Track market-moving stories before they get noisy

Coca-Cola stock is trading at depressed levels. Where are KO shares going? Earnings Preview & HistoryCoca-Cola is scheduled to report second-quarter earnings on July 28. The company is expected to report earnings per share of 93 cents along with revenue of $13.15 billion. For the prior quarter, Coca-Cola reported earnings per share of 86 cents, beating the consensus estimate of 81 cents. The company also posted revenue of $12.47 billion, exceeding the consensus estimate of $12.25 billion.

Coca-Cola has beaten EPS estimates in eight consecutive quarters. Over the last four quarters, the company has averaged an EPS surprise of 0.05% and a revenue surprise of 0.01%.

Analyst Consensus & Recent ActionsThe stock carries a Buy rating with an average price target of $89.92. Recent analyst moves include:

UBS: Buy (Raises Target to $98.00) (July 16) Citigroup: Buy (Raises Target to $97.00) (July 14) B of A Securities: Buy (Raises Target to $95.00) (July 10) A Bullish Trend Taking a BreatherCoca-Cola is trading 0.9% below its 20-day SMA ($82.25), a spot that often acts like a "line in the sand" for short-term trend traders when a stock has been grinding higher. At the same time, it’s still 0.5% above the 50-day SMA ($81.06) and 8.4% above the 200-day SMA ($75.17), keeping the bigger-picture uptrend intact.

Momentum is best framed through RSI, which is at 48.38—basically neutral and consistent with a stock that’s digesting gains rather than breaking down. RSI measures how stretched a move is, and a reading near 50 typically signals a market that’s deciding between continuation and consolidation.

The longer-term trend backdrop remains constructive: the 20-day SMA is above the 50-day SMA (bullish), and the 50-day SMA is above the 200-day SMA—confirming the golden cross that occurred in December 2025. That matters because it often keeps "buy-the-dip" interest alive on pullbacks toward intermediate support.

Key Resistance: $84.00 — a clean round-number area near the upper end of the recent range, where rebounds can stall before retesting the $85.68 52-week high Key Support: $76.50 — a nearby floor that lines up with a prior demand zone and sits not far above the 200-day moving-average area ($75–$76) Benzinga Edge RankingsBelow is the Benzinga Edge scorecard for Coca-Cola, highlighting its strengths and weaknesses compared to the broader market:

The Verdict: Coca-Cola’s Benzinga Edge signal reveals a quality-and-growth-leaning profile with decent momentum, but a valuation that leaves less room for error. For longer-term bulls, that often shifts the focus to holding key supports and delivering clean earnings rather than chasing strength into resistance.

Coca-Cola Shares Trade FlatKO Price Action: At the time of publication, Coca-Cola shares are trading 0.47% lower at $81.94, according to data from Benzinga Pro.

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News Highlights

Microsoft to ramp AMD Helios™ at scale on Azure to power frontier model inference for Microsoft, its AI customers and Azure AI services. Azure will add two new VMs powered by 6th Gen AMD EPYC™ “Venice” processorsAzure deploys AMD Pensando™ DPUs in AMD AI backend networking infrastructure and select Azure services.The companies are integrating AMD silicon with Azure Boost to scale cloud networking performance across the fleet. SANTA CLARA, Calif., July 20, 2026 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced an expanded strategic partnership spanning AMD GPUs, CPUs, networking and software on Microsoft Azure. At the center of this expansion, Microsoft will deploy the AMD Helios Rackscale Solution, to power frontier model AI inference for Microsoft, its AI customers and support Azure AI services. Azure will also add two new AMD EPYC CPU-powered VM series and broaden its deployment of Pensando DPUs to support Azure networking services. AMD will begin shipping Helios to customers, including Microsoft, in the second half of 2026.

AMD Helios combines AMD Instinct™ MI455X GPUs, AMD EPYC™ "Venice" CPUs, Pensando™ networking and ROCm™ software in an open, integrated rackscale platform built for large-scale AI training and inference. The Azure deployment will use Helios for inference workloads spanning frontier models, Azure AI services and customer applications.

“AMD and Microsoft have spent years building high-performance infrastructure together, and today we're extending that partnership across the full stack of AMD AI solutions on Azure,” said Dr. Lisa Su, Chair and CEO, AMD. “Microsoft's new AMD deployments mark an important milestone as we deliver leadership compute solutions to Azure customers and scale the next generation of AI infrastructure together.”

“Customers are looking for AI infrastructure that is optimized for a wide range of workloads, from training and inference to data preparation, search, and reinforcement learning," said Satya Nadella, Chairman and CEO, Microsoft. "Through our collaboration with AMD, we are expanding the Azure infrastructure portfolio with AMD Helios to give customers the performance, scale and choice they need to build and run the next generation of AI applications.”

