Anheuser‑Busch spends $700 million sourcing the highest-quality barley, rice, corn, and hops from 700 American farmers whose work forms the foundation of the company's brewing tradition. The Anheuser-Busch ComBar stands as a 10-ton, 400+ sq. ft. symbol of that commitment—and an unmistakable reminder that great beer begins in America's fields. See the ComBar up close.

The ComBar—short for "combine" plus "bar"—is the latest milestone in Anheuser‑Busch's ongoing Choose Beer Grown Here initiative, which encourages consumers to support American farmers by choosing products made with U.S.‑grown ingredients. The initiative launched in March 2024 to celebrate Anheuser-Busch's industry-leading achievement of the U.S. Farmed* certification, indicating that at least 95% of the agricultural ingredients in its Busch Light, Busch, Budweiser, Bud Light, and Michelob ULTRA beers are sourced from U.S. farms. By spotlighting the farmers behind its beers—and the company's substantial investment in their livelihoods—Anheuser‑Busch aims to make it easier than ever for consumers to choose beer that benefits American growers.

A 10-Ton Thank You to America's Farmers

The ComBar transforms one of agriculture's hardest‑working machines into a one-of-a-kind, fully functioning mobile bar—complete with gleaming beer taps—serving as a 10‑ton "thank you" to the growers who power American farming. Every detail of the ComBar—from its colossal size to its original auger-turned-tap and custom wrap—is a reminder of the massive contributions of U.S. farmers to Anheuser-Busch's portfolio of iconic American beers.

Cesar Vargas, Chief External Affairs Officer, Anheuser-Busch said: "Anheuser-Busch invests $700 million sourcing from 700 American farmers each year because we know that great beer begins with the highest-quality, U.S.-grown ingredients. The ComBar brings that commitment to life in a way only Anheuser-Busch can—by transforming an iconic symbol of the harvest into a celebration of the people who make our beers possible. We're rolling it out this summer to remind people to Choose Beer Grown Here and support the growers behind every sip—because that's who we are."

The ComBar Hits the Road

Coinciding with America's 250th birthday, the ComBar will embark on a nationwide tour this summer, paying tribute to local farmers in communities nationwide. The mobile bar will pop up at major agricultural and community events, including:

St. Louis 4th of July Celebration — July 3-4, St. Louis, MO Alive at 5 — July 15, Idaho Falls, ID North Dakota State Fair — July 20–25, Minot, ND Anheuser‑Busch Grower Celebrations — July–September, Idaho Falls, ID and Jonesboro, AR Iowa State Fair — August 17–23, Des Moines, IA Farm Progress Show — September 1–3, Boone, IA Husker Harvest Days — September 15–17, Grand Island, NE USA Rice Outlook Conference — December 13–15, Nashville, TN Additional events to be announced For more information on the ComBar and the Choose Beer Grown Here initiative, visit Anheuser-Busch.com and follow Anheuser-Busch on LinkedIn, Twitter, Facebook, and Instagram.

*Indicates at least 95% of agricultural ingredients are farmed in the U.S. Anheuser-Busch is a proud supporter of American Farmland Trust. Learn more at Farmland.org/USFarmed.

ABOUT ANHEUSER-BUSCH

At Anheuser-Busch, our purpose is to create a future with more cheers. For more than 165 years as a leading American manufacturer, we have delivered a legacy of brewing great-tasting, high-quality beers that have satisfied beer drinkers for generations. As the nation's top brewer, one of the fastest growing spirits companies, and an insurgent force in energy drinks, we drive economic prosperity nationwide through investments in our people, facilities, and communities. We are the only alcohol company that invests in the U.S. at this scale.

We make the nation's most iconic beers, ready-to-drink spirits and beyond beer brands, including Michelob ULTRA – America's #1 top-selling and fastest-growing beer – Busch Light, Budweiser, Bud Light, Stella Artois, Cutwater Spirits, NÜTRL Vodka Seltzer, BeatBox, industry-leading craft beers and non-alcohol beers like Michelob ULTRA Zero. We are guided by our commitment to the communities we call home and to the 65,000 hardworking Americans who bring our products to life. That's who we are. For more information, visit www.anheuser-busch.com or follow Anheuser-Busch on LinkedIn, X, Facebook, and Instagram.

SOURCE Anheuser-Busch

Alcohol companies have had fewer reasons to say "cheers" in recent years.

Volumes have been falling, and the entire business model is undergoing a structural shakeup as younger people drink less. 

The downturn has been driven by a mix of structural and cyclical forces. 

Younger consumers are drinking less, inflation has squeezed discretionary spending, and shifting attitudes toward health and socialising are reshaping demand across beer, wine, and spirits.

There has been a notable shift in drinking patterns as younger people are increasingly drinking less alcohol. 

Cultural changes, inflation, and affordability issues are all eating into alcohol consumption. 

It’s no coincidence that since 2021, alcoholic drinks companies have had a tough time of it as sales of alcoholic beverages have slowed due to the changing drinking habits of a younger cohort of consumers. Whether it be your traditional brewing companies like Heineken and Carlsberg to the likes of Diageo who make the famous Guinness and Johnnie Walker whisky brands the share price performance has been poor.

According to research by the National Institute on Drug Abuse, rates of lifetime, past-year, and past-month alcohol consumption among young people have been declining since around 2000.

Experts also corroborate the decline of alcohol drinking among younger people.

Stephan Kemper, Chief Investment Strategist at BNP Paribas SA, said roughly 36% of Gen Z identify as non-drinkers. He noted that people who do not begin drinking in early adulthood are unlikely to take up the habit later in life.

Millennials, meanwhile, are approaching their peak consumption years, but Kemper argued that the broader decline in alcohol consumption reflects a deeper generational shift rather than a temporary slowdown.

“We are at the beginning of a generational trend which could well accelerate from current levels.”

Inflation and affordability have put a dent in people’s wallets, which has led to cutting down on discretionary spending.

This has affected drinking as consumers pulled their purse strings.

