ASTS stock is climbing. See the chart and price action here. Momentus’ New ContractMonmentus shares are up 9.04% to $10.15 intraday. Wednesday's strength follows a new contract announcement with the University of Colorado Boulder’s Laboratory for Atmospheric and Space Physics, where Momentus will host and operate the Occultation Wave Limb Sounder mission aboard its Vigoride-9 Orbital Service Vehicle.
The deal adds an academic customer to a roster that already includes NASA and the U.S. Department of Defense.
MNTS stock remains up more than 100% year-to-date despite a 27% drop on June 12 after pricing a $25 million registered direct offering.
AST SpaceMobile Launches SatellitesASTS is adding 6.75% to $87.80 after successfully launching BlueBird 8, 9, and 10 satellites aboard a SpaceX Falcon 9 rocket from Cape Canaveral on Wednesday morning.
The launch advances the company’s space-based cellular broadband constellation and keeps its direct-to-device deployment timeline intact.
ASTS had been under pressure following the SPCX debut, falling more than 20% from its all-time high.
The BlueBird launch — along with growing investor attention on a potential Japanese government satellite broadband contract expected to be awarded this month — is helping restore confidence heading into summer.
Around The SectorThe broader space sector is moving higher Wednesday.
Looking AheadThe SpaceX IPO initially acted as a capital vacuum, drawing money away from smaller public space plays. The dynamic may have flipped.
With the IPO hype absorbed and a confirmed BlueBird launch providing a concrete operational milestone, investors appear ready to revisit the commercial space sector.
Whether Wednesday's session marks a durable re-rating or another short-lived bounce remains to be seen — but for now, the space trade is back on.
Image: Shutterstock
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AST SpaceMobile (ASTS) rose 5.08% intraday after confirming the successful orbital launch of BlueBirds 8, 9, and 10, aboard a SpaceX (SPCX) Falcon 9 from Cape C
AST SpaceMobile Inc (NASDAQ:ASTS) shares moved about 4% higher on Wednesday after the company announced the successful launch of three new BlueBird satellites, expanding its planned space-based cellular broadband network.
The satellites, designated BlueBirds 8, 9 and 10, were launched aboard a SpaceX Corp (NASDAQ:SPCX) Falcon 9 rocket from Cape Canaveral Space Force Station at 2:39 a.m. Eastern Daylight Time.
According to the company, the satellites are the largest commercial communications arrays deployed in low Earth orbit, with antenna arrays measuring about 2,400 square feet. AST SpaceMobile said the satellites are designed to provide direct connectivity to standard smartphones without requiring specialized equipment.
The company said the new Block 2 BlueBird satellites are expected to deliver peak data speeds of nearly 200 megabits per second, roughly double the performance target of its initial Block 1 satellites. Earlier this year, AST SpaceMobile reported peak download speeds of 98.9 Mbps during testing of its first-generation satellites.
AST CEO Abel Avellan said the launch marks another step in the company's effort to build a global space-based cellular broadband network.
“Our team has built a new class of space-based cellular broadband technology that connects seamlessly to everyday smartphones. This is a fundamental transformation of how the world connects,” Avellan said. “We invented this market, and we are executing and advancing our network to make global, space-based cellular broadband a reality.”
He added that BlueBirds 11, 12 and 13 are being prepared for shipment ahead of a future launch, while satellites through BlueBird 37 are already in production and assembly.
AST SpaceMobile said the growing constellation is intended to support voice, data and video services directly to conventional 4G and 5G smartphones through partnerships with mobile network operators. The company has agreements with nearly 60 operators worldwide representing more than 3 billion subscribers, including AT&T, Verizon, Vodafone, Rakuten, Bell, Telus and stc Group.
The company said it is targeting initial service activation and expanded coverage across markets including the United States, Canada, Europe, Saudi Arabia and Japan as additional satellites are deployed.
Key Takeaways ASTS is expanding its space-based cellular network and targets 45 BlueBird satellites in orbit in 2026.ASTS has nearly 60 mobile operator partners, covering more than 3 billion subscribers worldwide.ASTS faces pressure from Starlink, Globalstar and Amazon, while launch and execution risks persist. AST SpaceMobile (ASTS - Free Report) is steadily expanding its space-based cellular broadband network portfolio. The company is gearing up for the launch of BlueBird satellites 8, 9 and 10. As the company moves closer to commercial deployment, ASTS has created several strategic advantages.
Its ecosystem includes nearly 60 global mobile network operator partners covering over 3 billion subscribers, and it has secured over $1.2 billion in contracted revenue commitments from commercial partners. Growing collaboration with leading telecom operators such as AT&T, Verizon, Vodafone, Rakuten, Bell Canada and TELUS has significantly broadened its footprint worldwide. The FCC authorization for U.S. operations using spectrum coordinated with Verizon, AT&T and FirstNet further deepens these relationships. The company targets approximately 45 BlueBird satellites in orbit during 2026.
Key Challenges for ASTSHowever, despite these positive factors, the company faces some major challenges. The mobile satellite services market is becoming highly competitive. The company faces competition from players such as Space Exploration Technologies Corp. (SPCX - Free Report) and Globalstar (GSAT - Free Report) that are advancing LEO (Low Earth Orbit) based connectivity solutions. SpaceX’s Starlink is ahead of ASTS in terms of commercial deployment. The company already offers messaging solutions and is developing voice communication. Its partner base includes T-Mobile, Rogers, Virgin Media O2 and others.
Despite SpaceX’s first-mover advantage, ASTS aims to leapfrog directly into cellular broadband from space. It has to be seen whether ASTS’s broader partner ecosystem, boasting a 3 billion subscriber base, can offset SpaceX’s first-mover advantage.
It is to be noted that SpaceX’s business model is completely vertically integrated. Its value chain incorporates satellite manufacturing, rocket building, launch operations and ground stations. ASTS relies on third-party launch providers, and any failure, delay, or underperformance could disrupt satellite deployment and push out commercialization timelines. In April 2026, the Block 2 BlueBird 7 satellite was placed into a lower-than-planned orbit, separated and powered on, but was de-orbited because the altitude was too low for sustained operations. Scale and execution risk remain one of the biggest concerns for investors regarding ASTS.
Amazon (AMZN - Free Report) is set to acquire Globalstar. Amazon will gain access to Globalstar's satellite assets, mobile satellite spectrum and Globalstar’s D2D expertise. Upon completion of the acquisition, Amazon will benefit from Globalstar’s existing regulatory approvals and strong relationship with Apple. Amazon aims to launch its own next-generation D2D system beginning in 2028 that will support voice, messaging and mobile data services. Amazon’s Low Earth Orbit satellite plans to power satellite services for supported iPhone and Apple Watch devices.
The arrival of Amazon in this space will significantly increase competition for SpaceX Starlink and AST SpaceMobile. However, involvement of the world’s largest tech giants in this domain underscores the growing importance of space-based connectivity in the overall communication market.
ASTS’ Price Performance, Valuation and EstimatesOver the past year, shares of AST SpaceMobile have skyrocketed 105.1% compared with the industry’s growth of 60.1%.
Image Source: Zacks Investment Research
From a valuation standpoint, AST SpaceMobile trades at a forward price-to-sales ratio of 73.99, well above the industry.
Image Source: Zacks Investment Research
Earnings estimates for 2026 and 2027 have decreased over the past 60 days.
Investors seeking exposure to the next generation of transportation and communication face a choice between AST SpaceMobile (ASTS 5.49%) and Joby Aviation (JOBY +6.50%) in today's evolving market.
AST SpaceMobile aims to eliminate cellular dead zones using a space-based network that connects directly to standard smartphones. Joby Aviation is focused on transforming urban travel with its all-electric vertical takeoff and landing aircraft. Both companies represent high-growth investments in nascent industries, where massive potential for scale meets significant technical and regulatory hurdles.
The case for AST SpaceMobileAST SpaceMobile builds a space-based cellular broadband network designed to work directly with standard, unmodified smartphones. The company has partnered with over 50 mobile network operators, serving nearly 3 billion combined subscribers across strategic markets such as the United States, Europe, and Japan. Its goal is to eliminate connectivity gaps globally by providing satellite-to-phone service without the need for additional terrestrial hardware.
In FY 2025, the company’s revenue reached nearly $70.9 million, a significant increase from approximately $4.4 million in the previous year. Despite sales growth, the company reported a net loss of approximately $341.9 million for the period. This resulted in a net margin of approximately -482.2%, a metric that shows the loss per dollar of revenue.
On its December 2025 balance sheet, the company reported a debt-to-equity ratio of 1.2x, which measures total debt relative to shareholder equity. The current ratio, which compares current assets to current liabilities to assess short-term liquidity, stood at a robust 16.4x. However, the company reported negative free cash flow of roughly $1.1 billion, representing the cash left after paying for capital expenditures. It is common for high-growth tech stocks to burn cash as they build out expensive global infrastructure.
The case for Joby AviationJoby Aviation is developing all-electric vertical takeoff and landing aircraft intended for urban air-taxi services. The company is targeting major international markets, including Dubai, London, and New York City, to provide quiet, zero-emission transportation options. By manufacturing its own aircraft and operating the service, the company hopes to control the entire passenger experience from booking to landing.
For FY 2025, revenue was approximately $53.4 million, a massive increase compared to the nearly $136,000 reported in FY 2024. The company recorded a net loss of approximately $929.8 million during the same period, as it continued to invest in its flight testing programs. This led to a net margin of roughly -1,740.5%, reflecting the high research and development costs in the aviation sector.
According to its December 2025 balance sheet, the company maintains a debt-to-equity ratio of 0.0x, indicating it holds no debt relative to its equity. The current ratio is approximately 24.1x, suggesting a strong ability to cover short-term obligations with its available cash and assets. Free cash flow was negative at roughly $563.8 million, which is the cash remaining after the business pays for its capital investments.
Risk profile comparisonAST SpaceMobile faces significant regulatory risks, including the need for federal approvals and uncertainties surrounding satellite licensing and frequency usage. The company operates in a crowded field against formidable competitors like Amazon (AMZN +3.01%), which is developing its own satellite internet constellation. Execution risks remain high as the business attempts to deploy a complex satellite network while managing a history of substantial net losses since its inception.
