Murphy Oil zvýšila střed odhadu kapitálových výdajů na rok 2026 na 1,55 miliardy USD kvůli projektu Bubale v Pobřeží slonoviny a vyšším investicím v Eagle Ford. Ve 2. čtvrtletí produkce dosáhla 169 000 barelů ropného ekvivalentu denně a volný peněžní tok činil 110 milionů USD.
3 Stocks Standing Out and 2 Losing Momentum as the Tech Rally CracksMurphy Oil NYSE: MUR highlighted a new discovery offshore Côte d’Ivoire, revised its 2026 capital program upward and outlined plans to accelerate activity in the Eagle Ford during its second-quarter 2026 earnings call.
President and CEO Eric Hambly said the company’s most significant development during the quarter was the Bubale discovery, where the discovery well encountered oil in both the Turonian and Cenomanian reservoirs. Murphy entered Côte d’Ivoire with a three-well exploration strategy, and the first two wells were non-commercial, Hambly said.
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Savvy Investors' Rate Cut Portfolio: Bonds, Small Caps, Energy“While Bubale has the potential to become a significant growth driver for Murphy, there is still important appraisal work ahead,” Hambly said. The company spudded the Bubale West 1X appraisal well in July, targeting the Turonian reservoir. The well is the first in a potential program of up to five appraisal wells over the next 18 to 24 months.
Bubale Appraisal to Proceed in Stages Hambly said the Bubale West 1X well is designed to test reservoir continuity, thickness and quality down dip from the discovery well, while also seeking to establish a deeper oil level. A successful result would provide Murphy with greater confidence that the discovery supports a commercial development, although the total resource range would remain uncertain.
3 Small-Cap Stocks in the Russell 2000 Set to RallyMurphy estimates the appraisal well will cost about $90 million, up from its prior $65 million dry-hole cost estimate for the discovery well. Hambly said drilling through a shallow Turonian section was slower than expected, and the company incorporated that learning into its estimate for the appraisal well. If hydrocarbons are encountered, formation evaluation, logging, core and fluid-sampling work could raise the final well cost above $90 million.
The company said future appraisal activity will be data-driven. Depending on results from Bubale West 1X, Murphy could pursue a broader appraisal campaign, a limited program or no additional appraisal wells next year. Hambly said Murphy controls the pace of spending because it operates its positions in Côte d’Ivoire and Vietnam.
Vietnam Resource Estimate Reduced, Development Planning Continues Murphy also addressed results from the Hai Su Vang 4X appraisal well in Vietnam, which was a dry hole. The company reduced its resource estimate after the result, with Hambly saying the well found the targeted interval but encountered low reservoir quality and no net pay.
Despite the revision, Murphy continues to view Hai Su Vang as a material opportunity of 200 million to 300 million barrels of oil equivalent, which Hambly described as roughly two to three times the size of the Lac Da Vang project. The company maintained its Vietnam peak-production outlook of 30,000 to 50,000 barrels of oil equivalent per day, though Hambly said current information points toward the lower end of that range unless further tieback opportunities are identified.
Murphy is evaluating development concepts for Hai Su Vang, including a floating production, storage and offloading vessel or a processing platform linked to wellhead platforms and a floating storage and offloading unit, similar to Lac Da Vang. The company is targeting a final investment decision in the fourth quarter of 2027 after completing development planning and obtaining required partner approvals.
Lac Da Vang remains on schedule for first oil in the fourth quarter, according to Hambly, with pipeline, topsides and floating storage milestones completed. Murphy expects net production from the project to reach approximately 5,000 to 9,000 barrels per day by the end of 2027, eventually rising to 10,000 to 15,000 barrels per day as development drilling continues through 2028 and 2029.
In addition, Murphy is drilling the Lac Da Trang North 1X exploration well in Vietnam. Hambly said the prospect has a pre-drill resource range of 40 million to 80 million barrels and could be developed as a tieback if successful. He said the company expects to focus near-term Vietnamese exploration on Block 15-1/05, while activity in Block 15-2/17 may occur in 2028 or 2029 rather than 2027.
Capital Program Raised as Eagle Ford Activity Accelerates Murphy raised the midpoint of its 2026 capital expenditure estimate to $1.55 billion from $1.25 billion. The increase includes roughly $190 million associated with Bubale, consisting of $100 million of incremental spending on the discovery well and $90 million for the first appraisal well.
The company also plans to direct an additional $70 million to the Eagle Ford, an investment expected to add about 5,000 to 6,000 barrels of oil equivalent per day in 2027. Murphy plans to restart Eagle Ford drilling in October rather than January, drilling one pad in Karnes and another in Catarina. The company expects to begin completing the Catarina pad near year-end and bring wells online early in 2027.
Hambly said Eagle Ford investment is intended to generate additional free cash flow to support the company’s offshore growth opportunities, rather than to respond to near-term oil prices. He said Murphy has seen improving well performance and strong free cash flow from the asset over recent years. The company’s Eagle Ford program is primarily focused on lower and upper Eagle Ford locations, with Austin Chalk wells included only selectively in portions of its Karnes acreage.
Murphy did not provide a formal 2027 capital budget. Hambly said spending next year will likely exceed $1.25 billion and could move toward the high end of, or slightly above, the company’s historical $1.2 billion to $1.3 billion capital range before considering potentially additive Bubale appraisal spending.
Production, Cash Flow and Balance Sheet Second-quarter production averaged 169,000 barrels of oil equivalent per day, above the midpoint of Murphy’s guidance. Performance was led by Tupper Montney and continued outperformance in the Eagle Ford, Hambly said.
The company generated $110 million of free cash flow during the quarter, paid $50 million in dividends and ended the period with leverage below 1x and approximately $2.5 billion of liquidity. Murphy expects to generate positive free cash flow for the full year at current commodity prices, even with the revised capital program.
Hambly said the company’s capital-allocation priorities remain unchanged: invest in assets to maintain or grow scale, pay its dividend, protect the balance sheet and repurchase shares when management believes the stock trades materially below intrinsic value. He said Murphy may have periods of modest or negative companywide free cash flow before first oil from Hai Su Vang or potentially Bubale, but added that the company is prepared to use liquidity when necessary while maintaining a strong balance-sheet position.
Looking beyond its current programs, Murphy expects to explore one or two wells in the Gulf of Mexico next year and continue activity in Vietnam. The company said its recently added positions in Morocco, Cameroon and Mauritania are at earlier stages, with near-term work expected to center on studies and seismic reprocessing rather than drilling.
About Murphy Oil (NYSE:MUR)Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company's operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.
Murphy Oil's exploration and production activities are geographically diversified.
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The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
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Shares of Dutch Bros (BROS -0.60%) are taking it on the chin. They tanked 19% on Aug. 6, the day following the company's release of second-quarter financial results (quarter ended June 30).
The market's reaction doesn't seem warranted. The coffee stock posted 32.5% year-over-year revenue growth, with diluted earnings per share (EPS) soaring 40%. And it opened 48 new stores in the quarter.
Is it time to buy Dutch Bros on the dip?
Image source: Getty Images.
I think the stock's latest blip presents investors with a good opportunity to add this business to their portfolios. Dutch Bros has what it takes to be a winning investment in the coming five years.
The company's growth trajectory remains intact. It plans to open 185 net new coffee shops in 2026. And by 2029, the goal is for there to be 2,029 Dutch Bros locations, up from 1,225 today.
It's also worth highlighting how each shop is performing. Even in a highly uncertain macro backdrop, systemwide same-store sales rose 5.8% last quarter, continuing a 19-year streak of positive growth last year.
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The consensus view among sell-side analysts is that Dutch Bros' revenue will surge at a compound annual rate of 27% between 2025 and 2028. Adjusted diluted EPS is projected to rise at a 28% annualized clip during that time.
With the stock trading at a reasonable price-to-sales multiple of 3.8, this forecast could propel the share price.
Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Dutch Bros. The Motley Fool has a disclosure policy.
Právní ředitel SentinelOne Keenan Michael Conder prodal 26 374 akcií za zhruba 530 000 USD v rámci automatického prodeje k úhradě daní po vestingu RSU. Nadále drží 956 358 akcií.
Keenan Michael Conder, the chief legal officer of SentinelOne, Inc. (S +3.08%), sold 26,374 shares on August 6, for a total value of about $530,000, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$530,000Shares sold26,374Post-transaction shares (directly held)956,358Post-transaction value$19.85 millionTransaction value based on SEC Form 4 weighted average sale price ($20.08); post-transaction value based on the August 6 market close ($20.76).
Key questionsWhat was the primary driver of this insider sale?
The transaction was a non-discretionary sell-to-cover event, meaning the shares were sold automatically to fund tax obligations triggered by the vesting of restricted stock units. This pre-arranged mechanism is standard for equity compensation and does not reflect the insider's individual sentiment regarding the company's valuation or future performance.What is the insider's remaining exposure to the company?
Conder continues to hold a significant direct interest of 956,358 shares, representing approximately 0.3% of the company. A portion of these remaining shares remains subject to forfeiture conditions if specific vesting requirements are not met, maintaining the insider's alignment with long-term equity performance.How has the stock performed leading up to this transaction?
As of the August 6 transaction date, the company delivered a one-year total return of 20%. During this period, the firm maintained a market capitalization of $7.2 billion, supported by trailing twelve-month revenue of $1.0 billion, although it recorded a net loss of $318.7 million over the same timeframe.What is the broader business context for this equity activity?
The firm operates as a global cybersecurity company focused on its Singularity XDR Platform, which utilizes artificial intelligence to unify endpoint protection and cloud workload security. The recent vesting and subsequent tax-related sale occurred as the company continues to scale its presence in the infrastructure software industry from its headquarters in Mountain View.Company OverviewMetricValueShare Price (as of market close 2026-08-06)$20.76Market Capitalization$7.2 billionRevenue (TTM)$1.0 billionNet Income (TTM)-$318.7 millionCompany SnapshotSentinelOne provides comprehensive cybersecurity solutions centered on its Singularity XDR Platform, an Extended Detection and Response data stack that integrates endpoint protection, endpoint detection and response, cloud workload protection, and IoT security capabilities powered by artificial intelligence.The company operates a subscription-based software-as-a-service business model, generating recurring revenue from enterprise and mid-market customers who license access to its unified security platform on an annual or multi-year basis.SentinelOne primarily serves large enterprises and mid-market organizations across the United States and internationally that require integrated, AI-driven security solutions to protect their endpoint, cloud, and IoT infrastructure from advanced cyber threats.SentinelOne is a global cybersecurity infrastructure software company with approximately 3,000 employees headquartered in Mountain View, California. The company has achieved $1.0 billion in TTM revenue while building a unified security platform that consolidates multiple protective functions into a single AI-powered system, differentiating itself in the competitive extended detection and response market. With a market capitalization of $7.2 billion and year-over-year share price appreciation of 19.93%, SentinelOne demonstrates investor confidence in its platform consolidation strategy and market expansion potential.
What this transaction means for investorsBuried in this filing is the useful part, that a chunk of Conder's remaining shares can still be clawed back if vesting targets go unmet, which is the opposite of an executive heading for the door. What he actually sold here was never a choice, just stock withheld to cover taxes at a price set below the day's close, and he is not the only SentinelOne executive this week to file this identical kind of sale on the same vesting date. He kept more than 956,000 shares.
The company reports again at the end of this month, and last quarter set the bar high, with revenue up 21% to $277 million and annual recurring revenue up 23% to $1.16 billion, nearly half of it now from products beyond the original endpoint business. CFO Sonalee Parekh cited "the operating leverage inherent within our business model" as the company scales.
That report is where attention belongs, since it will show whether the growth held and whether last quarter's 8% workforce cut is translating into the margin improvement management promised. Routine vesting sales tell you none of that.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Mueller Water Products oznámila rekordní výsledky za 3. čtvrtletí: tržby vzrostly o 4,1 % na 395,9 mil. USD a upravený EPS stoupl o 47,1 % na 0,50 USD. Zároveň zvýšila celoroční odhad upraveného EBITDA na 367 až 372 mil. USD.
Small Caps Are Crushing the S&P 500—3 Stocks Still Worth BuyingMueller Water Products NYSE: MWA reported record third-quarter results for the fiscal quarter ended June 30, 2026, as pricing actions, tariff refunds, cost management and demand in municipal infrastructure and specialty valves supported sales and profitability.
Net sales increased 4.1% year over year to a quarterly record of $395.9 million. Adjusted EBITDA rose 24.3% to a record $107.4 million, while adjusted EBITDA margin expanded 440 basis points to 27.1%. Adjusted diluted earnings per share increased 47.1% from the prior-year quarter to a record $0.50.
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Russell 2000 Stocks: Too Early or Finally Interesting?President and CEO Paul McAndrew said the quarter reflected commercial execution, resilient municipal end-market demand and strong project-related specialty-valve growth. He also said the company generated strong free cash flow while continuing to invest in capacity and efficiency initiatives and returning about $21 million to shareholders through dividends and share repurchases.
Margins Benefit From Pricing, Tariff Refunds and Cost Controls Gross profit rose 6.9% to $155.8 million, and gross margin increased 110 basis points to 39.4%. Chief Financial Officer Melissa Rasmussen said pricing actions and refunds related to International Emergency Economic Powers Act tariffs more than offset inflation, operational-performance effects, volume impacts, portfolio optimization costs and product mix.
Burry Just Sold Amazon, Replaced it With Alibaba, is He Right?The company incurred $3.1 million of portfolio optimization costs in cost of sales associated with its exit from the i2O pressure-monitoring business outside North America. Excluding tariff refunds and those portfolio optimization costs, adjusted gross margin was about 30 basis points above the prior-year gross margin of 38.3%, Rasmussen said.
SG&A expense declined $7 million year over year to $64 million, reflecting reduced foreign-exchange headwinds and lower incentive compensation expense, partially offset by inflation. The company also recorded $11.2 million of strategic reorganization and other charges, mainly tied to the i2O exit, including non-cash asset impairments, transaction expenses and severance, as well as costs related to its leadership transition.
The quarter’s effective tax rate was 15.7%, compared with 27.1% a year earlier. Rasmussen said a one-time tax benefit connected with the i2O exit contributed approximately $0.06 per diluted share.
Segment Results Water Flow Solutions: Net sales declined 0.6% to $215.3 million. Higher pricing and specialty-valve volume growth largely offset lower iron gate-valve and service-brass volumes. Adjusted EBITDA increased 9.5% to a record $73.5 million, and margin rose 310 basis points to 34.1%. Water Management Solutions: Net sales increased 10.3% to $180.6 million, driven by hydrant and natural-gas distribution-product volume growth and higher pricing. Adjusted EBITDA rose 43.6% to a record $50.7 million, while margin expanded 650 basis points to 28.1%. During the question-and-answer session, Rasmussen said third-quarter tariff refunds provided a 150-basis-point benefit to consolidated results, split roughly evenly between the two segments. The benefit was 140 basis points in Water Flow Solutions and 170 basis points in Water Management Solutions, she said.
The company expects no additional tariff refunds. Rasmussen said Section 232 tariffs continue to create elevated costs, including impacts on the Krausz business line, while the company expects its pricing actions to remain price-cost positive entering the fourth quarter.
Cash Flow, Investments and Balance Sheet For the first nine months of fiscal 2026, free cash flow increased $7.6 million from the prior-year period to $110.6 million, representing 59% of adjusted net income. Cash provided by operating activities increased $18.4 million, though the company said working capital remains elevated because of inventory investments, inflation and tariffs.
Capital expenditures were $43.6 million during the first nine months, compared with $32.8 million a year earlier, primarily reflecting investments in iron foundries intended to support productivity, capacity and operations.
Mueller ended the quarter with $495 million of cash and equivalents, $453 million of total debt and $659 million of total liquidity. The company had no borrowings under its asset-based lending facility and no debt maturities until June 2029, according to Rasmussen.
Guidance Raised as Fourth-Quarter Conditions Vary by Segment Mueller narrowed its fiscal 2026 net-sales growth forecast to 2.8% to 3.5% year over year and raised adjusted EBITDA guidance to $367 million to $372 million. At the midpoint, the outlook implies an adjusted EBITDA margin of 25.1%, which would be an annual record for the company.
The company reduced its expected SG&A expense range to $241 million to $245 million and lowered effective tax-rate guidance to 21% to 23%, reflecting the third-quarter tax benefit. It reaffirmed capital spending of $60 million to $65 million and expects free-cash-flow conversion to exceed 70% of adjusted net income.
Management expects slower new residential construction activity to weigh more heavily on fourth-quarter results, particularly in Water Management Solutions as hydrant backlog normalizes. In Water Flow Solutions, the company expects adjusted EBITDA to remain above the prior year, though it anticipates a sequential decline due partly to normal seasonality, short-cycle volume pressure and product mix.
McAndrew said municipal repair-and-replacement demand remains resilient and specialty valves continue to be the company’s fastest-growing category. He said specialty-valve opportunities include potable water, wastewater, industrial water and data-center-related projects, though the data-center business remains relatively small for Mueller.
McAndrew also said federal funding represents less than 5% of total municipal investment, with most spending coming from state and local governments. While some federal stimulus is sunsetting, he said the company does not expect a meaningful effect from that funding over the next one to three years because projects supported by appropriated funds still need to be executed.
About Mueller Water Products (NYSE:MWA)Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company's portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.
The company's operations are organized around two primary business segments.
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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.
Oil’s Outlook Looks Ugly—That’s Why These 3 Energy Plays MatterMach Natural Resources NYSE: MNR reported second-quarter production of 149,000 barrels of oil equivalent per day and generated $154 million in operating cash flow, while maintaining its stated focus on limiting reinvestment to less than 50% of operating cash flow on a year-to-date basis.
The company declared a quarterly distribution of $0.36 per unit after generating $60 million in cash available for distribution. The payment is scheduled for Aug. 31 to unitholders of record as of Aug. 17.
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Top Dividend Plays With Strong Analyst RatingsChief Executive Officer Tom Ward said the company’s strategy remains centered on disciplined asset purchases, restrained capital spending, financial strength and maximizing cash distributions. He said Mach intends to bring leverage back to its goal of roughly one times debt to EBITDA by the end of 2027, compared with its projection of 1.4 times at the end of 2026.
Second-quarter financial and operating results For the quarter, Mach’s production mix was 15% oil, 69% natural gas and 16% natural gas liquids. Average realized prices were $95.40 per barrel for oil, $1.93 per Mcf for natural gas and $28.99 per barrel for NGLs, according to Chief Financial Officer Kevin White.
Oil and gas revenue totaled $360 million, with oil accounting for 54% of the total, natural gas contributing 30%, and NGLs representing 16%. Including hedges and midstream activities, total revenue was $406 million.
Adjusted EBITDA was $182 million. Operating cash flow was $154 million. Development capital expenditures were $97 million, or 63% of operating cash flow during the quarter. Lease operating expense was $98 million, or $7.21 per BOE. Cash general and administrative expense was about $7 million, or $0.54 per BOE. The company ended the quarter with $41 million in cash and $270 million of availability under its credit facility. While quarterly development spending exceeded Mach’s 50% operating-cash-flow target, White said year-to-date capital spending was “right on top of 50%” of operating cash flow. Management expects to finish the year near that reinvestment level, though results may vary by quarter.
Capital allocation and leverage priorities Ward said Mach’s capital spending will remain tied to operating cash flow rather than a fixed development plan. The company’s variable distribution model allows it to reduce or increase spending as commodity prices and project returns change, he said.
Mach expects to use several options to reduce leverage, including accretive acquisitions funded with equity, its $100 million at-the-market equity program, and potentially retaining a portion of distributions to pay down debt. Ward said cutting distributions could be an option if needed, but he also said the company would prefer to make an acquisition using equity if suitable opportunities emerge.
Ward said the company is reluctant to pursue asset sales or acreage divestitures as a deleveraging tool. He noted that acreage previously viewed as non-core has at times developed into productive areas, and selling producing properties would reduce cash flow.
“Selling away your assets, to me, is not as efficient as if we were to cut a distribution,” Ward said.
Drilling shifts toward oil-weighted opportunities Mach has shifted its near-term drilling emphasis toward crude-heavy projects following the start of the conflict in Iran, Ward said. The company is completing its final two Mancos Shale wells this year but has delayed their completion phase until 2027 to stay within its internally mandated capital spending limit.
The company currently has three rigs operating in Oklahoma, targeting the Oswego, Red Fork and Ardmore Basin Sycamore formations. Ardmore Basin locations are expected to be completed by the end of the third quarter. Mach plans to defer further Red Fork drilling until the first quarter of 2027 while retaining one Oswego rig during the fourth quarter of 2026.
Ward described the Oswego Limestone in Kingfisher County, Oklahoma, as the company’s principal drilling workhorse. Mach has drilled more than 250 wells in the area since 2021 and estimates an 87% rate of return at a $75 oil strip price. The company expects to spend about $3.3 million to drill and complete Oswego wells targeting approximately 160,000 barrels of oil.
The company also discussed a smaller Clear Fork opportunity, which is not currently included in its drilling schedule. Ward said the program consists of roughly seven or eight potential horizontal wells within a waterflood, with an estimated 53% rate of return at the end of July. He said the project ranks below the Oswego on returns and could enter the 2027 program depending on prices and available cash flow.
Mancos opportunity depends on gas market conditions Mach holds 575,000 acres in the San Juan Basin and sees the Mancos Shale as a potentially significant long-term natural gas growth opportunity. Ward said Mach is the second-largest natural gas producer and acreage holder in the play behind Hilcorp, with three other sizable owners.
The company has a gas marketing agreement through 2030 and said it can hold approximately 350 million cubic feet per day of gas production flat by drilling five net wells annually. Drilling 10 net wells per year could increase Mach’s net gas production to more than 500 MMcf per day, according to Ward.
However, the company’s near-term activity in the Mancos will depend on natural gas prices, regional basis conditions and competition with oil-focused drilling opportunities. Ward said Mach would be unlikely to pursue a gas capital program if prices remain below $3 per Mcf, though management remains constructive on long-term gas demand.
Mach expects its 2027 program to prioritize oil activity in the first half, with potential Mancos completions beginning in late spring or summer if gas prices improve. Ward said the company has not finalized its 2027 capital plan.
The company also said it is working to lower Mancos well costs. Ward said historical costs for three-mile lateral wells were nearly $20 million, while the current program is expected to be closer to $13 million per completed well. Vice President of Production Operations Rick Hughes attributed the reduction in part to improved drilling performance, fewer drilling days, lower completion costs and new vendors.
Ward said Mach’s overall 2027 production outlook is expected to be “basically keeping it flat,” reflecting the company’s commitment to keep capital spending below 50% of operating cash flow.
About Mach Natural Resources (NYSE:MNR)Mach Natural Resources LP, an independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas. It also owns a portfolio of midstream assets, as well as owns plants and water infrastructure. The company was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma.
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Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Motorola Solutions zvýšila celoroční výhled tržeb na přibližně 12,975 miliardy USD a non-GAAP EPS na 17,62 až 17,72 USD po rekordním druhém čtvrtletí. Tržby vzrostly o 13 %.
Motorola's $1.5B Bet to Own the SkiesMotorola Solutions NYSE: MSI reported record second-quarter sales and earnings for 2026, with revenue rising 13% as demand increased across its Products and Systems Integration and Software and Services segments. The company raised its full-year revenue and earnings outlook, citing continued strength in land mobile radio, or LMR, systems, the Silvus business and its broader safety and security portfolio.
Chairman and CEO Greg Brown called the quarter “exceptional,” saying growth was supported by double-digit increases in both operating segments and across the company’s three technologies. He said mission-critical network sales exceeded expectations in public-safety LMR, while Silvus continued to perform strongly.
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Second-Quarter Results and Margins These 3 Tech Companies Are Suddenly Paying Bigger DividendsSecond-quarter revenue increased 13%, with acquisitions contributing $243 million and favorable foreign exchange contributing $35 million. GAAP operating earnings were $809 million, or 25.8% of sales, compared with 25% in the prior-year period.
Non-GAAP operating earnings totaled just over $1 billion, rising 26% from a year earlier. Non-GAAP operating margin was 32.9%, an increase of 330 basis points. The result included a $60 million benefit from refunds related to the International Emergency Economic Powers Act, or IEEPA. Excluding that benefit, non-GAAP operating margin expanded 140 basis points.
AXON: Competition Intensifies as Motorola Makes $4.4B AcquisitionGAAP earnings per share rose to $3.33 from $3.04 a year earlier. Non-GAAP EPS increased 24% to $4.41, up from $3.57. CFO Jason Winkler said the increase reflected higher operating earnings and a $0.25-per-share benefit from the IEEPA refunds, partly offset by higher interest expense.
Operating cash flow was $469 million, up $197 million from the prior year, while free cash flow increased $190 million to $414 million. The company attributed the gains primarily to higher earnings, partly offset by increased inventory investment.
Segment Growth and Major Orders Products and Systems Integration revenue grew 15% year over year, led by mission-critical networks and video. Segment operating earnings reached $599 million, or 31.4% of sales, compared with 26.7% a year earlier. Excluding the IEEPA refunds, segment operating margin expanded 150 basis points.
The company highlighted several major Products and Systems Integration awards, including:
A $36 million P25 device and SVX order from a U.S. federal customer. A $20 million P25 device order from Atlanta and a $17 million device order from Miami-Dade Corrections. Next-generation P25 infrastructure awards valued at $52 million, $34 million and $22 million for a U.S. federal customer, a Southeastern state and local customer, and St. Louis County, Missouri, respectively. Software and Services revenue increased 10%, with growth across all three technologies. Segment operating earnings were $433 million, or 35.3% of revenue, compared with 33.8% in the prior-year quarter. Notable wins included a $24 million P25 services order from a North American energy company, a $20 million command center order from the Montana Department of Justice, and mobile video orders valued at $25 million from the Florida Highway Patrol and $24 million from the Kansas City Police Department.
Brown said the Florida Highway Patrol and Kansas City Police Department were first-time users of Motorola Solutions’ body-worn camera and in-car video products. The awards included the company’s responder AI Assist capabilities.
Backlog, Silvus and Infrastructure Demand Ending backlog reached a record $15.6 billion, up 11% or $1.5 billion from a year earlier. Backlog declined $71 million sequentially, primarily due to revenue recognition for the U.K. Home Office program. Software and Services backlog rose $1.2 billion from the prior year, driven by demand for multiyear contracts across the company’s technologies.
