The British Pound (GBP) consolidates losses against the US Dollar (USD) on Wednesday, as a string of UK inflation figures provided some leeway for the Bank of England to maintain its “wait-and-see” stance through the coming months. The GBP/USD pair remains pinned near weekly lows, below 1.3400 following a nearly 1.2% decline in the last four days.
Data released by the UK National Statistics Office on Wednesday revealed that the Consumer Price Index (CPI) moderated to a 2.6% year-over-year (Y-o-Y) growth in June, from 2.8% in May, below the 2.7% forecasted by market analysts. The Core CPI, however, remained steady at 2.6% against expectations of a 2.5% reading.
Beyond that, the Input Producer Price Index (PPI) contracted 2% on the month, its sharpest decline in more than six years, while the Output PPI remained flat, undershooting expectations of a 0.4% advance. Year on year, input PPI eased to 7.3% from 9.3% while the Output PPI slowed down to 3.5% in June from 3.7% in May.
In the US, the calendar has been thin this week, but the US Dollar maintains a bid tone, buoyed by market concerns about the war in the Middle East and higher US Treasury yields. The US military pounded targets in Iran for the 11th consecutive day on Wednesday, and US President Donald Trump threatened to attack nuclear facilities, which, according to Tehran, would expand the war in the region.
UK Pound slides amid PM Burnham’s early fiscal signalsRabobank’s FX team notes that “UK markets have now had a few hours to react to PM Burnham’s new cabinet, many of whom have been involved in UK politics for years,” and the initial response has been cautious. They highlight that “10-year gilt yields are currently above the 5% level, which is a sign of some anxiety,” while “the Pound is the worst performing G10 currency on a 1-day view,” underscoring investor unease around the new administration’s fiscal direction.
In the near term, Rabobank points out that “Burnham has promised measures to ease cost-of-living pressures,” with the policy push already underway. “He kicked this off this morning with the news that VAT on household electricity bills will be cut from October,” the bank observes, adding that “the market is now bracing itself for a list of further announcements” as investors assess how these initiatives will be funded and what they might mean for UK assets.
Economic Indicator Consumer Price Index (YoY) The United Kingdom (UK) Consumer Price Index (CPI), released by the Office for National Statistics on a monthly basis, is a measure of consumer price inflation – the rate at which the prices of goods and services bought by households rise or fall – produced to international standards. It is the inflation measure used in the government’s target. The YoY reading compares prices in the reference month to a year earlier. Generally, a high reading is seen as bullish for the Pound Sterling (GBP), while a low reading is seen as bearish.
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The Bank of England is tasked with keeping inflation, as measured by the headline Consumer Price Index (CPI) at around 2%, giving the monthly release its importance. An increase in inflation implies a quicker and sooner increase of interest rates or the reduction of bond-buying by the BOE, which means squeezing the supply of pounds. Conversely, a drop in the pace of price rises indicates looser monetary policy. A higher-than-expected result tends to be GBP bullish.
Economic Indicator Consumer Price Index (MoM) The United Kingdom (UK) Consumer Price Index (CPI), released by the Office for National Statistics on a monthly basis, is a measure of consumer price inflation – the rate at which the prices of goods and services bought by households rise or fall – produced to international standards. It is also the inflation measure used in the government’s target. The MoM figure compares the prices of goods in the reference month to the previous month. Generally, a high reading is seen as bullish for the Pound Sterling (GBP), while a low reading is seen as bearish.
Morgan Stanley očekává, že ceny pamětí z 2. na 3. čtvrtletí vzrostou nejméně o 25 % kvůli silné poptávce datových center po AI. To poslalo Micron, Western Digital a Sandisk v úterý o 12 % až 14 % výše.
Tuesday was the day the memory trade turned back around. Micron Technology (MU +12.26%), Western Digital (WDC +12.60%), and Sandisk (SNDK +14.33%) rose 12%, 12.5%, and 14.3%, respectively, in Tuesday's session. It was a violent reversal for three stocks that entered the day down 31%, 39%, and 41% from their 52-week highs.
The biggest catalyst was a single forecast. In a Monday note, Morgan Stanley reportedly told clients it expects memory prices to rise at least 25% from the second quarter to the third, with artificial intelligence (AI) data-center demand keeping supply tight. The firm's checks reportedly found no sign the shortage is easing, and it said shortages could grow even more severe in 2027 and 2028. The group started climbing on the note Monday. On Tuesday, the buying turned into a surge.
For a group of stocks that had spent two weeks selling off on fears the memory boom was ending, that was the whole argument. If prices are still rising, the boom isn't over. Here's what the forecast means for each of the three.
Image source: Micron.
Micron has the broadest exposure Micron is the biggest of the three and the most watched. The company sells both major categories of memory chips (DRAM and NAND flash), plus the high-bandwidth memory that AI accelerators depend on. So a rising price forecast touches nearly everything it ships.
Its latest results show what that leverage already looks like. Revenue for Micron's fiscal third quarter (the period ended May 28) more than quadrupled year over year to $41.5 billion, the company's fifth consecutive quarterly revenue record. Net income came in at $28.2 billion. And operating cash flow more than doubled sequentially, to $25.4 billion from $11.9 billion the prior quarter.
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"Micron's record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era," CEO Sanjay Mehrotra said in the company's June earnings release.
Even after Tuesday's move, the stock trades at about 20 times earnings, a multiple that says investors still doubt numbers like these can last.
Western Digital rode along Western Digital is the odd one out: it doesn't sell memory chips at all. The company makes hard disk drives, the slower, cheaper storage tier that data centers deploy in enormous volumes. Its leverage to a memory-price forecast is indirect.
Its own supply picture, however, is just as tight. Revenue for its fiscal third quarter (the period ended April 3) rose 45% year over year to $3.3 billion, and guidance calls for 36% to 44% year-over-year growth in the fiscal fourth quarter.
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"The demand drivers are clear: Virtually every AI workload, from training, inference, agentic AI to physical AI, creates data that is stored persistently and cost-efficiently on HDDs," Western Digital CEO Irving Tan said in the company's April earnings release.
When every tier of data-center storage is scarce at once, the market trades the group as one bet on AI's appetite for capacity. Tuesday showed as much.
Sandisk is the purest play Sandisk sells NAND flash, the exact product whose price Morgan Stanley expects to jump. That arguably makes it the most direct way to own the forecast.
Its results show what rising NAND prices do to a focused producer. Sandisk's fiscal third-quarter revenue rose 251% year over year to $5.95 billion, and non-GAAP (adjusted) gross margin reached 78.4%, up more than 55 percentage points from a year earlier. When the price of a company's core product surges, most of the increase lands in gross profit.
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The company is also locking in demand, signing five multiyear supply agreements under a new business model built on firm customer commitments. And its guidance calls for $7.75 billion to $8.25 billion of revenue in its just-ended fiscal fourth quarter, or roughly 34% sequential growth at the midpoint.
One forecast, three different bets So which of the three has the most direct leverage to rising memory prices? Arguably, Sandisk, whose entire business is the product in question. Micron is close behind, with broader exposure across DRAM, NAND, and high-bandwidth memory. Western Digital benefits at one remove, through the same data-center scramble that is straining storage supply of every kind.
Of course, a forecast is still just a forecast, and memory remains the most cyclical corner of the chip industry. The same operating leverage that multiplies profits on the way up works in reverse when prices roll over. The roughly 30% to 40% drawdowns these stocks carried into Tuesday existed precisely because investors understand this risk.
Ultimately, I wouldn't chase Tuesday's move. If Morgan Stanley is right about the third quarter, these companies' results will do the talking soon enough. And if it's wrong, this group has demonstrated in recent weeks just how fast it can reprice in either direction.
TSMC uvedla, že tlak Donalda Trumpa na výrobu v USA zvyšuje náklady a bude v příštích letech dál snižovat hrubou marži. Firma zároveň oznámila celkem 200 miliard USD závazků vůči USA, včetně další investice 100 miliard USD do amerických závodů.
Pressure from President Donald Trump to manufacture advanced semiconductors in the U.S. is increasing costs and squeezing margins at TSMC, the world's leading chipmaker.
Following Trump's return to power in 2025, the president has repeatedly threatened tariffs on companies that don't make their products in America.
Since then, TSMC has announced a total of $200 billion in commitments to the country, including last week's unveiling of a $100 billion investment into advanced semiconductor manufacturing and packaging facilities in the U.S.
While buoyed by the AI boom — TSMC's market cap has risen more than 100% in the past 12 months — blockbuster earnings this quarter were hit by overseas expansion, the company said.
TSMC stock.
Gross margin increased ahead of guidance, but that was offset by dilution from overseas fabs, CFO Wendell Huang said on an earnings call. Margins will be further diluted over the next "several years" as overseas fab projects "ramp-up", he added.
"President Trump's leadership is driving companies to invest in American manufacturing," said Commerce Secretary Howard Lutnick in a statement.
"TSMC's announcement of an additional $100 billion investment following our historic deal on trade and investment with Taiwan will create tens of thousands of American jobs and bring advanced semiconductor manufacturing back to America."
While other Asian chipmakers, including SK Hynix, are developing U.S. facilities, TSMC has made by far the largest commitment. Its aggressive U.S. expansion exposes it to higher production costs, creating a potential headwind for margins.
Political pressureTSMC on Thursday reported a 77.4% jump in second-quarter profit year on year, soaring past estimates and marking another record-breaking quarter for the world's largest contract-chipmaker.
It's also expanding aggressively in the U.S., as the company continues to see a "multi-year demand mega trend" from its customers, TSMC's Huang told CNBC.
Political pressure is another key driver of that overseas expansion.
"Trillions of dollars in investments by TSMC and other semiconductor companies are a result of President Trump's trade and economic policy, from a historic trade deal with Taiwan to renegotiated CHIPS program investments," a White House spokesperson told CNBC.
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Building in the U.S. is considerably more expensive.
"Broadly, we estimate TSMC's US chips to cost 20-50% more than those produced in Taiwan, depending on subsidy timing, tax credit recognition and other cost fluctuations," Phelix Lee, senior equity analyst at Morningstar, told CNBC. Lee added he expected customers to bear more of the higher costs of production.
TSMC is set to raise prices for both advanced and mature chip production by up to 10% in 2027, Nikkei reported on Tuesday. TSMC told CNBC it doesn't comment on pricing.
"What helps TSMC is lack of any material competition," Gaurav Gupta, VP analyst at Gartner, told CNBC.
Because of TSMC's dominance in the leading-edge node market, "a large part of the increased costs would have to be absorbed by its clients, who are looking to diversify or have mandates from the U.S government to purchase local chips," Gupta said.
Margins The company forecasts the gross margin dilution from the ramp-up of overseas fabs in the next several years to be 2% to 3% in the early stages, widening to 3% to 4% in the latter stages, Huang said.
"This is a margin difference TSMC can afford because of its very high overall margins," said Gil Luria, head of technology research at D.A. Davidson. TSMC's second-quarter gross margin was 67.7%, up slightly from 66.2% in the first quarter.
While Trump has doubled down on calls for homegrown manufacturing, "customers have increasingly sought geographical diversification after Covid disrupted the global supply chain," said Morningstar's Lee.
"Customers are bracing for geopolitical, logistical, and other disruptions to the supply chain," he added. "We expect made-in-US pressure to persist beyond Trump, although it is less clear how carrot-and-stick will be distributed."
Brings GTF order backlog to more than 8,000 engines
, /PRNewswire/ -- Farnborough International Airshow – Pratt & Whitney, an RTX (NYSE: RTX) business, has received more than 800 GTF engine orders and commitments since the beginning of 2026. Airlines and lessors that have announced orders so far this year include Abra Group, AirAsia, Azorra, Binter, British Airways, Finnair, Jackson Square Aviation, Luxair, Scoot, Tigerair Taiwan and VietJet. In total, more than 14,000 GTF engine orders and commitments have been placed by more than 90 customers worldwide.
"We see strong demand for the GTF engine and continued confidence in the value it delivers to customers," said Rick Deurloo, president of Commercial Engines at Pratt & Whitney. "The GTF Advantage engine will enter into service later this year and will provide up to twice the time on wing, industry-leading fuel efficiency and even more range capability."
The GTF is the most fuel efficient engine for the single aisle market, delivering up to 20% lower fuel consumption and a 75% smaller noise footprint compared to the prior generation of engines. The engine's revolutionary geared architecture will serve as the foundation for next-generation propulsion technologies and is expected to have accumulated more than 300 million hours of flying time by the mid-2030s.
About Pratt & Whitney
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.
About RTX
With more than 180,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
For questions or to schedule an interview, please contact [email protected]
Collins Aerospace dokončila integrované laboratorní testy hybridně-elektrického pohonu v rámci projektu Clean Aviation SWITCH v The Grid a nyní míří k dalším testům v laboratořích Airbusu. The Grid pak podpoří i projekt LEIA.
Collins Aerospace lab completes Clean Aviation SWITCH testing and moves on to LEIA project
, /PRNewswire/ -- Farnborough International Air Show – Collins Aerospace, an RTX (NYSE: RTX) business, has completed integrated lab testing for the European Union's Clean Aviation SWITCH project at The Grid, its advanced electric power systems lab in Rockford, Ill. The tested hybrid-electric powertrain subsystems, which successfully operated with simulated aircraft and engine systems, are now headed to Airbus's laboratories for further aircraft level integration testing, including work on aircraft design, battery interfacing and energy-management systems.
"This is the largest integrated systems test conducted at The Grid since its opening in 2023," said Kristin Smith, vice president of Electric Power Systems at Collins Aerospace. "By combining our technology expertise with deep industry collaboration, we are demonstrating how hybrid-electric systems can significantly reduce fuel consumption for next-generation aircraft."
SWITCH aims to improve engine efficiency for future short- and medium-range aircraft by integrating hybrid-electric systems on a Pratt & Whitney GTF™ engine, including two Collins megawatt class motor generators and controllers. Testing at The Grid was supported by Pratt & Whitney teams who performed powertrain system integration and supplied the hybrid-electric engine controller, and Airbus teams who supplied the interface controller to the aircraft energy-management system. GKN Aerospace delivered the high-voltage wiring system.
Next, The Grid will support the Airbus-led LEIA (Large scalE Integration demonstrator of hybrid electrical Architecture) project, where Collins is technical lead for energy sources. This Clean Aviation demonstrator advances components and aircraft systems for future hybrid-electric short- and medium-range aircraft, including high voltage generation and distribution.
Collins will deliver advanced aircraft electric system technologies, including four scalable electric motor/generators, next-generation electronic controllers, power distribution equipment, and cabin pressure and ventilation control systems to enhance reliability and passenger comfort. The Nördlingen, Germany site will supply solid-state power controllers and power distribution panels to replace mechanical circuit breakers and relays boosting reliability and reducing weight. LEIA testing will occur across several sites, including The Grid, with additional work at Collins' facilities in Toulouse, France; Frankfurt, Germany; Cork, Ireland; Rome, Italy; and Solihull, UK.
According to Pierre Durel, Project Officer at Clean Aviation, "SWITCH & LEIA are essential building blocks to make the hybrid-electric short- and medium-range aircraft become a reality: they show the power of collaboration within Europe and beyond." He adds that Clean Aviation is "very much looking forward to the results of the demonstration tests due to be carried out in 2027."
Both SWITCH and LEIA build on the ongoing collaboration between Collins and several partners across multiple Clean Aviation projects, including HECATE and AWATAR, which advance electrification technologies for future regional and short-and-medium range aircraft. Collins also contributes to Clean Aviation's newest ultra-efficient regional aircraft projects, including OSYRYS and PHARES. MTU Aero Engines coordinates the SWITCH project.
About Collins Aerospace
Collins Aerospace, an RTX business, provides advanced aerospace and defense solutions across avionics, aircraft interiors, aerostructures and engine components, mission systems, and power and control systems. Our global employees are dedicated to delivering innovative technologies to enhance aircraft performance, passenger comfort, operational safety and reliability.
