NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Doximity, Inc. (“Doximity” or the “Company”) (NYSE: DOCS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Doximity and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 13, 2026, Doximity issued a press release announcing its fourth quarter and fiscal year 2026 financial results. Among other items, Doximity guided for full-year revenue in the range of $664 million to $676 million, compared to estimates of $687.04 million, and adjusted EBITDA of $323 million to $335 million. Doximity’s management highlighted AI cost pressure, with the Company’s vice president of investor relations citing gross margin impact “driven by AI compute costs” and CEO Jeff Tangney warning that higher AI investment will “weigh on near-term margins.”
On this news, Doximity’s stock price fell $5.38 per share, or 23%, to close at $18.01 per share on May 14, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Doximity (DOCS - Free Report) ended the recent trading session at $20.89, demonstrating a +1.02% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.57%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw a decrease of 1.15%.
The stock of medical social networking site has risen by 5.62% in the past month, leading the Medical sector's gain of 4.28% and the S&P 500's gain of 2.14%.
Analysts and investors alike will be keeping a close eye on the performance of Doximity in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.29, signifying a 19.44% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $151.7 million, indicating a 3.97% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.39 per share and a revenue of $670.18 million, representing changes of -8.55% and +3.93%, respectively, from the prior year.
Any recent changes to analyst estimates for Doximity should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Doximity boasts a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Doximity is currently exchanging hands at a Forward P/E ratio of 14.89. This represents a discount compared to its industry average Forward P/E of 24.48.
It is also worth noting that DOCS currently has a PEG ratio of 2.12. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. DOCS's industry had an average PEG ratio of 1.89 as of yesterday's close.
The Medical Info Systems industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 173, positioning it in the bottom 30% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DOCS in the coming trading sessions, be sure to utilize Zacks.com.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Doximity, Inc. ("Doximity" or the "Company") (NYSE: DOCS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Doximity and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 13, 2026, Doximity issued a press release announcing its fourth quarter and fiscal year 2026 financial results. Among other items, Doximity guided for full-year revenue in the range of $664 million to $676 million, compared to estimates of $687.04 million, and adjusted EBITDA of $323 million to $335 million. Doximity's management highlighted AI cost pressure, with the Company's vice president of investor relations citing gross margin impact "driven by AI compute costs" and CEO Jeff Tangney warning that higher AI investment will "weigh on near-term margins."
On this news, Doximity's stock price fell $5.38 per share, or 23%, to close at $18.01 per share on May 14, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Urban Outfitters NASDAQ: URBN was identified through one of MarketBeat's premier stock analysis tools.
Urban Outfitters Today
URBN
Urban Outfitters
$76.42 0.00 (0.00%)
As of 06/18/2026 04:00 PM Eastern
52-Week Range$59.53▼
$84.35P/E Ratio14.67
Price Target$87.18
The Golden Crossovers screen highlights stocks whose moving averages indicate a potential shift in market momentum. A Golden Cross occurs when a stock's short-term moving average rises above its longer-term moving average—a technical signal that many investors interpret as the beginning of a sustained upward trend.
Urban Outfitters has been in the midst of this signal for years. Emerging in 2023, the original Golden Cross was unusual in that it involved not two but three critical exponential moving averages (EMAs), resulting in a sustained uptrend. The story as of mid-2026 is that the trend is intact and the market is rebounding in a textbook trend-following entry, with its own Golden Cross. This time, the cross is only two EMAs, but no less strong, given the price action preceding it and the forces that underlie it.
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Urban Outfitters Accelerates in Q1: Momentum BuildsUrban Outfitters had a solid Q1 earnings report, outperforming on both the top and bottom lines, driven by strength across brands and channels. Revenue of $1.48 billion grew by more than 11%, accelerating sequentially and year over year, setting a company record. The strength was underpinned by digital and Nuuly, the company’s fashion rental business. Nuuly is surprisingly strong, enabling consumers to rent apparel at a fixed monthly rate. The benefits to Urban Outfitters are a growing, visible, recurring revenue stream and higher margins.
Margin and profitability are central to URBN’s stock price outlook. The company is widening margins as revenue growth accelerates, driving better-than-expected profitability and cash flow. Outperformance was logged in earnings, but the critical details were cash flow, free cash flow, and the capital returns they enable. Free cash flow allowed a 5% year-over-year reduction in average Q1 share count and is expected to remain solid in upcoming quarters.
Urban Outfitters’ balance sheet reflects its strength and cash flow. Q1 highlights include a slight reduction in cash and equivalents, offset by increases in inventory, current and property. Liabilities also increased but only marginally, leaving equity up despite the aggressive buybacks. Equity increased by more than 800 basis points, putting total liabilities well below 1X and the business in fortress-like condition. Looking ahead, unencumbered free cash flow will likely be focused toward additional buybacks.
URBN: Near-term Headwinds Provide Volatility in Early 2026Robust as Urban Outfitters’ business and capital return outlook are, there are risks for investors to be aware of. The technical risk is a resistance point at $80. The market has failed to cross the level twice, once in Q4 2025 and then again at year’s end/New Year 2026, and may fail to do so again. In this scenario, URBN stock is range-bound, with a top near $80 and a bottom near $60, and is likely to continue moving sideways until later in the year. However, analysts indicate a move to new highs, so a more bullish result is likely.
Analysts' mixed response to URBN’s Q1 release is another risk, but one with less-than-bearish implications. The four analyst revisions MarketBeat tracked following the report include a reaffirmed target below consensus and a reduced target. However, one price target reduction to $100 merely lowered the high end, still forecasting nearly 30% of upside and a fresh all-time high. A move to the $87.18 consensus, which is trending higher in 2026, would also sufficient to set a fresh all-time high.
Institutional activity also aligns with URBN’s volatility in 2026. While the group bought throughout 2025, pushing price action to record levels, they reverted to selling in Q1 2026, helping cap gains. Early indications suggest they reverted to accumulation in Q2, helping to support prices and limit downside risk. The likely outcome is that this group continues to buy on dips but may not chase price action to new highs until a new catalyst emerges.
Short-sellers are likewise a risk to near-term price action. MarketBeat data reveals a moderately high 12% short interest as of early June, sufficient to limit upside in the absence of a strong bullish catalyst. The risk is that they sell into the market, capping gains at the $80 level. Catalysts for short-covering would include sustained strength, accelerating growth, margin gains, buybacks, and a move in URBN stock above $80.
Urban to $100: An Easy Move Once Fresh Highs Are SetUrban’s move to $100 is all but assured; the signs suggest it is only a matter of time as growth, cash flow, capital returns, and sell-side sentiment strengthen. Technical indications suggest $100 is a base-case target; the existing range is worth $20, and $20 projected from $80 is $100. The Bull Case scenario suggests this market can advance by more than 30% in the near to mid-term and then continue rallying.
Should You Invest $1,000 in Urban Outfitters Right Now?Before you consider Urban Outfitters, you'll want to hear this.
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Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Despite economic headwinds and geopolitical tensions, equities have performed fairly well so far this year. The S&P 500 is up by a solid 8% to date. Some companies are doing an even more impressive job of overcoming all the challenges and volatility. Consider these three stocks that have left broader equities in the dust this year: Moderna (MRNA +3.50%), Krystal Biotech (KRYS +1.87%), and Advanced Micro Devices (AMD +5.27%). Despite their strong performances this year, these companies are still worth investing in.
Image source: Getty Images.
1. Moderna Moderna, the famous vaccine maker that was one of the leaders in the coronavirus market, is making significant progress toward important new approvals. The company is inching closer to earning the green light for its influenza vaccine, mRNA-1010. This product could help address an unmet market need, as the low effectiveness of current flu vaccines leaves many patients -- particularly the elderly, whom Moderna is targeting with mRNA-1010 -- at risk of severe cases of the disease and hospitalization. An approval here would be an important step forward for the vaccine maker.
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The company expects several other catalysts over the next two years, including the launch of its norovirus vaccine and several data readouts. Moderna's pipeline includes several highly promising candidates. One of them is mRNA-4157, an investigational personalized cancer vaccine currently undergoing several phase 2 and phase 3 studies. Over the next few years, Moderna could make significant clinical and regulatory progress while also posting much stronger financial results. That's why, even though its shares are up 100% this year, it could still deliver solid returns over the next decade.
2. Krystal Biotech Krystal Biotech is performing well thanks to Vyjuvek, a medicine for a rare disease called dystrophic epidermolysis bullosa (DEB). This genetic condition leads to extremely fragile skin. Patients with DEB get painful blisters from otherwise minor friction. Vyjuvek, a gene therapy for DEB, was the first medicine to be approved by the U.S. Food and Drug Administration for this disease. It has helped Krystal Biotech generate rapidly growing revenue and earnings. The drugmaker is on an 11-quarter streak of positive earnings per share, which is fairly impressive for a biotech company of this size with only a single product on the market.
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The good news is that Krystal Biotech still has a large addressable market to tap into with Vyjuvek, as it continues to expand to new regions in Europe and elsewhere. Expect the company's top line to continue moving in the right direction for the foreseeable future. Further, Krystal Biotech boasts over half a dozen pipeline candidates, and we should see clinical trial data for at least some of them over the next few years. Between the strong performance of its leading product, Vyjuvek, and potential clinical catalysts that could lead to brand-new approvals, Krystal Biotech looks likely to continue beating the market. The stock is up 38% this year. But it's not too late to buy.
3. Advanced Micro Devices Shares of AMD have soared by 129% year to date. The company is posting strong financial results, but that's only part of the story. AMD looks increasingly attractive as a pick to capitalize on the rapidly growing artificial intelligence (AI) field. Here are two reasons why. First, AMD is a leader in the server CPU (Central Processing Unit) market. As we move into the world of agentic AI -- self-directed systems that can work toward a goal with limited human intervention -- CPUs will become increasingly more important. That puts AMD, whose EPYC processors are among the market leaders, in a great position. Note that Nvidia (NVDA +3.08%) has argued that we could be looking at a $200 billion CPU total addressable market due to the rise of agentic AI, a number that dwarfs AMD's trailing-12-month revenue of $37.5 billion.
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Second, AMD has been gaining ground on one of its biggest competitors in its niche, Intel (INTC +10.75%). In the first quarter, AMD's share of the desktop CPU market was 33.2%, up about 5% from the same period in the previous fiscal year. AMD also had a 46.2% revenue share, a record for the company and clear evidence of its stronger pricing power. These factors suggest that AMD can continue riding the AI wave for a while, making it a top stock to buy now, even after its impressive run this year.
HubSpot Inc (NYSE:HUBS) stock saw a sharp surge in momentum score, jumping from 18.21 to 32.09 on a week-over-week basis.
A momentum score is a metric that evaluates how strongly a stock is trending by analyzing recent price movements and trading volume, helping indicate the strength and direction of its current trend.
HubSpot Expands Equity PlanAt its annual meeting held on Monday, investors voted in favor of adding 2.3 million shares to HubSpot's 2024 Stock Option and Incentive Plan, as reported by Investing.com
The move expands the company's ability to compensate employees with equity but also raises potential dilution concerns for existing shareholders.
Shareholders also re-elected five directors—Mike Berry, Claire Hughes Johnson, Yamini Rangan, Clara Shih and Jay Simons to the board for one-year terms.
The company confirmed that investors approved several additional proposals, including the ratification of PricewaterhouseCoopers LLP as its independent auditor for fiscal year 2026 and an advisory vote approving executive compensation.
A key governance change also passed, allowing shareholders who own at least 10% of HubSpot's outstanding shares to call a special meeting.
The proposal gives large investors greater leverage to push for corporate action between annual meetings.
Benzinga's Edge Stock Rankings provide a detailed view of HubSpot Inc's price structure, showing that its short-, medium-, and long-term trends have all shifted into negative territory based on the latest data.
HubSpot In AI Software WatchlistIn a post on X, Chief Market Strategist FuturumEquities Shay Boloor highlighted HubSpot as a key software company to watch, noting its role in unifying marketing, sales, and customer service into a single growth platform.
Price ActionHubSpot Inc. closed at $176.71 on Wednesday, down 3.36%, with pre-market trading up 1.13% on Thursday at the time of writing.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
Key Takeaways BBWI posted 9% growth in international and other net sales to $70 million in Q1'26.BBWI ended Q1 with 579 partner-operated international stores after eight net additions.BBWI expects low-double-digit international retail sales growth for Q2. Bath & Body Works, Inc. (BBWI - Free Report) continues to gain traction internationally, with its global business emerging as an increasingly important contributor to long-term growth. As the company executes its Consumer First Formula strategy, international markets are providing a valuable avenue for expansion, supported by strong brand recognition, growing consumer demand and a scalable franchise model.
The company delivered another solid quarter internationally in first-quarter fiscal 2026. International and other net sales increased 9% year over year to $70 million, while international net sales rose 5%. More notably, system-wide international retail sales climbed 11%, highlighting healthy demand across global markets despite ongoing macroeconomic challenges in certain regions. The performance reinforces the growing relevance of Bath & Body Works outside its core North American business.
The expansion of the company’s international footprint remains a key growth driver. Bath & Body Works ended the quarter with 579 partner-operated international stores, adding eight net new locations during the period. The company’s asset-light franchise model enables rapid expansion with limited capital investment, allowing it to generate attractive returns while leveraging local market expertise and established retail partners.
Management continues to view international markets as a compelling long-term opportunity. Compared with its extensive North American presence, Bath & Body Works remains relatively underpenetrated globally, creating significant runway for store expansion, royalty growth and market share gains. The strength of the brand’s fragrance and personal care portfolio further supports its ability to attract consumers across diverse geographies.
Management expects international retail sales to increase in the low-double-digit rate in the fiscal second quarter, reflecting continued momentum. With expanding global reach, strong franchise partnerships and rising consumer awareness, the international business is poised to play an increasingly meaningful role in Bath & Body Works’ long-term growth story.
BBWI’s Price Performance, Valuation & EstimatesShares of Bath & Body Works have inched up 0.9% in the past six months against the industry’s decline of 17.1%.
Image Source: Zacks Investment Research
From a valuation standpoint, BBWI trades at a forward price-to-earnings ratio of 7.15X, down from the industry’s average of 14.66X. It has a Value Score of A.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Bath & Body Works’ fiscal 2026 earnings implies a year-over-year decline of 18.4%, whereas the same for fiscal 2027 indicates an uptick of 10.9%. Earnings estimates for fiscal 2026 and 2027 have been revised upward by 2 cents and 3 cents, respectively, in the past 30 days.
Image Source: Zacks Investment Research
BBWI currently carries a Zacks Rank #3 (Hold).
Key PicksWe have highlighted three better-ranked stocks in the retail space, namely, Genesco Inc. (GCO - Free Report) , Tapestry, Inc. (TPR - Free Report) and Fossil Group, Inc. (FOSL - Free Report) .
