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Victoria's Secret & Co. (NYSE:VSCO) shares fell more than 12% after the retailer's third-quarter profit outlook came in below Wall Street estimates, overshadowing a second-quarter earnings beat and a raised full-year guidance.

The company reported second-quarter revenue of $1.61 billion, up 10% from a year earlier but slightly short of the $1.62 billion analysts had expected.

Adjusted earnings per share came in at $0.95, well above the $0.77 estimate and up 188% year-over-year. Adjusted operating income rose 125% to $124 million, topping forecasts of $101 million. Comparable sales grew 9%.

By segment, North America store revenue reached $897.9 million, up 9%, while direct revenue climbed 8.1% to $439.4 million. International revenue jumped 20% to $273.4 million.

Adjusted net income more than doubled to $80 million, ahead of the $65.7 million estimate, aided in part by $140.3 million in pre-tax recoveries from IEEPA tariff refunds.

For the third quarter, Victoria's Secret guided revenue of $1.57 billion to $1.60 billion, roughly in line with estimates, but projected operating income of just $10 million to $20 million, falling short of consensus.

The company raised its full-year revenue guidance to a range of $7.10 billion to $7.18 billion, up from a prior forecast of $7.03 billion to $7.13 billion, though still below the $7.2 billion analysts had projected. Full-year adjusted operating income guidance was lifted to $560 million to $590 million from $550 million to $580 million, while adjusted earnings per share guidance was set at $4.45 to $4.70.

Analysts at Jefferies said the results were solid but noted shares had entered the quarter trading around 15 times earnings, above historical norms, meaning investors had already priced in much of the improvement. The brokerage pointed to broad-based performance spanning brands, channels and international markets as evidence the recovery extends beyond any single initiative, while maintaining a Hold rating on the stock.

Key Takeaways ONON shares fell 27.2% in a month even as sales grew double digits and profitability expanded.ONON restrained wholesale sell-in to protect inventory health and full-price positioning amid promotions.ONON trades at 14.5X forward earnings, while higher tariffs and rising costs add near-term uncertainty. On Holding AG (ONON - Free Report) shares have fallen 27.2% in the past month, putting the stock near the low end of its three-year valuation range. The decline comes even as the company continues to post double-digit sales growth and expanding profitability.

That split matters for investors. The sell-off has reduced a once-richer valuation, but softer wholesale sell-through, higher tariffs and rising operating costs keep the near-term risk-reward from looking straightforward.

Why ONON's Wholesale Discipline MattersSecond-quarter wholesale net sales rose 12.7% at constant currency, well below direct-to-consumer growth of 34.3%. ONON deliberately restrained wholesale sell-in in a promotional multi-brand environment, particularly in the Americas, to protect channel inventory health and full-price positioning.

The choice limits near-term volume while ONON prepares a broader running-product refresh. NIKE, Inc. (NKE - Free Report) reported fiscal 2026 fourth-quarter wholesale revenues up 4% on a reported basis. Deckers Outdoor Corporation (DECK - Free Report) said HOKA brand sales rose 7.7% in its first quarter of fiscal 2027, underscoring continued competition in performance footwear.

ONON's Margins Still Signal Premium Brand StrengthONON's gross margin expanded 390 basis points year over year to 65.4% in the second quarter. Adjusted earnings before interest, taxes, depreciation and amortization margin increased to 19.8% from 18.2%, helped by freight efficiencies, a higher direct-to-consumer mix, premium positioning and favorable foreign exchange, which more than offset higher U.S. import duties.

Direct-to-consumer sales reached 45.7% of quarterly revenues, up from 41.1% a year earlier. Management raised its full-year 2026 gross-margin outlook to at least 65% while maintaining adjusted earnings before interest, taxes, depreciation and amortization margin guidance of 19.5%-20%, keeping margin execution central to the investment case.

Tariffs and Rising Costs Keep Pressure on ONONAdditional Section 301 tariffs imposed by the United States in July 2026 are expected to increase duties on On Holding's products. The incremental earnings impact was not quantified, leaving uncertainty over how much of the added burden can be absorbed through sourcing, pricing and operating efficiencies.

Selling, general and administrative expenses rose 18.5% to CHF 436.3 million in the second quarter, faster than reported net-sales growth of 13.5%. Future payment commitments under signed leases increased to CHF 230.3 million from CHF 153.8 million at year-end 2025, reducing cost flexibility if demand weakens.

ONON Valuation Resets but Is Not an Obvious BargainONON now trades at 14.5X forward 12-month earnings, the bottom of its three-year range of 14.5X to 86.2X and far below the 44.1X median. The month-long sell-off has therefore removed a substantial portion of the stock's historical valuation premium.

The multiple still sits above the Zacks sub-industry level of 12.7X. The Zacks Consensus Estimate for current-fiscal-year earnings has also moved 2.1% lower over the past four weeks, so a cheaper multiple does not by itself settle the valuation debate.

Image Source: Zacks Investment Research

ONON's Signals Still Argue for CautionThe sell-off has made ONON less expensive, but the near-term setup remains mixed. Growth, direct-to-consumer strength and margin expansion support the business profile, while restrained wholesale shipments, tariff uncertainty and rising costs argue against treating the price drop alone as an opportunity.

ONON currently carries a Zacks Rank #4 (Sell). Its VGM Score of A, Growth Score of A and Momentum Score of A point to favorable style characteristics, but the Value Score of D is less supportive. Because the Style Scores are designed to complement the Zacks Rank, they do not override the Rank's more cautious near-term signal.

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

A new European defense contract and a fresh analyst Buy rating landed for Planet Labs on Thursday, yet the stock cratered anyway while the broader market rallied. Something specific to this sector is spooking investors ahead of a closely watched…

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Space and satellite names are pulling back Thursday morning even as major U.S. benchmarks climb, with a mix of company-specific catalysts failing to stem selling across the commercial space complex. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.6% to $769.76, tracking the S&P 500, so the risk-off in space is idiosyncratic to the sector rather than a reflection of the wider market.

Planet Labs PBC (NYSE:PL) stock is down 8% to $18.48, even after the company announced a new European defense contract and picked up a fresh Buy initiation from Berenberg. Meanwhile, Intuitive Machines (NASDAQ:LUNR) stock is falling 2% to $14.52 as risk comes out of the space complex. AST SpaceMobile (NASDAQ:ASTS) stock is sliding 1% to $61.78, sitting out today’s broad-market advance.

Contract and Buy Rating Fail to Lift Planet Labs Planet Labs disclosed a seven-figure, one-year agreement with a European defense and intelligence customer covering Planet Mosaics imagery and dedicated professional services support, according to Planet Labs PBC. Jon Powers, its Vice President of Global Defense and Intelligence, stated, “Defense and intelligence organizations around the globe rely on Planet’s high-frequency, scalable satellite solutions to address complex and fast-evolving security environments.” That agreement extends Planet Labs’s run of government wins from earlier this year, including deals with the National Geospatial-Intelligence Agency, the Swedish Armed Forces and the Defense Innovation Unit.

Scale is the problem for bulls. A seven-figure deal is small next to the 8-figure and 9-figure awards Planet Labs has booked earlier this year, so it doesn’t materially shift the revenue base or full-year guidance math.

The sell-side signal is more constructive. Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction) was named alongside Planet Labs and AST SpaceMobile in a Berenberg initiation, with analyst Michael Filatov launching coverage of all three at Buy and setting a $25 price target on Planet Labs stock, citing its daily whole-Earth imaging and multi-year imagery archive as a moat rivals would struggle to reproduce. Yet, that initiation isn’t drawing buyers in Planet Labs stock during this session.

Sector Risk Comes Off Ahead of Results Positioning offers the cleaner read. Planet Labs is scheduled to report quarterly results after the close, though the company hasn’t confirmed the date, and short-dated options activity has tilted defensive into the release. That’s a familiar setup for a name that’s run hard.

The year-to-date figure sharpens the picture. Planet Labs stock was up 1% year to date through Wednesday’s close despite a 201% advance over the past year, meaning the entire twelve-month gain predates 2026, and current holders have sat through eight quiet months.

The commercial space peers show the same tone. Intuitive Machines stock was down 8% year to date through the prior close, and AST SpaceMobile stock was down 14% year to date over the same span, extending an underperforming stretch even as the S&P 500 climbs. The yield on the 10-year Treasury note is down 4 basis points to 4.74%, a rate move typically supportive of long-duration growth names.

What to Watch The immediate event is Planet Labs’ scheduled results release. A quarterly print in line with the FY2027 revenue and adjusted EBITDA guide could unwind the day’s de-risking. Any softness in backlog conversion or the current-quarter revenue outlook may confirm the caution the session is pricing in.

Peer-group price action matters, too. If Intuitive Machines and AST SpaceMobile stabilize while Planet Labs continues to lag, the move looks stock-specific rather than sector-wide. Should the whole space complex keep sliding, it points to broader rotation regardless of tonight’s numbers.

Investors sizing their exposure into the release should calibrate their positions carefully given the volatility already visible in the session and in short-dated options activity. There’s no shame in waiting for the report itself; the setup here is asymmetric only for holders willing to stomach a gap either way.

Contact [email protected] for any questions or corrections.

Scientists at Google DeepMind and Google Research released a new artificial intelligence model for weather forecasting today that sees our changing atmosphere more clearly and predicts its behavior more often.

WeatherNext 3 is the latest wave of a sea change in meteorology brought out by deep learning techniques, and Google says it will start feeding into weather information users see in search, Google Maps, and Gemini, as well as being available to users and researchers on Google’s cloud platforms.

“This is going to be the first time that some of the core variables feed and power a lot of the Google products,” Samier Merchant, a Google senior staff engineer, told TechCrunch.

The new model has already proven to be the most accurate among leading contenders tested on Operational WeatherBench, a utility for comparing AI forecasts built by the startup Brightband. It looks at metrics like temperature, windspeed, and humidity.

As well as beating out other deep-learning models built by Google, Microsoft, Nvidia, and the European Center for Medium-Range Weather Forecasting (ECMWF), it also beats traditional forecasts from the U.S. National Weather service and the ECMWF.

Image Credits:Brightband Most weather forecasts come from government-owned supercomputers laboriously churning through mathematical equations written to describe the physics of weather; while these systems have become remarkably accurate, they are expensive and comparatively slow. After the ECMWF released more than half a century of weather data produced by these systems in 2018, deep learning researchers began training models that could make predictions far more quickly and with comparable accuracy to government tools.

“Weather is chaotic, and so small differences really start to perturb massively…Machine learning targets the problem we are really solving, which is approximate noisy physics from incomplete information and finite compute, and so it learns patterns from a lot of data,” said Ferran Alet, a staff research scientist manager at DeepMind.

Since then, model-makers have pushed on the key weaknesses of AI forecasting models: They tend to forecast over a wider area — 15 to 25 square km — than is truly useful, they’re not always great with rain, and they still depend on the formatted data-sets produced by government agencies.

WeatherNext 3 takes on all three challenges. On key variables, researchers told TechCrunch, it can predict down to a resolution of 5km. Its evaluations on rain are 60% improved over WeatherNext 2, and it can now produce hourly forecasts, instead of the standard prediction every six hours.

Image Credits:Google Those improvements are the result of specific choices made by the designers. WeatherNext 3 is a larger model, with 2.4 times more parameters than its predecessor, and tailoring the targets for the decoder heads to give more useful answers. While most weather forecasts output as metrics averaged across a 3D grid, DeepMind researchers have already won plaudits by tuning their model to also visualize cyclone paths.

