SummaryIntel Corporation posted a strong Q2, with Data Center revenue up nearly 60% YoY and operating margin rising to 39.5%.INTC’s turnaround is gaining traction, but its valuation remains stretched, trading at a premium to AMD, Broadcom, and Nvidia even on optimistic assumptions.Despite operational improvements and positive guidance, much of the future upside appears already priced in, limiting shareholder yield potential.I’m downgrading INTC to a Sell, as robust execution is outweighed by an inflated valuation and limited margin of safety. Getty Images
The Intel Corporation (INTC) thesis right now seems a bit strange to me. Sure, it has a bit of turnaround characteristics, as well as some secular trends that the company can ride to improve its earnings. But it also has
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Intel (INTC - Free Report) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to a loss of $0.1 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +100.00%. A quarter ago, it was expected that this world's largest chipmaker would post earnings of $0.01 per share when it actually produced earnings of $0.29, delivering a surprise of +2800%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Intel, which belongs to the Zacks Semiconductor - General industry, posted revenues of $16.13 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 11.89%. This compares to year-ago revenues of $12.86 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Intel shares have added about 178.1% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Intel?While Intel has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Intel was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.25 on $15.08 billion in revenues for the coming quarter and $1.07 on $58.71 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Semiconductor - General is currently in the top 3% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Amtech Systems (ASYS - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This provider of equipment for solar panel and semiconductor makers is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +66.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Amtech Systems' revenues are expected to be $21.5 million, up 9.9% from the year-ago quarter.
Intel (INTC - Free Report) reported $16.13 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 25.4%. EPS of $0.42 for the same period compares to -$0.10 a year ago.
The reported revenue represents a surprise of +11.89% over the Zacks Consensus Estimate of $14.41 billion. With the consensus EPS estimate being $0.21, the EPS surprise was +100%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Intel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenues- Total Intel Products Group: $15.14 billion compared to the $13.46 billion average estimate based on six analysts. The reported number represents a change of +28.2% year over year.Net Revenues- Total Intel Products Group- Data Center and AI: $6.26 billion versus $5.5 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +59% change.Net Revenues- All other- Total: $701 million versus the five-analyst average estimate of $629 million. The reported number represents a year-over-year change of -33.4%.Net Revenues- Intel Foundry Services: $5.77 billion versus the five-analyst average estimate of $5.6 billion. The reported number represents a year-over-year change of +30.5%.Net Revenues- Intersegment eliminations: $-5.48 billion versus $-5.46 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +23.9% change.View all Key Company Metrics for Intel here>>>
Shares of Intel have returned -22.1% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
AMD’s $5 Billion Anthropic Deal Could Redraw the AI Chip BattleIntel NASDAQ: INTC executives said the company delivered another quarter above its financial outlook, as demand for client and data center products continued to exceed available supply and management moved to increase capital spending to support future growth.
Chief Executive Lip-Bu Tan said second-quarter revenue, gross margin and earnings per share all came in above guidance, marking the company’s seventh consecutive quarter of exceeding its financial expectations. “Strong demand for our products continue to outpace our growing supply,” Tan said, adding that Intel’s design and manufacturing execution is improving and that operating discipline put in place over the past 15 months is producing tangible results.
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One Short- and One Long-Term ETF for Quantum Computing BullsChief Financial Officer David Zinsner said second-quarter revenue was $16.1 billion, $1.8 billion above the midpoint of Intel’s guidance. Non-GAAP gross margin was 41.8%, about 280 basis points better than guidance, while non-GAAP earnings per share were $0.42, compared with guidance of $0.20. Operating cash flow was $7 billion, and Intel ended the quarter with about $30 billion in cash and short-term investments.
AI Demand Drives Client and Data Center Results Zinsner said Intel’s “AI-driven businesses” grew more than 70% year over year, including record data center growth, and contributed about 70% of total revenue. However, he said demand continues to outstrip supply even after the company exceeded its expectations for wafer output in the quarter.
A Market Panic Just Discounted the AI Highway's TollboothThe Client Computing and Physical AI Group, or CCPG, generated revenue of $8.9 billion, up 15% sequentially and above expectations. Zinsner said AI PC revenue rose 26% sequentially and now accounts for two-thirds of the client revenue mix. Edge deployments represented roughly 10% of CCPG revenue. The segment posted operating profit of $2.3 billion, or 26% of revenue, down about $173 million sequentially due to inventory charges tied to optimizing the factory network.
The Data Center and AI Group reported revenue of $6.3 billion, up 24% sequentially and 59% year over year, also meaningfully ahead of expectations. Zinsner said the result was driven by strong demand across hyperscale and enterprise customers. Operating profit for the segment was $2.5 billion, or 40% of revenue, up about $1 billion from the prior quarter due to higher revenue, improved product margins and lower operating expenses.
Tan said demand accelerated as customers increasingly recognize the role of CPUs, and x86 CPUs in particular, in AI infrastructure. He said second-quarter year-over-year server growth was the strongest on record and that Xeon 6 remains one of the fastest-ramping products in Intel’s history.
Foundry Roadmap Gains Emphasis Tan said his confidence in Intel Foundry’s process roadmap has grown significantly since he joined the company. During the quarter, he said Intel factories across Intel 7, Intel 3 and Intel 18A exceeded internal volume targets due to improving yields, better cycle times and rising wafer starts.
Zinsner said Intel Foundry revenue was $5.8 billion, up 6% sequentially on higher fab volumes driven by Intel 18A growth. He said 18A output was approximately 25% above target and more than 50% higher quarter over quarter. External foundry revenue was $293 million. Intel Foundry reported an operating loss of $2.1 billion, an improvement of $348 million from the prior quarter.
Tan said 18A output increased meaningfully in the quarter, with yields tracking ahead of expectations, and that Intel is ramping multiple new products on 18A, including Panther Lake and Wildcat Lake. The company also began risk production of 18A-P, which Tan said provides additional performance and power advantages while maintaining compatibility with Intel 18A.
Looking further ahead, Tan said Intel 14A development is progressing, with defect density and transistor performance outpacing 18A development. He said PDK 0.5 is complete and PDK 0.9 remains on track for October. Intel remains on track for 14A risk production for internal products in the second half of 2027 and made the decision in the second quarter to fully commit to a high-volume ramp in 2028.
Capital Spending Outlook Raised Intel is raising its 2026 capital spending outlook and now expects CapEx of more than $20 billion, Zinsner said. He added that 2027 capital expenditures are expected to be significantly above 2026 levels, with the vast majority spent across Intel’s U.S. network. Zinsner said the company is locking in tool purchase orders, accelerating clean room build-outs and securing substrate and memory supply.
During the question-and-answer portion of the call, Zinsner said the higher CapEx plan is broad-based, including advanced packaging, though front-end fabs will account for a larger portion because they are more expensive than packaging facilities. He said the increased investment reflects confidence in customers across Intel’s business units, particularly where the company has signed long-term agreements.
Zinsner said Intel remains disciplined in its spending and will put capital in place when it believes it can generate strong returns. He also noted that Intel expects investment tax credits on U.S. spending, though timing delays affect when those benefits are realized.
Third-Quarter Guidance Reflects Supply Constraints For the third quarter, Intel guided revenue to a range of $15.8 billion to $16.8 billion. At the midpoint of $16.3 billion, the company expects non-GAAP gross margin of 42%, a tax rate of 11% and non-GAAP EPS of $0.38.
Zinsner said industrywide supply constraints across wafers, memory and substrates remain the dominant challenge for customers supporting the AI infrastructure build-out. He said Intel’s wafer output exceeded expectations from 90 days earlier, and quarter-to-date 18A yields in the third quarter are trending ahead of targets set in March. Even so, he said supply remains very tight, especially for servers, with supply growth skewed toward the end of the third quarter and into the fourth quarter.
Intel expects PC consumption to be sub-seasonal in the second half and down low-double-digit percent for all of 2026, affected by rising memory prices and constraints. Zinsner said Intel’s outlook for server CPU demand has improved since the prior earnings report, with the company forecasting strong double-digit industry unit growth this year and next, with momentum extending into 2028.
Management Highlights ASICs, Packaging and Memory Executives also pointed to longer-term opportunities in purpose-built silicon, advanced packaging and external foundry services. Tan said Intel’s design services revenue grew nearly three times year over year and cited a collaboration with Fortinet for a security processor as part of the company’s ASIC strategy. In response to an analyst question, Zinsner said Intel’s ASIC business is approaching a $2 billion run rate, while Tan described the broader opportunity as a potential market of more than $100 billion.
Tan said customer interest in EMIB-T advanced packaging remains high and that Intel has a growing backlog. He said yields and reliability are hitting targets, with the company focused on ramping the technology to high volume and quality to support customer ramps in 2027.
On memory, Tan said it has become a major supply constraint in AI infrastructure and that Intel is collaborating with the three major memory vendors. He also said the company is exploring ways to better integrate compute and memory and improve memory utilization, while pointing to Intel’s history in memory and the recent hiring of Seok-hee Lee, the former CEO of SK hynix.
About Intel (NASDAQ:INTC)Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel's core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel's product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
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 Intel Right Now?Before you consider Intel, 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 Intel wasn't on the list.
While Intel currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
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The AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge—and the key risks investors should watch as the global AI buildout accelerates.
We can separate high-yield dividend stocks into two broad categories. The first group consists of companies with stable businesses that generate consistent cash flow and are very likely to continue paying -- and perhaps raising -- their dividends for the foreseeable future. The second are distressed corporations. They boast high yields because their share prices have fallen substantially, reflecting weak business fundamentals.
Many investors would put Pfizer (PFE +0.77%) in the second group. The drugmaker's shares have lost significant value over the past five years, as the company has failed to sustain the amazing success it achieved in the coronavirus market. However, there is much more to the story. Let's discuss why Pfizer's 7% forward yield is more sustainable than it appears at first glance.
The business is strengthening Pfizer's revenue and earnings have declined over the past five years, while it has maintained and even increased its dividend. The company's payout ratio has soared as a result -- it is currently about 127%. That looks unsustainable. But Pfizer's cash payout ratio, a much better measure of whether the company can maintain its dividend program intact, looks less scary at 107.7%. Management is confident of the company's ability to sustain, and even increase, the payout moving forward. That isn't just wishful thinking: Pfizer could improve its business in the coming years and eventually post much stronger financial results.
Image source: The Motley Fool.
Consider that Pfizer boasts highly promising programs in the pipeline that will yield brand-new approvals and label expansions. For instance, the company's Padcev is a cancer medicine that is currently one of its better-performing products. On July 10, Padcev earned approval for the treatment of muscle-invasive bladder cancer in combination with Merck's (MRK +2.42%) Keytruda. Padcev was granted the green light regardless of whether patients are eligible for Cisplatin, a chemotherapy drug for bladder cancer that is effective but comes with significant side effects. That's a big deal since many drugs for bladder cancer (including Padcev, initially) aren't approved regardless of Cisplatin eligibility.
