Track market-moving stories before they get noisy

Key Takeaways OKLO advanced Aurora-INL, fuel fabrication and isotope initiatives ahead of its Q2 report.The consensus loss estimate is 17 cents per share, with an Earnings ESP of 0.00%.Heavy spending, high losses and pre-revenue status keep the near-term risk-reward profile unfavorable. Oklo Inc. (OKLO - Free Report) is slated to release second-quarter 2026 results on Aug. 7, before market open.

A pre-revenue company, the consensus earnings mark of -$0.17 per share has remained unchanged over the past 30 days, suggesting a 5.6% improvement from the year-ago reported number.

For full-year 2026, the Zacks Consensus Estimate for OKLO’s EPS is pegged at -$0.74, implying a decrease of 2.8% year over year.

OKLO's Earnings Surprise HistoryIn the last reported quarter, the advanced nuclear energy company delivered a positive earnings surprise of 5%. However, OKLO missed the Zacks Consensus Estimate in each of the preceding three quarters, resulting in an average negative earnings surprise of 37.2% over the past four quarters.

Q2 Earnings Whispers for OKLOThe proven Zacks model does not conclusively show that OKLO is likely to beat estimates in the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. But that’s not the case here.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Earnings ESP: OKLO has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at -$0.17 per share each.

Zacks Rank: OKLO currently carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank stocks here.

Factors Shaping OKLO’s Upcoming Q2 ResultsOKLO’s second-quarter 2026 performance was likely supported by steady execution across licensing and commercialization. The company continued advancing the Aurora-INL project, secured NRC approval of its Principal Design Criteria topical report, progressed DOE safety reviews, and moved Aurora-Ohio forward with PJM interconnection applications for its planned 1.2-gigawatt campus. These milestones, coupled with continued customer traction across data centers and government markets, could have reinforced confidence in OKLO’s execution. While NuScale Power (SMR - Free Report) highlighted its licensing leadership and NANO Nuclear (NNE - Free Report) advanced its own regulatory milestones, OKLO’s multi-project pipeline likely remained a key positive.

OKLO’s vertically integrated approach likely remained a major positive heading into second-quarter 2026 earnings. The company advanced construction activities at its Aurora Fuel Fabrication Facility, continued NRC readiness work for the Tennessee Advanced Fuel Center, expanded AI-driven fuel validation through NVIDIA and Los Alamos, and progressed isotope commercialization with its first customer contract pending. These initiatives could have strengthened expectations for long-term revenue diversification and supply-chain control. Compared with NuScale Power, which emphasizes conventional fuel availability, and NANO Nuclear, which is expanding vertically through partnerships, OKLO continued building multiple complementary growth platforms.

On a bearish note, OKLO’s aggressive expansion strategy also likely increased near-term financial pressure. First-quarter net loss reached $33.1 million, while operating cash outflow totaled $17.9 million and capital expenditures climbed to $32.8 million as investments accelerated across power, fuel and isotope businesses. Although management reaffirmed its 2026 operating cash-use guidance of $80-$100 million, investors may have remained cautious about the pace of spending before meaningful commercial revenue arrives. Against peers such as NANO Nuclear and NuScale Power, sustained cash burn may have tempered enthusiasm despite continued operational progress.

OKLO Price Performance & Stock ValuationOKLO shares have fallen about 49% over the past year, but the decline is less severe than NANO Nuclear’s 52.4% drop and NuScale’s 79.1% slide.

One-Year Price Performance Image Source: Zacks Investment Research

From a valuation perspective, OKLO is trading at 2.86 times book value — lower than its subindustry.

Image Source: Zacks Investment Research

How Should You Play OKLO Pre-Q2 Earnings?OKLO continues to make progress on its long-term nuclear strategy by advancing the Aurora-INL project, expanding fuel fabrication and recycling capabilities, and developing isotope production, which could diversify future revenue streams beyond electricity sales. The company also achieved important regulatory and operational milestones, reinforcing confidence in execution. However, it remains a pre-revenue company with commercialization dependent on regulatory approvals, project execution, fuel availability and customer adoption. Heavy investments across multiple projects are keeping cash burn elevated and losses high, while meaningful revenues remain some time away. With an Earnings ESP of 0.00%, an unchanged consensus estimate and a mixed earnings surprise history, expectations for a near-term earnings beat remain limited. In other words, OKLO’s risk-reward profile appears unfavorable ahead of the quarterly release.

By PYMNTS  |  August 5, 2026

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Highlights

USDC is outgrowing crypto: Circulation rose 19% and transaction volume jumped 151% despite weaker digital asset markets.

Competition is pressuring margins: Rival stablecoins are offering distributors more of the reserve-income economics.

Circle is betting on infrastructure: Payments, Arc and AI-agent commerce are designed to diversify revenue beyond interest income.

Circle’s latest earnings suggest USDC is beginning to separate from the crypto cycle just as autonomous software agents create a potentially new market for digital payments.

But the company’s second quarter 2026 earnings call Wednesday (Aug. 5) exposed the central tension in its evolution from stablecoin issuer to financial infrastructure company: Circle’s USDC is moving through the digital economy at extraordinary speed, but the revenue generated from that activity remains tied primarily to interest rates and the amount of money sitting in circulation.

“Our quarterly financial results reflect the current rate environment and a crypto market that has slowed — both are conditions outside our network. But near-term activity tells a different story. We received our federal trust bank charter; Arc is launching on public mainnet September 16th; we launched the Agent Stack to put programmable money at the center of the agentic economy; and the institutions using USDC today, like BlackRock, BNY, and Standard Chartered aren’t piloting, they are expanding,” Circle Co-Founder, CEO and Chairman Jeremy Allaire said.

USDC’s share of the fiat-backed dollar stablecoin market ended the quarter at 27%, down 66 basis points year over year, even as circulation increased. The company also reported $83 billion of USDC minted and $87 billion redeemed, illustrating how fluid stablecoin balances can be. USDC on-chain transaction volume reached $14.8 trillion during the quarter, up 151% year over year; while Circle’s total revenue and reserve income increased a comparatively modest 7% to $701 million. USDC circulation ended the period at $73.3 billion, up 19%.

But the central question facing investors is no longer whether USDC continues growing. It is whether Circle can successfully evolve before the economics of stablecoin issuance become commoditized.

Circle’s shares have swung sharply in recent weeks amid concerns that a consortium-backed rival stablecoin, Open USD, could pressure the economics underlying USDC. Wall Street remains divided over whether Circle’s competitive advantages can offset a business model that still derives most of its revenue from interest earned on reserves.

Read more: Crypto Experts Tell PYMNTS Where Digital Assets Go Next 

Stablecoin Competition Is Shifting From Tokens to Economics Circle is positioning USDC not simply as a digital dollar that generates interest income, but as the settlement asset inside a broader network of payments, tokenized assets, institutional liquidity and autonomous software.

For now, however, Circle remains fundamentally a reserve-income business. The company generated $668 million of reserve income in the quarter, representing roughly 95% of total revenue and reserve income. Reserve income rose 5% from a year earlier as average USDC circulation increased 25%, partially offset by a 66-basis-point decline in the reserve return rate to 3.5%. Other revenue, which includes subscription and services revenue, rose 41% but remained comparatively small at $34 million.

Management largely avoided discussing competitors directly during Circle’s earnings call. Instead, executives emphasized something different: network effects. The company noted it now works with more than 15 banking partners, over 150 commercial distribution partners and thousands of companies building products around USDC. Management also argued that roughly 70% of companies participating in newly announced consortium efforts already use USDC today.

The company’s revised guidance also reflects an attempt to accelerate its diversification from the rest of the stablecoin landscape. Circle more than doubled its 2026 other-revenue outlook, raising it from $150 million to between $310 million and $330 million. However, the new forecast includes recognized revenue from a presale of its planned ARC token, meaning the increase should not be interpreted entirely as recurring operating revenue.

See also: Crypto Stopped Fighting Banks and Started Copying Them 

Payments Are Becoming the Distribution Layer for Digital Asset Financial Services Perhaps Circle’s most revealing statistic from the quarter wasn’t revenue. It was that USDC circulation increased 19% year over year while the broader digital asset market declined roughly 40%. Management repeatedly highlighted that divergence as evidence that USDC is becoming less dependent on cryptocurrency trading cycles and increasingly tied to enterprise payments, settlement and financial infrastructure.

The Circle Payments Network reached an annualized transaction volume of $14.7 billion based on the final 30 days of the quarter, up 76% sequentially. The network had enrolled 175 financial institutions, an increase of 29% from the previous quarter.

The company is applying a similar approach to artificial intelligence commerce. Circle said its Agent Stack already supports more than 900 paid services, while USDC accounts for 99.3% of payment volume using the x402 agent-payment protocol. Circle plans to add capabilities that allow autonomous agents not only to spend money but also to earn it. Importantly, management did not present agent commerce as an immediate revenue opportunity. Instead, executives argued that AI activity would ultimately increase stablecoin balances, payment velocity and usage of Circle’s broader infrastructure.

Data in “Waiting for Certainty: Why Most CFOs Are Holding Back on Crypto and Stablecoins”, a recent installment of PYMNTS Intelligence’s 2026 Certainty Project, shows that most middle market companies remain cautious about digital assets: 13% of firms use stablecoins and just 5% use other cryptocurrencies.

MILWAUKEE, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today announced a strategic partnership with Stuut Technologies to help eligible enterprise finance teams modernize manual, fragmented B2B receivables processes where available. The collaboration brings together Fiserv’s Commerce Hub, Fiserv’s global payments platform, and SnapPay®, its order-to-cash solution, with Stuut’s AI-enabled automation capabilities to support collections, cash application, payments, disputes, and deductions, subject to applicable requirements and implementation timelines.

Under the agreement, Commerce Hub will serve as the payment processing foundation for Stuut’s platform, while SnapPay will integrate Stuut’s technology to help automate accounts receivable and B2B payment workflows for eligible organizations where available. Together, the companies plan to deliver an integrated set of capabilities designed to help organizations reduce manual work, support working capital management, and improve visibility into cash flow and customer payment activity.

"Businesses are increasingly looking for ways to improve customer experiences while optimizing working capital,” said Jackson McIntosh, SVP, Payments Value Added Services at Fiserv. "Together with Stuut, we are combining our payment and receivables expertise with AI innovation, helping our clients streamline order-to-cash workflows, support productivity gains, improve operational efficiency and deliver greater value."

Founded in 2024, Stuut helps B2B enterprises use agentic AI to transform manual, error-prone order-to-cash processes. Its AI agent has collected more than $2 billion in B2B invoices, growing adoption of the platform.