The collaboration expands access to AMD AI infrastructure across Azure. Frontier model builders can now leverage AMD-powered infrastructure to train and serve large-scale AI models, while enterprise customers can deploy and scale production AI workloads through Azure Foundry Managed Compute.

Azure’s new VM series, Azure HDv2 for agentic AI and data pipelines, and Azure HXv2 for semiconductor design, will be powered by 6th Gen AMD EPYC “Venice” processors. Together, the new VM series broaden Azure’s AMD EPYC portfolio across AI, data and engineering workloads.

The collaboration also extends into the networking layer that connects and scales Azure infrastructure. Building on Microsoft’s broad deployment of AMD Pensando DPUs, the companies are integrating Azure Boost with AMD technologies to improve networking performance, efficiency and connection processing at cloud scale.

As AI demand accelerates, AMD and Microsoft will continue to deliver open, high-performance infrastructure that gives customers flexibility, efficiency and scale to build what's next.

Supporting Resources

Learn more about AMD Instinct acceleratorsLearn more about AMD EPYC processorsLearn more about AMD Pensando networking solutionsLearn more about AMD and Microsoft collaborationConnect with AMD on LinkedInFollow AMD on X About AMD

AMD (NASDAQ: AMD) drives innovation in high-performance and AI computing to solve the world’s most important challenges. Today, AMD technology powers billions of experiences across cloud and AI infrastructure, embedded systems, AI PCs and gaming. With a broad portfolio of AI-optimized CPUs, GPUs, networking and software, AMD delivers full-stack AI solutions that provide the performance and scalability needed for a new era of intelligent computing. Learn more at www.amd.com.

Cautionary Statement

This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, performance, availability, timing and expected benefits of AMD products and expanded collaboration with Microsoft, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as "would," "may," "expects," "believes," "plans," "intends," "projects" and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and are generally beyond AMD's control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: impact of government actions and regulations such as export regulations, import tariffs, trade protection measures, and licensing requirements; competitive markets in which AMD’s products are sold; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; AMD’s ability to introduce products on a timely basis with expected features and performance levels; loss of a significant customer; economic and market uncertainty; quarterly and seasonal sales patterns; AMD's ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD's products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, components (such as memory supply), substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD's ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD's reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD's reliance on Microsoft and other software vendors' support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; failure to maintain an efficient supply chain as customer demand changes; AMD's ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; impact of climate change on AMD’s business; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes and the revolving credit agreement; AMD’s ability to satisfy financial obligations under guarantees, leases and other commercial commitments; impact of acquisitions, joint ventures and/or investments on AMD’s business and AMD’s ability to integrate acquired businesses; impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain key employees; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.   

AMD, the AMD Arrow logo, AMD Instinct, AMD Pensando, AMD ROCm, EPYC and combinations thereof are trademarks of Advanced Micro Devices, Inc. Microsoft, Azure are trademarks or registered trademarks of their respective owners. Other names are for informational purposes only and may be trademarks of their respective owners.

Next week, on July 28, leading cannabis producer Tilray Brands (TLRY 0.58%) is scheduled to report its latest quarterly results. They'll be for its fourth quarter, wrapping up the company's 2026 fiscal year. That's always a big one for companies, as they may make major announcements and also provide guidance for the year ahead.

If the results and news are encouraging, Tilray's stock may soar, leading to a rally in the weeks and months to follow. With the stock trading near its 52-week low, is it a good idea to buy Tilray Brands stock right now, before the company reports its latest results?

Image source: Getty Images.

If Tilray Brands' growth rate continues improving, that could be the catalyst the stock needs Tilray operates in a highly competitive Canadian cannabis market, where it's tough to grow its business while maintaining high margins. As a result, it has leaned heavily on acquisitions and on diversifying into other parts of the world, even into beverages, to grow its sales. The good news is that the company's growth rate has been improving in recent quarters and was back up to double digits in the third quarter.

TLRY Revenue (Quarterly YoY Growth) data by YCharts

If the cannabis company continues to show progress and its growth rate rises further in Q4, that may give investors renewed confidence that the business is going in the right direction. Tilray has struggled to prove it's a good buy, as over the past five years its value has fallen tremendously, by 97%.

However, not only will Tilray need to show good top-line numbers, but its bottom line has been particularly troubling. While acquisitions can boost the top line, they can also add costs and lead to greater losses. In two of the past three fiscal years, Tilray incurred annual losses exceeding $1 billion, as it often incurs non-cash expenses and impairment charges. Avoiding another mammoth loss this fiscal year may be just as important as the company showing strong growth.

