Track market-moving stories before they get noisy

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:

Wall Street expects ExxonMobil Holdings Corp. (NYSE:XOM) to report quarterly earnings of $4.08 per share on revenue of $103.47 billion before the opening bell, according to data from Benzinga Pro. ExxonMobil shares rose 0.8% to $184.72 in after-hours trading. Coinbase Global Inc. (NASDAQ:COIN) mixed third-quarter financial results. Coinbase reported third-quarter revenue of $1.216 billion, down 35% year-over-year. The revenue total missed a Street consensus estimate of $1.230 billion, according to data from Benzinga Pro. The company reported adjusted earnings of 27 cents per share, beating a Street consensus estimate of a loss of 6 cents per share. Coinbase shares fell 4.7% to $152.98 in the after-hours trading session. Analysts are expecting Chevron Corp. (NYSE:CVX) to post earnings of $4.88 per share on revenue of $61.11 billion for the latest quarter. The company will release earnings before the markets open. Chevron shares gained 1.2% to $234.29 in after-hours trading. Check out our premarket coverage here

Amazon.com Inc. (NASDAQ:AMZN) reported weaker-than-expected financial results for the third quarter after the market close on Thursday. Amazon posted third-quarter revenue of $201.94 billion, missing the consensus estimate of $202.31 billion, according to Benzinga Pro. The company reported earnings of $1.89 per share for the quarter, missing estimates of $1.97 per share. Amazon expects fourth-quarter revenue to be between $240 billion and $247 billion versus estimates of $244.51 billion. Amazon shares tumbled 7.3% to $225.99 in the after-hours trading session. Analysts expect AutoNation Inc. (NYSE:AN) to post quarterly earnings of $5.08 per share on revenue of $6.97 billion before the opening bell. AutoNation shares rose 3.3% to close at169.34 on Thursday. Photo via Shutterstock

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Verizon Communications (VZ +1.11%) shares fell nearly 9% on Oct. 9, its worst day since 2002, after Space Exploration Technologies (SpaceX) acquired nationwide spectrum, setting up the prospect of a Starlink mobile service. Yet Verizon's latest quarterly report showed a healthy business behind a dividend yielding more than 6%. Here's why the stock looks worth holding for years.

VZ Verizon Communications$43.66+$0.48 (+1.11%)

NYSE · As of 4:00 PM ET 10/29/26

Verizon pays $0.7075 per share each quarter, or about $2.83 per year, yielding about 6.5% at roughly $43.50 per share on Oct. 26. The company has raised its payout for 20 consecutive years. Free cash flow -- the cash left after running and upgrading the network -- rose 12% to $7.8 billion in the third quarter, and management raised its full-year growth forecast to nearly 12%.

Dividend payments accounted for about 58% of free cash flow over the past year, leaving plenty of room to sustain the dividend even if Verizon experienced a soft year for results. CFO Tony Skiadas said Verizon remains "committed to growing the dividend."

Image source: Getty Images.

Importantly, Verizon is winning phone customers on value, not promotional giveaways. CEO Dan Schulman pointed to its Simplicity plan, loyalty program, and phone-plus-home-internet bundles, which help build a loyal customer base that sticks with Verizon rather than switching to a competing carrier. "We are not buying customers. We are winning them on revenue-positive terms and keeping them longer," he said.

Verizon added a net 406,000 customers on monthly phone plans -- typically its most valuable customers -- up 820% from a year earlier, and fewer customers are leaving each month.

If SpaceX launches its own service, it will get its share of the business, but it won't control 100% of the market. The wireless carrier market is already very competitive. Leaders like AT&T and Verizon have a large retail presence, providing in-person customer service that will be difficult to dislodge.

With cash flow covering the dividend and customers staying longer, Verizon still looks like a solid long-term income investment.

John Ballard has positions in Space Exploration Technologies. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy.

Amazon and Intel shares were down in premarket trading on Friday after they reported September quarter numbers that disappointed investors, dragging Nasdaq futures down 2% and capping off a week of rough tech earnings.

Amazon shares were down 7% in premarket trading, while Intel was down 25%.

Amazon reported a third-quarter miss on the top and bottom line while maintaining its capital expenditure forecast for 2026 of $220 billion this year. Amazon also reported negative free cash flow for the second consecutive quarter, much larger than the previous period.

Investors are nervous about the massive AI spending from the tech giants and whether that will pay off.

On Thursday, Alphabet shares closed 13% lower, its worst single-day drop in history after it too reported ballooning negative free cash flow.

Microsoft shares rose after it remained cash flow positive in the September quarter.

This is a developing story. Please check back for more.

Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again?Caterpillar NYSE: CAT reported record third-quarter sales and a sharply higher backlog as demand remained strong across power generation, construction and resource industries, with the company maintaining its full-year outlook for mid- to high-teens revenue growth.

Sales and revenue rose 17% year over year to a quarterly record of $20.7 billion, while adjusted profit per share increased 45% to $7.20. Adjusted operating profit totaled $4.3 billion and adjusted operating margin was 20.6%, up 310 basis points from the prior-year quarter.

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Insider Sales Eclipse $450M Across 3 AI Winners, With NVIDIA Leading the PackChairman and CEO Joe Creed said the results reflected “the durability of our end markets,” citing strong order rates across Caterpillar’s three primary segments. Backlog reached a record $78 billion, up about $38 billion, or 96%, from the third quarter of 2025. It was the fourth consecutive quarter of sequential backlog growth in each of the company’s primary segments.

Power generation demand drives growth
Power & Energy sales increased 18% to $8.8 billion, with segment profit rising 31% to $2.1 billion. Segment margin expanded 250 basis points to 24.4% as higher volume offset increased costs associated with capacity expansion, freight and materials.

5 Reasons the S&P 500 Could Keep Rallying Through Year-EndSales to users in Power & Energy rose 36%, led by a 75% increase in power-generation sales as customers continued to seek turbines and large reciprocating engines for data-center applications. Oil-and-gas sales to users rose 5%, supported by turbines and related services, while industrial sales declined amid softness in the Europe, Africa and Middle East region.

Creed said Caterpillar is taking orders for large reciprocating engines into 2029 and turbine orders into 2030. The company expects power-generation growth in 2026 to be driven by energy demand associated with data-center construction, cloud computing and generative artificial intelligence, as well as rising prime-power demand.

To expand large-engine production, Caterpillar plans to use part of its Winston-Salem, North Carolina, facility as a second assembly and testing location for its 3600 Series reciprocating engines. The project is intended to support oil-and-gas customers’ natural-gas compression needs and contributes to the company’s goal of nearly tripling large reciprocating-engine capacity from 2024 levels by 2030.

During the question-and-answer session, Creed said the company expects to ship its first restarted 10-megawatt MaK engine units during the fourth quarter and continue ramping production in 2027.

Construction and mining activity remain supportive
Construction Industries sales increased 18% to $8 billion, while profit rose 33% to $1.8 billion. The segment’s operating margin increased 250 basis points to 22.9%, supported by pricing and volume growth, partly offset by freight, tariff, technology and digital-investment costs.