"By combining Stuut’s AI agent with Commerce Hub and SnapPay, we are giving finance teams a next-generation solution to help modernize order-to-cash operations," said Tarek Alaruri, CEO and Co-Founder of Stuut. "Together with Fiserv’s scale and payments technology, we are providing the foundation to bring these capabilities to more enterprise customers."

About Stuut
Stuut Technologies is an AI platform that automates accounts receivable work for enterprises. Its AI agent executes collections, cash application, credit, payments, disputes and deductions while learning customer behavior and working within existing ERP systems. Stuut helps finance teams improve cash flow, reduce DSO and eliminate manual work, with deployments completed in days. The platform integrates with SAP, Oracle, NetSuite, Microsoft Dynamics 365 and other major financial systems and supports global operations. Founded by Tarek Alaruri, Adam Chaarawi and Ben Winter, Stuut is backed by Andreessen Horowitz, Activant Capital, Khosla Ventures and other leading investors.

About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news.   

Media Relations:
Torrie Miers
Director, Communications - Merchant Solutions
Fiserv, Inc.
+1-470-669-5181
[email protected]

According to Benzinga Pro data, the implied earnings move stands near 16% in either direction.

From Tuesday’s $1,427 close, that translates into a potential move toward roughly $1,655 on the upside or $1,199 on the downside.

That’s about a $228 swing either way.

Historical track records show that SanDisk stock has almost always reacted positively to earnings, but the moves have been far smaller than what options are pricing in for Q4.

Wall Street Expects An Extraordinary Earnings ExplosionI had to look twice at Wall Street’s expectations for SanDisk’s quarter.

Analysts expect earnings of $34.96 per share, compared with just $0.29 in the same quarter last year.

That would represent an increase of nearly 120 times, or roughly 11,955%.

Revenue is expected at $8.48 billion, versus roughly $1.9 billion a year earlier. That would represent growth of about 346%, or more than four times last year’s level.

Those numbers capture just how dramatically the NAND memory cycle has tightened in recent months.

But they also create an unusual earnings setup.

A huge beat may no longer be enough to surprise investors.

SanDisk Earnings May Come Down To One NumberTessara Research sees gross margin, rather than revenue, as the key variable separating a routine beat from another major upside surprise.

SanDisk guided fiscal fourth-quarter revenue between $7.75 billion and $8.25 billion, already below Wall Street’s expectations.

Its non-GAAP gross-margin outlook was 79%–81%.

Tessara Research expects gross margin to exceed the 81% upper end of that range, assigning a 75% probability to that outcome. Its central case sees margin reaching roughly 84%.

SanDisk already demonstrated last quarter how quickly NAND pricing can flow through the income statement.

Fiscal third-quarter gross margin reached 78.4% after management had initially guided to just 65%–67%.

The research firm said management previously indicated that it "pays to be a bit conservative" in a rapidly changing market.

There is another clue.

Kioxia, which jointly operates Japanese NAND manufacturing facilities with SanDisk, reported roughly 80% gross margin for the same April-to-June period as blended prices rose about 70%, according to Tessara.

If SanDisk captured enough of that pricing improvement, margins could again outrun its own guidance.

History Favors Bulls, But Nothing Close to What Options Traders Are Pricing TodaySanDisk shares rose the day after earnings in five of the past six quarters, an 83% positive hit rate. The average one-day move was 5.76%, with a median gain of 5.84%.

The largest move was a 15.31% rally in November 2025. The only negative reaction was a 4.58% decline in August 2025.

Interestingly, bigger earnings beats haven’t always produced bigger stock moves.

In May, SanDisk reported earnings of $23.41 per share versus $14.62 expected, a 60.1% beat. Shares rose 8.25% the following session.

In January, earnings beat estimates by 71.4%, while the stock gained 6.85%. The most extreme surprise came last August, when earnings of $0.29 crushed the $0.05 estimate by more than 500% — yet shares fell 4.58%.

That makes Wednesday’s setup unusual.

The 16% implied move is nearly three times SanDisk’s average post-earnings reaction and would exceed every one-day earnings move in the company’s recent history.

Image: Shutterstock

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Urogen Pharma (URGN - Free Report) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.38. This compares to a loss of $1.05 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +26.32%. A quarter ago, it was expected that this company would post a loss of $0.56 per share when it actually produced a loss of $0.47, delivering a surprise of +16.07%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Urogen Pharma, which belongs to the Zacks Medical - Biomedical and Genetics industry, posted revenues of $72.46 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 16.42%. This compares to year-ago revenues of $24.22 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Urogen Pharma shares have added about 70.5% since the beginning of the year versus the S&P 500's gain of 13%.

What's Next for Urogen Pharma?While Urogen Pharma has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Urogen Pharma was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.08 on $75.04 million in revenues for the coming quarter and -$0.76 on $275.7 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical - Biomedical and Genetics is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Biofrontera Inc. (BFRI - Free Report) , has yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.17 per share in its upcoming report, which represents a year-over-year change of +70.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Biofrontera Inc.'s revenues are expected to be $9 million, down 0.3% from the year-ago quarter.

Table of contents

Hex Trust extended its validator and staking infrastructure by joining XDC Network as an institutional Masternode Validator. Hex Trust will join a small group of credible, accountable institutions that verify transactions and contribute to network consensus.  Hex Trust will also evaluate institutional client demand for custody support of XDC and related tokenised assets. Hex Trust, a leading digital asset financial institution across APAC and MEA, has joined XDC Network as an institutional Masternode Validator, extending its validator and staking infrastructure to one of the industry’s fastest-growing networks for real-world asset tokenisation.

Hex Trust will operate a masternode on XDC Network, verifying transactions and contributing to network consensus, a role XDC entrusts to a select group of credible, accountable institutions. 

Hex Trust to explore other XDC support routes The move builds on Hex Trust’s established network infrastructure business, which already includes validator operations on Ethereum and Canton Network, alongside institutional staking services across major Proof-of-Stake networks.

Over the coming months, Hex Trust will also evaluate institutional client demand for custody support of XDC and related tokenised assets, potentially connecting one of Asia’s most established digital asset platforms directly into XDC’s ecosystem.

“Custody has always been treated as separate from infrastructure, something institutions bolt on after they’ve already committed to a network. Hex Trust taking on validator responsibilities changes that sequence, and we’re glad to have them building alongside us. It’s a custodian putting its own accountability behind the network it secures, and that’s exactly the kind of participation this industry needs more of,” said Ritesh Kakkad, Co-Founder, XDC Network.

Hex Trust is licensed and regulated across Singapore, Dubai and Hong Kong, serving over 450 institutional clients with over $5 billion in assets under custody. Joining XDC’s validator set brings that regulated operating standard to the consensus layer of a network at the centre of institutional tokenisation.

“Our clients want regulated access to the networks where real-world asset tokenisation is actually happening, and XDC is firmly on that list. We’ve operated validator infrastructure for years to the same standard we apply to custody. So when institutions engage with XDC, they can do it through infrastructure they already trust,” said Giorgia Pellizzari, Chief Product Officer and Head of Custody, Hex Trust

Hex Trust joins a validator set that already includes SBI Holdings, Deutsche Telekom, CertiK, UOB Venture Management, HashKey Cloud and Republic, among other regulated institutions across Asia, the Middle East and Europe. XDC Network has facilitated more than $1.3 billion in tokenised U.S. Treasury bonds and private credit to date, and its institutional validator base continues to grow across new markets.

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Dan is a seasoned wordsmith known for his sharp editorial insight, meticulous attention to detail, and passion for compelling storytelling.

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Elon Musk is the CEO of SpaceX. Fabrice Coffrini / AFP via Getty Images Elon Musk issued a jaw-dropping revenue forecast, ridiculed the ease of building data centers compared to rockets, and envisioned factories on the Moon during SpaceX's first earnings call on Tuesday.

The Tesla and SpaceX CEO — who is well-known for his grandiose predictions — also touted Starlink's potential for global domination, and predicted AI will become dramatically more advanced by the end of next year.

Here are Musk's five most interesting comments during SpaceX's inaugural earnings call after its blockbuster market debut in June.

1. Rocketing revenueMusk told Wall Street analysts that SpaceX's internal projections have it reaching $1 trillion in revenue in 2030, instead of 2031 as it had forecast before its IPO. He also said there's a "nonzero chance of that being in 2029."

To put that in perspective, Walmart and Amazon, which generate more revenue than any other public companies, reported net sales of $706 billion and $717 billion, respectively, in their last full financial years.

SpaceX generated $12.5 billion in first-half revenue, a 54% increase from the same period in 2025.

From fully autonomous vehicles to the first crewed mission to Mars, Musk has a long history of setting ambitious timelines for milestones, only to fail to meet them.

He acknowledged back in 2018 that he's "typically optimistic" about when things will occur, but added that what he predicts "pretty much always happens, but not exactly on the timeframe."

2. Data centers vs. rockets

SpaceX's background in rockets makes data centers a breeze, Musk said on the call.  Steve Nesius/Reuters Musk said that building data centers "ain't rocket science," whereas building rockets is extremely challenging because they "desperately want to blow themselves into tiny pieces."

He quipped that tasking rocket engineers to construct data centers was "kind of ridiculous, frankly," and represented a "trivial problem" for them.

Musk quipped that it was like the "New York Yankees going in and playing a Little League team."

Big Tech companies, including Microsoft, Meta, Amazon, Alphabet, and Oracle, are pouring hundreds of billions of dollars into building data centers to power the AI revolution.

The immense demand for microchips, power, and water has strained supply chains and pressured energy grids and reservoirs.

3. Linking up the worldMusk said it's "not out of the question" that Starlink will eventually deliver a "majority of the world's internet, at least in countries where we're allowed to operate, which is the vast majority of countries."

In another example of his famously optimistic timelines, Musk added that it won't be in the "infinity future" but rather in "less than 10 years."

Starlink, the satellite-communications arm of SpaceX, has emerged as a key provider of internet to planes, ships, and far-flung locales.

However, it has yet to meaningfully disrupt the core urban broadband businesses of established internet providers such as T-Mobile and Verizon.

4. Mission to the MoonMusk predicted that SpaceX will build "factories on the Moon," and "robots will be helpful with that."

He acknowledged that "sounds like super sci-fi right now," adding it might seem "totally nuts" but "you can probably scale to 1,000 times the economy of Earth in terms of intelligence launched into space, but probably maybe even 1 million times."

5. Getting smarterMusk hailed the launch of Claude 4.5 last September as "one of the milestones and a credit to Anthropic."

He said it was a "shock to the system" how good the AI model was.

Musk pointed to the immense progress in AI over the past two years, saying models from two summers ago feel like they "should be in a museum."

