Track market-moving stories before they get noisy

Corteva, Inc. (CTVA - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

As such, the Zacks rating upgrade for Corteva, Inc. is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Corteva, Inc. imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for Corteva, Inc.For the fiscal year ending December 2026, this agriculture is expected to earn $3.76 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Corteva, Inc.. Over the past three months, the Zacks Consensus Estimate for the company has increased 3.7%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Corteva, Inc. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Shares of Tesla (NASDAQ:TSLA | TSLA Price Prediction) are trading at $308.05 in Friday afternoon action, down 4% on the day and 18% over the past month.

Key Takeaways Chipotle is set to report Q2 2026 on July 29, with consensus EPS of 32 cents and revenues of $3.32B.CMG may benefit from Honey Chicken, Cilantro Lime Sauce and stronger Rewards enrollment in Q2.Chipotle likely faces margin pressure from higher avocado, dairy, beef and labor costs in Q2. Chipotle Mexican Grill, Inc. (CMG - Free Report) is scheduled to report second-quarter 2026 results on July 29.

CMG’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 2.7%.

Trend in the Estimate Revision of CMGThe Zacks Consensus Estimate for second-quarter earnings per share (EPS) is pegged at 32 cents, indicating a decline of 3% from 33 cents reported in the year-ago quarter.

For revenues, the consensus mark is pegged at $3.32 billion. The metric suggests a rise of 8.4% from the year-ago quarter’s figure.

Let us take a look at how things might have shaped up in the quarter to be reported.

Factors Likely to Shape CMG’s Quarterly ResultsChipotle’s second-quarter performance is likely to have been supported by menu innovation, stronger customer engagement and continued restaurant expansion. The company anticipated comparable restaurant sales growth of approximately 1% in the quarter under review. Menu pricing of about 1.5% and a broadly flat sales mix are also expected to have supported the top line. The return of Chipotle Honey Chicken and continued demand for Cilantro Lime Sauce are likely to have aided transactions and average check.

The refreshed Chipotle Rewards program is expected to have supported customer acquisition, re-engagement and visit frequency. Following the program’s April relaunch, the company recorded a nearly 25% increase in daily enrollments. The continued rollout of high-efficiency equipment is likely to have aided CMG’s performance in the second quarter.

However, elevated input costs are likely to have pressured profitability. Chipotle anticipated cost of sales of approximately 30% of revenues in the quarter to be reported, reflecting mid-single-digit inflation and higher avocado, dairy and beef costs. Labor costs were expected to remain in the low-25% range, with wage inflation in the low-single digits.

Continued investments in technology, personnel and restaurant operations are also likely to have constrained margin expansion in the to-be-reported quarter. Our model predicts second-quarter restaurant-level margins to decline 240 basis points year over year to 25%.

What Our Model Says About CMG StockOur proven model predicts an earnings beat for Chipotle this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here.

Earnings ESP for CMG: Chipotle has an Earnings ESP of +0.84%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Chipotle’s Zacks Rank: The company currently carries a Zacks Rank #3.

Other Stocks With the Favorable CombinationHere are a few other stocks from the Zacks Retail-Wholesale sector, which, according to our model, also have the right combination of elements to post an earnings beat this reporting cycle.

BJ's Restaurants, Inc. (BJRI - Free Report) currently has an Earnings ESP of +7.51% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.

In the to-be-reported quarter, BJRI’s earnings are expected to decline 10.3%. BJRI’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, the average surprise being 136%.

Sweetgreen, Inc. (SG - Free Report) has an Earnings ESP of +11.54% and a Zacks Rank of 2 at present.

In the to-be-reported quarter, Sweetgreen’s earnings are expected to register a 35% year-over-year increase. Sweetgreen’s earnings missed estimates in each of the trailing four quarters, the average miss being 42.4%.

The Cheesecake Factory Incorporated (CAKE - Free Report) currently has an Earnings ESP of +2.76% and a Zacks Rank of 3.

In the to-be-reported quarter, Cheesecake Factory’s earnings are expected to register a 0.9% year-over-year increase. CAKE’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 6.7%.

BALA CYNWYD, Pa., July 24, 2026 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Permian Resources (PR - Free Report) , which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry.

When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 17.39%, on average, in the last two quarters.

For the last reported quarter, Permian Resources came out with earnings of $0.39 per share versus the Zacks Consensus Estimate of $0.38 per share, representing a surprise of 2.63%. For the previous quarter, the company was expected to post earnings of $0.28 per share and it actually produced earnings of $0.37 per share, delivering a surprise of 32.14%.

Price and EPS Surprise

Thanks in part to this history, there has been a favorable change in earnings estimates for Permian Resources lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Permian Resources currently has an Earnings ESP of +0.77%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on August 5, 2026.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

US Dollar Talking Points: The US Dollar retains a bullish look from weekly, daily and four-hour charts and next week brings the FOMC, which helped to fire the current rally back in June when they sounded more hawkish than expected. Next week also brings the BoE and BoJ, and USD/JPY has been a large component of that USD breakout of late as the pair has pushed to fresh 40-year highs.

US Dollar The FOMC rate decision in June is what finally helped USD bulls to take a big step forward and from the weekly chart, that move is still quite evident although it started to stall shortly after running into the Fibonacci level at 101.80.

Since then, the pullback retained structure as shown by a bull flag formation, and that led into topside breakout this week after the European Central Bank rate decision.

US Dollar Daily Chart Chart prepared by James Stanley; data derived from Tradingview USD Shorter-Term Going into next week we have a bullish short-term trend to go along with that bullish bigger picture backdrop and there’s a few different spots to investigate for possible higher-low support in the Dollar. Nearby is the 101.20 and 101 areas, with 100.90, 100.65 and 100.36-100.44 areas.

Of course, as usual, the big question draws down to USD counterparts as the DXY basket is simply a composition of underlying currencies, so for strength themes to continue to play, we’ll likely need to see continued weakness in markets like the Euro or Japanese Yen.

US Dollar Four-Hour Price Chart Chart prepared by James Stanley; data derived from Tradingview USD/JPY

As looked at earlier in the week the Bank of Japan is between a rock and a hard place. It’s difficult to pick between either defending the Yen or supporting growth, especially given the bigger picture for the Japanese economy with a dwindling population and the hangover of decades of deflation and disinflation.

This helps to explain why, to this point, there hasn’t been much more than band aids applied to the matter in the form of interventions which, essentially, have been long opportunities for bulls after the dust has settled.

As we go into next week the BoJ is not expected to hike but I’d be surprised if Ueda doesn’t try to address the matter in some form, as failing to do so could lead to an aggressive continuation of a slide that would force the MoF into action. And that would cost capital in the form of burning finite FX reserves to bid down a move that their own rate policy is encouraging, so more likely from here, at least in my opinion, is we hear Ueda try to sound tough on inflation without doing anything concrete.

The more attractive scenario is if it would be enough to bring a pullback without too much to reverse the trend. Of course, we have the Fed to get through before that so the way that USD markets respond there will have impact to how USD/JPY sets up into the BoJ.

From a technical basis, 162.95 was resistance as an ascending triangle built and it hasn’t yet come in as support, so this would be an ideal area to look for bullish defense. Below that, 161.81 is of note before 160.64 comes into play.

