NVIDIA už nepočítá s žádnými tržbami z čínského datacentrového byznysu a místo toho tlačí nový CPU byznys. Firma tvrdí, že Vera CPU otevírá trh o velikosti 200 miliard USD.
Nvidia CEO Jensen Huang shakes hands with an attendee after the media Q&A session during Nvidia/Japan AI Ecosystem Reception in Tokyo on July 16, 2026. AI-powered robots for use in shipbuilding, the Japanese firm said on July 16 during a visit to Tokyo by the US chip giant's CEO Jensen Huang. (Photo by Philip FONG / AFP via Getty Images)
AFP via Getty Images
This article was written by Doug Nathman, with research by his team at Trefis.
The company has reduced its commentary regarding the multi-billion-dollar issue related to China that previously dominated their discussions, and what they are focusing on now indicates a substantial change in where the company's growth must stem from.
With NVIDIA (NVDA) stock still trading close to all-time highs following an impressive 62% surge over the past two years, it’s easy to lose sight of the significance behind record-setting figures. The latest quarter was consistent with this trend, showcasing data center revenue skyrocketing by 92% compared to the previous year. However, the most significant indicator for an investor isn’t always the most pronounced statistic. It’s the issue that was once a major headline matter and has now faded to a mere footnote. For NVIDIA, that issue pertains to China.
The Multi-Billion Dollar Issue That Became Less VisibleNot long ago, dealing with U.S. export regulations concerning its China-specific chips was a key narrative. Management was clear about the financial impact, indicating they were “unable to ship $2.5 billion in H20 revenue during the first quarter” of last year. It was a clearly articulated, significant obstacle. Currently, this topic is less frequently mentioned. The issue remains present; during the latest earnings call, the company acknowledged it is “not forecasting any revenue from China data center compute in our outlook.” The crisis has been addressed by effectively writing off this market. The clamor has subsided, yielding to a serene acceptance of a new reality.
The New $200 Billion Growth Driver Taking Its PlaceThis calm was facilitated by the vast scope of what NVIDIA is currently emphasizing: CPUs. The company has shifted dramatically, reorienting its future with a significant new initiative. Management is now promoting its Vera CPU, stating it “opens up a completely new $200 billion TAM for NVIDIA, a market we have yet to penetrate.” More specifically, they have announced “visibility to almost $20 billion in total CPU revenue this year.” The focal point has shifted. The narrative has transitioned from defending a struggling GPU market to aggressively pursuing an entirely new one, with the company now aiming to establish itself as the “world’s leading CPU supplier.”
The Silence Has Dual ImplicationsThe evaluation here is mixed but leans towards a reassuring outlook. It is troubling that a substantial growth market was effectively lost, a reality reflected in the company's overall revenue growth slowing from its three-year average. Losing a market like China comes with consequences. However, the company’s response demonstrates remarkable strategic flexibility. Instead of fixating on the loss, management has introduced a new growth avenue in CPUs that, according to their figures, vastly exceeds the revenue setback. The pivot is bold and ambitious. The critical point to monitor now is the implementation: anticipate the solid figure on CPU revenue next quarter to determine if this new narrative fulfills its multi-billion-dollar potential.
This Is Not The NVIDIA You Thought You OwnedThis realization is striking. The NVIDIA you believe you possess, the reigning GPU champion, has subtly transformed into a different investment. It is now a comprehensive systems company whose future growth heavily relies on dominating the CPU market, a transition necessitated by a geopolitical barrier it could no longer surmount. Recognizing that transformation required paying attention to the silence.
And for those interested in the semiconductor sector, rather than being influenced by what one company might not disclose, a semiconductor ETF like SMH provides coverage of that specific industry.
NVDA Has Experienced A 66% Decline From Its Peak BeforeWhen management leaves inquiries unanswered, the uncertainty weighs most heavily on those holding significant amounts of the stock. NVDA has seen a decline of 66% from its peak in the past five years, and a drop of this magnitude feels very different when one position constitutes a large portion of your wealth.
Understanding the implications of a repeat decline on your net worth is precisely what the Trefis Wealth team analyzes, utilizing the same rules-based systematic discipline found in our High Quality Portfolio. Request a free vulnerability audit of your major positions.
3M při ceně 160,53 $ za akcii vyplácí roční dividendu 3,12 $ na akcii, takže 1 000 akcií generuje asi 3 120 $ ročně. Firma po resetu dividendy v roce 2024 už dvakrát roční výplatu zvýšila.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Passive income has a way of quieting the noise. Whether markets are grinding higher, correcting hard, or drifting sideways, a dividend check lands in your account on the schedule the company sets, regardless of what the stock is doing. For investors building a paycheck that arrives without a shift, without a client, and without a manager, dividend equities offer something real estate and private credit cannot: instant liquidity alongside cash flow.
That flexibility matters more when the underlying business is a 120-year-old industrial with global scale, entrenched brands, and a fresh operational reset. 3M (NYSE:MMM | MMM Price Prediction) produces more than 60,000 products under brands including Scotch, Post-it, and Command, and its dividend has been a fixture of income portfolios for generations. The question for buyers today is what a meaningful position actually pays, and whether the payout can hold.
We screened our 24/7 Wall St. dividend equity research database and ran the math on one specific position size that income investors ask about constantly: 1,000 shares of 3M.
The 1,000-Share Math on 3M Current Share Price: $160.53 Current Quarterly Dividend: $0.78 Forward Annual Dividend: $3.12 per share Forward Yield: roughly 1.94% Cost of 1,000 shares: $160,530 Annual Passive Income: $3,120 That $3,120 arrives in four roughly equal quarterly installments, with payment dates consistently falling on the 12th of March, June, September, and December. It is a modest headline yield by high-income standards, and the coverage and trajectory underneath it are what matter.
Why the Aristocrat Label Now Carries an Asterisk 3M spent decades as one of the market’s marquee Dividend Aristocrats, raising its payout every year for more than six decades. That streak broke in 2024. Following the Solventum spin-off, the quarterly dividend was reset from $1.51 in Q1 2024 to $0.70 in Q2 2024, alongside a $17.3875 special dividend paid on April 1, 2024 tied to the separation.
Purists no longer count MMM as an uninterrupted Aristocrat, though the company continues to be treated as a dividend blue chip by most income indexes.
The recovery arc is visible in the check itself. The quarterly rate has climbed from $0.70 in 2024, to $0.73 in 2025, to $0.78 in 2026. Two consecutive annual raises after a reset is exactly the pattern a rebuilding payer wants to establish.
SoFi Active Invest is offering a limited-time promotion. Open an account, fund it with $50 or more, and you could receive up to $1,000 in complimentary stock for Active Invest accounts. See for yourself by clicking here now.
Can the $3,120 Hold? Coverage is the reason to take this payout seriously. CEO William Brown has guided full-year 2026 adjusted EPS to $8.50 to $8.70 against a $3.12 dividend, and the company is targeting adjusted operating cash flow of $5.6 billion to $5.8 billion with adjusted free cash flow of $4.6 billion to $4.8 billion.
3M has posted four consecutive quarterly EPS beats, most recently delivering Q1 2026 adjusted EPS of $2.14 on $6.03 billion in revenue with a 23.8% adjusted operating margin.
Capital return is aggressive relative to the dividend line. 3M sent $2.41 billion back to shareholders in Q1 2026 alone through dividends and buybacks, on top of $4.8 billion returned across full-year 2025. Institutions are voting with size: institutional ownership sits at 77.5% of the float.
The offsetting concern is litigation. 3M made $3.5 billion in net pre-tax cash payments tied to PFAS in 2025 and faces a new lawsuit from the New York Attorney General over PFAS contamination, alongside ongoing Combat Arms earplug obligations. Those liabilities are the reason the payout was reset in the first place, and they remain the single largest variable in this dividend’s forward path.
The Bottom Line on 1,000 Shares A 1,000-share position in 3M requires roughly $160,530 at today’s price and produces about $3,120 in annual passive income at the current quarterly rate. That is a blended yield near 1.94%, backed by a payout ratio comfortably under 40% of guided 2026 adjusted earnings.
For an income investor, the interesting math is the trajectory: two raises since the reset, expanding margins, and free cash flow that dwarfs the dividend leave room for the next hike. The reinvestment case for dividends is compounding, and a growing payout compounds twice: once through the shares purchased, and again through the raises those shares eventually collect.
Want Up To $1,000? SoFi Is Giving New Active Invest Users Free StockLooking to grow your money but unsure where to begin? SoFi Active Invest is offering a limited-time promotion—open an account, fund it with $50 or more, and you could receive up to $1,000 in complimentary stock for Active Invest accounts.
From $0 commission trading to fractional shares and automated investing, this app is designed to simplify investing for everyone, whether you’re just starting or already experienced. Its easy to sign up and secure your bonus.
Netflix (NASDAQ:NFLX | NFLX Price Prediction) is becoming a media conglomerate. A cascade of moves in 2026 across sports, gaming, retail, advertising, podcasts, and mergers looks less like adjacent experiments and more like the blueprint of a media conglomerate. The question for Netflix shareholders is whether this sprawl is smart reinvention or a distraction the market is punishing.
The Case That Netflix Is Becoming a Conglomerate Start with live sports. Netflix has secured exclusive global streaming rights to the MLB Home Run Derby, Opening Night, and the Field of Dreams Game in a roughly three-year, $50 million per year deal, its first major live sports broadcast package. That follows the World Baseball Classic in Japan (47 games), which became the most-watched Netflix program ever in that country, plus the Canelo vs. Crawford bout, which drew more than 41 million viewers.
The expansion extends beyond sports. Netflix has opened Netflix Houses in Dallas and King of Prussia, PA; launched the Netflix Playground standalone kids gaming app across six countries; rolled out video podcasts with partners like Spotify/The Ringer, iHeartMedia, and Barstool Sports; and poured roughly $1 billion into a Fort Monmouth, N.J., production hub with 12 new soundstages. The advertising arm alone grew more than 2.5x to over $1.5 billion in 2025 and is expected to reach about $3 billion in 2026.
Then there’s M&A. Netflix walked away from a Warner Bros. deal, collecting a $2.80 billion termination fee that helped push Q1 2026 net income to $5.28 billion. Reports now put early-stage talks around Letterboxd at roughly $250 million, with Netflix’s name also circling Lionsgate Studios, valued near $3.86 billion. Both should be treated as rumored rather than confirmed.
Reinvention or Costly Sprawl? The market is skeptical. Shares are down 21.6% year to date and 41.1% over the past year. Reddit’s most upvoted thread of the week framed it plainly: “Netflix is down 42% from its high and trading cheaper than the S&P 500, the July 16 earnings are going to be fascinating.” Prediction markets assign a 75.5% probability of a Q2 earnings beat, yet 72.5% odds that the stock closes down on July 16. Insider activity has leaned toward selling.
Still, the fundamentals underpinning the strategy are formidable: a $309.7 billion market cap, 48.5% ROE, and 29.7% operating margin, on a P/E near 24. (Investors weighing whether streaming’s champion belongs in the same conversation as AI-boom names may want to keep 24/7 Wall St.’s 7 Stocks Powering the AI Boom report on the radar for context on where growth capital is flowing.)
What to Watch Judge the conglomerate thesis on four signals: ad revenue tracking toward the $3 billion 2026 target, operating margin holding in the 32% to 34% band the market expects, engagement trends after price hikes, and whether free trial tests translate into net subscriber additions. Today’s earnings report is the first real test.
If You’ve Been Thinking About Retirement, Pay Attention (sponsor) Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance, and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor. Here’s how:
Answer a Few Simple Questions.
Get Matched with Vetted Advisors
Choose Your Fit
Why wait? Start building the retirement you’ve always dreamed of. Get started today! (sponsor)
McDonald’s v 1. čtvrtletí 2026 podpořil globální marketing růst srovnatelných tržeb o 3,8 % a zisk podílu na trhu téměř ve všech 10 největších trzích. Tahaly ho lokální kampaně a partnerské akce se zábavními značkami.
Key Takeaways McDonald's used entertainment partnerships and local campaigns to support customer engagement worldwide.Global marketing helped deliver 3.8% comparable sales growth and market share gains in most top 10 markets.Australia paired value, marketing, menu innovation and beverages to drive sales growth and share gains. McDonald's Corporation (MCD - Free Report) has been reinforcing customer engagement through a global marketing strategy built around cultural relevance, entertainment partnerships and localized campaigns. While value and menu innovation remain central to the company's growth strategy, marketing has become an important tool for attracting new customers, strengthening brand engagement and supporting restaurant traffic across key markets.
During the first quarter of 2026, McDonald's combined globally recognized entertainment brands with locally relevant campaigns to reach customers across different age groups and occasions. Initiatives included the Friends collectibles campaign in several international markets, a Super Mario Happy Meal promotion and a Netflix KPop Demon Hunters partnership that integrated digital activation through the McDonald's app.
The company also expanded successful campaigns across multiple countries, allowing local ideas to reach a broader audience while maintaining brand consistency. In the first quarter of 2026, this marketing approach supported global comparable sales growth of 3.8%, 6% rise in constant-currency systemwide sales and market share gains in nearly all of the company's top 10 markets.
The strategy extends beyond short-term promotional activity. Marketing is designed to complement value offerings and menu innovation, creating multiple reasons for customers to visit restaurants. Australia demonstrated this approach by pairing value menus, marketing activations, menu innovation and beverage initiatives, contributing to mid to high-single-digit comparable sales growth and a third consecutive quarter of market share gains.
As consumer spending remains uneven across many markets, McDonald's broad marketing platform, supported by global scale and local execution, could remain an important factor in sustaining customer traffic and reinforcing its competitive position.
MCD’s Price Performance, Valuation & EstimatesShares of McDonald’s have dropped 11.7% in the past year compared with the industry’s decline of 8.3%. In the same time frame, other industry players like, Starbucks Corporation (SBUX - Free Report) has gained 12.8% and Dutch Bros Inc. (BROS - Free Report) has increased 0.6%.
MCD Stock’s One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, MCD trades at a forward price-to-sales (P/S) multiple of 6.43, above the industry’s average of 3.29. Then again, other industry players, such as Starbucks and Dutch Bros, have P/S ratios of 3.02 and 4.78, respectively.
MCD’s P/S Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MCD’s 2026 earnings per share has declined from $12.93 to $12.90 in the past seven days.
EPS Trend of MCD Stock
Image Source: Zacks Investment Research
The company is likely to report strong earnings, with projections indicating a 5.7% year-over-year increase in 2026. Conversely, industry players like Dutch Bros are likely to rise 22.4% in 2026 earnings. Starbucks is likely to witness growth of 12.7% year over year in fiscal 2026 earnings.
MCD’s Zacks RankMCD stock currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Intel a AMD ve čtvrtek prudce oslabují kvůli obavám z přebytečné kapacity v čipech a zpomalení růstu cen pamětí HBM. Intel navíc tlačí zprávy o zpoždění výnosných výtěžností procesu 18A až na konec roku 2026 nebo 2027.
Intel (INTC) and Advanced Micro Devices AMD shares are under immense pressure on Thursday morning, amidst what can be described as a “perfect storm”.
A mix of global semiconductor panic, a significant shift in how Wall Street is viewing the AI boom, and painful company-specific realities (for INTC in particular) is hurting the chip names today.
Despite the sell-off, however, both AMD and Intel stocks remain blockbuster investments for 2026 – currently trading at well over 2x their prices at the start of this year.
Intel, AMD, and the broader semiconductor sector are bleeding on July 16 due to two major global catalysts.
South Korean memory giant SK Hynix suffered a “historic” single-session collapse (its worst ever) after reports surfaced that its high-bandwidth memory (HBM) average selling prices are growing slower-than-expected.
This sent shockwaves through the global supply chain. Moreover, while equipment giant ASML recently reported a massive backlog, the market has suddenly inverted its thinking.
Instead of viewing this as a sign of booming demand, investors are worried that chip manufacturing capacity is being built out too fast.
The core anxiety has shifted from “Can they build enough chips?” to “Is the massive capex on AI hardware actually sustainable?”
For Intel and AMD stock, this overcapacity threat points to a steep collapse in pricing power and a severe margin squeeze just as their expensive, next-gen hardware architectures are launching.
INTC shares are taking a harder hit than most chip stocks at writing because the firm’s ambitious turnaround story is hitting major speed bumps.
The bull case for Intel in 2026 relies primarily on its cutting-edge 18A manufacturing process.
But recent reports indicating that profitable yields for 18A are being pushed back to late 2026 or even 2027 are severely deflating investor optimism.
Adding fuel to the fire today, JPMorgan named Intel a top short idea.
The bank said that Intel’s massive year-to-date rally priced in a foundry and artificial intelligence recovery that simply isn’t showing up in concrete financial results yet.