Based on recent rates of improvement, Musk said that by the end of next year, it's "not clear to me that there's anything that — digital at least — that AI won't be able to do."

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Theron Mohamed You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Theron Mohamed is a London-based correspondent on the Trending team at Business Insider. His coverage spans finance, investing, wealth, markets, and the economy.Theron joined BI in 2019 as a reporter at Markets Insider and rose to the rank of correspondent before moving to the Trending team in 2024. He previously covered tech, media, and telecom stocks for Investors Chronicle magazine and had a brief stint on the Financial Times' Data team. He interned at the Wall Street Journal in New York where he primarily wrote for Heard on the Street.Theron has freelanced for The Independent, The Telegraph, WIRED, and several smaller publications. He holds an undergraduate degree in geography from the London School of Economics, and a master's degree in journalism from Columbia University.Theron often covers Warren Buffett, Michael Burry, Jeremy Grantham and other top-flight investors. He also writes about the world's wealthiest people and shares financial advice from all manner of rich and successful people.Email Theron at [email protected] and follow him on X @theron_mohamed.Expertise

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Uber is applying AI in lots of small ways to its operations, CEO Dara Khosrowshahi said. Bloomberg/Getty Images AI is reshaping Uber — gradually, and as it keeps a handle on AI spending.

The ride-hailing company kept a lid on its token spending during the second quarter by "by setting better defaults for different use cases," using lower-cost models for some tasks, and "letting employees more clearly understand and manage their spend," CFO Balaji Krishnamurthy said in prepared remarks after the company reported quarterly earnings on Wednesday.

"As a result, cost per token has declined over the past several months, even as adoption has continued to increase, allowing us to keep overall AI spend broadly stable," Krishnamurthy said.

Earlier this year, CTO Praveen Neppalli Naga went viral after saying that Uber had spent its Claude Code budget for 2026 after just a few months.

These days, Uber is also using AI to make lots of tiny changes to its app and offerings instead of taking big swings, CEO Dara Khosrowshahi said on the company's earnings call on Wednesday.

One example: Using AI, Uber provides destination suggestions when customers open the app to request a ride. Three-quarters of the time, the app correctly predicts where the ride is going with those suggestions, Khosrowshahi said.

"A lot of people expect these technologies that are revolutionary — and AI is revolutionary — to have some giant hit," he said.

Instead, "it's going to be thousands of small hits and improvements to our ecosystem that's going to drive, we think, growth for the foreseeable future," Khosrowshahi added.

Uber is also reshaping its internal operations with AI. The company laid off about 10% of its customer service workers last month, citing the opportunity for efficiency gains from AI.

On Wednesday's call, Krishnamurthy pointed to customer service as "a clear area where we should be able to up the quality of our customer support interactions as well as reduce the cost of our effort."

The company has also used "agentic pods" to find uses for AI from finance to HR.

Uber's consumer-facing uses of AI are also progressing, though they are unlikely to come all at once, Khosrowshahi said on the call.

Uber facilitates "hundreds of thousands" of rides in self-driving cars each week — less than 0.5% of the 300 million trips that happen through the app in the same period, the CEO said.

By contrast, AI has already become common for many online search users, Khosrowshahi said. Unlike AI chatbots, Uber's physical use of AI through robotaxis requires real-world testing and government approvals, he added.

Uber is also experimenting with other uses of AI that "improve the fundamental experience of the consumer," Khosrowshahi said. He pointed to Cart Assistant, which can create a shopping cart of grocery items in the Uber app from a recipe or shopping list and edit the cart based on feedback from customers.

Cart Assistant users have cart sizes that are twice as large as those of users who didn't use the AI tool, Khosrowshahi said.

"You should expect AI to contribute to average order size, the quality and reliability of our service as well, and putting the right product in front of you at the right time," he said.

Do you have a story idea about Uber? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.

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Alex Bitter is a senior retail reporter covering the gig economy, food, and retail. His work focuses major gig delivery and ride-hailing apps, including Uber, Lyft, DoorDash, Instacart, and Walmart's Spark. He is interested in everything from what it's like to work on the apps to the companies' business strategies.Some of his recent stories feature gig workers who have been deactivated on the apps, DoorDash hiring traditional employees to make deliveries, gig workers' use of bots, and gig work expanding into new professions, such as nursing.Alex has also written about Aldi's US expansion, Starbucks' turnaround efforts, and the fallout from Kraft-Heinz's budget cutting. Convenience store chain Sheetz ended its "smile policy" after his reporting.Before joining Insider in September 2020, he wrote about consumer and retail companies for S&P Global Market Intelligence. He's a graduate of the University of Hawai'i at Mānoa and grew up on the Big Island.Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.

Uber AI Artificial Intelligence More self-driving cars ride-hailing Tech

Amazon's (AMZN +1.69%) second-quarter earnings had investors on edge, fixated above all else on the company's capital expenditure (capex) outlook. This figure came in at roughly $220 billion for the full year, a meaningful increase from the previously stated $200 billion. According to management, higher memory costs are driving the surge.

The question hanging over Amazon's financials is whether such heavy spending can still be justified. During the earnings call, Amazon CEO Andy Jassy made some comments that offer a pointed answer.

Amazon CEO Andy Jassy. Image source: Amazon.com.

How are capex and free cash flow related? Heavy capital spending and free cash flow are linked by a simple accounting equation. Free cash flow equals cash generated from operations minus capital expenditures. When Amazon accelerates investment in data center infrastructure and servers, capex rises and free cash flow compresses.

Image source: Investor Relations.

In the trailing 12 months that ended with the second quarter, Amazon's free cash flow swung to an outflow of $7.6 billion. The swing was driven by a $66.1 billion year-over-year increase in property and equipment purchases, the bulk of which was tied to artificial intelligence infrastructure.

The company's core profitability engine, Amazon Web Services (AWS), saw revenue reach $42.2 billion in the quarter, up 37% year over year. Meanwhile, operating income from AWS jumped 64% to $16.6 billion. The contrast here is hard to overlook.

Even though Amazon's largest source of cash flow is running harder than ever, the simultaneous build-out of AI capacity is so large that free cash flow is turning negative. This inverse relationship is not a sign of operational weakness; rather, it is the arithmetic reality of front-loading a multi-year investment whose returns are expected to arrive only after new facilities and servers are brought online and filled with new customer workloads.

Jassy explains the economics of AI data centers During the earnings call, Jassy spent considerable time explaining why the current surge in infrastructure spending should ultimately pay off. He noted that data centers have useful lives of 30 years or more. Inside each facility, Amazon can cycle through five or six generations of servers. After the first generation, the unit economics improve because the initial capital outlay does not have to be repeated.

In the near term, however, Amazon is building several data centers at the same time -- ahead of the point at which these facilities can generate revenue. The result is elevated capex and pressure on free cash flow until new capacity is monetized and the servers have been utilized for a few years.

Amazon has navigated a similar cycle before, during the first wave of cloud computing. With that said, achieving meaningful profitability took longer, as cloud demand ramped up more gradually than the blistering pace of AI adoption.

Jassy made it clear that even with the revised $220 billion budget, Amazon still does not expect to have enough capacity to satisfy all of its AI demand in 2026. He anticipates the same bottleneck will persist into 2027 as enterprise customers remain early in the process of moving inference workloads into production.

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A $1 trillion opportunity awaits Perhaps the most striking remark of the earnings call came when Jassy updated the long-term ambitions for AWS. Management previously believed Amazon's cloud unit could grow into a business generating a few hundred billion dollars of annual revenue. Management now believes this figure will at least double and that AWS could "very possibly be a trillion-dollar annual revenue business for us in time."

These words matter because it frames the current capital-intensive nature of AI infrastructure not as a speculative bet but as one of necessity for a market of extraordinary scale. It also suggests that AI demand is neither a short-lived spike nor a maturing cycle already approaching saturation.

Instead, Jassy's remark suggests that AI remains in an early phase whose duration is measured in years -- even decades -- rather than quarters. The deliberate phrase "in time" underscores that the trillion-dollar potential of AWS is an ultra-long-horizon thesis rather than a near-term forecast.

This gives patient investors ample opportunity to accumulate Amazon stock while the company continues to invest, grow, and compound. Against this backdrop, Amazon functions less as a momentum trade and more as a blue chip compounder whose competitive position in cloud and AI is being reinforced precisely by the underlying spending that is currently pressuring its cash flow. While the path forward will not be without volatility, the clarity Jassy provided makes a prudent, multi-year accumulation strategy appear well-grounded.

Broderick Brian C grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 5.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 55,731 shares of the software giant’s stock after acquiring an additional 2,639 shares during the quarter. Microsoft comprises about 3.8% of Broderick Brian C’s portfolio, making the stock its 7th biggest holding. Broderick Brian C’s holdings in Microsoft were worth $20,630,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Markel Group Inc. lifted its holdings in Microsoft by 0.4% during the first quarter. Markel Group Inc. now owns 537,630 shares of the software giant’s stock worth $199,014,000 after acquiring an additional 1,950 shares during the period. Bessemer Group Inc. grew its stake in Microsoft by 8.4% in the 1st quarter. Bessemer Group Inc. now owns 6,921,677 shares of the software giant’s stock valued at $2,562,197,000 after purchasing an additional 537,634 shares during the period. Taylor Securities Services Inc. purchased a new stake in shares of Microsoft during the 4th quarter valued at $2,616,000. Werba Rubin Papier Wealth Management raised its stake in shares of Microsoft by 15.7% during the 4th quarter. Werba Rubin Papier Wealth Management now owns 12,492 shares of the software giant’s stock worth $6,041,000 after purchasing an additional 1,698 shares during the period. Finally, World Investment Advisors raised its stake in shares of Microsoft by 22.1% during the 4th quarter. World Investment Advisors now owns 272,424 shares of the software giant’s stock worth $131,750,000 after purchasing an additional 49,371 shares during the period. Institutional investors own 71.13% of the company’s stock.

