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Dimensional Fund Advisors LP lowered its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 990,200 shares of the company’s stock after selling 18,970 shares during the quarter. Dimensional Fund Advisors LP owned about 2.26% of FirstCash worth $186,175,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of FirstCash by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company’s stock valued at $2,761,000 after acquiring an additional 1,021 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of FirstCash by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock valued at $46,866,000 after acquiring an additional 34,364 shares in the last quarter. Jane Street Group LLC lifted its stake in FirstCash by 237.2% during the first quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock worth $7,467,000 after purchasing an additional 43,653 shares during the last quarter. American Century Companies Inc. lifted its stake in FirstCash by 4.9% during the second quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock worth $1,917,000 after purchasing an additional 666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in FirstCash by 67.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company’s stock worth $2,821,000 after purchasing an additional 8,402 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Price Performance Shares of FCFS opened at $195.06 on Friday. FirstCash Holdings, Inc. has a 12 month low of $119.21 and a 12 month high of $235.97. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.42. The stock has a fifty day moving average price of $219.55 and a 200 day moving average price of $201.09. The company has a market cap of $8.55 billion, a P/E ratio of 22.27 and a beta of 0.53.

FirstCash (NASDAQ:FCFS – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.11. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The firm’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. On average, research analysts forecast that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current year.

FirstCash Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 14th. FirstCash’s dividend payout ratio (DPR) is 19.18%.

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

Positive Sentiment: FirstCash posted record second-quarter results, with EPS of $2.50 beating estimates of $2.39 and revenue of $1.07 billion topping the $1.03 billion consensus. Management also said pawn demand helped drive a 58% increase in GAAP EPS and a 40% increase in adjusted EPS. Article Title Positive Sentiment: The company declared a quarterly dividend of $0.42 per share, signaling continued cash generation and shareholder returns. Article Title Positive Sentiment: FirstCash also authorized a new $150 million share repurchase plan after completing its prior program, which can support earnings per share and investor confidence. Article Title Neutral Sentiment: Short-interest data showed no meaningful short position reported, so it does not add a clear new catalyst for the shares. Wall Street Analysts Forecast Growth Several research firms have weighed in on FCFS. TD Cowen boosted their target price on shares of FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Weiss Ratings downgraded shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. Zacks Research downgraded shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Canaccord Genuity Group lifted their price target on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.25.

Get Our Latest Stock Report on FirstCash

Insiders Place Their Bets In related news, insider Howard F. Hambleton sold 3,000 shares of FirstCash stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total value of $679,230.00. Following the sale, the insider directly owned 32,406 shares in the company, valued at $7,337,042.46. This trade represents a 8.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Thomas Brent Stuart sold 10,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $228.49, for a total transaction of $2,284,900.00. Following the transaction, the chief operating officer directly owned 140,846 shares of the company’s stock, valued at $32,181,902.54. The trade was a 6.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 27,500 shares of company stock worth $6,243,104. 2.86% of the stock is owned by company insiders.

FirstCash Company Profile (Free Report)

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.

Featured Articles Five stocks we like better than FirstCash Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding FCFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report).

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Posted by Defense World Staff on Jul 26th, 2026

ExlService (NASDAQ:EXLS – Get Free Report) is expected to be posting its Q2 2026 results after the market closes on Tuesday, July 28th. Analysts expect the company to post earnings of $0.55 per share and revenue of $573.9410 million for the quarter. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. Interested persons can find conference call details on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Wednesday, July 29, 2026 at 10:00 AM ET.

ExlService (NASDAQ:EXLS – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $570.35 million for the quarter, compared to analyst estimates of $557.67 million. ExlService had a net margin of 11.66% and a return on equity of 28.50%. ExlService’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. On average, analysts expect ExlService to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ExlService Trading Up 2.9% Shares of EXLS stock opened at $27.67 on Friday. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.17 and a beta of 0.84. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. ExlService has a fifty-two week low of $24.85 and a fifty-two week high of $47.11. The firm’s 50 day moving average price is $27.98 and its two-hundred day moving average price is $31.33.

Analyst Ratings Changes A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Barrington Research reaffirmed an “outperform” rating and set a $40.00 price target on shares of ExlService in a research report on Thursday, June 25th. TD Cowen reiterated a “buy” rating and issued a $39.00 price target (down from $45.00) on shares of ExlService in a report on Thursday, July 9th. Finally, Weiss Ratings lowered ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.50.

Read Our Latest Stock Analysis on EXLS

Insider Buying and Selling In other news, EVP Ajay Ayyappan sold 5,093 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $29.11, for a total value of $148,257.23. Following the completion of the transaction, the executive vice president directly owned 48,994 shares in the company, valued at approximately $1,426,215.34. This represents a 9.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikas Bhalla sold 12,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.22, for a total transaction of $362,640.00. Following the sale, the insider directly owned 153,295 shares of the company’s stock, valued at approximately $4,632,574.90. The trade was a 7.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.66% of the company’s stock.

Hedge Funds Weigh In On ExlService A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Graham Capital Management L.P. acquired a new position in shares of ExlService in the fourth quarter worth about $238,000. Quarry LP grew its stake in ExlService by 55.6% during the 3rd quarter. Quarry LP now owns 5,260 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 1,880 shares in the last quarter. Aster Capital Management DIFC Ltd increased its holdings in ExlService by 82.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 5,396 shares of the business services provider’s stock worth $229,000 after purchasing an additional 2,439 shares during the last quarter. Aristides Capital LLC purchased a new stake in ExlService during the 4th quarter worth approximately $209,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of ExlService in the 4th quarter valued at approximately $145,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

About ExlService (Get Free Report)

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.

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Posted by Defense World Staff on Jul 26th, 2026

Iron Mountain Incorporated (NYSE:IRM – Get Free Report) traded up 5% during mid-day trading on Friday . The company traded as high as $131.09 and last traded at $130.72. Approximately 72,907 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 1,759,032 shares. The stock had previously closed at $124.55.

Analyst Upgrades and Downgrades IRM has been the topic of a number of recent research reports. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Wells Fargo & Company upped their price objective on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings downgraded shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Barclays raised their target price on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. boosted their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.33.

Read Our Latest Report on IRM

Iron Mountain Price Performance The stock’s 50 day moving average price is $125.31 and its two-hundred day moving average price is $112.45. The firm has a market capitalization of $38.18 billion, a price-to-earnings ratio of 141.03 and a beta of 1.19.

Iron Mountain (NYSE:IRM – Get Free Report) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. Iron Mountain’s revenue was up 21.5% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. As a group, equities research analysts anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current fiscal year.

Iron Mountain Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were paid a $0.864 dividend. The ex-dividend date was Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. Iron Mountain’s payout ratio is presently 380.22%.

Insider Buying and Selling at Iron Mountain In other Iron Mountain news, CAO Daniel Borges sold 7,189 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total value of $902,219.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $122.83, for a total value of $4,725,761.42. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,725,761.42. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 137,260 shares of company stock worth $17,361,672 in the last ninety days. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Iron Mountain A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BDFS Capital LLC acquired a new position in shares of Iron Mountain in the 4th quarter worth approximately $340,000. Allstate Corp boosted its stake in Iron Mountain by 105.1% in the 4th quarter. Allstate Corp now owns 22,427 shares of the financial services provider’s stock valued at $1,860,000 after buying an additional 11,492 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Iron Mountain in the 4th quarter valued at $1,262,000. Intact Investment Management Inc. grew its position in Iron Mountain by 103.4% in the fourth quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider’s stock valued at $5,939,000 after acquiring an additional 36,400 shares during the period. Finally, Tectonic Advisors LLC grew its position in Iron Mountain by 9.7% in the fourth quarter. Tectonic Advisors LLC now owns 162,777 shares of the financial services provider’s stock valued at $13,502,000 after acquiring an additional 14,402 shares during the period. Institutional investors own 80.13% of the company’s stock.

About Iron Mountain (Get Free Report)

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.

Further Reading Five stocks we like better than Iron Mountain Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.

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Alua Capital Management LP bought a new position in shares of nVent Electric PLC (NYSE:NVT – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 231,600 shares of the company’s stock, valued at approximately $27,394,000. nVent Electric comprises 2.4% of Alua Capital Management LP’s holdings, making the stock its 11th biggest position. Alua Capital Management LP owned about 0.14% of nVent Electric at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Kestra Private Wealth Services LLC bought a new stake in shares of nVent Electric in the 4th quarter worth approximately $599,000. Swedbank AB bought a new stake in shares of nVent Electric during the fourth quarter valued at approximately $59,312,000. Katamaran Capital LLP bought a new stake in shares of nVent Electric during the fourth quarter valued at approximately $2,171,000. Dougherty & Associates LLC acquired a new position in shares of nVent Electric in the fourth quarter valued at $987,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of nVent Electric by 103.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 19,139 shares of the company’s stock valued at $1,952,000 after purchasing an additional 9,734 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In Several equities research analysts have issued reports on NVT shares. Roth Capital reissued a “buy” rating and issued a $185.00 price target on shares of nVent Electric in a report on Friday. Clear Str raised shares of nVent Electric to a “strong-buy” rating in a report on Monday, July 13th. Citigroup lifted their target price on shares of nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $187.00 target price on shares of nVent Electric in a research note on Monday, May 4th. Finally, Royal Bank Of Canada increased their price target on shares of nVent Electric from $180.00 to $193.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, nVent Electric currently has a consensus rating of “Buy” and an average target price of $190.57.

Check Out Our Latest Stock Report on nVent Electric

nVent Electric Trading Down 4.6% Shares of NVT stock opened at $151.51 on Friday. The company has a market capitalization of $24.50 billion, a P/E ratio of 50.33, a P/E/G ratio of 1.44 and a beta of 1.36. nVent Electric PLC has a 12-month low of $77.09 and a 12-month high of $184.64. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $163.72 and a 200 day moving average price of $137.55.

nVent Electric (NYSE:NVT – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company earned $0.67 EPS. nVent Electric’s revenue for the quarter was up 53.5% on a year-over-year basis. nVent Electric has set its Q2 2026 guidance at 1.120-1.150 EPS and its FY 2026 guidance at 4.450-4.550 EPS. Research analysts forecast that nVent Electric PLC will post 4.56 earnings per share for the current fiscal year.

nVent Electric Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 annualized dividend and a yield of 0.6%. nVent Electric’s dividend payout ratio is currently 27.91%.

nVent Electric announced that its board has approved a share repurchase program on Saturday, May 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at nVent Electric In other nVent Electric news, EVP Aravind Padmanabhan sold 15,942 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $174.00, for a total transaction of $2,773,908.00. Following the completion of the sale, the executive vice president directly owned 23,243 shares of the company’s stock, valued at approximately $4,044,282. The trade was a 40.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lynnette R. Heath sold 27,471 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $167.59, for a total transaction of $4,603,864.89. Following the completion of the transaction, the executive vice president directly owned 37,089 shares in the company, valued at $6,215,745.51. This trade represents a 42.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 87,685 shares of company stock worth $14,961,768. Corporate insiders own 1.70% of the company’s stock.

