Track market-moving stories before they get noisy

, /PRNewswire/ -- Globe Life Inc. (NYSE:GL) announced a new authorization, effective August 15, 2026, to repurchase up to $2.5 billion of common stock in the future under the Company's existing share repurchase program. This authorization was approved by Globe Life's Board of Directors during its regular quarterly board meeting on August 5, 2026, and replaces any previous authorizations.

"This authorization reflects the Board's enduring confidence in Globe Life's ability to create long-term value. Our insurance operations have consistently generated reliable free cash flow for the parent company across varying economic environments. Since launching our repurchase program in 1986, we have returned nearly $11.5 billion to shareholders through buybacks," said Matt Darden, Co-Chairman and Chief Executive Officer.

Frank Svoboda, Co-Chairman and Chief Executive Officer, noted, "Our capital allocation strategy remains disciplined and consistent. We prioritize the full funding of our insurance operations' growth before deploying excess capital. In the absence of more accretive investment opportunities, and subject to prevailing market conditions, we expect to continue returning capital to shareholders through share repurchases, in keeping with our commitment to maximizing long-term shareholder value."

Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market distributed through multiple channels, including direct to consumer and exclusive and independent agencies.

SOURCE Globe Life Inc.

Simon Property Group, Inc. (NYSE:SPG) will release its second quarter earnings report after the closing bell on Monday, Aug. 10.

Analysts expect the Indianapolis, Indiana-based company to report quarterly earnings of $1.57 per share, up from $1.36 per share in the year-ago period. The consensus estimate for Simon Property’s quarterly revenue is $1.61 billion. It reported $1.38 billion last year, according to Benzinga Pro.

On May 11, Simon Property posted mixed results for the first quarter.

Simon Property shares gained 0.5% to close at $222.91 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Piper Sandler analyst Alexander Goldfarb maintained an Overweight rating and raised the price target from $230 to $285 on July 21, 2026. This analyst has an accuracy rate of 55%. UBS analyst Michael Goldsmith maintained a Neutral rating and boosted the price target from $199 to $222 on July 9, 2026. This analyst has an accuracy rate of 80%. Evercore ISI Group analyst Steve Sakwa maintained an In-Line rating and boosted the price target from $208 to $215 on July 7, 2026. This analyst has an accuracy rate of 63%. Barclays analyst Richard Hightower maintained an Equal-Weight rating and raised the price target from $212 to $213 on June 25, 2026. This analyst has an accuracy rate of 56%. Truist Securities analyst Ki Bin Kim maintained a Hold rating and raised the price target from $196 to $215 on June 23, 2026. This analyst has an accuracy rate of 68%. Considering buying SPG stock? Here’s what analysts think:

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First‑of‑its‑kind demo advances autonomous undersea operations

, /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, and Composite Energy Technologies (CET) have successfully demonstrated the undersea launch capabilities of HADALUS, a new, low-cost, long-endurance unmanned undersea vehicle (UUV).

During a recent U.S. Navy exercise, the UUV completed a series of at-sea missions on a Navy undersea test range, successfully demonstrating its undersea launch capabilities while submerged. This marks the first time the U.S. Navy has seen this integrated capability in the water and points toward a future where a single unmanned undersea platform can perform detect, reacquire and engage functions within one mission.

"This demonstration is an important step in a broader roadmap to deliver autonomous, end‑to‑end undersea capabilities that are far less detectable than surface platforms," said Jen Gauthier, vice president of Naval Systems & Sustainment at Raytheon. "By tightly coupling design, integration and at‑sea experimentation, we've proven we can bring new autonomous solutions to the fleet quickly and cost‑effectively."

HADALUS is a 34‑foot UUV with a six‑foot cross section and more than 2,000 nautical miles of endurance. Its free‑flooded, all‑carbon‑fiber exoskeleton delivers exceptional strength and payload capacity while enabling a significantly lower‑cost architecture. Designed to cost roughly one‑third to one‑fifth of comparable long‑endurance vehicles, HADALUS offers a scalable path to fielding affordable undersea capabilities.

In less than 18 months, Raytheon and CET progressed from a conceptual sketch to a complete prototype successfully demonstrated in water. This was driven by investment from both companies in the design and build of the vehicle, integration of the launcher, sonar and electronics and full system testing leading up to the exercise.

"HADALUS demonstrates that the undersea industrial base can move with greater speed and dynamism than traditional development cycles allow," said Chase Hogoboom, CEO and president of CET. "By combining CET's advanced composite vehicle architecture with Raytheon's mission systems, sensors and integration expertise, we have created a highly capable platform that can be produced at a fraction of the cost of conventional alternatives."

Raytheon is significantly expanding its workforce to support critical military programs. Opportunities are available for emerging talent, experienced professionals, and veterans. Discover open roles on our website and apply today.

About Raytheon
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact [email protected].

SOURCE RTX

Yield trading protocol Pendle has expanded onto the Monad blockchain with srUSDat, the senior tranche of Saturn’s structured credit stack, now available as fixed-yield markets for on-chain investors.

The launch happened around June 19, 2026, and the market responded immediately. Pendle crossed $51 million in Total Value Locked within ten days, racked up $22 million in trading volume in the first week alone, and has since climbed past $111 million in TVL, placing it among the top protocols on the Monad chain.

What srUSDat actually is srUSDat is the senior slice of Saturn’s USDat and sUSDat yield-bearing token system. Senior tranche investors receive fixed yields and retain principal protection until the junior tranche has absorbed losses entirely.

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The underlying exposure runs through STRC, which represents Strategy’s cumulative perpetual preferred equity. That connects the yield to Bitcoin-related corporate credit, a real-world asset category. Pendle’s tokenization of this exposure gives on-chain users a way to access that yield stream without navigating traditional brokerage infrastructure.

Current pool rates reflect the senior tranche’s risk profile. Live srUSDat and sUSDat pools on Pendle show fixed APYs around 15.54% on a 160-day sUSDat maturity, with broader market options showing fixed yields in the 13-15% range across pools maturing in August 2026 and January 2027.

Pendle’s Monad expansion in context Pendle’s core mechanic splits any yield-bearing token into two components: a Principal Token, which trades like a zero-coupon bond and can be redeemed at face value at maturity, and a Yield Token, which captures all the floating yield upside. This split lets one investor lock in a fixed rate while another speculates on yield movements, and both trade freely in Pendle’s automated market maker.

Saturn has added incentives to deepen liquidity. The protocol rolled out double points for participants in Pendle’s USDat and sUSDat markets on Monad during August 4 through 13, 2026, alongside MON token rewards targeted specifically at Yield Token positions.

Users interacting with these markets have multiple strategic options. Liquidity providers can deposit into the pool and earn trading fees plus the incentive stack. Yield Token buyers take on leveraged exposure to rate movements. Principal Token buyers lock in the fixed rate. Each strategy appeals to a different risk tolerance without requiring any of them to leave the on-chain environment.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

August 10, 2026 Friday's MarketsS&P 500
7,758 (+0.62%)Nasdaq
26,691 (+1.3%)Dow
54,037 (+0.28%)Bitcoin
$64,940 (+0.81%) 1. Berkshire Hathaway Ends Its 3-Year Buying Drought

Source: Image created by Jester AI.

Berkshire Hathaway (BRKB -0.54%)'s insurance business had a rough quarter, but its energy and manufacturing arms covered for it. Operating earnings grew 16% year over year, as Berkshire Hathaway Energy earnings jumped 27% and manufacturing, service, and retail profits rose 24%. Total EPS more than doubled to $11.91, though that's mostly noise: it swings with mark-to-market moves in Berkshire's stock portfolio, not the businesses themselves. The stock is little-changed in pre-market trading.

CEO Greg Abel is putting Berkshire's cash to work: After years of hoarding, Berkshire is spending again. Its cash pile fell to $365.5 billion, from $397.4 billion in the first quarter, as it bought back $4.5 billion of its own stock, closed its acquisition of homebuilder Taylor Morrison, and became a net buyer of stocks for the first time in more than three years. What Abel bought stays secret for now: Berkshire won't say which stocks it added until its 13-F filing hits the SEC on Aug. 14. There's no telling yet whether Abel's team found real bargains or just added to what it already owns – but Berkshire buying again at all is the shift long-term holders have wanted to see. 2. Bad Jobs News, Best Week for Stocks in Months Stocks had their best week in months. The S&P 500 gained 3.58% to a fresh record, and the Nasdaq jumped 5.19% as beaten-down chip stocks bounced back –-- the iShares Semiconductor ETF (SOXX +2.02%) alone rose 7.6% on the week. Futures point to a quieter open this morning, with the S&P 500 and Nasdaq each up modestly in early trading.

A weak jobs report sparked the rally: The economy lost 23,000 jobs in July instead of adding the roughly 80,000 economists expected, and unemployment unexpectedly fell to 4.1%. Investors read the shortfall as raising the odds of Fed rate cuts, and cheaper money tends to lift stock prices. Wednesday's inflation report is the real test: Economists expect July CPI to ease to 3.4% year over year, with the core reading (which strips out food and energy) slipping to 2.5%. A cooler number would harden the case for a September rate cut; a hotter one would undo much of Friday's optimism. For long-term investors, the direction matters more than any single reading – watch whether rate-cut odds keep climbing, and don't overreact to one month's data. Meet two big movers behind a strong week

3. Hidden Gems With Something to Prove

Cellebrite (CLBT +3.56%) helps police and government agencies pull data off phones and computers, and it reports Thursday before the bell. The real test is whether new business reaccelerates after a slow first quarter. Watch federal and European sales, margins recovering from recent investment spending, and whether management can point to actual AI-product revenue instead of a roadmap. Cisco (CSCO +0.46%) builds the routers and switches that move traffic through corporate networks, and it reports fiscal Q4 results Wednesday after the close. Wall Street expects EPS around $1.17 on revenue near $16.82 billion. Watch AI infrastructure orders and how much of that demand runs through its new Silicon One chip platform. Valuation is already stretched, so guidance matters more than the headline beat. Rocket Lab (RKLB +9.46%), a Hidden Gems Foundational Stock, reports Q2 results after today's close. Management expects revenue of $225 million to $240 million for another record, and non-GAAP gross margins of 38% to 40%. Watch progress on the Neutron rocket, integration of the recently completed Mynaric acquisition, and the pending Motiv Space Systems deal. Q1 revenue grew fast, but the company posted a net loss, so spending discipline matters as much as growth.

4. Guidance Will Matter More Than the Beat for These Rule Breakers

On Holding (ONON +0.56%), the Swiss maker of premium running shoes, reports before tomorrow's open, with consensus near $0.41 EPS on roughly $1.1 billion in revenue. The strong franc is noise; what matters is whether constant-currency growth and durable margins show On still commanding premium prices. A rich valuation and an implied 8% move mean even a beat could sell off on cautious guidance. BBB Foods (TBBB +0.32%), a fast-growing hard-discount grocery chain in Mexico, reports after Wednesday's close, with consensus revenue up about 47% but a wider loss. The question is whether that loss is non-cash stock compensation or real operating weakness – so watch adjusted EBITDA, same-store sales (up 16% last quarter), and gross margins to see whether its cost-and-scale advantage is compounding. CAVA (CAVA +0.30%), the Mediterranean fast-casual chain, reports after Tuesday's close, with consensus of $360.1 million in revenue and $0.18 EPS, after Q1 revenue grew 32.1% and same-restaurant sales rose 9.7%. A new salmon launch should trim margins about a point on higher energy and labor costs, which is fine as long as same-restaurant sales hold. Its newer growth initiatives, though, remain a leverage story, not a proven one. 5. DoorDash's Drop Was Our Opening Team Hidden Gems

We recommended DoorDash (DASH +1.41%) in September 2025 through Hidden Gems: Secret Code. Weeks later, in early November, the company announced plans to spend "several hundred million dollars more" in 2026 on new products like autonomous delivery and a global tech platform. DoorDash shares tumbled 30%, and that recommendation went into the red for members. We were undeterred and recommended the stock nearly a dozen more times across our portfolios that fall. DoorDash has since recovered, and today nearly all of our 30+ recommendations sit in the green.

Long-term mindset: DoorDash is still early in a massive global market, and its spending is already paying off. It just won regulatory clearance to fly its own delivery drones, and orders hit 970 million last quarter, up 27%, on $1.4 billion in quarterly free cash flow. Trust strong leaders: Founder-CEO Tony Xu has made many tough calls in building this company over the past decade and has substantial skin in the game, owning roughly $2 billion in DoorDash stock. His track record of turning big bets – grocery, advertising, international – into profitable growth supported our view that this spending would pay off too. Knee-jerk sell-offs like this one create openings. Our Hidden Gems mindset is to lean into strong leaders and market-defining businesses, and it's paid off – our first DoorDash recommendation is up about 42% since December 2021.

6. Your Take What's a stock you held through an ugly sell-off that you're now glad you kept?

Discuss with friends and family, or become a member to hear what your fellow Fools are saying!