About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
About the Clean Aviation Joint Undertaking
The Clean Aviation Joint Undertaking is the European Union's leading research and innovation programme for transforming aviation towards a sustainable and climate-neutral future. It is a successful European public-private partnership between the European Commission through Horizon Europe, the EU research and innovation programme, and the European aeronautics industry. It has a budget of €4.1 billion divided into €1.7 billion in EU funding and no less than €2.4 billion in private funding. The programme's disruptive clean aviation technologies will help reduce the emission footprint of short-medium range and regional aircraft by no less than 30% compared to 2020 state-of-the-art aircraft. Clean Aviation builds on the knowledge and expertise of the Clean Sky programmes (2008-2024).
For questions or to schedule an interview, please contact [email protected].
CME Group plánuje zavést futures na basis čiroku, s nimiž se má začít obchodovat 24. srpna 2026 po regulačním schválení. Kontrakt má pomoci zajistit cenové riziko mezi čirokem a kukuřicí.
, /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced plans to launch Sorghum basis futures. Trading is expected to start on August 24, 2026, pending regulatory review.
Sorghum is a versatile commodity uniquely positioned to meet global demand from the domestic feed industry, the international export market and, more recently, biofuels.
The new basis contract reflects the price difference between sorghum and corn, two types of grain used in animal feed as well as ethanol feedstock. Sorghum's premium over corn usually signals international demand driving values higher. A deep discount compels domestic buyers to shift feed rations toward cheaper sorghum.
"While sorghum prices tend to track corn closely over extended macroeconomic cycles, geopolitical events and regional supply shifts can disrupt that relationship," said John Ricci, Managing Director and Global Head of Agricultural Products, CME Group. "In recent years, the sorghum-to-corn cash spread has experienced considerable volatility, swinging from sharp premiums to steep discounts. The Sorghum futures contract will provide market participants a precise instrument to hedge that basis risk."
The contracts will be physically delivered, with grain being loaded out by truck or rail from a network of elevators in Kansas, the nation's largest sorghum-producing state, by using the established Kansas City Hard Red Winter Wheat delivery network.
CME Group achieved record quarterly volume of 2.1 million contracts for Agricultural products in Q2 2026. Corn futures and options reached record open interest of 4.1 million contracts in Q2 2026, with the second highest quarterly volumes on record at 695,000 contracts traded.
The new Sorghum basis futures contracts will be listed and subject to the rules of CBOT. For more information on these products, please visit https://www.cmegroup.com/markets/agriculture/grains/sorghum.
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.
Akcie AppLovin v první polovině roku klesly o 24 % kvůli obavám z AI, útoku short-sellera a konkurenci v reklamě. Přesto ve čtvrtletí tržby vzrostly o 66 % na 1,66 miliardy USD a EPS se téměř zdvojnásobil na 3,24 USD.
AppLovin (APP +1.01%) has been one of the biggest winners on the stock market since 2022 as the company has gone from a mobile-game maker to an adtech powerhouse after leveraging the ad tools it built inside its games.
Its ad business has been so successful that it sold off its mobile games business last year and is now a pure-play adtech company. However, the AI boom has brought a mixed bag for the company, and it's been pressured by the broader worries about disruption in the software sector. AI is a key component of Axon, its AI-powered advertising engine, but investors also seem to believe its competitive advantage is more vulnerable as AI tools become more widely embraced.
As a result, the stock slipped 24% through the first half of the year, according to data from S&P Global Market Intelligence. As you can see from the chart below, the stock pulled back in the first two months of the year, and then mostly traded sideways.
APP data by YCharts
What's happening with AppLovin A number of factors weighed on the stock to start the year. It faced a short-seller attack from CapitalWatch, which alleged that the company was avoiding typical anti-money-laundering controls and being financially unscrupulous in other ways. The company pushed back on the claims, calling them "false, misleading, and nonsensical." It's also faced similar short reports in the past, though none of the allegations have stuck.
Additionally, mobile game-related stocks initially fell after Google announced Project Genie, a new platform for AI game creation, which potentially threatens the app-based game ecosystem, which includes AppLovin, as much of its business comes from ads that run on mobile games.
AppLovin then plunged in February after it reported fourth-quarter earnings, even though it beat estimates. Revenue jumped 66% to $1.66 billion, and earnings per share nearly doubled to $3.24.
Nonetheless, the results were not enough to push the stock higher, especially due to signs that Meta Platforms was planning on competing for untracked ad traffic on Apple's iOS that it had historically ignored.
AppLovin redeemed itself in the first-quarter report in May as the stock moved up 6% after another round of strong results and rapid growth.
Image source: Getty Images.
What's next for AppLovin Despite fears about disruption from AI, Meta, or other weaknesses, AppLovin has continued to deliver impressive results. It generates blockbuster profit margins, a sign of competitive advantage, and it has begun repurchasing stock, showing management confidence in future growth.
If AppLovin maintains its current momentum, the stock will eventually bounce back.
Wistron spustil v Texasu továrnu za 700 milionů USD na výrobu nejnovějších AI systémů Nvidia. Závod má letos vyrábět desítky tisíc výpočetních desek měsíčně.
A general view of electronics manufacturer Wistron's new global operations headquarters in Hsinchu, Taiwan June 19, 2025. REUTERS/Wen-Yee Lee/File Photo Purchase Licensing Rights, opens new tab
TAIPEI, July 22 (Reuters) - Taiwan's Wistron (3231.TW), opens new tab, a supplier to Nvidia (NVDA.O), opens new tab, launched a $700 million manufacturing facility in Texas on Tuesday to produce the U.S. chipmaker's latest AI systems, as Taiwanese electronics makers expand U.S. production to meet soaring demand for AI infrastructure.
Here are a few details:
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The Fort Worth facility manufactures Nvidia's GB300 Grace Blackwell Ultra Superchip. Nvidia CEO Jensen Huang has described the AI system built around the product as "the most powerful AI supercomputer in the world."
Wistron said the site is where Nvidia's first GB300 Grace Blackwell Ultra Superchip was built and mass-produced in the United States.
The factory will also manufacture Nvidia's next-generation Vera Rubin Superchip, Wistron said.
The factory is expected to scale up production this year to manufacture tens of thousands of computing boards per month, according to Nvidia.
The factory has created more than 500 jobs, Nvidia said, adding that it is on track to expand its workforce to 1,000 employees by the end of the year.
Nvidia said Wistron's Fort Worth plant forms part of the $500 billion U.S. investment commitment it announced in 2025.
Reporting by Wen-Yee Lee; Editing by Sherry Jacob-Phillips
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Ford stahuje 387 911 SUV Explorer a Lincoln Aviator kvůli závadě na sedadlech ve druhé řadě, která může zvýšit riziko zranění. NHTSA uvedla, že se mohou nečekaně sklopit nebo posunout.
Ford is recalling nearly 388,000 SUVs because an issue with the second-row easy-entry seats could increase the risk of injury, according to federal regulators.
A total of 387,911 vehicles are affected, including certain 2020-2026 Ford Explorer and 2020-2027 Lincoln Aviator models, the National Highway Traffic Safety Administration (NHTSA) said in its recall notice.
The NHTSA said the vehicles may have a defect that could cause a second-row seat to tip or slide unexpectedly while the vehicle is moving.
FORD RECALLS MORE THAN 110,000 MUSTANG VEHICLES OVER WINDSHIELD WIPER, DRIVETRAIN DEFECTS
Ford is recalling nearly 388,000 vehicles over an issue with the second-row seating that could raise the risk of injury. (Getty Images / Getty Images)
"A seat that moves unexpectedly may not properly restrain an occupant during a crash, increasing the risk of injury," the NHTSA said.
"The switch for the easy-entry second-row outer seats may bind or stick, resulting in the seats unlatching, tipping, or sliding unexpectedly," the agency explained.
The agency noted some warning signs that vehicle owners should keep an eye out for.
A total of 387,911 vehicles are affected by the recall. (Christopher Dilts/Bloomberg via Getty Images / Getty Images)
"If the button is stuck in the down position, the customer may not be able to use the easy entry feature or return the seat to its normal position after using the easy entry feature," the notice reads.
Ford's Critical Concern Review Group identified 14 reports as of June 16, 2026, of unintended second-row seat movement while the vehicle was in drive. Six involved vehicles that had already received a remedy under an earlier recall, while eight involved vehicles that were not covered by the previous campaign. Ford said it was not aware of any crashes or injuries related to the issue.
BMW RECALLS NEARLY 30K VEHICLES OVER ENGINE STARTER DEFECT THAT COULD CAUSE FIRE
The NHTSA said the vehicles may have a defect that could prevent occupants from being properly restrained. (Jeff Kowalsky/Bloomberg via Getty Images / Getty Images)
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Owners will be instructed to take their vehicles to a Ford or Lincoln dealership, where the second-row easy-entry switch bezel and housing will be replaced with a revised design at no charge.
Owner notification letters will be mailed out later this month, with another letter about the remedy expected to be sent out in January.
Aflac zvyšuje dividendu už 43 let po sobě, ale investoři musí sledovat kurz USD/JPY, protože Japonsko tvoří zhruba třetinu výnosů a přibližně dvě třetiny upraveného zisku před zdaněním.
Aflac (AFL 0.40%) is an insurance company, but it sells what is known as supplemental insurance. These policies are meant to be bought alongside other insurance, paying out only in the event of very specific outcomes, like a cancer diagnosis. However, that isn't the biggest issue you need to monitor when you look at Aflac.
Aflac is different but similar Aflac sells its insurance products directly to consumers. A typical policy example is for cancer coverage. A customer will pay Aflac premiums and, if a cancer diagnosis is made, Aflac will pay a set dollar amount to help cover the customer's out-of-pocket expenses. Still, like all insurers, Aflac makes money if it collects more in premiums than it pays out in claims.
Image source: Getty Images.
But even when it pays claims, it still collects the premiums up front, creating what is known as "float." Until it has to pay out that cash to cover claims, Aflec gets to invest the float to generate income. So far, the business model is different but roughly similar to a typical insurance company. And Aflec has done well as a business, highlighted by its 43-year streak of annual dividend increases. The last hike was a solid 5.2% made at the start of 2026.
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There's a catch that investors need to know about The really big difference with Aflac is its geographic reach. The company generated $4.3 billion in revenue in the first quarter of 2026, but roughly $1.6 billion of that came from its Japanese operations. That's more than a third of the company's top line. That said, the company's Japanese business had pre-tax adjusted earnings of $759 million in the quarter, while the U.S. business produced pre-tax adjusted earnings of just $363 million. That means Japan accounts for roughly two-thirds of the company's pre-tax adjusted earnings.
AFL data by YCharts
If you own Aflac, you need to pay close attention to the relationship between the U.S. dollar and the Japanese yen. A significant change in either direction can materially impact the company's financial results. Obviously, the company has handled this issue well over the years, or it wouldn't have increased its dividend for 43 consecutive years. Notably, it aggressively repurchases its own stock, which helps sustain dividend growth. Fewer shares reduce the burden of the dividend and provide more room for future dividend increases.
Watch, but don't worry too much All in, the company's exposure to Japan probably isn't a good reason to avoid the stock. However, it is something that you'll want to know about and monitor. Aflac, with a roughly 2% dividend yield, is a steady dividend grower, but one that comes with some unique twists.
Capital One Financial Corporation (COF) Q2 2026 Earnings Call July 21, 2026 5:00 PM EDT
Company Participants
Jeff Norris - Senior Vice President of Finance
Andrew Young - Chief Financial Officer
Richard Fairbank - Founder, Chairman, CEO & President
Conference Call Participants
Terry Ma - Barclays Bank PLC, Research Division
Sanjay Sakhrani - Keefe, Bruyette, & Woods, Inc., Research Division
Ryan Nash - Goldman Sachs Group, Inc., Research Division
Darrin Peller - Wolfe Research, LLC
Richard Shane - JPMorgan Chase & Co, Research Division
Robert Wildhack - Autonomous Research US LP
Donald Fandetti - Wells Fargo Securities, LLC, Research Division
John Pancari - Evercore ISI Institutional Equities, Research Division
Mihir Bhatia - BofA Securities, Research Division
L. Erika Penala - UBS Investment Bank, Research Division
Moshe Orenbuch - TD Cowen, Research Division
Presentation
Operator
Good day, and thank you for standing by. Welcome to the Capital One Q2 2026 Earnings Call. Please be advised that today's conference is being recorded. [Operator Instructions]
I would now like to hand the conference over to your speaker today, Jeff Norris, Senior Vice President of Finance. Please go ahead.
Jeff Norris
Senior Vice President of Finance
Thanks very much, Josh, and welcome, everyone. To access the live webcast of this call, please go to the Investors section of Capital One's website, capitalone.com. A copy of the earnings presentation, press release and financial supplement can also be found in the Investors section of Capital One's website by selecting financials and then quarterly earnings release.
With me this evening are Mr. Richard Fairbank, Capital One's Chairman and Chief Executive Officer; and Mr. Andrew Young, Capital One's Chief Financial Officer. Rich and Andrew are going to walk you through this presentation, summarizing our second quarter results for 2026.
Please note that this presentation may contain forward-looking statements. Information regarding Capital One's financial performance and any forward-looking statements contained
News Corp podala proti Brave žalobu a obviňuje ho z „okaté krádeže“ článků Wall Street Journal a New York Post pro AI firmy. Žádá soudní zákaz a náhradu škody.
News Corp's CEO Robert Thomson attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2026. REUTERS/Brendan... Purchase Licensing Rights, opens new tab Read more
SummaryCompaniesNews Corp says Brave's "theft" hurts publishers, journalismBrave earlier sued News Corp, accusing it of threatening AI advancesPublishers, tech companies battle over use of copyrighted content for AIBrave not immediately available for commentJuly 21 (Reuters) - News Corp (NWSA.O), opens new tab, facing a lawsuit by search engine Brave Software, has filed a countersuit accusing it of "flagrant theft" in distributing and selling versions of articles from the Wall Street Journal and New York Post to AI companies.
Brave had last year preemptively sued the media giant, seeking a court declaration that its practices were legal. It sued after receiving a cease-and-desist letter from News Corp, which is led by the family of Rupert Murdoch.
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In a Tuesday filing in the Oakland, California, federal court, News Corp said Brave's unauthorized "covert scraping" and resale of its copyrighted articles fall "nowhere near the bounds" of legally acceptable conduct known as fair use.
"The more content Brave copies and sells, the more revenue it generates, and the less incentive AI companies have to negotiate licenses with the publishers who produced the content," the lawsuit said. "Brave profits while publishers are cut out."
News Corp is seeking an injunction and unspecified monetary damages, plus damages of up to $150,000 per infringement.
Brave and its lawyers did not immediately respond to requests for comment outside business hours.
The competing lawsuits are part of a wave of litigation pitting publishers against technology companies that want to use copyrighted content to support AI.
BRAVE ACCUSED NEWS CORP OF DISRUPTING AIBrave sued News Corp in March 2025, seeking a court declaration that bundling copyrighted articles that can be licensed and sold is not copyright infringement.
It filed a revised complaint in May 2026, following what News Corp called failed negotiations for a "fair, market-based agreement."
Brave has argued that its indexing of News Corp content to make it searchable, and providing users with snippets and "high-level summaries" of that content, amounted to fair use.
The San Francisco-based company also accused News Corp of threatening to disrupt advances in generative AI, which it said many consider "the most important innovation so far this century."
BRAVE ACCUSED OF 'TACKY TECH TRAFFICKING'News Corp Chief Executive Robert Thomson said in a statement that Brave's looting of his company's content reflected "blatant disregard" for the damage to how information is disseminated.
"This era of tacky tech trafficking must come to an end if journalism is to have a sustainable future," Thomson said.
Brave has said it is the smallest of the three U.S.-based companies to operate independent search engines "at scale."
Google (GOOGL.O), opens new tab dominates that market, followed by Microsoft (MSFT.O), opens new tab, which operates Bing.
The New York Post, Dow Jones and News Corp's British and Australian operations are also defendants in Brave's lawsuit.
Reporting by Jonathan Stempel in New York; Editing by Edwina Gibbs
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Synaptics uvedl, že má už více než 35 zákazníků v robotice a fyzické AI. Produktový šéf Vikram Gupta mezitím prodal 1 848 akcií, z toho většinu kvůli daním.
