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New York, New York--(Newsfile Corp. - July 24, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against PicS N.V. ("PicS" or the "Company") (NASDAQ: PICS) on behalf of all persons or entities who purchased PicS Class A common stock in and/or traceable to PicS' initial public offering ("IPO") on or around January 30, 2026.

CLICK HERE TO JOIN THE CASE

If you are an investor in PicS and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.

DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than August 4, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.

On or around January 30, 2026, PicS concluded its IPO, selling approximately 22.9 million shares of Class A common stock at $19 per share.

On March 19, 2026, less than three months after the IPO, PicS released its fourth quarter and full year 2025 financial results, which ended December 31, 2025 - before the IPO. The Company revealed that in December 2025, as part of the Company's "annual review of expected credit loss parameters," the Company had "implemented a stricter policy to accelerate the classification of renegotiated non-performing exposures from Stage 2 to Stage 3." Consequently, "R$590 million of Stage 2 portfolio balances were reclassified to Stage 3, resulting in an ECL increase of R$88 million in the quarter." Stage 3 is the Company's highest risk category for its credit portfolio, or "credit impaired."

On March 19, 2026, the price of PicS shares fell $3.56 per share, or 22.5%, to close at $12.27 per share.

The complaint alleges, among other things, that in connection with the IPO, Defendants made false and/or misleading statements and/or failed to disclose that "(a) that PicS had conducted an evaluation of its credit evaluation procedures in December 2025 and determined that such procedures were deficient and in need of enhancement; (b) that, as a result of the new procedures the Company had implemented in December 2025, PicS had reclassified approximately R$590 million of exposures previously classified as Stage 2 to Stage 3, leading to an incremental ECL charge of R$88 million in the three months ended December 31, 2025; (c) that PicS had experienced a heightened, but unreported, Stage 3 formation rate of more than 7% in the fourth quarter of 2025 that deviated substantially from the historical results and trends provided in the Offering Documents; (d) that the Offering Documents had materially overstated the quality and ability of the Company's credit models and user data to inform the Company's underwriting practices and to allow PicS to timely and effectively monitor, assess, and identify adverse credit events, credit risks, and credit deterioration across its portfolio; and (e) that PicS suffered from degradations in customer credit quality and heightened risks of default and loan impairment as a result of its entrance into materially riskier business lines leading up to the IPO, resulting in undisclosed adverse financial and operational trends such as heightened incidents of default, which predated the IPO and were internally projected by PicS to continue to worsen following the IPO, materially impairing the Company's business, operations, and financial results."

The complaint alleges that as of June 4, 2026, PicS Class A common stock fell to a low of less than $9 per share, representing a more than 50% decline from the $19 per share IPO price.

WHY CONTACT KAPLAN FOX?

Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.

Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.

For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.

If you have any questions about this Notice, your rights, or your interests, please contact:

Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.

https://www.kaplanfox.com/case/pics-n-v-class-action-alert-learn-more-now/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306466

Source: Kaplan Fox & Kilsheimer LLP

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SAN FRANCISCO, July 24, 2026 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP alerts investors in Verra Mobility Corporation (NASDAQ: VRRM) that a securities fraud class action lawsuit has been filed, and the firm has broadened its ongoing investigation into the company following an abrupt leadership transition. Investors suffering substantial losses are encouraged to contact the firm now.

, /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Calix, Inc. ("Calix" or the "Company") (NYSE: CALX).

IF YOU SUFFERED A LOSS ON YOUR CALIX INVESTMENTS, CLICK HERE BEFORE JULY 27, 2026 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT

What Is The Lawsuit About? 
The complaint filed alleges that, between January 28, 2026 and April 21, 2026, Defendants failed to disclose to investors: (1) the Company's first quarter margins had significantly benefited from advanced purchasing of memory components; (2) that the Company's advanced supply of memory components was dwindling; (3) that, as a result, the Company was experiencing negative margin pressure as it was forced to purchase memory components at rising market prices; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's margins, business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email:  [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.  

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
Glancy Prongay Wolke & Rotter LLP, 
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email:  [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.

SOURCE Glancy Prongay Wolke & Rotter LLP

Shares of hospital chain Tenet Healthcare (THC +17.68%) are soaring on Friday following Thursday evening's release of the company's fiscal Q2 numbers. Indeed, as of 12:53 p.m. ET this healthcare stock is up 16.8% in response to second-quarter earnings that topped expectations, and better-than-expected guidance for the remainder of the year.

Firing on all cylinders, defying recent worry Tenet Healthcare turned $5.63 billion worth of revenue into adjusted per-share earnings of $6.12 during the three months ending in June. Those numbers were well up from year-ago comparisons of $5.27 billion and $4.02, respectively. And, they also topped analyst estimates for a top line of $5.43 billion and a profit of only $4.26 per share.

Image source: Getty Images.

CEO Saum Sutaria, M.D., commented "We are actively navigating current industry dynamics through excellent operational execution, investments in innovation, and a continued focus on higher acuity services to sustain growth, margins and significant free cash flow."

Those dynamics are the worries resulting from rival HCA Healthcare's warning given earlier this month. Although its projected second-quarter numbers also reported today were healthy enough, in mid-July the company dialed back its full-year profit guidance due to a growing number of uninsured patients. That concern had been weighing on most of the hospital industry's stock ever since, including Tenet Healthcare's.

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Tenet appears to be pushing through this cost headwind, however. Not only did the company top its second-quarter expectations, but upped its full-year guidance as well. The hospital chain is now expecting 2026 revenue of between $21.9 billion and $22.5 billion, up from its prior estimate of $21.5 billion to $22.3 billion, and versus analyst expectations of just under $22.0 billion. Its adjusted EBITDA outlook for fiscal 2026 was also raised, from a previous forecast between $4.485 billion and $4.785 billion to an updated range of $4.83 billion to $5.03 billion.

Not now, but soon A single-day 21% gain is a tough act to follow. To this end, don't be surprised to see some profit-taking pressure materialize early next week, when today's euphoria has worn off. Let it run its course as well as you can.

Just understand that any decent dip is also a long-term buying opportunity. The majority of the analyst community was already rating Tenet Healthcare stock as a strong buy even before Thursday's Q2 report was posted, with a consensus price target of $246.90 that's still above the ticker's present price even after today's 17% gain. This consensus is likely to move even higher in response to Tenet's raised guidance.

, /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers Primoris Services Corporation (NYSE: PRIM) common stock between August 5, 2025 and June 22, 2026, inclusive (the "Class Period"), have until September 21, 2026 to seek appointment as lead plaintiff of the Primoris class action lawsuit. Captioned Boston Retirement System v. Primoris Services Corporation, No. 26-cv-02416 (N.D. Tex.), the Primoris class action lawsuit charges Primoris and certain of Primoris' top current and former executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Primoris class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-primoris-services-corporation-class-action-lawsuit-prim.html

You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].

CASE ALLEGATIONS: Primoris is an infrastructure services company that provides engineering, procurement, construction, and maintenance services.