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Posted by Defense World Staff on Aug 10th, 2026

Kinetik Holdings Inc. (NYSE:KNTK – Get Free Report) major shareholder Isq Global Fund Ii Gp Llc sold 235,349 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $50.52, for a total transaction of $11,889,831.48. Following the completion of the sale, the insider directly owned 1,691,370 shares in the company, valued at $85,448,012.40. This trade represents a 12.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Isq Global Fund Ii Gp Llc also recently made the following trade(s):

On Friday, August 7th, Isq Global Fund Ii Gp Llc sold 26,550 shares of Kinetik stock. The stock was sold at an average price of $50.24, for a total value of $1,333,872.00. On Monday, August 3rd, Isq Global Fund Ii Gp Llc sold 2,175 shares of Kinetik stock. The stock was sold at an average price of $50.04, for a total value of $108,837.00. Kinetik Price Performance Shares of KNTK stock opened at $49.08 on Monday. The stock’s fifty day simple moving average is $48.31 and its 200 day simple moving average is $46.65. Kinetik Holdings Inc. has a one year low of $31.33 and a one year high of $52.54. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 1.94 and a beta of 0.56.

Kinetik (NYSE:KNTK – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.19 by $0.45. The company had revenue of $581.44 million for the quarter, compared to the consensus estimate of $421.48 million. Kinetik had a net margin of 26.19% and a negative return on equity of 38.96%. The firm’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS. On average, research analysts anticipate that Kinetik Holdings Inc. will post 0.81 earnings per share for the current year.

Hedge Funds Weigh In On Kinetik Institutional investors have recently modified their holdings of the business. Zimmer Partners LP bought a new stake in Kinetik in the 4th quarter valued at approximately $98,611,000. Wellington Management Group LLP increased its position in shares of Kinetik by 149.6% in the fourth quarter. Wellington Management Group LLP now owns 1,608,403 shares of the company’s stock valued at $57,983,000 after acquiring an additional 964,130 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in shares of Kinetik by 86.5% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,843,400 shares of the company’s stock valued at $66,455,000 after buying an additional 855,000 shares in the last quarter. Cohen & Steers Inc. increased its holdings in Kinetik by 82.5% during the fourth quarter. Cohen & Steers Inc. now owns 1,843,506 shares of the company’s stock worth $66,458,000 after buying an additional 833,224 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Kinetik by 382.8% during the fourth quarter. Principal Financial Group Inc. now owns 1,018,692 shares of the company’s stock worth $36,724,000 after acquiring an additional 807,707 shares in the last quarter. Institutional investors own 21.11% of the company’s stock.

Analysts Set New Price Targets A number of analysts recently weighed in on KNTK shares. US Capital Advisors raised shares of Kinetik from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, May 29th. Citigroup reissued a “buy” rating and issued a $52.00 price target (up from $51.00) on shares of Kinetik in a research note on Tuesday, May 12th. Scotiabank restated an “outperform” rating and issued a $52.00 price target (up from $51.00) on shares of Kinetik in a research report on Tuesday, May 12th. Tudor Pickering started coverage on Kinetik in a research note on Monday, July 20th. They set a “buy” rating and a $57.00 price objective for the company. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $56.00 target price on shares of Kinetik in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.07.

View Our Latest Stock Analysis on KNTK

Key Kinetik News Here are the key news stories impacting Kinetik this week:

Positive Sentiment: Kinetik reported second-quarter earnings of $0.64 per share, far above the $0.19 analyst consensus and up from $0.33 a year earlier. Revenue rose 36.3% year over year to $581.4 million, also exceeding expectations. Kinetik Holdings Beats Q2 Earnings and Revenue Estimates Positive Sentiment: Management’s results and commentary highlighted strong NGL recoveries, downstream optimization and dividend coverage. Planned projects—including Kings Landing II, the ECCC Pipeline and expanded Gulf Coast access—could support multiyear EBITDA growth by allowing Kinetik to monetize capacity constraints in the Permian Basin. Kinetik Holdings Monetizing the Permian’s Constraints Neutral Sentiment: The earnings improvement strengthens Kinetik’s fundamental outlook, but one analysis argued that the stock is still not inexpensive. Shares trade near their 52-week high, with a P/E ratio around 17, potentially limiting near-term upside unless growth continues to exceed expectations. Kinetik Better Q2 Earnings, Still Not Cheap Negative Sentiment: Major shareholder ISQ Global Fund II GP LLC disclosed sales totaling approximately $13.3 million across August 3, 6 and 7. The transactions reduced its reported holdings, with the largest sale involving 235,349 shares. While the sales do not change Kinetik’s operations, they may create an overhang and raise short-term concerns about insider conviction. SEC Form 4 Insider Sale Filing Kinetik Company Profile (Get Free Report)

Kinetik (NYSE: KNTK) is a publicly listed midstream energy company focused on the development, operation and management of natural gas infrastructure across the United States. The company’s core business activities include the gathering, compression, processing, storage and transportation of natural gas, serving producers, utilities and industrial consumers. By integrating a suite of midstream services under a single platform, Kinetik aims to provide efficient, cost-effective and reliable solutions across the natural gas value chain.

The company was established in 2021 when assets were acquired from Talen Energy by a subsidiary of ArcLight Capital Partners, forming a comprehensive portfolio of pipelines, compression facilities and underground storage assets.

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Friday’s US employment report was the first of four major pieces of economic data due before the Federal Reserve’s September meeting. The figures delivered a significant downside surprise, prompting markets to scale back expectations of a September rate hike to around 44%, from above 55% ahead of the release. Yet, the data hasn’t materially changed the USD/JPY forecast much. The pair has already recovered towards the levels seen before the payrolls release, trading close to 159.00. That leaves the pair once again within striking distance of the psychologically important 160.00 level. Unless upcoming US data deliver further negative surprises, or Japanese authorities step back into the market, USD/JPY could once again test that threshold.

The next major catalyst is US inflation, with CPI due later this week. At the same time, developments in oil markets remain important, particularly as uncertainty surrounding the Strait of Hormuz continues to complicate the inflation outlook.

Oil remains a key variable for the dollar outlook Crude oil prices continue to find support from the uncertainty surrounding shipping through the Strait of Hormuz. Although Donald Trump has indicated that Washington is “semi-negotiating” with Iran, the language suggests that economic pressure remains central to the strategy rather than an immediate move towards military escalation.

There have also been reports that Iran and Oman are edging towards an understanding over a shipping route through the Strait. However, any meaningful and sustained reopening of the waterway is likely to depend on wider progress in US-Iran negotiations.

A prolonged disruption to energy flows should keep inflationary pressures elevated. That could make it harder for the Fed to ease policy, even if we see further data weakness, potentially providing an underlying source of support for the greenback.

The Fed’s data-dependent approach puts CPI in the spotlight The latest market reaction reinforces just how important incoming economic data have become for the dollar. Rather than relying heavily on oil prices alone, markets are increasingly being forced to assess individual data release through the Fed’s evolving reaction function.

That shift follows Federal Reserve Chair Kevin Warsh’s decision to move away from providing firm forward guidance. His recent messaging has left greater room for incoming data to reshape expectations around monetary policy.

There are still several important data points to come before the September 16 FOMC meeting: another payrolls report and two further CPI releases, including this week’s figures.

Inflation is particularly important because of Warsh’s admission that the Fed has consistently gotten it wrong and is looking to address it. As a result, any surprises in CPI or other inflation data like PPI could generate much larger moves in the dollar than we have seen from Friday’s jobs report alone.

This also helps explain why the weak payrolls figures did not trigger a sustained collapse in USD/JPY. Markets still have several opportunities to reassess the Fed outlook before September.

What is expected from CPI data? US CPI is now arguably the most important event on this week’s calendar. The previous CPI report had certainly surprised to the downside. Headline inflation slowed more sharply than expected to 3.5% from 4.2%, while core CPI eased to 2.6%. This time, economists expect moderate weakness. Headline CPI is expected to rise 0.1% month-on-month, taking the annual rate to 3.4%. Core CPI is forecast to increase 0.2% on the month, leaving annual core inflation at 2.5%.

The question now is whether we will see that moderation, and if so, whether it is enough to trigger further dovish repricing in US dollar. But as mentioned, alongside data it is also the developments in oil prices which will determine whether expectations for a tighter Fed are rebuilt or continue to unwind.

Why the yen is struggling to capitalise on softer US data In theory, the yen should be among the clearest beneficiaries of weaker US economic data because USD/JPY remains highly sensitive to the interest-rate differential between the two economies.

Yet the yen continues to face selling pressure, even following intervention episodes. The USD/JPY sold of sharply in late July as both the US and Japanese authorities jointly intervened in the foreign exchange market to support the yen. Such coordinated action is unusual and suggests that the US Treasury may be taking a more active role in attempts to stabilise the currency.

However, intervention alone is unlikely to deliver a durable change in the direction of USD/JPY. Foreign exchange intervention can disrupt positioning, reduce excessive volatility and alter market psychology. What it generally cannot do is permanently overturn a powerful macroeconomic trend.

Even growing expectations of a September Bank of Japan rate increase have so far struggled to generate a sustained reversal in the pair.

This is partly because the interest-rate gap with the US remains wide enough to keep carry-trade demand for the dollar alive.

Softer US data may improve the fundamental case for a stronger yen, but positioning and yield differentials can continue to work in the opposite direction – especially if oil prices remain elevated for longer.

USD/JPY forecast: 160 remains firmly on the radar Technically and fundamentally, USD/JPY remains caught between competing forces. The pair has already recovered to above 158.50, effectively returning to the area where it traded before Friday’s payrolls shock.

That recovery suggests the market has not yet fully embraced a sustained dovish repricing of the Federal Reserve. With the USD/JPY now also back above the 200-day average, the near-term path of least resistance is no longer to the downside.

Source: TradingView.com The path ahead is therefore likely to remain volatile. A return towards 160.00 remains a realistic possibility, particularly if US inflation proves sticky or oil prices remain elevated. 160.50 is the next obvious resistance followed by 162.00.

Meanwhile, if support around 158.00 area gives way and price moves below the 200-day again, then in the case, a return to 157.00 and possibly 156.00 will become likely. For that to happen, you’d feel US CPI will have to be quite weak this week. 

-- Written by Fawad Razaqzada, Market Analyst

Follow Fawad on Twitter @Trader_F_R

Posted by Defense World Staff on Aug 10th, 2026

International Flavors & Fragrances Inc. (NYSE:IFF – Get Free Report) EVP Michael Deveau sold 8,825 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $85.55, for a total value of $754,978.75. Following the transaction, the executive vice president owned 5,199 shares of the company’s stock, valued at approximately $444,774.45. The trade was a 62.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

International Flavors & Fragrances Stock Performance IFF stock opened at $85.80 on Monday. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $89.32. The stock has a market capitalization of $21.89 billion, a price-to-earnings ratio of 78.72, a PEG ratio of 2.65 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 2.06. The stock’s fifty day moving average is $77.77 and its two-hundred day moving average is $75.50.

International Flavors & Fragrances (NYSE:IFF – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.25). The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.62 billion. International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%.The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 EPS. On average, research analysts predict that International Flavors & Fragrances Inc. will post 3.69 EPS for the current year.

International Flavors & Fragrances Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.9%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 146.79%.

International Flavors & Fragrances announced that its board has authorized a share buyback plan on Tuesday, August 4th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the specialty chemicals company to reacquire up to 12.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In Several analysts have weighed in on IFF shares. Barclays lifted their target price on International Flavors & Fragrances from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday. Berenberg Bank raised their price target on International Flavors & Fragrances from $83.00 to $84.80 and gave the company a “hold” rating in a report on Thursday, May 7th. Vertical Research downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 price objective for the company. in a report on Thursday. Morgan Stanley increased their target price on shares of International Flavors & Fragrances from $93.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of International Flavors & Fragrances in a research report on Monday, August 3rd. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.16.

Get Our Latest Report on IFF

Trending Headlines about International Flavors & Fragrances Here are the key news stories impacting International Flavors & Fragrances this week:

Positive Sentiment: Barclays raised its price target from $90 to $96 and upgraded its stance to “overweight,” implying approximately 12% upside from the reference price. The move signals improving confidence in IFF’s earnings outlook and restructuring efforts. Benzinga analyst update Positive Sentiment: Benchmark increased its target from $100 to $105 and maintained a “buy” rating, representing roughly 22% potential upside. This is the most bullish valuation among the recent analyst actions. Benzinga analyst update Positive Sentiment: IFF plans to repurchase up to $2.5 billion of its shares, which could support per-share earnings and signal that management views the stock as attractively valued. IFF share buyback report Neutral Sentiment: UBS raised its price target from $84 to $91 but retained a “neutral” rating. The higher valuation provides modest upside, while the unchanged rating suggests the firm sees balanced potential and risks. Benzinga analyst update Negative Sentiment: Vertical Research downgraded IFF from “buy” to “hold,” despite assigning a $93 price target. The downgrade may limit enthusiasm because it reflects less conviction in near-term upside. Finviz analyst update Negative Sentiment: Second-quarter results were mixed to weak: adjusted earnings per share came in at $0.82 versus the $1.07 consensus, while revenue of $1.95 billion missed estimates of $2.62 billion. IFF also lowered its full-year sales outlook, overshadowing modest year-over-year revenue growth. International Flavors Q2 earnings snapshot Institutional Inflows and Outflows Large investors have recently bought and sold shares of the business. Wealthfront Advisers LLC acquired a new stake in International Flavors & Fragrances during the 2nd quarter worth about $1,944,000. Alpine Woods Capital Investors LLC purchased a new stake in shares of International Flavors & Fragrances in the second quarter worth approximately $3,151,000. Meeder Advisory Services Inc. purchased a new stake in shares of International Flavors & Fragrances in the second quarter worth approximately $220,000. Citizens Financial Group Inc. RI acquired a new stake in shares of International Flavors & Fragrances during the second quarter worth approximately $208,000. Finally, BlackRock Inc. purchased a new position in International Flavors & Fragrances during the second quarter valued at approximately $1,835,955,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile (Get Free Report)

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.