About nVent Electric (Free Report)

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.

Further Reading Five stocks we like better than nVent Electric Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding NVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for nVent Electric PLC (NYSE:NVT – Free Report).

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Posted by Defense World Staff on Jul 26th, 2026

Checchi Capital Advisers LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 5.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 188,065 shares of the computer hardware maker’s stock after purchasing an additional 9,606 shares during the quarter. NVIDIA makes up approximately 1.7% of Checchi Capital Advisers LLC’s holdings, making the stock its 4th biggest holding. Checchi Capital Advisers LLC’s holdings in NVIDIA were worth $32,798,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Lifetime Wealth Management P.C. acquired a new stake in shares of NVIDIA during the fourth quarter worth $26,000. Longview Financial Advisors Inc. bought a new position in shares of NVIDIA in the 1st quarter worth about $27,000. Longfellow Investment Management Co. LLC boosted its holdings in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares during the period. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA during the 2nd quarter valued at about $40,000. Finally, Inspire Investing LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA In other NVIDIA news, Director John Dabiri sold 625 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the transaction, the director directly owned 14,163 shares of the company’s stock, valued at approximately $3,030,882. This trade represents a 4.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the transaction, the director owned 116,135 shares in the company, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,901,125 shares of company stock valued at $410,583,015. 3.94% of the stock is owned by corporate insiders.

NVIDIA Stock Down 0.9% NVDA stock opened at $206.84 on Friday. NVIDIA Corporation has a 52 week low of $164.07 and a 52 week high of $236.54. The company has a market capitalization of $5.01 trillion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 0.40 and a beta of 2.21. The firm’s 50-day moving average is $207.85 and its two-hundred day moving average is $195.81. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business had revenue of $81.61 billion during the quarter, compared to analysts’ expectations of $78.42 billion. During the same period last year, the firm posted $0.81 earnings per share. The business’s revenue was up 85.2% on a year-over-year basis. On average, analysts forecast that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has authorized a share buyback plan on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

NVIDIA Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, June 4th. NVIDIA’s payout ratio is currently 15.31%.

Key Stories Impacting NVIDIA Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: NVIDIA announced a joint AI research lab with KAIST in Seoul, a $300 million collaboration that will fund researchers, internships, and AI infrastructure to advance agentic AI in South Korea. NVIDIA and KAIST Launch Joint AI Research Lab to Accelerate AI Innovation in Korea Positive Sentiment: The company also struck a $1.5 billion partnership with Amkor to expand advanced semiconductor packaging and test capacity in the U.S., reinforcing NVIDIA’s AI supply chain and manufacturing footprint. Nvidia, Amkor strike $1.5 billion chip packaging deal Positive Sentiment: Jensen Huang and NVIDIA joined Microsoft, Meta, and others in publicly backing open-source AI models, which could support broader AI adoption and future demand for NVIDIA GPUs. Nvidia, Microsoft and other tech giants back open-source AI models Positive Sentiment: Several technical reports say NVDA is holding support and may be forming a bullish inverse head-and-shoulders pattern, while other analysts point to a breakout above the 50-day moving average as a possible catalyst. NVIDIA Corp. (NVDA) Price Forecast: Can NVDA Break Above Key Resistance? Neutral Sentiment: Institutional filings show continued buying from some funds, but insider activity remains dominated by sales, which keeps sentiment mixed rather than decisively bullish. Fund Update: 337,821 NVIDIA (NVDA) shares added to COMGEST GLOBAL INVESTORS S.A.S. portfolio Negative Sentiment: Broader semiconductor shares have pulled back as investors take profits and worry about AI valuation levels and heavy capex spending, which has weighed on NVIDIA along with the rest of the AI trade. Semiconductor Crossroads: Healthy Consolidation or Deeper Repricing? Negative Sentiment: News flow also highlights investor rotation out of the biggest AI winners and concerns that the “Magnificent 7” are digesting a surge in AI infrastructure spending, creating near-term pressure on NVDA despite strong long-term demand. Magnificent 7 stocks shed hundreds of billions amid AI spending fears Wall Street Analyst Weigh In A number of brokerages have issued reports on NVDA. Barclays reissued an “overweight” rating on shares of NVIDIA in a report on Thursday, May 21st. BTIG Research began coverage on NVIDIA in a report on Wednesday, April 15th. They set a “buy” rating for the company. Daiwa Securities Group increased their price target on NVIDIA from $215.00 to $255.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. TD Cowen reissued a “buy” rating and issued a $275.00 price target (up from $235.00) on shares of NVIDIA in a report on Friday, May 15th. Finally, Rothschild & Co Redburn boosted their price objective on NVIDIA from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $304.26.

Read Our Latest Research Report on NVDA

NVIDIA Company Profile (Free Report)

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

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

Featured Stories Five stocks we like better than NVIDIA Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24

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Netflix (NFLX +1.73%) shares fell 8% after its second-quarter report on July 16, yet the streaming giant is on pace for its most profitable year ever. The company spent nearly $5 billion on stock buybacks, its largest quarterly repurchase activity on record, and management reloaded its buyback authorization to $27 billion.

All of this comes at a time when investors appear disinterested, even as shares trade for less than 20 times earnings. The stock is down nearly 50% from last year's high, weighed down by a valuation rerating and concerns that user engagement is softening against rising competition from short-form video, podcasts, gaming, and other streamers.

Image source: The Motley Fool.

A maturing model Management argued on the earnings call last week that raw viewing hours don't tell the whole story, and its Q2 shareholder letter described engagement as healthy. Management continues to expect revenue growth of 13% to 14% and an operating margin of 31.5% for the full year. That's more than 1,000 basis points of margin expansion over the past three years.

The company's cash flow profile is strengthening as revenue growth outpaces content spending growth. Free cash flow is expected to grow by more than 30% this year to $12.5 billion, up from previous guidance of $11 billion, as margins continue to expand. Given the stock's performance of late, long-term Netflix shareholders are understandably left scratching their heads.

Management also noted that recent price increases in key markets, such as the U.S. and Mexico, have "gone well." The $8.99 ad-supported subscription plan provides an affordable entry point, and the company expects ad revenue to roughly double to $3 billion in 2026. That's still just 6% of revenue, but it carries higher incremental margins than the core subscription business, giving the margin story more room to run.

Today's Change

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70.08

The battle for attention Concerns surrounding user engagement were circulating heading into the report. On the earnings call, management pushed back on these concerns, arguing that engagement had improved slightly in the first half of the year. Still, the company's decision to move its detailed engagement report from a semi-annual to an annual release raises questions, especially after it stopped reporting subscriber metrics last year.

The rising competition for eyeballs and content quality are factors that have weighed on the stock. According to Nielsen, YouTube now captures roughly 13.5% of U.S. television viewing, well above Netflix's estimated 8% share. Netflix competes for viewing time, not only with other streamers, but with free alternatives like short-form video and podcasts.

More importantly, the consumer market for artificial intelligence (AI) is still in the early innings, creating further uncertainty around what the competitive landscape will look like in a few years.

That said, at 19 times forward earnings, the risk/reward has shifted. The stock hasn't been this attractively priced in a long time. While the engagement story is far from settled, a high-quality platform like Netflix is worth investing in at a below-market multiple.

CI Investments Inc. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 744,679 shares of the financial services provider’s stock after selling 63,548 shares during the period. JPMorgan Chase & Co. comprises 1.1% of CI Investments Inc.’s portfolio, making the stock its 16th largest holding. CI Investments Inc.’s holdings in JPMorgan Chase & Co. were worth $219,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Timmons Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $27,000. MBM Wealth Consultants LLC purchased a new position in JPMorgan Chase & Co. in the 1st quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $32,000. Osbon Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $35,000. Finally, Turning Point Benefit Group Inc. acquired a new position in JPMorgan Chase & Co. during the third quarter worth $35,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co. In related news, CFO Jeremy Barnum sold 3,022 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total value of $935,037.02. Following the completion of the transaction, the chief financial officer owned 32,438 shares of the company’s stock, valued at approximately $10,036,641.58. The trade was a 8.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the completion of the transaction, the general counsel owned 46,428 shares in the company, valued at approximately $13,940,935.56. This trade represents a 10.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 18,876 shares of company stock valued at $5,907,051. 0.41% of the stock is owned by insiders.

Trending Headlines about JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:

Positive Sentiment: JPMorgan continues to draw favorable analyst attention, with multiple reports saying it remains a strong long-term and momentum pick for investors. Wall Street Analysts Think JPMorgan Chase & Co. (JPM) Is a Good Investment: Is It? Positive Sentiment: Recent commentary highlighted JPMorgan’s earnings strength and AI-related growth themes in banking, which supports the view that the company can keep outperforming peers. JPMorgan Sees AI-Powered Growth For Banks; Stock Pops Into Buy Zone After Earnings Growth Positive Sentiment: JPMorgan was also cited as a top momentum candidate and long-term stock pick by Zacks, adding to the bullish sentiment around the shares. Are You Looking for a Top Momentum Pick? Why JPMorgan Chase & Co. (JPM) is a Great Choice Neutral Sentiment: The bank completed $9 billion in debt offerings, which is a routine capital-markets transaction that may help funding flexibility but is not clearly a major near-term catalyst. JPMorgan Chase Raises $9 Billion Through Debt Offerings Neutral Sentiment: JPMorgan’s broader market commentary on oil, Iran-related disruption, and global risks reflects its macro views, but these notes are more informative than directly stock-moving for JPM itself. Here’s what each additional month of Iran-conflict disruption means for oil prices Negative Sentiment: House lawmakers questioned former JPMorgan executive Jes Staley over Epstein-related ties, which keeps reputational and legal-overhang concerns in the background for the bank. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties Analysts Set New Price Targets A number of research firms have commented on JPM. Daiwa Securities Group decreased their target price on JPMorgan Chase & Co. from $340.00 to $328.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Autonomous Res lowered their price objective on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $358.67.

View Our Latest Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Price Performance Shares of NYSE:JPM opened at $352.88 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. The business’s fifty day moving average price is $323.74 and its two-hundred day moving average price is $311.13. The stock has a market cap of $945.55 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $353.37.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $50.72 billion. During the same period in the previous year, the firm posted $4.96 earnings per share. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. On average, analysts forecast that JPMorgan Chase & Co. will post 23.97 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.71%.