Today's Change

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Tilray's stock may seem cheap, but it's not a no-brainer buy Unfortunately, Tilray doesn't have a great track record of growing and staying out of the red. It has a lot to prove to growth investors, which is why buying the stock heading into Q4 would be a bit of a gamble. There are still plenty of concerns around the business, and no shortage of uncertainty. That's why a wait-and-see approach still makes the most sense, as despite its losses over the years, it wouldn't be surprising if Tilray's stock continued to decline after earnings.

© opengridscheduler / Flickr

Costco (NASDAQ:COST | COST Price Prediction) stock stands out as one of the strongest setups in the retirement investor’s playbook right now, and the case rests on three numbers that are hard to argue with. The membership economics are hardening, the balance sheet is getting stronger by the quarter, and the growth premium versus the obvious alternative keeps widening. This is a conviction position.

The Membership Machine Is Compounding Faster Costco posted Q3 FY2026 revenue of $70.53 billion, up 11.58% year over year, with net income climbing 15.19% to $2.19 billion. Membership fees alone reached $1.37 billion, up 10.7%, with a worldwide renewal rate of 89.7% and 75.0% executive-tier penetration. That is annuity-like income growing at a double-digit clip, the kind of cash-flow profile retirement portfolios tend to prize behind an equity position.

Balance Sheet Built for Payouts Cash and equivalents jumped to $18.95 billion, a 36.93% year-over-year gain, while shareholders’ equity expanded 23.54%. CFO Gary Millerchip signaled that a special dividend remains on the table, noting Costco continues to “generate excess cash beyond those priorities”. Costco has paid special dividends of $15 in 2023, $10 in 2020 and $7 in 2017. The regular quarterly dividend already stepped up to $1.47 in May 2026 from $1.30. Retirees get a growing base payout plus periodic lump-sum surprises.

The Head-to-Head With Walmart Is Not Close Walmart (NASDAQ:WMT) is the natural comparable, and it loses on the metrics that matter for a compounder. Walmart’s quarterly revenue grew just 7.3% versus Costco’s 11.58%, and quarterly earnings growth was 19.4% against Costco’s 15.19% off a much larger base. Costco’s return on equity is 29.1% versus Walmart’s 24.1%.

Yes, Walmart yields 0.85% to Costco’s 0.57%, but Walmart trades at a forward P/E of 38x versus Costco’s 42x. That is a small premium for meaningfully faster growth and a membership annuity Walmart cannot replicate.

The One Risk, Dismissed Consumer sentiment sits at 44.8, deep in pessimistic territory. Yet retail sales hit a high of $763.7 billion in May, a 90.9th percentile reading. Costco’s 89.7% renewal rate proves members do not cancel a $130 card when times get tight. They trade down into Kirkland, and Costco captures the wallet share anyway.

For retirement investors seeking a durable compounder with rising income and optional special-dividend upside, Costco around $938 screens as a durable compounder worth research.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Costco didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Boston Common Asset Management LLC decreased its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 10.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,864 shares of the semiconductor manufacturer’s stock after selling 2,211 shares during the quarter. Boston Common Asset Management LLC’s holdings in Micron Technology were worth $6,373,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. AlphaCentric Advisors LLC purchased a new stake in Micron Technology during the first quarter valued at about $102,000. Planning Alternatives Ltd. ADV acquired a new position in shares of Micron Technology in the first quarter worth about $233,000. Eaton Cambridge Inc. purchased a new position in shares of Micron Technology in the first quarter worth approximately $292,000. Trivest Advisors Ltd increased its position in shares of Micron Technology by 28.1% in the first quarter. Trivest Advisors Ltd now owns 784,100 shares of the semiconductor manufacturer’s stock worth $264,900,000 after acquiring an additional 172,100 shares in the last quarter. Finally, True North Advisors LLC increased its position in shares of Micron Technology by 14.3% in the first quarter. True North Advisors LLC now owns 5,585 shares of the semiconductor manufacturer’s stock worth $1,887,000 after acquiring an additional 697 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth MU has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. The Goldman Sachs Group lifted their price objective on shares of Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Mizuho boosted their target price on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Wolfe Research set a $1,500.00 target price on Micron Technology in a report on Thursday, June 25th. Finally, Needham & Company LLC increased their target price on Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,268.93.

Read Our Latest Stock Report on MU

Micron Technology Stock Performance MU stock opened at $848.95 on Monday. The firm has a 50 day simple moving average of $949.46 and a 200 day simple moving average of $602.10. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week high of $1,255.00. The stock has a market cap of $958.80 billion, a P/E ratio of 19.22 and a beta of 2.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same quarter in the prior year, the business earned $1.91 EPS. The company’s revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is 1.36%.