The Primoris class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Primoris' cost estimation, cost-to-complete forecasting, and project oversight processes were deficient and failed to provide reliable estimates of the costs and expected profitability of significant fixed-price renewable energy projects; (ii) as a result, Primoris systematically underestimated the costs and risks of significant fixed-price renewable energy projects that were experiencing material cost overruns, execution problems, and schedule delays; and (iii) accordingly, defendants' statements regarding Primoris' estimating processes, project execution, ability to manage project risk, financial performance, and financial guidance lacked a reasonable basis and omitted material adverse facts.

The Primoris class action lawsuit further alleges that on February 23, 2026, Primoris reported its fourth quarter and full year 2025 financial results, disclosing increased costs on certain renewable energy projects, more challenging than anticipated soil conditions, and margin compression within its Energy segment, acknowledging that these issues adversely affected fourth quarter profitability despite higher revenue. On this news, the price of Primoris stock fell 8%, according to the complaint.

Then, on May 5, 2026, Primoris reported its financial results for the first quarter of 2026, allegedly disclosing additional adverse developments affecting its renewable energy business, including revenue and margin pressure, delayed project starts, and weaker than expected first quarter 2026 results. Primoris also reduced its full-year 2026 Adjusted EPS guidance from $5.80-$6.00 to $4.80-$5.00 and lowered its Adjusted EBITDA guidance, the complaint alleges. On this news, the price of Primoris stock fell approximately 50%, according to the complaint.

Thereafter, on June 8, 2026, Primoris allegedly announced that Anthony Vorderbruggen, Primoris' President of Renewables, was departing the Company, effective immediately. On this news, the price of Primoris stock fell approximately 15%, according to the complaint.

Finally, on June 22, 2026, Primoris issued a Business Update allegedly announcing that, following an internal review supported by an independent third-party industry expert, it had identified substantial challenges, cost overruns, and project delays affecting six renewable energy projects. Primoris reduced its full-year 2026 Adjusted EPS guidance to $2.05-$2.60, lowered its Adjusted EBITDA guidance to $275 million-$325 million, projected that 2026 Renewables revenue would decline to approximately $2.1 billion, and announced the resignation of its Chief Operating Officer, defendant Jeremy Kinch. The Primoris class action lawsuit alleges that on this news, the price of Primoris stock fell 22%.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Primoris common stock during the Class Period to seek appointment as lead plaintiff in the Primoris class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Primoris class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Primoris class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Primoris class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.

Contact:

Robbins Geller Rudman & Dowd LLP
Ken Dolitsky
Michael Albert
655 W. Broadway, Suite 1900, San Diego, CA 92101
800/851-7783
[email protected] 

SOURCE Robbins Geller Rudman & Dowd LLP

Robert A. McCabe, Jr., the Chief Banking Officer of Pinnacle Financial Partners, Inc. (PNFP +2.73%), executed a direct purchase of 10,013 shares on July 24, 2026, according to a SEC Form 4 filing.

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Transaction summaryMetricValueTransaction value~$1.0 millionShares purchased (directly held)10,013Post-transaction shares (directly held)~324,000Post-transaction value~$32.4 millionTransaction value based on SEC Form 4 weighted average purchase price ($99.90); post-transaction value based on McCabe’s purchase price.

Key questionsHow does this purchase align with the insider's current equity exposure?
Following this transaction, Robert A. McCabe, Jr., holds ~324,000 shares directly, representing a 0.21% ownership stake in the company. The ~$1.0 million capital allocation reflects a 3% expansion of his direct holdings at an execution price of $99.90 per share.What was the market context on the date of the transaction?
The shares were purchased on July 24, 2026, a day the stock opened at $99.62. After closing at $99.81 on July 23, the company's shares had delivered a one-year total return of -5% through the transaction date.Were there specific details regarding the execution of the trade?
The acquisition involved multiple transactions at prices ranging from $99.67 to $100. Based on the average share price of the transaction, the total value of the insider's direct equity position is estimated at ~$32.4 million.Company OverviewMetricValueShare Price (as of market close 2026-07-23)$99.81Market Capitalization$15.1 billionRevenue (TTM)$4.9 billionNet Income (TTM)$821.1 millionCompany SnapshotPinnacle Financial Partners operates as a bank holding company providing comprehensive deposit products including savings accounts, checking accounts, money market accounts, and certificates of deposit, alongside an extensive lending portfolio encompassing commercial loans and other credit facilities across the United States.The company generates revenue through traditional banking operations including net interest income from its lending and deposit activities, as well as fee-based services derived from its diversified financial solutions and banking products.Pinnacle Financial Partners serves a broad customer base including commercial enterprises, small to mid-sized businesses, and retail customers seeking comprehensive banking and financial services throughout its operating markets.Pinnacle Financial Partners is a significant regional bank holding company with $15.1 billion in market capitalization and $4.9 billion in trailing twelve-month (TTM) revenue, operating through its subsidiary Pinnacle Bank to deliver integrated banking solutions across the United States. The company maintains a diversified business model centered on traditional net interest income generation combined with fee-based revenue streams, positioning it competitively within the regional banking sector. With 8,389 employees and a strong capital base, Pinnacle demonstrates scale and operational depth in serving commercial and retail customers across its geographic footprint.

What this transaction means for investorsThere are many reasons an insider may sell shares, from the need to pay a large personal expense to an unstated belief that the share price will decline long-term.

There is only one reason an insider buys stock: they believe the share price is going to rise.

By that rule of thumb, McCabe’s purchase of $1 million worth of Pinnacle Financial Partners stock is bullish. Studies show that insider buying more often than not predicts that the share price will be higher in 30 days from the transaction.

Business-wise, Pinnacle reported a good second quarter of its fiscal 2026 the day before McCabe’s purchase, with revenue of more than $1.2 billion and net income of $313 million, better than analysts’ consensus. Bank management believes that its focus on relationship banking insulates it from having to compete on price (that is, the interest rate it pays on deposits) in the highly competitive Southeast U.S. banking market. The company also believes it can steadily increase returns to shareholders by consistently growing deposits and loans faster than its expenses rise.

As the chairman and founder of Pinnacle, McCabe knows the business inside and out. That he is buying is a tangible vote of faith in the business. Bolstered by strong financial results, investors may want to consider the news a potential reason to buy.

Brendan Coffey has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Teradyne's Q2 earnings are likely to benefit from AI-driven demand, robotics momentum and new products supporting growth as investors weigh its premium valuation.

Eastern Bankshares, Inc. (EBC) Q2 2026 Earnings Call Transcript

Key Takeaways RingCentral beat Q2 earnings and revenue estimates, with both increasing from the prior-year quarter. RNG grew AI adoption, with AI customers delivering higher ARR, retention and revenue per user. RingCentral raised its 2026 revenues, earnings, operating margin and free cash flow guidance. RingCentral (RNG - Free Report) reported second-quarter 2026 non-GAAP earnings of $1.22 per share, beating the Zacks Consensus Estimate by 4.27% and rising 15.1% year over year.

Revenues of $657.01 million surpassed the consensus mark by 1.03% and increased 5.9% from the year-ago quarter.