Read More Five stocks we like better than International Flavors & Fragrances Albemarle’s Blowout Quarter Shows Why Lithium Still Matters Can DICK’S Turn Foot Locker Into a Winner? Why Dutch Bros Plunged Despite a Q2 Earnings Beat and Record Revenue Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.

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Posted by Defense World Staff on Aug 10th, 2026

Griffon Corporation (NYSE:GFF – Get Free Report) CEO Ronald Kramer sold 100,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $102.42, for a total transaction of $10,242,000.00. Following the sale, the chief executive officer owned 1,684,297 shares in the company, valued at approximately $172,505,698.74. The trade was a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Griffon Stock Performance GFF opened at $107.16 on Monday. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 27.34 and a beta of 1.44. The business’s 50-day moving average price is $91.92 and its two-hundred day moving average price is $86.08. Griffon Corporation has a 1 year low of $65.01 and a 1 year high of $108.57. The company has a debt-to-equity ratio of 9.75, a current ratio of 2.41 and a quick ratio of 1.79.

Griffon (NYSE:GFF – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The conglomerate reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. Griffon had a return on equity of 249.31% and a net margin of 8.08%.The business had revenue of $481.37 million during the quarter, compared to the consensus estimate of $457.70 million. During the same period last year, the company earned $1.50 earnings per share. Griffon’s quarterly revenue was down 21.5% on a year-over-year basis. Equities analysts expect that Griffon Corporation will post 5.33 EPS for the current fiscal year.

Griffon Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Griffon’s dividend payout ratio (DPR) is 22.45%.

Institutional Inflows and Outflows Institutional investors and hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. raised its holdings in Griffon by 149.6% during the 4th quarter. Hantz Financial Services Inc. now owns 352 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 211 shares during the period. Scarborough Advisors LLC bought a new stake in shares of Griffon during the 1st quarter valued at $29,000. Hilton Head Capital Partners LLC purchased a new stake in Griffon during the 4th quarter worth about $34,000. Caitong International Asset Management Co. Ltd boosted its stake in Griffon by 362.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 495 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 388 shares during the period. Finally, Osterweis Capital Management Inc. purchased a new position in Griffon during the 2nd quarter valued at about $37,000. 73.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth GFF has been the subject of several analyst reports. Zacks Research upgraded shares of Griffon from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Robert W. Baird set a $125.00 target price on Griffon in a research note on Thursday. Stephens increased their price target on Griffon from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday. Wall Street Zen lowered shares of Griffon from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings downgraded Griffon from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $122.50.

View Our Latest Stock Analysis on GFF

Griffon News Roundup Here are the key news stories impacting Griffon this week:

Positive Sentiment: Quarterly earnings beat expectations: Griffon reported adjusted earnings of $1.51 per share, exceeding the $1.34 consensus estimate, while revenue of $481.4 million surpassed expectations of $457.7 million. Pricing improvements and volume growth—particularly from residential demand—helped offset a 21.5% year-over-year revenue decline. Management reaffirmed its fiscal 2026 outlook, supporting the view that operating momentum remains intact. GFF Q3 Earnings Beat Estimates on Pricing and Volume Growth Positive Sentiment: Analyst remains bullish after results: An investment analysis reiterated a Buy view, citing Griffon’s more focused business profile and an intact long-term growth story following the earnings release. Griffon Corporation: A Simpler Business With An Intact Growth Story Positive Sentiment: Shares reached a new 52-week high: The strong earnings performance and reaffirmed guidance have helped drive GFF to fresh annual highs, signaling strong market momentum. Griffon Reaches New 52-Week High After Strong Earnings Neutral Sentiment: Historical financials were recast: Griffon updated fiscal 2023–2025 financial information after strategic AMES transactions. The revisions improve comparability following the company’s portfolio changes, but investors may review the restated figures for any effects on historical trends or reported performance. Griffon Recasts Financials After Strategic AMES Transactions Negative Sentiment: Executives sold shares: CEO Ronald J. Kramer sold 100,000 shares for approximately $10.2 million, while COO Robert F. Mehmel sold a combined 37,061 shares worth about $3.8 million. Both sales were made under pre-arranged Rule 10b5-1 plans, and the executives still retain substantial holdings, reducing—but not eliminating—concern about insider selling. About Griffon (Get Free Report)

Griffon Corporation (NYSE:GFF) is a diversified management and holding company whose subsidiaries design, manufacture and market products for residential, commercial and defense applications. Operating through three primary platforms—Home & Building Products, Defense Electronics and Specialty Industrial—Griffon’s portfolio spans consumer and industrial brands with a focus on long-lived products and recurring aftermarket opportunities.

In the Home & Building Products segment, Griffon’s Clopay Building Products division is a leading North American manufacturer of residential and commercial garage doors, specializing in steel, fiberglass and composite designs as well as decorative carriage-house styles.

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The massive investment in building AI data centers is one of the biggest storylines this year. It coincides with a similar headline. Power is the biggest bottleneck in developing this crucial AI infrastructure. That's driving robust demand for all forms of power, including gas, nuclear, and battery storage.

However, data centers aren't the only AI infrastructure that requires power. The companies manufacturing the chips, servers, and other equipment vital to these facilities also need energy. That's providing an additional opportunity for Bloom Energy (BE -4.20%) to cash in on the AI power story. The hydrogen fuel cell company recently expanded its partnership with MiTAC Computing Technology, a leader in high-performance, energy-efficient server solutions for AI data centers.

Image source: Getty Images.

Setting the standard for AI onsite power beyond data centers Bloom Energy will deploy fuel cell systems for an islanded microgrid at MiTEC's AI server manufacturing campus in Fremont, California. It's an expansion of its existing partnership with MiTEC. Bloom has also installed a fuel cell microgrid at the company's San Jose manufacturing facility.

Companies like MiTEC are facing the same power constraints as AI data center developers. They need more power quickly, which is an issue given the time required for permitting and grid interconnection. They can't wait for the grid to supply their needs, which is why they're turning to Bloom Energy's rapidly deployable onsite power solutions.

MiTEC is one of the nearly two dozen AI infrastructure companies now deploying Bloom Energy's solutions. It's currently providing them with about 250 megawatts (MW) of contracted capacity, up from about zero for this segment two years ago. That's in addition to the hundreds of MWs of fuel cell technology Bloom has deployed at data centers. This number will grow rapidly, driven in part by the expansion of several strategic partnerships. Cloud giant Oracle expanded its strategic partnership with Bloom in April to deploy up to 2.8 gigawatts (GW) to accelerate AI infrastructure build-out. Meanwhile, global investment firm Brookfield Asset Management expanded its strategic AI partnership with Bloom fivefold to $25 billion in June.

Today's Change

(

-4.20

%) $

-9.62

Current Price

$

219.34

Why this matters for Bloom Energy Deploying fuel cells at data centers is a massive opportunity for Bloom Energy. Power demand by U.S. AI data centers alone could top 100 GW by 2035.

However, the overall opportunity is much larger for Bloom as the AI infrastructure megatrend extends well beyond data centers. Advanced manufacturing facilities, such as MiTEC's AI server campus, also face the same power, timing, and water constraints. Those are issues Bloom Energy's onsite power solutions address. That's adding another growth engine for the company.

Non-data-center AI infrastructure power is still a small part of Bloom's business and will remain in the shadows of that massive opportunity. However, the expansion of its partnership with MiTAC indicates that the total addressable market for Bloom's fuel cells is much larger.

Bloom is becoming the standard for AI on-site power The data center power boom will continue to dominate the headlines in the coming years as developers ink deals for all forms of electricity. However, when it comes to providing rapidly deployable power solutions, Bloom's fuel cells are becoming the standard for on-site power for companies building AI data centers and AI hardware. Bloom's ability to quietly cash in on the even larger AI infrastructure power story enhances the long-term investment thesis.

Matt DiLallo has positions in Brookfield Asset Management and has the following options: short August 2026 $150 puts on Bloom Energy. The Motley Fool has positions in and recommends Bloom Energy, Brookfield Asset Management, and Oracle. The Motley Fool has a disclosure policy.

Seadrill (SDRL - Free Report) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to a loss of $0.68 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +62.07%. A quarter ago, it was expected that this offshore drilling services provider would post a loss of $0.1 per share when it actually produced a loss of $0.11, delivering a surprise of -10%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Seadrill, which belongs to the Zacks Oil and Gas - Drilling industry, posted revenues of $449 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 16.32%. This compares to year-ago revenues of $377 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.

Seadrill shares have added about 25% since the beginning of the year versus the S&P 500's gain of 13.3%.

What's Next for Seadrill?While Seadrill 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 Seadrill 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 $0.14 on $370.5 million in revenues for the coming quarter and $0.37 on $1.48 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, Oil and Gas - Drilling is currently in the bottom 34% 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, Borr Drilling (BORR - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 11.

This oilfield services company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of -178.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Borr Drilling's revenues are expected to be $249 million, down 7% from the year-ago quarter.

, /PRNewswire/ -- The Mosaic Company (NYSE: MOS) ("Mosaic") today announced that it has commenced cash tender offers (collectively, the "Offers") to purchase the outstanding notes described below, in each case upon the terms and subject to the conditions set forth in the Offer to Purchase dated August 10, 2026 (the "Offer to Purchase").

The Notes offered to be purchased in the Offers, in the order of acceptance priority, are the 4.050% Senior Notes due 2027; 7.30% Debentures due 2028; 5.375% Senior Notes due 2028 and 4.350% Senior Notes due 2029 (collectively, the "Notes") for the consideration described below, up to an aggregate purchase price, excluding the Accrued Coupon Payment (as defined below), of $1,400,000,000 (the "Tender Cap") subject to proration and the application of the Acceptance Priority Levels set forth in the table below and as further set forth in the Offer to Purchase and the terms and conditions, including, among others, a $150,000,000 cap on the aggregate consideration to be paid to purchase the 4.350% Senior Notes due 2029 (the "2029 Notes") pursuant to the Offers (the "Series Cap") and the Acceptance Priority Procedures set forth in the Offer to Purchase. The 2029 Notes may be subject to proration both due to the Acceptance Priority Procedures and the Series Cap such that Mosaic will only accept for purchase the 2029 Notes for aggregate consideration up to the Series Cap. Subject to applicable law, Mosaic may, but is under no obligation to, eliminate, increase or decrease the Tender Cap and/or the Series Cap at any time prior to the Expiration Date. In the event proration is required with respect to a Series of Notes, Mosaic will multiply the principal amount of each valid tender of such Series of Notes by the applicable proration rate and round the resulting amount down to the nearest integral multiple of the Minimum Denomination, in order to determine the principal amount of such tender that will be accepted pursuant to the applicable Offer. The excess principal amount of Notes not accepted from the tendering Holders will be promptly returned to such Holders, and if this excess principal amount of Notes is less than $1,000, Mosaic may either accept or reject all such tendering Holders' validly tendered Notes in its sole discretion. Additionally, Mosaic may increase the amount of Notes accepted for payment in the Offers by no more than 2% of the outstanding Notes of the applicable Series, as further described in the Acceptance Priority Procedures set forth below, without amending or extending the Offer, and may also increase or decrease the percentage of the Notes accepted for payment in the Offer (including by more than 2% of the outstanding Notes of the applicable Series) by a press release or other public announcement that is widely disseminated by no later than 9:00 a.m. (New York City time), on the third business day before the scheduled Expiration Date. Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase. 

Series of
Notes

Issuer

CUSIP/ISIN
Number(1)

Aggregate
Principal
Amount
Outstanding

Series Cap

Acceptance
Priority
Level(2)

Par Call
Date

Maturity
Date

Reference
Security

Bloomberg
Reference
Page

Fixed
Spread
(Basis
Points)

4.050%
Senior Notes
due 2027

The Mosaic
Company

61945CAG8 /
US61945CAG87

$700,000,000

N/A

1

August
15, 2027

November
15, 2027

4.125% UST
due
11/15/2027

FIT 4

+20

7.30%
Debentures
due 2028

Mosaic
Global
Holdings,
Inc.