Winkler said Silvus generated approximately $210 million of revenue in the first quarter and $230 million in the second quarter. Motorola Solutions now expects Silvus to generate about $850 million of revenue for the full year. COO Jack Molloy said the company has expanded capacity at Silvus’ Los Angeles site and is constructing a manufacturing facility in Salt Lake City, with benefits expected in 2027. Motorola Solutions has also doubled the Silvus sales force, executives said.
The company expects its D-Series P25 infrastructure platform to contribute to second-half growth. Molloy said UHF products are expected to begin shipping in the fourth quarter. Executives described the D-Series upgrade cycle as a multiyear opportunity, noting that infrastructure upgrades and associated long-term software and services agreements could continue into the 2030s.
Raised Outlook and Cost Considerations Motorola Solutions raised its full-year revenue outlook to approximately $12.975 billion from $12.8 billion previously. It now expects non-GAAP EPS of $17.62 to $17.72, compared with prior guidance of $16.87 to $16.99.
The company expects third-quarter sales growth of approximately 8% and non-GAAP EPS of $4.39 to $4.44. For the full year, it expects Products and Systems Integration revenue to grow 11% and Software and Services revenue to grow 11%. By technology, management forecasts mission-critical networks growth of 10% to 11%, video growth of 11%, and command center growth of about 15%.
Winkler said the $175 million increase in full-year revenue guidance is expected to come from mission-critical networks, including about $100 million from Silvus and the remaining amount from public-safety LMR demand. The company expects tariff impacts to be neutral for the year, as the second-quarter IEEPA refunds offset its previously anticipated $60 million of tariff headwinds.
Motorola Solutions now expects direct memory spending of roughly $150 million in 2026, compared with $50 million in 2025. The company has increased inventory and worked with suppliers to secure supply continuity. Despite higher memory costs, management expects full-year gross margin to be comparable with last year and operating margin to expand by approximately 170 basis points.
The company also said it expects to close its $1.5 billion acquisition of counter-drone company D-Fend Solutions during the second half, subject to regulatory approvals. Motorola Solutions plans to finance the acquisition with approximately $1 billion of incremental debt and expects year-end net debt to EBITDA leverage of about two times.
About Motorola Solutions (NYSE:MSI)Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.
Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.
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3 Healthcare Stocks With Fresh Dividend Hikes and Different Income ProfilesMcKesson NYSE: MCK reported fiscal first-quarter 2027 results that exceeded its expectations, citing broad-based momentum across its operating businesses and prompting the healthcare services company to raise its full-year adjusted earnings outlook.
Revenue rose 8% to $105.4 billion, while adjusted diluted earnings per share increased 20% to $9.93. Chair and CEO Brian Tyler said three reporting segments posted double-digit operating-profit growth, supported by stable utilization, volume growth and the company’s portfolio of healthcare distribution, specialty and technology services.
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MarketBeat Week in Review – 07/27- 07/31“Our first quarter performance reflects the continued momentum across the enterprise and reinforces our confidence in our strategy and the durability of our operating model,” Tyler said.
Guidance raised as North American Pharmaceutical leads growth McKesson raised its fiscal 2027 adjusted EPS outlook to a range of $44.20 to $45.00, from prior guidance of $43.80 to $44.60. The revised outlook implies adjusted EPS growth of 13% to 15%, excluding the impact of the Norway divestiture and a fiscal 2026 gain tied to the sale of an equity investment within The US Oncology Network.
McKesson's Compounding Keeps Adding UpThe company expects fiscal-year revenue growth of 5% to 9% and operating-profit growth of 9% to 13%.
North American Pharmaceutical revenue increased 5% to $86.8 billion. The segment’s operating profit rose 19% to $894 million, driven by specialty distribution growth, including health systems and strategic accounts, as well as the timing of new product launches.
Chief Financial Officer Kenny Cheung said higher prescription volumes and specialty-product volumes supported revenue growth, partly offset by lower branded-drug pricing following wholesale acquisition cost reductions in January 2026 and branded-to-generic conversions. Cheung said branded pricing declines did not have a meaningful effect on operating profit because more than 95% of McKesson’s branded-drug business is fee-for-service.
GLP-1 medication distribution revenue totaled $15 billion during the quarter, up approximately $3 billion, or 24%, from the prior year. Revenue from GLP-1 products rose 13% sequentially. Tyler said the company continues to see growth in both the cash-pay and covered segments of the GLP-1 market.
For the full year, McKesson expects North American Pharmaceutical revenue growth of 4% to 8% and operating-profit growth at the high end of its previous 5.5% to 9.5% range. The company said its forecast includes accelerated investments during the second half of fiscal 2027, focused on growth and artificial intelligence, with returns expected to begin in fiscal 2028.
Oncology and technology businesses post double-digit profit gains Oncology & Multispecialty revenue rose 33% to $14.2 billion, while operating profit climbed 41% to $405 million. Excluding contributions from the Core Ventures acquisition, completed in June 2025, segment revenue grew approximately 24% and operating profit increased about 15%.
Cheung attributed the results to expansion within existing provider solutions and specialty distribution, new business wins and the Core Ventures contribution. Tyler said Florida Cancer Specialists, which McKesson acquired through Core Ventures, has performed at the high end of the guidance range provided at the time of the acquisition.
The U.S. Oncology Network expanded to approximately 3,400 providers and treats more than 2 million patients annually, according to Tyler. McKesson also said PRISM Vision includes more than 200 providers across 97 locations. Its Sarah Cannon Research Institute joint venture participated in research contributing to 43 of the 52 adult oncology drugs approved by the FDA in 2025, the company said.
Prescription Technology Solutions revenue increased 9% to $1.6 billion, and operating profit rose 13% to $303 million. Results reflected higher prescription volumes in third-party logistics and access solutions, including prior authorization services. McKesson said it began supporting the CMS Medicare GLP-1 Bridge program in July, providing infrastructure for eligibility determination, electronic prior authorizations and pharmacy claims transactions.
The company said that once a prior authorization request is submitted to a payer, 95% receive a determination within 30 minutes.
Medical-Surgical separation advances under Wellverse brand McKesson continued preparations to separate its Medical-Surgical Solutions business. Tyler said the unit will operate under the name Wellverse, with a phased transition expected to begin in January 2027.
During the quarter, McKesson completed Apollo Funds’ previously announced minority investment in the business. Apollo now holds approximately 13% of Medical-Surgical Solutions, while McKesson retains majority ownership and continues to consolidate the unit’s results.
The company also completed a $2.25 billion senior secured Term Loan B, following a $1 billion secured Term Loan A, and established a $1 billion revolving credit facility that remained undrawn during the quarter. Cheung said these financing arrangements support the business’s separation.
Medical-Surgical Solutions revenue increased 4% to $2.8 billion, aided by alternate-site-of-care growth and higher specialty pharmaceutical volumes. Operating profit declined 20% to $195 million due to product mix and a one-time administrative expense, partly offset by extended-care channel contributions.
Capital returns and policy considerations McKesson ended the quarter with $5.2 billion in cash and cash equivalents and approximately $10 billion in total liquidity. Free cash flow was negative $372 million, including $152 million in capital expenditures, although trailing 12-month free cash flow totaled approximately $6.1 billion.
The company repurchased $2.5 billion of shares during the quarter, including $2.25 billion through an accelerated share repurchase program at an initial average price of about $755 per share. It returned $2.6 billion to shareholders through repurchases and dividends. In July, the board approved a 15% increase in the quarterly dividend, representing McKesson’s 10th consecutive annual increase.
Management expects approximately $4.5 billion to $4.9 billion in free cash flow and roughly $5 billion in share repurchases for fiscal 2027.
Tyler said McKesson is monitoring healthcare policy developments, including potential reforms to the 340B drug-pricing program and the Inflation Reduction Act’s Part B provisions. He said it would be premature to estimate financial effects from 340B proposals still under review, while noting the Part B program is not scheduled to take effect until January 2028.
About McKesson (NYSE:MCK)McKesson Corporation NYSE: MCK is a global healthcare services and distribution company that supplies pharmaceuticals, medical-surgical products and health care technology solutions. Founded in 1833 and headquartered in Irving, Texas, McKesson operates across the drug distribution and healthcare services value chain, connecting manufacturers, pharmacies, hospitals and health systems to help manage the movement of medicines and clinical supplies.
The company's core activities include pharmaceutical wholesale distribution and logistics, specialty pharmacy services, and the provision of medical-surgical supplies to acute and non-acute care providers.
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Mosaic kvůli drahé síře a omezené nabídce omezuje produkci fosfátů v USA i Brazílii. Ve 3. čtvrtletí čeká vyšší náklady na síru i amoniak, ale marže mají zůstat nad historickým průměrem.
3 Agriculture Stocks to Buy as Food Inflation Stays Elevated in 2026Mosaic NYSE: MOS said it is managing production, costs and liquidity through what Chief Executive Officer Bruce Bodine described as a difficult phosphate market shaped by unusually high sulfur prices and constrained supply.
The company has curtailed phosphate production in the United States and Brazil, limiting purchases of high-cost raw materials while maintaining the condition of its assets for an eventual return to higher operating rates. Bodine said Mosaic secured a significant portion of its third-quarter U.S. sulfur needs at prices below the spot market, though still at historically elevated levels.
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Not Just Oil: 3 Fertilizer Stocks Boosted by Hormuz Closure“Mosaic is working through a difficult market by successfully managing what is under our control and positioning ourselves for an eventual recovery,” Bodine said during the company’s second-quarter 2026 earnings call.
Sulfur constraints drive phosphate curtailments Mosaic cited the continued closure of the Strait of Hormuz and a Kazakhstan blockade as factors disrupting global sulfur flows. The company said current spot sulfur prices are not economically sustainable for the phosphate industry and have prompted production reductions across the sector.
3 Underfollowed Stocks Wall Street Still Likes—And for Good ReasonBodine estimated that global phosphate production could fall short of last year’s output by as much as 30 million tons if supply constraints persist. He said the lower availability of fertilizer, combined with reduced application rates in prior periods, could affect crop yields and create food-security challenges.
In North America, Executive Vice President of Commercial Jenny Wang said Mosaic estimates phosphate application fell nearly 15% below normal last year and could decline another 20% this year. Compared with typical application levels, that would represent a reduction of more than 30% in 2027, she said.
In Brazil, Mosaic expects phosphate application to decline by roughly 30% at the nutrient level this year, after application was relatively normal and showed some growth last year. Wang said Mosaic has observed yield pressure in some major Brazilian states despite increased harvest acreage.
The company said it expects phosphate prices to remain near current levels because sulfur-related supply challenges and lower Chinese exports are limiting global availability. Bodine also said the temporary suspension of U.S. countervailing duties on phosphate imports from Morocco has not affected New Orleans prices, as producers can obtain higher netbacks in markets outside the U.S.
Third-quarter cost outlook and production levels Chief Financial Officer Luciano Siani Pires said second-quarter U.S. phosphate raw-material costs averaged $522 per long ton for sulfur and $621 per ton for ammonia. These costs resulted in an average realized stripping margin of $422 per ton.
For the third quarter, Mosaic expects realized sulfur costs of approximately $700 to $710 per ton and ammonia costs of approximately $610 to $620 per ton. The company guided for DAP FOB prices of $820 to $840 per ton, which Pires said implies a realized stripping margin above historical averages despite higher input costs.
Management cautioned that curtailments will reduce fixed-cost absorption and increase idle expenses in the phosphate and Fertilizantes segments during the third quarter. Bodine said stripping margins are expected to decline sequentially but remain above historical levels. The company also expects phosphate sales volumes of 1.1 million to 1.4 million tons in the third quarter, compared with 1.4 million tons produced and sold during the second quarter.
Mosaic’s Louisiana fertilizer production is fully idled, while Bartow is operating at approximately 40%, according to management’s discussion with analysts. Other Central Florida facilities are running at rates in the mid-70% range, constrained by sulfur availability. Bodine said the company could restore production within weeks, rather than months, if sulfur supply conditions normalized.
Potash, Brazil and Biosciences Mosaic characterized potash conditions as comparatively balanced, with supply meeting demand in major consuming regions. The company said its summer fill program was fully subscribed, and it expects the potash market to remain constructive through the year.
The company completed Esterhazy’s annual turnaround in the second quarter and expects lower potash unit costs in the second half as volumes from the Hydrofloat Project increase. Second-quarter MOP costs of $84 per ton reflected a production mix weighted toward higher-cost Colonsay volumes, Pires said.
In Brazil, Mosaic curtailed commodity phosphate production because of sulfur conditions but reported $60 million of EBITDA from its Fertilizantes business in the second quarter. Management expects third-quarter profitability to be below that level, although the seasonally stronger distribution business, co-product sales and an expected contribution from Mosaic Biosciences should support positive results.
Pires said Mosaic expects approximately $30 million in Biosciences sales in Brazil during the third quarter, with a contribution margin near 40%. Bodine said Mosaic Biosciences remains on track to double its revenue again this year.
Cash flow, capital spending and balance sheet actions Mosaic reduced SG&A expenses by 20% year over year in the second quarter, citing spending discipline, lower support-labor costs, lower bad-debt expense and benefits from divestitures. The company expects further SG&A reductions in the second half.
The company lowered its full-year capital expenditure outlook to $1.2 billion from $1.25 billion previously and from an earlier $1.5 billion level. Management expects free cash flow to improve sequentially in the third and fourth quarters, supported by lower spending, cost reductions and a projected $300 million to $500 million working-capital release.
Pires said roughly $100 million to $200 million of the working-capital release may occur in the third quarter, with the larger portion expected in the fourth quarter as Brazil customer collections increase.
During the second quarter, Mosaic put in place a $1 billion term loan to replace and extend short-term commercial-paper maturities. The company refinanced $500 million of commercial paper in June and the remainder in July. Mosaic said it has not drawn on its $2.5 billion revolving credit facility.
Separately, the company said it completed the sale of Carlsbad, continues to advance a potential divestiture of its Araxá complex, and is evaluating opportunities involving land holdings. Mosaic also recorded a noncash write-down related to a previously considered purified phosphoric acid and battery cathode materials project, which Bodine said the company no longer expects to pursue.
About Mosaic (NYSE:MOS)Mosaic Co is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. The company's primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.
In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.
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Progressive (PGR -0.01%) is an insurance company, so its revenue comes from two primary sources. The first is profitably selling insurance. The second is the income the company generates from managing the float. Right now, it looks like there's a trade-off being made after a period of very strong results. Here's what you need to know.
Progressive wants to keep growing As an insurance company, Progressive collects premiums up front and pays out claims later. In between, it gets to invest the cash, which is known as the float, to generate income. This is a powerful business model, with the company's investment portfolio valued at over $97 billion as of the end of the second quarter of 2026. That portfolio generated $979 million in revenues for Progressive in the quarter.
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So there's a very good reason why Progressive wants to keep growing its insurance portfolio. However, it has to write profitable policies, or more growth may not be a good thing. This is where the combined ratio comes in. A number below 100 indicates the company's policies are profitable. Occasionally, major events will push the combined ratio higher, but overall, investors want to see a number below 100. In the second quarter, Progressive's combined ratio was 87.3.
Progressive is making a trade-off The problem is that in the second quarter of 2025, the combined ratio was 86.2. So the ratio is going in the wrong direction. In fact, in June, the ratio was up to 90. As noted, the combined ratio can vary slightly from period to period. However, that drop has to be taken in context.
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In the first half of 2025, net premiums written increased 15%. In the first half of 2026, growth was down to 6%. It looks like the company may be taking on less attractive business to continue growing, which increases its ability to benefit from the float. To be fair, the company has been operating at a very high level over the last couple of years. So the current shift in the combined ratio isn't terrible; it is likely just an informed decision by management to support long-term growth amid increased competition.
Progressive's combined ratio target is 96 All in, Progressive is still performing quite well as a business. So there's no particular reason to worry. That said, the company's combined ratio target is 96 or below. So the trade-off between quality and growth starts to get really strained the closer the company gets to that level. If you own Progressive, keep that target in mind, but you probably don't need to be overly concerned about the combined ratio today.
MDU Resources Group ve 2. čtvrtletí zvýšila zisk na 21,3 mil. USD, tedy na 0,10 USD na akcii, z 13,7 mil. USD před rokem. Firma zároveň potvrdila výhled na celý rok na úrovni 0,93 až 1,00 USD na akcii.
Is 3M's Dividend Really In Danger? $20 Billion In LawsuitsMDU Resources Group NYSE: MDU reported second-quarter 2026 earnings of $21.3 million, or $0.10 per share, up from $13.7 million, or $0.07 per share, a year earlier, as new utility rates, customer growth, renewable investments and higher retail sales volumes supported results.
For the first six months of 2026, the company earned $102.1 million, or $0.49 per share, compared with $95.7 million, or $0.47 per share, in the prior-year period.
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President and Chief Executive Officer Nicole Kivisto said the company’s quarter reflected continued execution across its regulated utility and pipeline operations. She also highlighted progress on the proposed Bakken East Pipeline Project, data center electric-service agreements and regulatory activity across the company’s service territories.
Pipeline project advances toward regulatory filing MDU said it has executed precedent agreements with all customers that submitted binding open-season interest for the Bakken East Pipeline Project. The agreements total nearly 1.2 billion cubic feet per day of transportation capacity. A negotiated option could raise contracted volumes to nearly all of the original binding open-season interest, according to Kivisto.
The company continues to design Bakken East for 1.4 billion cubic feet per day of capacity. Project design is being finalized based on confirmed customer volumes and delivery locations, with a final investment decision expected before the company files an application under Section 7(c) with the Federal Energy Regulatory Commission.
The FERC filing is now anticipated in the fourth quarter of 2026, later than a previously contemplated third-quarter schedule as precedent-agreement negotiations took longer than expected. The project’s planned in-service dates remain late 2029 for phase one and late 2030 for phase two.
MDU estimates the project could cost between $2.7 billion and $3.2 billion, an amount that would be incremental to its existing capital program. Chief Financial Officer Jason Vollmer said the company is considering financing, partnership and other commercial alternatives, and believes there is “good appetite” for assets of this type.
Vollmer said the company expects to provide more detail on the capital implications once it reaches a final investment decision. MDU typically updates its capital plan in late November, following its third-quarter board meeting.
While the pipeline is being designed for current demand, Vollmer said it could potentially be expanded later if additional demand emerges. Such an expansion could require additional capital, including for compression.
Data center agreements and electric regulatory activity MDU entered into an electric service agreement with Applied Digital to serve Polaris Forge 3, an AI factory near Center, North Dakota. At full capacity, the campus would require 430 megawatts of electricity. Approval from the North Dakota Public Service Commission, along with other regulatory filings, remains pending.
The company said it now has more than 1 gigawatt of data center load under signed electric service agreements, including approximately 240 megawatts currently online. Additional load is expected over the next several years as more buildings are constructed.
Kivisto said MDU’s approach to data centers is intended to protect existing customers while allowing communities to benefit from new development. Under the company’s model, data center customers pay costs associated with connecting to and receiving electric service, including infrastructure and energy-related costs. MDU also said the added revenue can support the electric system and reduce some fixed costs for existing retail customers through a broader customer base.
She said the company is continuing to engage with communities and communicate the potential customer and community benefits of serving data center load. The company does not currently include the pending Center-area agreement in its financial guidance or long-term growth outlook.
On June 30, MDU filed a North Dakota electric general rate case seeking an annual revenue increase of about $34.5 million. The filing includes a request for interim rates totaling approximately $26.3 million annually beginning Sept. 1. The company cited electric infrastructure investments, depreciation, reliability and safety investments, and higher operations and maintenance expense.
In Montana, interim electric rates reflecting an annual increase of approximately $10.4 million remain in effect subject to refund. A $10 million settlement agreement has been filed and is awaiting commission approval. In Wyoming, a settlement in the company’s general rate case was approved for an annual increase of $5.8 million, with rates effective April 1.
The North Dakota Public Service Commission also approved the route permit for the Jamestown-to-Ellendale transmission project in June. MDU said the project is expected to improve reliability and resiliency, ease transmission congestion and support access to lower-cost energy in the region.
Segment results and capital plan The electric utility segment earned $14.7 million in the second quarter, up from $10.4 million a year ago. The increase included higher retail sales revenue and recovery mechanisms tied to renewable investments, including a $3.3 million quarterly earnings contribution from the Badger Wind Farm. Interim Montana rates, new Wyoming rates and higher retail sales volumes across major customer classes also contributed.
MDU’s natural gas distribution segment reported a seasonal loss of $3.9 million, compared with a $7.4 million loss in the second quarter of 2025. New rates in Idaho, Washington, Montana and Wyoming, as well as higher retail volumes and customer growth, improved results. Retail sales volumes rose 6.7% year over year and customer growth was 1.6%, though higher interest expense partially offset those benefits.
The pipeline segment earned $14.4 million, compared with $15.4 million a year earlier. Lower other income and higher depreciation and amortization expense related to a growth project placed into service weighed on the comparison. Those effects were partly offset by demand for short-term transportation contracts, interruptible storage services and contributions from previous growth projects.
MDU’s pipeline business also filed a FERC rate case on May 29 seeking a $31 million annual revenue increase. About 30% of the request relates to proposed new depreciation and amortization rates. FERC accepted and suspended the proposed rates, which are scheduled to become effective Dec. 1, subject to refund and the outcome of settlement discussions or hearing procedures.
The company reaffirmed its 2026 earnings guidance of $0.93 to $1.00 per share and its long-term earnings-per-share growth objective of 6% to 8%. Its 2026-through-2030 capital program totals about $3.1 billion, including approximately $1.1 billion for electric operations, $1.4 billion for natural gas distribution and $643 million for pipeline investments.
About MDU Resources Group (NYSE:MDU)MDU Resources Group, Inc is a diversified energy and services holding company headquartered in Bismarck, North Dakota. The company operates through two primary segments: Utilities and Construction Services and Pipelines & Midstream. Serving a broad geographic footprint across the upper Midwest and Pacific Northwest, MDU provides essential energy distribution and infrastructure services to residential, commercial and industrial customers.
The Utilities segment delivers electric and natural gas distribution services in Montana, North Dakota, South Dakota, Minnesota, Kansas, Wisconsin, Michigan and Washington.
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Matador Resources vykázala ve 2. čtvrtletí 2026 téměř rekordní upravený volný peněžní tok 303 mil. USD a použila 200 mil. USD na snížení dluhu. Firma zároveň zvýšila výhled meziročního růstu produkce ropy na 4 % až 7 %.
Matador’s Results Were Better Than Feared, But 2026 Headwinds Still MatterMatador Resources NYSE: MTDR reported near-record adjusted free cash flow of $303 million for the second quarter of 2026 and said it used $200 million to reduce borrowings associated with its federal lease acquisition, according to management’s earnings call.
Chairman, Founder and CEO Joe Foran said the company’s acquisition-related bank debt had fallen to less than $1 billion from $1.25 billion. Matador expects it could generate approximately $900 million in free cash flow for the full year and intends to continue prioritizing debt reduction.
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3 Mid-Cap Energy Firms Analysts See Moving Up to the Big Leagues“We’ve exceeded the high end of our production guidance,” Foran said, adding that reserves increased 5% during the quarter to 703 million barrels of oil equivalent from 667 million barrels of oil equivalent.
The company raised its outlook for year-over-year oil production growth to a range of 4% to 7%, which Foran said is being pursued with 1% less capital spending. He reiterated Matador’s strategy of pursuing “profitable growth at a measured pace” while maintaining a focus on balance-sheet management.
Acquisitions and federal leases underpin growth outlook 5 Highly Rated Dividends With 50% Upside According to AnalystsManagement highlighted the integration of the Cardinal acquisition, federal lease purchases, and the Paloma and Ridge Runner transactions as strategic catalysts for future development. Foran said Matador made offers to 26 Cardinal field employees and that all accepted.
Foran also said the company used midstream funds to acquire Cardinal’s midstream assets, while Matador’s E&P business funded acquisitions intended for its upstream portfolio.
The federal lease purchases extended Matador’s inventory life to more than 15 years, according to Foran. He said the acreage includes nine different producing zones and is located near the company’s existing midstream infrastructure, potentially supporting development and gas transportation economics.
Tom Elsener, executive vice president of reservoir engineering and senior asset manager, said the company expects the recently acquired properties to generate rates of return above 80%. He attributed those expectations to high-quality reservoir rock, estimated oil recoveries that are 15% to 20% higher than on other properties, multiple productive benches, longer laterals and lower projected well costs.
Elsener said Matador expects well costs on the acreage to decline into the $600-per-foot range. He also cited the federal leases’ one-eighth royalty rate and potential midstream synergies, which were not included in the cited 80% return estimate.
Development activity could begin this year Bryan Erman, co-president, chief legal officer and head of M&A, said Matador had evaluated the federal acreage for months before the lease sale and began permit-related work immediately after acquiring it. The company could begin operations on the leases as early as late 2026 or in early 2027, he said.
Mac Schmitz, senior vice president of investor relations, added that Matador has 12 operated wells near the federal acreage that are being completed and are expected to begin production in the third quarter. The company also increased planned midstream spending to expand San Mateo and Matador infrastructure toward the federal properties, signaling potential drilling activity near the acquired acreage this year.
Foran said the company expects the acquisitions and federal lease positions to support a strong finish to 2026 and stronger performance in 2027. However, he did not provide a specific 2027 capital spending or production-growth forecast during the call.
Midstream network seen as a flow-assurance advantage Management emphasized that the acquisitions strengthen the fit between Matador’s upstream portfolio and its midstream network. Foran said Cardinal’s pipeline system complements the company’s existing infrastructure across the Delaware Basin and noted that approximately 100 rigs are operating within 10 miles of its pipelines.
He said growing activity in the area could create tighter gas transportation markets and increase the importance of flow assurance. Matador aims to use its infrastructure both for its own production and potentially for third-party customers, according to Foran.
Erman said Matador assigned $50 million of midstream value to the Paloma transaction and nearly $100 million of midstream value to the federal lease sale. He said the acquired assets stand on their own from an E&P perspective while also adding value to the midstream business.