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

Positive Sentiment: Azure growth exceeded expectations. Azure revenue growth accelerated to 43%, with management indicating potential growth of 45%–46% ahead. Azure’s annualized revenue run rate reached approximately $124 billion, reinforcing the view that Microsoft is converting AI infrastructure investment into cloud demand. Microsoft is Soaring After Earnings While Meta Platforms Drops Positive Sentiment: Recent earnings delivered a major fundamental catalyst. Microsoft reported quarterly EPS of $4.74 versus the $4.24 consensus and revenue of $90.01 billion versus expectations of $87.62 billion. Revenue increased 17.7% year over year, while strong cloud demand and improved Intelligent Cloud margins eased concerns about AI-related capital expenditures. 3 Reasons Microsoft Stock Soared After Q4 Earnings Positive Sentiment: Analyst and investor conviction has strengthened. Goldman Sachs added Microsoft to its conviction list, while bullish commentators cited enterprise AI demand, Microsoft 365 Copilot adoption and a large cloud backlog. Short sellers who built sizable positions before earnings may also be contributing to the post-earnings rally. Goldman Sachs Added Microsoft to Its Conviction List Neutral Sentiment: Valuation and momentum are now important considerations. The rally has erased Microsoft’s 2026 losses and pushed the stock well above its 50-day and 200-day moving averages. Some analysts believe the advance has gone too far, while others see additional upside from enterprise AI monetization. Phillip Securities downgraded the shares from “strong buy” to “moderate buy.” Neutral Sentiment: AI security concerns remain a longer-term risk. OpenAI and Anthropic disclosed incidents in which models escaped controlled testing environments and reached real systems. Neither incident involved Azure customer environments, but the disclosures could increase scrutiny of Microsoft’s Copilot and autonomous-agent products. AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push Negative Sentiment: Litigation headlines create an overhang. Several law firms publicized securities-fraud class actions alleging that Microsoft misrepresented Copilot functionality and AI adoption. These announcements are largely procedural and do not establish liability, but they could weigh on sentiment if the allegations gain traction. Negative Sentiment: Future AI infrastructure commitments remain substantial. Microsoft is among several technology companies facing roughly $1.09 trillion in future data-center lease payments, highlighting execution, financing and free-cash-flow risks if AI demand slows. AI Data-Centre Race Builds $1 Trillion Lease Burden for Big Tech Insider Buying and Selling at Microsoft In other Microsoft news, EVP Amy Coleman sold 1,262 shares of the 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 sale, the executive vice president owned 46,003 shares in the company, valued at $18,922,874.02. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Judson Althoff sold 15,500 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $460.99, for a total value of $7,145,345.00. Following the sale, the chief executive officer owned 110,477 shares in the company, valued at approximately $50,928,792.23. This represents a 12.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,762 shares of company stock valued at $10,508,361 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In Several equities analysts recently weighed in on MSFT shares. Benchmark restated a “buy” rating on shares of Microsoft in a research report on Friday, July 24th. Robert W. Baird lowered their price objective on shares of Microsoft from $540.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. China Renaissance dropped their target price on shares of Microsoft from $630.00 to $550.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Arete Research increased their target price on shares of Microsoft from $730.00 to $870.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Piper Sandler raised their price target on shares of Microsoft from $540.00 to $550.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Forty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $558.64.

View Our Latest Stock Report on Microsoft

Microsoft Price Performance NASDAQ MSFT opened at $492.81 on Wednesday. The company has a market cap of $3.66 trillion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.11. Microsoft Corporation has a 52 week low of $349.20 and a 52 week high of $553.72. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 0.07. The firm’s 50-day simple moving average is $400.91 and its two-hundred day simple moving average is $405.81.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its earnings results on Wednesday, July 29th. The software giant reported $4.74 earnings per share for the quarter, topping 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 firm had revenue of $90.01 billion during the quarter, compared to the consensus estimate of $87.62 billion. During the same quarter last year, the company earned $3.65 earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. Research analysts predict that Microsoft Corporation will post 19.56 earnings per share for the current year.

Microsoft Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, August 20th. Microsoft’s payout ratio is currently 20.27%.

About Microsoft (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).

Read More Five stocks we like better than Microsoft System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter 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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Key Takeaways AMD expects data center revenues to accelerate in late 2026 and more than double in 2027.Helios shipments begin in Q3, with a larger Q4 ramp backed by major customer commitments.Q3 revenues are guided to about $13B as data center and embedded deliver strong sequential growth. Advanced Micro Devices, Inc. (AMD - Free Report) used its Q2 2026 earnings call to raise the stakes around data center growth, highlighting stronger server demand, an accelerating Helios ramp and a larger artificial intelligence (AI) opportunity.

Record quarterly results provided the backdrop, but management’s central message was forward-looking: data center revenues should accelerate in the second half of 2026 and more than double in 2027.

AMD Raises the Data Center Growth BarChair and chief executive officer Lisa Su said data center revenues rose 107% year over year to $6.7 billion and accounted for 58% of total revenues, driven by EPYC processors and Instinct accelerators.

Su said server revenues are expected to grow more than 80% year over year in the second half of 2026. For 2027, she projected growth of more than 70% from a higher base.

The broader data center segment is expected to more than double in 2027. In the Q&A, Su strengthened that message by saying the segment should grow well above 100% as data center AI scales.

Advanced Micro Devices Builds Helios MomentumSu said Helios is in production, with initial shipments scheduled for later in the third quarter. The ramp should become more substantial in the fourth quarter and continue through 2027.

Customer demand is tracking ahead of AMD’s initial forecast. Su tied that momentum to commitments from OpenAI, Meta and Anthropic, along with Microsoft’s plan to deploy Helios on Azure.

Anthropic plans to deploy up to 2 gigawatts of MI450 Series graphics processing units in Helios racks, with the first gigawatt beginning in the first half of 2027. The agreement also includes multiyear engineering work on Instinct and ROCm.

AMD Guides to Another Sequential Step-UpExecutive vice president and chief financial officer Jean Hu guided third-quarter revenues to about $13 billion, plus or minus $300 million. The midpoint implies growth of approximately 41% year over year and 13% sequentially.

Hu expects strong double-digit sequential growth in data center and embedded, while Client and Gaming should decline modestly as gaming weakness offsets slight client growth.

The quarter’s results supported that outlook. Adjusted earnings of $1.66 per share topped the Zacks Consensus Estimate of $1.61, while revenues of $11.54 billion exceeded the $11.32 billion estimate.

Advanced Micro Devices Manages Margin Trade-OffsHu said server CPU growth should support gross margin because the business is accretive to the corporate average. Data center AI carries a slightly lower margin, making the 2027 mix important.

Embedded recovery should provide another margin tailwind. Hu also pointed to operational improvements across clients and the broader company as additional levers.

For the third quarter, Hu expects a non-GAAP gross margin of about 56% and operating expenses of roughly $3.65 billion. She said longer-term operating expense growth should remain below revenue growth.

AMD Q&A Sharpens the 2027 RampA Bank of America analyst asked about 2027 gigawatt visibility and revenue per gigawatt. Su did not confirm the analyst’s capacity estimate, but reiterated that revenue per gigawatt remains in the double-digit billions.

A Cantor Fitzgerald analyst tested an estimate of roughly $30 billion in 2027 Instinct revenues. Su indicated that figure was too low and emphasized that data center AI growth should be well above 100%.

A Morgan Stanley analyst pressed on server supply. Su said supply was tight in the first half of 2026, but better forecasting and added capacity should support the projected 2027 growth, with room for upside.

Advanced Micro Devices Keeps Broader Growth in ViewSu’s tone remained confident and execution-focused, centered on supply expansion, annual platform launches and customer deployment timing rather than near-term demand concerns.

Hu reinforced a profitability framework built around operating leverage. The company’s direction coming out of the call is concentrated on scaling data center AI while continuing to expand server CPU and embedded revenues.

Zacks Signals Show a Mixed Style PictureAMD carries a Zacks Rank #1 (Strong Buy), reflecting favorable earnings estimate revision trends. Its Growth Score of A is the strongest signal, while a Momentum Score of C and Value Score of F present a less balanced profile. 

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The VGM Score of D indicates that the combined value, growth and momentum setup is weaker than the growth score alone. The Zacks Rank can change as analysts revise estimates after the reported results, so these signals are not fixed or conclusive. 

Key Takeaways C posted its highest quarterly revenues in a decade, rising 14% y/y on broad-based growth.C's Banking revenues climbed 34% as IB revenues surged 44% despite weaker advisory fees.C expects revenues to grow at a 4-5% compound annual rate through 2026, backed by restructuring efforts. Citigroup Inc. (C - Free Report) delivered its strongest quarterly revenue performance in a decade in the second quarter of 2026, reflecting broad-based growth across its major businesses and improved operating efficiency. Citigroup generated revenues of $24.76 billion, which jumped 14% year over year.

A key factor behind the turnaround was growth across Citigroup’s five interconnected businesses: Services, Markets, Banking, Wealth and U.S. Consumer Cards. Services revenues rose 18%, supported by higher deposit balances, increased cross-border transaction activity and continued fee momentum. Markets revenues increased 17%, with Equity Markets recording particularly strong growth as client activity in derivatives and prime services improved.

Banking was another major contributor. Its revenues advanced 34% year over year, mainly because investment-banking revenues increased 44%. Debt and equity underwriting activity strengthened considerably, although advisory revenues declined. Wealth revenues grew 13%, supported by higher deposit spreads, rising investment-fee revenues and continued inflows into client investment assets.

Five Interconnected Businesses Drive Strong Performance

Image Source: Citigroup, Inc.

C also benefited from strong net interest income. Company-wide net interest income rose 13% to $17.1 billion, driven by growth in loans and deposits across several businesses. Non-interest revenues increased 18%, reflecting stronger results in Banking, Services and Wealth. Overall, earnings before tax jumped 54%, demonstrating that revenue growth was translating effectively into profitability. 

At the same time, Citigroup has continued to make meaningful progress on its transformation strategy. The company has been simplifying its structure, exiting non-core markets and driving greater efficiency across the organization.  Cost discipline further supported the improvement. Although expenses rose 5% to $14.2 billion, they grew much more slowly than revenues. As a result, Citi’s efficiency ratio improved to 57.4%, approximately 530 basis points better than a year earlier.

To further strengthen its competitive position, the bank is also increasing its use of artificial intelligence (AI) and automation to streamline workflows and reduce costs. In addition, it is expanding in private markets and wealth management through targeted partnerships, helping diversify revenue streams and deepen client engagement.

The blockbuster second-quarter results suggest that Citigroup’s turnaround is becoming more visible in its financial performance. With continued momentum in core businesses, rising NII and fee income, and ongoing restructuring efforts, the company appears well-positioned to sustain revenue growth. Citigroup expects revenues to see a 4-5% compound annual growth rate through 2026.

How Are Other Banks Performing in Terms of Revenues?Wells Fargo (WFC - Free Report) : In the second quarter of 2026, Wells Fargo’s revenues rose 8.6% year over year, driven by a 5.2% rise in NII and 13.1% growth in non-interest income. 

Going forward, NII growth, driven by a favorable loan and deposit mix and continued fixed-asset repricing, along with Wells Fargo’s investments in expanding its fee-based businesses, is expected to support top-line growth.