The quarter benefited from steady subscription growth, broader AI adoption and margin expansion. Total annual recurring revenues reached $2.8 billion, up 7% year over year.

RNG’s Subscription Base Supports GrowthSubscription revenues increased 5.8% year over year to $634 million and accounted for 96% of total revenues. Other revenues were $23.36 million, up from $21.67 million a year earlier.

Monthly net retention remained above 99%, while the company served roughly 600,000 customer accounts. Management noted steady new customer additions and highlighted that the recurring revenue model continued to support durable growth.

RingCentral Gains From Expanding AI AdoptionCustomers using RingCentral AI products generated more than 13% of total ARR and had net retention above 100%. These customers also produced meaningfully higher average revenue per user than the rest of the customer base. Customers using two or more AI products increased more than sevenfold over the past year.

AIR ended the quarter with more than 16,400 customers, up more than 400% year over year. ACE reached more than 6,300 customers, rising more than 70%, while the Customer Engagement Bundle exceeded 9,600 customers after growing more than 80% sequentially.

RNG’s Product Innovation Broadens Its ReachRingCentral expanded AIR Pro with autonomous outbound outreach, multiple-intent handling and intelligent transfers to live agents with full customer context. AIR Pro also supports more than 100 prebuilt integrations across customer relationship management, scheduling, healthcare and billing systems.

The company added AI-powered workflow building and natural-language analytics to AVA. It also enhanced workforce engagement tools with live screen monitoring, giving supervisors real-time visibility for compliance, coaching and productivity management.

RingCentral’s Operating DetailsSecond-quarter 2026 non-GAAP gross margin expanded 40 bps from the prior-year quarter to 77.4%.

On a non-GAAP basis, research and development expenses increased 7.9% year over year to $66.6 million. Sales and marketing expenses increased 3.9% year over year to $243.7 million, while general and administrative expenses rose 7.5% year over year to $44.4 million in the reported quarter.

Non-GAAP operating income rose to $154 million from $140 million. Non-GAAP operating margin rose 90 basis points to 23.4%, while adjusted EBITDA margin expanded to 26.9% from 26.0%.

RNG Generates Strong Cash Flow and Returns CapitalAs of June 30, 2026, cash and cash equivalents were $112 million compared with $116.58 million as of March 31, 2026

Net cash provided by operating activities increased 23.3% year over year to $206 million. Free cash flow climbed 24.8% to $180 million, representing 27.4% of revenues compared with 23.3% in the prior-year quarter.

The company reduced net leverage to 1.5 times and lowered gross debt by about $130 million during the first half of 2026. RingCentral has no debt maturities until 2030. The board also raised the quarterly dividend 66.7% to 12.5 cents per share.

In the second quarter of 2026, RNG repurchased about 2.2 million shares for $94 million, leaving roughly $326 million under its authorization.

RingCentral Raises Its 2026 OutlookFor the third quarter of 2026, RingCentral expects total revenues of $664-$670 million and subscription revenues of $643-$649 million. Non-GAAP operating margin is projected to be between 23.5% and 24.0%, with non-GAAP earnings of $1.25-$1.30 per share.

 For 2026, RNG raised total revenue guidance to $2.635-$2.646 billion and subscription revenue guidance to $2.550-$2.561 billion. The company now expects non-GAAP earnings of $4.96-$5.10 per share and a non-GAAP operating margin of 23.6%-24.0%.

Free cash flow guidance was increased to $615-$625 million. GAAP operating margin is now projected to be between 9.0% and 9.7%, while stock-based compensation is expected to total $240-$245 million.

RNG’s Zacks Rank & Stocks to ConsiderCurrently, RingCentral has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Computer and Technology sector are Bandwidth (BAND - Free Report) , Amphenol (APH - Free Report) , and Amkor Technology (AMKR - Free Report) . While Bandwidth and Amphenol sport a Zacks Rank #1 (Strong Buy), Amkor Technology carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Bandwidth is set to report second-quarter 2026 results on July 29. Bandwidth shares have appreciated 280.2% year to date.

Amphenol is slated to report second-quarter 2026 results on July 29. Amphenol shares have gained 16.5% year to date.

Amkor Technology is set to report second-quarter 2026 results on July 29. Amkor Technology shares have surged 65.5% year to date.

Key Takeaways Knight-Swift's adjusted EPS rose 80% as revenues climbed 12.6% and margins improved.Truckload adjusted income surged 69.4% as pricing gains and fewer empty miles boosted results.KNX expects Q3 adjusted EPS of 71-77 cents, with further truckload margin expansion. Knight-Swift Transportation Holdings Inc.’s (KNX - Free Report)  second-quarter 2026 adjusted earnings of 63 cents per share beat the Zacks Consensus Estimate of 49 cents by 28.6% and increased 80.0% year over year. Stronger pricing and network efficiency across asset-based operations supported the improvement.

Total revenues of $2.10 billion surpassed the consensus mark of $2.01 billion by 4.3% and rose 12.6% year over year. Truckload revenue per loaded mile, excluding fuel surcharge and intersegment transactions, increased 5.5%.

KNX’s Consolidated Profitability ImprovesRevenues, excluding truckload and LTL fuel surcharge, increased 5.5% year over year to $1.76 billion. Operating income rose 44.4% to $104.85 million, while adjusted operating income advanced 45.5% to $150.95 million.

The consolidated operating ratio improved 110 basis points to 95.0%. The adjusted operating ratio improved 240 basis points to 91.4%, reflecting better pricing and network efficiency across the asset-based businesses. Adjusted net income climbed 79.7% to $102.75 million.

Knight-Swift’s Truckload Engine Accelerates

Truckload revenues, excluding fuel surcharge and intersegment transactions, increased 2.8% year over year to $1.10 billion. The gain came despite a 2.6% decline in loaded miles, as tighter driver availability pressured the seated tractor count.

Adjusted operating income surged 69.4% to $98.92 million. The adjusted operating ratio improved 360 basis points to 91.0%, helped by pricing gains and a 140-basis-point reduction in empty miles. U.S. Xpress’ over-the-road division achieved its first profitable quarter since the acquisition.

KNX’s LTL Mix Supports Margin RecoveryLess-than-truckload (LTL) revenues, excluding fuel surcharge, declined 1.4% to $333.01 million as shipments per day fell 3.7%. However, daily tonnage increased 4.0%, weight per shipment rose 7.9% and length of haul expanded 5.3%.

Revenue per shipment, excluding fuel surcharge, grew 3.4%, while revenue per hundredweight fell 4.2% because of heavier shipments. Adjusted operating income increased 13.3% to $26.45 million, and the adjusted operating ratio improved 100 basis points to 92.1%.

Knight-Swift’s Logistics and Intermodal DivergeLogistics revenues rose 8.9% to $139.70 million, driven by a 29.6% increase in revenue per load, partly offset by a 16.4% drop in load count. Gross margin contracted 350 basis points to 15.4% as purchased transportation costs increased faster than customer pricing. Adjusted operating income declined 25.7%.