This time around, the designers also trained the model to target its forecasts to specific weather data stations. This is important not only for offering more granular predictions, but also for being able to evaluate its work against specific, ground-truth data.

“The idea, with a lot of AI applications, is to try to run tasks as end-to-end as possible,” Daniel Rothenberg, an atmospheric scientist at Brightband, said. “Adding a capability where this model is now also predicting, say, what Denver’s airport’s weather station is going to measure on an hourly basis, just connects that forecasting task closer to the core.”

The model is able to forecast more frequently because it can ingest weather satellite data collected in real-time on an hourly basis. Feeding AI models on raw empirical observations, rather than the analysis produced by weather supercomputers, promises a more accurate forecast, but it is still technically challenging to get models to work with unformatted data.

Google says WeatherNext 3 is the “first” AI model to directly incorporate raw observations for a high-resolution global forecast, but the AI weather startup WindBorne says its model, WeatherMesh 6, has been incorporating raw observations from its fleet of weather balloons and other sources since late 2025. Asked about that, Google pointed out that its forecasts are higher resolution across the globe. Regardless, both models still rely on national weather datasets to perform forecasts, so more work will be required for true direct data assimilation.

While LLMs get the bulk of the attention, the transformer revolution in meteorology has been just as important. European and US weather agencies are already using AI models in their forecast products, and their speed and low cost promise to bring economic impact to poorer regions where the expense of high-quality sensors and supercomputers has put accurate forecasts out of reach.

Bill Gates recently cited AI-powered weather forecasting as a crucial benefit of the technology, with better forecasts improving crop yields in developing countries. Alet, the DeepMind researcher, said that higher-resolution forecasts of wind, rain, and cloud cover will be useful to make renewable energy projects more dependable.

“At the end of the day, I think Google is about providing useful information to the user, and a lot of what users are looking for has to do with the weather in some way or another,” Alet said.

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Amazon.com Today

$258.96 +3.98 (+1.56%)

As of 11:55 AM Eastern

This is a fair market value price provided by Massive. Learn more.

$196.00▼

$287.2020.83

$323.09

Amazon.com Inc. NASDAQ: AMZN has built its empire on a relentless obsession with doing things faster and cheaper, so news that it's quietly working to automate one of the last stubbornly manual corners of its operation should surprise nobody. What might raise an eyebrow is just how ambitious the plan appears.

The project, known internally as Tetromino, is a reported effort to bring AI and robotics to the final stretch of Amazon's delivery network: the fiddly business of sorting packages and readying them for the vans that carry them to your door. It's exactly the kind of labor-heavy work that has so far resisted mechanization, and cracking it could make the whole system dramatically more efficient.

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The news lands at a slightly awkward moment for the shares, which have slipped roughly 10% from the record high they touched last month and look vulnerable to falling further. That backdrop makes the question all the more pointed: could a deeper push into automation be exactly the kind of long-term catalyst the stock needs, or is it a distraction from more immediate concerns?

Project Tetromino Targets Amazon’s Last-Mile Cost ProblemAccording to the reports, based on an internal planning document, Tetromino aims to automate the tricky task of organizing packages and preparing them for delivery vehicles. This step still relies heavily on human hands. The document reportedly calls for a pilot facility in 2028, with the system processing packages at around two and a half times the rate of Amazon's existing delivery stations.

It's worth stressing that this remains early-stage, and Amazon has been quick to manage expectations. The company disputed the financial projections and timeline in the reported internal document, describing Tetromino as a concept whose plans could change substantially. In other words, this is a glimpse of a direction of travel rather than a finished blueprint.

Even so, it fits a clear pattern. Amazon has said it expects to more than double the number of robotic arms across its network this year alone, and Tetromino would extend that drive into territory it has not yet conquered. The ambition is unmistakable, even if the details remain fuzzy.

Automation Could Unlock Amazon’s Next Margin LeverAmazon.com Stock Forecast Today12-Month Stock Price Forecast:
$323.09
25.36% Upside

Moderate Buy
Based on 59 Analyst Ratings

Current Price$257.72High Forecast$400.00Average Forecast$323.09Low Forecast$218.00Amazon.com Stock Forecast Details

To grasp why any of this matters for the stock, you have to understand the sheer scale of Amazon's e-commerce and logistics operation. Moving billions of packages around the world is enormously expensive, and much of that expense is labor. Anything that shaves cost from each package handled has an outsized impact when multiplied across such colossal volumes.

That's the heart of the bull case. If Amazon can automate a step that today demands substantial manual work, it stands to lower its cost per package and squeeze more profit from its vast retail machine as volumes grow. With an installed base already numbering more than a million robots, the company has both the scale and the expertise to make automation a powerful competitive weapon.

There is a second, subtler prize, too. A more automated network doesn't just cut costs; it can be rented out to others. Amazon has been opening up its logistics muscle to outside merchants, and the more efficient that network becomes, the more profitably it can monetize all that capacity, turning a cost center into a potential earner.

Execution Risk Still Clouds the Robotics Bull CaseFor all that promise, the bears have some fair objections, and they start with the simple fact that this is far from a done deal. Automating the messy, unpredictable final steps of delivery is a much harder problem than bolting robots into a warehouse, and there's no guarantee Amazon cracks it, or that the savings justify the cost when it does.

That points to the broader worry about spending. Amazon is pouring staggering sums into AI, robotics, and infrastructure, and some investors fret this relentless capital intensity could weigh on cash generation if the returns disappoint. An expensive kit that fails to deliver durable savings would be a poor trade, no matter how impressive the technology.

Then there is the awkward matter of jobs. Amazon insists its automation is designed to support workers rather than replace them. Still, reports based on internal documents suggest greater use of robots could slow its warehouse hiring over the coming decade. That is a delicate balance to strike, and one that could invite scrutiny as the technology spreads.

AMZN Pullback Puts the Long-Term Catalyst in FocusSo what should investors make of it all? On its own, a single early-stage project, however clever, won't transform a company the size of Amazon overnight, and the disputed timeline means any real benefit is years away at best.

Viewed through a wider lens, though, Tetromino is a useful signal of where Amazon is heading. It underscores a long-term strategy of grinding down costs and boosting efficiency across an already formidable logistics network, precisely the sort of relentless self-improvement that has made the company so dominant.

For investors, then, the project is best seen not as a reason to buy the shares today, but as a reminder of the powerful long-term forces still working in Amazon's favor. With the stock under some near-term pressure, those looking to build or add to a long-term position might have just gotten a fresh reason to be a little more bullish.

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A White House AI adviser is selling data centers as economic lifelines while Berkshire's Greg Abel warns of a full-blown revolt taking shape in communities across the country. One of them is reading a very different map of where a…

On September 2, 2026, three things happened within roughly 24 hours. Craft Ventures co-founder and White House AI adviser David Sacks amplified a political messaging script coaching candidates to frame data centers as “life preservers” for “drowning American towns.” Berkshire Hathaway‘s (NYSE:BRK-A | BRK-A Price Prediction)(NYSE:BRK-B) Greg Abel told CNBC there is “a lot more pushback” on data center construction across the country. And Pennsylvania Governor Josh Shapiro signed an executive order making local community support a permit prerequisite for new sites. Three separate signals, one message: the roughly $1 trillion in AI capital expenditure that investors are underwriting has run into a political problem large enough to require coordinated damage control.

Buildout Meets Backlash Sacks himself has quantified the scale. “Something like $800 billion of capex is being invested this year. I’ve seen forecasts for 1.4 trillion next year,” he said last week, adding that he would not be surprised if 2026 clears $1 trillion. The demand side of that number lives inside NVIDIA (NASDAQ:NVDA), which reported $96.22 billion in quarterly revenue and told investors it expects fiscal 2028 growth of approximately 70%, capped only by supply. CEO Jensen Huang put the cloud-industry backlog at greater than $2 trillion, with the top five hyperscalers on pace to spend $1.3 trillion in 2027.

The physical footprint of that money is what towns are now fighting. Digital Realty Trust (NYSE:DLR) has 1.4 gigawatts under construction at a total cost of $20 billion and a growth runway of 9 gigawatts. CEO Andy Power conceded on the July call that “as an industry, we are becoming significantly more visible” and that “it is becoming more and more challenging to deliver the critical digital infrastructure” customers want.

The power side is tighter still. Constellation Energy (NASDAQ:CEG) signed 920 megawatts of long-term nuclear power purchase agreements last quarter at durations of 18 and a half years, and PJM’s 2028/2029 capacity auction cleared at $325/MW-day. That price is exactly what residential ratepayers in the mid-Atlantic will see on their bills, and it is the number driving statehouse letters and county-commission fights.

Congressional research on the sector concluded that “data center load growth is the primary reason for recent and expected capacity market conditions” in PJM. Vertiv (NYSE:VRT), which supplies the cooling and power gear, just announced an acquisition explicitly aimed at accelerating “time to power” for AI data centers. The picks-and-shovels names powering, cooling, and networking these sites are the ones we profiled in a free report on seven AI infrastructure stocks that aren’t chipmakers.

Why Buffett’s Successor Is the Tell Berkshire Hathaway is the skeptical voice that matters because Berkshire Hathaway Energy owns regulated utilities across six states and Abel spent his career running them. Berkshire’s operating earnings rose to $12.98 billion last quarter, and the company deployed roughly $23.5 billion into equities including a $10 billion Alphabet stake. When Abel flags a revolt, he is speaking as the operator who has to file the rate cases the revolt shows up in. BRK-B is up just 0.52% year to date; NVDA is up 20.47%; VRT is up 58.52%. The gap prices in a world where the buildout continues without friction.

What to Watch Before the Midterms Shapiro’s Pennsylvania order is the template. Watch whether Virginia, Ohio, Texas, and Georgia adopt similar community-consent triggers before November, and watch PJM’s response to FERC on co-location rules, which Constellation expects in the first to second quarter of 2027. A single high-profile permit denial in Loudoun County or a rate-shock headline out of Ohio would validate Abel over Sacks and force NVIDIA’s hyperscaler customers to explain how a supply-constrained pipeline gets built when the constraint moves from wafers to zoning boards. The AI trade has priced in the chips. It has not priced in the county commission.

Contact [email protected] for any questions or corrections.

Key Takeaways SK Hynix is benefiting from surging demand for HBM and advanced storage chips used in AI infrastructure.Its NVIDIA partnership supports next-gen AI memory supply as SK Hynix expands capacity for rising demand.SK Hynix's Indiana fab will supply next-gen HBM to U.S. customers starting in the second half of 2029. South Korean memory-chip giant SK Hynix (SKHY - Free Report) made a highly impressive Wall Street debut in July. It is South Korea’s second-largest company and one of the world's largest semiconductor vendors. SK Hynix is experiencing exploding demand from AI data centers.

The company continues to gain from soaring demand for high-bandwidth memory and advanced storage chips, both of which are essential components of AI infrastructure. The rapid expansion of AI data centers has created a global shortage of memory products, boosting demand across sectors ranging from cloud computing to consumer electronics.

As a major supplier of AI memory chips to NVIDIA (NVDA - Free Report) , SK Hynix is well positioned to capitalize on the AI boom. Building on its relationship with NVIDIA, the company is expanding manufacturing capacity to address increasing demand generated by the continuing global AI investment cycle. 

Earlier this year, SK Hynix also entered into a long-term AI memory partnership with NVIDIA. As a follow-up measure to solidify their previous long-term technical partnership, this agreement allows NVIDIA to secure a stable supply of next-generation AI memory, while enabling SK Hynix to expand the foundation for growth.