Michael Frenzel, executive vice president and treasurer, said a significant marketing gain in the quarter reflected the company’s marketing team’s efforts to mitigate weak Waha natural gas pricing. He said Matador does not necessarily expect that gain to recur, but anticipates improved natural gas realizations from the Hugh Brinson Pipeline and other agreements with Energy Transfer.
Management keeps acquisition option open while reducing debt Foran described the company as being in a period of deleveraging following its recent transactions, while remaining open to future opportunities that fit Matador’s strategy. He said the company’s revolving-based lending group includes 19 banks and that the group has increased its borrowing base, providing capacity should another acquisition opportunity emerge.
He also pointed to drilling efficiency gains, saying Matador reduced drilling time for three-mile wells from roughly 20 days to about 10 days. The company said those operational improvements can lower capital requirements and improve well economics.
In closing remarks, management also highlighted the first Rae’s Creek well, which Foran said produced more than 2,200 barrels. Elsener said the initial well came online stronger than expected and that the company sees potential for the target as part of its future development program.
About Matador Resources (NYSE:MTDR)Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.
Matador's core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.
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Maximus snížil celoroční výhled zisku a volného peněžního toku poté, co VA dočasně pozastavilo pobídkový mechanismus u programu Medical Disability Exam. Tržby za 3Q činily 1,28 miliardy USD a byly v souladu s očekáváním.
Maximus NYSE: MMS reported fiscal 2026 third-quarter revenue of $1.28 billion, with adjusted EBITDA margin of 15.0% and adjusted diluted earnings per share of $2.22. Revenue was in line with the company’s expectations, while adjusted EBITDA margin improved from 14.7% a year earlier and adjusted EPS rose from $2.16.
The company reiterated its full-year revenue outlook but reduced its earnings and free-cash-flow guidance after the Department of Veterans Affairs temporarily paused performance incentives and disincentives on its Medical Disability Exam, or VA MDE, program.
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VA Incentive Pause Reduces Earnings Outlook CFO David Mutryn said the VA notified all program vendors of a pause in the incentive mechanism, effective July 1, as the agency works to improve its invoice review and validation process. Maximus had recorded positive performance incentives during each of the first three quarters of fiscal 2026, reflecting results on measures including timeliness, accuracy and quality.
The company removed assumed VA MDE incentive contributions from its fourth-quarter forecast. That action lowered its full-year adjusted EPS outlook by approximately $0.35 per share.
Adjusted diluted EPS is now expected to be $7.90 to $8.20, compared with the prior midpoint of $8.40. Full-year adjusted EBITDA margin is expected to be about 13.7%. Free cash flow is now expected to be $425 million to $475 million. Revenue guidance was reiterated at $5.2 billion to $5.35 billion, with a bias toward the lower end of the range. For the fourth quarter, Maximus’ revised guidance implies adjusted diluted EPS of $1.91 at the midpoint and adjusted EBITDA margin of approximately 13%. Mutryn said the company views that quarterly margin level as a reasonable earnings run rate entering fiscal 2027 while the incentive suspension remains in place.
The company assumes the pause will continue through Dec. 31, 2026, meaning Maximus does not expect to be eligible for incentives in the first quarter of fiscal 2027. CEO Bruce Caswell said the VA has released a draft performance work statement for the successor contract, covering all six regions currently served by the company. He said the document did not include details about pricing or future incentive structures.
Caswell said the company remains confident in its ability to win the rebid, citing its delivery record, operating investments and relationship with the customer. The current contracts are scheduled to end Dec. 31, though the company said an extension of up to six months could be possible based on the timing suggested in the draft work statement.
Segment Results and Cash Collection Progress U.S. Federal Services generated third-quarter revenue of $721 million. Revenue declined from the prior-year period, which included higher natural-disaster support and temporary clinical volume surges. Segment operating income margin rose to 18.6%, from 18.1% a year earlier, aided by operating efficiencies.
U.S. Services revenue was $418 million, and operating income margin was 10.8%. Management said it expects positive mid-single-digit organic revenue growth in the segment in the fourth quarter, driven by increased outreach and engagement work involving Medicaid beneficiaries and legislative changes at current state customers.
The Outside the U.S. segment reported revenue of $140 million and operating profit of $1.2 million. Management attributed lower revenue versus the prior year to volume changes across clinical and employment-services programs. The company continues to expect the segment to break even for the full fiscal year, implying a profitable fourth quarter.
Cash flow used in operations totaled $125 million in the third quarter, while free cash flow was an outflow of $137 million. Days sales outstanding stood at 98 days due to administrative delays at a major federal customer. Mutryn said Maximus collected approximately $245 million from that customer after June 30 and continues to expect DSO to finish the fiscal year below 70 days.
Maximus ended the quarter with $1.65 billion in total debt and a consolidated net leverage ratio of 2.0 times, within its targeted range of two to three times. The company repurchased about 750,000 shares for $50 million during the quarter. Its full $400 million share-repurchase authorization approved in May remained available as of June 30.
Pipeline, Medicaid, SNAP and AI Opportunities Maximus reported a total sales pipeline of $50.4 billion at June 30, including $2.9 billion in pending proposals, $2.4 billion in proposals in preparation and $45.1 billion in tracked opportunities. New work represented 57% of the pipeline, while U.S. Federal Services accounted for 55%.
Caswell said portions of the federal civilian market have faced procurement delays, scope revisions and cancellations amid changing priorities, budget considerations and policy developments. Still, he said demand remains constructive. Year-to-date signed awards totaled $1.25 billion, producing a trailing 12-month book-to-bill ratio of about 0.5 times. Another $1.35 billion of awards had not yet been signed at quarter-end, primarily tied to longer-term recompete activity.
Management also highlighted potential work associated with H.R. 1, including Medicaid community-engagement requirements and SNAP program administration. Caswell said state discussions around Medicaid have moved more slowly than anticipated because of the complexity of recently released federal rules, but Maximus expects beneficiary outreach activity on existing contracts to support fourth-quarter growth.
On SNAP, the company said it has completed more than 40 demonstrations of its Accuracy Assistant tool and held 150 customer meetings. Caswell noted that USDA data showed a national SNAP payment error rate of approximately 10.6% in fiscal 2025, compared with about 10.9% in fiscal 2024.
The company also said artificial intelligence has become increasingly important in government procurements, with roughly 75% to 80% of new bids and rebids containing explicit AI requirements or evaluation criteria. Caswell said AI-based improvements across five contracts, including call-routing, chatbot and customer-engagement tools, produced a 3.5% operating-margin improvement for that group of contracts.
About Maximus (NYSE:MMS)Maximus, Inc NYSE: MMS is a global provider of government services focused on delivering health and human services programs. The company partners with federal, state, and local agencies to administer and manage programs that support individuals and families across various stages of life. Key service areas include eligibility determination and enrollment services for Medicaid, Medicare, Children's Health Insurance Program (CHIP) and other public assistance programs, as well as call center operations, case management and program integrity solutions.
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MP Materials ve 2Q 2026 více než zdvojnásobila výnosy a PPA income na 126,1 mil. USD díky 127% růstu prodejů NdPr. Upravená EBITDA se zlepšila na 28,5 mil. USD a ztráta na EPS se zúžila na 0,01 USD.
Why Rare Earth Processing Could Be the Real 2027 OpportunityMP Materials NYSE: MP reported second-quarter 2026 revenue and PPA income of $126.1 million, more than double the prior-year period, as sales volumes of neodymium-praseodymium, or NdPr, increased 127% year over year. Consolidated adjusted EBITDA was $28.5 million, improving by $41 million from a year earlier, while adjusted diluted earnings per share improved $0.12 to a loss of $0.01 per share.
Chief Executive Officer James Litinsky said the company continued to expand both its rare-earth materials and magnetics businesses during the quarter, including higher NdPr output, progress on heavy rare-earth separation, customer qualification work at its Independence magnet facility, and construction of its planned 10X magnet manufacturing facility.
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Materials production and sales increase Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?MP Materials produced 840 metric tons of NdPr during the quarter, a 41% increase from a year earlier. The total was achieved despite an extended planned plant shutdown in April, according to Litinsky. NdPr sales exceeded 1,000 metric tons for the second consecutive quarter.
The Materials segment generated $113.2 million in revenue plus PPA income and $32.5 million in adjusted EBITDA, representing a $45 million year-over-year improvement.
Oil Prices Are Surging and These 4 Stocks Are Cashing InChief Operating Officer Michael Rosenthal said the company expects third-quarter NdPr production to exceed 1,000 metric tons as plant reliability, throughput and operational consistency improve. The company is working through reliability issues affecting a limited number of circuits and expects the benefits of higher throughput, process efficiency, lower maintenance intensity and the restart of its chlor-alkali facility to build progressively through 2027.
For the third quarter, Chief Financial Officer Ryan Corbett said MP Materials expects NdPr oxide realized prices in the high-$90s per kilogram, with PPA income of roughly $10 per kilogram. Materials sales volume is expected to be “flattish” sequentially, depending on shipment timing, sales mix and metallization lead times. As of June 30, the company had approximately 650 metric tons of NdPr oxide and metal on hand, in transit, at toll processors or awaiting shipment.
Heavy rare-earth projects and gadolinium agreement MP Materials said it achieved mechanical completion of its first heavy rare-earth separation circuit in May and is preparing to introduce feed into the facility. The company remains on track to begin producing terbium and dysprosium later this year, though Rosenthal said the exact pace of the ramp will depend on commissioning activities and the company’s focus on product quality.
The company also announced a long-term agreement to supply gadolinium oxide to a U.S. aerospace and defense manufacturer. Litinsky described the agreement as a sizable nine-figure deal over multiple years. Corbett said the contract includes locked-in economics and could offer opportunities for greater volumes over time.
MP Materials is advancing a samarium program with first production planned for 2028. Following an extended pilot campaign, the company is also moving forward with engineering and procurement for a gadolinium separation project on a similar timeline. Rosenthal said the company plans to break ground during August on an expanded Mountain Pass area intended to house magnet recycling and additional heavy rare-earth separation and finishing capacity.
Management said the company is evaluating opportunities across other rare earths contained in its ore body, including yttrium. The company also said its heavy rare-earth separation circuit was designed to process third-party feedstocks.
Magnetics business prepares for commercial shipments At MP Materials’ Independence facility in Texas, the company delivered magnets to General Motors for in-vehicle qualification testing during the quarter. The company continues to expect initial commercial magnet shipments to begin in the fourth quarter, followed by a gradual production ramp.
Rosenthal said the facility is demonstrating the capability and consistency needed to support customer volume ramp requirements, though qualification also involves capacity staging, batch traceability, quality systems integration and vehicle-level testing. Corbett said early magnet production will create variable quarterly financial results as precursor product sales decline and commercial magnet volumes begin to scale.
The Magnetics segment’s revenue declined slightly from the first quarter, reflecting a greater proportion of costs tied to magnet-production startup rather than precursor production. However, precursor production generated adjusted EBITDA margins above 40% during the quarter.
The company has approximately $46 million of prepaid revenue from magnetic precursor products remaining to be recognized over the next three to four quarters, declining modestly each quarter. Once that prepayment is fully recognized, MP Materials expects to dedicate metal production capacity to its own finished magnet manufacturing rather than external precursor sales.
10X construction and capital spending MP Materials spent $230.3 million on capital expenditures during the second quarter, with more than 60% directed toward the Magnetics segment. The company acquired the 10X site for approximately $80 million during the quarter, bringing year-to-date capital spending to $308 million as of June 30. It maintained full-year capital expenditure guidance of $500 million to $600 million.
Construction at 10X is advancing, with foundation work underway and long-lead equipment ordered. Litinsky said during closing remarks that the company had received confirmation it was “officially vertical” at the site.
MP Materials ended the quarter with $1.45 billion in cash and short-term investments. Corbett said the balance sheet, together with anticipated improvement in operating cash flow from increasing oxide and magnet sales, fully funds the company’s long-term capital plan.
Litinsky also discussed Project Swarm, an initiative intended to aggregate and standardize future magnet demand among U.S. and allied drone manufacturers. The company said it has signed subscription agreements with several participants and views the program as a way to provide emerging autonomous-system companies access to future manufacturing capacity while retaining flexibility in product development.
About MP Materials (NYSE:MP)MP Materials Corporation operates as a vertically integrated producer of rare earth materials in North America. The company owns and manages the Mountain Pass Rare Earth Mine and Processing Facility in California, the only commercially viable rare earth mining and processing site in the United States. MP Materials extracts, separates and refines critical rare earth elements—such as neodymium, praseodymium, and cerium—which are essential inputs for permanent magnets used in electric vehicles, wind turbines, and various defense applications.
The Mountain Pass mine first began commercial rare earth production in the 1950s and was later operated by Molycorp until its bankruptcy in 2015.
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CEO SentinelOne Tomer Weingarten prodal 53 811 akcií za zhruba 1,1 milionu USD, ale šlo o automatický prodej kvůli daňové povinnosti z RSU. Nadále drží 1 840 586 akcií.
Tomer Weingarten, President and Chief Executive Officer of SentinelOne, Inc. (S +3.08%), sold 53,811 shares of Class A Common Stock on August 6, 2026, for a total value of ~$1.1 million, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$1.1 millionShares sold53,811Post-transaction shares (directly held)1,840,586Post-transaction value$38.21 millionTransaction value based on SEC Form 4 weighted average sale price ($20.08); post-transaction value based on August 06, 2026 market close ($20.76).
Key questionsWhat triggered this sale?
The transaction was mandated by the company's equity incentive plan to fund tax withholding liabilities resulting from the vesting and settlement of restricted stock units (RSUs). As an automated sell-to-cover event, the trade does not reflect a discretionary decision or a shift in the insider's investment outlook for the cybersecurity firm.How much equity does the CEO still hold in the company?
Tomer Weingarten continues to hold 1,840,586 shares directly, which represents approximately 0.55% of the company's total shares. This remaining direct position is valued at $38.21 million based on the August 6, 2026 market close; the insider also holds derivative securities.What has been the stock's recent performance trajectory?
As of the August 6, 2026 transaction date, the company's stock had generated a one-year return of 20%. The shares were sold at a weighted average price of $20.08, while the market closed at $20.76 on the day of the trade.Company OverviewMetricValueShare Price (as of market close 2026-08-06)$20.76Market Capitalization$7.2 billionRevenue (TTM)$1.0 billionNet Income (TTM)-$318.7 millionCompany SnapshotSentinelOne provides comprehensive cybersecurity solutions centered on its Singularity XDR Platform, an Extended Detection and Response data stack that integrates endpoint protection, endpoint detection and response, cloud workload protection, and IoT security capabilities powered by artificial intelligence.The company operates a subscription-based software-as-a-service business model, generating recurring revenue from enterprise and mid-market customers who license access to its unified security platform on an annual or multi-year basis.SentinelOne primarily serves large enterprises and mid-market organizations across the United States and internationally that require integrated, AI-driven security solutions to protect their endpoint, cloud, and IoT infrastructure from advanced cyber threats.SentinelOne is a global cybersecurity infrastructure software company with approximately 2,900 employees headquartered in Mountain View, California. The company has achieved $1 billion in trailing 12-month revenue while building a unified security platform that consolidates multiple protective functions into a single AI-powered system, differentiating itself in the competitive extended detection and response market.
With a market cap of $7.2 billion and year-over-year share price appreciation of 19.93%, SentinelOne demonstrates investor confidence in its platform consolidation strategy and market expansion potential.
What this transaction means for investorsCEO Tomer Weingarten’s August 6 sale of SentinelOne stock is not a cause for investor concern, considering it was executed to fulfill tax withholding obligations in connection with the vesting of RSUs. Moreover, Weingarten maintains a sizable equity stake in the company at 1.8 million directly-held shares, some of which have yet to vest, ensuring continued alignment with shareholder interests.
The disposition happened the day before SentinelOne stock hit a 52-week high of $21.51 on August 7. Shares are up as Wall Street has recognized the rising importance of cybersecurity today, driven by an escalating AI threat landscape and expanding defense budgets to protect infrastructure, as demonstrated by recent cyberattacks on water systems in 12 U.S. states.
SentinelOne reported 21% revenue growth to $277 million in its fiscal first quarter ended April 30. It expects sales to accelerate to a range between $289 million to $291 million in its fiscal Q2. This increase indicates the company is successfully capturing customers.
However, SentinelOne remains unprofitable. It posted a Q1 net loss of $76.2 million, although that’s down from the prior year’s $208.2 million in a sign that it’s getting costs under control.
Ondo Finance is marking a milestone for one of its earliest products, as its tokenized Treasury note, USDY, turns three with a market cap of $2.1 billion.
USDY, short for U.S. Dollar Yield Token, is a token backed by short-term U.S. Treasuries and bank deposits. According to Ondo, it now ranks among the top three tokenized Treasuries.
Tokenized Treasuries are blockchain-based versions of government debt that let holders earn yield onchain rather than through a traditional brokerage.
Ondo Finance is a company that builds tools to bring institutional-grade financial products onto public blockchains. It says USDY was one of the first signals that tokenization could reshape how financial products are issued, accessed, and used.
3 years of growth across 6 chainsUSDY tracks the value of the U.S. dollar, but its price typically sits slightly above $1 because the yield each unit earns is added back into the token, lifting its value over time.
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The reserves behind it are held in Treasury bills and bank demand deposits, both considered cash equivalents. Ondo says the token supports permissionless transfers and round-the-clock minting and redemption.
Trending on TheStreet Roundtable:What Wall Street expects from Circle, MARA, Galaxy earnings this weekMajor crypto exchange eyes IPO amid market slumpMorgan Stanley downgrades Circle, slashes price target by 64%Since launching in August 2023, USDY has expanded to run across six blockchains and now counts nearly 30,000 holders, according to Ondo.
The company says the token has seen $8.5 billion in transfer volume over the last three years.
The milestone reflects a broader push to move real-world assets onchain, a market where Ondo has positioned itself around institutional standards.
By keeping the token compliant while preserving the flexibility of blockchain-based transfers, Ondo is betting that tokenized Treasuries can serve both traditional finance and crypto users at once.
Doximity vyskočila poté, co vedení uvedlo, že AI Search přináší výnosy přesahující 10násobek nákladů na provoz. Tržby v 1. čtvrtletí fiskálního roku 2027 vzrostly o 7 % na 156,6 milionu USD.
Shares of Doximity (DOCS +32.62%) surged on Friday after management highlighted the remarkable returns it was beginning to realize on its artificial intelligence (AI) investments.
Image source: Getty Images.
Q1 results were just part of the story Doximity's revenue rose 7% year over year to $156.6 million in its fiscal 2027 first quarter, which ended on June 30.
Yet its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) fell 6% to $74.8 million. The digital networking, news, and telehealth platform for healthcare professionals is spending aggressively to develop its AI tools.
Those investments are beginning to pay off in a big way, according to CEO Jeff Tangney.
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Leaning into AI In an independent study of 24 clinical AI models, the company's AI assistant, Doximity Ask, was the top-performing U.S.-based model with the lowest clinical error rates and the highest safety ratings. Notably, Doximity Ask had significantly lower error rates than Anthropic's best model, Fable 5.
This superior performance is leading to sharply higher usage of Doximity's AI offerings.
"AI prompt volume was up more than 25% quarter-on-quarter, while our AI Scribe note-taking users grew a whopping 10x this July over prior," Tangney said during a conference call with analysts.
But what really caught investors' attention were Tangney's comments regarding the profit potential of Doximity's AI tools.
In terms of the economics of the usage, it's early days on our AI Search product, but I can tell you we're earning more than 10 times per search in revenue than it costs us to run that today.
10x certainly has a nice ring to it. And Tangney indicated that the returns would likely get even better from there.
Over time, we probably expect the overall AI cost, if anything, go down as models get more efficient.
Tangney's comments painted a picture of a lucrative, AI-driven future for Doximity, and investors bid up its shares as they rushed to grab a piece of it.
"We are leaning in as we see a once-in-a-generation opportunity to build the new AI age of medicine," Tangney said.
Virtuals Protocol na Robinhood Chain zviditelnil AI agenty: přes Robinscan lze vidět vesting, aktivitu týmových peněženek i roadmapy. Na síti už běží více než 5 600 agentů a za necelých 30 dní vybrala téměř 1,1 milionu USD na poplatcích.
Robinhood Chain went live in early July 2026 as an AI-native Layer 2 built specifically for tokenized financial services and real-world assets. Within weeks, Virtuals Protocol had made it one of the more interesting experiments in on-chain AI infrastructure, bringing its agent framework to a chain designed from the ground up for autonomous economic activity.
The integration means users can now create, fund, own, and deploy AI agents that interact directly with tokenized markets, all with verifiable on-chain records covering token vesting schedules, team wallet activity, and development roadmaps.
The numbers are moving fast More than 5,600 AI agents have launched on Robinhood Chain in fewer than 30 days. Collectively, those agents have contributed to an on-chain economy the protocol values at roughly $200 million. The chain has also collected nearly $1.1 million in fees over that same 30-day window.
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The agents are doing real work: automated trading, construction of custom tokenized asset indexes, and the kind of market-making activity that typically requires human desks or expensive proprietary software. Virtuals Protocol’s infrastructure standardizes how those agents communicate and transact with each other through its Agent Commerce Protocol, which sets rules for agent-to-agent interactions and secures the economic rails underneath them.
Why transparency is the actual story On Robinhood Chain, through Robinscan, users can inspect individual Virtuals agents and see their token vesting timelines, the transaction history of team wallets, and stated project roadmaps.
Virtuals Protocol initially launched on Base, Coinbase’s Ethereum Layer 2, before expanding its reach across multiple chains. The Robinhood Chain integration extends that multi-chain strategy to a network explicitly designed for financial services use cases.
The VIRTUAL token, which powers staking, fee payments, and governance within the Virtuals ecosystem, has seen a price jump of around 20% tied to integration milestones during July. Agents require VIRTUAL for certain operations, and governance decisions about protocol parameters flow through token holders.
What this means for the broader AI agent landscape The $200 million agent economy figure deserves some scrutiny alongside the enthusiasm. Early-stage crypto ecosystems frequently report headline numbers that reflect total value within the system rather than realized economic output. That said, the fee revenue, nearly $1.1 million in 30 days, is harder to inflate. Fees require actual transactions, and actual transactions require actual users doing something with actual assets.
For investors and builders watching this space, the Robinscan transparency tools are probably the most replicable part of the story. The standard Virtuals Protocol is setting for what an AI agent’s public record should look like may end up mattering as much as the agent count itself.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
As the crypto market continues to show mixed price actions, Hyperliquid's development team, Hyperlabs, stirred reactions across the crypto market following a recent unlocking of HYPE tokens.
According to recent data shared by crypto analytics platform Lookonchain, Hyperlabs has unlocked a total of 433,025 HYPE tokens and has been dumping them on major crypto exchanges.
Is Hyperlabs selling?Following HYPE's current trading price, the total amount of tokens unlocked by the team is worth over $23 million, drawing attention from market watchers.
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Although the massive unlocking of the tokens does not reflect a bearish signal, the move became concerning after the team began to deposit portions of the unlocked tokens to exchanges like OKX and Flowdesk.
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While deposits to exchanges potentially indicate an intention to sell, the move has sparked speculation across the crypto community, although the team has yet to give further details about the purpose of its move.
With the move perceived as being bearish for HYPE's potential price move, it appears that momentum is cooling after the rapid price surge seen earlier this week.
HYPE supply pumpsBy unlocking some of the Hyperliquid tokens into circulation, the team has added to the supply of HYPE available in the market and could create additional selling pressure amid the ongoing market volatility.
Nonetheless, there are suggestions that the team may not have sold the tokens it unlocked, as exchange deposits do not solely confirm that Hyperlabs has sold the assets.
Market analysts predict that there is a good chance the team may have deposited the tokens for liquidity management or other operational purposes.
Developer varuje, že prodej coinů z hard forku BIP-110 může spustit replay attack a nechtěně odčerpat skutečné BTC z peněženky. Držitelům se doporučuje s BTC nehýbat, dokud se řetězce jasně neoddělí.
The Bitcoin network is bracing for a potential minority chain fork this weekend, and the immediate risk isn’t just about price volatility—it’s about users accidentally draining their own wallets. A developer warning circulating ahead of the expected BIP-110 split makes clear that selling forked coins could inadvertently authorize transactions on the original Bitcoin chain, resulting in permanent loss of real BTC. The safest course, as outlined in the original report, is to do nothing until the chains are properly separated.
Unlike previous high-profile forks such as Bitcoin Cash, which shipped with strong replay protection, this minority chain apparently inherits Bitcoin’s transaction format without any mechanism to distinguish new chain operations from legacy ones. That means any signed transaction broadcast on the fork network to sell or move new coins can be captured and replayed on Bitcoin itself. The result: a user thinking they are only disposing of forked tokens could be emptying their BTC balance into an attacker’s address.
Why Replay Attacks Still Threaten Bitcoin Forks Replay attacks are not a new concept. They plagued the 2017 Bitcoin Cash split until wallets and exchanges implemented opt-in replay protection. The core problem is that if two chains share an identical transaction history, a valid signature on one chain remains valid on the other unless the transaction data is modified to include a chain-specific identifier. BIP-110 seems not to have addressed this, leaving the door open for a wave of opportunistic exploits as soon as trading begins on the new chain.
Exchanges that plan to list the forked asset face a delicate operational challenge. They must decide whether to credit customers with the new tokens and enable trading, knowing that any sell order from a user could trigger a cross-chain broadcast. Historically, platforms like Coinbase and Binance have taken a cautious stance with unprotected forks, often delaying support until replay safeguards are in place. The absence of such protections now shifts the burden entirely onto individual holders.
What You Should Do, and What Remains Unclear For the average Bitcoin holder, the instruction is simple: don’t move coins. Don’t attempt to claim, sell, or transfer the forked tokens from any wallet that also holds real BTC. Even advanced users who understand transaction structure could fall victim if the wallet software does not enforce replay prevention at the protocol level. The safest play is to wait for clear separation signals, such as the introduction of a unique chain ID or a software update from major wallet providers.
What remains uncertain is whether the minority chain will attract enough liquidity or exchange support to matter. Forked coins without replay protection often fade quickly because the risk of loss discourages legitimate trading. If the chain fails to gain traction, the replay risk might never be fully tested. However, if a single exchange lists the new asset and users start trading, the vulnerability becomes instantly exploitable. That timing uncertainty is what makes the coming days critical.