To make matters worse, AMD recently surpassed INTC in quarterly data-center revenue for the first time ($5.8 billion vs. $5.1 billion), showing that Intel is actively losing ground in its most profitable business segment.
After massive gains in the first half of 2026, institutional investors are aggressively taking profits.
There is a visible market rotation underway: funds are pulling capital out of high-beta chip names (like Marvell, Intel, and AMD) and parking it in mega-cap tech giants (like Apple and Google) and Chinese tech names (like Alibaba) that actually spend the AI cash rather than build the hardware.
This isn’t a sign that AI demand is dead.
It’s a valuation and positioning correction. Because both INTC and AMD shares were “priced for perfection”, any sign of friction – whether delayed node or a macro capacity concerns – was bound to trigger a sharp exit.
UnitedHealth Group (UNH - Free Report) reported $112.03 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 0.4%. EPS of $6.38 for the same period compares to $4.08 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $110.12 billion, representing a surprise of +1.74%. The company delivered an EPS surprise of +29.15%, with the consensus EPS estimate being $4.94.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how UnitedHealth performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating Statistics - Medical Care Ratio: 86.7% versus 88.5% estimated by seven analysts on average.UnitedHealthcare Customer Profile - People Served - Total Commercial - Domestic: 29.92 million versus the five-analyst average estimate of 29.53 million.UnitedHealthcare Customer Profile - People Served - Commercial - Domestic - Risk-based: 7.66 million versus 7.26 million estimated by five analysts on average.UnitedHealthcare Customer Profile - People Served - Commercial - Domestic - Fee-based: 22.27 million versus 22.27 million estimated by five analysts on average.Revenues- Investment and other income: $1.22 billion versus the seven-analyst average estimate of $1.03 billion. The reported number represents a year-over-year change of +10.4%.Revenues- Products: $13.84 billion versus $13.69 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +2% change.Revenues- Services: $10.02 billion versus $9.55 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +10.8% change.Revenues- Premiums: $86.96 billion versus the seven-analyst average estimate of $86.21 billion. The reported number represents a year-over-year change of -1.1%.Revenues- Optum Insight: $5.4 billion versus $5.32 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +11.9% change.Revenues- Optum Rx: $38.29 billion versus $37.36 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -0.4% change.Revenues- Optum Health: $23.47 billion compared to the $22.65 billion average estimate based on six analysts. The reported number represents a change of -6.9% year over year.Revenues- UnitedHealthcare- Total: $86.02 billion versus the six-analyst average estimate of $84.75 billion. The reported number represents a year-over-year change of -0.1%.View all Key Company Metrics for UnitedHealth here>>>
Shares of UnitedHealth have returned +4.8% over the past month versus the Zacks S&P 500 composite's +0.5% 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.
Chevron v pátek podepíše s iráckou vládou memoranda o porozumění k rozvoji podílů v polích West Qurna 2 a Nassiriya. Dohoda má posunout podmínky ke konečnému převzetí West Qurna 2.
A Chevron logo at the Chevron building in Houston, Texas, U.S. August 19, 2025. REUTERS/Kaylee Greenlee Purchase Licensing Rights, opens new tab
SummaryCompaniesWest Qurna 2 currently produces about 460,000 barrels per dayFriday's preliminary agreement would progress commercial terms toward a final West Qurna 2 takeover deal, the executive saidChevron is also discussing pipeline routes to bypass the Strait of Hormuz, the executive saidHOUSTON, July 16 (Reuters) - Chevron will sign memorandums of understanding on Friday with the Iraqi government to advance the U.S. oil major's interests in the West Qurna 2 and Nassiriya oilfields, according to a senior Chevron executive.
The company is also continuing talks with Iraq to produce technical studies and evaluate potential pipeline routes to transport crude out of the country and bypass the Strait of Hormuz, the executive said.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
Iraqi Prime Minister Ali al-Zaidi, who took office in May, visited Chevron's Houston headquarters on Thursday as part of a five-day trip to the U.S., which included a meeting with President Donald Trump on Tuesday.
Iraq's government is seeking to secure U.S. partnerships during this week's visit to the U.S. to help boost its oil output. In February, Chevron moved into exclusive talks with Iraq for West Qurna 2, one of the world's largest oilfields that currently produces about 460,000 barrels per day.
The preliminary agreement on Friday will progress commercial terms and help lead to a final agreement for Chevron to take over the oilfield, the senior executive said.
Chevron and Iraq signed an agreement in principle last August to develop the Nassiriya oilfield project that consists of four exploration blocks in addition to the development of other producing oil fields.
Reporting by Sheila Dang in Houston; Editing by Nathan Crooks and Chizu Nomiyama
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Wall Street čeká, že Newmont při výsledcích za čtvrtletí končící v červnu 2026 vykáže zisk 2,18 USD na akcii a tržby 6,19 miliardy USD, obojí meziročně vyšší. Odhady ale byly za 30 dní sníženy a Earnings ESP je -12,55 %.
Wall Street expects a year-over-year increase in earnings on higher revenues when Newmont Corporation (NEM - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis gold and copper miner is expected to post quarterly earnings of $2.18 per share in its upcoming report, which represents a year-over-year change of +52.5%.
Revenues are expected to be $6.19 billion, up 16.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.97% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Newmont?For Newmont, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -12.55%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Newmont will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Newmont would post earnings of $2.07 per share when it actually produced earnings of $2.90, delivering a surprise of +40.10%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Newmont doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
NextEra Energy ke konci roku 2025 provozovala 6 168 MW bateriových úložišť a plánuje přidat dalších téměř 32–42 GW v letech 2026 až 2032. Cílí tím na vyšší spolehlivost sítě a lepší využití obnovitelných zdrojů.
Key Takeaways NextEra Energy operated 6,168 MW of battery storage as of Dec. 31, 2025.Energy Resources plans to add nearly 32-42 GW of battery storage from 2026 through 2032.Battery storage supports peak demand, lowers costs and reduces reliance on fossil-fuel generation. NextEra Energy Inc. (NEE - Free Report) is expanding the battery energy storage portfolio alongside its solar and wind assets. The battery storage investments enhance grid flexibility, support rising electricity demand and advance the transition to affordable, reliable and cleaner energy. Battery storage additions are in sync with NextEra's long-term objective of delivering affordable, reliable and low-carbon electricity.
As of Dec. 31, 2025, NextEra, through its units, operated 6,168 megawatts of battery storage, reinforcing grid reliability and supporting the integration of renewable energy. Given the increasing focus on using more renewable sources to generate electricity, NextEra unit Energy Resources has plans to add nearly 32-42 gigawatts of battery storage in the 2026-2032 period. Battery storage investment will enable the company to benefit from rising electricity demand driven by AI-powered data centers, electrification and corporate decarbonization.
Battery energy storage plays a vital role in the clean energy transition by storing excess solar and wind power for use during periods of high demand or lower renewable generation. This enhances grid reliability, supports greater renewable energy integration and reduces reliance on fossil fuel-fired power plants.
NextEra’s expanding battery storage portfolio enhances earnings visibility, supports sustainable cash flow growth and reinforces its competitive advantage in the evolving energy landscape. As battery storage becomes increasingly essential to a cleaner and more resilient power grid, NextEra is likely to remain one of the key beneficiaries of the global energy transition.
Battery Storage Allows Utilities to Use More Renewable EnergyBattery storage projects enable utilities to optimize power supply and demand, improve grid reliability and integrate more renewable energy into the electricity system. By storing excess electricity for use during peak demand, these projects enhance grid resilience, lower operating costs and ensure a reliable power supply.
Battery storage is becoming essential for utilities as renewable output grows more variable. The AES Corporation (AES - Free Report) and Xcel Energy (XEL - Free Report) are utilizing storage to shift low-cost power into peak periods, reduce curtailment, improve grid reliability and defer selected infrastructure upgrades. During the energy transition, these capabilities can strengthen asset utilization, support customer demand, lower operating volatility and create durable earnings and investment opportunities.
The Zacks Rundown for NEENextEra Energy’s Earnings Estimates Moving UpThe Zacks Consensus Estimate for NEE’s 2026 and 2027 earnings per share indicates a year-over-year increase of 8.09% and 8.7%, respectively.
Image Source: Zacks Investment Research
NEE Stock Returns Better Than Its IndustryReturn on equity (“ROE”) is a financial ratio that measures how well a company uses its shareholders’ equity to generate profits. The current ROE of the company indicates that it is using shareholders’ funds more efficiently than peers.
NextEra’s trailing 12-month ROE is 12.25%, ahead of the industry average of 11.21%.
Image Source: Zacks Investment Research
NEE Price PerformanceShares of NextEra have gained 3.3% in the past month, beating the Zacks Utility - Electric Power industry’s rally of 1.7%.
U.S. Bancorp ve 2. čtvrtletí překonal odhady díky růstu čistého úrokového výnosu a poplatkových příjmů; EPS stoupl na 1,35 USD a tržby dosáhly rekordu 7,71 miliardy USD.
Key Takeaways U.S. Bancorp beat Q2 earnings and revenue estimates on higher NII and broad-based fee income growth.USB's BTIG acquisition lifted capital markets revenues and expanded institutional capabilities.USB plans a 4% dividend increase after stress-test clearance and continued share repurchases. U.S. Bancorp (USB - Free Report) has reported second-quarter 2026 earnings per share of $1.35, topping the Zacks Consensus Estimate by 5.5%. The bottom line increased 21.6% from $1.11 in the year-ago quarter.
Results were supported by higher net interest income (NII), broad-based fee revenue growth and strong loan growth, while the company posted positive operating leverage of 400 basis points. The BTIG acquisition (completed in June 2026) also contributed to capital markets revenue growth and expanded the company’s institutional capabilities. However, a rise in provision was concerning.
Net income attributable to U.S. Bancorp was $2.18 billion, up 19.9% from the prior-year quarter.
USB Revenue Mix Improves on Higher NII & Fee GrowthNet revenues reached a record level of $7.71 billion in the second quarter, rising 10.1% year over year and surpassing the consensus estimate by 1.3%.
Tax-equivalent NII was $4.39 billion, up 7.5% from the prior-year period. Management attributed the improvement to loan growth, a better earning-asset mix and fixed-asset repricing benefits. The net interest margin expanded 13 basis points year over year to 2.79%.
Non-interest income totaled $3.33 billion, rising 13.7% from the year-ago quarter. Growth was driven by higher revenues across all fee categories, including card revenues, corporate payment and treasury management revenues, trust and investment management fees, lending and deposit-related fees, and capital markets revenues. Capital markets revenues benefited from the BTIG acquisition, increased client-related derivative activity, higher corporate bond underwriting fees and favorable market conditions.
U.S. Bancorp Expenses Rise, Efficiency StrengthensNon-interest expenses were $4.43 billion, up 5.9% from the year-ago quarter. The impacts of the BTIG acquisition, higher compensation and employee benefits expenses, technology and communications expenses, marketing and business development initiatives, and other expenses led to the rise.
The company’s efficiency ratio declined to 57.1% from 59.2% a year ago, indicating improvement in profitability.
USB Balance Sheet Expands With Loan & Deposit GrowthAverage total loans increased 3% sequentially to $405.48 billion and advanced 7.1% year over year, reflecting broad-based growth in key categories.
Average total deposits were $515.08 billion, essentially flat with the prior quarter and up 2.4% year over year.
U.S. Bancorp Credit Trends: Mixed BagProvision for credit losses was $538 million, up 7.4% from the year-ago quarter, primarily reflecting loan portfolio growth. Total net charge-offs were $536 million, down from $554 million a year earlier, and the net charge-off ratio was 0.53% versus 0.59% in the prior-year quarter.
The allowance for credit losses increased to $7.98 billion as of June 30, 2026, from $7.86 billion a year earlier. Non-performing assets were $1.35 billion, down from $1.68 billion as of June 30, 2025.
U.S. Bancorp Capital Levels SolidCapital levels remained solid. The Basel III standardized CET1 capital ratio was 10.8% at the quarter end, up from 10.7% in the year-ago period.
The tier 1 capital ratio was 12.2%, down from 12.3% in the prior year. The leverage ratio was 8.9%, up from 8.5% in the year-ago quarter.
The tangible common equity to tangible assets ratio was 6.6%, up from the prior-year quarter’s 6.1%.
During the quarter, U.S. Bancorp repurchased 3 million shares and continued repurchases under its $5-billion common stock repurchase authorization. Post clearing the 2026 stress test, the company also plans to increase its quarterly common stock dividend 4% to 54 cents per share in the third quarter of 2026, subject to board approval.
Our Take on USBU.S. Bancorp’s diversified revenue streams, solid loan growth and improving credit quality continue to support its strong financial performance. Growth in NII and non-interest income, coupled with improved efficiency, bodes well for future profitability. The completion of the BTIG acquisition expanded USB’s capital markets capabilities and provided opportunities to deepen relationships with corporate and institutional clients. Although provisions rose in the second quarter of 2026, U.S. Bancorp remains focused on delivering sustainable growth, attractive returns and long-term shareholder value.
Currently, U.S. Bancorp carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Dates & Expectations of Other StocksRegions Financial (RF - Free Report) is scheduled to release second-quarter 2026 earnings on July 17.
The consensus estimate for RF’s quarterly earnings has been unchanged at 64 cents per share over the past seven days. This indicates a 6.7% increase from the year-ago reported level.
Truist Financial (TFC - Free Report) is slated to report second-quarter 2026 results on July 17.
Over the past seven days, the Zacks Consensus Estimate for TFC’s quarterly earnings has been unchanged at $1.08 per share. This indicates an 18.7% increase from the year-ago reported level.
Uber Eats rozšiřuje doručování mimo jídlo a nově přidává GameStop i Foot Locker. Zákazníci si přes aplikaci mohou objednat hry, konzole, oblečení i obuv z více než 1 000 poboček v USA.
Uber Eats has continued its expansion into deliveries of goods beyond meals by forming partnerships with gaming retailer GameStop and three footwear, apparel and accessories retail brands affiliated with Foot Locker.
With GameStop joining the Uber Eats marketplace, customers can use Uber Eats to order video games, gaming consoles, accessories and collectibles from GameStop locations across the United States and have them delivered on demand or at a scheduled time, Uber Technologies said in a Wednesday (July 15) press release.
GameStop said in a Wednesday post on X: “What’s your excuse for buying digital now?”
Hashim Amin, head of grocery and retail for Uber in North America, said in the release: “Adding GameStop to Uber Eats strengthens our growing gaming and electronic selection, giving customers access to another trusted retailer they can shop with the speed and convenience they know from Uber.”
Another new partnership has added Foot Locker, Kids Foot Locker and Champs Sports to the Uber Eats marketplace. This allows consumers to use the Uber Eats app to order footwear, apparel and accessories from the retail brands’ more than 1,000 locations across the U.S. and have them delivered on demand or at a scheduled time, Foot Locker said in a Thursday (July 16) press release.
Ashley Chiang, senior director of strategy at Foot Locker, said in the release that Foot Locker is “focused on giving customers more ways to shop with speed and convenience” and that the new partnership provides “another seamless way for them to access the products they love, especially during key shopping moments like back-to-school season.”
Uber’s Amin said in the release that the partnership “brings some of the world’s most iconic athletic brands to our marketplace and gives customers another fast, convenient ways to shop the products they love.”
The Uber Eats marketplace now includes thousands of storefronts across grocery, convenience, beauty, home improvement, office supplies, pet supplies, electronics and other categories, according to the Wednesday press release.
“Uber Eats has become the place consumers turn to for whatever they need, whether it’s dinner tonight or a last-minute pair of sneakers,” Amin said in the Thursday press release.
It was reported in September 2025 that Uber was seeing its non-restaurant deliveries grow faster than expected and that the company had added 1,000 new retailers to its delivery service in the first nine months of 2025.
PYMNTS reported in May that Uber Technologies increasingly resembles a sprawling mobility and logisticsplatform. The company aims to orchestrate airport rides, hotel reservations, restaurant delivery, retail shoppingand eventually autonomous fleets.
Abbott Laboratories ve 2. čtvrtletí zvýšil srovnatelný prodej o 4,8 % a upravený EPS na 1,31 USD. Zároveň zvedl celoroční výhled upraveného EPS na 5,45 až 5,60 USD.
Why Abbott Laboratories Stock Is Suddenly Winning Back Wall StreetAbbott Laboratories NYSE: ABT reported second-quarter 2026 comparable sales growth of 4.8% and adjusted earnings per share of $1.31, with Chairman and Chief Executive Officer Robert Ford saying results marked an acceleration from the prior two quarters.
The company reaffirmed its full-year comparable sales growth guidance of 6.5% to 7.5% and raised its adjusted EPS guidance range to $5.45 to $5.60. Chief Financial Officer Phil Boudreau said Abbott expects third-quarter adjusted EPS of $1.38 to $1.46.