Vikram Gupta, the chief product officer at Synaptics Incorporated (SYNA +5.04%), disposed of 1,848 shares of common stock in transactions completed on July 17, 2026, and July 20, 2026, as disclosed in a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$211,023Shares sold1,848Post-transaction shares (directly held)81,586Post-transaction value$9.27 millionTransaction value based on SEC Form 4 weighted average sale price ($114.19); post-transaction value based on July 20, 2026 market close ($113.60).
Key questionsWhat was the primary driver for this disposition of equity?
Approximately 80% of the total volume—1,488 shares—was non-discretionary, as these shares were withheld by the company to satisfy tax withholding obligations triggered by the settlement of restricted stock units.How does the discretionary sale align with the insider’s trading strategy?
The sale of 360 shares was executed pursuant to a Rule 10b5-1 trading plan established on September 12, 2025, which provides a structured framework for liquidity that is not contingent on current market conditions.What is the recent financial and market context for the company?
Synaptics stock achieved a one-year gain of 72% as of the July 20, 2026, transaction date, while reporting trailing-twelve-month revenue of $1.2 billion and a net loss of $48.1 million.Does the insider retain a meaningful stake in the company?
Yes, Vikram Gupta remains a direct shareholder with 81,586 shares, representing approximately 0.2% of the firm, which had a market capitalization of $4.5 billion as of the July 17, 2026, market close.Company OverviewMetricValueShare Price (as of market close 2026-07-17)$114.05Market Capitalization$4.5 billionRevenue (TTM)$1.2 billionNet Income (TTM)-$48.1 millionCompany SnapshotSynaptics develops and markets semiconductor product solutions, including AudioSmart for advanced sound and voice processing, ConnectSmart for high-speed multimedia connectivity, and DisplayLink for compressed video transmission, generating revenue across audio, video, and connectivity solutions.The company operates a fabless semiconductor business model, designing specialized chips for consumer electronics and computing devices while leveraging third-party manufacturing partners to optimize capital efficiency and scalability.Synaptics serves original equipment manufacturers and system integrators in the personal computing, mobile, and consumer electronics markets, with primary customers including major laptop, smartphone, and peripheral device manufacturers.Synaptics Incorporated is a global semiconductor solutions provider with $1.2 billion in TTM revenue, specializing in human-machine interface and connectivity technologies. The company has demonstrated significant market momentum, with its stock appreciating 72% over the past year, reflecting investor confidence in its product portfolio and market positioning. Synaptics maintains competitive advantages through its specialized expertise in audio processing, video transmission, and connectivity solutions that enhance user experience across diverse consumer and computing platforms.
What this transaction means for investorsThe discretionary piece of this filing is just 360 shares, worth about $41,000. Everything else, roughly 80%, was scooped up for taxes when Gupta's restricted stock settled. For the executive who owns Synaptics' product roadmap, keeping 81,586 shares while a sliver goes to the IRS doesn’t raise any red flags for investors at all.
More interestingly, however, those products are increasingly aimed at edge AI. Synaptics grew fiscal third-quarter revenue 10% to $294.2 million, led by a 31% jump in core internet-of-things chips, and rolled out an FDA-cleared and design-win pipeline in what management calls physical AI and robotics, with more than 35 customers now engaged there, “including a leading generative AI OEM,” according to the latest earnings call. CEO Rahul Patel also said the company is "delivering highly differentiated products and solutions.” Ultimately, this robotics engagement is worth keeping an eye on, especially since a product chief holding his shares while wins accumulate is a modest signal that the roadmap has runway.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Synaptics. The Motley Fool has a disclosure policy.
East West Bancorp zveřejnila výsledky za 2. čtvrtletí 2026. Na konferenčním hovoru k nim vystoupili CEO Dominic Ng, CFO Christopher Del Moral-Niles a šéfka risku Irene Oh.
East West Bancorp, Inc. (EWBC) Q2 2026 Earnings Call July 21, 2026 5:00 PM EDT
Company Participants
Adrienne Atkinson - Director of Investor Relations
Dominic Ng - Chairman, President & CEO
Christopher Del Moral-Niles - Executive VP & CFO
Irene Oh - Executive VP & Chief Risk Officer
Conference Call Participants
Jared David Shaw - Barclays Bank PLC, Research Division
David Rochester - Cantor Fitzgerald & Co., Research Division
David Smith - Truist Securities, Inc., Research Division
Manan Gosalia - Morgan Stanley, Research Division
David Chiaverini - Jefferies LLC, Research Division
Timur Braziler - UBS Investment Bank, Research Division
Ebrahim Poonawala - BofA Securities, Research Division
Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division
Matthew Clark - Piper Sandler & Co., Research Division
Sun Young Lee - TD Cowen, Research Division
Bernard Von Gizycki - Deutsche Bank AG, Research Division
Presentation
Operator
Good day, and welcome to East West Bancorp's Second Quarter 2026 Earnings Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Adrienne Atkinson, Director of Investor Relations. Please go ahead.
Adrienne Atkinson
Director of Investor Relations
Thank you, operator. Good afternoon, and thank you, everyone, for joining us to review East West Bancorp's Second Quarter 2026 Financial Results. With me are Dominic Ng, Chairman and Chief Executive Officer; Chris Del Moral-Niles, Chief Financial Officer; and Irene Oh, Chief Risk Officer. This call is being recorded and will be available for replay on our Investor Relations website. The slide deck referenced during this call is available on our Investor Relations site.
Management may make projections or other forward-looking statements, which may differ materially from the actual results due to a number of risks and uncertainties. Management may discuss non-GAAP financial measures. For a more detailed description of the risk factors and a reconciliation of GAAP to non-GAAP financial measures, please refer
Britská inflace CPI za červen má podle odhadů zpomalit na 2,7 % meziročně, stále však zůstane nad cílem BoE. GBP/USD mezitím naráží na rezistenci v pásmu 1,3550–1,3560.
The UK Office for National Statistics (ONS) will release the June Consumer Price Index (CPI) figures on Wednesday at 06:00 GMT, a print that will matter for markets. Consensus expectations point to inflation pressures still above the Bank of England’s (BoE) target, although losing further momentum.
UK consumer inflation remains one of the most important inputs for the BoE and typically carries real weight for the British Pound (GBP). Following the latest cautious hold by the BoE on June 18, investors now favour a steady hand by the ‘Old Lady’ at its meeting on July 30.
What to expect from the next UK inflation report?Headline UK CPI is expected to clock 2.7% in the year to June, a tad lower than the May reading. On a monthly basis, inflation is seen gaining 0.1%, adding to the 0.2% increase recorded the previous month.
Core inflation, which strips out the more volatile food and energy components and is therefore more closely watched by the BoE, is forecast at 2.5% on an annual basis, down a tenth of percent from May.
How will the UK CPI data affect GBP/USD?The BoE met expectations and kept the bank rate unchanged at 3.75% on June 18. However, the 7–2 vote split carried a slightly more hawkish tone, with Megan Greene joining Huw Pill in supporting a 25-basis-point increase. But the larger message is patience, with policy still firmly in wait-and-see mode and market pricing that reflects that stance.
In his latest comments last week, Governor Andrew Bailey said the renewed hostilities in the Gulf highlighted the instability facing the global economy. Turning to the UK, he argued that the country was supported by both its fiscal framework and monetary policy, while stressing that the central challenge remained economic growth.
Bailey added that the UK’s core banking system was resilient and that debt levels were not overstretched. However, he warned that sustainable economic growth would not be possible without financial stability.
Implied rates currently suggest nearly 43 basis points of tightening by year-end, while consensus sees the central bank keeping its policy rate unchanged at its next gathering on July 30.
Back to technicals, Senior Analyst at FXStreet, Pablo Piovano, notes that the recent multi-week recovery in GBP/USD appears to have encountered some initial hurdle in the 1.3550-1.3560 band near the July tops. “In case bulls regain the upper hand, the next barrier emerges at the May top at 1.3653 (May 11), followed by the YTD ceiling at 1.3868 (January 27)," he adds.
On the downside, Piovano sees initial contention at current yearly lows near 1.3140 (June 24). “Further weakness from here could expose a move toward the November 2025 base at 1.3010 (November 5),” Piovano adds.
Piovano also points out that momentum indicators remain somewhat bullish for now as the Relative Strength Index (RSI) hovers just below 54, while the Average Directional Index (ADX) near 18 suggests the current trend lacks muscle.
Interest rates FAQs Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors. They are influenced by base lending rates, which are set by central banks in response to changes in the economy. Central banks normally have a mandate to ensure price stability, which in most cases means targeting a core inflation rate of around 2%. If inflation falls below target the central bank may cut base lending rates, with a view to stimulating lending and boosting the economy. If inflation rises substantially above 2% it normally results in the central bank raising base lending rates in an attempt to lower inflation.
Higher interest rates generally help strengthen a country’s currency as they make it a more attractive place for global investors to park their money.
Higher interest rates overall weigh on the price of Gold because they increase the opportunity cost of holding Gold instead of investing in an interest-bearing asset or placing cash in the bank. If interest rates are high that usually pushes up the price of the US Dollar (USD), and since Gold is priced in Dollars, this has the effect of lowering the price of Gold.
The Fed funds rate is the overnight rate at which US banks lend to each other. It is the oft-quoted headline rate set by the Federal Reserve at its FOMC meetings. It is set as a range, for example 4.75%-5.00%, though the upper limit (in that case 5.00%) is the quoted figure. Market expectations for future Fed funds rate are tracked by the CME FedWatch tool, which shapes how many financial markets behave in anticipation of future Federal Reserve monetary policy decisions.
Economic Indicator Consumer Price Index (MoM) The United Kingdom (UK) Consumer Price Index (CPI), released by the Office for National Statistics on a monthly basis, is a measure of consumer price inflation – the rate at which the prices of goods and services bought by households rise or fall – produced to international standards. It is also the inflation measure used in the government’s target. The MoM figure compares the prices of goods in the reference month to the previous month. Generally, a high reading is seen as bullish for the Pound Sterling (GBP), while a low reading is seen as bearish.
Nike od ledna omezí v Číně tisíce online distributorů a přesune prodej hlavně na vlastní web, aplikaci a oficiální obchody na Tmall, JD.com a Douyin. Cílem je zjednodušit digitální prodej a získat zpět kontrolu nad cenami.
Nike is planning to cut off thousands of online distributors in China beginning in January as the sneaker giant looks to clean up what's become a messy digital marketplace and get the region back to growth, the company said Tuesday.
Starting next year, Nike's online footprint will shift primarily to the retailer's official website and app, and the storefronts it operates on Tmall, JD.com and Douyin, some of China's largest online marketplaces and social platforms.
Currently, consumers can shop Nike through all of those channels as well as thousands of other online storefronts powered by Nike's brick-and-mortar partners in the region and a network of secondary distributors. While the vast digital network has led to widespread consumer access to Nike's products, it's also created an inconsistent branding and pricing experience and hampered the company's efforts to reverse a sales decline in the region.
"These new flagships will serve as the single, elevated destination for Nike within these ecosystems, with clearer product presentation, stronger storytelling and more connected consumer journeys," Cathy Sparks, Nike's new vice president and general manager of Greater China, wrote in a letter. "This is about strengthening the platforms where consumers already begin and end their shopping journey, making sure those experiences are direct, consistent and unmistakably Nike."
"This is not about reducing access. It is about reducing fragmentation and strengthening the consumer journey," she said. "When the experience is consistent, the brand becomes stronger."
Nike's plans to pare back its online footprint are designed to create a better, more consistent experience for the consumer and allow it to take back pricing control online. However, there are also concerns it could lead to a material drop in revenue in a region that's already shrunk about 30% in the last five years.
News about Nike's plans to cut off online distributors first came to light late last month in a local Chinese media report. It prompted a note from BNP Paribas equity analyst Laurent Vasilescu, who wrote the move is reminiscent of Nike's ill-fated decision to cut off wholesalers in North America, which contributed to its collapse of market dominance in the region, as well as steep declines in sales and margins.
"This strategy opened up shelf space for competitors and the strategy ended poorly for Nike. We believe the same could happen if it takes the same approach in China," Vasilescu wrote last month, adding that BNP was sticking with its underperform rating for the company. "We don't think Nike has a distributor problem but rather a product problem which also applies in other markets."
The change is also expected to hurt Nike's brick-and-mortar partners in the region, which have expanded their online presence in recent years to grow their own businesses.
Still, Topsports, Nike's largest distributor in mainland China, said it supports the company's decision.
"Topsports has worked with Nike for 27 years based on the principle of mutual benefit and shared growth," Topsports CEO Yu Wu said in a statement. "This adjustment will bring some short-term pressure to our business. But we firmly believe that, over the medium- to long-term, this direction will help promote a healthier, more orderly, and more sustainable retail ecosystem in China, while further improving consumer experience and product appeal."
"Looking ahead, we will continue to work closely with Nike, leveraging our strengths in offline retail operations, local consumer service, and deep market development across city tiers," Wu said. "Through new concept sport stores and high-quality physical retail experiences, we will bring Chinese consumers richer and more meaningful sport experiences."
Nike (NKE 1.17%) has been struggling for years, and those challenges continued in the first half of the year, pushing the stock lower.
Nike told investors that its hoped-for turnaround would take longer than expected; revenue continued to be flat; its CFO said it was stepping down, and tariff-related expenses torched its profits.
As a result, the stock lost 36% over the first half of the year, according to S&P Global Market Intelligence.
As you can see from the chart below, the stock's declines came primarily in March and April, and it fell sharply following its third-quarter earnings report at the end of March.
NKE data by YCharts
Nike's slide continues Nike's issues in the first half of the year will be familiar to anyone who has followed the stock in recent years.
Investors have been hopeful that Elliott Hill, who took over as CEO nearly two years ago, could turn the business around, but that has yet to materialize.
In the first half of the calendar year, tariffs hit the company's profits sharply. In its third-quarter earnings report, revenue was flat at $11.3 billion, and gross margin fell 130 basis points to 40.2%.
The stock fell 15.5% on April 1 after the report came out, its worst day of the year. However, investors seemed to be more concerned about its forecast of declining revenue in the fourth quarter and comments on the earnings call that it didn't expect gross margin to return to growth until the second quarter of fiscal 2027, which ends this November. Investors were hopeful that it would get back to margin expansion sooner than that.
Additionally, the stock sank in March as the war in Iran weighed on stocks broadly, especially consumer discretionary names like Nike. Nike is sensitive to inflation, which can impact consumer spending, and the war also has the potential to disrupt supply chains.
Image source: Getty Images.
What's next for Nike Nike stock initially plunged on its fourth-quarter earnings report, released on June 30, falling double-digits in the after-hours session. However, the stock finished up 5% the following day, a sign that investors may believe that Nike is bottoming out.
The results were again mostly underwhelming, with revenue down 1%, but investors seem convinced that the new fiscal year would bring a return to margin expansion, which it continues to expect in the second quarter.
Nike's turnaround is showing results in some categories as it's now growing and gaining market share in running, but there's still a lot of work to be done. At this point, it's hard to call the stock cheap even as it's fallen more than 75% from its peak, but there's certainly upside potential if it can return to growth on the top and bottom lines.
Sony od ledna 2028 ukončí výrobu fyzických nosičů pro nové hry na PlayStation a přejde na digitální vydání. Tento krok zkomplikuje bazarový trh s hrami, který měl v roce 2025 podle odhadů hodnotu 7,2 miliardy USD.
In June 2013, Sony's PlayStation put out a short video demonstrating how easy it was to share games on PlayStation.
Then-Sony executive Shuhei Yoshida handed a disc to colleague Adam Boyes, and that was it. But it was viewed as more than just a simple instruction, it was seen as a dig at rival Microsoft Xbox's strict game-sharing policies.
"Trade in the game at retail. Sell it to another person. Lend it to a friend, or keep it forever," then-President and CEO of Sony Computer Entertainment America Jack Tretton said at a conference that same year. "When a gamer buys a PS4 disc, they have the rights to use that copy of the game."
The line sparked a standing ovation and helped intensify the backlash that led Xbox to roll back its restrictive policies.