SKHY holds a strong position in the high-bandwidth memory (“HBM”) market. This leaves it favorably placed as agentic AI drives greater memory requirements. Its early leadership in HBM provides a meaningful competitive advantage. Meanwhile, the rapid expansion of AI data centers has created a worldwide memory chip shortage, lifting demand across industries, from cloud computing to consumer electronics. The company could also gain from supportive policies in South Korea.

Last month, SK Hynix held a groundbreaking ceremony for its Indiana fab, thereby taking the first step toward securing a local AI memory production base in the United States. The Indiana fab is SK Hynix’s first AI memory production hub in the United States. Built on a site of approximately 133 acres, the fab will house an HBM production line and the Advanced Packaging R&D Testbed in West Lafayette, IN. SK Hynix plans to supply next-generation HBM that has undergone on-site packaging and testing to its U.S. customers starting in the second half of 2029.

Micron Technology (MU - Free Report) is also a major player in the HBM market. The company is benefiting from one of the biggest changes in the semiconductor industry — the rapid AI growth. AI servers need far more memory and bandwidth than traditional systems, driving demand for HBM, advanced DRAM and data center solid-state drives. Micron’s latest HBM solutions offer higher capacity, stronger performance and better power efficiency, making them well suited for AI accelerators. Demand has been particularly strong for HBM products. Micron has already sold out its HBM production for calendar year 2026, while a significant portion of the 2027 capacity has been reserved through long-term customer agreements.

Taking a Look at SKHY’s Key MetricsShares of SKHY have gained in the high single digits (% wise) ever since its U.S. debut. Consequently, SKHY’s shares outperformed the Zacks Electronics-Semiconductors industry over the same time frame.

Price ComparisonImage Source: Zacks Investment Research

See how the Zacks Consensus Estimate for the company’s earnings per share has been revised over the past 90 days.

Image Source: Zacks Investment Research

The Wall Street average price target for SKHY calls for an upside of roughly 54% from current levels.

Image Source: Zacks Investment Research

SKHY’s Zacks RankSKHY currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.  

Key Takeaways Netflix shares have rebounded as investors focus on the scaling of its advertising business.Netflix expanded AI ad tools and programmatic access while seeing strong interest in live-event inventory.Ad revenues are expected to roughly double to $3 billion in 2026, with clients up 70% year over year. Netflix (NFLX - Free Report) shares have climbed sharply off their 2026 lows in recent weeks, and the advertising business is emerging as the central thread in that recovery narrative. As the stock works to claw back ground lost earlier this year, investor attention has increasingly shifted toward how quickly the company's ad-supported tier can scale and what that means for the broader growth story.

The renewed focus follows a set of developments the company has flagged around its advertising operations. In its most recent shareholder communication, Netflix said it expanded AI-powered tools across the advertising lifecycle — spanning planning, creative production, campaign management and reporting — and extended programmatic access to Pause Ads and live inventory, a move aimed at opening the platform to a broader range of buyers, including smaller advertisers previously limited by manual processes. The company also noted that its U.S. upfront negotiations were in advanced stages, with commitments expected to close in the following weeks, and pointed to strong advertiser interest in its live-event lineup.

These initiatives sit against a backdrop of steady financial performance. For the second quarter of 2026, Netflix reported revenues of $12.56 billion, up 13% year over year, with operating margin at 33.4% and earnings per share of 80 cents. The company repurchased $4.7 billion of stock during the quarter, its largest buyback quarter on record, leaving $27.1 billion in remaining authorization. On advertising specifically, Netflix has guided toward roughly doubling ad revenues to approximately $3 billion in 2026, with an advertiser base that had grown to more than 4,000 clients, up 70% year over year, as of its most recent count.

Looking ahead, the company reiterated its full-year revenue outlook of $51 billion to $51.4 billion, implying 13-14% growth, alongside a 31.5% operating margin target and roughly $12.5 billion in free cash flow, with growth in memberships, pricing and advertising cited as the primary drivers for the remainder of the year.

With the ad business still a fraction of total revenues but expanding at a rapid clip, its trajectory over the next two quarters is likely to remain a key determinant of whether Netflix's stock recovery has staying power.

Competitors Show Divergent Ad Growth PathsAmong U.S. rivals pursuing similar ad-supported growth, Disney (DIS - Free Report) and Comcast (CMCSA - Free Report) offer contrasting benchmarks. Disney's direct-to-consumer advertising revenues rose 3% in its fiscal third quarter, with Disney's Entertainment segment ad sales actually dipping 1% even as Disney's ESPN business offset the softness. Comcast, by contrast, posted a sharper trajectory: Peacock's advertising revenues jumped nearly 70% in the second quarter, aided by World Cup and NBA coverage, helping Comcast's streaming arm turn profitable for the first time. Comcast's faster ad ramp contrasts with Disney's steadier, subscription-led model, underscoring how differently each rival is monetizing its streaming audience.

NFLX’s Price Performance, Valuation & EstimatesShares of Netflix have plunged 11.8% year to date, underperforming the Zacks Broadcast Radio and Television industry and the Zacks Consumer Discretionary sector’s decline of 10.8% and 9.3%, respectively.

NFLX’s YTD Share Price Performance
Image Source: Zacks Investment Research

From a valuation standpoint, Netflix appears overvalued, trading at a forward 12-month price-to-sales ratio of 6.24X, higher than the industry’s 3.17X. NFLX carries a Value Score of D.

NFLX’s Valuation
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for NFLX’s 2026 earnings is pegged at $3.59 per share, unchanged over the past 30 days. This indicates a 41.9% increase from the previous year.

NFLX currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways Ford is recalling 148,663 Mustang vehicles over an electrical wiring defect.The issue may cause propulsion loss or disrupt headlights, cooling, air conditioning and more.Owners can get wiring harness ground terminals replaced at no cost, with a remedy expected in March 2027. Ford Motor Company (F - Free Report) is recalling 148,663 Mustang vehicles over an electrical wiring issue that could result in a loss of drive power or disrupt key functions, including the headlights, thereby raising the risk of a crash.

Per the National Highway Traffic Safety Administration (NHTSA), certain Mustang vehicles may have an electrical wiring defect that could cause a loss of propulsion or affect the windshield washer system, headlights, air conditioning or engine cooling fan.

The recall covers 2024-2026 Ford Mustang vehicles manufactured between Sept. 7, 2022, and June 9, 2026. NHTSA estimates that approximately 1% of the recalled vehicles may have the defect.

Ford is expected to notify affected owners by mail between Aug. 31 and Sept. 4, 2026. A follow-up notification will be sent once a remedy becomes available, which is currently expected around March 2027.

Owners can take their affected vehicles to a Ford or Lincoln dealership, where the engine compartment wiring harness ground terminals will be replaced at no cost. F carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Latest Updates on Recalls by Other AutomakersTesla, Inc. (TSLA - Free Report) is facing heightened regulatory scrutiny in China after regulators ordered the recall of about 2.98 million vehicles last month over concerns that emergency door-release systems could fail during a crash or power loss. The recall primarily affects Tesla’s China-made and imported Model 3, Model Y, Model S and Model X vehicles. The issue highlights safety concerns surrounding Tesla’s electrically operated, flush-fitting door handles, a design feature closely associated with the company’s modern EVs.

General Motors Company (GM - Free Report) is facing an expanded U.S. safety investigation into engine failures affecting nearly 1 million pickup trucks and SUVs. GM previously recalled nearly 600,000 vehicles from the 2021-2024 model years over L87 engine problems linked to supplier quality issues. However, the issue has persisted despite recall repairs, with GM receiving nearly 7,000 complaints involving post-recall engine failures, while NHTSA has received 499 complaints.

F’s Price Performance, Valuation and Estimates  Ford has outperformed the Zacks Automotive-Domestic industry in the last six months. Its shares have gained 10.4% against the industry’s decline of 7.8%. 

Image Source: Zacks Investment Research

 
From a valuation perspective, F appears undervalued. Going by its price/sales ratio, the company is trading at a forward sales multiple of 0.32, lower than the industry’s 3.24. 

Image Source: Zacks Investment Research

 
The Zacks Consensus Estimate for Ford’s 2026 and 2027 EPS has moved up 20 cents and 9 cents, respectively, in the past 60 days. 

Image Source: Zacks Investment Research

PayPal (PYPL.O) has cut roughly 220 jobs in India as part of the payments firm's broader, multi-year turnaround plan laid ​out earlier this year, a person familiar with the ‌matter told Reuters on Thursday.

Here are some more details:

"The recent staffing changes are part of our previously announced multi-year transformation to simplify our global operations, ​strengthen execution, and position the company for long-term growth," a ​PayPal spokesperson said in an emailed statement.

The firm has outlined ⁠extensive cost-saving measures this year under newly appointed CEO, Enrique Lores, ​as it seeks to sharpen its competitive position in the crowded ​payments market.

PayPal has set a target of achieving $400 million in cost savings by year-end and at least $1.5 billion over the next two to three years.

Among ​the initiatives are plans to reduce organizational layers, improve productivity and ​integrate AI and automation across the business.

It joins a growing list of U.S. companies ‌that ⁠have announced job cuts this year.

The rise of fintech rivals and big-tech players such as Apple and Google in payments has chipped away at PayPal's market share in recent years, weighing on its stock. ​The company's shares ​are down ⁠roughly 82% from its 2021 record high.

In its latest earnings report, PayPal raised its full-year profit forecast ​after quarterly results topped Wall Street expectations.

The turnaround ​initiatives come ⁠against a backdrop of takeover speculation around the company.

Reuters reported in July, citing sources, that a consortium including payments company Stripe and private ⁠equity ​firm Advent had made a $53 billion ​offer to buy PayPal.

The suitors are no longer pursuing the deal, according to media reports in ​late August.

Key Takeaways Gold.com says softer precious-metals demand persisted through the first two months of fiscal 2027.Tether is adding storage, trading and lease volume for Gold.com, though at lower margins.Gold.com aims to deploy Tether leases over six to nine months while integrating Sunshine Minting. Gold.com, Inc. (GOLD - Free Report) used its fiscal Q4 2026 earnings call to emphasize softer precious-metals demand after a strong third quarter, with the slowdown continuing into the first two months of fiscal 2027. CEO Gregory Roberts said the business remains healthy.

Management also focused on Tether, metal-lease deployment, M&A and Sunshine Minting integration.

GOLD Faces a Softer Start to Fiscal 2027Roberts said demand began slowing from mid-March into early April, persisted through fiscal Q4 and continued through the first two months of fiscal Q1 2027. Higher interest rates were also weighing on gold and silver prices, while retail dip-buying remained muted.

CFO Cary Dickson said fiscal Q4 revenues rose 99% year over year to $5 billion and gross profit increased 35% to $110.3 million, while EBITDA declined 3% to $28.2 million.

Reported earnings of $0.83 per share missed the Zacks Consensus Estimate of $0.96 by 13.50%. Revenues of $5 billion missed the consensus mark of $7.76 billion by 35.5%.

Gold.com Sees Tether Scaling at Lower MarginsA ROTH Capital Partners analyst asked how Tether contributed during the quarter. Roberts said Gold.com is providing storage, trading and precious-metal lease services, adding volume but at lower margins.

Roberts said current lease and storage positions are at multiples of the levels disclosed when the relationship was announced. He described fiscal Q4 as an early period for developing the partnership.