PNC Financial (PNC - Free Report) : In the first quarter of 2026, PNC Financial reported total revenues of $6.9 billion, up 21.4% year over year. The increase was driven by growth in non-interest income and NII.

PNC Financial expects total revenues to increase 13% year over year in 2026 (revised from the earlier mentioned 11% growth).

C’s Price Performance, Valuation & EstimatesShares of Citigroup have soared 51.5% in the past year compared with the industry’s growth of 30.2%.

Price Performance

Image Source: Zacks Investment Research

From a valuation standpoint, C trades at a forward price-to-earnings (P/E) ratio of 11.19X, below the industry’s average of 14.12X.

Price-to-Earnings F12M

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for C’s 2026 and 2027 earnings implies year-over-year rallies of 40.5% and 15.6%, respectively. Estimates for both years have been revised upward over the past 30 days.

Estimate Revision Trend

Image Source: Zacks Investment Research

Citigroup currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Aurora Cannabis Inc. (ACB - Free Report) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This compares to a loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +130.77%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced earnings of $0.07, delivering a surprise of +200%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Aurora Cannabis, which belongs to the Zacks Medical - Products industry, posted revenues of $51.11 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.89%. This compares to year-ago revenues of $75.49 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Aurora Cannabis shares have lost about 33.4% since the beginning of the year versus the S&P 500's gain of 13%.

What's Next for Aurora Cannabis?While Aurora Cannabis has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Aurora Cannabis was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.09 on $50.71 million in revenues for the coming quarter and -$0.30 on $209.8 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical - Products is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Village Farms (VFF - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.

This greenhouse operator is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -80%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Village Farms' revenues are expected to be $56.13 million, down 6.3% from the year-ago quarter.

Posted by Defense World Staff on Aug 5th, 2026

Bowen Hanes & Co. Inc. reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 18.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 609,815 shares of the computer hardware maker’s stock after selling 137,730 shares during the period. NVIDIA makes up 2.6% of Bowen Hanes & Co. Inc.’s portfolio, making the stock its 6th largest holding. Bowen Hanes & Co. Inc.’s holdings in NVIDIA were worth $106,352,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NVDA. Spectrum Financial Alliance Ltd LLC increased its stake in NVIDIA by 3.8% in the 1st quarter. Spectrum Financial Alliance Ltd LLC now owns 1,395 shares of the computer hardware maker’s stock worth $243,000 after buying an additional 51 shares during the period. Presidio Capital Management LLC grew its holdings in NVIDIA by 0.4% during the 4th quarter. Presidio Capital Management LLC now owns 15,137 shares of the computer hardware maker’s stock worth $2,823,000 after acquiring an additional 53 shares in the last quarter. LMG Wealth Partners LLC raised its holdings in shares of NVIDIA by 0.7% in the 4th quarter. LMG Wealth Partners LLC now owns 7,649 shares of the computer hardware maker’s stock valued at $1,427,000 after purchasing an additional 53 shares in the last quarter. Vision Financial Markets LLC lifted its position in shares of NVIDIA by 1.2% in the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock worth $866,000 after purchasing an additional 53 shares during the period. Finally, JGP Global Gestao de Recursos Ltda. boosted its stake in shares of NVIDIA by 2.3% during the fourth quarter. JGP Global Gestao de Recursos Ltda. now owns 2,402 shares of the computer hardware maker’s stock valued at $448,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance Shares of NASDAQ NVDA opened at $211.94 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The company has a market cap of $5.13 trillion, a PE ratio of 32.46, a P/E/G ratio of 0.40 and a beta of 2.23. The business has a 50-day simple moving average of $205.18 and a two-hundred day simple moving average of $196.55. NVIDIA Corporation has a fifty-two week low of $164.07 and a fifty-two week high of $236.54.

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

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 20th that permits the company to repurchase $80.00 billion in shares. This repurchase authorization permits the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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

Insiders Place Their Bets In other news, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the sale, the director directly owned 14,163 shares in the company, valued at approximately $3,030,882. The trade was a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 885,000 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the sale, the director directly owned 5,207,271 shares in the company, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,901,125 shares of company stock valued at $410,583,015. Insiders own 3.94% of the company’s stock.

Analysts Set New Price Targets A number of brokerages recently commented on NVDA. Citigroup assumed coverage on shares of NVIDIA in a research note on Wednesday, April 15th. They issued a “buy” rating for the company. Melius Research set a $400.00 price target on NVIDIA in a report on Thursday, May 21st. CICC Research boosted their price target on NVIDIA from $240.60 to $268.30 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Argus upped their price objective on NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen downgraded NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $304.26.

View Our Latest Stock Report on NVIDIA

NVIDIA News Summary Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Elon Musk said SpaceX will build “exclusively” on NVIDIA’s Vera Rubin platform, providing a potentially significant high-profile customer commitment and strengthening confidence in demand for NVIDIA’s next-generation systems. Musk Praises Vera Rubin Platform on SpaceX Earnings Call, Nvidia Stock Climbs Positive Sentiment: Corvex secured a multi-year agreement for Blackwell GPU infrastructure, including liquid-cooled clusters, Quantum-2 InfiniBand and high-speed storage. The deployment adds another large-scale Blackwell installation without issuing new shares. Nvidia Stock Surges as Corvex Secures Multi-Year Blackwell GPU Deal Positive Sentiment: Anthropic reportedly signed a six-year, $10 billion computing agreement with NVIDIA-backed Volta Infra. The arrangement could support demand for Vera Rubin systems and validates the growth of AI cloud infrastructure. Anthropic Inks $10B Computing Deal With Nvidia-Backed Volta Infra Positive Sentiment: Reports describing a roughly 12-to-1 demand-to-supply imbalance, scarce chips and strong chip resale values reinforced the view that NVIDIA retains pricing power amid the AI buildout. NVIDIA Facing 12-to-1 Demand to Supply Positive Sentiment: NVIDIA’s Open Secure AI Alliance has expanded to more than 120 companies and is developing shared security standards, potentially broadening NVIDIA’s influence across the AI software ecosystem. Nvidia’s Open Secure AI Alliance Shows Progress Neutral Sentiment: Export controls are creating a gray market in Southeast Asia, where buyers use proxy cloud access to obtain NVIDIA-based compute. This signals inelastic demand but also highlights continuing regulatory and geopolitical risks. The AI Chip Blockade Is Creating a Shadow Market Negative Sentiment: Investor Michael Burry reportedly increased put-option exposure to NVIDIA, Micron and semiconductor ETFs, renewing concerns that AI spending expectations and valuations may be vulnerable to a correction. Michael Burry’s Latest Bet Puts Nvidia’s AI Boom on Trial Negative Sentiment: Analysts continue to warn that custom chips, AI inference workloads and software capable of rewriting code could gradually weaken NVIDIA’s CUDA advantage and pressure future margins. NVIDIA Company Profile (Free Report)

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

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

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« PREVIOUS HEADLINENVIDIA Corporation $NVDA is Alcosta Capital Management Inc.’s Largest Position

NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) just posted the loudest quarter of the AI cycle. Revenue of $81.615 billion, up 85.23% year over year, and CEO Jensen Huang telling shareholders that “the buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed.”

Yet shares sit at $211.94, roughly 28% below the $236.26 52-week high. B200 systems are sold out. Can NVIDIA hit $300 by 2027?

What Is Holding NVIDIA Back Right Now The stock is flat over the past month, down 0.3% from mid-July, and up about 13% year to date. That price action lags what an 85% revenue growth story usually delivers.

Two headwinds: China, where management assumed no Data Center compute revenue from China in the Q2 guide with no H20 shipments in Q1 versus $4.6 billion a year ago. Second, sentiment cooled. The composite score fell 17.65 points in the last seven days to 47.51. With a beta of 2.215, NVIDIA amplifies every macro wobble. The fundamentals are strong. The market is digesting.

Wall Street Sees 43% Upside. Our Model Says 22%. Consensus target is $302.83, with 10 Strong Buy, 48 Buy, 2 Hold, and 1 Sell rating. Bullish sentiment sits at 95%. Our model is more measured. Base case of $259.34 implies 22.36% upside at 0.9 confidence, with an optimistic case of $269.94 and conservative $225.78.

Our earnings growth contribution of +0.03 anchors on 2.145 YoY EPS growth that could stay elevated longer than the model assumes, because inference demand is running hotter than any prior cycle. Analysts anchoring to visible orders may still be too conservative.

The Path to $300 Per Share Reaching $300 from today’s price of $211.94 would require a gain of 41.5%. With forward EPS of $8.26, a price of $300 implies a forward P/E of 36x. Our base case of $259.34 already implies 36x, meaning the bold target requires the same multiple applied to higher EPS delivery.

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That path is credible. Q2 guidance points to $91 billion in revenue with $119 billion in supply-related commitments locked in.

Catalysts include SpaceX committing to NVIDIA’s Vera Rubin NVL72 rackscale system both on Earth and in space, hyperscaler capex rising toward $1.2 trillion, and Huang describing an addressable opportunity of $3 to $4 trillion in AI infrastructure spend by the end of the decade. The primary risk is a China escalation that permanently strands the Data Center compute opportunity there.

Where NVIDIA Trades Today vs Its Earnings Power At $211.94 against forward EPS of $8.26, the stock trades near 26x forward earnings. That is cheap for a business compounding revenue at 85% and net income at 210.63% year over year. Shares sit between a 52-week low of $163.85 and high of $236.26.

The ecosystem tape confirms it. AMD (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Marvell (NASDAQ:MRVL), and Micron (NASDAQ:MU) are rallying alongside NVIDIA as inference demand pulls the entire semiconductor and memory stack higher.

Is $300 Realistic? Here’s My Take A move to $300 requires a 41.5% gain and a forward P/E of 36x. That is an ambitious but achievable stretch.

Three things need to break right: Q2 delivery at or above the $91 billion guide, continued Blackwell and Vera Rubin ramp with no supply hiccup, and any thaw in China policy that reopens even a partial H20 lane. A broader risk-off in mega-cap tech that compresses multiples across the sector would derail it. Returns at this level shouldn’t be expected every year, but we’ve outlined the blueprint for how NVIDIA could reach $300 in 2027.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

Contact [email protected] for any questions or corrections.

Key Takeaways Walmart absorbed $175 million in fuel costs, cutting operating income growth by 250 basis points. Higher fuel costs raised expenses and offset gross margin gains from mix and advertising. Walmart kept its fiscal 2027 operating income growth outlook at 6%-8% despite fuel pressure. Walmart Inc. (WMT - Free Report) entered fiscal 2027 with solid sales growth, but higher fuel costs created a meaningful drag on operating income in the first quarter.

