The logo of American motorcycle manufacturer Harley-Davidson is seen at an Harley-Davidson dealership in Paris, France, April 8, 2025. REUTERS/Gonzalo Fuentes Purchase Licensing Rights, opens new tab
CompaniesJuly 23 (Reuters) - Harley-Davidson (HOG.N), opens new tab reported lower second-quarter profit and revenue but raised its annual forecast on Thursday, as the legacy motorbike maker leaned on its wider turnaround plan to navigate higher costs of raw materials.
The company has been focused on its "Back to the Bricks" turnaround plan which attempts to capture younger riders by bringing back some of Harley's iconic motorcycles and rolling out models with smaller engines.
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Here are the details:
The company under new CEO Artie Starrs has been trying to shift its focus away from premier touring models by moving back to lighter and more affordable bikes, with an entry point to the Harley experience now hovering around the $10,000 mark.
Shares of the company fell about 1% in premarket trade.
Banking on stronger retail demand, the company now expects its annual global motorbike retail sales to be between 133,500 and 138,500 units, up from a previously expected range of 130,000 to 135,000 units.
The Milwaukee-based company reported a quarterly net income of $80 million, or 75 cents per share, compared with $108 million, or 88 cents per share, a year ago.
Overall revenue in the second quarter fell 6% to $1.23 billion from a year earlier.
Harley's second-quarter gross margin fell to 27.5% from 28.6% a year earlier, hurt by higher cost of raw materials, an unfavorable product mix and foreign exchange impacts.
Reporting by Nathan Gomes in Bengaluru; Editing by Devika Syamnath
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Harley-Davidson (HOG - Free Report) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +20.97%. A quarter ago, it was expected that this motorcycle maker would post earnings of $0.34 per share when it actually produced earnings of $0.22, delivering a surprise of -35.29%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Harley-Davidson, which belongs to the Zacks Automotive - Domestic industry, posted revenues of $1.11 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.38%. This compares to year-ago revenues of $1.05 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Harley-Davidson shares have added about 34.8% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Harley-Davidson?While Harley-Davidson has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Harley-Davidson was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.50 on $1.05 billion in revenues for the coming quarter and $0.39 on $3.72 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Domestic is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Lucid Group (LCID - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.
This an electric vehicle automaker is expected to post quarterly loss of $3.12 per share in its upcoming report, which represents a year-over-year change of -11.4%. The consensus EPS estimate for the quarter has been revised 11.8% lower over the last 30 days to the current level.
Lucid Group's revenues are expected to be $323.31 million, up 24.6% from the year-ago quarter.
From footwear and apparel to backpacks and everyday essentials, Academy delivers back-to-school savings on style and sports essentials
, /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, is helping families make the most of the back-to-school season for less with a broad assortment of everything from first-day looks to top trends across apparel, footwear, backpacks, hydration, and everyday essentials. Designed to help families stretch their budgets without sacrificing items on their shopping lists, they can get back-to-school ready in stores and at Academy.com.
Academy Sports + Outdoors helps students gear up for a new school year with the essentials they need for the classroom and beyond. As kids head back to class, fall routines and team tryouts, Academy is bringing together must-have gear and easy shopping options for everything kids need to meet friends, join a new team, discover their latest interests or gear up for fall sports.
"Back-to-school is about helping families feel ready for everything the new school year brings," said Matt McCabe, Executive Vice President and Chief Merchandising Officer. "At Academy Sports + Outdoors, parents can find the brands they trust, the styles their kids want and the value their families need, whether they're shopping for the classroom or the field."
Academy is helping families get back-to-school ready with:
Undefeatable value across leading national brands and Academy private brands, including Nike, adidas, Brooks, Burlebo, Carhartt, Magellan Outdoors and Freely, with options across price points. Trend-right apparel for the classroom and after-school activities, including camo and graphic tees, denim, shorts, performance hoodies, fleece and athletic styles, plus Magellan Outdoors washed camo graphic tees for the family at $19.99 and new Freely patterns. Top footwear including Nike Air Max, Nike V5 Runner, Brooks Ghost Max, adidas Pacer, Birkenstock, New Balance styles, football cleats and recovery options. Back-to-school essentials, including Nike Elite backpacks, lunch totes, clear and mesh school bags, plus an expanded backpack assortment with Herschel and Cotopaxi options at select Academy stores. Hydration and accessories from Stanley, HydroJug, Owala and YETI, featuring new colors, prints and styles for the classroom, sidelines and everywhere in between. Fall sports season gear, such as Nike Shark football gloves, NXTRND mouthguards, Riddell and Schutt helmets, and Battle shoulder pads for football as well as on field essentials from adidas for soccer. In addition, Academy offers benefits on everyday purchases through its reimagined loyalty program, myAcademy Rewards, where customers can join for free and enjoy a $15 off welcome offer, free shipping with a $25 minimum spend, insider access to exclusive offers, and much more.
Families can also make their budgets go even further with in-store and online purchases through the myAcademy Rewards MasterCard, including 5% off every day at Academy, a $30 off welcome offer, free shipping with no minimum spend, and an unlimited 2% back in rewards on eligible everyday purchases.
And Academy offers its Price Match Guarantee — every time and every day. Academy beats competitor prices by 5% so you can always know you're getting the best deal.
To kick off the back-to-school season, Academy will host a Line-Up to Win at all 117 Texas stores on Saturday, August 1. The first 125 customers in line at each participating location will receive a promotional card valued at up to $100, valid for in-store purchases made that weekend and subject to applicable terms and conditions.
Families can shop Academy's complete assortment, seasonal deals, participating state Tax-Free Weekend offers and convenient shopping options in stores, at Academy.com, or through same day delivery where available.
About Academy Sports + Outdoors
Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.
Media inquiries:
Allan Rojas
Director, External Communications
281.944.6048
[email protected]
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The research service features 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, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest 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 trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% 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.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure 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.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: HealthEquity (HQY - Free Report) Draper, UT-headquartered HealthEquity provides integrated solutions for healthcare account management, health reimbursement arrangement and flexible spending accounts for health plans, insurance companies and third-party administrators in the United States.
HQY is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. HQY has a Growth Style Score of A, forecasting year-over-year earnings growth of 17.8% for the current fiscal year.
For fiscal 2027, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.10 to $4.71 per share. HQY boasts an average earnings surprise of +12%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, HQY should be on investors' short list.
Investors in Clean Harbors, Inc. (CLH - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug. 21, 2026 $330 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Clean Harbors shares, but what is the fundamental picture for the company? Currently, Clean Harbors is a Zacks Rank #2 (Hold) in the Waste Removal Services industry that ranks in the Top 38% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimates for the current quarter, while none dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $2.70 per share to $2.73 in that period.
Given the way analysts feel about Clean Harbors right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected
, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Helen of Troy Limited ("Helen of Troy" or the "Company") (NASDAQ: HELE). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Helen of Troy and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until August 3, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Helen of Troy securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On July 9, 2024, Helen of Troy announced its 2025 first quarter results, allegedly reflecting a 49% decrease in earnings per share year-over year and reducing its full year revenue outlook by more than 20%.
On this news, Helen of Troy's stock price fell nearly 28%.
Then, on July 10, 2025, Helen of Troy announced its 2026 first quarter results, allegedly reflecting a net sales decline of 11% year-over-year and a nearly 60% decline in adjusted earnings per share. The Company also announced a $414.4 million goodwill impairment. On this news, Helen of Troy's stock price fell nearly 23%.
Finally, on October 9, 2025, Helen of Troy announced its 2026 second quarter results, allegedly revealing that quarterly sales were down 8.9% year-over-year, adjusted earnings per share fell 51%, and business disruptions and cost headwinds would continue throughout the remainder of the year.
On this news, Helen of Troy's stock price fell 25%.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is Henry Schein (HSIC - Free Report) . HSIC is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 13.27, which compares to its industry's average of 16.89. HSIC's Forward P/E has been as high as 15.82 and as low as 12.57, with a median of 13.90, all within the past year.
Another valuation metric that we should highlight is HSIC's P/B ratio of 2.01. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 5.38. Within the past 52 weeks, HSIC's P/B has been as high as 2.53 and as low as 1.92, with a median of 2.16.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. HSIC has a P/S ratio of 0.72. This compares to its industry's average P/S of 1.45.
Finally, investors will want to recognize that HSIC has a P/CF ratio of 11.89. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. HSIC's P/CF compares to its industry's average P/CF of 17.91. Within the past 12 months, HSIC's P/CF has been as high as 15.66 and as low as 10.92, with a median of 12.77.
These are only a few of the key metrics included in Henry Schein's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, HSIC looks like an impressive value stock at the moment.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AST SpaceMobile, Inc. ("AST" or the "Company") (NASDAQ: ASTS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether AST and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On January 7, 2026, Scotiabank downgraded AST to Sell, citing, among other things, significant competition from SpaceX's Starlink, slow customer adoption, and delays in launching AST's satellites.
Following the downgrade, AST's stock price fell $11.76 per share, or 12.06%, to close at $85.73 per share on January 7, 2026.
Then, on July 15, 2026, AST issued a press release "announc[ing] the pricing of $1.0 billion aggregate principal amount of 1.625% convertible senior notes due 2034".
On this news, AST's stock price fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Mobileye Global (MBLY - Free Report) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +216.67%. A quarter ago, it was expected that this maker of driver-assistance systems and autonomous driving technologies would post earnings of $0.08 per share when it actually produced earnings of $0.12, delivering a surprise of +50%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Mobileye, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $508 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.96%. This compares to year-ago revenues of $506 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Mobileye shares have lost about 15.9% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Mobileye?While Mobileye has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Mobileye was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.05 on $472.29 million in revenues for the coming quarter and $0.28 on $1.98 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Innoviz Technologies Ltd. (INVZ - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of +33.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Innoviz Technologies Ltd.'s revenues are expected to be $16.33 million, up 67.5% from the year-ago quarter.
Mobileye Global (MBLY - Free Report) reported $508 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 0.4%. EPS of $0.19 for the same period compares to $0.13 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $484 million, representing a surprise of +4.96%. The company delivered an EPS surprise of +216.67%, with the consensus EPS estimate being $0.06.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mobileye performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Number of systems shipped: 10 million versus 9.29 million estimated by five analysts on average.Average system price: $48.50 versus $49.08 estimated by four analysts on average.EyeQ and SuperVision revenue: $485 million compared to the $459.04 million average estimate based on four analysts.View all Key Company Metrics for Mobileye here>>>
Shares of Mobileye have returned +12.7% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
The integration creates a seamless, automated path from a customer's first voice interaction to kitchen fulfillment, across drive-thru, phone, kiosk, and in-car channels, in more than 100 languages.
, /PRNewswire/ -- Deliverect, the global restaurant technology platform serving more than 80,000 locations worldwide, today announced a partnership with SoundHound AI (Nasdaq: SOUN), a global leader in voice and agentic AI, to fully automate restaurant voice ordering from the moment a customer speaks to the moment the kitchen receives the order.
The integration connects SoundHound Smart Ordering directly to Deliverect's order and menu management platform. SoundHound's voice AI agents pull real-time menu and location data from Deliverect, capture orders flawlessly across every voice channel, and route them straight to kitchen fulfillment through Deliverect's certified POS integrations. Voice in, order out, with no manual re-entry, no handoff errors, and no added burden on restaurant teams.
Closing the gap between a customer's voice and the kitchen
Until now, the journey from a spoken order to the kitchen has involved staff, manual re-entry, and multiple points of failure. During peak hours, when teams are stretched thin, that fragility translates directly into lost revenue: missed or abandoned phone calls, order errors, and inconsistent experiences across drive-thru, phone, kiosk, and digital channels.
The partnership eliminates those failure points by turning the entire journey into a single automated loop. AI voice agents answer every call and capture every order, while menu accuracy is maintained in real time directly from Deliverect, with no manual updates needed across channels.