USD/JPY Daily Chart Chart prepared by James Stanley; data derived from Tradingview EUR/USD In the USD video on StoneX coming into this week, I shared my opinion that it was EUR/USD dynamics that would determine USD flows and that’s ended up as the case after the European Central Bank rate decision on Thursday.

That led to a bearish break of the bear flag in the EUR/USD pair which went along with the bullish break of the bull flag in the USD.

For next week, bears have an open door to make a move here as we have a bearish short-term setup and a bearish long-term setup, and that Thursday candle was both a bearish engulf as well as the downside break of the flag formation.

EUR/USD Daily Chart Chart prepared by James Stanley; data derived from Tradingview GBP/USD In the effort of balance, I often try to find something on the other side of the USD especially when there’s so many items pointing in a single direction. I’ve been tracking GBP/USD for USD-weakness setups and while that was attractive in early trade last week, as the pair broke out to a fresh higher-high on the US PPI report, the backdrop since has been unforgiving as USD strength has come roaring back.

For next week, there’s a BoE rate decision and that could be meaningful, particularly if Warsh sounds less hawkish than he did in June. Given the relative weakness in equities there may be reason for him to push in that direction and if that happens, I think GBP/USD could be one of the more attractive spots to look for Dollar weakness.

That said, price action on the four hour is bearish, so bulls have some work to do here if they’re going to turn this into a rally. There has been a bit of stalling around the 1.3300 but it’s 1.3390 that I would like to see come into play in order to set up that theme, after which higher-low potential could create a set up to work with.

GBP/USD Four-Hour Price Chart Chart prepared by James Stanley; data derived from Tradingview --- written by James Stanley, Senior Market Analyst, Global Macro

Key Takeaways Crocs brand, DTC and international growth are expected to support second-quarter sales and earnings.HEYDUDE faces continued pressure from weak U.S. demand, tariffs and wholesale channel resets.CROX's earnings outlook is tempered by a Sell Rank despite attractive valuation and recent share gains. Crocs, Inc. (CROX - Free Report) is scheduled to release second-quarter 2026 results on July 30, before market open. The Zacks Consensus Estimate for revenues is pegged at $1.2 billion, indicating a drop of 0.2% from the prior-year figure.

The consensus estimate for earnings per share has risen a couple of cents in the past seven days to $4.32. The estimate indicates a rise of 2.1% from the year-ago period’s number.

The Broomfield, CO-based company has a trailing four-quarter earnings surprise of 13.6%, on average. In the last reported quarter, its bottom line surpassed the Zacks Consensus Estimate by 7.6%.

Key Factors to Note Ahead of CROX’s ResultsCrocs’ quarterly results are likely to reflect gains from brand strength, consumer demand and the strength of its core product categories, including clogs and sandals. The company has consistently performed well in these segments, supported by effective pricing strategies and strong brand appeal. Its personalization engine, particularly the Jibbitz business, has also shown steady growth.

Additionally, Crocs' solid performance in its direct-to-consumer (DTC) channel and international division is expected to have further offered a boost. The Zacks Consensus Estimate for the company’s DTC and international revenues is currently pegged at $646 million and $546 million, respectively, showing corresponding increases of 10.4% and 8.8% from the year-ago period.

However, the company has been witnessing persistent softness in its HEYDUDE brand, which, coupled with a tough macroeconomic environment, is likely to have negatively impacted sales. Crocs’ HEYDUDE brand continues to face headwinds, with softness due to cautious U.S. consumer, elevated tariffs and wholesale channel pressures. The brand is navigating a prolonged reset in North America, marked by incremental inventory returns, wholesale cleanups and a pullback in performance marketing to improve profitability.

On its last earnings call, management had expected revenues to fall slightly year over year at currency rates as of April 27, 2026, with the Crocs brand up 1-3% and HEYDUDE down 14-12% from the second-quarter 2025 actuals. It had anticipated adjusted operating margin of 24.7% and adjusted earnings of $4.15-$4.35 per share. The consensus mark for the company’s HEYDUDE brand’s revenues is currently pegged at $167 million, indicating a decline of 12.1% from the year-ago period.

What Our Zacks Model Unveils for CrocsOur proven model does not conclusively predict an earnings beat for Crocs this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

Crocs currently has an Earnings ESP of -0.12% and a Zacks Rank #4 (Sell).

CROX’s Valuation PictureFrom a valuation perspective, Crocs offers an attractive opportunity, trading at a discount relative to the historical and industry benchmarks. With a forward 12-month price-to-earnings ratio of 9.6X, which is below the five-year high of 21.6X and the Textile - Apparel industry’s average of 15.7X, the stock offers compelling value for investors seeking exposure to the sector.

The recent market movements show that Crocs’ shares have gained 29.7% in the past three months compared with the industry's 5.1% growth.

Stocks With the Favorable CombinationHere are some companies, which according to our model, have the right combination of elements to post an earnings beat:

SharkNinja, Inc. (SN - Free Report) currently has an Earnings ESP of +1.29% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.

SN is likely to register bottom and top-line growth when it reports second-quarter 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $1.6 billion, indicating a 13.5% increase from the figure reported in the year-ago quarter.

The consensus estimate for SN’s second-quarter earnings is pegged at $1.09 per share, implying 12.4% growth from the year-ago quarter’s actual. The consensus mark has dipped a penny in the past 30 days.

MGM Resorts International (MGM - Free Report) currently has an Earnings ESP of +0.08% and a Zacks Rank of 3. MGM is likely to register a top-line increase when it reports second-quarter 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $4.5 billion, indicating a 1.5% rise from the figure reported in the year-ago quarter.

The consensus estimate for MGM Resorts’ second-quarter earnings is pegged at 60 cents a share, implying a 24.1% decrease from the year-earlier quarter. The consensus mark has been stable in the past 30 days.

Cintas Corporation (CTAS - Free Report) currently has an Earnings ESP of +0.09% and a Zacks Rank of 3. CTAS is likely to register bottom and top-line growth when it reports first-quarter fiscal 2027 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $3 billion, indicating 9.2% growth from the figure reported in the year-ago quarter.

The consensus estimate for CTAS first-quarter earnings is pegged at $1.35 a share, implying a 12.5% increase from the year-earlier quarter. The consensus mark has been stable in the past 30 days.

Gentex Corporation (GNTX) Q2 2026 Earnings Call July 24, 2026 9:30 AM EDT

Company Participants

Josh O'Berski - Vice President of Investor Relations
Steven Downing - President, CEO & Director
Kevin Nash - VP of Finance, CFO, Treasurer & Chief Accounting Officer
Neil Boehm - COO & CTO

Conference Call Participants

Joseph Spak - UBS Investment Bank, Research Division
Davis Baker - Robert W. Baird & Co. Incorporated, Research Division
James Picariello - BNP Paribas, Research Division
Josh Nichols - B. Riley Securities, Inc., Research Division
Mark Delaney - Goldman Sachs Group, Inc., Research Division
David Whiston - Morningstar Inc., Research Division
Rajat Gupta - JPMorgan Chase & Co, Research Division

Presentation

Operator

Good day, and thank you for standing by. Welcome to the Gentex Reports Second Quarter 2026 Financial Results Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Josh O'Berski, Vice President of Investor Relations.