Get Abbott Laboratories alerts:
AbbVie Fires Healthy Trend-Following Signal: Is a Rebound Ahead?Ford said Abbott entered the second half of the year with “momentum building across the portfolio” and “clear line of sight” to the drivers behind expected sales growth acceleration. He said the company’s focus on gross margin expansion supported the higher earnings outlook.
Margins Improve as Sales Growth Accelerates Boudreau said second-quarter adjusted gross margin was 58.0% of sales, up 100 basis points from the prior year. He attributed the improvement to favorable business mix within Abbott’s legacy portfolio, the addition of Exact Sciences, operational improvements and disciplined execution of margin expansion initiatives.
Abbott Stock Crash: Rebound Could Be Coming FastAdjusted research and development expense was 6.9% of sales, while adjusted selling, general and administrative expense was 28.6% of sales. Foreign exchange had a favorable 0.8% year-over-year impact on second-quarter sales, slightly better than Abbott expected in April. Based on current rates, Boudreau said the company expects foreign exchange to have a positive impact of about 1% on full-year sales, including an expected negative impact of about 1% in the third quarter.
Diagnostics and Nutrition Show Mixed Trends In diagnostics, Ford said Abbott’s core laboratory business reflected strong demand for testing, which he described as a useful indicator of broader healthcare activity. U.S. core laboratory sales grew 7.5%, and Ford said the company continued to post strong performance in Latin America. During the question-and-answer session, he said hospital lab testing within Abbott’s U.S. core lab business was up 13% in the quarter.
Rapid and molecular diagnostics sales declined 8%, driven by an expected drop in respiratory virus testing following a weaker-than-normal season that ended during the quarter.
Cancer diagnostics sales grew 13%, supported by mid-teens growth in Cologuard, contributions from precision oncology and international growth. Ford said Abbott continues to expect cancer diagnostics growth in the second half to exceed first-half growth, helped by care gap programs, recently launched tests and international adoption. He also noted that the American Cancer Society updated its colorectal cancer screening guidelines in May, reaffirming Cologuard and Cologuard Plus as preferred screening options.
Nutrition sales came in slightly ahead of Abbott’s expectations for the second straight quarter, according to Ford. Sales increased sequentially by $125 million, supported by improving trends in both pediatric and adult nutrition. International pediatric nutrition returned to positive growth, rising 6.5% in the quarter. In the U.S. pediatric business, Ford said Abbott exited the quarter with the full benefit of recent WIC contract wins in its run rate and is now the market leader in both WIC and non-WIC segments.
In adult nutrition, Ford said the company continued to see positive volume trends after price actions taken late last year. U.S. retail consumption of Ensure rose by double digits compared with levels exiting last year. Abbott is also seeing contributions from new versions of Ensure featuring higher protein, lower sugar and updated labeling and packaging.
Medical Devices Growth Led by EP, Rhythm Management and Diabetes Care Medical devices sales grew 8.5%, with Abbott’s cardiovascular device portfolio also up 8.5%. Ford said growth was led by low-teens growth in electrophysiology and high-single-digit growth in rhythm management and heart failure.
In electrophysiology, Ford said the second quarter marked the beginning of an acceleration in the business. Abbott launched its next-generation Volt pulsed field ablation catheter, commonly called Volt 2.0, in the U.S. in May and expects to move from limited market release to full market release in the third quarter. Internationally, the rollout of Volt and TactiFlex Duo is gaining traction, with growth of more than 20% in Europe.
Rhythm management sales grew 9.5%, supported by expanded use of the AVEIR pacemaker across single- and dual-chamber segments and broader international adoption. Heart failure sales grew 9%, led by double-digit growth in the U.S. from Abbott’s heart assist devices.
In diabetes care, continuous glucose monitoring sales exceeded $2 billion and grew 9.5%. Abbott received CE mark in May for Libre Duo, which Ford described as the world’s first dual glucose-ketone wearable sensor. The company plans to begin the international rollout in the fall and bring the product to the U.S. after FDA approval.
Pipeline Updates Include New Launches and Clinical Trials Ford highlighted several pipeline milestones, including completion of patient enrollment in the TECTONIC coronary intravascular lithotripsy pivotal trial and completion of Abbott’s FDA submission for approval of its new Amulet 360 left atrial appendage device.
He said Abbott expects to launch Amulet 360, Libre Duo, its coronary IVL product and TactiFlex Duo PFA catheter in the U.S. over the next 12 months. The company also remains on track to begin patient enrollment in the fourth quarter for several clinical trials, including studies for a balloon-expandable TAVR valve, a leadless conduction system pacing device using the AVEIR platform, a mitral replacement valve developed after Abbott’s acquisition of Cephea Valve Technologies, a peripheral IVL device developed after the acquisition of CSI and a wearable continuous lactate monitoring sensor intended to reduce sepsis risk after hospital discharge.
Management Addresses Demand, CGM Reimbursement and 2027 Setup During the call’s Q&A session, Ford said Abbott is not seeing signs of weakening procedure volumes in its businesses, despite investor concerns tied to hospital-sector preannouncements and possible Medicaid disenrollment. He said Medicare, not Medicaid, is the larger payer for many medical device procedures, including more than two-thirds of Abbott’s U.S. cardiovascular business. He also said demand for high-acuity, life-saving products is “very inelastic.”
Ford said 80% of Abbott’s expected second-half growth acceleration is expected to come from four areas: nutrition, electrophysiology, core laboratory and cancer diagnostics.
On continuous glucose monitoring, Ford said Abbott remains bullish on the market, estimating that 75 million to 80 million people globally could realistically use CGM, compared with about 15 million today. He said reimbursement expansion is the most immediate driver of adoption, and Abbott is in discussions with about a dozen countries on introducing or expanding coverage. In the U.S., he said broader type 2 diabetes coverage could unlock about 10 million Medicare beneficiaries and accelerate commercial insurance coverage, though he did not provide a specific timing forecast.
Looking beyond 2026, Ford declined to provide specific 2027 guidance but said Abbott continues to target high-single-digit top-line growth and double-digit earnings growth. He described 7% sales growth as a sustainable target for the company, supported by its mix of nutrition, diagnostics, established pharmaceuticals and medical technology businesses.
About Abbott Laboratories NYSE: ABTAbbott Laboratories is a global healthcare company headquartered in Abbott Park, Illinois, that develops, manufactures and markets a broad portfolio of medical products and services. Founded in 1888, Abbott operates through multiple business areas that focus on diagnostics, medical devices, nutritionals and established pharmaceuticals. The company supplies hospitals, clinics, laboratories, retailers and direct-to-consumer channels with products intended to diagnose, treat and manage a wide range of health conditions.
In diagnostics, Abbott provides laboratory and point-of-care testing platforms and assays used to detect infectious diseases, chronic conditions and biomarkers; its Alinity family of instruments and rapid-test solutions are examples of this capability.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Abbott Laboratories Right Now?Before you consider Abbott Laboratories, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Abbott Laboratories wasn't on the list.
While Abbott Laboratories currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Wall Street expects a year-over-year decline in earnings on lower revenues when Honeywell International Inc. (HON - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $1.80 per share in its upcoming report, which represents a year-over-year change of -67.3%.
Revenues are expected to be $5.01 billion, down 51.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 58.78% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Honeywell International?For Honeywell International, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #5.
So, this combination makes it difficult to conclusively predict that Honeywell International will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Honeywell International would post earnings of $4.62 per share when it actually produced earnings of $4.90, delivering a surprise of +6.06%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Honeywell International doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected Results3M (MMM - Free Report) , another stock in the Zacks Diversified Operations industry, is expected to report earnings per share of $2.27 for the quarter ended June 2026. This estimate points to a year-over-year change of +5.1%. Revenues for the quarter are expected to be $6.38 billion, up 3.6% from the year-ago quarter.
The consensus EPS estimate for 3M has been revised 0.5% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.76%.
This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that 3M will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Union Pacific čeká za čtvrtletí zisk 3,20 USD na akcii a tržby 6,6 miliardy USD, obojí meziročně výše. Analytici navíc vidí vysokou šanci na překonání odhadu EPS.
Wall Street expects a year-over-year increase in earnings on higher revenues when Union Pacific (UNP - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 23, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis railroad is expected to post quarterly earnings of $3.20 per share in its upcoming report, which represents a year-over-year change of +5.6%.
Revenues are expected to be $6.6 billion, up 7.2% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.22% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Union Pacific?For Union Pacific, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.34%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Union Pacific will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Union Pacific would post earnings of $2.85 per share when it actually produced earnings of $2.93, delivering a surprise of +2.81%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Union Pacific appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAmong the stocks in the Zacks Transportation - Rail industry, CSX (CSX - Free Report) , is soon expected to post earnings of $0.5 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +13.6%. This quarter's revenue is expected to be $3.82 billion, up 6.9% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for CSX has been revised 0.9% up to the current level. Nevertheless, the company now has an Earnings ESP of +1.31%, reflecting a higher Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that CSX will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Key Takeaways Morgan Stanley's second-quarter 2026 delivered record wealth and institutional revenues.Record $148B in net new assets showed workplace ties feeding the advisory pipeline.A 14.8% CET1 ratio supported buybacks, a 15% dividend hike and organic investment. Morgan Stanley’s (MS - Free Report) second-quarter 2026 call centered less on the earnings beat and more on how management sees the firm extending its advantage across wealth, institutional trading and advisory activity. The company reported EPS of $3.46, which topped the Zacks Consensus Estimate of $2.89. It generated revenues of $21.35 billion, beating the Zacks Consensus Estimate of $19.6 billion.
The bigger message was about durability. Executives framed the quarter as proof that the integrated model is gaining traction while client activity, IPO issuance and AI-related capital needs keep expanding.
MS Leans Harder on the Wealth FunnelChairman and CEO Ted Pick said Wealth and Investment Management client assets reached $10 trillion, including $8 trillion in stand-alone wealth assets, as the firm pushes to deepen relationships across adviser-led and E*TRADE channels. Chief financial officer Sharon Yeshaya said Wealth Management posted record revenues of $8.9 billion and pretax profit of $2.7 billion.
The key operating metric was net new assets. Yeshaya said Morgan Stanley gathered a record $148 billion in NNA, with stock plan IPO flows contributing just over half of that total, underscoring how workplace relationships are feeding the advisory pipeline.
In Q&A, a BofA Securities analyst pressed on whether workplace-driven flows are near a peak. Yeshaya argued the opportunity remains broad because the firm serves about 70% of the top 100 unicorns by market cap in its workplace pipeline and is still investing in referrals, product capabilities and adviser matching tools to improve retention and conversion.
Morgan Stanley Sees Broader Market ActivityInstitutional Securities delivered record revenues of $11 billion and pretax profit of $4.3 billion, helped by a standout equities franchise and a firmer investment-banking backdrop. Yeshaya said investment-banking revenues rose 58% year over year to $2.4 billion, with strength across advisory, equity underwriting and fixed income underwriting.
Equities revenues reached a record $6.3 billion, while fixed income produced $2.5 billion. Management tied that performance to stronger client engagement across regions, especially in Asia, as well as multiyear investments in technology, risk management and franchise scale.
When asked by KBW about pipeline depth, Yeshaya said activity is broadening beyond the Americas, with Asia and other regions building. Pick added that improving regulatory conditions, a healthier IPO market and pent-up strategic demand are creating a more favorable backdrop for both M&A and capital raising.
MS Keeps Investing While Holding Margin DisciplineYeshaya said the firm’s year-to-date efficiency ratio was 65%, with operating leverage offsetting higher execution-related costs and continued strategic spending. She said technology-led expense growth reflects infrastructure investment, AI-enabled efficiencies and business expansion.
Within wealth, the pretax margin was 30.5%. Asked whether that level can move structurally higher, Pick said management is not resetting targets midyear and is more focused on driving pretax profit growth than solving for a specific margin number.
That answer carried an important signal. Even after surpassing the 30% benchmark multiple times, management still appears willing to absorb near-term investment costs if they support wallet share gains and extend the runway for fee-based asset growth.
Morgan Stanley Ties AI to Advisory DemandPick used the call to sharpen a broader strategic theme around AI and geopolitics. He said enterprise AI adoption and a more fragmented global order are reshaping supply chains, capital allocation and client demand for advice.
In response to a Wells Fargo analyst, Pick said Morgan Stanley research now sees data-center capital spending reaching about $850 billion in 2026, $1.3 trillion in 2027 and potentially $1.5 trillion in 2028. He said that could leave the industry only 10% to 15% through a much longer AI investment cycle.
His point was not that Morgan Stanley can call the exact size of the cycle, but that the firm expects a meaningful role as adviser, underwriter and capital allocator as companies finance that build-out across private and public markets.
MS Defends Its Competitive Position in the WorkplaceA Wolfe Research analyst asked about rising competition from smaller RIAs in workplace solutions. Yeshaya argued Morgan Stanley’s moat starts with corporate coverage and the integrated-firm model, then extends through financial wellness tools, adviser matching and a broader product set.
She also drew a line between Morgan Stanley’s workplace capabilities and its investment-banking franchise. The firm’s ability to win IPO-related corporate relationships, she said, gives it access to asset flows that smaller competitors cannot easily replicate.
That exchange reinforced a recurring message from the quarter: management views the workplace not as a narrow channel, but as the top of a long-duration acquisition funnel that links corporate relationships, employee assets and advice-based retention.
Morgan Stanley Enters the Back Half With FlexibilityThe other major theme was balance-sheet strength. Morgan Stanley ended the quarter with a standardized CET1 ratio of 14.8%, repurchased $1.5 billion of stock and raised its quarterly dividend 15% to $1.15 per share.
Pick said excess capital gives the firm room to support clients, invest organically and consider selective bolt-on deals, though he emphasized that the bias remains toward organic deployment. The tone throughout the call was confident but disciplined, with management repeatedly stressing higher highs and higher lows through the cycle.
Zacks Signals for MSMS carries a Zacks Rank #3 (Hold) at present, along with a Value Score of D, Growth Score of B, Momentum Score of A and VGM Score of B. That mix points to stronger growth and momentum characteristics than value support, while the VGM Score suggests a relatively balanced profile across styles.
The strongest setups typically pair a Zacks Rank #1 (Strong Buy) or 2 (Buy) with A or B Style Scores, while a Zacks Rank #3 can still be held, but is a less favorable signal. The current rank can also change as earnings estimate revisions adjust following the quarter’s results and management commentary. You can see the complete list of today’s Zacks #1 Rank stocks here.
Rockwell Automation bude dodávat řídicí platformu pro testovací reaktor Aalo-X od Aalo Atomics. Aalo dosáhlo kritičnosti na svém pilotním reaktoru před dvěma týdny, což je důležitý milník pro vývoj pokročilých jaderných technologií v USA.
, /PRNewswire/ -- Rockwell Automation, Inc. (NYSE:ROK), the world's largest company dedicated to industrial automation and digital transformation, today announced Aalo Atomics, the company building fully modular nuclear plants to power modern AI data centers, has selected Rockwell as the control platform provider for its Aalo-X test reactor.
Aalo Atomics' Aalo-X test reactor, supported by Rockwell Automation's control platform technology. Photo credit: Aalo Atomics The collaboration supports Aalo's participation in the U.S. Department of Energy Reactor Pilot Program, an initiative to accelerate the development, authorization and validation of advanced nuclear technologies. Aalo reached criticality on its pilot reactor two weeks ago, ahead of its July 4, 2026, deadline, marking a significant milestone for next-generation nuclear deployment in the United States.
Rockwell Automation provides integrated control and information solutions, including its ControlLogix® platform, to support reactor operations, system reliability and accelerated development timelines. The platform is designed to deliver safe, scalable control for a first-of-its-kind reactor system across the full lifecycle, from design to operation.
"This collaboration highlights the growing need for proven industrial control systems to enable new energy technologies at scale," said Brian Holte, VP, Global Industry Sales at Rockwell Automation. "By supporting Aalo's path to first criticality, we're demonstrating how flexible, resilient platforms can accelerate the commercialization of advanced reactor designs."
Aalo's Aalo-X test reactor serves as a testbed for rapid innovation in modular reactor technology, allowing real-world validation of system performance and operational readiness. Through the DOE pilot program, Aalo has demonstrated a streamlined pathway to advance next-generation nuclear capabilities in a live environment.
"Rockwell brings deep expertise in mission-critical control systems that are essential for achieving our accelerated program milestones," said Yasir Arafat, President & CTO, Aalo Atomics. "Having a trusted automation partner is key to executing safely and efficiently and will help us pave the way towards commercial power."
