Track market-moving stories before they get noisy

At $214.90, Regal Rexnord (NYSE:RRX | RRX Price Prediction) screens as one of the more compelling industrial re-ratings in the market. A hyperscale data center order book, an emerging humanoid robotics play, and a domestic motion control footprint have collided at exactly the moment U.S. investors are hunting for scarce robotics supply chain exposure.

Regal is a Milwaukee-based industrial manufacturer designing motors, actuators, controls, gearing, and switchgear across three segments: Automation & Motion Control, Industrial Powertrain Solutions, and Power Efficiency Solutions. The stock has climbed 53.07% year to date on a pivot from HVAC-heavy legacy sales toward higher-margin automation, data center power, and robotics content.

The Robotics And Data Center Re-Rating Thesis Regal secured approximately $735 million of ePOD orders for hyperscale data center customers, with those orders expected to ship in 2027. Kerrisdale’s model shows total data center revenue rising from roughly $130 million in 2025 to $238 million in 2026 and $970 million in 2027, while management has guided to approximately $900 million of data center revenue in 2027. Kerrisdale Capital, which disclosed a long position, argues data center could reach 16% or more of Regal revenue by 2028, supporting an average upside case of 99%. The firm says that data center mix shift provides “ample justification for a re-rating.”

The robotics angle is the optionality. Kerrisdale writes that motion control components will comprise 40-60% of the bill of materials for humanoids, and a theoretical DCF on this stream alone can support almost $5 billion of incremental market value today. Q1 Automation & Motion Control orders jumped over 34%, with aerospace and defense orders up 76% and medical up 53%.

Leverage, Cash Flow, And Insider Selling In Q1, Regal’s operating cash flow fell 85.43% to $14.9 million, and free cash flow turned negative at -$2.5 million. Gross debt sits at $4.7 billion, roughly 3.6x adjusted EBITDA. On the segment side, residential HVAC weakness dragged Power Efficiency Solutions down 8.6%.

The stock’s valuation is stretched on trailing numbers. Shares trade at 49.6 times trailing earnings, and GuruFocus flagged a price-to-GF-Value ratio of 1.4. Outgoing Regal CEO Louis Pinkham reported May stock sales totaling roughly $4.8 million, along with additional shares withheld for taxes, while finance chief Robert J. Rehard sold 6,499 shares at $200. Rare earth magnet export restrictions from China remain a live risk.

Why Some Investors Would Rather Wait In a C-suite shuffle, Aamir Paul just took the helm, and investors may want a quarter or two to see his imprint. ePOD revenue is largely a 2027 event, making 2026 a bridge year with tariff pressure not reaching margin neutrality until end-2026. The next catalyst is the August 5, 2026 Q2 earnings report, where holders will want confirmation that free cash flow normalizes and backlog conversion stays on track.

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What The Numbers Actually Say Regal trades at $214.90 with a consensus analyst target of $260, implying meaningful upside. Coverage skews decisively bullish, with 9 Buy ratings against 1 Hold and no Sells. Oppenheimer lifted its target to $255, and DA Davidson initiated at $260.

Shares are up 53.07% year to date versus 9.73% for the S&P 500, and 39.08% over one year. On forward earnings, Regal trades at about 20x the midpoint of FY2026 guidance of $10.20 to $11.00.

Why The Setup Looks Compelling At This Price At $214.90, Regal Rexnord is a Buy. The risk/reward looks favorable to bulls at about 20 times forward earnings, which does not price in a business where data center could move from roughly 2% of revenue in 2025 to 16% or more by 2028. The $735 million ePOD backlog is already booked, and management expects 20%+ adjusted EBITDA margins on that program.

The humanoid robotics angle is the free option. Regal is one of very few U.S. suppliers integrating motors, actuators, brakes, and micro gearing into humanoid joint solutions at a moment when domestic robotics supply chain exposure is limited and China dominates alternatives.

The thesis breaks if ePOD shipments slip past 2027, if net leverage fails to move below 2.0x by end of 2027, or if free cash flow does not recover toward the $650 million full-year guide. Keep an eye on the August 5 earnings report for backlog conversion and cash flow. With Automation & Motion Control orders up 34%, hyperscale switchgear ramping, and a robotics call option attached, Regal Rexnord offers one of the clearer ways for investors to gain exposure to the U.S. motion control stack heading into 2027.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Regal Rexnord didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Wall Street's tendency to overreact creates opportunities for disciplined investors to capitalize on market inefficiencies, including in Atlassian shares. The public perception that Atlassian will be a victim of the AI revolution is completely off base. Maintaining a rational, long-term perspective is critical to exploiting these short-term market dislocations.

Michael R. Nicolais, a director at Eagle Materials Inc. (EXP -0.62%), disposed of 1,577 shares on June 17, 2026, according to an SEC Form 4 filing.

Transaction summaryMetricValueShares sold1,577Transaction value$336,279Post-transaction shares (directly held)52,862Post-transaction value$11.27 millionTransaction value based on SEC Form 4 weighted average sale price ($213.24); post-transaction value based on June 17, 2026 market close ($213.24).

Key questionsWhat was the primary driver of this transaction?
The disposal was non-discretionary, executed solely to satisfy the exercise price of non-qualified stock options. This mechanism is a standard component of equity compensation and does not reflect a change in the director's outlook on the company's valuation or performance.How much equity does Nicolais retain in the company?
Following the withholding of shares, Nicolais maintains a direct position of 52,862 shares of common stock. As of July 21, 2026, the stock was priced at $205.01.Are there additional derivative holdings for this insider?
Beyond the common stock reported in this filing, Nicolais continues to hold 4,000 derivative securities directly. These holdings ensure the director maintains significant exposure to future share price appreciation and aligns his interests with those of shareholders.What was the stock's performance context on the day of the transaction?
On the June 17, 2026 transaction date, the company's shares were priced at $213.24. As of that date, the stock had delivered a one-year total return of 10%; however, shares have since fallen to about $205 and are down 7% for the year.Company OverviewMetricValueShare Price (as of market close 2026-07-21)$205.01Market Capitalization$6.3 billionRevenue (TTM)$2.3 billionNet Income (TTM)$423.8 millionCompany SnapshotEagle Materials Inc. manufactures and distributes a comprehensive range of heavy construction and light building materials, including Portland cement, concrete, aggregates, gypsum wallboard, and recycled paperboard, generating revenue across four primary operating segments.The company operates an integrated business model centered on the mining of limestone and the production, distribution, and sale of construction materials to regional and national markets, capturing value across the supply chain from raw material extraction through finished product delivery.Eagle Materials serves a diverse customer base, including construction contractors, building product distributors, and commercial end-users engaged in residential and non-residential construction projects throughout the United States.Eagle Materials Inc. is a vertically integrated producer of essential construction materials with operations spanning cement manufacturing, concrete and aggregates production, gypsum wallboard fabrication, and recycled paperboard processing. The company's diversified product portfolio and geographic footprint position it as a significant participant in the U.S. construction materials sector, with a market capitalization of $6.3 billion and TTM revenues of $2.3 billion. The company's integrated operations and established distribution network provide competitive advantages in serving the cyclical construction industry.