Construction sales to users increased 20%, marking the seventh consecutive quarter of year-over-year growth. North American sales to users rose 27%, aided by dealer rental fleet investment and demand from residential and nonresidential construction activity. Caterpillar said loading of rental fleets was exceptionally strong in the quarter.

The company also highlighted its Major Projects dealer-owned rental joint venture, launched last quarter to serve large North American infrastructure, energy, manufacturing and data-center projects. Creed said the initiative supplements local dealer fleets and has seen strong customer interest.

Caterpillar separately announced a $1 billion investment to expand compact construction equipment manufacturing capacity in Sanford, North Carolina. The facility is expected to incorporate automation, digital production systems and integrated logistics capabilities.

Resource Industries revenue rose 15% to $4.6 billion, and segment profit increased 14% to $622 million. Operating margin was essentially unchanged at 13.5%, as higher volume and favorable pricing were offset by higher manufacturing and material costs, including tariffs.

Resource Industries sales to users increased 4%, below Caterpillar’s expectations because of shipping and commissioning delays in mining. The company said it expects those delayed deliveries to catch up in the fourth quarter. Caterpillar expects full-year resource-industry growth to be supported by demand for copper and gold, activity in Canadian oil sands, and heavy construction and quarry-and-aggregates markets.

The company also expanded autonomous hauling work with Luck Stone to two additional Virginia operations. Caterpillar said autonomous trucks at Luck Stone’s Bull Run Quarry have hauled more than 3.5 million tons since beginning operations in November 2024.

Tariffs, capacity investments weigh on margins
Caterpillar recorded approximately $600 million in tariff costs during the third quarter, excluding recoveries under the International Emergency Economic Powers Act. The company recognized $128 million in IEEPA tariff recoveries during the quarter, with nearly all of the amount reflected in corporate items.

For the full year, Caterpillar continues to expect about $2.2 billion in tariff costs, excluding reported year-to-date IEEPA recoveries of roughly $520 million. It does not assume additional IEEPA recoveries in the fourth quarter.

The company maintained its expectation that full-year adjusted operating margin, excluding tariff recoveries, will be near the bottom of its target range. Management cited strategic growth investments, tariffs and higher freight costs tied to elevated energy prices. Creed said Caterpillar aims to move toward the midpoint of its target range over the next several years while continuing to increase production capacity.

Fourth-quarter outlook and capital deployment
Caterpillar expects moderate consolidated sales growth in the fourth quarter compared with a strong prior-year period. Power & Energy is expected to post moderate growth, Resource Industries is expected to deliver strong growth, and Construction Industries sales are expected to be similar to the prior year.

In Construction Industries, Caterpillar expects a typical seasonal dealer inventory reduction of roughly $1.6 billion in the fourth quarter, compared with a $600 million reduction a year earlier. The resulting roughly $1 billion year-over-year headwind is expected to reduce segment sales volume despite continued strong end-user demand. The company expects dealer inventory at year-end to remain higher than in 2025 in anticipation of strong sales to users in 2027.

Manufacturing, power and energy free cash flow was $3.8 billion during the quarter, up about $600 million from a year earlier. Caterpillar returned $2 billion to shareholders, including $1.2 billion in share repurchases and nearly $750 million in dividends. The company maintained its full-year free-cash-flow outlook for the top half of its $6 billion to $15 billion target range and lowered expected 2026 capital expenditures to approximately $3.3 billion from a prior estimate of $3.5 billion.

About Caterpillar (NYSE:CAT)Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.

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

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Market Volatility Playbook: Trade the Noise, Get Paid to Ignore the RestAgnico Eagle Mines NYSE: AEM reported third-quarter 2026 gold production of 814,000 ounces and free cash flow of $852 million, while reaffirming that it expects to meet the lower end of its annual production guidance and the upper end of its cost guidance.

President and CEO Ammar Al-Joundi said production landed at the midpoint of the company’s quarterly adjusted guidance. Cash costs were $1,133 per ounce, or 1% above the upper end of quarterly cost guidance, amid elevated diesel prices, supply-chain disruption, tariffs and geopolitical pressures.

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These 2 Gold Miners Just Flashed Golden Crosses—Is a Breakout Coming?“We remain on track to deliver our full year 2026 production and cost guidance, albeit at the lower end and the upper end of production and costs, respectively,” Al-Joundi said.

Financial results and capital returns
Chief Financial Officer Jamie Porter said the company generated adjusted net income of about $1.3 billion, or $2.62 per share, and adjusted EBITDA of roughly $2.5 billion in the third quarter. All-in sustaining costs were $1,648 per ounce.

Why Gold Miners Could Be the Market's Biggest Comeback StoryYear-to-date production totaled about 2.5 million ounces. Porter said higher diesel prices added more than $30 per ounce to third-quarter cash costs versus the company’s budget. Diesel represents approximately 11% of Agnico Eagle’s operating costs, though Porter said the company has less exposure than many peers because of grid power availability in Ontario and Quebec and its predominantly underground mine portfolio.

The company held a net cash position of approximately $3.4 billion as of Sept. 30. It returned about $478 million to shareholders through dividends and share repurchases during the quarter, representing 56% of free cash flow. Year-to-date returns represented 51% of free cash flow, exceeding the company’s initial 40% target.

At current gold prices, Agnico Eagle now expects to return more than 50% of free cash flow to shareholders for the full year, subject to business needs. Porter said 50% was “a reasonable threshold” to consider for 2027, although the company has not established a formal target for the year.

The company has invested approximately $1.6 billion in development capital year to date across Detour Lake, Odyssey, Hope Bay and Upper Beaver. Porter said these projects are expected to generate returns of roughly 25% to 50% at current spot gold prices.

Growth projects advance
Management emphasized its plan to increase production by 20% to 30% over the next decade, reaching more than 4 million ounces annually beginning in the early to mid-2030s. The company expects Detour Underground, mill-filling at Malartic, Hope Bay and Upper Beaver collectively to contribute an additional 1.3 million to 1.5 million ounces a year by the mid-2030s.

At the Odyssey project in Quebec, Executive Vice President and COO Dom Girard said construction is more than 70% complete and remains on target for first production through the shaft in the second quarter of 2027. Shaft sinking was completed four months ahead of schedule, while work is now focused on installing a production hoist.

At Hope Bay in Nunavut, detailed engineering was 75% complete and overall construction had reached 13% at the end of September. Girard said the project’s new 37-megawatt power plant was progressing, with 25% of structural steel completed at the time of the call. He also highlighted the completion of a large sealift campaign that delivered supplies to the site.

At Detour Lake, Executive Vice President and COO Natasha Vaz said development of the exploration ramp is proceeding from two active headings. The bulk sample is expected to be completed in the first half of 2027, with the resulting data intended for incorporation into the Domain 54 mine plan. That area could support underground production as early as 2028.

Vaz said Agnico Eagle is evaluating broader opportunities at Detour, including increased milling capacity, a larger open pit and a larger underground operation. The company expects to provide a project outlook in 2027. Detour is targeted to become a 1-million-ounce-per-year producer in the early 2030s.