Josh O'Berski
Vice President of Investor Relations

Thank you. Good morning, and thank you for joining us today for our second quarter 2026 earnings conference call. I'm Josh O'Berski, Gentex's Vice President of Investor Relations. And with me today are Steve Downing, President and CEO; Neil Boehm, COO and CTO; and Kevin Nash, Vice President of Finance and CFO.

Please note that a replay of this conference call webcast, along with edited transcripts will be available following the call in the Investors section of our website at ir.gentex.com. Many of the statements made today during the call are forward-looking and reflect our current expectations. These statements involve a number of risks and uncertainties, both known and unknown, including those described in our press release issued this morning and in our annual report on Form 10-K for the year ended December 31, 2025, as well as general economic conditions.

Key Takeaways WM's Q2 revenues are expected to rise 4.4% y/y to $6.7 billion, with EPS up 3.7% to $1.99.Collection and disposal revenues are projected at $5.5 billion, nearly 82% of WM's quarterly sales.WM's renewable energy revenues are expected to rally 47%, helped by RNG, automation and new markets. WM (WM - Free Report) is scheduled to release second-quarter 2026 results on July 28, 2026, after market close.

WM surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, the average earnings surprise being 0.6%.

WM’s Q2 ExpectationsThe Zacks Consensus Estimate for revenues is pegged at $6.7 billion, implying a 4.4% gain from the year-ago quarter’s actual. The top line is expected to have been driven by solid momentum across the total collection and disposal segment, contributing toward the majority of the top line. The remaining segments are anticipated to have contributed meaningfully to the top line as well.

The consensus estimate for total collection and disposal segment revenue is set at $5.5 billion, suggesting a 3.9% year-over-year rise. This segment is expected to account for nearly 82% of the top line in the second quarter of 2026. Revenue gains in this segment are likely to have stemmed from a focus on customer lifetime value, continuous operational improvement and network advantages.

For the recycling processing and sales segment, the consensus estimate for revenues is $397 million. This represents a 4.2% increase from the year-ago quarter’s actual. The Zacks Consensus Estimate for the WM renewable energy segment’s revenues is $169 million, suggesting a 47% year-over-year jump. Key drivers of recycling and renewable segments’ expansion likely include investments in renewable natural gas facilities, recycling automation and new market projects.

The consensus estimate for the WM healthcare solutions revenues hints at marginal year-over-year growth to $647 million. For the corporate and other segment, the Zacks Consensus Estimate is pinned at $7 million, suggesting no change from the year-ago quarter’s reported figure.

The consensus estimate for earnings per share is pegged at $1.99, hinting at a 3.7% increase from the year-ago quarter’s actual. Bottom-line growth is anticipated to have been driven by operational efficiencies and expanding margins across segments, capturing the growth momentum. Automation and AI-fueled technological support are expected to have been the prominent growth drivers as well.

What Our Model Predicts About WMOur proven model does not conclusively predict an earnings beat for WM this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

WM currently has an Earnings ESP of -1.31% and a Zacks Rank #3.

Stocks to ConsiderHere are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.

Clean Harbors (CLH - Free Report) : The Zacks Consensus Estimate for the company’s second-quarter 2026 revenues is pinned at $1.6 billion, indicating 4.8% year-over-year growth. For earnings, the consensus estimate is pegged at $2.73 per share, implying a 15.7% jump from the year-ago quarter’s actual. The company beat the consensus estimate in three of the four quarters and missed once, with an average negative surprise of 0.02%.

CLH has an Earnings ESP of +3.82% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The company is scheduled to declare second-quarter 2026 results on July 29.

Veralto Corporation (VLTO - Free Report) : The Zacks Consensus Estimate for the company’s second-quarter 2026 revenues is $1.4 billion, suggesting a 4.9% year-over-year rise. For earnings, the consensus estimate is kept at a dollar per share, gaining 7.5% from the year-ago quarter’s actual. The company beat the consensus estimate in the trailing four quarters, with an average surprise of 4.9%.

VLTO has an Earnings ESP of +0.77% and a Zacks Rank of 3 at present. The company is scheduled to declare second-quarter 2026 results on July 28.

Key Takeaways Xylem is expected to post higher Q2 revenues and earnings, led by infrastructure and water solution demand.XYL may benefit from smart metering demand, backlog execution and contributions from the Vacom acquisition.Xylem faces margin pressure from higher material, labor, freight and strategic investment costs. Xylem Inc. (XYL - Free Report) is scheduled to release second-quarter 2026 results on July 28, before market open.

The Zacks Consensus Estimate for XYL’s second-quarter revenues is pegged at $2.33 billion, indicating growth of 1.2% from the prior-year quarter’s number. The consensus mark for earnings is pinned at $1.34 per share, which has been stable in the past 60 days. The figure indicates an increase of 6.4% from the year-ago quarter’s figure.

The company’s earnings surpassed the Zacks Consensus Estimate thrice in the trailing four quarters and matched the mark in one, the average surprise being 5.9%.

Let’s see how things have shaped up for Xylem this earnings season.

Factors Likely to Have Shaped XYL’s Quarterly PerformanceStrength in the transport application business, aided by increased infrastructure projects in the United States, is likely to have supported the Water Infrastructure segment’s performance. The Zacks Consensus Estimate for the Water Infrastructure segment’s revenues is pegged at $664 million, indicating 2.2% growth from the year-ago figure.

An increase in demand for advanced metering infrastructure solutions, like smart and energy metering, and strong backlog execution are likely to have augmented the performance of the Measurement & Control Solutions (M&CS) segment. The Zacks Consensus Estimate for the M&CS segment’s revenues is pinned at $538 million, almost in line with the year-ago quarter’s figure.

Strength in the Applied Water segment, supported by higher demand for commercial building solutions applications, including pumps, valves and dispensing equipment, is likely to augment the segment’s results. The Zacks Consensus Estimate for the Applied Water segment’s revenues is pegged at $492 million, indicating 1.9% growth from the year-ago figure.

Recovery in Xylem’s dewatering applications business across utility and power end markets is likely to augment the Water Solutions and Services segment’s results. The Zacks Consensus Estimate for the Water Solutions and Services segment’s revenues is pegged at $636 million, indicating 1.3% growth year over year.

The company’s acquisition of Vacom Systems (in April 2025), a wastewater treatment company, enhanced its capabilities in providing sustainable water solutions. This buyout is expected to bolster the company’s top-line results in the to-be-reported quarter.

However, XYL’s bottom line is likely to have reflected the impact of high raw material costs, labor, freight and overhead costs in the second quarter. Also, increased spending on strategic investments is expected to have hurt its margins.

Earnings WhisperOur proven model does not conclusively predict an earnings beat for Xylem this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as elaborated below.

Earnings ESP: Xylem has an Earnings ESP of -0.34%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

Zacks Rank: XYL presently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks to ConsiderHere are some companies, which according to our model, have the right combination of elements to beat on earnings in this reporting cycle.

Crane Company (CR - Free Report) has an Earnings ESP of +4.73% and a Zacks Rank of 2 at present. The company is scheduled to release second-quarter 2026 results on July 28.

Crane’s earnings surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 11.3%.