A Canaccord Genuity analyst pressed for more detail on scale. Roberts would not quantify further, but said the companies are exploring additional opportunities, including digital products.

GOLD Targets Better Lease DeploymentA Northland Capital Markets analyst asked when financing savings tied to Tether would emerge. Roberts said Gold.com had not yet recognized some savings as metal leases increase and reliance on its dollar credit facility declines.

Roberts said the market returned to contango after backwardation eased as prices fell in March and April. Excess leases can create added costs when they are not matched against inventory that requires hedging.

Over the next six to nine months, management’s priority is to deploy the Tether leases and earn returns above related costs. Roberts said the benefits should take a couple of quarters to become more visible.

Gold.com Keeps M&A and Dividends at PlayA Maxim Group analyst asked about capital allocation after the company declared a $1 special dividend while maintaining its $0.20 quarterly dividend. Roberts said Gold.com remains committed to the regular dividend and may return more capital after exceptional periods.

On repurchases, Roberts said management would consider buying shares when the market price offers a discount to book value. He referenced book value approaching $1 billion.

Roberts also said the company’s active M&A posture is not slowing. Short-term market slowdowns, he added, can create acquisition opportunities as potential sellers become less satisfied with their performance.

GOLD Looks to Retail and Collectibles for GrowthA D.A. Davidson analyst asked about major retailers and new channels. Roberts said the Costco business remains strong and highlighted Gold.com’s ability to support it through minting, logistics and trading.

He also pointed to newer digital retail platforms using social media and gamification to sell bullion and collectibles. Management sees those channels as a way to reach younger customers as new customer acquisition has slowed.

A Canaccord analyst asked about collectibles. Roberts said Stack’s Bowers was in one of its largest auction weeks, with more than $50 million of products expected to sell over five to six days. Sports cards remain another area for expansion.

Gold.com Stays Focused on IntegrationRoberts framed fiscal 2027 around integrating acquisitions, optimizing the platform and capturing synergies from Sunshine Minting. He said Sunshine expands production capacity and supports Gold.com’s ability to serve sovereign mints and its own brands.

Management remained confident on long-term growth but cautious about near-term demand. The call emphasized flexibility across retail, wholesale, lending, minting and M&A rather than evenly distributed quarterly performance.

GOLD’s Zacks Signals Remain BalancedGOLD currently carries a Zacks Rank #3 (Hold), a more neutral near-term earnings-revision signal than the stronger Zacks Rank #1 or #2 categories.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It has a Value Score of A, Growth Score of A, Momentum Score of B and VGM Score of A.

The A and B Style Scores are favorable readings, while the VGM Score combines value, growth and momentum characteristics. Style Scores are designed to complement the Zacks Rank, not replace it. The Zacks Rank can change as analysts revise estimates after the just-reported results.

Etentamig, an investigational asset, achieved a significantly improved objective response rate (ORR, 74%) and a 60% risk reduction in disease progression or death (progression-free survival, hazard ratio 0.40) versus investigator's choice of standard available therapies Etentamig demonstrated low rates of cytokine release syndrome (CRS) and fatal infections with monthly dosing (Q4W) from initiation following a single step-up dose Etentamig's dosing schedule and clinical profile may offer a differentiated treatment option for patients and providers Results support the potential of etentamig, a second-generation BCMA-directed T-cell engager, to enable treatment across a range of settings, including outpatient and community-based care , /PRNewswire/ -- AbbVie (NYSE: ABBV) announced positive topline results from the Phase 3 CERVINO study1 evaluating etentamig, an investigational BCMA x CD3 bispecific T-cell engager, versus standard available therapies (SAT) in patients with triple-class exposed (proteasome inhibitor, immunomodulatory drug and anti-CD38 monoclonal antibody) relapsed/refractory multiple myeloma (RRMM). The study met its dual primary endpoints of objective response rate (ORR) and progression-free survival (PFS). Full results will be presented in a plenary session at the 23rd International Myeloma Society Annual Meeting, taking place September 23-26, 2026, in Glasgow, Scotland.

At the data cutoff, the Phase 3 CERVINO trial included 393 patients who had received a median of three prior lines of therapy. At the median follow-up of 11.4 months, etentamig demonstrated statistically significant and clinically meaningful efficacy with a manageable safety profile:

Significantly higher ORR with etentamig vs. SAT (74.0% [95% CI, 67.25–79.97] vs. 45.7% [95% CI, 38.59–52.91]; P<0.0001).2 Significantly improved PFS with etentamig vs. SAT (HR, 0.40; 95% CI, 0.29–0.54; P<0.0001). The PFS benefit was observed across all pre-specified subgroups evaluated.2 12-month overall survival (OS) was 87.9% for etentamig vs. 72.0% for SAT (HR, 0.48; 95% CI: 0.29–0.77; nominal P=0.0012); prespecified efficacy boundary for OS was not crossed at data cutoff.2 With a single step-up dose (SUD) and monthly (Q4W) dosing from initiation, etentamig demonstrated a potentially differentiated safety profile. Grade 3/4 infections occurred in 27.7% and 19.2% of patients receiving etentamig and SAT, respectively. Fewer grade 5 infections occurred with etentamig (1.5%) vs. SAT (3.1%). Among patients receiving a single step-up dose, the incidence of cytokine release syndrome (CRS) was low (28.3%) and predominantly grade 1 (23.9%) with no grade 3 or higher events reported. One patient experienced immune effector cell-associated neurotoxicity syndrome (ICANS) (0.9%, grade 1) with no grade 2 or higher events reported. Discontinuations related to treatment-emergent adverse events were low for etentamig vs. SAT (3.6% vs. 9.6%).2 This was the first planned efficacy interim analysis of the CERVINO study and, based on the significant benefit, the Independent Data Monitoring Committee (IDMC) recommended unblinding the study.

"In this heavily pre-treated, triple-class exposed patient population, etentamig delivered clinically meaningful improvements in progression-free survival and response rates, alongside a manageable safety profile characterized by predominantly low-grade cytokine release syndrome," said Dr. Peter Voorhees, Chief, Plasma Cell Disorders Division at Atrium Health Levine Cancer Institute and an investigator on the CERVINO study. "Together, with its administration and dosing schedule, these findings support etentamig's role as a BCMA-targeted bispecific treatment option for multiple myeloma patients, with the potential to provide access across a range of treatment settings beyond specialized treatment centers and into outpatient and community-based settings."

While BCMA-directed bispecific antibodies and CAR-T therapies have transformed multiple myeloma treatment, their adoption remains limited by adverse events such as CRS, neurotoxicity and infections, as well as the need for specialized monitoring and treatment infrastructure.3,4,5 These may limit access for many patients, particularly in community settings. As the disease relapses and available treatment options become increasingly limited, there remains a critical unmet need for additional therapy options across a range of treatment settings.3,4,5

"The Phase 3 CERVINO results support the scientific approach behind etentamig and demonstrate the value of designing therapies that address both the biology of multiple myeloma and the practical needs of patients and providers through a manageable safety profile, a convenient dosing schedule and the potential for treatment in outpatient and community-based care settings," said Daejin Abidoye, M.D., vice president and therapeutic area head, oncology, solid tumor and hematology, AbbVie. "These results underscore our confidence in etentamig and our broader multiple myeloma strategy, which explores complementary T-cell engagers, targeted small molecules and rational combinations designed to address distinct disease mechanisms and patient needs over time."

AbbVie plans to discuss the Phase 3 CERVINO results with global regulatory authorities to determine next steps for etentamig.

IMS Presentation Details:

Abstract Title

Date/Time

Session

CERVINO: Phase 3 Results of Etentamig
vs. Investigator's Choice of Standard
Available Therapies in Triple-Class
Exposed Relapsed or Refractory Multiple
Myeloma (RRMM)

Friday, September
25, 2026; 3 p.m.

PLENARY SESSION

Etentamig is an investigational asset and has not been approved for use by global regulatory authorities.

About the CERVINO Study1

CERVINO (NCT06158841) is a global, Phase 3, multicenter, randomized, open-label study evaluating etentamig versus investigator's choice of standard available therapies (SAT) in patients with relapsed/refractory multiple myeloma (RRMM) who have received at least two prior lines of therapy, including exposure to a proteasome inhibitor, an immunomodulatory drug and an anti-CD38 monoclonal antibody. Patients were randomized 1:1 to receive etentamig administered once every four weeks (Q4W) or SAT, including carfilzomib plus dexamethasone, elotuzumab plus pomalidomide and dexamethasone, or selinexor plus bortezomib and dexamethasone. Etentamig was administered using an optimized dosing strategy that incorporates a single step-up dose followed by monthly (Q4W) dosing from initiation.

The dual primary endpoints of CERVINO are overall response rate (ORR) and progression-free survival (PFS). Key secondary endpoints include overall survival (OS), depth of response, measurable residual disease (MRD) negativity, disease symptoms and physical functioning.

About Etentamig

Etentamig is an investigational, second-generation BCMA x CD3 bispecific antibody T-cell engager designed to combine meaningful anti-myeloma activity with a differentiated treatment experience for patients. Etentamig is composed of a low-affinity CD3 binding domain, designed to reduce cytokine release syndrome (CRS) and infections, a high-avidity bivalent BCMA-binding domain, and retained FcRn binding enabling monthly (Q4W) dosing after a single step-up dose. Clinical correlations of these structure-activity relationships have not been fully established.6

BCMA is highly expressed on the surface of malignant plasma cells in multiple myeloma, making it an ideal target for therapy. BCMA plays a crucial role in the survival of myeloma cells by promoting their growth and inhibiting their apoptosis (programmed cell death).5

Several clinical studies are evaluating the potential of etentamig across diverse patient populations and treatment settings. To learn more about AbbVie's ongoing etentamig clinical trials, please visit clinicaltrials.gov.

About AbbVie

AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas including immunology, neuroscience and oncology – and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on LinkedIn, Facebook, Instagram, X and YouTube.

About AbbVie in Oncology

AbbVie is committed to elevating standards of care and bringing transformative therapies to patients worldwide living with difficult-to-treat cancers. We are advancing a dynamic pipeline of investigational therapies across a range of cancer types in both blood cancers and solid tumors. We are focusing on creating targeted medicines that either impede the reproduction of cancer cells or enable their elimination. We achieve this through various, targeted treatment modalities and biology interventions, including small molecule therapeutics, antibody-drug conjugates (ADCs), immuno-oncology-based therapeutics, multispecific antibodies and novel CAR-T platforms. Our dedicated and experienced team joins forces with innovative partners to accelerate the delivery of potential breakthrough medicines. 

Today, our expansive oncology portfolio comprises approved and investigational treatments for a wide range of blood cancers and solid tumors. We are evaluating more than 35 investigational medicines in multiple clinical trials across some of the world's most widespread and debilitating cancers. As we work to have a remarkable impact on people's lives, we are committed to exploring solutions to help patients obtain access to our cancer medicines. For more information, please visit http://www.abbvie.com/oncology. 

Forward-Looking Statements 

Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "project" and similar expressions and uses of future or conditional verbs, generally identify forward-looking statements. AbbVie cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Such risks and uncertainties include, but are not limited to, challenges to intellectual property, competition from other products, difficulties inherent in the research and development process, adverse litigation or government action, changes to laws and regulations applicable to our industry, the impact of global macroeconomic factors, such as economic downturns or uncertainty, international conflict, trade disputes and tariffs, and other uncertainties and risks associated with global business operations. Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie's operations is set forth in Item 1A, "Risk Factors," of AbbVie's 2025 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its Quarterly Reports on Form 10-Q and in other documents that AbbVie subsequently files with the Securities and Exchange Commission that update, supplement or supersede such information. AbbVie undertakes no obligation, and specifically declines, to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.