Pfizer sees a large addressable market here, given Padcev's strong phase 3 clinical trial results: It reduced the risk of death or recurrence by 50% compared to the current standard of care in cisplatin-eligible patients with bladder cancer, when combined with Keytruda. This indication could add hundreds of millions of dollars -- perhaps over $1 billion -- to Padcev's peak sales. That may not seem like a lot for a company that generated over $60 billion in revenue last year, but it could land several such regulatory wins, which will add label expansions across its drug portfolio and eventually improve sales growth.
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Pfizer's brand-new products may have an even bigger impact. Consider the company's most promising opportunity: the weight-loss market. Pfizer boasts several attractive and highly differentiated anti-obesity candidates. MET-097i, a GLP-1 that is perhaps the most promising among the company's anti-obesity products, is currently being investigated in phase 3 studies as a long-acting candidate. It showed promising mid-stage results, including with monthly dosing.
Provided MET-097i gains approval, it could expand the market by attracting patients hesitant to use GLP-1 medicines due to their weekly dosing schedules or side effects (it also demonstrated strong tolerability). Pfizer is also working on a couple of oral pills for weight loss, yet another category that has proved highly successful. Looking beyond weight loss, Pfizer has an attractive oncology pipeline. The bulk of the company's phase 3 studies are in this area, and with exciting products like PF'4404 -- which belongs to a newer class of medicines that could help revolutionize cancer treatments -- Pfizer's cancer business could improve significantly over the medium term. True, Pfizer still faces some headwinds.
The company will lose patent exclusivity for some key products by the end of the decade, including Eliquis, an anticoagulant. However, Pfizer's deep lineup and equally impressive pipeline could allow it to meet its goal of increasing revenue at a high single-digit compound annual growth rate over the five years starting in 2029. That may not seem like such a big deal, but for a company that has been struggling in recent years, it would be an accomplishment. In the meantime, Pfizer's dividend program should remain intact.
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In IBM To Contact Him Directly To Discuss Their Options
If you purchased or acquired stock in IBM and would like to discuss your legal rights, contact Bragar Eagel & Squire partners Brandon Walker or Melissa Fortunato by email at [email protected] or by telephone at (212) 355-4648.
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NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) --
What’s Happening:
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against International Business Machines Corporation (“IBM” or the “Company”) (NYSE:IBM) on behalf of IBM stockholders. Our investigation concerns whether IBM has violated the federal securities laws and/or engaged in other unlawful business practices. Investigation Details:
On July 14, 2026, IBM reported its preliminary Q2 2026 financial results. The Company fell short of analyst expectations, with CEO Arvind Krishna blaming the shortfall on weakness in the software and infrastructure business, with customers shifting budgets to hardware like memory chips. Following this news, IBM's stock price dropped by 24.6% in morning trading that day. Next Steps:
If you purchased or otherwise acquired IBM shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
New U.S. tariff policies, coupled with the worsening situation in Iran, have pushed up international oil prices, while tech stock pullbacks have weighed on U.S. stock indexes, dragging them lower.
At 12:01 a.m. ET on Friday (12:00 p.m. Beijing time on the 24th), the U.S. will roll out a new set of import tariff arrangements, with rates ranging from 10% to 12.5%, covering approximately 60 economies. Separately, Trump said he is "seriously considering" resuming large-scale military operations against Iran and is nearing a decision. "Iran wants negotiations, but it is not ready yet; it has not suffered enough pain," he stated. The U.S. will hold Iran responsible if Houthi forces attack ships again, and has deployed B-1 bombers, escalating tensions with Iran. According to market data from BIT (bit.com), U.S. stocks closed lower on Thursday: the Dow Jones Industrial Average fell 0.97%, the S&P 500 dropped 1.2%, and the Nasdaq slid 2.15%. Micron Technology (MU.O) rose 3%, SK Hynix (SKHY.O) gained 2.5%, Google (GOOG.O) plunged 7%, Tesla (TSLA.O) slumped 14.5%, and SpaceX (SPCX.O) climbed more than 2%. According to HTX market data, Bitcoin is currently trading at $65,190, down 1.05% in the past 24 hours. International oil prices rose sharply on the 23rd. As of the close of trading that day, September-delivery light crude oil futures on the New York Mercantile Exchange rose $5.36 to settle at $92.19 per barrel, a 6.17% increase; September-delivery Brent crude oil futures in London gained $6.62, marking their first close above $100 per barrel since May, settling at $100.69 per barrel, a 7.04% rise.
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South Korea plans to bring forward the increase in minimum cash margin requirements for single-stock leveraged ETFs.
South Korea’s financial regulators are studying a plan to bring forward the implementation of the minimum margin requirement hike for single-stock leveraged ETFs—originally scheduled to take effect next month—to the end of this month. The move is seen as a response to South Korean President Lee Jae-myung’s call for the rapid rollout of supplementary measures for single-stock leveraged ETFs. The Korea Financial Investment Association (KOFIA) held a working-level meeting on the 21st with IT staff from securities firms, South Korean trading platforms, and related institutions including Korea Securities Computing Corp. (Koscom) to discuss the implementation of the single-stock leveraged ETF framework. It is understood that financial regulators are considering pushing the minimum margin hike plan, initially set for early next month, to the end of this month. However, the regulators will make the final decision on the specific implementation timeline and applicable rules.
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Intel's CFO: Intel plans to significantly increase capital expenditure in 2027.
Intel (INTC.O) Chief Financial Officer stated that Intel plans to significantly increase its capital expenditure in 2027.
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AMD officially launches rack-mounted AI system Helios, set to begin shipping soon.
The AMD Advancing AI Conference was held in San Francisco from July 22 to 23. At the event, AMD CEO Lisa Su announced that Helios has entered full production and will begin shipping soon. OpenAI’s Head of Infrastructure stated that the company plans to deploy AMD Helios at scale, and OpenAI will collaborate with AMD to develop the MI500 series AI chips and their subsequent products. Additionally, Su said AMD is partnering with chip design firm Cerebras to deliver high-speed inference capabilities via Cerebras’ cloud services. The joint product of AMD and Cerebras will hit the market later this year. The AMD-Cerebras system will launch an AI inference solution combining AMD Helios GPU server racks and Cerebras’ wafer-scale chips. CNBC analysis points out that a year ago, Su projected the 2028 AI accelerator market would reach $500 billion. The latest forecast puts the market size at the end of this decade roughly equivalent to the current entire semiconductor market. Su noted that GPUs will account for the majority of this share.
2 minutes ago
Trump: To use Iranian funds to compensate for ship and cargo losses
US President Trump stated, "Until further notice, effective immediately, all and any damages caused to vessels, cargo, or any related items shall be compensated using Iranian funds currently held and controlled by the United States. Although such compensation amounts may be substantial, this remains a fair and reasonable approach."
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The United States has imposed additional tariffs ranging from 10% to 12.5% on 60 economies, with the measures taking effect today.
The Office of the United States Trade Representative (USTR) issued a notice on local time the 23rd, announcing that under Section 301 of the Trade Act of 1974, it would impose additional tariffs of 10% to 12.5% on dozens of countries and regions under the pretext of so-called "forced labor" to replace the expiring global import tariffs. The new tariffs will take effect at 12:00 noon ET on the 24th (12:00 noon Beijing time on the same day). The USTR stated that as the 10% global tariff is set to expire, this round of tariffs will be levied on 60 economies, covering more than 99% of U.S. trade volume. Senior U.S. officials added that tariff measures for goods in transit will take effect at 12:01 a.m. ET on July 28 (12:01 noon Beijing time on the same day). Imported goods including fuel, food, and fertilizers will be exempt from the new tariffs; products subject to specific industry-specific tariffs (such as automobiles, metals, and pharmaceuticals) are also excluded from the levy. Additionally, goods covered by the United States-Mexico-Canada Agreement (USMCA) will also be granted exemptions. U.S. officials noted that the new tariffs will not be imposed in tandem with existing steel and aluminum import taxes, namely the "Section 232" tariffs implemented by the Trump administration last year on national security grounds.
Hyperliquid, a decentralized perpetual futures exchange, has seen its open interest reach a significant high of $11.5 billion, according to a report from Delphi Digital. This increase reflects a notable rise in the total value of outstanding derivatives on the platform, with much of the activity centered around the HIP-3 market framework and S&P 500 perpetuals. The surge in open interest suggests growing participation in tokenized traditional-asset markets, indicating an expanding interest in real-world asset exposure on the platform. The current level marks the highest since the October 2025 market downturn, highlighting a robust recovery.
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Key Takeaways Hyperliquid’s surge to $11.5 billion in open interest appears to suggest increased platform usage and interest in traditional-asset markets. Current activity is heavily tied to the HIP-3 framework and S&P 500 perpetuals, indicating a shift towards non-crypto exposure. The open-interest high reflects a significant recovery since the October 2025 crash, indicating a robust return of market confidence. What to Watch Market participants will be observing whether Hyperliquid can maintain or exceed this open-interest level in the coming months. Developments such as partnerships with major financial institutions or technological advancements could be consistent with increased YES outcomes on price prediction markets. Conversely, any regulatory challenges or security issues could disrupt this upward trajectory. Monitoring the market’s response to these factors will be crucial in understanding Hyperliquid’s future dynamics.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 20% — — View market → January 1 2027 6.2% — — View market → January 1 2027 2.6% — — View market → January 1 2027 50.5% — — View market → January 1 2027 9% — — View market → January 1 2027 3.6% — — View market →
Bitcoin is showing signs of recovery, but this time, it is not a speculative bubble. Hyperliquid and Robinhood are accelerating the convergence between traditional finance and crypto, and BTC is the first beneficiary, according to Bitwise. A revolution is underway…
In brief Bitcoin benefits from the convergence between crypto and traditional finance, driven by players like Hyperliquid and Robinhood. Hyperliquid and Robinhood boost the market with innovations (perpetual derivatives, tokenized stocks 24/7). Opportunities and risks: Bitcoin becomes an institutional asset, but volatility and regulatory challenges persist. The winning Trio of the Upcoming Bull Run is Bitcoin, Hyperliquid, and Robinhood Bitcoin is back, and this time, it is not alone. According to Matt Hougan from Bitwise, the next bull market will be driven by the massive integration of crypto into traditional finance, with BTC at the forefront. But two key players will play a decisive role: Hyperliquid and Robinhood.
Hyperliquid, with its perpetual derivatives market, has extended its influence to traditional assets (oil, S&P 500), while maintaining strong demand for bitcoin. Its token, HYPE, jumped 146% in 2026, thanks to a model where 99% of revenues are used to buy back and burn tokens, reducing supply and supporting the price. A dynamic that indirectly benefits Bitcoin, as it strengthens the credibility of crypto assets.