The project positions Rockwell as a key enabler of emerging nuclear technologies and reinforces its role in supporting energy transition efforts through advanced automation and digital solutions. The companies will continue to collaborate as the program advances, with the Aalo-X test reactor serving as a foundation for future commercial deployments.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 26,000 problem solvers dedicated to our customers in more than 100 countries as of fiscal year end 2025. To learn more about how we are bringing Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com
About Aalo Atomics
Aalo Atomics is developing next-generation small modular reactor technologies designed to enable safe, scalable and cost-effective nuclear energy. Through participation in the U.S. Department of Energy Reactor Pilot Program, Aalo advances rapid reactor development and testing to support the future of clean energy.
Prologis (PLD - Free Report) came out with quarterly funds from operations (FFO) of $1.63 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to FFO of $1.46 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of +6.54%. A quarter ago, it was expected that this industrial real estate developer would post FFO of $1.48 per share when it actually produced FFO of $1.5, delivering a surprise of +1.35%.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
Prologis, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $2.18 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.68%. This compares to year-ago revenues of $2.03 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Prologis shares have added about 12.4% since the beginning of the year versus the S&P 500's gain of 10.6%.
What's Next for Prologis?While Prologis has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Prologis 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 FFO estimate is $1.57 on $2.16 billion in revenues for the coming quarter and $6.17 on $8.58 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 25% 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.
One other stock from the same industry, InvenTrust Properties Corp. (IVT - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 3.
This company is expected to post quarterly earnings of $0.49 per share in its upcoming report, which represents a year-over-year change of +11.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
InvenTrust Properties Corp.'s revenues are expected to be $79.56 million, up 8.2% from the year-ago quarter.
AvalonBay Communities vstoupila do 2. čtvrtletí s obsazeností nad 96 % a silnější poptávkou po nájmech. Vyšší úrokové náklady ale mají ve 2. čtvrtletí meziročně vzrůst o 8,9 %.
Key Takeaways AvalonBay entered Q2 with occupancy above 96% and improving leasing momentum across its markets.AVB benefited from strong demand, low turnover and firmer renewal pricing as new supply slowed.Higher interest expense is expected to rise 8.9% in Q2, offsetting some operating improvements. AvalonBay Communities, Inc. (AVB - Free Report) , a leading real estate investment trust (“REIT”) specializing in the development, acquisition and management of multifamily properties, is set to announce its second-quarter 2026 results after the closing bell on July 22.
In the last reported quarter, this residential REIT delivered a positive surprise of 1.07% in terms of core funds from operations (“FFO”) per share. Results reflected higher same-store occupancy at 96.1%, underscoring steady demand heading into the peak leasing season. However, higher interest expenses undermined the performance to an extent.
Over the past four quarters, AvalonBay’s earnings surpassed the Zacks Consensus Estimate on three occasions and missed on the other. The graph below depicts the surprise history of the company:
As we approach the release of AvalonBay's second-quarter 2026 earnings report, it is important to examine how this residential REIT is likely to have performed amid the current market conditions.
U.S. Apartment Market in Q2The U.S. multifamily market entered the second half of 2026 with a clearer recovery taking shape, as strong renter demand and a rapidly shrinking supply pipeline began translating into lower vacancy and improving rent growth.
According to a Cushman & Wakefield report, net absorption reached roughly 124,600 units, up from 83,500 units in the first quarter and 8% above the prior year, making it the fifth-strongest quarter in nearly 25 years. The supply picture also became more favorable. Approximately 88,000 units were delivered during the quarter, down 27% year over year. Around 475,000 units remained under construction at quarter-end, equal to just 3.5% of existing inventory.
Improving demand and slowing supply pushed the national vacancy rate down 35 basis points quarter over quarter to 8.9%, its first move below 9% since 2024. On a trailing four-quarter basis, absorption of approximately 362,000 units exceeded deliveries of about 358,000 units for the first time since early 2022, indicating vacancy is likely to have passed its cyclical peak. The recovery was particularly pronounced in previously overbuilt markets: Austin, Charleston, Savannah, Huntsville, Salt Lake City and Colorado Springs recorded some of the largest quarterly vacancy declines.
Rent growth remains modest but is beginning to improve. National asking rents reached approximately $1,945 per month, up 1.5% year over year, compared with 1.1% growth in the first quarter. The Bay Area led the recovery, with San Francisco rents rising 13%, San Jose 7% and the East Bay 4.8%. Norfolk, Toledo, Reno and Boise also posted strong gains.
High-supply markets remained softer, with rents still declining in Austin and Sarasota, although the pace of those declines moderated as excess supply was absorbed. Overall, the market appears to be shifting from stabilization into an occupancy-led recovery, with broader rent growth likely as the construction pipeline continues to shrink.
Factors to Consider Ahead of AVB's Q2 ResultsAgainst this improving industry backdrop, AvalonBay is expected to benefit from healthy occupancy, resilient demand and stronger pricing power in its predominantly coastal markets.
The company reported same-store residential occupancy of 96.1% in the first quarter, and occupancy remained above 96% entering the peak leasing season. Asking rents have increased in the high-4% range since the beginning of the year, supported by low resident turnover and a limited number of available units. Leasing trends also strengthened through the quarter, with April blended rent growth approaching 2% and renewal offers during May and June ranging between 5% and 5.5%.
A favorable supply environment should remain a key tailwind. New apartment deliveries across AvalonBay's core markets are projected to have remained near historically low levels, while elevated homeownership costs continue to keep many households in the rental market, limiting move-outs and supporting occupancy. In addition, recently completed development communities are expected to have contributed meaningfully to property-level earnings as leasing activity accelerates.
However, elevated borrowing costs remain a headwind. Higher interest expenses are likely to have partially offset operating gains, with our estimate calling for an 8.9% year-over-year increase in interest expense during the second quarter of 2026.
Projections for AVBWe expect second-quarter same-store revenues to increase 1.7% year over year, while same-store net operating income is estimated to have grown marginally. Physical occupancy is expected at 96.2%.
The Zacks Consensus Estimate of $778.72 million for second-quarter revenues indicates a 2.44% year-over-year increase. For the second quarter of 2026, the company projected core FFO per share in the range of $2.72-$2.82.
Before the second-quarter earnings release, the company’s activities were inadequate to gain analysts’ confidence. The Zacks Consensus Estimate for the quarterly core FFO per share has remained unchanged at $2.80 over the past two months. It implies a year-over-year marginal decline.
Here Is What Our Quantitative Model Predicts for AVB:Our proven model does not conclusively predict a beat in terms of FFO per share for AvalonBay this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an FFO beat, which is not the case here.
AvalonBay currently carries a Zacks Rank of 4 (Sell) and has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks That Warrant a Look
Here are two stocks from the broader REIT sector — SL Green Realty (SLG - Free Report) and Cousins Properties (CUZ - Free Report) — you may want to consider, as our model shows that these have the right combination of elements to report an FFO beat this quarter.
SL Green is slated to report quarterly numbers on July 22. SLG has an Earnings ESP of +7.20% and a Zacks Rank of 3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cousins is slated to report quarterly numbers on July 30. CUZ has an Earnings ESP of +0.45% and a Zacks Rank of 3 at present.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
State Street Corporation (STT - Free Report) came out with quarterly earnings of $3.65 per share, beating the Zacks Consensus Estimate of $3.3 per share. This compares to earnings of $2.53 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +10.61%. A quarter ago, it was expected that this company would post earnings of $2.6 per share when it actually produced earnings of $2.84, delivering a surprise of +9.23%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
State Street, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $4.05 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.95%. This compares to year-ago revenues of $3.45 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
State Street shares have added about 44.6% since the beginning of the year versus the S&P 500's gain of 10.6%.
What's Next for State Street?While State Street 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 State Street 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 $3.41 on $3.91 billion in revenues for the coming quarter and $12.75 on $15.45 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Major Regional is currently in the top 11% 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.
One other stock from the same industry, Northern Trust Corporation (NTRS - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 22.
This company is expected to post quarterly earnings of $2.68 per share in its upcoming report, which represents a year-over-year change of +25.8%. The consensus EPS estimate for the quarter has been revised 3.5% higher over the last 30 days to the current level.
Northern Trust Corporation's revenues are expected to be $2.2 billion, up 10.1% from the year-ago quarter.
Ondo Finance a SBI Group oznámily strategické partnerství pro uvedení japonských akcií on-chain. SBI zároveň začne distribuovat tokenizované produkty Ondo v rámci svého ekosystému a použije stablecoin JPYSC pro vypořádání a kolaterál.
Ondo Finance, the largest tokenizer of stocks globally, and SBI Group, one of Japan's largest financial conglomerates, today announced a strategic partnership. Under the partnership, the companies will bring Japanese equities onchain, distribute Ondo tokenized products across the SBI Group ecosystem, and adopt SBI's JPYSC stablecoin for onchain settlement and collateral.
The partnership connects one of the world's most sophisticated capital markets with the global tokenized economy, expanding access to Japanese assets and bringing Ondo tokenized products to millions of investors across Japan.
Under the strategic partnership, the two companies will work towards:
Tokenization and distribution of Japanese assets onchain, with tokenized instruments to be issued by Ondo Global Markets (BVI) Limited Use of SBI’s JPYSC stablecoin for settlement and collateral on Ondo tokenized assets Distribution of Ondo tokenized assets through the SBI Group ecosystem Cross-promotion of each party's products and services through their respective customers, channels, and strategic partners “Japan is one of the most sophisticated capital markets in the world, and SBI sits at the center of it. This collaboration creates a path to bring Japanese assets onchain and to connect Japan with the global tokenized economy,” said Ian De Bode, CEO, Ondo Finance.
“Ondo Finance has established itself as a global leader in the tokenization of real-world assets and is at the forefront of the tokenized equities market. We believe Ondo will be a key strategic partner as SBI Group forms a global corridor for digital assets, and we look forward to rapidly advancing a wide range of initiatives together,” said Yoshitaka Kitao, Representative Director, Chairman, President & CEO, SBI Holdings
Ondo Finance has established itself as a global leader in the tokenization of real-world assets and is at the forefront of the tokenized equities market. We believe Ondo will be a key strategic partner as SBI Group expands its global digital asset ecosystem, and we look forward to rapidly advancing a wide range of initiatives together.
Together, SBI and Ondo aim to build a bridge between Japan's capital markets and the global tokenized economy, expanding access to Japanese assets for investors worldwide and laying the groundwork for yen-denominated settlement onchain.
Freeport-McMoRan (FCX - Free Report) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis mining company is expected to post quarterly earnings of $0.60 per share in its upcoming report, which represents a year-over-year change of +11.1%.
Revenues are expected to be $6.47 billion, down 14.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 6.52% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Freeport-McMoRan?For Freeport-McMoRan, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +6.93%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Freeport-McMoRan will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Freeport-McMoRan would post earnings of $0.47 per share when it actually produced earnings of $0.57, delivering a surprise of +21.28%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Freeport-McMoRan appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAmong the stocks in the Zacks Mining - Non Ferrous industry, First Quantum Minerals (FQVLF - Free Report) , is soon expected to post loss of $0 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -100%. This quarter's revenue is expected to be $1.42 billion, up 15.4% from the year-ago quarter.
The consensus EPS estimate for First Quantum Minerals has been revised 11.3% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -424.99%.
When combined with a Zacks Rank of #4 (Sell), this Earnings ESP makes it difficult to conclusively predict that First Quantum Minerals will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Plug Power v první polovině roku 2026 posílil o 37,6 % díky zlepšení marže na 2,4 % ve 4Q 2025 a menší ztrátě na EPS ve výši -0,63 USD ve 4Q 2025. Firma také překonala odhady tržeb za 1Q 2026, když vykázala 163,5 milionu USD.
It was a wild ride for Plug Power (PLUG 2.49%) investors in 2025. Through the first nine months of the year, the fuel cell stock had logged 37.6% gain. The stock's rise, however, couldn't be sustained, and shares tumbled in the closing months of the year, leaving the stock 7.5% lower at the end of 2025 than at the start of the year.
But hope springs eternal for the hydrogen stock, and it has maintained a much different trajectory through the first half of the year. According to data provided by S&P Global Market Intelligence, Plug stock rocketed 37.6% in the first half of 2026.
Image source: Getty Images.
Investors celebrated Plug's progress with Project Quantum Leap While Plug stock saw some upward momentum early in 2026, the company's fourth-quarter 2025 financial results reported in March served as a major catalyst for the stock's rise. With the company's cost-savings initiative, Project Quantum Leap, seeming to bear fruit, Plug reported a 2.4% gross margin in Q4 2025 -- a sharp improvement from the negative 123% it reported in Q4 2024.
At the bottom of the income statement, investors found more to cheer. For the last quarter of 2025, Plug posted earnings per share (EPS) of negative $0.63 compared to negative $1.48 in Q4 2024.
Today's Change
(
-2.49
%) $
-0.06
Current Price
$
2.16
Following Plug's March Q4 2025 results report, several firms raised their price targets, further fueling the stock's rise. Wells Fargo boosted its price target to $2 from $1.50 shortly after the report, and in April, Susquehanna raised its target to $2.75 from $2.50, while Clear Street raised it to $3.50 from $3.
Investors continued driving the stock higher in May, when Plug reported Q1 2026 financial results. Beating analysts' expectations that it would post revenue of $141.2 million, Plug reported $163.5 million on the top line -- 22% higher on a year-over-year basis. But it was likely management's year-end commentary that provided the most fodder for the bulls. Speaking to the company's continuing improvements, Jose Luis Crespo, Plug's CEO, reaffirmed the belief that the company would achieve positive earnings before interest, taxes, depreciation, amortization, and share-based expense (EBITDAS) in the fourth quarter of 2026.
The second half of the year isn't off to a great start While Plug stock moved decisively higher in the first half of the year, it has moved in the opposite direction so far in July. As of this writing, shares of Plug are down 19% since June 30. It's worth noting, though, that the company hasn't reported any negative news that would explain the stock's decline.
While profitability has consistently eluded Plug, the company seems to be making progress toward proving that its fuel cell and hydrogen business can be lucrative. Should the company report further success in reducing expenses when it reports second-quarter 2026 financial results later this summer, it may suggest that a new day for Plug is dawning.
For the quarter ended June 2026, ABB (ABBNY - Free Report) reported revenue of $9.48 billion, up 6.5% over the same period last year. EPS came in at $0.66, compared to $0.63 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $9.34 billion, representing a surprise of +1.46%. The company delivered an EPS surprise of -16.46%, with the consensus EPS estimate being $0.79.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ABB performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Orders received: $12.04 billion compared to the $10.64 billion average estimate based on two analysts.Orders received - Electrification Products: $7.23 billion compared to the $6.13 billion average estimate based on two analysts.Orders received - Industrial / Process Automation: $2.45 billion versus the two-analyst average estimate of $2.49 billion.Orders received - Corporate and Other: $-235 million versus the two-analyst average estimate of $-348.15 million.Book-to-bill -Total: 1.3% versus the two-analyst average estimate of 1.1%.Book-to-bill - Electrification: 1.4% compared to the 1.2% average estimate based on two analysts.Book-to-bill - Industrial Automation: 1.1% compared to the 1.2% average estimate based on two analysts.Book-to-bill - Motion: 1.2% versus 1% estimated by two analysts on average.Revenues- Electrification Products: $5.2 billion versus the two-analyst average estimate of $5.14 billion.Revenues- Motion: $2.22 billion compared to the $2.28 billion average estimate based on two analysts.Revenues- Corporate: $-135 million versus the two-analyst average estimate of $-204.6 million.Revenues- Industrial / Process Automation: $2.19 billion compared to the $2.16 billion average estimate based on two analysts.View all Key Company Metrics for ABB here>>>
Shares of ABB have returned -2.1% over the past month versus the Zacks S&P 500 composite's +0.5% 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.
Cintas vykázala ve 4. fiskálním čtvrtletí 2026 lepší výsledky, než se čekalo, a pro fiskální rok 2027 odhaduje tržby na 12,10 až 12,25 miliardy USD. Akcie v premarketu vzrostly o 2,9 % na 197,89 USD.
For fiscal 2027, Cintas forecast revenue of $12.10 billion to $12.25 billion, above the analyst consensus estimate of $12.08 billion. The outlook implies annual growth of 7.4% to 8.7%.
The company expects adjusted diluted EPS of $5.36 to $5.50, compared with analysts’ estimate of $5.43. That represents projected growth of 8.5% to 11.3%.
Cintas shares rose 2.9% to $197.89 in pre-market trading.
These analysts made changes to their price targets on Cintas following earnings announcement.