About JPMorgan Chase & Co. (Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

Recommended Stories Five stocks we like better than JPMorgan Chase & Co. Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

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Danica Pension Livsforsikringsaktieselskab boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 41.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 260,357 shares of the financial services provider’s stock after acquiring an additional 76,128 shares during the quarter. JPMorgan Chase & Co. comprises about 1.5% of Danica Pension Livsforsikringsaktieselskab’s investment portfolio, making the stock its 15th biggest position. Danica Pension Livsforsikringsaktieselskab’s holdings in JPMorgan Chase & Co. were worth $76,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Timmons Wealth Management LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $32,000. MBM Wealth Consultants LLC bought a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $29,000. Osbon Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $35,000. Finally, Turning Point Benefit Group Inc. bought a new stake in JPMorgan Chase & Co. in the third quarter worth about $35,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 3,022 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the sale, the chief financial officer directly owned 32,438 shares of the company’s stock, valued at $10,036,641.58. The trade was a 8.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total value of $1,641,876.36. Following the completion of the sale, the general counsel owned 46,428 shares of the company’s stock, valued at $13,940,935.56. This represents a 10.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,876 shares of company stock worth $5,907,051 in the last ninety days. 0.41% of the stock is owned by company insiders.

More JPMorgan Chase & Co. News Here are the key news stories impacting JPMorgan Chase & Co. this week:

Positive Sentiment: JPMorgan continues to draw favorable analyst attention, with multiple reports saying it remains a strong long-term and momentum pick for investors. Wall Street Analysts Think JPMorgan Chase & Co. (JPM) Is a Good Investment: Is It? Positive Sentiment: Recent commentary highlighted JPMorgan’s earnings strength and AI-related growth themes in banking, which supports the view that the company can keep outperforming peers. JPMorgan Sees AI-Powered Growth For Banks; Stock Pops Into Buy Zone After Earnings Growth Positive Sentiment: JPMorgan was also cited as a top momentum candidate and long-term stock pick by Zacks, adding to the bullish sentiment around the shares. Are You Looking for a Top Momentum Pick? Why JPMorgan Chase & Co. (JPM) is a Great Choice Neutral Sentiment: The bank completed $9 billion in debt offerings, which is a routine capital-markets transaction that may help funding flexibility but is not clearly a major near-term catalyst. JPMorgan Chase Raises $9 Billion Through Debt Offerings Neutral Sentiment: JPMorgan’s broader market commentary on oil, Iran-related disruption, and global risks reflects its macro views, but these notes are more informative than directly stock-moving for JPM itself. Here’s what each additional month of Iran-conflict disruption means for oil prices Negative Sentiment: House lawmakers questioned former JPMorgan executive Jes Staley over Epstein-related ties, which keeps reputational and legal-overhang concerns in the background for the bank. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties Analyst Upgrades and Downgrades Several research analysts have issued reports on JPM shares. Truist Financial boosted their target price on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Argus increased their price target on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Evercore reissued an “outperform” rating and set a $360.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Jefferies Financial Group set a $350.00 price objective on JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Finally, UBS Group increased their target price on JPMorgan Chase & Co. from $375.00 to $384.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $358.67.

Check Out Our Latest Stock Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Price Performance Shares of JPM stock opened at $352.88 on Friday. The company has a market capitalization of $945.55 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.56 and a beta of 0.99. The company’s 50-day simple moving average is $323.74 and its two-hundred day simple moving average is $311.13. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $353.37. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter in the previous year, the firm posted $4.96 earnings per share. The company’s revenue was up 27.7% on a year-over-year basis. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 23.97 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.71%.

JPMorgan Chase & Co. Profile (Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

Featured Articles Five stocks we like better than JPMorgan Chase & Co. Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

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Posted by Defense World Staff on Jul 26th, 2026

Bank of Nova Scotia lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 51.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,659 shares of the home improvement retailer’s stock after selling 87,817 shares during the quarter. Bank of Nova Scotia’s holdings in Lowe’s Companies were worth $19,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Swiss RE Ltd. purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC purchased a new stake in Lowe’s Companies in the 4th quarter worth $27,000. OLD Second National Bank of Aurora increased its stake in Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 42 shares in the last quarter. Sankala Group LLC bought a new stake in Lowe’s Companies during the fourth quarter valued at about $33,000. Finally, Triumph Capital Management bought a new stake in Lowe’s Companies during the third quarter valued at about $34,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 2.7% Shares of LOW stock opened at $207.35 on Friday. The stock has a market capitalization of $116.26 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 2.62 and a beta of 0.86. Lowe’s Companies, Inc. has a 12-month low of $199.40 and a 12-month high of $293.06. The stock’s 50-day moving average price is $215.22 and its 200-day moving average price is $240.22.

Lowe’s Companies (NYSE:LOW – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, research analysts predict that Lowe’s Companies, Inc. will post 12.48 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Wall Street Analysts Forecast Growth A number of equities analysts have recently weighed in on the company. TD Cowen dropped their price objective on Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. Sanford C. Bernstein decreased their target price on Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Benchmark assumed coverage on Lowe’s Companies in a report on Tuesday, May 12th. They issued a “hold” rating on the stock. HSBC dropped their price target on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. Finally, Wolfe Research set a $254.00 price objective on shares of Lowe’s Companies in a report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $264.57.

View Our Latest Analysis on LOW

Insider Activity at Lowe’s Companies In related news, EVP Margrethe R. Vagell sold 2,500 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the sale, the executive vice president owned 20,220 shares in the company, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares in the company, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is owned by corporate insiders.

About Lowe’s Companies (Free Report)

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

Further Reading Five stocks we like better than Lowe’s Companies Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24

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Posted by Defense World Staff on Jul 26th, 2026

Bank of Nova Scotia lowered its stake in shares of Phillips 66 (NYSE:PSX – Free Report) by 35.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,725 shares of the oil and gas company’s stock after selling 51,775 shares during the quarter. Bank of Nova Scotia’s holdings in Phillips 66 were worth $17,257,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. State of Wyoming lifted its stake in shares of Phillips 66 by 182.6% during the 1st quarter. State of Wyoming now owns 4,833 shares of the oil and gas company’s stock valued at $880,000 after buying an additional 3,123 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Phillips 66 by 8.5% during the 1st quarter. Cetera Investment Advisers now owns 258,194 shares of the oil and gas company’s stock worth $47,038,000 after purchasing an additional 20,322 shares in the last quarter. Prestige Wealth Management Group LLC boosted its stake in Phillips 66 by 76.8% in the 1st quarter. Prestige Wealth Management Group LLC now owns 633 shares of the oil and gas company’s stock worth $115,000 after purchasing an additional 275 shares during the period. Clearwater Capital Advisors LLC bought a new stake in shares of Phillips 66 during the first quarter valued at about $214,000. Finally, First Trust Advisors LP lifted its holdings in shares of Phillips 66 by 40.1% in the first quarter. First Trust Advisors LP now owns 277,463 shares of the oil and gas company’s stock worth $50,548,000 after buying an additional 79,349 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Insider Buying and Selling In related news, Director Kevin Omar Meyers acquired 175 shares of Phillips 66 stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average price of $173.12 per share, with a total value of $30,296.00. Following the transaction, the director directly owned 16,799 shares in the company, valued at approximately $2,908,242.88. This represents a 1.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin J. Mitchell sold 11,021 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $190.03, for a total value of $2,094,320.63. Following the completion of the sale, the chief financial officer directly owned 97,376 shares in the company, valued at approximately $18,504,361.28. This represents a 10.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 41,021 shares of company stock worth $7,195,257. Insiders own 0.40% of the company’s stock.

Phillips 66 Price Performance PSX opened at $206.94 on Friday. The stock has a market capitalization of $82.97 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 0.17 and a beta of 0.69. The stock’s 50 day moving average price is $182.54 and its 200-day moving average price is $168.28. Phillips 66 has a 52-week low of $118.07 and a 52-week high of $216.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.13.

Phillips 66 (NYSE:PSX – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $1.03. The company had revenue of $32.54 billion for the quarter, compared to analysts’ expectations of $35.86 billion. Phillips 66 had a net margin of 2.99% and a return on equity of 10.98%. Phillips 66’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.90) earnings per share. On average, equities research analysts predict that Phillips 66 will post 22.43 EPS for the current year.

Phillips 66 Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $1.27 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.5%. Phillips 66’s dividend payout ratio (DPR) is currently 50.05%.

Analyst Upgrades and Downgrades PSX has been the subject of several analyst reports. Weiss Ratings downgraded shares of Phillips 66 from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Scotiabank boosted their price objective on Phillips 66 from $140.00 to $151.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. UBS Group reiterated a “buy” rating and set a $212.00 target price on shares of Phillips 66 in a research report on Monday, June 15th. The Goldman Sachs Group raised their price objective on shares of Phillips 66 from $207.00 to $235.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on Phillips 66 from $188.00 to $202.00 in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Phillips 66 presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.44.

Check Out Our Latest Stock Analysis on PSX

Phillips 66 Company Profile (Free Report)

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.

See Also Five stocks we like better than Phillips 66 Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24

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The XRP Ledger added about $2.6 billion in tokenized real-world asset value during the past six months, excluding stablecoins, according to data from RWA.xyz. 

Summary

XRP Ledger added $2.6 billion in RWA value, ranking second among blockchains over six months. JMWH alone represents $2.23 billion, making tokenized energy XRPL’s largest real-world asset category by value. Most XRPL RWA value is represented, while distributed assets total only about $323 million currently. That placed XRPL second among tracked blockchain networks for net RWA inflows during the period. BNB Chain ranked first with about $3 billion, while Stellar followed XRPL with roughly $2.1 billion.

The increase lifted XRPL’s combined distributed and represented RWA value to about $4.38 billion on July 26. The RWA.xyz dashboard listed $323.21 million in distributed assets and $4.06 billion in represented assets. The network also held $995.12 million in stablecoins, taking its broader total above $5.37 billion when those tokens are included.

XRP Ledger moves higher in RWA rankings The six-month figures placed XRPL ahead of several larger smart-contract networks for new tokenized asset value. Solana added about $1.6 billion, while Avalanche attracted roughly $972 million. Ethereum remained the largest home for distributed tokenized assets, but its net addition during the measured period was lower at about $424 million.

The latest rise continues a trend visible earlier in 2026.XRPL moved into sixth place in the tokenized RWA rankings in February after adding $354 million in one month. A crypto.news report in July found that tokenized assets on the ledger had passed $3 billion as developers added compliance tools, permissioned trading and proposed lending features.