Joby Aviation must navigate strict certification processes with aviation authorities, where any delays could postpone the commercial launch of its air-taxi service. Safety is a primary concern, as any incident involving a prototype aircraft could damage public perception of the entire emerging industry. Furthermore, the company relies on third-party suppliers worldwide for critical components, leaving it vulnerable to disruptions that could delay its high-volume manufacturing schedule.
Valuation comparisonJoby Aviation appears to be the more affordable option based on sales multiples, while AST SpaceMobile carries a significantly higher valuation relative to its current revenue.
MetricAST SpaceMobileJoby AviationSector BenchmarkForward P/E75.8xn/a32.2xP/S ratio472.8x168.5xSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Both companies are developing new technologies that could significantly change their respective industries, and for that reason alone, many investors may find them exciting. But one appears to have a clearer path to commercialization in the near term and, hopefully, returns for investors.
AST SpaceMobile’s low-Earth-orbit satellite network is designed to provide broadband connectivity for smartphones, enabling cellular and internet access in areas not well served by standard networks. The company has already signed agreements with dozens of mobile network operators, which gives it immediate access to a potentially massive customer base. It’s still highly speculative, and trades at a high valuation relative to its current revenue. But as additional satellites are deployed, commercial revenue is expected to grow.
Joby Aviation’s product is an electric vertical takeoff and landing (eVTOL) aircraft. Toyota (TM +0.68%), Delta Air Lines (DAL +2.33%), and other major companies have partnered with the company, and FAA certification is in the works. But the certification is not guaranteed, and building this new transportation system will still require substantial capital and years of development.
So, neither company is a sure bet right now. But AST SpaceMobile already has partnerships, and potentially a shorter path to earning meaningful revenue. Joby could deliver enormous returns if its air mobility service succeeds, but investors may need to wait quite some time for that to happen. Therefore, AST SpaceMobile is my choice in this pairing.
Key Takeaways: SpaceX’s IPO has created strong ETF demand across leveraged, active, and index-based strategies. The Procure Space ETF (UFO) remains central as the original pure-play space ETF, with its index methodology adapting for SpaceX. Space ETFs offer diversified space exposure, but they may not move in line with SpaceX stock. Space Exploration Technology’s (SPCX) IPO lived up to the hype. After pricing at $135 per share and raising a record-breaking $75 billion, the stock surged roughly 50% within its first three days of public trading. That demand has also spilled into the ETF ecosystem. Leveraged ETFs, broad equity ETFs, and thematic space ETFs are all responding in different ways, showing how one mega-cap IPO can reshape access to an entire investment theme.
Leveraged ETFs Point to Strong Single-Stock Interest The emergence of leveraged ETFs tied to Space Exploration Technologies (more familiarly known as SpaceX) points to strong investor demand for concentrated exposure. At least 11 leveraged SpaceX ETFs launched alongside SpaceX’s debut. In this article by DJ Shaw, several bullish and bearish leveraged products are listed including products from ProShares, Themes, and GraniteShares. These products give traders a way to express short-term views on the stock without owning it directly. While these products are designed for tactical use, their early arrival shows how fast ETF issuers are moving to capture investor interest around one of the market’s most anticipated public companies.
SpaceX Could Enter Portfolios Through Several ETFs Beyond leveraged products, SpaceX is expected to enter several large, broad equity indexes within only a few days, including Nasdaq and FTSE Russell benchmarks (see this note for more insights). That could eventually push SpaceX into many core portfolios, but several smaller ETFs have already moved ahead. (For a broader list of ETFs outside of the space industry with SpaceX holdings, see this article.)
Active pure-play space ETFs, in particular, have been able to add exposure immediately rather than waiting for formal index inclusion. The Roundhill Space & Technology ETF (MARS) currently has the largest weight at 22.5%. The Tema Space Innovators ETF (NASA) and the ARK Space & Defense Innovation ETF (ARKX) have weights of 12.5% and 9.7%, respectively. All three of these ETFs currently have SpaceX as their largest position (data as of June 16, 2026).
On the index side, index providers have been proactive in adjusting methodologies for mega-cap IPOs. The first indexed ETF to make a SpaceX addition has been the Procure Space ETF (UFO), the original pure-play space ETF.
In May 2026, the VettaFi Space Index (UFO’s underlying index) expanded its methodology, allowing newly listed non-diversified companies with market caps above $500 billion to be eligible for immediate inclusion. This would also allow pure-play space companies with more than $100 billion in float-adjusted market capitalization to have up to 15% exposure in the index. Previously, pure-play companies were capped at 4.8%. On June 17, SpaceX entered UFO as its top holding with around 6.2% weight, which could potentially increase as more shares hit the market. (For more details on the addition, see this article by Ben Hernandez).
SpaceX Connects Space ETFs With the Space Economy The addition of SpaceX has been particularly important for thematic ETFs like UFO, where waiting several months to add mega-cap companies could make the portfolio feel disconnected from the theme that it’s designed to represent. Launched in April 2019, UFO helped define the space ETF category before SpaceX became investable. It was the first U.S.-listed pure-play space ETF and remains one of the most established ways to track the industry and access the theme through an index-based approach. The fund holds a global basket of companies tied to the space economy, including satellite communications, launch services, space-based imagery and intelligence, GPS and navigation, and ground-based equipment and infrastructure.
UFO currently has around $1 billion in assets, reflecting renewed investor interest in space as an investment theme. Its largest positions include SpaceX, EchoStar (SATS), Rocket Lab (RKLB), Trimble (TRMB), and AST SpaceMobile (ASTS), showing that the fund’s exposure is not just about launch providers but the broader space infrastructure ecosystem. This makes UFO particularly relevant in a post-SpaceX market: it represents the original index-based space ETF with diversified exposure to the commercial space economy.
Bottom Line: Diversified ETFs are designed to provide exposure to a broader basket of holdings rather than a single stock, which can create some relative underperformance when one market leader is driving returns. While SpaceX has already become the largest holding in many space ETFs, these funds have still underperformed the SpaceX stock.
Other large holdings, including several shown above, had previously rallied on broader enthusiasm for the space theme, but pulled back around SpaceX’s IPO as investor attention shifted toward SpaceX directly. This illustrates an important trade-off for investors: space ETFs can offer broader access to the commercial space economy while still providing diversified exposure to SpaceX, but they will not always move in line with the stock.
For more news, information, and analysis visit the Thematic Investing Content Hub.
VettaFi LLC (“VettaFi”) is the index provider for UFO, for which it receives an index licensing fee. However, UFO is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of UFO.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
AST SpaceMobile is upgraded to Buy with a $103/share target, driven by imminent commercial operations and robust satellite deployment plans. ASTS expects to achieve continuous coverage across key markets by late 2026 or early 2027, with 45 satellites in orbit and global expansion to follow. With nearly 60 global MNO partners and ample capital, ASTS is positioned for substantial revenue scaling and operating leverage as commercial contracts commence.
Despite significant apprehensions many investors have about its massive valuation, SpaceX NASDAQ: SPCX has been on a meteoric rise in its early days of trading. The pesky valuation concern—coupled with an unusually small float and the potential for significant pressure on insiders to sell shares down the line—means that many investors who might otherwise be tempted to enter a position in SPCX may instead choose not to, at least not in the immediate aftermath of the largest-ever IPO.
The whole space industry may end up getting a boost because of the excitement over SpaceX, meaning that it could be an opportune time for investors to build exposure to other stocks without the same level of risk as the massive newcomer. Space exchange-traded funds (ETFs) may help to mitigate risk by accessing a broader basket of stocks within the industry. Before some of these funds rebalance, they will likely provide access to the broader industry without necessarily holding SpaceX shares directly—though investors should, of course, watch for whether and when they add a SpaceX position to their list.
Get Procure Space ETF alerts:
UFO Is an All-Purpose Space Fund With Appealing Diversification and ReturnsThe Procure Space ETF NASDAQ: UFO is a go-to space fund with about $1 billion in assets and a strong one-month average trading volume above 2 million. The fund appears likely to remain highly liquid, making it a great option for investors seeking the flexibility to enter and exit a position—or modify its size—frequently as the industry continues to evolve.
Procure Space ETF Today
UFO
Procure Space ETF
$50.27 0.00 (0.00%)
As of 06/18/2026 04:00 PM Eastern
52-Week Range$26.48▼
$68.21Dividend Yield0.32%
Assets Under Management$924.50 million
UFO's focus on space names across developed markets means its roughly 50 positions can capture developments in technology anywhere they happen. U.S. companies dominate about 70% of the portfolio, but investors in UFO will also gain exposure to firms from Canada, the Netherlands, Japan, and many other parts of the world.
UFO's mandate is also sufficiently broad to allow it to benefit from advances across the entire space industry, from satellite companies to ground equipment and rocket makers to telecoms firms and more.
As such, the portfolio is fairly split between industrials and communications firms, although it also holds stocks from other sectors as well.
At a net expense ratio of 0.75%, UFO is not the cheapest fund available, but its performance this year may make the expense ratio worthwhile: this ETF has returned about 30% year-to-date (YTD) and has almost doubled in the last 12 months.
Space and Defense Combine to Outperform the Market With ARKXAn actively managed alternative to UFO is the ARK Space & Defense Innovation ETF BATS: ARKX, which comes in at the same annual fee of 0.75%. ARKX is also comparable in terms of asset base and trading volume. What distinguishes this fund is a narrower portfolio of 43 companies that are involved in either space exploration or defense—this includes firms in autonomous mobility and battery technology as well as rocket and robotics makers, 3D printing companies, and more.
ARK Space Exploration & Innovation ETF TodayARKX
ARK Space Exploration & Innovation ETF
$34.56 0.00 (0.00%)
As of 06/18/2026 04:10 PM Eastern
52-Week Range$21.88▼
$37.89Assets Under Management$1.08 billion
As a result, some of the firms in ARKX's portfolio are not pure-play space stocks—the top position, for example, is semiconductor giant Advanced Micro Devices Inc. NASDAQ: AMD.
Still, ARKX is not limited exclusively to domestic stocks and does hold some international positions, but at a much smaller percentage than UFO (ARKX's portfolio is roughly 90% U.S. companies).
These may be modest trade-offs, given that ARKX has also shown strong performance in recent months. The fund has returned 20% YTD and almost 60% in the past year. It may therefore appeal to investors seeking some space exposure with a bit less of a thematic focus on that area than UFO provides.