Meanwhile, Robinhood launched its own blockchain (Layer 2) on July 1, 2026, enabling 24/7 trading of tokenized stocks in 120 countries. Within two weeks, $300 million was deposited. An adoption that legitimizes bitcoin as a central asset in this new financial era. In short, bitcoin is the symbol of this convergence, and Hyperliquid and Robinhood are its catalysts.
Is Bitcoin the Gauge of an Impending Revolution? While Hyperliquid and Robinhood embody innovation, bitcoin remains the market barometer. Since July 2026, its price has risen 9%, despite the Nasdaq-100 falling 6%. Moreover, Bitcoin ETF flows have turned positive again, and apparent demand follows an upward trend.
Apparent demand for Bitcoin. However, bitcoin is no longer just a store of value. It is becoming an institutional asset, adopted by major managers and recognized by regulators… But volatility persists. Bitcoin is therefore at the heart of this mutation, where crypto moves from a niche market to a pillar of global finance. But beware. Although the convergence with traditional finance is an opportunity, it also exposes BTC to new systemic risks.
Bitcoin, Hyperliquid, and Robinhood are redefining finance according to Bitwise. A historic opportunity looms, but the challenges are immense. And you, do you think that besides BTC, another crypto asset can become the safe haven of this new era?
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
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.
Newmont Corporation (NEM - Free Report) came out with quarterly earnings of $2.1 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.44%. A quarter ago, it was expected that this gold and copper miner would post earnings of $2.07 per share when it actually produced earnings of $2.9, delivering a surprise of +40.1%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Newmont, which belongs to the Zacks Mining - Gold industry, posted revenues of $6.12 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.69%. This compares to year-ago revenues of $5.32 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Newmont shares have lost about 4.1% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Newmont?While Newmont has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Newmont was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.99 on $6.27 billion in revenues for the coming quarter and $8.90 on $26.33 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Gold is currently in the bottom 6% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Agnico Eagle Mines (AEM - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.
This gold mining company is expected to post quarterly earnings of $2.92 per share in its upcoming report, which represents a year-over-year change of +50.5%. The consensus EPS estimate for the quarter has been revised 10% lower over the last 30 days to the current level.
Agnico Eagle Mines' revenues are expected to be $3.94 billion, up 40% from the year-ago quarter.
(Kitco News) - A 13% correction in gold prices during the second quarter has not been enough to derail the trajectory of the world's largest gold miner, after it delivered strong earnings and reaffirmed its full-year production guidance.
Newmont (NYSE: NEM) reported stronger-than-expected second-quarter earnings Thursday after the North American market close. The company said its earnings highlighted the resilience of its global portfolio despite lower gold prices and operational disruptions during the quarter.
The Denver-based miner reported net income of $2.2 billion, or $2.06 per diluted share, on revenue of $6.1 billion. Adjusted net income totaled $2.2 billion, or $2.10 per share, while adjusted EBITDA came in at $3.8 billion. The company also said it generated record second-quarter free cash flow of $2.2 billion
Newmont’s earnings beat analysts' consensus estimate of $1.98 per share
"Newmont delivered another quarter of strong operational and financial performance, producing approximately 1.3 million attributable gold ounces and generating record second-quarter free cash flow of $2.2 billion, while remaining on track to achieve our full-year 2026 guidance," said President and CEO Natascha Viljoen. "Supported by our strong balance sheet and consistent capital allocation framework, we returned $1.9 billion to shareholders through quarterly dividends and ongoing share repurchases executed since our last earnings call, while continuing to invest in the long-term strength of our business."
Although gold prices corrected sharply during the quarter, Newmont's realized gold price remained historically elevated at $4,414 an ounce. That was down from $4,900 an ounce in the first quarter but still well above the $3,320 an ounce realized during the same period last year. Gold sales totaled 1.20 million ounces during the quarter.
Attributable gold production totaled 1.29 million ounces, down just 1% from the first quarter despite production interruptions at the company's Cadia operation in Australia following seismic events. Lower output from Cadia, Ahafo South, Peñasquito and Yanacocha was partially offset by stronger production at Lihir, Boddington and the Pueblo Viejo joint venture. Newmont said operations at Cadia returned to normal levels by mid-June.
While production proved resilient, lower gold prices and operational disruptions pushed costs higher. Gold by-product all-in sustaining costs rose to $1,621 an ounce from $1,029 an ounce in the previous quarter, driven primarily by lower production volumes, higher sustaining capital spending and additional costs incurred at Cadia during the temporary shutdown. However, Newmont noted that year-to-date costs remain well below its full-year guidance.
Despite the increase in costs, Newmont continued to generate significant cash and return capital to shareholders. Since its last earnings report, the company has returned $1.9 billion through dividends and share repurchases, including $1.7 billion in share buybacks. Since February 2024, Newmont has reduced its outstanding share count by more than 100 million shares, or roughly 9%, increasing shareholders' exposure to future free cash flow generation.
The miner ended the quarter with $9.0 billion in cash, $13.0 billion in total liquidity and a net cash position of $3.4 billion. The company's board also declared a quarterly dividend of $0.26 per share, payable Sept. 28 to shareholders of record as of Sept. 3.
Newmont also highlighted progress on several long-term initiatives during the quarter, including receiving key regulatory approvals from the Province of British Columbia for the Red Chris Block Cave project. The approvals, including an amended Environmental Assessment Certificate completed through a consent-based process with the Tahltan Nation, mark an important milestone as the project advances toward a final investment decision.
Looking ahead, the senior producer reaffirmed its 2026 guidance, forecasting attributable gold production of approximately 5.26 million ounces with gold all-in sustaining costs of around $1,680 an ounce. The company expects production to be weighted slightly toward the second half of the year, with stronger output anticipated from Boddington, Tanami, Lihir, Cerro Negro and Brucejack. Third-quarter production is expected to be broadly in line with second-quarter levels.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Salesforce (CRM - Free Report) closed the most recent trading day at $156.93, moving -3.72% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 1.21%. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
The customer-management software developer's stock has climbed by 6.7% in the past month, exceeding the Computer and Technology sector's loss of 4.58% and the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of Salesforce in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.27, signifying a 12.37% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $11.3 billion, reflecting a 10.44% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.12 per share and a revenue of $46.09 billion, signifying shifts of +12.78% and +10.99%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Salesforce. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.14% fall in the Zacks Consensus EPS estimate. At present, Salesforce boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Salesforce is presently being traded at a Forward P/E ratio of 11.55. Its industry sports an average Forward P/E of 18.63, so one might conclude that Salesforce is trading at a discount comparatively.
One should further note that CRM currently holds a PEG ratio of 0.64. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 1.01 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 152, placing it within the bottom 39% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Harding Loevner has entered the ETF market with the International Developed Markets Select Equity ETF (NYSEARCA:LOEV), an actively managed fund that buys stocks of companies based in developed markets outside the United States. According to the fund’s prospectus dated June 12, 2026, LOEV lists on NYSE Arca and is issued by Harding, Loevner Funds, Inc., the fund arm of the Bridgewater, New Jersey investment firm that has spent decades running mutual funds and separately managed accounts for institutions.
The fund carries a management fee of 0.70%, with 0.00% in other expenses, for a total annual operating expense of 0.70%. On a $10,000 investment, that works out to about $70 a year. As of July 21, 2026, LOEV traded at $15.52, with only a handful of trading days behind it so far.
What the Fund Does LOEV is actively managed, meaning a team at Harding Loevner picks the holdings rather than tracking an index. According to the prospectus, the managers conduct fundamental research to identify companies that are “well managed, financially sound, fast growing, and strongly competitive, and whose shares are reasonably priced relative to estimates of their value.” That is a quality-growth style: owning durable businesses at prices the managers view as reasonable, rather than chasing whatever is cheapest or most in favor.
The fund’s stated benchmark is the MSCI World ex US Net (USD) index, and the portfolio is diversified across geography, industry, currency, and market capitalization, normally holding stocks across at least 10 countries. Harding Loevner has not yet published LOEV’s full holdings, but the kinds of large developed-market names that fit this universe include ASML Holding (NASDAQ:ASML | ASML Price Prediction) in the Netherlands, Novo Nordisk (NYSE:NVO) in Denmark, SAP (NYSE:SAP) in Germany, and Shopify (NASDAQ:SHOP) in Canada.
Nothing exotic sits under the hood. There is no leverage, no options overlay, no crypto exposure, and no single-stock concentration. The predecessor portfolio’s turnover rate was 28%, which points to a patient, low-churn approach if the ETF follows the same playbook.
Why It Exists and How It Stacks Up Harding Loevner has been in business since 1989 and managed approximately $40.9 billion in assets as of December 31, 2025. The firm is known primarily among advisors and institutions for its international and global equity strategies. Wrapping one of those strategies in an ETF gives everyday investors access to the approach with the trading flexibility and typical tax efficiency of the ETF structure.
The competitive picture is a study in trade-offs. The largest passive rival, the Vanguard FTSE Developed Markets ETF, charges a rock-bottom expense ratio of 0.03%, and the iShares Core MSCI EAFE and Schwab International Equity funds sit in the same low-cost neighborhood. LOEV’s 0.70% fee is materially higher. That extra cost buys active stock selection and Harding Loevner’s quality-growth screen, and it is up to investors to decide whether they think that lens will beat a plain index over time.
Who It Might Suit, and the Risks The fund is designed for investors who want dedicated exposure to developed international markets and prefer an actively managed approach over broad-index tracking. It could fit as the international-equity sleeve of a diversified portfolio, alongside U.S. and emerging-markets holdings.
The caveats deserve serious weight. LOEV has no ETF performance history to judge, only two trading days of price data as of this writing. New ETFs often launch with small assets and wide bid-ask spreads, and funds that fail to gather assets sometimes close. The prospectus also flags investment style risk, noting that a quality-growth approach can lag when markets reward value or high current dividends instead. Currency swings, foreign-market volatility, and concentration in a manager’s stock picks are all part of the package.
For now, the things worth watching are how quickly LOEV attracts assets, how tightly it trades, and whether Harding Loevner’s active picks can justify the fee gap versus penny-cheap index rivals over its first full year.
Contact [email protected] for any questions or corrections.
A logo on the SAP exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022.... Purchase Licensing Rights, opens new tab Read more
July 23 (Reuters) - SAP's (SAPG.DE), opens new tab finance chief said on Thursday that artificial intelligence in enterprise software must move beyond chatbots and coding tools into more complex business processes, where clean data, reliability and cost control matter more than access to the most powerful model.
Companies have poured money into generative AI but are still seeking evidence of broad productivity gains, and SAP is arguing that the returns will come less from general-purpose models than from governed systems embedded in specific business processes.
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CFO Dominik Asam told reporters after SAP's second-quarter results that the "lion's share" of AI token consumption today was spent in "low-hanging fruits" coding assistant and chatbots, where AI's hallucinations matter less because the output carries limited risk if it fails.
But applying AI to finance, supply chain or other core business processes is harder because errors carry over multiple steps, increasing risk against compliance standards, he said.