Tokenized energy drives most of XRPL’s total Justoken’s JMWH product accounts for the largest share of XRPL’s RWA value. RWA.xyz valued the represented commodity asset at $2.229 billion on July 26. Each JMWH token represents one megawatt-hour of contracted energy output. The issuer mints tokens against energy agreements and burns them after the electricity is delivered and consumed.

The asset also shows why represented value and active onchain liquidity are not the same measure. RWA.xyz recorded only 19 JMWH holders, one active address over 30 days, no monthly transfers and no monthly transfer volume. The token therefore works mainly as a blockchain record for energy contracts rather than a widely traded asset. JMWH alone accounts for about 51% of XRPL’s total RWA value.

Justoken said it had tokenized more than $2.84 billion in total value across its products. In March, the company announced an energy tokenization project with Argentina-based power producer YPF Luz using the XRP Ledger. The wider product links blockchain records with contracts for electricity generation and consumption.

Distributed assets and stablecoins expand XRPL’s distributed asset segment remains much smaller than its represented segment, but several financial products now operate on the network. RWA.xyz listed about $323 million in distributed assets. Ondo Finance, Braza Crypto, OpenEden Digital, Société Générale-FORGE and other issuers contribute to this category through tokenized Treasuries, credit products and regulated digital money.

Ripple’s RLUSD remains the largest stablecoin platform on XRPL. RWA.xyz showed about $894.7 million in RLUSD on the network, while all XRPL stablecoins totalled about $995.12 million. Braza Crypto ranked behind RLUSD with products worth about $83.4 million. Stablecoin transfer volume reached $4 billion over 30 days.

A May pilot also tested how tokenized funds can connect XRPL with bank payment rails. As crypto.news reported, Ripple redeemed part of its holdings in Ondo Finance’s OUSG Treasury product on XRPL. Mastercard sent settlement instructions to Kinexys by J.P. Morgan, which moved U.S. dollars to Ripple’s Singapore bank account.

Ondo said the asset leg settled in under five seconds. Ondo Finance President Ian De Bode called it the “first time tokenized U.S. Treasuries have settled across borders and banks in near real time.” The transaction combined a public blockchain asset transfer with traditional bank settlement.

RWA growth does not equal direct XRP demand RWA growth measures asset value recorded or issued on the ledger. It does not show how much XRP investors purchased or how often they used the native token. Most institutional products can use XRPL for issuance and settlement while paying only small network fees in XRP. Stablecoins such as RLUSD can also handle the cash side of transactions without using XRP as a bridge asset.

The asset mix also matters when comparing networks. Represented assets refer to offchain holdings or contracts recorded on a blockchain, while distributed assets are issued and held more directly onchain. XRPL’s represented value accounts for more than 92% of its non-stablecoin RWA total. JMWH alone drives more than half of that figure.

Even so, XRPL has added more issuers and asset types during 2026. Its RWA count reached 373, while the number of tracked holders rose 14.29% over 30 days to 176. The ledger’s stablecoin holders reached about 60,080. These figures show a broader tokenization base, although ownership remains concentrated in several products.

Ripple and XRPL developers are also building infrastructure for regulated markets. Crypto.news reported that permissioned domains, credentials and a permissioned exchange layer now support identity-based access rules on the public ledger. Proposed lending standards could add fixed-term credit products if validators approve them. The next stage will depend on whether issuers turn the growing asset base into regular transfers, trading and settlement activity.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Flare Networks co-founder and CEO Hugo Philion has announced the start of a six-month phase of large-scale integration that is expected to radically transform the XRP-based decentralized finance ecosystem, known as XRPFi. 

The first technological updates will begin rolling out within the next two weeks, turning Flare into a fully programmable layer for the historically isolated XRP Ledger (XRPL).

Because XRPL was originally designed exclusively for fast payments and does not support smart contracts, billions of dollars worth of XRP have remained in wallets for years without any practical utility. 

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Flare is attempting to solve this problem through its FAssets system. Users can convert their coins into the wrapped FXRP token at a 1:1 ratio via hot wallets, gaining access to staking, liquidity pools, and on-chain lending.

How Flare plans to attract 5 billion XRP over the next six monthsInvestors have embraced the initiative, and FXRP issuance has already exceeded 150 million tokens. In the long term, Philion expects the protocol to attract up to 5 billion XRP, representing approximately 5% of the coin's total supply and potentially creating a real shortage of the asset on exchanges.

At the same time, the team is addressing the main problem of traditional DeFi: complete transparency, which discourages large capital holders.

Starting in the next couple of weeks the next 6 months are going to be transformative for XRPFi through Flare.

— Hugo Philion (@HugoPhilion) July 26, 2026 The upcoming Confidential Compute technology, based on trusted execution environments, or TEEs, will allow institutions to execute large trades and take out loans while keeping commercially sensitive information hidden from competitors, with transactions remaining fully and mathematically verifiable on the main network.

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However, whether the XRP price can justify retail investors' expectations remains an open question. Contrary to hopes of an immediate price surge, the current news backdrop requires realism. 

The six-month period outlined by Philion is a window for deploying the code, while institutional players will require additional months to conduct security audits of the new bridges.

In addition, the ecosystem critically needs a large inflow of liquidity in stablecoins such as USDT and USDC before lending protocols can become fully operational, something Flare's management has directly acknowledged during private sessions.  Until these infrastructure challenges are resolved, XRP's market price will continue to follow broader macroeconomic trends and Bitcoin's movements, temporarily ignoring local successes achieved by developers.

Posted by Defense World Staff on Jul 26th, 2026

American Tower (NYSE:AMT – Get Free Report) is anticipated to announce its Q2 2026 results before the market opens on Tuesday, July 28th. Analysts expect the company to announce earnings of $1.57 per share and revenue of $2.6995 billion for the quarter. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Individuals can find conference call details on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Tuesday, July 28, 2026 at 8:30 AM ET.

American Tower (NYSE:AMT – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $1.24. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $2.75 EPS. On average, analysts expect American Tower to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.

American Tower Stock Up 1.2% AMT stock opened at $166.66 on Friday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $77.65 billion, a P/E ratio of 26.92, a P/E/G ratio of 0.70 and a beta of 0.91. The business has a 50-day moving average of $176.77 and a 200-day moving average of $178.35. American Tower has a fifty-two week low of $160.06 and a fifty-two week high of $231.54.

American Tower Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, June 12th. American Tower’s dividend payout ratio (DPR) is currently 115.67%.

Analyst Upgrades and Downgrades A number of brokerages have recently commented on AMT. Barclays cut their price objective on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Royal Bank Of Canada upgraded American Tower from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $195.00 to $205.00 in a report on Friday, June 26th. Truist Financial lifted their target price on American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Raymond James Financial reiterated a “strong-buy” rating and set a $240.00 target price on shares of American Tower in a report on Wednesday, April 29th. Finally, Jefferies Financial Group raised their price target on American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Tower presently has an average rating of “Moderate Buy” and a consensus target price of $215.57.

View Our Latest Report on AMT

Insider Transactions at American Tower In related news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the transaction, the executive vice president owned 29,461 shares in the company, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently made changes to their positions in AMT. Compound Planning Inc. increased its holdings in shares of American Tower by 3.5% during the 4th quarter. Compound Planning Inc. now owns 7,099 shares of the real estate investment trust’s stock worth $1,246,000 after acquiring an additional 243 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in American Tower by 33.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 34,374 shares of the real estate investment trust’s stock valued at $6,035,000 after purchasing an additional 8,551 shares during the last quarter. Caitlin John LLC boosted its position in American Tower by 2,036.4% during the fourth quarter. Caitlin John LLC now owns 235 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 224 shares during the period. Andrews Advisory Associates LLC bought a new position in American Tower during the fourth quarter worth $329,000. Finally, Vident Advisory LLC increased its holdings in shares of American Tower by 4.1% in the fourth quarter. Vident Advisory LLC now owns 43,205 shares of the real estate investment trust’s stock valued at $7,586,000 after purchasing an additional 1,719 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

American Tower Company Profile (Get Free Report)

American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.

See Also Five stocks we like better than American Tower Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24

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Chainlink just dropped another batch of integrations, this time eight across four services and three blockchain networks. The partners include some familiar names: Aave, CaliberCo, Glacis Labs, Jumper, Lombard Finance, Ripio, and UTech Stables.

What actually got integrated The eight integrations span four distinct Chainlink services across three chains. Those services include the Cross-Chain Interoperability Protocol (CCIP), Data Feeds, and the Automated Compliance Engine (ACE), among others.

Jumper and Glacis Labs are using CCIP specifically to facilitate asset transfers between Solana and EVM-compatible chains.

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CaliberCo adopted ACE for tokenizing compliant real estate funds, taking traditional real estate investment products and putting them on-chain, with Chainlink handling the compliance guardrails.

The bigger pattern This latest batch of eight is actually on the smaller side compared to recent announcements. Earlier in 2026, Chainlink reported 10 integrations across five services on eight chains, and before that, 21 integrations across nine services on nine chains.

The product suite now includes CCIP, Data Feeds, DataLink, Proof of Reserve, and ACE, each targeting a different layer of blockchain infrastructure needs.

Chainlink has previously disclosed collaborations with traditional finance entities including UBS and Swift, and Coinbase recently adopted DataLink and Data Streams.

What this means for investors No immediate price reaction followed the announcement, and no analyst commentary accompanied the latest update.

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

Quantum computing has been a white-hot industry for investors, but who's actually winning the quantum computing race?

The answer depends on what you mean by "winning." If you're asking which company has made the most progress commercially, I think the answer is fairly straightforward: IonQ. But it's still early innings.

If you're asking who will build the first truly useful quantum computer, that's a much more interesting question, and the truth is, it's much too early to tell that just yet.

Let's take a look at both IonQ and Rigetti Computing.

Image source: Getty Images

IonQ is building a full-stack quantum platform IonQ (IONQ -3.61%) spent the last year transforming itself from a quantum computing developer into something more expansive. Company management now describes IonQ as a full-stack platform spanning computing, networking, sensing, and security.

Its underlying technology differs from many competitors, including Rigetti. IonQ builds trapped-ion quantum computers, a design generally associated with very high gate fidelity -- the accuracy of quantum operations -- but slower gate speeds than superconducting systems. The company reported a 2-qubit gate fidelity of 99.99% last year.

IonQ is also pushing aggressively into commercial deployment after a string of major acquisitions last year. During the first quarter of 2026, it sold the first of its newest 256-qubit system and expanded sales into more than 30 countries.

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Rigetti is betting on superconducting speed Rigetti Computing (RGTI -4.54%) builds superconducting quantum processors, the same general technology pursued by companies like IBM and Alphabet. These systems operate dramatically faster than trapped-ion machines, with gate speeds measured in tens of nanoseconds. But they also require extremely complex cryogenic cooling systems operating near absolute zero and generally struggle to deliver the same level of fidelity as IonQ's trapped-ion approach.