Now, in the eyes of some, Sony is becoming the very villain it mocked.
PlayStation has announced it will end physical disc production for new games released on its consoles starting in January 2028, making new releases digital-only.
Boxed retail versions, if they are sold, will contain a download code rather than a disc.
One of the first games that will use this model is reportedly Take-Two Interactive's highly anticipated Grand Theft Auto 6, published by Rockstar Games and slated for release this year.
The economics are in Sony's favor. By selling more games digitally, the company has less need to manufacture physical boxes, and physical discs are eliminated completely, improving profit margins.
Michael Pachter, managing director of strategic planning at Wedbush Securities, told CNBC that the move will save Sony a bit of money, but "there can be no question that the consumer pays the tax in terms of less optionality."
A disc can be resold, traded in, lent to a friend, given as a gift, kept on a shelf, or preserved after a storefront shuts down. A download code cannot do any of that.
Without physical discs, gamers lose the ability to buy cheaper used games or recoup money from games they have finished. The change will give Sony a tighter grip on where games are sold, when they are discounted and how long consumers can access them.
"This is a truly ironic turn of events," Kazunori Ito, director of equity research at Morningstar, told CNBC. Sony won goodwill in 2013 by presenting physical discs as the "simple, consumer-friendly option," he said.
On YouTube, gamers resurfaced Sony's old clips with bitter comments: "This is like watching the wedding video after the divorce," one wrote. "Oh, how the mighty have fallen," wrote another.
Existing physical games, and titles released on disc before the cutoff, will not be affected.
"This is an extremely anti-consumer decision that has no legitimate justification and communicates a disdain for players in their ecosystem," Michael Futter, founder of video game industry consultancy F-Squared, told CNBC.
For Futter, the issue is that consoles are closed ecosystems, controlled by the platform holder. On PC, players can buy games through other marketplaces like Steam or the Epic Games Store.
"Sony would love for us to believe that the PC market's shift to digital is the exact same thing as consoles going down that path. It simply isn't," Futter said.
"There is an important difference between players accepting that shift because they see value in it, and having it effectively forced on them by taking away the alternative."
Kazunori Ito
Director of Equity Research, Morningstar
Sony and Playstation did not respond to CNBC's queries for comment.
Resale market declineSony's move has direct implications for the second-hand gaming economy. Dataintelo estimates the global second-hand game platform market, including pre-owned games, consoles, accessories and peripherals, was worth $7.2 billion in 2025 and will reach $13.8 billion by 2034.
"Realistically, at least 1/3 of games have been sold historically as used, and the games that were sold used also provided currency to the gamer who traded them in as cash to pay for new games," Wedbush's Patcher said. "Brick and mortar game retail is doomed."
While older games can still circulate even after disc production ceases, that's not possible with digital ones.
Morningstar's Ito expects the second-hand market for games to "keep shrinking and eventually disappear."
Developers will have less flexibility over discounting than PC platforms, where games can be sold across Steam, Epic Games Store, GOG and other stores, according to Futter.
However, Sony's defenders might argue that the market has changed since 2013. Sony's results for full-year 2025 showed that revenue from PlayStation 4 and 5 physical games is almost 10 times less than the revenue from digital downloads of full games.
Sony said in its announcement that the decision was a "natural direction for Sony Interactive Entertainment to adapt to consumer trends as the general preference for digital media significantly outpaces physical discs."
Separately, over 500 previously purchased movies will be removed from users' PlayStation libraries because of licensing agreements, with Sony's notice making no mention of compensation.
Still, some were wary of what this step could lead to eventually.
"What's to stop PlayStation from taking the same actions with games we've purchased?" Futter posited.
Ito expressed concern also.
"There is an important difference between players accepting that shift because they see value in it, and having it effectively forced on them by taking away the alternative," he said.
"Most would prefer to make that transition in their own way and at their own pace, rather than having it driven by the end of physical discs," he added.
Finanční ředitel MARA Holdings prodal 16 000 akcií v rámci předem připraveného plánu 10b5-1. Firma zároveň uvedla, že výnosy za 1. čtvrtletí klesly o 18 % na 174,6 milionu USD.
Salman Hassan Khan, the chief financial officer of MARA Holdings, Inc. (MARA +4.97%), reported a sale of 16,000 shares of common stock on July 17, 2026, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueShares sold (indirectly held)16,000Transaction value$174,400Post-transaction shares (directly held)1,670,140Post-transaction shares (indirectly held)393,066Post-transaction value$22.06 millionTransaction value based on SEC Form 4 weighted average sale price ($10.90); post-transaction value based on July 17, 2026 market close ($10.69).
Key questionsWhat was the mechanism governing this transaction?
The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on September 11, 2025. This allows insiders to set up a predetermined schedule for selling shares to avoid concerns about trading on non-public information.How does this sale affect Salman Hassan Khan's long-term exposure to the company?
Despite the disposition of 16,000 shares, the CFO maintains a substantial equity position of about 2.1 million total shares. His direct holdings of 1.7 million shares remain unchanged by this transaction.What is the recent performance context for the stock?
As of the transaction date, shares have seen a one-year decline of roughly 35%. The broader company context includes a trailing twelve-month net loss of $2.0 billion.Who are the beneficiaries of the indirect holdings?
The shares sold were held by the S & N Khan Family Trust. The reporting person and his spouse act as trustees, while immediate family members are the sole beneficiaries of this entity.Company OverviewMetricValueShare Price (as of market close 2026-07-17)$12.25Market Capitalization$4.7 billionRevenue (TTM)$867.8 millionNet Income (TTM)-$2.0 billionCompany SnapshotMARA Holdings operates as a digital asset technology company focused on Bitcoin mining, generating revenue through the ownership and operation of Bitcoin mining facilities, the sale of proprietary software and technology to third-party Bitcoin ecosystem operators, and the provision of advisory and consulting services to support Bitcoin mining ventures across domestic and international jurisdictions.The company's business model centers on deploying capital-intensive mining infrastructure powered by renewable energy resources, leveraging technological innovation to optimize mining operations, and monetizing intellectual property and expertise through software licensing and strategic advisory services.MARA Holdings serves institutional investors, cryptocurrency ecosystem participants, and energy companies seeking exposure to Bitcoin mining, targeting both domestic and international markets with a focus on sustainable, technology-enabled mining operations.MARA Holdings, Inc. is a substantial participant in the Bitcoin mining sector, positioning it as a significant infrastructure provider within the digital asset ecosystem. The company differentiates itself through its integration of renewable energy resources, proprietary mining technology, and advisory capabilities, enabling it to serve as both an operational mining enterprise and a technology solutions provider to the broader Bitcoin mining industry. Despite current profitability challenges reflected in a TTM net loss of $2.0 billion, the company maintains a strategic focus on long-term value creation within the evolving cryptocurrency infrastructure landscape.
What this transaction means for investorsThe shares were sold through the S & N Khan Family Trust, not his personal holdings, and trust assets can be managed for estate and family purposes on timelines that have nothing to do with where a stock trades day to day, or month to month. Plus, the plan behind it was set last September, and his combined position still runs to roughly 2.1 million shares.
As finance chief, Khan has been steering the company through a real pivot. First-quarter revenue fell 18% to $174.6 million, which he attributed on the latest earnings call to "an 18% decrease in Bitcoin's average price." However, MARA is now pushing into artificial intelligence and high-performance computing, buying French data center operator Exaion for $168 million in cash up front and cutting about 15% of its workforce at a cost of $45.9 million. It refinanced its credit line down to 7% from 10.5%, with $513.7 million in cash on hand. Long-term, the ongoing pivot will be a determinantfactor. Mining revenue rises and falls with Bitcoin, but data center contracts don't, and whether MARA can build a second business is the open question.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Bittensor přepracoval dokumentaci tak, aby byla strojově čitelná i pro AI agenty a aby jim usnadnila práci se subnety, stakingem TAO, miningem i validací. Nové materiály zahrnují Quickstart, rozšířené SDK a aktualizované návody k CLI.
Bittensor just made a quiet but consequential move: it redesigned its entire documentation layer so that AI agents, not just human developers, can parse it, understand it, and act on it. The OpenTensor Foundation announced the upgrade on July 21, 2026, framing it as infrastructure for what it calls an “agentic world.”
The documentation overhaul goes well beyond reformatting existing pages. Bittensor rolled out a five-minute Quickstart guide, an expanded Software Development Kit, updated Command Line Interface guides, and migration materials for developers transitioning from older versions of the platform.
The docs now cover wallet management, staking TAO (Bittensor’s native token), mining, validating, and subnet operations. All of it is structured for both human readability and machine consumption.
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This matters because Bittensor’s network runs on subnets, which are specialized markets that create and trade digital commodities like computational power, AI inference, and storage solutions. If an AI agent can read the documentation, discover what a subnet does, and start participating in it without a developer manually wiring everything together, you’ve fundamentally changed the speed at which the ecosystem can grow.
The update arrived just three days after the v431 network upgrade on July 18, 2026, which introduced improved security measures and launched the Conviction mechanism for subnet ownership. That upgrade was designed to lower barriers for programmatic and agent-driven participation in subnets. The documentation refresh is essentially the instruction manual that makes the v431 features accessible to both humans and their AI counterparts.
With machine-readable documentation, an AI agent can theoretically do most of that work itself. It loads the docs, identifies available operations, understands the parameters required, and starts making calls. The human developer becomes a supervisor rather than a line-by-line coder.
If machine-readable docs successfully lower the barrier for AI agents to participate in Bittensor’s subnets, the logical consequence is more network activity. More activity means more demand for TAO, since operations on the network, from staking to mining to subnet interactions, require token usage.
Community feedback on the update has been notably positive, with developers highlighting reduced friction and praising the platform’s AI-native infrastructure approach.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Dynatrace (DT) v poslední obchodní seanci klesl o 4,16 % na 42,85 USD, i když širší trh rostl. Před zveřejněním výsledků trh čeká na EPS 0,45 USD a tržby 549,3 mil. USD.
Dynatrace (DT - Free Report) closed the most recent trading day at $42.85, moving -4.16% from the previous trading session. This move lagged the S&P 500's daily gain of 0.89%. Meanwhile, the Dow gained 0.74%, and the Nasdaq, a tech-heavy index, added 1.29%.
Shares of the software intellegence company witnessed a gain of 10.5% over the previous month, beating the performance of the Computer and Technology sector with its loss of 6.6%, and the S&P 500's loss of 0.63%.
The upcoming earnings release of Dynatrace will be of great interest to investors. The company is predicted to post an EPS of $0.45, indicating a 7.14% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $549.3 million, showing a 15.07% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.95 per share and revenue of $2.33 billion, indicating changes of +14.71% and +15.23%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Dynatrace. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Over the past month, there's been a 0.22% fall in the Zacks Consensus EPS estimate. Dynatrace is currently a Zacks Rank #3 (Hold).
Investors should also note Dynatrace's current valuation metrics, including its Forward P/E ratio of 22.97. Its industry sports an average Forward P/E of 12.98, so one might conclude that Dynatrace is trading at a premium comparatively.
Investors should also note that DT has a PEG ratio of 1.65 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Computers - IT Services stocks are, on average, holding a PEG ratio of 0.99 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 68, positioning it in the top 28% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Capital One po dokončení převodu debetních karet na síť Discover nyní testuje své kreditní karty na této síti. Firma zároveň uvedla, že domácí úvěrové ukazatele se zlepšily a delikvence klesly na 3,39 %.
Capital One card purchase volume reached $253.8 billion, while legacy Discover purchase volume increased just under 2%.
Capital One completed its debit conversion to the Discover network and is now testing Capital One credit cards on the network.
Domestic card charge-offs and delinquencies declined as payment rates remained above pre-pandemic levels.
Capital One’s Discover integration dominated discussion during the second-quarter earnings call, alongside new initiatives, with the bank testing Capital One credit cards on the Discover network while continuing to spend on technology and artificial intelligence (AI).
The company’s results on Tuesday (July 21) indicated that credit card purchase volume totaled $253.8 billion, increasing 15% sequentially and 26% from a year earlier. The year-over-year comparison includes the effect of Discover, which was present for only part of the second quarter of 2025.
Legacy Discover purchase volume increased just under 2% year over year. Purchase volume for legacy Capital One businesses, including Brex and the corporate card business transferred from commercial banking, increased about 14%. Management said most of that increase came from underlying organic growth.
Card loan growth was more restrained. Legacy Discover card loans declined 1.5% from a year earlier, while ending loans excluding Discover increased about 5.3%.
Chairman and CEO Richard Fairbank said Discover remains in what Capital One has called a “brownout” in loan growth during the integration. The company expects the constraint to continue for some time, although Fairbank said Capital One sees opportunities to increase Discover growth after the technology integration is completed.
Shares were up 0.2% in after hours trading Tuesday.
Discover Network Moves From Debit to Credit Capital One has completed the conversion of its debit cards to the Discover network, and the second quarter included the full quarterly run rate of the associated debit revenue synergies. Global Payment Network transaction volume reached approximately $190 billion, up about 9% sequentially.
The company is now testing credit card volume on the network.
“We are leaning hard into right now testing originating legacy Capital One branded accounts on the Discover network as well as testing the conversion of existing Capital One accounts to the Discover network,” Fairbank told analysts during the call.
Capital One has not announced how much credit card volume it will ultimately move or when. Fairbank said the company will make those decisions after evaluating the tests.
Network acceptance is part of that work. Capital One is addressing remaining domestic acceptance gaps and increasing international acceptance, with particular attention to Mexico, the Caribbean, Canada and the United Kingdom, which Fairbank identified as the four leading international destinations for its customers.
Technology and AI Spending Continues Capital One is carrying out the Discover integration alongside continued investment in its broader technology infrastructure.
Those investments continue to affect expenses. Domestic card non-interest expense increased 38% year over year, reflecting the addition of Discover as well as continuing technology investment.
Commentary during the call indicated that Capital One has realized about one-third of the announced Discover operating-expense synergies and expects to achieve the remainder by the second half of 2027.
Domestic card credit measures improved during the quarter. The net charge-off rate was 4.71%, down from 5.05% in the first quarter and 5.20% a year earlier.
The delinquency rate ended June at 3.39%, down 31 basis points sequentially and 21 basis points year over year. Management said credit trends were similar in the legacy Capital One and legacy Discover portfolios.
Capital One also released $662 million from its allowance for credit losses. CFO Andrew Young said the domestic card allowance reduction reflected “continued favorable observed credit in the quarter” and a modest reduction in the consideration given to economic uncertainty.
Consumers Continue to Spend and Pay Down Balances Capital One’s card results showed continued spending alongside relatively high payment rates.
Fairbank said spending growth was being driven by both account growth and “steady growth in spend per customer.” Payment rates remained “meaningfully above pre-pandemic levels across all of our customer segments,” while revolving rates have stabilized near pre-pandemic levels across the company’s major products and segments.
Those higher payment rates also help explain why loan balances are not growing as quickly as purchase volume. Fairbank said elevated payment rates “hold loan growth back a little bit,” while also associating them with stronger credit performance.
First Financial Bancorp vykázala za čtvrtletí zisk 0,8 USD na akcii, což bylo pod odhadem 0,81 USD. Výnosy 265,33 milionu USD také zaostaly za očekáváním.
First Financial Bancorp (FFBC - Free Report) came out with quarterly earnings of $0.8 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -1.24%. A quarter ago, it was expected that this holding company for First Financial Bank would post earnings of $0.7 per share when it actually produced earnings of $0.77, delivering a surprise of +10%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
First Financial, which belongs to the Zacks Banks - Midwest industry, posted revenues of $265.33 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.37%. This compares to year-ago revenues of $227.58 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
First Financial shares have added about 41.8% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for First Financial?While First Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for First Financial was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.84 on $273.1 million in revenues for the coming quarter and $3.19 on $1.08 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
First Financial Corp. (THFF - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.
This holding company for First Financial Bank is expected to post quarterly earnings of $1.71 per share in its upcoming report, which represents a year-over-year change of +8.9%. The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level.
First Financial Corp.'s revenues are expected to be $72.05 million, up 14.3% from the year-ago quarter.