"If you have some hallucinations in the process, the errors will actually compound statistically over many steps," Asam said, referring to finance workflows. "It requires much more excruciating assurance levels."
The "high-hanging fruit" of AI, Asam said, is less about applying a generic plug-and-play large language model across a company than about building systems around specific businesses.
That requires companies to make their own data usable and governed, so AI can operate with the knowledge of the company. "The idea that AI will solve all these problems if they are messy, legacy data silos is not true," Asam said, adding that such an approach came with "extremely high token costs."
The most advanced model is not always the right one, he said. In practice, he said, companies will use the cheapest reliable tool that can deliver the required outcome safely, whether that is simple software, an open-source model or an expensive frontier model.
Reporting by Leo Marchandon in Gdansk; Editing by Alistair Bell
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Leo's stories appear regularly on the technology and media desk, with a particular focus on France, Ukraine, and Europe's tech build up. He has reported extensively on major players across media & entertainment, artificial intelligence, and digital regulations. A background in tech-related law, Leo started his journalism career in Bordeaux, where he covered the full spectrum of the technology beat, from AI and spacetech to payment systems and regulations. He is now based in Gdansk, covering business, tech and entertainment news across Europe with Reuters.
SAP SE (SAP) Q2 2026 Earnings Call July 23, 2026 5:00 PM EDT
Company Participants
Alexandra Kasper Steiger - Global Head of Investor Relations
Christian Klein - CEO & Member of Executive Board
Dominik Asam - CFO & Member of Executive Board
Conference Call Participants
Adam Wood - Morgan Stanley, Research Division
Mohammed Moawalla - Goldman Sachs Group, Inc., Research Division
Ben Castillo-Bernaus - BNP Paribas, Research Division
S. Kirk Materne - Evercore ISI Institutional Equities, Research Division
Michael Briest - UBS Investment Bank, Research Division
Charles Brennan - Jefferies LLC, Research Division
Frederic Boulan - BofA Securities, Research Division
Toby Ogg - JPMorgan Chase & Co, Research Division
Michael Turrin - Wells Fargo Securities, LLC, Research Division
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the SAP Q2 and Half Year 2026 Financial Results Conference Call. [Operator Instructions]
I would now like to turn the conference over to Alexandra Steiger, Global Head of Investor Relations. Please go ahead.
Alexandra Kasper Steiger
Global Head of Investor Relations
Good evening, everyone, and welcome. Thank you for joining us. With me today are CEO, Christian Klein; and CFO, Dominik Asam. On this call, we will discuss SAP's second quarter 2026 results. You can find the deck supplementing this call as well as our quarterly statement on our Investor Relations website.
During this call, we will make forward-looking statements, which are predictions, projections or other statements about future events. These statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to differ materially. Additional information regarding these risks and uncertainties may be found in our filings with the SEC, including, but not limited to, the Risk Factors section of our annual report on Form 20-F for 2025. Unless otherwise stated, all numbers on this call are non-IFRS and growth rates and
Gold.com (GOLD - Free Report) ended the recent trading session at $39.53, demonstrating a -1.69% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.21%. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 2.15%.
Coming into today, shares of the precious metals trading company had lost 2.69% in the past month. In that same time, the Finance sector gained 2.12%, while the S&P 500 gained 0.42%.
The upcoming earnings release of Gold.com will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.96, reflecting a 26.32% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $7.76 billion, up 209.04% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $5.31 per share and a revenue of $28.27 billion, demonstrating changes of +144.7% and +157.52%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Goldcom. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Gold.com boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Gold.com is at present trading with a Forward P/E ratio of 11.08. This signifies a premium in comparison to the average Forward P/E of 10.75 for its industry.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 186, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Agnico Eagle Mines (AEM - Free Report) ended the recent trading session at $144.51, demonstrating a -1.73% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.21% for the day. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
Shares of the gold mining company witnessed a loss of 4.18% over the previous month, trailing the performance of the Basic Materials sector with its loss of 3.33%, and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of Agnico Eagle Mines in its upcoming release. The company plans to announce its earnings on July 29, 2026. The company is expected to report EPS of $2.92, up 50.52% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.94 billion, up 39.96% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.09 per share and revenue of $16.2 billion, which would represent changes of +46.01% and +36.02%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Agnico Eagle Mines. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 8.42% lower. Agnico Eagle Mines is currently a Zacks Rank #5 (Strong Sell).
Investors should also note Agnico Eagle Mines's current valuation metrics, including its Forward P/E ratio of 12.16. This valuation marks a premium compared to its industry average Forward P/E of 10.12.
We can also see that AEM currently has a PEG ratio of 2.2. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Mining - Gold industry currently had an average PEG ratio of 0.67 as of yesterday's close.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 232, this industry ranks in the bottom 6% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Oracle Corp (NYSE:ORCL) shares are rising in extended trading Thursday after the company was awarded a 10-year defense contract.
Oracle stock is gaining positive traction. What’s pushing ORCL stock higher? Oracle Gets $7 Billion Software ContractThe U.S. Defense Department has awarded Oracle a 10-year, $7 billion enterprise software agreement. The deal, negotiated by the Department of the Navy, is the first direct award contract with Oracle covering the department’s on-premises Oracle usage.
The deal consolidates licensing and gives the department better visibility into enterprise usage and spending, which it said will help optimize technology budgets.
“By fundamentally improving how we procure on-premises Oracle capabilities, we are driving at least $441 million in taxpayer savings while rapidly and effectively serving our warfighters,” said Kirsten Davies, chief information officer for the Defense Department.
“This nearly $7 billion agreement with Oracle strengthens our digital ecosystem, supporting our warfighters with secure, scalable technology to dominate current and future missions.”
The agreement is structured as a five-year base period with a five-year option period.
ORCL Shares Rise After HoursORCL Price Action: Oracle shares were up 2.27% in after-hours Thursday, trading at $122.74 at the time of publication, according to Benzinga Pro.
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In the latest close session, Oracle (ORCL - Free Report) was down 4.61% at $120.04. This change lagged the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The software maker's stock has dropped by 20.12% in the past month, falling short of the Computer and Technology sector's loss of 4.58% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Oracle in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.72, indicating a 17.01% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $19.13 billion, indicating a 28.14% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.03 per share and revenue of $89.72 billion, which would represent changes of +5.24% and +33.2%, respectively, from the prior year.
Any recent changes to analyst estimates for Oracle should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% increase. Oracle is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Oracle is at present trading with a Forward P/E ratio of 15.66. This represents no noticeable deviation compared to its industry average Forward P/E of 15.66.
Investors should also note that ORCL has a PEG ratio of 0.64 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Software industry currently had an average PEG ratio of 1.23 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 95, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Digital Realty Trust (DLR - Free Report) came out with quarterly funds from operations (FFO) of $2.13 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to FFO of $1.87 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of +7.58%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.94 per share when it actually produced FFO of $2.04, delivering a surprise of +5.15%.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
Digital Realty Trust, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $1.92 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 15.59%. This compares to year-ago revenues of $1.49 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Digital Realty Trust shares have added about 15.3% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Digital Realty Trust?While Digital Realty Trust has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Digital Realty Trust was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $2.00 on $1.69 billion in revenues for the coming quarter and $8.04 on $6.72 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Cousins Properties (CUZ - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.
This real estate company is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of +5.7%. The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level.
Cousins Properties' revenues are expected to be $256.53 million, up 7.9% from the year-ago quarter.
Digital Realty Trust (DLR - Free Report) reported $1.92 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 28.9%. EPS of $2.13 for the same period compares to $2.94 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.66 billion, representing a surprise of +15.59%. The company delivered an EPS surprise of +7.58%, with the consensus EPS estimate being $1.98.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Digital Realty Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Earnings per Share (Diluted): $1.21 versus the five-analyst average estimate of $0.46.Revenues- Rental revenues: $1.15 billion versus the five-analyst average estimate of $1.12 billion. The reported number represents a year-over-year change of +14.2%.Revenues- Interconnection and other: $130.41 million versus $126.76 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.Revenues- Fee Income: $248.93 million versus the five-analyst average estimate of $33.79 million. The reported number represents a year-over-year change of +623.1%.Revenues- Tenant reimbursements (Utilities + Other): $398.29 million compared to the $373.69 million average estimate based on five analysts. The reported number represents a change of +20% year over year.Revenues- Other: $0.48 million versus the four-analyst average estimate of $0.47 million. The reported number represents a year-over-year change of -64.8%.Revenues- Tenant reimbursements- Other: $45.39 million compared to the $39.54 million average estimate based on four analysts. The reported number represents a change of +21.5% year over year.Revenues- Tenant reimbursements- Utilities: $352.9 million versus the four-analyst average estimate of $333.75 million. The reported number represents a year-over-year change of +19.8%.View all Key Company Metrics for Digital Realty Trust here>>>
Shares of Digital Realty Trust have returned -7.6% over the past month versus the Zacks S&P 500 composite's +0.4% 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.
3 Ways to Play the Data Center Land GrabDigital Realty Trust NYSE: DLR raised its 2026 earnings outlook after reporting a second quarter marked by record leasing in smaller deployments and interconnection, unusually strong renewal pricing and a sharply larger backlog.
On the company’s second-quarter 2026 earnings call, Jordan Sadler, senior vice president of public and private investor relations, said results exceeded internal expectations across revenue, adjusted EBITDA and core funds from operations. Core FFO excluding net promote income reached $2.13 per share, up 14% from a year earlier, while reported core FFO was $2.65 per share, including $0.52 per share from net promote income.
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3 REITs to Watch as AI Data Center Spending Surpasses Office ConstructionChief Financial Officer Matt Mercier said Digital Realty is increasing its 2026 core FFO per share guidance, excluding net promote income, to a range of $8.15 to $8.20. The midpoint implies double-digit growth over 2025 and would represent a second consecutive year of double-digit core FFO per share growth, he said.
Bookings and renewals hit records President and Chief Executive Officer Andy Power said the company’s “business is firing on all cylinders,” pointing to momentum across colocation and connectivity, hyperscale deployments and strategic private capital.
The Top 3 Investment Themes That Will Dominate 2026Digital Realty reported $108 million of bookings in its zero-to-one-megawatt plus interconnection category during the quarter, a third consecutive quarterly record and roughly double the level the company said it was averaging about two years ago. Mercier said the result was 11% above the prior record set in the first quarter, with EMEA reaching a new quarterly high and activity strongest in the sub-300 kilowatt band.
Interconnection bookings also reached a record $20.5 million, up 18% from the prior year. Power said customers deploying AI-enabled applications increasingly need environments that combine power, proximity and connectivity, a trend he said supports the company’s PlatformDIGITAL strategy.