Inflation clearly doesn’t help (falling alcohol consumption), by encouraging households to reduce outside activities: eating at home instead of outside, drinking at home instead of a bar. This is where beverage consumption is the highest... yet, since the pandemic, the downtrending social spectrum, combined with the cost-of-living crisis, hurts.

Recent US inflation data increased to 4.2% in May, a three-year high.

US consumer sentiment also remained low in recent months due to the US-Iran conflict, which affected gas prices, though the latest data showed improvement in the sentiment. 

In the May data, consumer confidence decreased for younger and older customers.

The decline has also been due to a changing perception of young people towards alcohol drinking. 

As more people become health-conscious, their view towards alcohol drinking becomes less favourable. 

Ipek Ozkardeskaya said the shift away from alcohol is increasingly cultural rather than purely economic.

She argued that younger consumers are placing greater emphasis on health, fitness, and personal image, while spending more time online and socializing differently than previous generations.

“We see that the idea of ‘you must drink to have fun’ has been totally scrapped.”

Usage of smart products that track health has also contributed to people drinking less. 

Amanda Wick, Principal at Incite Consulting, pointed out that health wearables and biometric feedback have affected drinking habits "by making alcohol’s effects immediately visible rather than abstract."

Grand View Research data shows that the global wearable medical device market was valued at $54.0 billion in 2025 and is expected to expand rapidly over the coming years.

The market is projected to grow to $68.1 billion in 2026 and reach $330.5 billion by 2033, representing a compound annual growth rate (CAGR) of 29.5% during the forecast period.

Wick said the personal usage of the WHOOP Band showed the detrimental impact of alcohol usage.

In 2026, researchers analyzed data from 30,000 new WHOOP users over 72 weeks and found that self-reported alcohol consumption declined significantly after users began tracking their health metrics. Drinking days fell from 23.0% of days to 17.2% of days—a roughly 25% relative reduction—and reported alcohol volume also declined.

Oura, a company that makes rings that track sleep and activity, has reportedly sold 5.5 million rings in total.

IDC data shows the company was the third most popular wearable brand in terms of unit volume in the US in the first quarter of this year, behind Apple and Google.

Stephan Kemper said the growing use of GLP-1 weight-loss drugs could become another headwind for alcohol consumption.

He noted that these medications appear to reduce a range of addictive behaviours, while the high-calorie content of beer and wine may make them less appealing to consumers focused on weight management.

“While the impact of Ozempic and similar drugs on alcohol consumption is still difficult to isolate precisely, the direction is clear,” Kemper said, adding that the effect is likely to become more pronounced as prescription rates rise.

According to a Morgan Stanley note, the global market for weight loss and obesity could grow to $190 billion by 2035 from $79 billion in 2025.

As more people become proactive in taking care of themselves, it will result in less alcohol drinking.

Major beer and spirit companies have been struggling with either falling volumes or stock slowdown. 

The Johnnie Walker whisky maker, Diageo, has seen its stock fall by over 19% since last year. 

Anheuser-Busch InBev, the world’s largest brewer, fared much better in the last year, with a 13% gain in stock price. 

However, over the last 5 years, the company’s US depository shares have given only 7%returns. 

The company’s struggles led to the replacement of CEO Debra Crew in 2025, with sales of the largest spirit maker in the world declining during her tenure.

The company appointed Dave Lewis as CEO to turn the company around.

In its latest results, the company posted a 0.3% organic sales growth, helped by strong demand in the UK and Ireland and stocking up in Latin American countries ahead of the World Cup.

Diageo’s North American sales have declined 9.4% in its third quarter results.

Anheuser-Busch InBev also saw its North American volume fall by 3.1%, though sales grew in the region grew by 0.9%. 

The company posted volume growth of 0.8% in its latest quarter, increasing for the first time since 2023. 

The growth has been supported by higher prices, while demand for alcoholic beverages has weakened across several markets. 

In 2025, the brewer's total sales volume fell 2.3% from a year earlier, including a 2.6% decline in beer volumes. 

With these challenges, alcohol companies have pivoted to low alcohol drinks. They have also relied on premiumization to combat falling volumes.

Beverage companies are forced to adopt towards 'NoLo-Land' (No/Low Alcohol). The major players have understood the structural shift and are acting on it, albeit with varying degrees of commitment.

Kemper also noted that some companies are adopting the premiumization strategy as a buffer, with higher prices and values per unit sold, which can shield the bottom line. 

Anheuser-Busch InBev has rolled out products such as Budweiser Zero, Corona Cero, and Michelob Ultra Zero, while also rolling out alcohol-free versions of Stella Artois and other core labels.

Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said companies are “streamlining their portfolios by disposing of lower-margin, lower-growth brands. Not only should this help shore up balance sheets and boost margins, but it also means they can allocate more of their advertising budgets to stronger brands to drive better pricing power and offset volume weakness.”

AB InBev Global Chief Marketing Officer Marcel Marcondes said during the company's first quarter results that the company has sharpened its brand strategy, reducing the number of actively marketed labels in each market from around 15 to 20 brands three years ago to a smaller group of three to five "megabrands."

The selection is based on a combination of sales volumes and growth potential.

These flagship brands now account for about 70% of AB InBev's marketing spend, up from 50% in 2021, and contribute roughly 60% of the company's total sales.

Michael Hewson said, “Carlsberg now generates a good deal of revenue from soft drinks and its non-alcoholic range of beers, with its recent acquisition of Britvic helping to push that up to around 30% of group sales.”

Hewson said Diageo has also expanded its range of alcohol-free products, including 0% versions of Guinness, Tanqueray, and Gordon's Gin, as it adapts to changing consumer preferences.

Analysts cautioned that premiumization may become harder to sustain if consumers remain under financial pressure.

Kemper said higher prices have so far helped offset declining volumes and preserve profitability.

However, he warned that the industry's position would become more challenging if both pricing power and volumes weakened at the same time.

Ozkardeskaya said investors largely recognize weak volume growth in developed markets but still expect premiumization and emerging-market demand to support earnings.

She added that those assumptions could come under pressure if inflation remains elevated.

IWSR data indicate that while several mature markets faced pressure, some emerging economies continued to post growth in total beverage alcohol (TBA) consumption.