Rigetti finally launched its 108-qubit Cepheus-1-108Q processor and demonstrated a 2-qubit gate fidelity of 99.1%. CEO Subodh Kulkarni has said the company believes it can reach quantum advantage -- industry jargon for the point at which quantum computers outperform classical computers on commercially useful tasks -- in roughly three years if it reaches about 1,000 qubits while maintaining high fidelity and effective error mitigation.

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How do IonQ and Rigetti compare financially? IonQ generated $64.7 million in first-quarter revenue, a whopping 755% increase from a year earlier, while raising full-year guidance to between $260 million and $270 million. Its remaining performance obligations (RPO) -- contracted revenue that hasn't yet been recognized -- rose to a record $470 million. Perhaps most importantly, the company finished the quarter with roughly $3.1 billion in cash, cash equivalents, and investments.

To be sure, IonQ remains deeply unprofitable. Its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) loss guidance still calls for losses of more than $300 million this year. Management expects significant losses for the foreseeable future.

The company reported GAAP (generally accepted accounting principles) profit last quarter came almost entirely from a noncash accounting adjustment rather than operating earnings.

Rigetti operates on a different scale at the moment. The company generated just $4.4 million in first-quarter revenue while ending the quarter with $569 million in cash and no debt. Like IonQ, its reported GAAP profit resulted primarily from warrant accounting rather than its core business. Rigetti also continues to rely heavily on government development contracts while working toward larger hardware sales over time.

The quantum computing opportunity is massive -- but uncertain McKinsey estimates quantum computing could eventually create between $1.3 trillion and $2.7 trillion in economic value by 2035. That's a huge opportunity, yes, but investors need to take it with a grain of salt and keep a few things in mind beyond the fact that McKinsey's is one of the more generous estimates.

First, that is the total value produced across the global economy. It's not a sales target for quantum firms. According to the same report, the slice of the pie for the producers themselves -- such as Rigetti and IonQ -- is just $60 billion to $100 billion.

Second, no one can say with any certainty when -- or even if -- true quantum advantage will be achieved at scale. It is entirely possible that a mature, revolutionary version of this technology is decades away. There are plenty of scientific voices outside the industry that are skeptical of the timelines put forth by quantum insiders.

The bottom line At this point, I'd have to give the edge to IonQ, both in its technical abilities and its commercial success. That being said, I think excitement has outrun reality, and both companies are currently overvalued.

Uber stock price is in a free fall this year and is trading at the lowest level since April last year. It has plunged by over 35% from its highest point since September last year. This retreat has pushed its market capitalization from a record high of $206 billion to the current $134 billion. So, why is this ride-hailing stock plunging?

Uber, the biggest ride-hailing company in the world, is under intense pressure as signs emerge that its growth has stalled in the past few months.

Analysts believe that the upcoming earnings will show that its revenue grew by 12.7% in the second quarter to $14.26 billion. They also expect the upcoming numbers to show that its earnings-per-share rose from 63 to 83 cents, respectively. Uber has missed analysts' estimates in the last two consecutive quarters, meaning that this trend may continue in the upcoming earnings.

The most recent earnings report showed that Uber’s revenue rose by 14% in the first quarter to $13.2 billion, while its gross bookings soared by 25%. Its income from operations rose by 57% to $1.9 billion.

Uber stock has also dropped after the company announced a large acquisition recently. It will spend about $13.7 billion for the Delivery Hero purchase, a substantial amount since Uber ended the last quarter with over $6.1 billion in cash. It will fund the deal using cash on hand and equity.

The most recent results showed that Delivery Hero’s gross merchandise value (GMV) jumped by 9% to €49.2 billion, with its revenue soaring by 23% to €14.8 billion last year. It made an adjusted EBITDA of €903 million, while the free cash flow to €250 million.

Meanwhile, Uber stock has fallen as it explores a split from its Waymo deal. Just last week, Waymo said that it would end its exclusivity in Austin and Atlanta in January 2028. 

According to the FT, the relationship between the two sides has deteriorated as they have become direct competitors in some markets. Also, the two sides are lobbying for robotaxi legislation that would benefit their businesses at the expense of the other. A full breakup between the two companies would dent Uber’s autonomous ambitions since it already sold its in-house business in 2020.

On the positive side, Uber has become a bargain, especially for a company with such a big market share. It now trades at a forward price-to-earnings ratio of 16, lower than the S&P 500 average of 21.

Uber chart | Source: TradingView

The weekly chart suggests that Uber shares may have more downside to go. It has slumped from a high of $101 in September last year to the current $65. It recently formed a bearish flag pattern and has moved below the lower side. 

The Relative Strength Index (RSI) has formed a descending channel and has moved below the neutral level of 50. Therefore, the path of the least resistance for the stock is downwards, with the next key target to watch being at $50.

Companies must evolve to stay relevant in the pharmaceutical industry. Teva Pharmaceutical Industries (TEVA -1.19%) is in the midst of its own transformation, from making generic drugs and biosimilars to novel drugs that are beginning to deliver growth and profits that are catching Wall Street's eye.

Every single Wall Street analyst polled by CNN Business currently has a buy rating on the pharmaceutical stock. Based on 12-month price targets, Teva could have anywhere from 28% to 60% upside from its current price, according to the analysts.

It seems like a bold call, considering the broader stock market has left the stock in the dust. Teva is down 40% over the past decade. But sometimes, these comeback stories produce the biggest returns. Here's why Wall Street analysts are right to be bullish about the stock right now.

Image source: Getty Images.

Teva is pivoting from generics to boost growth For a while, Teva had specialized in generics and biosimilars. Generic drugs are often simple formulations that typically sell at low margins. CEO Richard Francis took over in January 2023. He has helped guide the company further into developing novel drugs. This is a riskier path because drug development is expensive and many drugs fail to reach the market. However, a successful drug enjoys years of patent protection and can generate millions, even billions, of high-margin dollars in sales.

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Revenue from generic drugs and biosimilars was $612 million in the first quarter of 2026, down 28% from a year ago on weaker generic sales. Generics and biosimilars accounted for 40% of Teva's total sales in Q1, and management expects biosimilars to continue growing and drive this group as generics become a smaller part of the business.

But branded drugs are moving the needle in the right direction. Teva's top-selling drug, Austedo, grew 41% to $559 million. Austedo is a treatment for tardive dyskinesia, a condition that causes involuntary facial movements. Management anticipates Austedo hitting $2.4 billion to $2.55 billion in sales for the full year, up from $2.26 billion in 2025.

Nearly all of Teva's other branded products are much smaller right now, but are growing at double-digit rates.

NameSales in Q1 2026Year-Over-Year Growth in Q1 2026Ajovy$87 million64%Copaxone$62 million16%Uzedy$63 million62% Source: Table created by author. Data from Teva Pharmaceutical Industries Q1 2026 earnings.

Becoming a better business for the long term Revenue growth might not jump off the page right away. Despite the impressive growth in these branded sales, Teva expects total revenue to fall from $17.3 billion in 2025 to $16.4 billion to $16.8 billion this year. The key difference here is that these are higher-quality dollars. Management is guiding for 30% operating margins in 2027 as branded sales continue to grow, up from only 12.5% last year.

Teva's biosimilars portfolio is gaining momentum, with sales expected to reach $800 million in 2027, more than offsetting lower generic sales. Additionally, Teva is bolstering its pipeline through acquisition. It recently bought Emalex Biosciences for $700 million, adding ecopipam, a developmental treatment for Tourette's syndrome in children, to its portfolio. Teva filed a New Drug Application with the U.S. Food & Drug Administration for ecopipam last month, following positive data from its Phase 3 clinical trial.

Teva's price targets are attainable At roughly $31 per share, Teva is trading at 14 times Wall Street's 2026 earnings estimates, and only 10 times 2027 estimates. The leap in earnings from this year to next is likely due to the expectation of those 30% operating margins, as reiterated by management on the company's Q1 earnings call.

That's a pretty inexpensive valuation for a company that suddenly has a lot going for it. Assuming ecopipam hits the market and branded and biosimilar sales continue to grow, Teva should be able to sustain solid earnings growth beyond next year. The low valuation leaves tons of room for that to translate to tangible investment returns.

TEVA data by YCharts. EPS = earnings per share.

If Teva delivers results that boost the market's sentiment toward the stock, even trading at just 15 times 2027 earnings estimates puts the share price above Wall Street's median price target of $40. So, these targets are certainly possible if Teva's business continues to perform well.

Lloyds expects EUR/USD to retreat towards 1.1214 this summer as persistent US inflation risks restore the Dollar’s interest-rate advantage. At Friday’s market close, the Euro to Dollar (EUR/USD) exchange rate was quoted at $1.1371, down 0.05% on the day and from $1.1438 the previous Friday.

EUR/USD fell in four of the five sessions and finished just above July’s low at 1.1362, leaving the Euro on the defensive heading into the new week.

Latest — Exchange Rates:

Euro to Dollar (EUR/USD): 1.137117 (-0.05%)

Pound to Dollar (GBP/USD): 1.332498 (+0.09%)

Dollar to Yen (USD/JPY): 163.85169 (0.00%)

Lloyds Bank says the latest rise in energy and wider commodity prices has revived inflation concerns, but the policy consequences are likely to be more challenging for the United States than the Eurozone.

“The Fed faces a more challenging mix than slow Europe, the USD ought to benefit from that,” says Nicholas Kennedy, FX strategist at Lloyds Bank.

The US economy has absorbed the latest energy shock with relatively little damage to domestic demand.

Lloyds points to resilient household consumption, a steadier labour market, rising equity-market wealth and the continuing AI investment boom. Tariffs, tight inventories and wider supply constraints are adding to the underlying price pressure.

Europe faces a less supportive combination.

The European Central Bank may still raise interest rates further, but higher input costs and tighter monetary policy are also likely to weigh more heavily on the Eurozone’s already-fragile demand and confidence.

Markets May Still Be Underpricing the Fed “One soft month for inflation data does not alter those underlying influences,” Kennedy says.

At the time of Lloyds’ 23 July report, markets had almost two Federal Reserve rate increases priced by the end of 2026.

“While the market now has almost two Fed hikes priced in by year-end, there is not much after that,” the bank says, noting that only another 13 basis points of tightening was priced through to the middle of 2027.

Lloyds believes that may prove too cautious if strong demand continues to collide with limited supply, accommodative financial conditions and rising business costs.

“If ECB assumptions are too hawkish, we’d still see the Fed curve as too low,” Kennedy adds.

The implication for EUR/USD is that US-Eurozone rate differentials could move back in the Dollar’s favour even if the ECB retains a hawkish policy stance.