Broader market participants are watching for any sign of disruption to Bitcoin’s settlement layer. While Bitcoin itself is unlikely to face fundamental security threats, a high-profile replay incident could shake confidence among institutional custodians and delay integration plans for new protocols. The episode also reinforces the need for standardized replay protection in any future upgrade proposal that might create a parallel chain, intentional or not.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
XRP Ledger vydal verzi 3.3.0 s návrhem On-Chain Cosigner pro nativní multisig a s balíkem oprav chyb fixCleanup3_3_0. Některé dříve aktivní změny se zároveň staly trvalou součástí protokolu.
This week, the team behind XRP Ledger introduced version 3.3.0, delivering a set of significant updates focused on network security and transaction management. The update includes the On-Chain Cosigner proposal and key bug fixes under the fixCleanup3_3_0 amendment.
The newly submitted On-Chain Cosigner proposal allows for native multi-signature capabilities on the XRP Ledger. This addition is designed to streamline on-chain coordination for transactions, enabling users to create and collect multi-signature proposals within the protocol itself. These improvements aim to foster more secure and efficient transaction approval processes, reducing the risk of single points of failure in transaction authorization.
The On-Chain Cosigner proposal brings native multi-signature proposal and collection to XRP Ledger, making on-chain transaction coordination more straightforward for users seeking additional security and control.
Key features in XRP Ledger v3.3.0XRP Ledger version 3.3.0 integrates the fixCleanup3_3_0 amendment, a bundle of amendment-gated bug fixes. This package unifies freeze and deep freeze checks for transfers involving pseudo-accounts in a range of transactions, including VaultDeposit, VaultWithdraw, AMMDeposit, AMMWithdraw, LoanBrokerCoverDeposit, and LoanBrokerCoverWithdraw.
Additionally, the fixCleanup3_3_0 amendment resolves issues related to hybrid offers being removed from the open order book if the originating account loses access to a permissioned domain. It also addresses Automated Market Maker (AMM) liquidity being factored into quality estimates for permissioned decentralized exchange order books, ensuring that market data remains accurate and reliable.
Further upgrades within this release target precision and rounding errors in Single Asset Vaults and the Lending Protocol, as well as several other bug fixes intended to improve overall performance and consistency on the ledger.
Protocol amendments and ecosystem enhancementsWith version 3.3.0, XRP Ledger makes a number of previously active amendments permanent parts of the protocol. The amendments retired in this release include Clawback, fixDisallowIncomingV1, fixInnerObjTemplate, fixNFTokenReserve, and fixUniversalNumber. According to developers, this step essentially solidifies these features, reinforcing security and regulatory compliance throughout the project’s codebase.
The update comes at a time of growing interest in advanced on-chain transaction technologies and interoperability. Market participants continue to seek platforms that can natively support secure, multi-signature workflows, automated liquidity management, and enhanced asset diversity.
For those following developments in cross-market asset integration, solutions such as 1stepSwap have been gaining traction. 1stepSwap is a highly practical platform that breaks down the barriers between traditional finance and the crypto world. By transferring real-world assets (RWAs) directly onto the blockchain, it allows users to access shares of major U.S. companies and commodities like gold and silver through their wallets, without complex intermediaries. Its standout feature is the ability to identify the best prices across the market at any moment, enabling near-instant trades at highly competitive rates while supporting portfolio diversification.
The combination of updated ledger features and expanding market options has the potential to enhance user experience and broaden the decentralized finance ecosystem surrounding $XRP.
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.
Grayscale v první polovině roku 2026 snížil držbu XRP z více než 122 milionů na zhruba 55 milionů tokenů. Podle podání prodal XRP za více než 67 milionů USD.
Grayscale has sharply reduced its XRP holdings, with its balance dropping by more than half in the first six months of 2026. According to figures shared by crypto analyst Steph Is Crypto, the investment trust reported approximately 55 million XRP in its portfolio as of June 30, compared with over 122 million XRP at the end of December 2025.
Grayscale’s XRP sales and portfolio shiftSteph Is Crypto highlighted that Grayscale sold over $67 million worth of XRP across the period, marking a substantial decline in institutional exposure to the asset. The trust’s financial filing indicates a total reduction of roughly 67.2 million XRP, leaving its holdings at less than half their value from six months earlier.
At the close of 2025, the fair value of Grayscale’s XRP portfolio exceeded $223 million based on a token price of $1.83. By mid-2026, however, the price per XRP had declined to $1.04, and the trust’s holdings were valued at about $57.4 million.
Transaction records within the filing note several activities behind these changes, including tokens redeemed, distributions for the sponsor’s fee, and both realized and unrealized shifts in asset value.
Grayscale has sold over $67 million worth of XRP, cutting its holdings by more than 50%, according to a post by Steph Is Crypto analyzing the trust’s financial statement.
XRP community members and observers reacted to the data and raised questions about market sentiment. Some, like Rick Wilson, have suggested that large-scale institutional exits may follow periods of deteriorating asset performance, with potential losses impacting ETF investors specifically.
Wilson interpreted XRP’s struggle to rebound from its recent lows as a sign of ongoing pressure, though the filing itself does not confirm a universal loss for all holders or guarantee further declines. Instead, it presents a snapshot of Grayscale’s shifting strategy, not the entire ETF landscape.
Another participant, DAMAGE, stated that Grayscale had already sold approximately $180 million in XRP at the beginning of 2026, but continues to hold a sizable stake of 55 million XRP.
Some investors interpreted Grayscale’s significant reduction as an indication of broader institutional caution towards XRP, although the filings show remaining sizable holdings and ongoing portfolio management activities.
Details from the trust’s financial filingThe official report details how Grayscale’s XRP balance declined from over 122 million at the end of 2025 to about 55 million by mid-2026. The fair value assessment is based on pricing provided by Coinbase at 4 p.m. New York time, which the trust identifies as its principal market source.
These developments come as XRP continues to trade below its 2025 year-end levels, reflecting challenging conditions in the broader altcoin market. Against this backdrop, effective portfolio monitoring and market data integration are increasingly critical for both institutional and retail investors. Tools like CryptoAppsy, which merges real-time prices, detailed charts, multi-currency portfolio management, and smart price alerts on a single screen, have become popular with those looking to track fast-moving developments, discover new altcoin listings, and stay updated with macroeconomic shifts such as Federal Reserve interest rates.
While Grayscale’s activity signals an adjustment in its approach to XRP, the investment firm’s remaining holdings still reflect a significant position. The market continues to watch how both Grayscale and other major investors respond to evolving digital asset trends in the upcoming quarters.
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.
Ethereum remained stable above the $1,900 mark, consolidating between $1,910 and $1,918 in recent sessions. Following a steady climb over the past week, the digital asset preserved its position above the key psychological level, supported by consistent demand and positive market sentiment.
Key technical milestones and investor sentimentThroughout early August, buyers repeatedly defended the $1,840 to $1,850 range, preventing any sustained downward move. Over the last seven days, ETH advanced over 4%, and managed to remain above pivotal moving averages. Specifically, Ethereum now trades above its 20-day moving average at $1,895, its 50-day MA at $1,796, and its 100-day MA at $1,911, though it remains under the 200-day MA situated at $2,061.
Market indicators point to continued bullish momentum. The daily Bull Bear Power index moved into positive territory at 32.07, suggesting a moderate advantage for buyers. The 4-hour Relative Strength Index currently measures 61.74—comfortably above its own signal line, although still below the 70 level that would indicate overbought conditions. Technical observers have identified $2,000 as the primary area of resistance in the near term, with $1,900 marking a key dividing line for trader sentiment.
Market analyst Ted Pillows addressed Ethereum’s recent performance, commenting that spot ETH ETFs collectively accumulated $244.94 million this week—representing the strongest net inflows over the past four months. He noted that despite delays in Clarity Act proceedings, Ethereum remains on solid footing.
The analyst argued that as long as ETH holds its position above $1,900, the market could see a renewed push toward the $2,000 level.
ETF inflows and macroeconomic impactSpot Ethereum ETFs in the United States reported net inflows of $92.15 million on August 6 alone. BlackRock’s ETHA product was the largest contributor, bringing in $50.34 million in a single session. Overall, cumulative net inflows into US-based spot ETH ETFs have exceeded $11.4 billion, underlining robust institutional demand.
Fueling this sentiment, US employment data released on Friday amplified risk appetite in the broader financial markets. The US economy shed 23,000 jobs in July, in sharp contrast to forecasts suggesting an increase of around 80,000. The unemployment rate slipped to 4.1%, beating expectations. These figures have lowered the chances of an additional Federal Reserve rate increase, with futures markets now pricing in about a 56% chance that policymakers will hold rates steady at the next meeting.
Observers noted that disappointing job numbers have softened the outlook for further tightening, which has lent support to risk assets, including cryptocurrencies such as ETH.
Ethereum’s position above multiple key technical levels and continued strong ETF inflows suggest that the asset remains in a favorable environment, especially as macroeconomic conditions reduce the likelihood of stricter monetary policy.
As market participants monitor short-term resistance at $2,000, new solutions continue to remove traditional barriers between asset classes. 1stepSwap stands out with its ability to transfer real-world assets directly onto blockchain, allowing direct access to leading US equities and major commodities like gold and silver through users’ own wallets, without added intermediaries. The platform’s core advantage lies in aggregating market data to source the best prices within seconds, enabling fast transactions and allowing investors to diversify portfolios efficiently.
Liquidation data and future outlookAccording to the latest three-day liquidation heatmap, leveraged positions are concentrated near $1,925, with heavier clusters between $1,945 and $1,955. Persistent upward momentum in ETH could lead to forced liquidation of short positions if price action breaches these levels, possibly accelerating movement toward $1,950.
At the close of Friday’s session, Ethereum settled just below the $1,920 mark, with the $1,900 threshold serving as critical near-term support and $2,000 representing the next technical hurdle. Analyst Michaël van de Poppe has indicated that ETH may outperform Bitcoin should BTC maintain its positive trajectory, with a longer-term ETH target of around $2,400—conditional on a clear break above both $2,000 and the 200-day moving average.
Observers widely agree that near-term momentum hinges on ETH’s ability to sustain its price above $1,900. Price action around $2,000 will be closely watched as a signal for the next stage of the trend.
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.
Spot Bitcoin ETF zaznamenaly nejlepší týden od poloviny dubna, když v prvním plném srpnovém týdnu přiteklo 853,54 milionu USD. BTC zároveň stoupl z 62 200 USD na 65 400 USD.
Meanwhile, the spot Ethereum ETFs extended their consecutive weekly streak to five in a row.
After a shaky July in terms of ETF performance, the Bitcoin funds started August with a bang, attracting more than $800 million in the first full week of the month.
This coincided with the underlying asset’s price revival, as BTC jumped from a monthly low at $62,200 on Monday to over $65,000 on Friday.
Best Week Since Mid-April July began with big hopes as investors pulled out more than $2.4 billion out of the spot Bitcoin ETFs in May and another $4.5 billion in June. Although there were many good days throughout the seventh month of the year, it ultimately ended with a more modest net inflow of $172.43 million. Thus, it lost the July inflow war to Ethereum.
The funds attracted nearly that amount on August 3 alone, pulling in $170 million. Another $211.49 million followed on Tuesday, $244.42 million on Wednesday, $128.69 million on Thursday, and $98.85 million on Friday. Thus, the perfect all-green week was complete, and the end number stands at $853.54 million, which is actually more than all four previous weeks combined.
Moreover, it’s the best single-week performance since mid-April, when the funds were on a roll, gaining nearly $1 billion at one point. It’s also the third-best of the year, as the record still belongs to the week that ended on January 16, when the ETFs attracted $1.42 billion.
Bitcoin ETF Flows. Source: SoSoValue The past week has been quite positive for BTC’s price performance as well. Perhaps fueled by the ETF inflows, the asset rose from $62,200 on Monday to $65,400 on Friday after the weaker-than-expected US jobs data.
ETH ETFs Extend Streak Unlike the spot Bitcoin ETFs, the Ethereum counterparts didn’t have a full red week in July, ending the month with $365 million in net inflows. Their first in August has been quite impressive as well, attracting almost $245 million.
You may also like: Italy’s Biggest Bank Cuts IBIT Exposure by 94% While Buying More Staked Ethereum BTC vs ETH vs XRP: Which ETFs Attracted the Most Money on Monday? Crypto ETF Recap: Ethereum Still Outpaces Bitcoin, but Cracks Are Emerging The start of the week wasn’t as promising as investors pulled out $11.42 million. However, they changed their tune during the other four trading days, inserting $53.75 million on Tuesday, $60.86 million on Wednesday, $92.15 million on Thursday, and $49.60 million on Friday. Thus, the cumulative net inflows have increased from $11.21 billion last week to $11.46 billion.
Spot Ethereum ETF Flows. Source: SoSoValue ETH’s price has also climbed by around 3% weekly, currently trading well above $1,920 after it dipped toward $1,800 on Monday.
Člen komunity Dogecoin Mishaboar znovu varoval držitele DOGE před bezpečností peněženek a doporučil hardwarové peněženky před softwarovými. Po exploitu Coldcardu bylo potvrzeno odcizení 111 milionů USD.
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In a recent post, vocal Dogecoin community member Mishaboar urges the DOGE community to rethink wallet security.
Mishaboar began his message to the community by saying, "Dear Dogecoin, one more time," emphasizing his repeated security warnings since the start of August following the Coldcard exploit.
Dear Dogecoin,
one more time.
A good hardware wallet is designed to keep your seed/keys inside a dedicated chip, isolated from the internet.
A software wallet runs on your always connected computer or phone. Your keys are stored on that same complex, exposed machine. pic.twitter.com/TErRZcfv6b
— Mishaboar (@mishaboar) August 8, 2026 Deemed the third-largest crypto hack of 2026, $111 million has been confirmed stolen in the Coldcard exploit, accounting for 1,719 BTC stolen from victims, according to the latest Galaxy Research report. The losses might reach up to $130 million, Galaxy Research noted, with some coins yet to be confirmed.
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A firmware bug from March 2021 weakened seed randomness on some Coldcard wallets, cutting key strength from 128 bits to as little as 40, a level brute-forceable without physical access, with attackers draining wallets since July 30, 2026.
In this context, Mishaboar has consistently provided tips on how to improve wallet security to safeguard users' assets and funds.
Hardware v. software walletsIn his recent X post, Mishaboar highlighted differences between hardware and software wallets. According to him, a good hardware wallet is designed to keep seeds/keys inside a dedicated chip, isolated from the internet. A software wallet, on the other hand, runs on an internet-connected computer or phone; keys are stored on this same complex, exposed machine.
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Mishaboar highlighted the risks associated with smartphone wallets. Even though modern phones have dedicated secure hardware and the phone manufacturer might provide excellent security primitives, it is difficult to ascertain whether the wallet developer made good use of these or not; how keys are actually protected depends on the wallet's implementation.
Mishaboar believes that a software wallet is a separate implementation with risks that are impossible for ordinary users to assess: faulty seed generation, backdoors, information leaks, malicious updates, insecure backups, or obscure derivation paths.
While smartphone wallets can be useful as hot wallets for limited funds, payments, trading, or interacting with smart contracts, they should not be used for long-term savings.
T. Rowe Price zařadila do svého aktivně řízeného krypto ETF i memecoiny, včetně dogecoinu, jako součást disciplinované strategie. Fond drží 1,26 % v DOGE a přibližně 60 % v BTC a ETH.
T. Rowe Price head of digital assets Blue Macellari at Consensus Miami. (CoinDesk)Summary
T. Rowe Price says including established memecoins in its actively managed crypto ETF is part of a disciplined investment strategy, not a bet on internet hype.Digital assets chief Blue Macellari argues memecoin trading serves as a real-world stress test for blockchain networks, offering insights into scalability and reliability.The $1.9 trillion asset manager expects crypto ETFs to evolve beyond bitcoin into actively managed, sector-specific and multi-token funds as the market matures.When $1.9 trillion asset manager T. Rowe Price launched the industry's first actively managed multi-token spot crypto exchange-traded fund (ETF) in July, investors expected to see familiar names like bitcoin BTC$64,927.63, ether ETH$1,914.09 and solana (SOL) in the portfolio. What surprised many was another category of holdings: memecoins.
For Blue Macellari, T. Rowe Price's head of digital assets and lead portfolio manager for the T. Rowe Price Active Crypto ETF (TKNZ), the decision wasn't about chasing internet hype. It was about building what she described as a complete representation of the crypto market.
Macellari said active management means judging each eligible token on its investment merits, not dismissing it because of its reputation. If an established memecoin has strong momentum or could improve the portfolio, she said, excluding it on principle could leave investors on the sidelines.
“We wanted true active management,” she said. “I’m not going to stand on principle and say, ‘I’m going to be an intellectual snob,’ and if a memecoin performs, my investors aren’t going to participate.”
The Baltimore-based asset manager launched TKNZ as the industry's first actively managed multi-token spot crypto ETF. Unlike traditional spot bitcoin or ether ETFs, the fund gives managers discretion to adjust holdings across a basket of cryptocurrencies based on research, market conditions and risk management. It currently carries a 0.75% management fee under a temporary fee waiver through May 2027.
For many investors, memecoins remain synonymous with speculation. Macellari argued that view overlooks the role established memecoins play within blockchain ecosystems.
"These are established memecoins," she said. "These are tokens that have been around for years and are among the largest crypto assets by market capitalization."
The ETF so far only lists one memecoin, dogecoin DOGE$0.07092, as part of its rotation, which currently makes up 1.26% of the fund. The majority, roughly 60% of the fund is in BTC and ETH with the third largest allocation being Binance Coin BNB$593.50.
Beyond that, Macellari believes memecoin trading provides valuable information about the health of blockchain networks.
"When we look at a chain that has had a memecoin season, it's the closest we can get to seeing a true stress test of a network," she said. "To support that kind of activity, a chain has to deliver near-instant settlement, low transaction costs and remain reliable even during periods of congestion."
That testing has implications beyond speculative trading. As stablecoins move further into mainstream finance, networks will need to handle everything from multi-million-dollar transfers to everyday consumer payments.
"It needs to be cost-effective to send $100 million in stablecoins," Macellari said. "But it also needs to be cost-effective to send $3."
The fund's active approach also reflects T. Rowe Price's broader investment philosophy. Unlike many ETF issuers that simply track market-cap-weighted indexes, the firm believes crypto requires active security selection.
"We think good judgment and good decision making and active management probably matters more in crypto than any other asset class," Macellari said.
Rather than simply buying the largest cryptocurrencies, the team evaluates assets using three layers of analysis: blockchain technology and token economics, ecosystem growth and adoption, and market momentum.
"You can be right on the fundamentals," she said. "But if crypto Twitter doesn't see it or doesn't agree with you, you kind of stand in their way at your peril."
Building beyond one ETFMacellari says TKNZ was designed as a "grow-with-me" product that can expand as the regulatory landscape evolves. The ETF currently invests in between five and 15 cryptocurrencies, but its eligible universe is expected to grow as additional assets meet the Securities and Exchange Commission (SEC) generic listing standards.
Those listing standards, finalized last year, were one of the key reasons T. Rowe Price waited until now to launch.
"Up until the SEC put out the generic listing standards, you didn't have the tools to make a multi-token ETF where the investable universe could expand over time," she said.
Looking ahead, Macellari expects the crypto ETF market to become increasingly specialized. Rather than a handful of broad-market products, she envisions funds focused on large-cap cryptocurrencies, emerging digital assets and individual sectors.
"I think we'll start to see differentiation," she said. "You could have large-cap blue-chip crypto. You could have small-cap emerging crypto. We could very well see sector funds."
T. Rowe Price isn't trying to compete directly with firms like BlackRock in passive crypto investing, Macellari added. Instead, the firm's focus remains on delivering active portfolio management in an asset class where leadership can shift quickly.
"What we're doing is very much our lane," she said. "If we see places where active management can really add value for clients, then we'll pursue that."
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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ADA futures na CME 9. srpna dokončí šest měsíců obchodování, což může otevřít rychlejší cestu k posouzení spotového ETF od Grayscale. ADA mezitím za posledních sedm dní vzrostla o více než 20 %.
Cardano’s ADA is entering a key week for its U.S. ETF. CME’s regulated ADA futures are set to complete six months of trading on 9 August, potentially opening a faster SEC review path for Grayscale’s pending spot Cardano ETF.
Perhaps the milestone comes as ADA also leads major altcoins with a strong 20% weekly rally.
What 9 August Means for the ADA ETFCME Group launched ADA futures on 9 February, 2026, giving Cardano a regulated futures market under a CFTC-supervised venue.
That launch is now becoming important because the SEC’s generic listing standards allow a crypto asset to qualify for a spot ETF if it has traded on a regulated futures market for at least six months.
August 9 marks the end of those six months, removing one of the key eligibility hurdles for a spot Cardano ETF. However, this does not mean an ETF will be approved on that date.
If an application moves forward after 9 August, a 75-day review period would point to October 23 as a potential decision window.
Grayscale’s GADA Filing Adds to ADA ETF OptimismGrayscale is already moving ahead with its Cardano ETF plans. The asset manager has filed for the Grayscale Cardano Trust ETF (GADA), which would hold ADA directly and track its market price.
This makes the August 9 milestone even more important.
With the six-month futures requirement met and an ETF application already on file, Cardano could move one step closer to a spot ETF if the SEC begins reviewing eligible applications.
ADA Security Issue Could Delay ETF ApprovalThe six-month CME milestone removes one major hurdle, but it does not solve every regulatory issue surrounding Cardano.
The SEC previously named ADA in its 2023 lawsuits against Coinbase and Binance, arguing that the token could qualify as a security. That uncertainty remains an important risk for any spot ADA ETF filing.
Grayscale’s filing also highlights the risks linked to future regulatory changes. A different legal classification could affect how an ADA based investment product operates.
Therefore, the CME milestone improves Cardano’s ETF case, but it does not guarantee that the SEC will approve the product.
ADA Rally Adds Fuel to ETF ExpectationsAs of now, ADA was trading near $0.1985, while it has surged over 20% in the last seven days, making it one of the strongest performers among major cryptocurrencies.
Whale activity has added another bullish signal. Research from 10x Research indicated that large holders accumulated more than 240 million ADA within five days.
ADA was also trading above its seven-day and 30-day moving averages, suggesting that short-term momentum had improved.
The timing is notable because traders are now watching whether the ETF narrative can support the recent price recovery.
Story Ends Here
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Nebius obchoduje zhruba za 55násobek tržeb, ale toto ocenění podle článku předpokládá, že firma splní letošní výhled tržeb 3 až 3,4 miliardy USD a výstupní roční tempo tržeb 7 až 9 miliard USD.
Nebius Group (NBIS -1.01%) carries a market capitalization of about $48.6 billion. Over the past 12 months, the company collected $877.9 million in revenue.
Divide one by the other and the stock trades at roughly 55 times sales -- the sort of multiple usually attached to a software business. Nebius buys graphics processors by the billion and signs power contracts by the gigawatt.
But the trailing figure in that fraction is doing something odd. In the first quarter, group revenue rose 684% year over year to $399 million. Revenue at the Nebius artificial intelligence (AI) cloud business alone rose 841% year over year to $390 million, up 82% from the previous quarter.
In other words, the past 12 months include periods when this company was a small fraction of its current size. The denominator describes a business that no longer exists. So what is the price actually assuming?
Image source: Getty Images.
A trailing figure the company has already outgrown The measure Nebius points investors toward is annualized run rate, which it calculates by taking the last month of a quarter's AI cloud revenue and multiplying by 12. That figure reached $1.9 billion at the end of March. It was $1.25 billion at the end of December, and it is up 674% year over year.
Management guides for group revenue of $3 billion to $3.4 billion this year and a run rate of $7 billion to $9 billion exiting the year. It also expects a group adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of about 40%.
That last figure is not much of a stretch from where the business already sits. After all, the AI cloud business ran at a 45% adjusted EBITDA margin in the first quarter, though the group came in at 32%, dragged by two much smaller units.
Now measure the market capitalization against those numbers instead of the trailing ones. About $48.6 billion against $3.2 billion of 2026 revenue at the midpoint is roughly 15 times this year's sales. Against $8 billion of exit run rate, it is about six times.
Six times a run rate is a price investors can argue about. It isn't a number that requires believing the company can do something it has never done.
That is what the 55 is really assuming: that the guidance lands more or less as given.
The cost of getting there Getting there is the expensive part, and it is where I'd slow down.
Nebius has contracted more than 3.5 gigawatts of power and raised its year-end target to more than 4 gigawatts. However, contracted power isn't power that earns revenue. Management expects 800 megawatts to 1 gigawatt of connected power by the end of this year.
So roughly a quarter of what has been contracted may be running by December. The rest arrives in 2027 and beyond.
Building it out costs $20 billion to $25 billion in capital expenditures this year alone. Nebius spent about $2.5 billion in the first quarter and ended March with $9.3 billion in cash, after securing $6.3 billion during the quarter through convertible notes and an equity investment from Nvidia.
The gap between the cash on hand and the spending plan gets closed by upfront customer payments and more debt and equity. In July, Nebius raised $775 million in its first senior secured debt facility, backed by deployed chips and contracted cash flows. Of course, the reason lenders keep showing up is the contracted revenue behind it, including a second agreement with Meta Platforms worth up to $27 billion.
Depreciation is the piece adjusted EBITDA leaves out, and for a business like this it isn't a footnote -- it is the cost of the product.
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If the full $25 billion went to equipment depreciated over five years, the annual charge would approach $5 billion once everything is in service. That is more than the roughly $3.2 billion of annualized adjusted EBITDA implied by $8 billion of run rate at a 40% margin.
So the price assumes the $7 billion to $9 billion run rate arrives. Then it assumes another leg of growth on top of that, large enough to carry the depreciation on everything now under construction.
The first part looks achievable to me. The second depends on contracts beyond those already signed, and it is being funded with a mix of customer payments, debt, and equity.
Nebius reports second-quarter results before the market opens on Wednesday, Aug. 12. The two figures I'd read first are the run rate and the capital spending. If the run rate is tracking toward the guided range while spending stays inside the $25 billion ceiling, the case arguably holds together.