Intermodal revenues jumped 34.9% to $113.39 million. Load count increased 19.6% and revenue per load rose 12.8%, helping the segment post operating income of $0.65 million versus a $3.43 million loss a year earlier. Its operating ratio improved 470 basis points to 99.4%.

KNX’s Other Businesses Face Special ChargesAll Other Segments’ revenues increased 41.8% year over year to $105.56 million, supported by growth in warehousing and trailer leasing. These businesses generated an additional $7 million of income contribution compared with the prior-year quarter.

The segment recorded an operating loss of $10.43 million against an operating income of $6.75 million a year earlier. Results included $5.8 million of accounts receivable securitization costs and an $18.2 million severance charge primarily tied to the former executive chairman’s retirement.

Knight-Swift’s Liquidity and Capital SpendingKnight-Swift ended June with $186.11 million in cash and cash equivalents. In the year-to-date period, operating cash flow was $450.36 million, while free cash flow totaled $190.44 million after $259.92 million of net capital expenditures.

The company issued $1.50 billion of 1% convertible notes and used proceeds to repay floating-rate borrowings. Management expects the refinancing to generate roughly $44 million of annual pretax savings. Full-year net cash capital expenditures are expected to be in the range of $600-$650 million.

KNX’s Q3 Outlook Points HigherKNX expects third-quarter 2026 adjusted earnings of 71-77 cents per share. Truckload revenues, excluding fuel surcharge, are projected to rise by a mid-single-digit percentage, with the adjusted operating ratio improving 650-750 basis points year over year.

LTL revenues, excluding fuel surcharge, are expected to grow by a low-single-digit percentage, with the adjusted operating ratio in the low 90s. Logistics performance is expected to remain fairly stable sequentially, while intermodal revenues are projected to increase by a low-single-digit percentage from the second quarter.

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

Q2 Performances of Other Transportation CompaniesDelta Air Lines (DAL - Free Report) reported second-quarter 2026 earnings (excluding 88 cents from non-recurring items) of $1.56 per share, beating the Zacks Consensus Estimate of $1.51. Earnings declined in double digits (% wise) from a year ago as sharply higher fuel costs pressured profitability.

Revenues rose on a year-over-year basis to $17.67 billion but missed the consensus estimate of $17.76 billion. Broad demand strength lifted adjusted total revenue per available seat mile, or TRASM, 12.4%, while premium and diversified revenue streams continued to expand.

United Airlines Holdings, Inc. (UAL - Free Report)  reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%.

Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68-billion consensus mark. A 12.1% increase in total revenue per available seat mile, or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs.

J.B. Hunt Transport Services, Inc. (JBHT - Free Report) reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%.

Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads.

New York, New York--(Newsfile Corp. - July 24, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of GoDaddy Inc. (NYSE: GDDY) resulting from allegations that GoDaddy may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased GoDaddy securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/cases/godaddy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: Rosen Law Firm is investigating potential civil securities claims.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306487

Source: The Rosen Law Firm PA

Key Takeaways Equinor's Q2 EPS missed estimates, while revenues rose 40% and earnings more than doubled.Higher liquids and European gas prices, 3% production growth and strong trading supported results.Equinor kept its 2026 output and capex outlooks, with buybacks expected to reach up to $3 billion. Equinor ASA (EQNR - Free Report) reported second-quarter 2026 adjusted earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.38 by 3.6%. The bottom line surged 107.8% from 64 cents in the year-ago quarter.

Quarterly revenues of $35.18 billion increased 40% year over year and surpassed the consensus estimate of $35.09 billion by 0.2%.

The results were supported by higher liquids and European gas prices, 3% production growth and strong trading performance.  

EQNR Benefits From Higher Prices and OutputEquinor’s adjusted operating income increased 76% year over year to $11.48 billion. Adjusted net income climbed 93% to $3.23 billion. Reported net operating income more than doubled to $12.99 billion, aided by higher commodity prices, positive derivative effects and the sale of assets in Argentina.

The company realized an average liquids price of $97.90 per barrel, up 55% from $63 per barrel a year earlier. Total equity liquids and gas production reached 2,165 thousand barrels of oil equivalent (Mboe) per day. Total power generation attributed to Equinor in the second quarter was 1.19 terawatt-hours (TWh) compared with 1.12 TWh a year ago.

 The realized European piped gas price rose to $15.79 per million British thermal units (MMBtu) from $12 MMBtu in the year-earlier period. However, the U.S. piped gas price declined 16% year over year to $2.30 MMBtu.

Equinor’s Norway Business Delivers Strong GrowthExploration & Production (E&P) Norway generated adjusted operating income of $9.19 billion, up 61% from $5.71 billion in the prior-year quarter. The improvement reflected robust production levels and stronger realized prices, partly offset by higher operating expenses.

E&P Norway liquids and gas production increased 4% to 1,415 MBoe per day. The ramp-up of the Johan Castberg, Halten East and Verdande fields, along with new wells coming online, contributed to the production increase. Planned turnaround activity and natural decline partially offset these gains.

EQNR’s International & U.S. Units ImproveExploration & Production International generated adjusted operating income of $843 million, up from $429 million a year earlier. Average daily equity production rose 4% to 317 MBoe per day, driven by contributions from Adura in the U.K. and the start-up of Bacalhau in Brazil. Lower turnaround activity further contributed to the production increase, partially offset by the Peregrino and Argentina divestments, natural production declines and operational issues at Roncador.

Exploration & Production USA’s adjusted operating income jumped to $720 million from $183 million a year earlier. The increase was supported by stable production volumes, higher liquids prices and lower operating and administrative expenses in the reported quarter. Equity liquids and gas production averaged 433 Mboe in the second quarter compared with 431 Mboe in second-quarter 2025, supported by higher U.S. offshore production.

Equinor’s Trading Operations Add Meaningful ValueMarketing, Midstream & Processing reported adjusted operating income of $777 million, up from $337 million in the year-ago period. The result exceeded management’s normal quarterly guidance of roughly $400 million.

Strong crude trading, shipping optimization and refining performance drove the improvement. High refinery margins and solid operating reliability at the Mongstad refinery further supported the results. LNG trading performed above expectations, while the company’s regular gas-trading activities were broadly in line with normal levels.

EQNR Expands Renewable Power GenerationThe Power segment recorded an adjusted operating loss of $30 million compared with a loss of $80 million a year earlier. Strong power trading contributions and the benefits of a one-off event related to insurance helped narrow the loss.

Renewable generation rose 11% to 0.91 terawatt-hours, reflecting the ramp-up of Dogger Bank and contributions from new onshore assets. Lower gas-to-power generation partly offset the renewable gains.

Equinor Generates Strong Cash FlowCash flow from operations after taxes paid totaled $7.68 billion, up from $1.94 billion a year earlier. The company paid $7.08 billion in taxes, including three Norwegian Continental Shelf tax installments totaling $6.4 billion. Organic capital expenditures were $3.35 billion. Equinor generated net cash flow before capital distribution of $5.48 billion in the second quarter.