South Africa recorded year-over-year increases of 4% in volume and 12% in value between 2024 and 2025.

India also delivered solid growth, with beverage alcohol volumes rising 4% and value increasing 5% over the same period.

Valuations across the sector have already fallen sharply.

Kemper noted that alcohol companies have lost more than $800 billion in market value in recent years, leaving beverage stocks' valuation discount to the broader market at a 15-year high.

“While we agree with this argument to a certain degree, we still think that the headwinds could persist as the structural nature of the change might not be fully embraced yet.”

There are near-term tailwinds for these companies, with the World Cup expected to boost beer consumption. 

Jefferies said in a note that "After five successive years of volatility, beer should be better in 2026".

With this edition having more games than the previous one, there are more opportunities for nights out and watch parties, which would increase sales. 

According to Jefferies' estimates, one billion extra pints would be consumed globally, providing a 0.3% lift for the beer category. 

Bernstein also posted a similar view earlier in the year, saying marquee football tournaments increase beer consumption in the host nation by 1.3% above the normal trend. 

Budweiser-maker Anheuser-Busch is expected to be the biggest beneficiary, according to Jefferies, due to its role as the tournament sponsor and strong exposure in the host nations. 

Heineken is also expected to benefit from its exposure to Latin America and Europe. 

For alcohol companies, the challenge is no longer just cyclical weakness but adapting to a market that is changing structurally. 

Younger consumers are drinking less, health-conscious behaviour is becoming mainstream, and inflation continues to pressure discretionary spending. 

Companies have responded with premium products, no- and low-alcohol offerings, and portfolio reshuffles, but analysts say those measures may only partly offset the decline in volumes. 

Near-term events such as the World Cup could provide a temporary boost to beer sales, yet the broader question remains whether the industry can build sustainable growth in a world where drinking is becoming less central to social life.

General Motors (GM) has reportedly held preliminary discussions with RTX (RTX) and other defense contractors about helping weapons makers increase production, a

According to the Stockholm International Peace Research Institute, military spending around the world is rising rapidly, having reached $2.9 trillion in 2025. Europe has led the way in this growth, with a 14% year-over-year (YOY) increase in military spending from 2024 to 2025. Not only are Russia and Ukraine continuing to pour more money into the ongoing war in that region, but a broader rearmament trend is boosting NATO spending; European NATO member military spending rose at its fastest pace since 1953 last year.

For U.S. investors, the easiest access point to the global defense industry is via major domestic players that have an international presence, like RTX NYSE: RTX. However, these plays don't provide direct access to the European market, a segment that can be difficult for investors in other regions to explore. Fortunately, a growing number of defense exchange-traded funds (ETFs) can provide diversified exposure in a ready-made, easy-access portfolio. Beware, though, that not all of these defense ETFs focus exclusively on European names.

Get EUAD alerts:

The Primary Pure-Play European Defense Fund, But Some Performance Issues LingerFor exclusively European aerospace and defense names, the best bet for many U.S. investors is likely to be the Select STOXX Europe Aerospace & Defense ETF BATS: EUAD. Launched in late 2024, EUAD stands alone in the widening list of domestic ETFs for its regional focus on developed European nations. Despite its passive management, this unique exposure allows fund providers to increase the price. EUAD is on offer for an expense ratio of 0.50%, otherwise fairly high for a passive fund.

Select STOXX Europe Aerospace & Defense ETF Today

EUAD

Select STOXX Europe Aerospace & Defense ETF

$41.78 -0.09 (-0.21%)

As of 06/23/2026 05:05 PM Eastern

52-Week Range$37.62▼

$48.43Dividend Yield0.05%

Assets Under Management$1.17 billion

EUAD is also not an especially diversified fund: it has just 23 holdings, including companies deriving a majority of their revenue from making, servicing, supplying, or distributing equipment for European military defense and aeronautics, or related industries.

Investors can expect significant allocations to major producers like Rolls-Royce Holdings OTCMKTS: RYCEY, Safran OTCMKTS: SAFRY, and Airbus Group OTCMKTS: EADSY, each of which accounts for between 17% and 21% of the overall portfolio.

The companies EUAD focuses on are all well-established, which may make the fund a good long-term buy-and-hold investment for investors concerned that, after 61% growth since launch, EUAD's biggest rally may be behind it for the time being.

A Globally-Focused Fund With Greater DiversificationThe Global X Defense Tech ETF NYSEARCA: SHLD is a much larger fund than EUAD—it has several times the managed assets and a significantly higher one-month average trading volume approaching 2 million.

Global X Defense Tech ETF Today

SHLD

Global X Defense Tech ETF

$60.56 -0.03 (-0.05%)

As of 06/23/2026 05:19 PM Eastern

52-Week Range$57.14▼

$78.49Assets Under Management$7.22 billion

Its expense ratio also matches EUAD's exactly at 0.50%. However, SHLD is certainly not as direct a means of accessing the European market in particular. While SHLD offers exposure to key European defense players—companies like Rheinmetall OTCMKTS: RNMBY and BAE Systems OTCMKTS: BAESY, among others—more than 62% of its portfolio is U.S. firms. Combined, British, German, French, and Italian companies make up about only about 20% of the total basket, although a handful of additional European nations bring that exposure up slightly.

Still, the 50 or so holdings in SHLD's portfolio have fared very well since the fund launched in the fall of 2023 and are up about 8% in the last year.

A Top-Performing Fund With an Active ApproachFor an actively managed approach, one of the few options available to investors with a global focus is the U.S. Global Technology and Aerospace & Defense ETF NYSEARCA: WAR, a fund holding some 30 defense industry names from around the globe. Like SHLD, WAR does not specifically focus on European names—however, its largest holding is Swedish defense contractor MilDef Group AB, and it also carries shares of Rolls-Royce and other prominent European companies.

U.S. Global Technology and Aerospace & Defense ETF TodayWAR

U.S. Global Technology and Aerospace & Defense ETF

$32.28 -1.60 (-4.72%)

As of 06/23/2026 05:05 PM Eastern

52-Week Range$22.40▼

$36.16Dividend Yield9.14%

Assets Under Management$40.49 million

WAR's industry purview is a bit broader than the funds above, as this ETF also holds firms involved in cybersecurity, data centers, semiconductors, and more.