For operators, the outcomes are tangible: higher order capture rates with no missed calls, consistent upselling and limited-time-offer promotion across every ordering channel, faster throughput and reduced wait times, and staff freed up from answering phones to focus on cooking and taking care of guests in person.
Any market, any POS, no custom builds
Historically, one of the biggest obstacles to scaling voice ordering internationally has been the cost and complexity of building direct POS integrations market by market. Deliverect removes
that obstacle. With more than 550 POS integrations across over 50 countries, Smart Ordering can go live in any market, on virtually any POS, without custom development.
Combined with support for more than 100 languages, the partnership gives international restaurant groups a future-proof ordering infrastructure that scales across channels, markets, and languages, without rebuilding for every new touchpoint or region. As customer expectations shift toward voice-first and self-service experiences, operators running Deliverect and Smart Ordering are already there.
Mike Lauricella, VP of Channel Partnerships at SoundHound AI, said: "The future of restaurant hospitality relies on automation and convenience. Partnering with Deliverect allows us to deeply embed SoundHound's AI voice agents into the restaurant tech stack. By syncing critical menu and location data, our AI voice agents can handle order placement flawlessly, reducing front-of-house strain and delivering a seamless customer experience."
Don MacMillan, Head of Partnerships for the US and Canada at Deliverect, said: "Voice is the oldest ordering channel in the restaurant business, and until now it's been the least automated. This partnership changes that. By connecting SoundHound's AI voice agents directly to Deliverect, every spoken order, whether it comes through the drive-thru, a phone call, or a kiosk, flows straight into the kitchen with the same accuracy and speed as a digital order. For operators, that means no more missed calls, no more re-keying, and teams that can focus on hospitality instead of handsets. It's a major step toward the fully connected restaurant we're building with our partners."
About SoundHound AI
SoundHound AI (Nasdaq: SOUN) is a voice and agentic AI company that enables businesses to deliver natural, end-to-end conversational experiences across digital and physical channels, including phones, kiosks, chat, smart devices, drive-thrus, TVs, in-vehicle, and more. Its agentic platform, OASYS, is a self-learning, orchestrated AI system where organizations can build and deploy conversational AI agents to handle transactions, tasks, and workflows on behalf of customers and employees. Built on proprietary technology backed by 400+ patents and years of AI research, SoundHound serves leading brands across industries including automotive, financial services, healthcare, retail, telecommunications, and more. It powers millions of products and processes billions of interactions annually for enterprise customers worldwide. Learn more at: www.soundhound.com
About Deliverect
Deliverect is a global restaurant technology company that connects digital ordering channels directly to in-store operations, serving more than 80,000 restaurant locations worldwide. With an API-first platform and over 1,000 certified integrations, Deliverect streamlines digital ordering across carryout, delivery, catering, and in-store fulfillment. It is the only digital ordering platform to have earned DoorDash's Excellent integration rating. By leveraging AI-driven innovation, Deliverect empowers restaurants to anticipate demand, recover lost revenue, and grow smarter at scale. The company processes 30 million API calls daily, has powered 1.5+ billion orders to date, and is trusted by many of the world's largest and most innovative restaurant brands. To learn more, visit deliverect.com.
, /PRNewswire/ -- NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its second quarter ended June 30, 2026 of $236.5 million, or $83.96 per diluted share. For the second quarter ended June 30, 2026, net income and diluted earnings per share decreased 29% and 23%, respectively, when compared to 2025 second quarter net income of $333.7 million, or $108.54 per diluted share. Consolidated revenues for the second quarter of 2026 totaled $2.33 billion, compared to $2.60 billion in the second quarter of 2025.
For the six months ended June 30, 2026, consolidated revenues were $4.21 billion, a 16% decrease from $5.00 billion reported for the same period of 2025. Net income for the six months ended June 30, 2026 was $434.8 million, a decrease of 31% when compared to net income for the six months ended June 30, 2025 of $633.3 million. Diluted earnings per share for the six months ended June 30, 2026 was $151.38, a decrease of 26% from $203.20 per diluted share for the same period of 2025.
Homebuilding
New orders in the second quarter of 2026 increased by 9% to 5,885 units, when compared to 5,379 units in the second quarter of 2025. The average sales price of new orders in the second quarter of 2026 was $437,100, a decrease of 5% when compared to the second quarter of 2025. The cancellation rate in the second quarter of 2026 was 15% compared to 17% in the second quarter of 2025. Settlements in the second quarter of 2026 decreased by 8% to 5,058 units, compared to 5,475 units in the second quarter of 2025. The average settlement price in the second quarter of 2026 was $450,700, a decrease of 3% when compared to the second quarter of 2025. Our backlog of homes sold but not settled as of June 30, 2026 increased on a unit basis by 9% to 10,998 units and increased on a dollar basis by 5% to $4.99 billion when compared to the respective backlog unit and dollar balances as of June 30, 2025.
Homebuilding revenues of $2.28 billion in the second quarter of 2026 decreased by 11% compared to homebuilding revenues of $2.55 billion in the second quarter of 2025. Gross profit margin in the second quarter of 2026 decreased to 19.2%, from 21.5% in the second quarter of 2025. Gross profit margin was negatively impacted by higher lot costs, pricing pressure due to continued affordability challenges and weak consumer sentiment, and by contract land deposit impairments totaling approximately $21.7 million. Income before tax from the homebuilding segment totaled $293.2 million in the second quarter of 2026, a decrease of 30% when compared to the second quarter of 2025.
Mortgage Banking
Mortgage closed loan production in the second quarter of 2026 totaled $1.35 billion, a decrease of 13% when compared to the second quarter of 2025. Income before tax from the mortgage banking segment totaled $25.4 million in the second quarter of 2026, a decrease of 14% when compared to $29.6 million in the second quarter of 2025.
About NVR
NVR, Inc. operates in two business segments: homebuilding and mortgage banking. The homebuilding segment sells and builds homes under the Ryan Homes, NVHomes and Heartland Homes trade names, and operates in thirty-seven metropolitan areas in sixteen states and Washington, D.C. For more information about NVR, Inc. and its brands, see www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com and www.heartlandluxuryhomes.com.
Some of the statements in this release made by the Company constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain, but not necessarily all, of such forward-looking statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will," "should," "could," or "anticipates" or the negative thereof or other comparable terminology. All statements other than of historical facts are forward-looking statements. Forward-looking statements contained in this document may include those regarding market trends, NVR's financial position and financial results, business strategy, the outcome of pending litigation, investigations or similar contingencies, and projected plans and objectives of management for future operations. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance of NVR to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements. Such risk factors include, but are not limited to the following: general economic and business conditions (on both a national and regional level); interest rate changes; access to suitable financing by NVR and NVR's customers; increased regulation in the mortgage banking industry; the ability of our mortgage banking subsidiary to sell loans it originates into the secondary market; competition; the availability and cost of land and other raw materials used by NVR in its homebuilding operations; shortages of labor; the economic impact of a major epidemic or pandemic; weather related slow-downs; building moratoriums; governmental regulation; fluctuation and volatility of stock and other financial markets; mortgage financing availability; and other factors over which NVR has little or no control. NVR undertakes no obligation to update such forward-looking statements except as required by law.
NVR, Inc.
Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Homebuilding:
Revenues
$ 2,279,771
$ 2,548,267
$ 4,114,650
$ 4,898,712
Other income
12,095
25,088
40,144
51,800
Cost of sales
(1,841,217)
(1,999,983)
(3,315,756)
(3,835,358)
Selling, general and administrative
(150,721)
(149,170)
(307,692)
(314,287)
Interest expense
(6,698)
(6,685)
(13,552)
(13,866)
Homebuilding income
293,230
417,517
517,794
787,001
Mortgage Banking:
Mortgage banking fees
46,585
50,547
92,769
103,134
Interest income
3,983
4,493
7,612
8,299
Other income
1,292
1,301
2,069
2,394
General and administrative
(26,153)
(26,425)
(49,280)
(51,118)
Interest expense
(296)
(300)
(629)
(573)
Mortgage banking income
25,411
29,616
52,541
62,136
Income before taxes
318,641
447,133
570,335
849,137
Income tax expense
(82,183)
(113,396)
(135,518)
(215,824)
Net income
$ 236,458
$ 333,737
$ 434,817
$ 633,313
Basic earnings per share
$ 87.65
$ 114.52
$ 158.75
$ 214.78
Diluted earnings per share
$ 83.96
$ 108.54
$ 151.38
$ 203.20
Basic weighted average shares outstanding
2,698
2,914
2,739
2,949
Diluted weighted average shares outstanding
2,816
3,075
2,872
3,117
NVR, Inc.
Consolidated Balance Sheets
(in thousands, except share and per share data)
(unaudited)
June 30, 2026
December 31, 2025
ASSETS
Homebuilding:
Cash and cash equivalents
$ 1,093,736
$ 1,883,844
Restricted cash
44,562
34,348
Receivables
49,642
32,742
Inventory:
Lots and housing units, covered under sales agreements with customers
1,877,430
1,410,695
Unsold lots and housing units
307,698
252,029
Land under development
21,067
39,312
Building materials and other
29,094
21,524
2,235,289
1,723,560
Contract land deposits, net
927,380
851,458
Property, plant and equipment, net
99,248
103,770
Operating lease right-of-use assets
110,893
110,535
Other assets
348,163
349,306
4,908,913
5,089,563
Mortgage Banking:
Cash and cash equivalents
50,938
32,642
Restricted cash
8,023
6,047
Mortgage loans held for sale, net
396,678
571,596
Property and equipment, net
7,723
7,727
Operating lease right-of-use assets
22,538
23,953
Other assets
75,807
125,402
561,707
767,367
Total assets
$ 5,470,620
$ 5,856,930
NVR, Inc.
Consolidated Balance Sheets (Continued)
(in thousands, except share and per share data)
(unaudited)
June 30, 2026
December 31, 2025
LIABILITIES AND SHAREHOLDERS' EQUITY
Homebuilding:
Accounts payable
$ 375,478
$ 259,244
Accrued expenses and other liabilities
311,697
376,976
Customer deposits
294,698
249,210
Operating lease liabilities
117,947
117,589
Senior notes
908,162
909,160
2,007,982
1,912,179
Mortgage Banking:
Accounts payable and other liabilities
46,849
53,738
Operating lease liabilities
24,593
26,144
71,442
79,882
Total liabilities
2,079,424
1,992,061
Commitments and contingencies
Shareholders' equity:
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 shares
issued as of both June 30, 2026 and December 31, 2025
206
206
Additional paid-in capital
3,223,670
3,155,367
Deferred compensation trust – 106,697 shares of NVR, Inc. common stock as of
both June 30, 2026 and December 31, 2025
(16,710)
(16,710)
Deferred compensation liability
16,710
16,710
Retained earnings
16,821,586
16,386,769
Less treasury stock at cost – 17,877,177 and 17,755,943 shares as of June 30, 2026
and December 31, 2025, respectively
(16,654,266)
(15,677,473)
Total shareholders' equity
3,391,196
3,864,869
Total liabilities and shareholders' equity
$ 5,470,620
$ 5,856,930
NVR, Inc.