Genesco is a specialty retail and branded company that sells footwear and accessories in retail stores. The company flaunts a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Genesco’s current fiscal-year earnings implies growth of 55.2% from the year-ago actual. GCO delivered a trailing four-quarter average earnings surprise of 3.8%.
Tapestry offers lifestyle products, which include handbags, women’s and men’s accessories, footwear, jewelry, seasonal apparel collections, sunwear, travel bags, fragrance and watches. It currently sports a Zacks Rank of 1.
The Zacks Consensus Estimate for Tapestry’s current fiscal-year earnings and sales suggests growth of 36.3% and 13.8%, respectively, from the year-ago actuals. TPR delivered a trailing four-quarter average earnings surprise of 15.6%.
Fossil Group is involved in designing, marketing and distributing consumer fashion accessories. The company has a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Fossil Group’s current financial-year earnings and sales indicates growth of 87.6% and a decline of 4.9%, respectively, from the year-ago actuals.
New commitment expands long-standing strategic partnership and builds on the success of two prior aircraft leasing portfolios
NEW YORK & SEATTLE--(BUSINESS WIRE)--KKR, a leading global investment firm, and Altavair, a leader in commercial aviation leasing and financing, today announced that KKR is making a $1.4 billion equity commitment to continue expanding its global portfolio of leased commercial aircraft in partnership with Altavair. The latest commitment builds on two prior aircraft leasing portfolios created in partnership with Altavair. The investment will primarily come from KKR’s Infrastructure and Asset-Based Finance strategies.
“Nearly a decade of strategic partnership with Altavair has deepened our conviction in the attractiveness of aircraft leasing, which we believe is poised to grow even further as demand for air travel continues to rise and airlines seek more liquidity and fleet flexibility,” said Brandon Freiman, Partner and Head of North American Infrastructure at KKR.
KKR-managed funds have committed more than $8 billion to aircraft leasing and lending transactions since KKR formed a strategic partnership with Altavair in 2018. Over that time, KKR and Altavair have acquired 188 commercial aircraft and engine assets through a variety of transactions, including lessor trades, airline-direct new and used sale leasebacks, passenger-to-freight conversions, and structured transactions, and in the process have leased aircraft and engines to 67 leading airline and cargo operators around the world.
“We are pleased to deepen our long-standing relationship with Altavair and strengthen our commitment to the aviation sector through our Asset-Based Finance strategy,” said Daniel Pietrzak, Partner and Global Head of Private Credit at KKR. “The success of our strategic partnership is a testament to the power of combining our patient, long-term capital with Altavair’s deep industry expertise and differentiated sourcing capabilities.”
“Our strategic partnership with KKR has grown stronger over the past eight years, and this latest commitment reflects the trust we have built together,” said Steve Rimmer, CEO of Altavair. “KKR’s expertise, and long-term capital have helped build Altavair into the platform it is today. As airlines face significant fleet funding needs in the coming years, this expanded commitment positions us to be an even stronger partner and supporter across the aviation ecosystem.”
KKR has invested more than $12 billion of capital in the aviation sector since 2015. Investments include Altavair, AV AirFinance, Atlantic Aviation, KKR DVB Aviation Capital, K2 Aviation, and others.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About Altavair
Altavair is an aviation asset manager focusing on the acquisition of new and used commercial aircraft for leasing to domestic and international passenger airlines and cargo operators. Since its inception in 2003, Altavair has completed over $14.5 billion in commercial aircraft lease transactions with over 80 airline customers in 50 countries representing over 300 individual Boeing and Airbus aircraft. Altavair maintains offices in Seattle, Dublin, London, and Singapore. For more information, please visit www.altavair.com.
Private credit has been the target of plenty of criticisms as investors remain wary of stabilization in the industry. Jay Hatfield explains why some concerns are overblown and talks about ways he sees private credit buoying against future headwinds.
Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab
CompaniesNEW YORK, June 17 (Reuters) - Private equity firm KKR (KKR.N), opens new tab on Wednesday disclosed a $1.4 billion fresh bet on aircraft leasing with partner Altavair, as persistent supply shortfalls at Airbus (AIR.PA), opens new tab and Boeing (BA.N), opens new tab keep plane availability tight.
Leasing companies and private equity firms have been playing a bigger role in funding aircraft purchases as airlines face rising costs and recovering travel demand amid limited aircraft supply.
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Airlines now lease - or rent - rather than own about half of the global fleet, with KKR having invested more than $12 billion in aviation since 2015.
Altavair focuses on acquiring new and used commercial aircraft and leasing them to passenger and cargo airlines worldwide.
Most of the capital is still free to be allocated, which will happen over the next four years, a person close to the transaction said.
KKR plans to source aircraft directly from airlines seeking to free up cash, as well as from manufacturers such as Airbus and Boeing and through secondary market transactions.
These deals typically involve buying aircraft and leasing them back to carriers under multi-year contracts, allowing airlines to raise cash while continuing to operate their fleets.
The firm is focusing on long-term leases with established airlines and cargo operators rather than distressed or bankruptcy situations, such as those involving Spirit Airlines, which ceased operations in May after failing to secure support for a government bailout plan, the person said.
Since 2018, KKR and Altavair have acquired 188 aircraft and engine assets and leased them to 67 airline and cargo customers globally.
Fuel price volatility and geopolitical tensions have limited near-term impact on such investments, as leases typically run for five to 10 years and provide predictable cash flows, the person said.
KKR has previously backed fleet transactions including a 2020 deal with Etihad Airways, which saw it acquire Boeing 777 and Airbus A330 aircraft and lease them back to the airline as part of its fleet transition strategy.
Reporting by Sabrina Valle; Editing by Stephen Coates
Our Standards: The Thomson Reuters Trust Principles., opens new tab
NY-based correspondent reporting on some of the largest deals in Healthcare and Industrials. Previously based in Houston, covering global operations of U.S. oil majors. Sabrina has a two-decade career in Business reporting, with a strong background in source-based enterprise and investigations. She previously worked at Bloomberg, Washington Post and has been based in Rio and D.C. covering large corporations, including finance, corruption and geopolitics.
An attendant wheels a patient at a hospital in New Delhi, India, June 22, 2023. REUTERS/Anushree Fadnavis/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesKKR in talks to buy majority stake in Medicover's India businessMedicover confirms talks with KKR for sale of India operationsSweden's Medicover owns 66.9% of Medicover Hospitals IndiaMUMBAI, June 18 (Reuters) - KKR is in advanced talks to buy a majority stake in the Indian business of Sweden's Medicover (MCOVb.ST), opens new tab for at least $1 billion, a source with direct knowledge of the matter said, a deal that would expand its healthcare bet in the world's most populous nation.
Stockholm-listed Medicover issued a press release soon after Reuters sent a request for comment on Wednesday night, saying Medicover Hospitals India is in discussions with KKR (KKR.N), opens new tab "regarding a potential sale of its Indian operations."
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The company did not provide any details and Reuters is first to report that talks are ongoing for KKR to take a majority stake in the Indian business unit for at least $1 billion.
Medicover, which entered the country in 2016, operates a network of 26 hospitals with around 6,000 beds. In its statement, it said it has also been preparing for an Indian initial public offering.
Sweden's Medicover owns 66.9% of Medicover Hospitals India. KKR is seeking to acquire the Swedish firm's entire stake for at least $1.05 billion and is also in discussions with minority shareholders.
The "discussions are ongoing and a non-binding agreement has been reached," said the person, who declined to be named publicly as the talks are private.
Medicover did not respond to Reuters queries and KKR declined to comment.
INTEREST IN HOSPITALSIn its press release, Medicover said there is no certainty that discussions with KKR will result in any transaction and that the firm is continuing with the IPO process.
KKR has been steadily increasing its healthcare investments in India. In 2024, the buyout firm bought a controlling stake in a hospital chain in the southern state of Kerala and has since backed the hospital group's expansion through acquisitions.
India's hospital sector has attracted strong investor interest as rising incomes, expanding health insurance coverage and growing demand for quality healthcare drive consolidation and capacity expansion across the industry.
Medicover competes with Apollo Hospitals (APLH.NS), opens new tab, Aster Hospitals, and Fortis Healthcare (FOHE.NS), opens new tab in India.
Rothschild is advising on the sale process, while Kotak is advising KKR, the person added.
Kotak and Rothschild did not respond to Reuters queries.
Medicover's India unit reported annual revenue of $234.6 million in 2025, up nearly 1% from a year earlier. The Indian business accounts for more than half of the group's hospitals globally.
Reporting by Vibhuti Sharma; Editing by Aditya Kalra and Thomas Derpinghaus
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Vibhuti Sharma is the M&A and deals reporter for Reuters in India, covering the billion-dollar deals, IPOs, and private equity transactions that reshape companies and industries globally. With nine years of experience, she is equally at home breaking news on the country's biggest deals and writing deep analysis that simplifies complex business stories. Outside the newsroom, she catches every new film she can and is never far from a good book or a new destination.
Report is one of the most comprehensive, multi-year MSP outcomes analyses available in the industry
DELRAY BEACH, Fla.--(BUSINESS WIRE)--Tower MSA Partners, an industry-leading provider of Medicare Secondary Payer (MSP) compliance and Medicare Set-Aside (MSA) services, today released the first-of-its-kind Workers’ Compensation Medicare Secondary Payer Outcomes & Regulatory Insights Report to serve as a benchmark for industry stakeholders evaluating their MSP strategy.
“MSP is no longer a technical compliance exercise – it is a lever that can be pulled to materially influence claim closure."
Share The comprehensive report was created utilizing a wide range of aggregated, anonymized performance metrics from 2022–2025 that combine clinical engagement, disciplined allocation methodology, CMS alignment controls, pharmacy mitigation strategy, and conditional payment resolution.
Loaded with impressive, quantifiable statistics and data, the report demonstrates that clients can experience significant MSA-related cost savings when a strong MSP strategy is in place. For instance, the report highlights that Tower’s services, including physician follow-up and pharmacy optimization, produced an average 47% reduction in MSA amounts in 2025, with annual reductions ranging from 33–64% from 2022 to 2025.
“Between 2022 and 2025, Tower MSA Partners delivered measurable, repeatable reductions in Medicare-related settlement exposure for workers’ compensation programs even when CMS MSA approval is required,” said Tower Chief Compliance Officer Daniel Anders. “This report demonstrates that MSP strategy can lead to significant benefits such as better control over allocated medications, quicker CMS MSA approval times, and an overall lower allocation for future medical care.”
Other key Tower outcomes in the report include:
Total MSA-related cost savings: Clinical interventions generated more than $9 million in savings in 2025 and approximately $9–12 million annually across the 2022–2025 period Lower CMS-approved MSAs versus CMS averages: Tower’s MSA preparation, mitigation and submission process resulted in CMS-approved MSAs that were 23% lower than the average CMS-approved MSA across all MSAs submitted to CMS Pharmacy and opioid outcomes: In 2025, 60% of CMS-approved Tower MSAs had $0 in Rx and 86% had $0 in opioids, with similarly high levels across 2022–2025 Process efficiency and appeals: MSA preparation turnaround time was consistently three days from receipt of complete documentation in 2022–2025, and CMS re-review appeals yielded success rates of 63–72% early in the period and 41–45% in 2024–2025 The 16-page report is broken down into five meticulously detailed sections: (1) Regulatory & Market Overview; (2) Tower Outcomes & Key Metrics; (3) Strategic Implications for Workers’ Compensation Programs; (4) Methodology; and (5) Next Steps for Workers’ Compensation Programs.
“This report essentially serves as a roadmap for the workers’ compensation industry,” said Anders. “MSP is no longer a technical compliance exercise – it is a lever that can be pulled to materially influence claim closure. We are honored to provide the entire industry with this tool, and we look forward to partnering with industry professionals who want to begin experiencing the benefits of a disciplined MSP framework.”
ABOUT TOWER MSA PARTNERS
Tower MSA Partners is an industry-leading provider of Medicare Secondary Payer (MSP) compliance and Medicare Set-Aside (MSA) services. The company partners with insurers, self-insured employers, third-party administrators (TPAs), and attorneys to reduce claim costs, mitigate risks, and expedite workers' compensation and liability settlements.
Tower uses a proprietary MSP Automation Suite technology platform to help claims teams navigate complicated government regulations. Core service areas include CMS-compliant MSA allocations and cost-reduction strategies; resolving conditional payment demands and Medicare Advantage plan liens; assisting clients with mandatory CMS Section 111 reporting; and working to settle stagnant legacy claims.
To learn more, visit towermsa.com or follow us on LinkedIn.
Key Takeaways Murphy USA posted Q1 2026 net income of $136.3M as fuel contribution rose to 35 cents per gallon.Casey's Q3 2026 inside gross profit rose 8.9%, supported by prepared food and beverage demand.MUSA trades at 18.9 forward P/E versus 41.8 for CASY, with a stronger EPS estimate revisions. Murphy USA (MUSA - Free Report) and Casey’s General Stores (CASY - Free Report) are two of the most successful convenience store operators in the United States, but they follow very different strategies. Murphy USA is built around a high-volume, low-cost fuel retail model targeting value-conscious customers, while Casey’s focuses on a food-forward convenience model driven by prepared meals and a growing loyalty ecosystem.
Both companies have delivered strong recent results. For investors in the convenience retail sector, the key question is which stock offers the better opportunity today.
The Case for Murphy USAMurphy USA has differentiated itself through an everyday low-price fuel strategy. The company operates more than 1,800 locations across 27 states and serves nearly 2 million customers daily, making fuel traffic the core driver of its business model.
First-quarter 2026 results underscored the strength of this approach. Net income rose to $136.3 million, or $7.28 per diluted share, compared with $53.2 million, or $2.63, in the prior-year quarter. Adjusted EBITDA increased to $277.9 million from $157.4 million.
A key driver was stronger fuel profitability. Total fuel contribution reached 35 cents per gallon compared with 25.4 cents a year earlier, lifting fuel contribution to $403.9 million from $287.3 million. This improvement reflected favorable supply dynamics and stronger market conditions.
The merchandise segment also showed steady improvement. Merchandise contribution increased 7.3% year over year to $210.2 million, supported by higher unit margins and continued growth in nicotine-related products.
Capital allocation remains another strength. Murphy USA repurchased about 169,000 shares for $70.9 million during the quarter while continuing dividend payments. Ongoing buybacks have consistently supported earnings per share growth.
Looking ahead, management plans to open 45 to 55 new stores in 2026, with 18 already under construction in early 2026. This controlled expansion should support volume growth while maintaining operating efficiency.