A Low-Cost New Entrant That's Untested So FarThe Global X Space Tech ETF NASDAQ: ORBX launched in April 2026 and has net assets of only about $58 million, making it significantly smaller—and potentially higher-risk—than the other funds above. However, it also comes with a lower fee of 0.50% per year. ORBX focuses on an index of global space businesses involved in developing rockets and launch systems, providing technology and components, delivering satellites and services, and so on.
Global X Space Tech ETF TodayORBX
Global X Space Tech ETF
$54.00 0.00 (0.00%)
As of 06/18/2026 04:00 PM Eastern
52-Week Range$48.32▼
$79.71Assets Under Management$56.88 million
ORBX has three dozen positions, but close to 30% of the portfolio is given over to just two companies—Rocket Lab Corp. NASDAQ: RKLB and AST SpaceMobile Inc. NASDAQ: ASTS. Domestic stocks are about 78% of the basket, followed by Japanese and Canadian names, as well as companies from a host of other countries.
With much less of a track record than UFO or ARKX, ORBX may be harder to assess; its all-time return is modestly positive, but that could certainly change over time.
With the launch of SpaceX, investors may want to watch how this lower-cost alternative adapts going forward.
Should You Invest $1,000 in Procure Space ETF Right Now?Before you consider Procure Space 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 Procure Space ETF wasn't on the list.
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SummaryTradr 2X Long ASTS Daily ETF offers 200% daily exposure to AST SpaceMobile, Inc., targeting traders seeking amplified returns from ASTS volatility.Issuing a Hold rating on ASTX due to significant risks from leverage, compounding, and NAV decay, especially when held longer than one trading day.ASTS anticipates a pivotal revenue inflection in 2027 as its satellite constellation achieves full coverage, supporting a bullish long-term outlook for ASTS.ASTX’s high liquidity and retail-driven volatility present trading opportunities, but strict risk management is essential given the fund’s 130 bps expense ratio and leveraged structure. NicoElNino/iStock via Getty Images
The Tradr 2X Long ASTS Daily ETF (ASTX) is a leveraged exchange-traded fund designed to provide 200% of the daily performance of AST SpaceMobile, Inc. (ASTS) shares. With the space economy becoming a
7.44K Followers
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ASTS over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Warren Buffett once said, "You've got to be prepared when you buy a stock to have it go down 50% or more and be comfortable with it, as long as you're comfortable with the holding." That's especially true for volatile growth stocks in nascent but promising markets. If you expect a company's total addressable market to expand significantly over the next few decades, it doesn't make sense to hold the stock for only a few months.
Let's take a look at three of those stocks that are still worth buying through near-term volatility and holding for the long term: Joby Aviation (JOBY +6.50%), AST SpaceMobile (ASTS 5.49%), and QuantumScape (QS +16.67%).
Image source: Getty Images.
Joby Aviation Joby Aviation is an early mover in the electric vertical takeoff-and-landing (eVTOL) aircraft market. Its S4 eVTOL can carry a single pilot and four passengers, travel up to 150 miles on a single charge, and reach a maximum speed of 200 miles per hour. It has already completed test flights in the UAE, South Korea, and Japan, and plans to launch its first commercial flights in the U.S. once the Federal Aviation Administration (FAA) fully certifies them.
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Toyota, Delta Air Lines, and Uber are three of Joby's biggest backers and customers. Toyota will help Joby mass-produce its eVTOLs, Delta will use the S4 for airport-to-home flights, and Uber will integrate its flights into its own app. It's also producing eVTOLs for the U.S. Department of Defense.
From 2025 to 2028, analysts expect Joby's revenue to surge from $53 million to $458 million as it launches its commercial flights. It's still unprofitable, and its stock isn't cheap at 20 times its 2028 sales, but it could grow much larger as eVTOLs replace conventional helicopters.
AST SpaceMobile AST SpaceMobile develops low Earth orbit (LEO) satellites for cellular connections. It helps telecom giants like AT&T and Verizon expand their wireless networks to rural areas that terrestrial towers can't cover. It's also developing satellites for the U.S. Missile Defense Agency's "Golden Dome" project.
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AST's satellites are much larger than SpaceX's Starlink satellites. It's only launched seven satellites so far, but it plans to expand its constellation to 45-60 satellites by the end of 2026, and to 248 satellites within the next few years. The Federal Communications Commission (FCC) authorized its ambitious long-term expansion plans in April.
From 2025 to 2028, analysts expect AST's revenue to surge from $71 million to $1.88 billion as it expands its constellation. They also expect it to turn profitable in 2027 and 2028. It already trades at 14 times its 2028 sales, but it could soar much higher over the next decade.
QuantumScape QuantumScape develops solid-state batteries for electric vehicles (EVs). Its QSE-5 batteries provide better thermal resistance, faster charging times, and higher charging capacities than conventional lithium-ion batteries. It's been co-developing those batteries with Volkswagen over the past decade.
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QuantumScape originally planned to manufacture its own batteries through a joint venture with Volkswagen, but it abandoned that capital-intensive strategy in 2024 in favor of a simpler licensing model. It plans to license its technology to Volkswagen's battery subsidiary, PowerCo, and other automakers to generate recurring, higher-margin royalty and licensing revenues.
QuantumScape's stock is difficult to value because it hasn't generated any meaningful revenue yet. But if it finally commercializes its first battery designs, analysts expect its revenue to rise to $51 million in 2027 and $99 million in 2028.
QuantumScape's stock isn't cheap at 43 times its 2028 sales, and analysts expect it to stay unprofitable for the foreseeable future. However, it could generate some impressive long-term gains if it commercializes its solid-state batteries before its industry peers.
Space stocks ASTS, RKLB, and RDW are testing major technical support after strong rallies, with upcoming reactions likely to determine whether uptrends resume or weaken.
Nu Holdings (NU 1.24%), a Latin American digital bank and financial services platform, closed at $12.89, up 1.34%. Shares moved after AI-powered financial models drew attention, while investors are watching credit losses and margins next.
How the markets moved todayThe S&P 500 (^GSPC +1.08%) fell 1.21% to 7,420.10, while the Nasdaq Composite (^IXIC +1.91%) fell 1.34% to 26,021.66. Among digital banking and financial technology services peers, SoFi Technologies (SOFI +2.96%) closed at $17.42, down 1.64%, and Block (XYZ +2.66%) closed at $72.84, down 2.46%, showing weaker sentiment across fintech shares.
What this means for investorsNu Holdings shares rose modestly even as fintech peers weakened, helped by interest in the company’s AI-driven credit platform and its $1 billion share repurchase program. The AI angle matters because NuFormer is already being used in credit-card decisioning and unsecured lending, making it part of Nu’s underwriting and loan-pricing engine rather than a surface-level product story.
The bigger question is whether Nu’s growth will stay profitable after accounting for credit losses. The company is still growing fast, but in the first quarter, it set aside more for potential credit losses and saw pressure on its risk-adjusted net interest margin. This puts the focus on the quality of its lending growth. Investors will be closely watching whether Nu can continue using AI and customer growth to generate more revenue while keeping risk-adjusted margins and credit trends steady.
Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nu Holdings. The Motley Fool has a disclosure policy.
Nu Holdings (NU 1.40%) is an exciting digital bank based in Brazil. Although the stock soared last year, it's dropped in 2026 and is down 22% year to date.
However, it might have bottomed out for the year, and it has several tailwinds that could send it higher. Here are three catalysts for Nu stock in 2026.
1. It's getting bank charters in Brazil and Mexico Nu operates a financial app in Brazil, Mexico, and Colombia. It has 135 million users as of the end of the first quarter, 115 million of them in its home country, Brazil, where it's the largest private financial institution. It has become popular among mass users who are often closed out of the banking system in Brazil, which has high barriers to entry. It has released several products targeting more affluent consumers, and that segment is also growing.
Image source: Nu.
It has achieved this level of engagement and popularity, with more than half of the adult population in Brazil using the platform, without a full bank charter. Instead, it has operated as a payments, credit, financing, and investment company. Obtaining a full bank charter, which it has applied for, will let it offer more products and achieve greater stability, as it can operate all of its services under one umbrella instead of applying for various licenses and permits in different areas. Since it's getting closer to saturation among new users, this opens up an opportunity to cross-sell and deepen engagement with its existing user base.
It's also getting a bank charter in Mexico, where it still has just a fraction of the adult population at 15 million users.
2. It's getting a bank charter in the U.S. Management has implied that it would continue to expand into new regions, and it recently received a conditional bank charter to operate in the U.S. It hasn't provided many details about this new venture yet, and it's still waiting for full approval from regulators. During the next 12 to 18 months, it needs to fully capitalize the bank in accordance with regulations.
Once approved, it plans to offer the full gamut of banking products, including deposit accounts, credit cards, and other lending products through its app. The U.S. population of 342 million is almost as big as the populations of Brazil, Mexico, and Colombia combined, providing a vast new market opportunity.
Today's Change
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In March, it announced a partnership with soccer franchise Inter Miami CF and named its new stadium Nu Stadium. The company said that it's a "significant milestone in its international growth strategy and reinforces its long-term commitment to the United States," and the partnership is meant to build its brand as it gets started in the U.S.
Given its roots, it's likely to target the large Spanish-speaking population in the U.S. South. Management also said this is part of Nu's "global mindset," and more could be on the way.
3. It's using AI to make better lending decisions Artificial intelligence (AI) is proving its value in many different areas, and one field where it's disrupting norms is in credit scoring. Upstart Holdings and Pagaya Technologies are both making waves as AI credit-scoring platforms, and Nu has its own foundation model called Nuformer that uses AI and machine learning to approve more borrowers without increasing risk. Its newest model reduced risk by 70% for the same population as previous models.
That drives financial inclusion, one of its missions, as well as increased revenue and improved credit quality, which has been an issue for investors recently. The company believes that its immense data store from its highly engaged users gives it an edge in identifying good borrowers, and there have already been tangible results.
In the 2025 fourth quarter, Nu posted a half-percentage-point increase in credit card purchase volume market share in Brazil, the highest absolute increase in the past 10 years for any bank. The credit book increased 40% year over year, and the write-off rate was steady at 2.8% to 2.9%. These are incredible results and could get even better.
Nu stock is on sale right now, but it could soar in the second half of the year.