B of A Securities analyst Curtis Nagle upgraded the stock from Neutral to Buy and raised the price target from $200 to $230. Baird analyst Andrew Wittmann maintained the stock with an Outperform rating and boosted the price target from $200 to $214. Considering buying CTAS stock? Here’s what analysts think:
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
Synchrony Financial čeká ve 2. čtvrtletí růst tržeb o 3,4 % na 4,67 miliardy USD, ale zisk na akcii má meziročně klesnout o 19,2 % na 2,02 USD. Firma má přesto pozitivní Earnings ESP +2,07 %.
Key Takeaways SYF is expected to report Q2 revenue growth, despite a projected year-over-year EPS decline.Synchrony may benefit from higher purchase volumes, net interest margin and growth in key lending segments.SYF has a positive Earnings ESP, while higher operating costs may partially offset business gains. Consumer financial services company, Synchrony Financial (SYF - Free Report) , is set to report second-quarter 2026 results on July 21, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $2.02 per shareon revenues of $4.67 billion.
The second-quarter earnings estimate has witnessed no upward revision and three downward movements over the past 30 days. The bottom-line projection indicates a year-over-year decrease of 19.2%. The Zacks Consensus Estimate for quarterly revenues implies year-over-year growth of 3.4%.
Image Source: Zacks Investment Research
For full-year 2026, the Zacks Consensus Estimate for Synchrony’s revenues is pegged at $19.12 billion, implying an increase of 3.6% year over year. However, the consensus mark for the current year EPS is pegged at $9.34, signaling a decline of around 0.9% on a year-over-year basis.
SYF’s earnings beat the consensus estimate in three of the last four quarters and met once, with the average surprise being 20.7%.
Q2 Earnings Whispers for SYFOur proven model predicts a likely earnings beat for the company this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is precisely the case here.
Synchronyhas an Earnings ESP of +2.07% and carries a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
What’s Shaping SYF’s Q2 Results?Synchrony is expected to have seen advantages in the second quarter from increased net interest margin and higher purchase volumes. Our model predicts interest and fees on loans of $5.47 billion for the quarter, up 2.6% from a year ago. Higher figures from Health & Wellness and Digital are likely to have anchored the results.
The Zacks Consensus Estimate for net interest margin is pegged at 15.31%, up from 14.78% achieved a year ago, increasing its profitability. The consensus mark for total purchase volumes indicates 5.1% year-over-year growth. The Zacks Consensus Estimate indicates that the total average active accounts are likely to increase 1.2% in the second quarter.
The consensus mark for the net charge-offs ratio is pegged at 5.61, down from 5.70 a year ago. The above-mentioned factors are likely to have benefited the company in the second quarter, positioning it for an earnings beat.
However, Synchrony is expected to have incurred increased information processing and employee costs in the second quarter, partially offsetting the positives. Also, RSA is expected to have increased nearly 10% year over year in the second quarter. SYF is expected to have witnessed a 0.2% decrease in average interest-earning assets.
Other Stocks That Warrant a LookHere are some other companies worth considering from the broader Finance space, as our model shows that these, too, have the right combination of elements to beat on earnings this time around:
Brookfield Asset Management Ltd. (BAM - Free Report) has an Earnings ESP of +4.55% and a Zacks Rank of 3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Brookfield Asset Management’s bottom line for the to-be-reported quarter is pegged at 44 cents per share, which indicates 15.8% year-over-year growth. The consensus estimate for BAM’s revenues is pegged at $1.49 billion, a 15.6% increase from a year ago.
American Express Company (AXP - Free Report) has an Earnings ESP of +0.73% and a Zacks Rank #3 at present.
The Zacks Consensus Estimate for AmEx’s bottom line for the to-be-reported quarter is pegged at $4.41 per share, which increased by 2 cents over the past week and indicates 8.1% year-over-year growth. The consensus estimate for AmEx’s revenues is pegged at $19.62 billion, a 9.9% increase from a year ago.
Virtu Financial, Inc. (VIRT - Free Report) has an Earnings ESP of +14.23% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for Virtu Financial’s bottom line for the to-be-reported quarter is pegged at $1.59 per share, a growth of 3.9% from a year ago. The consensus estimate for VIRT’s revenues is pegged at $602.74 million, a 6.2% year-over-year jump.
Soud v Kalifornii má v pátek projednat žádost států o dočasný zákaz fúze společností Paramount a Warner Bros. Discovery za 110 miliard USD kvůli obavám z narušení hospodářské soutěže.
Executives at Paramount and Warner Bros. Discovery reportedly fear a judge will hit pause on their massive $110 billion merger in the coming days – putting the deal on hold for weeks as it nears a crucial deadline.
The Hollywood behemoths had been hoping to finalize the deal next week, according to CNN, but a coalition of 12 Democratic state attorneys general on Monday requested a temporary restraining order blocking the acquisition due to antitrust concerns.
People close to the matter told CNN they anticipate the TRO will be granted, putting the deal on hold for at least two to three weeks – and pushing Paramount and Warner Bros. dangerously closer to a September deadline.
Paramount Skydance CEO David Ellison is facing several legal challenges to his proposed acquisition of Warner Bros. AFP via Getty Images Executives remain confident the deal will still eventually go through, especially as it has already received the greenlight from the Trump administration.
“The deal will get done one way or another,” one suit told CNN.
But a restraining order would push executives closer to an Oct. 1 deadline, when — if the deal is not yet completed — a costly “ticking fee” kicks in. That adds 25 cents per share to the cost of the merger for each quarter it is not completed.
A pause would also keep the future ownership of CNN in limbo for weeks longer, as star anchors and staffers have reportedly grown panicked over the network’s editorial independence – after Paramount boss David Ellison installed Bari Weiss to run CBS News.
Warner Bros. declined to comment. Paramount Skydance did not immediately respond to The Post’s request for comment.
In the lawsuit filed Monday, led by California Attorney General Rob Bonta, the blue state prosecutors argued the tie-up would violate antitrust laws, raising prices for consumers and harming the already-struggling movie theater industry.
The proposed merger would combine HBO Max, Paramount+, HBO, CBS, CNN and thousands of movie titles under one company, as well as TV hits like “Heated Rivalry,” “1923” and “Landman.”
According to the complaint, the combined company would control nearly one-third of the US theatrical film distribution market and almost one-third of the nation’s basic cable programming.
Twelve Democratic state attorneys general sued to block the Paramount-Warner Bros. Discovery tie-up this week. Getty Images It was filed days after reports that advisers close to Ellison had encouraged him to consider moving Paramount’s Los Angeles headquarters and shifting as much as $30 billion in planned spending outside California if Bonta sued to stop the merger.
Federal Communications Commission Chair Brendan Carr said Wednesday he doubts the lawsuit will succeed, adding that it “really isn’t a legitimate antitrust case.”
Paramount has repeatedly defended the merger against antitrust accusations, recently noting that it has already been rubber-stamped by several global regulators – including the US Department of Justice – and sticking to its aim to close the deal by the end of September.
Behind closed doors, Paramount was reportedly hoping to finalize the mega-merger this month, believing it would secure all the necessary approvals in time.
Opponents have questioned whether the DOJ’s approval of the Paramount-WBD deal last month was a result of close ties to the White House, as David Ellison and his billionaire father, Oracle founder Larry Ellison, have repeatedly received praise from President Trump.
FCC Chair Brendan Carr said he doubts the antitrust challenge against the mega media merger will succeed. Getty Images The deal has also faced challenges abroad — UK officials have hinted at potential intervention in the deal, while the European Union forced Paramount to offer concessions to secure approval.
In the meantime, a federal judge in California has scheduled a Friday hearing to consider the US states’ request for a temporary restraining order.
If the restraining order is granted, then the AGs and media execs will battle over a preliminary injunction, which would keep the deal on hold for months longer.
The deal is also facing an April lawsuit filed on behalf of Paramount+ subscribers that alleges the deal would hike subscription prices and reduce choices for consumers.
On Tuesday, the Writers Guild of America filed its own lawsuit to challenge the acquisition, alleging it would cause “specific harm” to American movie and TV writers by reducing the number of Hollywood buyers.
A fourth lawsuit was filed Tuesday by Paramount investors accusing David and Larry Ellison of striking an illegal deal with Trump for approval of the deal, including promised changes to CNN and a $16 million settlement with CBS, which David Ellison also owns.
Despite the mounting legal challenges, Paramount has said it still expects to close the deal by September.
“The company believes strongly in this, and they would take this up to the Supreme Court if they had to,” Jeffrey Kessler, Paramount’s lead counsel, told CNBC Tuesday, saying the company would “absolutely” appeal if a judge approves the TRO.
Ovintiv čeká za čtvrtletí zisk 2,00 USD na akcii, meziročně +96,1 %, při tržbách 2,39 miliardy USD, +3 %. Odhady EPS byly za posledních 30 dní sníženy o 11,73 %.
The market expects Ovintiv (OVV - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 23, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis energy company is expected to post quarterly earnings of $2.00 per share in its upcoming report, which represents a year-over-year change of +96.1%.
Revenues are expected to be $2.39 billion, up 3% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 11.73% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Ovintiv?For Ovintiv, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Ovintiv will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Ovintiv would post earnings of $1.85 per share when it actually produced earnings of $2.00, delivering a surprise of +8.11%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Ovintiv doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Blackstone Inc. (BX - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis investment manager is expected to post quarterly earnings of $1.32 per share in its upcoming report, which represents a year-over-year change of +9.1%.
Revenues are expected to be $3.36 billion, up 9.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.02% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Blackstone Inc.?For Blackstone Inc., the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.11%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Blackstone Inc. will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Blackstone Inc. would post earnings of $1.35 per share when it actually produced earnings of $1.36, delivering a surprise of +0.74%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Blackstone Inc. appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAmong the stocks in the Zacks Financial - Miscellaneous Services industry, Blackstone Inc. (BX - Free Report) , is soon expected to post earnings of $1.32 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +9.1%. This quarter's revenue is expected to be $3.36 billion, up 9.4% from the year-ago quarter.
The consensus EPS estimate for Blackstone Inc. has remained unchanged over the last 30 days. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.11%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Blackstone Inc. will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Wall Street analysts forecast that Northrop Grumman (NOC - Free Report) will report quarterly earnings of $6.84 per share in its upcoming release, pointing to a year-over-year decline of 3.8%. It is anticipated that revenues will amount to $10.78 billion, exhibiting an increase of 4.1% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Northrop Grumman metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Sales- Mission Systems' will reach $3.21 billion. The estimate indicates a year-over-year change of +1.5%.
Analysts forecast 'Sales- Aeronautics Systems' to reach $3.27 billion. The estimate suggests a change of +4.9% year over year.
Analysts' assessment points toward 'Sales- Space Systems' reaching $2.73 billion. The estimate indicates a change of +3.2% from the prior-year quarter.
The average prediction of analysts places 'Sales- Defense Systems' at $2.14 billion. The estimate indicates a year-over-year change of +7.3%.
According to the collective judgment of analysts, 'Operating income (loss)- Mission Systems' should come in at $468.64 million. The estimate is in contrast to the year-ago figure of $441.00 million.
It is projected by analysts that the 'Operating income (loss)- Space Systems' will reach $299.67 million. Compared to the current estimate, the company reported $280.00 million in the same quarter of the previous year.
The consensus among analysts is that 'Operating income (loss)- Aeronautics Systems' will reach $307.92 million. Compared to the present estimate, the company reported $321.00 million in the same quarter last year.
Analysts expect 'Operating income (loss)- Defense Systems' to come in at $214.78 million. The estimate is in contrast to the year-ago figure of $253.00 million.
The consensus estimate for 'Segment operating income adjustment- Unallocated corporate expenses' stands at -$55.00 million. The estimate is in contrast to the year-ago figure of $143.00 million.
View all Key Company Metrics for Northrop Grumman here>>>
Over the past month, shares of Northrop Grumman have returned -4.5% versus the Zacks S&P 500 composite's +0.5% change. Currently, NOC carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
BlackRockův iShares Bitcoin Trust (IBIT) drží 734 762 BTC v hodnotě asi 47,1 miliardy USD. Fond od spuštění v lednu 2024 získal zhruba 62 miliard USD čistých přílivů.
@BlackRock's iShares Bitcoin Trust (IBIT) has accumulated 734,762 $BTC valued at approximately $47.1 billion, as institutional appetite for regulated Bitcoin exposure continues to drive inflows into the fund.
A Dominant Force in Spot Bitcoin ETFs IBIT has established a commanding lead over rival spot Bitcoin ETF products since launching in January 2024. BlackRock's fund commands roughly 49% of total US spot Bitcoin ETF assets, placing it well ahead of competitors including Fidelity's FBTC and Grayscale's GBTC. IBIT's cumulative inflows since its January 2024 launch stand at approximately $62 billion, underscoring the scale of institutional commitment to the product over its relatively short life.
BlackRock's Bitcoin position, held primarily through IBIT, represents one of the largest institutional Bitcoin treasuries globally. The ETF structure means BlackRock does not technically own these bitcoins outright. They are held in custody for IBIT shareholders. The shares of the iShares Bitcoin Trust ETF trade on the Nasdaq Stock Market under the ticker symbol IBIT, with Coinbase Custody Trust Company serving as custodian for the fund's Bitcoin holdings.
Institutional Demand and a Volatile 2026 The road to $47 billion has not been without turbulence. US spot Bitcoin ETFs drew $1.97 billion in April 2026, the best month of the year, with BlackRock's IBIT leading institutional demand. BlackRock's iShares Bitcoin Trust accounted for the bulk of April flows, attracting roughly $2 billion in net subscriptions. However, sentiment shifted sharply in the weeks that followed. US spot Bitcoin ETFs recorded $4.06 billion in net outflows during June 2026, the largest monthly redemption since the products launched in January 2024, with BlackRock's IBIT accounting for roughly $3.3 billion, or approximately 75% of the monthly total.
Despite those outflows, the fund's total Bitcoin treasury has held at a historically significant level, reflecting the ongoing structural demand from institutional allocators seeking regulated exposure to $BTC. Spot Bitcoin ETF inflows have become one of the most important signals for institutional Bitcoin demand in 2026, making IBIT's accumulation figures a closely watched metric across traditional finance and crypto markets alike.
Sources:
BlackRock Bitcoin ETF Holdings Hit Record 806,700 BTC Worth $63.7 Billion, Yahoo Finance
Spot Bitcoin ETFs Pull $1.97 Billion in Biggest Monthly Surge Since November, Yahoo Finance
BlackRock's IBIT Led $4.06B June Exodus After BTC ETF News, ICObench
Bitcoinová peněženka nečinná od prosince 2017 převedla 5 908 BTC v hodnotě zhruba 383 milionů USD na novou adresu. Na burzu zatím prostředky neodešly, takže nejde o jasný signál k prodeji.
English日本語한국어繁體中文ไทยPortuguêsItalianoDeutschFrançaisEspañol A Bitcoin wallet dormant since December 2017 transferred 5,908 BTC worth roughly $383 million to a fresh address at 7:15 p.m. ET on July 15, according to blockchain intelligence platform Lookonchain. The coins moved from legacy address “138EM…ReyiT” to a newer SegWit wallet, extending a run of long-idle holdings coming back to life this week.
The 2017-Era Wallet Holds a 284% Paper Gain Arkham data showed the wallet acquired the coins when Bitcoin traded near $16,800, giving the stack a cost basis close to $99.6 million. At current prices, the balance is worth about $383 million, a $283 million paper gain over roughly eight years. 7=
The stash peaked near $726 million during Bitcoin’s October 2025 record above $122,000, according to crypto.news reporting on cycle price data. The holder rode through the 2018 drawdown of nearly 80%, the 2021 rally to $69,000, and the late-2022 slump to about $15,500.
The recipient wallet has not sent funds onward, and no known exchange deposit address received the transfer, on-chain records confirmed.
Analysts Flag Whale Ratio Near Historic Highs Lookonchain wrote in the July 16 post that “the OG received 5,908 $BTC 8 years ago when $BTC was trading at $16,865 and had held it ever since,” noting the position was up 284%. CryptoQuant separately reported that its exchange whale ratio recently stood at 0.99, meaning the ten largest transfers made up nearly all Bitcoin deposited to exchanges.
The firm said elevated readings have historically preceded stronger selling pressure because sizeable deposits are more likely to precede sizeable disposals. Neither the July 15 move nor the earlier 2,931 BTC transfer flagged by Arkham has surfaced on-chain evidence of sales, blockchain researchers told crypto.news.
Why the Wallet Rotation Matters The transfer does not read as a straight exit, and CoinDesk noted that large holders often reshuffle assets to upgrade wallet formats, rotate private keys, prepare estate transfers, or arrange over-the-counter deals that never touch public exchanges.
The switch from a legacy “1” address to a newer “bc1q” SegWit format matches that pattern closely. That distinction matters for market impact, because OTC settlement absorbs supply privately while exchange deposits telegraph potential sell pressure.