With Eurozone growth fragile and investors reluctant to revive the broader anti-Dollar trade, Lloyds says the Dollar’s carry advantage is beginning to reassert itself.

“A further drift down towards EUR/USD 1.1214, if not a bit below... remains our expectation over the summer,” the bank concludes.

Image: EUR/USD 15-minute technical chart at Friday’s market close EUR/USD Technical Outlook Remains Soft The short-term chart also points to a continued downside bias.

EUR/USD ended Friday below the session VWAP at approximately 1.1381 and the 200-period moving average near 1.1392.

The 14-period RSI stood at 44.3, below the neutral 50 level but not yet signalling oversold conditions.

Initial support is located at July’s 1.1362 low.

A sustained break below that area would strengthen the case for another move lower and keep Lloyds’ 1.1214 target in view. That level is approximately 1.4% below Friday’s close.

Lloyds identifies 1.1065 as the next technical support should EUR/USD fall below the 1.12 region.

On the upside, the pair would need to recover the 1.1381–1.1392 area to ease immediate selling pressure.

Until then, the approaching Federal Reserve meeting and any further evidence of persistent US inflation will remain important tests of the bank’s bearish summer forecast.

Sandisk (SNDK -10.87%) has been one of the hottest growth stocks of the year (up 579%), but it's down by more than 31% from its June 2026 all-time high. Where does that leave investors heading into Sandisk's Aug. 5 earnings report?

There are some hints that Sandisk will deliver blockbuster results when it releases its report. These are the green flags investors should keep in mind as Aug. 5 draws closer.

Image source: Getty Images.

Micron usually foreshadows Sandisk's earnings Memory chips are gaining substantial traction, and Micron Technology (MU -7.24%) proved that was the case when it reported its fiscal 2026 third-quarter results. These results are a pretty big deal for Sandisk investors since the company has been growing faster than Micron in recent quarters.

Micron more than quadrupled its revenue year over year, crushing its guidance in the process. The memory chipmaker also delivered more than 70% sequential growth. Guidance only suggested $33.5 billion in revenue at the midpoint, which would have been approximately a 40% sequential improvement.

With this important context, let's take a closer look at Sandisk's results for the fiscal 2026 third quarter, which ended April 3. Revenue almost doubled sequentially, outpacing the growth rate Micron exhibited in its groundbreaking quarter. For Q3, Sandisk implied $4.6 billion in revenue at the midpoint of guidance and ended up reporting $5.95 billion.

Sandisk guided for $8 billion in revenue at the midpoint of its fiscal 2026 fourth-quarter results. Recent history and Micron's results suggest that Sandisk will smash guidance. Micron's $41.5 billion in revenue shocked the most ardent bulls, and the company then guided for $50 billion in the following quarter.

If Sandisk continues to follow the pattern of crushing guidance, its recent dip looks like a compelling buying opportunity.

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The memory chip boom isn't fading Memory chips are cyclical, and supply shortages can quickly turn into inventory gluts. That has been the narrative for multiple decades, and it may explain why memory chipmakers saw their share prices drop just after Micron reported earnings, but the AI build-out is quite exceptional.

Companies with real revenue and rising AI capacity needs are fueling the boom, which makes the dot-com comparison illegitimate. Furthermore, Micron announced it was entering multiyear strategic agreements with customers. This multiyear setup makes the company less susceptible to the bust part of the memory chip cycle. Competitors like Sandisk are likely to follow suit, which can make the current dip attractive.

Moreover, Alphabet boosted its capital expenditures target yet again. The company intends to spend up to $205 billion on capital expenditures this year, and some of that money will have to go to memory chips like the ones Sandisk creates.

These are long-term tailwinds that should continue to propel Sandisk stock to new highs. Expect a beat-and-raise type of quarter. It's just a matter of how much Sandisk beats its guidance for Q4 and what the company tells investors about its upcoming fiscal 2027.

Jul 26, 2026, 6:59 a.m.

2 min read

Crypto exchange BitMart to shut down after nine years. (Tim Mossholder/Unsplashed, modified by CoinDesk)Summary

Cryptocurrency exchange BitMart will wind down its trading platform after nine years, halting all trading by Aug. 26 and fully ceasing operations on Jan. 31, 2027.The closure, attributed vaguely to operating conditions, the market environment and future strategy, sent BitMart’s BMX token down about 58% in 24 hours, extending a yearlong slide of roughly 70%.BitMart, which recently reported about $1.6 billion in 24-hour trading volume, is keeping withdrawals open but warns of extra identity and security checks that could delay processing as users rush to exit.Cryptocurrency exchange BitMart said Sunday it will wind down its trading platform, ending nine years of operation and sending its exchange token down almost 60% after the announcement.

It is the second crypto exchange to announce a closure in the same week, with perpetuals trading powerhouse BitMEX saying Thursday it would shut down after 11 years, as CoinDesk reported.

The exchange stopped accepting new registrations, deposits and new trading orders from 01:30 UTC on Sunday, it said, with futures accounts moving to reduce-only mode.

All trading, spot and derivatives, ends on Aug. 26, and the platform formally ceases operations on Jan. 31, 2027. Withdrawals stay open throughout, though BitMart urged users to complete identity checks, close positions and submit withdrawal requests before the August cutoff.

Important Notice

After a careful evaluation of the Company's operating conditions, market environment, and future strategic direction, BitMart has made the difficult decision to commence an orderly wind-down of its trading platform operations. We deeply regret having to make… pic.twitter.com/KX3zczIrAh

— BitMart (@BitMartExchange) July 26, 2026 The company attributed the decision to its "operating conditions, market environment, and future strategic direction," offering no further detail on which of those forced the closure.

CoinDesk has reached out to BitMart for further comment.

BMX, the platform's token, fell to about 8 cents, down 58% over 24 hours, cutting its market value to roughly $27 million. The token was already down about 70% over the past year, so Sunday's drop extended a long decline rather than starting one.

The exchange's trading figures are significant, despite the closure. BitMart reported about $1.6 billion in 24-hour volume, up 51% from the previous period, with bitcoin accounting for nearly half of it. That jump more plausibly reflects users unwinding positions and moving funds out than any fresh demand, but it leaves open why a platform still clearing that kind of flow is closing.

Meanwhile, the withdrawal terms carry more friction than a routine exit. BitMart said requests may face additional review covering identity verification, device and IP checks, withdrawal-address screening, source-of-funds questions and sanctions checks, and warned that processing could stretch if request volumes spike.

BitMart lost about $196 million to a hot-wallet breach in December 2021, one of the larger exchange hacks of that cycle, and covered customer losses at the time.

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Crypto Flows, Share and the Selective Rotation

Crypto Flows, Share and the Selective Rotation

Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.

Jul 22, 2026

Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.

Why it matters:

Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.

Alphabet (GOOG +0.21%)(GOOGL +0.58%) released its operating results for the second quarter of 2026 (ended June 30) after the market closed on Wednesday. Once again, artificial intelligence (AI) fueled strong revenue growth in important businesses like Google Search and Google Cloud.

However, Alphabet said it plans to spend even more on AI data centers during 2026 than originally expected, which made investors uneasy. These capital expenditures (capex) could seriously hurt the company's earnings power over the next few years, and thus lead to sluggish returns in its stock.

Alphabet stock immediately fell by around 7% following the release of the Q2 report, and it's now down 20% from its recent all-time high. Could this be the ultimate buying opportunity for long-term investors?

Image source: Alphabet.

Another strong quarter for Google Search and Google Cloud Google Search's advertising business is Alphabet's largest source of revenue. The company has infused AI-powered features into the search engine to fight off the competitive threat from chatbots like OpenAI's ChatGPT, and the strategy is working.

First, AI Overviews use text, images, and links to third-party sources to provide AI-generated answers to queries in Google Search. They appear above the traditional search results, so users no longer have to dig through web pages to find the information they need. Then there is AI Mode, which opens a chatbot-style interface where users can expand on their original query by asking follow-up questions. AI Mode already has 1 billion monthly active users, despite only launching globally last October.

Alphabet said these features are driving increased search usage overall. This is great news because it means users are seeing more ads, and the company is making more money. On that note, Google Search generated a record $63.3 billion in revenue during Q2, up 17% from the year-ago period.

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Google Cloud also had a very strong quarter. The cloud platform operates data centers all over the world that house thousands of specialized AI chips, and it rents the computing power to other businesses. It also offers a platform called Gemini Enterprise, where businesses can turn that computing capacity into finished AI chatbots, agents, and other applications. Alphabet says 90% of the Fortune 100 companies are using it already.

Google Cloud has consistently been the fastest-growing piece of Alphabet's business over the last couple of years, purely because of demand for AI-related services. Its revenue surged by 82% during Q2, to $24.8 billion.

Alphabet raised its capital expenditures forecast While Google Cloud is already growing at a blistering pace, it had a staggering $514 billion order backlog as of June 30, a $50 billion increase from the first quarter of 2026 just three months earlier. Most of that backlog was from AI customers who were waiting for more data center capacity to come online. In order to meet their needs, Alphabet has to spend a truckload of money to build more infrastructure.

When discussing the company's Q2 operating results, management said capex was on track to come in somewhere between $195 billion and $205 billion during 2026. That forecast was revised higher from $180 billion to $190 billion in management's previous update, and it followed $91 billion in spending last year.

Data centers and chips usually have a useful life of several years, so Alphabet doesn't account for these costs up front. Instead, it depreciates the infrastructure over time, which means these enormous capex sums could erode Alphabet's profits for years to come. That won't be a problem if AI computing capacity and enterprise tools remain in high demand, but that isn't a guarantee.

That's why investors wince every time a hyperscaler like Alphabet ramps up its capex plans even further. Every misallocated dollar today could reduce the company's earnings and dent its stock price for a very long time.

Alphabet stock looks cheap, so should investors buy the dip? On the surface, Alphabet's Q2 earnings soared by 294% year over year to $9.11 per share. But that's only because the company experienced a staggering $98 billion increase in the value of its investment holdings in companies like Anthropic and Space Exploration Technologies, which had nothing to do with its operating performance.

If we exclude those gains and also factor in Alphabet's capex, the company actually generated negative free cash flow of $5.8 billion during Q2.

Alphabet stock is trading at a much lower price-to-earnings (P/E) ratio than the Nasdaq-100 index (24.3 versus 33.4), suggesting it's cheaper than a basket of its big-tech peers. However, the stock might be far more expensive than it appears at face value after accounting for investment gains and capex, as demonstrated above.

I'm not saying Alphabet is a bad investment. It's a brilliant company with loads of long-term potential. But as an investor who doesn't already own it, I plan to wait on the sidelines for some of the dust to settle. If management adopts a more cautious approach to capex over the next couple of quarters, I might consider buying the stock.