Nu Holdings Ltd. (NU - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this company have returned +0.8%, compared to the Zacks S&P 500 composite's +0.3% change. During this period, the Zacks Banks - Foreign industry, which Nu falls in, has gained 9.2%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Nu is expected to post earnings of $0.20 per share for the current quarter, representing a year-over-year change of +42.9%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.3%.
For the current fiscal year, the consensus earnings estimate of $0.84 points to a change of +35.5% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $1.15 indicates a change of +37.4% from what Nu is expected to report a year ago. Over the past month, the estimate has changed -1.2%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Nu is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Nu , the consensus sales estimate of $5.36 billion for the current quarter points to a year-over-year change of +46.1%. The $21.96 billion and $26.98 billion estimates for the current and next fiscal years indicate changes of +39.2% and +22.9%, respectively.
Last Reported Results and Surprise HistoryNu reported revenues of $4.97 billion in the last reported quarter, representing a year-over-year change of +53%. EPS of $0.19 for the same period compares with $0.12 a year ago.
Compared to the Zacks Consensus Estimate of $4.97 billion, the reported revenues represent a surprise of -0.01%. The EPS surprise was -5%.
Over the last four quarters, Nu surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Nu is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Nu . However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Several key stocks across consumer staples, finance, and industrials just added notable buyback capacity, but for different reasons. Two names are boosting their authorizations as their stocks and businesses perform very well. Meanwhile, a company taking over Brazil’s financial sector is expressing confidence in a rebound as markets pressure its share price in 2026.
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Monster Adds Buyback Capacity as Shares and Sales SoarEnergy drink giant Monster Beverage NASDAQ: MNST has continued to put up very strong performance in 2026 after a monster 2025. Last year, shares gained nearly 46%, and Monster’s return is hovering near 20% this year.
Monster Beverage Today
MNST
Monster Beverage
$91.34 0.00 (0.00%)
As of 06/18/2026 04:00 PM Eastern
52-Week Range$58.09▼
$93.92P/E Ratio44.13
Price Target$89.35
The company’s latest win was its Q1 2026 earnings report, which caused shares to soar nearly 14% afterward. Monster crushed estimates on the top and bottom line, with the firm posting sales growth of 22.6% year over year (YOY). When taking into account currency tailwinds, sales rose 26.9% YOY. The company posted extremely strong results in its international business, with non-U.S. sales rising by a whopping 44.9% YOY.
Notably, Monster has also authorized a new $500 million share buyback program, bringing its total buyback capacity to $900 million. Monster’s buyback capacity is relatively small, but still meaningful, equal to around 1% of its market capitalization near $90 billion. With the firm generating free cash flow of over $2 billion in the last 12 months, Monster has more than enough cash coming in to support this program.
Overall, given the success Monster is seeing, this program is a signal that Monster expects that success to continue. Notably, Monster’s buybacks over the last 12 months were just $221 million. The company’s added capacity gives it the option to accelerate this spending should it choose to.
NU Initiates $1 Billion Buyback With Shares Down Over 30%NU NYSE: NU has become a digital banking leader in Latin America, with a particularly strong presence in Brazil. In its latest quarter, NU’s Brazilian customer base surpassed 115 million. NU is the largest private financial institution in Brazil, with more than half of the country’s population of 213 million being customers.
NU Today
$12.73 +0.02 (+0.19%)
As of 06/18/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$11.20▼
$18.98P/E Ratio19.59
Price Target$17.08
However, after putting up an impressive 62% gain in 2025, shares are down more than 20% in 2026. The stock has also fallen more than 30% from its 52-week high. Macroeconomic risk has pressured NU shares, with the stock falling as oil prices rise, leading to concerns over credit quality.
The company also hired a new Chief Financial Officer (CFO), Rob Linvingston, causing shares to drop 8%. This heightened fears around credit quality, which past CFO Guilherme Lago ardently pushed back on.
Days later, NU approved a $1 billion share repurchase program, which it plans to conduct over the next 12 months. This would be a substantial return of capital in a relatively short period, equal to around 1.7% of NU’s $60 billion market capitalization. NU’s net income in its latest quarter alone was $871 million, putting it in a solid position to execute this program. NU shares have come down significantly due to concerns that the company likely does not agree with. In this context, NU is indicating confidence in a recovery through its buyback program, likely seeing value in its stock.
Rockwell Ups Buyback Authorization Amid Strong ResultsLast up is Rockwell Automation NYSE: ROK. After delivering a total return near 38% in 2025, the stock has continued to build off that impressive performance, with its return sitting near 20% in 2026. The company has been generating strong demand for its industrial automation offerings across many key end markets.
Rockwell Automation Today
ROK
Rockwell Automation
$474.16 +0.37 (+0.08%)
As of 06/18/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$305.44▼
$475.92Dividend Yield1.16%
P/E Ratio49.29
Price Target$454.05
Rockwell’s automotive end market saw mid-teens sales growth during its latest quarter, while e-commerce and warehousing automation sales rose over 30% YOY.
Additionally, the company’s semiconductor end market posted high-teens growth, and its data center end market more than doubled YOY. Total sales rose nearly 12% YOY, and adjusted earnings per share (EPS) ballooned over 30% YOY. The company beat estimates on both figures and crushed EPS expectations of $2.88 with its $3.30 post.
Rockwell also recently announced a $1 billion share repurchase authorization. This adds to the company’s previous buyback capacity, bringing its total capacity to $1.215 billion. This is meaningful, equal to around 2.3% of Rockwell’s approximately $52 billion market capitalization. The company’s solid last 12 months free cash flow of $1.34 billion gives it the ability to execute this program at a measured pace over time. The read on Rockwell’s buyback program is similar to Monster’s. The company has confidence in its continued success, and it is making it a priority to return capital to shareholders.
Rockwell: Diversified Growth and Capital ReturnsAmong this group, Rockwell’s diversified growth is particularly impressive. It's not too often that companies are able to grow sales across several different end markets at a double-digit clip. The company has also returned a very significant $4.6 billion to shareholders over the past five years. Buybacks and dividends contribute to this, with Rockwell having a meaningful dividend yield near 1.2%. Still, the company’s valuation is worth monitoring. Currently, Rockwell trades at a forward price-to-earnings ratio near 36x, above its three-year average of 27x.
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Collaboration aims to identify biomarkers predictive of antibody-drug conjugate (ADC) treatment response using 10x's single cell and spatial platforms
, /PRNewswire/ -- 10x Genomics, Inc. (Nasdaq: TXG), the life science technology leader focused on accelerating science and advancing human health, today announced a research collaboration with Cleveland Clinic, a nonprofit multispecialty academic medical center that integrates clinical care with research and education, to advance research in novel diagnostics for bladder cancer.
This collaboration is part of 10x's broader efforts to partner with leading research institutions to generate the evidence needed to support the future development of diagnostic applications across oncology and other disease areas.
Through this multi-year collaboration, the study intends to initially examine tumor samples from patients with advanced bladder cancer undergoing emerging therapeutic regimens using 10x's Flex Apex and Xenium platforms, with the goal of expanding to the recently announced Atera platform. The research aims to identify clinically relevant biomarkers that may help predict bladder cancer patient response to treatment and support future diagnostic development across tumor types.
Bladder cancer remains a complex and heterogeneous disease, with variable responses to therapies such as antibody-drug conjugates and immunotherapies. A major challenge in oncology is determining which therapies are most likely to benefit individual patients. By integrating single cell and spatial analysis, the research aims to generate a more comprehensive understanding of tumor biology and the tumor microenvironment, including features that may influence treatment response and resistance, which remain difficult to characterize using conventional approaches.
"We look forward to collaborating with 10x Genomics on this promising work. This collaboration has the potential to shed new light into the mechanisms underlying therapeutic response in a number of major cancer types," said Timothy Chan, MD, PhD, Chair, Department of Cancer Sciences, Cleveland Clinic.
The study is expected to include tumor samples from patients treated with antibody-drug conjugates and immunotherapy and to integrate single-cell transcriptomic profiling, spatial gene expression and protein measurements. Researchers plan to analyze tumor microenvironment composition, immune cell infiltration and expression of therapeutic targets to better understand mechanisms of response and resistance.
"One of the central challenges in oncology today is understanding why patients respond differently to the same therapy," said Serge Saxonov, Co-founder and CEO of 10x Genomics. "There is a clear need for biomarkers that can guide treatment decisions, and we believe Flex Apex, Xenium and now Atera are uniquely suited to uncover them. These insights will be critical to enabling a new generation of diagnostic approaches in oncology."
The collaboration is expected to generate a comprehensive, multimodal dataset linking single cell and spatial insights with clinical outcomes, helping to advance the scientific understanding of treatment response in bladder cancer and support future diagnostic applications.
About 10x Genomics
10x Genomics is a life science technology company building products to accelerate the mastery of biology and advance human health. Our integrated research solutions include instruments, consumables and software for single cell and spatial biology, which help academic and translational researchers and biopharmaceutical companies understand biological systems at a resolution and scale that matches the complexity of biology. Our products are behind breakthroughs in oncology, immunology, neuroscience and more, fueling powerful discoveries that are transforming the world's understanding of health and disease. To learn more, visit 10xgenomics.com or connect with us on LinkedIn, X, Facebook, Bluesky or YouTube.
Toronto, Ontario--(Newsfile Corp. - June 17, 2026) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) (OTCQX: TORXF) announces the results of its 2026 annual and special meeting of shareholders (the "Meeting") held virtually today.
The Meeting marked the retirement of Jody Kuzenko and the formal appointment of Andrew Snowden as President and CEO of the Company. Mr. Snowden was also elected to the Board of Directors along with the re-election of seven current Directors, as well as the re-appointment of Rick Howes as Chair of the Board.
Rick Howes, Chair of the Board of Torex, stated:
"On behalf of the Board of Directors and everyone at the Company, I want to extend my sincere appreciation to Jody for her exceptional leadership at Torex over the past eight years. Jody leaves the business in an excellent position for the next chapter of growth and success, and we wish her all the very best as she steps into her well-deserved retirement.
"The Board looks forward to working with Andrew in his new role as President and CEO as we continue to execute on our strategic pillars to build one of the best mining companies in the industry as a diversified, Americas-focused precious metals producer.
"Finally, to our shareholders, thank you for your ongoing trust and support. We are firmly committed to seizing the many opportunities ahead in order to continue to generate significant and lasting value for those who choose to invest in us."