Traders watching the whale ratio at 0.99 have a cleaner tape when dormant coins move sideways rather than into centralised order books.
Related Dormant Whale Activity Keeps Stacking This is the second seven-figure dormant transfer flagged this week. A separate wallet moved 2,931 BTC worth about $188 million after seven years of silence, when Bitcoin traded near $6,500. Arkham confirmed that the transfer went to a fresh, unlabelled address, matching the pattern seen this week.
Neither cohort has surfaced through known exchange deposit clusters, keeping selling assumptions inconclusive for now. The recipient address remains passive as of July 16, and the funds have not touched a labelled venue.
Bitcoin traded near $64,000 at publication time, down about 47% from October 2025 highs. Traders will watch whether the whale ratio holds above 0.9 and whether the recipient wallet shifts coins toward centralized exchanges in the coming sessions.
Breez a Turnkey spojily síly, aby vývojáři mohli do backendově řízených aplikací přidat neúschovné bitcoinové peněženky bez držení klíčů na serverech. Uživatel přitom schvaluje transakce přes passkey a server bez jeho souhlasu peníze nepošle.
Breez has partnered with Turnkey to let developers add non-custodial bitcoin to applications that run wallets from their own servers, the companies announced.
The partnership addresses a structural problem. Many mainstream apps operate from the backend, with a single service handling millions of users. Adding bitcoin under that design has meant holding user keys on company servers.
Holding keys makes a company a custodian, a status that carries licensing requirements, legal liability, and the security burden of a large store of user funds. The alternative has been to build a separate device-based wallet, a change that breaks the architecture these apps use to reach scale.
Under the new model, each user receives a wallet whose keys are created and stored inside Turnkey’s secure enclaves. According to the companies, those keys stay out of reach of the app’s servers, Breez, and Turnkey. The company’s backend holds a credential that defines what actions it can take, while authority to move funds rests with the user.
In other words, this partnership positions some of the world’s largest consumer apps to add non-custodial bitcoin without rebuilding their backend architecture or taking custody of user funds.
Turnkey supports Spark, the network the Breez SDK is built on. Paired with Breez’s server mode, a single backend can manage wallets for millions of users without storing keys.
Registered passkeys enable bitcoin self-custody apps The approval flow works as follows. The user holds a credential, such as a passkey registered with Turnkey at signup. The server prepares a transaction and displays the amount, the fee, and the destination.
The user approves the transaction, and it completes. The server cannot spend funds without that approval. For the user, the app’s existing flow does not change, and there is no seed phrase to record.
Turnkey provides embedded wallet infrastructure used by a range of consumer apps and holds a SOC 2 audit. In a note to Bitcoin Magazine, Breez positioned the release as a way for exchanges, fintechs, and neobanks to offer bitcoin and stablecoin services to large user bases without taking custody of funds.
Exchanges can automate payouts under rules their security teams define, and fintechs can add a non-custodial bitcoin service inside their existing interface.
The partnership extends a series of Breez SDK features aimed at lowering barriers to bitcoin integration. Passkey Login replaced the seed phrase, Stable Balance addressed price volatility, and a separate feature added support for sending the stablecoins USDT and USDC. The companies say the combined tools let backend-run products offer bitcoin and stablecoins to users while custody of the assets stays with those users.
Micah Zimmerman
Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.
Na XRP Ledger má brzy dorazit Permission Delegation, nová funkce pro compliance, která umožní delegovat konkrétní úkoly on-chain při uložení klíčů v cold storage. Podle Vet by mohla zjednodušit správu treasury.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Vet, an XRPL validator and director of community at the XRP Ledger Foundation, shared about an XRP Ledger feature that could change how treasury management works.
According to Vet, Permission Delegation is a new functionality for compliance coming to the XRP Ledger soon. The feature will allow users to delegate specific tasks onchain while keeping account keys in cold storage, with Vet adding that "It was born out of the need to manage a treasury."
Permission Delegation is a new functionality for compliance coming to the XRP Ledger soon.
Allowing to delegate specific tasks on chain while keeping account keys in cold storage.
"It was born out of the need to manage a treasury" pic.twitter.com/eSsz2fZu6w
— Vet (@Vet_X0) July 15, 2026 Permission Delegation is the function of granting various permissions to another account to send permissions on behalf of the user's account. Permission Delegation can be used to enable flexible security paradigms such as role-based access control, instead of or alongside techniques such as multi-signing.
You Might Also Like
HOT Stories
Discussions about Permission Delegation date back to 2024. The amendment XLS-75d "Permission Delegation" was introduced in XRPL v2.6.1 but was later disabled in September 2025 due to a bug that allowed an account to charge transaction fees to any other account and could have been maliciously used to drain an account's XRP balance; hence, the feature was not enabled on mainnet.
Vet's recent comments suggest that Permission Delegation might soon be coming to the XRP Ledger, which will unlock fresh potential on the XRPL.
XRP milestonesIn a recent milestone, the fixCleanup3_2_0 amendment — a collection of fixes for Single Asset Vaults, the Lending Protocol, the permissioned DEX, Multi-Purpose Tokens, and permissioned domains — has achieved a majority, entering a two-week activation period on the XRP Ledger with 30 yes votes.
You Might Also Like
The XRP Ledger has surpassed 8 million accounts, thanks to continuous growth. According to XRP Ledger Services, an XRP explorer, the total currently stands at 8,001,658.
CryptoQuant reports that Binance's XRP reserves have hit their lowest level since February this month, falling to 2.61 billion XRP. This suggests a reduced supply of XRP on the world's largest cryptocurrency exchange.
TLDR XRP Ledger surpassed 8 million activated accounts, marking a new milestone in network adoption. Whale wallets accumulated 70 million XRP over the past week, according to on-chain analyst Ali Martinez. Activated accounts represent funded wallets capable of sending, receiving, and interacting with blockchain assets. Tokenization activity continues to expand, supporting digital bonds, private credit, real estate, and treasury products. RLUSD adoption and Ripple’s enterprise payment solutions continue to strengthen the network’s payment ecosystem. The XRP Ledger has surpassed eight million activated accounts, marking another measurable expansion of its global user base. The milestone coincides with fresh whale accumulation totaling 70 million XRP during the past week. Together, these developments highlight rising network activity and renewed demand during a period of market consolidation.
Activated Accounts Signal Broader Network Participation The XRP Ledger Foundation confirmed that more than eight million accounts now hold the minimum required reserve. Activated accounts differ from unused addresses because they can send, receive, and manage assets. Therefore, the total provides a clearer measure of funded participation across the network.
The $XRP Ledger crossed 8,000,000 activated accounts.
The settlement layer powering the continuous growth of tokenization, payments, and AI agents across XRP DeFi. pic.twitter.com/nHq073lAXQ
— XRP Ledger Foundation (@XRPLF) July 16, 2026
The XRP Ledger began as infrastructure for rapid and inexpensive cross-border payments. However, developers now use the network for tokenization, decentralized finance, stablecoins, and automated financial services. Its short settlement times and low transaction costs support these expanding applications.
Enterprises and financial institutions also use the XRP Ledger to build payment and settlement products. These organizations seek faster transfers, lower operational costs, and reliable access to XRP Ledger infrastructure. Consequently, the account milestone reflects growth across both retail and institutional activity.
Tokenization and Payment Services Expand Tokenization has emerged as a growing use case across the XRP Ledger ecosystem. Institutions can issue digital representations of bonds, private credit, property, and treasury products. These assets can move continuously while reducing settlement delays and administrative costs.
Ripple’s enterprise payment services also support transfers involving businesses and financial institutions. Meanwhile, RLUSD adoption adds another dollar-based settlement option for users and companies. The stablecoin supports payments and liquidity without changing the XRP Ledger’s core settlement model.
The XRP Ledger recently added an integrated hub linking artificial intelligence agents, developer tools, and payment systems. Autonomous agents can purchase services, access APIs, and settle automated tasks with supported assets. This structure connects machine-based transactions with decentralized financial infrastructure and direct blockchain settlement.
Whale Buying Supports XRP Market Structure On-chain analyst Ali Martinez reported that large wallets accumulated 70 million XRP during the past week. The purchases occurred while XRP traded through a period of price consolidation. However, the data confirms continued demand from wallets holding substantial balances.
XRP also remains inside a falling wedge on its technical chart. Traders often associate that structure with a possible reversal after sustained downward pressure. Still, price must break the upper boundary before the pattern confirms stronger momentum.
The XRP Ledger now combines eight million activated accounts with broader tokenization and payment activity. Whale accumulation has added another measurable development alongside the network’s expanding use cases. The latest figures show continued participation across users, institutions, developers, and large XRP holders.
Enso odhalilo „toxické pooly“ na Ethereum a Polygon, které při simulaci ukazují lepší cenu a při provedení obchodů doručí horší kurz. U dvou případů odhadlo zisk útočníka na asi 34 600 USD.
Enso says it found two real pools, on Ethereum and Polygon, engineered to pass a wallet’s pre-trade simulation with an attractive quote and then execute at a worse rate.
Posted July 16, 2026 at 9:00 am EST.
A new piece of research says some DeFi liquidity pools are built to lie to the software that routes a user’s trade.
Enso, an onchain development firm, published research on Thursday describing what it calls “toxic pools,” malicious pools that show an accurate, attractive price when a wallet or trading app simulates a swap, then deliver a materially worse result once the transaction is mined.
How the trick works Most wallets and aggregators decide which route offers the best price by simulating a trade before sending it. A toxic pool is engineered to game that step: it returns a strong quote during the simulation, so routing systems pick it, then behaves differently on-chain. Unlike ordinary slippage or MEV, the deception targets the quote itself, Enso said.
“The industry has spent years optimizing price discovery,” said Milos Costantini, Enso’s co-founder and chief product officer, in a statement accompanying the report he co-authored. “Our findings suggest the next challenge is verifying execution integrity. If transaction simulations can be manipulated while real execution tells a different story, we need better ways to verify what users actually receive.”
What the data shows Enso documented two cases. A manipulated Curve pool on Ethereum processed more than 129,000 swaps at worse-than-quoted rates, which Enso estimated overstated quotes by roughly $225,000 and burned close to $30,000 in gas on failed transactions. A separate Uniswap v4 hook on Polygon failed 99.1% of the time, repeatedly luring routers before reverting. Enso put the attacker’s realized profit across both pools at about $34,600.
Both pools have since gone quiet, with the Polygon one disabled in May and the Curve pool active through late June. But Enso said the same operator deployed other contracts, suggesting the technique can be repeated, and it found the Ethereum pool alternated between honest and manipulated behavior, so a single check would not catch it.
A vendor with a fix The disclosure comes as Enso expands Enso Shield, a product it sells to detect exactly this kind of manipulation. The company, which says it has helped settle more than $15 billion onchain, framed the finding as an industry-wide problem and called for independent validation, noting it worked with contacts at Curve and Oku.
Unchained has previously covered how MEV bots quietly extract value from ordinary DeFi trades.
Related Listen: DEX in the City: Why the Market Structure Bill May Not Be Good for DeFi
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Jesse Pollak předal consumer Base app zpět Coinbase a přiznal, že sázka na onchain social a creator coins byla „definitivně špatná“. Base se teď soustředí na trading, payments a agenty.
The Coinbase executive is refocusing the largest Ethereum Layer 2 on trading, payments and AI agents after conceding its onchain-social push failed
Jesse Pollak, the Coinbase executive who created Base, handed the consumer Base app back to Coinbase and named crypto investor Jordan Fish, known as Cobie, to lead it, while admitting that his two-year bet on onchain social products and creator coins was a mistake.
Pollak said in a post on X on Tuesday that he had made a "two pronged bet" to grow Base: that builders would drive the next wave of crypto adoption, and that the adoption would come from onchain-native social experiences. He said the first bet was right and the second was wrong. "the entire social side of the market that many of us had been building towards - farcaster, zora, miniapps, and yes, creator coins - disintegrated completely," he wrote. "i was definitively wrong."
Base ranks as the fifth-largest blockchain by total value locked, at $4.54 billion, and is the largest Ethereum Layer 2 by that measure, ahead of Arbitrum's $1.23 billion, according to DefiLlama data on Wednesday. Zora's ZORA token, tied to the creator-coin experiment Pollak singled out, trades about 95% below its August 2025 peak, at roughly half a cent, with a market value near $31 million, CoinGecko data show.
A Retreat From Onchain SocialThe handoff marks the clearest reversal yet of a strategy Coinbase spent more than a year promoting. Pollak said the focus on social had left Base trailing scaled competitors in perpetuals and prediction markets, and with ground to make up in tokenization and enterprise payments. "the collateral damage was pretty bad," he wrote. "and this year has been an exercise in eating shit."
Pollak said he had shifted his own attention back to Base's blockchain, away from the app, and questioned his prior assumptions. "I thought for a long time that social was the only thing that could drive the sort of viral growth to get crypto to a billion people," he wrote. "It's clear that better money is more than enough - we are seeing this live with stablecoins, predictions, perpetuals, tokenization."
He set three priorities for Base in 2026: "winning trading, payments, and agents." He said Base would aim to be "the place that the world's money settles over the next century," and named Robinhood and Stripe as competitors he welcomed.
Cobie Takes the Trading SurfacePollak said he had handed the app "back to the coinbase mothership," where Fish would run it and expand it "beyond the base ecosystem in ways that tbh i won't love as the leader of base." Coinbase brought Fish in-house last year when it acquired his fundraising platform Echo for a reported $375 million in cash and stock.
Fish framed his new remit more broadly than the Base app alone. "I am responsible for trading products at Coinbase (CB app / Pro / Baseapp / etc)," he said in a post on X on Wednesday. He described the decision in characteristically self-deprecating terms: "I cant explain why I did this except I like the opportunity to make something actually good more than I like playing Factorio. So ye maybe I'm an idiot, let's find out."
The Broader PivotThe move lands amid an industry-wide shift away from consumer social apps toward trading, payments and tokenization. Coinbase CEO Brian Armstrong said days earlier that the company's content coins "didn't work" and that Coinbase had "pivoted early this year," adding that its priorities had been "trading, payments, and agents (in that order)."
The timing also follows Robinhood's launch of its own Ethereum Layer 2 last week, built around tokenized stocks and meme trading, adding a well-capitalized rival in the same trading-first lane Base now says it will contest.
Top-Five NetworkPollak is reframing the app, not retreating from the chain. Base remains a top-five network by TVL and continues to process meaningful onchain trading, with about $886 million in decentralized exchange volume over the past 24 hours and $25.6 billion over the past 30 days, DefiLlama data show. Pollak said Base has posted quarterly growth in DEX market share and payment volume, though he did not provide supporting figures.
Fish's mandate also consolidates Coinbase's trading surfaces, the main Coinbase app, Coinbase Pro and the Base app, under one leader, suggesting the reshuffle is less a demotion of Base than a bet on unifying how Coinbase sells trading. Armstrong has framed the trading focus as a continuation rather than a reversal, saying most of Base's resources already go toward trading infrastructure.
Whether the reset closes Base's gap in perps and prediction markets will show up in onchain volume and market-share data in the coming quarters.
T. Rowe Price spustila první aktivně spravované krypto ETF TKNZ na NYSE Arca. Fond nabízí expozici vůči Bitcoinu, Ethereu, BNB, XRP, Solaně, Hyperliquidu, Dogecoinu a Shiba Inu.
T. Rowe Price, which manages nearly $2 trillion in assets, has launched the first active crypto ETF, which provides exposure to crypto assets such as Bitcoin, Ethereum, XRP, and Hyperliquid. Bloomberg analyst Eric Balchunas had previously said that this launch was notable because the asset manager was the largest active manager to enter the crypto space.
T. Rowe Price Unveils First Active Crypto ETF In a press release, the asset manager announced the launch of the first active crypto ETF, which began trading on the NYSE Arca today under the ticker TKNZ. “The fund is the first actively managed multi-token spot exchange-traded product* offered in the marketplace,” the firm noted.
The T. Rowe Price Active Crypto ETF notably offers exposure to Bitcoin, Ethereum, BNB, XRP, Solana, and Hyperliquid. The Fund will also hold top meme coins Dogecoin and Shiba Inu, making it the first U.S. Fund to offer spot exposure to SHIB.
The asset manager also noted that the crypto ETF is designed to capitalize on emerging trends, momentum-driven rallies, and market rotations among crypto assets. Meanwhile, the Fund will offer a net fee waiver, which will be effective until May 31, 2027. The management fee during this period will be 0.75%.
The T. Rowe Price Active Crypto ETF joins a host of other crypto ETFs that have launched this year, including the Hyperliquid ETFs. As CoinGape reported, Morgan Stanley’s Ethereum and Solana ETFs are about to launch, with the Wall Street giant filing amendments to its S-1.