Insider Transactions at Micron Technology In related news, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director directly owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. The trade was a 10.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 163,300 shares of company stock valued at $152,667,204 in the last three months. 0.24% of the stock is currently owned by insiders.

Key Headlines Impacting Micron Technology Here are the key news stories impacting Micron Technology this week:

Positive Sentiment: Micron continues to benefit from AI infrastructure spending, with multiple articles highlighting strong demand for advanced memory and storage as a long-term growth driver. Positive Sentiment: Analysts at KeyCorp reiterated an Overweight view and a $1,750 price target, signaling continued Wall Street confidence in Micron’s earnings power. Positive Sentiment: Recent coverage says Micron’s lower valuation, strong returns, and light debt load may make it more attractive than peers such as TSMC as an AI semiconductor investment. Positive Sentiment: Micron also announced long-term automotive supply agreements, expanding its AI-memory opportunity beyond data centers into next-generation vehicles. Neutral Sentiment: The stock is being described as highly volatile, with some analysts framing Micron as a momentum name that can swing sharply in either direction as sentiment around AI changes. Neutral Sentiment: Several recent commentaries argue the latest drop may be technical and sentiment-driven, creating a different risk-reward setup than Micron had a month ago. Micron: Things Change Negative Sentiment: Micron is falling alongside other chip stocks as investors rotate out of AI and momentum names, pressuring the whole semiconductor group. Negative Sentiment: Fresh concerns about future memory pricing, including reports of Chinese competitor CXMT preparing a large IPO and CoreWeave exploring hedges against falling memory costs, are weighing on sentiment. Negative Sentiment: Micron’s recent sharp pullback has revived worries that the memory cycle may be peaking, even though several bullish articles argue the long-term demand story remains intact. About Micron Technology (Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

Featured Stories Five stocks we like better than Micron Technology Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU – Free Report).

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eBay stock is trading at elevated levels. Where is EBAY stock headed? According to a regulatory filing made late Friday, GameStop now owns 43.4 million shares of eBay, representing a 9.8% stake in the company — a sharp increase from the 5% economic stake CEO Ryan Cohen initially disclosed when he approached eBay’s board in May. GameStop acquired more than 3.5 million shares for $381.3 million between June 8 and June 15, followed by roughly 39 million additional shares through put/call pairs on June 17.

Cohen Vows to Pursue eBay DealGameStop submitted a non-binding proposal on May 3 to acquire all outstanding eBay shares it doesn’t already own for $125 per share in a cash-and-stock deal, valuing the transaction at approximately $56 billion. eBay’s board rejected the offer, calling it “neither credible nor attractive.”

Despite the rejection, GameStop has continued building its position and reaffirming its intent to pursue the deal, with Cohen stating he intends to acquire the platform “one way or another.” The proposed transaction remains non-binding and would be subject to negotiation, financing, regulatory approvals, and stockholder votes from both companies.

GameStop, eBay Shares Trade FlatPrice Action: At the time of publication, GameStop shares are trading 0.05% higher at $21.90 and eBay shares are trading 0.84% higher at $113.00, according to data from Benzinga Pro.

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Additive manufacturing increases production speed and industrial flexibility to meet growing demand for expendable engines

, /PRNewswire/ -- Farnborough International Airshow – Pratt & Whitney, an RTX (NYSE: RTX) business, announced the successful completion of demonstration testing for its additively manufactured TJ150 engine.

Nearly 60% of the engine by volume was produced through additive manufacturing, including major static and rotating hardware. The testing focused on validating material behavior in an operational environment and demonstrating durability aligned with mission demands.

"For expendable engines like the TJ150, where missions can last minutes or hours, simplifying the design and scaling production quickly is essential to meeting rising demand," said Jill Albertelli, president of Military Engines at Pratt & Whitney. "Additive manufacturing helps us move designs from concept to capability faster, and we are leveraging what we learned on the TJ150 to benefit other programs, including the Pratt & Whitney Valox™ engine family."  

Pratt & Whitney has made targeted investments to advance additive manufacturing for the TJ150, strengthening its long-term producibility and scalability strategy. To date, Pratt & Whitney has consolidated more than 50 individual hot section components into a handful of additively manufactured parts and has successfully tested a 3D-printed rotating turbine wheel. Together, these efforts led to the recently tested TJ150 configuration.

About Pratt & Whitney
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact [email protected].