ITEM 1. ELECTION OF DIRECTORS
At the Meeting, all director nominees listed in the Company's management information circular (the "Circular") dated May 6, 2026, were elected as directors of the Company. Detailed results of the vote by ballot are as follows:
DIRECTORVOTE TYPENUMBER OF VOTES% OF VOTESRichard A. HowesFor
Withheld73,557,809
69,57399.91%
0.09%Andrew SnowdenFor
Withheld73,616,975
10,40799.99%
0.01%Caroline DonallyFor
Withheld73,035,733
591,64999.20%
0.80%Jennifer J. HooperFor
Withheld73,209,711
417,67199.43%
0.57%Jay C. KellermanFor
Withheld72,793,419
833,96398.87%
1.13%Rosalie C. MooreFor
Withheld73,587,235
40,14799.95%
0.05%Rodrigo SandovalFor
Withheld72,915,027
712,35599.03%
0.97%Jacques PerronFor
Withheld73,587,700
39,68299.95%
0.05%ITEM 2. APPOINTMENT OF AUDITOR
On a vote by ballot, KPMG LLP, Chartered Professional Accountants, were re-appointed as auditors of the Company, and the directors were authorized to fix their remuneration.
VOTES FOR % VOTES FORVOTES WITHHELD% OF VOTES WITHHELD74,711,61898.74%955,6051.26%ITEM 3. APPROVAL OF NAME CHANGE
On a vote by ballot, a special resolution was passed authorizing and approving an amendment to the articles of the Company to change the name of the Company to "Torex Resources Inc.", or such other name as the Board of Directors of the Company, in its sole discretion, may approve, subject to regulatory approval. The Company expects to officially adopt the Company's new name later this year.
VOTES FOR % VOTES FORVOTES AGAINST% OF VOTES AGAINST75,467,15999.74%200,0650.26%ITEM 4. 'SAY ON PAY' EXECUTIVE COMPENSATION
On a vote by ballot, a non-binding advisory resolution was passed accepting the approach to executive compensation disclosed in the Circular and delivered in advance of the Meeting.
VOTES FOR % VOTES FORVOTES AGAINST% OF VOTES AGAINST71,129,95696.61%2,497,4263.39%The formal report on voting results with respect to all matters voted upon at the Meeting will be filed on SEDAR+ at http://www.sedarplus.ca/.
ABOUT TOREX GOLD RESOURCES INC.
Torex Gold Resources Inc. is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, Mexico. The Company also owns the Los Reyes gold-silver project in Sinaloa and a portfolio of early-stage exploration properties, including the Batopilas and Guigui projects in Chihuahua, Mexico, and the Medicine Springs project in Nevada, USA as well as an option to acquire the Gryphon project in Nevada, USA.
The Company's key strategic objectives are: optimize Morelos production and costs; disciplined growth and capital allocation; grow reserves and resources; project delivery excellence; retain and attract best industry talent; and be an industry leader in responsible mining. In addition to realizing the full potential of the Morelos Property, the Company continues to seek opportunities to acquire assets that enable diversification and deliver value to shareholders.
CAUTIONARY NOTES ON FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the change of the Company's name; and the Company's key strategic objectives: optimize Morelos production and costs; disciplined growth and capital allocation; grow reserves and resources; project delivery excellence; retain and attract best industry talent; and be an industry leader in responsible mining. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "continue", "strategy" and "ongoing" or variations of such words. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including, without limitation, those risk factors identified in the Company's annual information form ("AIF") and management's discussion and analysis ("MD&A"). Forward-looking information is based on the assumptions discussed in the AIF and MD&A and such other reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301919
Source: Torex Gold Resources Inc.
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Investment to Accelerate Fellow’s Plan to Grow through Continued Geographic Expansion, Technology Investments and Strategic Acquisitions
BAY SHORE, N.Y.--(BUSINESS WIRE)--Fellow Health Partners (“Fellow”), a leading provider of revenue cycle management ("RCM") services to physician groups, ambulatory surgery centers, and healthcare organizations nationwide, today announced that it has received a strategic investment from Cleargate Capital Partners (“Cleargate”), a healthcare-focused private equity firm committed to long-term partnerships with founder-led, lower middle market businesses. Terms of the transaction were not disclosed.
Fellow helps healthcare providers navigate an increasingly complex environment by delivering RCM services that improve collections, reduce administrative burdens, and enhance financial performance. Fellow supports more than 500 clinicians across approximately 50 healthcare organizations nationwide. It has earned a reputation for highly attentive customer service and deep subject matter expertise in orthopedic surgery, anesthesia, ambulatory surgery centers, and other specialty physician practices. CEO Michael N. Brown and the rest of Fellow’s management team will continue to lead the organization through this next chapter of growth.
“Since our founding, we have grown by maintaining a culture centered on service, accountability, innovation, and opportunity,” said Michael N. Brown, Chief Executive Officer of Fellow Health Partners. “The Cleargate team understands that our culture and commitment to our customers underpins everything we do and drives our business forward, and we believe they are the right partner for our next phase of growth. Cleargate’s support will ensure we are well positioned to capitalize on the numerous opportunities ahead of us, deepening our technological capabilities and expanding our client footprint.”
Cleargate will provide Fellow with the additional resources needed to accelerate investment in its SAVi technology platform and enhance its workflow technologies for the benefit of healthcare providers. Additionally, Cleargate will help Fellow evaluate acquisition opportunities that expand Fellow’s services offering and geographic presence.
“We understand growth-oriented healthcare businesses and look forward to helping Michael and his team execute Fellow’s customer-centric strategy,” said Will Ritchie, Partner at Cleargate Capital Partners. “Across the range of RCM opportunities that we have evaluated, Fellow stood out as an end-to-end RCM provider that delivers best-in-class results to complex specialties through white glove service and robust technology. We are excited to partner with Michael and the Fellow team as they deliver exceptional outcomes to a growing list of healthcare providers across the country.”
About Fellow Health Partners
Fellow Health Partners is a leading provider of revenue cycle management ("RCM") services to physician groups, ambulatory surgery centers, and healthcare organizations nationwide. Its services include medical billing, coding, credentialing, compliance, and practice support services. The company helps its healthcare provider customers improve financial performance, maximize reimbursement, and streamline operations. Fellow currently supports more than 500 clinicians across approximately 50 healthcare organizations throughout the United States. Read more at fellowhealthpartners.com.
About Cleargate Capital Partners
Founded in 2025, Cleargate Capital Partners is a healthcare-focused private equity firm committed to long-term collaborations with exceptional founder-led and lower middle-market businesses. The Cleargate team has spent over two decades investing in healthcare and working directly with management teams on value creation initiatives, including operational improvement, strategic investments, and acquisitions. Cleargate brings founder-level understanding to every investment and seeks to build market-leading companies by providing capital, resources, and expertise while preserving the entrepreneurial culture that drives long-term success. More information can be found at cleargatecp.com.
In the latest close session, Cleveland-Cliffs (CLF - Free Report) was down 2.64% at $13.27. The stock's performance was behind the S&P 500's daily loss of 0.57%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq decreased by 1.15%.
The mining company's shares have seen an increase of 27.86% over the last month, surpassing the Basic Materials sector's gain of 3.28% and the S&P 500's gain of 2.14%.
The investment community will be paying close attention to the earnings performance of Cleveland-Cliffs in its upcoming release. On that day, Cleveland-Cliffs is projected to report earnings of -$0.13 per share, which would represent year-over-year growth of 74%. At the same time, our most recent consensus estimate is projecting a revenue of $5.21 billion, reflecting a 5.57% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.39 per share and revenue of $20.44 billion, indicating changes of +84.27% and +9.85%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Cleveland-Cliffs. These revisions help to show the ever-changing nature of near-term business trends. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 13.79% higher within the past month. As of now, Cleveland-Cliffs holds a Zacks Rank of #3 (Hold).
The Steel - Producers industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 47, placing it within the top 20% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Cleveland-Cliffs (CLF - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this mining company have returned +22.6% over the past month versus the Zacks S&P 500 composite's +0.3% change. The Zacks Steel - Producers industry, to which Cleveland-Cliffs belongs, has gained 10.6% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Cleveland-Cliffs is expected to post a loss of $0.13 per share for the current quarter, representing a year-over-year change of +74%. Over the last 30 days, the Zacks Consensus Estimate has changed +2.9%.
The consensus earnings estimate of -$0.39 for the current fiscal year indicates a year-over-year change of +84.3%. This estimate has changed +13.8% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $0.38 indicates a change of +197.3% from what Cleveland-Cliffs is expected to report a year ago. Over the past month, the estimate has changed +26.7%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Cleveland-Cliffs.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Cleveland-Cliffs, the consensus sales estimate for the current quarter of $5.21 billion indicates a year-over-year change of +5.6%. For the current and next fiscal years, $20.44 billion and $21.14 billion estimates indicate +9.8% and +3.4% changes, respectively.
Last Reported Results and Surprise HistoryCleveland-Cliffs reported revenues of $4.92 billion in the last reported quarter, representing a year-over-year change of +6.3%. EPS of -$0.4 for the same period compares with -$0.92 a year ago.
Compared to the Zacks Consensus Estimate of $4.83 billion, the reported revenues represent a surprise of +1.81%. The EPS surprise was +9.09%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates two times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Cleveland-Cliffs is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Cleveland-Cliffs. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
JERUSALEM--(BUSINESS WIRE)--New initiative extends Mobileye beyond self-driving-system supply and is additive to existing automaker and mobility-partner programs.
Mobileye logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
SummaryCompaniesMobileye plans about 100 robotaxis in a major US city starting in 2027Aims to scale the fleet to roughly 17,000 over the next five yearsCompany said robotaxi push will not alter existing customer supply commitmentsJune 16 (Reuters) - Mobileye Global (MBLY.O), opens new tab said on Tuesday it would launch its own robotaxi service in the United States next year, putting the self-driving technology supplier in direct competition with some of the very customers it serves.
The Jerusalem, Israel-based company, which provides advanced driver-assistance systems to automakers, plans to deploy about 100 robotaxis in a major U.S. city starting in 2027, with ambitions to scale the fleet to roughly 17,000 over the next five years. Shares of Mobileye rose more than 2%.