Because it is actively managed, it has a slightly higher annual fee of 0.60%, as well as a much smaller asset base and trading volume than even EUAD above.

For investors primarily focused on recent performance, however, WAR stands out above these peers. The fund has returned an impressive 42% year-to-date (YTD. By comparison, one of the largest defense ETFs available to investors—the iShares U.S. Aerospace & Defense ETF BATS: ITA, with nearly $14 billion in assets under management and a focus on North American companies—has returned only 12% YTD. Investors willing to spend a bit more may be handily rewarded by WAR's strategy.

Should You Invest $1,000 in Select STOXX Europe Aerospace & Defense ETF Right Now?Before you consider Select STOXX Europe Aerospace & Defense ETF, you'll want to hear this.

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

While Select STOXX Europe Aerospace & Defense ETF currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Key Takeaways Collins Aerospace provides avionics, navigation and communication systems across aviation platforms.RTX's connected technologies help improve aircraft efficiency, performance and situational awareness.Growing demand for digitally connected aircraft supports opportunities in commercial and defense markets. RTX Corporation (RTX - Free Report) , through its Collins Aerospace business, continues to expand its presence in connected aviation technologies that support aircraft operations, communication and data management. As airlines and aircraft operators increasingly rely on real-time information to improve efficiency and decision-making, demand remains strong for advanced avionics, connectivity and digital aviation solutions. These technologies help operators optimize flight operations while enhancing situational awareness across commercial and defense platforms.

Connected aviation has become an increasingly important part of modern aerospace operations. Collins Aerospace provides avionics, communications, navigation and data-management systems that enable aircraft to exchange critical information throughout a mission or flight. These capabilities support improved operational efficiency, aircraft performance and mission effectiveness while helping customers manage increasingly complex operating environments.

The company also benefits from its broad presence across commercial and military aircraft platforms. As fleets modernize and aircraft become more digitally connected, demand continues to grow for integrated avionics and communication systems. This positions RTX to support both new aircraft production and long-term platform upgrades across a wide range of aerospace customers.

As aviation systems become increasingly data-driven, connected technologies are expected to play a larger role in future aircraft operations. Through Collins Aerospace, RTX continues strengthening its capabilities in this area, supporting long-term opportunities across commercial aviation, defense and next-generation aerospace platforms.

Companies Expanding Connected Aviation CapabilitiesThe growing adoption of digital aviation technologies is driving investment in avionics, communications and aircraft connectivity solutions. Companies like Honeywell International Inc. (HON - Free Report) and L3Harris Technologies, Inc. (LHX - Free Report) are also expanding capabilities in this area.

Honeywell develops connected cockpit technologies, avionics systems and flight-management solutions that support aircraft communication, navigation and operational efficiency.

L3Harris Technologies provides avionics, mission networks and communication systems that enable data sharing, situational awareness and connectivity across commercial and defense aerospace platforms.

Earnings Estimates for RTXThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests year-over-year growth of 9.86% and 8.96%, respectively.

Image Source: Zacks Investment Research

RTX Stock Trading at a DiscountRTX is trading at a discount relative to the industry, with a forward 12-month price-to-sales of 2.58X compared with the industry average of 2.61X.

Image Source: Zacks Investment Research

RTX Stock Price PerformanceOver the past year, RTX shares have rallied 27.3% compared with the industry’s 4% growth.

Image Source: Zacks Investment Research

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

Morgan Stanley preferreds MS.PR.A and MS.PR.E offer distinct risk-reward profiles amid changing rate environments and call risk. While the economic world has shifted since my last review, adding uncertainty to where interest rates are going, my ratings for both remain unchanged. MS.PR.A keeps it Sell rating due to risk of price drop if the coupon falls to the 4% floor, potentially reducing yield and capital value.

HomeMarketsPublished: June 18, 2026 at 6:08 a.m. ET

Federal Reserve Chair Kevin Warsh says he wants to listen to signals from markets more. Strategists at Morgan Stanley say markets may regret being in charge.

“If the Fed were to follow market pricing and deliver a hike this year, we think the market will eventually view this as a policy mistake,” say Morgan Stanley fixed-income strategists led by Matthew Hornbach.

About the Author

Nora Redmond is a MarketWatch reporter based in London.

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If the project is carried out, Morgan Stanley would join a host of other financial institutions to establish or expand operations in Texas over the last several years.

Key Takeaways NOW reported that average AI Control Tower deal sizes more than doubled sequentially in Q1 2026.ServiceNow's platform leverages billions of workflows and transactions to support AI governance.NOW is seeing AI Control Tower demand rise alongside broader adoption of Now Assist products. ServiceNow (NOW - Free Report) is seeing strong demand for AI Control Tower. Rising adoption of AI tools is creating the need for visibility into how these systems operate, what actions they take and whether they comply with company policies. This is where ServiceNow's AI Control Tower comes in to address the above-mentioned requirements and help customers monitor, manage and govern AI agents from a single platform.

Average AI Control Tower deal sizes more than doubled sequentially in the first quarter of 2026. Per management, customers view AI governance more as a requirement rather than an optional feature. Further, as AI agents become more capable and are used across more business functions, they need a platform that can monitor and govern these systems, which should help drive demand for AI Control Tower.

ServiceNow believes its large workflow platform gives AI Control Tower a significant advantage. Management stated that its systems have been trained on more than 95 billion workflows and over seven trillion transactions. Through its Context Engine, AI Control Tower can use information from existing workflows, approvals and business rules to help customers manage AI-driven actions. This allows organizations to manage AI-driven actions using existing business controls and governance frameworks.

Rising adoption of ServiceNow's AI products is boosting the demand for AI Control Tower. For instance, Now Assist is helping generate interest in AI Control Tower as customers expand AI deployments across their organizations. Further, with rising AI adoption, governance becomes more important, and this positions AI Control Tower to become a meaningful contributor to ServiceNow's future growth.