References:

AbbVie. Data on file ABVRRTI83865. Voorhees P, Manteca V, Costa L, et al. "CERVINO: Phase 3 Results of Etentamig vs. Investigator's Choice of Standard Available Therapies in Triple-Class Exposed Relapsed or Refractory Multiple Myeloma (RRMM)." Abstract presented at International Myeloma Society Annual Meeting, 2026. Glasgow, Scotland. Hej-Ali S, Banwell K, Mohamed H, et al. Toxicities of CAR-T, bispecific antibodies, and antibody-drug conjugates in multiple myeloma: a practical approach to risk mitigation and management. Cancers (Basel). 2026;18(13):2083. doi:10.3390/cancers18132083. Benda M, Reimann P, Willenbacher W, et al. Infectious toxicities associated with bispecific antibodies and CAR-T cells in multiple myeloma: a systematic review. Ann Hematol. Published online June 18, 2026. doi:10.1007/s00277-026-07140-8. Graham T, Ackbarali T, Patel K, Richter J. Integrating bispecific antibodies into community myeloma care: challenges, insights, and educational impact. Blood. 2025;146(suppl 1):8134. doi:10.1182/blood-2025-8134. D'Souza A, Shah N, Rodriguez C, et al. A phase I first-in-human study of ABBV-383, a B-cell maturation antigen × CD3 bispecific T-cell redirecting antibody, in patients with relapsed/refractory multiple myeloma. J Clin Oncol. 2022;40(31):3576-3586. doi:10.1200/JCO.22.01504.  SOURCE AbbVie

A semiconductor industry veteran who survived decades of brutal boom-and-bust cycles is calling an end to that era forever, but buried inside his optimism sits a warning about memory capacity that quietly cuts against the very stocks his words are…

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At Semicon Taiwan this week, Ajit Manocha, president and CEO of SEMI, told Bloomberg that after four decades in the industry, he has seen every kind of cycle and now sees a super cycle that only goes up. He pegged semiconductor industry revenue at $1.8 trillion or $2 trillion, credited AI for this decade and quantum for the next, and said every memory company is aggressively adding capacity, according to SEMI.

He said all of this during a week of rising bond yields and geopolitical stress. A man who ran fabs through the worst DRAM busts of the first 20 or 30 years of his career is telling investors those busts are finished. That deserves both listening and interrogation, because his comment about capacity is where the story quietly turns against the very stocks his optimism is pushing higher.

What Manocha Said, and Why the Messenger Matters Ajit Manocha’s framing was direct: “I have been in the industry for four decades and I have seen all kinds of cycles, especially the boom and bust in the first 20 or 30 years of my career. Now we are on a super cycle which is really going up and up only.”

SEMI is the trade association for the semiconductor manufacturing supply chain, and its members sell equipment and materials into every fab in the world. When its chief describes demand as durable, he is relaying what those members see in their order books, which is closer to actual purchase behavior than any strategist’s forecast. It is also directionally biased because a body funded by capacity vendors has every reason to describe capacity buyers as confident.

Memory Is the Real Subject of His Remarks Manocha’s most consequential line was about memory: “Memory demand has picked up a lot. There is need for memory for both storage and the compute. Adding capacity. The good news is, nobody is shy about investing in capacity. Every memory company is very aggressively investing in capacity.”

Micron Technology‘s (NASDAQ:MU | MU Price Prediction) fiscal Q3 is the evidence for the first half of that sentence. Revenue reached $41.46 billion, up 345.72% year over year, at a GAAP gross margin of 84.6%. Sanjay Mehrotra said “DRAM and NAND industry demand continues to significantly exceed industry supply”, with tightness expected beyond calendar 2027, according to SEMI. Shares have followed, up 708.26% over the past year to $956.08. That is the up leg. The second half of his sentence is what produces the down leg.

Capacity Is What Ends Every Memory Cycle Every prior memory cycle ended the same way. Contract prices spike; every producer sanctions a fab; first wafers arrive two to three years later; and new supply lands as the initial demand pulse cools. The lag between the capital decision and the shipment of wafers creates an overshoot because DRAM demand is elastic in the short term and supply is not.

Micron is inside this pattern. Fiscal 2027 quarterly capex will run above the fiscal Q4 pace of roughly $10 billion, and its Idaho ID1 fab is on track for first wafer output in mid-calendar 2027, according to SEMI. Long-term Strategic Customer Agreements soften the risk. Micron has signed 16 Strategic Customer Agreements with take-or-pay commitments and floor prices, covering roughly 20% of Micron’s DRAM volume over the term, according to SEMI. That protects a slice of revenue. It does not stop non-HBM DRAM pricing from rolling over first and pulling sentiment with it.

Is Micron Stock a Buy? The fair comparisons are equipment and compute. Applied Materials (NASDAQ:AMAT), at $438.46, has fallen 15.3% over the past month, even as revenue growth accelerated to 24.83% and CFO Brice Hill said customer visibility now extends through 2030. Equipment earns a toll on every wafer of new capacity, the same mechanism that will eventually pressure Micron. NVIDIA (NASDAQ:NVDA), at $224.41, sells the compute memory attaches to, with data center revenue of $89 billion and non-GAAP gross margin of 75%.

Owning Micron is a bet that memory pricing holds, while owning Applied is a bet that capacity keeps expanding, and owning NVIDIA is a bet on AI compute demand itself. All of that buildout still has to be powered, cooled, and networked by somebody, and we pulled together seven suppliers doing exactly that in a free AI infrastructure report. Manocha leads the association whose members benefit regardless of whether Micron’s margins survive the next supply wave. The SCA structure disclosed in Micron’s fiscal Q3 filing on SEC.gov meaningfully changes the downside.

Contact [email protected] for any questions or corrections.

George Kaiser Family Foundation bought a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,855 shares of the semiconductor manufacturer’s stock, valued at approximately $1,834,000. Broadcom makes up about 0.2% of George Kaiser Family Foundation’s portfolio, making the stock its 26th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. ROSS JOHNSON & Associates LLC raised its stake in shares of Broadcom by 1,320.0% during the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 66 shares in the last quarter. Networth Advisors LLC boosted its stake in shares of Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 71 shares in the last quarter. SWAN Capital LLC grew its holdings in Broadcom by 261.9% during the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 55 shares during the period. Harborfront Financial Group LLC acquired a new position in Broadcom during the second quarter worth $38,000. Finally, Cherry Tree Wealth Management LLC raised its position in Broadcom by 44.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer’s stock worth $45,000 after acquiring an additional 40 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Performance Shares of NASDAQ AVGO opened at $367.24 on Thursday. The company has a market cap of $1.75 trillion, a PE ratio of 61.21, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. The company has a 50-day simple moving average of $384.15 and a 200-day simple moving average of $377.14.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The business had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the firm posted $1.69 earnings per share. The company’s quarterly revenue was up 85.5% compared to the same quarter last year. On average, equities analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current year. Analysts Set New Price Targets A number of equities research analysts have commented on AVGO shares. Evercore reissued an “outperform” rating and issued a $582.00 target price on shares of Broadcom in a report on Tuesday, May 19th. Truist Financial increased their price target on shares of Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 4th. KeyCorp reiterated an “overweight” rating and issued a $575.00 price objective (up from $500.00) on shares of Broadcom in a research note on Thursday, June 4th. Susquehanna reissued a “positive” rating and set a $490.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their target price on shares of Broadcom from $500.00 to $580.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Twenty-nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $491.97.

View Our Latest Research Report on AVGO

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

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.59 billion, up 85.5% year over year, while non-GAAP EPS of $3.32 exceeded the $3.22 analyst consensus. GAAP profit rose sharply to $13.09 billion from $4.14 billion a year earlier. Broadcom third-quarter earnings report Positive Sentiment: AI semiconductor revenue reached $16.7 billion, increasing 221% year over year and 54% sequentially, highlighting strong demand for Broadcom’s custom AI accelerators. The company also generated $13.7 billion in free cash flow and declared a quarterly dividend of $0.65 per share. Broadcom AI semiconductor revenue and guidance Neutral Sentiment: Broadcom guided to approximately $34.8 billion in fourth-quarter revenue, representing 93% year-over-year growth, with non-GAAP operating margin of about 66%. The outlook still implies substantial growth, but management did not provide an EPS forecast in the reported guidance. Negative Sentiment: The fourth-quarter revenue forecast was below Wall Street expectations of roughly $35.0 billion to $35.03 billion. Investors viewed the shortfall as a sign that competition or execution risks could limit further gains from custom AI processors, particularly after the stock’s strong run and premium valuation. Reuters report on Broadcom guidance Negative Sentiment: Broadcom’s elevated valuation—approximately 61 times earnings—left little room for a merely solid outlook. Recent insider activity was also heavily weighted toward selling, although this is a secondary consideration compared with the earnings guidance. Insiders Place Their Bets In other news, Director Gayla J. Delly sold 1,890 shares of Broadcom stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director owned 31,326 shares of the company’s stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the sale, the director directly owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. This represents a 8.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 61,644 shares of company stock valued at $24,016,214. Insiders own 1.90% of the company’s stock.

About Broadcom (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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Foyston Gordon & Payne Inc purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 67,215 shares of the semiconductor manufacturer’s stock, valued at approximately $25,488,000. Broadcom makes up 5.5% of Foyston Gordon & Payne Inc’s investment portfolio, making the stock its 2nd largest position.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Broadcom during the 4th quarter valued at $24,252,196,000. Bank of New York Mellon Corp bought a new stake in Broadcom in the second quarter worth $10,528,191,000. Deutsche Bank AG acquired a new position in Broadcom during the second quarter worth $5,661,216,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Broadcom during the second quarter worth $4,457,583,000. Finally, Cardano Risk Management B.V. raised its holdings in Broadcom by 895.2% during the fourth quarter. Cardano Risk Management B.V. now owns 12,689,800 shares of the semiconductor manufacturer’s stock valued at $4,391,940,000 after buying an additional 11,414,701 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Insider Activity at Broadcom In other Broadcom news, Director Justine Page sold 1,602 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the sale, the director directly owned 17,426 shares in the company, valued at $6,514,884.36. This trade represents a 8.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark David Brazeal sold 25,000 shares of the business’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is owned by insiders.

Broadcom Price Performance Shares of NASDAQ:AVGO opened at $367.24 on Thursday. The company has a market cap of $1.75 trillion, a price-to-earnings ratio of 61.21, a PEG ratio of 0.71 and a beta of 1.44. The business has a 50 day moving average price of $384.15 and a 200 day moving average price of $377.14. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The company had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the previous year, the business posted $1.69 EPS. The company’s revenue for the quarter was up 85.5% on a year-over-year basis. Research analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current year.

Analyst Upgrades and Downgrades Several analysts have recently issued reports on the company. TD Cowen reiterated a “buy” rating and set a $500.00 price target on shares of Broadcom in a research note on Thursday, June 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $525.00 target price on shares of Broadcom in a report on Thursday, June 4th. BMO Capital Markets began coverage on Broadcom in a report on Thursday, August 20th. They set an “outperform” rating and a $455.00 price target on the stock. UBS Group set a $485.00 price target on shares of Broadcom and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, Mizuho boosted their price objective on shares of Broadcom from $480.00 to $530.00 and gave the stock an “outperform” rating in a research note on Thursday, June 4th. Twenty-nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $491.97.