At Upper Beaver, the exploration ramp advanced more than 600 meters during the quarter and reached a depth of 210 meters. Shaft sinking reached just over 730 meters, with the company expecting to reach the 760-meter level and begin shaft station excavation during the fourth quarter. Agnico Eagle is also evaluating a potential shaft extension to 1,200 meters to support infill drilling and possible resource growth at depth.

Operational and exploration updates
Girard said the Barnat Pit team safely restarted mining after a July rock movement, completing a recovery plan slightly ahead of schedule in late September. He also cited Kittilä’s highest monthly mill recovery in five years during September.

Vaz said Detour, Macassa and Fosterville exceeded their operating plans in the quarter. Detour benefited from productivity gains, mining in a higher-grade area and localized positive grade reconciliation, though the mine has transitioned to a lower-grade sequence expected to continue through the fourth quarter. Macassa and Fosterville also benefited from higher-grade mining areas, mill optimization and improved productivity.

Executive Vice President of Exploration Guy Gosselin said the company completed more than 330 kilometers of diamond drilling in the quarter, bringing year-to-date drilling to 1.1 million meters toward a 1.4 million-meter annual budget. He said the company expects to replace and grow global mineral reserves and resources at year-end.

Gosselin highlighted exploration results at Odyssey, Detour Lake, Hope Bay and the recently acquired Ikkari project in Finland. At Detour, drilling returned 19 grams per tonne over 26 meters near the existing reserve pit limit, while Hope Bay drilling included results at the Madrid and Boston deposits. At Ikkari’s Helmi area, an intercept returned an uncapped average of 15 grams per tonne over 10 meters, including a one-meter sample grading 185 grams per tonne.

Management said it plans to provide further detail on project development and growth opportunities at its Capital Markets Day on Nov. 18.

About Agnico Eagle Mines (NYSE:AEM)Agnico Eagle Mines Limited NYSE: AEM is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations.

Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.

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Digital Realty Trust, Inc. ( DLR ) Q3 2026 Earnings Call October 29, 2026 5:00 PM EDT Company Participants Jordan Sadler - Senior VP of Public & Private Investor Relations Andrew Power - President, CEO & Director Matt Mercier - Chief Financial Officer Gregory Wright - Chief Investment Officer Colin McLean - Chief Revenue Officer Conference Call Participants Jonathan Petersen - Jefferies LLC, Research Division Michael Elias - TD Cowen, Research Division Eric Luebchow - Wells Fargo Securities, LLC, Research Division Michael Ng - Goldman Sachs Group, Inc., Research Division Aryeh Klein - BMO Capital Markets Equity Research Michael Rollins - Citigroup Inc., Research Division Matthew Niknam - Truist Securities, Inc., Research Division Michael Funk - BofA Securities, Research Division Presentation Operator Good afternoon, and welcome to Digital Realty Third Quarter 2026 Earnings Call. Please note, this event is being recorded.

30.10.2026 09:27, BAAERBAG

Index PX oslabuje o 0,21 % na 2 642,89 b.

Index PX zahajuje obchodování v červených číslech. Nejvýrazněji odepisují akcie Czechoslovak Group (-2,18 %), ztrácí rovněž akcie Vienna Insurance Group (-0,86 %) a Doosan Škoda Power (-0,63 %). Naopak index je poháněn směrem výše akciemi Erste Group Bank (+1,22 %), která dnes před otevřením trhu reportovala výsledky. Daří se také akciím Philip Morris (+0,47 %).

Jakub Němec
Fio banka, a.s.
Prohlášení

Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) will release its third quarter earnings report before the opening bell on Friday, Oct. 30.

This long-term support zone in palladium is also observed on the monthly chart. The chart shows that the price has entered the support region of $900-$1,100. This region is highlighted by the blue shaded area in the chart below.

If the price closes the monthly candle below $900, it will likely challenge broader structure in the palladium market in the long term. But any recovery above $1,100 will likely trigger another rally towards the $1,200 area. The palladium price must close the monthly candle above $1,200 to trigger a meaningful rally toward the $1,450 region.

What to Watch Next
Platinum and palladium prices remain under bearish pressure as high inflation environment keeps the risk of interest rates high. The high cost of vehicle financing may weaken the demand for metals. The key support in platinum is $1,350 while the key support in palladium is $900. A break below $1,350 in platinum may open the way for $1,200 while a break below $900 in palladium may challenge the long-term structure in palladium. Platinum must break above $1,700 to ease the bearish pressure in prices. A break above $1,200 in palladium may trigger rally to $1,450.

The GBP/JPY cross attracts some dip-buyers near the 210.60-210.55 region on Friday, turning positive for the third straight day and advancing to an over one-week high during the early part of the European session. Spot prices currently trade around the 211.25-211.30 area, up nearly 0.15% for the day, and remain on track to register modest weekly gains.

The Japanese Yen (JPY) gained briefly after the Bank of Japan (BoJ) ​left its main rate at 1.25% in a widely anticipated move, but left the door open for future hikes. The initial market reaction, however, turns out to be short-lived as BoJ Governor Kazuo Ueda refrained from offering fresh and definitive clues on the exact timing of the next move. The British Pound (GBP), on the other hand, continues to be underpinned by hawkish Bank of England (BoE) expectations, offering additional support to the GBP/JPY cross.

From a technical perspective, an intraday move beyond the 38.2% Fibonacci retracement level backs the case for additional gains. Moreover, oscillators show constructive momentum, with the Moving Average Convergence Divergence (MACD) staying in positive territory and the Relative Strength Index (RSI) hovering near 56. This improving tone, however, only hints at upside attempts rather than a clear trend shift, while the GBP/JPY cross remains below the critical 200-day Simple Moving Average (SMA).

Meanwhile, any subsequent move up might confront initial resistance at the 50% retracement at 212.20. This is followed by the 200-day SMA at 212.91 and the 61.8% retracement at 213.47, with higher barriers seen at 215.26 and 217.55, representing the 78.6% retracement of the recent swing. On the downside, immediate support emerges at the 38.2% retracement at 210.94, ahead of the 23.6% level at 209.38, with a deeper structural floor near the cycle low around 206.85.

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

GBP/JPY daily chart

Pound Sterling Price This week The table below shows the percentage change of British Pound (GBP) against listed major currencies this week. British Pound was the strongest against the New Zealand Dollar.

USDEURGBPJPYCADAUDNZDCHFUSD0.16%-0.31%0.22%-0.61%0.18%0.87%-0.34%EUR-0.16%-0.49%0.00%-0.82%-0.06%0.65%-0.56%GBP0.31%0.49%0.44%-0.33%0.43%1.19%-0.10%JPY-0.22%0.00%-0.44%-0.77%-0.09%0.69%-0.65%CAD0.61%0.82%0.33%0.77%0.72%1.41%0.23%AUD-0.18%0.06%-0.43%0.09%-0.72%0.71%-0.70%NZD-0.87%-0.65%-1.19%-0.69%-1.41%-0.71%-1.23%CHF0.34%0.56%0.10%0.65%-0.23%0.70%1.23% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

On its third quarter of 2026 earnings call, held on Oct. 29, 2026, Sirius XM (SIRI +4.94%) raised its full-year guidance across revenue, free cash flow, and adjusted EBITDA, or earnings before interest, taxes, depreciation, and amortization, by $25 million each.