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The move will put Mobileye in direct competition with Alphabet's (GOOGL.O), opens new tab Waymo, Amazon's (AMZN.O), opens new tab Zoox and Tesla's (TSLA.O), opens new tab self-driving vehicles, as they jostle to emerge as leaders in a market with huge potential.
"Operating our own service allows us to accelerate adoption, gain direct operational experience, and showcase the full potential of autonomous mobility," Mobileye CEO Amnon Shashua said.
The company said it would build this service by combining Mobileye Drive, its self-driving system, with the digital infrastructure of its Moovit subsidiary, which provides urban mobility data, trip-planning tools and a global passenger network.
While Mobileye will own and operate the ride-hailing service under a unified business division, it will collaborate with external vehicle platform makers and fleet integration partners rather than manufacturing its own vehicles.
Analysts said the move was unlikely to affect client relationships, but noted execution remains key. "The pressure point is whether Mobileye can keep data boundaries, customer economics and engineering focus clearly separated," said Parth Talsania, CEO of Equisights Research.
The company said the initiative does not change its supply commitments to customers, and that direct robotaxi operations would complement its existing business and run alongside it.
U.S. ride-hailing platform Lyft (LYFT.O), opens new tab said last year it would deploy fully autonomous robotaxis as soon as 2026 in Dallas, powered by Mobileye's technology.
Reporting by Anhata Rooprai in Bengaluru; Editing by Shilpi Majumdar and Anil D'Silva
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Mobileye (NASDAQ:MBLY) has announced plans to expand beyond supplying autonomous driving systems and enter direct operation of a robotaxi service, marking a strategic shift toward a vertically integrated mobility business.
The company said it intends to launch a fully driverless ride-hailing service in a major US city in 2027, initially deploying a fleet of roughly 100 vehicles.
The initiative will combine Mobileye’s self-driving technology stack, Mobileye Drive, with its Moovit mobility platform and related fleet-management, rider-facing applications, and teleoperation infrastructure. Mobileye said the program will cover the full ride-hailing value chain, including fleet operations, mission control, and trip planning services.
The company highlighted that the new robotaxi business will operate alongside its existing model of supplying autonomous driving systems to automakers and mobility providers. Mobileye said it continues to view its technology licensing and direct operations as complementary approaches, with both expected to develop in parallel.
Following the initial rollout, Mobileye plans to expand the fleet significantly, targeting approximately 17,000 vehicles over a five-year period, subject to operational validation and scaling.
“The robotaxi revolution has only just begun,” said Amnon Shashua, founder and CEO of Mobileye, adding that combining autonomous driving technology with operational control could support broader deployment and provide additional real-world experience for its platform.
"As interest in autonomous mobility accelerates, the industry has become increasingly dependent on a small number of technology providers and business models,” Shashua said.
“We believe there is an opportunity for a new approach—one built on deep autonomous-driving expertise, strong industry partnerships, and proven capabilities across the mobility ecosystem.
Mobileye said it will work with vehicle platform manufacturers, fleet operators, integration partners, and technology suppliers to build out the service. The company also highlighted the role of Moovit, which provides multimodal trip planning and mobility services across more than 3,500 cities, as part of its consumer-facing infrastructure.
Mobileye Drive, the company’s autonomous driving system, is currently being integrated into partner programs globally. The company said more than 230 million vehicles have been produced with its technology to date.
Mobileye said further details on the planned US launch market and operational timeline will be disclosed closer to deployment.
Self-driving technology supplier Mobileye Global said Tuesday it would launch its own robotaxi service, planning to deploy an initial 100-vehicle fleet into a major U.S. city in 2027.
The company said the first launch will be phased throughout next year, after which they'll aim to scale the fleet to roughly 17,000 vehicles over the next five years.
Shares of the Jerusalem-based company rose around 6% following the announcement.
"We believe there is an opportunity for a new approach — one built on deep autonomous-driving expertise, strong industry partnerships, and proven capabilities across the mobility ecosystem," said Mobileye's CEO Amnon Shashua in a statement.
The move will put Mobileye in direct competition with some of the customers that use its Mobileye Drive technology in their cars.
The company said the move doesn't change its commitment to supplying its customers.
In a release, Mobileye said it views the competition as a "complementary path to market," adding that it can "further demonstrate the capabilities of the Mobileye Drive platform at scale."
Read more CNBC tech newsGodfather of AI blasts Musk's xAI as 'failure,' says labs are risking a 'big bubble explosion'Google Gemini co-lead Noam Shazeer leaves for OpenAISpaceX adds longtime Elon Musk ally Roelof Botha to boardAllbirds continues AI pivot with name change and CEO hire, sending stock soaringThe market for U.S. robotaxi services has been growing rapidly as competitors like Alphabet's Waymo, Amazon's Zoox, Tesla and more race to expand into more cities and notch new ridehailing partnerships.
Waymo is far ahead of its competitors, currently operating across 11 U.S. cities. The company is now planning its first international expansions to London and Tokyo this year, and in June announced a new $29.99 a month subscription tier for avid users in cities where demand is high.
Zoox announced a new partnership through the Uber app in Las Vegas, starting this summer.
Elon Musk's automaker Tesla is trailing its peers, with about 50 autonomous vehicles authorized for driverless ridehailing in Texas, about one-tenth the size of Waymo's fleet in the state.
CNBC's Jennifer Elias and Lora Kolodny contributed to this report.
Mobileye (NASDAQ:MBLY) has announced plans to expand beyond supplying autonomous driving systems and enter direct operation of a robotaxi service, marking a strategic shift toward a vertically integrated mobility business.
The company said it intends to launch a fully driverless ride-hailing service in a major US city in 2027, initially deploying a fleet of roughly 100 vehicles.
The initiative will combine Mobileye’s self-driving technology stack, Mobileye Drive, with its Moovit mobility platform and related fleet-management, rider-facing applications, and teleoperation infrastructure. Mobileye said the program will cover the full ride-hailing value chain, including fleet operations, mission control, and trip planning services.
The company highlighted that the new robotaxi business will operate alongside its existing model of supplying autonomous driving systems to automakers and mobility providers. Mobileye said it continues to view its technology licensing and direct operations as complementary approaches, with both expected to develop in parallel.
Following the initial rollout, Mobileye plans to expand the fleet significantly, targeting approximately 17,000 vehicles over a five-year period, subject to operational validation and scaling.
“The robotaxi revolution has only just begun,” said Amnon Shashua, founder and CEO of Mobileye, adding that combining autonomous driving technology with operational control could support broader deployment and provide additional real-world experience for its platform.
"As interest in autonomous mobility accelerates, the industry has become increasingly dependent on a small number of technology providers and business models,” Shashua said.
“We believe there is an opportunity for a new approach—one built on deep autonomous-driving expertise, strong industry partnerships, and proven capabilities across the mobility ecosystem.
Mobileye said it will work with vehicle platform manufacturers, fleet operators, integration partners, and technology suppliers to build out the service. The company also highlighted the role of Moovit, which provides multimodal trip planning and mobility services across more than 3,500 cities, as part of its consumer-facing infrastructure.
Mobileye Drive, the company’s autonomous driving system, is currently being integrated into partner programs globally. The company said more than 230 million vehicles have been produced with its technology to date.
Mobileye said further details on the planned US launch market and operational timeline will be disclosed closer to deployment.
Mobileye has pitched itself as an autonomous vehicle technology supplier. Now it wants the operator label, too.
The Intel subsidiary and publicly traded company said Tuesday it plans to launch a robotaxi service in a U.S. city in 2027, marking an expansion beyond its supplier strategy. Mobileye didn’t name the U.S. city. However, the Israeli-based company said it will have an initial fleet of 100 autonomous vehicles, which will be phased in throughout 2027.
If successful, Mobileye said it plans to scale to about 17,000 robotaxis over the following five years.
“The robotaxi revolution has only just begun, and its potential for transforming how we travel around the world continues to increase,” Mobileye founder and CEO Amnon Shashua said in a statement, noting that the industry has become increasingly dependent on a small number of technology providers and business models.
Mobileye rose to prominence supplying automakers with millions of computer vision chips designed to support automotive safety features and advanced driver-assistance systems. The company later began developing chips and software that could handle autonomous driving and tested the tech in several cities. It now supplies its self-driving system to Volkswagen and its MOIA subsidiary.
But Mobileye apparently wants to own some of the robotaxi market, even if that puts it in direct competition with companies it supplies its self-driving system to.
These robotaxi aspirations aren’t entirely new. In a 2020 interview with TechCrunch, Shashua said he believed that the “Holy Grail” was passenger car autonomy — in which consumers could buy a car that could operate fully driverless. But to get there he needed to pursue robotaxis.
“The realization is that you can’t reach that Holy Grail if you don’t go through the robotaxi business,” Shashua said at the time.
Mobileye said it will create a new operating business for its robotaxi service, which will use its self-driving system. Mobileye plans to manage the fleet and will leverage Moovit, the transit and ride-hailing app it owns, for the consumer-facing piece.
Mobileye said this new business will complement its supplier business. The company didn’t name which vehicle will be used in its fleet, only noting that it will work with “AV-ready vehicle platform manufacturers.” However, the company’s press release announcing the partnership shows a photo illustration of what appears to be a modified Ora iQ, the electric crossover produced by the Chinese automaker Great Wall Motors.
“This initiative is not a replacement for our existing partnerships; it is an extension of them,” said Shashua. “We remain deeply committed to enabling automakers and mobility providers with Mobileye Drive. At the same time, operating our own service allows us to accelerate adoption, gain direct operational experience, and showcase the full potential of autonomous mobility.”
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.
You can contact or verify outreach from Kirsten by emailing [email protected] or via encrypted message at kkorosec.07 on Signal.
Mobileye has pitched itself as an autonomous vehicle technology supplier. Now it wants the operator label, too.
The Intel subsidiary and publicly traded company said Tuesday it plans to launch a robotaxi service in a U.S. city in 2027, marking an expansion beyond its supplier strategy. Mobileye didn’t name the U.S. city. However, the Israeli-based company said it will have an initial fleet of 100 autonomous vehicles, which will be phased in throughout 2027.
If successful, Mobileye said it plans to scale to about 17,000 robotaxis over the following five years.
“The robotaxi revolution has only just begun, and its potential for transforming how we travel around the world continues to increase,” Mobileye founder and CEO Amnon Shashua said in a statement, noting that the industry has become increasingly dependent on a small number of technology providers and business models.