The Zacks Consensus Estimate for ServiceNow's 2026 and 2027 revenues indicates year-over-year growth of 21.9% and 18.1%, respectively.

ServiceNow Faces Stiff CompetitionServiceNow is facing stiff competition from the likes of Salesforce (CRM - Free Report) and Atlassian (TEAM - Free Report) .

Salesforce competes with ServiceNow through its offerings such as Agentforce, Data Cloud and Slack, through which it creates a unified ecosystem and connects customer data with integrated AI across systems, apps and devices. In the first quarter of fiscal 2027, Agentforce’s annual recurring revenues (ARR) surpassed $1 billion, up in triple digits year over year. Salesforce expects this momentum to continue in fiscal 2027, on the back of robust customer demand for its agentic offerings.

Atlassian competes with ServiceNow through its suite of cloud-based software solutions, such as Jira, Rovo and Teamwork Graph, which help organizations collaborate and manage their workforce. In the third quarter of fiscal 2026, Atlassian continued to add millions of monthly active users to Rovo, while strong customer engagement across Jira helped the company's cloud business grow 29% on a year-over-year basis.

NOW’s Share Price Performance, Valuation & EstimatesServiceNow shares have plunged 37.1% year to date compared with the Zacks Computers - IT Services industry’s decline of 21.7%.

NOW’s YTD Price Performance
Image Source: Zacks Investment Research

ServiceNow stock is overvalued, with a forward 12-month price/earnings (P/E) of 21.04X compared with the industry’s 17.71X. NOW has a Value Score of D.

NOW Forward 12 Months (P/E) Valuation Chart
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for ServiceNow’s 2026 earnings is pegged at $4.14 per share, unchanged over the past 30 days. The figure indicates a 17.95% increase year over year.

Image Source: Zacks Investment Research

ServiceNow stock currently carries a Zacks Rank #4 (Sell).

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

After a huge run this spring, the tech sector took a breather, giving back some of its big gains. During this pullback, several artificial intelligence (AI) stocks were hit harder than others. However, many of these stocks look well positioned for the long term and are strong rebound candidates.

Let's look at three AI stocks that were overly punished and could be great buys for the long haul.

Image source: Getty Images.

1. Broadcom: A huge custom chip and networking opportunity Broadcom (AVGO 3.06%) not only got swept up in the recent tech sell-off, but investors also sold off the stock after the company didn't raise its fiscal 2027 outlook for AI chip revenue. Broadcom is still in the middle of its fiscal 2026 year, so there was no need to be pushing up this number so soon.

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Nonetheless, the company has a huge AI opportunity. It's one of the go-to businesses to help hyperscalers develop custom AI accelerators.

Broadcom is currently riding the wave of Alphabet's success with its tensor processing units (TPUs), which it co-developed, and the huge amount it is spending on AI infrastructure. Broadcom projects its AI chip revenue will exceed $100 billion next fiscal year, which is more than the $64 billion in total revenue it generated in fiscal 2025.

The company is also a leader in co-packaged optics and data center networking, which feed directly into its custom chip business. With such a huge opportunity, this is a stock you want to pick up on this dip.

2. Amazon: The e-commerce and cloud leader Amazon (AMZN +0.69%) was another stock that took a hit in the recent tech sell-off. However, this is a company that is just starting to really hit its stride.

In its e-commerce business, the company is seeing tremendous operating leverage with investments in AI and robotics. In the retail space, Amazon is far ahead in these areas, and it is really helping drive efficiencies and cost savings, which are leading to strong profit growth. This is an underappreciated part of its story, and the company doesn't get nearly enough credit for being the largest maker and operator of robots in the world, largely because it uses them internally.

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The same can be said about its chip segment. This is a $20 billion run-rate business, but it's closer to $50 billion when taking into account internal use. This use saves Amazon on capital expenditures and inference expenses.

The company has good momentum in its cloud computing business, Amazon Web Services (AWS), with large commitments and partnerships with Anthropic and OpenAI. AWS revenue growth has been accelerating and should continue to pick up through the rest of the year.

Overall, with leading e-commerce and cloud businesses, Amazon is a top stock to pick up on this pullback.

3. ServiceNow: An agentic AI winner ServiceNow (NOW +3.28%) had started to recover from the sell-off in software-as-a-service (SaaS) stocks this spring, only to see its shares pushed back down in this latest tech dip. However, the company remains one of the most intriguing beaten-down SaaS stocks, looking very well positioned to be an AI beneficiary.

The company's strength lies in the fact that its platform is used by information technology departments to run their entire software stacks. Its configuration management database is entrenched in its customers' workflow and data, and it maps the structural relationships among hardware, software, cloud services, and business processes.

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This makes it an irreplaceable system of record and is the foundation of its push into agentic AI orchestration. Its new AI Control Tower monitors every AI agent model running within a business, making sure they follow governance rules and are performing as advertised.

With agentic AI still in its early phases, this is an enormous opportunity, and ServiceNow looks like the company best positioned to become the leader in this space.

ServiceNow (NOW) just landed another example of how AI governance is becoming a real enterprise need.Inspira Enterprise, a global cybersecurity provider, is usi

In the latest trading session, ServiceNow (NOW - Free Report) closed at $93.01, marking a -2.14% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.37%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 1.33%.

Heading into today, shares of the maker of software that automates companies' technology operations had lost 6.94% over the past month, lagging the Computer and Technology sector's gain of 4.52% and the S&P 500's gain of 2.02%.

The investment community will be closely monitoring the performance of ServiceNow in its forthcoming earnings report. In that report, analysts expect ServiceNow to post earnings of $0.86 per share. This would mark year-over-year growth of 4.88%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.92 billion, indicating a 22% increase compared to the same quarter of the previous year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.13 per share and a revenue of $16.18 billion, signifying shifts of +17.66% and +21.88%, respectively, from the last year.

Investors should also pay attention to any latest changes in analyst estimates for ServiceNow. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. ServiceNow is currently a Zacks Rank #4 (Sell).

From a valuation perspective, ServiceNow is currently exchanging hands at a Forward P/E ratio of 23.01. This denotes a premium relative to the industry average Forward P/E of 12.73.