Long-term investors care because structural cost cuts and stabilizing subscriber metrics are expanding cash margins. Three key takeaways from management explain how the strategy is unfolding.

1. Subscriber Retention Programs Are Stabilizing Subscription RevenuesManagement's strategy focuses on subscriber lifetime value over short-term account growth. Secondary household accounts called Companion plans and multiyear dealer packages are reducing customer cancellations across core vehicle listening.

Companion plans, extended duration dealer programs, and Continuous Service, together with improved churn, helped offset lower conversion rates and support greater subscriber stability.
-- Jennifer Witz, Chief Executive Officer2. Structural Cost Savings Are Expanding Operating Profit MarginsOperating efficiency initiatives delivered $96 million in gross savings through the first nine months of 2026. Process automation and lower call volumes are driving operating leverage, which lets the business convert revenue into cash more effectively.

Importantly, these savings are largely structural, creating a more efficient operating model and a foundation for sustainable margin expansion.
-- Zac Coughlin, Chief Financial Officer3. External Distribution Deals Are Expanding Audio Advertising ReachThe company's advertising unit, SiriusXM Media, is combining its internal podcast inventory with external partners. A key partnership with Alphabet-owned YouTube Audio expands commercial reach across broader digital demographics.

With YouTube Audio, SiriusXM Media now reaches approximately 255 million unduplicated monthly listeners, up from 170 million a year ago, representing nearly 90% of Americans ages 13 and older.
-- Jennifer Witz, Chief Executive OfficerLooking AheadFree cash flow generation reached $1.1 billion through September 2026, and management isn't hiding its satisfaction with the progress. Lower satellite capital expenditures and disciplined cost controls are strengthening cash conversion.

Reaching our target leverage range last quarter was an important milestone. It gives us a lot more flexibility to deploy that substantial free cash flow we have.
-- Zac Coughlin, Chief Financial OfficerA stable subscription core, expanding podcast distribution, and controlled spending position the business to generate steady cash over the coming years.

With improving fundamentals, differentiated content, and a clear focus on execution, we believe SiriusXM is well-positioned to deliver meaningful long-term shareholder value.
-- Jennifer Witz, Chief Executive OfficerThe Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy.

Image Credits:Waymo /

Waymo will begin testing autonomous Toyota bZ4X vehicles in Japan next year as part of a broader partnership with the automaker to provide electric vehicles for robotaxi operations in international markets, including the U.K.

Under the partnership announced Friday, Toyota will manufacture the 2027 bZ4X vehicles and integrate Waymo’s self-driving system at its Takaoka factory in Japan. (The electric vehicle is now known as the BZ in the North American market)

The autonomous bZ4X vehicles will initially be tested in Japan, where Waymo intends to eventually operate a robotaxi service. But the intent is to deploy these vehicles in other right-hand driving countries such as the U.K. Waymo has been testing its autonomous Jaguar I-Pace vehicles in London for months and plans to launch a robotaxi service there once it receives the necessary permits.

The announcement comes 18 months after Toyota and Waymo signed a preliminary agreement to explore the development and deployment of an autonomous vehicle platform. At the time, the agreement fell into the “let’s see what happens” category, with language vague enough to leave plenty of room for interpretation.

For now, the partnership looks more like a conventional vehicle supplier deal that helps Waymo fill specific regional needs while adding a new model to its robotaxi portfolio.

But the partnership could go beyond robotaxis. The companies said they will continue to look at bringing Waymo’s autonomous technology to personally owned Toyota vehicles.

Toyota and Waymo also announced plans to look at other future “initiatives” that would use “insights from Waymo’s real-world operations” to improve safety for other road users. What that might mean is unclear, although Hiroki Nakajima, executive vice president of Toyota and a board member, provided some clues.

“This collaboration will help scale that technology and bring it to customers in Japan and beyond through Waymo’s ride-hailing service, and in parallel, Toyota will continue to explore how integrating vehicles with traffic infrastructure can make those roads safer still,” he said in a statement.

Topics

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Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.

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USD/JPY dipped to 157.32 on Friday. The Japanese yen strengthened for a third straight session after the Bank of Japan held its key interest rate at 1.25%, as expected.
At the same time, the BoJ sent a more important signal about future policy: core inflation has finally reached the 2% target. This increases the likelihood of another rate hike as early as December.

The decision was approved by an 8–1 vote. Board member Hajime Takata advocated an immediate rate hike to 1.5%, saying economic conditions have entered a new phase and require a faster move towards neutral rates.

Additional support for the yen came from demand for safe-haven assets following weak reports from major technology companies, which again raised doubts about the scale of investment in AI and triggered another equity sell-off. Meanwhile, global asset managers are beginning to return to the Japanese debt market: improved domestic demand and more favourable monetary policy expectations are increasing the appeal of Japanese bonds and supporting the yen.

Technical Analysis

On the four-hour USD/JPY chart, the market formed an upward impulse towards 158.33, after which it corrected downwards towards support at 157.14. This level acts as a local pivot point and remains significant for the further development of the ascending structure. The current price is around 157.61. The main scenario envisages further growth towards resistance at 158.03. A break above this level would open the way to 158.94, with the main target at 160.08 in sight. The MACD indicator supports this scenario. Its signal line is above zero, but the shrinking positive histogram indicates a temporary weakening of the upward impulse. To confirm continued growth, the indicator would need to regain positive momentum. Key support remains the 157.14–157.22 area; a break below it would create the conditions for a decline towards 156.07.

On the hourly USD/JPY chart, the market is forming a local consolidation following the corrective decline from 158.03. The price is holding above support at 157.14 and attempting to recover towards resistance at 157.57. A close above this level would confirm the likelihood of a new upward wave developing. The Stochastic oscillator shows its signal lines above 50 and pointing upwards, reflecting a recovery in buying activity. The nearest target is 158.03, followed by 158.94.

For the upcoming trading session, the upward scenario remains the priority while support at 157.14 holds. A decisive break above 158.03 would strengthen buyers’ positions and confirm upward momentum. Until such confirmation, short-term consolidation within the current range is likely.

Conclusion USD/JPY has declined for a third consecutive session as the yen benefits from the Bank of Japan’s decision to hold rates at 1.25% and its signal that core inflation has reached the 2% target, raising the prospect of a December rate hike. The 8–1 vote, with one member calling for an immediate increase to 1.5%, underscores the growing hawkish sentiment within the BoJ. Additional support for the yen came from safe-haven demand amid weakness in technology stocks and a gradual return of global asset managers to Japanese bonds. Technically, the pair remains in an upward structure above support at 157.14, with resistance at 158.03 and targets at 158.94 and 160.08 if the recovery resumes. A break below 157.14 would shift the outlook and expose 156.07. The near-term direction will hinge on whether buyers can break above 158.03.

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In Tokyo, the Bank of Japan held rates at 1.25% in an 8-1 vote, raised its inflation forecast and said underlying inflation had reached a level consistent with its 2% target for the first time, CNBC reported. State Street’s Masahiko Loo called it “a boring hold, but an important shift in the Outlook Report,” and expects the next hike around the turn of the year.