Operating Activity
(dollars in thousands)
(unaudited)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Units
Average
Price
Units
Average
Price
Units
Average
Price
Units
Average
Price
New orders, net of cancellations:
Mid Atlantic (1)
2,081
$ 499.2
1,930
$ 531.3
3,998
$ 499.2
3,796
$ 523.0
North East (2)
390
$ 639.4
424
$ 655.3
859
$ 624.4
801
$ 674.0
Mid East (3)
1,186
$ 419.2
1,072
$ 424.2
2,369
$ 422.2
2,170
$ 422.0
South East (4)
2,228
$ 353.3
1,953
$ 361.7
4,397
$ 356.0
3,957
$ 359.0
Total
5,885
$ 437.1
5,379
$ 458.1
11,623
$ 438.6
10,724
$ 453.3
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Units
Average Price
Units
Average Price
Units
Average Price
Units
Average Price
Settlements:
Mid Atlantic (1)
1,721
$ 511.1
2,101
$ 537.2
3,139
$ 515.3
4,151
$ 532.6
North East (2)
452
$ 621.1
474
$ 651.7
818
$ 637.2
945
$ 632.5
Mid East (3)
1,056
$ 429.4
1,082
$ 415.8
1,778
$ 429.6
2,095
$ 411.6
South East (4)
1,829
$ 364.1
1,818
$ 363.3
3,338
$ 363.0
3,417
$ 359.2
Total
5,058
$ 450.7
5,475
$ 465.4
9,073
$ 453.5
10,608
$ 461.8
As of June 30,
2026
2025
Units
Average
Price
Units
Average
Price
Backlog:
Mid Atlantic (1)
4,019
$ 509.2
3,713
$ 532.6
North East (2)
1,014
$ 632.9
911
$ 698.4
Mid East (3)
2,224
$ 426.2
2,120
$ 426.8
South East (4)
3,741
$ 362.5
3,325
$ 371.6
Total
10,998
$ 453.9
10,069
$ 472.1
NVR, Inc.
Operating Activity (Continued)
(dollars in thousands)
(unaudited)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Average active communities:
Mid Atlantic (1)
133
120
129
120
North East (2)
28
26
29
25
Mid East (3)
95
94
97
93
South East (4)
186
186
182
175
Total
442
426
437
413
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Homebuilding data:
New order cancellation rate
14.9 %
16.5 %
14.4 %
16.0 %
Lots controlled at end of period
184,400
171,400
Mortgage banking data:
Loan closings
$ 1,354,713
$ 1,555,280
$ 2,407,697
$ 2,988,201
Capture rate
85 %
87 %
84 %
87 %
Common stock information:
Shares outstanding at end of period
2,678,153
2,883,215
Number of shares repurchased
54,716
65,834
144,896
142,954
Aggregate cost of shares repurchased
$ 357,777
$ 471,413
$ 989,733
$ 1,054,807
(1)
Maryland, Virginia, West Virginia, Delaware and Washington, D.C.
(2)
New Jersey and Eastern Pennsylvania
(3)
New York, Ohio, Western Pennsylvania, Indiana and Illinois
(4)
North Carolina, South Carolina, Tennessee, Florida, Georgia and Kentucky
SummaryIAMGOLD has transformed into a net cash, buyback-funding, Canadian-focused growth story, shedding its legacy risks and debt burden.The Essakane mine now underpins robust free cash flow and funds growth, while Côté Gold and Nelligan drive future upside in Canada.IAG trades at roughly 0.97x NAV, with fair value estimated at $15.50–$16.00 per share, implying meaningful upside from current levels.I rate IAG a Buy, with Q2 results (August 6) and the Côté-Gosselin expansion study as near-term catalysts for re-rating.Vitoria Holdings LLC/iStock via Getty Images
For most of the last decade, the case against IAMGOLD (IAG) wrote itself. It was a gold producer whose FCF mostly depended on a single mine in West Africa. The company was carrying enough debt
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of IAG either through stock ownership, options, or other derivatives. 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.
Pražská burza poprvé v tomto týdnu oslabila, když reagovala na negativní sentiment na globálních akciových trzích. Ten se zhoršil poté, co se dále vyostřila geopolitická situace na Blízkém východě. Jemenské hnutí Húsíů zaútočilo na dva tankery v Rudém moři, což zvýšilo obavy z narušení námořní dopravy i mimo Hormuzský průliv. V reakci na tyto události vzrostla cena ropy okolo 5 %. Index PX tak nakonec odepsal 0,68 % na 2 635 bodů. V čele poklesu byla Erste Bank, která ubrala 2,94 % na 2 739 Kč. Moneta Money Bank potom před zítřejšími výsledky klesla o 0,63 % pod 189 Kč a pojišťovna VIG odepsala 0,57 % na 1 581 Kč. Zbrojovka CSG oslabila o nepatrných 0,13 % na 392 Kč a akcie Colt CZ poklesly o 1,69 % na 870 Kč. Naopak ČEZ se v závěrečné aukci vymanil z denních ztrát a posílil o 0,67 % na 1 349 Kč. Emise Doosan Škoda Power vyskočila o 3,43 % na 498 Kč.
NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today noted that on July 15, 2026 Fitch Ratings (“Fitch”) revised the rating outlook for Pagaya and its wholly owned subsidiary, Pagaya US Holding Company LLC, to Positive from Stable. Fitch also affirmed the Long-Term Issuer Default Ratings (IDRs) at 'B' and affirmed the senior unsecured debt rating at 'B'. In its press re.
The era of frictionless software scaling has violently collided with physical reality. Capital is flowing out of technology names and into the hard assets, baseload power generation, and silicon foundries required to sustain the artificial intelligence supercycle.
Securing wealth over the next decade demands a pivot toward infrastructure moats, energy security, and absolute pricing power. Investors navigating this environment might consider leaving the pure software narrative behind and embracing organizations that control the physical economy. Building a portfolio in today's world requires a fresh blueprint built for a changing macroeconomic landscape.
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Profit From the Physical Limits of ComputeThe AI trade is no longer about which application can capture the most users. The true bottleneck lies in the physical infrastructure required to keep hyperscale data centers from melting down.
Constructing a portfolio from square one means acknowledging that digital expansion is strictly bound by power grids and silicon foundries. Capitalizing on today's technological growth requires a focus on the foundational hardware and power systems that enable next-generation processing.
Breaking the Data Center MonopolyThe AI ecosystem refuses to be held hostage by a single vendor. Buying the top of a monopoly often means the easy upside is gone, but the ongoing buildout of compute power offers multiple entry points. Advanced Micro Devices NASDAQ: AMD has established itself as the leading multi-vendor data center alternative to NVIDIA NASDAQ: NVDA.
Advanced Micro Devices Today
AMD
Advanced Micro Devices
$552.29 -0.04 (-0.01%)
As of 10:31 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$149.22▼
$584.73P/E Ratio181.13
Price Target$468.65
The recent deployment of the Microsoft Azure Helios platform validates AMD's silicon as a top-tier alternative. When hyperscalers commit multi-gigawatt capacity to these specific chips, it signals a permanent shift in procurement strategy.
AMD's revenue for the first quarter of 2026 hit $10.25 billion, climbing nearly 38% year-over-year. While the forward price-to-earnings ratio sits near 89, underlying supply chain insulation supports this premium.
Taiwan Semiconductor Manufacturing Company's NYSE: TSM ongoing geographic diversification into Arizona and Europe structurally de-risks silicon delivery against cross-strait geopolitical friction. This dynamic creates an evergreen tailwind for uninterrupted compute delivery, allowing Advanced Micro Devices to scale without the threat of overseas manufacturing disruptions.
Powering the Next Generation of ComputeRunning a modern digital revolution on a power grid designed in the 1970s is impossible. As technology giants purchase hundreds of thousands of next-generation GPUs, baseload power has become the ultimate constraint.
GE Vernova Today
$1,017.49 +32.46 (+3.30%)
As of 10:31 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$530.16▼
$1,195.94Dividend Yield0.20%
P/E Ratio29.64
Price Target$1,099.12
GE Vernova NYSE: GEV operates as the pure-play industrial juggernaut solving this grid capacity crisis. Generating $5.1 billion in free cash flow, GE Vernova sits on a $176 billion remaining performance obligation backlog.
Revenue rose 22% year-over-year in the second quarter of 2026 to $11.1 billion. Gas turbine output is scaling to 20 gigawatts annually, but the true growth trajectory lies in the small modular reactor development pipeline. Hyperscalers are actively pursuing on-site nuclear generation to secure zero-carbon power and bypass grid transmission delays.
Investors seeking to capitalize on the expansion of AI may find that the companies selling power infrastructure are more lucrative investments than those that are pursuing digital applications.
Hard Assets for a Fractured WorldGeopolitical peace dividends and frictionless global supply chains are remnants of the past. Drones, border surveillance technology, and regional energy disputes now dictate the flow of international capital.
A smart investment strategy today requires acknowledging that deglobalization is permanent. Hedging a portfolio against geopolitical instability and inflationary supply shocks means taking decisive positions in U.S. energy producers and the defense contractors that absorb large federal budgets.
Profiting From ProtectionWith new tariffs reshaping North American trade and conflicts disrupting international waters, national security mandates are absorbing immense federal funding. The iShares U.S. Aerospace & Defense ETF BATS: ITA manages over $13.5 billion in assets and provides blanket exposure to the prime contractors securing these vital government contracts.
iShares U.S. Aerospace & Defense ETF Today
ITA
iShares U.S. Aerospace & Defense ETF
$239.37 +8.26 (+3.57%)
As of 10:13 AM Eastern
52-Week Range$191.19▼
$251.49Dividend Yield0.46%
Assets Under Management$13.66 billion
A critical component of this investment thesis rests on international mandates.
The requirement that NATO countries adhere to a 2% gross domestic product defense spending floor guarantees a multi-year revenue backlog for the fund's underlying components.
Because multi-year Department of War contracts lock in revenue regardless of short-term legislative budget battles, these defense sector allocations remain highly insulated from consumer-level recessions and discretionary spending contractions.
The Ultimate Upstream Energy FortressThe transition to renewable energy remains highly inflationary and plagued by grid delays. Between tropical storms shutting down Gulf of Mexico production and military conflict creating supply shocks in the Strait of Hormuz, a premium on domestic energy production is a permanent fixture of the current economic landscape. ExxonMobil NYSE: XOM offers a fortress balance sheet and upstream cash flow that serve as direct hedges against these transit disruptions.
ExxonMobil Today
$157.74 +3.29 (+2.13%)
As of 10:31 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$105.53▼
$176.41Dividend Yield2.61%
P/E Ratio26.60
Price Target$164.45
ExxonMobil generated $83.16 billion in first-quarter revenue and operates at a sub-$40-per-barrel breakeven cost in the Permian Basin. This metric proves cash flow insulation and yield safety regardless of cyclical crude volatility.
Holding a 2.7% dividend yield and trading at a trailing price-to-earnings ratio of 25, ExxonMobil provides income generation while insulating portfolios against persistent inflationary pressures. The integration of the Golden Pass liquefied natural gas export facility further optimizes upstream cash flows, solidifying ExxonMobil as a foundational hard asset holding.
Unbreakable Moats for a High-Rate MarketCapital costs money in a high-rate environment, and businesses operating without clear profitability are being aggressively repriced. Creating a resilient portfolio requires pivoting away from cash-burning enterprises and focusing strictly on durable financial moats.
Organizations that possess pricing power and irreplaceable physical logistics networks are positioned to thrive. The final pillar of a newly constructed portfolio relies on selecting stocks capable of passing input costs directly to consumers without sacrificing market share.
The Unrivaled Physical Logistics JuggernautWhile pure digital software providers face severe margin compression, Amazon NASDAQ: AMZN remains the ultimate hybrid, combining digital margin expansion with physical-world dominance.
Amazon.com Today
$234.57 -10.28 (-4.20%)
As of 10:31 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$196.00▼
$278.56P/E Ratio28.06
Price Target$312.91
Amazon Web Services revenue re-accelerated to 28% year-over-year growth, driven by substantial commitments to AI compute. However, the localized fulfillment network serves as an irreplaceable moat in a fractured global supply chain.
Amazon is projecting capital expenditures of $200 billion in 2026. This capital intensity creates a barrier to entry that competitors cannot replicate. This logistics infrastructure also provides unique antitrust insulation.
While digital advertising faces heavy regulatory scrutiny, localized fulfillment infrastructure remains virtually immune to breakups. The Amazon Business segment has reached a $60 billion annualized gross sales run rate, adding a high-margin recurring revenue channel that thrives even as smaller retailers are crushed by tariffs and shipping costs.
The Pricing Power AnchorInvestors are frequently taught to buy broad-market indexes, but these indexes are often dangerously exposed to leading technology companies.