Renewal activity was another highlight. Mercier said Digital Realty signed more than $261 million of renewals with cash re-leasing spreads above 25%. Renewals in the zero-to-one-megawatt category accounted for 55% of the total and produced a 5.2% cash mark-to-market, while greater-than-one-megawatt renewals accounted for 44% of the total and delivered a 66.7% mark-to-market. He said renewal strength was most pronounced in APAC, with outsized spreads in Singapore.
Backlog rises to new high The company’s total backlog reached $1.9 billion at 100% share at the end of the second quarter, or $1.4 billion at Digital Realty’s share. Mercier said the company’s share of backlog has risen 75% since the beginning of the year and now represents about 30% of in-place data center rent.
Digital Realty commenced $208 million of annualized rent during the quarter, its third-strongest commencement quarter on record. Mercier said $635 million of annualized rent is scheduled to commence in the second half of 2026, followed by $480 million in 2027 and $312 million already scheduled for 2028 and beyond.
After quarter-end, the company signed two additional U.S. hyperscale leases representing about $410 million of annualized rent at 100% share, or $205 million at Digital Realty’s share. Those leases were not included in the second-quarter backlog figure.
Development pipeline expands as hyperscale demand continues Digital Realty invested $1.1 billion in development capital expenditures during the quarter, net of partner contributions, bringing year-to-date spending to $2 billion. The company delivered 76 megawatts of new IT capacity, about 60% of which was pre-leased, and began development of 312 megawatts of additional capacity.
Mercier said the development pipeline expanded to 1.4 gigawatts under construction at a total cost of $20 billion, doubling during the first half of 2026. Pro forma for hyperscale leases signed in July, the pipeline is 63% pre-leased at an average expected stabilized yield of 11.5%. More than 80% of active development is in the Americas, with Northern Virginia the largest development market and significant activity also underway in Charlotte, Atlanta and São Paulo.
The company also announced an expansion into the Kansas City metro, where it secured 600 megawatts of utility power beginning to ramp in early 2028, with a long-term runway of up to two gigawatts. In response to an analyst question, Chief Investment Officer Greg Wright said Digital Realty views Kansas City as a potential major U.S. data center market, citing its central location, fiber availability and low-latency connectivity.
Strategic transactions broaden platform Digital Realty closed a transaction to acquire Blackstone’s ownership interest in three fully leased hyperscale data centers in Northern Virginia totaling 288 megawatts of IT capacity. Mercier said the company paid $1.2 billion in cash, issued 12.3 million shares valued at about $2.3 billion, assumed Blackstone’s share of a $725 million loan and took on remaining capital expenditures needed to finish construction and fit-out.
The company also announced plans to acquire a 16% interest in Teraco for about $650 million of Digital Realty common stock and Columbia Capital for approximately $485 million, with both transactions expected to close in the second half of the year. Power said the Columbia Capital deal would add more than $9 billion of fund commitments and expand Digital Realty’s private capital platform into adjacent digital infrastructure sectors, including fiber, mobility and enterprise technology.
Mercier said the Blackstone transaction generated roughly $200 million of promote income during the quarter, reflecting value created through development and lease-up of the joint venture assets. Net promote income contributed $0.52 per share to reported core FFO, though the company presented results excluding that benefit because it was not included in prior 2026 guidance.
Balance sheet and outlook Digital Realty ended the quarter with debt to adjusted EBITDA of 4.7 times, which Mercier said remains below the company’s long-term threshold. He said the company has about $6 billion of liquidity and estimates more than $12 billion of remaining capacity to support hyperscale data center development when including private capital capacity.
The company also raised its 2026 outlook for cash renewal spreads to 9% to 11% and increased its constant-currency same-capital cash NOI growth forecast to 4.25% to 5.25%. Expected capital expenditures net of partner contributions rose to $4.25 billion to $4.75 billion, reflecting recent leasing success and customer demand.
Power said Digital Realty is also focused on operating responsibly as data centers receive more public attention. He cited the company’s 2025 impact report, including 93% renewable energy coverage globally, 205 sites matched with 100% renewable and emissions-free energy and a contracted renewable energy portfolio of about 1.7 gigawatts.
In closing remarks, Power said record bookings, a record backlog and strategic investments give the company confidence in its ability to deliver double-digit earnings growth into 2027 and beyond.
About Digital Realty Trust (NYSE:DLR)Digital Realty Trust, Inc NYSE: DLR is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty's offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.
Digital Realty's product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.
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].
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First Solar (FSLR - Free Report) closed at $205.92 in the latest trading session, marking a -1.41% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.21%. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
Shares of the largest U.S. solar company witnessed a loss of 15.9% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 5.23%, and the S&P 500's gain of 0.42%.
The investment community will be closely monitoring the performance of First Solar in its forthcoming earnings report. The company is scheduled to release its earnings on July 30, 2026. It is anticipated that the company will report an EPS of $2.74, marking a 13.84% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.06 billion, showing a 3.31% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.54 per share and a revenue of $5.1 billion, indicating changes of +23.43% and -2.21%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for First Solar. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.39% lower. First Solar currently has a Zacks Rank of #3 (Hold).
Investors should also note First Solar's current valuation metrics, including its Forward P/E ratio of 11.91. Its industry sports an average Forward P/E of 18.87, so one might conclude that First Solar is trading at a discount comparatively.
Investors should also note that FSLR has a PEG ratio of 0.46 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Solar industry had an average PEG ratio of 0.89.
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 52, this industry ranks in the top 22% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
With reliable cash flows and long-term deals locked in, energy companies can offer shareholders a steady stream of passive income through dividend payouts. Two examples of that are Enbridge (ENB +0.27%) and Energy Transfer (ET +0.17%).
Each company offers a dividend that yields 5% or higher, but between the two, one stands out as the better option for passive income.
Image source: Getty Images.
Consistent dividend payouts Enbridge uses an all-of-the-above energy strategy through four core businesses:
Liquids pipelines Natural gas pipelines Gas utilities and storage Renewable energy Its gas and oil operations are massive, as Enbridge transports roughly 20% of the natural gas consumed in the U.S.and around 30% of the crude oil produced in North America.
With its assets, Enbridge is eyeing over 50 potential data center opportunities that would require natural gas and is expected to give the go-ahead on some projects in 2026 and 2027.
For renewable energy, Meta Platforms is one of the company's big-name customers. In 2025, Meta signed a contract to use all the solar energy produced at a facility under construction in Texas. Then, in May, Enbridge announced it was developing a battery energy storage and solar project to support Meta's data center operations in Wyoming.
In terms of passive income, Enbridge is a reliable dividend payer, with more than 70 years of payouts. It hasn't qualified as a Dividend King by increasing its dividend payout for 50 consecutive years, but it is on its way to becoming one, with 31 consecutive years of dividend increases. As of this writing, the dividend payout yields 5%.
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A shorter track record but a bigger yield Natural gas is the third-largest source of electricity for data centers worldwide, according to the International Energy Agency. With over 140,000 miles of pipeline and related infrastructure in 44 states, Energy Transfer is in the driver's seat for capitalizing on that demand.
It's already doing so, with an agreement to supply natural gas to three of Oracle's data centers. Both companies, however, are facing a recent setback: New Mexico regulators have rejected Energy Transfer's proposed pipeline across the state, which could delay Oracle's Project Jupiter data center from launching. According to a Bloomberg report, Oracle said the project remains on schedule.
It also has an indirect relationship with Meta, as it will supply gas to Entergy Louisiana, a subsidiary of Entergy, which will supply power for a data center project Meta has in the area. In addition, Enbridge announced in its 2026 first-quarter earnings report that it will provide natural gas transportation services to Nexus Data Centers for its artificial intelligence hyperscale campus.
For passive income, Energy Transfer doesn't have the same history as Enbridge, with decades of dividend payouts or consecutive dividend increases. But its dividend payout currently yields a hefty 6.6%, well above Enbridge's 5%.
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Picking the dividend stock winner Both companies could be portfolio considerations, but for passive income, I would pick Enbridge over Energy Transfer. While Energy Transfer's dividend payout offers a higher yield, Enbridge has history on its side as not only a reliable dividend payer for more than 70 years but also a reliable dividend increaser. That's exactly what you want with a passive income investment.
Airbnb, Inc. (ABNB - Free Report) closed the most recent trading day at $137.57, moving -1.77% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.21%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
The stock of company has fallen by 3.01% in the past month, lagging the Consumer Discretionary sector's loss of 0.92% and the S&P 500's gain of 0.42%.
The investment community will be closely monitoring the performance of Airbnb, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2026. The company is forecasted to report an EPS of $1.2, showcasing a 16.5% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $3.58 billion, showing a 15.6% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.92 per share and a revenue of $13.97 billion, indicating changes of +22.08% and +14.14%, respectively, from the former year.
Any recent changes to analyst estimates for Airbnb, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.08% increase. Airbnb, Inc. currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Airbnb, Inc. has a Forward P/E ratio of 28.48 right now. This represents a premium compared to its industry average Forward P/E of 16.53.
It is also worth noting that ABNB currently has a PEG ratio of 1.5. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Leisure and Recreation Services industry stood at 1.4 at the close of the market yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 83, placing it within the top 34% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABNB in the coming trading sessions, be sure to utilize Zacks.com.
Kraft Heinz (KHC - Free Report) closed at $25.36 in the latest trading session, marking a -2.31% move from the prior day. This move lagged the S&P 500's daily loss of 1.21%. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 2.15%.
The stock of processed food company with dual headquarters in Pittsburgh and Chicago has risen by 13.16% in the past month, leading the Consumer Staples sector's gain of 3.66% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Kraft Heinz in its upcoming earnings disclosure. The company's earnings report is set to go public on August 5, 2026. In that report, analysts expect Kraft Heinz to post earnings of $0.53 per share. This would mark a year-over-year decline of 23.19%. Simultaneously, our latest consensus estimate expects the revenue to be $6.15 billion, showing a 3.13% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.07 per share and revenue of $24.44 billion, which would represent changes of -20.38% and -2.01%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Kraft Heinz. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.3% higher. Kraft Heinz is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Kraft Heinz is holding a Forward P/E ratio of 12.53. For comparison, its industry has an average Forward P/E of 12.97, which means Kraft Heinz is trading at a discount to the group.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 205, this industry ranks in the bottom 17% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
RESTON, Va.--(BUSINESS WIRE)--VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today announced that, according to the latest Domain Name Industry Brief Quarterly Report from DNIB.com, the second quarter of 2026 closed with 401.6 million domain name registrations across all top-level domains (TLDs), an increase of 9.1 million domain name registrations, or 2.3% compared to the first quarter of 2026. Domain name registrations al.
Buffett Trims Apple, Bets Big on Alphabet Ahead of RetirementVeriSign NASDAQ: VRSN reported stronger second-quarter 2026 results, citing record domain name registrations, continued solid renewal rates and a rising contribution from artificial intelligence-related tools that management said are making it easier for users to get online.