The Case for Casey’sCasey’s operates a different model, where inside-store sales — particularly prepared food — play a larger role in profitability than fuel alone.
Fiscal third-quarter 2026 results highlighted this strength. Net income rose 49.3% year over year to $130.1 million, while earnings per share increased 66.2% to $4.37. EBITDA grew 27.5% to $308.9 million.
Inside sales remain the primary growth engine. Inside gross profit increased 8.9% to $624 million, while same-store inside sales rose 4%. Prepared food and beverage sales grew 4.3%, led by strong demand for pizzas and hot sandwiches.
Margins are a key advantage. Casey’s inside margin reached 42.2%, with prepared food and beverage margins at 58.3%, significantly higher than typical fuel retail margins. This mix helps create a more stable and diversified earnings base.
Fuel performance was also solid, with same-store gallons up 0.4% and fuel margin at 41 cents per gallon. Total fuel gross profit rose 15.3% year over year.
The company is also strengthening customer engagement. Casey’s Rewards program has surpassed 10 million members, improving retention and enabling more targeted promotions.
Scale supports the model as well, with roughly 2,900 stores across 19 states and about 800 million annual guest transactions.
Valuation and Growth OutlookThe two companies offer different investment profiles. Murphy USA is more leveraged to fuel margins and volume trends, while Casey’s benefits from a more balanced mix of fuel and high-margin food sales.
Image Source: Zacks Investment Research
MUSA trades at a forward 12-month P/E of 18.9X, compared with Casey’s at 41.8X, making the former significantly cheaper on earnings multiples.
From a growth perspective, Casey’s benefits from the continued expansion of its food business and loyalty ecosystem, which supports steady same-store sales growth. However, Murphy USA shows stronger near-term earnings momentum, driven by fuel profitability and operating leverage, assuming stable fuel conditions.
Price Performance
Image Source: Zacks Investment Research
Over the past three months, Murphy USA’s shares gained 24.2%, slightly trailing Casey’s, which advanced 25.1%. This indicates that Casey’s modestly outperformed Murphy USA during the period.
EPS Estimate RevisionsAnalysts have turned more positive on Murphy USA over the past 60 days. Fiscal 2026 consensus estimates increased 26.65%, with 2027 estimates up 8.16%.
Image Source: Zacks Investment Research
In contrast, Casey's saw more modest revisions, with fiscal 2027 estimates up 4.09% and fiscal 2028 estimates up 6.43%, reflecting a steadier but less pronounced improvement in earnings expectations.
Image Source: Zacks Investment Research
Which Stock Is the Better Buy Now?Both companies are well-run operators with strong execution and expanding footprints. Casey’s stands out for its differentiated food platform, strong loyalty program and diversified profit mix, which together create a durable long-term retail franchise.
However, Murphy USA appears more attractive in the near term. It is delivering stronger earnings growth, benefiting from favorable fuel contribution trends, improving merchandise margins and active share repurchases. It also carries a stronger analyst momentum profile and a lower valuation multiple. Notably, both Murphy USA and Casey's currently carry a Zacks Rank #1 (Strong Buy), reflecting favorable earnings outlooks. However, Murphy USA's stronger estimate revisions, lower valuation and superior near-term earnings momentum make it the more compelling buy for investors seeking a combination of value and growth. You can see the complete list of today’s Zacks #1 Rank stocks here.
Here are two stocks with buy rank and strong value characteristics for investors to consider today, June 18:
Murphy USA Inc. MUSA: This retail fuel marketing company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing by 26.7% over the last 60 days.
Murphy has a price-to-earnings ratio (P/E) of 17.64 compared with 29.50 for the industry. The company possesses a Value Scoreof B.
Paycom Software, Inc. PAYC: This cloud-based human capital management company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing by 2.8% over the last 60 days.
Paycom Software has a price-to-earnings ratio (P/E) of 12.11 compared with 190.60 for the industry. The company possesses a Value Score of A.
See the full list of top ranked stocks here.
Learn more about the Value score and how it is calculated here.
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
TWFG, Inc. (TWFG - Free Report) : This insurance company has seen the Zacks Consensus Estimate for its current year earnings increasing 9.7% over the last 60 days.
XPO, Inc. (XPO - Free Report) : This freight transportation services company has seen the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days.
Murphy USA Inc. (MUSA - Free Report) : This retail fuel marketing company has seen the Zacks Consensus Estimate for its current year earnings increasing 26.7% over the last 60 days.
Flywire Corporation (FLYW - Free Report) : This payment enablement and software company has seen the Zacks Consensus Estimate for its current year earnings increasing 236.7% over the last 60 days
Kiniksa Pharmaceuticals International, plc (KNSA - Free Report) : This biopharmaceutical company has seen the Zacks Consensus Estimate for its current year earnings increasing 13.8% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks hitting their 52-week high and delivering consistent performances offer attractive opportunities to investors while building a portfolio. This is because stocks near that level are perceived to be winners. However, stocks touching a new 52-week high are often predisposed to profit-taking, resulting in pullbacks and trend reversals.
Given the high price, investors often wonder if the stock is overpriced. While the speculations are not absolutely baseless, all stocks hitting a 52-week high are not necessarily overpriced.
Investors might lose out on top gainers in an attempt to avoid the steep prices.
Stocks such as Murphy USA (MUSA - Free Report) , DaVita (DVA - Free Report) , Hewlett Packard (HPE - Free Report) and Vishay Intertechnology (VSH - Free Report) are expected to maintain their momentum and keep scaling new highs. Extensive information on a stock is necessary to understand whether or not there is scope for upside.
Here, we discuss a strategy to find the right stocks. The strategy borrows from the basics of momentum investing. This technique bets on “buy high, sell higher.”
We ran a screen to zero in on 52-week high stocks (trading near the high level) that hold tremendous upside potential. The screen includes parameters to shortlist stocks with strong earnings growth expectations, sturdy value metrics and price momentum.
Moreover, the screen filters stocks that are relatively undervalued compared to their peers in terms of earnings as well as sales, ensuring the continuation of their rally for some time.
Current Price/52 Week High >= .11: This is the ratio between the current price and the highest price at which the stock has traded in the past 52 weeks. A value greater than 0.11 implies that the stock is trading within 20% of its 52-week high range.
% Change Price – 4 Weeks > 0: It ensures that the stock price has moved north over the past four weeks.
% Change Price – 12 Weeks > 0: This metric guarantees a continued upward price momentum for the stock over the past three months as well.
Price/Sales <= XIndMed: The lower, the better.
P/E using F(1) Estimate <= XIndMed: This metric measures the amount an investor puts into a company to obtain one dollar of earnings. It narrows down the list of stocks to those that are undervalued compared to the industry.
1-Year EPS Growth F(1)/F(0) >= XIndMed: This helps choose stocks that have higher growth rates than the industry. This is a meaningful indicator, as decent earnings growth adds to investor optimism.
Zacks Rank <=2: No screening is complete without the Zacks Rank, which has proved its worth since its inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or #2 (Buy) have always managed to brave adversities and beat the market average. You can see the complete list of today’s Zacks #1 Rank stocks here.
Current Price >= 8: This parameter will help screen stocks that are trading at $8 or higher.
Volume – 20 days (shares) >= 100000: The inclusion of this metric ensures that there is a substantial volume of shares, so trading is easier.
Here are our four picks out of the 22 stocks, each carrying a Zacks Rank #1, that made it through the screen:
Murphy USA's recent company disclosures point to a fuel-and-convenience retailer gaining steady momentum. April's first-quarter results showed fuel contribution strengthening to 35 cents per gallon and merchandise contribution dollars rising 7.3%. Management reaffirmed plans to open 45 to 55 new stores in 2026, with six already in service and 18 more under construction. In May, the board lifted the quarterly dividend to 64 cents per share, a 28% increase from a year earlier, and the company priced $500 million of senior notes carrying investment-grade ratings to refinance outstanding 2027 debt, extending maturities to 2034. That increased dividend was paid to shareholders on June 1, underscoring a disciplined, shareholder-friendly capital framework alongside continued investment in store growth and ongoing reinvestment programs.
The Zacks Consensus Estimate for the company’s 2026 earnings has moved 26.6% north to $32.32 per share in the past 60 days. MUSA surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 16.56%.
DaVita is set to enter the second half of 2026 on an encouraging footing. Management raised full-year guidance, lifting expected adjusted operating income to $2.15–$2.25 billion and adjusted EPS to $14.1–$15.2, alongside a $1–$1.25 billion free cash flow target. First-quarter revenues reached $3.42 billion, with U.S. dialysis treatment volumes and per-treatment reimbursement both improving year over year. The company served roughly 296,300 patients across 3,262 centers worldwide as of March 31, 2026, reflecting steady international expansion. Capital discipline remains a tailwind: DaVita repurchased 3 million shares in the first quarter, followed by another 2.0 million shares through early May, signaling continued confidence from leadership. With raised guidance, disciplined execution, and ongoing investment in integrated kidney care, DaVita looks well-positioned for steady near-term progress.
The Zacks Consensus Estimate for the company’s 2026 earnings has moved 6.4% north to $15.07 per share in the past 60 days. DVA’s earnings surpassed the Zacks Consensus Estimate thrice in the trailing four quarters while missing the same once, the average surprise being 2.4%.
Hewlett Packard is gaining fundamental ground across its key business segments. Its April announcement expanded the ProLiant edge portfolio for AI and mission-critical workloads, broadening addressable use cases. By May, the company completed its H3C divestiture, receiving roughly $1.36 billion in proceeds and strengthening balance-sheet flexibility. Its second-quarter results in June showed record revenues, expanding margins and free cash flow well ahead of plan, prompting management to raise full-year revenues, EPS, and free-cash-flow guidance, alongside a new fiscal 2027 growth framework. Networking revenues surged on Juniper integration, while Cloud & AI margins improved meaningfully. With a steady dividend, disciplined cost execution and AI-networking momentum highlighted at Discover 2026, HPE's fundamentals point to a constructive near-term trajectory.
The Zacks Consensus Estimate for the company’s fiscal 2026 earnings has moved 41.5% north to $3.41 per share in the past 60 days. HPE surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 15.97%.
Vishay Intertechnology enters the back half of 2026 with genuine operational momentum. First-quarter revenues reached $839.2 million with gross margin expanding to 21.0%. A 1.34 book-to-bill ratio—1.47 for semiconductors—signals demand outpacing shipments. Management guided second-quarter revenues to $875–905 million with gross margin near 22%, implying continued sequential improvement as the "Vishay 3.0" capacity investments mature. Its board reaffirmed a 10-cent quarterly dividend, which underscores balance-sheet discipline. Product momentum remains robust. April through June brought new FRED Pt rectifiers, automotive-grade optocouplers, high-current inductors, and a 200 A power module targeting EVs, solar inverters, and aerospace applications, which broadened Vishay's addressable end-markets. With a backlog of 5.7 months and rising lead-time competitiveness, its fundamentals point toward a constructive near-term setup.
The Zacks Consensus Estimate for the company’s 2026 earnings has increased by 47.1% to 75 cents per share in the past 60 days. VSH’s earnings surpassed the Zacks Consensus Estimate twice in the trailing four quarters, while missing the same twice, the average negative surprise being 108.33%.
Two brands synonymous with summer fun have teamed up on a collection inspired by Dippin' Dots' iconic beaded ice cream
, /PRNewswire/ - Sanuk, the fun-loving footwear brand blending comfort, function, and laid-back coastal vibes, has partnered with Dippin' Dots, the original beaded ice cream, to design a limited-edition take on its bestselling Bubblecush Flip Flops for kids.
Available in youth and toddler sizing, the collection includes two exclusive colorways, Mint Chocolate and Rainbow Ice, which nod to popular flavors of the beloved frozen treat.
Sanuk Bubblecush and Dippin' Dots kids sandals The Bubblecush x Dippin' Dots Flip Flops are made with Sanuk's one-of-a-kind beaded foam Bubblecush footbed for a fun and bouncy underfoot feel, plus water-friendly materials and a grippy recycled rubber outsole ready for any adventure.
The collaboration brings together two brands that have been loved by generations of families, each capturing the nostalgia, playfulness, and carefree moments that define summer.
"Sanuk has always been about turning everyday steps into something more fun and memorable," said Katie Pruitt, VP and General Manager at Sanuk. "Dippin' Dots brings a shared sense of joy and connection across generations, and this collaboration felt like a natural way to celebrate that spirit—echoing the resemblance between its iconic beaded ice cream and our beaded Bubblecush footbed."
"We are proud to partner with Sanuk," says Carol Janet, CEO of Design Plus and exclusive global licensing agent for Dippin' Dots® Ice Cream. "At Design Plus we are dot crazy and it's all about building brand awareness step by step with select licensees."
The Bubblecush x Dippin' Dots collection is available now at sanuk.com and select wholesale partners nationwide with styles starting at $39.
About Sanuk®
Welcome to the never-ending party for your feet. Founded in 1997, Sanuk is an unconventional footwear brand on a mission to keep you comfy, protect our happy places and cultivate community. Inspired by its Southern California roots and namesake – the Thai word for "fun" – the brand's playful, comfort-led designs include sandals, sneakers and slip-ons for the whole family. For more information about Sanuk, a division of Lolë Brands, visit sanuk.com or follow along @sanuk on Instagram and @sanuk_footwear on TikTok. #SmileOn
About Dippin' Dots, L.L.C.
Dippin' Dots has produced and distributed its flash-frozen tiny beads of ice cream, yogurt, and flavored ice products since 1988. Made at the company's production facility in Paducah, Kentucky, Dippin' Dots, part of J&J Snack Foods Corp. (NASDAQ: JJSF), distributes its unique frozen products in all 50 states and seven countries through its franchised and direct distribution network. For more information, including business opportunities, visit www.dippindots.com. Follow Dippin' Dots on Facebook, Instagram and LinkedIn.
About Design Plus
Design Plus is an international licensing boutique, founded in 1983 and headquartered in Atlanta GA. Design Plus builds brand awareness and consumer loyalty for brand owners through carefully designed licensing programs and select licensees. For additional information visit www.dplicensing.com
AST SpaceMobile, Inc. (ASTS - Free Report) closed at $82.25 in the latest trading session, marking a -6.08% move from the prior day. This change lagged the S&P 500's daily loss of 0.57%. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq depreciated by 1.15%.
Prior to today's trading, shares of the company had gained 0.85% lagged the Computer and Technology sector's gain of 2.85% and the S&P 500's gain of 2.14%.
The investment community will be paying close attention to the earnings performance of AST SpaceMobile, Inc. in its upcoming release. It is anticipated that the company will report an EPS of -$0.28, marking a 31.71% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $34.32 million, indicating a 2858.28% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.47 per share and a revenue of $164.76 million, representing changes of -9.7% and +132.32%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AST SpaceMobile, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AST SpaceMobile, Inc. is currently sporting a Zacks Rank of #4 (Sell).