Ingersoll Rand Inc. (IR - Free Report) has an Earnings ESP of +0.61% and a Zacks Rank of 3 at present. The company is slated to release second-quarter 2026 results on July 30.

Ingersoll Rand’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters while matching the mark in two, the average surprise being 2.4%.

Illinois Tool Works Inc. (ITW - Free Report) has an Earnings ESP of +0.31% and a Zacks Rank of 3 at present. The company is slated to release second-quarter 2026 results on July 28.

Illinois Tool’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 2.8%.

Capital One (COF) is rated Strong Buy with a $260 price target, 26% above current levels, driven by technology-led competitive advantages. COF's cloud-native infrastructure, AI leadership, and ownership of the Discover network position it for payments-grade returns on tangible equity. Despite low-20s% normalized ROTCE post-integration, COF trades at ~9.4x forward earnings and ~1.9x tangible book, a deep discount to peers like Amex.

Store

SubscribeSign In

My Subscriptions

Founder's ClubSwingTraderLeaderboardMarketSurgeeIBDIBD DigitalIBD LiveCustomer Center

My Stock Lists

Email Preferences

Help & Support

Sign Out

Search stocks or keywords

Sections

My IBD

MARKET TREND

STOCK LISTS

STOCK RESEARCH

NEWSECONOMY

VIDEOS & PODCASTS

HOW TO INVESTEDUCATIONAL RESOURCESStoreMy Products

Founder's ClubSwingTraderLeaderboardMarketSurgeeIBDIBD DigitalIBD Live

Recently Searched

United Rentals, These Other Top Stocks Hit Record Highs While Rest Of Market Snoozes

Nasdaq Dives As Red Sea Attacks Propel Oil Prices; Alphabet, Tesla Plunge Post-Earnings

Stocks Slammed As Oil, Yields Surge Again; Applied Materials, Viking, United Rentals In Focus Stocks from four different sectors have been clinging to new highs amid the tech sector sell-off during June and July. One of them is finance name KeyCorp (KEY), which broke out of a cup-with-handle base at a pivot of 22.55 in June before making it to a four-year high last week. KeyCorp provides deposit, lending, cash management, and investment services…

Copyright ©2026 Investor's Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Perpetual decentralized exchange (DEX) Hyperliquid’s weekly trading volume in tokenized real-world assets (RWAs) exceeded that of all other asset categories combined for the first time.

RWAs generated $25.1 billion in trading volume from July 13 to July 19, accounting for 52% of Hyperliquid’s total weekly volume of $48.2 billion, according to Blockworks data.

“Hyperliquid’s RWA market alone was larger than the combined crypto perpetual volume of every other DEX,” wrote ARK Invest’s research director for digital assets, Lorenzo Valente, in a Thursday X post.

The milestone reflects growing demand for tokenized assets on Hyperliquid. Over the past month, RWA holders grew by 32% to 1.25 million users, while the total value of tokenized RWAs rose by 3.5% to $36.7 billion, according to data aggregator RWA.xyz.

Hyperliquid generated $7.6 million in revenue over the past week, according to DefiLlama. The perp DEX ranked third among crypto applications by weekly revenue, behind stablecoin issuers Tether and Circle, which generated $112 million and $45 million, respectively.

Hyperliquid: Perpetual Futures Volume, 2-year chart. Source: Blockworks

Major “structural shift” for crypto markets: Circle co-founderCrypto-native firms and traditional financial institutions have expanded tokenized asset offerings as they bring more financial assets onto blockchain networks. In March, the NYSE partnered with tokenization platform Securitize to develop blockchain-based stock trading infrastructure with 24/7 trading and settlement.

Circle co-founder and CEO Jeremy Allaire said growing RWA trading on Hyperliquid marks a “major structural shift” in crypto markets, moving “away from speculating on endogenous digital commodities,” in a Friday X post.

Earlier in July, Pantera Capital said perpetual futures could become a dominant trading instrument beyond crypto, as perps offer structural advantages over traditional derivatives, including 24/7 trading, no contract expiries, simpler position management and continuous price discovery.

Hyperliquid’s growth has drawn attention from Wall Street institutions, including NYSE parent Intercontinental Exchange (ICE), whose CEO, Jeffrey Sprecher, urged regulators to create a “level playing field” for launching 24/7 onchain perpetual futures contracts.

Magazine: How Hong Kong is turning tokenized bonds into real market infrastructure

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Duan Yongping has sold SpaceX put options with a strike price of $92.

Renowned investor Duan Yongping stated yesterday in response to a community user's question that he has started selling put options on SpaceX. This is his typical "potential acquisition" strategy. According to the live trading records of the SpaceX put options Duan shared, his quoted price was around 23.20, with actual execution at 23.26 (1,000 contracts), earning him a premium of approximately $2.32 million. Calculated over a 5-month term, the yield is roughly 25.35%, with an annualized return of about 60%. He noted, "I want to support Elon Musk's dream."

1 hours ago

The United States and the United Kingdom plan to discuss forming an international alliance to protect maritime shipping in the Strait of Hormuz.

According to AXIOS: European diplomats say the U.S. and the U.K. are discussing holding a high-level meeting in London next week, with the meeting focusing on a potential plan to establish an international coalition to protect maritime shipping in the Strait of Hormuz.

1 hours ago

A prominent trader says Bitcoin’s cycle is accelerating, and firmly believes this cycle will still hit a new high before the halving.

Renowned trader Killa (@KillaXBT) stated in a post that Bitcoin’s cycle is accelerating. The previous cycle took just 476 days to rise from its bottom to a new all-time high (ATH), far faster than the two prior cycles. He forecasts this cycle will also hit a new high ahead of the next halving. Killa, a BTC-focused quantitative trader, accurately predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 before switching to long positions during the broad market sell-off on June 5.

1 hours ago

Qualcomm notifies its customers it can no longer absorb price hikes, and will raise prices by double-digit percentages.

Bloomberg cited a letter reporting that Qualcomm has informed its clients it can no longer absorb price hikes and will implement double-digit percentage price increases. Following the news, BIT (bit.com) market data shows Qualcomm’s decline narrowed, while Nvidia climbed 1.2% to hit a new daily high.

1 hours ago

OpenAI CEO: Hopes the U.S. wins in the open-source AI sector, and is "pleased to see" Jensen Huang's remarks.

OpenAI CEO Sam Altman said he hopes the U.S. will lead in both open-source AI and proprietary AI models, adding that he "welcomes" the statement Nvidia’s CEO made on social media regarding the open letter jointly issued by over 20 U.S. tech companies.

1 hours ago

Hyperliquid’s [HYPE] aggressive correction resumed after pausing on the 6th of July. The decline returned HYPE to one of its most closely watched support zones.

However, on-chain activity showed that long-term holders were increasing their exposure rather than exiting.

Recently, a single entity staked 1.49 million HYPE, worth roughly $88.2 million.

Source: Onchain Lens The entity distributed the stake across eight wallets, reducing its concentration within a single address.

Reports indicated that the wallets held their tokens for about nine months before staking them. That holding period suggested long-term positioning rather than short-term trading activity.

Why are holders staking more HYPE? The large deposit was part of a broader increase in Hyperliquid’s staking activity.