VanEck Morningstar Wide Moat ETF Today
MOAT
VanEck Morningstar Wide Moat ETF
$104.02 -0.39 (-0.37%)
As of 10:13 AM Eastern
52-Week Range$94.07▼
$108.10Dividend Yield1.22%
Assets Under Management$11.43 billion
The VanEck Morningstar Wide Moat ETF BATS: MOAT targets companies with both sustainable competitive advantages and pricing power.
Managing over $11.5 billion in assets, the underlying methodology strictly screens out overvalued legacy weightings, providing a defensive mechanism against margin compression.
With an expense ratio of 0.47% and a solid one-year net asset value return of 12.3%, the VanEck Morningstar Wide Moat ETF captures capital flows seeking shelter from sticky inflation.
It anchors a portfolio to businesses that can absorb macroeconomic headwinds. In an environment where unprofitable software growth is punished, this strategic allocation is a core element for wealth preservation and steady growth.
Anchoring Wealth in a Tangible FutureThe mechanics of investing have shifted from the digital world back to the physical. The market is actively rewarding tangible profitability, energy security, and absolute pricing power. As technology forces the modernization of the electrical grid and deglobalization rewires supply chains, the companies controlling hard assets have the greatest leverage.
Investors evaluating their current positioning might consider reviewing their exposure to speculative technology names and reallocating capital toward the foundational infrastructure that runs the modern economy.
Should You Invest $1,000 in VanEck Morningstar Wide Moat ETF Right Now?Before you consider VanEck Morningstar Wide Moat 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 VanEck Morningstar Wide Moat ETF wasn't on the list.
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Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
D-Wave Quantum Inc. (NYSE: QBTS) (âD-Waveâ or the âCompanyâ), the only dual-platform quantum computing company providing both annealing and gate-model s
Hut 8 Corp. is upgraded to buy as contracted AI infrastructure capacity reaches ~949 MW, with ~$1.75 billion expected annual NOI under long-term leases. Securing ~$7.5 billion in non-recourse, project-level debt significantly de-risks financing and shields the parent balance sheet from project-specific liabilities. HUT's valuation now reflects successful execution of current capacity; future rerating hinges on energization milestones and additional lease signings.
Unlimited Images and Unlimited Plus combine curated collections within Shutterstock's world-class content library with AI-powered creative capabilities
, /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced the global availability of its Unlimited downloads subscription. Previously only available in beta to select users, customers worldwide can now choose between two subscription plans: Unlimited Images, which includes a curated collection of more than 83 million premium images, and Unlimited Plus, which expands that collection to more than 100 million premium creative assets, including video, music and sound effects. Both plans combine curated Shutterstock content with AI-powered creative capabilities.
Shutterstock's Unlimited downloads subscription is now available globally, giving customers access to Unlimited Images and Unlimited Plus, which combine curated premium content collections with AI-powered creative capabilities. As marketers, designers and content creators increasingly blend licensed creative assets with generative AI in their everyday workflows, having an always-on source of high-quality creative content as a starting point helps teams move from concept to creation more efficiently. Unlimited gives customers the flexibility to move from inspiration to licensed content to AI-assisted creation without switching between multiple tools or managing monthly download limits. The result is a more seamless creative experience that makes it easier to explore ideas, iterate more freely and produce high-quality work while keeping human creativity at the center of the creative process.
"Today's creators need more than access to content. They need the flexibility to experiment, iterate and produce work at the speed modern marketing demands," said Paul Teall, Vice President, Marketplace Strategy at Shutterstock. "Unlimited brings together trusted premium creative content and AI-powered tools in a way that helps customers bring ideas to life faster while maintaining the quality, trust and creative control they expect from Shutterstock."
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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Shutterstock, Inc. ("Shutterstock" or the "Company") (NYSE: SSTK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Shutterstock and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 13, 2026, Shutterstock issued a press release "announc[ing] that Paul Hennessy has stepped down as the Company's Chief Executive Officer and as a member of the Board of Directors, effective immediately."
On this news, Shutterstock's stock price fell $0.24 per share, or 2.83%, to close at $8.25 per share on July 13, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Tractor Supply (TSCO - Free Report) came out with quarterly earnings of $0.81 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -2.41%. A quarter ago, it was expected that this retailer for farmers and ranchers would post earnings of $0.35 per share when it actually produced earnings of $0.31, delivering a surprise of -11.43%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Tractor Supply, which belongs to the Zacks Retail - Miscellaneous industry, posted revenues of $4.54 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.64%. This compares to year-ago revenues of $4.44 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Tractor Supply shares have lost about 41.3% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Tractor Supply?While Tractor Supply has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Tractor Supply was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.49 on $3.86 billion in revenues for the coming quarter and $2.08 on $16.16 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Miscellaneous is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Arhaus, Inc. (ARHS - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of -36%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Arhaus, Inc.'s revenues are expected to be $366.37 million, up 2.2% from the year-ago quarter.
Cava Group (CAVA - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this Mediterranean restaurant chain have returned -24.2% over the past month versus the Zacks S&P 500 composite's +0.4% change. The Zacks Retail - Restaurants industry, to which Cava belongs, has gained 0.3% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
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.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Cava is expected to post earnings of $0.17 per share for the current quarter, representing a year-over-year change of +6.3%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $0.54 points to no change from the prior year. Over the last 30 days, this estimate has changed -0.4%.
For the next fiscal year, the consensus earnings estimate of $0.71 indicates a change of +31.1% from what Cava is expected to report a year ago. Over the past month, the estimate has remained unchanged.
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, Cava 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 ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Cava, the consensus sales estimate for the current quarter of $353.13 million indicates a year-over-year change of +25.8%. For the current and next fiscal years, $1.49 billion and $1.78 billion estimates indicate +26.2% and +19.7% changes, respectively.
Last Reported Results and Surprise HistoryCava reported revenues of $438.27 million in the last reported quarter, representing a year-over-year change of +32.1%. EPS of $0.2 for the same period compares with $0.22 a year ago.
Compared to the Zacks Consensus Estimate of $419.46 million, the reported revenues represent a surprise of +4.49%. The EPS surprise was +17.65%.
Over the last four quarters, Cava surpassed consensus EPS estimates three times. 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.
Cava is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Cava. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Americký zbrojní koncern Lockheed Martin zveřejnil výsledky hospodaření za druhé čtvrtletí roku 2026. Čisté tržby meziročně vzrostly o 11 % a překonaly odhady analytiků, backlog dosáhl rekordních 230 mld. USD. Společnost zároveň zvýšila celoroční výhled čistých tržeb i zisku na akcii na rozpětí nad průměrným analytickým odhadem.
Výsledky společnosti Lockheed Martin (LMT) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Čisté tržby (mld. USD) 20,06 19,33 18,16 Čistý zisk (mld. USD) 1,84 -- 0,34 Zisk na akcii (EPS, USD/akcie) 7,94 7,13 1,46 Výsledky za 2Q Čisté tržby meziročně vzrostly o 11 % na 20,06 mld. USD a překonaly konsensus ve výši 19,33 mld. USD. Růst byl tažen všemi čtyřmi segmenty, zejména náběhem výroby munice.
Čisté tržby Lockheed Martin ve 2Q 2026 dle segmentů
(mld. USD) Segment Čisté tržby Konsenzus Meziroční změna Aeronautics
(bojové letouny, zejména F-35) 8,11 7,60 +9,3 % Rotary and Mission Systems
(vrtulníky Sikorsky a bojové systémy) 4,35 4,25 +9 % Missiles and Fire Control
(rakety a systémy protivzdušné obrany) 4,10 4,02 +19 % Space
(vesmírné a strategické raketové systémy) 3,50 3,44 +5,7 % Provozní zisk dosáhl 2,48 mld. USD oproti 748 mil. USD před rokem a překonal odhad 2,33 mld. USD. Výrazný meziroční nárůst je z velké části dán nízkou srovnávací základnou – výsledek za druhé čtvrtletí 2025 zatížily ztráty z přecenění programů (tzv. reach-forward losses) v celkové výši 1,6 mld. USD, konkrétně na utajovaném programu v segmentu Aeronautics a na kanadském (CMHP) a tureckém (TUHP) vrtulníkovém programu v segmentu Rotary and Mission Systems.
Provozní hotovostní tok dosáhl 3,24 mld. USD oproti 201 mil. USD před rokem a výrazně překonal odhad 1,49 mld. USD, a to především díky načasování plateb od zákazníků a nižším daňovým odvodům. Volný hotovostní tok činil 2,92 mld. USD oproti záporným 150 mil. USD před rokem (odhad: 1,41 mld. USD).
Objem nevyřízených zakázek (backlog) meziročně vzrostl o 38 % na rekordních 230,42 mld. USD. Do backlogu se promítl mimo jiné víceletý kontrakt s americkou Agenturou protiraketové obrany na výrobu interceptorů THAAD v hodnotě 35 mld. USD. Za čtvrtletí firma získala nové zakázky za 65 mld. USD.
Výhled na rok 2026 Firma zvýšila výhled pro celý rok 2026 a nyní predikuje:
Čisté tržby 79,75–81,75 mld. USD (dříve: 77,50–80,00 mld. USD; konsensus: 79,13 mld. USD). Zisk na akcii 29,95–30,65 USD (dříve: 29,35–30,25 USD; konsensus: 29,88 USD). Provozní zisk byznysových segmentů 8,50–8,70 mld. USD (dříve: 8,43–8,68 mld. USD). Provozní hotovostní tok 9,20–9,40 mld. USD (dříve: 9,15–9,45 mld. USD; konsensus: 8,87 mld. USD). Volný hotovostní tok 7,00–7,20 mld. USD (dříve: 6,50–6,80 mld. USD; konsensus: 6,64 mld. USD). Kapitálové výdaje 2,00–2,40 mld. USD (dříve: 2,50–2,80 mld. USD; odhad: 2,65 mld. USD). Komentář vedení „Dosáhli jsme silné výkonnosti ve druhém čtvrtletí s čistými tržbami přes 20 mld. USD – meziročním růstem o 11 % – volným hotovostním tokem 2,9 mld. USD a novými zakázkami za 65 mld. USD, které posunuly náš backlog na rekordních 230 mld. USD. Tato pokračující výkonnost odráží víc než jen rostoucí poptávku zákazníků – je důkazem, že naše strategie 21st Century Security a její důraz na integraci, partnerství a provozní excelenci funguje. Dodáváme výsledky v souladu s naší strategií, dosahujeme vyšší trajektorie našeho byznysu a to nám dává důvěru zvýšit celoroční finanční výhled,“ uvedl předseda představenstva a generální ředitel Lockheed Martin Jim Taiclet.
Taiclet dále zmínil podpis víceletého kontraktu na systém THAAD v hodnotě 35 mld. USD, vývoj protidronového systému Sanctum, který se od konceptu k úspěšným ostrým testům dostal za 45 dní, a strategické investice do globálních výrobních kapacit, včetně spolupráce s General Motors Defense v USA a dohody s Rheinmetall o společné výrobě střel ATACMS v Evropě.
Komentáře analytiků Analytik Seth Seifman z JPMorgan (doporučení Neutral) uvedl, že výsledky za druhé čtvrtletí mohou vyvolat pozitivní reakci akcií díky překonání odhadů, zvýšenému výhledu a převážně čisté exekuci.
Analytik Ken Herbert z RBC Capital Markets (Sector Perform) poznamenal, že růst táhl především segment Missiles and Fire Control s meziročním nárůstem o 19 %, primárně díky náběhu výroby systémů PAC-3, THAAD a PrSM. Střed rozpětí nového výhledu tržeb podle něj implikuje zhruba 10% meziroční růst ve druhé polovině roku, přičemž čtvrtému kvartálu pomůže i jeden reportovací týden navíc.
Analytik Gautam Khanna z TD Cowen (Hold) uvedl, že akcie by měly na čistý report a silné objednávky reagovat pozitivně, přičemž očekávání před zveřejněním výsledků byla podle něj nízká.