449669AK6 /
US449669AK64

$147,100,000

N/A

2

N/A

January
15, 2028

4.250% UST
due
01/15/2028

FIT 4

+35

5.375%
Senior Notes
due 2028

The Mosaic
Company

61945CAH6 /
US61945CAH60

$400,000,000

N/A

3

October
15, 2028

November
15, 2028

4.250% UST
due
07/31/2028

FIT 1

+35

4.350%
Senior Notes
due 2029 

The Mosaic
Company

61945CAJ2 /
US61945CAJ27

$500,000,000

$150,000,000

4

December
15, 2028

January
15, 2029

4.125% UST
due
07/15/2029

FIT 1

+40

(1)

No representation is made as to the correctness or accuracy of the CUSIP or ISIN numbers listed above.

(2)

Subject to the satisfaction or waiver of Mosaic of the conditions of the Offers described in the Offer to Purchase and subject to the Tender Cap and the Series Cap, Mosaic will accept Notes for purchase in the order of their respective Acceptance Priority Level specified in this table (with 1 being the highest Acceptance Priority Level and 4 being the lowest Acceptance Priority Level.)

The "Total Consideration" for each Series of Notes payable per each $1,000 principal amount of such Series of Notes validly tendered for purchase will be based on the applicable Fixed Spread for such Series of Notes, plus the Reference Yield based on the applicable Reference Security as quoted on the applicable Bloomberg Reference Page as of 2:00 p.m., New York City time, on August 14, 2026, unless extended by Mosaic with respect to the applicable Offer (such date and time with respect to an Offer, as the same may be extended by Mosaic with respect to such Offer, the "Price Determination Date"). Unless extended with respect to any Offer, promptly after the Price Determination Date, Mosaic will announce in a press release, among other things, the Total Consideration applicable to each Series of Notes accepted for purchase. In addition to the applicable Total Consideration, Holders whose Notes are accepted for purchase pursuant to an Offer will receive accrued and unpaid interest on those Notes from the last interest payment date with respect to those Notes to, but excluding, the Settlement Date (the "Accrued Interest," and the payment thereof, the "Accrued Coupon Payment"). 

The Offers are scheduled to expire on the Expiration Date, which is 5:00 p.m., New York City time, on August 14, 2026, unless extended or earlier terminated by Mosaic with respect to any Offer. Tenders of Notes of a Series may be validly withdrawn at any time at or prior to 5:00 p.m., New York City time, on August 14, 2026, but, except as provided in the Offer to Purchase or required by applicable law, may not be validly withdrawn thereafter.

The "Settlement Date" will be the second business day after the Expiration Date and is expected to be August 18, 2026.

The Offers are subject to certain conditions as described in the Offer to Purchase, including the Financing Condition, pursuant to which Mosaic shall have completed a proposed registered public offering (the "New Notes Offering") of new series of senior notes on terms and conditions satisfactory to Mosaic that results in its receipt of net proceeds that are sufficient to pay the Total Consideration for all Notes validly tendered (and not validly withdrawn) and accepted for purchase by Mosaic in the Offers, plus the total Accrued Coupon Payments.

In no event will the information contained in this press release regarding the New Notes Offering constitute an offer to sell or a solicitation of an offer to buy any New Notes. If any condition is not satisfied, Mosaic is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered Notes, in each case subject to applicable law, and may terminate or alter any or all of the Offers. The Offers are not contingent upon the tender of any aggregate minimum principal amount of Notes of any Series (subject to minimum denomination requirements as set forth in the Offer to Purchase), and none of the Offers is conditioned on the consummation of any of the other Offers by Mosaic.

Mosaic has retained Citigroup Global Markets Inc., BMO Capital Markets Corp. and U.S. Bancorp Investments, Inc. to act as dealer managers (the "Dealer Managers") for the Offers. Global Bondholder Services Corporation will act as the Tender and Information Agent for the Offers. For additional information, please contact: Citigroup Global Markets Inc. at +1 (800) 558-3745 (toll-free) or +1 (212) 723-6106 (collect), BMO Capital Markets Corp. at +1(833) 418-0762 (toll-free), +1 (212) 702-1840 (collect), or U.S. Bancorp Investments, Inc at +1 (800) 479-3441 (toll-free), +1 (917) 558-2756 (collect) or by email at [email protected]. Requests for documents and questions regarding the tendering of Notes may be directed to Global Bondholder Services Corporation by telephone at (212) 430-3774 (for banks and brokers only) and (855) 654-2015 (for all others toll-free) or to the Dealer Managers at their respective telephone numbers. Copies of the Offer to Purchase are available at: https://www.gbsc-usa.com/mosaic/. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

Holders of Notes are advised to check with each bank, securities broker or other intermediary through which they hold Notes as to when such intermediary would need to receive instructions from a beneficial owner in order for that Holder to be able to participate in, or withdraw their instruction to participate in the Offers before the deadlines specified herein and in the Offer to Purchase. The deadlines set by any such intermediary and DTC for the submission and withdrawal of tender instructions may be earlier than the relevant deadlines specified herein and in the Offer to Purchase.

This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes or any other securities. The Offers are made only by and pursuant to the terms of the Offer to Purchase and only to such persons and in such jurisdictions as is permitted under applicable law. The information in this press release is qualified by reference to the Offer to Purchase. None of Mosaic, the Dealer Managers or the Tender and Information Agent makes any recommendation as to whether Holders should tender their Notes pursuant to the Offers. Holders must make their own decisions as to whether to tender Notes, and, if so, the principal amount of Notes to tender.

Forward-Looking Statements

This release includes forward-looking statements, including with respect to the New Notes Offering. Forward-looking statements are based on the views and assumptions of management as of the date of this release. They are subject to known and unknown risks and uncertainties. These risks include, but are not limited to: market conditions, regulatory and environmental requirements, operational risks, commodity price volatility, labor matters, completion and timing of potential transactions, accounting determinations, and other risks and uncertainties described in Mosaic's reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements. Mosaic assumes no obligation to update any forward-looking statements.

About The Mosaic Company

The Mosaic Company (NYSE: MOS) helps the world grow the food it needs. Headquartered in Tampa, Florida, Mosaic is a leading producer and marketer of potash and phosphate fertilizer which are essential inputs for the world's farmers. Through the Mosaic Biosciences platform, the company is advancing the next generation of biological solutions designed to improve nutrient use efficiency, strengthen crop performance, and support more sustainable agricultural systems. As a Fortune 500 company with 13,000 employees serving customers in more than 40 countries, Mosaic is helping build resilient and productive food systems for the future.

SOURCE The Mosaic Company

Silver (XAG/USD) struggles to extend its gains on Monday following last week’s strong breakout as traders assess the Federal Reserve’s (Fed) interest rate outlook amid risks on both sides of its dual mandate. The United States (US) labour market is showing signs of weakness, while inflation risks remain tilted to the upside. At the time of writing, XAG/USD trades around $64, with the $65 psychological mark acting as a firm ceiling.

The white metal climbed to its highest level since June 23 last week after weaker-than-expected US Nonfarm Payrolls (NFP) data prompted traders to scale back expectations for a September Fed rate hike. According to the CME FedWatch Tool, the probability of a rate hike now stands below 50%.

Meanwhile, uncertainty over the reopening of the Strait of Hormuz keeps energy-driven inflation risks in focus, even as Iran and Oman say they are close to finalising an agreement.

Traders now await Wednesday’s US Consumer Price Index (CPI) data, which could provide the next major catalyst and determine whether Silver breaks above $65 or loses momentum. A softer-than-expected reading could further reduce Fed rate hike bets and support the non-yielding metal. Conversely, hotter inflation could revive expectations for a rate increase.

Technical analysis

XAG/USD is in recovery mode after forming a double-bottom pattern near the $55 region and reclaiming the 21-day and 50-day Simple Moving Averages (SMAs). The latest leg higher pushed Silver toward $65, a level that previously acted as support but has now turned into resistance, capping immediate upside attempts.

Momentum indicators support the bullish outlook. The Relative Strength Index (RSI) on the daily chart holds around 61, while the positive and expanding Moving Average Convergence Divergence (MACD) histogram suggests the recovery is gaining strength. A decisive daily close above $65 would expose the 100-day SMA near $69, with the $75 level emerging as the next major hurdle.

On the downside, the 50-day SMA near $62 offers initial support, followed by the 21-day SMA around $59. A break below the latter would weaken the recovery and bring the $55 double-bottom region back into focus.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

Aug 10 (Reuters) - Sensing-systems maker Teledyne ‌Technologies (TDY.N), opens new tab agreed to acquire Varex Imaging (VREX.O), opens new tab for $18.90 per share in an all-cash transaction valued at approximately $1.1 billion, the companies said on Monday.

Shares of X-ray ​imaging components maker Varex jumped nearly 50% before ​the bell.

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The transaction that is expected to close in ⁠early 2027 would broaden Teledyne's healthcare portfolio, which includes ​imaging and sensing technologies for medical, dental and life science ​applications, supporting diagnosis, treatment and clinical research.

"Our X-ray technologies fit naturally alongside Teledyne's product portfolio, and its resources will help us accelerate adoption ​of our advanced imaging solutions and development of the ​next generation of products," said Varex CEO Sunny Sanyal.

Salt Lake City-based Varex's ‌X-ray ⁠imaging components are used in medical diagnostic imaging, security inspection systems and quality inspection systems, as well as for analysis and measurement applications in industrial manufacturing applications.

The company posted ​third-quarter profit ​above Wall Street ⁠estimates on Monday as it recovered tariff-related costs while reeling from supply chain disruptions ​and China destocking trends.

"The quarter also included the ​recovery ⁠of tariffs that had increased our product costs in prior periods. We generated $21 million of operating cash flow," Sanyal said.

Quarterly ⁠adjusted ​profit came in at 31 cents ​per share, 10 cents ahead of analysts' expectation, according to data compiled by ​LSEG.

Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Joyjeet Das

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Labcorp's FDA‑approved PGDx elio® tissue complete CDx helps identify advanced melanoma patients with certain BRAF variants eligible for BRAF and BRAF/MEK inhibitor therapies Supports access to targeted treatment options for the deadliest form of skin cancer , /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, today announced that the U.S. Food and Drug Administration (FDA) has approved Labcorp's PGDx elio® tissue complete CDx as a companion diagnostic to help identify patients with advanced melanoma with certain BRAF variants who may benefit from treatment with FDA-approved targeted therapiesi.

Addressing a Critical Need in Advanced Melanoma
Melanoma is the deadliest form of skin cancer, with a five‑year survival rate of just 16% for patients diagnosed with stage IV disease. However, targeted therapies are an important treatment option for patients with advanced melanoma whose tumors have a BRAF alteration. As a companion diagnostic, PGDx elio tissue complete CDx helps clinicians identify which melanoma patients carry these BRAF V600E/K variants and may benefit from treatment with FDA-approved BRAF inhibitors and BRAF/MEK inhibitor combination regimens.

"Advanced melanoma is an extremely aggressive and life‑threatening cancer, but targeted treatments are offering real hope for patients," said Shakti Ramkissoon, M.D., Ph.D., vice president, medical lead for oncology at Labcorp. "Labcorp's FDA‑approved companion diagnostic improves access to these therapies by allowing clinicians to confirm which patients may be eligible for and can start receiving those treatments as soon as possible."

A Comprehensive and Scalable Testing Solution
Labcorp's PGDx elio tissue complete CDx is approved for use by qualified healthcare professionals across hospitals and clinical laboratories, supporting broader patient access to high-quality molecular testing. As a kit-based solution, the companion diagnostic can be implemented directly within hospitals and health systems, expanding access to testing while enabling organizations to retain samples and data that may inform future clinical research.

The addition of Labcorp's PGDx elio tissue complete CDx reflects the continued expansion of Labcorp's precision medicine portfolio, which includes comprehensive tissue- and liquid-based oncology diagnostics designed to support personalized care. For more information about PGDx elio tissue complete or Labcorp's oncology solutions, visit https://www.labcorp.com/oncology/providers/testing-solutions/kitted-solutions/pgdx-elio-tissue-complete-cdx.

About Labcorp
Labcorp (NYSE: LH) is a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. We provide insights and advance science to improve health and improve lives through our unparalleled diagnostics and drug development laboratory capabilities. The company's nearly 71,000 employees serve clients in approximately 100 countries, provided support for more than 85% of the new drugs and therapeutic products approved by the FDA in 2025 and performed more than 750 million tests for patients around the world. Learn more at www.labcorp.com.

iPGDx elio tissue complete CDx is a qualitative next generation sequencing-based in vitro diagnostic device that uses a high-throughput hybridization-based capture technology utilizing DNA isolated from formalin-fixed paraffin embedded tumor tissue. The PGDx elio tissue complete CDx targeted panel can detect single nucleotide variants, small insertions and deletions, copy number amplifications, and translocations. It is intended to be used as a companion diagnostic to identify melanoma patients who may benefit from treatment with targeted therapies listed below in accordance with the approved therapeutic product labeling.

PGDx elio tissue complete CDx Indications
Indication: Melanoma
Biomarker: BRAF V600E/ BRAF V600K
Therapy: BRAF inhibitors approved by FDA or BRAF/MEK inhibitor combinations approved by FDA

SOURCE Labcorp

, /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) (the "Company") today announced that it has commenced tender offers to purchase for cash the debt securities issued by the Company referred to below (collectively, the "Notes," and each a "Series"), in each case upon the terms and subject to the conditions set forth in the Offer to Purchase dated August 10, 2026 (the "Offer to Purchase"). The Company is making the Tender Offers as a balanced capital allocation strategy intended to grow the long-term earnings of the Company.