According to AMBCrypto’s recent analysis, Hyperliquid’s Network data recorded a 40% increase in Net Staking Flows. This pushed the total amount of staked HYPE to around 436 million tokens.

The increase could influence HYPE’s price because staking reduces the supply immediately available for trading.

However, staking alone cannot guarantee price appreciation.

Sustained inflows may still indicate that holders prefer earning staking rewards over selling during market weakness. In HYPE’s case, the timing aligned with the token’s return to a Demand Zone that previously attracted buyers.

This left traders watching whether reduced liquid supply could help stabilize HYPE’s correction.

Source: Staking Rewards Can HYPE defend the $52 zone? On the daily chart, HYPE’s broader Market Structure remained bullish despite its recent pullback. The decline returned HYPE to the $52–$58 Demand Zone.

This area previously produced several rebounds, making it an important level for buyers.

The zone also overlapped with the 200-day Exponential Moving Average [EMA] at $57.09.

Although HYPE traded below its 20-day and 50-day EMAs, the 200-day EMA remained a longer-term support reference.

If support holds alongside elevated staking, long-term holders may be absorbing available supply during the correction. By contrast, a decisive break below $52 could weaken the broader bullish structure and invite further selling.

The $64 resistance level remained the next major target if buyers regained control.

Source: TradingView Therefore, HYPE’s next move could depend on whether staking conviction translates into demand around $52–$58.

Final Summary HYPE returned to major support while Net Staking Flows increased by 40%. Holding $52 could support recovery, while a breakdown may deepen the correction.

Key Takeaways Generac's Q2 sales and earnings estimates imply year-over-year growth of 11% and 18.2%.Data center demand and hyperscale opportunities are expected to power C&I growth in the quarter.Q2 adjusted EBITDA margin is expected near 18%, with faster improvement projected later in 2026. Generac Holdings Inc. (GNRC - Free Report) will report second-quarter 2026 results on July 29, before the market opens.

The Zacks Consensus Estimate for revenues is pinned at $1.18 billion, up 11% from the prior-year reported number. The consensus estimate for earnings is $1.95 per share, up 18.2% year over year. The estimate has remained unchanged in the past 60 days.

GNRC’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, delivering an average surprise of 7.4%.

Price Performance
Image Source: Zacks Investment Research

In the past year, shares of the company have gained 34.1% compared with the Zacks Manufacturing-General Industrial industry’s growth of 3.5%.

Factors at Play Ahead of GNRC’s Q2 ResultsGenerac entered second-quarter 2026 against a backdrop of increasing momentum in its Commercial & Industrial (C&I) segment, driven by robust data center demand, while Residential trends remain more back-half weighted.

Management guided to second-quarter consolidated net sales growth of approximately 9% to 10% year over year, with growth entirely driven by the C&I segment. On the last earnings call, the company highlighted that it was in the final stages of vendor approval with two hyperscale customers. It has also been witnessing backlog expansion for these products with both current and new customers.

Generac’s data center backlog reached more than $700 million at the first quarter-end, representing a roughly $300 million increase since mid-February and providing visibility into 2027 deliveries. Importantly, this number excludes a nonbinding notice to proceed for $600 million in hyperscale data center deliveries expected in 2027, indicating substantial upside potential as the pipeline converts into firm orders. The company has been focused on capacity expansion for large megawatt generators to support accelerating demand.

Within the Residential segment, meaningful growth is skewed toward the second half of 2026, driven by home standby generator, supported by easier comparisons.

Within residential energy technology, ecobee has been emerging as a strategic asset, with more than 5 million connected homes and increased energy services and subscription sales. With the integration of PWRcell 2, PowerMicro microinverter and next-gen standby generators with ecobee, Generac aims to create a differentiated residential energy ecosystem.

Generac expects second-quarter adjusted EBITDA margins to be 18%, representing modest year-over-year expansion. Margin improvement is expected to accelerate in the back half of the year, driven by operating leverage on higher volumes and contributions from the Enercon acquisition.

Nonetheless, volatile macroeconomic conditions, including tariff troubles, stiff competition and increasing operating costs remain additional concerns for Generac.

Heavy reliance on the residential business exposes Generac to weather-driven volatility. Further, data center market expansion brings its own set of concerns. With increasing reliance on this end market, Generac is exposed to cyclical capital spending cycles in AI and data centers. Any delays in manufacturing capacity expansion could also weigh on growth targets.

Also, Residential energy growth in 2025 was largely driven by Puerto Rico’s energy grant-related program. However, with the completion of the program, energy storage systems declined in the first quarter. GNRC is also recalibrating its investments and expects the solar and storage market to contract in 2026 due to reduced U.S. federal incentives.

Key HighlightsOn June 15, 2026, Generac announced an expansion of its packaging capacity for large-megawatt generators through the acquisition of a new facility in Belvidere, IL.

On June 2, 2026, Generac announced a supply agreement with a major hyperscale data center operator to provide backup power generators for its data center infrastructure following a comprehensive qualification and audit process.

What Does Our Model Unveil for GNRC?Our proven model does not predict an earnings beat for Generac this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. This not the case here.

Generac has an Earnings ESP of 0.00% and a Zacks Rank #2 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks to ConsiderHere are a few stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season.

Celestica (CLS - Free Report) currently has an Earnings ESP of +1.86% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Celestica is scheduled to report quarterly earnings on July 27. The Zacks Consensus Estimate for CLS’ to-be-reported quarter’s earnings and revenues stands at $2.29 per share and $4.35 billion, respectively. Shares of Celestica have gained 96.7% in the past year.

Seagate Technology Holdings plc (STX - Free Report) has an Earnings ESP of +1.75% and a Zacks Rank #1 at present. STX is scheduled to report quarterly figures on July 28. The Zacks Consensus Estimate for Seagate Technology’s to-be-reported quarter’s earnings and revenues is pinned at $5.10 per share and $3.49 billion, respectively. Shares of Seagate Technology are up 505.3% in the past year.

Teradyne (TER - Free Report) has an Earnings ESP of +0.59% and a Zacks Rank #2 at present. The company is scheduled to report quarterly figures on July 28. The Zacks Consensus Estimate for Teradyne’s to-be-reported quarter’s earnings and revenues is pinned at $2.04 per share and $1.22 billion, respectively. Shares of Teradyne are up 314.6% in the past year. 

WSFS Financial NASDAQ: WSFS reported second-quarter 2026 core earnings per share of $1.66, core return on assets of 1.55% and core return on tangible common equity of 20.2%, with management citing growth in fee businesses, deposits and selected lending categories.

Chief Financial Officer David Burg said core net income rose 19% from a year earlier, while core pre-provision net revenue increased 10%. Core EPS grew 31% year over year, and tangible book value per share increased 13%.

Get WSFS Financial alerts:

Core results excluded a $1.8 million reduction in net income, or $0.03 per share, primarily associated with the write-down of an equity investment, as well as the previously disclosed gain on the sale of the company’s credit-card portfolio.

Margin Expands as Deposit Costs Decline Net interest margin expanded 4 basis points from the first quarter to 3.87%. Burg attributed the increase to a 4-basis-point decline in client deposit costs and higher investment-security yields. The company’s interest-bearing deposit beta remained at 46%.