Read Our Latest Stock Analysis on Broadcom

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

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.59 billion, up 85.5% year over year, while non-GAAP EPS of $3.32 exceeded the $3.22 analyst consensus. GAAP profit rose sharply to $13.09 billion from $4.14 billion a year earlier. Broadcom third-quarter earnings report Positive Sentiment: AI semiconductor revenue reached $16.7 billion, increasing 221% year over year and 54% sequentially, highlighting strong demand for Broadcom’s custom AI accelerators. The company also generated $13.7 billion in free cash flow and declared a quarterly dividend of $0.65 per share. Broadcom AI semiconductor revenue and guidance Neutral Sentiment: Broadcom guided to approximately $34.8 billion in fourth-quarter revenue, representing 93% year-over-year growth, with non-GAAP operating margin of about 66%. The outlook still implies substantial growth, but management did not provide an EPS forecast in the reported guidance. Negative Sentiment: The fourth-quarter revenue forecast was below Wall Street expectations of roughly $35.0 billion to $35.03 billion. Investors viewed the shortfall as a sign that competition or execution risks could limit further gains from custom AI processors, particularly after the stock’s strong run and premium valuation. Reuters report on Broadcom guidance Negative Sentiment: Broadcom’s elevated valuation—approximately 61 times earnings—left little room for a merely solid outlook. Recent insider activity was also heavily weighted toward selling, although this is a secondary consideration compared with the earnings guidance. Broadcom Company Profile (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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Key Takeaways Broadcom sees fiscal 2027 AI semiconductor revenues near $115B, supported by secured supply.Customer demand exceeds AVGO's 2027 outlook, but supply and data center readiness will shape deployments.Broadcom expects AI networking revenues to grow as fast as XPUs over the next few years. Broadcom Inc. (AVGO - Free Report) used its fiscal third-quarter 2026 earnings call to extend the AI story through fiscal 2028, while stressing that supply and data center readiness will determine the pace of deployment.

Third-quarter revenues of $29.59 billion and non-GAAP EPS of $3.32 topped the Zacks Consensus Estimate of $29.47 billion and $3.22, respectively. Management focused more on the execution and durability of AI demand than on the quarterly beat.

AVGO Maps an AI Revenue Doubling PathPresident and CEO Hock Tan expects fiscal fourth-quarter AI semiconductor revenues of $21.7 billion, up 236% year over year, and consolidated revenues of $34.8 billion, up 93%. Fiscal 2026 AI revenues are now expected at $58 billion, above the prior $56 billion guidance.

For fiscal 2027, Tan said Broadcom has secured supply to support about $115 billion of AI semiconductor revenues. Customer demand exceeds that outlook, and management plans to work on expanding supply.

Broadcom also outlined about $230 billion of AI semiconductor revenues for fiscal 2028. Tan framed the figures as a growth trajectory and tied realization to actual data center deployment readiness.

Broadcom Details the XPU Customer Ramp-UpCEO Tan said the Google relationship now includes a long-term agreement covering future TPU generations and AI networking, with multi-tens of billions of dollars of TPUs planned annually over the next several years.

Anthropic is expected to deploy another 5 gigawatts of TPU version 8i in 2027 after 1 gigawatt of Ironwood in 2026, followed by an incremental 10 gigawatts in 2028.

OpenAI is on track for 1.3 gigawatts of Jalapeno in 2027 and more than 5 gigawatts in 2028. Meta remains on track for three MTIA generations and 3 gigawatts through 2028.

AVGO Puts Supply Discipline Behind the OutlookA Morgan Stanley analyst asked whether the fiscal 2027 AI outlook could move higher. Tan said customers want more product, but Broadcom based its outlook on secured supply and deployments it believes can be completed.

A Jefferies analyst asked about substrate capacity. Tan said Broadcom plans to begin deploying its Singapore substrate fab in fiscal 2027 to address a key supply bottleneck.

Goldman Sachs and Truist analysts focused on infrastructure constraints. Tan said land, power and shell can dictate timing, while leading-edge wafers, substrates, HBM and system memory add further supply-chain variables.

Broadcom Extends Ethernet Across AI ClustersPresident of Semiconductor Solutions Charlie Kawwas said both 100-gig and 200-gig Tomahawk 6 versions are deployed across AI hyperscalers building XPUs with Broadcom, and among customers using other accelerators.

Kawwas said Tomahawk Ultra is entering scale-up applications in the current quarter and fiscal 2027. He cited deployments across XPU clusters and some GPU clusters, using Ethernet as an open interconnect.

Tan added that AI networking revenues are expected to grow as fast as XPUs over the next few years. Broadcom also taped out Tomahawk 7, its 200-terabit-per-second Ethernet switch.

AVGO Balances Margin Dilution and AI FinancingChief financial officer Amie Thuener guided fiscal fourth-quarter consolidated gross margin to about 73% as XPUs and higher memory content increase their mix. Non-GAAP operating margin is expected near 66%.

Tan reinforced the operating-leverage focus in Q&A, noting that revenue growth is outpacing the operating spending required to support the AI ramp-up. Third-quarter non-GAAP operating margin was 67.9%.

Thuener said the XPV financing platform will be evaluated deal by deal. The first $35 billion tranche supports Anthropic's 1-gigawatt deployment, while future structures may include modest residual-value guarantees.

Broadcom Keeps Execution at the CenterManagement combined aggressive AI capacity plans with explicit execution controls. Customer commitments, secured supply and data center construction schedules shape the fiscal 2027 and 2028 revenue framework.

Broadcom is also funding substrate and optical capacity while protecting operating leverage. The call centered on scaling custom compute and networking together, with supply discipline shaping how quickly demand converts to revenues.

Zacks Signals for AVGOAVGO carries a Zacks Rank #3 (Hold), with a Growth Score of B and Value, Momentum and VGM Scores of D. Zacks' framework treats A and B Style Scores as more favorable, while a Rank #3 can still be held with the same grade hierarchy applied. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The B Growth Score is the strongest Style Score signal, while the D ratings temper the broader profile. The Zacks Rank can change as earnings-estimate revisions incorporate the just-reported results, so the current reading should be viewed as dynamic rather than permanent.

 | Source: Canadian National Railway Company

MONTREAL, Sept. 03, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that it set another a new monthly record for grain movement across its network. In August, CN moved 2.50 million metric tonnes (MMT) of grain from Western Canada, surpassing the previous record of 2.34 MMT set in August 2020.

The record movement marks a strong start to the 2026–27 crop year as the harvest progresses across Western Canada and new grain begins moving through the supply chain. This performance reflects strong customer demand, close collaboration with grain supply chain partners and the consistent execution of CN’s operating plan.

Following a record 2025–26 crop year, CN remains focused on maintaining this momentum through the fall harvest and delivering safe, consistent and reliable service for producers, grain companies and supply chain partners.

CN’s 2026–27 Grain Plan outlines how the Company has prepared its network, resources and operations to support customers through harvest and the year ahead.

About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

Contacts:
 MediaInvestment CommunityAshley MichnowskiJamie LockwoodSenior Manager        Vice-PresidentMedia RelationsInvestor Relations and Special Projects(438) 596-4329(514) 399-0052
[email protected]
[email protected]

DraftKings has shed nearly half its value over the past year while quietly building a Predictions product that went from $2.3 billion to $11 billion in annualized volume in just three months. Whether that pivot justifies a major rebound or…

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DraftKings (NASDAQ:DKNG | DKNG Price Prediction) has been one of 2026’s most disappointing large caps, sliding 31.98% year to date and 51.15% over the past year. With shares at $24.42, bulls are asking whether a 50% rebound is realistic.

Our 24/7 Wall St. price target for DraftKings is $22.56 over the next 12 months, implying -7.69% downside and a hold rating at 90% confidence.

Metric Value Current Price $24.42 24/7 Wall St. Price Target $22.56 Upside/Downside -7.69% Recommendation HOLD Confidence 90% Why We Could Be Wrong Our 24/7 Wall St. price target sits just below the current price, and DraftKings has real optionality. A strong NFL season could reset sportsbook margins, and the Predictions product is growing faster than anticipated with annualized volume traded jumping from $2.3 billion to $11 billion between April and July. Treat our target as one datapoint. A full bull case sits below.

A Rough Year Meets a Predictions Pivot Shares fell 9.11% in the past week and now trade well off the $48.78 52-week high, closer to the $20.46 low. Q2 2026 revenue of $1.44 billion came in missing expectations by 4.48%, and adjusted EPS of $0.09 came in missing expectations against a $0.1917 consensus.

Adjusted EBITDA compressed to $114.60 million from $300.64 million a year earlier as sports outcomes and Predictions launch spend weighed on margins. Management kept FY26 guidance of $6.5 billion to $6.9 billion in revenue and $700 million to $900 million in adjusted EBITDA intact.

Bull Case for $47+ Bulls have a clean story. Robins told investors DraftKings has “an excellent product experience,” and July sportsbook handle was up 20% year over year post World Cup. Customer acquisition costs came in 25% better than anticipated, and more than 600,000 customers have engaged with Predictions year to date.

Wall Street’s average target sits at $34.98, with 24 Buy and 5 Strong Buy ratings. Our own model’s bull case reaches $47.61 in 12 months, roughly 94.85% upside, if Predictions scales into a real second engine and sportsbook margins normalize.

What Could Go Wrong Sportsbook revenue fell 10.6% in Q2, and sports net revenue margin compressed to 6.8% from 8.7%. Sales and marketing surged to $322.54 million.

Bulls would counter that the margin hit reflects customer-friendly outcomes plus a deliberate $200 million to $300 million Predictions investment. Still, the bear scenario in our model prices DKNG at $21.32, roughly -12.76%, if regulatory friction on event contracts intensifies.

How DraftKings Compares to Flutter The cleanest comp is Flutter Entertainment (NYSE:FLUT), which owns FanDuel and competes head-to-head in US sportsbook. Flutter trades at 17x forward earnings against DraftKings at 24x, and its EV/EBITDA of 16 is a fraction of DraftKings’ 119. Flutter’s TTM revenue of $17.16 billion dwarfs DraftKings’ $6.22 billion.

That gap makes our 24/7 Wall St. price target for DKNG look reasonable rather than aggressive: DraftKings already commands a growth premium over the category leader, and further multiple expansion requires proof.

Company Forward P/E EV/EBITDA DraftKings 24 119 Flutter 17 16 DraftKings Price Prediction 2026-2030 My verdict on DraftKings is hold. The 24/7 Wall St. price target of $22.56 at 90% confidence reflects a real disconnect between the current forward EPS profile and today’s price.

I would be a buyer here if Q3 shows sportsbook margin recovery above 7% and Predictions crosses one million active customers. I would stay on the sidelines if promo spend continues climbing without matching handle growth. A 50% rebound is achievable, but only under the bull path.

Year 24/7 Wall St. Price Target 2026 $22.56 2027 $21.84 2028 $21.49 2029 $21.45 2030 $22.17 These projections assume DraftKings continues executing on Predictions and defends sportsbook share. Meaningful upside could arrive from California or Texas legalization, while regulatory action on event contracts could push actual outcomes toward the model’s bear path.

Contact [email protected] for any questions or corrections.

Michael Burry Takes Profits in Veeva. But He Has a Stark Warning for Snowflake Summary

Michael Burry trimmed his Veeva position after the shares rallied sharply while maintaining a bullish view on the software company

Michael Burry (Trades, Portfolio) has kept a bullish stance on Veeva Systems VEEV while reducing part of his holding after a rapid increase in the shares.