Western Alliance oznámila zisk 2,22 USD na akcii, což je méně než očekávaných 2,33 USD. Tržby dosáhly 1,01 miliardy USD za čtvrtletí končící v červnu 2026 a překonaly odhad.
Western Alliance (WAL - Free Report) came out with quarterly earnings of $2.22 per share, missing the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $2.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -4.72%. A quarter ago, it was expected that this bank holding company would post earnings of $1.48 per share when it actually produced earnings of $2.22, delivering a surprise of +50%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Western Alliance, which belongs to the Zacks Banks - West industry, posted revenues of $1.01 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.28%. This compares to year-ago revenues of $856.1 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Western Alliance shares have lost about 3.7% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Western Alliance?While Western Alliance has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Western Alliance was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.67 on $1.02 billion in revenues for the coming quarter and $9.50 on $4.06 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Northrim BanCorp (NRIM - Free Report) , is yet to report results for the quarter ended June 2026.
This holding company for Northrim Bank is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of +19.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Northrim BanCorp's revenues are expected to be $53.1 million, up 5.7% from the year-ago quarter.
Alaska Air Group vykázala za čtvrtletí končící v červnu 2026 tržby 4,07 miliardy USD, meziročně o 9,8 % více, ale EPS klesl na -0,92 USD na akcii z 1,78 USD.
Alaska Air Group (ALK - Free Report) reported $4.07 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 9.8%. EPS of -$0.92 for the same period compares to $1.78 a year ago.
The reported revenue represents a surprise of -0.73% over the Zacks Consensus Estimate of $4.09 billion. With the consensus EPS estimate being -$0.97, the EPS surprise was +5.16%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Alaska Air performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Passenger Load Factor: 82.3% versus 84.1% estimated by five analysts on average.Total revenue per ASM (RASM): 16.72 cents versus the four-analyst average estimate of 16.87 cents.Available seat miles (ASM): 24.31 billion compared to the 24.28 billion average estimate based on four analysts.Revenue passenger miles (RPM): 20.01 billion compared to the 20.45 billion average estimate based on four analysts.Fuel Expenses: $1.31 billion versus $1.32 billion estimated by four analysts on average.Economic fuel cost per gallon: $4.43 versus the four-analyst average estimate of $4.46.Passenger Yield: 18.21 cents compared to the 18.18 cents average estimate based on three analysts.Fuel gallons: 295.00 Mgal versus the three-analyst average estimate of 296.06 Mgal.Operating expenses per ASM, excluding fuel and special items: 11.4 cents versus 11.55 cents estimated by three analysts on average.Total Passenger Revenue: $3.64 billion compared to the $3.71 billion average estimate based on five analysts. The reported number represents a change of +8.6% year over year.Revenue- Loyalty program other revenue: $258 million versus the four-analyst average estimate of $224.08 million. The reported number represents a year-over-year change of +22.9%.Revenue- Cargo and other: $163 million compared to the $163.01 million average estimate based on four analysts. The reported number represents a change of +17.3% year over year.View all Key Company Metrics for Alaska Air here>>>
Shares of Alaska Air have returned -5.7% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
In the latest trading session, Leidos (LDOS - Free Report) closed at $104.92, marking a -1.96% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.89% for the day. Elsewhere, the Dow saw an upswing of 0.74%, while the tech-heavy Nasdaq appreciated by 1.29%.
Coming into today, shares of the security and engineering company had gained 2.08% in the past month. In that same time, the Computer and Technology sector lost 6.6%, while the S&P 500 lost 0.63%.
Market participants will be closely following the financial results of Leidos in its upcoming release. The company plans to announce its earnings on August 4, 2026. The company is expected to report EPS of $2.9, down 9.66% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.36 billion, up 2.55% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $12.3 per share and revenue of $18.12 billion. These totals would mark changes of +2.59% and +5.53%, respectively, from last year.
Any recent changes to analyst estimates for Leidos should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.41% higher. Leidos presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Leidos is holding a Forward P/E ratio of 8.7. This indicates a discount in contrast to its industry's Forward P/E of 12.98.
Investors should also note that LDOS has a PEG ratio of 1.57 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Computers - IT Services stocks are, on average, holding a PEG ratio of 0.99 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 68, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Pump.fun spustil BOOST režim, který má při migraci tokenů automaticky vracet likviditu a po dokončení přidávat 17,6 SOL nebo 2 516 USDC. Firma tvrdí, že tím uvolní přes 100 milionů USD ročně dříve ztracené likvidity.
What BOOST Mode Does@Pumpfun has activated a new feature called BOOST mode, designed to recover more than $100M in annual liquidity that was previously lost during token migrations. Under the old system, a portion of the capital accumulated inside a bonding curve was effectively stranded during the graduation process, never making it into the new trading pool.
The BOOST mechanism changes that. According to @Pumpfun, every newly bonded asset now automatically receives 17.6 $SOL or $2,516 $USDC reinjected into it immediately upon graduation. The capital is deployed over five minutes through a series of systematic buybacks and burns, designed to support price action at the most vulnerable moment in a token's lifecycle.
To manage execution risk, the protocol uses a Time-Weighted Average Price (TWAP) strategy. Rather than deploying capital in a single transaction, TWAP spreads purchases across a defined window, reducing the chance of front-running or adverse price impact. The net result, according to the team, is that 20% of liquidity previously sacrificed to protocol friction is now put to work supporting each graduating token.
Context: Pumpfun's Migration Architecture A Pump.fun token graduates when its bonding curve is fully sold out, meaning 100% of the 800 million tradable tokens have been bought. Pump.fun launched PumpSwap in March 2025, and graduations have gone there ever since. Tokens that complete their bonding curve now migrate directly to PumpSwap, removing the 6 SOL migration fee that previously applied.
The BOOST update sits on top of that architecture. By capturing capital that historically disappeared into protocol overhead, it gives newly graduated tokens an immediate liquidity injection rather than leaving them to find their footing in the open market with whatever the bonding curve left behind.
The move is the latest in a broader push by Pump.fun to shore up its ecosystem economics. Pump.fun's gross protocol revenue totaled $971.37 million in 2025 but is annualizing to roughly $320 million so far in 2026, according to DefiLlama data. Earlier this year, the team unveiled a structured buyback-and-burn program directing 50% of revenue from core products, the bonding curve, PumpSwap, and its terminal, to irreversible smart contracts that purchase and burn $PUMP for at least one year.
BOOST mode extends that logic down to the individual token level, attempting to make every graduation event more robust for traders and token creators alike.
Sources
CoinDesk: Pump.fun Burns 36% of PUMP Supply, Locks 50% Revenue Into Buybacks
CryptoNews Australia: Pump.fun Unveils PumpSwap DEX and Token Migration Strategy
Akcionáři Satsuma Technology schválili likvidaci celé bitcoinové pozice o objemu 668 BTC a zrušení kotace na London Stock Exchange. Firma tak ukončuje svůj experiment s DAT.
In brief Shareholders voted by more than 90% to sell the company's 668 BTC, return capital, and cancel its London Stock Exchange listing This marks the end of a Bitcoin treasury experiment in under twelve months. Satsuma raised £163.6 million in August 2025 but expects to return only £26.8 to £30 million after wind-down costs. The shareholders of Satsuma Technology, a U.K.-based Bitcoin treasury company, have voted to liquidate the company's entire Bitcoin position and shut down the business, overruling four of its six board members.
More than 90% of votes cast backed the dual resolutions to sell 668 BTC—worth roughly $43.5 million—and cancel the company's London Stock Exchange listing, per a Monday filing. The move unwinds the digital asset treasury, or DAT for short—the latest such company to call it a day after the DAT trend picked up steam in 2025.
Satsuma started life as TAO Alpha, a small AI firm, before rebranding and hiring Mark Moss in August 2025 as its Chief Bitcoin Strategist. Moss is an American Bitcoin commentator with over 700,000 YouTube subscribers known for advising institutions on how to buy and hold Bitcoin as a corporate treasury asset—essentially, a company's rainy-day fund, but in crypto.
The same month, Satsuma raised £163.6 million ($218 million) through convertible notes—debt instruments investors can either reclaim as cash or convert into company shares—led by ParaFi Capital, with Pantera Capital, Digital Currency Group, and Kraken joining in. Investors contributed 1,097 BTC directly in place of roughly $97 million in cash.
The stock peaked around £14 per share, roughly £66 million in market cap, in June 2025. Bitcoin then hit its $126,000 all-time high in October before entering a months-long slide in what became the current crypto winter, dragging the rest of the market—including Satsuma’s stock—with it.
By December, Satsuma was already selling assets to stay solvent: 579 BTC went for £40 million to ensure it had enough cash to repay noteholders who chose not to convert their debt into shares by year-end.
The unravelingThe company’s CFO departed in February 2026; the CEO followed in March. By April, shares had lost more than 99% of their June 2025 value—trading at fractions of a penny—and Pantera Capital, holding about 6.7% of Satsuma's stock, began pushing publicly for full liquidation.
The logic was direct: Satsuma's market cap—the total combined dollar value of all its shares—had fallen well below the value of the Bitcoin sitting on its own balance sheet, the point where owning the stock is strictly worse than owning the coin directly. A group of shareholders representing more than 20% of issued capital formally put the resolution to a vote.
The board split hard. Four of six directors opposed the liquidation, arguing Satsuma was still a viable listed Bitcoin vehicle. Two sided with shareholders pushing to wind down. Shareholders overruled the board majority by a wide margin.
The wind-down runs through a "B Share Scheme," a U.K. legal mechanism for distributing cash assets back to shareholders. Satsuma expects to return between £26.8 million and £30 million after estimated termination costs of £2.7 million—legal fees, severance, delisting charges, and run-off insurance.
Combined with the £40 million from the December BTC sale, total capital recovered lands around £66–£70 million against the £163.6 million originally raised. And because convertible note holders rank above common equity in any payout structure—meaning they get paid first—ordinary shareholders could walk away with considerably less than even those numbers suggest.
Satsuma is currently the second-largest U.K.-listed Bitcoin treasury company by holdings. The first is The Smarter Web Company, which holds 2,878 BTC and has not suggested it’s winding down.
U.K. High Court hearings to approve the capital return are set for August and September 2026. The delisting is expected mid-September, with shareholder payments due by late September.
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Akcie Analog Devices uzavřely o 2,78 % výše na 382,81 USD a překonaly denní růst indexu S&P 500. Před dnešním obchodováním ale zaostávaly, když od začátku roku ztratily 16,39 %.
In the latest trading session, Analog Devices (ADI - Free Report) closed at $382.81, marking a +2.78% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.89%. At the same time, the Dow added 0.74%, and the tech-heavy Nasdaq gained 1.29%.
Prior to today's trading, shares of the semiconductor maker had lost 16.39% lagged the Computer and Technology sector's loss of 6.6% and the S&P 500's loss of 0.63%.
The upcoming earnings release of Analog Devices will be of great interest to investors. The company is expected to report EPS of $3.33, up 62.44% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $3.92 billion, indicating a 36.25% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.42 per share and revenue of $14.55 billion, indicating changes of +59.44% and +32.03%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Analog Devices. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.85% upward. At present, Analog Devices boasts a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Analog Devices is currently exchanging hands at a Forward P/E ratio of 29.98. This indicates a discount in contrast to its industry's Forward P/E of 47.35.
It is also worth noting that ADI currently has a PEG ratio of 1.04. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor - Analog and Mixed industry had an average PEG ratio of 0.96 as trading concluded yesterday.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 17, finds itself in the top 7% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Weatherford (WFRD - Free Report) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.87 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -40.22%. A quarter ago, it was expected that this oilfield service company would post earnings of $1.02 per share when it actually produced earnings of $1.49, delivering a surprise of +46.08%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Weatherford, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $1.11 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.82%. This compares to year-ago revenues of $1.2 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Weatherford shares have lost about 0.1% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Weatherford?While Weatherford has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Weatherford was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.40 on $1.17 billion in revenues for the coming quarter and $5.94 on $4.69 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
RPC (RES - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.
This oil and gas services company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of -50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
RPC's revenues are expected to be $464 million, up 10.3% from the year-ago quarter.
Rusko schválilo zákon o digitálních měnách a právech, který od 1. září 2026 po podpisu prezidentem zavádí licencování a dohled nad kryptospolečnostmi. XRP má výhodu, protože je už dostupné přes MOEX v rámci DFA.
Russia has formally approved the Digital Currency and Digital Rights Law, establishing a legal foundation for regulated cryptocurrency activity and paving the way for a new era in the country’s digital asset sector.
Legal foundation for licensed crypto businessesSet to become effective on September 1, 2026, once signed by the president, the legislation outlines comprehensive measures for licensing and oversight of crypto businesses operating in Russia. The law grants the country’s central bank, the Bank of Russia, authority to license and supervise five classes of crypto service providers: exchanges, brokers, asset managers, custodians, and crypto exchangers.
Companies currently offering crypto services will be permitted to operate through a transition period ending July 1, 2027. During this time, crypto exchanges are required to maintain a minimum capital of 15 million rubles, which currently equates to roughly $190,000, and must join an approved self-regulatory organization to ensure industry standards and compliance.
While the new legislation maintains the ban on cryptocurrency use for domestic payments, it explicitly allows digital assets to be used as a tool in cross-border transactions. This approach supports Russia’s efforts to develop blockchain-based settlement mechanisms amid ongoing international sanctions and evolving global financial conditions.
XRP’s unique status within Russian financial infrastructureXRP, the cryptocurrency developed by Ripple Labs for fast and inexpensive cross-border transfers, stands out in this regulatory transition due to its existing presence within Russia’s financial ecosystem. The Moscow Exchange (MOEX), Russia’s largest securities and derivatives trading platform, already enables access to XRP via its Digital Financial Assets (DFA) platform. This infrastructure allows institutional investors to hold tokenized versions of cryptocurrencies, such as XRP, through regulated investment products rather than direct asset acquisition.
Mini dictionary: Digital Financial Assets (DFA): In Russia, DFAs refer to tokenized financial instruments recognized under regulation, allowing for the tokenization of real-world assets or cryptocurrencies and enabling their trading in regulated environments such as MOEX.
MOEX’s expansion into tokenized investments provides regulated avenues for exposure to digital assets. As a result, XRP enjoys early access and integration where many other digital assets must wait until the full licensing regime is implemented.
CriteriaXRP (via MOEX)Other CryptocurrenciesCurrent access in RussiaAvailable to institutions through DFA channelsPending until new licenses are issuedRegulated investment productsYesNo or limitedLegal use in cross-border tradePermittedPermitted after licensing Institutions operating within MOEX’s DFA ecosystem may find it easier to gain exposure to XRP thanks to established, regulated investment options, giving XRP a potential advantage as Russia prepares to activate its newly licensed digital asset framework.
Wider context for Russia’s crypto reformsThe timing of these reforms coincides with reports that Russia is selling portions of its gold reserves to address fiscal challenges intensified by sanctions. As the government seeks alternative financial structures, the expansion of regulated digital asset infrastructure and the explicit legalization of cryptocurrency in international transactions illustrate a clear pivot toward non-traditional settlement networks.
While the law does not grant any cryptocurrency, including XRP, unique legal status or a guarantee of mass adoption in Russia, it positions regulated platforms such as MOEX—and the digital assets they support—as central players in the country’s evolving approach to digital finance.
With the licensed crypto market set for a September 2026 launch, XRP’s established integration within Russia’s financial infrastructure signals that it could attract institutional interest early in this regulated era of cross-border digital asset use.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP Ledger překonal jeden milion agentických transakcí vypořádaných přes x402, což ukazuje rostoucí využití XRP pro strojové mikroplatby. RippleX čeká další růst až na 10 až 100 milionů v příštích letech.
The XRP Ledger has surpassed a significant milestone, recording over 1 million agentic transactions. These transactions, settled via the x402 protocol, indicate the growing use of XRP for machine-to-machine micropayments. RippleX’s Head of Engineering, Ayo Akinyele, anticipates that this volume could reach between 10 and 100 million in the coming years. The development coincides with the launch of the XRPL AI Hub by Ripple-backed t54.ai, aiming to integrate payments and AI agents. This milestone suggests an emerging role for the XRP Ledger as a settlement layer in the agentic economy.