Series of
Notes

CUSIP/ISIN
Number(1)

Aggregate
Principal
Amount
Outstanding

Offer Sub
Cap(2)

Acceptance
Priority
Level(3)

Maturity
Date /
Par Call
Date

Reference
Security

Bloomberg
Reference
Page

Fixed
Spread
(Basis
Points)

7.125%
Senior
Notes due
2029 (Any
and All
Offer)

099724 AC0 /
US099724AC03

$120,685,000

N/A

N/A

February
15, 2029
/ N/A

3.500%
UST due
2/15/2029

FIT 5

+25

4.375% 
Senior
Notes due
2045

099724 AH9 /
US099724AH99

$500,000,000

N/A

1

March 15,
2045 /
September
15, 2044

5.000%
UST due
5/15/2046

FIT 1

+65

5.400% 
Senior
Notes due
2034

099724 AQ9 /
US099724AQ98

$500,000,000

N/A

2

August
15, 2034
/ May 15,
2034

4.375%
UST due
5/15/2036

FIT 1

+40

4.950% 
Senior
Notes due
2029

099724 AP1 /
US099724AP16

$500,000,000

N/A

3

August
15, 2029
/ July 15,
2029

4.125%
UST due
7/15/2029

FIT 1

+30

2.650% 
Senior
Notes due
2027 

099724 AL0 /
US099724AL02

$1,100,000,000

$250,000,000

4

July 1,
2027 /
May 1,
2027

3.750%
UST due
6/30/2027

FIT 3

+20

_________________

(1)

No representation is made as to the correctness or accuracy of the CUSIP or ISIN numbers listed above.

(2)

The Offer Sub Cap (as defined below) represents the maximum aggregate principal amount of Waterfall Notes of such series to be purchased pursuant to the Offers.

(3)

Subject to the satisfaction or waiver by the Company of the conditions of the Offers described in the Offer to Purchase, the Company will accept Waterfall Notes for purchase in the order of their respective Acceptance Priority Level specified in this table (each, an "Acceptance Priority Level," with 1 being the highest Acceptance Priority Level and 4 being the lowest Acceptance Priority Level).

The Tender Offers consist of offers to purchase for cash (i) any and all of the Company's outstanding 7.125% Senior Notes due 2029 (the "7.125% Notes" and the "Any and All Offer") for the Tender Consideration and (ii) four separate offers, one for each Series of Notes set forth in the table above (other than the 7.125% Notes) (the "Waterfall Notes") (each, an "Offer" and, collectively, the "Offers," and together with the Any and All Offer, a "Tender Offer" and, collectively, the "Tender Offers") for aggregate Tender Consideration of up to $720,000,000 (the "Waterfall Cap"), excluding the Accrued Interest Payment (as defined below), subject to the proration and the application of the Acceptance Priority Levels set forth in the table above and as further set forth in the Offer to Purchase and the terms and conditions, including, among others, a cap of $250,000,000 (the "Sub Cap") on the maximum aggregate principal amount of the 2.650% Senior Notes due 2027 (the "2.650% Notes") to be purchased pursuant to the Offer. The Company may, but is under no obligation to, increase the Waterfall Cap or the Sub Cap. Additionally, the Company may increase the amount of Waterfall Notes accepted for payment in the Offers by no more than 2% of the outstanding Waterfall Notes of the applicable Series, as further described in the Acceptance Priority Procedures set forth in the Offer to Purchase, without amending or extending the Offer. In the event proration is required with respect to a Series of Waterfall Notes, the Company will multiply the principal amount of each valid tender of such Series of Waterfall Notes by the applicable proration rate and round the resulting amount down to the nearest integral multiple of $1,000, in order to determine the principal amount of such tender that will be accepted pursuant to the applicable Offer. The Offer to Purchase and any related documents are referred to herein collectively as the "Tender Offer Documents." Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

On August 10, 2026, the Company intends to deliver to The Bank of New York Mellon ("BNY," as successor in interest to The First National Bank of Chicago and as trustee of the 7.125% Notes) a notice of redemption to redeem on September 9, 2026 (the "Redemption Date") all of the 7.125% Notes that remain outstanding following the Any and All Offer, to the extent the Company purchases less than all of the 7.125% Notes in the Any and All Offer, in accordance with the terms of the Indenture, dated February 15, 1999 (the "7.125% Notes Indenture"), between the Company (f/k/a Borg-Warner Automotive, Inc.) and BNY, at a make-whole redemption price pursuant to the 7.125% Notes Indenture plus accrued and unpaid interest to, but not including, the Redemption Date.

The "Tender Consideration" for each Series of Notes payable per each $1,000 principal amount of such Series of Notes validly tendered for purchase will be based on the applicable Fixed Spread for such Series of Notes, plus the Reference Yield based on the applicable Reference Security as quoted on the applicable Bloomberg Reference Page as of 3:00 p.m., New York City time, on August 14, 2026 (the "Price Determination Date"). Unless extended with respect to any Offer, promptly after the Price Determination Date, the Company will announce in a press release, among other things, the Tender Consideration applicable to each Series of Notes accepted for purchase. Holders must validly tender (and not validly withdraw) their Notes at or prior to the Expiration Date (as defined below) to receive the Tender Consideration. The formula for determining the Tender Consideration is set forth on Annex A to the Offer to Purchase. See "The Tender Offers—Tender Consideration" of the Offer to Purchase.

In addition to the Tender Consideration, all Holders whose Notes are accepted for purchase pursuant to a Tender Offer will, on the Settlement Date, also receive accrued and unpaid interest on those Notes from the last interest payment date with respect to those Notes to, but excluding, the Settlement Date (the "Accrued Interest," and the payment thereof, the "Accrued Interest Payment").

The Tender Offers will expire at 5:00 p.m., New York City time, on August 14, 2026 (such time and date, as it may be extended, the "Expiration Date"), unless extended or earlier terminated by the Company. The Notes tendered may be withdrawn at any time at or prior to the Expiration Date by following the procedures described in the Offer to Purchase.

The "Settlement Date" will be the second business day after the Expiration Date and is expected to be August 18, 2026.

The Company's obligation to accept for purchase and to pay for Notes of each series validly tendered and not validly withdrawn pursuant to the Tender Offers is subject to the satisfaction or waiver, in the Company's discretion, of certain conditions, which are more fully described in the Offer to Purchase. If any condition is not satisfied, the Company is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered Notes, in each case subject to applicable law, and may terminate or alter any or all of the Tender Offers. Subject to applicable law, the Company reserves the right to (i) waive any and all conditions to the any or all of the Tender Offers, (ii) extend or terminate the Any and All Offer or the Offers, including the Expiration Date, or (iii) otherwise amend any of the Tender Offers. The Tender Offers are not contingent upon the tender of any aggregate minimum principal amount of Notes of any Series (subject to minimum denomination requirements as set forth in the Offer to Purchase), and none of the Tender Offers is conditioned on the consummation of any of the other Tender Offers by the Company. The complete terms and conditions of the Tender Offers are set forth in the Tender Offer Documents. Holders of Notes are urged to read the Tender Offer Documents carefully.

Information Relating to the Tender Offers

The Offer to Purchase is being distributed to holders beginning today. Barclays Capital Inc. and PNC Capital Markets LLC are the dealer managers for the Tender Offers. Investors with questions regarding the Tender Offers may contact Barclays Capital Inc. at (212) 528-7581 or toll-free at (800) 438-3242, or email [email protected], or PNC Capital Markets LLC at (212) 878-8946 or toll-free at (833) 715-3537, or email [email protected]. Global Bondholder Services Corporation is the tender and information agent for the Tender Offers and can be contacted at (212) 430-3774 or toll-free at (855) 654-2015. The Offer to Purchase may be accessed at the following web address: https://www.gbsc-usa.com/borgwarner/. 

Holders of Notes are advised to check with each bank, securities broker or other intermediary through which they hold Notes as to when such intermediary would need to receive instructions from a beneficial owner in order for that Holder to be able to participate in, or withdraw their instruction to participate in the Offers before the deadlines specified herein and in the Offer to Purchase. The deadlines set by any such intermediary and The Depositary Trust Company for the submission and withdrawal of tender instructions may be earlier than the relevant deadlines specified herein and in the Offer to Purchase.

None of the Company, the dealer managers, the tender and information agent, the trustees or any of their respective directors, officers, employees or affiliates makes any recommendation as to whether holders should tender Notes of a series in response to the Tender Offers. Each holder must make his, her or its own decision as to whether to tender Notes and, if so, as to what principal amount of Notes to tender.

This press release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. The Tender Offers are being made only pursuant to the Offer to Purchase and only to such persons and in such jurisdictions as is permitted under applicable law.

About BorgWarner

For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. With a focus on sustainability, we're helping to build a cleaner, healthier, safer future for all.

Forward-Looking Statements

This release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "guidance," "initiative," "intends," "may," "outlook," "plans," "potential," "predicts," "project," "pursue," "seek," "should," "target," "when," "will," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. Further, all statements, other than statements of historical fact, contained or incorporated by reference in this release that we expect or anticipate will or may occur in the future regarding our financial position, including our guidance for full year 2026, our business strategy and measures to implement that strategy, including changes to operations, competitive strengths, goals, expansion and profitable growth of our business and operations, plans, references to future success, including the anticipated benefits of our new business awards and other such matters, are forward looking statements. Accounting estimates, such as those described under the heading "Critical Accounting Policies and Estimates" in Item 7 of our most recently filed Annual Report on Form 10-K ("Form 10-K"), are inherently forward-looking. All forward-looking statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate under the circumstances. Forward-looking statements are not guarantees of performance, and the Company's actual results may differ materially from those expressed, projected or implied in or by the forward-looking statements.

You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: the success of our portfolio strategy; supply disruptions impacting us or our customers, commodity availability and pricing and an inability to achieve expected levels of recoverability in commercial negotiations with customers concerning these costs; conditions in the automotive industry; competitive challenges from existing and new competitors, including original equipment manufacturer ("OEM") customers; the challenges associated with rapidly changing technologies, including artificial intelligence, and our ability to innovate in response; the difficulty in forecasting demand for electric vehicles and our electric vehicles revenue growth; potential future changes in laws and regulations, including, by way of example, taxes and tariffs, in the countries in which we operate; potential disruptions in the global economy caused by wars or other geopolitical conflicts; the ability to identify targets and consummate acquisitions on acceptable terms; failure to realize the expected benefits of acquisitions on a timely basis; the possibility that our 2023 tax-free spin-off of our former Fuel Systems and Aftermarket segments into a separate publicly traded company will not achieve its intended tax benefits; the failure to promptly and effectively integrate acquired businesses; the potential for unknown or inestimable liabilities relating to the acquired businesses; impacts of our exit of the charging business; our dependence on automotive and truck production, which is highly cyclical and subject to disruptions; our reliance on major OEM customers; impacts of any future strikes involving any of our OEM customers and any actions such OEM customers take in response; fluctuations in interest rates and foreign currency exchange rates; our dependence on information systems; the uncertainty of the global economic environment; the uncertainty surrounding global trade policies, including tariffs and export restrictions and their impact on the Company, its customers and its suppliers; the outcome of existing or any future legal proceedings, including litigation with respect to various claims, or governmental investigations, including related litigation; impacts from any potential future acquisition or disposition transactions; and the other risks discussed in reports that we file with the Securities and Exchange Commission, including in Item 1A. "Risk Factors" in our most recently filed Annual Report on Form 10-K and/or Quarterly Report on Form 10-Q. We do not undertake any obligation to update or announce publicly any updates to or revisions to any of the forward-looking statements in this release to reflect any change in our expectations or any change in events, conditions, circumstances, or assumptions underlying the statements.

SOURCE BorgWarner

HomeEarnings AnalysisIndustrial 

SummaryArmstrong World Industries is reiterated as a buy, driven by positive Mineral Fiber volume, robust Architectural Specialties growth, and improving office activity.Q2 revenue rose 11.2% y/y to $472M, with management raising FY2026 revenue guidance to $1.77–$1.80B, though margin pressure persists from recent acquisitions.Growth initiatives like Kanopi and ProjectWorks are gaining traction, targeting above-market Mineral Fiber volume and earlier project specification to boost win rates.Key monitoring points for AWI are conversion of initiatives to P&L impact, margin improvement in acquired businesses, and managing cost pressures, especially freight inflation.Maskot/DigitalVision via Getty Images

Investment action I previously gave Armstrong World Industries (AWI) a buy because of the positive Mineral Fiber volume, Architectural Specialties [AS] growth, and improving office activity. I am reiterating my buy. If AWI can sustain positive Mineral Fiber volume, convert strong

505 Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Hims & Hers Health, Inc. (NYSE:HIMS) will release its second quarter earnings report after the closing bell on Monday, Aug. 10.