ASSOCIATED PRESS; Tyler Le/BI

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2026-07-26T08:07:01.230Z

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Three years ago, Satya Nadella catapulted Microsoft to the front of the AI race and became "like a superhero," one recent former Microsoft executive said.

In February 2023, after betting early on OpenAI, the CEO unveiled Microsoft's AI-powered Bing search engine before a packed audience outside Seattle, and declared a war on Google's search dominance. "A race starts today," he said. Waves of adulation followed. When Nadella helped navigate OpenAI's board crisis later that year, Bill Gurley called it an "amazing shift in corporate reputation." CNN Business chose Nadella as the CEO of the Year.

Inside Microsoft and across the tech industry, Nadella was hailed for seizing the future. Now, his legacy is at stake.

Microsoft's stock is down more than 24% from 12 months ago, significantly worse than the rest of the Magnificent 7. Investors have grown increasingly skeptical that the company's multibillion-dollar AI bet will deliver. Copilot, Microsoft's flagship AI product, lags behind other AI tools like ChatGPT and Claude. LinkedIn has drawn criticism for becoming flooded with AI-generated hustleporn. Xbox's business is "not healthy," its CEO recently said, and undergoing layoffs and restructuring as it tries to justify the company's record-breaking $69 billion Activision Blizzard acquisition.

And inside the company, employees are questioning Microsoft's plans to spend a record $190 billion this year to build AI infrastructure. As generative AI changes how people work, write software, and consume information, three of the company's core businesses hang in the balance: Microsoft 365, GitHub, and Azure. Investors will get a report card on these challenges on Wednesday, when the company releases its fourth-quarter earnings results.

As AI adoption spreads through corporate America, every software company is fighting to fend off the so-called SaaSpocalypse. But the battle is particularly fraught for Nadella's Microsoft, which made an early and loud bet on AI to propel the company's future. Now the company's north star has also become a potential noose.

For decades, Microsoft's productivity software has been the default homeroom where knowledge workers start their day. They opened Word to write, Excel to analyze data, and PowerPoint to build presentations. Now, millions of those workers are beginning to do all these things directly inside AI tools. Gartner analysts earlier this year predicted AI would threaten to dethrone traditional productivity suites like Microsoft 365 and Google Workspace in a $58 billion market shakeup.

Microsoft executives point to continued growth in Microsoft 365 and increasing Copilot adoption as evidence customers still want Microsoft's products at the center of their workdays. "The M365 business is seeing tons of new adoption and M365 Copilot usage," one executive said, who said the company is specifically chasing computing capacity to meet the demand.

GitHub faces a similar challenge. Since acquiring the software development platform in 2018, the company has held a dominant position with developers and had an early advantage in AI coding through GitHub Copilot. And it continues to grow: The platform recently had its "best month ever," an executive told employees in internal meeting comments viewed by Business Insider, though he didn't say by what measure.

But upstarts have swarmed in, as millions of engineers have adopted Cursor — which SpaceX recently announced plans to acquire for $60 billion — and Anthropic's Claude Code. As Business Insider previously reported, executives have discussed internally the need to overhaul GitHub to better compete with those AI-native coding tools. AI demand has also strained Github. As AI usage surged GitHub has experienced dozens of major outages this year.

The company is also struggling broadly to keep up with the demand for compute capacity. Despite this crunch, Microsoft is raising salespeople quotas for selling its cloud computing platform, Azure, some by 30% this year, according to people familiar with the change.

Azure remains Microsoft's fastest-growing strategic business, but internally executives say it has become a constant balancing act. Demand for computing infrastructure has outpaced the company's ability to build new capacity, forcing Microsoft to make difficult decisions about where its resources go. Even with this year's $190 billion capital expenditures — largely to expand data-center capacity for AI workloads — executives say the company is still constrained.

Earlier this year, Chief Financial Officer Amy Hood suggested Microsoft was prioritizing scarce computing resources for its own AI products before allocating the remaining capacity to Azure customers.

"The first thing we're doing is solving for the increased usage in sales and the accelerating pace of M365 Copilot, as well as GitHub Copilot, our first-party apps," Hood said during Microsoft's January earnings call. "Then we make sure we're investing in the long-term nature of R&D and product innovation... Then what you end up with is the remainder going towards serving the Azure capacity that continues to grow in terms of demand."

Why would Satya prioritize growing Adobe over growing M365?Microsoft executiveIf Microsoft had allocated the GPUs that came online during the first half of its fiscal year to Azure instead of its own AI products, Azure growth would have exceeded 40% instead of 39%, Hood said. Microsoft previously reported $75 billion in Azure revenue for its 2025 fiscal year.

That earnings report triggered one of Microsoft's biggest post-earnings stock declined by more than 10% as investors questioned the company's slower Azure outlook despite record AI spending and growing concerns that Microsoft was diverting capacity away from cloud customers.

Executives who spoke to Business Insider say those tradeoffs have intensified.

Microsoft is so desperate for capacity that it's turning to competitors to help relieve some of those constraints. Following a series of GitHub outages, Amazon bailed Microsoft out. The company also explored leasing Oracle cloud infrastructure but Microsoft walked away due to security and compliance concerns.

Microsoft is now seeking additional cloud capacity from other providers, including evaluating Amazon and Google, according to people familiar with the discussions. "We are shopping for capacity everywhere," one of those people said.

While prioritizing internal services has a mixed reception on Wall Street, the strategy is clear within Microsoft.

"All of the supply is gone once you solve for frontier labs and our internal businesses like M365 and Microsoft AI," one executive said.

Those decisions have created difficult conversations internally.

"Why would Satya prioritize growing Adobe over growing M365?" the person said. "I have no idea how we're going to land that message with customers."

As the pressure on Microsoft's core businesses mounts, Nadella has been bearing that pressure down on his workforce, and reshaping the structure of the company and its leaders.

As Business Insider previously reported, Nadella promoted Judson Althoff to CEO of Microsoft's commercial business to free himself and the company's engineering leaders to focus more directly on AI. Althoff was previously Microsoft's longtime sales boss but the role gave him a bigger profile. In an internal memo viewed by Business Insider at the time, Nadella described the moment as "a tectonic AI platform shift."

The mounting pressure on Nadella has trickled down through Microsoft's ranks from the executive suite to the rank-and-file employee.

At the same time, Nadella has remade his inner circle. Business Insider previously reported that Microsoft effectively retired its traditional senior leadership team structure in favor of smaller, flatter leadership groups. AI CEO Mustafa Suleyman has narrowed his focus to Microsoft's superintelligence efforts, top Nadella lieutenant Rajesh Jha retired, longtime product and marketing leader Yusuf Mehdi is preparing to leave the company, and more executive changes are expected.

According to people familiar with the succession planning, Hayete Gallot, who recently returned to Microsoft from Google to lead the company's security business, is viewed internally as the long-term successor to Althoff as sales chief. Gallot previously worked for Althoff and left in what one executive told Business Insider was "not an amicable departure." Nadella recruited Gallot back to replace Charlie Bell, who moved into an individual contributor role focused on engineering quality. Rodrigo Kede Lima, who Microsoft just put in charge of a $2.5 billion AI sales unit, is also a rising star, one of the people said.

The changes extend beyond the executive suite. Business Insider has learned that Microsoft overhauled its performance review system this year, simplifying ratings into five categories while making performance distinctions significantly sharper.

Executives say the new process feels like a return to "stack ranking," the controversial system that evaluated employees relative to one another during the Steve Ballmer era. At the same time, managers have been instructed to reduce the number of employees in higher-level engineering roles as Microsoft continues flattening parts of the organization, emblematic of a broader hardcore work culture that's spread across Big Tech in the last few years.

"It's almost like the old era of Microsoft is back," one former executive said. "The old Windows era where you lead with a lot of fear and a billy club in your hand."

For years, Microsoft's greatest strength was that it owned where people worked and where developers built software. AI is beginning to challenge both assumptions at once. Now Nadella's legacy won't be defined by whether Microsoft can build the best AI, but by whether it can keep AI from eroding the businesses that made it one of the world's most valuable companies.

Ashley Stewart is a chief technology correspondent at Business Insider.

Business Insider's Discourse stories provide perspectives on the day's most pressing issues, informed by analysis, reporting, and expertise.

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Ovintiv (NYSE:OVV) reported second-quarter 2026 free cash flow of $682 million and cash flow per share of $4.46, with both measures exceeding consensus estimates, according to executives on the company’s earnings call. The company also raised its full-year oil and condensate production outlook after production from its Permian operations surpassed expectations.

President and CEO Brendan McCracken said the company generated more than $1.3 billion in free cash flow during the first half of the year and returned approximately 63% of second-quarter free cash flow to shareholders through share repurchases and its base dividend. Ovintiv expects full-year shareholder returns to exceed 60%, following returns of about 45% year to date.

Production Guidance Raised on Permian Outperformance Second-quarter oil and condensate production averaged 206,000 barrels per day, above the high end of Ovintiv’s guidance, while total production was 615,000 barrels of oil equivalent per day. Chief Financial Officer Corey Code said the production beat was driven by both new-well productivity and stronger-than-expected base production in the Permian Basin.

The company raised its full-year oil and condensate production guidance to between 210,000 and 212,000 barrels per day. Ovintiv also increased the go-forward Permian oil production run rate to 125,000 barrels per day from 120,000 barrels per day previously, without adding capital spending or drilling activity.

Code said the revised outlook, combined with year-to-date repurchases, represents about 4% oil production growth on a per-share basis. Ovintiv maintained its full-year capital guidance and expects third-quarter capital spending of approximately $575 million, in line with second-quarter spending. Third-quarter total production is expected to average roughly 628,000 BOE per day, including about 208,000 barrels per day of oil and condensate.

Natural gas production came in below guidance during the quarter because of planned Montney plant turnarounds, although Ovintiv said the revenue impact was limited by weak AECO natural gas prices. The company maintained the midpoint of its prior full-year natural gas outlook at 2.05 billion cubic feet per day and increased full-year NGL guidance to about 84,000 barrels per day.

Debt Reduction and Buyback Focus Ovintiv reduced net debt by about $3.4 billion during the quarter, using proceeds from its Anadarko disposition and a portion of free cash flow. Quarter-end net debt stood at $2.995 billion, resulting in a leverage ratio of 0.6 times.

Code said the lower debt balance represented a key milestone for the company, while Fitch upgraded Ovintiv’s credit rating to BBB from BBB low. McCracken said the company views its capital structure as appropriately sized and plans to balance additional debt reduction, share repurchases and smaller land-focused transactions.