Mobileye rose to prominence supplying automakers with millions of computer vision chips designed to support automotive safety features and advanced driver-assistance systems. The company later began developing chips and software that could handle autonomous driving and tested the tech in several cities. It now supplies its self-driving system to Volkswagen and its MOIA subsidiary.
But Mobileye apparently wants to own some of the robotaxi market, even if that puts it in direct competition with companies it supplies its self-driving system to.
These robotaxi aspirations aren’t entirely new. In a 2020 interview with TechCrunch, Shashua said he believed that the “Holy Grail” was passenger car autonomy — in which consumers could buy a car that could operate fully driverless. But to get there he needed to pursue robotaxis.
“The realization is that you can’t reach that Holy Grail if you don’t go through the robotaxi business,” Shashua said at the time.
Mobileye said it will create a new operating business for its robotaxi service, which will use its self-driving system. Mobileye plans to manage the fleet and will leverage Moovit, the transit and ride-hailing app it owns, for the consumer-facing piece.
Mobileye said this new business will complement its supplier business. The company didn’t name which vehicle will be used in its fleet, only noting that it will work with “AV-ready vehicle platform manufacturers.” However, the company’s press release announcing the partnership shows a photo illustration of what appears to be a modified Ora iQ, the electric crossover produced by the Chinese automaker Great Wall Motors.
“This initiative is not a replacement for our existing partnerships; it is an extension of them,” said Shashua. “We remain deeply committed to enabling automakers and mobility providers with Mobileye Drive. At the same time, operating our own service allows us to accelerate adoption, gain direct operational experience, and showcase the full potential of autonomous mobility.”
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.
You can contact or verify outreach from Kirsten by emailing [email protected] or via encrypted message at kkorosec.07 on Signal.
Mobileye Global Inc. is upgraded to a Strong Buy, driven by a new vertically integrated U.S. robotaxi launch planned for 2027. MBLY's robust autonomous tech stack and existing mobility tools position it to scale rapidly in a competitive market. Despite formidable competition from Waymo and Tesla, MBLY stock's valuation—8.64x 2029 earnings—remains attractive, with potential for upward EPS revisions.
~ Chris Blunt to Retire as Chief Executive Officer of F&G; Continues as Director of F&G and Chief Executive Officer of Peak Altitude ~ ~ Conor Murphy Appointed Chief Executive Officer and President ~~ Michael Bailey Named Chief Financial Officer Effective August 3 ~~ Mark Wiltse Will Serve as Interim Chief Financial Officer Until August 3 ~ DES MOINES, Iowa, June 16, 2026 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) (F&G or the Company), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, today announced that Chris Blunt will retire from his current role as Chief Executive Officer of F&G to focus on his roles as a Director of F&G and Chief Executive Officer of subsidiary Peak Altitude Equity, LLC (Peak Altitude). Conor Murphy, current President and Chief Financial Officer, will assume a broader role as Chief Executive Officer and President.
CHARLOTTE, N.C., June 18, 2026 (GLOBE NEWSWIRE) -- FG Communities, whose mission is to preserve and improve affordable housing by acquiring and operating manufactured housing communities, is excited to announce its most recent acquisition of a community located in Waynesville, NC.
Located in the mountains of western North Carolina just outside of Asheville, Waynesville has become a sought-after destination for retirees and outdoor enthusiasts, creating a growing demand for quality affordable housing in the region.
Michael Anise, CEO of FG Communities, said, "Western North Carolina is a market we believe in. Waynesville offers a great quality of life, and we're excited to provide residents an affordable place to call home in such a desirable part of the state."
About FG® Communities
FG Communities, co-founded by Joe Moglia, Kyle Cerminara, and Michael Anise, is a self-administered, self-managed real estate holding company. The company has a growing portfolio of 87 properties with over 4,000 homesites either owned or pending acquisition. FG Communities is committed to improving quality of life and preserving affordable housing for its residents.
Contact:
Michael Anise, CEO [email protected]
https://fgcommunities.com
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: JFrog Ltd. (FROG - Free Report) JFrog Ltd. offers a unified platform for managing and securing the software supply chain, which it calls “Liquid Software,” enabling continuous, trusted delivery across hybrid teams. The JFrog Platform integrates development, security, governance, and distribution for artifacts, packages, containers, and AI/ML models, with capabilities in artifact management, vulnerability scanning, policy enforcement, curation, and secure distribution. Deployments include self-managed, SaaS, and hybrid, with integrations across development tools and cloud providers.
FROG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. FROG has a Momentum Style Score of B, and shares are up 18.4% over the past four weeks.
For fiscal 2026, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $0.95 per share. FROG boasts an average earnings surprise of +22.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, FROG should be on investors' short list.
, /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, August 4, 2026, at 9:30 a.m. EDT to discuss 2026 second-quarter financial results.
Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com.
About MPLX LP
MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com.
Not for distribution to United States Newswire Services or for dissemination in the United States
VICTORIA, BC / ACCESS Newswire / June 18, 2026 / BEACN Wizardry & Magic Inc. (TSXV:BECN) ("BEACN" or the "Company") announced today the closing of the second series under its previously disclosed shipment-triggered loan program (the "Loan Program"), as well as the upcoming release of BEACN App Version 1.4, with public beta expected to begin in summer 2026.
The Loan: The maximum Advanced Amounts under this Series (the "Series Amount") of the Loan Program shall not exceed CA$111,250 and shall be provided by Huang Qian 2008 Revocable Trust (the "Lender").
The Loan Program is governed by a master loan agreement (the "MLA") and is intended to provide BEACN with nondilutive financing to enhance the production and shipment of finished goods inventory. Details of the MLA and the Loan Program were initially disclosed by the Company via press release on May 13, 2026.
Building on that announcement, BEACN App version 1.4 represents a significant step forward in how users personalize and control their setup, introducing per‑ear binaural audio personalization, enhanced parametric EQ, and new workflow tools like Live Profiles and Snapshots that better reflect real‑time use. Additional improvements to routing, mixing flexibility, and overall responsiveness are designed to reduce friction and deliver a more consistent, refined experience across the BEACN ecosystem.
"We've always focused on building tools that remove complexity for creators, and this update is a clear extension of that approach," said Kevin Alexander, CEO of BEACN. "At the same time, our second series of our new loan program reinforce its role as a repeatable, shipment‑aligned financing tool that can support our growth."
Amounts advanced under the Series bares a fixed premium of 10% of funds advanced and are repayable from product sales over the applicable repayment period. The Series has a contractual maturity of up to twelve (12) months following the final shipment date of the applicable inventory. The Company may repay amounts outstanding under the Series prior to maturity without penalty or premium. When the 10% fixed premium along with the principal amount of the loan is repaid, there will be no on-going premiums or payments required on the applicable product or inventory. Any premium or principal amounts under this Loan Program are not convertible into securities of BEACN without prior approval of the Exchange.
Obligations under the Series are secured by a general security agreement over most of the Company's assets. This Series does not include any finder's fees, commissions or other direct or indirect compensation.
Related Party Disclosure
The Lender is considered related party of the Company. As a result, the entering into of the MLA with the Lender constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Notwithstanding the foregoing, the directors of the Company have determined that the Lender's participation in the Loan Program is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 in reliance on the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101.
About BEACN
BEACN (TSX-V:BECN), a Victoria BC based consumer electronics company, develops innovative audio equipment, peripherals and technology for gamers, live streamers, and content creators. BEACN is committed to delivering premium products that enable everyone to produce studio-quality content. BEACN's award-winning product ecosystem includes BEACN Mic, BEACN Studio, BEACN Mix and BEACN Mix Create. BEACN is listed on the TSXV under the symbol BECN.
Media & Investor Enquiries
Liberty Brunet [email protected]
+1 (778) 561-1450
Cautionary Note Regarding Forward-Looking Information
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates", or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. These forward-looking statements include, among other things, statements relating to future advances under the Loan Program.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation: Company's ability to maintain manufacturing volume for its products and its ability to sustain sales of products to customers and general economic and market conditions will not change in an adverse manner.
Additionally, forward-looking statements involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, or achievements expressed or implied by such forward-looking statements.
The forward-looking statements contained in this press release represent management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this press release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this press release by you or any of your representatives or for omissions from the information in this press release. We seek safe harbor.
Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Keurig Dr Pepper, Novo Nordisk, Sonoco Products, Domino's Pizza, and Realty Income are top June dividend picks, all rated Buy or Strong Buy. KDP, NVO, SON, DPZ, and O are each trading 15–37% below estimated fair value, offering yields averaging 3.78% and projected annual returns of ~14%. I expect robust dividend growth and improving margins across these picks, with strong balance sheets and resilience to economic uncertainty prioritized.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Domino's Pizza, Inc. (Nasdaq: DPZ) announces the following event:
What:
Domino's Second Quarter 2026 Earnings Webcast
When:
Monday, July 20 at 8:30 a.m. ET
Where:
ir.dominos.com
How:
Live webcast (web address above)
Contact:
Greg Lemenchick, Vice President of Investor Relations & Sustainability
[email protected]
This event will be archived on Domino's website for replay.
Results and supplemental material will be distributed at 6:05 a.m. ET on July 20, 2026, and will be available on our website.
About Domino's Pizza®
Founded in 1960, Domino's Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout. It ranks among the world's top public restaurant brands with a global enterprise of more than 22,300 stores in over 90 markets. Domino's had global retail sales of over $20.4 billion in the trailing four quarters ended March 22, 2026. Its system is comprised of independent franchise owners who accounted for 99% of Domino's stores as of the end of the first quarter of 2026. In the U.S., Domino's generated more than 85% of U.S. retail sales in 2025 via digital channels and has developed many innovative ordering platforms.
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Tencent Holdings is deeply undervalued, trading at a forward P/E of 12.7 despite robust fundamentals and resilient cash generation. Gaming is accelerating, with domestic gross receipts up in the teens percent and international gaming revenue up 13% YoY, signaling a revitalized growth trajectory. Weixin's closed-loop ad platform is driving 20% YoY marketing revenue growth, leveraging AI and integrated commerce for superior conversion and monetization.
Core headline earnings are expected to increase between 19% to 28% reflecting strong revenue growth and profitability across its businesses, most notably Tencent.
Tencent's largest shareholder expects core earnings for fiscal 2026 to get a boost from revenue growth across its own operations as well as its investment in the tech giant.