‘Smart Timing’ For The ETF Launch Bloomberg analyst Eric Balchunas commended T. Rowe Price for the timing of the launch of its active crypto ETF. “I think they were smart with the timing- waiting till the Oct selloff dust settled a bit,” he said in an X post.
T Rowe Price’s Active Crypto ETF $TKNZ is ready for launch. Any day now, I’d guess Thursday. I think they were smart with the timing- waiting till the Oct selloff dust settled a bit. pic.twitter.com/5LZO5WHrqn
— Eric Balchunas (@EricBalchunas) July 14, 2026
It is worth noting that the SEC had approved the crypto ETF last month but waited until now to launch the Fund. The asset manager had first filed for the month in October last year, around the time of the infamous crypto crash.
Meanwhile, Balchunas had previously said that the T. Rowe Price Active Crypto ETF was notable because the asset manager was “by far the biggest active manager to apply their active prowess to this space.”
Cardano Foundation uvedla, že chytré kontrakty Plutus nyní zvládnou na řetězci nativně a levně ověřit tisíce podpisů díky BLS12-381. CIP-0133 má být součástí Protocol Version 11, plánované na květen 2026.
Verifying a thousand signatures on a blockchain typically sounds like a recipe for a massive gas bill. On Cardano, it is becoming a routine operation.
The Cardano Foundation has highlighted how Plutus smart contracts can now verify thousands of signatures natively using BLS12-381 elliptic curve cryptography, without routing the computation through external services or sacrificing cost predictability.
What BLS12-381 actually does BLS12-381 is a specific elliptic curve used in cryptography, most famously deployed by Ethereum’s beacon chain for validator signatures. The curve has a useful property: signatures created with it can be aggregated.
In English: instead of verifying one thousand individual signatures one by one, you can compress all one thousand into a single proof and verify that instead. The math checks out, and the on-chain cost stays flat regardless of how many signers were involved.
Advertisement
CIP-0133, the Cardano Improvement Proposal driving these changes, proposes extensions for efficient multi-scalar multiplication over BLS12-381. The implementation is tied to Protocol Version 11, which is scheduled for rollout by May 2026 and will introduce five new Plutus built-in functions to support these operations.
Cardano’s deterministically executed eUTXO model does a lot of the heavy lifting on the cost side. Because execution costs are calculated before a transaction is submitted, users know exactly what they will pay. Adding new cryptographic primitives does not break that predictability.
Why this matters beyond the technical specs Cardano added native support for ECDSA and Schnorr signatures in 2023, which opened the door to improved multi-signature functionality and better cross-chain interoperability. The BLS12-381 work builds on that foundation, extending the cryptographic toolkit available to developers building on Plutus.
For developers, the removal of off-chain verification requirements is significant. Off-chain computation introduces trust assumptions: you need to rely on external services to do the work honestly and report results accurately back to the chain. Bringing verification fully on-chain eliminates that dependency and the attack surface that comes with it.
Market reaction and what investors should watch The honest read on the market response so far: muted. No significant price movement in ADA followed the announcement, which fits the pattern of infrastructure upgrades that take time to translate into visible ecosystem activity.
What investors should actually watch is developer uptake after Protocol Version 11 goes live. Multi-signature custody platforms, cross-chain bridge operators, and governance-heavy DeFi protocols are the categories most likely to respond first.
The risk, from an investor standpoint, is timing. May 2026 is still a development milestone on the horizon, and protocol upgrades have historically taken longer than initial projections across the industry. CIP-0133 and Protocol Version 11 are on the roadmap, but the gap between roadmap and mainnet deployment is where uncertainty lives.
Longer term, the accumulation of cryptographic primitives in Plutus, from Schnorr and ECDSA in 2023 to BLS12-381 arriving in 2026, represents a deliberate strategy of building serious infrastructure before optimizing for headline metrics.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Stablecoin giant Tether reportedly invested $20 million in the Argentine neobank Ualá, as part of its broader push in Latin America.
The investment formed part of a $197 million equity funding round announced by Ualá in March and led by Allianz X, according to Bloomberg. Ualá disclosed Tether as a participant in the round at the time but did not reveal the size of its investment.
Cointelegraph contacted Tether for confirmation but had not received a response by publication.
Earlier in July, Tether announced a $20 million investment in Brazilian crypto exchange Mercado Bitcoin to support the expansion of its onchain infrastructure across Latin America.
In April, Tether led a $14 million Series A funding round for the Argentine crypto platform Belo, with participation from Titan Fund, The Venture City, Mindset Ventures, G2 and other existing investors.
Tether issues USDt (USDT), the world’s largest stablecoin, which had a market capitalization of $184.4 billion at the time of writing, according to CoinMarketCap.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Sallie Mae čeká za čtvrtletí EPS 0,47 USD, tedy meziroční růst o 46,9 %, při tržbách 355,22 mil. USD, což je pokles o 5,7 %. Výsledky zveřejní 23. července.
The market expects Sallie Mae (SLM - Free Report) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis student loan company is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of +46.9%.
Revenues are expected to be $355.22 million, down 5.7% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 18.7% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Sallie Mae?For Sallie Mae, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -14.10%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Sallie Mae will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Sallie Mae would post earnings of $1.14 per share when it actually produced earnings of $1.54, delivering a surprise of +35.09%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Sallie Mae doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsCapital One (COF - Free Report) , another stock in the Zacks Financial - Consumer Loans industry, is expected to report earnings per share of $5.08 for the quarter ended June 2026. This estimate points to a year-over-year change of -7.3%. Revenues for the quarter are expected to be $15.7 billion, up 25.7% from the year-ago quarter.
The consensus EPS estimate for Capital One has been revised 4.3% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +1.54%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Capital One will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Vicor rozšiřuje výrobní kapacity, aby zvládl silnou poptávku po AI infrastruktuře a lépe proměnil backlog ve výši 300,6 milionu USD v tržby. V 1. čtvrtletí investoval do kapitálových výdajů 12,4 milionu USD a zvýšil výhled tržeb za 2. čtvrtletí 2026 na 142 milionů USD.
Key Takeaways Vicor is expanding manufacturing capacity to meet AI-driven demand and support future design wins.Vicor invested $12.4 million in capital expenditures during Q1 to expand manufacturing capacity.Vicor expects expanded production capacity to better convert its $300.6 million backlog into revenues. Vicor Corporation (VICR - Free Report) is strengthening its long-term growth outlook by expanding manufacturing capacity to support increasing demand for its advanced power solutions. As AI infrastructure investments accelerate, VICR’s production expansion is expected to remove a key supply constraint, enabling it to serve existing customers more effectively while supporting future design wins. With demand already outpacing available supply, capacity expansion appears to be the primary catalyst for Vicor's next growth phase.
Demand visibility remains strong heading into the second half of 2026, making additional manufacturing investments increasingly important. First-quarter 2026 revenues increased 20.2% year over year to $113 million, while its book-to-bill ratio remained above 2. One-year backlog climbed 70% sequentially to $300.6 million, reflecting demand well above current production levels. Capital expenditures totaled $12.4 million during the quarter, with additional investments planned to expand manufacturing capacity.
Vicor is enhancing output at its existing Federal Street manufacturing facility through equipment additions and process optimization while advancing plans for a second fabrication facility. The company believes these initiatives can significantly increase the revenue-generating capacity of its existing operations, providing greater flexibility to support customer ramps before the second fab becomes operational. This phased expansion strategy should help meet growing demand without disrupting execution.
The strategy is already showing encouraging signs as Vicor raised its second-quarter 2026 revenue guidance to $142 million from $126 million, reflecting stronger product revenue expectations. With demand exceeding current production capacity, the company's manufacturing expansion should improve its ability to convert backlog into revenues, potentially unlocking its next phase of sustainable growth.
How Do VICR’s Rivals Stack Up?Vicor operates alongside Monolithic Power Systems (MPWR - Free Report) and Analog Devices (ADI - Free Report) in the power management market. Monolithic Power Systems continues to expand its manufacturing capabilities and product portfolio to support AI and cloud infrastructure demand, while Analog Devices is investing to strengthen production capabilities and supply chain resilience for high-performance power solutions. Unlike Monolithic Power Systems and Analog Devices, Vicor's current investment focus is on expanding manufacturing capacity to address supply constraints and support its next phase of revenue growth.
VICR’s Price Performance, Valuation & EstimatesVicor stock has surged 137.8% year to date, outperforming the Zacks Electronic Miscellaneous Components industry's decline of 14.1% and the broader Computer and Technology sector's appreciation of 15.8%.
VICR’s YTD Price Return Performance
Image Source: Zacks Investment Research
VICR shares are trading at a forward 12-month price/sales of 14.64X compared with the broader sector’s 6.85X.
The Zacks Consensus Estimate for VICR’s 2026 EPS is pegged at $2.94 per share, up 23 cents over the past 30 days, indicating year-over-year growth of 12.64%.
Vicor carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
International Paper zavře závod Carrollton South v Texasu do konce 3. čtvrtletí roku 2026. Firma to dělá kvůli sladění výroby s poptávkou a posílení své severoamerické obalové sítě.
Action reflects continued efforts to strengthen the company's North America packaging network
, /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC), a leader in sustainable packaging, today announced it will close its Carrollton South packaging facility located in Carrolton, Texas by the end of the third quarter of 2026. The decision is part of the company's ongoing work to align its manufacturing footprint with customer demand and strengthen the long-term competitiveness of its North America packaging business.
International Paper regularly evaluates its network to ensure resources are allocated to deliver the greatest value to customers. This action is consistent with that disciplined, long-term strategy.
"Decisions that affect our people and our communities are never made lightly. We're committed to supporting our Carrollton South team members throughout this transition," said Keith Townsend, Group Vice President, North America Packaging East, International Paper. "Customers will be serviced at other International Paper facilities in the region."
Employees affected by the closure will receive severance, continued benefits and outplacement support.
About International Paper (NYSE: IP; LSE: IPC)
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the use of forward-looking or conditional words such as "intend," "aim," "may," "will," "expect," and "plan" or similar expressions. These forward-looking statements reflect management's current views and are subject to risks and uncertainties that could cause actual results and the timing of events to differ materially from those expressed or implied in these forward-looking statements. These risks and uncertainties include the risk of the Company's ability to achieve the desired outcome and realize the anticipated benefits from its strategic transformation initiatives, including the closure of the Carrollton South, Texas box plant. These forward-looking statements are also subject to the risks and uncertainties contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission ("SEC") on February 27, 2026, and subsequent reports filed with the SEC. In addition, other risks and uncertainties not presently known to the Company or that we currently believe to be immaterial could affect the accuracy of any forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements contained in this press release, whether as a result of new information, future events or changes in expectations.
Pennsylvania American Water získala od PENNVEST granty a nízkoúročené půjčky za 64 106 000 USD na projekty vodní infrastruktury v okresech Allegheny, Cumberland a Susquehanna. Peníze půjdou na výměnu olověných přípojek, úpravu vody na PFAS a novou úpravnu vody.
Low-interest funding helps keep customer costs down while advancing water quality
, /PRNewswire/ -- The Shapiro administration yesterday announced that Pennsylvania American Water was awarded grants and low-interest loans from the Pennsylvania Infrastructure Investment Authority (PENNVEST) totaling $64,106,000. The funding will support water infrastructure improvement projects in Allegheny, Cumberland and Susquehanna counties.
"At Pennsylvania American Water, we strive to provide our customers with high-quality, reliable water and wastewater services while also meeting environmental standards and state and federal regulations. We're thankful to PENNVEST for approving our funding requests and supporting us in that mission," said the company's vice president of engineering, Tony Nokovich. "These projects will have a positive impact on the service provided for our customers by enabling us to continue our efforts to improve water and infrastructure across the state."
A PENNVEST grant of $2,694,306 and loan of $6,205,694 will fund the replacement of approximately 575 identified lead and galvanized lead-impacted water service lines in Dormont Borough, Allegheny County. The removal of all leaded components will provide direct water quality improvements to customers and is consistent with regulatory and Pennsylvania American Water initiatives to eliminate lead-containing lines from the public water supply system. Learn more at pennsylvaniaamwater.com/leadfacts. The interest terms for the loan are 1.00% for the full 25.25-year loan period.
"I am proud to have advocated for this funding and look forward to the positive impact it will make in Dormont," said Pennsylvania State Senator Wayne Fontana. "Clean water infrastructure continues to be a priority of mine and when the state can partner with organizations such as Pennsylvania American Water to make that happen, it is good for everyone."
"This is an incredible investment for Dormont. Not only will it ensure that people have clean drinking water and infrastructure that will hold up for decades to come, but it will also protect residents from footing the bill of replacement, which is so important right now as costs are rising everywhere," said Pennsylvania State Representative Jen Mazzocco.
In Cumberland County, a PFAS project to construct a new per- and polyfluoroalkyl (PFAS) treatment system at the company's Silver Spring Water Treatment Plant, which serves customers across 12 municipalities, received a PENNVEST grant of $2,447,879 and loan of $27,758,121. The proposed upgrades will install new granular activated carbon filter vessels designed to help ensure water meets U.S. Environmental Protection Agency PFAS regulations going into effect in 2029. It will also include additional pump, electrical, back-up power, security and stormwater improvements required as part of the new treatment system. The interest terms for the loan are 1.743% for the first five years and 2.179% for the remainder of the 20-year loan period.
"Access to safe, reliable drinking water is absolutely essential," said Pennsylvania State Representative Thomas Kutz. "This $2.4 million state grant represents a significant investment in our community and in the roughly 85,000 people who depend on the Silver Spring Water Treatment Plant. I'm grateful to Pennsylvania American Water for its continued commitment to strengthening Cumberland County's water infrastructure and ensuring a dependable supply for generations to come."
Pennsylvania American Water's Susquehanna Water Treatment Plant construction project in Harmony Township received a $25,000,000 PENNVEST loan. Due to the significant age, ongoing maintenance requirements and concerns related to the structural integrity of the existing plant's facilities, a new water treatment plant will be constructed on nearby company property to serve the system's more than 4,200 customers. The interest terms for the loan are 1.00% for the first five years and 1.743% for the remainder of the 20-year loan period.
"Funding this project will ensure families in our community have safe, reliable drinking water by replacing aging infrastructure and modernizing treatment systems," said Pennsylvania State Senator Lisa Baker. "With PENNVEST's low‑interest financing, it delivers long-term health and affordability benefits for the 1,481 households who depend on this water supply."
"Every Pennsylvanian has a constitutional right to pure water, and my Administration is continuing that work by investing in projects that modernize aging water infrastructure, replace lead service lines, and address contaminants like PFAS," said Governor Josh Shapiro in the Commonwealth's official announcement. "PENNVEST is helping communities across the Commonwealth make these critical upgrades so more Pennsylvanians have clean, safe, reliable drinking water when they turn on the tap."
Since July 2024, PENNVEST has awarded Pennsylvania American Water more than $261.6 million in funding, including $29 million in grants and $231 million in low-interest loans to support statewide water and wastewater infrastructure projects. Learn more about this funding and how it helps the company reduce costs for its customers at pennsylvaniaamwater.com/pennvest.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.
About Pennsylvania American Water
Pennsylvania American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 1,200 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 2.5 million people.
Blue Energy získala strategickou kapitálovou investici od Constellation Technology Ventures na urychlení výstavby prefabrikovaných jaderných elektráren. Investice podpoří nasazení technologie GE Vernova Hitachi BWRX-300.
, /PRNewswire/ -- Blue Energy, a developer of financeable, prefabricated nuclear power plants, today announced a strategic equity investment from Constellation Technology Ventures, the venture arm of Constellation (Nasdaq: CEG), the nation's largest producer of clean energy and operator of the largest fleet of nuclear power plants in the United States. The investment reflects a growing confidence in Blue Energy's strategy to utilize shipyard manufacturing and project financing to deploy proven reactor technology that has the potential to accelerate new nuclear development – making it predictable, faster and more affordable. It also marks the first investment by Constellation Technology Ventures in a U.S. nuclear developer advancing small modular reactors.
"With demand for near-term power rising, Constellation's investment will help Blue Energy meet America's need by making new nuclear development predictable, rapidly scalable, and project financeable for the first time in history. This relationship helps us leverage an established operator, proven technology, and innovative, project-financeable deployment models to expand access to nuclear energy," said Jake Jurewicz, Blue Energy CEO and Co-Founder. "Together, we're demonstrating that the future of nuclear energy isn't a decade away and doesn't take a leap of faith on technology or construction execution, it's being built right now."
"Constellation is committed to exploring innovative pathways that can help accelerate the deployment of advanced nuclear technologies in the United States and allocate risk appropriately," said David Dardis, Constellation Senior Executive Vice President and Chief External Affairs and Growth Officer. "The Constellation Technology Ventures investment in Blue Energy supports its deployment plans for the GE Vernova Hitachi's BWRX-300, a proven technology with a potential path to scale for the next generation of nuclear energy."