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 213, putting it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
BlueBird satellites are the largest commercial communications arrays ever deployed in low Earth orbit, measuring approximately 2,400 square feet, for government and commercial use
BlueBird satellites are designed to enable peak data speeds of nearly 200 Mbps directly to standard smartphones, enabling voice, broadband data, and video from space
BlueBird satellites through BlueBird 37 in production, while BlueBirds 11, 12, and 13 are in final preparations for shipment to Cape Canaveral
MIDLAND, Texas--(BUSINESS WIRE)--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced the successful orbital launch of its BlueBirds 8, 9, and 10 satellites.
The BlueBird 8, 9, 10 mission lifted off at 2:39 EDT on Wednesday, June 17, from Cape Canaveral Space Force Station aboard a Falcon 9 rocket, marking another important milestone in AST SpaceMobile’s continued network deployment enabling true space-based cellular broadband connectivity directly to everyday smartphones.
BlueBirds 8, 9, and 10 satellites are the largest commercial communications arrays ever deployed in low Earth orbit, measuring approximately 2,400 square feet. Their expansive antenna arrays enable direct, reliable connectivity to standard smartphones, with high power generation in orbit. The result is more targeted coverage, reduced interference, increased capacity, and seamless cellular broadband experience. These next-generation satellites are designed to deliver nearly double the peak data speeds of the company's initial Block 1 BlueBird satellites, which recently achieved peak download speeds of 98.9 Mbps directly to standard smartphones, supporting voice, broadband data, and video applications from space.
“BlueBirds 8, 9, and 10 represent the continued execution of a vision once considered impossible: space-based cellular broadband to everyone, everywhere” said Abel Avellan, Founder, Chairman, and CEO of AST SpaceMobile. “Our team has built a new class of space-based cellular broadband technology that connects seamlessly to everyday smartphones. This is a fundamental transformation of how the world connects. We invented this market, and we are executing and advancing our network to make global, space-based cellular broadband a reality.”
“This first stacked launch is just the beginning,” Avellan added. “BlueBirds 11, 12, and 13 will ship shortly for our next launch, while next-generation BlueBird satellites through BlueBird 37 are already in active production and assembly Our focus is firmly on execution: scaling launch cadence, manufacturing, and preparing for commercial service.”
Each launch advances the company’s goal of delivering seamless, space-based cellular broadband integrated with terrestrial mobile networks, leveraging a flexible spectrum strategy across both partner and AST SpaceMobile spectrum, together with standard 4G and 5G devices.
BlueBird satellites are assembled, integrated, and tested at AST SpaceMobile’s facilities in Midland Texas, reflecting the company’s commitment to U.S.-based innovation and manufacturing. AST SpaceMobile now operates over 500,000 square feet of manufacturing and operations facilities worldwide, supported by a 2,250+ workforce, and a technology platform backed by over 3,900 patents and patent-pending claims.
As the constellation grows, the company progresses toward initial service activation and continuous coverage across key markets including the United States, Canada, Europe, Saudi Arabia, and Japan, in collaboration with leading mobile network operators AT&T, Verizon, Vodafone, Rakuten, Bell, Telus, and stc Group, as well as the U.S. Government and other strategic markets.
AST SpaceMobile has agreements with nearly 60 mobile network operators globally representing more than 3 billion subscribers combined, together with strategic partnerships with AT&T, Verizon, Vodafone, Rakuten, Google, Bell, Telus, stc Group, and American Tower.
About AST SpaceMobile
AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio, and designed for both commercial and government applications. Our engineers and space scientists are on a mission to enable 4G and 5G space-based cellular broadband to every device, everywhere, for today’s nearly 6 billion mobile subscribers globally. For more information, follow AST SpaceMobile on YouTube, X (Formerly Twitter), LinkedIn and Facebook. Watch this video for an overview of the SpaceMobile mission.
Forward-Looking Statements
This communication contains “forward-looking statements” that are not historical facts, and involve risks and uncertainties that could cause actual results of AST SpaceMobile to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “may,” “will,” “would,” “potential,” “projects,” “predicts,” “continue,” or “should,” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside AST SpaceMobile’s control and are difficult to predict.
Factors that could cause such differences include, but are not limited to: (i) expectations regarding AST SpaceMobile’s strategies and future financial performance, including AST’s future business plans or objectives, expected functionality of the SpaceMobile Service, anticipated timing of the launch of the Block 2 BlueBird satellites, anticipated demand and acceptance of mobile satellite services, prospective performance and commercial opportunities and competitors, the timing of obtaining regulatory approvals, ability to finance its research and development activities, commercial partnership acquisition and retention, products and services, pricing, marketing plans, operating expenses, market trends, revenues, liquidity, cash flows and uses of cash, capital expenditures, and AST SpaceMobile’s ability to invest in growth initiatives; (ii) the negotiation of definitive agreements with mobile network operators relating to the SpaceMobile Service that would supersede preliminary agreements and memoranda of understanding and the ability to enter into commercial agreements with other parties or government entities; (iii) the ability of AST SpaceMobile to grow and manage growth profitably and retain its key employees and AST SpaceMobile’s responses to actions of its competitors and its ability to effectively compete; (iv) changes in applicable laws or regulations; (v) the possibility that AST SpaceMobile may be adversely affected by other economic, business, and/or competitive factors; (vi) the outcome of any legal proceedings that may be instituted against AST SpaceMobile; and (vii) other risks and uncertainties indicated in the Company’s filings with the Securities and Exchange Commission (SEC), including those in the Risk Factors section of AST SpaceMobile’s Form 10-K filed with the SEC on March 2, 2026, its Form 10-Q for the fiscal quarter ended March 31, 2026 filed with the SEC on May 11, 2026 and the future reports that it may file from time to time with the SEC.
AST SpaceMobile cautions that the foregoing list of factors is not exclusive. AST SpaceMobile cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors in AST SpaceMobile’s Form 10-K filed with the SEC on March 2, 2026, its Form 10-Q for the fiscal quarter ended March 31, 2026 filed with the SEC on May 11, 2026 and the future reports that it may file from time to time with the SEC. AST SpaceMobile’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities law, AST SpaceMobile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
AST SpaceMobile Inc (NASDAQ:ASTS) shares moved about 4% higher on Wednesday after the company announced the successful launch of three new BlueBird satellites, expanding its planned space-based cellular broadband network.
The satellites, designated BlueBirds 8, 9 and 10, were launched aboard a SpaceX Corp (NASDAQ:SPCX) Falcon 9 rocket from Cape Canaveral Space Force Station at 2:39 a.m. Eastern Daylight Time.
According to the company, the satellites are the largest commercial communications arrays deployed in low Earth orbit, with antenna arrays measuring about 2,400 square feet. AST SpaceMobile said the satellites are designed to provide direct connectivity to standard smartphones without requiring specialized equipment.
The company said the new Block 2 BlueBird satellites are expected to deliver peak data speeds of nearly 200 megabits per second, roughly double the performance target of its initial Block 1 satellites. Earlier this year, AST SpaceMobile reported peak download speeds of 98.9 Mbps during testing of its first-generation satellites.
AST CEO Abel Avellan said the launch marks another step in the company's effort to build a global space-based cellular broadband network.
“Our team has built a new class of space-based cellular broadband technology that connects seamlessly to everyday smartphones. This is a fundamental transformation of how the world connects,” Avellan said. “We invented this market, and we are executing and advancing our network to make global, space-based cellular broadband a reality.”
He added that BlueBirds 11, 12 and 13 are being prepared for shipment ahead of a future launch, while satellites through BlueBird 37 are already in production and assembly.
AST SpaceMobile said the growing constellation is intended to support voice, data and video services directly to conventional 4G and 5G smartphones through partnerships with mobile network operators. The company has agreements with nearly 60 operators worldwide representing more than 3 billion subscribers, including AT&T, Verizon, Vodafone, Rakuten, Bell, Telus and stc Group.
The company said it is targeting initial service activation and expanded coverage across markets including the United States, Canada, Europe, Saudi Arabia and Japan as additional satellites are deployed.
Stock futures are little changed Wednesday morning, with Dow Jones Industrial Average (DJI) and S&P 500 (SPX) futures hovering near the flatline, after the blue-chip index closed at another record high in the previous session. Nasdaq-100 (IXIC) futures are up triple digits, pointing to a stronger open for tech and semiconductor stocks.
Investors are weighing higher oil prices after President Donald Trump signaled a final agreement with Iran has yet to be reached, and would "go right back to dropping bombs” if the agreement doesn't meet his standards. Attention now turns to the Federal Reserve’s latest interest rate decision at 2:00 p.m., and new Chairman Kevin Warsh’s first post-meeting press conference. Investors are expecting rates to remain unchanged.
Continue reading for more on today's market, including:
Faltering homebuilding stock rebounds before earnings. Senior Quantitative Analyst Rocky White compares SPCX's historical debut among others. Plus, INTC rebounds, streaming favorite turned LION away, ASTS' satellite launch.
5 Things You Need to Know Today The Cboe Options Exchange saw more than 2.4 million call contracts and 1.4 million put contracts traded on Tuesday. The single-session equity put/call ratio rose to 0.59, while the 21-day moving average remained at 0.59. Chipmaker Intel Corp (NASDAQ:INTC) is up 2.7% ahead of the open, as the company enters the initial production of its chip manufacturing segment. Intel stock is not far off its May 11 record high of $132.75, and is up 217% in 2026. Lionsgate Studios Corp (NYSE:LION) has shed 5.5% in premarket trading after Netflix (NFLX) squashed rumors about acquiring the media conglomerate. Shares reached an all-time high of $16.70 yesterday, though today's pullback has LION poised to snap a five-day win streak. Jumping off its successful BlueBird trio satellite launch, AST SpaceMobile (NYSE:ASTS) shares are 6% higher before the open, with optimism that the company will continue to build its cellular broadband network in space. Carrying a 27% month-to-date deficit, ASTS is looking to rebound off the $80 level and add to its 96% year-over-year gain. Investors are tuning in to more than the Fed interest rate decision this week.
Kospi Leads Asian Markets Higher Asian markets closed mostly higher on Wednesday. China's State Council issued a new five-year employment plan, reaffirming its commitment to maintaining labor market stability, while the People’s Bank of China (PBOC) announced it was deepening control over short-term money markets. The South Korean Kospi led the regional gains with a 1.6% rise, while Japan’s Nikkei jumped 0.7%, and China’s Shanghai Composite tacked on 0.4%. Hong Kong’s Hang Seng was the only loser, shedding 0.7%.
European markets are trading with caution today. London’s FTSE 100 was last seen down 0.03%, while the German DAX falls 0.1%, and the French CAC 40 rises 0.1%.
AST SpaceMobile (NASDAQ:ASTS) stock was up 6% in Wednesday morning trading to $87 and change, after the company confirmed the successful launch of its three largest direct-to-phone satellites overnight. Meanwhile, SpaceX (NASDAQ:SPCX) stock rose 3% to $208 and change as the rocket maker added another high-profile commercial mission to its 2026 cadence.
AST SpaceMobile shares are back in focus after a choppy stretch. ASTS stock closed Tuesday at $82 and is up 120% over the past year. SpaceX stock, a recent IPO with only a handful of trading days on the tape, finished Tuesday at $202.
Falcon 9 Delivers AST SpaceMobile’s Biggest Satellites Yet SpaceX launched AST SpaceMobile’s BlueBird 8, 9, and 10 satellites aboard a Falcon 9 rocket from Cape Canaveral, with liftoff at 2:39 a.m. EDT. AST SpaceMobile announced the deployment was successful, getting its constellation buildout back on schedule.
These are AST SpaceMobile’s largest and most capable satellites to date. Each carries an antenna array spanning roughly 2,400 square feet, described as the largest commercial communications arrays ever deployed in low Earth orbit, and they are engineered to deliver peak data speeds of nearly 200 Mbps directly to standard, unmodified smartphones, supporting voice, broadband, and video without specialized hardware. That figure is nearly double the 98.9 Mbps peak download speed demonstrated by first-generation Block 1 BlueBirds.
The launch also marks a clean recovery from a setback earlier this year. AST SpaceMobile’s deployment plans were disrupted in April 2026, when a catastrophic explosion of Blue Origin’s New Glenn rocket delayed the schedule. Wednesday’s Falcon 9 success puts the constellation timeline back on its previously guided path.
Direct-to-Device Story Pulls Peers Along AST SpaceMobile’s commercial ecosystem is the largest piece of the bull case. The company has agreements with nearly 60 mobile network operators globally, representing more than 3 billion subscribers combined. AST SpaceMobile also holds over 3,900 patents and pending claims.
The company’s management has reaffirmed full-year 2026 revenue guidance of $150 million to $200 million and a target of approximately 45 BlueBird satellites in orbit by year-end. AST SpaceMobile finished Q1 2026 with $3.03 billion in cash, providing meaningful runway for the constellation buildout. The current sell-side consensus price target sits at $81.
SpaceX stock has been volatile since its debut. SPCX shares have rocketed higher, and Reddit chatter has been heavy, with 52,903 upvotes driving the SPCX conversation on social channels in recent days. Wednesday’s mission adds another data point to SpaceX’s launch cadence narrative.
What to Watch From Here The next anticipated operational checkpoints come quickly. AST SpaceMobile said BlueBirds 11, 12, and 13 are in final preparations for shipment to Cape Canaveral, with next-generation satellites through BlueBird 37 already in production. CEO Abel Avellan has emphasized scaling launch cadence, manufacturing, and preparation for commercial service activation.
Both names carry real risk. AST SpaceMobile is still pre-commercial, building toward initial service activation, with execution and regulatory hurdles ahead. SpaceX is a brand-new public listing and has traded with sharp swings.
Investors might consider keeping their position sizes modest while these stories play out. They can also watch for whether ASTS stock holds the premarket bid into the open, the cadence of the next Falcon 9 mission for BlueBirds 11 through 13, and any follow-up commentary from AST SpaceMobile on commercial activation timelines in the U.S., Canada, Japan, the UK, and Saudi Arabia.
AST SpaceMobile ASTS shares moved higher on Wednesday after the company successfully launched three of its largest communications satellites aboard a SpaceX Falcon 9 rocket.
The launch marked an important milestone in its effort to build a space-based cellular broadband network.
The launch sent BlueBird 8, 9, and 10 into orbit from Cape Canaveral Space Force Station at 2:39 a.m. EDT.
Investors welcomed the development following a setback earlier this year when a previous satellite mission was lost after a failed launch involving Blue Origin's New Glenn rocket.