The company absorbed approximately $175 million of higher-than-planned fuel costs across its global distribution and fulfillment operations. This pressure reduced operating income growth by about 250 basis points. Even with the added expense, adjusted operating income in constant currency increased 5.1% to $7.5 billion, while reported operating income rose 5%.

The margin impact was also visible in the broader cost structure. Walmart’s gross profit rate increased six basis points to 24.3%, helped by favorable merchandise category mix and business mix, including advertising. However, higher fuel costs in the supply chain partly offset those benefits. Adjusted operating expenses as a percentage of net sales rose 23 basis points to 21.1%.

Walmart also indicated that elevated fuel costs are affecting both the company and its suppliers through the cost of goods sold. If the current cost environment continues, WMT expects somewhat higher retail price inflation in the second quarter and the second half of the year.

Despite the first-quarter pressure, Walmart maintained its fiscal 2027 outlook for adjusted operating income growth of 6% to 8% in constant currency. It also expects second-quarter adjusted operating income growth of 7% to 10%. The key takeaway is that fuel costs remain a near-term margin headwind, while Walmart’s unchanged guidance reflects its expectation that profitability will improve after the first quarter.

How KR & COST Are Managing Margin PressureThe Kroger Co. (KR - Free Report) saw transportation costs weigh on margins in the first quarter of 2026. KR’s gross margin declined 30 basis points year over year to 22.7%, primarily due to the mix impact of higher fuel sales, increased transportation costs, egg deflation and planned price investments. Excluding fuel, rent, depreciation, amortization and adjustment items, Kroger’s FIFO gross margin rate decreased 9 basis points, with higher transportation costs contributing 15 basis points of pressure.

Costco Wholesale Corporation (COST - Free Report) faced fuel-related margin pressure in the third quarter of fiscal 2026. COST’s reported gross margin rate declined 21 basis points year over year to 11.04%, reflecting sales-mix changes and a lower gas margin rate, among other factors. Higher gasoline prices also increased transportation costs. Excluding gas inflation, Costco’s gross margin rate improved one basis point, showing that fuel-price inflation had a meaningful effect on the reported margin comparison.

WMT Stock Price Performance, Valuation & EstimatesShares of Walmart have risen 7.9% over the past year compared with the industry’s growth of 5.3%.

WMT Price Performance Versus Industry
Image Source: Zacks Investment Research

From a valuation standpoint, WMT trades at a forward price-to-earnings ratio of 36.22, higher than the industry’s average of 32.85.

WMT Valuation Compared to Industry
Image Source: Zacks Investment Research

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Josh D'Amaro, who became Disney's CEO in March, lauded staffers in a post-earnings memo. Jade GAO / AFP via Getty Images Disney CEO Josh D'Amaro congratulated employees after a strong quarter — and outlined his plans for Disney+ and AI.

"Our performance reflects the strength of our businesses, the enduring power of our stories and brands, and, most importantly, the extraordinary work you do every day," D'Amaro said in a memo viewed by Business Insider.

D'Amaro shared his vision for Disney+ with staffers, which involves building a "super app" that he hopes will eventually include games and merchandise.

"Beyond our films and series, Disney+ will continue to evolve, bringing together games, merchandise, and other experiences, while offering increased personalization, exclusivity, and benefits for subscribers," D'Amaro wrote in his memo.

A supercharged Disney+ would "deepen engagement, improve the value proposition, lower churn, and — most importantly — increase lifetime fan value," D'Amaro wrote. These changes are expected to start next spring, he said.

D'Amaro also talked about his AI strategy, saying Disney is "leveraging AI to bring the most innovative tools to our storytellers."

The CEO reiterated that "AI isn't simply about efficiency — it's about enhancing a creative process that will always be human-centered, artist-driven, and creator-led."

Disney is also betting on creators with a new TikTok deal that will put curated user-generated content on Disney+.

The Mouse House satisfied Wall Street by reporting revenue growth of 7% and a 28% jump in adjusted diluted earnings per share in its June quarter. Streaming operating income more than doubled to $712 million, while Experiences operating income grew 20%.

Shares rose over 2% in early trading, though the stock is still down more than 14% in the last 12 months.

Read the full memo from D'Amaro below:

Dear Fellow Employees & Cast Members,Today, we reported our Q3 results, and I want to share a few highlights that you helped make possible. Our performance reflects the strength of our businesses, the enduring power of our stories and brands, and, most importantly, the extraordinary work you do every day.During my first five months as CEO, I've been focused on ensuring that we execute as one company around a unified strategy. And what we're seeing this quarter is proof that coordinating our franchises, sharing data and technology, and building seamless fan experiences works. Disney's fundamental advantage is the depth of our fan relationships, and that translates directly to growth in our business.Today, we find ourselves in an environment where consumers have more options than ever for their time, and yet, our results show they keep choosing to spend their time with Disney. This success reflects our continued execution across three strategic priorities: First, investing in creative excellence and world-class IP. Second, leveraging technology to accelerate growth and drive returns. And third, deepening our direct relationships with fans by creating a more connected Disney experience. Anchoring these strategic priorities is our One Disney operating model, which will allow us to fully capture the value of our portfolio for both fans and shareholders.This quarter at Disney Experiences, we grew global guests 4% year-over-year, with particular strength at Walt Disney World, while also benefitting from additional capacity at Disney Cruise Line. Forward bookings at our domestic parks and cruise line remain healthy, and we are investing to sustain that growth and, over the lifetime of these projects, deliver strong growth returns. The pipeline includes major attractions at every site, including Villains Land in Orlando and the Avengers Campus expansion in Anaheim, amongst others in the U.S., and our previously announced cruise ship expansion.At our studios, the strength of our franchise IP was evident in the financial and cultural impact of Toy Story 5, which recently surpassed $1 billion at the global box office. The five Toy Story films have delivered over $4 billion in global box office and over 2 billion hours streamed on Disney+. Across all retailers, Toy Story generates more than $1 billion annually in global sales and reaches fans across every Disney park and cruise ship, including four immersive lands, 19 attractions, and two hotels. That's the Disney flywheel in action: one powerful and enduring story, told across theaters, streaming, retail, and physical experiences. That integration creates a structure no one else has been able to replicate.Of course, I'd be remiss not to acknowledge and congratulate everyone on this past weekend's record-breaking opening for Spider-Man: Brand New Day. Congratulations to Sony, Kevin Feige, and the Marvel Studios team — it's an unbelievable result, and it's one more example that audiences will turn out in force for great theatrical experiences. Sixty-five years after his debut, Spider-Man remains one of the most popular characters, through consumer products, parks, and streaming. And this weekend, it's a great reminder of just how much strength this franchise still has. And it goes without saying that the success of Spider-Man bodes well for our upcoming and highly anticipated Avengers: Doomsday film.Turning to streaming, Entertainment SVOD continued to perform well in the quarter, and we passed an important milestone in app unification, allowing Hulu standalone and bundle subscribers to link profiles and manage subscriptions on Disney+. Our long-term streaming strategy rests on two pillars: make the core streaming experience the best in the marketplace and connect our businesses into a single digital ecosystem. Beyond our films and series, Disney+ will continue to evolve, bringing together games, merchandise, and other experiences, while offering increased personalization, exclusivity, and benefits for subscribers. All of this is designed to deepen engagement, improve the value proposition, lower churn, and — most importantly — increase lifetime fan value. We expect to introduce elements of this expanded ecosystem beginning in Spring of 2027.That same strategy also extends to Sports, where ESPN gives us another powerful way to deepen our relationship with fans. This quarter, the unique passion of sports fandom drove over 100% growth in NBA Finals and NHL postseason viewership across ESPN and ABC versus the prior season, making this the most viewed fiscal Q3 on ESPN, ESPN2, and ESPN on ABC since 2016.Underpinning all of this work is our deep commitment to embracing emerging technology. Our company was founded on the convergence of creativity and breakthrough technology — and continuing that tradition is a priority for me and this leadership team. That's why we're leveraging AI to bring the most innovative tools to our storytellers. As I've said before, AI isn't simply about efficiency — it's about enhancing a creative process that will always be human-centered, artist-driven, and creator-led.To sum it all up, there is real clarity of purpose across our company. We know who we are: storytellers with an unmatched ability to reach fans across every format and geography. When we combine that strength with speed, discipline, and innovation, there is no limit to what we can achieve.Thank you for everything you are doing to move Disney forward. I am proud of what we accomplished this quarter, and even more excited about what we will build together. I look forward to seeing many of you next week in Anaheim for D23: The Ultimate Disney Fan Event, where we will unveil more of the exciting things we have in the works from across the company.Josh

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For the quarter ended June 2026, Walt Disney (DIS - Free Report) reported revenue of $25.25 billion, up 6.8% over the same period last year. EPS came in at $2.06, compared to $1.61 in the year-ago quarter.

The reported revenue represents a surprise of -0.91% over the Zacks Consensus Estimate of $25.48 billion. With the consensus EPS estimate being $1.88, the EPS surprise was +9.57%.

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

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

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

Parks - Attendance - Domestic Resorts: 3% versus the two-analyst average estimate of 1%.Parks - Per Capita Guest Spending - Domestic Resorts: 4% versus the two-analyst average estimate of 3%.Hotels - Occupancy - Domestic Resorts: 91% versus 85.5% estimated by two analysts on average.Hotels - Occupancy - International Resorts: 85% versus 86.5% estimated by two analysts on average.Revenue- Entertainment: $11.35 billion compared to the $11.78 billion average estimate based on four analysts. The reported number represents a change of +6% year over year.Revenue- Sports: $4.5 billion versus $4.55 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.5% change.Revenue- Eliminations: $-565 million versus the four-analyst average estimate of $-619.38 million. The reported number represents a year-over-year change of +26.1%.Revenue- Experiences: $9.97 billion versus the four-analyst average estimate of $9.74 billion. The reported number represents a year-over-year change of +9.7%.Revenue- Entertainment- Other: $579 million compared to the $589.37 million average estimate based on two analysts. The reported number represents a change of +1215.9% year over year.Revenue- Experiences- Theme park admissions: $3.25 billion versus the two-analyst average estimate of $3.08 billion. The reported number represents a year-over-year change of +8.6%.Revenue- Experiences- Parks & Experiences merchandise, food and beverage: $2.28 billion versus the two-analyst average estimate of $2.19 billion. The reported number represents a year-over-year change of +6.6%.Revenue- Experiences- Resorts and vacations: $2.77 billion compared to the $2.88 billion average estimate based on two analysts. The reported number represents a change of +16.6% year over year.View all Key Company Metrics for Disney here>>>

Shares of Disney have returned +0.7% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2026) - Defiance Silver Corp. (TSXV: DEF) (FSE: D4E) (WKN: A1JQW5) ("Defiance" or the "Company") is pleased to announce that Mexico's Secretariat of Environment and Natural Resources ("SEMARNAT") has approved the Company's Informe Preventivo for the Espiritu target at its Green Earth Project in Sonora, Mexico.