Euro: Lagarde to Leave Early
The ECB kept its deposit rate at 2.5% on Thursday, hours after President Christine Lagarde said she will step down on February 7, 2027, nine months before her term ends, because she can no longer “remain neutral.” Lagarde said the Governing Council debated a hike before holding unanimously, and signaled the pause may only last until December. She noted the average eurozone 10-year bond yield has risen about 35 basis points, or 0.35 percentage point, since the September projections, and told high-debt governments to plan for rates staying higher for some time and keep budgets within EU rules, Euronews reported. She avoided naming France, blaming global factors instead.

The euro briefly fell to its lowest since May 2025 on Thursday and is on track for a 1.2% monthly drop, Reuters said, even though the ECB just talked about hiking. That shows the French bond problem and the leadership gap matter more to traders than one extra rate move. Eurozone third-quarter GDP data are due Friday.

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Pound: Budget Clears the Way
Sterling is up about 1% this month against the dollar, Reuters reported. Brown Brothers Harriman called Healey’s Budget neutral for the pound and gilts, saying the added fiscal restraint is too modest to curb the roughly 125 basis points of Bank of England hikes priced over the next year. Société Générale said a hawkish hike on November 5 could add to short covering, meaning traders who bet against the pound buying it back.

US Dollar Index Technical Analysis: DXY Slips Toward 101.54 After 102.48 Rejection
Dollar Index Price Chart – Source: Tradingview
The US Dollar Index is trading near 101.85 on the 4-hour chart. DXY was turned back at the 102.48 zone, a ceiling that also capped it in early October, then dropped below 102.03 and its faster moving average, a line showing the recent average price. The index has moved sideways between 101.54 and 102.48 for most of October.

Support, where buyers tend to step in, is 101.54, then 101.18. Resistance, where sellers tend to step in, is 102.03, then 102.48.

Protocol engineer Justin Kalland posted that an address suspected to be linked to the Binance hot wallet attack transferred roughly 175 million USDT to a new wallet, then received 2 ETH approximately 2.5 minutes later. Despite having sufficient gas, the address still invoked MetaMask Gas Station. Within the same block, three events occurred consecutively: a gas top-up via the Gas Station, an unlimited USDT approval for Kyber routing, and a payment of around 127.67 USDT to the Gas Station. The amount of ETH topped up aligns exactly with the maximum gas budget of the two transactions down to the wei. Analysts noted this may stem from the attacker mistakenly selecting USDT for gas payment while using MetaMask. Transactions paid via MetaMask Sentinel run through its dedicated channel instead of a standard RPC, potentially leaving off-chain logs containing data such as IP addresses. Kalland stated that among the attack-related wallets he reviewed, only this address showed a record of using Gas Station, and urged MetaMask to retain the relevant Web2 logs. The address in question is 0xAa246BF639586a6Ba46762D378CE50cA4fc654a0.

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Onchain Foundation: Suspends LSK buybacks amid Binance security incident, expected to resume next week.

The Onchain Foundation announced that it has temporarily suspended its LSK token repurchase program amid the Binance security incident, and expects to resume the plan next week after the situation becomes clearer. The foundation noted that Binance has confirmed it will bear all losses, so the incident is not expected to impact the LSK repurchase program. A separate announcement will be released once the repurchase program restarts.

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Huobi HTX has launched PFE and VLO perpetual contracts.

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European Central Bank’s Zigmann: Rate hike possible as early as the next meeting

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Binance Theft Incident Update: No evidence of any wallet private keys leaked yet, technical review report to be released

Binance CEO Richard Teng has published an update on the exchange’s theft incident, confirming user funds are safe and all losses will be fully covered by the SAFU fund and the company.
Preliminary investigations indicate the security breach may have originated from a DevOps engineer’s laptop being compromised; the attacker subsequently gained access to a service container and submitted unauthorized withdrawal transactions within it. Teng stressed the attack was not a simple exploitation of an engineer’s permissions nor a single-click operation, involving far more complex steps. No individual has been blamed in the ongoing investigation.
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Nejistý open v Evropě, technologie pod tlakem, Erste po výsledcích navýšila výhled na letošní rok

Evropské futures před openem indikují nejisté zahájení obchodování, Wall Street včera klesala, SP500 odepsal 0,3 %, Nasdaq pak 1,4 %, když pod tlakem byly především technologie, Alphabet po výsledcích propadl o 12,6 %, trh znepokojily vysoké investice do AI a záporné cash flow. Po uzavření trhu navíc výrazně oslabily akcie Amazonu a Intelu, přestože Amazon vykázal nejsilnější růst cloudových služeb za posledních pět let. Asie dnes výrazně klesá, jihokorejský Kospi ztrácel přes 3 % a japonský Nikkei více než 2 %, v hlavní roli opět obavy z návratnosti investic do AI. Evropa včera obchodovala smíšeně, investoři sledovali především výsledkovou sezónu a rozhodnutí ECB, která ponechala sazby beze změny. Výrazný pohyb zaznamenaly také dluhopisy, americký desetiletý výnos klesl k 4,91 %, když investoři na trhu pokračovala rotace do bezpečnějších aktiv. Ropa Brent po útoku na tanker v Hormuzském průlivu dorovnává lokální maxima při 117 USD. Tempo dnešního obchodování budou určovat hlavně reakce na výsledky Amazonu a Intelu, další vývoj technologického sektoru a evropská makrodata. V Praze včera index PX připisoval, výrazně rostla CSG o 5,45 %, dařilo se také Erste a Coltu. Erste dnes zveřejnila výsledky za 3Q, reportovala čistý zisk nad tržním očekáváním, vedení banky pak zvýšilo výhled na letošní rok. Akcie včera uzavely při 2618 Kč na pražské burze. Naopak Doosan Škoda Power odepsala 2,78 % po zprávách o komplikacích při jednání o výstavbě nových bloků v Dukovanech.

Martin Singer, Fio banka, a.s.

30.10.2026 09:00, BAACTP

Analytik Jonathan Kownator z Goldman Sachs přistoupil ke snížení cílové ceny pro akcie CTP na 17,9 EUR (435,66 Kč) z původních 18,6 EUR (452,7 Kč) při stálém investičním doporučení na stupni „Buy“.

Akcie CTP Akcie CTP (BAACTP) na pražské burze naposledy uzavřely na 299 Kč. 

Zdroj: Bloomberg

Jan Prokeš
Fio banka, a.s.
Prohlášení

Every Crypto is Down, Except HyperLiquid. Why?

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Článek se odemkne 30.10.2026 9:54

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Water Infrastructure: Why This Boring Sector Could Get ExcitingAmerican Water Works NYSE: AWK reported third-quarter adjusted earnings of $2.00 per share, up from $1.89 per share a year earlier, and narrowed its full-year 2026 adjusted EPS outlook to $6.07 to $6.12, representing the top half of its prior guidance range.