Management updated its full-year 2026 outlook based on an assumption that the federal funds rate will not change during the remainder of the year. WSFS now expects net interest margin of approximately 3.85% for the year.

During the question-and-answer session, Burg said the company expects to manage its margin despite a more competitive deposit environment. WSFS has allowed some higher-cost deposits to run off during the first half because of its liquidity position, he said, but may need to raise rates in certain areas to remain competitive and support client growth.

“We want to make sure that we remain competitive,” Burg said, noting that deposit competition had increased during the prior six months. “There could be some upward pressure on deposit costs.”

Fee Revenue and Institutional Services Growth Core fee revenue, which represented nearly one-third of total revenue, increased 2% from the first quarter and 5% from a year earlier. Wealth and trust revenue grew 17% year over year.

Within Institutional Services, corporate trust revenue rose 28% year over year and global capital markets revenue increased 58%, according to Burg. The company said it continued to win mandates and gain market share in those businesses.

For the first half of 2026, WSFS ranked as the third-most-active asset-backed securities and mortgage-backed securities trustee by deal count, increasing its market share to 14% from 11.7% in 2025, Burg said. Bryn Mawr Trust Company of Delaware, the company’s personal trust operation, grew 20% year over year as new accounts increased.

Cash Connect fees declined from a year earlier because of interest-rate cuts and lower volumes. However, the business delivered a 15% profit margin for the second consecutive quarter.

Burg told analysts that the ABS and MBS market has continued to expand, with industry growth of roughly 20% to 30%, while WSFS has also increased its share. He said the company’s ability to move quickly and provide service has helped it compete with larger players, though he cautioned against extrapolating the current pace of market growth.

Deposits, Loans and Asset Quality Client deposits increased 3% sequentially and 11% year over year, led by Institutional Services and commercial banking. Non-interest-bearing deposits climbed 10% from the first quarter and accounted for 37% of total client deposits, compared with 31% a year earlier. Average deposits rose 3% sequentially and 8% year over year.

Burg said approximately 80% of the quarter’s non-interest-bearing deposit growth came from Institutional Services, split between corporate trust and global capital markets, with the remaining 20% coming from commercial banking. He said the company historically has operated with non-interest-bearing deposits in the low 30% range and would view a low-to-mid-30% level as a favorable sustainable range.

Gross loans increased 1% from the prior quarter, equivalent to a 5% annualized pace. Commercial and industrial loans rose 2% sequentially, or 8% annualized. Residential mortgages and WSFS home-equity loans increased 10% sequentially and 23% year over year.

Chairman, President and CEO Rodger Levenson said client sentiment appeared constructive despite cost pressures and uncertainty tied to geopolitical developments and energy volatility. He said businesses were continuing to invest in a relatively stable economic environment, supporting the company’s commercial loan pipeline.

Management said home-lending growth may moderate after a strong spring selling season. Burg said the residential pipeline had declined somewhat as the seasonal market slowed and rates rose.

Asset-quality measures improved during the quarter. Problem assets fell 6% sequentially and 31% year over year, aided by commercial payoffs. Delinquencies declined 5% from the first quarter and nearly 40% from a year earlier, while nonperforming assets fell 8% sequentially and nearly 25% year over year.

Net charge-offs were $7.1 million, or 21 basis points of average loans. Excluding the prior quarter’s loan recovery, net charge-offs declined $5.1 million sequentially because of lower commercial charge-offs. Management said office properties remain a challenging area, but it did not identify a broader portfolio trend or asset-class concern.

Capital Returns and Updated Outlook WSFS returned $77 million of capital during the second quarter, including $66 million of share repurchases. Year to date, the company repurchased more than 4% of its outstanding shares and returned approximately 100% of net income to shareholders.

Burg said the company’s first priority remains investing in the business at attractive returns. Management said it would consider acquisitions that are additive to its strategy, including potential opportunities in fee businesses and wealth management, but Levenson said the bar for bank acquisitions would be high given the company’s organic opportunities in its existing markets.

Full-year return on assets outlook was raised to 1.50%, with potential for modest upside. Deposit growth outlook was raised to the high-single-digit range. Fee revenue growth, excluding Cash Connect, is expected in the mid-to-high-single-digit range. Expected net charge-offs were lowered to 15 to 25 basis points of average loans for the year. The company maintained its efficiency outlook in the high-50% range. Burg said expenses could remain around current levels or be somewhat lower, though variable compensation, transaction-related costs, health-care expenses and fraud-related costs could create quarterly variability. He said the company is pursuing cost initiatives involving vendor spending, real estate optimization and exits from businesses that are not central to its strategy.

About WSFS Financial (NASDAQ:WSFS)WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in WSFS Financial Right Now?Before you consider WSFS Financial, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WSFS Financial wasn't on the list.

While WSFS Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

Get This Free Report

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at First BanCorp (FBP - Free Report) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. First BanCorp currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if FBP is a promising momentum pick, let's examine some Momentum Style elements to see if this holding company for FirstBank Puerto Rico holds up.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.

For FBP, shares are up 2.85% over the past week while the Zacks Banks - Foreign industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 8.7% compares favorably with the industry's 3.18% performance as well.

Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of First BanCorp have increased 18.82% over the past quarter, and have gained 37.58% in the last year. In comparison, the S&P 500 has only moved 4.48% and 17.65%, respectively.

Investors should also take note of FBP's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now FBP is averaging 1,513,627 shares for the last 20 days..

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with FBP.

Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost FBP's consensus estimate, increasing from $2.25 to $2.36 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineGiven these factors, it shouldn't be surprising that FBP is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep First BanCorp on your short list.

Pooled Vaults Put Professional Strategies Within ReachAster DEX, the BNB Chain-based perpetual decentralized exchange, has launched the beta version of its Vault product, a copy-trading feature that lets users access actively managed strategies without needing to execute individual trades themselves.

Under the Vault model, users deposit USDT or USD1 into a pooled structure and receive a proportional share of any gains or losses based on their ownership stake. Each vault is controlled by a single designated trader, and key terms including lock-up periods, profit-sharing arrangements, and transparency settings are disclosed to depositors before any funds are committed.

The structure is designed to lower the barrier for less active traders who want market exposure without the time or expertise required to manage positions directly. By disclosing terms upfront, the product also addresses a common friction point in copy-trading: a lack of clarity around fees and exit conditions.

Where Vault Fits in Aster's Broader RoadmapThe Vault beta arrives as Aster continues to expand its product suite beyond core perpetual trading. Social and copy-trading capabilities were already planned as part of the platform's Q2 2026 build-out, with tools intended to let users identify and follow high-volume traders. The Vault feature is a concrete step in that direction.

Aster is a multi-chain perpetuals DEX built to deliver professional-grade trading through a tightly integrated stack. The platform supports hidden limit orders, 24/7 stock perpetuals alongside crypto markets, and settles positions fully on-chain in a non-custodial manner, with users able to connect wallets across BNB Chain, Ethereum, Solana, or Arbitrum.

The exchange received seed-round investment from YZi Labs, formerly Binance Labs. Aster also launched a tokenomics update earlier this year with an automated buyback and burn mechanism, allocating 99% of daily platform fees to $ASTER buybacks and reducing total supply from 8 billion to 3 billion tokens.