Akcie Lockheed Martin
Akcie Lockheed Martin Corp (LMT) rostou o 11,2 % na 572 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 131,9 P/E 26,4 Vývoj za letošní rok (%) +18,3 Očekávané P/E 19,2 52týdenní minimum (USD) 411,0 Prům. cílová cena (USD) 613,6 52týdenní maximum (USD) 692,0 Dividendový výnos (%) 2,4 Zdroj: Lockheed Martin, Bloomberg
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 BMNR 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.
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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Solstice Advanced Materials, Inc. ("Solstice" or the "Company") (NASDAQ: SOLS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Solstice and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 6, 2026, Solstice issued a press release announcing an agreement to acquire Element Solutions ("Element") "in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt." Although Solstice's Chief Executive Officer described the "combined company [as] very well-positioned to benefit from generational tailwinds in high-growth end markets" and touting Element's purportedly "highly complementary capabilities, deep customer relationships and a technical service-led model", Solstice's stock price fell sharply as the market reacted to news of the Element acquisition, closing at $68.05 per share on July 6, 2026 – representing a decline of $12.14 per share, or 15.14%, from the Company's July 2, 2026 closing price.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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Dime Community (DCOM - Free Report) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.95%. A quarter ago, it was expected that this bank holding company would post earnings of $0.77 per share when it actually produced earnings of $0.74, delivering a surprise of -3.9%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Dime Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $126.45 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.64%. This compares to year-ago revenues of $109.69 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Dime Community shares have added about 31.1% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Dime Community?While Dime Community has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Dime Community was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.90 on $131.03 million in revenues for the coming quarter and $3.37 on $513.88 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Renasant (RNST - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 28.
This holding company for Renasant Bank is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of +31.9%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.
Renasant's revenues are expected to be $275.6 million, up 3.2% from the year-ago quarter.
Time To Buy Regional Banks? Insider Buying Says YesDime Community Bancshares NASDAQ: DCOM reported record second-quarter revenue and said it expects to resume share repurchases in the third quarter, as management pointed to continued net interest margin expansion, growth in business lending and a lower commercial real estate concentration.
President and CEO Stuart Lubow said revenue for the quarter was $126 million, a record for the company, while core earnings per share rose 23% from the prior year. Lubow said net interest margin increased seven basis points from the prior quarter as the bank lowered deposit costs and improved loan yields.
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“Dime has differentiated our franchise from our local competitors as it relates to our organic growth trajectory, our ability to attract talented bankers, the quality of our deposit base, the progress we made in diversifying our balance sheet, and our improving NIM and profitability,” Lubow said.
Margin Expansion and Earnings Power COO and CFO Avi Reddy said core EPS for the quarter was $0.79 per share. Core pre-tax, pre-provision net revenue was $64 million, equal to 173 basis points of average assets. Reported net interest margin rose to 3.28%, and Reddy said that excluding day-count effects, purchase accounting and prepayment fees, the run-rate margin would have been closer to 3.22%, compared with 3.14% in the prior quarter.
Reddy said the bank has now posted nine consecutive quarters of net interest margin expansion. He said management expects modest margin expansion in the third quarter, with more pronounced improvement in the fourth quarter and in 2027.
A key driver is expected to be loan repricing. Reddy said approximately $2.5 billion of adjustable and fixed-rate loans, with a weighted average rate of 4.25%, will either reprice or mature over the next 18 months. He said the company expects the margin to exceed 3.50% by the fourth quarter of 2027, assuming the consensus forward curve plays out and competition remains rational.
Business Loan Growth Remains a Focus Lubow said Dime continued to execute on its plan to grow business loans, with year-over-year growth of about $743 million, or 26%. He said the loan pipeline was approximately $1.4 billion, with a weighted average rate of about 6.25%.
Chief Commercial Officer Tom Geisel said business loans increased by $125 million in the first quarter and $275 million in the second quarter. He said recently hired teams are beginning to build momentum, and that an equipment finance team and franchise vertical added earlier have not yet meaningfully contributed.
Geisel said management believes the bank can grow business loans by $200 million to $250 million per quarter. He described the overall loan outlook for the second half as “low to mid-single digit growth” as the bank balances growth in business lending, relationship investor commercial real estate and a planned reduction in multifamily exposure.
Credit Trends and CRE Exposure Reddy said the loan loss provision was approximately $14 million, primarily reflecting charge-offs on investor commercial real estate loans, specific reserves on the multifamily portfolio and growth in the business loan portfolio. The allowance to loans increased to 98 basis points, within the 90-basis-point to 1% range management previously discussed.
Criticized loans were relatively flat, and nonperforming assets declined 28% from the prior quarter, Reddy said. In response to an analyst question about multifamily nonperforming loans, he said the bank had roughly $26 million to $27 million of loans near the 90-day past-due bucket at quarter-end and took a $6 million specific provision on those loans.
Reddy said the multifamily portfolio totaled $3.1 billion, including about $1 billion of majority rent-regulated or fully rent-regulated loans. He said the pre-2019 portion of the rent-regulated portfolio, which management is monitoring because it was originated before New York City rule changes, has declined to about $300 million from roughly $400 million a year earlier.
The bank’s commercial real estate ratio declined to about 350% at quarter-end. Reddy said operating at or below that level should distinguish Dime from local banks that he said are operating between 375% and 450%.
Deposits, Expenses and Capital Management said the bank’s deposit base remains a strength. Lubow said more than 70% of deposits come from commercial and municipal customers. During the Q&A, Geisel said non-interest-bearing deposits represented more than 31% of deposits, while the cost of funds was about 1.64%. Reddy said spot deposit costs at quarter-end were similar to average costs, around 1.67% to 1.68%.
Reddy said core cash operating expenses, excluding intangible amortization, were approximately $64 million in the quarter, in line with expectations. The core efficiency ratio fell below 50%, which Lubow said reflected the payoff from investments in hiring. Lubow said the bank has added more than 15 deposit teams in private banking, six lending verticals and three branch locations over a short period.
For the remainder of 2026, Reddy said the bank expects core cash operating expenses, excluding intangible amortization, of $130 million to $131 million, and a tax rate of about 28.5%.
Reddy said the tangible equity ratio crossed 9%, the common equity Tier 1 ratio increased to 12%, and the total capital ratio was 16.3%. He said the bank expects to resume share repurchases in the third quarter and plans to operate with a CET1 ratio between 11.25% and 11.5% in the near to medium term, allowing room for both organic growth and buybacks.
Lubow also highlighted the company’s rebrand, saying Dime completed its transition to Dime Commercial Bank in June. He said the new brand reflects a decade-long shift away from a legacy multifamily thrift model toward a more commercial banking-oriented institution.
About Dime Community Bancshares (NASDAQ:DCOM)Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.
The company's core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
, /PRNewswire/ -- Zeta Network Group ("Zeta" or the "Company") (Nasdaq: ZNB), today announced that the Company's board of directors approved on July 1, 2026, that the authorised, issued, and outstanding shares of the Company be consolidated on an 8 for 1 ratio with the marketplace effective date of July 27, 2026.
The objective of the share consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq.
Beginning with the opening of trading on July 27, 2026, the Company's Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol "ZNB" but under a new CUSIP number, G2287A159.
As a result of the share consolidation, each 8 Class A ordinary shares outstanding will automatically combine and convert to one issued and outstanding Class A ordinary share without any action on the part of the shareholders. No fractional shares will be issued to any shareholders in connection with the share consolidation, and each shareholder will be entitled to receive one share of the Company in lieu of the fractional share of that class that would have resulted from the share consolidation.
At the time the share consolidation is effective, the Company's authorized share capital is changed from USD$32,000,000.00 divided into 11,200,000,000 granted Class A Ordinary shares with a nominal or par value of USD$0.0025 and 1,600,000,000 Class B Ordinary shares with a nominal or par value of USD$0.0025 each, to USD$32,000,000.00 divided into 1,400,000,000 Class A Ordinary shares with a nominal or par value of USD$0.02 each and 200,000,000 Class B Ordinary shares with a nominal or par value of USD$0.02 each. The Company's total issued and outstanding Class A ordinary shares will be changed from 7,758,868 Class A ordinary shares with a par value of US$0.0025 per share to approximately 969,859 Class A ordinary shares with a par value of US$0.02 per share. The Company's total issued and outstanding Class B ordinary shares will be changed from 5 Class B ordinary shares with a par value of US$0.0025 per share to 1 Class B ordinary shares with a par value of US$0.02 per share.
About Zeta Network Group (Nasdaq: ZNB)
Zeta Network Group (Nasdaq: ZNB) is a U.S.-listed digital infrastructure and financial technology company pioneering the convergence of traditional finance and the digital asset economy. The Company is developing a Bitcoin-centric institutional finance platform that integrates digital asset treasury management, Bitcoin liquidity aggregation, and sustainable Bitcoin mining operations, all within a regulated Nasdaq framework.
Led by a global team of finance and technology experts, Zeta is redefining institutional digital finance by merging the governance and transparency of a public company with the innovation and scalability of blockchain to create a trusted bridge between capital markets and decentralized finance.
For more information, visit ir.thezetanetwork.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements include, among other things, statements regarding anticipated financial performance, strategy, and the potential impact of the transaction described herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Zeta Network Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Futu Holdings Ltd. ("Futu" or the "Company") (NASDAQ: FUTU). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Futu and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until August 25, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Futu securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On May 22, 2026, Reuters published an article entitled "China to crack down on 'illegal' cross-border securities." The article reported that China "would punish brokers it accused of illegally moving money to foreign markets[.]" The article further reported that online brokers, including Futu, "would be penalised for soliciting business in China without an onshore licence[.]"
On this news, the price of Futu American Depositary Shares ("ADSs") fell $34.10 per ADS, or 27.5%, to close at $89.76 per ADS on May 22, 2026.
Then, on May 28, 2026, Futu issued a press release reporting its financial results for the first quarter 2026, including net income of HK$831.0 million (US$106.0million) after giving effect to the proposed penalties comprised of: "(i) confiscation of illegal gains of approximately RMB470 million [approximately $69.21 million USD], and (ii) imposition of fines of approximately RMB1.38 billion, [approximately $20 billion USD] in an aggregate amount of approximately RMB1.85 billion." The press release reported this adjustment under the Company's financial statements as "Others, net" in its statements of comprehensive income for the applicable period.
On this news, Futu's ADS price fell $5.31 per ADS, or 4.8%, to close at $104.91 per ADS on May 28, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Deadline Alert: August 25, 2026 Is the Last Day to Seek Lead Plaintiff Appointment in the Futu Holdings Securities Class Action Alleging RMB 1.85 Billion in Concealed Regulatory Penalties
, /PRNewswire/ -- IMPORTANT DATE: August 25, 2026. Investors who purchased Futu Holdings Limited (NASDAQ: FUTU) securities between May 24, 2023 and May 27, 2026 and wish to seek appointment as lead plaintiff must file a motion by this date. Submit your information now or contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.
FUTU shares lost $34.10 per share on May 22, 2026, a 27.5% single-day decline, after the CSRC proposed penalties totaling approximately RMB 1.85 billion (USD 271 million) for allegedly operating unlicensed cross-border securities businesses in mainland China. The lead plaintiff deadline is August 25, 2026.
What Is a Lead Plaintiff?
Under the Private Securities Litigation Reform Act of 1995 ("PSLRA"), the court appoints a lead plaintiff to represent the interests of all class members in a securities class action. In the Futu Holdings case, lead plaintiff applicants must demonstrate losses from purchases of FUTU securities between May 24, 2023 and May 27, 2026. The court generally selects the applicant with the largest financial interest in the relief sought who is otherwise typical and adequate.
Lead Plaintiff Facts
Lead plaintiffs are not required to pay any fees or costs upfront; securities class actions are prosecuted on a contingency basis The lead plaintiff selects and retains counsel to represent the class, subject to court approval You do not need to be the investor with the single largest loss; courts consider the overall financial interest across all transactions during the class period Serving as lead plaintiff does not require court appearances or depositions in most cases Institutional investors, including pension funds and asset managers, frequently serve as lead plaintiffs in PSLRA actions If multiple motions are filed, the court consolidates them and evaluates competing applicants based on statutory criteria Absent Class Member Rights
Investors who do not seek lead plaintiff appointment by August 25, 2026 are not excluded from the case. Absent class members retain the right to participate in any recovery obtained on behalf of the class without taking any action before the deadline. The deadline applies only to those who wish to serve in the lead plaintiff role and direct the litigation.