For the first nine months of 2026, adjusted earnings were $4.63 per share, compared with $4.40 per share in the same period of 2025. President and CEO John Griffith said the results reflected execution on the company’s operating and capital plans, including investments in infrastructure and regulated acquisitions.

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3 American Outperformers Are Lifting and Initiating DividendsAmerican Water also initiated standalone adjusted EPS guidance for 2027 of $6.53 to $6.63 per share, which it said represents 8% growth over 2026. The company reaffirmed its long-term targets of 7% to 9% annual growth in EPS and dividends per share.

Essential Utilities merger advances
Griffith said American Water continues to expect its proposed merger with Essential Utilities to close by the end of the first quarter of 2027. The companies announced the transaction one year ago, and American Water said it has made further progress through the regulatory approval process.

Beat the Volatility: Top 3 Low-Beta Stocks to WatchThe company previously received approvals in Kentucky, Ohio and Virginia. Since midyear, it reached settlements in Pennsylvania, Texas and North Carolina, while settlement discussions remain underway in New Jersey. In Illinois, an administrative law judge issued a favorable recommendation in September, and American Water expects an order soon. The federal Hart-Scott-Rodino waiting period expired in mid-August.

“We expect to capitalize on the strategic rationale and financial benefits of the merger to drive growth and value creation,” Griffith said.

Chief Financial Officer David Bowler said the company will provide combined-company guidance after the transaction closes. He noted that the timing will depend partly on the amount of Essential’s Peoples business earnings attributable to the first quarter before closing.

On Peoples, Griffith said American Water will review strategic alternatives after the merger is completed. When asked whether retaining the gas utility could be considered, he said “everything” could be on the table in a strategic review. Griffith also said American Water expects to maintain its 7% to 9% long-term EPS growth target with or without Peoples.

Rate cases and capital investment
American Water said revenue growth during the quarter was supported by newly authorized rates intended to recover infrastructure investment. The company also cited expected increases in depreciation, financing costs and taxes. Bowler said operations and maintenance costs rose modestly year over year as the company continued to focus on cost control.

In New Jersey, the company received a final order approving a $68 million annualized increase in water and wastewater revenue. The order included a 9.5% authorized return on equity and a 54% equity component, with new rates taking effect Sept. 15.

American Water has general rate cases underway in five jurisdictions. In Illinois, an administrative law judge on Oct. 23 recommended a 9.67% return on equity and a 50% equity layer. The proposed $67 million incremental revenue amount is below the company’s updated $104 million request. A final order is expected by Dec. 18, and new rates would take effect Jan. 1, 2027.

In Pennsylvania, the company filed its third long-term infrastructure improvement plan covering proposed distribution-system improvement charge investments from January 2027 through December 2031. The filing seeks to add eligible property categories for recovery through quarterly filings. American Water expects a commission decision by the end of 2027.

In California, the company filed an application related to desalination facilities under construction for customers in the Monterey area. The application raised the estimated project cost to $825 million plus allowance for funds used during construction, reflecting permitting and approval processes, legal challenges, and higher labor, construction, materials and financing costs. Bowler said the full cost is included in the company’s five- and 10-year planning forecast.

Growth investments and acquisitions
American Water invested $2.8 billion in capital projects and acquisitions through the first nine months of 2026. The investments included infrastructure renewal, resiliency improvements, water-quality projects, PFAS and lead remediation, and new systems.

The company expects to invest $4.1 billion in 2027, including acquisitions. It now expects to invest more than $20 billion through 2030 and more than $48 billion through 2035. Cheryl Norton, executive vice president and chief operating officer, said the increase in the current five-year plan primarily reflects accelerated replacement of aging underground pipe.

PFAS and lead-and-copper compliance investments remain embedded in the long-term plan at levels similar to those previously disclosed, Norton said. The company said it remains focused on balancing infrastructure needs with customer affordability, cost management and customer-assistance programs.

American Water added nearly 81,000 customer connections across 10 states through September, surpassing its 2% customer-growth target with one quarter remaining in the year. The additions included the Nexus Water Group systems acquired in June and eight other systems.

In October, the company closed on water and wastewater systems in Neosho, Missouri, adding 5,900 connections for each service. American Water plans to invest $35 million over five years to improve water quality and wastewater treatment in the system.

As of Sept. 30, the company had about 36,000 customer connections under agreement across five states, representing $182 million in potential acquisitions.

Financing outlook
American Water completed a $500 million long-term debt issuance on Sept. 14 at a 5.55% rate. Its debt-to-capital ratio was 58% as of Sept. 30, and Bowler said the ratio is expected to improve after the company settles remaining equity forward shares in the fourth quarter and again after the all-stock Essential transaction closes.

The company’s standalone five-year financing plan continues to anticipate $1.5 billion of external equity in 2029. Its 2027 financing plan includes $2 billion to $3 billion of long-term debt financing.

About American Water Works (NYSE:AWK)American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.

Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.

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

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Columbia Sportswear Company (COLM) Q3 2026 Earnings Call October 29, 2026 5:00 PM EDT

Company Participants

Matthew Tucker - Head of Investor Relations & Competitive Intelligence
Timothy Boyle - CEO & Chairman
Jim Swanson - Executive VP & CFO
Joseph Boyle - President of Columbia Brand

Conference Call Participants

Jonathan Komp - Robert W. Baird & Co. Incorporated, Research Division
Robert Drbul - BTIG, LLC, Research Division
Peter McGoldrick - Stifel, Nicolaus & Company, Incorporated, Research Division
Mitchel Kummetz - Seaport Research Partners
Laurent Vasilescu - BNP Paribas, Research Division
Mauricio Serna Vega - UBS Investment Bank, Research Division
Tom Nikic - Needham & Company, LLC, Research Division

Presentation

Operator

Good day, everyone, and welcome to the Columbia Sportswear Third Quarter 2026 Financial Results. [Operator Instructions]

It is now my pleasure to hand the floor over to your host, Matt Tucker. Sir, the floor is yours.

Matthew Tucker
Head of Investor Relations & Competitive Intelligence

Good afternoon, and thanks for joining us to discuss Columbia Sportswear Company's Third Quarter Results. In addition to the earnings release, we furnished an 8-K containing a detailed CFO commentary and financial review presentation explaining our results. This document is also available on our Investor Relations website, investor.columbia.com.

With me today on the call are Chairman and Chief Executive Officer, Tim Boyle; Co-Presidents, Joe Boyle and Peter Bragdon; Executive Vice President and Chief Financial Officer, Jim Swanson; and Executive Vice President, Chief Administrative Officer and General Counsel, Richelle Luther.

This conference call will contain forward-looking statements regarding Columbia's expectations, anticipations or beliefs about the future. These statements are expressed in good faith and are believed to have a reasonable basis. However, each forward-looking statement is subject to many risks and uncertainties, and actual results may differ materially from what is projected. Many of these risks and uncertainties are described in Columbia's SEC filings. We caution that forward-looking statements are

On its third-quarter 2026 earnings call, held on Oct. 29, 2026, O'Reilly (ORLY -2.62%) raised its full-year comparable store sales guidance, which tracks sales at locations open at least a year, to a range of 5.5% to 6.5% following broad demand gains. Long-term investors should note how the auto parts retailer captures market share across both commercial repair shops and retail consumers while expanding its distribution footprint. Three things management said stand out.