Also, we should mention that NOW has a PEG ratio of 0.9. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Computers - IT Services industry had an average PEG ratio of 1.11.

The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 33% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

© 2015 Getty Images / Getty Images News via Getty Images

Everyone is still piling into Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) after another blowout earnings report, with U.S. commercial revenue exploding 133% year over year and CEO Alex Karp bragging about a Rule of 40 score of 145%. But here’s what you should actually be watching.

The Palantir Trade Is Already Priced for Three Perfect Years Palantir is a great company carrying a terrible setup. At $128.47, the stock trades at a trailing P/E of 147, a forward P/E of 89, and a price-to-sales ratio of 60. The market cap sits at $313 billion on trailing revenue of $5.2 billion. That is consulting-flavored government software priced like the second coming of NVIDIA (NASDAQ:NVDA).

The stock is already telling you something. PLTR is down 27.72% year to date and 8.21% over the past year despite revenue growth accelerating from 48% to 84.7%. When fundamentals improve and the stock falls, that is multiple compression in real time. The 10-year Treasury yield at 4.49%, sitting in the 94.4th percentile of its 12-month range, is squeezing every priced-for-perfection multiple in the market. Insiders are net selling. Polymarket traders are clustered on a $120 price by July 1. The smart money is heading for the door while retail celebrates the headline.

ServiceNow Is the Cash Flow Fortress Built for This Tape ServiceNow (NYSE:NOW) is the opposite trade. Trading at $95.04, down 37.96% year to date and 51.61% over the past year, the stock has already absorbed the macro punch. The forward P/E has compressed to 24, and analysts carry a consensus target of $141.98 with 43 buy ratings against one sell. Three reasons retirement-focused investors should keep an eye on this stock.

1. A backlog the size of a small economy. Current remaining performance obligations of $12.85 billion grew 25% year over year in Q4. That is locked-in subscription revenue from sticky multi-year enterprise contracts. When the VIX spiked to 31.05 in late March, ServiceNow’s customers did not cancel their workflow platforms.

2. Real margins, real cash. FY25 free cash flow hit $4.58 billion, up 34%. Non-GAAP operating margin expanded to 31% and is guided to 32% for FY26 alongside a 36% FCF margin. Management added a $5 billion buyback authorization in January with a $2 billion accelerated repurchase on deck.

3. AI monetization that is already paying rent. Now Assist net new ACV more than doubled year over year in Q4. The company landed 244 deals over $1 million, closed Moveworks in December 2025, and is integrating with Anthropic, OpenAI, and Microsoft Agent 365. As CEO Bill McDermott put it, “there is no AI company in the enterprise better positioned for sustainable profitable revenue growth than ServiceNow.”

The Action Tighter central bank liquidity is exposing priced-for-perfection growth multiples, and PLTR is the textbook example. ServiceNow stands out as the subscription cash machine growing 20%-plus with a $104 billion market cap and a fortress balance sheet. ServiceNow looks well-positioned for this tape.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Let's take a look at what these Wall Street heavyweights have to say about ServiceNow (NOW - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

ServiceNow currently has an average brokerage recommendation (ABR) of 1.33, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 45 brokerage firms. An ABR of 1.33 approximates between Strong Buy and Buy.

Of the 45 recommendations that derive the current ABR, 37 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 82.2% and 6.7% of all recommendations.

Brokerage Recommendation Trends for NOW

Check price target & stock forecast for ServiceNow here>>>

While the ABR calls for buying ServiceNow, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.

Is NOW a Good Investment?In terms of earnings estimate revisions for ServiceNow, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $4.13.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for ServiceNow. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for ServiceNow.

ServiceNow stock is surging to new heights today. Why is NOW stock surging? Software Rebound Lifts Oversold NamesServiceNow is climbing alongside a broader bounce in the software sector after several weeks of heavy pressure tied to rising Treasury yields and shifting Federal Reserve expectations. High‑multiple software stocks were among the hardest hit during last week’s volatility, as investors rotated out of growth names and into more defensive areas of the market.

ServiceNow is benefiting from that reversal. Traders are stepping back into software after the group became technically oversold, with many names showing signs of stabilizing following a sharp pullback.

The move comes as investors reassess whether the recent sell‑off in high‑growth tech went too far too quickly. With no company‑specific news driving the action, the stock is largely participating in a sector‑wide recovery.

NOW Technical Levels To WatchOn the longer‑term trend view, ServiceNow is still stuck in a weakened structure. The stock has dropped 50.48% over the past year and it remains far below the 200‑day simple moving average at $136.32, which keeps the primary trend pointed lower. Even with today’s rebound, the share price is still 28.7% under the 200‑day level, so any strength can run into heavy overhead supply.

Momentum indicators reflect the same hesitation. The MACD line is below the signal line and the histogram remains negative. That combination shows that upside momentum is fading compared with the prior upswing. When MACD sits under the signal line, it often signals a rally that needs stronger buying pressure to avoid losing steam.

Key resistance is near $111.00, which aligns with the 100‑day simple moving average at $104.01 and the 100‑day exponential moving average at $111.01. This creates an important test for any rebound attempt. Key support is near $85.50, just above the $81.24 twelve‑month low where buyers stepped in during the April washout.

NOW Shares Are ClimbingNOW Price Action: ServiceNow shares were up 4.44% at $97.14 at the time of publication on Tuesday, according to Benzinga Pro.

Image: JarTee/Shutterstock

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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Intuit, Inc. ("Intuit" or the "Company") (NASDAQ: INTU).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Intuit and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 20, 2026, Intuit released its fiscal Q3 2026 financial results, which included its 2026 tax season revenue.  Intuit stated that it "did not have the overall tax season we expected" and that it "faced pressure among the most price-sensitive DIY filers."  Intuit said that "[w]e [lost] on price," and revealed that the Company needed to evolve its business model by delivering the right lineup and price points to meet simple filers' needs at the low end.  Intuit also announced that TurboTax online paying units were expected to grow by only 2% as total IRS filers were expected to decline by approximately 30 basis points, representing the "most significant industry-wide contraction since the post-COVID tax season." 