About the Futu Holdings Class Action
A securities class action has been filed alleging that Futu Holdings and certain officers made materially false and misleading statements during the class period. The action contends that the Company conducted cross-border securities, public fund sales, and futures business in mainland China without requisite CSRC licenses, exposing investors to undisclosed regulatory risk that materialized in May 2026 as a proposed RMB 1.85 billion penalty.
"The lead plaintiff process is designed to ensure the class is represented by shareholders with substantial interests. Investors with losses in Futu Holdings should understand that the August 25 deadline applies specifically to those seeking to direct the course of this litigation on behalf of all affected shareholders." -- Joseph E. Levi, Esq.
Find out if you might qualify to recover losses or call Joseph E. Levi, Esq. at (888) SueWallSt.
WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the FUTU Lawsuit
Q: What is the FUTU lead plaintiff deadline? A: The deadline to apply for lead plaintiff appointment is August 25, 2026. This deadline applies only to investors seeking to serve as lead plaintiff. Class members who do not apply may still participate in any recovery without taking action before this date.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: How do I know if I lost enough money to be the lead plaintiff? A: There is no minimum loss threshold. Courts appoint the investor with the largest provable loss who is willing and able to represent the class adequately. Contact Levi & Korsinsky before August 25, 2026 to evaluate.
Q: What documents do I need to make a claim? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I missed the lead plaintiff deadline? A: The deadline applies only to investors seeking lead plaintiff appointment. Class members who miss it can still participate in any settlement or recovery.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.
Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.
Q: What court was the FUTU class action filed in? A: The case was filed in the United States District Court for the Southern District of New York, governed by the Private Securities Litigation Reform Act of 1995.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (888) SueWallSt
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
Abbotsford, BC – July 23, 2026 - TheNewswire – Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX-V:GSI) (OTC:GKPRF), a leader in video and data solutions for school buses, public transit and smart cities, announces the Company has received a purchase order for school bus video from Blue Bird Corporation, the leader in electric and low-emission school buses.
Under the purchase order, a fleet of school buses will be factory-equipped with Mobile Data Collectors and interior video systems. The Company has been informed that the school buses are being manufactured for a student transportation provider who is providing services to a school district in Connecticut with delivery expected to be in the spring of 2027. The purchase order is valued at approximately US$831,000 (C$1,170,000) and Gatekeeper expects the student transportation provider to subscribe to the Company’s video management software offering following delivery of the buses.
About Blue Bird Corporation
Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. School buses carry the most precious cargo in the world – 25 million children twice a day – making them the most trusted mode of student transportation. The company is the proven leader in low- and zero-emission school buses with more than 25,000 propane, natural gas, and electric powered buses sold. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird’s complete product and service portfolio, visit www.blue-bird.com.
About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of video and data solutions for a safer transportation environment for children, passengers, and drivers on public transportation fleets. Gatekeeper has provided solutions to more than 60 transit agencies and 3,500 school districts throughout North America and has installed more than 65,000 Mobile Data Collectors for customers which record video and data daily from over 200,000 onboard devices. The Company’s hosted software applications facilitate AI-assisted video analytics for incident management and storage. The Company’s Platform-as-a-Service (PaaS) business model is centered around the Mobile Data Collectors, which are the cornerstone of its data company transformation. www.gatekeeper-systems.com
Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to, currency values and foreign exchange rate fluctuations between the Canadian dollar and U.S. dollar. As a result, we cannot guarantee that any forward-looking statement will materialize, and readers are cautioned not to place undue reliance on these forward-looking statements. For more exhaustive information on these risks and uncertainties, the reader should refer to the risk factors described in the management's discussion and analysis for the period ended May 31, 2026. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements. Forward-looking statements are presented for the purpose of providing information about management's current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.
Neither 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.
SummaryRELX (RELX) is now rated a 'BUY' at $33.8/share, reflecting attractive risk/reward after a significant valuation correction.Concerns over AI-driven commoditization are overstated; RELX's proprietary, curated data offers irreplaceable value versus open-source AI models.RELX delivers stable growth, a well-covered 2%+ dividend, and strong business quality, meeting 4 out of 5 key investment criteria.Buying RELX at 18–20x P/E and trimming above 25–26x P/E is a disciplined approach to capturing upside while managing valuation risk.Looking for more investing ideas like this one? Get them exclusively at Wolf of Value. Learn More » Willie B. Thomas/DigitalVision via Getty Images
It's all about what you pay for what you get. Few companies encapsulate this better than many of the now-undervalued information services and IT services companies. These companies, including many A-rated businesses, were overvalued for periods of
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of RELX, WTKWY, TLPFY either through stock ownership, options, or other derivatives. 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.
While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advice. It may be structured as such, but it is not financial advice. Investors are required and expected to do their own due diligence and research prior to any investment. Short-term trading, options trading/investment and futures trading are potentially extremely risky investment styles. They generally are not appropriate for someone with limited capital, limited investment experience, or a lack of understanding for the necessary risk tolerance involved. I own the European/Scandinavian tickers (not the ADRs) of all European/Scandinavian companies listed in my articles. I own the Canadian tickers of all Canadian stocks I write about. Please note that investing in European/Non-US stocks comes with withholding tax risks specific to the company's domicile as well as your personal situation. Investors should always consult a tax professional as to the overall impact of dividend withholding taxes and ways to mitigate these.
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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Cerebras Systems Inc. ("Cerebras" or the "Company")
(NASDAQ: CBRS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Cerebras and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On or around May 14, 2026, Cerebras completed its initial public offering ("IPO"), selling 30 million shares of Class A common stock priced at $185.00 per share. Then, on June 24, 2026, Cerebras reported its financial results for the first quarter of 2026. Among other items, Cerebras reported a loss of $0.22 per share, missing analyst estimates of a $0.16-per-share loss. In addition, Cerebras forecast a narrower gross margin in its core business, excluding impact from customer warrants and data center pass-through revenues.
On this news, Cerebras's stock price fell $44.46 per share, or 19.61%, to close at $182.26 per share on June 24, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
The SpaceX logo in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
NEW YORK, July 23 (Reuters) - Short sellers targeting SpaceX (SPCX.O), opens new tab shares are sitting on an estimated $15.5 billion in paper profit since the rockets-to-AI firm's mid-June initial public offering, as its stock slipped below the IPO price, according to data through Tuesday from analytics firm Ortex Technologies.
Short sellers aim to sell borrowed shares to buy them back at a profit.
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Reporting by Saqib Iqbal Ahmed, Editing by Louise Heavens
Our Standards: The Thomson Reuters Trust Principles., opens new tab
After its initial strong rally that took the equity to its all-time high of $225.64, SpaceX (NASDAQ: SPCX) stock entered a downturn that saw it crash below the initial public offering (IPO) price of $135 and to $115.26 at the latest close.
SpaceX stock price chart. Source: Google Overall, SPCX shares’ performance ensured that the company lost $250 billion from its IPO valuation, with the rising downward momentum apparently threatening a fall below $100.
Notably, the move appears in line with an assessment published by Morningstar shortly before SpaceX stock trading started and which foresaw the equity’s fair value at approximately $70.
How SpaceX stock compares to other trillion-dollar companies Additionally, the recent downturn appears consistent with the warning issued by multiple analysts and commentators that noted the severe discrepancy between the $1.77 trillion IPO market capitalization – comparable to Broadcom (NASDAQ: AVGO) and Saudi Aramco – and the firm’s revenue and losses in the first quarter (Q1) of 2026.
Specifically, the semiconductor company reported revenue of over $19 billion in Q1, while SpaceX was below $5 billion.
Similarly, the international oil giant’s net income for the three months stood above $33 billion, while Elon Musk’s newer public company recorded an operating loss of nearly $2 billion.
What is next for SpaceX stock price? Looking ahead, there appears to be relatively little to stop SPCX stock’s crash in the short-term.
Specifically, the equity’s float remains exceptionally low relative to a standard IPO, all insiders remain barred from selling, and the July 7 inclusion into the Nasdaq-100 benchmark index seemingly failed to generate significant buying pressure.
The final point might be a particularly strong signal that shares of SPCX are indeed headed below $100, considering the fast-track addition was widely expected to lead to widespread automatic purchasing by index funds.
Overall, Palantir (NASDAQ: PLTR) stock serves as a strong example of an equity’s trajectory after joining a benchmark, as it soared roughly 30% in its first month within the S&P500 and about 400% in its first year.
Still, one possible opportunity for a reversal could come with the August 4 earnings report, provided it beats analyst forecasts sufficiently – a plausible outcome given the company’s recent business transformation and compute agreements with Google (NASDAQ: GOOGL) and Anthropic.
Simultaneously, investors should be wary of the filing as, despite the $1.25 billion monthly deal with the world’s other most recognizable artificial intelligence company, revenue will be constrained by a discount for the initial quarter disclosed at the same time as the partnership.
SpaceX stock long-term price analysis Looking further into the future, the performance of SpaceX stock does not become easier to forecast. On the one hand, the balance between revenue, profitability, and valuation remains a major concern and appears to largely back Morningstar’s comparatively bearish forecast.
On the other hand, much of SPCX’s initial share price and market capitalization was backed by projections for future revenue, which, in some estimates, amount to more than $1 trillion by 2030 – for more than a two-hundredfold increase from Q1, 2026 – and an overall total addressable market greater than $20 trillion disclosed in the S-1.
Wall Street certainly appears convinced in the growth story, given that SpaceX equity retains an overall ‘Strong Buy’ rating and an average 12-month price target of $243.81 for a 111.53% rally from the latest close.
Wall Street sets SpaceX stock price for the next 12 months. Source: TipRanks Furthermore, the strength of the bullish consensus is further demonstrated by the fact that, despite the severe correction, SPCX shares boast 23 positive, 5 ‘Neutral,’ and only a single ‘Sell’ recommendation on the stock analysis platform TipRanks, per the data Finbold retrieved on July 23.
Item 1 of 2 The silhouette of Elon Musk and SpaceX logo are seen in this illustration created on June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo
[1/2]The silhouette of Elon Musk and SpaceX logo are seen in this illustration created on June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesSpaceX shares fell to a record low of $115.26 on WednesdayAbout 360 million SPCX shares, or 56% of free float, were out on loan, Ortex data showedShort sellers showed little sign of pulling back on bearish betsNEW YORK, July 23 (Reuters) - Short sellers targeting SpaceX (SPCX.O), opens new tab shares are sitting on an estimated $15.5 billion in paper profit since the rockets-to-AI firm's mid-June initial public offering, as its stock slipped below the IPO price, according to data through Tuesday from analytics firm Ortex Technologies.
Short sellers, who borrow shares to sell them and later buy them back at a lower price for a profit, have pressed their bearish bets on SpaceX as the company's shares slipped below its IPO price of $135 from a post-IPO high of $225.64.
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SpaceX shares have been volatile, experiencing brief bouts of strength before slipping further. On Wednesday, the stock dropped to a new low of $115.26.
"There is no sign of short sellers taking profits on SpaceX," Ortex co-founder Peter Hillerberg said.
"If anything they are leaning in harder," Hillerberg said.
About 360 million SpaceX shares, about 56% of the free float, were out on loan, Ortex data through Tuesday showed.
SpaceX did not immediately respond to a request for comment.
"The survival probability of firms who maintain a significant short position in SpaceX over time is very low," SpaceX CEO Elon Musk wrote in a post on X on Friday.
SpaceX's lofty valuation makes it a target for short sellers skeptical of its rich price tag, but strong retail and institutional interest as well as Musk's history of public battles against short sellers make bearish bets against the company a risky proposition.