What this transaction means for investorsGiven the nature of the transaction, Nicolais didn't take cash out of this at all. Meanwhile, the price also lands exactly at that day's close, making clear that this was a company-facilitated exchange rather than a market order. For a director converting options while keeping the resulting equity, the read is straightforward.

That said, the business isn’t so clear-cut. Eagle closed fiscal 2026 with record revenue of $2.3 billion, but net earnings fell 9% to $423.8 million. Its heavy materials arm, cement and aggregates, grew about 10% to $1.43 billion on infrastructure and data center demand, while light materials, mostly wallboard, dropped 9% to $881.4 million on soft housing. CEO Michael Haack candidly noted that conditions "create some near-term uncertainty in the demand outlook." That split explains the very choppy stock over this past year, including a nearly 40% surge between March and June, and a nearly 15% tumble since. One half of the business rides construction spending, the other relies on housing, and neither has settled into a clear trend yet.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Eagle Materials. The Motley Fool has a disclosure policy.

LOS ANGELES--(BUSINESS WIRE)---- $PRIM--PRIM Investors Have Opportunity to Lead Primoris Services Corporation Securities Fraud Lawsuit with the Schall Law Firm.

[url="]The Schall Law Firm[/url], a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Primoris Services Corporati

Alexandre Eboli, the chief supply chain and transformation officer at Conagra Brands, Inc. (CAG -0.14%), disposed of 8,186 shares of common stock at $14.28 per share on July 17, 2026, and July 19, 2026, according to an SEC Form 4 filing.

Transaction summaryMetricValueShares sold8,186Transaction value~$116,896Post-transaction shares (directly held)67,109Post-transaction value$984,153.48Transaction value based on SEC Form 4 weighted average sale price ($14.28).

Key questionsWhat was the specific catalyst for this transaction?
The disposal was a non-discretionary event triggered by the vesting of restricted stock units (RSUs) granted in July 2023 and July 2025. These awards reached scheduled vesting milestones on July 17, 2026, and July 19, 2026, and the shares were withheld by the company to fulfill the insider's tax withholding requirements.What is the executive's remaining equity exposure?
Following the withholding, Eboli maintains a direct position of 67,109 shares. The executive also holds 24,015 derivative securities in the form of unvested RSUs, which are scheduled to vest in subsequent tranches through July 2028.How does this transaction align with the company's current financial profile?
As of the July 20, 2026 market close, Conagra Brands common stock was priced at $14.66, giving the company a market capitalization of $7.0 billion. The firm reported trailing twelve-month revenue of $11.3 billion and a net loss of $1.9 billion.Company OverviewMetricValueShare Price (as of market close 2026-07-20)$14.66Market Capitalization$7.0 billionRevenue (TTM)$11.3 billionNet Income (TTM)-$1.9 billionCompany SnapshotConagra Brands manufactures and distributes a diverse portfolio of packaged food products across North America, generating revenue through four primary segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice.The company operates a vertically integrated business model that combines manufacturing, distribution, and retail partnerships to deliver packaged foods to consumers through multiple channels, including supermarkets, foodservice establishments, and direct-to-consumer platforms.Conagra serves a broad customer base spanning retail consumers, foodservice operators, and institutional purchasers across North America, with particular emphasis on the United States market, where the majority of revenue is generated.Conagra Brands is a leading manufacturer of packaged food products with an enterprise value of $7.0 billion and annual revenues of $11.3 billion (TTM). The company leverages its diversified product portfolio and established distribution infrastructure to maintain competitive positioning within the packaged foods sector. Conagra's multi-segment operating structure provides revenue diversification across consumer retail channels and foodservice markets, supporting its strategic positioning in the defensive consumer staples category.

What this transaction means for investorsEboli's remaining awards vest in tranches stretching to July 2028, which tells you that this filing is just one scheduled slice of a multiyear compensation package coming due, with 8,186 shares peeled off for taxes at $14.28. He's one of several Conagra executives whose stock vested and got withheld the same week, a telltale sign of a shared annual grant date, rather than a huddle over the share price. Plus, he keeps 67,109 shares plus more unvested units, which means he has plenty of reason to ensure the firm performs well.

His title is worth pausing on, though. As chief supply chain and transformation officer, Eboli owns the levers Conagra is now pulling. The company just closed fiscal 2026 with fourth-quarter adjusted operating margin down 215 basis points to 11.7%, squeezed by roughly 6.5% inflation, including tariffs, and is pouring freed-up cash into supply chain modernization and manufacturing in-sourcing. CEO John Brase is pushing an initiative he calls "radical simplicity" to cut complexity. In other words, Conagra is spending to rebuild margins while sales decline, but the executive running that effort just had routine shares vest, nothing more.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

On July 22, 2026, Smith and Wesson Brands Inc (SWBI) shares fell 3.7% to a current price of $14.62. This decline occurs within a 52-week range of $7.73 to $17.56,

Space Exploration Technologies (SPCX -6.70%) has officially announced Aug. 4 as the date of its highly anticipated earnings release for the quarter ended June 30. The earnings release and earnings call with Wall Street analysts will provide an updated look at where SpaceX is and where the company could be headed.

Here's why investors should also pay close attention to Aug. 6, and what the date could mean for SpaceX stock.

Image source: Getty Images.

Public markets have only gotten a taste of SpaceX SpaceX went public on June 12, raising $75 billion by selling 555 million shares at $135 per share and then another $10.7 billion from underwriters exercising options to buy additional shares. But with SpaceX's market cap at $1.58 trillion at the time of this writing, that leaves the vast majority of shares owned by insiders through restricted stock units and early release eligible shares.

That means that the supply of shares potentially hitting public markets will be far higher than the shares currently available, which will test SpaceX's already beaten-down stock price.

At $119.85 as of market close on July 20, SpaceX is down 47% from its intraday high and 11.2% from its initial public offering (IPO) price.

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Open the floodgates In SpaceX's May 20 Form S-1 filing with the Securities and Exchange Commission, SpaceX outlines its unusual schedule for unlocking restricted shares at a far faster rate than the typical 180-day period for IPOs. The first wave of early release eligible shares will be made available for sale "on or after the second full trading day on Nasdaq immediately following the public release of our quarterly financial results for the quarter ended June 30, 2026." With the earnings call confirmed for Aug. 4 after market close at 4:30 p.m. ET, that makes Aug. 6 the first time since SpaceX's IPO when holders of early-release-eligible shares may choose to sell a portion of those shares on the Nasdaq.

An additional 10% of early release eligible shares may be transferred if SpaceX is above $175.50 per share for five of the 10 trading days leading up to and including Aug. 4. However, that is highly unlikely to happen considering that count down began on July 21, and SpaceX remains down over 30% from that price it needs to average over the next couple of weeks to trigger the extra release of shares.

Another 7% of shares will be unlocked on each of the following dates -- Aug. 31, Sept. 10, Sept. 25, Oct. 10, and Oct. 25. Another 28% of shares will be released two days after the quarter ended Sept. 30 earnings, before all shares are unlocked on Dec. 9.

A critical moment for SpaceX stock SpaceX's earnings report, combined with more shares hitting public markets, will be the ultimate stress test for the growth stock. Especially if insiders decide to sell shares with SpaceX below its IPO price.