Equinor’s Balance SheetAs of June 30, 2026, the company reported $8.1 billion in cash and cash equivalents, along with an adjusted net debt-to-capital-employed ratio of 10.4%, down from 17.8% at the end of 2025.

EQNR Maintains 2026 Operating OutlookEquinor continues to expect oil and gas production to grow approximately 3% in 2026. First-half production increased 6%, providing stronger support for the full-year target despite planned third-quarter turnarounds and a temporary outage at Johan Castberg.

The company maintained its organic capital expenditure forecast of about $13 billion. Its board approved a quarterly dividend of 39 cents per share in the second quarter and initiated a third share-repurchase tranche of up to $1.125 billion. Equinor expects total 2026 share repurchases of up to $3 billion.

EQNR’s Zacks Rank & Key PicksEQNR currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks from the energy sector are Par Pacific Holdings (PARR - Free Report) , Valero Energy (VLO - Free Report) and FuelCell Energy (FCEL - Free Report) . While Par Pacific sports a Zacks Rank #1 (Strong Buy), Valero Energy and FuelCell Energy carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks Rank #1 stocks here.

Par Pacific Holdings operates an integrated downstream energy business across the United States, with fuel retail operations in Hawaii, Washington and Idaho, refining operations in Hawaii, Wyoming, Washington and Montana, and a supporting logistics network. Its refineries have a combined crude oil throughput capacity of 219,000 barrels per day and produce gasoline, diesel, jet fuel, marine fuels, asphalt and other petroleum products.

Valero Energy is a leading refining player with a robust network of 14 refineries and a combined high-complexity throughput capacity of 3 million barrels per day, which distinguishes it from other independent refiners. Valero’s refineries have a combined Nelson Complexity Index of 11.5, which implies that they can process a wide variety of feedstocks, convert them into higher-value products and shift product yields according to market conditions.

FuelCell Energy is a clean energy company that offers scalable, reliable, low-carbon power solutions. It produces power using flexible fuel sources such as biogas, natural gas and hydrogen. The company’s proprietary molten carbonate fuel cell systems generate electricity through an electrochemical process instead of burning fuel, reducing carbon emissions and minimizing the environmental impact of power generation. FCEL is anticipated to play a crucial role in the energy transition by enabling industries and communities to shift from traditional fossil fuels to low-carbon alternatives.

Comstock Inc. (LODE) Q2 2026 Earnings Call Transcript

NEW YORK, July 24, 2026 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Futu Holdings Limited (NASDAQ: FUTU). Shareholders who purchased shares of FUTU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.

The Trump Administration has not been shy about taking ownership stakes in what it views as critical suppliers of goods and services key to U.S. interests.

In recent years, the U.S. government has taken interests in semiconductor giant Intel Corp. (INTC -6.45%), rare-earth miner MP Materials (MP -7.26%), and lithium producer Lithium Americas Corp. (LAC -2.23%).

"The U.S. government has negotiated stakes in dozens of companies," reports CNBC. "Some U.S. ownership stakes have been opportunistic, while others have been a part of a broader economic strategy."

Now, there's a rising belief that the U.S. government will take ownership stakes in key artificial intelligence companies. Last month, Senator Bernie Sanders wrote an opinion piece for The New York Times suggesting that citizens consider nationalizing certain powerful companies that control critical AI technologies.

Image source: Getty Images.

"Artificial intelligence will almost certainly be the most transformational technology in the history of the world," Sanders wrote. "The question, then, is not whether A.I. will change the world. It will. The question is: Who will own and control that future? Who will benefit from it, and who will be hurt by it?"

Sanders's solution is to establish a sovereign wealth fund that can facilitate such direct stakes. AI investors should take note.

"I will soon be introducing the American A.I. Sovereign Wealth Fund Act," Sanders revealed. "This legislation would give the public a direct ownership stake in the largest A.I. companies in our country. How? It would create a sovereign wealth fund through a one-time 50 percent tax -- not on the profits of OpenAI, Anthropic, xAI and other companies, but paid with something far more valuable than that: the stock."

Sanders specifically lists xAI -- the AI division of Space Exploration Technologies (SPCX -3.49%) -- as a potential target of partial nationalization. How seriously should investors be taking this? Betting markets offer some insight into what might happen next.

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Previous to SpaceX's historic IPO, betting markets were surprisingly bullish on the U.S. government nationalizing the company. In August of 2025, for example, certain betting markets had odds of the space company being nationalized by January of 2027 at around 11%, though limited trading volumes make this somewhat suspect.

As the year has rolled on, however, the odds of SpaceX being nationalized by the start of next year have consistently fallen. Current odds hover at roughly 4%. Considering the track record for things like this in prediction markets, it's fair to say that these are just guesses.

Of course, the government could always begin nationalization -- or at least the process of taking a direct stake -- after January of 2027. We just don't have betting markets for predicting such a situation. But if recent history is any indication, investors should not be surprised to see governments more directly involved in the AI sector's evolution.

Three Oversold REITs With Strong FundamentalsRexford Industrial Realty NYSE: REXR said it is pursuing a broad portfolio realignment, planning to sell approximately $2 billion of non-core industrial assets while using a substantial portion of the proceeds to reduce debt, repurchase shares and selectively fund higher-return investments.

Chief Executive Officer Laura Clark said the planned dispositions encompass roughly 8 million square feet of properties identified through a first-half asset-by-asset review. The assets generally have more limited value-creation potential, elevated competitive supply, shorter remaining lease terms and in-place rents substantially above current market levels, according to the company.

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Hunting for High-Yield Bargains? 2 REITs to ConsiderRexford expects the vast majority of the sales to close this year and said it is already in advanced discussions involving a substantial portion of the planned dispositions. Clark said the company’s retained core portfolio will comprise approximately 43 million square feet of assets that it believes have stronger long-term growth, cash-flow durability and embedded value-creation potential.

Debt Reduction and Repurchase Capacity Chief Financial Officer Michael Fitzmaurice said Rexford updated its full-year disposition outlook to $1.5 billion to $2 billion. The company expects to use about $1 billion of projected proceeds to repay debt maturing in 2027 rather than refinancing it at higher interest rates.

Rexford expects the debt repayment to reduce net debt to adjusted EBITDA to approximately 3.5 times from 4.5 times at the end of the second quarter. Fitzmaurice said the company intends to pay off all but $575 million of its 2027 maturities during 2026, with the remaining amount repaid when it matures in March 2027. The company reduced its 2026 interest-expense guidance to $105 million.

The board also authorized a new $1 billion share-repurchase program. During the second quarter, Rexford spent $100 million to repurchase approximately 3 million shares at a weighted average price of $36 per share. Over the past year, the company has bought back about 15 million shares for $550 million, representing approximately 6% of shares outstanding, Fitzmaurice said.

Management did not disclose expected cap rates or pricing for the asset sales while negotiations remain underway. Clark said the company expects proceeds to be redeployed in a manner that is neutral to accretive to 2027 funds from operations per share. Fitzmaurice said the company sees debt savings, share repurchases and the removal of future rent roll-down risk as contributors to that outcome.