Manulife Financial ve 2. čtvrtletí zvýšila core earnings o 12 % a core EPS o 16 %, podpořené růstem pojistných prodejů a zpětnými odkupy akcií. Zároveň oznámila třetí zajišťovací transakci na dlouhodobou péči s Munich Re za tři roky.
5 Undervalued Stocks To Secure Your High Yield PortfolioManulife Financial NYSE: MFC reported second-quarter 2026 results marked by double-digit growth in insurance sales, higher core earnings and continued capital returns, while also announcing a third long-term care reinsurance transaction in three years.
President and Chief Executive Officer Phil Witherington said annualized premium equivalent, or APE, sales increased 21% from a year earlier, supported by double-digit growth in each insurance segment. New business contractual service margin rose 16%, while the company’s total CSM balance increased 20%.
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3 High Short Interest Stocks that Investors are Getting WrongCore earnings rose 12% year over year and core earnings per share increased 16%, helped by ongoing share repurchases. Manulife reported core return on equity of 16.3%, up 130 basis points from the prior-year quarter. Net income totaled CAD 2.1 billion, exceeding core earnings as higher-than-expected public equity returns more than offset lower-than-expected returns on alternative long-duration assets.
Asia and wealth management drive growth Asia remained a major source of growth. Core earnings in the region increased 21% to a record level, while APE sales rose 21%, led by double-digit gains in Hong Kong, Singapore and Japan. Hong Kong APE sales climbed 37%, reflecting higher savings-product sales across distribution channels, according to Chief Financial Officer Colin Simpson.
Manulife Asia President and CEO Steve Finch said the company’s Hong Kong business remained diversified, with its domestic franchise accounting for about 75% of year-to-date sales. Mainland Chinese visitor, or MCV, business represented about 25% of sales, though that mix can vary by period.
Analysts asked about potential effects from Chinese regulatory and tax enforcement developments involving offshore insurance policies and investments. Finch said it was too early to assess implications, but he did not expect mainland Chinese visitor sales to go to zero and said any near-term impact would be manageable. He added that Manulife expects the longer-term trend of mainland Chinese customers accessing Hong Kong for products and services to continue.
Finch said Hong Kong’s second-quarter sales growth was driven principally by customer offerings and campaigns rather than accelerated purchasing ahead of regulatory changes. Growth in agency and bancassurance more than offset lower MCV sales year over year, he said.
In Global Wealth and Asset Management, Manulife recorded CAD 4 billion of net inflows, driven by institutional business and continued contributions from CQS and Comvest. The result was partially offset by outflows in North American retirement and retail channels. Global WAM core earnings rose 9%, while its core EBITDA margin expanded 110 basis points to 31.2%.
Simpson said retirement outflows reflected planned sponsor redemptions and higher member withdrawals associated with market-driven account appreciation. Retail outflows were primarily tied to active mutual-fund redemptions through third-party intermediaries in Canada, although trends improved sequentially.
Canada claims pressure offsets sales momentum Canadian APE sales increased 23%, led by higher large-case group insurance sales and continued strength in participating life insurance. New business CSM in Canada rose 29%, though new business value was largely flat due to lower margins and product-mix changes in group benefits.
Canadian core earnings declined 10% from the prior year, primarily because of unfavorable claims and expense experience in group insurance, as well as normal claims variability in individual insurance. Manulife said overall insurance experience improved modestly from the first quarter and expects it to trend toward neutral by the end of 2026.
Patrick Graham, President and CEO of Manulife Canada, said unfavorable morbidity experience has been driven largely by disability claims. About one-third of new disability claims are related to mental health, which he said can extend claim duration. The company is investing in earlier intervention, treatment access and specialized case-management teams intended to improve customer outcomes and support return-to-work efforts.
Graham also said Manulife’s group insurance business can be repriced annually. Witherington said the company has both the ability and intent to reprice if adverse experience persists.
In the U.S., APE sales rose 12%, supported by product enhancements and distribution expansion. Core earnings improved from the prior year as claims experience improved in life and long-term care and the expected credit loss provision charge declined. U.S. life claims remained unfavorable during the quarter but improved meaningfully from the prior year, while long-term care experience was favorable in both earnings and CSM.
Long-term care transaction reduces morbidity risk Manulife announced a reinsurance agreement with Munich Re covering an older-vintage standalone long-term care block. The transaction transfers biometric risk on CAD 3.2 billion of reserves through an 80% quota share arrangement, while Manulife retains the assets backing the business and their associated investment-management economics.
Witherington said the agreement represents a full transfer of biometric risk and has pricing similar to prior long-term care transactions, including a modest negative cede. The transaction is expected to be largely capital neutral because lower morbidity-risk capital requirements are offset by the release of the related risk adjustment and ceding commission. No assets are being transferred, meaning there is no capital benefit from asset disposal.
The company expects foregone core earnings of about CAD 30 million in the first year, declining as the block runs off. Including previous transactions, Manulife said it will have reduced long-term care morbidity risk by 24%.
Chief Actuary Stephanie Fadous said the retained long-term care block is somewhat younger and is expected to remain relatively stable before beginning to decline over the next five to 10 years. She said IFRS and statutory capital generation should begin around the same time. The newly reinsured block is more mature and has richer benefits, suggesting capital generation on the retained assets should occur sooner for that block.
Management said it intends to place greater emphasis on organic management of the remaining long-term care portfolio while retaining flexibility to pursue future transactions. Witherington said Manulife’s long-term care customer-care program has generated a current run rate of more than 6% in claims savings through measures including enhanced claims management and efforts to reduce fraud, waste and abuse.
Capital position and shareholder returns Manulife ended the quarter with a LICAT ratio of 136%, representing CAD 26 billion above its supervisory target ratio. Its financial leverage ratio was 22.2%, below its medium-term target of 25%.
Adjusted book value per share increased 15% year over year to CAD 41.12. Over the past 12 months, the company returned CAD 5.3 billion of capital to shareholders, including CAD 1.4 billion during the second quarter through dividends and share buybacks.
Management said its current 2.5% share-repurchase program is consistent with reaching its target of core return on equity above 18%, without requiring an outsized buyback program. Simpson said Manulife expects its annual corporate result to fall within a CAD 300 million to CAD 400 million loss range, likely toward the higher end, reflecting softer property-and-casualty retrocession conditions and higher spending on central projects, particularly artificial intelligence.
About Manulife Financial (NYSE:MFC)Manulife Financial Corporation is a multinational insurance and financial services company headquartered in Toronto, Ontario. Founded in the late 19th century as The Manufacturers Life Insurance Company, Manulife provides a broad range of financial products and services to individual and institutional clients. Its core businesses include life and health insurance, retirement and pension solutions, wealth and asset management, and group benefits.
In wealth and asset management, Manulife operates through Manulife Investment Management and offers mutual funds, segregated funds, institutional asset management, and retirement plan solutions.
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Centrus Energy ve 2. čtvrtletí zvýšil tržby o 14 % na 176,1 milionu USD a backlog vzrostl na 4,5 miliardy USD. Firma zároveň potvrdila výhled na rok 2026.
3 Nuclear Stocks for Investors Willing to Wait Out the DipCentrus Energy NYSE: LEU reported second-quarter 2026 revenue growth and expanded its commercial backlog as the company advanced plans to build U.S. uranium-enrichment capacity for low-enriched uranium, or LEU, and high-assay low-enriched uranium, or HALEU.
Revenue for the quarter ended June 30 rose 14% from a year earlier to $176.1 million. The company reported gross profit of $49.9 million, operating income of $10.4 million and net income of $16.8 million, or $0.77 per diluted share. Adjusted net income was $38.7 million, equivalent to $1.77 per diluted share.
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The Power Grid Is Dying—Is It Time to Buy Its Replacement?President and Chief Executive Officer Amir Vexler said the quarter benefited from demand growth across Centrus’ commercial LEU, national-security and HALEU markets. He said the company sees a growing imbalance between enrichment supply and demand, alongside continued increases in published LEU prices.
Backlog Reaches $4.5 Billion Centrus ended the quarter with a $4.5 billion backlog extending through 2040, including $3.7 billion in its LEU segment and $800 million in its Technical Solutions segment. The LEU backlog included $700 million of broker-dealer business and $3 billion in contingent LEU and HALEU enrichment sales.
3 Overlooked Nuclear Fuel Supply Chain WinnersChief Financial Officer Todd Tinelli said backlog growth was driven by an approximately $600 million increase in LEU and HALEU enrichment sales. Of the roughly $3 billion in enrichment backlog, $2.4 billion was under definitive agreements. The company said the backlog increase reflected commercial agreements and did not include Department of Energy awards.
Centrus said it has met all financial contingencies associated with its contingent LEU enrichment backlog, covering more than $3 billion in customer contracts. Vexler said this milestone reduces risk around the company’s multi-billion-dollar capacity expansion and could improve its position with utilities considering long-term enrichment supply arrangements.
Management said it expects the existing fleet of nuclear reactors to remain a core source of demand for LEU, while HALEU represents an incremental growth opportunity tied to advanced-reactor development. Vexler described HALEU as a potential source of near-term capital through customer prepayments.
DOE Award and HALEU Agreements Support Expansion During the quarter, Centrus signed a $900 million Department of Energy task order intended to support deployment of large-scale production capacity as part of its LEU and HALEU expansion. The company said the award provides non-dilutive, non-debt funding and represents a transition from its technology-demonstration work to a larger contract supporting commercial-scale production.
The company also said it completed all HALEU production requirements under its existing DOE demonstration contract two weeks ahead of schedule. Since beginning its HALEU Operations contract, Centrus has contractually produced nearly two metric tons of HALEU uranium hexafluoride for the government.
While new capacity from the expansion is expected to begin coming online in 2029, Centrus said it is working with the DOE on agreements that would allow it to operate the existing 16-centrifuge HALEU cascade commercially in the interim.
Separately, Centrus signed a letter of intent to supply HALEU to power up to five Oklo Aurora powerhouses for multiple years beginning in 2029. The company also announced a definitive HALEU off-take agreement with X-energy on the day of the earnings call. Management did not disclose delivery volumes, timing or commercial terms for the X-energy agreement.
Vexler said Centrus’ HALEU agreements generally include prepayments that will be further negotiated in future definitive agreements. He said the company intends to use such prepayments as another non-dilutive, non-debt source of expansion funding.
Segment Results and Spending The LEU segment generated $153.4 million in second-quarter revenue, up 22% from the prior-year period. Separative work unit, or SWU, revenue declined by $25.7 million as SWU volumes sold fell 23%, partly offset by a 3% increase in the average SWU price. Centrus also recorded $53.4 million in uranium sales during the quarter.
Technical Solutions revenue declined 21% to $22.7 million, primarily because of a $5.9 million decrease in revenue from the HALEU Operations contract.
Net income fell from $28.9 million a year earlier. Tinelli attributed the decrease primarily to a $12.8 million increase in selling, general and administrative expenses, including higher stock compensation, and a $7.5 million increase in advanced technology costs. Those factors were partly offset by an $8.3 million increase in investment net income.
Advanced technology costs included short-term, non-capitalized costs related to manufacturing readiness and security training for the company’s Piketon, Ohio, and Oak Ridge, Tennessee, expansion efforts. Tinelli said Centrus expects a certain level of these expenses to continue flowing through its income statement while preparations proceed.
Total capital spending was $82.2 million in the second quarter, including $71.6 million of capital expenditures and $10.6 million of non-capitalized advanced technology costs. Centrus expects spending to accelerate through the remainder of 2026. It finished the quarter with $1.9 billion of unrestricted cash and said it raised $53.9 million through its at-the-market equity program.
Guidance Maintained; Workforce Target Raised Centrus reaffirmed its 2026 guidance for total revenue of $450 million to $500 million and total capital spending of $350 million to $500 million. The company also continues to target finalized agreements with all suppliers it deems critical, release of a certified-for-construction package, and at least 100 net new employees at its Oak Ridge facility.
The company raised its Piketon hiring target to more than 175 net new employees in 2026, from a prior goal of more than 100. Centrus also expects to complete its first centrifuge at its Oak Ridge manufacturing facility during 2026.
Management said the Oak Ridge plant will manufacture centrifuges for shipment and installation at Piketon, where Centrus is preparing to begin enrichment operations. Vexler said the company’s target is to begin commercial production in 2029, while it continues to explore ways to compress timelines without providing a revised schedule.
Centrus plans to host its first investor day in December at its American Centrifuge plant in Piketon.
About Centrus Energy (NYSE:LEU)Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.
Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.
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Na Binance je nyní k dispozici 2,61 miliardy XRP, což zvyšuje prodejní tlak. XRP kvůli poklesu tržní kapitalizace na zhruba 64 miliard USD klesl na šesté místo mezi kryptoměnami.
Over 2.6 billion XRP tokens are now available for sale on Binance, according to data from CryptoQuant. This sharp increase coincides with a period of heightened selling pressure and declining prices for the cryptocurrency.
Sharp increase in XRP supply on exchangesXRP, developed by Ripple Labs as a digital payment protocol, has seen a significant rise in tokens available for trade on Binance, one of the world’s largest cryptocurrency exchanges. As of August 8, the XRP balance on Binance reached 2.61 billion coins.
CryptoQuant reported that this surge highlights an ongoing trend where more XRP tokens are being deposited onto exchanges than withdrawn. This pattern typically signals that investors are preparing to sell, driving up supply and potentially placing additional downward pressure on price.
Recent exchange activity pointed to a situation where more XRP tokens were moved onto trading platforms, suggesting a wave of holders looking to liquidate as market sentiment remained negative.
The increase in exchange supply has occurred alongside a period of uncertainty in the broader cryptocurrency market, further undermining investor confidence in XRP’s short-term outlook.
Mini dictionary: CryptoQuant, a blockchain analytics platform that provides real-time metrics and insights about cryptocurrency exchange reserves, on-chain activity, and investor sentiment.
Market cap drop pushes XRP out of top 4XRP’s market capitalization sank to approximately $64 billion after a steep fall in price over the past week. This decline has pushed XRP out of the top four cryptocurrencies ranked by market cap.
Binance Coin (BNB) has now overtaken XRP in the rankings, and the token currently sits behind both Tether (USDT) and USD Coin (USDC)—the two largest stablecoins by market value. As a result, XRP is now the sixth largest digital asset in the market.
CryptocurrencyPrevious RankCurrent RankMarket CapXRP46$64 billionBNB54N/AUSDT33N/AUSDC65N/ADespite the negative sentiment, XRP experienced a brief upward movement, momentarily rebounding to around $1.04. However, persistent volatility and increased selling indicate ongoing investor caution.
XRP’s rapid drop in price and the shift in rankings reflect both market-wide volatility and waning investor confidence in the asset’s immediate prospects.
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.
USDC za něco přes pět týdnů klesl v cirkulaci o zhruba 1,5 miliardy USD na 71,8 miliardy USD. Asi 1 miliarda USD odešla během jediného týdne, což naznačuje vlnu vykoupení.
USDC’s circulating supply has dropped from $73.3 billion at the end of June to roughly $71.8 billion as of August 6, a decline of approximately $1.5 billion in just over five weeks. About $1 billion of that evaporated in a single seven-day stretch during late July and early August, pointing to a concentrated wave of redemptions rather than a slow bleed.
The contraction comes at an interesting time for Circle, which just posted Q2 2026 earnings on August 5 showing $701 million in revenue. The stablecoin issuer is making more money than ever while its product literally shrinks.
Supply down, usage up USDC’s circulating supply is still up 19% year-over-year compared to Q2 2025 levels. A $1.5 billion drawdown against a $73 billion base works out to roughly a 2% reduction.
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USDC processed $14.8 trillion in on-chain transaction volume during Q2 2026, a 151% increase compared to the same quarter last year. That’s roughly equivalent to the annual GDP of the European Union moving through a single stablecoin’s rails in just three months.
Where did the money go? The accelerated pace of redemptions in late July and early August, with roughly $1 billion leaving in a single week, does suggest some urgency behind the outflows. Whether that urgency came from a single large redeemer or a coordinated shift across multiple participants isn’t clear from the data alone.
Circle maintains weekly reserve disclosures and monthly attestations from Deloitte, its auditor, confirming that reserves in cash and short-duration US Treasuries match or exceed the outstanding supply. As of the most recent disclosure, that relationship holds.
Circle’s business keeps growing The Q2 earnings release shows $701 million in revenue and reserve income. Circle is essentially running a money market fund that doesn’t share returns with its customers, earning yield on Treasury holdings while paying depositors nothing.
Circle extended its partnership with Coinbase through 2029. Coinbase earns a share of the reserve income in exchange for promoting USDC across its platform.
Circle also secured federal and state trust bank approvals during 2026, a move that positions the company favorably as US stablecoin regulation takes shape.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
CacheTech Inc. boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 28.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,333 shares of the software giant’s stock after acquiring an additional 5,592 shares during the period. Microsoft comprises about 1.8% of CacheTech Inc.’s portfolio, making the stock its 12th largest position. CacheTech Inc.’s holdings in Microsoft were worth $9,377,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp lifted its holdings in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. lifted its stake in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC boosted its position in Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Wealth Group Ltd. grew its stake in Microsoft by 1.2% in the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after purchasing an additional 28 shares during the last quarter. Finally, Eagle Capital Management LLC grew its stake in Microsoft by 0.4% in the fourth quarter. Eagle Capital Management LLC now owns 23,097 shares of the software giant’s stock valued at $9,735,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Wall Street Analyst Weigh In A number of equities research analysts recently commented on MSFT shares. Tigress Financial increased their target price on shares of Microsoft from $680.00 to $690.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Microsoft in a research report on Thursday, July 30th. Royal Bank Of Canada reiterated an “outperform” rating and set a $640.00 price objective on shares of Microsoft in a report on Thursday, July 30th. Dbs Bank lowered their price objective on Microsoft from $678.00 to $573.00 in a research report on Thursday, May 7th. Finally, Mizuho dropped their price target on Microsoft from $515.00 to $490.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th. Forty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $558.87.
Check Out Our Latest Analysis on Microsoft
Key Headlines Impacting Microsoft Here are the key news stories impacting Microsoft this week:
Positive Sentiment: Citi raised its Microsoft price target to $600. The upgrade follows Microsoft’s quarterly Azure performance, with analysts highlighting the 43% cloud-revenue increase and stronger-than-expected earnings as evidence that AI demand is translating into accelerating cloud growth. Citi Raises Microsoft Stock Target to $600 Positive Sentiment: Microsoft’s custom AI chips may improve cloud economics. CEO Satya Nadella said the company’s internally developed chips can deliver efficiency gains of up to 40%. Better cost and energy efficiency could help Microsoft support AI workloads while protecting Azure margins. Microsoft Custom AI Chips Improve Efficiency Positive Sentiment: Azure is expanding in India. Microsoft opened a major Hyderabad data-center region and is committing approximately $20.5 billion to its Indian cloud and AI operations. Early customers include Adani Group and HDFC Bank, supporting the case for long-term international Azure growth. Microsoft Opens Largest India Data Center Hub Positive Sentiment: Fundamentals and institutional support remain strong. Microsoft recently exceeded quarterly revenue and EPS expectations, while Bill Ackman’s Pershing Square holds a reported $2.4 billion MSFT position. Scotiabank also raised its fiscal 2027 EPS estimate and maintained an Outperform rating. Bill Ackman Microsoft Stake Neutral Sentiment: AI demand is powerful but concentrated. Reports suggest OpenAI may account for a substantial portion of Microsoft’s AI sales, creating both a major growth engine and customer-concentration risk. Microsoft’s large AI backlog also does not guarantee equivalent future profitability. Negative Sentiment: Spending, margins and valuation remain concerns. Rising data-center capital expenditures and lower cloud gross margins could pressure cash flow if AI infrastructure costs grow faster than revenue. After the sharp post-earnings rally, the stock is also more vulnerable to profit-taking or disappointing guidance. Negative Sentiment: Insider sales and securities litigation add headline risk. CEO Judson Althoff sold 10,000 shares for roughly $4.9 million, and multiple law firms are publicizing a securities class action with an August 11 lead-plaintiff deadline. These developments do not establish wrongdoing but may weigh on near-term sentiment. Insider Activity at Microsoft In other Microsoft news, CEO Judson Althoff sold 15,500 shares of Microsoft stock in a transaction on Monday, June 1st. The shares were sold at an average price of $460.99, for a total transaction of $7,145,345.00. Following the sale, the chief executive officer owned 110,477 shares of the company’s stock, valued at $50,928,792.23. The trade was a 12.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Amy Coleman sold 1,262 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $411.34, for a total transaction of $519,111.08. Following the transaction, the executive vice president owned 46,003 shares in the company, valued at $18,922,874.02. The trade was a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 38,572 shares of company stock valued at $17,775,330. 0.03% of the stock is owned by insiders.
Microsoft Stock Performance NASDAQ:MSFT opened at $499.99 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.23. The stock has a market capitalization of $3.71 trillion, a PE ratio of 27.84, a P/E/G ratio of 1.61 and a beta of 1.11. Microsoft Corporation has a fifty-two week low of $349.20 and a fifty-two week high of $553.72. The company has a fifty day moving average of $404.86 and a two-hundred day moving average of $406.96.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its earnings results on Wednesday, July 29th. The software giant reported $4.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.50. Microsoft had a net margin of 40.31% and a return on equity of 31.98%. The business had revenue of $90.01 billion for the quarter, compared to analyst estimates of $87.62 billion. During the same quarter last year, the business earned $3.65 earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, research analysts forecast that Microsoft Corporation will post 19.57 earnings per share for the current fiscal year.
Microsoft Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 20th. Microsoft’s payout ratio is presently 20.27%.
Microsoft Company Profile (Free Report)
Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.
Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).
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« PREVIOUS HEADLINEClal Insurance Enterprises Holdings Ltd Sells 1,015 Shares of Microsoft Corporation $MSFT
NEXT HEADLINE »CI Investments Inc. Sells 508,758 Shares of Microsoft Corporation $MSFT
CI Investments v 1. čtvrtletí snížila podíl v Microsoftu o 19,1 % a prodala 508 758 akcií. Po transakci držela 2 159 396 akcií v hodnotě 799,3 mil. USD.
CI Investments Inc. lowered its position in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 19.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,159,396 shares of the software giant’s stock after selling 508,758 shares during the quarter. Microsoft accounts for approximately 3.9% of CI Investments Inc.’s holdings, making the stock its 3rd biggest holding. CI Investments Inc.’s holdings in Microsoft were worth $799,344,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Microsoft in the fourth quarter worth approximately $50,664,631,000. Auto Owners Insurance Co increased its holdings in Microsoft by 56,160.8% in the 4th quarter. Auto Owners Insurance Co now owns 60,116,384 shares of the software giant’s stock valued at $29,073,486,000 after purchasing an additional 60,009,531 shares in the last quarter. Nuveen LLC purchased a new position in Microsoft in the 1st quarter worth approximately $18,733,827,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Microsoft by 500.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,543,261 shares of the software giant’s stock valued at $30,840,432,000 after purchasing an additional 49,618,571 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its holdings in Microsoft by 49,640.3% in the second quarter. Laurel Wealth Advisors LLC now owns 29,967,038 shares of the software giant’s stock valued at $14,905,904,000 after purchasing an additional 29,906,791 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Trading Up 0.0% NASDAQ:MSFT opened at $499.99 on Friday. The company has a market capitalization of $3.71 trillion, a P/E ratio of 27.84, a P/E/G ratio of 1.61 and a beta of 1.11. The stock’s 50 day moving average price is $404.86 and its 200 day moving average price is $406.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.23. Microsoft Corporation has a 52 week low of $349.20 and a 52 week high of $553.72.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its earnings results on Wednesday, July 29th. The software giant reported $4.74 EPS for the quarter, topping the consensus estimate of $4.24 by $0.50. The company had revenue of $90.01 billion during the quarter, compared to the consensus estimate of $87.62 billion. Microsoft had a net margin of 40.31% and a return on equity of 31.98%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.65 earnings per share. On average, research analysts forecast that Microsoft Corporation will post 19.57 EPS for the current fiscal year.
Microsoft Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a $0.91 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.7%. Microsoft’s payout ratio is currently 20.27%.
Insider Transactions at Microsoft In related news, CEO Judson Althoff sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $487.89, for a total value of $4,878,900.00. Following the completion of the sale, the chief executive officer directly owned 100,447 shares in the company, valued at approximately $49,007,086.83. The trade was a 9.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Amy Coleman sold 1,262 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $411.34, for a total transaction of $519,111.08. Following the completion of the sale, the executive vice president owned 46,003 shares of the company’s stock, valued at $18,922,874.02. The trade was a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 38,572 shares of company stock worth $17,775,330. 0.03% of the stock is owned by corporate insiders.
Key Stories Impacting Microsoft Here are the key news stories impacting Microsoft this week:
Positive Sentiment: Citi raised its Microsoft price target to $600. The upgrade follows Microsoft’s quarterly Azure performance, with analysts highlighting the 43% cloud-revenue increase and stronger-than-expected earnings as evidence that AI demand is translating into accelerating cloud growth. Citi Raises Microsoft Stock Target to $600 Positive Sentiment: Microsoft’s custom AI chips may improve cloud economics. CEO Satya Nadella said the company’s internally developed chips can deliver efficiency gains of up to 40%. Better cost and energy efficiency could help Microsoft support AI workloads while protecting Azure margins. Microsoft Custom AI Chips Improve Efficiency Positive Sentiment: Azure is expanding in India. Microsoft opened a major Hyderabad data-center region and is committing approximately $20.5 billion to its Indian cloud and AI operations. Early customers include Adani Group and HDFC Bank, supporting the case for long-term international Azure growth. Microsoft Opens Largest India Data Center Hub Positive Sentiment: Fundamentals and institutional support remain strong. Microsoft recently exceeded quarterly revenue and EPS expectations, while Bill Ackman’s Pershing Square holds a reported $2.4 billion MSFT position. Scotiabank also raised its fiscal 2027 EPS estimate and maintained an Outperform rating. Bill Ackman Microsoft Stake Neutral Sentiment: AI demand is powerful but concentrated. Reports suggest OpenAI may account for a substantial portion of Microsoft’s AI sales, creating both a major growth engine and customer-concentration risk. Microsoft’s large AI backlog also does not guarantee equivalent future profitability. Negative Sentiment: Spending, margins and valuation remain concerns. Rising data-center capital expenditures and lower cloud gross margins could pressure cash flow if AI infrastructure costs grow faster than revenue. After the sharp post-earnings rally, the stock is also more vulnerable to profit-taking or disappointing guidance. Negative Sentiment: Insider sales and securities litigation add headline risk. CEO Judson Althoff sold 10,000 shares for roughly $4.9 million, and multiple law firms are publicizing a securities class action with an August 11 lead-plaintiff deadline. These developments do not establish wrongdoing but may weigh on near-term sentiment. Wall Street Analyst Weigh In MSFT has been the subject of a number of research reports. HSBC decreased their price target on Microsoft from $593.00 to $571.00 in a research note on Thursday, April 30th. Phillip Securities downgraded shares of Microsoft from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, August 3rd. TD Cowen reissued a “buy” rating and issued a $540.00 price target on shares of Microsoft in a research note on Thursday, July 30th. Dbs Bank lowered their price objective on shares of Microsoft from $678.00 to $573.00 in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $640.00 target price on shares of Microsoft in a report on Thursday, July 30th. Forty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $558.87.