Commercial repair shop demand drove top-line growth, showing that professional service clients rely heavily on the company's inventory availability. Increased transaction counts and larger average ticket totals both contributed to market share gains on the commercial side of the business.

Our professional business was the larger driver of our overall comparable store sales growth with a third quarter professional comp of slightly over 10 percent.
-- Brad W. Beckham, Chief Executive Officer2. Tariff Refunds Provide a One-Time Gross Margin BoostGross margin, the percentage of sales remaining after paying direct inventory costs, reached 52.4% with help from discrete supplier payments. Although higher petroleum commodity costs created temporary pressure on the product mix, supplier reimbursements for previously paid tariffs enhanced quarterly profitability.

The largest driver of this gross margin expansion, as we noted in our press release yesterday, was a $39 million benefit from tariff refunds. Which equates to 76 basis points of rate benefit to the third quarter.
-- Brent G. Kirby, President3. New Store Expansion Accelerates Into 2027Opening new store locations yields the business's highest capital returns, prompting executive leadership to raise future expansion goals. Upgrades across the company's regional distribution centers, which supply local stores, support new store openings across 36 states, Canada, and Mexico.

During the third quarter, we opened 63 new stores across North America, bringing our year to date new store openings to 173 net new stores.
-- Brent G. Kirby, PresidentLooking AheadVehicle repairs are essential for daily commuters, and management shows clear confidence in that steady demand backdrop. A tiered distribution network and deep inventory availability offer strong advantages as leadership monitors pricing discipline and store service execution.

Either way, when it comes to maintenance or repair, our customers, both professional and DIY alike, need access to a broad range of parts, and they need those parts quickly.
-- Brad W. Beckham, Chief Executive OfficerConsistent store execution positions the company to compound long-term shareholder value.

But independent of any individual quarter or how we think about the dynamics, what comparisons look like, we are operating a model and with a team that absolutely has the expectation that we will gain share over the course of time.
-- Jeremy Adam Fletcher, Chief Financial OfficerThe Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

3 Under-the-Radar Defense Stocks With Record BacklogsATI NYSE: ATI reported third-quarter 2026 results that exceeded its adjusted EBITDA outlook and raised its full-year guidance for the third time this year, citing broad demand across aerospace, defense and specialty-energy markets.

Revenue increased 26% year over year and 13% sequentially to $1.4 billion. Adjusted EBITDA rose 46% from a year earlier to $328 million, exceeding the high end of the company’s guidance by $13 million and marking ATI’s highest quarterly adjusted EBITDA since 2007, according to Board Chair, President and CEO Kim Fields. Adjusted EBITDA margin expanded 300 basis points year over year to 23%.

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3 Crucial Aerospace Component Makers That Analysts LoveAdjusted earnings per share increased 72% to $1.46, while backlog stood near a record at $4.3 billion, up 20% from the prior-year period. Third-quarter adjusted free cash flow was $80 million, bringing year-to-date adjusted free cash flow to $223 million, a 49% increase from the comparable period in 2025.

Outlook Raised Again
ATI now expects full-year adjusted EBITDA of $1.19 billion to $1.20 billion, compared with its prior outlook midpoint that was $35 million lower. The updated range implies 39% adjusted EBITDA growth from 2025. The company also projected adjusted EPS of $5.17 to $5.23 for the full year.

AI Fatigue? These 3 Analyst-Upgraded Stocks Offer Real Growth PotentialFor the fourth quarter, ATI expects adjusted EBITDA of $345 million to $355 million and adjusted EPS of $1.51 to $1.57. Chief Financial Officer Rob Foster said the company expects the fourth quarter to be its strongest period of 2026 for both sales and profit, supported by committed customer schedules, contracted pricing and planned shipment timing.

The company maintained its adjusted free-cash-flow outlook of $550 million to $600 million, with a midpoint of $575 million. ATI expects gross capital expenditures of $280 million to $300 million for the year, partially offset by $55 million to $65 million in customer-funded capital. Through the third quarter, ATI had spent $70 million on share repurchases and had $425 million remaining under its authorization.

AA&S Margin Expansion Leads Performance
ATI’s Advanced Alloys & Solutions, or AA&S, segment reported sales of $702 million, up 34% year over year. Segment EBITDA margin rose 850 basis points to a record 25.8%, aided by pricing, volume and a more favorable mix of aerospace and defense business.

Fields said the segment has changed substantially after ATI exited lower-value commodity stainless-steel products and shifted resources toward aerospace, defense and specialty-energy products. Aerospace and defense accounted for about 45% of AA&S sales at the end of the third quarter, compared with 18% in 2021.

Foster said ATI expects AA&S margins to remain in the mid-20% range in the fourth quarter and described the segment’s improved earnings profile as sustainable, pointing to long-term contracts, stronger commercial terms, higher aerospace and defense mix, and productivity initiatives under the company’s elevATIon operating model.

The segment’s results also benefited from the first full quarter of shipments under a Naval Nuclear contract, as well as stronger commercial nuclear and industrial gas-turbine demand. ATI said pricing for hafnium and zirconium products remained favorable.

HPMC Absorbs New-Alloy Ramp Costs
High Performance Materials & Components, or HPMC, generated $721 million in sales, an increase of 20% year over year, as demand for nickel and titanium products used in jet engines remained strong. Segment margin was 23.2%.

HPMC’s margin was reduced by approximately 200 basis points relative to ATI’s plan because of costs associated with ramping commercial production of a new nickel-based superalloy. Fields said ATI qualified the alloy and moved it into production within nine months following a contract win. The company is one of only two producers worldwide making the alloy, which is the sixth of seven advanced alloys used in the hot section of a jet engine.

Fields said the costs represented roughly $15 million to $20 million of EBITDA impact during the quarter. Foster said the effect should be modest in the fourth quarter and fully behind the company by the end of 2026. ATI expects HPMC margins to improve sequentially into the mid-20% range during the fourth quarter.

Jet-Engine Demand Drives Growth
Jet-engine revenue increased 39% year over year and 19% sequentially, supported by original-equipment production, aftermarket demand and growing content on next-generation engines. ATI raised its expectation for full-year jet-engine revenue growth to the low-to-mid-20% range, from a prior forecast in the high teens.

Fields said next-generation engines use more than twice ATI’s content relative to legacy engine platforms. She added that ATI’s jet-engine materials and forgings serve both new engine production and maintenance, repair and overhaul demand, with the company estimating its exposure is currently about evenly split between the two demand streams.

Airframe revenue grew 11% year over year and 14% sequentially, with ATI maintaining its expectation for mid-to-high-single-digit full-year growth. Fields said airframe inventory normalization is “largely behind us” and customer orders are closely aligned with production schedules. She said ATI has not seen changes in its order book or demand outlook extending into 2027.

Defense revenue reached a company record, rising 6% both year over year and sequentially. ATI cited strengthening missile-related inquiries for titanium, nickel and niobium products used in platforms including Tomahawk, THAAD and PAC-3. The company continues to forecast high-teens defense revenue growth for the full year.