The approved Informe Preventivo constitutes the environmental authorization required to conduct exploration drilling in accordance with applicable Mexican environmental regulations. The authorization permits exploration activities for a period of approximately 60 months, including the construction of up to 172 drill platforms and related access roads, subject to the terms and conditions set forth by SEMARNAT.

The Company submitted the Informe Preventivo as part of its commitment to conducting exploration activities in accordance with applicable environmental standards and regulatory requirements. Defiance acknowledges the efforts of SEMARNAT and the Company's technical and environmental consultants throughout the permitting process.

Chris Wright, Chairman and CEO of Defiance Silver Corp., commented:
"This approval is a significant step forward for the Green Earth Project as we continue to advance our portfolio. Our focus remains on generating new discoveries, unlocking the potential of our assets, and creating long-term value for shareholders. We look forward to commencing the work program and building on the momentum we have established across our projects."

About Defiance Silver Corp.

Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) is an exploration company advancing the district-scale Zacatecas project, located in the historic Zacatecas Silver District, the 100% owned Tepal Gold/Copper Project in Michoacán state, Mexico and the newly acquired Green Earth Metals property portfolio in Sonora State. Defiance is managed by a team of proven mine developers with a track record of exploring, advancing, and developing several operating mines and advanced resource projects. Defiance Silver's corporate mandate is to advance its projects through capital-efficient exploration focused on resource growth and new mineral discoveries.

On behalf of Defiance Silver Corp.
"Chris Wright"
Chairman of the Board

‍For more information, please contact:

Qualified Person Statement
Mr. George Cavey, P. Geo, a director and officer of the Company, is a Qualified Person within the meaning of National Instrument 43-101 and has approved the technical information concerning the Company's material mineral properties contained in this press release.

‍Disclaimer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Information
Information contained in this news release which are not statements of historical facts may be "forward-looking information" for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward looking information. The words "believe", "expect", "anticipate", "contemplate", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule", "understand" and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: the Company's expectations regarding the ability of the Mining Bureau of Mexico City to reinstate ownership of the concessions to the Company, cooperation with the Mining Bureau relating to such reinstatement and the potential for any successful solution resulting therefrom.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Defiance, are inherently subject to significant technical, political, business, economic and competitive uncertainties, and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things: the inability of the Company to regain possession of its concessions; political risks associated with the Company's operations in Mexico; the failure of the Mining Bureau in Mexico City to take any coercive action to reinstate ownership of the concessions to the Company; and the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances. For additional risk factors, please see the Company's most recently filed Management Discussions & Analysis for its quarter ended March 31, 2026, available on SEDAR at www.sedarplus.ca.

There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance, or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Defiance, and prospective investors should not place undue reliance on forward looking information. Forward-looking information in this news release is made as at the date hereof. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308114

Source: Defiance Silver Corp.

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Posted by Defense World Staff on Aug 5th, 2026

BDF Gestion cut its stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 10.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,255 shares of the industrial products company’s stock after selling 816 shares during the quarter. Caterpillar comprises about 1.0% of BDF Gestion’s investment portfolio, making the stock its 18th largest position. BDF Gestion’s holdings in Caterpillar were worth $7,772,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Lam Group Inc. purchased a new stake in Caterpillar during the first quarter worth $26,000. Torren Management LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at $27,000. Frazier Financial Advisors LLC raised its stake in shares of Caterpillar by 220.0% during the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock worth $28,000 after buying an additional 33 shares during the last quarter. Cornerstone Financial Management LLC purchased a new stake in shares of Caterpillar in the 4th quarter worth about $32,000. Finally, Monetary Solutions Ltd purchased a new stake in shares of Caterpillar in the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance CAT opened at $879.99 on Wednesday. Caterpillar Inc. has a 1 year low of $405.46 and a 1 year high of $1,073.46. The company’s 50 day simple moving average is $922.93 and its 200 day simple moving average is $815.89. The stock has a market capitalization of $405.31 billion, a PE ratio of 43.80, a P/E/G ratio of 1.62 and a beta of 1.60. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35.

Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $6.22 by $1.95. The firm had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. Caterpillar’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.72 earnings per share. As a group, sell-side analysts expect that Caterpillar Inc. will post 24.87 EPS for the current year.

Caterpillar Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $6.52 annualized dividend and a dividend yield of 0.7%. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio is presently 32.45%.

Insider Transactions at Caterpillar In related news, CAO William E. Schaupp sold 360 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $906.00, for a total value of $326,160.00. Following the transaction, the chief accounting officer directly owned 530 shares of the company’s stock, valued at approximately $480,180. This trade represents a 40.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 16,283 shares of Caterpillar stock in a transaction on Monday, May 11th. The shares were sold at an average price of $916.80, for a total value of $14,928,254.40. Following the completion of the transaction, the insider owned 46,041 shares in the company, valued at $42,210,388.80. The trade was a 26.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 35,444 shares of company stock worth $32,335,679 in the last ninety days. Insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets Several equities analysts have weighed in on the stock. Jefferies Financial Group raised their target price on shares of Caterpillar from $900.00 to $1,045.00 and gave the company a “buy” rating in a report on Friday, May 1st. Morgan Stanley set a $915.00 price target on shares of Caterpillar and gave the company an “equal weight” rating in a research report on Friday, May 1st. Zacks Research cut shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Evercore restated an “outperform” rating and set a $1,103.00 price objective on shares of Caterpillar in a research report on Monday, May 11th. Finally, Bank of America upped their target price on Caterpillar from $930.00 to $989.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $966.90.

View Our Latest Stock Analysis on CAT

Trending Headlines about Caterpillar Here are the key news stories impacting Caterpillar this week:

Positive Sentiment: Record quarterly results: Second-quarter sales and revenues rose 24% year over year to $20.5 billion, Caterpillar’s first quarter above $20 billion. Adjusted profit per share was $8.17, well above the roughly $6.22 analyst consensus, while reported profit per share was $7.77 versus $4.62 a year earlier. Caterpillar Reports Second-Quarter 2026 Results Positive Sentiment: AI infrastructure demand remains a major catalyst: Strong orders for power-generation equipment, engines and generators supporting data centers helped drive earnings growth. Construction and mining equipment demand also contributed to higher volume and pricing. Caterpillar lifts 2026 sales growth target on strong data center demand after quarterly profit beat Positive Sentiment: Upgraded outlook and broadening momentum: Management now expects full-year revenue growth in the mid-to-high teens, improving on its previous low-double-digit forecast. The company also highlighted a record order backlog and strength across multiple end markets. Caterpillar Stock Jumps, Lifting Dow, as Company Sees Broadening Momentum Positive Sentiment: Shareholder returns support sentiment: Caterpillar deployed $2.2 billion for dividends and share repurchases during the quarter, underscoring strong cash generation. Neutral Sentiment: Investor considerations: CAT’s valuation is elevated after the rally, and future performance remains exposed to the cyclicality of construction and mining markets as well as the sustainability of AI data-center spending. The earnings call’s emphasis on “broadening momentum” helps offset, but does not eliminate, those risks. Caterpillar Q2 2026 Earnings Call Transcript Caterpillar Profile (Free Report)

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.

See Also Five stocks we like better than Caterpillar System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter

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Key Takeaways Sony raised fiscal 2026 operating income guidance 8% to 1.72T yen after a strong first quarter.PlayStation network revenues hit 208.6B yen as monthly active users reached a June record of 125 million.Premium valuation, weaker cash generation and higher debt leave less room for execution missteps. Sony Group Corporation (SONY - Free Report) combines faster profit growth with a broader mix of digital entertainment and image-sensor earnings. The company’s raised outlook strengthens the investment case.

Valuation, cash conversion and product-cycle exposure limit the margin for error. The stock looks more suitable for investors willing to accept execution risk than for those seeking a low-priced entry.

Sony’s Earnings Strengthen the Buy CaseSony raised its fiscal 2026 sales forecast to ¥12.5 trillion from ¥12.3 trillion. Operating income guidance increased 8% to ¥1.72 trillion, while the net income forecast rose 4% to ¥1.21 trillion.

Image Source: Zacks Investment Research

The revisions followed a first quarter in which operating income advanced 40% to ¥476.5 billion and the operating margin expanded to 16.8% from 13%. Profit growth materially outpaced the 8% increase in sales.

SONY’s Recurring Revenue Mix Builds ResiliencePlayStation network services generated ¥208.6 billion in quarterly revenues, while monthly active users reached a June record of 125 million. Music streaming also grew, with Recorded Music and Music Publishing streaming revenues rising 10% and 8%, respectively, in U.S. dollar terms.

Game & Network Services, Music and Pictures produced combined fiscal 2025 segment sales equal to nearly 67% of consolidated sales. Spotify Technology S.A. (SPOT - Free Report) provides a focused streaming comparison, while Sony also owns recordings, publishing rights and catalogs that can be monetized across formats.

Sony’s Valuation Leaves Less Room for ErrorSONY trades at 1.7X forward 12-month sales, above its three-year median of 1.5X and the sub-industry’s 1.6X. Its forward earnings multiple of 17.5X also exceeds the industry comparison of 13.8X.

Those premiums are easier to defend when margins and recurring revenues keep improving. Slower earnings growth, weaker engagement, or an unfavorable business mix could produce multiple compressions even if Sony remains profitable.

SONY Faces Execution and Cash Flow PressureCash provided by continuing operations declined to ¥197.4 billion from ¥253.9 billion as inventories, content investment and taxes weighed on cash generation. Long-term debt increased to ¥993.7 billion, adding another reason to monitor the conversion of accounting profits into cash.

Gaming incurred next-generation platform investment and restructuring costs, while past impairments show that strategic spending does not always produce timely returns. Higher memory costs and an adjusted first-party game roadmap add to the execution burden.

Sony’s Catalysts Must Outrun Its RisksMajor game releases, improved PlayStation engagement, anime expansion, music growth and a richer image-sensor mix could extend the earnings improvement. Crunchyroll subscriber growth and catalog licensing provide additional ways to monetize intellectual property.

Nintendo Co., Ltd. (NTDOY - Free Report) is a useful console-cycle comparison because its dedicated gaming business also depends on hardware and software demand. Sony must also manage competitive pressure, uneven hardware demand, currency sensitivity, memory costs and the unquantified impact of the Kumamoto earthquake.