The weakness in SpaceX shares reflects in part investor concern over debt-funded AI spending. Tesla, another Musk company, reported negative free cash flow in the second quarter for the first time in more than two years as the EV maker accelerated spending on AI infrastructure, battery capacity, robotaxis and next-generation manufacturing.
Reporting by Saqib Iqbal Ahmed, Editing by Louise Heavens
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Shares of Elon Musk’s space empire, Space Exploration Technologies (NASDAQ:SPCX | SPCX Price Prediction), have been in free fall in recent weeks, recently falling to $115 and change, close to $20 off the IPO price. Of course, most new investors who couldn’t participate in the IPO had to pay closer to $160 per share on the first day of public trade. Either way, it didn’t take long for investors to grow fearful shortly after the euphoric initial rise that helped Elon Musk temporarily become the world’s first trillionaire.
The hype has died down; the shorts have arrived, the float is rising, and there’s growing concern about the firm’s unprofitability. As I noted in prior pieces, AI-related CapEx, which has been worrisome for hyperscalers, would soon rattle SpaceX shareholders. Of course, advancing the Starship program doesn’t come cheap, either.
Heavy spend is never fun, but it’s very much necessary While it seems like an uneasy time to be in SpaceX amid heavy spending as it builds data centers on Earth and in orbit, I do think that the pieces will gradually fall into place.
Like it or not, SpaceX is moving at a ridiculous pace, and investors might not yet be prepared for the rise in spend that accompanies it. And while it’s necessary to get that chokehold on cloud infrastructure beyond the clouds, it takes mouth-watering sums of investment to build the rails that take us to new frontiers.
The big question is whether the big payoff is shortly after the final track is nailed down or if it’ll flow in steadily over a more extended period of time. That’s the main question mark that makes it so hard to value SpaceX. It did take quite a while for sell-side analysts to do their homework and come up with a recommendation and price target.
With SpaceX reportedly in talks with the Pentagon to supply data center capacity (on the ground), it certainly feels like SpaceX has a huge advantage when it comes to terrestrial compute and a big, satisfied customer in place once orbital compute eventually comes online.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SpaceX didn't make the cut. Grab the names FREE today.
Once Starship gets going, the sky is the limit In my view, SpaceX is locking in that chokehold on extraterrestrial compute. It has the transport monopoly in Starship to get assets out there (it’s like the railway to space, so to speak). And while the latest launch delay is a red flag for some, I viewed it as nothing more than a shakeout of some of the stock’s more weak-handed holders.
Starship needs to do that heavy lifting, and there’s not much room for failure. If the reusable rocket doesn’t go well, so much for the ambitious space endeavors. With such a valuable payload (GPUs, solar panels, and all the sort), any slight fumble could have disastrous consequences for the stock, which still looks expensive despite shedding nearly half of its value from the peak hit in June.
As Starship starts hauling, the real chokehold, I think, lies in the design of SpaceX’s orbital data center. If it stays cool and powered, the proof of concept will be in the books, and SpaceX will be ready to scale, likely faster than hyperscalers, including those with space ambitions, know how to react.
Indeed, SpaceX has moved at light speed with terrestrial data centers (think Colossus). And there’s no reason to think the firm can’t do the same with orbital data centers once it shows off a concept that actually works. If all goes according to plan, perhaps SpaceX will have monetized Starmind before its rivals get anything off the ground without its help.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SpaceX didn't make the cut. Grab the names FREE today.
Space Exploration Technologies (SPCX -1.08%) had to abort its 13th Starship test flight after some of its engines failed to ignite. Starship is SpaceX's fully reusable super-heavy-lift vehicle, and once it's ready to operate commercially, it could significantly reduce the cost of putting payloads into space, such as Starlink satellites or orbital data center satellites. Getting it off the ground (pun intended) will be key to the company achieving revenue growth and earnings that meet the market's high expectations.
SpaceX will have another go at the Starship test launch, and many more tests and launches will come over the next few years. A single aborted launch does not significantly impact the company's long-term viability.
The bigger risk to SpaceX and its investors involves what will happen if it successfully brings Starship into service: The company will need to raise massive amounts of capital over the better part of the next decade, even based on some of the most bullish outlooks for the business.
Image source: Getty Images.
This SpaceX bull just highlighted a major risk to the stock Morgan Stanley analysts have put a $300 price target on SpaceX stock. They cite its "near-monopoly launch economics," which will enable its satellite connectivity and AI businesses to scale up at a cost advantage.
Indeed, SpaceX can already launch its low earth orbit satellites for Starlink at a lower cost than any rival. And its technology also enables it to launch rockets at a higher cadence than anyone else. It can build faster and cheaper than anyone in the rocket launch industry.
But SpaceX is competing with terrestrial telecom companies and data centers. That's why Starship, which can carry much larger payloads and can be rebuilt and relaunched faster than SpaceX's current Falcon rockets, will be essential to scaling the business further.
Morgan Stanley sees Starship opening the door to serious revenue growth, but it will also require substantial capital to scale that business to the levels its analysts estimate. In fact, the analysts don't expect SpaceX to produce positive free cash flow until 2035. They estimate the company's average cash burn at $84 billion per year between 2027 and 2034, with capital expenditures peaking in 2031 at $300 billion.
In other words, SpaceX will need to raise about $700 billion in additional capital. "If debt markets cannot absorb this financing need, SpaceX may need to issue equity, reduce growth investment, or slow deployment," lead analyst Adam Jonas wrote in his note to investors.
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Importantly, SpaceX isn't the only tech company with significant financial demands. We've seen the major hyperscalers issue both debt and equity this year to raise cash to fund their AI data center build-outs. Meanwhile, the Federal Reserve is considering raising interest rates this year due to elevated inflation.
As a result, the cost of capital is rising. That could mean SpaceX will have to pay higher interest rates on whatever bonds it issues. Or, if the bond market cannot absorb another $700 billion of SpaceX's debt, its stock price will likely decline as it dilutes shareholders by raising funds via new equity issues.
The other option would be for SpaceX to raise less capital and slow its Starship, Starlink, and orbital data center build-outs. But that will lead to slower growth and, subsequently, a lower stock price.
SpaceX's capital requirements are a huge overhang on the stock, no matter how it raises that cash. Investors need to be aware of that risk, even if they're bullish on the technology.
“I’m still short puts in there and the puts haven’t gone anywhere,” Sosnoff said, noting that though SpaceX stock has fallen, the price of his puts has remained the same.
SpaceX Faces Historical IPO ChallengesAdding to the tension, Elon Musk has issued a warning to short-sellers betting against SpaceX. Musk’s recent comments suggest that those maintaining significant short positions in SpaceX may face challenges, drawing parallels to his past confrontations with Tesla short-sellers.
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Apple's (AAPL -1.55%) measured approach to artificial intelligence (AI), avoiding spending massive amounts of capital in this area like its big tech peers, appears to be a winning strategy from the market's point of view. Shares have climbed 22% in 2026 (as of July 20). They trade in record territory.
Should investors buy this "Magnificent Seven" stock right now?
Image source: The Motley Fool.
Investors might want to think twice about purchasing this business. That's because Apple shares aren't cheap.
The current price-to-earnings ratio of 39.5, which is near an 18-year high, indicates heightened investor enthusiasm. This adds greater downside risk should the business report financial results that disappoint investors.
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The market clearly has a favorable view of this company, though. Apple's financial performance has been superb. It reported 16.6% year-over-year revenue growth in Q2 2026 (ended March 28), with diluted earnings per share rising 21.8%. Demand for the latest iPhone 17 family has been off the charts, supporting the powerful ecosystem that drives customer stickiness.
Perhaps most importantly, Apple has stayed away from the unprecedented capital expenditure (capex) cycle that's defining the AI boom. Its capex totaled just $4.3 billion in the first six months of fiscal 2026.
Consequently, free cash flow remains robust. This gives the leadership team the ability to continue returning incredible amounts of capital to shareholders, primarily through stock buybacks.
Investors should keep Apple on their watch list, but wait for a better valuation.
Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy.
Meta Platforms stock is under selling pressure. Why are META shares declining? Earnings Preview & HistoryMeta is scheduled to report second-quarter earnings on July 29. Analysts estimate EPS of $7.18 along with revenue of $60.22 billion. For the prior quarter, Meta Platforms reported EPS of $7.31, beating the consensus estimate of $6.67. The company also posted revenue of $56.31 billion, exceeding the consensus estimate of $55.54 billion.
Meta Platforms has beaten EPS estimates in eight consecutive quarters. Over the last four quarters, the company has averaged an EPS surprise of 0.12% and a revenue surprise of 0.03%.
What To WatchInvestors will be watching Meta’s family-of-apps user trends for early signs that Europe’s youth-access restrictions are affecting engagement, since even small usage shifts can ripple into ad inventory and pricing. Advertising revenue growth relative to pricing and impressions is another key area to track, given the $60.22 billion revenue target hinges on strong ad demand alongside Reels and AI-driven discovery.
Updates on AI monetization, including Advantage+ performance and returns on AI infrastructure spending, will also be closely followed as the market focuses on the gap between AI investment and results.
A Death Cross Still Casts a Shadow Over Meta StockMeta is trading 0.8% below its 20-day SMA ($615.93) and 0.9% below its 100-day SMA ($616.32), while holding 0.8% above its 50-day SMA ($606.09). That "tug-of-war" positioning often produces choppy trade, and it helps explain why the stock can feel heavy on down-futures mornings even if the longer trend isn’t breaking.
RSI is the cleaner momentum read right now: at 51.71, it’s basically neutral, which fits a stock that’s consolidating rather than trending hard. In plain terms, RSI helps gauge whether buying or selling has gotten stretched; near-50 readings usually mean neither side has clear control.
The bigger-picture trend is still mixed: the 20-day SMA is above the 50-day SMA (a near-term bullish tilt), but the death cross from December 2025 (50-day SMA below the 200-day SMA) keeps the longer-term trend filter cautious. Zooming out, the stock remains 4.4% below its 200-day SMA ($639.20), and that overhead area can act like "gravity" on rebounds.
From a levels standpoint, traders will likely keep an eye on nearby pivots:
Key Resistance: $643.00 — a nearby round-number zone that also sits close to the 200-day moving-average area, where rebounds can stall Key Support: $577.00 — a nearby prior demand zone that sits well above the $520.26 52-week low, but would matter if selling pressure builds Analyst Consensus & Recent ActionsThe stock carries a Buy rating with an average price forecast of $820.81. Recent analyst moves include:
Raymond James: Strong Buy (Raises Target to $850.00) (July 21) Wells Fargo: Overweight (Raises Target to $835.00) (July 21) Rothschild & Co: Buy (Raises Target to $1000.00) (July 21) Meta Shares SlipMETA Price Action: At the time of publication, Meta shares are trading 2.76% lower at $609.82, according to data from Benzinga Pro.
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I keep building a position in Meta Platforms (NASDAQ:META | META Price Prediction), and every quarter the case for adding more gets stronger, not weaker. The bear thesis I heard for eighteen months, that AI capital spending would eat the margins alive, has now been tested against real numbers. The numbers won.
The Capex Panic Was Priced in Fear Q1 2026 was the quarter the argument should have broken. Meta spent $18.997 billion on capex, up 46.8% year over year, and raised full-year guidance to $125 to $145 billion. And yet revenue grew 33.08% to $56.311 billion, operating income climbed 30.29%, and free cash flow stayed positive at $12.386 billion. Operating margin held at 41%. Those are the numbers of a company compounding through its investment cycle.
The reason the pie does not shrink is the whole game. Meta has kept everyday operating costs flat by cutting non-core corporate layers, freezing traditional infrastructure, and executing deep workforce reductions, funneling the freed capital into GPUs and data centers. Those hardware purchases are booked as capex, so the cash goes out immediately but hits the income statement gradually as depreciation over a 4-to-5-year useful life. By the time those charges arrive, AI-driven ad targeting has already delivered double-digit revenue growth that outpaces the creeping overhead. That is how you keep near-40% margins while spending like a utility.