Analysts expect the San Francisco, California-based company to report a quarterly loss of 5 cents per share, versus earnings of 17 cents per share in the year-ago period. The consensus estimate for Hims & Hers Health’s quarterly revenue is $730.12 million. It reported $544.83 million last year, according to Benzinga Pro.

On July 23, an Food and Drug Administration advisory panel voted to place the BPC-157 peptide on an allowed pharmacy compounding list.

Hims & Hers Health shares gained 6.5% to close at $31.59 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

B of A Securities analyst Allen Lutz maintained a Neutral rating and raised the price target from $36 to $37 on July 9, 2026. This analyst has an accuracy rate of 56%. Canaccord Genuity analyst Maria Ripps maintained a Buy rating and boosted the price target from $32 to $40 on July 1, 2026. This analyst has an accuracy rate of 69%. Barclays analyst Glen Santangelo maintained an Overweight rating and boosted the price target from $29 to $39 on June 18, 2026. This analyst has an accuracy rate of 56%. JP Morgan analyst Cory Carpenter maintained an Overweight rating and cut the price target from $35 to $33 on May 12, 2026. This analyst has an accuracy rate of 53%. BTIG analyst David Larsen maintained a Neutral rating on May 12, 2026. This analyst has an accuracy rate of 58%. Considering buying HIMS stock? Here’s what analysts think:

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Summary:

EUR/USD holds near 1.1555 as the euro retains much of its recent advance against the US Dollar. Eurozone Sentix Investor Confidence jumped to +0.9 in August from -3.1, returning to positive territory and adding to signs of improving sentiment across the bloc. Weak US payrolls remain a major drag on the Dollar, while 1.1600 is emerging as the key resistance level for EUR/USD. EUR/USD held above 1.1550 on Monday, extending the recovery that gathered pace following last week’s surprisingly weak US employment report. The pair was trading near 1.1555 at the time of writing, keeping it close to recent highs as investors reassessed the outlook for the Federal Reserve and the US Dollar.

The euro received an additional boost from fresh Eurozone data after the Sentix Investor Confidence Index beat expectations in August and returned to positive territory. The improvement gives EUR/USD another source of support beyond Dollar weakness and comes as traders assess whether the Eurozone economy is entering the second half of 2026 on firmer footing.

Eurozone Sentix Investor Confidence Beats Expectations Eurozone investor sentiment improved more sharply than expected in August, with the Sentix Investor Confidence Index rising to +0.9 from -3.1 in July. The return to positive territory represents a notable improvement in investor perceptions of the region’s economic outlook after sentiment remained below zero in the previous month.

For the euro, the timing of the improvement is particularly relevant. EUR/USD’s recent recovery has been driven largely by a repricing of US interest-rate expectations following disappointing American economic data. An improvement in Eurozone sentiment gives the single currency a domestic catalyst of its own and reduces the extent to which its recovery depends entirely on weakness in the Dollar.

The Sentix report is not normally as influential for EUR/USD as inflation figures or European Central Bank policy decisions, but the positive surprise adds to evidence that confidence in the Eurozone economy is stabilizing. If upcoming European indicators reinforce that picture, expectations for a widening economic-performance gap between the US and Eurozone could continue to ease.

Weak US Jobs Report Keeps EUR/USD Buyers in Control The main catalyst behind the latest EUR/USD rally remains the sharp deterioration in the headline US employment figures. US Nonfarm Payrolls fell by 23,000 in July, delivering a much weaker result than markets had anticipated. Government employment accounted for a significant part of the decline, while private-sector employment remained positive, preventing the report from pointing to an outright collapse in hiring.

The unemployment rate also complicated the picture by unexpectedly falling to 4.1% from 4.2%. However, the decline was accompanied by weaker labor-force participation, limiting how positively markets could interpret the lower jobless rate.

For currency traders, the broader implication is that the Federal Reserve now faces greater uncertainty over how long restrictive monetary policy can be maintained if labor-market conditions continue to deteriorate. Expectations for further tightening have consequently softened, removing an important source of support for the US Dollar. That repricing has helped EUR/USD recover strongly from the 1.1350 region, with buyers pushing the pair back through 1.1500 and toward the 1.1600 psychological barrier.

US Inflation Data Could Decide the Dollar’s Next Move The next phase of the EUR/USD price forecast will depend heavily on whether upcoming US economic data confirms the softer picture presented by the July jobs report.

Inflation will be particularly important. Weak employment combined with easing price pressures would strengthen the argument against additional Federal Reserve tightening and could place renewed downward pressure on the Dollar. Such a combination would also give EUR/USD buyers a stronger fundamental case for challenging 1.1600 and potentially extending the recovery.

The alternative scenario is more complicated. If US inflation remains stubbornly elevated, the Fed could have less room to respond to weaker employment conditions. That would leave markets balancing deteriorating growth indicators against persistent inflation, potentially restoring some support for US Treasury yields and the Dollar. EUR/USD therefore enters the new week with momentum on its side, but the durability of the rally will increasingly depend on whether upcoming US releases validate the market’s more cautious Fed expectations.

EUR/USD Outlook The EUR/USD outlook remains cautiously bullish above 1.1500, supported by weaker US employment data, reduced expectations for additional Fed tightening and the unexpectedly strong Eurozone Sentix Investor Confidence reading.

A sustained move above 1.1600 would strengthen the bullish case and could open the door toward 1.1650. However, failure to clear 1.1580-1.1600, combined with a break below 1.1500, would suggest the post-NFP recovery is losing strength and could bring 1.1465 back into focus. For now, buyers retain the advantage, but 1.1600 remains the level EUR/USD must break to turn the current recovery into a more convincing bullish extension.

Why is EUR/USD rising today?

EUR/USD is holding near 1.1550 as the US Dollar remains under pressure following weak US Nonfarm Payrolls data. The euro also received support after the Eurozone Sentix Investor Confidence Index rose to +0.9 in August from -3.1, beating expectations.

What is the EUR/USD forecast for this week?

The EUR/USD outlook remains cautiously bullish while the pair holds above 1.1500. A break above 1.1600 could strengthen momentum toward 1.1650, while a drop below 1.1500 could expose 1.1465.

Is EUR/USD bullish or bearish?

The short-term EUR/USD trend remains bullish, although momentum is beginning to moderate near 1.1580-1.1600 resistance. Holding above 1.1500 would preserve the current bullish structure.

DALLAS, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Strive, Inc. (Nasdaq: ASST; SATA) (“Strive” or the “Company”) today announced its financial results for the second quarter ended June 30, 2026.

Key Highlights:

Acquired a total of 6,236 bitcoin during the second quarter ended June 30, 2026 and 12,237 bitcoin during the six months ended June 30, 2026. Achieved a Bitcoin Yield of 23.9% for the second quarter ended June 30, 2026 and 37.7% during the six months ended June 30, 2026. Acquired an additional 303 bitcoin during the period from July 1, 2026 through August 7, 2026.On June 16, 2026, began paying dividends on our Variable Rate Series A Perpetual Preferred Stock (the "SATA Stock") each business day. As of August 7, 2026, Strive has paid 44 consecutive dividends.Retired all outstanding short and long-term debt. As of August 7, 2026, the Company has no short or long-term debt outstanding.As of August 7, 2026, Strive's cash and cash equivalents totaled $154.9 million and our position in Variable Rate Series A Perpetual Preferred Stock of Strategy Inc. ("STRC Stock") had a fair value of $48.0 million. Strive had 75,649,368 and 9,792,535 shares of Class A common stock and Class B common stock, respectively, and 7,829,502 shares of SATA Stock outstanding as of August 7, 2026.GAAP net loss of $257.6 million, for the three months ended June 30, 2026. $234.0 million (94.1%) of the GAAP net loss was attributable to the fair market value decrease of the Company's bitcoin and STRC Stock holdings.Non-GAAP adjusted net loss attributable to common stockholders1 of $275.0 million, or $3.65 per diluted common share1, for the three months ended June 30, 2026. $234.0 million (85.1%) of the $275.0 million non-GAAP adjusted net loss attributable to common stockholders was attributable to the fair market value decrease in the Company's bitcoin and STRC Stock holdings and $26.2 million (9.5%) was attributable to dividends declared on SATA Stock. Non-GAAP adjusted net loss attributable to common stockholders subtracts non-recurring and non-cash items from GAAP net loss attributable to common stockholders.On August 10, 2026, launched an updated treasury dashboard at strive.com/treasury and website at strive.com to improve information to customers regarding our flagship product, SATA, as well as better reflect risk and valuation metrics to our common equity and preferred equity investors. "SATA became the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day on June 16, 2026, at a current annualized rate of 13.00%. We believe this zero-to-one innovation will fuel long-term accretive Bitcoin yield to our common equity shareholders," said Matthew Cole, Chairman & Chief Executive Officer of Strive, Inc. "Today, Strive stands debt-free, with zero margin requirements, and zero encumbered Bitcoin; a balance sheet purpose-built to thrive through Bitcoin volatility."

   (1) Non-GAAP adjusted net loss, non-GAAP adjusted net loss attributable to common stockholders, and non-GAAP adjusted net loss per diluted common share are non-GAAP measures. See page 5 for reconciliations of these non-GAAP financial measures to the most comparable GAAP financial measures. STRIVE, INC.
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(in thousands, except share and per share data)
  June 30,
2026 December 31,
2025 (unaudited) (audited)Assets:   Current assets:   Cash and cash equivalents$145,466  $67,499 Investments in preferred equity, at fair value 42,854   — Prepaid expenses 2,018   2,708 Other current assets 2,231   1,569     Total current assets 192,569   71,776 Digital assets, at fair value 1,164,639   668,486 Property and equipment, net 798   778 Intangible assets, net 14,982   355 Right-of-use lease assets 3,825   4,037 Other non-current assets 296   95     Total assets$1,377,109  $745,527     Liabilities:   Current liabilities:   Compensation and benefits payable$9,624  $164 Accounts payable and other liabilities 7,146   8,560 Dividends payable 8,492   2,053     Total current liabilities 25,262   10,777 Operating lease liabilities 3,319   3,512     Total liabilities 28,581   14,289     Mezzanine equity:   Variable Rate Series A Preferred Stock, $0.001 par value; 40,000,000 and 20,000,000 shares authorized, 7,829,502 and 2,012,729 shares issued and outstanding, $783.0 million and $201.3 million redemption value and liquidation preference as of June 30, 2026 and December 31, 2025, respectively 702,373   148,802     Total mezzanine equity 702,373   148,802     Stockholders’ equity:   Class A common stock, $0.001 par value; 22,200,000,000 shares authorized, 72,164,809 and 34,936,745 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 72   699 Class B common stock, $0.001 par value; 1,050,000,000 shares authorized, 9,780,018 and 9,776,540 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 10   196 Additional paid-in capital 1,683,299   1,055,595 Accumulated deficit (1,037,226)  (474,054)    Total stockholders’ equity 646,155   582,436     Total liabilities, mezzanine equity, and stockholders' equity$1,377,109  $745,527  STRIVE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
(unaudited)
  Successor  Predecessor Three Months Ended
June 30, 2026  Three Months Ended
June 30, 2025Revenues:    Investment advisory fees$1,512   $1,488 Medical device revenues 1,388    — Other revenue 41    23 Total revenues 2,941    1,511      Operating expenses:    Fund management and administration 1,489    1,588 Employee compensation and benefits 16,314    2,005 General and administrative expense 6,428    1,452 Marketing and advertising 79    102 Depreciation and amortization 86    54 Total operating expenses 24,396    5,201      Investment losses:    Net unrealized loss on digital assets, at fair value (228,031)   — Net unrealized loss on investments in preferred equity, at fair value (5,962)   — Other investment loss (2,801)   — Total investment losses (236,794)   —      Net operating loss (258,249)   (3,690)     Other income/(expense):    Other income 955    252 Interest expense on long-term notes payable, at fair value (40)   — Change in fair value on long-term notes payable, at fair value (299)   — Gain on extinguishment of debt 30    — Transaction costs —    (5,437)Total other income/(expense) 646    (5,185)     Net loss before income taxes (257,603)   (8,875)Income tax benefit/(expense) —    — Net loss$(257,603)  $(8,875)Dividends on preferred stock (26,209)   — Net loss attributable to common stockholders$(283,812)  $(8,875)     Weighted average number of common shares outstanding:    Basic (1) 75,275,806    2,300,998 Diluted (1) 75,275,806    2,300,998      Net loss per common share:    Basic (1)$(3.77)  $(3.86)Diluted (1)$(3.77)  $(3.86) (1) Basic and diluted earnings per common share for Class A and Class B common stock are the same.