Second-Quarter Results and Updated Outlook Second-quarter Core FFO was $0.63 per share, up $0.02 from the first quarter. Fitzmaurice attributed the increase to accretive share repurchases, settlement income and lower general and administrative expense.

Cash same-property net operating income growth was 1.5%. Net effective same-property NOI growth was negative 0.5%. Same-property ending occupancy was 95.1%, up 30 basis points from a year earlier. Total liquidity at quarter-end was approximately $1.3 billion. Rexford raised the midpoint of its full-year Core FFO-per-share outlook by $0.01, citing better-than-expected same-property NOI growth, lower G&A expense and second-quarter settlement proceeds. The company said the increase is partly offset by projected dilution from the timing of capital recycling activity.

It also increased its same-property NOI growth outlook by 75 basis points at the midpoint on both a cash and net effective basis. Average same-property occupancy guidance was raised to a range of 95.3% to 95.7%, a 15-basis-point increase at the midpoint. Cash re-leasing spreads are now expected to range from negative 15% to negative 10% for the year.

Rexford lowered G&A guidance to $57 million from its original $60 million target. Clark said the company identified an additional $3 million in G&A savings during the quarter, bringing total identified savings since 2025 to $22 million.

The company recorded a $625 million impairment charge during the quarter related to its shortened holding period for non-core assets targeted for sale. Fitzmaurice said the non-cash charge is excluded from Core FFO and does not indicate impairment risk across the broader portfolio. He also said tax losses associated with the sales are expected to offset tax gains, eliminating the need for a special dividend.

Southern California Leasing Conditions Chief Operating Officer John Nahas said the broader infill Southern California industrial market recorded positive net absorption in the second quarter, while overall vacancy declined 30 basis points. Market rents, however, declined by slightly more than 1% sequentially as landlords continued to compete for leases amid elevated supply in certain areas.

Positive absorption occurred in the Inland Empire West and San Diego markets, while Greater Los Angeles posted its second consecutive positive quarter. Orange County continued to record negative absorption, though Nahas said touring activity has recently increased there. He described demand for spaces below 50,000 square feet as healthy and said activity in spaces exceeding 100,000 square feet was also improving, partly due to corporate demand for Class A properties.

Rexford executed 2.1 million square feet of leases during the second quarter, bringing year-to-date leasing volume to 6.2 million square feet, up 2 million square feet from the first half of 2025. Quarterly cash re-leasing spreads were negative 11.3%, primarily reflecting rent roll-downs from leases signed at the peak of the market.

The company’s average occupancy declined about 60 basis points sequentially due largely to several larger move-outs in Inland Empire West, including one related to a tenant bankruptcy. Nahas said that space was re-leased after quarter-end, with occupancy scheduled to begin in September. Fitzmaurice said occupancy is expected to decline by 15 to 100 basis points in the third quarter before accelerating in the fourth quarter.

Development Pipeline Rexford started one new development project during the quarter, 16425 Gale in the City of Industry. Nahas said the cross-dock project will feature a demisable layout and is expected to be completed in late 2027.

Management said no assets from its repositioning and development pipeline, which is expected to generate approximately $50 million of annualized NOI once fully leased, are included in the planned sales. The company said it remains focused on projects expected to produce returns above stabilized market cap rates.

About Rexford Industrial Realty (NYSE:REXR)Rexford Industrial Realty, Inc NYSE: REXR is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company's portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford's strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.

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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Meta Platforms (META) fell 0.21% premarket as bond investors pushed for higher yields on a $12 billion financing backing its data center in El Paso, Texas. Earl

So many social media apps. What if we just ... combined a few? Matteo Della Torre/NurPhoto via Getty Images Facebook helped make TikTok huge by showing its users tons of ads for the Chinese video company.

Now Facebook may end up becoming something that … looks and feels a lot like TikTok.

That's the takeaway from a product update Meta's social network provided Friday: Starting this fall, it is going to start testing a version of the Facebook app that essentially turns it into a TikTok-like video player, as a default setting.

Per Tom Allison, the Meta executive who oversees Facebook, the test will provide a "reimagined experience that puts a subset of people who we think want more video on Facebook into full-screen video the moment they open the app," which is exactly what you get when you open TikTok.

Allison says people in the test will be able to opt out of the new setting and return to classic Facebook — and that people who stick with the video-first option can always toggle back and forth to see a traditional Facebook feed.

The company plans on rolling out the test in some "video-heavy countries" this fall and may bring it to the US in 2027, Allison writes. A Meta rep didn't offer more details about timing or anything else.

Here, we need to note that a test is a test, not a final product decision. On the other hand, Meta and other platforms test stuff all the time, and don't always go out of their way to tell you about it in advance. So I'm taking this as a serious signal.

Allison dropped the news about the new format in a longer announcement highlighting other changes on the service, including a stand-alone app for Facebook Marketplace power users. So this one hasn't gotten much attention yet. I expect we'll hear more about it this fall.

But this is also not surprising. It's the logical endpoint to a direction Meta, and many social media platforms, have been moving toward for years: away from seeing posts and updates from your friends and people you know, and toward an always-on video experience that just shows you an endless stream of clips it thinks you might like. "Everything is television," as writer and podcaster Derek Thompson put it last year.

There are a couple different reasons why everyone is headed this way. For starters, the platforms would like users to stick around the platforms, so that the platforms can show them more ads. And they'd love a way to show them more video ads, so they can grab some of the giant ad business that still exists on traditional TV.

But it's also an acknowledgment that social media isn't really "social" anymore and hasn't been for a while: Most people who use the platforms are passive consumers, not active posters. So the companies can't rely on a stream of things from your friends and family to keep you engaged. They have to find stuff from strangers instead.

"We show recommendations because you might follow 200 accounts, and one in 10 of them posted. So we've got 20 things [to show you]. And we can reorder those 20 things 20 factorial ways, but that's only so much upside," Instagram boss Adam Mosseri told me last year. "Whereas if we look at the billion things posted in a given day, and we find something you're interested in, there's more upside."

It's also why the platforms are so eager to keep showing you more video given any opportunity: Click on a video post in Instagram and the app immediately starts showing you a TikTok-style never-ending stream of videos; Elon Musk's X does the same thing.

So what Facebook is testing is the logical next step: just giving you all the video it thinks you want — and which it definitely wants you to see — from the start.

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Peter Kafka You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Peter covers media and technology for Business Insider; previously he has worked at Vox, Recode, AllThingsD, and Forbes. He was also the first hire at Silicon Alley Insider, Business Insider's predecessor. 

Media Social Media Facebook More Meta TikTok Advertising

Tesla (TSLA -3.22%) needs no introduction. The Elon Musk-led technology business ranks 11th among the world's most valuable companies. And it's working on interesting projects to usher in what its management calls a world of "amazing abundance."

The company's ascent proves just how much of a favorite it is among market participants. If you'd invested $10,000 in Tesla stock exactly 10 years ago, here's how much you'd have today.

Image source: The Motley Fool.