This is an incredibly exciting company for its technological prowess, lack of competition, and virtually infinite total addressable market. But I still think it's best if investors keep SpaceX on a watch list to see how the insider lock-up expiration unfolds, and for SpaceX to begin generating positive free cash flow so it doesn't have to continue relying on capital markets to raise money.

Apple (AAPL -0.44%) is preparing to launch a device-leasing program called Apple Upgrade in the U.S. on July 28, Bloomberg reported this week. If the report is right, the program could push the tech company's biggest revenue line, the iPhone, toward faster upgrades and steadier, more subscription-like sales.

The reported structure works much like a car lease. Klarna (KLAR -6.02%) would provide the financing, enrollment would involve a soft credit check, and leases would reportedly run 24 months for iPhone and Apple Watch and 36 months for Mac and iPad. During a term, customers could pay the device off early or upgrade to a newer model. At the end of one, they could keep the device or return it.

The program would reportedly replace new enrollments in Apple's existing upgrade and financing options, though some lower-priced models wouldn't be eligible for it (including the iPhone 16, the entry-level iPad, and the Apple Watch SE). AppleCare coverage would no longer be included automatically.

Image source: Apple.

This could be material for Apple's business.

The first effect is upgrade frequency. A lease with a built-in upgrade path tends to shorten the replacement cycle, and every shortened cycle means more device sales per customer over time. That matters most for the iPhone, which generated $57 billion of revenue in the March quarter, up 22% year over year and a record for the period. Leasing is a way to keep that momentum going after the iPhone 17's blockbuster run.

Leasing could also smooth out demand cycles. Customers on standard two- and three-year terms can upgrade on a schedule rather than waiting for a hardware overhaul, ultimately making iPhone revenue less dependent on any single product cycle landing perfectly.

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And notably, Apple gets all of this without becoming a lender. Because Klarna would provide the financing, Apple keeps the customer relationship and the upgrade cadence while a partner carries the credit risk.

Of course, the company hasn't said any of this publicly yet, and reported plans can change. But Apple's fiscal third-quarter earnings report is scheduled for July 30 -- two days after the program's reported launch date, and management will likely face questions about what leasing means for the business. July 28 -- when Klarna and Apple are expected to roll out this program -- may start providing answers. And July 30 could finish the job.

Tesla, Inc. (TSLA) Q2 2026 Earnings Call July 22, 2026 5:30 PM EDT

Company Participants

Travis Axelrod - Head of Investor Relations
Elon Musk - Co-Founder, Technoking of Tesla, CEO & Director
Vaibhav Taneja - Chief Financial Officer
Ashok Elluswamy - Executive Officer
Karn Budhiraj
Lars Moravy - Vice President of Vehicle Engineering
Brandon Ehrhart

Conference Call Participants

Andrew Percoco - Morgan Stanley, Research Division
Alexander Perry - BofA Securities, Research Division
Colin Langan - Wells Fargo Securities, LLC, Research Division
Walter Piecyk - LightShed Partners, LLC
William Stein - Truist Securities, Inc., Research Division
Dan Levy - Barclays Bank PLC, Research Division

Presentation

Travis Axelrod
Head of Investor Relations

Good afternoon, everyone, and welcome to Tesla's Second Quarter 2026 Q&A Webcast. My name is Travis Axelrod, Head of Investor Relations, and I'm joined today by Elon Musk, Vaibhav Taneja and a number of other executives.

Our Q2 results were announced at about 3:00 p.m. Central Time in the update deck we published at the same link as this webcast.

During this call, we will discuss our business outlook and make forward-looking statements. These comments are based on our predictions and expectations as of today. Actual events or results could differ materially due to a number of risks and uncertainties, including those mentioned in our most recent filings with the SEC.

During the question-and-answer portion of today's call, please limit yourself to one question and one follow-up. [Operator Instructions]

Before we jump into Q&A, Elon has some opening remarks. Elon?

Elon Musk
Co-Founder, Technoking of Tesla, CEO & Director

Thank you. So, yes, it's been a great quarter. We achieved record Q2 deliveries. Model Y, I believe it is now, I think it's the best-selling car of any kind in the world and is setting records across the board. So its popularity is increasing tremendously. And we're seeing in locations that have FSD approved, we're seeing a very high take

Google reported blockbuster second-quarter revenue and is preparing to invest more in AI infrastructure. Bloomberg/Getty Images Google's latest earnings call offered a familiar message: AI is driving growth, and it's also getting more expensive.

On Wednesday, Alphabet reported second-quarter revenue of $119.8 billion, up 24% from a year earlier, while Google Cloud posted another blockbuster quarter as enterprises raced to adopt AI. At the same time, executives made it clear the company is prepared to spend even more to meet surging demand.

Here are the three biggest takeaways from Alphabet's earnings.

Google is spending more on AI and is willing to sacrifice marginsGoogle is prioritizing long-term AI growth over short-term profitability by doubling down on its AI buildout.

The company raised its 2026 capital expenditure forecast to between $195 billion and $205 billion, up from a previous outlook of up to $190 billion, saying demand for AI infrastructure continues to exceed available capacity.

Finance chief Anat Ashkenazi said during Wednesday's earnings call that the higher spending reflects an accelerated rollout of computing capacity.

Google also plans to lean more heavily on third-party cloud providers while it builds out its own infrastructure, a strategy Ashkenazi said will create "modest margin pressure in the near term" but help the company "keep growing our customer base and capture greater overall value."

Google Cloud is becoming the company's AI growth engineSearch remains Google's largest business, but Cloud is increasingly emerging as its primary AI growth engine.

Over Q2, Google Cloud once again delivered the strongest performance across Alphabet's businesses.

Revenue jumped 82% year over year to $24.8 billion, well ahead of analyst expectations, while cloud backlog reached $514 billion, highlighting continued demand from businesses building AI applications.

"We're still in a supply-constrained environment," Ashkenazi said, adding that Google is seeing "very strong demand both from external cloud customers as well as across the business."

About 60% of Google's infrastructure spending during the quarter went toward AI servers, with the rest invested in data centers and networking equipment.

Google's Gemini app is closing in on ChatGPTGoogle's AI assistant is approaching a milestone, signaling that Google's consumer AI strategy is gaining momentum amid intensifying competition with OpenAI and Anthropic.

The company said during Wednesday's earnings call that the Gemini app now has 950 million monthly active users, up from about 650 million last October and more than 750 million earlier this year. CEO Sundar Pichai also said during the earnings call that daily active users have tripled over the past year.

That puts Gemini within striking distance of OpenAI's ChatGPT, which recently reached roughly 1 billion monthly users.

Google is also trying to make its AI models cheaper to run. This week, it introduced three new Gemini models, including Gemini 3.6 Flash, which the company says improves coding performance while using fewer tokens, reducing the cost of deploying AI applications.

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Earnings Big Tech Alphabet More

Alphabet’s second-quarter earnings announcement on Wednesday (July 22) provided a clearer answer to one of the central questions surrounding generative AI: Are businesses moving quickly enough from testing the technology to paying for it at scale?