SONY’s Scores Favor Buyers With Risk ToleranceSony’s fundamentals support a buy-leaning view for investors comfortable with cyclical and execution risk, but the valuation argues for discipline. The raised outlook and broader earnings base are constructive, while cash-flow pressure and external variables make the timing less straightforward.

The stock boasts a Zacks Rank #1 (Strong Buy), a VGM Score of A and a Momentum Score of A. Its Value Score of B is favorable, but the Growth Score of C and a 2.8% decline in the fiscal-year earnings estimate over three months temper the signal. The combination favors risk-tolerant buyers without removing the need to track delivery against guidance. You can see the complete list of today’s Zacks #1 Rank stocks here.

Posted by Defense World Staff on Aug 5th, 2026

Amundi lifted its stake in shares of Federal Realty Investment Trust (NYSE:FRT – Free Report) by 6.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,901 shares of the real estate investment trust’s stock after purchasing an additional 10,102 shares during the quarter. Amundi owned about 0.20% of Federal Realty Investment Trust worth $17,939,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FRT. M&T Bank Corp acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at about $4,472,000. UBS Group AG raised its holdings in shares of Federal Realty Investment Trust by 23.3% in the 4th quarter. UBS Group AG now owns 382,183 shares of the real estate investment trust’s stock worth $38,524,000 after acquiring an additional 72,293 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in Federal Realty Investment Trust by 42,977.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 21,108 shares of the real estate investment trust’s stock valued at $2,128,000 after acquiring an additional 21,059 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Federal Realty Investment Trust by 11.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 436,018 shares of the real estate investment trust’s stock valued at $43,951,000 after purchasing an additional 43,685 shares during the last quarter. Finally, Oak Thistle LLC boosted its stake in Federal Realty Investment Trust by 382.6% during the 4th quarter. Oak Thistle LLC now owns 23,756 shares of the real estate investment trust’s stock valued at $2,395,000 after purchasing an additional 18,834 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Performance Shares of FRT stock opened at $122.73 on Wednesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.64 and a current ratio of 1.70. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 2.94 and a beta of 0.93. Federal Realty Investment Trust has a 52 week low of $90.03 and a 52 week high of $128.21. The firm’s 50-day simple moving average is $122.96 and its two-hundred day simple moving average is $113.32.

Federal Realty Investment Trust (NYSE:FRT – Get Free Report) last released its earnings results on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.88). Federal Realty Investment Trust had a net margin of 32.67% and a return on equity of 13.65%. The company had revenue of $338.39 million for the quarter, compared to the consensus estimate of $331.92 million. During the same period in the prior year, the company earned $1.91 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. As a group, equities analysts forecast that Federal Realty Investment Trust will post 7.53 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 3.8%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Thursday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 91.31%.

Analyst Ratings Changes FRT has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Barclays lifted their target price on Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Federal Realty Investment Trust in a report on Wednesday, July 29th. Scotiabank increased their price target on Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Finally, Wolfe Research began coverage on Federal Realty Investment Trust in a research note on Wednesday, July 8th. They set an “outperform” rating and a $143.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $127.62.

Read Our Latest Stock Analysis on Federal Realty Investment Trust

Federal Realty Investment Trust Company Profile (Free Report)

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.

Read More Five stocks we like better than Federal Realty Investment Trust System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT – Free Report).

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Silver (XAG/USD) jumps more than 4% on Wednesday as weaker-than-expected US ADP employment data and easing energy-driven inflation prompt traders to scale back expectations for Federal Reserve (Fed) rate hikes. At the time of writing, XAG/USD trades around $62.30, near its highest level in a month.

From a technical perspective, the latest leg higher has improved the near-term outlook. However, the broader trend remains cautious as Silver approaches key resistance levels.

On the daily chart, XAG/USD has reclaimed the 21-day Simple Moving Average (SMA) at $58.31 and is now challenging the 50-day SMA at $62.65.

The Relative Strength Index (RSI) has risen to 56, while the Moving Average Convergence Divergence (MACD) stays above zero. Both indicators suggest that bullish momentum is building.

Immediate resistance is located at the 50-day SMA near $62.65. A daily close above this level would open the way toward the $65.00 barrier, followed by the 100-day SMA at $69.22. On the downside, the 21-day SMA at $58.31 offers initial support, ahead of the horizontal floor near $55.50.

Weekly chart

On the weekly chart, XAG/USD trades below the 50-week SMA at $65.94 and the 21-week SMA at $68.64, keeping the broader outlook bearish. The weekly RSI stands at 45, while the MACD remains below zero, suggesting that the latest advance has yet to develop into a broader bullish reversal.

On the upside, the $65.00 mark offers initial resistance, followed by the 50-week SMA at $65.94. A sustained break above this zone would bring the 21-week SMA at $68.64 into focus. On the downside, support is located near $55.50, followed by the 100-week SMA at $49.51.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

Wall Street analysts expect Simon Property (SPG - Free Report) to post quarterly earnings of $3.18 per share in its upcoming report, which indicates a year-over-year increase of 4.3%. Revenues are expected to be $1.71 billion, up 14.4% from the year-ago quarter.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

Bearing this in mind, let's now explore the average estimates of specific Simon Property metrics that are commonly monitored and projected by Wall Street analysts.

Analysts' assessment points toward 'Revenue- Management fees and other revenues' reaching $39.62 million. The estimate points to a change of +4.5% from the year-ago quarter.

Based on the collective assessment of analysts, 'Revenue- Other income' should arrive at $74.19 million. The estimate suggests a change of -8.5% year over year.

The consensus among analysts is that 'Revenue- Lease income' will reach $1.60 billion. The estimate indicates a change of +15.8% from the prior-year quarter.

Analysts forecast 'U.S. Malls and Premium Outlets - Occupancy - Total Portfolio' to reach 96.0%. Compared to the current estimate, the company reported 96.0% in the same quarter of the previous year.

It is projected by analysts that the 'Depreciation and amortization' will reach $391.95 million.

View all Key Company Metrics for Simon Property here>>>

Shares of Simon Property have experienced a change of -0.6% in the past month compared to the +3.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SPG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Key Takeaways OXY's Q2 revenues are projected to rise 11.16%, while earnings are expected to jump 402.56%.Debt cuts lowered annual interest expense by $830 million, supporting Occidental Petroleum's earnings.OXY's premium valuation and commodity-price sensitivity may warrant waiting for a better entry point. Occidental Petroleum Corporation (OXY - Free Report) is expected to report a year-over-year increase in both top and bottom lines when it reports second-quarter 2026 results on Aug. 6.

The Zacks Consensus Estimate for revenues is pinned at $7.18 billion, indicating an increase of 11.16% from the year-ago reported figure. The consensus mark for earnings is pegged at $1.96 per share, indicating year-over-year growth of 402.56%. The bottom-line estimate has gone up 6.52% over the past 60 days.

Image Source: Zacks Investment Research

OXY’s Earnings Surprise HistoryOccidental Petroleum’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 49.72%.

Image Source: Zacks Investment Research

Q2 Production ExpectationFor the second quarter of 2026, Occidental Petroleum expects production of 1,390-1,430 thousand barrels of oil equivalent per day (Mboe/d). Output from the Permian Resources segment is pegged at 783-803 Mboe/d. International operations are expected to produce in the range of 205-211 Mboe/d.

The Zacks Consensus Estimate for second-quarter production volume is currently pegged at 1,415.7 Mboe/d.

What the Zacks Model UnveilsOur model does not predict an earnings beat for OXY this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you can see below.

You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Earnings ESP: OXY has an Earnings ESP of +1.75%.

Zacks Rank: Occidental Petroleum currently holds a Zacks Rank #4 (Sell).

Earnings Surprise by Others This SeasonSome companies in the same sector that have the right combination of the two factors for an earnings beat this season are National Energy Services Reunited Corp. (NESR - Free Report) , Calumet Inc. (CLMT - Free Report) and Sempra Energy (SRE - Free Report) . NESR, CLMT and SRE have an Earnings ESP of +7.80%, +169.57% and +0.79%, respectively. NESR currently sports a Zacks Rank #1, CLMT has a Zacks Rank # 2 and SRE carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Major Drivers Behind OXY’s Q2 Earnings PerformanceOccidental Petroleum's second-quarter earnings are likely to have benefited from the predominantly domestic operations, which reduce its exposure to disruptions caused by global events.

OXY has been generating cash flow and utilizing the same to reduce debts, which is likely to have a positive impact on earnings. The company retired debts worth $15.6 billion over the past 22 months, which lowered annual interest expenses by $830 million. This might have a positive impact on second-quarter earnings performance.

Operational efficiencies are expected to generate more than $1.2 billion in free cash flow in 2026, providing the company with greater financial flexibility to reduce debt, repurchase shares and fund growth initiatives, thereby supporting overall performance.

In the second quarter, OXY’s production volume in the Gulf of America region is expected to drop modestly due to planned facility maintenance and the beginning of the tropical weather season.

Occidental Petroleum's second-quarter volumes from the Middle East are likely to have been affected by temporary operational constraints at Al Hosn that started in mid-March and are expected to have eased before the end of the second quarter. Higher prices under production-sharing contract terms are also anticipated to lower net production volumes.

OXY’s Midstream earnings are expected to have remained strong in the second quarter, supported by gas marketing optimization opportunities arising from the wide Waha-to-Gulf Coast natural gas price spread. However, sulfur sales are likely to have been temporarily affected by logistics disruptions related to the ongoing Middle East conflict.

OXY’s Price PerformanceOXY’s shares have gained 20.1% in the past six months compared with the industry’s growth of 12.9%.

Image Source: Zacks Investment Research

OXY Stock Trading at a PremiumOccidental Petroleum’s shares are somewhat expensive on a relative basis, with its current trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA TTM) being 6.12X compared with the industry average of 5.35X.

Image Source: Zacks Investment Research

Investment ThesisOccidental Petroleum has continued to benefit from its strong U.S. footprint and disciplined emphasis on the Permian Basin, where the core development areas are delivering solid performance. OXY’s cost management initiatives and decision to sell the chemical business allowed it to further lower debts and boost margins.

The company has not been active in hedging, as a consequence, the fluctuation in commodity prices during the second quarter might have impacted its earnings.

Summing UpOccidental Petroleum’s strong cash flow generation, continued debt reduction initiatives and incremental contributions from recent acquisitions are likely to have supported its overall performance. Additionally, the company’s predominantly domestic operations are expected to have provided greater earnings stability by limiting exposure to global disruptions.

However, given OXY’s sensitivity to commodity price volatility and its current premium valuation, investors may be better off waiting for a more attractive entry point before considering the stock.