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Key Takeaways The milestone of 1 million agentic transactions on the XRP Ledger suggests increasing adoption of XRP for machine-to-machine payments. RippleX’s Ayo Akinyele anticipates a significant rise in transaction volume, potentially reaching 100 million in the next few years, which may indicate a robust growth trajectory. Pricing suggests market participants view this development as supportive of XRP’s potential for reaching a new all-time high by 2026. What to Watch Observers should monitor further announcements from Ripple and the XRPL AI Hub for indications of continued growth in agentic transaction volumes. Developments such as XRP ETF approvals or significant partnerships could act as catalysts, potentially influencing market sentiment toward XRP reaching a new all-time high. The market will also watch regulatory actions from entities like the U.S. SEC, which could impact sentiment and pricing.
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Term Structure
Contract Odds Δ since publish Volume 24h September 30, 2026 1.2% — — View market → December 31, 2026 6.2% — — View market →
Base a Coinbase připravují tokenizované akcie kryté 1:1 skutečnými akciemi na síti Ethereum. Produkt má dávat přímé vlastnictví, ne jen syntetickou expozici.
Base, an Ethereum layer-2 network developed by Coinbase, is working with its parent company to introduce tokenized stocks backed one-to-one by actual shares. Jesse Pollak, founder of Base, outlined the plans in a recent post, revealing ongoing product development in collaboration with Coinbase.
Coinbase and Base pursue fully backed tokenized equitiesPollak stressed that the upcoming product aims to represent direct equity ownership, distinguishing it from synthetic stock tokens that merely follow share prices. “Robinhood made the right call bringing tokenized equities to EVM. We fell behind, but we’re very close to fixing it with Coinbase,” he stated. However, neither Pollak nor Coinbase disclosed a launch date or technical specifics.
Coinbase, a leading US-based cryptocurrency exchange, had previously announced its intention to launch tokenized equities for international clients. The company specified that these digital assets will be fully backed by underlying shares, with associated shareholder rights and dividends. Coinbase also confirmed that US residents will not have access to the product at launch. However, there has been no official explanation about the mechanics of issuing, storing, or transferring these tokenized stocks.
Pollak acknowledged Robinhood for moving quickly to bring tokenized equities to Ethereum infrastructure but indicated that Base’s upcoming product is designed for direct ownership: “We’re very close to fixing it with Coinbase.”
Details on custody, regulatory frameworks, and supported stock markets remain unannounced. Pollak explained that a 1:1-backed issuance could improve institutional trust and capital efficiency, but operational aspects are yet to be revealed.
Robinhood Chain sets early pace in tokenized stocksRobinhood, a prominent retail trading platform for stocks and cryptocurrencies, deployed Robinhood Chain in early July as an Ethereum-compatible blockchain. Their tokenized stock solution, called Classic Stock Tokens, operates as regulated derivatives under Europe’s MiFID II standards. Users gain exposure to price movements, but do not receive actual share ownership or rights such as voting.
According to Robinhood, the assets behind these contracts are safeguarded via a US-licensed institution, and users access them solely as derivatives. In contrast, Base and Coinbase are targeting direct tokenization of shares, aiming to give investors onchain ownership rather than synthetic exposure.
Mini dictionary: MiFID II (Markets in Financial Instruments Directive II) is a European Union regulatory framework designed to increase transparency and investor protection in financial markets, impacting trading and reporting standards for investment services.
PlatformToken TypeOwnershipShareholder RightsRegulatory FrameworkBase/Coinbase1:1-backed tokenized stocksDirectYesUndisclosedRobinhood ChainClassic Stock Tokens (derivatives)NoNoMiFID II (EU)Tokenized equities market heats upWith interest in real-world asset tokenization accelerating across the industry, competition for onchain equity products is intensifying. Data from recent industry research values the total tokenized stock market at approximately $1.85 billion. The broader market for tokenized real-world assets, excluding stablecoins, has reached between $31 billion and $34 billion.
Alongside Coinbase and Robinhood, platforms like Backpack and XStocks, supported by crypto exchange Kraken, are also rolling out tokenized equity offerings. This growing activity underlines the sector’s race to attract both retail and institutional investors to blockchain-based share ownership.
Despite Pollak’s signals about imminent progress, major questions remain about the details of Base’s product, including its launch timeline, supported stock exchanges, integration with traditional markets, and availability to US users. Coinbase recently secured approval in the United Kingdom to offer investment services beyond crypto, potentially laying the groundwork for new regulated products in equities and derivatives.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Movement Labs podalo návrh na bankrot podle Chapter 11 po měsících sporů kolem tokenu MOVE a restrukturalizace. Firma uvedla méně než 1 000 věřitelů a závazky přes 1 milion USD.
Movement Labs, the developer of the Movement blockchain, has filed for Chapter 11 bankruptcy.The project came under scrutiny after a market-making deal enabled the rapid sale of 66 million MOVE tokens, triggering a steep price drop and prompting investigations and a token buyback.Movement Labs, the developer behind the Movement blockchain, has filed for Chapter 11 bankruptcy, marking the latest setback for a crypto project that has spent much of the past year navigating governance disputes, a token market-making controversy and a failed strategic reset.
The company said in a bankruptcy filing that it had under 1,000 creditors, somewhere between $100,000 and $500,000 in assets and north of $1 million in liabilities. Its largest creditors include co-founder Rushi Manche, the Delaware Division of Revenue, Anchorage Digital and other entities.
The filing follows months of turmoil for Movement, an Ethereum layer-2 network built using the Move programming language, which was originally developed at Meta. The project launched with the goal of bringing Move-based smart contracts to Ethereum (ETH) while offering faster and cheaper transactions through a scaling network.
Its troubles began shortly after the December launch of the MOVE token.
An April 2025 CoinDesk investigation found that Movement was examining whether it had been misled into signing a market-making agreement that handed a single counterparty unusual influence over MOVE's circulating supply. Internal documents reviewed by CoinDesk at the time showed the arrangement allowed 66 million MOVE tokens to be sold into the market one day after the token debuted, contributing to a sharp decline in price.
The controversy centered on Rentech, a little-known intermediary that appeared in contracts connected to Chinese market maker Web3Port. According to documents obtained by CoinDesk, Movement executives later questioned whether the foundation believed Rentech was affiliated with Web3Port when it was not. Rentech has denied any wrongdoing or misrepresentation.
The fallout extended beyond Movement. Binance banned the market-making account involved in the token launch for what it described as misconduct, while Movement launched a token buyback program and hired outside firm Groom Lake to review the events surrounding the deal.
Movement Labs and co-founder Rushi Manche separated in May 2025.
More recently, the company attempted to chart a new course.
In June, Move Industries, a separate legal entity from MVMT Labs, the company that filed for bankruptcy, announced it would pivot away from competing with other Ethereum scaling networks and instead focus on cross-border payments, remittances and stablecoin settlement. The company said it had secured access to licensed payment infrastructure in the U.S., Canada and the European Union as it sought to build services aimed at emerging markets.
The strategy reflected a wider trend across the crowded layer-2 sector, where blockchain projects have increasingly shifted toward real-world financial applications as competition among scaling networks has intensified.
CORRECTION (July 21, 2026, 18:26 UTC): Corrects that Move Industries and not Movement Labs pivoted from Ethereum scaling.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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TRON Network - Q2 2026
TRON Network - Q2 2026
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
11 hours ago
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
Why it matters:
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
Robinhood Chain má po třech týdnech celkovou uzamčenou hodnotu (TVL) 278,81 mil. USD a stablecoiny za zhruba 433 mil. USD. Od spuštění už dosáhl kumulativního objemu na DEX 4 mld. USD.
@RobinhoodCrypto launched its Ethereum Layer 2 blockchain on July 1, and the numbers coming out of the network just three weeks later are difficult to ignore. DeFi TVL has climbed to $278.81 million, up nearly 10% in a single day, while stablecoins on the network have reached approximately $433 million after a 32% weekly jump.
For context, the chain started with just $39 million in locked capital three days after going live. That kind of trajectory, multiplying several times over in weeks, has drawn comparisons to some of the fastest Layer 2 ramps on record.
Trading Activity AcceleratingThe volume figures are equally striking. Robinhood Chain has reached a cumulative DEX trading volume of $4 billion since its launch, according to DefiLlama data. Weekly DEX volume has now cleared $4.2 billion, perps volume is up 146% on the week, and bridged value has crossed $950 million. The chain processed $3.1 billion in DEX volume over a seven-day window, ranking it among the top five chains, according to Bernstein.
Robinhood Chain generated about $878 million in 24-hour DEX volume on July 12, briefly leapfrogging Coinbase's Base and Ethereum, according to DefiLlama. At one point it even overtook Hyperliquid in daily DEX volume, a result that would have seemed unlikely when the chain was still just an announcement.
What Is Driving the GrowthRobinhood Chain launched as a permissionless Ethereum Layer 2 built on the Arbitrum stack, the same technology base that powers several of DeFi's largest ecosystems. It runs 100-millisecond block times and uses ETH for gas with no proprietary native token, and launched with three day-one protocol integrations: Uniswap for spot trading, Chainlink for price oracles, and Morpho for lending.
Robinhood is covering gas fees for the first 90 days, which has clearly encouraged experimentation. The chain's broader offering includes 95 tradeable stock tokens, a zero-fee DEX built by the dYdX team, and a roughly 7% APY lending product with Lloyd's of London smart contract insurance.
The bigger unlock may still be ahead. Robinhood argues that its opportunity is not to take volume from established crypto-native venues, but to leverage its more than 27.6 million funded customers to bring new investors into tokenized assets and onchain derivatives. With tens of millions of retail accounts sitting one step away from the chain, the early metrics may only be a preview.
Bernstein said the launch strengthens Robinhood's strategy to expand tokenized equities and other real-world assets through DeFi.
Sources:
CoinDesk: Robinhood Chain scores strong debut, Bernstein says
CoinDesk: Inside Robinhood's high-stakes bet to onboard millions onto blockchain finance
DefiLlama: Robinhood Chain on-chain data
Akcie Duolingo uzavřely o 6,86 % níže, i když S&P 500 v daný den vzrostl o 0,89 %. Trh čeká výsledky 5. srpna 2026; odhad EPS je 0,61 USD a tržby 297,2 milionu USD.
In the latest trading session, Duolingo, Inc. (DUOL - Free Report) closed at $124.71, marking a -6.86% move from the previous day. This change lagged the S&P 500's daily gain of 0.89%. Meanwhile, the Dow gained 0.74%, and the Nasdaq, a tech-heavy index, added 1.29%.
Shares of the company witnessed a gain of 5.22% over the previous month, beating the performance of the Business Services sector with its gain of 4.27%, and the S&P 500's loss of 0.63%.
Market participants will be closely following the financial results of Duolingo, Inc. in its upcoming release. The company plans to announce its earnings on August 5, 2026. The company is expected to report EPS of $0.61, down 32.97% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $297.2 million, indicating a 17.81% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.81 per share and revenue of $1.2 billion, which would represent changes of -67.21% and +16.1%, respectively, from the prior year.
Any recent changes to analyst estimates for Duolingo, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.65% higher. Right now, Duolingo, Inc. possesses a Zacks Rank of #2 (Buy).
Investors should also note Duolingo, Inc.'s current valuation metrics, including its Forward P/E ratio of 47.7. For comparison, its industry has an average Forward P/E of 16.53, which means Duolingo, Inc. is trading at a premium to the group.
We can also see that DUOL currently has a PEG ratio of 1.02. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Technology Services was holding an average PEG ratio of 1.44 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 99, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
BNB Chain vede závod o onchain AI agenty: z více než 330 000 registrací připadá asi tři pětiny na @BNBCHAIN. Síť zároveň přidala minulý měsíc nejvíc nových agentů ze všech.
The onchain AI agent market has grown at a pace that few anticipated at the start of 2026. According to agent tracker 8004scan, total registrations have climbed from just 337 in January to more than 330,000 today, and @BNBCHAIN accounts for roughly three in five of them. That puts more than 200,000 AI agents on a single network, exceeding the combined total of every other chain, with the next-closest rival still below 40,000.
A gap that keeps widening The lead is not simply a historical artefact. BNB Chain added more new agents last month than any other network, meaning the margin over rivals is still growing rather than narrowing. The ERC-8004 standard, launched by the Ethereum Foundation, defines how AI agents register onchain identities, manage wallets, and interact with smart contracts autonomously, working like an immutable ID or profile for agents that can operate across any chain that supports the standard. BNB Chain has built on top of that foundation with its own tooling designed to lower the barrier to entry for developers.
BNB Chain extended ERC-8004 with its proprietary BAP-578 standard, which enables agents that are ownable, tradable, and upgradeable, capable of autonomous execution across multiple protocols simultaneously. The network has also published 8004scan as a dedicated explorer, giving developers real-time visibility into agent identity, reputation scores, and activity.
Infrastructure built for scale Developers are using agents to execute DeFi strategies, manage NFT activity, and coordinate cross-chain tasks continuously without human input, running 24 hours a day across multiple protocols. At peak, daily transaction volume tied to ERC-8004 agents on BNB Smart Chain reached approximately 523,000 transactions in a single day, with agent-driven DEX trading volume hitting over $18 million on the same day.
BNB Chain has also moved to make onboarding faster. BNB Agent Studio launched on July 1, 2026, giving developers a streamlined path to create and deploy autonomous onchain AI agents without configuring complex infrastructure from scratch. The platform handles wallet provisioning, agent identity, and payment systems automatically. Building a functional AI agent on a blockchain used to take weeks of wrangling with wallets, identity systems, and payment rails. BNB Chain just made that a 15-minute problem.
With registrations still accelerating and developer tooling maturing quickly, @BNBCHAIN looks increasingly difficult to dislodge as the default home for onchain AI agents.
Sources
The Defiant: BNB Chain Overtakes Ethereum and Base by Number of AI Agents
Crypto Briefing: BNB Chain Launches BNB Agent Studio for Rapid AI Agent Deployment
Crypto.news: BNB Chain Leads All Blockchains for AI Agents
CEO Synaptics Rahul G. Patel prodal 24 452 akcií v hodnotě 2,8 milionu USD, z toho většina byla srážka na daně u RSU. Firma zároveň oznámila růst tržeb za 3. fiskální čtvrtletí o 10 % na 294,2 milionu USD a růst core IoT výnosů o 31 %.
Chief Executive Officer Rahul G. Patel reported a disposition of 24,452 shares of Synaptics Incorporated (SYNA +5.14%) in a SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$2.8 millionShares sold (direct)24,452Post-transaction shares (directly held)86,868Post-transaction value$9.87 millionTransaction value based on SEC Form 4 weighted average sale price ($114.20); post-transaction value based on July 20, 2026 market close ($113.60).
Key questionsWhat was the composition of this transaction?
Approximately 81% of the volume, or 19,898 shares, was comprised of non-discretionary tax withholding associated with the settlement of restricted stock units, while the remaining 4,554 shares were sold via an existing trading plan.How did the transaction price compare to recent market levels?
The 10b5-1 plan sales were executed at weighted average prices ranging from $113.63 to $115.92 per share, while the stock was priced at $114.05 as of the July 17, 2026, market close.What is the insider's remaining stake in the company?
Following the disposition, the insider retains direct ownership of 86,868 shares, which represent an equity position of about $9.87 million.Was there any indirect ownership disclosed?
The filing indicates that all reported holdings are held directly, with no indirect equity positions through trusts or other legal entities identified in the disclosure.Company OverviewMetricValueShare Price (as of market close 2026-07-17)$114.05Market Capitalization$4.5 billionRevenue (TTM)$1.2 billionNet Income (TTM)-$48.1 millionCompany SnapshotSynaptics develops and markets semiconductor product solutions, including AudioSmart for advanced sound and voice processing, ConnectSmart for high-speed multimedia connectivity, and DisplayLink for compressed video transmission, generating revenue across audio, video, and connectivity solutions.The company operates a fabless semiconductor business model, designing specialized chips for consumer electronics and computing devices while leveraging third-party manufacturing partners to optimize capital efficiency and scalability.Synaptics serves original equipment manufacturers and system integrators in the personal computing, mobile, and consumer electronics markets, with primary customers including major laptop, smartphone, and peripheral device manufacturers.Synaptics Incorporated is a global semiconductor solutions provider with approximately $1.2 billion in TTM revenue, specializing in human-machine interface and connectivity technologies. The company has demonstrated significant market momentum, with its stock appreciating 72% over the past year, reflecting investor confidence in its product portfolio and market positioning. Synaptics maintains competitive advantages through its specialized expertise in audio processing, video transmission, and connectivity solutions that enhance user experience across diverse consumer and computing platforms.