For Google, the evidence is increasingly coming from enterprise customers, where demand for computing capacity, Gemini models and AI applications contributed to an 82% increase in Google Cloud revenue and pushed Cloud backlog to $514 billion.

The scale of that demand has strengthened management’s view of the AI opportunity over the past year. Asked during the analyst Q&A whether Alphabet’s expectations for generative AI returns had changed, CEO Sundar Pichai said they had. He pointed specifically to conversations with corporate executives, saying many companies are “barely scratching the early stages of what’s possible here.”

Management has discussed supply constraints for several quarters. CFO Anat Ashkenazi acknowledged that demand continues to run ahead of the capacity Alphabet has added.

As a result, Google Cloud revenue reached $24.8 billion with Google Cloud Platform (GCP) growing faster than Cloud overall. AI infrastructure, core GCP products and AI solutions all contributed. Cloud operating income more than tripled to $8.8 billion.

Search remains the clearest test of whether Google can introduce generative AI as a tailwind to its core business. Search and other revenue rose 17% to $63.3 billion, while AI Overviews and AI Mode increasingly operate as parts of a single Search experience. Pichai said users are asking longer and more complex questions, and Google is seeing growth in total queries as people use AI features for searches they previously might not have made. The company is also extending AI Mode into more commercial queries, putting the product closer to shopping and purchase decisions.

Gemini Moves Into Search, Advertising and Commerce Gemini is becoming a larger part of that enterprise proposition. Nearly 90% of Fortune 100 companies are using Gemini Enterprise. Alphabet said nearly 500 Cloud customers have each processed more than 1 trillion tokens during the past year, while more than 2,000 enterprises have consumed more than 100 billion tokens.

Customers are deploying Gemini within cybersecurity, data analytics and other applications, where the model operates as one component of a broader system. “The model is just an ingredient in those solutions,” Pichai told analysts.

The same strategy is appearing in Google’s consumer businesses, particularly where Search intersects with advertising and shopping.

Search and other advertising revenue saw retail making the largest contribution and finance also contributing significantly. YouTube advertising revenue increased 13% to $11.1 billion, driven by direct-response and brand advertising. Overall advertising revenue rose 14%.

The company is also using Gemini throughout its advertising system, including query interpretation, advertiser tools and ads accompanying AI-powered search experiences. The company said Gemini helped produce a 20% improvement in showing relevant shopping ads. More than half of Google’s small- to medium-sized business advertising customers now use AI to create or optimize advertising creative.

Commerce is moving closer to those search and advertising products. Management said on the call that Target and Steve Madden are now live on its open-source Universal Commerce Protocol. It also announced Universal Cart, which lets consumers put merchandise from multiple retailers into one cart across Google services and complete a single checkout.

YouTube is developing a similar connection between content, advertising and transactions. Google is expanding shoppable advertising formats and has introduced Buy with Google Pay, allowing connected-TV viewers to complete purchases directly from the television in two clicks. It is also using affiliate partnerships and YouTube Shopping commissions to connect creators more directly with sales.

Gemini itself is also accumulating consumer scale. The Gemini app reached 950 million monthly active users, while daily active users have tripled over the past year. Alphabet’s model application programming interfaces (APIs) are processing approximately 22 billion tokens per minute, up from more than 16 billion a quarter earlier. More than 9 million developers are building with Google’s models each month.

Overall, Alphabet revenue increased 24% to $119.8 billion, while operating income rose 30% to $40.8 billion.

The cost of supplying AI demand remains part of the equation. Capital expenditures reached $44.9 billion during the quarter, and Alphabet raised its 2026 capital spending forecast to $195 billion to $205 billion from $180 billion to $190 billion. Management said the increase reflects faster deployment of computing capacity, while third-party capacity will temporarily supplement Google’s infrastructure.  Investors, perhaps eyeing that ramp-up in investment, sent shares down 3.5% in after hours trading.

Asked about returns on additional computing investment in 2027, Pichai pointed to long-term customer agreements, renewals and continuing demand.

“We are seeing strong demand indicators, including long-term deals,” he said. “If anything, the dynamics look healthier than where we were about a year ago, and so that’s what gives us the confidence to undertake those investments.”

Item 1 of 2 Google's CEO Sundar Pichai speaks at Google's I/O 2026 developer conference in Mountain View, California, U.S. May 19, 2026. REUTERS/Manuel Orbegozo/File Photo

[1/2]Google's CEO Sundar Pichai speaks at Google's I/O 2026 developer conference in Mountain View, California, U.S. May 19, 2026. REUTERS/Manuel Orbegozo/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesGemini 3.5 Pro remains in partner testing after Google delayed its planned June releasePichai says Gemini 4 roadmap involves releases almost at a monthly cadencePichai emphasizes Flash models for cybersecurity, customer service, analytics and enterprise softwareShares dropped over 3% after hours and are down about 9% ​since AprilJuly 22 (Reuters) - Alphabet (GOOGL.O), opens new tab CEO Sundar Pichai used Wednesday's earnings call to mount a robust defence ‌of Google's AI strategy, pushing back on concerns that the company has fallen behind rivals after delaying a flagship model and ceding ground in AI coding.

Investors have become increasingly uneasy over Google delaying the release of Gemini 3.5 Pro, a model originally slated for June that was expected to bolster the company's standing in AI ​coding and autonomous "agent" tasks, two of the industry's most fiercely contested areas.

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The latest setback has fueled worries that Google was losing ​momentum just as OpenAI and Anthropic and a host of Chinese rivals have accelerated the pace of model releases. ⁠On the call on Wednesday, Pichai struck an unusually defensive tone as analysts pressed him on the state of Google's frontier models and whether they ​could still compete at the cutting edge of AI development.

"We've had clearly frontier models. There are many attributes on which we are still at ​the frontier; there are areas where we've acknowledged we need to improve and coding and agentic coding is an example of that," he said in response to JPMorgan analyst Doug Anmuth, who questioned whether Gemini could remain competitive at the industry's leading edge and noted Google's slower release of models.

Rather than dwell on the Gemini 3.5 ​Pro delay, Pichai repeatedly highlighted Gemini Flash, Google's cheaper, faster "workhorse" model that powers a growing range of applications, including cybersecurity, customer-service agents, data ​analytics and enterprise software.

He pointed to Gemini 3.6 Flash, released this week, saying it had improved by more than 10 points on a coding benchmark compared with the ‌previous version ⁠while using fewer tokens. The company on Tuesday also unveiled Gemini 3.5 Flash-Lite and a cybersecurity-focused Flash Cyber model, while keeping Gemini 3.5 Pro in partner testing.

"I think people will be pleased" when Google unveils Gemini 4, Pichai said, describing it as a "very ambitious effort." He stressed that Google is training a significantly larger model designed to compete at the frontier when it is released, adding that the company remains "very committed and very ​confident" about staying at the leading ​edge of AI.

When Barclays analyst ⁠Ross Sandler raised similar concerns about Google's model release pace, Pichai disclosed that Gemini 4's roadmap includes rolling out models "almost at a monthly cadence."