Check Out Our Latest Stock Analysis on Microsoft
Microsoft Company Profile (Free Report)
Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.
Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).
Featured Articles Five stocks we like better than Microsoft Datadog’s Drop Says More About Expectations Than Earnings D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus Solventum Nears Inflection Point As It Begins to Unlock Value Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).
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Aurora Investment Managers ve 2. čtvrtletí koupila novou pozici v Johnson & Johnson: 1 969 akcií za zhruba 500 000 USD. JNJ zároveň oznámila čtvrtletní zisk na akcii 2,90 USD a tržby 25,31 miliardy USD, obojí nad odhady.
Aurora Investment Managers LLC. bought a new position in shares of Johnson & Johnson (NYSE:JNJ – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 1,969 shares of the company’s stock, valued at approximately $500,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Johnson & Johnson by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 240,349,660 shares of the company’s stock worth $49,740,362,000 after acquiring an additional 3,731,074 shares in the last quarter. State Street Corp raised its position in Johnson & Johnson by 1.3% in the 4th quarter. State Street Corp now owns 133,869,843 shares of the company’s stock valued at $27,704,364,000 after purchasing an additional 1,663,782 shares during the last quarter. Auto Owners Insurance Co raised its position in Johnson & Johnson by 22,225.6% in the 4th quarter. Auto Owners Insurance Co now owns 69,419,308 shares of the company’s stock valued at $1,436,633,000 after purchasing an additional 69,108,368 shares during the last quarter. Geode Capital Management LLC boosted its stake in Johnson & Johnson by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 57,953,747 shares of the company’s stock worth $11,967,947,000 after purchasing an additional 1,738,292 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Johnson & Johnson during the fourth quarter worth $6,924,523,000. 69.55% of the stock is owned by institutional investors.
More Johnson & Johnson News Here are the key news stories impacting Johnson & Johnson this week:
Positive Sentiment: Dividend appeal remains a key support. Recent coverage highlights JNJ as a blue-chip income stock with a long record of dividend growth and defensive fundamentals, which may attract investors seeking stability amid elevated interest rates. Why is Johnson & Johnson drawing dividend attention today? Top dividend stocks to buy and hold Positive Sentiment: Reported talc settlement removes a major legal overhang. JNJ agreed to a reported $5.5 billion settlement covering tens of thousands of talc lawsuits. While costly, resolving the claims could improve legal and financial visibility and reduce uncertainty surrounding the company. Johnson & Johnson reaches $5.5 billion talc settlement Positive Sentiment: Citi issued a Buy rating, adding to the favorable analyst backdrop. JNJ’s latest reported quarter also exceeded expectations, with revenue rising 6.6% year over year and earnings surpassing consensus estimates. Johnson & Johnson gets a Buy from Citi Neutral Sentiment: Coverage says JNJ has remained steady during a division transition. The company is also investing more than $1 billion to expand U.S. contact-lens production, a potential long-term growth initiative, although near-term returns remain uncertain. Why Johnson & Johnson is steady amid a division transition Negative Sentiment: The talc agreement represents a substantial cash and earnings burden, and investors may continue evaluating whether the settlement fully resolves future claims and related costs. Insider Activity In related news, EVP Elizabeth Forminard sold 15,918 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $257.00, for a total value of $4,090,926.00. Following the completion of the transaction, the executive vice president directly owned 16,994 shares of the company’s stock, valued at approximately $4,367,458. This represents a 48.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Vanessa Broadhurst sold 23,054 shares of the stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $251.27, for a total value of $5,792,778.58. Following the transaction, the executive vice president owned 23,003 shares of the company’s stock, valued at approximately $5,779,963.81. This trade represents a 50.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,972 shares of company stock worth $12,295,205 over the last quarter. 0.16% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth Several research analysts recently issued reports on JNJ shares. Weiss Ratings upgraded shares of Johnson & Johnson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Raymond James Financial set a $280.00 target price on shares of Johnson & Johnson in a research note on Monday. Freedom Capital upgraded shares of Johnson & Johnson from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Barclays boosted their price objective on shares of Johnson & Johnson from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Guggenheim upped their price objective on Johnson & Johnson from $270.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $268.22.
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Johnson & Johnson Stock Up 0.8% NYSE:JNJ opened at $259.03 on Friday. Johnson & Johnson has a 1 year low of $170.39 and a 1 year high of $274.90. The stock has a 50-day moving average price of $248.47 and a two-hundred day moving average price of $239.73. The stock has a market cap of $624.23 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 2.45 and a beta of 0.24. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44.
Johnson & Johnson (NYSE:JNJ – Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The company reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.06. Johnson & Johnson had a return on equity of 32.42% and a net margin of 21.48%.The business had revenue of $25.31 billion for the quarter, compared to analysts’ expectations of $25.06 billion. During the same quarter in the previous year, the business posted $2.77 EPS. Johnson & Johnson’s revenue for the quarter was up 6.6% on a year-over-year basis. Johnson & Johnson has set its FY 2026 guidance at 11.600-11.750 EPS. As a group, equities analysts expect that Johnson & Johnson will post 11.61 earnings per share for the current year.
Johnson & Johnson Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Tuesday, August 25th will be paid a $1.34 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $5.36 dividend on an annualized basis and a yield of 2.1%. Johnson & Johnson’s payout ratio is presently 62.11%.
Johnson & Johnson Profile (Free Report)
Johnson & Johnson is a multinational healthcare company headquartered in New Brunswick, New Jersey, that develops, manufactures and markets a broad range of products across pharmaceuticals, medical devices and previously consumer health. Founded in 1886 by the Johnson family, the company has grown into a global healthcare organization with operations and sales in many countries around the world.
The company’s pharmaceuticals business, organized largely under its Janssen research and development organization, focuses on prescription medicines across therapeutic areas such as immunology, infectious disease, oncology and neuroscience.
Featured Stories Five stocks we like better than Johnson & Johnson Datadog’s Drop Says More About Expectations Than Earnings D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus Solventum Nears Inflection Point As It Begins to Unlock Value Want to see what other hedge funds are holding JNJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson & Johnson (NYSE:JNJ – Free Report).
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MetLife vykázala ve 2. čtvrtletí upravený zisk 1,6 miliardy USD, tedy 2,43 USD na akcii, meziročně o 15 % více. Upravený návrat na vlastní kapitál dosáhl 17 %.
Can Trupanion Turn Pet Insurance Loyalty Into Real Earnings?MetLife NYSE: MET reported second-quarter 2026 adjusted earnings of approximately $1.6 billion, or $2.43 per share, up 15% from a year earlier. Adjusted earnings per share increased 20%, while adjusted return on equity reached 17%, the top end of the company’s 15% to 17% annual target range.
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President and Chief Executive Officer Michel Khalaf said the results reflected the execution of MetLife’s “New Frontier” strategy, which combines capital-light businesses such as Group Benefits, international operations and asset management with capital-driven retirement and spread-based operations.
The “Duck Stock” Keeps Quietly Making Money for Shareholders“Adjusted earnings increased in every business segment compared with a year ago,” Khalaf said, citing strong underwriting, broad volume growth and continued capital returns to shareholders.
Capital Returns and Expense Management MetLife repurchased about $700 million of common shares during the quarter and returned more than $2.4 billion to shareholders through July through buybacks and common dividends. The company also announced a new $3 billion share repurchase authorization.
These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?Holding-company cash and liquid assets totaled $3.4 billion at June 30, within MetLife’s stated target buffer of $3 billion to $4 billion. Chief Financial Officer and Head of MetLife Investment Management John McCallion said the company returned approximately $1.1 billion to shareholders in the second quarter, including the share repurchases, and bought an additional roughly $225 million of shares in July.
The direct expense ratio was 12.1% in the quarter, compared with 11.7% in the year-ago quarter and for full-year 2025. The ratio included an approximately 50-basis-point impact from the addition of PineBridge Investments, which has a structurally higher expense profile. Management said it remains on track to beat its 12.1% full-year 2026 target through expense discipline and productivity initiatives.
Khalaf said artificial intelligence is becoming a structural advantage for the company because of the volume of policies, customer interactions and claims MetLife handles. He said the company monitors AI-related investment and usage costs under the same return standards applied to other investments and expenses.
Group Benefits Leads Segment Growth Group Benefits generated adjusted earnings of $503 million, up 25% year over year, supported by favorable life underwriting and volume growth. The group life mortality ratio was 79%, better than the company’s 2026 target range of 83% to 88%, reflecting improved mortality trends among the working-age population.
Ramy Tadros, president of MetLife’s U.S. business, said the quarter included about two points of mortality favorability from prior-period development and lower-than-expected claim severity. He said the company expects those factors to normalize during the remainder of the year, with early indications evident in July results.
Tadros said any longer-term normalization of Group Life margins would occur gradually because the business has a three- to five-year renewal cycle. Year-to-date Group Benefits sales rose 9%, including an 11% increase in regional business. Adjusted premiums, fees and other revenues increased 4% excluding participating contracts.
Non-Medical Health’s interest-adjusted benefit ratio was 73.9%, within its 70% to 75% annual target range and 190 basis points better sequentially. Tadros said paid family and medical leave claims followed the anticipated pattern of higher claims early in a program’s rollout before moderating. He also cited favorable disability results, driven by experience and investments in data analytics and AI intended to improve recoveries.
Retirement, International Operations and Asset Management Retirement & Income Solutions, or RIS, recorded adjusted earnings of $377 million, up 2% from the prior year. Adjusted premiums, fees and other revenues excluding pension risk transfers increased 19%, led by U.K. longevity reinsurance and structured settlement sales.
RIS reported a total investment spread of 97 basis points, below management’s 100- to 120-basis-point guidance range because of weaker private-equity returns in variable investment income. Core spread excluding variable investment income was 100 basis points, up 5 basis points sequentially. McCallion said MetLife expects its core RIS spread to remain within a 95- to 100-basis-point range and estimated third-quarter results could be near the midpoint because of real estate income seasonality.
Management described the U.S. pension risk transfer market as lighter in the first half, particularly for jumbo transactions, but said it sees a stronger opportunity pipeline for the second half. Tadros said MetLife sold nearly $14 billion of pension risk transfers in 2025, including $12 billion in the fourth quarter, illustrating the market’s uneven timing. He added that MetLife wrote more than $1 billion of U.K. funded reinsurance year to date.
Asia adjusted earnings rose 21% on a reported basis and 25% on a constant-currency basis to $420 million. Sales increased 17% on a constant-currency basis, supported by Korea and product launches. In Japan, sales rose 2% from a strong year-earlier comparison and 13% sequentially, while accident and health sales grew nearly 90% on a constant-currency basis following a medical product launch.
Latin America posted a quarterly record of $268 million in adjusted earnings, up 15% reported and 4% on a constant-currency basis. Sales rose 9% on the same basis, with growth led by Brazil, Mexico and Chile. EMEA adjusted earnings increased 8%, or 11% on a constant-currency basis, to $108 million, while sales rose 15% on a constant-currency basis.
MetLife Investment Management, or MIM, generated adjusted earnings of $57 million, up 6%, as PineBridge integration and expense management contributed to results. Total assets under management rose $12 billion sequentially to approximately $748 billion at June 30, including a $7 billion increase in institutional client assets. McCallion said MIM remains positioned to deliver full-year adjusted earnings within its $240 million to $280 million guidance range, though likely near the low end.
M&A and Investment Positioning During the question-and-answer session, Khalaf said MetLife’s approach to acquisitions has not changed. He identified asset management and Group Benefits as the areas most likely to be considered for acquisitions, emphasizing complementary capabilities and adjacencies rather than transformational transactions.
McCallion said MetLife expects its private-equity allocation to decline modestly over time as distributions from its seasoned portfolio outpace contributions, though the company will continue investing in the asset class. He said higher interest rates can provide positive momentum over time, but portfolio changes are incremental and governed by asset-liability management and risk considerations.
About MetLife (NYSE:MET)MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.
In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.
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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Assenagon Asset Management S.A. boosted its holdings in Block, Inc. (NYSE:XYZ – Free Report) by 372.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 937,540 shares of the technology company’s stock after purchasing an additional 739,264 shares during the quarter. Assenagon Asset Management S.A. owned about 0.16% of Block worth $71,253,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC grew its stake in shares of Block by 57.1% in the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after buying an additional 161 shares during the last quarter. Rachor Investment Advisory Services LLC purchased a new position in Block during the fourth quarter valued at $32,000. Global Assets Advisory LLC purchased a new position in Block during the first quarter valued at $31,000. Cary Street Partners Investment Advisory LLC boosted its holdings in Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after acquiring an additional 223 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Block in the second quarter worth $43,000. Institutional investors own 70.44% of the company’s stock.
Analyst Ratings Changes Several brokerages have recently weighed in on XYZ. Susquehanna raised their price target on Block from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $95.00 price target on shares of Block in a research note on Thursday. Canaccord Genuity Group increased their price objective on shares of Block from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, May 18th. BMO Capital Markets raised their price objective on shares of Block from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Finally, Oppenheimer restated an “outperform” rating and set a $97.00 price objective on shares of Block in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Block currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.88.
Read Our Latest Report on Block
Key Block News Here are the key news stories impacting Block this week:
Positive Sentiment: Quarterly results exceeded expectations. Block reported second-quarter EPS of $1.02, well above estimates of $0.48–$0.86 and up from $0.62 a year earlier. Revenue increased 9.3% year over year to $6.62 billion, with Cash App and Square contributing to the performance. Block Q2 Earnings and Revenues Beat Estimates Positive Sentiment: Management raised its outlook. Block guided to third-quarter EPS of $1.02 versus the $0.93 consensus and fiscal 2026 EPS of $4.02 versus expectations of $3.62. Management also cited 25% gross-profit growth, record margins and improving momentum from AI-focused products. Block Q2 Earnings Call Highlights Positive Sentiment: Analysts became more bullish. Monness Crespi & Hardt raised its price target from $115 to $125 and initiated a “buy” rating. TD Cowen raised its target to $105, while RBC, Keefe, Bruyette & Woods, Susquehanna and Needham also increased targets, generally maintaining positive ratings. Positive Sentiment: Options activity suggested increased bullish interest. Investors bought 42,107 call options, approximately 55% above average daily call volume. This indicates heightened speculative interest, though it does not guarantee continued gains. Neutral Sentiment: Block’s AI and cost-reduction strategy is gaining investor attention. The company’s workforce reductions and greater emphasis on artificial intelligence appear to be supporting efficiency and profitability, but investors will want evidence that growth remains durable. Negative Sentiment: Insiders sold shares. Director Anthony Mathew Eisen sold 47,000 shares for approximately $4.0 million across two transactions, and Brian Grassadonia sold 25,908 shares for about $2.1 million. The sales were executed under pre-arranged Rule 10b5-1 plans, reducing their significance, but repeated insider selling may weigh on sentiment. Negative Sentiment: Valuation leaves limited room for disappointment. With Block trading near its 52-week high and at an elevated earnings multiple, the stock may remain sensitive to any slowdown in Cash App, Square or AI-related profitability. Block Stock Up 0.0% Shares of XYZ opened at $79.05 on Friday. The business’s 50 day moving average is $76.71 and its 200 day moving average is $68.03. The company has a current ratio of 2.21, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.75. The company has a market capitalization of $47.05 billion, a PE ratio of 141.16, a price-to-earnings-growth ratio of 0.95 and a beta of 2.53.
Block (NYSE:XYZ – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion for the quarter. During the same quarter in the previous year, the business earned $0.62 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Research analysts expect that Block, Inc. will post 2.61 earnings per share for the current fiscal year.
Insider Activity In related news, insider Brian Grassadonia sold 43,348 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the completion of the transaction, the insider directly owned 557,654 shares of the company’s stock, valued at approximately $44,612,320. This represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 8,971 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total value of $770,160.35. Following the transaction, the chief financial officer owned 454,275 shares of the company’s stock, valued at $38,999,508.75. This represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 441,179 shares of company stock worth $34,543,835 over the last 90 days. Corporate insiders own 11.37% of the company’s stock.
Block Profile (Free Report)
Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.
The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.
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Pinterest ve 2. čtvrtletí zvýšil tržby o 18 % na 1,2 miliardy USD a upravený EPS vzrostl o 30 % na 0,43 USD, nad odhady. Přesto akcie po výhledu na 3. čtvrtletí dál kolísají.
For a company as predictable as Pinterest (PINS +1.50%), the stock continues to see significant volatility around earnings. Meanwhile, the latest dip in the stock has left the social media company as one of the best values in the market today. The stock is now down about 10% in 2026 and 40% over the past year, as of this writing.
Let's dive into the company's earnings and prospects to see why I think this is a great buying opportunity.
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The pattern continues Pinterest has followed a very predictable earnings pattern, yet the stock still gets big reactions in both directions. The company generally reports solid revenue that comes in ahead of expectations, then issues conservative guidance. Despite that, the stock has made 10% or more moves in either direction eight of the past 10 quarters.
Both the first and second quarters of this year have been good examples of this. Following its Q4 earnings report in February, Pinterest saw its stock get crushed when it forecast its revenue growth would decelerate to between 11% and 14%. However, Q1 revenue growth accelerated to its fastest pace since Q4 2024, at 18%. Meanwhile, for Q2, it forecast revenue would increase by 14% to 16%, but it once again topped expectations with growth of 18%.
Despite the company's history of conservative guidance, investors were disappointed when Pinterest projected its Q3 revenue would rise between 13% and 15% year over year, to a range of $1.19 billion to $1.21 billion. That was right in line with analyst estimates, and if recent history is any indication, the company should comfortably top its forecast. The company also noted that its guidance takes into account the impact of shifting Amazon Prime Day from Q3 to Q2 last year and World Cup-related spending.
Pinterest's 18% revenue growth in Q2 was driven by a 16% increase in ad impressions and a 1% increase in ad prices. The company said advertisers using its Performance+ platform are seeing better return on ad spending (ROAS), so it will be interesting to see if it can eventually command higher ad prices, similar to what Meta Platforms has achieved.
The platform saw strength across regions. U.S. and Canadian revenue rose by 18% to $800 million. European revenue jumped 12% to $213 million, while the "rest of world" segment revenue soared 38% to $87 million.
Pinterest's monthly active users (MAUs) increased by 11% to 640 million, once again led by a nice rise in "rest of world" users, which climbed 15% to 377 million. European users grew by 7% to 157 million, although they fell sequentially. U.S. and Canadian MAUs, meanwhile, increased by 4% to 106 million.
Global average revenue per user (ARPU) climbed 7% year over year to $1.86; however, this number is heavily influenced by the regional mix. U.S. and Canadian ARPU soared by 14% to $8.30. European ARPU edged up by 4% to $1.35, while "rest of world" ARPU jumped 21% to $0.23.
Turning to profitability, Pinterest saw its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jump by 24% year over year to $311.3 million. Adjusted earnings per share (EPS) surged by 30% to $0.43, topping the $0.36 consensus, as the company significantly reduced its share count through buybacks. Looking ahead, Pinterest projected its Q3 adjusted EBITDA of between $335 million and $355 million.
Image source: The Motley Fool.
Pinterest is one of the best bargains in the market right now, in my view. It trades at a forward price-to-earnings ratio (P/E) of below 10.5 based on 2027 analyst estimates, while producing solid mid-to-upper teens revenue growth. Throw out quarterly market expectations; this growth stock should be trading at a much higher multiple.
Similar to Meta Platforms, Pinterest has shown that its business can be a powerful AI flywheel by using AI to improve advertiser outcomes. Meanwhile, it's doing it without heavy capital expenditures, using a mix of its proprietary AI models and cheaper open-source models to efficiently drive growth.
If you want a cheap AI winner without heavy capex, Pinterest is a great stock to buy on this dip.
Eli Lilly ve 2. čtvrtletí zvýšila tržby o 48 % díky silné poptávce po MOUNJARO a ZEPBOUND a zvedla celoroční výhled tržeb i zisku. Kombinované tržby těchto léků dosáhly 14,9 miliardy USD.
The FTC Is Suing Hims & Hers Health—Here's Why Investors Shouldn't PanicEli Lilly and Company NYSE: LLY reported 48% revenue growth in the second quarter of 2026, driven primarily by continued demand for its cardiometabolic medicines MOUNJARO and ZEPBOUND, while raising its full-year revenue and earnings guidance.
Chair and CEO Dave Ricks said the company delivered growth across key products and major geographies, advanced its pipeline and added assets through business development. Lilly said its key products increased by nearly $6.8 billion during the quarter, while its oncology, immunology and neuroscience medicines collectively grew 121% from the prior-year period.
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As Employers Drop Obesity Drug Coverage, Hims & Hers Could Be the Winner“We delivered strong business results, received regulatory approval for new indications, shared positive phase III trial results, added new medicines to our pipeline, and expanded access to medicines for patients,” Ricks said.
Financial performance and updated outlook Chief Financial Officer Lucas Montarce said second-quarter revenue rose 48% from the same period in 2025. MOUNJARO and ZEPBOUND combined for $14.9 billion in revenue, contributing $6.3 billion of year-over-year growth.
3 Non-Pharma Firms That Could Benefit From the GLP-1 TrendNon-GAAP earnings per share were $8.38, compared with $6.31 in the prior-year quarter. The second-quarter figure included $3.03 in acquired in-process research and development charges. Lilly’s non-GAAP performance margin was 54.8%, up 9 percentage points from a year earlier, while gross margin reached 86.3%.
U.S. revenue increased 33%, primarily on volume growth for ZEPBOUND and MOUNJARO as well as contributions from the company’s immunology, oncology and neuroscience portfolio. U.S. price declined 3%; excluding changes to estimates for rebates and discounts, price declined 9%, Montarce said.
Outside the U.S., revenue rose 55% in constant currency in Europe, aided by MOUNJARO volume growth and a $250 million Jardiance milestone payment. Revenue grew 30% in Japan, 93% in China and 136% in the rest of the world on a constant-currency basis, with MOUNJARO a principal driver.
Lilly raised its full-year 2026 revenue outlook to $85 billion to $87 billion, increasing the low end by $3 billion and the high end by $2 billion. It now expects a non-GAAP performance margin of 49% to 50.5% and non-GAAP earnings per share of $35.50 to $36.50.
Montarce said the guidance incorporates certain factors that could affect quarterly comparisons, including prior-period adjustments to U.S. rebate and discount estimates, European vacation-related seasonality in the third quarter, and fourth-quarter seasonality in the U.S. Type 2 diabetes market.
Incretin demand, Foundayo launch and Medicare access Lilly said the U.S. incretin analog market grew 31% in prescriptions from the second quarter of 2025, with obesity prescriptions increasing 78%. In the U.S. obesity market, Lilly medicines accounted for approximately six out of 10 total prescriptions and about seven out of 10 injectable prescriptions, according to the company.
Self-pay remained an important component of ZEPBOUND demand, accounting for about 45% of total prescriptions and approximately 55% of new prescriptions in the quarter.
The company also highlighted the July 1 launch of the Medicare GLP-1 Bridge Program, which it said provides 20 million eligible Americans with insurance coverage for GLP-1 obesity medicines at an out-of-pocket cost of $50 per month. Ricks said the program expanded U.S. coverage for Lilly obesity medicines by 35%.
Ilya Yuffa, president of Lilly USA and Global Customer Capabilities, said Lilly was seeing an inflection in demand for both injectable and oral medicines following the program’s launch. He estimated that roughly 80% of patients obtaining treatment through the early rollout were using injectables, while 60% to 70% were new to therapy.
Foundayo, the company’s oral medicine, continued its U.S. launch. Lilly said it completed the U.S. submission for Type 2 diabetes and expects regulatory action later this year. Yuffa said the company had expanded Foundayo access, began direct-to-consumer promotion and increased its U.S. prescriber base from 8,000 at the prior earnings call to 36,000.
Foundayo received obesity approvals in the United Arab Emirates and Saudi Arabia and approvals for obesity and Type 2 diabetes in Mexico. Patrik Jonsson, president of Lilly International, said most international launches are expected in 2027, with Foundayo under regulatory review in more than 40 markets.
Pipeline milestones include retatrutide results Chief Scientific and Product Officer Dan Skovronsky said Lilly reported positive results from three phase III retatrutide trials in obesity. Across the TRIUMPH program, the company cited weight loss as well as improvements in A1C, cardiovascular risk factors, osteoarthritis pain and sleep apnea.
Lilly said it now has the clinical data package to support global registrations for retatrutide in obesity, obstructive sleep apnea and knee osteoarthritis pain. Ricks said the company plans to submit the medicine in the U.S. in the first quarter of 2027 through the biologics license application, or BLA, pathway, though he noted the company remains in active litigation and discussions with the FDA on that classification.
Other pipeline and regulatory developments included:
FDA approval of Ebglyss maintenance dosing once every eight weeks for atopic dermatitis. A positive European CHMP opinion for once-weekly insulin efsitora alfa, proposed under the trade name Onswik, for Type 2 diabetes. European approval for Jaypirca in chronic lymphocytic leukemia across all lines of therapy. Phase III data showing pirtobrutinib added to venetoclax and rituximab reduced the risk of disease progression or death by 45% in the overall BRUIN CLL-322 study population. Phase III data showing selpercatinib reduced the risk of recurrence or death by 83% versus placebo in adjuvant RET fusion-positive non-small cell lung cancer. Business development and manufacturing expansion Lilly announced agreements to acquire Curevo, LimmaTech Biologics and The Vaccine Company to build an infectious-disease prevention platform. The company also acquired AtaiBeckley, which is developing treatments for treatment-resistant depression and other mental health conditions, and completed its Centessa acquisition, adding cleminorexton to its neuroscience pipeline.