AST SpaceMobile shares gained 4% in trading following the successful deployment, while SpaceX shares moved lower, taking a breather after its blistering rally.
The latest satellites are the largest and most advanced spacecraft deployed by AST SpaceMobile to date.
Each satellite features an antenna array spanning approximately 2,400 square feet, making it among the largest commercial communications arrays placed into low Earth orbit.
The company said the Block 2 BlueBird satellites are designed to deliver peak data speeds of nearly 200 Mbps directly to standard smartphones.
That represents a significant improvement from the 98.9 Mbps peak download speeds achieved by the company's first-generation Block 1 satellites.
AST SpaceMobile is developing a satellite network capable of connecting directly to existing 4G and 5G smartphones without requiring users to purchase specialized satellite hardware.
The company believes the technology will support voice calls, broadband internet access, and video services through space-based connectivity.
The launch increases AST SpaceMobile's total satellite count in orbit to nine.
However, investors are expected to closely monitor the next phase of the mission, as confirmation that the satellites have successfully unfolded and are operating correctly may take several weeks.
The mission also highlights SpaceX's dominant position in the commercial launch industry.
While SpaceX provided launch services for AST SpaceMobile, the companies are simultaneously competing in the rapidly developing direct-to-device satellite communications market.
SpaceX's Starlink Mobile initiative aims to provide broadband-quality smartphone connectivity from space and is targeting commercial availability by the end of next year.
Despite the competitive dynamic, AST SpaceMobile continues to rely on SpaceX's Falcon 9 launch capabilities as it builds its satellite constellation.
The successful launch also helps ease concerns that emerged following the failed Blue Origin mission in April, which raised questions about AST SpaceMobile's ability to reach its goal of placing at least 45 satellites into orbit by the end of the year.
AST SpaceMobile said BlueBirds 11, 12, and 13 are already being prepared for shipment to Cape Canaveral ahead of future launches.
The company also confirmed that next-generation satellites through BlueBird 37 are currently in production and assembly at its facilities in Midland, Texas.
AST SpaceMobile operates more than 500,000 square feet of manufacturing and operations facilities worldwide and employs over 2,250 people.
The company said it holds more than 3,900 patents and patent-pending claims.
The company has agreements with nearly 60 mobile network operators representing more than 3 billion subscribers globally, including partnerships with AT&T, Verizon, Vodafone, Rakuten, Google, Bell, Telus, stc Group, and American Tower.
Founder, Chairman, and CEO Abel Avellan said the launch represents "the continued execution of a vision once considered impossible: space-based cellular broadband to everyone, everywhere."
As AST SpaceMobile continues expanding its constellation and preparing for commercial service, investors remain focused on whether the company can successfully scale deployment and deliver direct-to-smartphone connectivity at a global level.
ASTS stock is climbing. See the chart and price action here. Momentus’ New ContractMonmentus shares are up 9.04% to $10.15 intraday. Wednesday's strength follows a new contract announcement with the University of Colorado Boulder’s Laboratory for Atmospheric and Space Physics, where Momentus will host and operate the Occultation Wave Limb Sounder mission aboard its Vigoride-9 Orbital Service Vehicle.
The deal adds an academic customer to a roster that already includes NASA and the U.S. Department of Defense.
MNTS stock remains up more than 100% year-to-date despite a 27% drop on June 12 after pricing a $25 million registered direct offering.
AST SpaceMobile Launches SatellitesASTS is adding 6.75% to $87.80 after successfully launching BlueBird 8, 9, and 10 satellites aboard a SpaceX Falcon 9 rocket from Cape Canaveral on Wednesday morning.
The launch advances the company’s space-based cellular broadband constellation and keeps its direct-to-device deployment timeline intact.
ASTS had been under pressure following the SPCX debut, falling more than 20% from its all-time high.
The BlueBird launch — along with growing investor attention on a potential Japanese government satellite broadband contract expected to be awarded this month — is helping restore confidence heading into summer.
Around The SectorThe broader space sector is moving higher Wednesday.
Looking AheadThe SpaceX IPO initially acted as a capital vacuum, drawing money away from smaller public space plays. The dynamic may have flipped.
With the IPO hype absorbed and a confirmed BlueBird launch providing a concrete operational milestone, investors appear ready to revisit the commercial space sector.
Whether Wednesday's session marks a durable re-rating or another short-lived bounce remains to be seen — but for now, the space trade is back on.
Image: Shutterstock
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AST SpaceMobile (ASTS) rose 5.08% intraday after confirming the successful orbital launch of BlueBirds 8, 9, and 10, aboard a SpaceX (SPCX) Falcon 9 from Cape C
AST SpaceMobile Inc (NASDAQ:ASTS) shares moved about 4% higher on Wednesday after the company announced the successful launch of three new BlueBird satellites, expanding its planned space-based cellular broadband network.
The satellites, designated BlueBirds 8, 9 and 10, were launched aboard a SpaceX Corp (NASDAQ:SPCX) Falcon 9 rocket from Cape Canaveral Space Force Station at 2:39 a.m. Eastern Daylight Time.
According to the company, the satellites are the largest commercial communications arrays deployed in low Earth orbit, with antenna arrays measuring about 2,400 square feet. AST SpaceMobile said the satellites are designed to provide direct connectivity to standard smartphones without requiring specialized equipment.
The company said the new Block 2 BlueBird satellites are expected to deliver peak data speeds of nearly 200 megabits per second, roughly double the performance target of its initial Block 1 satellites. Earlier this year, AST SpaceMobile reported peak download speeds of 98.9 Mbps during testing of its first-generation satellites.
AST CEO Abel Avellan said the launch marks another step in the company's effort to build a global space-based cellular broadband network.
“Our team has built a new class of space-based cellular broadband technology that connects seamlessly to everyday smartphones. This is a fundamental transformation of how the world connects,” Avellan said. “We invented this market, and we are executing and advancing our network to make global, space-based cellular broadband a reality.”
He added that BlueBirds 11, 12 and 13 are being prepared for shipment ahead of a future launch, while satellites through BlueBird 37 are already in production and assembly.
AST SpaceMobile said the growing constellation is intended to support voice, data and video services directly to conventional 4G and 5G smartphones through partnerships with mobile network operators. The company has agreements with nearly 60 operators worldwide representing more than 3 billion subscribers, including AT&T, Verizon, Vodafone, Rakuten, Bell, Telus and stc Group.
The company said it is targeting initial service activation and expanded coverage across markets including the United States, Canada, Europe, Saudi Arabia and Japan as additional satellites are deployed.
Key Takeaways ASTS is expanding its space-based cellular network and targets 45 BlueBird satellites in orbit in 2026.ASTS has nearly 60 mobile operator partners, covering more than 3 billion subscribers worldwide.ASTS faces pressure from Starlink, Globalstar and Amazon, while launch and execution risks persist. AST SpaceMobile (ASTS - Free Report) is steadily expanding its space-based cellular broadband network portfolio. The company is gearing up for the launch of BlueBird satellites 8, 9 and 10. As the company moves closer to commercial deployment, ASTS has created several strategic advantages.
Its ecosystem includes nearly 60 global mobile network operator partners covering over 3 billion subscribers, and it has secured over $1.2 billion in contracted revenue commitments from commercial partners. Growing collaboration with leading telecom operators such as AT&T, Verizon, Vodafone, Rakuten, Bell Canada and TELUS has significantly broadened its footprint worldwide. The FCC authorization for U.S. operations using spectrum coordinated with Verizon, AT&T and FirstNet further deepens these relationships. The company targets approximately 45 BlueBird satellites in orbit during 2026.
Key Challenges for ASTSHowever, despite these positive factors, the company faces some major challenges. The mobile satellite services market is becoming highly competitive. The company faces competition from players such as Space Exploration Technologies Corp. (SPCX - Free Report) and Globalstar (GSAT - Free Report) that are advancing LEO (Low Earth Orbit) based connectivity solutions. SpaceX’s Starlink is ahead of ASTS in terms of commercial deployment. The company already offers messaging solutions and is developing voice communication. Its partner base includes T-Mobile, Rogers, Virgin Media O2 and others.
Despite SpaceX’s first-mover advantage, ASTS aims to leapfrog directly into cellular broadband from space. It has to be seen whether ASTS’s broader partner ecosystem, boasting a 3 billion subscriber base, can offset SpaceX’s first-mover advantage.
It is to be noted that SpaceX’s business model is completely vertically integrated. Its value chain incorporates satellite manufacturing, rocket building, launch operations and ground stations. ASTS relies on third-party launch providers, and any failure, delay, or underperformance could disrupt satellite deployment and push out commercialization timelines. In April 2026, the Block 2 BlueBird 7 satellite was placed into a lower-than-planned orbit, separated and powered on, but was de-orbited because the altitude was too low for sustained operations. Scale and execution risk remain one of the biggest concerns for investors regarding ASTS.
Amazon (AMZN - Free Report) is set to acquire Globalstar. Amazon will gain access to Globalstar's satellite assets, mobile satellite spectrum and Globalstar’s D2D expertise. Upon completion of the acquisition, Amazon will benefit from Globalstar’s existing regulatory approvals and strong relationship with Apple. Amazon aims to launch its own next-generation D2D system beginning in 2028 that will support voice, messaging and mobile data services. Amazon’s Low Earth Orbit satellite plans to power satellite services for supported iPhone and Apple Watch devices.
The arrival of Amazon in this space will significantly increase competition for SpaceX Starlink and AST SpaceMobile. However, involvement of the world’s largest tech giants in this domain underscores the growing importance of space-based connectivity in the overall communication market.
ASTS’ Price Performance, Valuation and EstimatesOver the past year, shares of AST SpaceMobile have skyrocketed 105.1% compared with the industry’s growth of 60.1%.
Image Source: Zacks Investment Research
From a valuation standpoint, AST SpaceMobile trades at a forward price-to-sales ratio of 73.99, well above the industry.
Image Source: Zacks Investment Research
Earnings estimates for 2026 and 2027 have decreased over the past 60 days.
Investors seeking exposure to the next generation of transportation and communication face a choice between AST SpaceMobile (ASTS 5.49%) and Joby Aviation (JOBY +6.50%) in today's evolving market.
AST SpaceMobile aims to eliminate cellular dead zones using a space-based network that connects directly to standard smartphones. Joby Aviation is focused on transforming urban travel with its all-electric vertical takeoff and landing aircraft. Both companies represent high-growth investments in nascent industries, where massive potential for scale meets significant technical and regulatory hurdles.
The case for AST SpaceMobileAST SpaceMobile builds a space-based cellular broadband network designed to work directly with standard, unmodified smartphones. The company has partnered with over 50 mobile network operators, serving nearly 3 billion combined subscribers across strategic markets such as the United States, Europe, and Japan. Its goal is to eliminate connectivity gaps globally by providing satellite-to-phone service without the need for additional terrestrial hardware.
In FY 2025, the company’s revenue reached nearly $70.9 million, a significant increase from approximately $4.4 million in the previous year. Despite sales growth, the company reported a net loss of approximately $341.9 million for the period. This resulted in a net margin of approximately -482.2%, a metric that shows the loss per dollar of revenue.
On its December 2025 balance sheet, the company reported a debt-to-equity ratio of 1.2x, which measures total debt relative to shareholder equity. The current ratio, which compares current assets to current liabilities to assess short-term liquidity, stood at a robust 16.4x. However, the company reported negative free cash flow of roughly $1.1 billion, representing the cash left after paying for capital expenditures. It is common for high-growth tech stocks to burn cash as they build out expensive global infrastructure.
The case for Joby AviationJoby Aviation is developing all-electric vertical takeoff and landing aircraft intended for urban air-taxi services. The company is targeting major international markets, including Dubai, London, and New York City, to provide quiet, zero-emission transportation options. By manufacturing its own aircraft and operating the service, the company hopes to control the entire passenger experience from booking to landing.
For FY 2025, revenue was approximately $53.4 million, a massive increase compared to the nearly $136,000 reported in FY 2024. The company recorded a net loss of approximately $929.8 million during the same period, as it continued to invest in its flight testing programs. This led to a net margin of roughly -1,740.5%, reflecting the high research and development costs in the aviation sector.
According to its December 2025 balance sheet, the company maintains a debt-to-equity ratio of 0.0x, indicating it holds no debt relative to its equity. The current ratio is approximately 24.1x, suggesting a strong ability to cover short-term obligations with its available cash and assets. Free cash flow was negative at roughly $563.8 million, which is the cash remaining after the business pays for its capital investments.
Risk profile comparisonAST SpaceMobile faces significant regulatory risks, including the need for federal approvals and uncertainties surrounding satellite licensing and frequency usage. The company operates in a crowded field against formidable competitors like Amazon (AMZN +3.01%), which is developing its own satellite internet constellation. Execution risks remain high as the business attempts to deploy a complex satellite network while managing a history of substantial net losses since its inception.
Joby Aviation must navigate strict certification processes with aviation authorities, where any delays could postpone the commercial launch of its air-taxi service. Safety is a primary concern, as any incident involving a prototype aircraft could damage public perception of the entire emerging industry. Furthermore, the company relies on third-party suppliers worldwide for critical components, leaving it vulnerable to disruptions that could delay its high-volume manufacturing schedule.
Valuation comparisonJoby Aviation appears to be the more affordable option based on sales multiples, while AST SpaceMobile carries a significantly higher valuation relative to its current revenue.
MetricAST SpaceMobileJoby AviationSector BenchmarkForward P/E75.8xn/a32.2xP/S ratio472.8x168.5xSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Both companies are developing new technologies that could significantly change their respective industries, and for that reason alone, many investors may find them exciting. But one appears to have a clearer path to commercialization in the near term and, hopefully, returns for investors.
AST SpaceMobile’s low-Earth-orbit satellite network is designed to provide broadband connectivity for smartphones, enabling cellular and internet access in areas not well served by standard networks. The company has already signed agreements with dozens of mobile network operators, which gives it immediate access to a potentially massive customer base. It’s still highly speculative, and trades at a high valuation relative to its current revenue. But as additional satellites are deployed, commercial revenue is expected to grow.
Joby Aviation’s product is an electric vertical takeoff and landing (eVTOL) aircraft. Toyota (TM +0.68%), Delta Air Lines (DAL +2.33%), and other major companies have partnered with the company, and FAA certification is in the works. But the certification is not guaranteed, and building this new transportation system will still require substantial capital and years of development.
So, neither company is a sure bet right now. But AST SpaceMobile already has partnerships, and potentially a shorter path to earning meaningful revenue. Joby could deliver enormous returns if its air mobility service succeeds, but investors may need to wait quite some time for that to happen. Therefore, AST SpaceMobile is my choice in this pairing.