Pichai's vigorous defence underscores a growing challenge facing Google: persuading investors to judge ​its AI ambitions not by the delay of a single flagship model, but by the scale of ​an ecosystem spanning cloud ⁠infrastructure, custom AI chips and a portfolio of Gemini models embedded across its products and services.

While Google posted another quarter of blistering cloud growth on Wednesday — up 82%, far above an average estimate of 64% — Wall Street is increasingly focused on whether the company can regain leadership in AI coding ⁠and frontier ​reasoning, especially as its capital costs skyrocket.

Alphabet raised its capex plans by $15 billion to a ​range of $195 billion to $205 billion.

The company's shares fell more than 3% in after-hours trading. Concerns over Gemini's delays, coupled with several high-profile executive departures, have left the stock down ​about 9% since the end of April.

Reporting by Deborah Sophia in Bengaluru and Kenrick Cai in San Francisco; Editing by Sayantani Ghosh and Shri Navaratnam

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Kenrick Cai is a correspondent for Reuters based in San Francisco. He covers Google, its parent company Alphabet and artificial intelligence. Cai joined Reuters in 2024. He previously worked at Forbes magazine, where he was a staff writer covering venture capital and startups. He received a Best in Business award from the Society for Advancing Business Editing and Writing in 2023. He is a graduate of Duke University. Reach him on Signal at @kenrick.01.

Amazon.com Inc (NASDAQ:AMZN) reports second-quarter earnings on July 30, and Bank of America is raising the bar ahead of the print, arguing AWS is accelerating faster than the Street expects.

BofA now projects second-quarter revenue of $198.8 billion and operating profit of $24.1 billion, both above consensus of $196.8 billion and $23.6 billion.

The upside case centers on AWS: the bank raised its growth estimate to 33% year over year, up from 31%, a 5-point acceleration from the first quarter.

The driver is surging demand from AI model providers, with Anthropic-related revenue and OpenAI models on Bedrock cited as key contributors.

AWS margins should expand year over year to 34% on strong capacity utilization and pricing, though they'll contract sequentially as stock-based compensation rises.

Retail looks steadier. Bank of America card data shows online spending accelerated 2 points sequentially, consistent with Street expectations for North American retail growth to reach 14% year over year, even as the Prime Day bump appeared more modest than in prior years. BofA also thinks Amazon could raise its 2026 capex outlook to $210 billion on higher memory costs.

For the third quarter, BofA expects revenue guidance of $200.5 billion to $205.5 billion, a midpoint just below the Street's $204 billion. That outlook bakes in a roughly $1 billion sequential decline in North American retail tied to Prime Day timing, offset by international growth and AWS accelerating to 36%, adding an estimated $3.8 billion sequentially.

On profit, BofA expects a guidance range of $21.5 billion to $26.5 billion, with a $24 billion midpoint, flattish sequentially and slightly below the Street's $25 billion. Amazon typically guides conservatively, but AWS acceleration should still drive sequential profit growth.

BofA's broader thesis is that results will showcase Amazon's improving AI positioning, including AWS acceleration, an expanding backlog reportedly including $100 billion tied to Anthropic, positive Bedrock datapoints, and margin benefits from Amazon's Trainium chips.

Andrew Arons shares his perspective on the recent market volatility and what investors should be watching. He highlights Microsoft (MSFT) ahead of its earnings report next Wednesday, noting the stock's near 30% decline from all-time highs, pointing to it as a buy opportunity.

NEW YORK, July 22, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Microsoft Corporation (NASDAQ: MSFT) between May 1, 2025 and January 28, 2026, inclusive (the “Class Period”), of the important August 11, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Microsoft common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Microsoft’s Copilot family of products had experienced significant brand positioning, user experience, usage, data siloing, computational capacity, organizational, and interoperability problems; (2) Microsoft’s flagship proprietary AI model ranked well below competitors on a number of benchmark tests; (3) Microsoft needed to increase by billions of dollars its capital expenditures and divert graphics processing unit (“GPU”) and central processing unit (“CPU”) capacity away from fulfilling demand for its profitable Azure services in order to improve the competitive positioning of its critical Copilot family of products and increase its AI-related research and development (“R&D”); and (4) as a result, Microsoft had failed to convert a significant percentage of its commercial Microsoft 365 users to paid Copilot subscriptions and Microsoft’s Copilot offerings had lost market share to rival products, a trend that was increasing. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

On Wednesday, IBM officially reported earnings and the news was as bad as everyone knew it would be.

While the 115-year-old company still generates boatloads of cash — $17.2 billion in revenue, $9.9 billion in gross profit, nearly 58% margins, and $2.2 billion in net earnings for the quarter — its results fell well short of Wall Street’s expectations.

It was such a bad miss that IBM CEO Arvind Krishna and the board took an unprecedented step of warning investors ahead of time that the earnings “was worse than our expectations,” offering everyone a sneak peek.

He published a “letter to investors,” last week sharing preliminary results. It warned of abysmal revenue in the company’s all-important “infrastructure” category and said that profit margins were also going to take a hit. The company’s stock instantly tanked 25%, it’s biggest single-day decline ever. Until then, the stock had performed well under Krishna’s six years of leadership, buoyed by the AI data center boom that had been lifting all boats.

On Wednesday, IBM also lowered its full-year growth forecasts, meaning this horrible quarter would impact the rest of the year. The culprit? IBM’s cash-cow mainframe business was down 42%.

That’s a cascading problem, because as CFO Jim Kavanaugh explained on the quarterly call with investors, IBM earns $3 in software revenue for every $1 of mainframe hardware it sells.

However, the CEO and CFO spent the call insisting that this was a temporary blip and all would be well soon.

What happened, they said, was that “tens” of customers that were due to buy a new mainframe during the quarter opted not to do so. That may not sound like a lot of customers, but mainframes are systems that cost hundreds of thousands to millions of dollars, and with maintenance contracts and software, generate many millions more.

The same AI boom that lifted IBM’s boat also sank it.

Instead of buying a new mainframe, these clients bought other hardware, Krishna explained. They were faced with astronomically high cost increases of 15% to 30% for data center gear and PCs.

“When they were faced with that issue, then they decided to move budget to those areas where they were having that extreme price,” Krishna said.

Enterprise hardware makers like Dell and HP have warned that rising costs on components like memory, caused by the AI build-out boom, have forced them to raise prices. Apple has said the same.

But Krishna promised that those customers will still buy their new mainframes eventually — along with their new software contracts. In fact, he said some of them have already done so this quarter. “We see no evidence of clients moving off the mainframe,” he said.

We’ll have to wait and see. But the tech industry has predicted the death of the mainframe for many decades now. Maybe even AI won’t kill it.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

International Business Machines Corporation (IBM) Q2 2026 Earnings Call July 22, 2026 5:00 PM EDT

Company Participants

Olympia McNerney - Global Head of Investor Relations
Arvind Krishna - CEO, President & Chairman
James Kavanaugh - CFO and Senior VP of Finance & Operations

Conference Call Participants

Amit Daryanani - Evercore ISI Institutional Equities, Research Division
Brent Thill - Jefferies LLC, Research Division
Benjamin Reitzes - Melius Research LLC
Fatima Boolani - Citigroup Inc., Research Division
Erik Woodring - Morgan Stanley, Research Division
Matthew Swanson - RBC Capital Markets, Research Division

Presentation

Operator

Welcome, and thank you for standing by. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time.