Jake Van Naarden, president of Lilly Oncology and head of business development, said the transactions were focused on areas with substantial unmet need and assets Lilly believes can create long-term value. He said the company expects to remain opportunistic in business development while maintaining discipline.
Ricks also said Lilly opened its first dedicated genetic medicine manufacturing facility in Lebanon, Indiana, and produced its first batch of commercial material at a new site in Limerick, Ireland. During the second quarter, the company distributed $1.5 billion in dividends and repurchased $1.6 billion of shares.
About Eli Lilly and Company (NYSE:LLY)Eli Lilly and Company NYSE: LLY is a global pharmaceutical company founded in 1876 and headquartered in Indianapolis, Indiana. The company researches, develops, manufactures and commercializes a broad range of medicines and therapies for patients worldwide. Eli Lilly maintains operations and commercial presence across North America, Europe, Asia and other regions, serving both developed and emerging markets. The company has been led in recent years by President and Chief Executive Officer David A.
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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.
Alphabet začal prodávat své TPU i vybraným externím zákazníkům a už z nich vykazuje tržby. Tím se otevírá nový zdroj růstu a zároveň přímá konkurence pro Nvidii.
Alphabet (GOOG -0.88%) (GOOGL -0.96%) posted blowout second-quarter results on July 22. Many of the headlines focused on the company's cloud business, and with good reason. Google Cloud's sales were $24.8 billion, 82% higher than the year-ago period. Sales growth in this business accelerated significantly from the 63% Alphabet recorded in the previous quarter, and the tech leader also ended the period with a $514 billion cloud backlog.
Alphabet could continue to see its cloud business perform well in the next few years, and the company recently began recording a new revenue stream that may become a meaningful growth driver over time, while also affecting other companies such as Broadcom (AVGO +1.71%) and Nvidia (NVDA +2.27%). Here's what investors need to know.
Image source: The Motley Fool.
Multiple growth pathways Alphabet has been relying on its TPUs (Tensor Processing Units) -- custom artificial intelligence (AI) chips designed to handle specific workloads -- in its cloud computing segment for some time. The company still orders chips from external suppliers. But TPUs have become increasingly important for Alphabet. And earlier this year, the company's CEO, Sundar Pichai, said it would start selling TPUs to select outside customers, given the soaring demand for these products.
During Alphabet's second-quarter earnings conference call, management announced that the company had started to realize revenue from these sales. They are likely a minuscule part of the company's total revenue for now, but if demand for these chips remains high enough, Alphabet could be looking at another source of top-line growth. It would also put the company in direct competition with Nvidia. Custom chips have some advantages. They are cheaper than Nvidia's GPUs (Graphics Processing Units) and highly effective at handling the workloads for which they were designed. They can also help companies reduce their exposure to Nvidia, a meaningful perk even beyond the cost savings.
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Now, where does Broadcom fit into all this? It has worked with Alphabet to design TPUs, and the two companies have a long-term deal extending through 2031. So, if Alphabet's TPU sales grow at a good clip, that will be great for Broadcom's business as well. Now, does any of this make Alphabet stock a buy? The company's TPU business may become an important growth driver. Only time will tell. But for now, there is still significant uncertainty there. Meanwhile, there are much better reasons to consider the stock, and the company's high-flying Cloud business is just one of them.
Alphabet also dominates the digital advertising market, thanks to its runaway lead in internet search and solid position in streaming. These are aspects of the business that AI has improved, and considering these industries boast attractive long-term prospects, Alphabet may ride these tailwinds for a while. Even with the significant capex that drove its free cash flow into negative territory in the second quarter, the tech giant's financial results and opportunities more than justify the investments. Alphabet is well-positioned to outperform the broader market in the long run.
Prosper Junior Bakiny has positions in Alphabet and Nvidia. The Motley Fool has positions in and recommends Alphabet, Broadcom, and Nvidia. The Motley Fool has a disclosure policy.
LTC Properties zvýšila výhled pro rok 2026 na nákupy SHOP na 900 milionů USD na medián a zároveň počítá s výrazně vyššími prodejích aktiv a splacením úvěrů. Cílem je dál přesouvat portfolio k seniors housing operating portfolio.
Top 4 Healthcare REITs Turning Care Into Big Investor PayoutsLTC Properties NYSE: LTC said it is accelerating its transition toward a seniors housing operating portfolio, raising its 2026 SHOP acquisition guidance by 50% to $900 million at the midpoint while planning substantially higher asset dispositions and loan payoffs.
Co-President and Co-Chief Executive Officer Pam Kessler said the company expects to have closed $700 million of SHOP, or seniors housing operating portfolio, acquisitions by the end of September. By that point, SHOP is expected to account for 40% of pro forma annualized net operating income, ahead of LTC’s prior timetable. The company expects SHOP to reach 50% of annualized NOI by year-end through its acquisition pipeline, redeployment of proceeds from the Prestige loan payoff, and sales of lower-growth investments.
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5 best dividend capture stocks Management said its current acquisition pace provides a path for SHOP to contribute 75% of annualized NOI by the end of 2028. Kessler said the company’s shift from a triple-net lease and lending platform to a SHOP-focused real estate investment trust is intended to increase its long-term organic growth potential for core funds from operations and funds available for distribution per share.
Expanded acquisitions and portfolio recycling Chief Investment Officer Dave Boitano said LTC had closed about $400 million of SHOP acquisitions from the beginning of the year through the end of July. It expects to close another $300 million by the end of the third quarter and roughly $200 million more before year-end.
Nursing Home REITs: The Surprise Heroes of High Yield InvestingThe $700 million in acquisitions expected to close by the end of September have an average age of nine years, with 76% in primary markets as designated by the National Investment Center for Seniors Housing & Care. The communities average about 110 units, and nearly 60% offer a continuum of care across independent living, assisted living and memory care, according to Boitano.
Boitano said the company is targeting communities with characteristics that support durable performance, including asset quality, size, unit mix and market dynamics. He added that LTC has focused on relationships with operating partners, sellers and intermediaries to support its acquisition pipeline.
Co-President and Co-CEO Clint Malin said SHOP gross investments are expected to exceed $1.3 billion by the end of the third quarter, compared with a starting platform of 13 communities with a $175 million gross book value when the company launched SHOP 15 months ago. About 80% of the segment’s growth has been external, he said.
During the question-and-answer session, management said it expects acquisitions to generate low- to mid-teens internal rates of return and described the assets as stabilized rather than value-add investments. Malin said the portfolio has been designed around newer, larger campuses with the ability to grow revenue through pricing, particularly amid current supply constraints.
Dispositions and Prestige payoff LTC increased its 2026 expectation for dispositions and loan payoffs to $730 million, or $465 million above its previous guidance. Executive Vice President of Asset Management Gibson Satterwhite said the company expects a 5.5% cap rate on rent from the incremental $465 million of sales and a 7.3% blended rate on total proceeds for the year.
About two-thirds of the incremental sales are expected to involve skilled nursing properties, bringing anticipated skilled nursing proceeds to $570 million at a blended 7.5% rate. LTC also expects to sell $160 million of triple-net seniors housing assets at a 6.5% cap rate on current rent.
The total includes $180 million from the expected payoff of the Prestige loan, which LTC now models for Oct. 1. Satterwhite said the revised timing reflects the HUD process, but management expects the transaction to close this year. He said HUD had provided final commitments to Prestige for most properties, with a few remaining, and that the borrower’s performance remained strong relative to HUD underwriting metrics.
Management said many skilled nursing transactions involve existing operators or their affiliates. Satterwhite said the sales can allow operators to control the assets’ future upside while enabling LTC to monetize value and redeploy capital into higher-growth SHOP investments. Malin said skilled nursing NOI is expected to fall to the low-20% range of the portfolio by year-end, down sharply from more than 50% a year earlier.
SHOP operating trends LTC’s core SHOP portfolio produced $13.3 million in second-quarter NOI, compared with $12.9 million of pro forma NOI in the first quarter. The company continues to expect midpoint pro forma growth of 14% in the core SHOP portfolio compared with 2025.
Satterwhite said LTC raised its RevPAR assumption by 50 basis points because of pricing strength during the first half and additional rate increases planned for the second half. Occupancy was about 89.7% year to date, matching the year-earlier level and running about 90 basis points below the company’s internal expectations, though it was about 145 basis points above last year’s level on a year-over-year basis.
The portfolio includes 27 properties and has a relatively high concentration of standalone memory care communities, which accounted for about 32% of units. Satterwhite said this composition can lead to more quarter-to-quarter variability. Management said occupancy accelerated late in the second quarter and that it was encouraged by the start of the third quarter, while not assuming the same sharp second-half occupancy ramp seen last year.
Financial position and guidance Chief Financial Officer and Treasurer Cece Chikhale said LTC expanded its credit facility by $300 million, bringing its unsecured revolving credit line to $900 million. The company also expects to enter a new at-the-market equity agreement in the third quarter.
During the second quarter, LTC sold 4.1 million common shares through its ATM program, generating $155 million in net proceeds to pre-fund SHOP acquisitions. Pro forma liquidity was $648 million at quarter-end. Debt to annualized adjusted EBITDA for real estate was 4.2 times, while annualized adjusted fixed-charge coverage was 4.9 times.
Core FFO per share was $0.68 in the second quarter, unchanged from the same period of 2025. Core FAD per share was $0.70, down from $0.71 a year earlier. Chikhale attributed the FAD decline to a higher weighted average diluted share count, reduced income from skilled nursing sales and loan payoffs, and higher interest expense, partly offset by higher SHOP NOI and interest income from loans.
LTC narrowed its 2026 outlook, projecting core FFO per share of $2.76 to $2.78 and core FAD per share of $2.83 to $2.85. The forecast incorporates the $900 million SHOP acquisition midpoint, expected total SHOP NOI of $71 million to $80 million, approximately $4 million of FAD capital expenditures, and $730 million of asset-sale and loan-payoff proceeds.
About LTC Properties (NYSE:LTC)LTC Properties, Inc NYSE: LTC is a real estate investment trust that specializes in financing and investing in long-term health care properties. The company focuses on providing capital to operators of senior housing and health care facilities through sale-leaseback transactions, mortgage financings and structured finance arrangements. Its portfolio primarily comprises skilled nursing facilities, assisted living communities and memory care centers.
Since its founding in 1992, LTC Properties has built a diversified portfolio of properties located across the United States.
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Louisiana-Pacific ve 2. čtvrtletí vykázala tržby 664 mil. USD a upravený zisk na akcii 0,40 USD, zatímco EBITDA klesla na 79 mil. USD kvůli slabým cenám OSB.
Firma zároveň čeká ve 3. čtvrtletí tržby segmentu Siding 460 až 470 mil. USD, EBITDA 110 až 120 mil. USD a potvrzuje celoroční výhled.
These 3 Rising Dividend Plays Come CheapLouisiana-Pacific NYSE: LPX reported lower second-quarter sales and EBITDA as weak oriented strand board, or OSB, pricing weighed on results, while its Siding segment remained profitable and the company said it expects that business to return to year-over-year growth in the third quarter.
Net sales for the second quarter were $664 million, down $90 million from the prior-year period, while EBITDA declined $63 million to $79 million. Adjusted earnings per share were $0.40. The company generated $140 million in operating cash flow, returned $21 million to shareholders through dividends, and ended the quarter with $228 million in cash and nearly $1 billion of total liquidity, including an undrawn $750 million revolver.
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Chief Executive Officer Jason Ringblom said LP continued to focus on safety and operational efficiency amid a housing market that “feels like it’s stuck in neutral.” He said lower OSB prices, reflecting soft demand in North and South America, accounted for most of the company’s overall revenue and EBITDA decline.
Siding Performance and Third-Quarter Outlook LP’s Siding sales declined 4% year over year in the second quarter. A 7% increase in prices partly offset an 11% decrease in volumes, compared with what the company described as its all-time record quarterly volume performance a year earlier. The segment produced a 26% EBITDA margin, in line with company guidance.
Within the segment, primed Siding volume fell 12%, while ExpertFinish volume rose 1%. Chief Financial Officer Alan Haughie said higher prices contributed $27 million to Siding revenue and EBITDA, while lower volumes reduced revenue by $46 million and EBITDA by $24 million.
LP said its Prime SmartSide channel inventories have normalized after an unintended pull-forward of sales, particularly in the shed sector, during the fourth quarter of 2025. Ringblom said distributor sell-through for Prime SmartSide in the second quarter was higher than in any of the prior five quarters, while order intake exceeded four of the previous five quarters.
The company expects Siding revenue of $460 million to $470 million in the third quarter, a range whose low end would equal the prior revenue record. LP expects third-quarter Siding EBITDA of $110 million to $120 million, representing an EBITDA margin of about 25%, and reaffirmed its prior full-year guidance for Siding revenue, EBITDA and margin.
“Higher selling prices are projected to contribute the majority of this growth,” said Aaron Howald, LP’s vice president of investor relations, financial planning and analysis, and business development. “But based on the momentum of our order file as well as our demand outlook, we also expect modest volume increases.”
During the question-and-answer session, Ringblom said shed-sector volume increased more than 30% sequentially from the first to the second quarter, though LP still expects the segment to be down 10% to 15% for the full year. The company expects repair-and-remodeling demand to be flat to slightly higher, while other markets are expected to be flat to slightly down in line with underlying housing conditions.
Weather, Freight and Inflation Pressured Margins LP said Siding margins faced unexpected late-quarter disruptions, including equipment failures at its Dawson Creek, British Columbia, mill and severe flooding in western Manitoba that affected employees at its Swan Valley operation and transportation infrastructure.
Haughie said the events caused lost production, higher freight costs and unplanned inventory movements. Flood damage required the company to shift some shipments from rail to truck and use longer routes to market. Constrained freight capacity added to transportation cost pressure beyond the effect of higher crude oil prices.
The company also cited $14 million of inflationary costs and other items in Siding, with more than half attributable to higher crude oil prices flowing through its raw-material supply chain. Haughie said the disruptions pulled forward some inventory-related effects that had been expected in the third quarter, and that, absent those events, Siding EBITDA would have been at or above the top end of guidance.
Howald said LP does not intend to pursue a midyear Siding price increase, instead indicating that any raw-material cost offset would likely be incorporated into its full-year price action for 2027. He said the company believes stable pricing may be supporting volume performance, although LP cannot precisely quantify the effect.
OSB Conditions Deteriorate OSB results declined as pricing and volumes both weakened. Haughie said OSB prices ended the quarter approximately $15 below the company’s guidance algorithm. Lower prices and volumes reduced OSB revenue by $67 million and EBITDA by $46 million from the prior-year quarter.
LP expects OSB EBITDA of approximately negative $45 million in the third quarter and negative $120 million for the full year, assuming prices remain flat at current levels through year-end. Howald said OSB prices had fallen about $12, or 6%, since LP’s May earnings call despite higher raw-material costs.
Ringblom said LP operated its OSB network at a utilization rate in the mid-to-high 70% range during the second quarter and plans to maintain that range in the third quarter to balance supply with customer demand. The company is pursuing cost and efficiency improvements while seeking to protect its assets and maintain safety standards.
LP also said Structural Solutions volumes have been pressured by cost-conscious builders trading down to lower-value products and by building-code changes affecting its radiant barrier products. However, management said it has manufacturing redundancy across its network and does not expect potential production adjustments to materially impair Structural Solutions supply.
Capital Spending Reduced, Siding Expansion Continues LP lowered its 2026 capital-expenditure outlook by $70 million to approximately $320 million. Howald said the reduction primarily reflects delayed lower-risk maintenance and sustaining projects, predominantly within OSB, rather than a retreat from growth investments.
About three-quarters of planned capital spending is expected to go to Siding, including essentially all growth capital. LP is ramping a new ExpertFinish line in Green Bay, plans to add 20 million feet of capacity at its Bath, New York, facility later this year, and broke ground in June on an ExpertFinish painting facility in North Branch, Minnesota.
Management said the North Branch project will be LP’s largest and most efficient ExpertFinish painting facility. The company said it has 400 million to 500 million feet of headroom in primed Siding capacity, with additional ExpertFinish capacity coming from its expansion projects.
LP continues to assess future Siding capacity options, with its Maniwaki facility identified as the leading candidate for a potential next project. Howald said a new project could take roughly two and a half years from an investment decision to the production of its first board, depending on the location and project scope.
The company also announced that Haughie will retire as CFO on Sept. 1 after nearly seven years in the role. Howald is set to succeed him.
About Louisiana-Pacific (NYSE:LPX)Louisiana-Pacific Corporation NYSE: LPX is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.
Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.
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Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
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Binance Wallet spustila funkci Zap, která umožňuje přidat nebo odebrat DeFi likviditu jedním tokenem v jedné transakci. BNB se mezitím drží kolem 592,49 USD.
Binance Wallet has introduced its new Zap feature, aiming to simplify participation in decentralized finance for its users. The rollout coincides with BNB trading close to a key support level, as the digital asset maintains momentum despite broader market consolidation.
Binance Wallet’s Zap Feature Simplifies DeFi AccessBinance Wallet announced that the Zap feature enables users to add or remove liquidity using a single token in just one transaction, removing many of the complexities associated with DeFi liquidity management. The upgrade supports both Zap In and Zap Out operations, and is currently active on BNB Smart Chain via Uniswap V3 and PancakeSwap V3.
Traditionally, managing liquidity positions in DeFi required manual swaps and careful calculation of token ratios. This process could deter everyday users unfamiliar with DeFi protocols. With the Zap enhancement, users are now able to join or exit liquidity pools with minimal steps, making the experience more accessible and efficient.
The update could encourage broader participation on the BNB Chain by lowering entry barriers for less-experienced users. This shift may eventually drive overall engagement and liquidity in the ecosystem as more participants are enabled to interact with DeFi markets seamlessly.
Zap allows users to add liquidity with a single token through one tap, eliminating the need for manual swaps and complex ratio calculations. Both Zap In and Zap Out functionality are supported for streamlined access to liquidity pools.
While Binance Wallet focuses on eliminating friction within DeFi operations, platforms such as 1stepSwap are also gaining attention for bridging gaps between traditional finance and blockchain. By making it possible to access real-world assets—including shares in major US companies and commodities like gold and silver—directly through a crypto wallet and without intermediaries, 1stepSwap offers an experience designed to maximize price advantages and diversification for investors.
Technical Outlook Remains Mixed as Open Interest RisesBNB continues to trade within a narrow range, holding at $592.49 at the current moment. Traders are assessing whether Binance Wallet’s product enhancement could help fuel a new phase of growth within the BNB ecosystem.
Recent data from CoinGlass show BNB open interest steadily climbing toward $900 million, signaling that traders are maintaining or building positions rather than exiting the market. Despite tight price action, the rise in open interest suggests ongoing anticipation of a significant move.
Technical charts from TradingView indicate BNB is consolidating between $568 as support and $635 as resistance. The asset has rebounded from declines earlier in June, with buyers consistently defending the lower end of the range and helping preserve structure.
Derivatives statistics support the view that market engagement remains strong, even in the absence of a clear trend breakout. The MACD indicator maintains a positive stance, with its line positioned above the signal line, reinforcing a modest bullish bias.
If BNB breaks above $635, it could attract additional buyers and reinforce optimistic sentiment. Conversely, a drop below $568 would highlight renewed downside pressure and potential market weakness.
As BNB consolidates, the impact of Binance Wallet’s new tools, along with rising open interest, is being closely monitored for indications of broader activity. The coming days may prove crucial in determining whether these developments will translate into a decisive move for the asset and the wider ecosystem.
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.
Avalanche spustila projekt Payments Collective pro modernizaci přeshraničních transakcí a přitahuje institucionální zájem. AVAX drží klíčový support na úrovni 6,33 USD, nad nímž míří k rezistenci na 7 USD.
Avalanche (AVAX) is demonstrating a resilient price structure, with market analysts pointing toward potential gains if current buying momentum persists. The network has drawn attention for its recent retest of a key support level, while a new payments initiative underscores institutional interest in its blockchain technology.
Technical outlook: Key support and bullish signalsAVAX is currently priced at $6.40, recording a 24-hour trading volume of $208.26 million and a market capitalization of $2.76 billion. Prices have been stable during the latest trading session, bolstered by what analysts interpret as a healthy technical foundation.
Crypto analyst CW reported that Avalanche has maintained a positive technical structure after shifting into a bullish trend. After its recent breakout, AVAX pulled back to test a rising support line, a move viewed as constructive by several market participants.
The $6.33 price level has emerged as a critical support zone. If AVAX remains above this threshold, technical indicators suggest that the cryptocurrency could advance toward the $7 resistance target. However, a break below this level would pose a challenge to the bulls aiming to sustain the upward trajectory.
Price LevelSignificance$6.33Key support$7Next potential targetSeveral analysts maintain that defending the $6.33 zone would strengthen the bullish scenario, while a breach could indicate further downside pressure.
Technical analysis points to $6.33 as a pivotal support for AVAX; continued momentum above this level could lead the token toward the $7 resistance.
Avalanche Payments Collective aims to modernize cross-border transactionsData from MSB Intel recently highlighted Avalanche’s introduction of the Avalanche Payments Collective, a new initiative focused on overhauling cross-border payment systems. The collective brings together companies operating in payments, treasury, banking, and finance, aiming to address inefficiencies that have long affected global transactions.
The initiative seeks to improve transaction processing times, lower settlement costs, and enhance capital efficiency by leveraging Avalanche’s blockchain solutions. Early members of the collective include Axiym, Nonco, SMBC, StraitsX, and AeraTech, pointing to growing institutional engagement with the Avalanche network.
The collective is designed to improve commonly cited pain points in international payments—slow settlements, high transaction fees, and the reliance on pre-funded liquidity. The strategy combines blockchain technology and sector expertise to develop a more effective framework for cross-border transactions.
Mini dictionary: Avalanche Payments Collective, a consortium of finance and payment firms leveraging Avalanche’s blockchain to improve speed, cost, and efficiency in cross-border transaction processing.
The launch highlights an ongoing trend of blockchain adoption among financial institutions seeking to modernize global payment infrastructure.
The expansion of Avalanche’s Payments Collective signals increased institutional use of blockchain to address the challenges in international settlements and capitalize on greater operational efficiencies.
Future outlook for AVAX price and network adoptionDespite optimistic forecasts regarding price and network activity, AVAX currently remains within a neutral trading range. Prospects for a breakout hinge on the broader market trend and the token’s ability to sustain levels above the $6.33 support.
Ongoing investor interest will likely focus on how the newly formed Payments Collective gains traction with both enterprises and the crypto community. Robust network growth may further reinforce the sentiment among bullish participants, with greater institutional involvement viewed as positive for token demand.
Avalanche, first introduced in 2020, is a blockchain platform recognized for its high throughput and focus on decentralized applications and enterprise use cases. The network continues to draw attention from both individual and institutional participants in the blockchain sector.
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.
BlackRock rozšiřuje tokenizované akcie a fondy na Solanu, čímž posiluje její roli v institucionálním financování. Thajsko zároveň zavádí pětileté osvobození od daně z kapitálových výnosů pro způsobilé zisky z kryptoměn.
July rattled crypto from multiple directions. Coldcard hardware wallet security fears, Strategy’s Bitcoin liquidations, Robinhood Chain’s network growth, and the CLARITY Act all landed in the same monthly window, hitting trust assumptions across retail and institutional participants alike. The latest Santiment insights frame these events alongside two other developments that are quietly redrawing market structure: BlackRock pushing tokenized equities onto Solana, and Thailand waiving capital gains tax on qualifying crypto gains for five years.
While on-chain activity in July often felt reactive, the bigger signal may be how capital allocators are starting to reposition around infrastructure that can actually settle institutional flows. Solana’s deepening role in real-world asset tokenization and Thailand’s deliberate lunge for digital-asset hub status are not isolated. They sit inside a broader competition where network throughput, regulatory clarity, and tax incentives determine where the next wave of liquidity gets parked.
Tokenized Equities Move to Solana’s Rails BlackRock’s expanding tokenization efforts are no longer confined to Ethereum rollups or private permissioned venues. The asset manager is now putting Solana deeper into the conversation around institutional finance, with tokenized stocks and funds beginning to surface on the network. This follows months of groundwork around Solana Pay, stablecoin settlement, and proposed SOL tokenomics adjustments that collectively reshape what a layer-1 can offer large issuers. The tokenization sector is accelerating fast, with real-world assets crossing $20 billion on-chain and traditional settlement infrastructure getting carved up.
For Solana, the implication is a dual-track identity: a chain that hosts retail meme-coin mania one week and BlackRock tokenized securities the next. That split has consequences. It forces validators, custody providers, and compliance teams to support both high-frequency degenerate markets and regulated asset issuance under the same consensus. Whether that hybrid model can hold up under sustained institutional load remains an open question, but the direction of travel is clear.
A Regulatory Vacuum That Thailand Is Exploiting Thailand’s five-year capital gains exemption on qualifying crypto gains landed as a direct policy maneuver to siphon talent and volume away from jurisdictions that are still tangled in legislative gridlock. While the United States debates bills like the GENIUS Act amid heavy bank lobbying, smaller countries are placing onshore tax incentives at the center of their playbook. The frustration among U.S. traders is predictable, but the market impact goes deeper: a growing share of active trading desks may route through jurisdictions that treat digital assets with fiscal consistency rather than constant regulatory whiplash.
Thailand’s move pairs a retail-friendly tax break with an institutional invitation. The policy does not cover every token or every trade, and qualification details matter for anyone structuring operations. Still, it creates a template that other Southeast Asian jurisdictions will now have to match or risk losing their own liquidity pools. The intersection of tax policy and market structure is no longer a footnote—it is becoming a primary driver of where volume concentrates.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
Ethereum i Solana zvažují zásadní změny tokenomiky. U Solany by se roční míra disinflace zdvojnásobila na 30 % a denní spalování by mohlo vyskočit až na 9 000 SOL.
Two of the largest proof-of-stake networks are simultaneously reconsidering how many tokens they print, and the proposed changes aren’t cosmetic. Galaxy Research published an analysis on August 7 outlining how Ethereum’s EIP-8361 and Solana’s SIMD-0550 and SIMD-0553 could meaningfully alter the economic architecture of both chains.