What this transaction means for investorsFor a chief executive, this is a relatively lean position, and since he just became CEO last year, it seems Patel is still building his stake rather than drawing it down, which is what you'd expect from a leader relatively early in the job.
The results, meanwhile, give him something to build on. Fiscal third-quarter revenue reached $294.2 million, up 10%, with core internet-of-things products jumping 31% and non-GAAP earnings per share hitting $1.09. On the latest earnings call, Patel said Synaptics is seeing "accelerating adoption,” with customer engagements continuing to expand, and the company guided to about $305 million for the following quarter and repurchased $39 million of stock, bringing the fiscal year total to $93 million. It carries $404.4 million in cash against $836.7 million in long-term debt. For long-term investors, that debt load is worth weighing against the buybacks, but ultimately Synaptics is returning cash while owing twice what it holds, signaling that it’s counting on continued growth.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Synaptics. The Motley Fool has a disclosure policy.
Range Resources vykázala zisk na akcii 0,79 USD, nad odhadem 0,56 USD, a tržby 795,3 mil. USD také překonaly očekávání. Akcie jsou od začátku roku zhruba o 4 % výše.
Range Resources (RRC - Free Report) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +41.07%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $1.33 per share when it actually produced earnings of $1.52, delivering a surprise of +14.29%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Range Resources, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $795.3 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 10.53%. This compares to year-ago revenues of $732.89 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Range Resources shares have added about 4% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Range Resources?While Range Resources has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Range Resources was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.66 on $797 million in revenues for the coming quarter and $3.62 on $3.37 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Exploration and Production - United States is currently in the bottom 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Infinity Natural Resources (INR - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.
This company is expected to post quarterly earnings of $0.88 per share in its upcoming report, which represents a year-over-year change of -25.4%. The consensus EPS estimate for the quarter has been revised 4.9% higher over the last 30 days to the current level.
Infinity Natural Resources' revenues are expected to be $164.12 million, up 120.4% from the year-ago quarter.
Cardano zvažuje návrh PRIME od Alpha Growth, který by mohl alokovat 120 milionů ADA za zhruba 19,2 milionu USD a zvýšit celkovou uzamčenou hodnotu (TVL) v DeFi o 200 milionů USD během příštího roku. Součástí jsou i pojistky, aby se většina prostředků uvolnila jen po schválení pětičlennou skupinou.
Cardano is weighing a proposal that could allocate 120 million ADA, valued at approximately $19.2 million, to increase its decentralized finance (DeFi) total value locked (TVL) by $200 million over the next year. While the initiative aims to advance Cardano’s DeFi ecosystem, some analysts caution that financial incentives alone may not address the network’s deeper challenges.
Alpha Growth’s PRIME proposal and phased funding safeguardsCrypto commentator Linda recently explored the PRIME proposal, developed by Alpha Growth, which seeks to enhance liquidity, develop DeFi products, and attract longer-term capital beyond short-lived incentive schemes. Cardano currently holds about $90 million in DeFi TVL and $45 million in stablecoins.
Alpha Growth’s strategy begins with a comprehensive audit covering 20 to 25 DeFi categories. This would be followed by a public gap analysis to identify specific ecosystem weaknesses. Only after these assessments would the actual incentive programs and capital deployment start.
The proposal’s structure includes key safeguards. The transition to the critical third phase, where most funds would be distributed, requires approval from a five-member operating group featuring representatives from Blink Labs, CoinseLion, Midgard Labs, Input Output, and Tweag. If this panel does not agree to proceed, roughly 90 million ADA will remain untouched in the treasury.
Linda highlighted her support for the safeguard: “I personally really, really like that safeguard.”
The preliminary budget allocates $5.6 million to ecosystem grants, $4.3 million for liquidity provider incentives, and $2.4 million for marketing, events, and partnerships. Alpha Growth would receive a $1.7 million fixed management fee, with as much as $4.6 million additionally tied to performance milestones. Remaining funds are designated for audits and compliance expenses.
Budget ItemPlanned AllocationEcosystem grants$5.6 millionLiquidity incentives$4.3 millionMarketing & partnerships$2.4 millionAlpha Growth fixed fee$1.7 millionPerformance-based feeUp to $4.6 millionAudits & complianceRemaining fundsBefore any spending can occur, Cardano governance may need to lift its Net Change Limit—the treasury cap for funding cycles—from 350 million ADA to 500 million ADA. Linda argued that the current ceiling leaves insufficient room to accommodate the proposed initiative.
Mini dictionary: Alpha Growth, a blockchain consulting firm, develops strategies for DeFi project growth and helps optimize liquidity and capital efficiency for emerging crypto ecosystems.
Key adoption barriers and the debate over incentivesAlpha Growth’s analysis points to Cardano’s fragmented and inefficient liquidity as a primary DeFi obstacle. The proposal claims that increasing “organic APR”—returns based on genuine transaction activity rather than external incentives—will help retain capital and users.
Linda, however, expressed skepticism about the effectiveness of such incentives. She noted that despite past campaigns offering high, relatively low-risk yields, Cardano has struggled to achieve broad DeFi adoption. She believes the network needs a unique “killer app” to persuade users to overcome operational hurdles such as new wallets, cross-chain bridges, and unfamiliar DeFi interfaces.
“We don’t just need competitive APRs. We need something that only exists on Cardano”—an application compelling enough to offset onboarding friction, Linda stated.
Additional headwinds include the lack of native USDC stablecoin support; Cardano currently relies on bridged USDCX, which Linda argued may not deliver the trust, liquidity depth, or integrations that users expect. She also cited slower settlement times and less responsive liquidation processes compared to other leading chains.
Alpha Growth’s proposal essentially represents a test case for whether Cardano can cultivate a robust, sustainable DeFi environment. Should efforts fall short of significantly boosting on-chain activity, Linda suggested that Cardano might need to shift focus toward real-world financial infrastructure—a core vision that shaped the project’s initial development.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Twilio (TWLO) v poslední obchodní seanci oslabilo o 4,39 % na 196,22 USD, zatímco S&P 500 vzrostlo o 0,89 %. Investoři sledují výsledky, které firma oznámí 6. srpna 2026.
Twilio (TWLO - Free Report) ended the recent trading session at $196.22, demonstrating a -4.39% change from the preceding day's closing price. This change lagged the S&P 500's 0.89% gain on the day. Meanwhile, the Dow experienced a rise of 0.74%, and the technology-dominated Nasdaq saw an increase of 1.29%.
Shares of the company have appreciated by 11.76% over the course of the past month, outperforming the Computer and Technology sector's loss of 6.6%, and the S&P 500's loss of 0.63%.
The upcoming earnings release of Twilio will be of great interest to investors. The company's earnings report is expected on August 6, 2026. The company is expected to report EPS of $1.32, up 10.92% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.42 billion, indicating a 15.84% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $5.81 billion. These totals would mark changes of +15.34% and +14.61%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Twilio. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Twilio currently has a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Twilio is currently exchanging hands at a Forward P/E ratio of 36.4. This represents a premium compared to its industry average Forward P/E of 19.97.
Investors should also note that TWLO has a PEG ratio of 2.02 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software was holding an average PEG ratio of 1.1 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 85, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
East West Bancorp za 2. čtvrtletí vykázala tržby 791,14 mil. USD a zisk na akcii (EPS) 2,63 USD, obojí nad odhady Wall Street. Tržby meziročně vzrostly o 12,5 %.
For the quarter ended June 2026, East West Bancorp (EWBC - Free Report) reported revenue of $791.14 million, up 12.5% over the same period last year. EPS came in at $2.63, compared to $2.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $785.94 million, representing a surprise of +0.66%. The company delivered an EPS surprise of +0.77%, with the consensus EPS estimate being $2.61.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how East West Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net interest margin: 3.4% compared to the 3.5% average estimate based on four analysts.Efficiency ratio: 36.7% versus the four-analyst average estimate of 35.4%.Average Balance - Total interest-earning assets: $80.09 billion compared to the $79.83 billion average estimate based on three analysts.Annualized quarterly net charge-offs to average loans HFI: 0.2% compared to the 0.2% average estimate based on three analysts.Total nonperforming assets: $246.96 million compared to the $221.84 million average estimate based on two analysts.Leverage ratio: 11% versus the two-analyst average estimate of 11%.Tier 1 capital ratio: 15.4% versus the two-analyst average estimate of 15.2%.Total capital ratio: 16.8% compared to the 16.5% average estimate based on two analysts.Total nonaccrual loans: $204.96 million compared to the $186.16 million average estimate based on two analysts.Total Noninterest Income: $106.49 million versus the four-analyst average estimate of $98.34 million.Net Interest Income: $684.65 million versus the four-analyst average estimate of $687.82 million.Commercial and consumer deposit-related fees: $31.62 million compared to the $30.01 million average estimate based on three analysts.View all Key Company Metrics for East West Bancorp here>>>
Shares of East West Bancorp have returned +3.7% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
For the quarter ended June 2026, Hancock Whitney (HWC - Free Report) reported revenue of $401.36 million, up 6.9% over the same period last year. EPS came in at $1.55, compared to $1.37 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $396.38 million, representing a surprise of +1.26%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.55.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hancock Whitney performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net interest margin (TE): 3.6% compared to the 3.6% average estimate based on four analysts.Efficiency Ratio: 55.3% compared to the 55.8% average estimate based on four analysts.Total net charge-offs as a percentage of average loans: 0.2% versus the three-analyst average estimate of 0.2%.Average Balance - Total interest earning assets: $33.21 billion versus the three-analyst average estimate of $32.82 billion.Total nonperforming loans: $113.68 million versus $110.97 million estimated by two analysts on average.Total nonperforming assets (Total nonaccrual loans + ORE and foreclosed assets): $126.54 million versus the two-analyst average estimate of $124.77 million.Total Noninterest Income: $108.35 million compared to the $106.33 million average estimate based on four analysts.Net interest income (TE): $295.23 million versus the four-analyst average estimate of $292.89 million.Net Interest Income: $293.01 million versus $290.15 million estimated by three analysts on average.Secondary mortgage market operations: $4.07 million versus the two-analyst average estimate of $3.99 million.Bank card and ATM fees: $23.18 million versus $22.16 million estimated by two analysts on average.Investment and annuity fees and insurance commissions: $14.62 million versus the two-analyst average estimate of $12.12 million.View all Key Company Metrics for Hancock Whitney here>>>
Shares of Hancock Whitney have returned +9.2% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
T. Rowe Price spustila kryptoměnové ETF vedené bitcoinem, který tvoří zhruba 41 % portfolia, a ETH asi 18 %. Blue Macellari říká, že trh je stále v „crypto winter“.
Bitcoin Provides Defensive ExposureBlue Macellari, T. Rowe Price’s head of digital assets and the ETF’s lead portfolio manager, said the fund reflects the company’s longstanding emphasis on active management and fundamental research.
"We were never going to launch just a Bitcoin ETF," Macellari said during an appearance on the Crypto Prime podcast on Monday.
Its initial portfolio was led by Bitcoin at roughly 41% and ETH at about 18%, followed by positions in BNB, SOL XRP, HYPE and smaller allocations to other assets.
Macellari described the current market as a crypto winter and noted the fund is positioned relatively defensively, explaining its substantial Bitcoin weighting.
‘Tokenization Good, Crypto Bad’ Is A False DivideMacellari argued that Wall Street often tries to separate tokenization from cryptocurrencies by claiming tokenization is valuable while native digital assets are not.
She rejected that distinction.
If stocks, funds and other financial products migrate to public blockchains, their activity could create value for the networks and native tokens underpinning those systems.
The broader portfolio reflects T. Rowe Price’s bullish outlook on what she called "on-chain finance."
Macellari highlighted Hyperliquid’s revenue model as particularly compelling because it can be understood and valued using metrics familiar to traditional investors.
ETH and SOL may also benefit as financial institutions move tokenized assets and around-the-clock markets onto blockchain networks, she predicts.
Crypto Winter May Approach Its Final StageMacellari explained that the market has been in a persistent downturn since the October 2025 selloff, marking the first crypto winter experienced by many investors through spot exchange-traded products.
Bitcoin has suffered a drawdown of about 50%, while Ethereum, Solana and other altcoins have faced deeper declines.
However, she said the selloff has created more attractive asymmetric opportunities in projects whose underlying adoption and economics remain intact.
The key difference from previous winters is that banks, asset managers and financial platforms have continued developing digital-asset infrastructure rather than abandoning the sector.
Macellari expects choppy conditions and the possibility of further declines through the summer but believes the market could begin emerging from crypto winter heading into Q4.
Image: Shutterstock
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Socios.com a Playfly Sports uvádějí první Fan Tokens v americkém univerzitním sportu, a to pro LSU, Maryland, Michigan State, Penn State a Texas A&M. Do 12 měsíců cílí na 30 univerzitních atletických programů.
A few months ago, Chiliz laid out a manifesto for the next phase of Fan Tokens – go omnichain, unlock the US market, and turn the promises of SportFi into shipped products.
This week, one of the biggest pieces of that plan lands.
Socios.com, through Fan Token Management (FTM) US (part of The Chiliz Group), has partnered with Playfly Sports to launch the first-ever Fan Tokens in US college sports. Five programs are in at launch: LSU, Maryland, Michigan State, Penn State, and Texas A&M.
Thirty university athletic departments are targeted within the next 12 months. It’s a major first for US sports and the clearest proof yet that the Chiliz 2030 roadmap isn’t just a slide deck.
This is a major milestone with massive potential.
Penn State’s Beaver Stadium (106,572), Texas A&M’s Kyle Field (102,733), and LSU’s Tiger Stadium (102,321) regularly outdraw every NFL stadium in the country. College football alone pulls in more than 39 million fans a season across Division I. This is a US-first for Fan Tokens, but it’s landing in one of the largest, most fiercely loyal fan markets on the planet.
The promise: 2026 will see our re-entry into the US market That line comes straight from the Chiliz 2030 manifesto. It wasn’t a vague ambition. It was a specific commitment, backed by a specific reason, growing regulatory clarity and growing demand from teams and fans.
That clarity arrived in March 2026, when the SEC and CFTC issued joint guidance classifying Fan Tokens as digital collectibles and digital tools, citing Socios.com directly. That guidance is the regulatory foundation this launch stands on.
College sports is a fitting place to start. It’s one of the most passionate fan cultures anywhere, and now those fans get the same kind of digital connection to their programs that supporters of many of the biggest clubs in the world already have.
As Alexandre Dreyfus, CEO and Founder of Chiliz puts it: “These are the first Fan Tokens® in U.S. college sports and represent not only a new frontier for Fan Tokens® but also a new iteration of the established asset class.”
Craig Sloan, CEO of Playfly Sports, framed it from the university side: the partnership gives athletic departments “innovative ways to engage their fans” while opening “a new revenue stream that can help support student-athletes through NIL initiatives.”
Delivering on the vision This launch is the latest in a run of Chiliz 2030 Vision commitments delivered on schedule. Here’s the scorecard so far.
Going omnichain. For seven years, Fan Tokens lived on a single chain. That changed when Chiliz launched them on Solana and Base, built on LayerZero’s Omnichain Fungible Token (OFT) standard. This isn’t the wrapped-token approach most projects use, where a copy of the asset sits on a new chain backed by reserves elsewhere, fragmenting liquidity in the process. It’s a single, unified token supply across all three chains at once. A fan on Socios.com and a trader on Jupiter or Aerodrome are holding the exact same asset. The integration also runs on LayerZero’s multi-DVN security setup, meaning cross-chain transfers are verified by multiple independent networks rather than one point of failure. The result: expanded distribution, deeper liquidity, and for the first time, real DeFi use cases like liquidity pools opening up for Fan Token holders.