Now I will turn the meeting over to Olympia McNerney, IBM's Global Head of Investor Relations. Olympia, you may begin.

Olympia McNerney
Global Head of Investor Relations

Thank you. I'd like to welcome you to IBM's Second Quarter 2026 Earnings Presentation. I'm Olympia McNerney, and I'm here today with Arvind Krishna, IBM's Chairman, President and Chief Executive Officer; and Jim Kavanaugh, IBM's Senior Vice President and Chief Financial Officer.

We'll post today's prepared remarks and a replay of today's webcast on the IBM Investor website within a couple of hours. The earnings presentation is already available. To provide additional information to our investors, our presentation includes certain non-GAAP measures. For example, all of our references to revenue and signings growth are at constant currency. We provided reconciliation charts for these and other non-GAAP financial measures at the end of the presentation, which is posted to our investor website.

Finally, some comments made in this presentation may be considered forward-looking under the Private Securities Litigation Reform Act of 1995. These statements involve factors that could cause our actual results to differ materially. Additional information about these factors is included in the company's

New York, New York--(Newsfile Corp. - July 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of First Solar, Inc. (NASDAQ: FSLR) between February 26, 2025 and February 24, 2026, inclusive (the "Class Period"), of the important August 24, 2026 lead plaintiff deadline.

SO WHAT: If you purchased First Solar securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the First Solar class action, go to https://rosenlegal.com/cases/first-solar-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 24, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) defendants had overstated First Solar's capacity to manage the impact of U.S. tariff policy on First Solar's business; (2) defendants understated the extent to which its responses to U.S. tariff policy, including the intentional underutilization of production facilities in Malaysia and Vietnam, and attempted relocation of production to the U.S., were likely to negatively impact First Solar's projected performance in the 2026 fiscal year; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the First Solar class action, go to https://rosenlegal.com/cases/first-solar-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306186

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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Texas Instruments Incorporated (TXN) Q2 2026 Earnings Call Transcript

New York, New York--(Newsfile Corp. - July 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Intuit Inc. (NASDAQ: INTU) between August 22, 2025 and May 20, 2026, inclusive (the "Class Period"), of the important September 8, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Intuit securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Intuit class action, go to https://rosenlegal.com/cases/intuit-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 8, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) they had overstated Intuit's competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (2) in reality, Intuit was losing significant business in its tax-related business, particularly in its Turbo Tax business, as a result of, inter alia, increasing competitive and pricing pressures; (3) accordingly, Intuit's previously issued full year ("FY") 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Intuit class action, go to https://rosenlegal.com/cases/intuit-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306182

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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July 22, 2026 20:06 ET  | Source: Canadian National Railway Company

MONTRÉAL, 22 juill. 2026 (GLOBE NEWSWIRE) -- Le CN (TSX : CNR) (NYSE : CNI) et Union Pacific (NYSE : UNP) ont annoncé aujourd’hui la signature d’un protocole d’entente exécutoire établissant un cadre pour permettre au CN d’obtenir un accès concurrentiel dans le cadre de l’opération proposée entre Union Pacific et Norfolk Southern (NYSE : NSC).

L’entente de règlement préserve les options des clients et résout les enjeux de propriété des terminaux ferroviaires, tout en accroissant la présence du CN dans le Midwest et en réaffirmant la protection des points d’accès pour tous les clients et les chemins de fer.

Aux termes de l’entente de règlement, qui est subordonné à l’approbation du Surface Transportation Board (STB) et à la finalisation de la fusion :

Le CN obtient l’accès aux installations des expéditeurs lorsque les options des chemins de fer de classe I sont réduites de 2 à 1 ou de 3 à 2, si le contexte commercial et l’exploitation le permettent.Le CN acquiert les participations de Norfolk Southern dans la Kansas City Terminal Railway Company (KCT) et la Terminal Railroad Association of St. Louis (TRRA). Le CN obtient un nouvel accès au Midwest grâce aux droits généraux entre Tuscola, en Illinois, et East St. Louis, en Illinois, et aux droits de desservir les clients entre St. Louis, au Missouri, et Kansas City, au Missouri. Pour la première fois, le CN sera présent au cœur de Kansas City, grâce à l’utilisation du triage Neff d’Union Pacific. Le CN ne s’opposera pas à la fusion entre Union Pacific et Norfolk Southern. Les deux parties collaboreront dans le cadre du processus du STB afin d’assurer la mise en œuvre de cette entente. « Dès le premier jour, nous avons affirmé que notre fusion avec Norfolk Southern préserverait et renforcerait nos options concurrentielles et créerait un secteur ferroviaire plus fort qui offre un meilleur service aux clients », a déclaré Jim Vena, PDG d’Union Pacific. « Cette entente de règlement renforce ces engagements en accordant un accès et des droits d’exploitation élargis à un concurrent redoutable. »

« Alors que le secteur ferroviaire envisage d’importants changements structurels, il est essentiel que les clients continuent de profiter d’une véritable concurrence et de choix », a déclaré Tracy Robinson, présidente-directrice générale du CN. « Ce cadre permettrait de préserver l’accès concurrentiel aux principaux marchés, notamment Kansas City, tout en positionnant le CN de manière à ce qu’il continue à offrir des options fiables et efficaces à ses clients partout en Amérique du Nord. »

Énoncés prospectifs
Certains énoncés contenus dans le présent communiqué constituent des « énoncés prospectifs » au sens de la Private Securities Litigation Reform Act of 1995 des États-Unis et en vertu des lois canadiennes sur les valeurs mobilières. Ces énoncés, de par leur caractère prospectif, impliquent des risques, des incertitudes et des hypothèses. Le CN et Union Pacific préviennent que leurs hypothèses pourraient ne pas s’avérer et qu’en raison de la conjoncture économique actuelle, ces hypothèses, qui étaient raisonnables au moment où elles ont été formulées, comportent un degré plus élevé d’incertitude. Les énoncés prospectifs peuvent se reconnaître à l’emploi de termes comme « croit », « prévoit », « s’attend à », « présume », « perspective », « planifie », « vise » ou d’autres termes semblables. Les énoncés prospectifs sont fondés sur l’information disponible à la date où ils sont formulés. Le CN et Union Pacific ne peuvent être tenu de mettre à jour ou de réviser les énoncés prospectifs pour tenir compte d’événements futurs, de changements de situations ou de changements de convictions, à moins que ne l’exigent les lois applicables sur les valeurs mobilières. Si le CN ou Union Pacific décidait de mettre à jour un énoncé prospectif, il ne faudrait pas en conclure qu’ils feront d’autres mises à jour relatives à cet énoncé, à des questions connexes ou à tout autre énoncé de nature prospective.

À propos du CN
Le CN propulse l’économie en acheminant annuellement en toute sécurité plus de 300 millions de tonnes de ressources naturelles, de produits manufacturés et de produits finis partout en Amérique du Nord pour ses clients. Grâce à son réseau ferroviaire de près de 20 000 milles et à ses services de transport connexes, le CN relie les côtes est et ouest du Canada au Midwest des États-Unis et à la côte du Golfe aux États-Unis, contribuant au commerce durable et à la prospérité des collectivités qu’il dessert depuis 1919.