The Vault beta is live now. Terms vary by vault and users are advised to review lock-up and profit-sharing conditions before depositing.

Sources:
Aster DEX Official Roadmap
CoinMarketCap: Aster Latest Updates
Coin Bureau: What Is Aster Crypto?

In brief Strategy published new and updated investor metrics, saying its shift from convertible debt toward preferred-equity "digital credit" requires fresh yardsticks. The centerpiece, "net Bitcoin per share," measures the Bitcoin left for common shareholders after $22.3 billion in debt and preferred claims The firm also redefined mNAV under a new metric that restored it to its 1.0x par and recast "amplification" as a roughly 1.5x equity multiplier. Strategy has overhauled the metrics it uses to value its Bitcoin, rolling out a set of new "net" measures that strip out debt and preferred-stock claims to show how much of its stash actually belongs to common shareholders.

New and updated market metrics are live at https://t.co/yIv7IimRdf. As Digital Credit becomes a larger portion of our balance sheet, we've sharpened our precision based on investor feedback. This video walks through what's new and why.
00:00 - Intro to Strategy's new and updated… pic.twitter.com/ndCoDc9PDW

— Strategy (@Strategy) July 23, 2026

In a 30-minute video posted to its investor site, the company's head of investor relations Chaitanya Jain said the metrics had to "evolve" as the business moved "from an era of convertible debt to now a focus on digital credit," and pointed to investor demands for clarity. Executive chairman Michael Saylor put it more grandly, tweeting that, "Bitcoin Capital Markets require a new financial language."

The centerpiece is "net reserve," about $35 billion—what is left after subtracting $22.2 billion in senior claims ($15.5 billion of preferred stock and roughly $6.8 billion of out-of-the-money convertible debt) from Strategy's $57 billion Bitcoin pile (843,775 BTC) and $3.2 billion of cash. Dividing that residual by a new fully diluted share count gives "net Bitcoin per share," which the firm says has risen from $13 (44,000 sats) at the end of 2020 to $95 (143,000 sats)—a 43% compound annual growth rate, against Bitcoin's 16%.

The company also redefined mNAV as MSTR's share price divided by net Bitcoin per share, with the accretion threshold now fixed at 1.0x, and recast "amplification" as an equity multiplier—Bitcoin reserve over net reserve—of about 1.5x. New credit gauges frame the debt-fueled model's sustainability, with a "hurdle rate" of about 10.8% marking Strategy's effective cost of credit, a break-even rate near 3.2%, and a "flow rate" of about −11% that estimates how far Bitcoin could fall before reserves stopped covering debt and dividends.

The overhaul arrives with MSTR under pressure: the stock traded around $93 on Friday, down slightly on the day and far below its 2024 peak, days ahead of second-quarter earnings on July 30. Under the new formula, its mNAV reads right at 1.02x. Measured the old way—against Strategy's gross Bitcoin per share—the stock had looked to trade at a discount; dividing instead by net Bitcoin per share, after the roughly $22 billion of senior claims is stripped out, lifts the same share price to parity. It is Strategy's latest guidance tweak during a bear market that began last October; its flagship preferred share, STRC, still trades below its $100 “par value.”

The firm’s "digital credit" framing traces to a late-June pivot, when Strategy approved a framework for "active capital management" that, for the first time, authorized selling up to $1.25 billion of Bitcoin to top up its cash reserve, cover preferred dividends, and fund buybacks—a formal break from Michael Saylor's long-held "never sell" stance. In the weeks since, the firm has raised cash by selling MSTR stock rather than Bitcoin, sparing its 843,775 BTC stack while diluting common holders.

For now, Strategy's own math says the structure holds—as long as Bitcoin, currently around $64,000 and about 50% below its high, doesn't fall more than roughly 11% a year through the early 2030s.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

TL;DR

Bitcoin long-term holders accumulated a record 1.29 million BTC over 30 days. This is the strongest reading in more than six years. Glassnode data shows long-term holders have returned to significant realized profits, a pattern that has historically preceded strong rallies. Bitcoin has rebounded about 15% and is approaching the $68,000 Short-Term Holder Realized Price, a key level that could determine the next short-term trend. Bitcoin’s longest-term investors are accumulating coins at the fastest pace in more than six years, while another closely watched on-chain metric shows these holders have returned to significant unrealized profits, a combination that has historically preceded major upward moves in the cryptocurrency’s price.

Data from CryptoQuant shows Bitcoin’s 30-day Long-Term Holder (LTH) Net Position Change surged to approximately 1.29 million BTC in late May, the strongest accumulation reading since the metric began tracking the cohort and higher than the previous peak recorded during the 2017 bull market. 

Meanwhile, Glassnode data indicates long-term holders have moved back into healthy realized profits after Bitcoin’s recent recovery, echoing patterns seen before previous market expansions.

Together, the indicators suggest experienced investors continue to build positions despite recent price weakness, reinforcing the view that conviction among Bitcoin’s strongest holders remains intact.

Long-Term Investors Accumulate at Record Pace According to the CryptoQuant data, the LTH Net Position Change measures how much Bitcoin held by investors who have kept their coins for extended periods has increased or declined over a rolling 30-day window.

The latest reading shows long-term holders accumulated roughly 1.29 million BTC over 30 days, surpassing every previous accumulation phase since at least 2021 and exceeding levels recorded during the 2017 cycle.

BTC Long-Term Holder Data | Source: CryptoQuant Notably, the record buying occurred while Bitcoin was trading well below its recent highs, suggesting experienced investors viewed the pullback as an opportunity to increase exposure rather than reduce risk.

Historically, aggressive accumulation by long-term holders has often coincided with periods when speculative demand weakened but institutional and high-conviction investors quietly increased their positions.

Profitability Among Long-Term Bitcoin Holders Strengthens More on-chain data from Glassnode reinforces that trend.

The data tracks the realized profit and loss of long-term holders sending Bitcoin to exchanges using a 30-day moving average. The latest spike shows this group has returned to sizeable profits after Bitcoin’s recovery from recent lows.

Previous cycles have displayed similar patterns. Significant increases in realized profitability among long-term holders were observed before several major advances, including phases of the 2020-2021 bull market and earlier expansion periods.

BTC Relative Long/Short | Source: X While profitable holders can choose to take gains, the current environment differs because accumulation has simultaneously accelerated rather than weakened. That combination suggests many long-term investors remain confident in Bitcoin’s longer-term outlook despite short-term market volatility.

Although both indicators point toward improving market conditions, analysts caution that no single on-chain metric guarantees the start of a new bull market.

Long-term holder accumulation has historically been one of Bitcoin’s more reliable indicators of investor conviction because these wallets are generally less sensitive to short-term price swings than newer market participants.

Strategy debuts Net Bitcoin Per Share metric to strip away the noise for common shareholders

Although Bitcoin is yet to regain momentum, trading consistently in a downside trajectory, it appears that its long-term holders are stepping into the market again.

Latest onchain data from CryptoQuant shows that Bitcoin's long-term holders, known for retaining their positions even through diverse market cycles, have been increasingly stacking up Bitcoin again.

Bitcoin sees strong accumulation despite downtrend The data shows that Bitcoin's Long-Term Holder (LTH) Net Position Change has marked its largest green reading in over six years, reaching 1.29 million BTC over a 30-day period on May 24, 2026.