 STRIVE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
(unaudited)
  Successor  Predecessor Six Months Ended
June 30, 2026  Six Months Ended
June 30, 2025Revenues:    Investment advisory fees$2,859   $2,904 Medical device revenues 2,758    — Other revenue 84    30 Total revenues 5,701    2,934      Operating expenses:    Fund management and administration 2,913    2,999 Employee compensation and benefits 29,367    4,071 General and administrative expense 12,366    3,358 Marketing and advertising 195    163 Depreciation and amortization 176    106 Total operating expenses 45,017    10,697      Investment losses:    Net unrealized loss on digital assets, at fair value (523,809)   — Net unrealized loss on investments in preferred equity, at fair value (5,472)   — Other investment loss (2,801)   — Total investment losses (532,082)   —      Net operating loss (571,398)   (7,763)     Other income/(expense):    Other income 1,481    576 Interest expense on long-term notes payable, at fair value (282)   — Change in fair value on long-term notes payable, at fair value (2,464)   — Loss on extinguishment of debt (8,431)   — Loss on change in fair value of bitcoin held as collateral under Coinbase Loan (2,594)   — Transaction costs (6,525)   (5,437)Bargain purchase gain 66,704    — Total other income/(expense) 47,889    (4,861)     Net loss before income taxes (523,509)   (12,624)Income tax benefit/(expense) —    — Net loss$(523,509)  $(12,624)Dividends on preferred stock (39,663)   — Net loss attributable to common stockholders$(563,172)  $(12,624)     Weighted average number of common shares outstanding:    Basic (1) 68,490,600    2,288,538 Diluted (1) 68,490,600    2,288,538      Net loss per common share:    Basic (1) (8.22)   (5.52)Diluted (1) (8.22)   (5.52) (1) Basic and diluted earnings per common share for Class A and Class B common stock are the same.

Non-GAAP Financial Measures

This press release contains certain non-GAAP financial measures, consisting of non-GAAP adjusted net income (loss), non-GAAP adjusted net income (loss) attributable to common stockholders and non-GAAP adjusted net income (loss) attributable to common stockholders per diluted common share. Non-GAAP financial measures are subject to material limitations as they are not measurements prepared in accordance with GAAP and are not a substitute for such measurements. Our non-GAAP financial measures are not meant to be considered in isolation and should be read only in conjunction with our consolidated financial statements, which have been prepared in accordance with GAAP. We rely primarily on such consolidated financial statements to understand, manage, and evaluate our business performance and use the non-GAAP financial measures as supplemental information. Reconciliations of reported GAAP historic measures to adjusted non-GAAP measures are included in the financial schedules contained in this press release.

Non-GAAP adjusted net income (loss)

Non-GAAP adjusted net income (loss), non-GAAP adjusted net income (loss) attributable to common stockholders, and the related non-GAAP adjusted net income (loss) per diluted common share excludes the impact of (i) share-based compensation expense, (ii) depreciation and amortization, (iii) change in fair value on long-term notes payable, at fair value, (iv) (gain)/loss on extinguishment of debt, (v) loss on change in fair value of bitcoin held as collateral under Coinbase Loan, (vi) transaction costs, (vii) bargain purchase gain, and (viii) other investment loss. We believe these measures offer management and investors insight as they exclude significant non-cash and/or non-recurring items. The following provides GAAP measures of net loss, net loss attributable to common stockholders, and net loss per diluted common share and the details with respect to reconciling the line items to non-GAAP adjusted net income (loss), non-GAAP adjusted net income (loss) attributable to common stockholders, and non-GAAP adjusted net income (loss) per diluted common share (all amounts in thousands, other than share and per share information):

 Three Months Ended Six Months Ended June 30, 2026  June 30, 2025 June 30, 2026  June 30, 2025 Successor  Predecessor Successor  PredecessorNet loss$(257,603)  $(8,875) $(523,509)  $(12,624)Share-based compensation expense 5,684    —   12,213    — Depreciation and amortization 86    54   176    106 Other investment loss 2,801    —   2,801    — Change in fair value on long-term notes payable, at fair value 299    —   2,464    — (Gain)/loss on extinguishment of debt (30)   —   8,431    — Loss on change in fair value of bitcoin held as collateral under Coinbase Loan —    —   2,594    — Transaction costs —    5,437   6,525    5,437 Bargain purchase gain —    —   (66,704)   — Non-GAAP adjusted net income (loss)$(248,763)  $(3,384) $(555,009)  $(7,081)Dividends on preferred stock (26,209)   —   (39,663)   — Non-GAAP adjusted net loss attributable to common stockholders$(274,972)  $(3,384) $(594,672)  $(7,081)          Weighted average number of diluted common shares outstanding 75,275,806    2,300,998   68,490,600    2,288,538 Net loss per diluted common share$(3.77)  $(3.86) $(8.22)  $(5.52)Non-GAAP adjusted net loss per diluted common share$(3.65)  $(1.47) $(8.68)  $(3.09)
Important Information About Other Metrics

Bitcoin Yield is a metric that represents the percentage change in bitcoin per share from the beginning of a period to the end of a period.

The Company uses Bitcoin Yield as a metric to help assess the performance of its strategy of acquiring bitcoin in a manner the Company believes is accretive to stockholders. The Company believes this metric can supplement investors’ understanding of how the Company chooses to fund bitcoin purchases and the value created in a period by measuring the percentage change in bitcoin per share from the beginning of a period to the end of a period, which helps investors assess how the Company’s achievement of its strategy of acquiring bitcoin in an accretive manner varies across periods.

When the Company uses this metric, management takes into account the various limitations of the metric, including that that it does not take into account that our assets, including our bitcoin, are subject to (i) all of our existing and future liabilities, including our debt, and (ii) the preferential rights of our preferred stockholders to dividends and our assets in a liquidation, and that all such claims rank senior to those of our common equity, and Bitcoin Yield is not, and should not be understood as a financial performance, valuation or liquidity measure. Specifically, Bitcoin Yield is not equivalent to “yield” in the traditional financial context. It is not a measure of the return on investment the Company’s stockholders may have achieved historically or can achieve in the future by purchasing stock of the Company, or a measure of income generated by the Company’s operations or its bitcoin holdings, return on investment on its bitcoin holdings, or any other similar financial measure of the performance of its business or assets.

The trading price of the Company’s Class A common stock is informed by numerous factors in addition to Company’s bitcoin holdings and its actual or potential shares of Class A common stock outstanding, and as a result, the trading price of the Company’s securities can deviate significantly from the market value of the Company’s bitcoin, and Bitcoin Yield is indicative or predictive of the trading price of the Company’s securities.

Investors should rely on the financial statements and other disclosures contained in the Company’s SEC filings. In particular, the Company has adopted Accounting Standards Update No. 2023-08, Intangibles-Goodwill and Other-Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets (“ASU 2023-08”), which requires that the Company measure its bitcoin at fair value in its statement of financial position as of the end of a reported period, and recognize gains losses from changes in the fair value in net income (loss) for the reported period. As a result, we may incur unrealized gain or loss on digital assets based on changes in the market price of bitcoin during a period, which would not be reflected in Bitcoin Yield.

As noted above, these metrics are narrow in their purpose and are used by management to assist it in assessing whether the Company is raising and deploying capital in a manner accretive to stockholders solely as it pertains to its bitcoin holdings.

In calculating this metric, the Company does not consider the source of capital used for the acquisition of its bitcoin. When the Company purchases bitcoin using proceeds from offerings of redeemable preferred stock, such transactions have the effect of increasing the Bitcoin Yield, while also increasing the Company’s senior claims of holders of instruments other than Class A common stock with respect to dividends and to the Company’s assets, including its bitcoin, in a manner that is not reflected in this metric.

If the Company elects to redeem or repurchase its non-convertible instruments or incurs indebtedness that subsequently matures, the Company may be required to sell shares of its Class A common stock or bitcoin to generate sufficient cash proceeds to satisfy those obligations, either of which would have the effect of decreasing Bitcoin Yield, and adjustments for such decreases are not contemplated by the assumptions made in calculating this metric. Accordingly, this metric might overstate or understate the accretive nature of the Company’s use of capital to buy bitcoin because not all bitcoin is purchased using proceeds of issuances of Class A common stock, and not all proceeds from issuances of Class A common stock are used to purchase bitcoin.

In addition, we are required to pay dividends with respect to our perpetual preferred stock in perpetuity. The Company has historically not paid any dividends on its shares of Class A common stock, and by presenting these metrics the Company makes no suggestion that it intends to do so in the future. Ownership of the Company’s securities, including its Class A common stock and preferred stock, does not represent an ownership interest in, or a redemption right with respect to, the bitcoin the Company holds.

The Company’s ability to achieve positive Bitcoin Yield may depend on a variety of factors, including factors outside of its control, such as the price of bitcoin, and the availability of debt and equity financing on favorable terms. Past performance is not indicative of future results.

This metric is merely a supplement, not a substitute to the financial statements and other disclosures contained in the Company’s SEC filings. It should be used only by sophisticated investors who understand its limited purpose and many limitations.

About Strive

Strive is a structured finance company focused on disciplined capital allocation and long term value creation. We have strategically adopted bitcoin as our hurdle rate for capital deployment because of our fiduciary duty to maximize long-term value for stockholders and compound purchasing power over time.

Strive Asset Management, LLC, a direct, wholly owned subsidiary of Strive and an SEC-registered investment adviser, manages over $2.8 billion in assets. Learn more at strive.com.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements herein may 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 (the “Securities Act”), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements include, but are not limited to, express or implied statements regarding the outlook and expectations of Strive and its subsidiaries, the strategic benefits and financial benefits of the merger transaction with Semler Scientific, Inc. (the "merger transaction"), including the expected impact of the merger transaction on Strive’s future financial performance and the ability to successfully integrate the combined businesses, and Strive’s intentions with respect to adjusting the SATA Stock monthly regular dividend rate per annum. Such statements are often characterized by the use of qualified words (and their derivatives) such as “may,” “will,” “anticipate,” “could,” “should,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “project,” “predict,” “potential,” “assume,” “forecast,” “target,” “budget,” “outlook,” “trend,” “guidance,” “objective,” “goal,” “strategy,” “opportunity,” and “intend,” as well as words of similar meaning or other statements concerning opinions or judgments of Strive and its respective management team about future events. Forward-looking statements are based on assumptions as of the time they are made and are subject to risks, uncertainties and other factors that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results expressed or implied by such forward-looking statements as a result of various important factors. Other risks, uncertainties and assumptions, including, among others, the following:

the outcome of any legal proceedings that may be instituted against Strive or its subsidiaries;the possibility that the anticipated benefits of the merger transaction are not realized when expected or at all, including as a result of changes in, or problems arising from, implementation of Bitcoin treasury strategies and risks associated with Bitcoin and other digital assets, general economic and market conditions, interest and exchange rates, monetary policy, and laws and regulations and their enforcement;the diversion of management’s attention from ongoing business operations and opportunities;dilution caused by Strive’s issuance of additional shares of its Class A common stock or SATA Stock;potential adverse reactions of Strive’s clients and customers or changes to business or employee relationships, including those resulting from the completion of the merger transaction;other factors that may affect future results of Strive or the future trading performance of its Class A common stock or SATA Stock. These factors are not necessarily all of the factors that could cause Strive’s actual results, performance or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other factors, including unknown or unpredictable factors, also could harm Strive’s results.

Although Strive believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that the actual results of Strive will not differ materially from any projected future results expressed or implied by such forward-looking statements. Additional factors that could cause results to differ materially from those described above can be found in Strive’s Annual Report on Form 10-K, for the fiscal year ended December 31, 2025 and other documents subsequently filed by Strive with the SEC.

The actual results anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on Strive or its businesses or operations. Investors are cautioned not to rely too heavily on any such forward-looking statements. Forward-looking statements contained herein speak only as of the date hereof, and Strive undertakes no obligation to update or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Strive Media Contact:
[email protected] 

Posted by Defense World Staff on Aug 10th, 2026

Dudley & Shanley Inc. lessened its holdings in Fiserv, Inc. (NASDAQ:FISV – Free Report) by 23.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,558 shares of the business services provider’s stock after selling 33,365 shares during the period. Fiserv makes up about 0.8% of Dudley & Shanley Inc.’s investment portfolio, making the stock its 29th largest position. Dudley & Shanley Inc.’s holdings in Fiserv were worth $5,423,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Oakworth Capital Inc. purchased a new position in Fiserv in the fourth quarter worth about $25,000. Private Wealth Asset Management LLC purchased a new stake in Fiserv during the fourth quarter valued at approximately $25,000. Kimelman & Baird LLC purchased a new stake in Fiserv during the fourth quarter valued at approximately $27,000. Goodman Advisory Group LLC bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $27,000. Finally, Tripletail Wealth Management LLC purchased a new position in shares of Fiserv in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv In related news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades Several research firms have recently weighed in on FISV. Keefe, Bruyette & Woods cut their target price on Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday. Susquehanna dropped their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research note on Friday. Citigroup reiterated a “neutral” rating and set a $57.00 price objective (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. Loop Capital reduced their target price on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, Robert W. Baird set a $78.00 target price on shares of Fiserv in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.60.