During the question-and-answer session, McCracken said Ovintiv sees value in repurchasing shares but does not have a “crystal ball” on commodity prices. He said the company expects its “ground game” acquisitions to be in the low hundreds of millions of dollars range and focused on modest-sized deals in the Permian and Montney.

Operational Technology and Montney Developments Chief Operating Officer Greg Givens attributed Permian outperformance to improved new-well results, base-production optimization and the company’s development approach, which includes co-developing stacked zones from a single pad and timing adjacent development projects to limit pressure depletion.

Givens said Ovintiv has completed approximately 400 Permian wells with surfactant treatments since 2019 and has seen about a 9% improvement in oil productivity compared with wells that did not receive the treatment. The company estimates the surfactants account for roughly half of its productivity uplift over the past several years. Ovintiv said the treatment costs about $100,000 per well.

The company is beginning to evaluate surfactant use in the Montney, where McCracken said it remains in the early stages. Ovintiv also cited the use of AI, automation and its Permian Operations Control Center as contributors to reduced downtime, improved artificial-lift performance and stronger base production.

In the Montney, planned plant turnarounds were completed in the second quarter. Ovintiv said it prioritized production from its most liquids-rich wells during the outages, limiting the effect on condensate volumes. Based on current strip prices, the company expects second-half Montney condensate production of 80,000 to 85,000 barrels per day.

Canadian condensate realizations averaged about $94 per barrel during the quarter, at a premium to WTI, Givens said. Ovintiv also reported that its Montney gas realization was 187% of AECO, supported by physical sales arrangements, financial contracts and approximately $40 million of sulfur revenue. Sulfur, a byproduct from certain Montney gas operations, benefited from historically high prices during the period.

Inventory, Sand Supply and Market Access McCracken said Ovintiv has added more than 3,200 Permian and Montney drilling locations since 2023 at an average cost of $1.4 million per net 10,000-foot location. The company estimates it has nearly 15 years of premium inventory in the Permian and close to 20 years of premium oil inventory in the Montney.

Ovintiv said it has already replaced its planned 2026 drilling locations in both regions through organic additions. In the Permian, the company is evaluating approximately 100,000 acres of Barnett potential on acreage it has held for more than a decade. Givens said Ovintiv has drilled and cored the vertical section of its first Barnett well in Martin County and expects the well to begin production late this year.

In the Montney, Ovintiv said completion speeds have averaged more than 4,900 feet per day year to date, about 20% faster than its 2023 pace. The company recently completed more than 7,000 lateral feet per day in a simul-frac operation and completed Canada’s first 100% domestic wet-sand pad, according to management. Domestic wet sand is roughly 20% less expensive than imported dry sand, the company said, though Ovintiv expects broader adoption to depend on local supply infrastructure and could take until around 2028.

Management also said it continues to diversify its natural-gas pricing away from AECO and Waha. Ovintiv reported total company gas price realizations, including hedging, of $1.99 per Mcf during the quarter, or about 70% of NYMEX pricing.

About Ovintiv (NYSE:OVV) Ovintiv Inc is a North American energy company focused on the exploration, development and production of oil, natural gas and natural gas liquids. Formerly known as Encana Corporation, the company rebranded as Ovintiv in January 2020 and established its headquarters in Denver, Colorado. Ovintiv’s upstream portfolio spans multiple unconventional resource plays, reflecting a strategy centered on high-return projects and disciplined capital allocation.

The company’s core business activities include the acquisition and development of acreage in major shale basins across the United States and Canada.

Comfort Systems USA (NYSE:FIX) reported second-quarter 2026 revenue above $3 billion for the first time, as demand from technology and industrial customers helped drive higher bookings, record backlog and sharply improved profitability.

Chief Executive Officer Brian Lane said the company generated $3.3 billion in quarterly revenue and earned $12.53 per share, a 92% increase from the prior-year period. The company’s backlog reached a record $14.1 billion at quarter-end, supported by continued technology-sector demand and favorable project margins.

“We had a fantastic quarter with amazing execution by our teams,” Lane said. “Demand remains strong, especially in technology, as we continue to book work with good margins and favorable working conditions for our valuable people.”

Revenue, Profit and Cash Flow Rise Chief Financial Officer Bill George said second-quarter revenue increased by $1.1 billion from a year earlier, with same-store revenue up 44%. Electrical-segment revenue rose 81%, while mechanical-segment revenue increased 40%.

For the first six months of 2026, same-store revenue grew 47%. The company expects full-year same-store revenue growth to finish in the mid- to high-30% range, George said.

Gross profit increased to $844 million from $510 million in the second quarter of 2025, while gross margin expanded to 25.9% from 23.5%. Mechanical gross margin rose to 25.6% from 22.9%, and electrical gross margin increased to 26.4% from 25.3%.

SG&A expense increased to $287 million from $210 million as the company invested in personnel and innovation, though SG&A as a percentage of revenue declined to 8.8% from 9.7%. Operating income rose 86% to $558 million, and operating margin increased to 17.1% from 13.8%.

Net income was $442 million, or $12.53 per share, compared with $231 million, or $6.53 per share, a year earlier. EBITDA increased 80% to $600 million, bringing trailing 12-month EBITDA to approximately $2 billion.

Free cash flow totaled $999 million in the quarter. George attributed the result partly to advanced customer cash, strong payment terms and broad-based project performance, rather than a single factor. He said the company expects cash flow over time to align with net income plus noncash expenses.

The company ended the quarter with a net cash position of more than $1.8 billion, despite acquisition spending and capital investments. It expects capital expenditures for the full year to equal approximately 5% of revenue, primarily supporting production facilities and modular capacity.

Backlog Expands as Technology Work Drives Demand President Trent McKenna said backlog increased by $1.6 billion sequentially, including a $1.4 billion same-store increase. Compared with a year earlier, total backlog increased $5.9 billion, or 73%, with $5.6 billion of the gain coming from same-store operations.

Same-store backlog entering the third quarter was 69% higher than a year earlier. McKenna said project pipelines remained at historically high levels, led by technology-sector construction and modular work.

Industrial customers accounted for 75% of first-half revenue. Technology, which is included within industrial, represented 58% of revenue, up from 40% in the prior year. Institutional markets, including education, healthcare and government, represented 17% of revenue. Commercial markets accounted for 8% of revenue. Construction represented 90% of revenue, while service represented 10%. New-building construction accounted for 75% of total revenue, including modular activity, while existing-building construction represented 15%. Modular revenue represented 17% of year-to-date revenue.

During the quarter, modular operations booked $510 million, enough to cover the business’s production activity and add roughly $500 million to backlog, according to George. The company said demand from customers remains consistent with its plans to expand modular manufacturing capacity.

Modular Capacity Plans Tied to Customer Commitments Comfort Systems USA has more than 3.5 million square feet of capacity dedicated to modular operations and expects to exceed 4 million square feet in production by year-end. It plans to reach approximately 5 million square feet of capacity by late summer 2027.

Management said the planned capacity expansion is principally intended to serve existing customers and existing orders. The company is pursuing pilot contracts with frontier labs and colocation providers, but said meaningful programmatic business from those newer customers would require additional manufacturing space.

George said the company will not add buildings solely on speculation and will expand only when customers provide meaningful multiyear commitments. He said recent capital investments have generated rapid returns, with projects producing what he described as full paybacks within one or two years.

Management said it does not see a slowdown in data-center demand despite public opposition and moratorium discussions in some markets. Lane said the company’s direct relationships with hyperscalers and key intermediaries provide visibility into customer plans, and that management sees “no letdown whatsoever” in their need to continue building capacity.

McKenna said much of the company’s current backlog consists of projects that were already planned and permitted. He added that modular capacity is more programmatic and can be directed toward customer locations as needed.

Acquisition and Capital Allocation The company also discussed its acquisition of Hunt Electric, a Utah-based electrical contractor that closed May 1. Lane said Hunt is expected to contribute approximately $250 million in annualized revenue.

McKenna said Hunt has begun pursuing opportunities jointly with Comfort Systems USA’s mechanical contractors in Utah and called it the premier electrical provider in that market.

Comfort Systems USA increased its quarterly dividend by $0.10 to $0.90 per share. George said capital allocation will continue to include investments in facilities, selective share repurchases and a patient approach to acquisitions.

Management also highlighted the longer-term service opportunity created by its growing data-center installed base. McKenna said service revenue increased 7% during the year and remains profitable, though the data-center service opportunity is expected to develop over time as newly constructed facilities move beyond warranty periods.

About Comfort Systems USA (NYSE:FIX) Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

Posted by Defense World Staff on Jul 26th, 2026

Hubbell (NYSE:HUBB – Get Free Report) is expected to release its Q2 2026 results before the market opens on Tuesday, July 28th. Analysts expect Hubbell to announce earnings of $5.39 per share and revenue of $1.6620 billion for the quarter. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Interested persons may review the information on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Tuesday, July 28, 2026 at 10:00 AM ET.

Hubbell (NYSE:HUBB – Get Free Report) last released its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.50 earnings per share. On average, analysts expect Hubbell to post $20 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Hubbell Stock Performance Shares of NYSE HUBB opened at $485.33 on Friday. Hubbell has a 1 year low of $403.82 and a 1 year high of $565.50. The firm has a market cap of $25.64 billion, a P/E ratio of 28.67, a PEG ratio of 2.43 and a beta of 0.89. The stock has a fifty day moving average price of $488.26 and a two-hundred day moving average price of $496.57. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58.

Analyst Upgrades and Downgrades Several analysts have recently weighed in on the company. Barclays upped their price objective on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Stephens lifted their target price on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. UBS Group restated a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research report on Tuesday, June 16th. Finally, Wells Fargo & Company raised their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $554.38.

Check Out Our Latest Stock Analysis on Hubbell

Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently bought and sold shares of HUBB. Pacer Advisors Inc. boosted its position in shares of Hubbell by 16.1% during the 4th quarter. Pacer Advisors Inc. now owns 5,001 shares of the industrial products company’s stock valued at $2,221,000 after acquiring an additional 695 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in Hubbell by 16.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,668 shares of the industrial products company’s stock worth $741,000 after purchasing an additional 234 shares in the last quarter. Corient Private Wealth LLC raised its position in Hubbell by 10.2% in the fourth quarter. Corient Private Wealth LLC now owns 7,544 shares of the industrial products company’s stock worth $3,350,000 after purchasing an additional 697 shares in the last quarter. Alpine Woods Capital Investors LLC raised its position in Hubbell by 79.2% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 1,541 shares of the industrial products company’s stock worth $684,000 after purchasing an additional 681 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Hubbell by 173.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,051 shares of the industrial products company’s stock worth $6,684,000 after purchasing an additional 9,544 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

About Hubbell (Get Free Report)

Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.

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