Key Takeaways: SpaceX’s IPO has created strong ETF demand across leveraged, active, and index-based strategies. The Procure Space ETF (UFO) remains central as the original pure-play space ETF, with its index methodology adapting for SpaceX. Space ETFs offer diversified space exposure, but they may not move in line with SpaceX stock. Space Exploration Technology’s (SPCX) IPO lived up to the hype. After pricing at $135 per share and raising a record-breaking $75 billion, the stock surged roughly 50% within its first three days of public trading. That demand has also spilled into the ETF ecosystem. Leveraged ETFs, broad equity ETFs, and thematic space ETFs are all responding in different ways, showing how one mega-cap IPO can reshape access to an entire investment theme.
Leveraged ETFs Point to Strong Single-Stock Interest The emergence of leveraged ETFs tied to Space Exploration Technologies (more familiarly known as SpaceX) points to strong investor demand for concentrated exposure. At least 11 leveraged SpaceX ETFs launched alongside SpaceX’s debut. In this article by DJ Shaw, several bullish and bearish leveraged products are listed including products from ProShares, Themes, and GraniteShares. These products give traders a way to express short-term views on the stock without owning it directly. While these products are designed for tactical use, their early arrival shows how fast ETF issuers are moving to capture investor interest around one of the market’s most anticipated public companies.
SpaceX Could Enter Portfolios Through Several ETFs Beyond leveraged products, SpaceX is expected to enter several large, broad equity indexes within only a few days, including Nasdaq and FTSE Russell benchmarks (see this note for more insights). That could eventually push SpaceX into many core portfolios, but several smaller ETFs have already moved ahead. (For a broader list of ETFs outside of the space industry with SpaceX holdings, see this article.)
Active pure-play space ETFs, in particular, have been able to add exposure immediately rather than waiting for formal index inclusion. The Roundhill Space & Technology ETF (MARS) currently has the largest weight at 22.5%. The Tema Space Innovators ETF (NASA) and the ARK Space & Defense Innovation ETF (ARKX) have weights of 12.5% and 9.7%, respectively. All three of these ETFs currently have SpaceX as their largest position (data as of June 16, 2026).
On the index side, index providers have been proactive in adjusting methodologies for mega-cap IPOs. The first indexed ETF to make a SpaceX addition has been the Procure Space ETF (UFO), the original pure-play space ETF.
In May 2026, the VettaFi Space Index (UFO’s underlying index) expanded its methodology, allowing newly listed non-diversified companies with market caps above $500 billion to be eligible for immediate inclusion. This would also allow pure-play space companies with more than $100 billion in float-adjusted market capitalization to have up to 15% exposure in the index. Previously, pure-play companies were capped at 4.8%. On June 17, SpaceX entered UFO as its top holding with around 6.2% weight, which could potentially increase as more shares hit the market. (For more details on the addition, see this article by Ben Hernandez).
SpaceX Connects Space ETFs With the Space Economy The addition of SpaceX has been particularly important for thematic ETFs like UFO, where waiting several months to add mega-cap companies could make the portfolio feel disconnected from the theme that it’s designed to represent. Launched in April 2019, UFO helped define the space ETF category before SpaceX became investable. It was the first U.S.-listed pure-play space ETF and remains one of the most established ways to track the industry and access the theme through an index-based approach. The fund holds a global basket of companies tied to the space economy, including satellite communications, launch services, space-based imagery and intelligence, GPS and navigation, and ground-based equipment and infrastructure.
UFO currently has around $1 billion in assets, reflecting renewed investor interest in space as an investment theme. Its largest positions include SpaceX, EchoStar (SATS), Rocket Lab (RKLB), Trimble (TRMB), and AST SpaceMobile (ASTS), showing that the fund’s exposure is not just about launch providers but the broader space infrastructure ecosystem. This makes UFO particularly relevant in a post-SpaceX market: it represents the original index-based space ETF with diversified exposure to the commercial space economy.
Bottom Line: Diversified ETFs are designed to provide exposure to a broader basket of holdings rather than a single stock, which can create some relative underperformance when one market leader is driving returns. While SpaceX has already become the largest holding in many space ETFs, these funds have still underperformed the SpaceX stock.
Other large holdings, including several shown above, had previously rallied on broader enthusiasm for the space theme, but pulled back around SpaceX’s IPO as investor attention shifted toward SpaceX directly. This illustrates an important trade-off for investors: space ETFs can offer broader access to the commercial space economy while still providing diversified exposure to SpaceX, but they will not always move in line with the stock.
For more news, information, and analysis visit the Thematic Investing Content Hub.
VettaFi LLC (“VettaFi”) is the index provider for UFO, for which it receives an index licensing fee. However, UFO is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of UFO.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
AST SpaceMobile is upgraded to Buy with a $103/share target, driven by imminent commercial operations and robust satellite deployment plans. ASTS expects to achieve continuous coverage across key markets by late 2026 or early 2027, with 45 satellites in orbit and global expansion to follow. With nearly 60 global MNO partners and ample capital, ASTS is positioned for substantial revenue scaling and operating leverage as commercial contracts commence.
Despite significant apprehensions many investors have about its massive valuation, SpaceX NASDAQ: SPCX has been on a meteoric rise in its early days of trading. The pesky valuation concern—coupled with an unusually small float and the potential for significant pressure on insiders to sell shares down the line—means that many investors who might otherwise be tempted to enter a position in SPCX may instead choose not to, at least not in the immediate aftermath of the largest-ever IPO.
The whole space industry may end up getting a boost because of the excitement over SpaceX, meaning that it could be an opportune time for investors to build exposure to other stocks without the same level of risk as the massive newcomer. Space exchange-traded funds (ETFs) may help to mitigate risk by accessing a broader basket of stocks within the industry. Before some of these funds rebalance, they will likely provide access to the broader industry without necessarily holding SpaceX shares directly—though investors should, of course, watch for whether and when they add a SpaceX position to their list.
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UFO Is an All-Purpose Space Fund With Appealing Diversification and ReturnsThe Procure Space ETF NASDAQ: UFO is a go-to space fund with about $1 billion in assets and a strong one-month average trading volume above 2 million. The fund appears likely to remain highly liquid, making it a great option for investors seeking the flexibility to enter and exit a position—or modify its size—frequently as the industry continues to evolve.
Procure Space ETF Today
UFO
Procure Space ETF
$50.27 0.00 (0.00%)
As of 06/18/2026 04:00 PM Eastern
52-Week Range$26.48▼
$68.21Dividend Yield0.32%
Assets Under Management$924.50 million
UFO's focus on space names across developed markets means its roughly 50 positions can capture developments in technology anywhere they happen. U.S. companies dominate about 70% of the portfolio, but investors in UFO will also gain exposure to firms from Canada, the Netherlands, Japan, and many other parts of the world.
UFO's mandate is also sufficiently broad to allow it to benefit from advances across the entire space industry, from satellite companies to ground equipment and rocket makers to telecoms firms and more.
As such, the portfolio is fairly split between industrials and communications firms, although it also holds stocks from other sectors as well.
At a net expense ratio of 0.75%, UFO is not the cheapest fund available, but its performance this year may make the expense ratio worthwhile: this ETF has returned about 30% year-to-date (YTD) and has almost doubled in the last 12 months.
Space and Defense Combine to Outperform the Market With ARKXAn actively managed alternative to UFO is the ARK Space & Defense Innovation ETF BATS: ARKX, which comes in at the same annual fee of 0.75%. ARKX is also comparable in terms of asset base and trading volume. What distinguishes this fund is a narrower portfolio of 43 companies that are involved in either space exploration or defense—this includes firms in autonomous mobility and battery technology as well as rocket and robotics makers, 3D printing companies, and more.
ARK Space Exploration & Innovation ETF TodayARKX
ARK Space Exploration & Innovation ETF
$34.56 0.00 (0.00%)
As of 06/18/2026 04:10 PM Eastern
52-Week Range$21.88▼
$37.89Assets Under Management$1.08 billion
As a result, some of the firms in ARKX's portfolio are not pure-play space stocks—the top position, for example, is semiconductor giant Advanced Micro Devices Inc. NASDAQ: AMD.
Still, ARKX is not limited exclusively to domestic stocks and does hold some international positions, but at a much smaller percentage than UFO (ARKX's portfolio is roughly 90% U.S. companies).
These may be modest trade-offs, given that ARKX has also shown strong performance in recent months. The fund has returned 20% YTD and almost 60% in the past year. It may therefore appeal to investors seeking some space exposure with a bit less of a thematic focus on that area than UFO provides.
A Low-Cost New Entrant That's Untested So FarThe Global X Space Tech ETF NASDAQ: ORBX launched in April 2026 and has net assets of only about $58 million, making it significantly smaller—and potentially higher-risk—than the other funds above. However, it also comes with a lower fee of 0.50% per year. ORBX focuses on an index of global space businesses involved in developing rockets and launch systems, providing technology and components, delivering satellites and services, and so on.
Global X Space Tech ETF TodayORBX
Global X Space Tech ETF
$54.00 0.00 (0.00%)
As of 06/18/2026 04:00 PM Eastern
52-Week Range$48.32▼
$79.71Assets Under Management$56.88 million
ORBX has three dozen positions, but close to 30% of the portfolio is given over to just two companies—Rocket Lab Corp. NASDAQ: RKLB and AST SpaceMobile Inc. NASDAQ: ASTS. Domestic stocks are about 78% of the basket, followed by Japanese and Canadian names, as well as companies from a host of other countries.
With much less of a track record than UFO or ARKX, ORBX may be harder to assess; its all-time return is modestly positive, but that could certainly change over time.
With the launch of SpaceX, investors may want to watch how this lower-cost alternative adapts going forward.
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SummaryTradr 2X Long ASTS Daily ETF offers 200% daily exposure to AST SpaceMobile, Inc., targeting traders seeking amplified returns from ASTS volatility.Issuing a Hold rating on ASTX due to significant risks from leverage, compounding, and NAV decay, especially when held longer than one trading day.ASTS anticipates a pivotal revenue inflection in 2027 as its satellite constellation achieves full coverage, supporting a bullish long-term outlook for ASTS.ASTX’s high liquidity and retail-driven volatility present trading opportunities, but strict risk management is essential given the fund’s 130 bps expense ratio and leveraged structure. NicoElNino/iStock via Getty Images
The Tradr 2X Long ASTS Daily ETF (ASTX) is a leveraged exchange-traded fund designed to provide 200% of the daily performance of AST SpaceMobile, Inc. (ASTS) shares. With the space economy becoming a
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ASTS over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Warren Buffett once said, "You've got to be prepared when you buy a stock to have it go down 50% or more and be comfortable with it, as long as you're comfortable with the holding." That's especially true for volatile growth stocks in nascent but promising markets. If you expect a company's total addressable market to expand significantly over the next few decades, it doesn't make sense to hold the stock for only a few months.
Let's take a look at three of those stocks that are still worth buying through near-term volatility and holding for the long term: Joby Aviation (JOBY +6.50%), AST SpaceMobile (ASTS 5.49%), and QuantumScape (QS +16.67%).
Image source: Getty Images.
Joby Aviation Joby Aviation is an early mover in the electric vertical takeoff-and-landing (eVTOL) aircraft market. Its S4 eVTOL can carry a single pilot and four passengers, travel up to 150 miles on a single charge, and reach a maximum speed of 200 miles per hour. It has already completed test flights in the UAE, South Korea, and Japan, and plans to launch its first commercial flights in the U.S. once the Federal Aviation Administration (FAA) fully certifies them.
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Toyota, Delta Air Lines, and Uber are three of Joby's biggest backers and customers. Toyota will help Joby mass-produce its eVTOLs, Delta will use the S4 for airport-to-home flights, and Uber will integrate its flights into its own app. It's also producing eVTOLs for the U.S. Department of Defense.
From 2025 to 2028, analysts expect Joby's revenue to surge from $53 million to $458 million as it launches its commercial flights. It's still unprofitable, and its stock isn't cheap at 20 times its 2028 sales, but it could grow much larger as eVTOLs replace conventional helicopters.
AST SpaceMobile AST SpaceMobile develops low Earth orbit (LEO) satellites for cellular connections. It helps telecom giants like AT&T and Verizon expand their wireless networks to rural areas that terrestrial towers can't cover. It's also developing satellites for the U.S. Missile Defense Agency's "Golden Dome" project.
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AST's satellites are much larger than SpaceX's Starlink satellites. It's only launched seven satellites so far, but it plans to expand its constellation to 45-60 satellites by the end of 2026, and to 248 satellites within the next few years. The Federal Communications Commission (FCC) authorized its ambitious long-term expansion plans in April.
From 2025 to 2028, analysts expect AST's revenue to surge from $71 million to $1.88 billion as it expands its constellation. They also expect it to turn profitable in 2027 and 2028. It already trades at 14 times its 2028 sales, but it could soar much higher over the next decade.
QuantumScape QuantumScape develops solid-state batteries for electric vehicles (EVs). Its QSE-5 batteries provide better thermal resistance, faster charging times, and higher charging capacities than conventional lithium-ion batteries. It's been co-developing those batteries with Volkswagen over the past decade.
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QuantumScape originally planned to manufacture its own batteries through a joint venture with Volkswagen, but it abandoned that capital-intensive strategy in 2024 in favor of a simpler licensing model. It plans to license its technology to Volkswagen's battery subsidiary, PowerCo, and other automakers to generate recurring, higher-margin royalty and licensing revenues.
QuantumScape's stock is difficult to value because it hasn't generated any meaningful revenue yet. But if it finally commercializes its first battery designs, analysts expect its revenue to rise to $51 million in 2027 and $99 million in 2028.
QuantumScape's stock isn't cheap at 43 times its 2028 sales, and analysts expect it to stay unprofitable for the foreseeable future. However, it could generate some impressive long-term gains if it commercializes its solid-state batteries before its industry peers.
Space stocks ASTS, RKLB, and RDW are testing major technical support after strong rallies, with upcoming reactions likely to determine whether uptrends resume or weaken.
Nu Holdings (NU 1.24%), a Latin American digital bank and financial services platform, closed at $12.89, up 1.34%. Shares moved after AI-powered financial models drew attention, while investors are watching credit losses and margins next.
How the markets moved todayThe S&P 500 (^GSPC +1.08%) fell 1.21% to 7,420.10, while the Nasdaq Composite (^IXIC +1.91%) fell 1.34% to 26,021.66. Among digital banking and financial technology services peers, SoFi Technologies (SOFI +2.96%) closed at $17.42, down 1.64%, and Block (XYZ +2.66%) closed at $72.84, down 2.46%, showing weaker sentiment across fintech shares.
What this means for investorsNu Holdings shares rose modestly even as fintech peers weakened, helped by interest in the company’s AI-driven credit platform and its $1 billion share repurchase program. The AI angle matters because NuFormer is already being used in credit-card decisioning and unsecured lending, making it part of Nu’s underwriting and loan-pricing engine rather than a surface-level product story.