Executive Chairman, President and CEO Jim Bidzos said the company’s combined .com and .net domain name base reached 179.1 million names at the end of the quarter, up 3.05 million from the prior quarter. New registrations totaled a record 12.7 million, compared with 11.5 million in the prior quarter and 10.4 million in the second quarter of 2025.
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Why These 3 Market-Beaters Are Backing Up Their Buyback Trucks“VeriSign delivered strong results in the second quarter of 2026, both operationally and financially,” Bidzos said. He also noted that the company marked 29 years of 100% availability for the .com and .net domain name resolution system.
Revenue and earnings rise Chief Financial Officer John Calys said VeriSign generated second-quarter revenue of $435 million, up 6% from the same period a year earlier. Operating income was $296 million, an increase of $16 million, or 5.6%, from the prior-year quarter.
3 American Outperformers Are Lifting and Initiating DividendsNet income totaled $217 million, compared with $207 million a year earlier. Diluted earnings per share were $2.38, up from $2.21 in the second quarter of 2025 and $2.34 in the prior quarter.
Operating cash flow was $232 million, while free cash flow was $213 million. That compared with operating cash flow of $202 million and free cash flow of $109 million in the year-ago period.
Calys said VeriSign ended the quarter with $1.034 billion in cash, cash equivalents and marketable securities. That total included $546 million of net proceeds from the issuance of 5.1% senior notes due in 2031. The company redeemed $550 million of outstanding 4.75% senior notes due in 2027 on July 20, reducing liquidity from the quarter-end level.
Domain growth guidance raised Management raised and narrowed its 2026 guidance for domain name base growth to a range of 5.2% to 6%, citing trends observed in the first half of the year and expectations for the second half.
Bidzos said the expected renewal rate for the second quarter was 75.2%, compared with 75.5% a year earlier. He added that the first-quarter renewal rate was the highest VeriSign had seen in 20 years, and that first-time renewal rates have remained in a tight range in the mid-40% area for several quarters.
According to Bidzos, the strongest regional growth in the second quarter came from the U.S. and EMEA. He said registrar engagement with VeriSign’s marketing programs and customer acquisition efforts supported demand, while AI tools are making domain discovery, content creation and website creation faster and easier.
“The strength in new registrations attests to the vital role of domain names in being discovered and establishing digital credibility,” Bidzos said.
In response to an analyst question, Bidzos said several factors were working together, including the company’s infrastructure, registrar execution and AI-related tailwinds. He said it was difficult to precisely separate the impact of each factor. He also addressed whether the upcoming November .com wholesale price increase could be pulling forward demand, saying VeriSign did not view that as “anything coming close to a material factor” in current registration strength.
Full-year financial outlook updated VeriSign updated its full-year financial guidance. The company now expects:
Revenue of $1.745 billion to $1.755 billion. Operating income of $1.185 billion to $1.195 billion. Interest expense and non-operating net expense of $59 million to $65 million. Capital expenditures of $55 million to $65 million. A GAAP effective tax rate of 22% to 25%. Calys said the capital expenditure outlook accounts for price increases in server memory chip markets, which he said have had a meaningful impact. He added that VeriSign has pulled forward some spending that otherwise would have been expected next year to avoid known upcoming price increases.
Bidzos said VeriSign would continue to make the necessary investments in equipment for its operations “without hesitation.”
.web delegated into DNS root zone Bidzos also highlighted VeriSign’s announcement that .web has been delegated into the global Domain Name System root zone, with VeriSign as the registry operator. He said the delegation followed the resolution of previous disputes related to the generic top-level domain.
VeriSign plans to begin offering .web domains through channel partners later this year and said it does not currently expect meaningful revenue or expenses from .web in 2026.
Bidzos said .web differs from .com because it is governed by a standard registry agreement with ICANN and is not subject to the same cooperative agreement structure that applies to .com. He said VeriSign will have “complete wholesale pricing flexibility” for .web, subject to a six-month notice requirement to registrars, and will be able to sell premium names, which it cannot do for .com or .net.
Management outlined the expected launch sequence for .web, including a required 90-day security testing period and a minimum 30-day period for trademark holders. Bidzos said VeriSign also intends to run a limited registration period that would allow .com holders the opportunity to register the corresponding .web name before general availability.
General availability is expected either late this year or very early next year, Bidzos said.
Capital returns and new products VeriSign’s board increased the company’s share repurchase authorization by $884 million, bringing total availability under the current program to $1.5 billion. The program has no expiration date.
The board also approved a quarterly cash dividend of $0.81 per share, payable Aug. 27, 2026, to shareholders of record as of Aug. 19, 2026. Bidzos said VeriSign returned more than 100% of free cash flow to shareholders over the last 12 months through $1.17 billion in repurchases and dividends.
Bidzos said VeriSign has not paused its new product efforts, although it delayed related blog rollouts while focusing on .web delegation. He said the products are security-focused and rely on the company’s infrastructure, public key infrastructure history and DNS security experience.
Management said the products are designed for performance, reliability and global scale, with Bidzos pointing to increasing reliance on online services, especially AI-related services, and the need for deeper deployment of security technologies.
About VeriSign (NASDAQ:VRSN)VeriSign, Inc NASDAQ: VRSN is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign's registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.
In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.
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].
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VeriSign (VRSN - Free Report) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $2.21 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +0.85%. A quarter ago, it was expected that this internet infrastructure services provider would post earnings of $2.2 per share when it actually produced earnings of $2.34, delivering a surprise of +6.36%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
VeriSign, which belongs to the Zacks Internet - Software and Services industry, posted revenues of $434.6 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.05%. This compares to year-ago revenues of $409.9 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
VeriSign shares have added about 8.1% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for VeriSign?While VeriSign has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for VeriSign was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.39 on $440.52 million in revenues for the coming quarter and $9.45 on $1.75 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software and Services is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Tyler Technologies (TYL - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.
This information management software provider is expected to post quarterly earnings of $3.09 per share in its upcoming report, which represents a year-over-year change of +6.2%. The consensus EPS estimate for the quarter has been revised 1.5% higher over the last 30 days to the current level.
Tyler Technologies' revenues are expected to be $646.95 million, up 8.5% from the year-ago quarter.
In the latest trading session, Lyft (LYFT - Free Report) closed at $14.02, marking a -4.37% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The stock of ride-hailing company has risen by 1.81% in the past month, leading the Computer and Technology sector's loss of 4.58% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Lyft in its upcoming earnings disclosure. The company's earnings report is set to go public on August 6, 2026. The company's upcoming EPS is projected at $0.39, signifying a 56.00% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.81 billion, reflecting a 13.68% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.57 per share and revenue of $7.3 billion, which would represent changes of +227.08% and +15.51%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Lyft. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Lyft is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note Lyft's current valuation metrics, including its Forward P/E ratio of 9.34. This indicates a discount in contrast to its industry's Forward P/E of 16.56.
Investors should also note that LYFT has a PEG ratio of 0.38 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Services industry currently had an average PEG ratio of 1.83 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 95, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
In the latest trading session, Bristol Myers Squibb (BMY - Free Report) closed at $61.40, marking a +1.05% move from the previous day. The stock outpaced the S&P 500's daily loss of 1.21%. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
The biopharmaceutical company's shares have seen an increase of 10.47% over the last month, surpassing the Medical sector's gain of 3.97% and the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of Bristol Myers Squibb in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 30, 2026. In that report, analysts expect Bristol Myers Squibb to post earnings of $1.59 per share. This would mark year-over-year growth of 8.9%. In the meantime, our current consensus estimate forecasts the revenue to be $11.67 billion, indicating a 4.87% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.34 per share and a revenue of $47.48 billion, indicating changes of +3.09% and -1.48%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Bristol Myers Squibb. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.35% increase. Bristol Myers Squibb is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Bristol Myers Squibb is at present trading with a Forward P/E ratio of 9.58. For comparison, its industry has an average Forward P/E of 18.84, which means Bristol Myers Squibb is trading at a discount to the group.
One should further note that BMY currently holds a PEG ratio of 0.17. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Medical - Biomedical and Genetics was holding an average PEG ratio of 1.54 at yesterday's closing price.
The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
In the latest trading session, Fiverr International (FVRR - Free Report) closed at $10.29, marking a -2% move from the previous day. This change lagged the S&P 500's 1.21% loss on the day. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
Shares of the online marketplace for freelance services witnessed a loss of 0.76% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 2.27%, and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Fiverr International in its upcoming earnings disclosure. The company's earnings report is set to go public on July 29, 2026. The company's upcoming EPS is projected at $0.52, signifying a 24.64% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $100.38 million, down 7.61% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.19 per share and revenue of $403.86 million, indicating changes of -25.76% and -6.28%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Fiverr International. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Fiverr International is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Fiverr International is currently trading at a Forward P/E ratio of 4.79. This indicates a discount in contrast to its industry's Forward P/E of 16.93.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 158, positioning it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
In the latest trading session, Amgen (AMGN - Free Report) closed at $371.47, marking a +1.48% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.21%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Prior to today's trading, shares of the world's largest biotech drugmaker had gained 4.16% outpaced the Medical sector's gain of 3.97% and the S&P 500's gain of 0.42%.
The upcoming earnings release of Amgen will be of great interest to investors. The company's earnings report is expected on August 4, 2026. It is anticipated that the company will report an EPS of $5.6, marking a 6.98% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $9.45 billion, up 2.94% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $22.31 per share and a revenue of $37.73 billion, representing changes of +2.15% and +2.67%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Amgen. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.34% downward. Amgen is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Amgen's current valuation metrics, including its Forward P/E ratio of 16.41. Its industry sports an average Forward P/E of 18.84, so one might conclude that Amgen is trading at a discount comparatively.
Also, we should mention that AMGN has a PEG ratio of 3.7. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Medical - Biomedical and Genetics was holding an average PEG ratio of 1.54 at yesterday's closing price.
The Medical - Biomedical and Genetics industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Sea Limited Sponsored ADR (SE - Free Report) closed the most recent trading day at $99.50, moving -5.13% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 1.21%. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
Shares of the company have appreciated by 13.08% over the course of the past month, outperforming the Computer and Technology sector's loss of 4.58%, and the S&P 500's gain of 0.42%.
The upcoming earnings release of Sea Limited Sponsored ADR will be of great interest to investors. On that day, Sea Limited Sponsored ADR is projected to report earnings of $1 per share, which would represent year-over-year growth of 17.65%. Simultaneously, our latest consensus estimate expects the revenue to be $7.34 billion, showing a 36.82% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.15 per share and revenue of $30.72 billion. These totals would mark changes of +26.14% and +30.84%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Sea Limited Sponsored ADR. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.86% decrease. Sea Limited Sponsored ADR is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Sea Limited Sponsored ADR's current valuation metrics, including its Forward P/E ratio of 25.3. This denotes a premium relative to the industry average Forward P/E of 18.63.