Sources :
 MédiasInvestisseursAshley MichnowskiJamie LockwoodDirectrice principaleVice-présidentRelations avec les médias
438 596-4329
[email protected] avec les investisseurs et Projets
spéciaux
514 399-0052
[email protected]
À PROPOS D’UNION PACIFIC
Union Pacific (NYSE : UNP) livre, au moyen d’un service sécuritaire, fiable et efficace, les biens que les familles et les entreprises utilisent au quotidien. Présente dans 23 États de l’ouest des États-Unis, l’entreprise relie ses clients et les collectivités à l’économie mondiale. Le train est le moyen de transport de marchandises le plus écologique, ce qui permet à Union Pacific de protéger les générations futures. Pour en savoir davantage sur Union Pacific, consultez le site www.up.com.

Personne-ressource des médias d’Union Pacific : [email protected].
www.up.com
www.facebook.com/unionpacific
www.twitter.com/unionpacific

NEW YORK, July 22, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Lucid Group, Inc. (NASDAQ: LCID) between February 25, 2026 and April 13, 2026, inclusive (the “Class Period”), of the important July 28, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Lucid securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Lucid class action, go to https://www.rosenlegal.com/cases/lucid-group-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 28, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (2) the foregoing was likely to, and did, have a material negative impact on Lucid’s business and financial results; (3) accordingly, the defendants had overstated the purported enhancements to Lucid’s manufacturing and delivery capabilities and overall operations; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Lucid class action, go to https://www.rosenlegal.com/cases/lucid-group-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

El diseño exterior actualizado se caracteriza por un diseño más definido y determinado El nuevo paquete Trailhunter amplía las prestaciones todoterreno integradas de fábrica La última versión del sistema multimedia Toyota Audio ahora viene de serie con una pantalla de 14 pulgadas Toyota Safety Sense 4.0 estándar Está previsto que los detalles completos del modelo Tundra 2027 se den a conocer durante el otoño de 2026 , /PRNewswire-HISPANIC PR WIRE/ -- Toyota presenta una versión actualizada del modelo Tundra para 2027, con un diseño audaz actualizado, tecnología mejorada y más prestaciones gracias a la incorporación del nuevo paquete Trailhunter. La actualización de esta camioneta Tundra se basa en los comentarios de los clientes y en el estudio continuo de cómo viven, trabajan y exploran sus propietarios; asimismo, refleja la misión constante de Toyota de fabricar vehículos de tamaño completo que refuercen el vínculo entre los estilos de vida activos y la capacidad auténtica de una camioneta.

El nuevo modelo Tundra 2027 de Toyota se estrena con un diseño robusto y renovado, tecnología innovadora y el nuevo paquete Trailhunter La camioneta Tundra 2027 fue desarrollada por los equipos de Toyota Motor North America, incluida la división de investigación de diseño CALTY de Toyota en Ann Arbor, Michigan, y presenta un diseño frontal más moderno y funcional que destaca la solidez, el rendimiento y la autenticidad. El diseño actualizado refuerza el papel de Tundra como camioneta de tamaño completo concebida para clientes que esperan que su vehículo ofrezca prestaciones con confianza, a la vez que presenta un aspecto más refinado y personalizado que se adapta a los gustos cambiantes de los clientes.

Nuevo paquete Trailhunter

La camioneta Tundra 2027 incorpora el nuevo paquete Trailhunter, un sistema todoterreno resistente basado en la versión SR5 y diseñado para clientes que buscan un rendimiento mejorado en las carreteras desde fábrica. Este paquete incluye neumáticos Michelin LTX Trail 265/70R18, suspensión mejorada de Old Man Emu, ganchos de rescate delanteros y protección adicional en los bajos para facilitar el desplazamiento sobre los terrenos más exigentes. Con un precio más asequible, este paquete Trailhunter contribuye a que las prestaciones para la aventura sean más accesibles para los clientes aficionados a la aventura.

El paquete además incluye tecnologías clave para la conducción todoterreno, como el sistema Multi-Terrain Select (selección de múltiples terrenos), el Crawl Control (control de arrastre) y un diferencial trasero bloqueable, las que mejoran la tracción y el control en una amplia variedad de condiciones difíciles. Por otra parte, el paquete Trailhunter se destaca por sus exclusivas llantas de color bronce y sus insignias únicas, las que le confieren una identidad visual distintiva a la altura de su equipamiento centrado en el rendimiento. En conjunto, estas características convierten al paquete Trailhunter en una opción muy atractiva para clientes que buscan un modelo Tundra más preparado para la aventura y con auténtico espíritu todoterreno.

Diseño funcional y moderno

El modelo Tundra 2027 refleja una filosofía de diseño basada en la solidez, la determinación y la capacidad. El diseño de CALTY se destaca por una geometría frontal nítida y cuadrada, con una estructura alineada verticalmente que transmite potencia y máxima confianza en la capacidad de carga. El resultado es un vehículo audaz, moderno y robusto que se mantiene fiel a la identidad de las camionetas Toyota.

En toda la línea, el nuevo diseño frontal resulta equilibrado y sofisticado, con una presencia ancha y estable, así como un diseño central de la parte inferior del paragolpes que potencia su aspecto robusto. Los faros antiniebla rectangulares se integran perfectamente al paragolpes para ofrecer mayor funcionalidad, mientras que los diseños de parrilla adoptan un estilo hexagonal robusto que se adapta a los distintos acabados y caracteres.

Además, la línea de modelos Tundra continúa reflejando cómo Toyota adapta cada vehículo al estilo de vida específico de cada cliente. Desde versiones todoterreno ultrarresistentes hasta variantes de gama alta, la estrategia de diseño renovada respalda una variedad más amplia de necesidades de los clientes, a la vez que mantiene la autenticidad y la robustez que se esperan de una camioneta Toyota.

Sistema multimedia Toyota Audio de última generación

La nueva camioneta Tundra 2027 cuenta con la versión más reciente del sistema multimedia Toyota Audio. Desarrollado en Norteamérica en colaboración con Toyota Motor North America y Toyota Connected North America, el nuevo sistema integra conectividad a la red 5G de AT&T. Este posee un diseño intuitivo, similar al de un teléfono inteligente, que ofrece widgets personalizables en su nueva pantalla de inicio. Además, incorpora nuevas funciones de asistente de voz que ofrecen respuestas más rápidas a las indicaciones "Oye, Toyota". Ahora, el modelo Tundra viene de serie con una pantalla de 14 pulgadas que ofrece una interfaz digital más grande y avanzada.

El sistema de última generación también incluye una cámara exterior integrada de serie. Cuando están activadas, las cámaras exteriores del vehículo (delanteras/traseras o monitor de visión panorámica, si el vehículo dispone de él) están diseñadas para grabar videos de 20 segundos tanto de eventos manuales como de eventos activados de forma automática.