Specialty-energy revenue rose 49% year over year and 36% sequentially, driven primarily by commercial nuclear demand and supported by industrial gas turbines. ATI retained its expectation for mid-teens specialty-energy revenue growth for the year.

Fields said the company’s flexible manufacturing assets allow it to shift production between defense and specialty-energy products as customer requirements change, which can create quarter-to-quarter shipment variability. She said ATI had not seen a decline in jet-engine demand related to higher fuel prices and continues to see strong customer demand across both new-production and aftermarket channels.

About ATI (NYSE:ATI)ATI Inc NYSE: ATI is a specialty materials and components manufacturer serving demanding applications in the aerospace and defense, medical, energy, and industrial markets. The company develops and produces materials designed to perform in high-temperature, high-strength, and corrosion-resistant environments.

Its products include nickel-based superalloys, titanium and titanium-based materials, specialty steels, precision-rolled materials, forgings, and other engineered components. These products are used in aircraft engines and airframes, defense systems, medical implants and devices, power-generation equipment, and other industrial applications.

ATI was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc The company serves customers in the United States and international markets through manufacturing and processing operations across North America and Europe.

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APi Group NYSE: APG reported record third-quarter results, with revenue rising 22.5% year over year to $2.55 billion and organic revenue growth of 15.7%, as demand remained strong across inspection, service, monitoring and project work.

President and CEO Russ Becker said the company recorded its fourth consecutive quarter of double-digit organic growth. He cited accelerating growth in Safety Services, record backlog, pricing discipline and continued demand from end markets including semiconductors, advanced manufacturing, data centers, healthcare, warehouse and distribution, and critical national infrastructure.

“Our business continues to perform at a high level,” Becker said, adding that APi’s backlog exceeded $5 billion for the first time and remained diversified across segments, service lines and end markets.

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Profitability Expands Despite Gross-Margin Pressures
Adjusted EBITDA increased 24.6% in the third quarter, while adjusted EBITDA margin expanded 20 basis points to 13.7%. Adjusted diluted earnings per share rose 22% to $0.50.

Adjusted gross profit margin declined 120 basis points from the prior-year period to 30.3%. Executive Vice President and CFO David Jackola attributed the decline to project and business mix as well as higher material, fuel and other expenses. However, strong revenue growth and favorable selling, general and administrative expense leverage supported EBITDA margin expansion.

Becker said this was the company’s 16th consecutive quarter of adjusted EBITDA margin expansion. He said APi expects higher-margin project work currently entering backlog to become a more meaningful contributor to margin gains over the remainder of 2026 and into 2027.

During the analyst question-and-answer session, Jackola said a greater share of project revenue weighed on Safety Services gross margins, particularly as new projects tend to begin at lower margins before improving as work progresses. He also said recently acquired businesses can experience a temporary margin decline while teams transition following a sale and integration process.

Segment Results Led by Specialty Services
Safety Services revenue increased 18.5% to $1.66 billion, including 8.8% organic growth. The segment’s inspection, service and monitoring revenue continued to grow at a mid- to upper-single-digit rate, while project activity accelerated during the quarter. Segment earnings rose 19.1%, and segment earnings margin increased 10 basis points to 16.9%.

Becker said North American Safety generated double-digit organic revenue growth, supported by double-digit growth in inspection revenue and a robust large-project environment. He said the company had not seen meaningful project delays or cancellations.

International Safety returned to organic growth during the quarter following prior pressure, according to management. Becker said order intake, customer additions and project backlog improved, with project backlog reaching a multiyear high in both value and book gross margin. APi expects the business to return to its historical mid-single-digit growth rate in 2027.

Specialty Services revenue climbed 30.7% to $893 million, including 29.9% organic growth. Segment earnings increased 38.3%, while segment earnings margin expanded 60 basis points to 12.5%. Jackola said disciplined customer and project selection, pricing improvement, revenue growth and SG&A leverage contributed to the margin improvement.

Becker said nearly half of Specialty Services revenue comes from required and recurring services. He also highlighted efforts to bring multiple APi services into a single customer proposal, including structural, mechanical, fire and life safety, and structured cabling capabilities. The company said such cross-business collaboration contributed meaningfully to quarterly revenue growth.

Acquisitions and Capital Deployment
APi closed the acquisition of WTech during the quarter and completed three bolt-on transactions, including Evergreen Fire & Security, a Washington-based systems integrator that expands the company’s North American electronic-security capabilities.

The company has completed 13 transactions year to date and remains on track to spend $250 million on bolt-on acquisitions in 2026. Becker said APi is building capabilities to support $350 million of annual bolt-on M&A spending. He said the company generally pays EBITDA multiples of five to six times for highly complementary bolt-on acquisitions and low-teens multiples for larger strategic or platform transactions.

Becker said acquisitions completed in 2026, including CertaSite, Onyx-Fire, WTech and Evergreen, add more than $500 million of annualized revenue. He said APi expects a full-year contribution from those businesses in 2027, along with benefits from integration, cross-selling, procurement scale and service opportunities.

For the first nine months of the year, APi generated adjusted free cash flow of $468 million, up $34 million from the prior-year period. Adjusted free cash flow conversion was 84% of adjusted net income. The company ended the quarter with a net leverage ratio of 2.4 times.

APi deployed $1.7 billion of capital through the first nine months of 2026. It repurchased $252 million of shares through the end of the third quarter and an additional $143 million in the fourth quarter to date, leaving about $607 million under its authorization.

2026 Guidance Raised
The company raised its full-year outlook for the third time in 2026 excluding acquisitions, with guidance also incorporating completed acquisitions and current foreign-exchange rates.

Net revenue is expected to be $9.20 billion to $9.25 billion, compared with prior guidance of $8.875 billion to $9.025 billion.
Organic revenue growth is expected to be 11% at the midpoint.
Adjusted EBITDA is projected at $1.235 billion to $1.255 billion, up from prior guidance of $1.205 billion to $1.245 billion.
Adjusted EBITDA margin is expected to be 13.5% at the midpoint, with adjusted EBITDA growth of 20%.
Adjusted free cash flow conversion is expected to be approximately 110% of adjusted net income.

Jackola said the updated outlook includes estimated unfavorable foreign-exchange effects of $30 million on revenue and $5 million on adjusted EBITDA relative to the prior outlook.

Management did not provide formal 2027 guidance, saying it plans to issue its budget and outlook in February. Becker said, however, that the company enters 2027 with a record backlog, improving International Safety trends, a full-year benefit from recent acquisitions and continued focus on its “10/16/60+” framework, which includes a long-term $10 billion revenue objective and a 16% adjusted EBITDA margin target for 2028.

About APi Group (NYSE:APG)APi Group Corporation NYSE: APG is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group's offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.

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

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

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HOUSTON--(BUSINESS WIRE)--Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions, released "The AI Balance Gap: Why People Strategy is the Key to Turning AI Investment Into Business Performance," new research conducted in partnership with Lighthouse Research & Advisory, which found that organizations that invest as intentionally in their people as they do in their technology report approximately 2x stronger results across five workforce and lea.