It's also important to note that SE currently trades at a PEG ratio of 0.79. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.01.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 152, finds itself in the bottom 39% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Shares in Honeywell Technologies (HON +5.70%) rose by as much as 7.4% in early trading today on the back of an excellent set of results that completely surprised investors and further supported the idea that the industrial sector is firmly in recovery mode in 2026.
Honeywell surprises the market In a nutshell, Honeywell Technologies beat revenue and earnings expectations across all three of its segments; namely, building automation, process automation and technology, and industrial automation in its second quarter. In addition, management raised its full-year 2026 guidance for organic sales, profit margin, and earnings per share.
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Moreover, readers should note that the previous guidance was issued in early June, ahead of the Honeywell Aerospace spinoff. This indicates a recent strengthening of its business, which is giving management cause for confidence.
Key highlights from the full-year 2026 guidance update on the earnings report:
Organic sales growth expected to be 3%-4% compared to prior guidance for 2%-3% Segment margin expected to be 20.1%-20.5% compared to prior guidance for 19.8%-20.3% Adjusted EPS expected to be $8.05-$8.35 compared to prior guidance for $7.90-$8.30 Why Honeywell raised guidance Discussing the reasons why Honeywell raised guidance so soon after the June update, CEO Vimal Kapur noted that " Orders grew 16% organically with broad-based demand across all segments, resulting in a 9% increase in ending backlog. Notably, short-cycle orders grew double-digit across all segments."
Image source: Getty Images.
The pickup in short-cycle orders is particularly interesting, as it implies continued momentum in the industrial sector through 2026, with the Institute for Supply Management Purchasing Managers' Index having indicated growth in every month in 2026. It also suggests the negative impact of the conflict in Iran hasn't derailed the manufacturing recovery this year as yet.
Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Honeywell Technologies. The Motley Fool has a disclosure policy.
RTX Corp. delivered robust Q2 results with 14% sales growth, 21% higher EPS, and a record $289 billion backlog. Management raised 2026 sales guidance to $95–$96 billion and EPS to $7.10–$7.25, driven by Raytheon's defense momentum and improving Pratt & Whitney operations. Raytheon's 2.42 book-to-bill ratio and surging international orders underscore multiyear rearmament tailwinds, while Pratt's GTF issues are receding with operational improvements.
SummaryServiceNow is transitioning from a SaaS to an AI-driven PaaS, positioning itself as an orchestration layer for enterprise AI workflows.NOW’s new consumption-based pricing model, centered on AI 'Assists' rather than seat count, unlocks exponential revenue potential and aligns with enterprise automation trends.I estimate fair value at $150 per share, implying 46% upside, driven by AI integration, pricing power, and contract upsells for generative AI features.Key risks include the execution of the new pricing model, the integration of acquisitions, overreliance on AI upsell, and intensified competition from hyperscalers. JHVEPhoto/iStock Editorial via Getty Images
Introduction ServiceNow (NOW) is often viewed with a puzzling look on the faces of most investors because the company doesn't sell a tangible, consumer-facing product. Instead, it sells digital workflow automation to large companies. In this article, I'll
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of NOW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
This article is for informational purposes only and is not intended as a recommendation. The information presented here is based on publicly available data, and I have no knowledge of your individual financial circumstances. It should not be construed as a recommendation or a solicitation to become a client of DocShah Financial, nor does it establish any advisory relationship between you, the reader, and DocShah Financial. It's important to note that conflicts of interest may exist, and I or my clients may have holdings in the stocks discussed and are subject to change at any time without prior notice. Any decision to invest should be based on your own research and consultation with a qualified financial advisor. Investing involves risks, and past performance is not indicative of future results. DocShah Financial or I may stand to gain from stock purchases, and readers should carefully consider their own risk tolerance and financial situation before making any investment decisions. You are fully responsible for any investment outcome.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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.
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Defense Earnings Show Readiness Now and Modernization AheadLockheed Martin NYSE: LMT reported what executives described as a strong second quarter of 2026, citing a record backlog, higher sales, improved earnings and a significant rebound in free cash flow. The defense contractor also raised its full-year outlook across key financial metrics, pointing to accelerating demand for munitions, F-35 aircraft, radar systems and space and missile defense programs.
Chairman, President and Chief Executive Officer Jim Taiclet said the company’s backlog reached an all-time high of $230 billion, while free cash flow totaled nearly $3 billion in the quarter. Chief Financial Officer Evan Scott said sales were $20.1 billion, up $1.9 billion, or 11%, from the prior-year period. Excluding unfavorable adjustments recorded in the second quarter of 2025, sales rose 7% year over year.
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Lockheed Martin Secures the Ultimate Defense MoatScott said segment operating margin was 10.8%, segment operating profit was $2.2 billion and earnings per share rose to $7.94. Free cash flow improved to $2.9 billion from negative $150 million in the same period last year, helped by the timing of customer receipts and lower tax payments.
Backlog climbs on munitions and missile defense awards Scott said Lockheed Martin recorded $65 billion of orders during the quarter and a book-to-bill ratio of 3.2 to 1. The largest award was a seven-year, $35 billion Missile Defense Agency contract to quadruple production of Terminal High Altitude Area Defense, or THAAD, interceptors.
Flying Under the Radar: Lockheed Martin's $2.8B Stealth SetupTaiclet said the quarter also included a $3 billion Army production contract for Guided Multiple Launch Rocket System, or GMLRS, covering the current version and a successor with twice the range from the same launcher. Lockheed Martin also received a HIMARS award valued at up to $1.1 billion for the U.S. Army, Marine Corps and as many as five allied nations.
Taiclet said the awards “strengthen the nation’s production base” by adding manufacturing capacity, additional supply sources and surge capability. He said Lockheed Martin had been increasing munitions capacity ahead of contracted demand and expanding manufacturing footprints in allied countries before co-production requirements became more prominent.
Company raises 2026 guidance Lockheed Martin raised its full-year 2026 sales outlook to a range of $79.75 billion to $81.75 billion, which Scott said represents an 8% year-over-year increase at the midpoint, up from prior guidance of 5% growth. Segment operating profit guidance was increased to $8.5 billion to $8.7 billion.
The company also raised its free cash flow outlook to $7 billion to $7.2 billion and projected earnings per share of $29.95 to $30.65. Scott said the earnings outlook was driven by higher year-to-date profits and a lower effective tax rate. Capital expenditure guidance was updated to a range of $2 billion to $2.4 billion, reflecting efficiencies in the Missiles and Fire Control munitions build-out.
Scott said every business segment is expected to grow faster in the second half of 2026 than in the first half, with Missiles and Fire Control leading the company’s growth.
Segment outlooks improve broadly Mark Kvasnak, vice president of investor relations, said Aeronautics is now expected to generate 2026 sales of $31.7 billion to $32.7 billion, supported by F-35 production and sustainment volumes. Aeronautics profit guidance was raised to $3 billion to $3.08 billion, though margins were projected modestly lower than prior guidance as the company scales new F-35 contracts, expands sustainment work and absorbs earlier F-16 and C-130 challenges.
Missiles and Fire Control sales are now projected at $16.5 billion to $16.9 billion, with profit expected between $2.3 billion and $2.35 billion. Kvasnak said the segment’s second-quarter sales were up 19% and profit rose 24% year over year.
Rotary and Mission Systems’ full-year sales outlook increased to $17.7 billion to $18.1 billion, supported by radar awards and Sikorsky production ramps. Profit guidance rose to $1.86 billion to $1.89 billion. Space sales are expected to range from $13.85 billion to $14.05 billion, supported by wins on the Next Generation Interceptor, Fleet Ballistic Missile and classified national security programs. Space profit guidance was lowered to $1.34 billion to $1.38 billion due to reduced ULA equity earnings tied to an ongoing technical investigation of a Vulcan launch anomaly earlier in the year.
Executives highlight technology investments and capacity expansion Taiclet said Lockheed Martin is investing in advanced manufacturing, automation, robotics and artificial intelligence-enabled production systems. He cited the opening of a missile assembly building in Courtland, Alabama, and the groundbreaking of a munitions production center in Troy, Alabama, as examples of recent capacity expansion.
The company also signed an agreement to acquire Ultra Maritime, which Taiclet said would enhance undersea sensing and autonomous sea drone capabilities. At the NATO summit, Lockheed Martin signed a memorandum of understanding with Rheinmetall toward a European Center of Excellence for ATACMS production. Taiclet also said the company welcomed efforts by the U.S., Germany, the Netherlands, Poland and Sweden to explore a dedicated PAC-3 missile maintenance facility in Europe.
Taiclet discussed several newer defense technology efforts, including the Sanctum Counter-UAS system using the Grizzly containerized launcher. He said the system moved from concept to successful live-fire testing in under 45 days by integrating existing components, including a battle manager, radar, launcher and JAGM missiles. He said the company is increasingly investing ahead of formal requests from customers when it believes it can anticipate mission needs.
Q&A focuses on acquisition models, demand and margin outlook During the analyst question-and-answer session, Taiclet said Lockheed Martin is seeking to become “America’s clear leader in the defense technology segment,” not only the largest defense prime contractor. He said the company is building “mission technology roadmaps” based on customer needs and investing before formal orders in some cases.
Asked about commercial-style acquisition models, Taiclet said multiyear munitions framework agreements are important because they provide industry with more confidence to invest. He said Lockheed Martin does not plan to take risks similar to the historical C-130J example unless it has confidence in long-term contractual arrangements.
On demand, Taiclet cited long-term need for the F-35, calling it the only in-production fifth-generation fighter in the free world. He said the company remains confident that a 156-aircraft annual production rate can be sustained for some time, despite budget-cycle uncertainty.
Scott said margins on the new THAAD contract are expected to be consistent with historical munitions production margins over time, though large ramps can create near-term dilution. He said Missiles and Fire Control margins should generally remain in the high-13% to low-14% range, with a goal of improving over historical levels as long-term agreements incentivize cost and schedule performance.
Taiclet closed the call by thanking Lockheed Martin employees, suppliers and military customers, saying the company is focused on delivering “reliable mission-ready capabilities and equipment” to U.S. and allied forces.
About Lockheed Martin (NYSE:LMT)Lockheed Martin Corporation NYSE: LMT is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.
Lockheed Martin's product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.
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].
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The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Bitcoin (BTC) fell below $65,000 on Thursday as US stocks slid amid another round of escalation in Iran.
Key points:
Several days of US-Iran escalation are beginning to take their toll on crypto and stock market performance.Bitcoin sees three-day lows under $65,000 as traders diverge on the near-term outlook.A 21-day moving average trend line becomes important nearby support.Bitcoin wobbles as Iran destabilizes stocks, oil and US bond yieldsData from TradingView showed BTC/USD hitting three-day lows of $64,799 on Bitstamp.
Risk assets felt the strain on the day as US President Donald Trump warned that he would blame Iran for recent Houthi strikes on Saudi Arabian commercial vessels.
In a post on Truth Social, Trump said that he was “very disappointed” in the Houthis, referencing attacks on US ships from 2025.