La funcionalidad mejorada de la llave digital también está disponible en el modelo Tundra 2027 si cuenta con una versión de prueba* o una suscripción activa a Remote Connect. Además de acceder a la llave digital desde la aplicación Toyota, los usuarios ahora pueden gestionar la funcionalidad desde la aplicación de billetera digital nativa de sus dispositivos inteligentes compatibles (como Apple®, Google® o Samsung®), incluidas las operaciones de bloqueo, desbloqueo, arranque y conducción del vehículo Toyota compatible. Asimismo, los usuarios pueden compartir y gestionar permisos de uso compartido de la llave digital con hasta cinco conductores adicionales directamente desde sus billeteras digitales. Una vez habilitada la llave digital en la billetera, esta permite el acceso al vehículo gracias a la tecnología de comunicación de campo cercano (NFC, por sus siglas en inglés) durante cierto tiempo incluso si al dispositivo se le agotó la batería.

Para leer el comunicado de prensa completo sobre el sistema multimedia Toyota Audio más reciente, haga clic aquí.

Por si todo esto fuera poco, el modelo Tundra cuenta con un inversor de 2.4 kW en las versiones i-FORCE MAX que ofrece energía para herramientas, equipamiento y material de ocio. Ya sea en el trabajo, en un camping o de viaje, el inversor aporta un versatilidad adicional a las ya completas prestaciones de la camioneta.

*Depende de la red 5G.

Iluminación mejorada

La versión Tundra actualizada también incorpora mejoras de hardware destinadas a promover la visibilidad y la confianza. La barra de luces LED integrada a la parrilla fue mejorada para ofrecer mayor intensidad de iluminación, y los faros antiniebla RIGID®, disponibles de manera opcional, mejoran aún más la iluminación en condiciones de baja visibilidad. Los ganchos de remolque delanteros disponibles aportan tanto funcionalidad como una presencia visual más llamativa.

Descripción general del modelo

La camioneta Tundra 2027 se ofrece en diferentes modelos para satisfacer las necesidades de una amplia variedad de clientes del sector de camionetas. Las versiones incluyen SR, SR5, Limited, Platinum, 1794 Edition, TRD Pro y Capstone, además del paquete Trailhunter opcional para clientes que buscan mayor capacidad para aventuras en camionetas todoterreno desde fábrica. La camioneta está disponible con opciones de propulsión tanto de gasolina como híbrida; el motor V6 biturbo de gasolina ofrece un gran rendimiento en el día a día y gran capacidad de remolque, mientras que la propulsión híbrida i-FORCE MAX, disponible en forma opcional, aporta aún más par y capacidad de respuesta a clientes que buscan prestaciones mejoradas. En conjunto, estas versiones y opciones de propulsión permiten a la Tundra satisfacer las necesidades de clientes que desean una camioneta lista para el trabajo, comodidad de alta gama, rendimiento todoterreno y versatilidad para el día a día.

Características de seguridad y comodidad
La camioneta Tundra de Toyota cuenta con el sistema Toyota Safety Sense (TSS 4.0) actualizado. La última versión del paquete estándar de seguridad activa y comodidad de Toyota incorpora mejoras en el hardware y en las capacidades de detección y cuenta con las siguientes características:

Sistema de Pre-Colisión con Detección de Peatones (PCS w/PD)  Control Automático de Velocidad con Radar Dinámico (DRCC)  Alerta de Cambio Involuntario de Carril con Asistencia de Dirección (LDA w/SA)  Luces Largas Automáticas (AHB)  Asistente de Seguimiento de Carril (LTA)  Asistencia para Señales de Tránsito (RSA)  Asistente de Conducción Proactiva (PDA)  Garantía limitada

La garantía básica de 36 meses/36,000 millas de Toyota para vehículos nuevos se aplica a todos los componentes no sujetos a desgaste normal y mantenimiento. Las garantías adicionales de 60 meses cubren la cadena cinemática durante 60,000 millas y contra la perforación por corrosión durante 60 meses sin límite de millaje. Los componentes relacionados con el híbrido que requieran reparaciones necesarias para corregir defectos de materiales o mano de obra están cubiertos durante 8 años/100,000 millas, lo que ocurra primero, a partir de la fecha original de primer uso cuando se venden como nuevos. La batería híbrida está cubierta por una garantía de 10 años/150,000 millas, lo que ocurra primero, y es transferible entre propietarios. La Tundra 2027 de Toyota también viene con ToyotaCare, un plan que cubre el mantenimiento normal programado de fábrica, durante dos años o 10,000 millas, lo que ocurra primero, y 2 años, con millaje ilimitado de asistencia en carretera.

Más detalles próximamente

Está previsto que los detalles adicionales, las especificaciones y los precios de la Tundra 2027 se den a conocer durante el otoño de 2026.

Acerca de Toyota  

Toyota (NYSE:TM) ha sido parte del tejido cultural de América del Norte durante casi 70 años y está comprometida con el avance de la movilidad sostenible de última generación mediante nuestras marcas Toyota y Lexus, además de nuestros más de 1,800 concesionarios.   

Toyota emplea directamente a casi 64,000 personas en Norteamérica que han contribuido al diseño, la ingeniería y el montaje de más de 50 millones de automóviles y camionetas en nuestras 14 plantas de fabricación. En 2025, la planta de Toyota en Carolina del Norte comenzó a ensamblar baterías automotrices para vehículos eléctricos.  

 Para obtener más información sobre Toyota, visite www.ToyotaNewsroom.com. 

CONTACTOS PARA LOS MEDIOS
Adam Lovelady
[email protected]

FUENTE Toyota Motor North America

Molina (MOH - Free Report) reported $10.87 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 4.8%. EPS of $1.51 for the same period compares to $5.48 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $10.88 billion, representing a surprise of -0.08%. The company delivered an EPS surprise of +10.22%, with the consensus EPS estimate being $1.37.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Molina performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

MCR - Medicaid: 92.7% compared to the 92.9% average estimate based on three analysts.MCR - Medicare: 90.7% versus 93.7% estimated by three analysts on average.MCR - Marketplace: 88.9% versus the three-analyst average estimate of 84.9%.Ending Membership by Program - Total: 4.93 million versus 5 million estimated by three analysts on average.Ending Membership by Program - Medicaid: 4.42 million versus the three-analyst average estimate of 4.48 million.Revenue- Premium revenue- Marketplace: $628 million versus the three-analyst average estimate of $643.41 million. The reported number represents a year-over-year change of -47.7%.Revenue- Premium tax revenue: $505 million versus the three-analyst average estimate of $437.04 million. The reported number represents a year-over-year change of +17.2%.Revenue- Premium revenue- Medicaid: $8.05 billion compared to the $8.16 billion average estimate based on three analysts. The reported number represents a change of +0.3% year over year.Revenue- Premium revenue- Medicare: $1.57 billion versus the three-analyst average estimate of $1.63 billion. The reported number represents a year-over-year change of -2.7%.Revenue- Premium revenue: $10.24 billion compared to the $10.43 billion average estimate based on three analysts. The reported number represents a change of -5.7% year over year.Revenue- Other revenue: $24 million versus $22.26 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.1% change.Revenue- Investment income: $101 million versus $99.18 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.7% change.View all Key Company Metrics for Molina here>>>

Shares of Molina have returned +15.3% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.