On this news, Intuit's stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

NEW YORK, June 19, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Intuit Inc. (NASDAQ:INTU) for potential securities fraud after its significant stock drop.

If you invested in Intuit, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/intuit-class-action-lawsuit.

Key Details of the Intuit ($INTU) Class Action Investigation:

Investigation Overview: Securities fraud regarding the company’s price positioning among DIY tax filers ahead of and during the 2026 tax seasonStock Decline: May 20, 2026 – 20% Stock DropAction: Contact BFA Law to discuss your rights
Why is Intuit Being Investigated for Securities Fraud?

Intuit is a financial technology platform that serves consumers, small and mid-market businesses, and accountants through its offerings, which include TurboTax, Credit Karma, and QuickBooks.

During the relevant period, Intuit told investors that it had been preparing for the 2026 tax season “a couple of years ago” and that the company understood what worked in 2025, which was “being at the lowest price compared to alternatives.” Intuit also stated that the 2026 tax season was “off to a strong start” as the company was poised to deliver the “best price for our customers.”

In truth, it appears that the company was facing pressure among the most price-sensitive DIY tax filers and was not competitive on price in this segment.

Why did Intuit’s Stock Drop?

On May 20, 2026, Intuit released its fiscal Q3 2026 financial results, which included its 2026 tax season revenue. Intuit stated that it “did not have the overall tax season we expected” and that it “faced pressure among the most price-sensitive DIY filers.” Intuit stated that “[w]e [lost] on price,” and revealed that the company needed to evolve its business model by delivering the right lineup and price points to meet simple filers’ needs at the low end. Intuit also announced that TurboTax online paying units were expected to grow by only 2% as total IRS filers were expected to decline by approximately 30 basis points, representing the “most significant industry-wide contraction since the post-COVID tax season.”

This news caused the price of Intuit stock to decline $76.86 per share, or 20%, from a closing price of $383.93 per share on May 20, 2026, to $307.07 per share on May 21, 2026.

Click here for more information: https://www.bfalaw.com/cases/intuit-class-action-lawsuit.

What Can You Do?

If you invested in Intuit, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/intuit-class-action-lawsuit

Or contact:

Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/intuit-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

NEW YORK, June 22, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Intuit Inc. (NASDAQ:INTU) for potential securities fraud after its significant stock drop.

If you invested in Intuit, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/intuit-class-action-lawsuit.

Key Details of the Intuit ($INTU) Class Action Investigation:

Investigation Overview: Securities fraud regarding the company’s price positioning among DIY tax filers ahead of and during the 2026 tax seasonStock Decline: May 20, 2026 – 20% Stock DropAction: Contact BFA Law to discuss your rights Why is Intuit Being Investigated for Securities Fraud?

Intuit is a financial technology platform that serves consumers, small and mid-market businesses, and accountants through its offerings, which include TurboTax, Credit Karma, and QuickBooks.

During the relevant period, Intuit told investors that it had been preparing for the 2026 tax season “a couple of years ago” and that the company understood what worked in 2025, which was “being at the lowest price compared to alternatives.” Intuit also stated that the 2026 tax season was “off to a strong start” as the company was poised to deliver the “best price for our customers.”

In truth, it appears that the company was facing pressure among the most price-sensitive DIY tax filers and was not competitive on price in this segment.

Why did Intuit’s Stock Drop?

On May 20, 2026, Intuit released its fiscal Q3 2026 financial results, which included its 2026 tax season revenue. Intuit stated that it “did not have the overall tax season we expected” and that it “faced pressure among the most price-sensitive DIY filers.” Intuit stated that “[w]e [lost] on price,” and revealed that the company needed to evolve its business model by delivering the right lineup and price points to meet simple filers’ needs at the low end. Intuit also announced that TurboTax online paying units were expected to grow by only 2% as total IRS filers were expected to decline by approximately 30 basis points, representing the “most significant industry-wide contraction since the post-COVID tax season.”

This news caused the price of Intuit stock to decline $76.86 per share, or 20%, from a closing price of $383.93 per share on May 20, 2026, to $307.07 per share on May 21, 2026.

Click here for more information: https://www.bfalaw.com/cases/intuit-class-action-lawsuit.

What Can You Do?

If you invested in Intuit, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/intuit-class-action-lawsuit

Or contact:

Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/intuit-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Intuit, Inc. (“Intuit” or the “Company”) (NASDAQ: INTU).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Intuit and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 20, 2026, Intuit released its fiscal Q3 2026 financial results, which included its 2026 tax season revenue.  Intuit stated that it “did not have the overall tax season we expected” and that it “faced pressure among the most price-sensitive DIY filers.”  Intuit said that “[w]e [lost] on price,” and revealed that the Company needed to evolve its business model by delivering the right lineup and price points to meet simple filers’ needs at the low end.  Intuit also announced that TurboTax online paying units were expected to grow by only 2% as total IRS filers were expected to decline by approximately 30 basis points, representing the “most significant industry-wide contraction since the post-COVID tax season.” 

On this news, Intuit’s stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

Headline-driven capital flight out of defense equities routinely engineers textbook fundamental mispricings.

When the framework for a Middle East peace agreement hit the newswires recently, algorithm-driven selling accelerated the rotation, triggering a sharp flight from defense and crude oil. The logic appears sound to a passive observer. Fewer active regional conflicts must equal reduced defense spending.

That surface-level assumption completely ignores the mechanical realities of the defense industrial base. The broader market selloff hit legacy contractors indiscriminately, dragging Lockheed Martin NYSE: LMT shares down toward below the $529 mark.

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Lockheed Martin Corporation (LMT) Price Chart for Wednesday, June, 24, 2026

Wall Street exacerbated this slide by hyper-focusing on the first-quarter earnings report, in which Lockheed Martin reported earnings per share of $6.44, below consensus estimates of $6.79.

Markets incorrectly conflated this temporary margin compression with long-term demand destruction. The current valuation of Lockheed Martin reflects what may be an overreaction to geopolitical headlines, masking a structural backlog that is less directly tied to near-term peace developments than the stock’s move may imply.