The $CHZ buyback. Chiliz 2030 promised a direct value accrual system tying ecosystem activity to $CHZ scarcity. It’s now live: 10% of Fan Token sale revenue across every supported chain is earmarked for $CHZ buybacks. It’s a structural mechanism, not a one-off event. The more Fan Tokens trade, the more $CHZ gets bought back and removed from circulation, a flywheel connecting club activity and fan engagement directly to token economics.
National team tokens, delivered on schedule. The manifesto flagged this as part of the campaign ahead of a summer of football, and Chiliz followed through.
Champions last time around and this year’s runners up Argentina ($ARG) have their own Fan Token, as do Portugal ($POR).
But, before this year’s tournament got under way, new Fan Tokens for Belgium ($BELG) South Africa ($SAFA), Scotland ($SFA) and eventual champions Spain ($SPAIN) landed.
Performance-linked tokenomics
New tokenomics that react to performances were promised in the manifesto.
And, during this summer’s tournament, we saw the first iteration of this with the rollout of performance linked tokenomics for the first time, with participating national team Fan Tokens burned after every win, directly linking performance on the pitch to what happens on-chain.
After Spain beat Argentina 1-0 in the July 19 final, more than 1M $SPAIN tokens had been burned.
Transforming a vision into reality
Put together, this is what Chiliz 2030 execution actually looks like month to month: chain expansion, tokenomics upgrades, national team tokens landing ahead of the World Cup, and now the first Fan Tokens in American college sports, with 30 university athletic departments targeted within the year.
Nano Nuclear Energy akvírovala logistickou firmu Secured Transportation Services za až 13 milionů USD. STS má 21 let zkušeností a schválení pro více než 90 % aktivních tras schválených NRC pro vyhořelé palivo v USA.
Nano Nuclear Energy (NNE +5.42%) is a nuclear energy company that wants to build small, portable nuclear power systems. It does not yet have commercial reactors in operation, yet its flagship microreactor design, called KRONOS, is moving through the Nuclear Regulatory Commission (NRC) regulatory process and is tied to a University of Illinois project.
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That's a decent elevator pitch for the nuclear stock, but it doesn't really do justice to what this company is trying to accomplish. In addition to building portable microreactors, the company also aims to control parts of the nuclear reactor infrastructure, such as fuel transportation. To that end, Nano may have just pulled off one of its most strategically important moves of 2026.
Let's take a look.
A critical piece of the nuclear puzzle purchased In late May 2026, Nano acquired Secured Transportation Services (STS), a profitable nuclear logistics company with 21 years of experience moving radioactive and nuclear materials.
Nano agreed to pay up to $13 million for STS, which is about 1.8 times the logistics company's trailing sales (about $7.1 million in 2025). STS also reported a net income of about $1.3 million, with net margins of roughly 18%.
At first glance, those numbers might produce little more than a half-shrug of indifference. So what? A million and some change in profits is hardly a drop in the bucket for a company whose first microreactor is expected to cost between $300 million and $350 million. Nano reported a net loss for 2025 of about 30 times that $1.3 million ($40 million in fiscal 2025).
Image source: Getty Images.
So, no, the deal isn't going to unleash a fire hose of cash on Nano's balance sheet. But there are much subtler reasons why this acquisition was critical to Nano's business, and they all revolve around the vertical integration model Nano is seeking to establish.
What you have to remember is that transportation in nuclear is not like ordinary trucking. Moving nuclear fuel and waste commercially requires more inspections, security protocols, rules, requirements, approvals, and route planning than putting a bunch of goods on the highway and telling the driver where to go. This is especially true of "spent fuel," or fuel that's already been used in reactors, as fuel at that stage is highly radioactive.
In this regard, STS' current operations could come in handy. According to Nano, STS "currently holds approval for more than 90% of the active U.S. NRC approved spent fuel routes in the United States."
Obviously, operating on nine out of 10 of the NRC-approved spent-fuel routes can help Nano's operations directly. It could also become a profit-making machine. In fact, it could transport fuel for utilities, government agencies, nuclear fuel suppliers, and even Nano's competitors. The business could, in short, grow with a broadening nuclear industry, even if Nano's KRONOS reactors haven't yet turned on the revenue spigot.
Don't get me wrong, though. If Nano wants to become a major, or even a nontrivial, player in the advanced nuclear space, it needs to commercialize its reactors. But I like where management's thought process is. With the stock currently trading more than 40% lower year to date, this could be an attractive entry point for risk-tolerant long-term investors.
Meta chce z drahé AI infrastruktury udělat cloudový byznys, který prodává přístup k vlastním modelům. Akcie se po nedávném růstu vrátily nad 643,93 USD.
Due to Meta Platforms' (META 0.30%) plans to spend massive sums on artificial intelligence infrastructure, its shares have fallen substantially from the 52-week high of $796.25 they reached last August. But the stock's trajectory has changed in recent days, edging up past $600.
The catalyst for Wall Street's renewed optimism is Meta CEO Mark Zuckerberg's plan to turn the company's expensive AI infrastructure into a cloud computing business that sells access to its artificial intelligence models. This will provide it with a new revenue stream and diversify Meta beyond its advertising-fueled social media foundation.
That new direction could become a key sales driver, as it has been for other tech titans that pursued cloud computing, such as Amazon, Microsoft, and notably, Meta's chief rival in digital advertising, Google parent Alphabet. But is Meta joining this cadre too late, or does its AI opportunity change the dynamics of its investment thesis?
Image source: Getty Images.
A look at Meta's cloud computing ambitions Amazon, Microsoft, and Google are the world's top three providers of cloud computing capacity, demonstrating that this market is a natural fit for tech businesses already pouring money into data center infrastructure. Meta -- the fourth of the big hyperscalers -- finally throwing its hat into the ring makes sense, especially since it plans to spend as much as $145 billion on capital expenditures this year, up substantially from 2025's $72.2 billion.
However, it could take years for the revenue it generates from its cloud business to become meaningful. The Facebook parent hoped to make the metaverse a significant new sales and profit source, and even changed its name back in 2021 to reflect that goal, but to no avail. After enormous investments in its metaverse aspirations, the company continues to make nearly all of its revenue from advertising. For instance, $55 billion of its $56.3 billion in first-quarter sales came from ads.
Yet Meta's cloud strategy is a different beast. Artificial intelligence is already gaining broad market traction, unlike the metaverse. The company is providing its proprietary AI models to customers for a fee, akin to the approach adopted by the likes of OpenAI.
Moreover, the barriers to entry in this space are high. Developing a proprietary AI model requires significant funding to establish the necessary infrastructure. So much money is required that even Alphabet's enormous cash-generating business isn't enough to cover its costs; it recently engaged in a massive $84.75 billion equity offering, the largest in U.S. history.
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Meta's approach to AI Another factor making AI a unique opportunity is that Zuckerberg sees the tech evolving into a superintelligence.
"We have begun to see glimpses of our AI systems improving themselves," he said. Rather than this technology being used in a general capacity, he envisions AIs tailored to individual needs.
"Meta's vision is to bring personal superintelligence to everyone," Zuckerberg said. "We believe in putting this power in people's hands to direct it toward what they value in their own lives."
If Meta can deliver on this vision, its AI cloud business could become a substantial revenue source. After all, Google's cloud division delivered $17.7 billion in sales last year, representing fast growth from 2021's $5.5 billion, the year before OpenAI's ChatGPT exploded onto the scene.
Even though Meta's stock has ticked upward, its forward price-to-earnings ratio of 21 remains near its low point for the past year. This suggests a good share price valuation, making now an opportune time to consider buying Meta shares.
Robert Izquierdo has positions in Alphabet, Amazon, Meta Platforms, and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, and Microsoft. The Motley Fool has a disclosure policy.
Key Takeaways Analysts expect Tesla to report Q2 EPS of $0.50.The options market is implying a 6% post-EPS move.Energy and future tech timelines will be important clues for investors to observe. Tesla Q2 EarningsZacks Rank #3 (Hold) stock Tesla ((TSLA - Free Report) ) will report earnings on second quarter earnings results on Wednesday, July 22, after the equity market close. Zacks Consensus Analyst Estimates predict that Tesla will earn $0.50 for Q2, up from the $0.41 the company earning in Q1.
Image Source: Zacks Investment Research
Tesla’s Recent EPS HistoryTesla’s recent earnings track record has been spotty to say the least. The EV maker has missed Zacks Consensus Estimates in 6 of the past 10 quarters.
Image Source: Zacks Investment Research
Nevertheless, Tesla is exhibiting some recent signs of a turn around. Over the past two quarters Tesla has beaten Wall Street estimates by double digits and has an average EPS surprise of 5.48% over the past four.
Image Source: Zacks Investment Research
TSLA Implied Post-EPS MoveThe options market is currently pricing in a rather subdued post-EPS move of +/- $24 or 6%.
The Legacy EV Business: Volume vs. MarginsAlthough most investors own Tesla shares because they are betting on future products such as the Optimus humanoid robot and robotaxi, it’s electric vehicle business still comprises the lion’s share (~85%) of its total revenues. Last month, Tesla delivered a spectacular deliver beat when it reported ~480k vehicles for Q2. The 480K delivery number trounced Wall Street estimates of 406k and represented a 25% year-over-year increase.
However, it’s important that investors do not view the delivery number in a vacuum. Amid a sunsetting of the federal EV tax credits and a slowing EV market Tesla has offered generous promotional financing and has slashed prices in key markets such as China and Europe. The question for investors is “Will increased EV sales volumes supersede incentives or will deep discounts erode profit margins?”
Tesla EnergyTesla’s Energy business continues to be a consistent bright spot for the company. Deployments soared 40% year-over-year. Meanwhile, Tesla is expanding its energy business. SunRun ((RUN - Free Report) ) and TSLA announced a 16GW distributed energy pact targeting utilities and data center operators. Additionally, Tesla brough the largest lithium refinery in the U.S. online earlier this year. While growth will likely continue, investors will be watching to see if CAPEX stabilizes in this segment.
Future Product TimelinesTesla CEO Elon Musk has a reputation for setting extremely aggressive (and sometimes unrealistic) timelines. While these optimistic timelines can lead to increased productivity, they have been a thorn in the side of Wall Street investors, who are often hyper focused on quarterly results as opposed to long-term results. As a result, investors will want to see progress on Tesla’s Robotaxi & Cybercab commercialization, its FSD adoption rates, and Optimus and AI Compute expansion.
Bottom Line
Tesla’s Q2 EPS will answer important questions about the company’s legacy EV business, energy growth, and future product timelines. If strong delivery volumes can offset incentives and Elon Musk delivers tangible updates on autonomous tech, Tesla shares could finally get the spark they need.
Nvidia uzavřela poslední obchodní den na 207,29 USD, což je denní růst o 1,97 % a lepší výkon než S&P 500. Před zveřejněním výsledků trh čeká EPS 2,09 USD a výnosy 91,71 miliardy USD.
Nvidia (NVDA - Free Report) closed the most recent trading day at $207.29, moving +1.97% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.89%. At the same time, the Dow added 0.74%, and the tech-heavy Nasdaq gained 1.29%.
Heading into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 2.57% over the past month, outpacing the Computer and Technology sector's loss of 6.6% and lagging the S&P 500's loss of 0.63%.
The investment community will be paying close attention to the earnings performance of Nvidia in its upcoming release. The company's earnings per share (EPS) are projected to be $2.09, reflecting a 99.05% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $91.71 billion, up 96.2% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.09 per share and revenue of $387.84 billion, which would represent changes of +90.57% and +79.61%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Nvidia. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
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. The Zacks Consensus EPS estimate has moved 1.54% higher within the past month. At present, Nvidia boasts a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Nvidia has a Forward P/E ratio of 22.37 right now. This indicates a discount in contrast to its industry's Forward P/E of 49.42.
We can also see that NVDA currently has a PEG ratio of 0.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NVDA's industry had an average PEG ratio of 0.93 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 5, putting it in the top 3% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Netflix po výsledcích prudce oslabil, ale Jim Cramer ho označil za „nepoškozenou“ firmu a vidí v 19násobku očekávaného zisku vstupní příležitost. Doporučuje začít s malou pozicí a postupně přikupovat.
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Jim Cramer used his Tuesday, July 20, CNBC Mad Money segment to defend Netflix (NASDAQ:NFLX | NFLX Price Prediction) after a punishing post-earnings sell-off, telling viewers the streamer’s slide into the high-$60s makes the stock worthy of a closer look.
“This is not a broken company. It’s one of the best companies around with one of the best products, and the numbers are still better than most,” Cramer said, framing the stock’s 19x forward earnings multiple as an entry point patient investors have been waiting for.
Netflix shares are down 8.44% over the past week, 12.64% over the past month, and 44.1% over the past year, closing Tuesday at $68.67. That’s a sharp reset from levels near $95.55 at the start of April.
Netflix Beat Estimates, but Investors Still Sold the Stock Netflix’s Q2 2026 report on July 16 delivered EPS of $0.80 versus the $0.7883 estimate on revenue of $12.56 billion, up 13.37% year over year, with an operating margin of 33.4%. Growth was broad-based, with Latin America up 21%, Asia Pacific up 16%, EMEA up 14%, and North America up 10%. Netflix narrowly missed on Wall Street’s revenue expectations.
However, Netflix fell from $73.985 at the filing to $68.20 within an hour. Cramer conceded the quarter was a disappointment with a weakening content slate, but pushed back on the idea that the company is now fundamentally broken.
Netflix’s Advertising Revenue Could Double to $3 Billion Cramer shared Netflix’s bull case based on an uptick in advertising revenue. “Advertising revenues should roughly double to $3 billion this year, and management believes the gap between the economics of the ad-supported and the ad-free plans is narrowing,” he said, pointing to a gap now under 45%. On the earnings call, co-CEO Gregory Peters described that closing gap as “near-term, unrealized revenue growth” the company can harvest.
The Company Captures Only 5% of Global Television Viewing Then came the runway argument. “Penetration of its addressable broadband households captures only about 7% of the entertainment revenue available in those markets, and accounts for just about 5% of global television viewing, so there’s still plenty of room for growth,“ Cramer said. CFO Spencer Neumann noted Netflix is approaching 1 billion people in audience with household penetration under 45% of ~800 million addressable households.
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Netflix Repurchased a Record $4.7 Billion of Stock Additionally, Netflix repurchased $4.7 billion of stock in Q2, its largest buyback quarter ever, with roughly $27 billion in remaining authorization after April’s $25 billion refresh. Cramer characterized it as one of the largest corporate buyback programs in America, alongside investments across ads, games, live programming, podcasts, sports, and AI.
Cramer Says Buy a Small Position and Add “Pyramid Style” Cramer advocated for interested investors to start a small position and scale up over time. “I’d put a small position here and then gradually add on to weakness in pyramid style, because I wouldn’t be surprised if the weakness sticks,” he said.
Polymarket’s active weekly market assigns roughly 81% probability that NFLX closes the week of July 20-24 in the $60-$70 range, and the July monthly market puts the highest conviction at $65 with 0.405 probability.
Reddit sentiment mirrors the split Cramer is trying to bridge. Aggregate sentiment scores dropped to 24 on Monday afternoon, while a widely upvoted r/stocks thread titled “Netflix beat earnings, did its biggest buyback and then restricted access to its engagement data and fell 12% through two days” captured the frustration. Wall Street’s average analyst price target sits at $97.91 with 37 Buy and 13 Hold ratings, which represents significant upside from the stock’s current price of $68.67.
What To Watch Cramer believes Netflix’s sell-off has created an attractive entry point, but he cautioned that the stock could remain weak in the near term. His strategy is to start with a small position and gradually buy more if shares continue to fall.
The bull case now depends on Netflix doubling advertising revenue to $3 billion, restoring engagement growth, and meeting its Q3 guidance. If the company delivers, its global growth runway, record share repurchases, and 19x forward earnings multiple could make the current decline a long-term buying opportunity.
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