Tesla has been a monster winner. On a total return basis, its shares have skyrocketed 2,420% in the past 10 years (as of July 23), turning $10,000 into $252,400 today. If you had put that same amount of capital into an S&P 500 exchange-traded fund, you'd have $40,760 in total return right now.

The stock's biggest catalyst has been the company's phenomenal growth. From an unknown automotive start-up to an electric vehicle (EV) leader, Tesla delivered over 480,100 EVs in the quarter ended June 30. That's up from 14,400 cars in Q2 2016.

That kind of expansion supported incredible revenue gains. Tesla's top line went from $1.3 billion in the second quarter of 2016 to $28.2 billion in Q2 of this year.

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It's hard to say exactly what Tesla's operations will look like 10 years from now. But management has high hopes. The business could be collecting massive profits and cash flow from self-driving and robotics technology, as well as its energy segment.

But with the stock trading at a nosebleed price-to-earnings ratio of 343, success appears to be fully baked in.

Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.

Tesla (TSLA) avoided a formal federal safety investigation into its door-release design, but regulators said the complaints exposed a broader gap in existing ve

The worrying sign for Wall Street’s hyperscalers following Alphabet’s Q2 2026 earnings is that it’s not enough to beat revenue expectations anymore; investors demand capex control. 

Alphabet (NASDAQ:GOOGL) tumbled 7.7% following its earnings call, which was largely comprised of good news. The Google parent recorded its 12th consecutive quarter of strong revenue gains, comfortably beating expectations. 

In terms of revenue, Alphabet’s quarterly results weighed in at $119.8 billion compared to $116.93 billion expected by LSEG, while adjusted earnings per share (EPS) fell $0.04 short of expectations, reaching $2.85. 

Alphabet’s cloud businesses also recorded more than $24 billion throughout the quarter, while its net profit tripled to more than $112 billion. 

The Google Gemini app also posted significant growth, with a confirmed 950 million monthly active users. 

Despite this, Alphabet’s stock experienced a steep decline due to more signs that the company’s capital expenditure is gathering momentum. With sell-offs triggered by the Google parent’s quarterly earnings, investors may be set for a period of heavy volatility for Wall Street hyperscalers as capex continues to fall under the microscope. 

Why are Investors Selling Alphabet? Wall Street’s Magnificent Seven collective of AI-focused market giants has continued to stagnate as investors come to terms with heavy capital expenditure trends. 

However, it’s this heavy spending on AI infrastructure that is prompting widespread revisions over the long-term value of hyperscalers. 

The reason investors are selling Alphabet stock despite its Q2 revenue beat is that the company increased its capital expenditure estimate for the full year to $205 billion, representing another jump from the $190 billion recorded last quarter. 

Alphabet’s chief financial officer, Anat Ashkenazi, put the capex increase down to growing demand and the company’s attempts to accelerate the delivery of capacity to accommodate it. She also confirmed that there’s an expectation that capex will continue to increase "significantly" in 2027, with more details set to be revealed at a later date. 

"Investors are uneasy about capex because Alphabet’s price-to-earnings (P/E) ratio currently stands at 26.48x, and speculative spending opens the door to more uncertainty over whether the company can ever reach such lofty revenue streams in the future," explained Vsevolod Smirnov, CMO at Just2Trade.

"Alphabet has more than tripled in value during the AI hype phase, and its recent struggles are merely a result of investors looking at the stock’s fundamentals and asking ‘what’s next?’" 

Earnings Fears for Mag7Another stock that’s been more heavily impacted by Q2 capex is Tesla, which revealed that capital expenditures have surged 142% year-on-year in the second quarter to $5.79 billion, with more than $25 billion in capex expected this year. 

With a seismic P/E of 347x, Tesla’s stock is more prone to coming under investor scrutiny, and its losses of more than 13.5% since Wednesday morning suggest that there’s set to be far more volatility ahead as spending continues to increase. 

Although Tesla isn’t a hyperscaler by definition, its spending mirrors concerns about the rate of spending throughout its high-tech counterparts. 

At their current capex rates, LSEG has estimated that the likes of Alphabet, Amazon, Microsoft, Meta Platforms, and Oracle are set to spend more on their capital expenditures than they generate in free cash flow by 2027, which directly calls into question the sustainability of these major AI buildouts. 

Make or Break Earnings SeasonThe challenges faced by Alphabet and Tesla have underlined the importance of the upcoming earnings season for the Magnificent Seven and hyperscaler firms. 

Over the weeks ahead, we’re likely to see far greater levels of volatility as investors seek out indications as to whether runaway spending rates are set to continue impacting stocks for the foreseeable future. 

Worryingly, with the likes of Alphabet and Tesla already confirming that more spending is on the way, Q2 earnings could become a difficult period if more Mag7 players follow a similar trajectory, even despite revenue beats. 

Capital expenditures will be firmly in the spotlight during the weeks ahead as we continue to look for cues as to whether more spending is ahead and if their impact could drive more doubt about the sky-high valuations throughout the S&P 500’s leaders. 

What’s Next for the AI Rally? The stuttering start to Q2 earnings season will be fuelling claims that we’re in the midst of an AI bubble, but it’s also worth remembering that the scale of the potential that the technology holds is unprecedented compared to previous tech bubbles on Wall Street. 

Last year’s estimates from UN Trade & Development suggested that the AI market was projected to reach a value of $4.8 trillion by 2033, cementing its emergence as a dominant frontier technology. 

This could assist high-spending hyperscalers in living up to their valuations despite significant free cash flow risks in the short term. 

This uncertainty over the trajectory of the AI boom will fuel more volatility in the wake of earnings season, which could provide some short-term trading opportunities for investors who are more bullish on the future prospects of the industry. 

Disclosure: On the date of publication, Dmytro Spilka did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer. Dmytro Spilka does not intend to make a trade in any of the securities mentioned above in the next 72 hours.

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.

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Alphabet (GOOG +0.30%) (GOOGL +0.61%) is one of the largest companies in the world, sitting in third place right now. It's widely considered an artificial intelligence (AI) leader, something that wasn't true just a year and a half ago. It just had another phenomenal announcement and showcased once again why it's a strong candidate for best AI stock to own.

Furthermore, Alphabet's stock sank following this announcement, underscoring the market's short-sightedness. The market wants profits now with no spending, and those two things are incompatible. This unrealistic expectation makes now a great time to buy Alphabet shares if you've missed out, and the discount may not last for long.

Image source: The Motley Fool.

Google Cloud continues to amaze Alphabet is a conglomerate based around the Google family of products. That means that it's an advertising business, but is quickly trying to pivot to become an AI-first one. Despite its Google Search business being a pretty mature business unit, it saw revenue growth of 17% year over year in Q2. That makes it the strongest-performing Google Platform -- quite the feat for its size. Part of Google's revenue comes from AI-driven search results, but there is a more focused AI business unit: Google Cloud.