Read Our Latest Analysis on FISV

Fiserv News Roundup Here are the key news stories impacting Fiserv this week:

Positive Sentiment: Despite lowering its target, Susquehanna maintained a “positive” rating and set an $85 target, implying substantial potential upside from recent levels. Keefe, Bruyette & Woods also retained an “outperform” rating with a $65 target. Benzinga analyst ratings Positive Sentiment: Recent insider activity has been supportive, with several company executives and directors reportedly purchasing FISV shares rather than selling them. This may signal that insiders view the selloff as excessive, although it does not offset the weaker operating outlook. Neutral Sentiment: JPMorgan reduced its price target from $62 to $60 and moved to a “neutral” rating, while TD Cowen cut its target from $63 to $55 and assigned a “hold” rating. The targets remain above the recent share price, but the reductions indicate lower near-term confidence. Benzinga analyst ratings Neutral Sentiment: New CEO Takis Georgakopoulos is attempting to reset expectations, with management emphasizing technology investment and a potential recovery in 2027. Investors may view the longer-term rebound opportunity positively, but it depends on improved execution and renewed client spending. Fiserv’s New CEO Resets Guidance as Headwinds Hit Growth Negative Sentiment: Fiserv missed second-quarter earnings and revenue expectations. Adjusted EPS was $1.84, below estimates and down from $2.47 a year earlier, while revenue declined year over year amid margin pressure. FISV Q2 Earnings Miss Estimates on Margin Pressure Negative Sentiment: Management cut 2026 adjusted EPS guidance to $7.20–$7.40 from $8.00–$8.30 and changed its organic revenue forecast from 1%–3% growth to flat or down 1%. Delayed client projects, weaker Argentine conditions, softer hardware sales and increased technology spending are weighing on results. FISV Q2 Earnings Call Resets Outlook Fiserv Price Performance Shares of FISV opened at $52.41 on Monday. The firm has a fifty day moving average price of $51.77 and a 200-day moving average price of $56.70. The company has a current ratio of 1.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $27.95 billion, a P/E ratio of 10.06, a P/E/G ratio of 1.64 and a beta of 0.80. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $140.42.

Fiserv (NASDAQ:FISV – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $5.04 billion. The firm’s revenue was down 4.1% on a year-over-year basis. Equities research analysts expect that Fiserv, Inc. will post 7.3 earnings per share for the current year.

Fiserv Company Profile (Free Report)

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.

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SummaryMeta Platforms remains a "Buy" as its valuation is compelling, despite recent capex-driven selloffs and technical weakness.Q2 revenue grew 28% YoY, driven by Family of Apps, but free cash flow contracted sharply due to $31 billion in capex.Management guides for Q3 revenue of $61–$64 billion, with AI investments expected to drive future FCF and EPS acceleration post-2026.Key risks include capex ROI uncertainty, digital ad cyclicality, litigation overhang, and a challenging technical setup with overhead resistance. Getty Images

It wasn't so much earnings season for the Mag 7, but capex season. Shares of Meta Platforms (META) fell yet again after the social media giant reported hefty FY 2026 executed and planned long-term investments. Still, the stock

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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On August 6, 2026, Tesla (NASDAQ:TSLA | TSLA Price Prediction) and SpaceX formally confirmed Terafab, a jointly built semiconductor megafactory in Grimes County, Texas, just north of Houston. On X, Elon Musk called it “the largest and most valuable building on Earth by far.” The site plans exceed 100 million square feet of manufacturing space, more than five times China’s New Century Global Center and larger than the Pentagon, Apple Park, and Mall of America combined.

The pitch is vertical integration at a scale nobody has attempted. Terafab will house manufacturing, packaging, and testing of advanced logic and memory chips in a single facility, aimed squarely at the bottleneck Musk keeps hitting: there are not enough chips on Earth to build the Optimus robots, Cybercabs, and space-based data centers he has pitched investors. SpaceX describes the plant as designed to “bridge the divide between current global chip supply and the compute demand of the future”, with a stated production goal of more than 1 terawatt of compute per year optimized for edge inference.

The money framing matters. What is committed now is $16.8 billion for the first phase. The widely quoted $119 billion figure is a multi-phase ceiling SpaceX disclosed in its May 2026 filings, first reported by TechCrunch on May 6, 2026, and represents a top-end estimate, not confirmed spend. The legally binding floor is more modest: agreements signed by SpaceX CFO Bret Johnsen commit at least $5 billion in Grimes County by 2030 and at least 1,800 full-time jobs by 2035. Intel (NASDAQ:INTC) has agreed to contribute but has been vague about the size of its commitment.

Beyond the binding floor, the partners are promising at least 3,000 jobs across Grimes and neighboring Brazos County, with early production as soon as 2027 and mass production targeted for 2028. Texas is sweetening the deal: SpaceX received a $30 million Texas Enterprise Fund grant, and the project qualifies under the state’s Texas Jobs, Energy, Technology, and Innovation program. Musk first floated Terafab in Austin on March 22, 2026; the Grimes County selection ends months of speculation.

Water was the community’s first question, and the answer is unusual. The site sits on Gibbons Creek Reservoir, which previously cooled a coal-fired power plant that closed in 2018. SpaceX has committed to drawing process water from the reservoir rather than local groundwater, a concession clearly aimed at farmers worried about aquifer draw.

Local reaction has been split. A Grimes County meeting on Wednesday, August 5, drew hundreds of residents objecting to the scale of tax breaks and what they described as a lack of transparency. On the other side, Anderson-Shiro Consolidated ISD Superintendent Dr. Sarah Borowicz, in a statement released by the Texas Governor’s office, said: “We believe this agreement will strengthen our district, expand opportunities, and better prepare our students for their future.”

The signal to watch over the next 18 months is straightforward: does the first-phase $16.8 billion translate into groundbreaking on a fab bigger than the Pentagon, Apple Park, and Mall of America combined, or does the $119 billion ceiling quietly recede into the same category as every other Musk moonshot timeline?

Contact [email protected] for any questions or corrections.

Posted by Defense World Staff on Aug 10th, 2026

Bank of America Corp DE lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,200,989 shares of the computer hardware maker’s stock after acquiring an additional 4,019,505 shares during the period. NVIDIA accounts for approximately 2.4% of Bank of America Corp DE’s holdings, making the stock its biggest holding. Bank of America Corp DE owned 0.79% of NVIDIA worth $33,345,453,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NVDA. Lifetime Wealth Management P.C. purchased a new position in shares of NVIDIA during the 4th quarter worth about $26,000. Longview Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the first quarter worth approximately $27,000. Longfellow Investment Management Co. LLC raised its holdings in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares during the period. Phillip James Consulting Co. bought a new stake in shares of NVIDIA during the 1st quarter worth approximately $40,000. Finally, Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA during the second quarter worth $40,000. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades A number of equities research analysts recently weighed in on the stock. HSBC reiterated a “buy” rating and set a $325.00 price objective (up from $295.00) on shares of NVIDIA in a report on Tuesday, May 19th. Itau BBA Securities cut their price target on NVIDIA from $256.00 to $218.00 in a research note on Wednesday, June 24th. Wolfe Research restated an “outperform” rating and issued a $275.00 price objective on shares of NVIDIA in a report on Thursday, May 21st. Stifel Nicolaus set a $282.00 price target on shares of NVIDIA and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research report on Tuesday, June 2nd. Three analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, NVIDIA has an average rating of “Buy” and a consensus target price of $304.26.

View Our Latest Stock Report on NVIDIA

Insider Activity at NVIDIA In other NVIDIA news, Director Mark A. Stevens sold 885,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the sale, the director owned 5,207,271 shares of the company’s stock, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 625 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total value of $133,750.00. Following the sale, the director owned 14,163 shares in the company, valued at $3,030,882. The trade was a 4.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,901,125 shares of company stock valued at $410,583,015 in the last ninety days. Corporate insiders own 3.94% of the company’s stock.

NVIDIA Price Performance Shares of NVDA opened at $223.96 on Monday. The company has a market cap of $5.42 trillion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 0.44 and a beta of 2.23. NVIDIA Corporation has a twelve month low of $164.07 and a twelve month high of $236.54. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $205.66 and a two-hundred day moving average of $197.27.

NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. The business had revenue of $81.61 billion for the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 earnings per share. As a group, analysts predict that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

NVIDIA Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were paid a dividend of $0.25 per share. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.4%. NVIDIA’s dividend payout ratio (DPR) is presently 15.31%.

NVIDIA announced that its board has approved a share repurchase program on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

More NVIDIA News Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Reports that SpaceX plans to deploy NVIDIA’s next-generation AI hardware across terrestrial and orbital computing infrastructure reinforced expectations for another major customer and expanded demand for NVIDIA systems. Time to Buy Nvidia or SpaceX Stock After Their AI Partnership? Positive Sentiment: Strong spending by hyperscalers, demand for AI data-center capacity, and NVIDIA-backed projects such as Firmus’ $2 billion fundraising in Australia and Asia-Pacific supported the view that AI infrastructure investment remains robust. Firmus nearly doubles valuation to over $10.5 billion Positive Sentiment: Analyst and market commentary highlighted NVIDIA’s leadership in sovereign AI, with one report estimating a 92% share, while investors continued to describe the company as evolving from a GPU supplier into a broader AI infrastructure platform. What’s Going On With NVIDIA Stock Friday? Positive Sentiment: Recent commentary pointed to accelerating AI demand, strong cash flow and valuation support, with the median analyst price target reported at $308.50 versus recent trading levels. Should You Buy NVIDIA Stock After Its 11% Rally in a Month? Neutral Sentiment: NVIDIA’s rally has lifted the stock roughly 12% over five sessions, increasing focus on the upcoming earnings report. Analysts remain constructive, but some traders are pausing because near-term catalysts may be limited after the sharp advance. Two reasons why Nvidia’s stock saw its biggest weekly surge Negative Sentiment: AMD’s acquisition of AI-inference chip startup Taalas could strengthen its competitive position and create a longer-term challenge to NVIDIA, although initial investor commentary suggested the deal does not immediately close NVIDIA’s AI gap. AMD Is Buying Its Way Deeper Into AI Inference Negative Sentiment: QuiverQuant data showed 45 NVIDIA insider sales and no insider purchases during the past six months, a potential caution signal as the stock trades near its highs. NVIDIA Stock Opinions on AI Market Position About NVIDIA (Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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The Walt Disney Company (DIS +0.22%) is a media and entertainment powerhouse. This statement isn't really up for debate. Its various studios, franchises, characters, and storylines are key to its success.

However, the business has made for an awful investment. In the past five years, the share price has declined 41% (as of Aug. 6).

The valuation is now at a multiyear low. Meanwhile, the leadership team is raising repurchase activity. Does this setup make Disney a no-brainer value stock?

Image source: The Motley Fool.

Disney's momentum continues The company's fiscal 2026 third-quarter (ended June 27) financial results highlight once again that the experiences segment is a strong performer. Revenue here was up 10% year over year, with operating income rising 20%.

Revenue from theme park admissions was boosted by 3% higher attendance and 5% favorable per-capita ticket spending. Resorts and vacations saw a 17% bump in sales, driven by the launch of two new cruise ships in the past year.

Disney's direct-to-consumer streaming operations, most notably from Disney+ and Hulu, have also introduced a notable financial catalyst. Revenue increased 11% year over year. And the operating margin came in at 13%. The company's streaming division was burning more than $1 billion quarterly a few years ago. The transition from a cash-burning machine to a moneymaker has been impressive.

Success at the movie theater also stands out. Toy Story 5 has now eclipsed $1 billion in worldwide box office revenue.

Dialing up the share repurchases During the third quarter, Disney raked in $3.1 billion in free cash flow (FCF). This was lifted by a 32% jump in operating cash flow. The consensus view among analysts is that FCF will rise in each successive year from fiscal 2025 through fiscal 2028.

Investors should be encouraged by how executives plan to handle this windfall in the near term.

"We believe our shares are undervalued and we continued to lean into share repurchases during the quarter," the earnings press release reads. It's hard to find a clearer example showcasing how the management team feels about its stock price. This directly dictates capital allocation.

Disney now plans to spend at least $9 billion on share repurchases this fiscal year. "The reason we're doing that is largely to utilize the cash that had been set aside previously for the OpenAI deal and now from the expected proceeds from the A+E transaction, which was announced overnight," Chief Financial Officer Hugh Johnston said on the Q3 2026 earnings call.

Disney sold its 50% stake in A+E Global Media to simplify the business. This deal will bring in $1.2 billion in cash.

Nine years ago, in fiscal 2017, Disney bought back $9.4 billion worth of its stock. It has essentially ramped up the activity to that level, a vote of confidence in the company's fundamental position.

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The stock has disappointed investors I believe that Disney is a value stock right now, as does the leadership team. Its shares trade at a price-to-earnings (P/E) ratio of 16.8. This valuation has come down dramatically over the past five years. It represents a 33% discount to the overall S&P 500 index.

However, I wouldn't go so far as to call it a no-brainer opportunity. Disney's current share price is $104.68. Exactly 11 years ago, in August 2015, the stock traded at $108.55. Shares have gone nowhere, yet the underlying business has undergone significant change, with cable networks now mattering less to the financial picture.

Disney expects double-digit adjusted earnings-per-share growth in fiscal 2027, after a 12% rise this fiscal year. And analysts see a 10.6% increase in fiscal 2028.

Despite these healthy forecasted gains, supported by the success of experiences and streaming, it's difficult to believe that the market will break with tradition and assign a sustainably higher valuation multiple to Disney shares. In a best-case scenario, I think the stock can register a 10% to 15% annualized total return.