Three Reasons the Compounding Case Holds First, monetization is accelerating alongside the spend. Ad impressions rose 19% year over year in Q1 2026 and average price per ad rose 12%. Family daily active people reached 3.56 billion. The business keeps finding more inventory and charging more for it.
Second, the returns on capital are what you would expect from a fortress. ROIC sits at 20.69%, ROE at 30.24%, and net profit margin at 30.08%. Debt to equity is 0.39. Interest coverage is 71x. There is no financial fragility here.
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Third, management is telling on themselves in a good way. Mark Zuckerberg said on the Q1 call, “Every sign that we are seeing in our own work and across the industry gives us confidence in this investment,” and pointed to more than one gigawatt of custom silicon developed with Broadcom plus AMD chips complementing the new NVIDIA systems. That is disciplined efficiency work.
Why Not Just Buy the Index? The reflexive alternative for most readers is an index proxy like the Invesco QQQ Trust (NASDAQ:QQQ). It is a fine holding. It is also a way to own a much smaller slice of exactly this story. After Meta’s Q1 2025 report, the stock’s 30-day return of 16.54% ran well ahead of QQQ’s 9.47%. Concentration in the specific compounder that owns Instagram, WhatsApp, and the entire ad stack pays for itself when the thesis works.
The Risk I Actually Watch Reality Labs lost $4.03 billion in Q1 2026 on $402 million of revenue. That segment is the scar on the story, and there are youth-related litigation trials scheduled in 2026 that may result in material losses. What keeps me buying anyway is that Family of Apps generated $55.909 billion in revenue in the same quarter. The core business can carry the moonshot for a long time.
Analysts covering the stock skew heavily bullish, with 49 Buy ratings, 8 Strong Buy, 6 Hold, and no Sell calls, against a consensus target of $822.69 versus a current $646.01. The thesis remains intact.
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D3 Energy Ltd (ASX:D3E, OTCQX:DNRGF) has started a two-well drilling program at the Nooitgedacht area of its wholly owned ER315 permit in South Africa, targeting an expansion of its helium and natural gas reserve base.
The company has successfully spudded the first well, NGT245 E, in the northwestern portion of ER315 in the Free State Province.
Drilling will target faulting and associated fractures within the Witwatersrand formation to assess reservoir deliverability and gather further data on helium and methane concentrations.
The campaign is also intended to support the conversion of additional exploration areas into production rights.
Testing high-grade helium area The two-well program comprises NGT245 E and NGT245 D, both positioned near the historical Nooitgedacht Major borehole.
Production testing of that borehole in January 2025 delivered an average flow rate of 95,000 standard cubic feet per day, with helium concentrations of 5.6% and methane concentrations of 83.2%.
Nooitgedacht is around 43 kilometres north of D3 Energy’s Bloemskraal area, where the company has already booked reserves supporting a Production Right application submitted last year.
Both areas are associated with major structural corridors within ER315, with Nooitgedacht positioned along the Homestead Fault.
“The spudding of our first well at Nooitgedacht is another step forward in our methodical appraisal of ER315 as we look to build upon and extend the company’s ER315 reserve base some 40 kilometres to the north,” managing director and chief executive David Casey said.
NGT245 E to inform development decisions NGT245 E is budgeted to cost approximately A$200,000 to drill and complete.
Should the well successfully intersect gas, D3 Energy plans to undertake production testing to assess flow performance and obtain data relevant to well interference and spacing.
The results will help guide the ongoing development of ER315 and inform potential additional Production Right applications to South African authorities.
Next steps D3 Energy will complete drilling at NGT245 E before progressing to the second planned well, NGT245 D.
Successful gas intersections will be followed by production testing, with results expected to strengthen the company’s technical dataset and support further reserve definition and permitting activities.
About D3 Energy D3 Energy is an Australian-listed helium and natural gas exploration company focused primarily on ER315, PR016 and ER386 in South Africa’s Free State Province.
The company holds a 479,409-acre regional land position, with ER315 having returned independently verified helium concentrations of up to 8%.
D3 Energy has also expanded into Australia through the acquisition of prospective helium and hydrogen permits in South Australia’s Arckaringa Basin.
Ross Gerber, President and CEO of Gerber Kawasaki, urges for a merger between Tesla and SpaceX. He adds that buying SpaceX shares below the IPO price is a "no-brainer" for investors.
Key Takeaways The share of SpaceX stock that’s reportedly been sold short has ballooned to about 32% from less than 7% a month ago.The surge in short interest coincides with a stock slump that has weighed on the portfolios of individual investors who own any fund tracking the hugely popular Nasdaq-100 index. Get personalized, AI-powered answers built on 27+ years of trusted expertise.
“SpaceX will be worth more than Earth if we achieve our goals,” Elon Musk recently said. Investors think that’s a very big “if.”
Investors have reportedly shorted about 206 million shares of SpaceX (SPCX), or about 32% of the company’s public float, according to estimates from S3 Partners. The latest estimates are an increase from 185 million shares, or about 29% of float, last week, and just 40 million shares, or less than 7% of tradable stock, a month ago.1
Short interest is rising as SpaceX’s share price falls. The stock soared to record high above $225 in its frenzied first days of trading last month, but it’s mostly been downhill from there. Shares closed below its $135 IPO price for the first time last week in the middle of a seven-day slump. The stock snapped its losing streak on Tuesday amid a broad market rally, but slumped nearly 7% to a record low of about $115 on Wednesday.
Why This Is Important To Investors SpaceX’s relatively small public float, speculative nature and high profile have all made it a volatile stock since its debut last month. Rising short interest could exacerbate that volatility if a sudden upswing squeezes short sellers. Though, upcoming lock-up expirations could put even more pressure on shares.
Many 401(k)s Have Exposure to SpaceX Stock The slump has cost Musk his trillionaire status. It’s also been a drag on many everyday investors’ retirement portfolios. Several stock index providers fast-tracked SpaceX’s entry to their indexes.
The stock was added to the Nasdaq-100, one of America’s marquee stock indexes, on July 7, just 15 trading days after its debut. As a result, funds tracking the index, including the Invesco QQQ ETF (QQQ), with more than $450 billion in assets, bought the stock when it was trading around $160. Shares have since declined more than 20%.
The Nasdaq-100 is a popular choice among savers. More than 40% of 401(k) plan participants own a fund tracking the Nasdaq-100, according to a recent survey by Shelton Capital Management, and SpaceX accounts for about 1% of the index.2
Nasdaq’s decision to accommodate SpaceX was controversial. New stocks tend to be volatile, and many experts warned SpaceX’s high profile, small float, and the speculative nature of its business would likely amplify that volatility. Historically, pre-IPO buzz has been a short-term boon and a longer-term headwind to stocks. According to Mark Malek, chief investment officer of Siebert Financial, shares of the 10 largest U.S. IPOs in history have underperformed the S&P 500 by 96 percentage points since their listings.
Lock-Up Expirations Could Spark More Volatility There may be more turbulence ahead for unwitting SpaceX investors out there. The company on Tuesday scheduled its first earnings report as a public company for August 4. The print will open the door for company insiders to begin selling shares that have been subject to a post-IPO lock-up period.
Insiders can start selling up to 20% of their locked-up stock, or 911.5 million shares, on August 6. An additional 10%, or 455.8 million shares, will be unlocked if the stock closes at least 30% above its IPO price in five of the 10 trading days leading up to its first report.3 (That 10 day stretch started Wednesday, and the price to watch is $175.50.)
Despite mounting pessimism among short sellers, there are plenty of SpaceX bulls on Wall Street. Nine of the 10 analysts with current ratings tracked by Visible Alpha rate the stock a buy, and their median price target of $235 implies more than 100% upside.
For his part, Musk responded to surging short interest on Friday when he wrote in an X post: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.”4
Musk has a history of bitter feuds with short shellers. Tesla (TSLA) was one of the most shorted stocks in history in 2018 when the EV maker was burning through cash and struggling to scale production. Musk accused short sellers of market manipulation and, that August, said he wanted to pay a 20% premium to take Tesla private. “Funding secured,” he infamously tweeted, causing shares to jump. That incident cost Musk $20 million in fines, his Tesla chairmanship, and his unfettered freedom to tweet, but the bears got burned, too. Tesla’s business improved, it turned profitable, and shares rose, culminating in a historic short squeeze in 2020 that reportedly cost hedge funds billions.
The comments suggest SpaceX is becoming more than a technology partner—it is increasingly part of Tesla’s roadmap for artificial intelligence.
SpaceX’s Grok is Becoming Part of Tesla’s AI stackOne of the biggest revelations came when Musk described how Tesla’s Digital Optimus project works.
“SpaceX’s Grok, sort of the big model that is the manager of Digital Optimus and tells Digital Optimus what to do,” Musk said while explaining Tesla’s effort to build a software version of its humanoid robot.
According to Musk, Digital Optimus allows Tesla to train AI systems to operate computers in much the same way Full Self-Driving software learns to operate vehicles. Grok provides the higher-level instructions, while Tesla’s AI systems execute those tasks in real time before those capabilities are transferred to physical Optimus robots.
The comments offered one of Tesla’s clearest explanations yet of how it plans to combine large language models with autonomous robotics.
The Partnership Goes Beyond AIMusk said Tesla’s upcoming Cybercab will integrate Starlink connectivity, with plans to expand the satellite internet service to Tesla’s broader vehicle lineup where available. The goal is to ensure reliable connectivity for autonomous vehicles, particularly in areas where traditional cellular networks remain unreliable.
High-bandwidth connections could also enable passengers to stream entertainment or work while riding in autonomous vehicles.
Tesla also disclosed that it recently expanded its relationship with SpaceX through an investment and a new framework agreement, which executives said will support joint projects including Terafab and Digital Optimus.
A Bigger AI Ecosystem is EmergingThe collaboration doesn’t stop with software or connectivity.
Musk said Tesla’s proposed Terafab semiconductor initiative is aimed at developing advanced AI chips for Optimus, while also confirming SpaceX is involved in the effort. Separately, he described plans for AI “Megapods” that combine Tesla AI computers with conventional servers, allowing compute infrastructure to be deployed wherever electricity is available.
Taken together, the earnings call suggested Musk is building something larger than two separate companies sharing technology. Instead, Tesla increasingly appears to be leveraging SpaceX’s AI models, satellite network and engineering capabilities to accelerate its push into autonomous driving, robotics and AI infrastructure.
For investors, that could become one of the more important long-term takeaways from Tesla’s earnings. While quarterly results focused on vehicle sales and margins, Musk spent much of the call describing an ecosystem where SpaceX and Tesla are becoming increasingly interconnected as they pursue the next phase of AI development.
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Tesla stock is taking a hit today. What’s weighing on TSLA shares? Tesla Hits $100B TTM Revenue Milestone Despite EPS MissTesla reported adjusted earnings per share of 33 cents, missing the consensus estimate of 50 cents. In addition, it reported revenue of $28.23 billion, beating the consensus estimate of $25.70 billion.
The company reported second-quarter deliveries of 480,126 vehicles, up 25% year-over-year and above the Street estimate of 406,000. The company said it hit $100 billion in trailing-twelve-month revenue for the first time in its history. Active FSD subscriptions reached 1.48 million, up 56% year-over-year and up from 1.28 million in the prior quarter.
Tesla ended the quarter with digital assets worth $674 million, primarily Bitcoin holdings, down from $786 million in the first quarter.
The Future For TeslaTesla said first-generation production lines for its Optimus robot are being installed ahead of production, which the company said will happen “soon.” The Cybercab is now listed as in production, an upgrade from last quarter’s guidance of volume production “this year.” The Tesla Semi is listed as “commissioning” and remains on track for volume production this year.
“We are focused on maximum capacity utilization at our factories,” the company said, adding that deliveries and deployments will depend on demand. Tesla said it has “never been more optimistic about the future.”
Tesla Shares SlipTSLA Price Action: At the time of publication, Tesla shares are trading 7.76% lower at $344.97, according to data from Benzinga Pro.
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