The bigger question is whether Nu’s growth will stay profitable after accounting for credit losses. The company is still growing fast, but in the first quarter, it set aside more for potential credit losses and saw pressure on its risk-adjusted net interest margin. This puts the focus on the quality of its lending growth. Investors will be closely watching whether Nu can continue using AI and customer growth to generate more revenue while keeping risk-adjusted margins and credit trends steady.
Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nu Holdings. The Motley Fool has a disclosure policy.
Nu Holdings (NU 1.40%) is an exciting digital bank based in Brazil. Although the stock soared last year, it's dropped in 2026 and is down 22% year to date.
However, it might have bottomed out for the year, and it has several tailwinds that could send it higher. Here are three catalysts for Nu stock in 2026.
1. It's getting bank charters in Brazil and Mexico Nu operates a financial app in Brazil, Mexico, and Colombia. It has 135 million users as of the end of the first quarter, 115 million of them in its home country, Brazil, where it's the largest private financial institution. It has become popular among mass users who are often closed out of the banking system in Brazil, which has high barriers to entry. It has released several products targeting more affluent consumers, and that segment is also growing.
Image source: Nu.
It has achieved this level of engagement and popularity, with more than half of the adult population in Brazil using the platform, without a full bank charter. Instead, it has operated as a payments, credit, financing, and investment company. Obtaining a full bank charter, which it has applied for, will let it offer more products and achieve greater stability, as it can operate all of its services under one umbrella instead of applying for various licenses and permits in different areas. Since it's getting closer to saturation among new users, this opens up an opportunity to cross-sell and deepen engagement with its existing user base.
It's also getting a bank charter in Mexico, where it still has just a fraction of the adult population at 15 million users.
2. It's getting a bank charter in the U.S. Management has implied that it would continue to expand into new regions, and it recently received a conditional bank charter to operate in the U.S. It hasn't provided many details about this new venture yet, and it's still waiting for full approval from regulators. During the next 12 to 18 months, it needs to fully capitalize the bank in accordance with regulations.
Once approved, it plans to offer the full gamut of banking products, including deposit accounts, credit cards, and other lending products through its app. The U.S. population of 342 million is almost as big as the populations of Brazil, Mexico, and Colombia combined, providing a vast new market opportunity.
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In March, it announced a partnership with soccer franchise Inter Miami CF and named its new stadium Nu Stadium. The company said that it's a "significant milestone in its international growth strategy and reinforces its long-term commitment to the United States," and the partnership is meant to build its brand as it gets started in the U.S.
Given its roots, it's likely to target the large Spanish-speaking population in the U.S. South. Management also said this is part of Nu's "global mindset," and more could be on the way.
3. It's using AI to make better lending decisions Artificial intelligence (AI) is proving its value in many different areas, and one field where it's disrupting norms is in credit scoring. Upstart Holdings and Pagaya Technologies are both making waves as AI credit-scoring platforms, and Nu has its own foundation model called Nuformer that uses AI and machine learning to approve more borrowers without increasing risk. Its newest model reduced risk by 70% for the same population as previous models.
That drives financial inclusion, one of its missions, as well as increased revenue and improved credit quality, which has been an issue for investors recently. The company believes that its immense data store from its highly engaged users gives it an edge in identifying good borrowers, and there have already been tangible results.
In the 2025 fourth quarter, Nu posted a half-percentage-point increase in credit card purchase volume market share in Brazil, the highest absolute increase in the past 10 years for any bank. The credit book increased 40% year over year, and the write-off rate was steady at 2.8% to 2.9%. These are incredible results and could get even better.
Nu stock is on sale right now, but it could soar in the second half of the year.
Nu Holdings Ltd. (NU - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this company have returned +0.8%, compared to the Zacks S&P 500 composite's +0.3% change. During this period, the Zacks Banks - Foreign industry, which Nu falls in, has gained 9.2%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Nu is expected to post earnings of $0.20 per share for the current quarter, representing a year-over-year change of +42.9%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.3%.
For the current fiscal year, the consensus earnings estimate of $0.84 points to a change of +35.5% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $1.15 indicates a change of +37.4% from what Nu is expected to report a year ago. Over the past month, the estimate has changed -1.2%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Nu is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Nu , the consensus sales estimate of $5.36 billion for the current quarter points to a year-over-year change of +46.1%. The $21.96 billion and $26.98 billion estimates for the current and next fiscal years indicate changes of +39.2% and +22.9%, respectively.
Last Reported Results and Surprise HistoryNu reported revenues of $4.97 billion in the last reported quarter, representing a year-over-year change of +53%. EPS of $0.19 for the same period compares with $0.12 a year ago.
Compared to the Zacks Consensus Estimate of $4.97 billion, the reported revenues represent a surprise of -0.01%. The EPS surprise was -5%.
Over the last four quarters, Nu surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Nu is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Nu . However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Several key stocks across consumer staples, finance, and industrials just added notable buyback capacity, but for different reasons. Two names are boosting their authorizations as their stocks and businesses perform very well. Meanwhile, a company taking over Brazil’s financial sector is expressing confidence in a rebound as markets pressure its share price in 2026.
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Monster Adds Buyback Capacity as Shares and Sales SoarEnergy drink giant Monster Beverage NASDAQ: MNST has continued to put up very strong performance in 2026 after a monster 2025. Last year, shares gained nearly 46%, and Monster’s return is hovering near 20% this year.
Monster Beverage Today
MNST
Monster Beverage
$91.34 0.00 (0.00%)
As of 06/18/2026 04:00 PM Eastern
52-Week Range$58.09▼
$93.92P/E Ratio44.13
Price Target$89.35
The company’s latest win was its Q1 2026 earnings report, which caused shares to soar nearly 14% afterward. Monster crushed estimates on the top and bottom line, with the firm posting sales growth of 22.6% year over year (YOY). When taking into account currency tailwinds, sales rose 26.9% YOY. The company posted extremely strong results in its international business, with non-U.S. sales rising by a whopping 44.9% YOY.
Notably, Monster has also authorized a new $500 million share buyback program, bringing its total buyback capacity to $900 million. Monster’s buyback capacity is relatively small, but still meaningful, equal to around 1% of its market capitalization near $90 billion. With the firm generating free cash flow of over $2 billion in the last 12 months, Monster has more than enough cash coming in to support this program.
Overall, given the success Monster is seeing, this program is a signal that Monster expects that success to continue. Notably, Monster’s buybacks over the last 12 months were just $221 million. The company’s added capacity gives it the option to accelerate this spending should it choose to.
NU Initiates $1 Billion Buyback With Shares Down Over 30%NU NYSE: NU has become a digital banking leader in Latin America, with a particularly strong presence in Brazil. In its latest quarter, NU’s Brazilian customer base surpassed 115 million. NU is the largest private financial institution in Brazil, with more than half of the country’s population of 213 million being customers.
NU Today
$12.73 +0.02 (+0.19%)
As of 06/18/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$11.20▼
$18.98P/E Ratio19.59
Price Target$17.08
However, after putting up an impressive 62% gain in 2025, shares are down more than 20% in 2026. The stock has also fallen more than 30% from its 52-week high. Macroeconomic risk has pressured NU shares, with the stock falling as oil prices rise, leading to concerns over credit quality.
The company also hired a new Chief Financial Officer (CFO), Rob Linvingston, causing shares to drop 8%. This heightened fears around credit quality, which past CFO Guilherme Lago ardently pushed back on.
Days later, NU approved a $1 billion share repurchase program, which it plans to conduct over the next 12 months. This would be a substantial return of capital in a relatively short period, equal to around 1.7% of NU’s $60 billion market capitalization. NU’s net income in its latest quarter alone was $871 million, putting it in a solid position to execute this program. NU shares have come down significantly due to concerns that the company likely does not agree with. In this context, NU is indicating confidence in a recovery through its buyback program, likely seeing value in its stock.
Rockwell Ups Buyback Authorization Amid Strong ResultsLast up is Rockwell Automation NYSE: ROK. After delivering a total return near 38% in 2025, the stock has continued to build off that impressive performance, with its return sitting near 20% in 2026. The company has been generating strong demand for its industrial automation offerings across many key end markets.
Rockwell Automation Today
ROK
Rockwell Automation
$474.16 +0.37 (+0.08%)
As of 06/18/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$305.44▼
$475.92Dividend Yield1.16%
P/E Ratio49.29
Price Target$454.05
Rockwell’s automotive end market saw mid-teens sales growth during its latest quarter, while e-commerce and warehousing automation sales rose over 30% YOY.
Additionally, the company’s semiconductor end market posted high-teens growth, and its data center end market more than doubled YOY. Total sales rose nearly 12% YOY, and adjusted earnings per share (EPS) ballooned over 30% YOY. The company beat estimates on both figures and crushed EPS expectations of $2.88 with its $3.30 post.
Rockwell also recently announced a $1 billion share repurchase authorization. This adds to the company’s previous buyback capacity, bringing its total capacity to $1.215 billion. This is meaningful, equal to around 2.3% of Rockwell’s approximately $52 billion market capitalization. The company’s solid last 12 months free cash flow of $1.34 billion gives it the ability to execute this program at a measured pace over time. The read on Rockwell’s buyback program is similar to Monster’s. The company has confidence in its continued success, and it is making it a priority to return capital to shareholders.
Rockwell: Diversified Growth and Capital ReturnsAmong this group, Rockwell’s diversified growth is particularly impressive. It's not too often that companies are able to grow sales across several different end markets at a double-digit clip. The company has also returned a very significant $4.6 billion to shareholders over the past five years. Buybacks and dividends contribute to this, with Rockwell having a meaningful dividend yield near 1.2%. Still, the company’s valuation is worth monitoring. Currently, Rockwell trades at a forward price-to-earnings ratio near 36x, above its three-year average of 27x.
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Collaboration aims to identify biomarkers predictive of antibody-drug conjugate (ADC) treatment response using 10x's single cell and spatial platforms
, /PRNewswire/ -- 10x Genomics, Inc. (Nasdaq: TXG), the life science technology leader focused on accelerating science and advancing human health, today announced a research collaboration with Cleveland Clinic, a nonprofit multispecialty academic medical center that integrates clinical care with research and education, to advance research in novel diagnostics for bladder cancer.
This collaboration is part of 10x's broader efforts to partner with leading research institutions to generate the evidence needed to support the future development of diagnostic applications across oncology and other disease areas.
Through this multi-year collaboration, the study intends to initially examine tumor samples from patients with advanced bladder cancer undergoing emerging therapeutic regimens using 10x's Flex Apex and Xenium platforms, with the goal of expanding to the recently announced Atera platform. The research aims to identify clinically relevant biomarkers that may help predict bladder cancer patient response to treatment and support future diagnostic development across tumor types.
Bladder cancer remains a complex and heterogeneous disease, with variable responses to therapies such as antibody-drug conjugates and immunotherapies. A major challenge in oncology is determining which therapies are most likely to benefit individual patients. By integrating single cell and spatial analysis, the research aims to generate a more comprehensive understanding of tumor biology and the tumor microenvironment, including features that may influence treatment response and resistance, which remain difficult to characterize using conventional approaches.
"We look forward to collaborating with 10x Genomics on this promising work. This collaboration has the potential to shed new light into the mechanisms underlying therapeutic response in a number of major cancer types," said Timothy Chan, MD, PhD, Chair, Department of Cancer Sciences, Cleveland Clinic.
The study is expected to include tumor samples from patients treated with antibody-drug conjugates and immunotherapy and to integrate single-cell transcriptomic profiling, spatial gene expression and protein measurements. Researchers plan to analyze tumor microenvironment composition, immune cell infiltration and expression of therapeutic targets to better understand mechanisms of response and resistance.
"One of the central challenges in oncology today is understanding why patients respond differently to the same therapy," said Serge Saxonov, Co-founder and CEO of 10x Genomics. "There is a clear need for biomarkers that can guide treatment decisions, and we believe Flex Apex, Xenium and now Atera are uniquely suited to uncover them. These insights will be critical to enabling a new generation of diagnostic approaches in oncology."
The collaboration is expected to generate a comprehensive, multimodal dataset linking single cell and spatial insights with clinical outcomes, helping to advance the scientific understanding of treatment response in bladder cancer and support future diagnostic applications.
About 10x Genomics
10x Genomics is a life science technology company building products to accelerate the mastery of biology and advance human health. Our integrated research solutions include instruments, consumables and software for single cell and spatial biology, which help academic and translational researchers and biopharmaceutical companies understand biological systems at a resolution and scale that matches the complexity of biology. Our products are behind breakthroughs in oncology, immunology, neuroscience and more, fueling powerful discoveries that are transforming the world's understanding of health and disease. To learn more, visit 10xgenomics.com or connect with us on LinkedIn, X, Facebook, Bluesky or YouTube.
Toronto, Ontario--(Newsfile Corp. - June 17, 2026) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) (OTCQX: TORXF) announces the results of its 2026 annual and special meeting of shareholders (the "Meeting") held virtually today.
The Meeting marked the retirement of Jody Kuzenko and the formal appointment of Andrew Snowden as President and CEO of the Company. Mr. Snowden was also elected to the Board of Directors along with the re-election of seven current Directors, as well as the re-appointment of Rick Howes as Chair of the Board.
Rick Howes, Chair of the Board of Torex, stated:
"On behalf of the Board of Directors and everyone at the Company, I want to extend my sincere appreciation to Jody for her exceptional leadership at Torex over the past eight years. Jody leaves the business in an excellent position for the next chapter of growth and success, and we wish her all the very best as she steps into her well-deserved retirement.
"The Board looks forward to working with Andrew in his new role as President and CEO as we continue to execute on our strategic pillars to build one of the best mining companies in the industry as a diversified, Americas-focused precious metals producer.
"Finally, to our shareholders, thank you for your ongoing trust and support. We are firmly committed to seizing the many opportunities ahead in order to continue to generate significant and lasting value for those who choose to invest in us."
ITEM 1. ELECTION OF DIRECTORS
At the Meeting, all director nominees listed in the Company's management information circular (the "Circular") dated May 6, 2026, were elected as directors of the Company. Detailed results of the vote by ballot are as follows:
DIRECTORVOTE TYPENUMBER OF VOTES% OF VOTESRichard A. HowesFor
Withheld73,557,809
69,57399.91%
0.09%Andrew SnowdenFor
Withheld73,616,975
10,40799.99%
0.01%Caroline DonallyFor
Withheld73,035,733
591,64999.20%
0.80%Jennifer J. HooperFor
Withheld73,209,711
417,67199.43%
0.57%Jay C. KellermanFor
Withheld72,793,419
833,96398.87%
1.13%Rosalie C. MooreFor
Withheld73,587,235
40,14799.95%
0.05%Rodrigo SandovalFor
Withheld72,915,027
712,35599.03%
0.97%Jacques PerronFor
Withheld73,587,700
39,68299.95%
0.05%ITEM 2. APPOINTMENT OF AUDITOR
On a vote by ballot, KPMG LLP, Chartered Professional Accountants, were re-appointed as auditors of the Company, and the directors were authorized to fix their remuneration.