Burry disclosed the position earlier this year as part of a broader view that software stocks could recover. He later added to the investment before trimming it as Veeva approached a level he considered a potential barrier for further gains.

The move does not signal that Burry has abandoned the company. His comments indicate that valuation and the speed of the rally influenced the decision to reduce exposure rather than exit the investment.

Burry also raised concerns about Snowflake SNOW, describing its valuation as difficult to justify and pointing to potential long-term risks from cybersecurity developments involving artificial general intelligence and quantum computing.

Snowflake's shares, however, rose more than 23% in premarket trading after its latest results exceeded expectations. The company lifted its fiscal 2027 product-revenue forecast to $6.07 billion, representing 36% annual growth, from $5.84 billion previously.

Burry's Veeva trim may temper sentiment, while Snowflake's stronger outlook could offset valuation concerns.

Also check out:

Michael Burry Undervalued Stocks Michael Burry Top Growth Companies Michael Burry High Yield stocks, and Stocks that Michael Burry keeps buying Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

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Key Takeaways Kratos Defense secured major awards across satellite communications and mission-critical defense hardware.KTOS' 2026 and 2027 EPS estimates rise 50.91% and 37.06%, respectively, year over year.Supply-chain disruptions and a 4.54% ROE remain key headwinds despite KTOS' discounted valuation. Kratos Defense & Security Solutions, Inc.’s (KTOS - Free Report) shares have lost 37% year to date compared with the Zacks Aerospace-Defense Equipment industry’s decline of 4.5%. Kratos Defense is the primary unmanned aerial target drone system provider for the U.S. Air Force, Navy, Army and several allied defense agencies. The company is also expanding in hypersonics, rocket systems, propulsion and microwave electronics.
 

Image Source: Zacks Investment Research

Other defense equipment stocks like Teledyne Technologies (TDY - Free Report) and AeroVironment (AVAV - Free Report) have delivered mixed performance in the said time frame. Shares of Teledyne Technologies have risen 18.7% while those of AeroVironment have lost 39.9%. Teledyne Technologies is benefiting from strong demand in the space market, particularly for infrared detectors, imaging sensors and specialty semiconductors. AeroVironment is benefiting from the growing adoption of unmanned systems by securing major global defense contracts and expanding its portfolio of tactical drones, smart munitions and control software.

Given Kratos Defense’s underperformance, investors may be wondering what lies ahead for the stock. Let’s examine the key factors and assess its investment prospects to help make an informed decision.

Tailwinds for KTOS StockKratos Defense serves the defense industry with products spanning target drones, rocket systems and SRMs, hypersonic vehicles, jet engines for drones and missiles, and virtualized ground systems for satellites. Management noted that defense funding priorities continue to include areas tied to Kratos programs. In second-quarter 2026, consolidated bookings totaled $492.2 million, implying a 1.1 book-to-bill, while the last 12-month book-to-bill was 1.3.

On Sept. 1, 2026, Kratos Defense secured a $20 million-plus contract from an Asian defense customer to provide mobile satellite communications gateways, highlighting growing demand for resilient communications infrastructure in contested environments. For Kratos Defense, the award provides both near-term revenues and a strategic opportunity to expand its Space and communications business in the Asia-Pacific region.

In August 2026, Kratos Defense received an approximately $35 million award for a national security-related military-grade hardware production program, with the hardware and related systems expected to directly support warfighters in the field. The award reinforces its role as a supplier of mission-critical defense hardware across areas such as hypersonics, counter-drone systems, air defense, missiles, radars and directed-energy systems. The contract provides incremental revenues while validating the company’s ability to move advanced defense technologies into large-scale production.

Kratos Defense is expanding production of its Spartan TDI-J85 turbojet engines to support Boeing’s Joint Direct Attack Munition Long Range (JDAM LR) program, following the U.S. Air Force’s recent $75 million production award to Boeing. The JDAM LR is a long-range precision weapon designed to carry a 500-pound-class payload more than 300 nautical miles, with KTOS’ J85 engine providing the propulsion needed to significantly extend the weapon’s range. This moves the Spartan engine from development into higher-volume production and gives the company exposure to a potentially scalable weapons program.

Headwinds for KTOSKratos Defense continues to cite supply-chain disruptions and parts availability as industry issues that can delay material receipts and deliveries. Management’s 2026 outlook explicitly assumes potential manufacturing and supply-chain disruptions, parts shortages and continued cost increases. Inventoried costs increased to $235.9 million as of June 28, 2026, from $188.2 million as of 2025-end, consistent with larger lot purchases and long-lead items. Persistently higher input costs or further supply friction could pressure margins and keep cash conversion below investor expectations.

Estimates for KTOS StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share (EPS) indicates an increase of 50.91% and 37.06%, respectively, year over year. 
 

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Teledyne Technologies’ 2026 and 2027 EPS implies an increase of 12.32% and 8.9%, respectively, year over year. The consensus estimate for AeroVironment’s fiscal 2027 EPS indicates a decrease of 1.8% year over year.  

KTOS’ Earnings Surprise HistoryThe company beat on earnings in each of the trailing four quarters, delivering an average surprise of 32.47%.

Image Source: Zacks Investment Research

KTOS’ Return on Equity Lower Than IndustryThe company’s trailing 12-month return on equity of 4.54% is lower than the industry average of 15.35%. Return on equity, a profitability measure, reflects how effectively a company utilizes its shareholders’ funds to generate income.

Image Source: Zacks Investment Research

KTOS Stock Trades at a DiscountIn terms of valuation, KTOS’ forward 12-month price/sales (P/S) is 4.35X, a discount to the industry’s average of 7.50X.

Image Source: Zacks Investment Research

What Should an Investor Do Now?Kratos Defense is benefiting from sustained defense spending across unmanned systems, hypersonics, propulsion, space communications, and mission-critical defense hardware, with recent awards strengthening its position in these high-growth markets.

Given its current price performance and lower ROE, new investors should wait and look for a better entry point. Investors who already own this stock may continue holding it, given its strong earnings growth. KTOS has a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of AI server leader Super Micro Computer (SMCI -1.51%) rallied 31.3% in August, according to data from S&P Global Market Intelligence.

Super Micro reported its fiscal fourth-quarter results in August, delivering an earnings beat and an impressive outlook for the year ahead. Furthermore, the company completed its internal investigation into the illegal diversion of certain servers to China, in violation of U.S. export controls.

The report cleared senior management of any culpability, as the compliance lapse seems to have been the work of a small number of employees. That report, combined with Super Micro's impressive margins and outlook, appeared to put some lingering worries behind the company's investors.

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Super Micro's gross margins nearly double Beyond Super Micro's corporate governance concerns, the big worry about the company has been its gross margins. Fortunately, Super Micro showed a massive improvement on that front.

June quarter earnings showed revenue up 91.7% year-over-year to $11.1 billion, which is obviously strong growth, though the top line slightly missed analyst expectations. However, Super Micro's adjusted (non-GAAP) earnings per share of $1.70 trounced expectations by a whopping $0.74.

The massive profit beat came thanks to a near-doubling of gross margins, from 9.5% in the year-ago quarter to 17.5%. Of note, Super Micro's traditional target gross margin range before the AI revolution was 14%-17%. However, as super-expensive GPU-based AI server growth took off, Super Micro's gross margins declined into the single digits.

The June quarter appeared to mark a change in the recent trend, with a 17.5% gross margin exceeding even Super Micro's traditional target range. Management attributed the higher gross margin to two main factors: first, a pivot toward enterprise servers, likely for agentic CPU-based workloads. The shift from massive training clusters to more dispersed, agentic inference AI workloads likely gives Super Micro greater pricing power with customers relative to its large, high-volume training-cluster customers, such as Space Exploration Technologies (SPCX +5.46%).

Second, Super Micro attributed the margin improvement in part to the ramp of its data center building block solutions (DCBBS). This is Super Micro's modular data center offering, which delivers faster time-to-market and lower costs through end-to-end standardization of the entire data center infrastructure. Super Micro has said DCBBS is a higher-margin product for the company.

In addition to the margin improvement, Super Micro also forecast revenue of $65 billion to $72 billion for the year ahead. That forward guidance was well above analyst estimates of $53 billion and fiscal 2026 revenues of $39 billion.

Image source: Getty Images.

Aside from earnings, on Aug. 20, Super Micro disclosed that an investigation into the smuggling of some of its servers to China found that senior management had no knowledge of or responsibility for it. The investigation also turned up new recommendations for the company's compliance program going forward.

Finally, Super Micro ended the month with another vote of confidence as enterprise networking giant Cisco announced it was adopting Super Micro's liquid and air-cooled servers as part of its Secure AI Factory offering. The new partnership gave a vote of confidence and helped ease investor fears over Super Micro's governance and technology.

Super Micro remains among the cheapest of AI stocks Even after its strong August run, Super Micro trades for just nine times this year's forward earnings estimates. That ranks it among the cheapest AI hardware stocks.

That undervaluation likely stems from lingering concerns over corporate governance and margins. However, it appears Super Micro made strides in getting past some of those concerns last month. If management keeps up the execution, Super Micro's valuation could climb, on top of its outsize earnings growth, in the quarters ahead.

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of ResMed Inc. ("ResMed" or the "Company") (NYSE: RMD).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether ResMed and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On August 7, 2026, ResMed reported financial results for its fiscal 2026 fourth quarter.  Among other items, ResMed reported lower-than-expected adjusted gross margins and operating income.  The Company disclosed that it was negatively impacted in the quarter by approximately $42 million worth of field safety notification expenses for its Astral respirators, some of which had a leak issue. 

On this news, ResMed's stock price fell $11.30 per share, or 5.06%, to close at $211.94 per share on August 7, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

Key Takeaways Barrick trades at a discount to peers as its shares retreat amid the recent pullback in gold prices.Barrick's growth projects and strong cash flows support production and shareholder returns.Higher costs and softer 2026 production outlook may weigh on margins and near-term performance. Barrick Mining Corporation (B - Free Report) is currently trading at a forward 12-month earnings multiple of 11.04, a roughly 15% discount when stacked up with the industry average of 12.97X. It is also trading at a discount to its gold mining peers, Agnico Eagle Mines Limited (AEM - Free Report) , Newmont Corporation (NEM - Free Report) and Kinross Gold Corporation (KGC - Free Report) .  Barrick, Newmont and Kinross Gold have a Value Score of B each, while Agnico Eagle has a Value Score of C.

B’s P/E F12M Vs. Industry, NEM, AEM & KGC Image Source: Zacks Investment Research

B stock has lost its shine lately, with a pullback in gold prices, losing nearly 6% in a week. Despite this retreat, its shares are up 15.5% in the past month.

Barrick has underperformed the Zacks Mining – Gold industry’s rise of 23% while outperforming the S&P 500’s decline of 2%. Newmont, Kinross Gold and Agnico Eagle have rallied 28.1%, 28.3% and 30.6%, respectively, over a month.

B’s One-month Price Performance Image Source: Zacks Investment Research

B stock broke above its 50-day simple moving average (SMA) on Aug. 5, 2026, thanks to a rebound in gold prices. It also crossed its 200-day SMA on Aug. 18, 2026, and subsequently accelerated sharply before pulling back. Following the recent declines, the stock is again approaching the 200-day SMA. The pullback reflects renewed pressure on gold prices from higher oil prices and rising rate-hike expectations. The 50-day SMA has been below the 200-day SMA since a death crossover on June 23, 2026, signaling bearish momentum.