Blue Energy's model is designed to address one of the biggest challenges facing the nuclear industry: how to finance and deploy new nuclear generation at the speed required to meet growing demand. By utilizing proven nuclear technology and employing an innovative large-format robotic prefabrication and assembly method inspired by offshore oil & gas and LNG projects, the company plans to unlock project financing for the first time in the nuclear sector and accelerate deployment timelines.
Earlier this year, Blue Energy announced it raised $380 million and forged a strategic partnership with GE Vernova to develop a multi-gigawatt gas-to-nuclear project utilizing GE Vernova gas turbines and BWRX-300 small modular reactors. The company also recently secured a key U.S. Nuclear Regulatory Commission licensing milestone that supports its goal of delivering reliable power in 48 months or less through its phased gas-to-nuclear deployment strategy. Blue Energy could begin early site works on its first planned project in Texas in 2026, to support a final investment decision in 2027.
About Blue Energy
Founded in 2023, Blue Energy develops financeable, turnkey nuclear power plants compatible with leading reactor technology. Our proprietary lower cost of capital solution and offsite pre-fabrication accelerates new nuclear deployment – making it predictable, faster and more affordable. We will deliver baseload power competitive with fossil fuels and renewables to meet unprecedented global demand. Blue Energy's world-class team has extensive experience in nuclear construction, licensing, engineering, and development. We stem from MIT's Nuclear Science & Engineering Department and are backed by VXI Capital, Engine Ventures, At One Ventures and Tamarack Global. Visit www.blueenergy.co or follow us on LinkedIn.
Super Micro Computer rozšířila portfolio kapalinového chlazení o 10 nových modelů RDHx, které zvládnou odvod 10 až 120 kW tepla na rack pro AI a HPC. Řešení lze nasadit i do stávajících datacenter bez velkých úprav.
Key Takeaways Super Micro Computer launched 10 RDHx models, removing 10-120 kW of heat per rack for AI and HPC workloads.SMCI's RDHx systems fit new and existing data centers with standard rack compatibility and fewer upgrades.Super Micro Computer bundles cooling, servers and software into integrated AI data center solutions. Super Micro Computer (SMCI - Free Report) earlier reported that it is on track to scale rack production capacity to more than 6,000 AI racks per month by the end of fiscal 2026, including 3,000 direct liquid cooling (DLC) racks per month. The company recently announced an expansion of its liquid cooling portfolio to help data centers handle the growing heat generated by AI and high-performance computing (HPC) servers.
SMCI introduced 10 new Rear Door Heat Exchanger (RDHx) models that can remove between 10 kW and 120 kW of heat per rack, with total rack-level cooling reaching 240 kW. The rear door heat exchanger, which is installed in the back of the server rack as a cooling door, uses liquid to absorb and dissipate heat to keep AI servers cool while consuming less energy than traditional air cooling systems.
The new cooling products are part of Super Micro Computer’s Data Center Building Block Solutions, which combine servers, racks, cooling, networking, management software and deployment services into a complete data center solution. Customers can buy an integrated system instead of sourcing components from multiple vendors, simplifying deployment and reducing integration risks.
A key advantage of the new RDHx portfolio is its flexibility. The solutions can be installed in both newly built and existing data centers without requiring major infrastructure changes. They are compatible with standard EIA, ORv3 and NVIDIA MGX racks, allowing operators to upgrade facilities for AI workloads without constructing entirely new data centers.
The cooling systems also include intelligent fan controls, anti-condensation protection and redundant components to improve reliability while lowering operating costs. This is Super Micro Computer’s strategy of offering end-to-end AI infrastructure rather than just servers. As AI clusters become denser and generate significantly more heat, efficient liquid cooling is becoming an essential requirement.
How Competitors Fare Against SMCIThe AI data center market is growing rapidly, with players like Hewlett Packard Enterprise (HPE - Free Report) and Dell Technologies (DELL - Free Report) already competing with SMCI in this space for greater market share. Hewlett Packard Enterprise offers liquid-cooled HPC and AI servers through its HPE Cray and Apollo systems.
Dell offers liquid cooling architectures through its Apex and PowerEdge platforms. Dell has designed its AI server solutions to be custom and modular by adding both air and liquid cooling features with 24-hour rack deployment turnaround and end-to-end deployment services. These key differentiators make its server easy to deploy, hence encouraging smoother adoption.
Hewlett Packard Enterprise offers a range of servers, including HPE ProLiant, HPE Synergy, HPE BladeSystem and HPE Moonshot servers. Dell Technologies has built the Dell AI Factory in collaboration with NVIDIA. Dell also collaborated with Red Hat Enterprise Linux AI for Dell PowerEdge servers.
SMCI’s Price Performance, Valuation and EstimatesShares of Super Micro Computer have lost 8.2% year to date against the Zacks Computer – Storage Devices industry’s growth of 236.6%.
SMCI YTD Performance Chart
Image Source: Zacks Investment Research
From a valuation standpoint, SMCI is trading at a discount at a forward 12 Month P/S multiple of 0.31X compared with the industry’s P/S multiple of 3.76X.
The Zacks Consensus Estimate for Super Micro Computer’s fiscal 2026 and 2027 earnings implies a year-over-year increase of approximately 25.7% and 24.2%, respectively. Earnings estimates for fiscal 2026 and 2027 have remained unchanged for the past 30 days.
Image Source: Zacks Investment Research
Super Micro Computer currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Cardano ETF přilákaly více kapitálu než TRON: v roce 2025 zaznamenaly čisté přílivy 37,2 mil. USD a letos dalších více než 6,9 mil. USD. TRON naopak zaznamenal odlivy.
Cardano exchange-traded funds (ETFs) have attracted stronger investor inflows than TRON, underscoring growing institutional confidence in the Cardano ecosystem.
According to data compiled by Blockworks, Cardano-linked ETFs recorded $37.2 million in net inflows during 2025. The momentum has continued into the current year, with the products already attracting over $6.9 million in additional net inflows.
In contrast, investment products tied to TRON experienced substantial capital outflows over the same period. Blockworks data shows that TRON ETFs lost $33.38 million in 2025, while investors withdrew another $17.47 million from TRX-linked funds this year.
The contrasting performance suggests that institutional and professional investors continue allocating capital to Cardano despite broader market volatility.
Cardano and TRON ETFs Cardano ETFs Outperform TRON in AUM and Monthly Flows Cardano’s ETPs currently manage $48.3 million in assets under management (AUM) across eight active investment products. Some of the top offerings include 21Shares Cardano ETP (AADA), WisdomTree Physical Cardano, and Bitwise Physical Cardano ETP (RDAN)
These regulated investment products trade outside the United States, allowing investors in multiple international markets to gain exposure to ADA without directly buying or holding the cryptocurrency.
Moreover, recent investment activity also favors Cardano. Over the past 30 days, the eight Cardano ETPs attracted $1.17 million in fresh capital. Meanwhile, TRON’s exchange-traded investment products brought in just $534,000 during the same period.
The gap also extends to overall assets under management. While Cardano’s eight ETPs oversee $48.3 million in AUM, TRON currently has only two active ETPs with a combined $29 million in AUM.
International Demand Grows Ahead of Potential U.S. ETF The latest inflows have drawn attention across the Cardano community because they originate entirely from markets outside the United States.
Although U.S. investors still lack access to a spot Cardano ETF, Grayscale has already filed an application for one. Market observers expect the U.S. SEC to decide on the proposal later this year.
Current expectations point to a potential decision by October 2026, provided the regulatory timeline remains on schedule. The process gained momentum after CME Group launched Cardano futures in February 2026, triggering the SEC’s six-month regulated market observation period. Once that requirement concludes on August 9, 2026, ADA will satisfy a key eligibility criterion for consideration for spot ETFs.
If the SEC reviews Grayscale’s application under its streamlined 75-day approval framework, the agency could issue a final decision as early as October 23, 2026.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Alchemy spustila pro Stellar RPC endpointy, WebSockets a tři indexovaná Data API pro mainnet i testnet. Vývojářům tím odpadá nutnost provozovat vlastní indexer.
Alchemy Brings Full Infrastructure Stack to StellarAlchemy has gone live with RPC endpoints, WebSockets, and three indexed Data APIs for the Stellar network, covering both mainnet and testnet. The move hands Stellar developers a production-grade infrastructure layer without the overhead of running custom tooling.
The three indexed APIs give developers access to transfer histories, consolidated token balances through a single request, and NFT holdings spanning both traditional Stellar assets and Soroban-based assets. According to Build on Stellar, the APIs merge classic Stellar and Stellar Smart Contract assets into a single response, cutting out a step that has historically added complexity to application development.
Alchemy provides 99.99% uptime with global redundancy, RPC and WebSocket support, and battle-tested infrastructure with SOC 2 Type II certification. Developers can access all of this using the same API key they already use for other chains supported by the platform.
Why It Matters for Stellar BuildersBefore this integration, retrieving a full picture of a user's on-chain activity on Stellar typically required developers to build or maintain a custom indexer, a time-consuming task that pulls resources away from core product work. With Alchemy's Stellar Data API, developers can query indexed Stellar data across native, classic, and Soroban assets, including transfer history, account balances, and NFT holdings, without running their own indexer.
Stellar is a Layer 1 blockchain purpose-built for real-world payments and asset movement, combining high-performance smart contracts, sub-5-second finality, and native access to institutional financial rails. MoneyGram and PayPal integrate directly with Stellar for production settlement and payment flows, and the network currently supports approximately $2 billion in on-chain real-world assets.
The Alchemy integration adds to a growing list of developer tooling arriving on Stellar. SushiSwap V3 launched on Stellar in February 2026, with other key protocols including Blend for lending, Aquarius for AMM liquidity, Upshift for vault infrastructure, and Rails for perpetuals. The arrival of institutional-grade API infrastructure from a provider of Alchemy's scale is likely to lower the barrier further for teams evaluating Stellar as a build target.
Sources
Alchemy: Stellar Support Is Live on Alchemy
Alchemy Docs: Stellar Data API Overview
Stellar přidala do Tier 1 validátorů MoneyGram, Figure a Range, čímž posílila decentralizaci i odolnost sítě. Počet validátorů v síti Stellar od konce roku vzrostl o 13 %.
Three Industry Names Join Stellar's Validator CoreThe Stellar Development Foundation (@StellarOrg) has added three new organizations to its Tier 1 validator set: @MoneyGram, @Figure, and @range_org. The additions bring together institutions spanning global money movement, capital markets, and blockchain security infrastructure, deepening the network's decentralization at its most consequential layer.
Tier 1 organizations bear the safety and liveness of the Stellar network, meaning most other validators on the network require agreement from them to commit to a new ledger. The role is not self-appointed. To become a Tier 1 organization, a team must convince enough other organizations to trust them. Each Tier 1 member is also required to run three geographically dispersed full validators to ensure redundancy in the event that one node goes offline.
The new entrants bring real-world institutional weight. @MoneyGram has long been embedded in Stellar's payments ecosystem, using the network to process cross-border remittances. MGUSD, its dollar-pegged stablecoin issued via Stripe's Bridge, connects digital dollars to roughly 500,000 physical cash locations in MoneyGram's global remittance network. @Figure is a fintech firm active in capital markets, issuing YLDS, a yield-bearing dollar asset, on the Stellar network. @range_org adds blockchain security infrastructure expertise to the group.
Why the Expansion Matters for $XLMThe move is part of a broader push by SDF to raise the number of Tier 1 organizations and improve the network's fault tolerance. Since April 2025, there had been seven Tier 1 organizations, each operating three full validators, including Blockdaemon, Creit Technologies, Franklin Templeton, LOBSTR, Public Node, SatoshiPay, and SDF. Adding three more organizations meaningfully expands the quorum and reduces the risk of a network halt caused by a small number of participants going dark.
Tier 1 organizations bear the safety and liveness of the Stellar network on their shoulders. That accountability is also what makes them attractive to institutions. Under the Stellar Consensus Protocol, there are no monetary rewards for validators, who operate the network via Proof-of-Agreement through a system of federated voting. Validators participate because they have a direct operational stake in the network's health, not because they earn block rewards.
SDF has emphasised that its approach to decentralization is not about maximizing node count, but fostering trust, mission alignment, and resilience in real-world scenarios. The profiles of @MoneyGram, @Figure, and @range_org reflect exactly that philosophy: each has an active business reason to want Stellar running reliably.
Validator nodes on Stellar increased 13% since year-end, and the latest additions signal that institutional participation in network infrastructure is accelerating alongside growing stablecoin and asset issuance activity on the chain.
Sources:
Stellar Docs: Tier 1 Organizations
Stellar Development Foundation: Q1 2026 Network Update
Messari: State of Stellar Q1 2026
Wall Street očekává, že Comcast ve výsledcích za čtvrtletí končící v červnu vykáže zisk na akcii (EPS) 0,97 USD, tedy meziročně o 22,4 % méně, při tržbách ve výši 29,24 miliardy USD.
Wall Street expects a year-over-year decline in earnings on lower revenues when Comcast (CMCSA - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 23, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis cable provider is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -22.4%.
Revenues are expected to be $29.24 billion, down 3.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.14% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Comcast?For Comcast, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.29%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Comcast will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Comcast would post earnings of $0.73 per share when it actually produced earnings of $0.79, delivering a surprise of +8.22%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Comcast doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zama uvedla, že její důvěrný vault pro USDC na Morpho dosáhl 23,23 milionu USD a je osmý mezi USDC vaulty Morpho V1 i V2 na Ethereum. Vault skrývá zůstatky i vklady pomocí šifrování.
Zama says a lending vault that accepts only confidential USDC has grown into one of the largest USDC vaults on Morpho’s Ethereum deployment, weeks after opening to depositors.
Summary
Zama says confidential USDC deposits reached $23.23 million, ranking eighth among Ethereum Morpho USDC vaults. The vault lets users earn DeFi yield while keeping individual balances and deposit positions encrypted. Morpho’s growing institutional use shows privacy tools are entering established onchain lending infrastructure at scale. According to a July 16 post from Zama, the Steakhouse Confidential Prime USDC vault held $23.23 million at Ethereum block 25,544,806. The company said that placed it eighth by total deposits among Morpho V1 and V2 USDC vaults on Ethereum. The ranking and deposit figure reflect Zama’s stated snapshot and can change as users deposit or withdraw funds.
Confidential USDC moves into established DeFi infrastructure The Steakhouse Confidential Prime USDC vault opened on June 23. Steakhouse Financial curates the strategy, Morpho provides the lending infrastructure, and Zama supplies the confidentiality technology.
Users deposit confidential USDC, or cUSDC, rather than standard USDC. Zama uses Fully Homomorphic Encryption to keep individual balances and transaction amounts encrypted while allowing the assets to interact with applications on Ethereum. Deposits ultimately enter a strategy using Morpho lending markets backed by collateral including cbBTC, WBTC and wstETH.
Zama points to $23.23M TVL as a demand signal Zama described the vault’s growth as evidence that users are willing to place capital into confidential financial infrastructure. The company said “capital is ready to flow through confidential rails,” while acknowledging that an ongoing incentive program has also helped attract deposits.
The vault launched with a 12-week reward program on top of the yield generated by its underlying Morpho strategy. Zama said the native strategy was producing about 4% when the product launched, while additional incentives rewarded early depositors. The company had reported more than $14 million deposited by July 2, before the total reached the $23.23 million figure reported on July 16.
Morpho attracts more institutional-style vault products The confidential vault arrives as Morpho attracts asset managers, wallets and professional curators. Bitwise launched its first onchain vault on Morpho in January, targeting stablecoin lending through a non-custodial structure.
Morpho has also expanded through consumer wallet integrations. As reported by crypto.news, Trezor added access to Steakhouse-curated USDC and USDT vaults in May. Those developments place Zama’s product within an existing lending market rather than requiring users to move liquidity to a separate blockchain.
Confidential finance still faces compliance questions Zama’s confidential USDC system has already faced a test involving the underlying stablecoin. In May, a US court order led Circle to temporarily freeze a Zama contract holding about $12.5 million in USDC. The order was later lifted, and Zama said the funds returned to normal operation.
As previously reported, the episode prompted Zama to accelerate work on compliance and controlled disclosure tools. The company says its system encrypts transaction details rather than making users anonymous and plans tools that can respond to legal and regulatory requirements.
Zama argues that its cross-chain confidentiality model can add privacy where liquidity already exists instead of requiring a new Layer 1 or Layer 2. The $23.23 million vault provides an early test of that approach, although continued deposits after the incentive program ends will offer a clearer measure of lasting demand.