VOTES FOR % VOTES FORVOTES WITHHELD% OF VOTES WITHHELD74,711,61898.74%955,6051.26%ITEM 3. APPROVAL OF NAME CHANGE
On a vote by ballot, a special resolution was passed authorizing and approving an amendment to the articles of the Company to change the name of the Company to "Torex Resources Inc.", or such other name as the Board of Directors of the Company, in its sole discretion, may approve, subject to regulatory approval. The Company expects to officially adopt the Company's new name later this year.
VOTES FOR % VOTES FORVOTES AGAINST% OF VOTES AGAINST75,467,15999.74%200,0650.26%ITEM 4. 'SAY ON PAY' EXECUTIVE COMPENSATION
On a vote by ballot, a non-binding advisory resolution was passed accepting the approach to executive compensation disclosed in the Circular and delivered in advance of the Meeting.
VOTES FOR % VOTES FORVOTES AGAINST% OF VOTES AGAINST71,129,95696.61%2,497,4263.39%The formal report on voting results with respect to all matters voted upon at the Meeting will be filed on SEDAR+ at http://www.sedarplus.ca/.
ABOUT TOREX GOLD RESOURCES INC.
Torex Gold Resources Inc. is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, Mexico. The Company also owns the Los Reyes gold-silver project in Sinaloa and a portfolio of early-stage exploration properties, including the Batopilas and Guigui projects in Chihuahua, Mexico, and the Medicine Springs project in Nevada, USA as well as an option to acquire the Gryphon project in Nevada, USA.
The Company's key strategic objectives are: optimize Morelos production and costs; disciplined growth and capital allocation; grow reserves and resources; project delivery excellence; retain and attract best industry talent; and be an industry leader in responsible mining. In addition to realizing the full potential of the Morelos Property, the Company continues to seek opportunities to acquire assets that enable diversification and deliver value to shareholders.
CAUTIONARY NOTES ON FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the change of the Company's name; and the Company's key strategic objectives: optimize Morelos production and costs; disciplined growth and capital allocation; grow reserves and resources; project delivery excellence; retain and attract best industry talent; and be an industry leader in responsible mining. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "continue", "strategy" and "ongoing" or variations of such words. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including, without limitation, those risk factors identified in the Company's annual information form ("AIF") and management's discussion and analysis ("MD&A"). Forward-looking information is based on the assumptions discussed in the AIF and MD&A and such other reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301919
Source: Torex Gold Resources Inc.
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Investment to Accelerate Fellow’s Plan to Grow through Continued Geographic Expansion, Technology Investments and Strategic Acquisitions
BAY SHORE, N.Y.--(BUSINESS WIRE)--Fellow Health Partners (“Fellow”), a leading provider of revenue cycle management ("RCM") services to physician groups, ambulatory surgery centers, and healthcare organizations nationwide, today announced that it has received a strategic investment from Cleargate Capital Partners (“Cleargate”), a healthcare-focused private equity firm committed to long-term partnerships with founder-led, lower middle market businesses. Terms of the transaction were not disclosed.
Fellow helps healthcare providers navigate an increasingly complex environment by delivering RCM services that improve collections, reduce administrative burdens, and enhance financial performance. Fellow supports more than 500 clinicians across approximately 50 healthcare organizations nationwide. It has earned a reputation for highly attentive customer service and deep subject matter expertise in orthopedic surgery, anesthesia, ambulatory surgery centers, and other specialty physician practices. CEO Michael N. Brown and the rest of Fellow’s management team will continue to lead the organization through this next chapter of growth.
“Since our founding, we have grown by maintaining a culture centered on service, accountability, innovation, and opportunity,” said Michael N. Brown, Chief Executive Officer of Fellow Health Partners. “The Cleargate team understands that our culture and commitment to our customers underpins everything we do and drives our business forward, and we believe they are the right partner for our next phase of growth. Cleargate’s support will ensure we are well positioned to capitalize on the numerous opportunities ahead of us, deepening our technological capabilities and expanding our client footprint.”
Cleargate will provide Fellow with the additional resources needed to accelerate investment in its SAVi technology platform and enhance its workflow technologies for the benefit of healthcare providers. Additionally, Cleargate will help Fellow evaluate acquisition opportunities that expand Fellow’s services offering and geographic presence.
“We understand growth-oriented healthcare businesses and look forward to helping Michael and his team execute Fellow’s customer-centric strategy,” said Will Ritchie, Partner at Cleargate Capital Partners. “Across the range of RCM opportunities that we have evaluated, Fellow stood out as an end-to-end RCM provider that delivers best-in-class results to complex specialties through white glove service and robust technology. We are excited to partner with Michael and the Fellow team as they deliver exceptional outcomes to a growing list of healthcare providers across the country.”
About Fellow Health Partners
Fellow Health Partners is a leading provider of revenue cycle management ("RCM") services to physician groups, ambulatory surgery centers, and healthcare organizations nationwide. Its services include medical billing, coding, credentialing, compliance, and practice support services. The company helps its healthcare provider customers improve financial performance, maximize reimbursement, and streamline operations. Fellow currently supports more than 500 clinicians across approximately 50 healthcare organizations throughout the United States. Read more at fellowhealthpartners.com.
About Cleargate Capital Partners
Founded in 2025, Cleargate Capital Partners is a healthcare-focused private equity firm committed to long-term collaborations with exceptional founder-led and lower middle-market businesses. The Cleargate team has spent over two decades investing in healthcare and working directly with management teams on value creation initiatives, including operational improvement, strategic investments, and acquisitions. Cleargate brings founder-level understanding to every investment and seeks to build market-leading companies by providing capital, resources, and expertise while preserving the entrepreneurial culture that drives long-term success. More information can be found at cleargatecp.com.
In the latest close session, Cleveland-Cliffs (CLF - Free Report) was down 2.64% at $13.27. The stock's performance was behind the S&P 500's daily loss of 0.57%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq decreased by 1.15%.
The mining company's shares have seen an increase of 27.86% over the last month, surpassing the Basic Materials sector's gain of 3.28% and the S&P 500's gain of 2.14%.
The investment community will be paying close attention to the earnings performance of Cleveland-Cliffs in its upcoming release. On that day, Cleveland-Cliffs is projected to report earnings of -$0.13 per share, which would represent year-over-year growth of 74%. At the same time, our most recent consensus estimate is projecting a revenue of $5.21 billion, reflecting a 5.57% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.39 per share and revenue of $20.44 billion, indicating changes of +84.27% and +9.85%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Cleveland-Cliffs. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 13.79% higher within the past month. As of now, Cleveland-Cliffs holds a Zacks Rank of #3 (Hold).
The Steel - Producers industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 47, placing it within the top 20% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Cleveland-Cliffs (CLF - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this mining company have returned +22.6% over the past month versus the Zacks S&P 500 composite's +0.3% change. The Zacks Steel - Producers industry, to which Cleveland-Cliffs belongs, has gained 10.6% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Cleveland-Cliffs is expected to post a loss of $0.13 per share for the current quarter, representing a year-over-year change of +74%. Over the last 30 days, the Zacks Consensus Estimate has changed +2.9%.
The consensus earnings estimate of -$0.39 for the current fiscal year indicates a year-over-year change of +84.3%. This estimate has changed +13.8% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $0.38 indicates a change of +197.3% from what Cleveland-Cliffs is expected to report a year ago. Over the past month, the estimate has changed +26.7%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Cleveland-Cliffs.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Cleveland-Cliffs, the consensus sales estimate for the current quarter of $5.21 billion indicates a year-over-year change of +5.6%. For the current and next fiscal years, $20.44 billion and $21.14 billion estimates indicate +9.8% and +3.4% changes, respectively.
Last Reported Results and Surprise HistoryCleveland-Cliffs reported revenues of $4.92 billion in the last reported quarter, representing a year-over-year change of +6.3%. EPS of -$0.4 for the same period compares with -$0.92 a year ago.
Compared to the Zacks Consensus Estimate of $4.83 billion, the reported revenues represent a surprise of +1.81%. The EPS surprise was +9.09%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates two times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Cleveland-Cliffs is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Cleveland-Cliffs. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
JERUSALEM--(BUSINESS WIRE)--New initiative extends Mobileye beyond self-driving-system supply and is additive to existing automaker and mobility-partner programs.
Mobileye logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
SummaryCompaniesMobileye plans about 100 robotaxis in a major US city starting in 2027Aims to scale the fleet to roughly 17,000 over the next five yearsCompany said robotaxi push will not alter existing customer supply commitmentsJune 16 (Reuters) - Mobileye Global (MBLY.O), opens new tab said on Tuesday it would launch its own robotaxi service in the United States next year, putting the self-driving technology supplier in direct competition with some of the very customers it serves.
The Jerusalem, Israel-based company, which provides advanced driver-assistance systems to automakers, plans to deploy about 100 robotaxis in a major U.S. city starting in 2027, with ambitions to scale the fleet to roughly 17,000 over the next five years. Shares of Mobileye rose more than 2%.
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The move will put Mobileye in direct competition with Alphabet's (GOOGL.O), opens new tab Waymo, Amazon's (AMZN.O), opens new tab Zoox and Tesla's (TSLA.O), opens new tab self-driving vehicles, as they jostle to emerge as leaders in a market with huge potential.
"Operating our own service allows us to accelerate adoption, gain direct operational experience, and showcase the full potential of autonomous mobility," Mobileye CEO Amnon Shashua said.
The company said it would build this service by combining Mobileye Drive, its self-driving system, with the digital infrastructure of its Moovit subsidiary, which provides urban mobility data, trip-planning tools and a global passenger network.
While Mobileye will own and operate the ride-hailing service under a unified business division, it will collaborate with external vehicle platform makers and fleet integration partners rather than manufacturing its own vehicles.
Analysts said the move was unlikely to affect client relationships, but noted execution remains key. "The pressure point is whether Mobileye can keep data boundaries, customer economics and engineering focus clearly separated," said Parth Talsania, CEO of Equisights Research.
The company said the initiative does not change its supply commitments to customers, and that direct robotaxi operations would complement its existing business and run alongside it.
U.S. ride-hailing platform Lyft (LYFT.O), opens new tab said last year it would deploy fully autonomous robotaxis as soon as 2026 in Dallas, powered by Mobileye's technology.
Reporting by Anhata Rooprai in Bengaluru; Editing by Shilpi Majumdar and Anil D'Silva
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Mobileye (NASDAQ:MBLY) has announced plans to expand beyond supplying autonomous driving systems and enter direct operation of a robotaxi service, marking a strategic shift toward a vertically integrated mobility business.
The company said it intends to launch a fully driverless ride-hailing service in a major US city in 2027, initially deploying a fleet of roughly 100 vehicles.
The initiative will combine Mobileye’s self-driving technology stack, Mobileye Drive, with its Moovit mobility platform and related fleet-management, rider-facing applications, and teleoperation infrastructure. Mobileye said the program will cover the full ride-hailing value chain, including fleet operations, mission control, and trip planning services.
The company highlighted that the new robotaxi business will operate alongside its existing model of supplying autonomous driving systems to automakers and mobility providers. Mobileye said it continues to view its technology licensing and direct operations as complementary approaches, with both expected to develop in parallel.
Following the initial rollout, Mobileye plans to expand the fleet significantly, targeting approximately 17,000 vehicles over a five-year period, subject to operational validation and scaling.
“The robotaxi revolution has only just begun,” said Amnon Shashua, founder and CEO of Mobileye, adding that combining autonomous driving technology with operational control could support broader deployment and provide additional real-world experience for its platform.
"As interest in autonomous mobility accelerates, the industry has become increasingly dependent on a small number of technology providers and business models,” Shashua said.
“We believe there is an opportunity for a new approach—one built on deep autonomous-driving expertise, strong industry partnerships, and proven capabilities across the mobility ecosystem.
Mobileye said it will work with vehicle platform manufacturers, fleet operators, integration partners, and technology suppliers to build out the service. The company also highlighted the role of Moovit, which provides multimodal trip planning and mobility services across more than 3,500 cities, as part of its consumer-facing infrastructure.
Mobileye Drive, the company’s autonomous driving system, is currently being integrated into partner programs globally. The company said more than 230 million vehicles have been produced with its technology to date.
Mobileye said further details on the planned US launch market and operational timeline will be disclosed closer to deployment.
Self-driving technology supplier Mobileye Global said Tuesday it would launch its own robotaxi service, planning to deploy an initial 100-vehicle fleet into a major U.S. city in 2027.
The company said the first launch will be phased throughout next year, after which they'll aim to scale the fleet to roughly 17,000 vehicles over the next five years.
Shares of the Jerusalem-based company rose around 6% following the announcement.
"We believe there is an opportunity for a new approach — one built on deep autonomous-driving expertise, strong industry partnerships, and proven capabilities across the mobility ecosystem," said Mobileye's CEO Amnon Shashua in a statement.
The move will put Mobileye in direct competition with some of the customers that use its Mobileye Drive technology in their cars.
The company said the move doesn't change its commitment to supplying its customers.
In a release, Mobileye said it views the competition as a "complementary path to market," adding that it can "further demonstrate the capabilities of the Mobileye Drive platform at scale."
Read more CNBC tech newsGodfather of AI blasts Musk's xAI as 'failure,' says labs are risking a 'big bubble explosion'Google Gemini co-lead Noam Shazeer leaves for OpenAISpaceX adds longtime Elon Musk ally Roelof Botha to boardAllbirds continues AI pivot with name change and CEO hire, sending stock soaringThe market for U.S. robotaxi services has been growing rapidly as competitors like Alphabet's Waymo, Amazon's Zoox, Tesla and more race to expand into more cities and notch new ridehailing partnerships.
Waymo is far ahead of its competitors, currently operating across 11 U.S. cities. The company is now planning its first international expansions to London and Tokyo this year, and in June announced a new $29.99 a month subscription tier for avid users in cities where demand is high.
Zoox announced a new partnership through the Uber app in Las Vegas, starting this summer.
Elon Musk's automaker Tesla is trailing its peers, with about 50 autonomous vehicles authorized for driverless ridehailing in Texas, about one-tenth the size of Waymo's fleet in the state.
CNBC's Jennifer Elias and Lora Kolodny contributed to this report.