B Trades Above 50-Day SMA Image Source: Zacks Investment Research

Let’s take a look at Barrick’s fundamentals to better analyze how to play the stock.

Growth Projects to Underpin Production Upside for BarrickBarrick is well-positioned to capitalize on advancements across its key growth projects, which are expected to meaningfully boost production. Its major gold and copper initiatives, including Goldrush, the Pueblo Viejo plant expansion and mine life extension, Fourmile and Lumwana Super Pit, are progressing on schedule and within budget, setting the stage for the next wave of profitable output.

The Goldrush mine is ramping up to the targeted 400,000 ounces of production per annum by 2028. Bordering Goldrush is the Fourmile project, which is yielding grades double those of Goldrush and is anticipated to become another Tier One mine. Barrick has announced the advancement of its planned IPO of a new company that will hold its North American gold assets and the Fourmile project, in which it will hold a significant controlling interest. Newmont also consented to Barrick’s planned North American IPO.

The $2-billion Super Pit Expansion Project at Barrick’s Lumwana mine is progressing steadily, accelerating its shift into a Tier One copper mine. Barrick stated that the Lumwana expansion is the result of a significant turnaround, transforming the mine from an underperforming asset into a vital part of both its global copper portfolio and Zambia’s long-term development strategy. The expansion is expected to produce 240,000 tons of copper annually. First copper from the expansion is targeted by the end of the first quarter of 2028.

Robust Liquidity & Cash Flows Back B’s Capital AllocationBarrick has a solid liquidity position and generates healthy cash flows, positioning it well to take advantage of attractive development, exploration and acquisition opportunities, drive shareholder value and reduce debt. As of June 30, 2026, the company held roughly $5.9 billion of cash against $4.7 billion of debt, leaving $1.2 billion of net cash. It also had an undrawn $3 billion revolving credit facility and no meaningful debt maturities until 2033.

Attributable free cash flow reached $1.35 billion in the first half of 2026, up 211% year over year. Barrick returned $1.5 billion to its shareholders in the second quarter, including $1.21 billion of share repurchases under its $3 billion authorization. Barrick offers a dividend yield of 1.6% at the current stock price. Its payout ratio is 20%, with a five-year annualized dividend growth rate of roughly 14.3%.

Favorable gold prices should translate into higher realized prices, leading to strong profit margins and free cash flow generation for Barrick. While gold prices have eased from the record highs logged earlier this year, they remain supportive.

Bullion has come under renewed pressure after hitting a more than three-month high near $4,650 per ounce in late August 2026. Prices fell to a more than three-week low near $4,300 an ounce yesterday. A spike in oil prices amid heightened U.S.-Iran tensions intensified inflation concerns, while higher Treasury yields and a stronger dollar reduced gold's appeal. These, combined with increased expectations for a U.S. interest rate hike, weighed on gold. Nonetheless, bullion prices have again climbed above $4,400 an ounce as the greenback and Treasury yields eased from recent highs.

Barrick Hamstrung by Higher Production CostsBarrick is challenged by higher costs, which may weigh on its margins. Its total cash costs per ounce of gold and all-in-sustaining costs (AISC) increased around 15% and 11% year over year, respectively, in the second quarter. Both also rose sequentially. AISC of $1,866 increased from the year-ago quarter due to higher total cash costs per ounce. Higher fuel prices began affecting costs in the second quarter, although management said operating efficiencies mitigated some of the impact.

For 2026, Barrick projects AISC in the range of $1,760-$1,950 per ounce, indicating a significant year-over-year increase at the midpoint compared with $1,637 in 2025. Cash costs per ounce are forecast to be $1,330-$1,470, up from $1,199 in 2025.

Tepid Production View Dampens B’s ProspectsBarrick’s operating execution improved in the second quarter, but the full-year gold outlook implies no growth from 2025. It maintained 2026 attributable gold production guidance of 2.9-3.25 million ounces versus 3.26 million ounces produced in 2025. This leaves full-year delivery dependent on continued second-half execution across several operations despite production tracking slightly ahead of plan at midyear.

What B’s Earnings Estimates IndicateThe Zacks Consensus Estimate for B’s 2026 earnings per share has been revised lower over the past 60 days. The consensus estimate for 2026 earnings implies a year-over-year rise of 47.1%.

Image Source: Zacks Investment Research

Conclusion: Hold Onto B SharesBarrick’s initiatives to boost production, its strong balance sheet, attractive valuation and healthy dividend yield present a favorable setup. Despite the recent retreat, still-favorable gold prices should further aid margins and cash flows. Higher production costs and a soft production outlook, however, call for caution. Therefore, retaining this Zacks Rank #3 (Hold) stock will be prudent for investors who already own it.

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

Key Takeaways MarketAxess is diversifying beyond U.S. credit as international markets and new trading protocols expand.MKTX's revenues outside U.S. credit rose 9%, offsetting a 9% decline in U.S. credit commission revenues.MarketAxess faces risks from trading volumes, investment costs and a forward P/E above the industry average. MarketAxess Holdings Inc. (MKTX - Free Report) is a leading multi-dealer electronic trading platform that provides institutional investors with access to global liquidity across products including U.S. high-grade and high-yield corporate bonds, emerging markets, Eurobonds and other fixed-income securities.

MarketAxess’ growth is driven by strong trading volumes, international expansion, new trading protocols, strategic acquisitions and partnerships, and robust cash generation that support continued investment and shareholder returns. Over the past three months, shares of MKTX have gained 35%, outperforming the industry’s 7.1% growth. MKTX currently carries a Zacks Rank #3 (Hold).

Where Do Estimates for MKTX Stand?The Zacks Consensus Estimate for MKTX’s 2026 earnings is pegged at $8.06 per share, indicating a 9.1% year-over-year rise, which has remained stable over the past seven days. The consensus mark for revenues is pegged at $896.57 million for 2026, implying a 5.9% year-over-year increase. MKTX beat earnings estimates in each of the past four quarters, with an average surprise of 4.6%.

MarketAxess Holdings Inc. Price, Consensus and EPS SurpriseMKTX’s Growth DriversMarketAxess’ continued expansion beyond its core U.S. credit business represents an important growth factor, as international markets and newer electronic trading protocols are helping diversify revenue growth. In the second quarter of 2026, revenues outside U.S. credit increased 9%, while strong activity in emerging markets and alternative trading channels supported continued expansion. However, overall revenues remained relatively flat year over year and U.S. credit commission revenues declined 9%, highlighting the importance of diversification in offsetting weakness in the company’s traditional U.S. credit business.

MarketAxess’ continued investment in platform innovation, proprietary data and AI is an important growth factor because it can improve trading efficiency, execution quality and client experience. The enhanced X-Pro front end and ongoing technology modernization support a more scalable platform, while MarketAxess’ proprietary data provides a strong foundation for AI-driven analytics. Its global network generated more than $5 trillion of notional inquiry information and $34 trillion of notional response information in 2025, giving the company a differentiated data asset that can support further development of analytics and trading solutions.

MarketAxess is also expanding its platform capabilities into new electronic trading and connectivity opportunities, creating additional avenues for future growth. The RFQ Hub acquisition strengthens its technology and connectivity capabilities, while the DirectBooks partnership supports the development of an integrated new-issue trading solution. These initiatives broaden the functionality of the platform and allow MarketAxess to capture trading activity beyond its established markets.

MKTX maintains a strong financial position, supported by substantial cash reserves and healthy profitability. It concluded second-quarter 2026 with $245.8 million in cash and cash equivalents, coupled with minimal operating lease liabilities of $63 million. Profitability also remains healthy. Its trailing 12-month return on equity (ROE) is 22.5%, well above the industry average of 14.1%. This reflects efficient use of shareholder capital.

MKTX’s Key RisksThere are some factors, however, which investors should keep an eye on.

MarketAxess’ performance remains sensitive to institutional fixed-income trading activity. Lower volatility, tighter spreads or subdued market volumes could reduce transaction-based revenues. The company continues investing in technology, automation and platform development, which could increase costs and pressure margins. Though second-quarter 2026 showed expense discipline, with total expenses rising only 1% year over year, sustained investment requirements could continue to weigh on profitability.

The company’s valuation also remains relatively elevated. MarketAxess currently has a forward 12-month P/E of 19.08X, above the industry average of 13.81X, leaving less room for disappointment if growth or profitability falls short of expectations.

Key PicksSome better-ranked stocks in the broader Finance space are Morgan Stanley (MS - Free Report) and The Goldman Sachs Group, Inc. (GS - Free Report) , both sporting a Zacks Rank #1 (Strong Buy) at present, and JPMorgan Chase & Co. (JPM - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Morgan Stanley’s 2026 earnings is pegged at $12.79 per share, which has witnessed eight upward revisions in the past 60 days, with no movement in the opposite direction. MS beat earnings estimates in each of the trailing four quarters, with the average surprise being 19.4%. The consensus estimate for 2026 revenues is pinned at $81.87 billion, implying 15.9% year-over-year growth.

The Zacks Consensus Estimate for Goldman Sachs’s 2026 earnings is pegged at $68.89 per share, which has witnessed seven upward revisions in the past 60 days, with no movement in the opposite direction. GS beat earnings estimates in each of the trailing four quarters, with the average surprise being 20.4%. The consensus estimate for 2026 revenues is pinned at $70.58 billion, implying 21.1% year-over-year growth.

The Zacks Consensus Estimate for JPMorgan’s 2026 earnings is pegged at $24.93 per share, which has witnessed six upward revisions in the past 60 days, with no movement in the opposite direction. JPM beat earnings estimates in each of the trailing four quarters, with the average surprise being 7.3%. The consensus estimate for 2026 revenues is pinned at $206.63 billion, implying 13.3% year-over-year growth.

, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Primoris Services Corporation ("Primoris" or the "Company") (NYSE: PRIM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

The class action concerns whether Primoris and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

You have until September 21, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Primoris securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.   

[Click here for information about joining the class action]

On February 23, 2026, Primoris issued a press release reporting its fourth-quarter and full-year 2025 financial results.  In the press release, Primoris disclosed increased costs on certain renewable energy projects, more challenging-than-anticipated soil conditions, and margin compression within its Energy segment, acknowledging that these issues adversely affected fourth-quarter profitability despite higher revenue.  

On this news, Primoris's stock price fell $13.72 per share, or 8.28%, to close at $151.92 per share on February 24, 2026. 

Then, on May 5, 2026, Primoris issued a press release reporting its financial results for the first quarter of 2026.  In the press release, Primoris disclosed additional adverse developments affecting its renewable energy business, including revenue and margin pressure, delayed project starts, and weaker-than-expected first-quarter 2026 results.  The Company also reduced its full-year 2026 Adjusted EPS guidance from $5.80-$6.00 to $4.80-$5.00 and lowered its Adjusted EBITDA guidance.  

On this news, Primoris's stock price fell $101.69 per share, or 50.11%, to close at $101.23 per share on May 6, 2026. 

Then, on June 8, 2026, Primoris issued a press release announcing that Anthony Vorderbruggen, the Company's President of Renewables, was departing Primoris, effective immediately. 

On this news, Primoris's stock price fell $18.92 per share, or 15.4%, to close at $103.90 per share on June 9, 2026. 

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

On this news, Primoris's stock price fell $23.39 per share, or 21.59%, to close at $84.95 per share on June 23, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980 

SOURCE Pomerantz LLP