HOT Stories

While this marks its highest level in six years, the metric has surpassed the previous record achieved during the 2017 bull market, sparking questions about whether the Bitcoin bull market is already near.

You Might Also Like

It is important to note that the Bitcoin LTH Net Position Change metric measures how much Bitcoin long-term investors have added to or reduced from their holdings over the past month. 

While a red reading on the Bitcoin LTH Net Position Change suggests that investors are selling, such a high green reading in the metric shows that smart money holders are accumulating aggressively.

What to expect?Unlike in previous cycles, the strong accumulation from Bitcoin long-term holders this time arrived when Bitcoin was trading near its weakest levels.

Although speculative traders had massively distributed their assets, smart money holders are buying instead, suggesting that seasoned investors viewed the market downturn as an opportunity to buy and hold rather than a reason to exit.

The data further showed that the strong accumulation from long-term holders sparked a massive 15% rebound in the price of Bitcoin, surging from about $58,000 to $66,000.

While such strong accumulation typically reduces the amount of Bitcoin available for sale, it drives a potential rally in the price of the asset, suggesting that Bitcoin may be set for a further rally to $70,000 if the buying persists.

19h00 ▪ 5 min read ▪ by Evans S.

Summarize this article with:

Bitget has registered as a Financial Services Provider in New Zealand, adding another jurisdiction to its international compliance framework. The registration covers services ranging from foreign exchange and money transfers to custody and portfolio management. It also supports Bitget’s wider ambition to connect crypto, tokenized assets and traditional markets through its Universal Exchange model.

In brief Bitget has registered as a Financial Services Provider in New Zealand. The registration covers FX, transfers, custody and several management services. Bitget has also joined the independent IFSO dispute-resolution scheme. Bitget expands its regulated international footprint Bitget has been added to New Zealand’s Financial Service Providers Register, known as the FSPR. The move follows other compliance steps, including Bitget’s recent Argentina PSAV registration. The registered service categories cover foreign currency exchange, domestic and international money transfers, client asset custody, portfolio management and money management. They also include the execution of financial products or foreign exchange transactions for clients.

This scope fits Bitget’s evolution beyond a crypto-only exchange. The platform now offers access to digital assets, tokenized stocks, commodities, foreign exchange and other market products. A broader product range requires a more structured legal and operational base.

The wording around the registration matters. Appearing on the FSPR does not mean that New Zealand’s government, Financial Markets Authority or Registrar has endorsed Bitget or guaranteed its products.

The FSPR is primarily a public register of financial service providers. Depending on the services offered and the clients targeted, providers may also face rules covering anti-money laundering, counter-terrorist financing and fair dealing.

IFSO membership adds an external dispute channel Bitget therefore gains an important compliance layer, but not a universal stamp of approval. Product availability will still depend on local laws, customer eligibility and the precise structure of each service. This distinction is useful for customers. Regulatory registration can increase transparency and accountability. It does not remove market risk, guarantee investment returns or make every product available to every user in New Zealand.

Bitget has also joined New Zealand’s Insurance and Financial Services Ombudsman Scheme. IFSO provides an independent channel through which eligible customers can raise complaints against participating financial service providers.

That step adds a practical element to the registration. Compliance is not only about appearing in a database. It also involves creating processes for customers when a dispute cannot be resolved directly with the company.

For a platform combining crypto, custody, transfers and traditional market products, dispute resolution becomes increasingly important. The more services an exchange offers, the more complex customer issues can become. Bitget has taken similar steps elsewhere. Its Mexican registrations reflected the same strategy: enter important markets through local compliance structures rather than relying on a single global operating model.

Bitget prepares compliance for the UEX expansion Bitget describes itself as a Universal Exchange, or UEX. The model brings crypto, tokenized equities, commodities, foreign exchange and other financial instruments into one trading environment. This creates an obvious regulatory challenge. A platform dealing only with crypto spot trading has one type of exposure. A platform combining custody, cross-border payments, FX and portfolio services enters several overlapping financial categories.

The New Zealand registration helps Bitget build the infrastructure required for that broader model. It supports the operational side of its expansion while giving the company a clearer framework for offering eligible services.

Still, registration alone will not determine the success of the strategy. Bitget must maintain strong custody systems, transparent product information, effective risk controls and reliable customer support. The UEX model becomes more useful as it expands, but also harder to manage.

New Zealand therefore represents more than another flag on Bitget’s compliance map. It tests whether the exchange can translate its global multi-asset strategy into locally structured services. That challenge will grow as Bitget moves deeper into traditional markets and promotes financial education through initiatives such as TradFi 101.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

Join the program

A

A

Lien copié

Evans S.

Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

The National Fraternal Order of Police became the latest organization to throw its support behind the long-awaited Clarity Act. 

In a statement Friday, specifically addressed to Democratic senators Elizabeth Warren and Timothy Eugene Scott, the fraternal organization wrote that it approved of the latest bill. The FOP works to improve the working conditions of law enforcement officers.

The newest draft bans officials and their families from issuing or promoting crypto, something opposition lawmakers previously had issue with. On Wednesday, Senator Warren, a long-time crypto critic, said that the latest bill would allow President Donald Trump to make money from crypto, as well as benefit criminals. 

JUST IN: 🇺🇸 The world's largest organization of sworn law enforcement officers now officially endorses the passage of the Clarity Act: pic.twitter.com/N10g5jIZ0M

— Bitcoin Magazine (@BitcoinMagazine) July 24, 2026 “The latest version of the ‘Clarity Act’ includes several provisions that improve the ability of State and local law enforcement to protect consumers, investigate financial crimes, and coordinate with their Federal partners,” the letter read. 

“The revised bill establishes safeguards aimed at addressing fraud and victimization involving digital asset kiosks and related activity while also providing for anti-money laundering and sanctions compliance obligations across the digital asset ecosystem.”

U.S. lawmakers are currently mulling over the latest draft of the Clarity Act — a crypto market structure bill aims to set in stone digital asset regulation. 

More support for the bill  Top crypto advocacy groups the Crypto Council for Innovation, Blockchain Association, and the Digital Chamber also threw their support behind the latest draft of the Clarity Act on Friday. 

The trade associations said that passing the bill is necessary to establish the “first comprehensive federal consumer protection framework for digital asset markets” as more Americans begin to use and invest in crypto. 

The Clarity Act, which Republicans passed last year, has been in a deadlock mainly because banking chiefs raised concerns over stablecoins and the yield they would potentially pay customers. 

America’s biggest crypto exchange, Coinbase, pulled support for the bill in January after clashing with banking chiefs who said that earning yield on stablecoins should be banned. 

U.S. banks have said they could lose customers if crypto exchanges offer more attractive products for their deposit base. 

A new bill has been circulating this week and it is expected it will head to floor vote. 

The latest draft bans officials and their families from issuing or promoting crypto — a sore point for Democratic politicians who have argued that President Donald Trump’s family has unfairly benefited from crypto ventures.

President Trump campaigned on a ticket to help the crypto space but his digital asset ventures have raised eyebrows among Washington lawmakers who think the Trump family has unfairly profited from crypto businesses. 

Mathew Di Salvo

Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.