Source: Donald Trump on Truthsocial.com
By the close of New York trading, the S&P 500 had fallen 1.2% and the Nasdaq had shed 2.2%, while oil prices rallied to their highest since early June, with Brent crude topping $100 a barrel.
CFDs on Brent crude oil one-day chart. Source: Cointelegraph/TradingView
“Inflation expectations and interest rates are rising sharply again,” trading resource The Kobeissi Letter wrote in a response on X.
Ahead of the Federal Reserve’s next interest-rate decision, data from CME Group’s FedWatch Tool showed an increasing chance of officials hiking by 0.25% — traditionally a headwind for crypto markets. Odds neared 40% on Thursday, while a week prior, they were closer to 12%.
Fed target-rate probability comparison for July FOMC meeting. Source: CME Group
Kobeissi, meanwhile, noted 18-month highs in US 10-year bond yields in a sign of fresh economic strain.
BTC price analysis offers hope of $73,000Bitcoin traders showed an increasing split over what short-term BTC price action would bring.
Commentator Exitpump argued that the Bitcoin relief rally is likely to end by late July, reinforcing an established theory that has already gained traction.
“July rally is coming to end, price is at resistance, close your longs, go short once price breaks below 65K,” they told X followers late on Wednesday.
BTC/USDT perpetual contract four-hour chart. Source: Exitpump on X.com
Others were more hopeful, with trader Jelle arguing that price was “still making progress.”
“Clear this local area and that void towards $70k opens up - could be a quick move to form the new range. Patience remains my game,” he reported.
BTC/USD chart. Source: Jelle on X.com
According to crypto trader and analyst Michaël van de Poppe, the 21-week simple moving average (SMA) at $64,073 was key.
“Theoretically, the target area for Bitcoin is reached. However, as long as this stays above the 21-Day MA, I’m sure there will be a higher valuation for Bitcoin in the near-term,” an X post on the day stated, adding:
“It’s facing the final hurdle for a big breakout, which is the $68,000 resistance zone. It’s been tested once, and this is the second test that we’ll be facing.”BTC/USDT one-day chart. Source: Michaël van de Poppe on X.com
Van de Poppe gave a $73,000 target should bulls successfully break through resistance.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
The Smarter Web Company, a technology firm listed on the London Stock Exchange, has sold part of its Bitcoin holdings totaling $11.7 million in order to settle a convertible debt facility held by the asset management group TOBAM. The move was positioned as a step toward greater balance-sheet flexibility and an alternative to issuing new equity.
Debt repayment through Bitcoin saleThe company sold 177.8909127 BTC at an average price of $65,762, generating proceeds of $11,698,540 to fully repay the convertible debt known as the “Smarter Convert.” This payment was made approximately two weeks before the scheduled maturity date. Following this transaction, Smarter Web maintains a Bitcoin treasury of 2,700 BTC.
Smarter Web stated that the purpose of this sale was to clear the debt obligation and avoid the alternative scenario of issuing 7,718,551 ordinary shares. Conversion of the debt into equity would have diluted the stakes of existing shareholders.
For shareholders, a sale of Bitcoin to repay debt preserves their equity, while a new issue of shares would have led to immediate dilution of per-share value.
By choosing to sell a portion of its BTC, the company reduced its liabilities without altering its equity structure. Smarter Web emphasized that this action represented a financial decision aimed at strengthening its balance sheet, rather than a change in its commitment to Bitcoin.
Context of treasury managementPublicly traded companies with significant Bitcoin reserves usually gain attention for accumulating more digital assets rather than divesting them. Sales of such assets can sometimes spark speculation about a company’s confidence in Bitcoin, especially in volatile markets.
Management clarified that the sale was not driven by a liquidity crisis or a loss of confidence but was a specific response to a maturing financial instrument. The transaction was not prompted by any weakness in Bitcoin itself, but by a desire to prevent shareholder dilution.
Smarter Web’s management ultimately selected the option that would have the least negative effect on its shareholders. The company’s decision demonstrates an approach to treasury management that weighs the effects of asset sales on capital structure.
Despite the reduction, Smarter Web’s remaining BTC holdings confirm it still maintains substantial exposure to Bitcoin as a reserve asset.
Mini dictionary: TOBAM is a global asset management company based in Paris that focuses on diversified investment strategies, including digital assets and alternative investments.
MetricBefore SaleAfter SaleBTC holdings~2,878 BTC2,700 BTCConvertible Debt$11.7 million$0Shares issuedNo dilutionNo dilutionThe company reiterated that its sale was a one-time action tailored to meet a specific obligation, and not an indication of a broader shift away from digital asset exposure.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Matt Hougan, Chief Investment Officer at Bitwise, has shifted focus toward specific investment categories poised to capitalize on the anticipated next wave of cryptocurrency growth. With signs of market stabilization emerging—such as Bitcoin’s recent gains amid broader equity weakness and renewed ETF inflows—Hougan urges investors to look beyond traditional narratives and target areas where blockchain technology is merging with traditional finance.
Hougan outlines two primary pathways for the upcoming cycle. The first, often referred to as the “Hyperliquid approach,” centers on decentralized financial applications that deliver substantial real-world revenues and feature token models tightly aligned with platform performance.
These projects stand out by expanding derivatives trading into traditional asset classes, including commodities, equity indices, and pre-IPO shares, while operating around the clock with near-instant settlement.
Hyperliquid exemplifies this model.
The platform recently crossed $1 billion in cumulative revenue and projects roughly $800 million for the current year.
Notably, nearly all of its fee income—about 99%—funds open-market repurchases of its native token, creating a direct mechanism that rewards holders as activity grows.
This structure contrasts sharply with earlier decentralized apps that prioritized user acquisition over sustainable value accrual.
Hougan anticipates similar mechanics becoming more widespread, positioning such protocols as leaders in the fusion of on-chain efficiency and institutional-grade trading tools like stablecoins, asset tokenization, and DeFi for professional users.
The second pathway, dubbed the “Robinhood model,” highlights established financial firms aggressively integrating blockchain infrastructure into their core operations rather than pursuing limited experiments.
These companies leverage their user bases and regulatory familiarity to scale tokenized assets and decentralized services.
Robinhood’s recent rollout of its dedicated Layer 2 blockchain serves as a prime illustration.
Launched on July 1, the chain quickly amassed over $300 million in deposits and handled millions of daily transactions within its first couple of weeks.
By enabling features such as tokenized stocks and perpetual markets, it demonstrates how traditional brokers can bridge retail investors with blockchain capabilities, fostering 24/7 access and reducing friction in settlement processes.
Hougan notes that entities committing at this scale gain invaluable operational insights as markets evolve, outpacing cautious peers stuck in proof-of-concept phases.
This dual emphasis reflects broader expectations for the crypto sector’s maturation.
As on-chain and legacy finance converge, drivers like continuous trading, tokenized real-world assets, and institutional DeFi could fuel outsized returns.
While market recovery remains tentative, improving sentiment suggests preparation for leadership from these innovative hybrids.
Hougan’s outlook underscores a shift from hype-driven cycles to those grounded in tangible utility and revenue generation. Investors may benefit from monitoring projects and firms embodying these traits, as they could define the contours of the next significant expansion phase in digital assets.
Democratic Senator Elizabeth Warren has blasted the Clarity Act draft bill, claiming it would allow criminals and cartels to move money.
Speaking in a video statement on X Wednesday, Warren hinted that the potential law would allow President Donald Trump to make money from crypto.
Lawmakers are currently mulling over the latest draft of the Clarity Act, which aims to set in stone digital asset regulation. The latest draft bans officials and their families from issuing or promoting crypto.
“This latest draft bill would make it easier for criminals, oh, and cartels and terrorists to move money and finance their operations — and it fails to protect investors and our financial system,” Warren said in the video.
The new draft of the Senate GOP crypto bill does nothing to stop President Trump from making his next $1.4 billion from crypto.
It’ll supercharge Trump’s crypto corruption.
This bill should be dead on arrival. pic.twitter.com/HuNY52n3ex
— Elizabeth Warren (@SenWarren) July 22, 2026 “It’s going to a vote on the floor. There’s a glaring omission: it does not stop Donald Trump from cashing in on his presidency.”
“This isn’t regulation — this is a giveaway. This bill should be dead on arrival,” added Warren.
But X users added clarification to Warren’s video, highlighting that the Senate GOP’s updated draft includes ethics provisions banning federal officials from issuing or sponsoring digital assets.
Trump’s crypto ventures Warren has long been a crypto critic, initially arguing that billions of dollars go missing every year thanks to tax dodging crypto users.
Most recently, Warren has called for a probe into the Trump family’s top crypto ventures.
President Trump campaigned on a ticket to help the crypto space but some Washington lawmakers have criticized the way the Trump family has profited from digital asset ventures, such as the Republican’s meme coin, TRUMP, and World Liberty Financial project.
Trump and the White House have always denied any conflicts of interest.
Latest Clarity Bill Senate Republicans began circulating new text of the bill this week, ahead of a possible floor vote.
US banking representatives, regulators and crypto bigwigs have been meeting at the White House to work on the Clarity Act since last year.
The bill was passed by the House of Representatives but banking chiefs raised concerns over stablecoins and the yield they will potentially pay customers.
Banking representatives have warned they could lose their deposit base and, in turn, their ability to lend to U.S. businesses if companies are allowed to pay rewards on stablecoins.
On Thursday, Goldman Sachs chairman and CEO David Solomon became one of the first big bankers to throw his support behind the bill.
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.
Crypto analyst Ali Martinez said that the sharp decline in Bitcoin’s Sharpe ratio, a risk-return indicator, could signal a favorable period for long-term buying in the spot market.
According to data shared by Martinez, Bitcoin’s Sharpe ratio has fallen to minus 23. The Sharpe ratio, which measures the return an investment provides in relation to the risk or volatility undertaken, indicates strong returns relative to risk when it is positive, while negative values point to periods where investors face significant losses.
The analyst noted that a reading of -23 doesn’t necessarily mean the decline in Bitcoin will continue indefinitely; rather, it suggests that sellers may have largely exhausted their options. According to Martinez, this creates an asymmetrical entry opportunity for long-term Bitcoin investors, where the risk is more limited compared to the potential gain.
Martinez stated that past data also revealed a similar picture, recalling that the Sharpe ratio had fallen to similar levels during the lows of the 2015, 2019, and 2022 bear markets. He noted that these periods coincided with the final capitulation and intense selling phases in the market.
On the other hand, according to on-chain data, Bitcoin has formed a strong support zone between $63,111 and $61,840. URPD data shows that more than 1.3 million BTC changed hands within this price range.
Martinez noted that as long as this support zone is maintained, Bitcoin does not face a significant supply wall up to $84,569. Approximately 582,000 BTC have traded at this level previously. Therefore, the analyst added, maintaining the region between $61,840 and $63,111 is critical for Bitcoin’s medium-term outlook.
*This is not investment advice.
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