Refueling Mid-Air: A $2.8 Billion Sustainment WinLockheed Martin Today

LMT

Lockheed Martin

$504.11 +10.51 (+2.13%)

As of 06/23/2026 03:58 PM Eastern

52-Week Range$410.11▼

$692.00Dividend Yield2.74%

P/E Ratio24.41

Price Target$620.68

Military spending operates on decades-long modernization cycles, not daily news cycles.

The United States military is executing a massive, structural upgrade of its air fleet regardless of temporary geopolitical truces. Right in the middle of the sector-wide drawdown, the Department of Defense awarded Lockheed Martin two contracts totaling $2.8 billion.

The primary agreement is a $2.29 billion cost-plus-incentive-fee contract for F-35 Lightning II sustainment. In the defense sector, procurement is only the first step in the revenue cycle. Sustainment covers site activation, fleet management, and ongoing reliability improvements. The Department of Defense operates on a recurring revenue model with major contractors. Selling the initial aircraft provides a baseline margin, but decades of required maintenance, software upgrades, and parts replacements drive true long-term profitability for Lockheed Martin.

This sustainment revenue is supported by a severe readiness deficit within the United States military. A recent Government Accountability Office report revealed that F-35 full mission capability rates dropped to a concerning 25%. To arrest this decline, the Pentagon submitted a funding request for an additional $13.7 billion through 2031 to address spare part shortages and maintenance backlogs. Aircraft readiness functions completely independently of active combat deployments.

The Department of Defense also awarded the Sikorsky Aircraft subsidiary of Lockheed Martin a secondary firm-fixed-price contract worth $525 million for the development and modernization of the CH-53K heavy-lift helicopter program. These logistical upgrades highlight exactly how structural spending acts as a financial moat against sector volatility.

Cruising Altitude: Lockheed Martin's $194 Billion BacklogUnderstanding the severe disconnect between Lockheed Martin's current share price and its intrinsic value requires a close look at its underlying valuation metrics. Lockheed Martin trades at a forward price-to-earnings (P/E) ratio of nearly 18. The forward P/E ratio measures a company's current share price relative to its projected per-share earnings. Trading at an 18 multiple is highly attractive for a business generating $75.05 billion in annual sales and with a near-monopoly in fifth-generation fighter production.

A price-to-earnings-to-growth ratio of 0.98 signals that shares are priced at parity with projected growth rates. Finding a blue-chip industrial trading at a discount to its growth curve remains a rare anomaly in the current macroeconomic environment.

More importantly, Lockheed Martin has a $186 billion total backlog, which acts as a massive financial shock absorber. A backlog is a list of orders that have been received but not yet fulfilled. When Lockheed Martin's backlog exceeds its entire market capitalization of nearly $124 billion, the downside risk profile narrows significantly.

Current options chain dynamics support this technical floor, indicating a sharp contraction in implied volatility for near-term out-of-the-money puts. Institutional hedging reflects rigid support near the $525 to $530 range, effectively neutralizing downside risk for Lockheed Martin.

Safe Landings: Yield Support in a Turbulent MarketCapital rotating into Lockheed Martin during this drawdown receives immediate, tangible yield. Lockheed Martin approved a second-quarter dividend of $3.45 per share, payable on June 26, rewarding patient capital while the broader market digests the geopolitical headlines.

Lockheed Martin Stock Forecast Today12-Month Stock Price Forecast:
$620.68
23.12% Upside

Hold
Based on 21 Analyst Ratings

Current Price$504.11High Forecast$735.00Average Forecast$620.68Low Forecast$460.00Lockheed Martin Stock Forecast Details

Institutional desks clearly see the value proposition and are aggressively accumulating shares of Lockheed Martin.

Korea Investment Corp increased its position in Lockheed Martin by 17.1% during the fourth quarter. Top-tier analysts diverge sharply from the broader market's cautious sentiment.

Although the broader analyst consensus remains Hold, with an average price target of about $620.68, Susquehanna maintains a massive $700 price target, and Morgan Stanley holds firm at $653.

These targets imply healthy upside and reflect deep institutional confidence in Lockheed Martin's underlying business fundamentals.

Short sellers hold an anemic 1.15% of the free float, confirming the total absence of genuine downward institutional pressure against Lockheed Martin.

The industrial base is actually expanding capacity to meet structural demand, even as the stock market sells the defense sector on peace news. General Motors NYSE: GM is currently in talks to manufacture commonly used weapons parts for Lockheed Martin, aiming to clear persistent munitions bottlenecks driven by recent global inventory depletion.

Final Approach: A Defense Modernization PlayThe market fundamentally misprices legacy defense contractors by tying them solely to active regional conflicts. Predictable sustainment programs and structural modernization upgrades constitute a durable financial moat for Lockheed Martin. The recent $2.8 billion in targeted contract awards proves that baseline military infrastructure spending remains incredibly robust.

Investors watching the headline-driven capital flight might consider evaluating how Lockheed Martin's high-visibility Department of Defense cash flow and attractive forward multiple position it for resilient, long-term outperformance.

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

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#TheMorningFilter #PortfolioRebalance #StockInvesting These value stocks can balance portfolios heavy in growth stocks—and they're undervalued, too. Watch The Morning Filter: https://www.youtube.com/live/aZZpyIILz3E?si=2QmG7OPY-biqvACZ 00:00:00 Introduction 00:00:32 Bristol-Myers Squibb BMY 00:01:09 Clorox CLX 00:02:50 Lockheed Martin LMT Watch more from Morningstar: 2 Overpriced Stocks to Sell https://youtu.be/2cDEjYfOvKI?si=3eirkC5_eHvZVWzT Ignore the Noise: These 2 Undervalued Stocks Could Be Winners https://www.youtube.com/watch?v=J07j3bAG2_g 3 More Stocks to Buy After Earnings https://www.youtube.com/watch?v=wB9mWstXyuA&t=21s Follow Morningstar on social: Facebook: https://www.facebook.com/MorningstarInc/ X: https://x.com/MorningstarInc Instagram https://www.instagram.com/morningstarinc/?hl=en LinkedIn: https://www.linkedin.com/company/5161/