Berenberg has downgraded Anglo American PLC (LSE:AAL), the FTSE 100 mining group, to 'hold' from 'buy', taking what it called a breather after a strong run in the shares.
The broker said it sat below market consensus for Anglo's first-half results and expected a more neutral share price until the company's merger with Canada's Teck Resources completes.
Despite the downgrade, Berenberg remained broadly positive on the sector, repeating its call for investors to hold an above-average weighting in mining stocks.
Glencore PLC (LSE:GLEN), the blue-chip commodities trader and producer, was named the broker's top pick among the diversified miners, which produce a range of commodities rather than a single one.
Berenberg described Glencore as a bridge between two scenarios for markets, one in which the recent Middle East conflict escalates and one in which tensions ease.
The broker upgraded Central Asia Metals, which mines copper, zinc and lead, to buy from hold, calling the shares cheap and flagging the potential boost from its planned deal with Cygnus Metals.
It said the company could even become a takeover target itself.
Berenberg also upgraded Valterra Platinum to 'buy', alongside Sylvania Platinum (ASX:SLV) and Tharisa, reflecting an upbeat view on platinum group metals, a family of precious metals used in vehicle catalytic converters and emerging clean energy technologies.
Antofagasta, the Chilean copper miner listed in London, was kept at 'hold', with the broker seeing better value later in 2027 as the company's growth projects come on stream.
In uranium, Berenberg reiterated its buy rating on Yellow Cake, the investment vehicle that holds physical uranium, describing the metal as a high-conviction call.
Among gold producers, the broker said it continued to favour Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) and Wheaton Precious Metals among the larger companies, and Pan African Resources and Resolute Mining among smaller and mid-sized names.
It pointed to Cornish Metals, Ecora Royalties PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF, FRA:HGR) and Guardian Metal Resources as stocks with specific catalysts that could drive their shares higher.
Berenberg said delivery on its plans should prompt a re-rating for Metlen Energy & Metals, while Griffin Mining should benefit from a stronger second half at its Caijiaying mine in China.
The broker raised its copper price forecast to between $13,500 and $14,000 a tonne, having initially expected the metal to weaken after the Middle East conflict on concerns over demand.
Instead, it said, the risk had shifted to supply.
Berenberg lifted its forecasts for thermal and metallurgical coal, trimmed its gold estimates while maintaining a supportive view, and left iron ore little changed.
The broker said it preferred small and mid-cap miners to the largest companies, arguing that recent market volatility had opened gaps between commodity and share prices and their fair value.
In the latest close session, Viking Therapeutics, Inc. (VKTX - Free Report) was up +2.16% at $30.29. The stock exceeded the S&P 500, which registered a loss of 1.22% for the day. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.
Prior to today's trading, shares of the company had gained 4.4% outpaced the Medical sector's gain of 4.11% and the S&P 500's gain of 1.56%.
Market participants will be closely following the financial results of Viking Therapeutics, Inc. in its upcoming release. On that day, Viking Therapeutics, Inc. is projected to report earnings of -$1.21 per share, which would represent a year-over-year decline of 108.62%.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$4.7 per share and revenue of $0 million, indicating changes of -47.34% and 0%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Viking Therapeutics, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.72% lower. Viking Therapeutics, Inc. presently features a Zacks Rank of #3 (Hold).
The Medical - Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 39% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
IOVA guides for $350M–$370M 2026 revenue (36% YoY growth), with Q2'26 expected to be a record Amtagvi quarter. Expansion into new indications (NSCLC, endometrial, sarcoma) and global markets underpins the pipeline-in-a-drug thesis. A more receptive FDA increases the likelihood of accelerated approvals based on single-arm data, streamlining IOVA's development path.
The Novo Nordisk partnership transformed Hims & Hers Health, Inc. from a fringe obesity player into an official healthcare ecosystem participant. Short interest remains elevated near 30%-32% of the HIMS float, leaving roughly 63 million shares vulnerable to further covering. HIMS management targets at least $6.5 billion in revenue and $1.3 billion in adjusted EBITDA by 2030 through platform expansion.
Hims & Hers Health, Inc. (HIMS - Free Report) closed at $31.89 in the latest trading session, marking a +1.33% move from the prior day. This change outpaced the S&P 500's 1.22% loss on the day. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.
Shares of the company witnessed a gain of 40.24% over the previous month, beating the performance of the Medical sector with its gain of 4.11%, and the S&P 500's gain of 1.56%.
Analysts and investors alike will be keeping a close eye on the performance of Hims & Hers Health, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.08, reflecting a 147.06% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $689.29 million, reflecting a 26.52% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.09 per share and a revenue of $2.91 billion, representing changes of -116.98% and +23.78%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Hims & Hers Health, Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Hims & Hers Health, Inc. is currently a Zacks Rank #5 (Strong Sell).
Valuation is also important, so investors should note that Hims & Hers Health, Inc. has a Forward P/E ratio of 786.75 right now. This indicates a premium in contrast to its industry's Forward P/E of 24.89.
We can also see that HIMS currently has a PEG ratio of 59.04. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Medical Info Systems stocks are, on average, holding a PEG ratio of 1.93 based on yesterday's closing prices.
The Medical Info Systems industry is part of the Medical sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 36% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Hims & Hers remains attractive at $33, supported by renewed Novo Nordisk partnership and unique access to patient demand. Despite weak Q1 2026 results—4% revenue growth, declining margins, and a net loss—international expansion and diversified categories are strengthening the long-term outlook. Management targets $6.5B+ revenue and $1.3B+ adjusted EBITDA by 2030, with valuation justified if retention and cross-sell improve.
Hims & Hers Health stock is among today’s top performers. What’s behind HIMS gains? Barclays Expects Renewed Strength In GLP‑1 SegmentBarclays highlighted several demand signals. Website traffic rose 12% year-over-year in April and 35% year-over-year in May. Barclaycard data showed a 16% month-over-month increase in transactions during May, while total spending climbed 14% month-over-month.
HIMS Stock: Key Levels And Momentum IndicatorsHims & Hers continues to trade well above its short term trend markers. The stock sits about 30% above the 20 day simple moving average at $27.08 and roughly 34% above the 50 day simple moving average at $26.32. It also trades about 5% above the 200 day simple moving average at $33.39, a level many longer term traders view as an important dividing line for trend direction.
Momentum signals remain constructive. MACD is positioned above its signal line and the histogram is positive, which reflects strengthening buying pressure compared with the prior pullback. When MACD holds above the signal line, it often indicates that buyers are gaining control while selling pressure fades.
The broader backdrop is still uneven. The stock is recovering from a difficult twelve-month stretch where it fell 42.39%, and it continues to trade under the influence of the death cross that appeared in December 2025 when the 50-day average slipped below the 200-day average. This type of setup often produces sharp rallies that can run into resistance quickly as overhead supply reappears near earlier pivot zones.
Key Resistance: $36.50 — A nearby pivot zone where sellers have previously stepped in and where rallies may slow. Key Support: $33.00 — A short term floor near the 200 day region where dip buyers may attempt to stabilize the trend. HIMS Shares Are RisingHIMS Price Action: Hims & Hers shares were up 9.94% at $35.06 at the time of publication on Thursday, according to Benzinga Pro.
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Toronto, Ontario--(Newsfile Corp. - June 16, 2026) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging restaurant brands, is pleased to announce that our wholly owned subsidiary Heal Wellness ("Heal") has secured a real estate location for our existing Richmond Hill franchisee. Heal Wellness is a fast-growing quick-service restaurant ("QSR") brand specializing in fresh smoothie bowls, açaí bowls, and smoothies, built around clean ingredients and a better-for-you lifestyle.
Happy Belly 1
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Richmond Hill, Ontario, combines an affluent, health-conscious, family-oriented population with strong daytime and commuter traffic in the heart of York Region. The city is populated with a large core of residents who are in the prime demographic target for Heal, representing a customer base for convenient, better-for-you meals and snacks. With its diverse, urban-suburban community, strong household base, and proximity to offices, schools, fitness studios, shopping plazas, and major corridors, Richmond Hill offers the ideal mix of families, professionals, students, and active lifestyle consumers who are likely to embrace fresh smoothie bowls, açaí bowls, and clean-ingredient smoothies as part of their daily routines.
"Securing a real estate location for our franchisee further advances Heal's disciplined, asset-light growth strategy as the brand continues to expand across Ontario's high-growth urban and suburban markets," said Sean Black, Chief Executive Officer of Happy Belly Food Group. "This location reflects our continued focus on expanding Heal into strong, community-oriented markets with favorable demographic and traffic fundamentals. The City of Richmond Hill benefits from steady population growth, a growing commercial base, and a well-balanced mix of residents and families seeking convenient, health-forward food options. These characteristics align well with Heal's functional, grab-and-go offering and support sustainable, long-term unit performance."
Happy Belly 2
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"Heal Wellness continues to expand rapidly across Canada and into the United States, solidifying its position as a leading acai and smoothie bowl brand," said Sean Black. "With 42 locations now open and more than 166 in development, Heal remains a key driver of growth within Happy Belly's broader portfolio of 686 contractually committed retail franchise locations across multiple emerging brands in various stages of development, construction, and operation. We continue to build a predictable and disciplined growth engine designed to create long-term shareholder value."
"We are just getting started," said Sean Black.
About Heal WellnessHeal Wellness was founded with a passion and mission to provide quick, fresh wellness foods that support a busy and active lifestyle. We currently offer a diverse range of smoothie bowls and smoothies. We take pride in meticulously selecting every superfood ingredient on our menu to fuel the body, including acai smoothie bowls, smoothies, and super-seed grain bowls. Our smoothie bowls are crafted with real fruit and enriched with superfoods like acai, pitaya, goji berries, chia seeds, and more.
FranchisingFor franchising inquiries please see www.happybellyfg.com/franchise-with-us/ or contact us at [email protected].
About Happy Belly Food Group
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company") is a leader in acquiring and scaling emerging food brands across Canada.
Happy Belly 3
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Sean Black
Co-founder, Chief Executive Officer
Shawn Moniz
Co-founder, President
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Forward-Looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur and include the future performance of Happy Belly and her subsidiaries. Forward-Looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for Happy Belly described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis and other disclosure filings with Canadian securities regulators, which are posted on www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301667
Source: Happy Belly Food Group Inc.
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