Ethereum’s plan: burn validator rewards based on how much ETH is staked EIP-8361 introduces a mechanism that scales validator reward burns according to the total percentage of ETH staked on the network. If 50% of ETH ends up staked, the proposal would allow up to 100% of validator rewards to be burned.
The practical impact on stakers would be significant. Current consensus-layer yields sit at roughly 2.6%. Under EIP-8361, those yields could decline to approximately 1.2%, effectively halving what validators earn for securing the network.
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The changes would phase in over an 18-month period following inclusion in a future network upgrade. The target timeline places it after the Glamsterdam upgrade, which is expected in fall 2026, meaning the full effects of EIP-8361 likely wouldn’t materialize until 2028.
Solana’s double play: faster disinflation and resource-based burns Solana is attacking the supply question from two angles simultaneously. The first proposal, SIMD-0550, targets the network’s inflation schedule directly. Currently, Solana’s annual disinflation rate sits at 15%, meaning the rate at which new SOL enters circulation decreases by 15% each year. SIMD-0550 would double that to 30%.
The practical consequence: Solana’s inflation would hit its terminal floor by 2029 instead of 2032, shaving three years off the timeline. Galaxy Research estimates this would reduce future SOL emissions by roughly 18.9 million tokens.
The second proposal, SIMD-0553, would overhaul Solana’s fee structure by shifting from flat transaction fees to resource-based pricing. Daily SOL burns currently sit around 650 tokens. Under SIMD-0553, that figure could jump to between 7,500 and 9,000 SOL per day, roughly a 12x to 14x increase in the rate at which SOL gets permanently removed from circulation.
Both proposals have cleared an important governance hurdle, securing the 15% active stake support required to advance into formal discussions and a subsequent voting window. This represents one of the first significant tests of Solana’s on-chain governance system.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Cheniere Energy zvýšila celoroční výhled upraveného zisku před úroky, daněmi, odpisy a amortizací (EBITDA) na 7,9 až 8,4 miliardy USD a peněžního toku na 5,3 až 5,8 miliardy USD. Zvedla také výhled produkce na 53 až 54 milionů tun.
3 Energy Stocks to Watch Now as LNG Demand SurgesCheniere Energy NYSE: LNG raised its 2026 financial outlook for a second consecutive quarter, citing higher production, stronger marketing margins and optimization activity as global LNG markets faced supply disruption tied to constrained flows through the Strait of Hormuz.
The company reported second-quarter consolidated adjusted EBITDA of approximately $1.8 billion, distributable cash flow of about $1.2 billion and net income of more than $3 billion. Cheniere produced and exported 184 cargoes totaling 672 TBtu during the quarter, a 20% increase from the prior-year period.
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3 LNG Stocks to Watch as Iran War ContinuesChairman, President and CEO Jack Fusco said operating performance benefited from the accelerated startup of additional Corpus Christi Stage 3 trains and improved reliability across the company’s facilities. Cheniere increased its full-year adjusted EBITDA forecast to a range of $7.9 billion to $8.4 billion and distributable cash flow guidance to $5.3 billion to $5.8 billion. The new low ends of both ranges exceed the prior high ends, Fusco said.
Production outlook rises as new capacity ramps Cheniere tightened its 2026 production guidance to 53 million to 54 million tons, compared with its prior range of 52 million to 54 million tons. CFO Zach Davis said only about one-third of the increase from the company’s original production outlook reflects Corpus Christi Stage 3 ramp-up, while more than two-thirds stems from reliability improvements, lower downtime and reduced maintenance requirements.
3 Stocks Sending a Strong Signal With Massive BuybacksDavis said the company’s updated guidance includes roughly $300 million from an additional 500,000 tons of expected production, based on margins of approximately $10 to $13. About $200 million of the increase was associated with higher margins and forward sales activity, while optimization contributed roughly $100 million to $150 million, he said.
Cheniere expects to have less than 1 million tons, or 50 TBtu, of unsold open volumes remaining in 2026. Davis said a $1 change in market margins is expected to affect full-year EBITDA by less than $50 million due to the limited remaining exposure.
Corpus Christi Stage 3 is more than 98% complete, according to Fusco. Train 6 reached substantial completion in June, while Train 7 entered commissioning and was expected to produce first LNG imminently. Cheniere expects Train 7 to reach substantial completion in the coming months, ahead of its guaranteed 2027 completion date.
The company’s mid-scale Trains 8 and 9 and related debottlenecking project were more than 48% complete. Fusco said piling had been completed, underground piping work was progressing, and key equipment packages, including the Train 8 cold box, were arriving at the site on or ahead of schedule.
Sabine Pass expansion advances toward FID During the quarter, Cheniere signed a lump-sum turnkey engineering, procurement and construction contract with Bechtel Energy for Phase I of its Sabine Pass expansion. The approximately $4.7 billion EPC contract covers one large-scale train, Sabine Pass Train 7, a boil-off gas reliquefaction unit and associated infrastructure and facility tie-ins.
Train 7 is designed for approximately 5 million tons per annum of capacity. The reliquefaction unit is expected to add about 1 million tons per annum across the Sabine Pass facility by debottlenecking existing large-scale trains. In total, Phase I is expected to add more than 6 million tons per annum, or roughly 10% growth in Cheniere’s production platform.
Bechtel has begun early engineering and procurement work under a limited notice to proceed. Baker Hughes is slated to supply turbines and compressors and will also provide fleetwide gas-turbine upgrades at Sabine Pass under a multiyear services agreement.
Fusco said Cheniere expects regulatory approvals later in 2026 and has begun financing work, providing what he described as clear visibility toward a final investment decision. Davis said formal FID is expected early next year. The company intends to fund about half of the Phase I project cost with debt and the other half with equity cash flow, including through flexibility in the variable component of the Cheniere Partners distribution.
Global market disruption boosts focus on supply security Executive Vice President and Chief Commercial Officer Anatol Feygin said LNG markets during the quarter were shaped by the conflict involving Iran and restrictions on tanker traffic through the Strait of Hormuz. He said LNG exports through the waterway remained severely constrained even after a mid-June ceasefire announcement.
According to Feygin, outbound crude tanker movements recovered to about 25% of their pre-conflict average by quarter-end, while LNG transit recovery remained below 10%. He said reduced Qatari and UAE shipments represented approximately 18 million tons of lower LNG supply during the quarter, partially offset by increased production elsewhere.
Overall global LNG exports declined by about 3 million tons year over year in the quarter, Feygin said. U.S. shipments shifted toward Asia as Asian prices moved above European prices, with U.S. LNG exports to Asia reaching a quarterly record of approximately 11 million tons.
Europe ended the quarter with an estimated 11 billion cubic meter storage deficit compared with the prior year, equivalent to roughly 100 LNG cargoes, Feygin said. He said Cheniere now believes it could be difficult for Europe to reach even 70% inventory levels before winter, below the region’s 80% storage target.
Feygin said the supply disruption reinforced the value of reliable delivery, portfolio diversification and contract flexibility. He added that Cheniere was comfortable it could secure mid-single-digit millions of tons of additional offtake to support the first phase of a Corpus Christi expansion over the next 12 to 18 months, though he described the broader contracting environment as competitive.
Capital returns and accounting changes Cheniere repurchased approximately 2.2 million shares for $550 million during the second quarter, bringing first-half buybacks to roughly $1.1 billion for nearly 5 million shares. The company also declared a quarterly dividend of $0.555 per common share and reiterated its commitment to grow the dividend by at least 10% annually through the end of the decade.
The company deployed nearly $900 million of equity cash flow during the quarter toward growth investments, shareholder returns and balance-sheet management. It also issued $1 billion of 2036 notes and $750 million of 2056 notes at Cheniere Partners, using proceeds to redeem $1.5 billion of senior secured notes due in 2027 at Sabine Pass and to fund a portion of early work on the Sabine Pass expansion.
Davis also said Cheniere designated the normal purchases and normal sales accounting exception for approximately 75% of volumes associated with its long-term integrated production marketing agreements. The change, effective in mid-June, means those agreements will no longer be marked to fair value each period and is expected to reduce quarterly net-income volatility related to noncash derivative accounting adjustments.
About Cheniere Energy (NYSE:LNG)Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company's core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.
Cheniere's principal operating assets are large-scale LNG export terminals located on the U.S.
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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DENTSPLY SIRONA oznámila ve 2. čtvrtletí EPS 0,52 USD, nad odhadem 0,35 USD, a tržby 898 mil. USD, také nad konsensem. Tržby ale meziročně klesly o 4,1 %.
Empowered Funds LLC increased its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY – Free Report) by 515.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,601 shares of the medical instruments supplier’s stock after acquiring an additional 106,024 shares during the quarter. Empowered Funds LLC owned approximately 0.06% of DENTSPLY SIRONA worth $1,469,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Eagle Investment Management LLC grew its position in shares of DENTSPLY SIRONA by 3.2% in the 4th quarter. First Eagle Investment Management LLC now owns 14,640,555 shares of the medical instruments supplier’s stock worth $167,342,000 after buying an additional 458,744 shares during the last quarter. AQR Capital Management LLC boosted its holdings in DENTSPLY SIRONA by 109.8% in the second quarter. AQR Capital Management LLC now owns 13,316,771 shares of the medical instruments supplier’s stock worth $211,470,000 after acquiring an additional 6,970,086 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in DENTSPLY SIRONA by 0.9% in the third quarter. Lazard Asset Management LLC now owns 10,200,525 shares of the medical instruments supplier’s stock worth $129,445,000 after acquiring an additional 92,868 shares in the last quarter. Southpoint Capital Advisors LP purchased a new position in shares of DENTSPLY SIRONA in the 1st quarter valued at approximately $116,000,000. Finally, Armistice Capital LLC raised its holdings in shares of DENTSPLY SIRONA by 27.2% in the fourth quarter. Armistice Capital LLC now owns 7,298,000 shares of the medical instruments supplier’s stock worth $83,416,000 after buying an additional 1,562,000 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors.
Insider Activity at DENTSPLY SIRONA In other news, Director Brian P. Mckeon purchased 10,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of $10.12 per share, with a total value of $101,200.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at approximately $101,200. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brian T. Gladden acquired 9,985 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $10.02 per share, for a total transaction of $100,049.70. Following the completion of the acquisition, the director directly owned 61,849 shares of the company’s stock, valued at $619,726.98. The trade was a 19.25% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 35,160 shares of company stock valued at $351,179. 0.46% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth Several analysts have weighed in on the company. Citigroup initiated coverage on DENTSPLY SIRONA in a research note on Wednesday, April 15th. They set a “sell” rating and a $10.00 price target on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of DENTSPLY SIRONA in a research report on Monday. Mizuho dropped their price objective on shares of DENTSPLY SIRONA from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Barclays cut their price objective on shares of DENTSPLY SIRONA from $12.00 to $9.00 and set an “underweight” rating on the stock in a research note on Thursday, June 4th. Finally, UBS Group decreased their target price on shares of DENTSPLY SIRONA from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.54.
Read Our Latest Stock Report on XRAY
DENTSPLY SIRONA Stock Down 8.0% Shares of NASDAQ XRAY opened at $12.12 on Friday. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of -4.41, a price-to-earnings-growth ratio of 1.57 and a beta of 0.85. The company’s 50-day simple moving average is $11.77 and its 200-day simple moving average is $11.89. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 1.52. DENTSPLY SIRONA Inc. has a 52-week low of $9.40 and a 52-week high of $14.86.
DENTSPLY SIRONA (NASDAQ:XRAY – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The medical instruments supplier reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.17. The firm had revenue of $898.00 million during the quarter, compared to the consensus estimate of $889.93 million. DENTSPLY SIRONA had a negative net margin of 14.99% and a positive return on equity of 20.74%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. DENTSPLY SIRONA has set its FY 2026 guidance at 1.400-1.500 EPS. Equities analysts predict that DENTSPLY SIRONA Inc. will post 1.42 EPS for the current fiscal year.
DENTSPLY SIRONA News Summary Here are the key news stories impacting DENTSPLY SIRONA this week:
Positive Sentiment: Adjusted earnings exceeded expectations: Q2 EPS was $0.52, above analyst estimates ranging from $0.35 to $0.36 and matching the year-ago result. Revenue of $898 million also surpassed the roughly $890 million consensus. Dentsply International Beats Q2 Earnings and Revenue Estimates Positive Sentiment: Margins improved: Management highlighted better margins during the quarter, helping offset softer demand and supporting the earnings beat. The Wellspect business was a key sales-growth contributor. XRAY Stock Falls Despite Q2 Earnings Beat, Wellspect Drives Sales Neutral Sentiment: Full-year EPS guidance was maintained: DENTSPLY SIRONA reiterated 2026 adjusted EPS guidance of $1.40 to $1.50, which brackets the approximately $1.42 analyst consensus. DENTSPLY SIRONA Second-Quarter 2026 Results Negative Sentiment: Sales declined year over year: Q2 revenue fell 4.1%, as weakness in the company’s core dental business outweighed growth at Wellspect. This suggests that broader dental-market demand and utilization remain pressured. XRAY Stock Falls Despite Q2 Earnings Beat, Wellspect Drives Sales Negative Sentiment: Revenue guidance was cautious: The company forecast 2026 revenue of $3.5 billion to $3.6 billion, with the midpoint below the $3.6 billion consensus estimate. Investors appear to be prioritizing the weak organic-sales trend and outlook over the quarterly EPS beat. DENTSPLY SIRONA Company Profile (Free Report)
Dentsply Sirona Inc (NASDAQ: XRAY) is a leading global manufacturer of professional dental products and technologies. The company, formed through the merger of Dentsply International and Sirona Dental Systems in February 2016, brings together a long heritage of innovation in dental care. Headquartered in Charlotte, North Carolina, Dentsply Sirona develops and markets a comprehensive range of dental consumables, laboratory products, and advanced imaging and CAD/CAM systems.
The company’s product portfolio spans preventive, restorative, orthodontic, endodontic and surgical care.
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Berkshire Hathaway ve 2. čtvrtletí po více než třech letech poprvé nakoupila akcie za čistých zhruba 20 miliard USD a ukončila 14 čtvrtletí trvající sérii prodejů. Hotovost klesla na 365,5 miliardy USD.
The stock market in 2026 has rewarded patience less than usual. The S&P 500 is up 13% on the year, and momentum names have led the charge while cash-heavy value investors sat on the sidelines wondering when the next fat pitch would arrive.
Berkshire Hathaway (NYSE:BRK-A | BRK-A Price Prediction)(NYSE:BRK-B) has been the poster child for that patience — building the largest cash pile in its history rather than chasing a market that Warren Buffett openly said he found too expensive. That patience just ended.
The Cash Pile Finally Shrinks Berkshire ended the first quarter of 2026 with $397.4 billion in cash and Treasury bills, a record and the culmination of a strategy Buffett began years earlier and Greg Abel continued after taking over as CEO on January 1. Between 2022 and 2024 alone, Berkshire sold a net $172.9 billion more in stocks than it bought. That selling didn’t stop when Abel took the reins — it accelerated into a streak of 14 consecutive quarters as a net seller of equities, one of the longest such stretches in Berkshire’s history.
This morning’s second-quarter earnings release broke that streak. Berkshire’s cash position fell to $365.5 billion, and for the first time in more than three years, Abel was a net buyer of stocks — purchasing roughly $20 billion more in equities than he sold. Berkshire also stepped up share buybacks to $4.5 billion for the quarter, a sharp jump from the token $235 million spent in Q1.
Holding % of Portfolio Rank Apple 20.0% 1st American Express (NYSE:AXP) 14.9% 2nd Coca-Cola (NYSE:KO) 9.8% 3rd Bank of America 9.1% 4th Alphabet (NASDAQ:GOOG) 8.8% 5th Alphabet is the newest name on that list, and it didn’t get there by accident. Berkshire revealed a $10 billion investment in Alphabet earlier this year, earmarked to help fund the company’s AI infrastructure buildout, and it’s fast becoming an Abel favorite. Berkshire’s Alphabet stake grew 224% in Abel’s first quarter alone, expanding from 17.8 million shares at the end of 2025 to nearly 58 million shares in Q1. Buffett has said he personally initiated the position, but Abel is the one who decided how far to run with it.
Key Takeaway Granted, one quarter of net buying doesn’t undo three years of net selling — Berkshire still holds $365.5 billion in dry powder, plenty to fund another Alphabet-sized bet or absorb a real market pullback. That said, the signal here matters more than its size. Abel has shown he’ll deploy capital when he sees value, and Alphabet’s rise into the top five holdings — alongside a stepped-up buyback pace — suggests he’s done waiting.
For shareholders, that’s the clearest sign yet that Berkshire’s multiyear defensive crouch is giving way to something more offensive. In the end, that’s a reason for smart investors to keep paying attention to what Abel buys next.
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Kinetik zvýšil celoroční výhled upravené EBITDA na 1,04 až 1,1 miliardy USD a kapitálové výdaje na zhruba 560 milionů USD. Ve 2. čtvrtletí vykázal upravenou EBITDA ve výši 281 milionů USD.
Kinetik NYSE: KNTK reported what President and Chief Executive Officer Jamie Welch described as the strongest financial results in the company’s history for the second quarter of 2026, citing operating execution, system performance and a supportive commodity-price environment. The company raised its full-year Adjusted EBITDA guidance by $70 million at the midpoint and increased its capital spending outlook as it prepares for continued customer activity across the Permian Basin.
The company reported second-quarter Adjusted EBITDA of $281 million, distributable cash flow of $195 million and free cash flow of $105 million. Senior Vice President and Chief Financial Officer Trevor Howard said Midstream Logistics Adjusted EBITDA rose 35% from a year earlier to $205 million, while Pipeline Transportation Adjusted EBITDA was $83 million.
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Processed natural gas volumes were 1.74 billion cubic feet per day during the quarter, flat from a year earlier despite an estimated 250 million cubic feet per day of Waha-price-related production curtailments. Howard said results benefited from operating performance, improved NGL recoveries and condensate yields, optimization efforts, and favorable commodity prices and spreads.
Guidance Raised on Volume, Commodity and Operating Expectations Kinetik increased its full-year 2026 Adjusted EBITDA forecast to $1.04 billion to $1.1 billion. At the midpoint, the revised outlook is 7% above the company’s original February forecast and represents approximately 15% year-over-year pro forma growth after accounting for the divestiture of its EPIC Crude interest, according to Howard.
Management identified four drivers for the revised outlook:
Improved volume expectations as Waha pricing normalized and curtailed production returned faster than anticipated. More favorable commodity-price assumptions, including nearly 30% higher WTI pricing and nearly 20% higher liquids pricing versus assumptions used in February guidance. Continued system operating improvements, including plant and compression runtimes, NGL recoveries and condensate yields. Outperformance in Pipeline Transportation, supported by basin activity, higher throughput and healthy pipeline margins. Kinetik now expects mid- to high-single-digit year-over-year volume growth in 2026, compared with its previous expectation for low- to mid-single-digit growth. The company anticipates average curtailments of roughly 25 million cubic feet per day during the second half, compared with the estimated 250 million cubic feet per day curtailed during the second quarter.
Howard said Kinetik expects to exit 2026 with processed gas volumes approaching 2.2 billion cubic feet per day, with no fourth-quarter curtailments assumed. He clarified during the question-and-answer session that the 2.2 Bcf/d figure represents a fourth-quarter average. Kinetik expects third-quarter Adjusted EBITDA of $260 million to $270 million and fourth-quarter Adjusted EBITDA of $270 million to $280 million.
Capacity Expansion and Downstream Market Access Welch said customer activity has continued to build across the company’s footprint, with more than 60% of the Permian rig-count growth since February occurring in the Delaware Basin. He said the recovery in Waha pricing from earlier dislocations reduced producer curtailments beginning in mid-June, while a more constructive crude-price environment supported producer development economics.
The company reached a final investment decision in May on Kings Landing 2, or KL2, and subsequently increased its planned processing capacity by 50% to 300 million cubic feet per day. Kinetik has purchased cryogenic processing, amine and residue compression equipment for the project and now expects it to enter service in mid-2028, earlier than previously communicated.
Once completed, KL2 is expected to lift Delaware North sour-gas processing capacity above 700 million cubic feet per day and take Kinetik’s systemwide processing capacity above 2.7 Bcf/d. The company also received board authorization to procure long-lead equipment for its next processing-capacity expansion and sanctioned work to expand the ECCC pipeline.
Management said it is evaluating interim offload options and optimization projects as volumes build ahead of KL2’s startup. Welch said the company is examining center-block rebuilds and other plant upgrades, while Chief Operating Officer Matt Wall said residue-compression upgrades and expander-center-section changes could add roughly 10% to 15% above nameplate capacity at cryogenic plants in Delaware South.
Kinetik also entered agreements for additional firm residue-gas access to Gulf Coast markets beginning in 2027, along with residue-gas and NGL transportation agreements supporting its Delaware North processing complexes. Welch said the agreements are intended to reduce customers’ exposure to volatile in-basin pricing and offer greater access to premium end markets.
Higher Capital Program Supports Customer Development Kinetik raised its 2026 capital expenditure guidance, including maintenance capital, to approximately $560 million. The increase includes spending on KL2, optimization initiatives, compression equipment, ECCC expansion right-of-way, long-lead equipment for a future cryogenic plant, and accelerated growth projects associated with customer development plans in late 2026 and early 2027.
Howard said much of the incremental 2026 development-related spending is tied to Delaware South, where new wells can be planned and connected more quickly than in New Mexico. He added that Kinetik is already planning for producer activity extending through 2028 and beyond.
Welch said Kinetik sees a “prudent paradigm” for capital investment given the returns available from infrastructure projects. Howard said capital expenditures could remain around current levels as long as customer forecasts support construction of roughly one cryogenic plant at a time.
Leverage, Dividend Coverage and Operations At the end of the quarter, Kinetik reported leverage of 3.8 times and liquidity exceeding $1 billion. Howard said the company expects leverage to decline by year-end despite its elevated capital program and remains within its target leverage range of 3.5 times to 4 times.
The company paid a second-quarter dividend of $0.81 per share in late July. Dividend coverage improved to approximately 1.5 times from 1.2 times for full-year 2025. Management reaffirmed its framework for annual dividend growth of 3% to 5% on a base-case basis, with the potential for growth in line with cash flow once coverage reaches 1.6 times or more.
Welch attributed operational outperformance partly to multiyear work on the acquired Durango system, including pipe and facility repairs, measurement improvements, reliability work and efforts to reduce fuel, loss and unaccounted-for volumes. Wall said the company expects system performance to plateau at improved levels rather than continue making large gains, though management does not expect performance to move backward.
Separately, Kinetik said the ECCC Pipeline has entered service, creating a north-to-south connection across the western part of its system between Eddy and Culberson counties. The company expects rich-gas volumes on the pipeline to rise through the rest of the year as Kings Landing reaches full utilization. Its Kings Landing acid-gas injection and sour-conversion project remains on track for first-phase service by year-end, while the 40-megawatt Diamond Volt behind-the-meter power project is expected to enter service in the second quarter of 2027.
About Kinetik (NYSE:KNTK)Kinetik NYSE: KNTK is a publicly listed midstream energy company focused on the development, operation and management of natural gas infrastructure across the United States. The company's core business activities include the gathering, compression, processing, storage and transportation of natural gas, serving producers, utilities and industrial consumers. By integrating a suite of midstream services under a single platform, Kinetik aims to provide efficient, cost-effective and reliable solutions across the natural gas value chain.
The company was established in 2021 when assets were acquired from Talen Energy by a subsidiary of ArcLight Capital Partners, forming a comprehensive portfolio of pipelines, compression facilities and underground storage assets.
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Empowered Funds LLC ve 1. čtvrtletí zvýšila podíl v IDEX o 95,7 % na 8 418 akcií. IDEX zároveň oznámila za 2. čtvrtletí EPS 2,32 USD a tržby 920,60 mil. USD, nad odhady analytiků.
Empowered Funds LLC lifted its position in shares of IDEX Corporation (NYSE:IEX – Free Report) by 95.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,418 shares of the industrial products company’s stock after buying an additional 4,116 shares during the quarter. Empowered Funds LLC’s holdings in IDEX were worth $1,596,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Evelyn Partners Investment Management LLP grew its holdings in shares of IDEX by 10.8% in the first quarter. Evelyn Partners Investment Management LLP now owns 205,291 shares of the industrial products company’s stock valued at $38,913,000 after purchasing an additional 19,932 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in IDEX by 281.4% during the first quarter. Quantinno Capital Management LP now owns 114,480 shares of the industrial products company’s stock worth $21,700,000 after buying an additional 84,465 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in shares of IDEX during the 1st quarter valued at $2,047,000. SummitTX Capital L.P. raised its holdings in shares of IDEX by 15.6% in the first quarter. SummitTX Capital L.P. now owns 20,197 shares of the industrial products company’s stock worth $3,828,000 after buying an additional 2,732 shares during the last quarter. Finally, Quadcap Wealth Management LLC purchased a new stake in IDEX in the first quarter valued at $233,000. Institutional investors own 97.96% of the company’s stock.
Insiders Place Their Bets In related news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the transaction, the chief executive officer directly owned 66,658 shares in the company, valued at $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.
IDEX Trading Up 0.3% IDEX stock opened at $234.34 on Friday. The firm has a 50 day simple moving average of $223.71 and a 200-day simple moving average of $210.08. The stock has a market capitalization of $17.28 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. IDEX Corporation has a 12-month low of $157.25 and a 12-month high of $243.80.
IDEX (NYSE:IEX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The firm had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. During the same quarter in the previous year, the business posted $2.07 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, equities research analysts expect that IDEX Corporation will post 8.84 EPS for the current fiscal year.
IDEX Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a yield of 1.2%. IDEX’s payout ratio is currently 42.01%.
Wall Street Analysts Forecast Growth Several research analysts recently commented on the company. TD Cowen increased their price objective on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Stifel Nicolaus increased their price target on shares of IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. DA Davidson raised their price target on IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday. Argus upped their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Royal Bank Of Canada increased their price target on shares of IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and a consensus target price of $258.67.
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IDEX Profile (Free Report)
IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.
Operations at IDEX are organized into three principal segments.
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