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Google Cloud is where investors are going to see the most immediate benefit of AI revenue, as there are several clients running AI workloads on Google Cloud's servers. The computing capacity is rented out to these clients, creating a continuous revenue flow for Alphabet. This division posted an incredible quarter during Q2, with revenue rising 82% year over year. That's a significant acceleration over Q1's 63% growth.

As another boost, Google Cloud's operating margin rose from 32.9% in Q1 to 35.6% in Q2. There are major improvements going on here, and with a $514 billion backlog to churn through (Google Cloud generated $24.8 billion in revenue during Q2), there is a ton of growth ahead for the foreseeable future.

However, Alphabet must spend money to continue growing Google Cloud, which caused it to increase its capital expenditure guidance to $195 billion to $205 billion for the year. That sank the stock, as the market was already concerned that Alphabet was spending too much. I think this is just short-term thinking by the market, as Alphabet's spending strategy is clearly paying off.

With the stock selling off following earnings, I think now is the perfect time to hop in and buy shares. Sales on Alphabet's stock don't come around often, and you should consider taking advantage of this one. The Google parent is building a durable AI business here.

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I keep hitting the buy button on Amazon (NASDAQ:AMZN | AMZN Price Prediction) for a reason that barely makes the headlines: the custom silicon business sitting inside AWS. Everyone argues about retail margins and NVIDIA‘s (NASDAQ:NVDA) next quarter while I quietly load up on the company that is building its own chips at a scale most investors have not priced in.

Here is what pulled me back to the buy button this quarter. Andy Jassy told analysts on the Q1 2026 call that Amazon’s chip business is running at over $20 billion annually and growing triple-digit percentages year over year. If those chips were sold standalone, the annual revenue run rate would be $50 billion, which Jassy says makes it one of the top three data center chip businesses in the world. A top-tier semiconductor company is hiding inside a retailer’s segment reporting, and the market is treating it like a footnote.

The data-grounded case is straightforward. First, the commitments are real. Amazon has over $225 billion in Trainium revenue commitments, with Anthropic, OpenAI, Meta, and Uber signed on. Second, the price-performance edge is durable. Trainium2 delivers about 30% better price performance than comparable GPUs and is largely sold out, and Trainium3 is 30% to 40% more price performant than Trainium2, with much of Trainium4 already reserved. Third, this is showing up in the P&L. AWS grew 28% year over year in Q1 2026 to $37.587 billion, the fastest pace in 15 quarters, at a 37.7% operating margin. Jassy said Trainium should eventually deliver several hundred basis points of operating margin advantage versus buying chips elsewhere.

Why This Instead of NVIDIA I own the picks-and-shovels play by owning Amazon. NVIDIA trades at a trailing P/E of 31, a price-to-sales of 20, and a price-to-book of 25. Amazon trades at a P/E of 35 for the entire company, and the market gives roughly zero credit to the chip unit at semiconductor multiples. NVIDIA is priced for perfection. Amazon is priced as if the chips do not exist. When Wall Street starts valuing the silicon at anything close to peer multiples, I want to already be inside.

The Real Risk The check has to clear. Free cash flow trailing twelve months fell 95% to $1.2 billion because property and equipment spending jumped $59.3 billion year over year. Long-term debt has climbed to $119.1 billion from $65.6 billion. The 2026 CapEx plan is roughly $200 billion. If AI demand slows, that spending stops looking visionary and starts looking indulgent.

I keep buying anyway because the balance sheet absorbs it. Interest coverage sits at 35.2x. Return on equity is 22.3%. Operating cash flow was $139.51 billion in FY 2025. Jassy said AWS backlog is $364 billion, before Anthropic’s $100 billion deal. The customers are already committed for years of the capacity being built.

The stock is up 11.96% over the past year and 578.98% over ten years. Analysts sit at 62 buy ratings, 4 holds, zero sells. My buy button stays active because a chip company is being built inside my position while I pay retailer multiples.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Amazon didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

NEW YORK, July 24, 2026 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Microsoft Corporation (NASDAQ: MSFT).

I keep buying Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) because agentic AI is rewiring what an AI server needs, and the market still prices AMD like it only sells GPUs. It sells the CPU that runs tool calls, the memory that holds context, and the accelerator that does reasoning. That combination keeps my finger on the buy button.

The Thesis: Agentic AI Moves the Bottleneck A standard chatbot query is a one-shot GPU pass. An agent is a loop: GPU reasoning, then a CPU tool call or database query, then a KV-cache update, then the next step. The GPU sits idle while the host CPU runs sandboxed Python, hits SQL, and pings legacy microservices. The CPU stops being a background component and becomes the active traffic controller. That is exactly the workload AMD sells into with EPYC plus Instinct plus ROCm, and it is why Lisa Su told investors on the Q1 call that “inferencing and agentic AI drive increasing demand for high-performance CPUs and accelerators.” AMD owns the x86 server CPU franchise that this stack requires, an advantage its accelerator rivals lack.

The Receipts Data Center revenue hit $5.775 billion, up 57% year over year, in Q1 FY2026, and total revenue landed at $10.253 billion, up 37.85%. Free cash flow ran $2.566 billion, a 252.96% jump. Management guided Q2 to roughly $11.2 billion, about 46% growth, with gross margin widening to around 56%. The balance sheet carries net cash, with debt/equity at 0.071, so this cash flow is not servicing leverage.

The customer roster: OpenAI selected AMD to deploy 6 gigawatts of GPUs, Meta signed for up to 6 gigawatts of Instinct GPUs, and Oracle is standing up a 50,000-GPU Helios cluster. Reddit’s r/stocks caught it too: the top post this month read, “AMD’s Anthropic and Microsoft deals reinforce that AI infrastructure spending remains strong.”

Why Not Just Buy NVIDIA? I own some NVIDIA (NASDAQ:NVDA). Jensen Huang said “Agentic AI has arrived, doing productive work, generating real value and scaling rapidly across companies and industries”, and the numbers are staggering: $81.615 billion in Q1 FY2027 revenue, up 85.2%, with 75.0% non-GAAP gross margin. NVIDIA also owns the interconnect story with NVLink and a purpose-built ARM CPU roadmap in Vera Rubin.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn't make the cut. Grab the names FREE today.

The problem is the base. NVIDIA is a $5.06 trillion company. AMD is $887.7 billion. NVDA trades at price-to-book of 25.69; AMD sits at 13.77. AMD’s PEG is 1.276, and analysts carry 5 Strong Buy, 37 Buy, and zero Sell ratings. I want the CPU-plus-GPU rack that hyperscalers are diversifying into, at a book multiple roughly half of NVIDIA’s.

The Risk Trailing P/E is 182. That is rich. U.S. export controls on the MI308 already cost AMD an ~$800 million inventory charge in Q2 2025. What keeps the thesis intact is the forward P/E of 76 against 91.2% quarterly earnings growth, and the fact that current guidance excludes China MI308 revenue entirely. The multiple compresses if execution holds.

Why I Keep Buying Polymarket currently prices AMD’s next earnings beat at a 91.5% probability. The 1-year return is 240.18%. I add because the agent loop needs a CPU and a GPU under the same roof, and AMD is the only U.S.-listed name selling both at scale.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.