SOURCE RTX

Financiere des Professionnels Fonds d investissement inc. boosted its position in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 206.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,310 shares of the semiconductor manufacturer’s stock after buying an additional 51,445 shares during the period. Broadcom makes up approximately 1.4% of Financiere des Professionnels Fonds d investissement inc.’s portfolio, making the stock its 15th biggest position. Financiere des Professionnels Fonds d investissement inc.’s holdings in Broadcom were worth $23,619,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Broadcom by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock valued at $167,064,997,000 after acquiring an additional 3,919,715 shares in the last quarter. State Street Corp raised its position in shares of Broadcom by 2.7% during the fourth quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer’s stock worth $65,788,194,000 after purchasing an additional 5,040,801 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Broadcom by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer’s stock worth $38,396,634,000 after purchasing an additional 1,548,699 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Broadcom by 3.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 85,546,083 shares of the semiconductor manufacturer’s stock worth $29,607,500,000 after purchasing an additional 2,491,644 shares in the last quarter. Finally, Norges Bank acquired a new stake in Broadcom in the 4th quarter valued at $24,252,196,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth A number of analysts have commented on AVGO shares. JPMorgan Chase & Co. boosted their price target on shares of Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Erste Group Bank reaffirmed a “hold” rating on shares of Broadcom in a research note on Tuesday, July 7th. Benchmark lifted their price objective on shares of Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Citigroup reiterated a “buy” rating on shares of Broadcom in a report on Thursday, June 4th. Finally, Royal Bank Of Canada boosted their target price on shares of Broadcom from $360.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $493.24.

View Our Latest Stock Report on Broadcom

Broadcom Stock Performance Shares of Broadcom stock opened at $370.83 on Monday. The stock has a fifty day simple moving average of $401.29 and a 200 day simple moving average of $365.42. Broadcom Inc. has a 12-month low of $273.00 and a 12-month high of $495.00. The company has a market capitalization of $1.76 trillion, a P/E ratio of 61.81, a price-to-earnings-growth ratio of 0.65 and a beta of 1.45. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71.

Broadcom (NASDAQ:AVGO – Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The business had revenue of $22.19 billion during the quarter, compared to analyst estimates of $22.13 billion. During the same period in the prior year, the firm posted $1.58 EPS. Broadcom’s quarterly revenue was up 47.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

Broadcom Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were issued a $0.65 dividend. The ex-dividend date was Monday, June 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is currently 43.33%.

More Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Standard Chartered chose Broadcom to support a long-term modernization of its global banking infrastructure, underscoring Broadcom’s role in secure private-cloud and enterprise networking solutions. Standard Chartered Selects Broadcom to Deliver Secure, Always-On Banking Services at Global Scale Positive Sentiment: Wall Street commentary continues to describe Broadcom as a core AI beneficiary, and some analysts have raised price targets even after the stock pullback. As Shares Fall, Analyst Are Boosting Their Broadcom Price Targets Neutral Sentiment: Broadcom remains a major talking point in AI-focused market coverage, with some investors viewing it as an indicator for the broader market and semiconductor cycle. Jim Cramer Says Broadcom Will Tell You When the Market Is About to Turn Negative Sentiment: Broadcom is facing renewed skepticism around valuation, with one report asking whether the AI story has made the stock too expensive. Has Broadcom Become Too Expensive for Its AI Story? Negative Sentiment: The stock is also being hit by a broader selloff in semiconductor names as investors rotate away from AI-capex winners and worry about a slowdown in chip spending. Marvell Drops 8% as AI Capex Slowdown Fears Weigh on Chips; Broadcom, AMD, and Intel Slide Negative Sentiment: Broadcom is also dealing with regulatory uncertainty after reports said it faces an EU antitrust review tied to VMware licensing changes. Broadcom (AVGO) Faces EU Antitrust Review Over VMware Licensing Changes Insider Activity In related news, Director Gayla J. Delly sold 1,890 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director directly owned 31,326 shares in the company, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justine Page sold 1,602 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the sale, the director directly owned 17,426 shares of the company’s stock, valued at $6,514,884.36. The trade was a 8.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 61,644 shares of company stock worth $24,016,214. Company insiders own 1.90% of the company’s stock.

Broadcom Profile (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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As bitcoin prices fell yet again in the second quarter, traders on prediction market platform Kalshi think Coinbase's trading volumes suffered once again. 

The cryptocurrency trading platform is expected to post a third consecutive quarterly decline of trading volumes, and speculators are also feeling confident that total trading volume will slip below $200 billion for the first time since third quarter 2024. 

Traders give a 41% chance that trading volume is above $160 billion, and just a 25% chance it's above $170 billion. That compares to analysts' consensus estimates for $168.5 billion, according to FactSet. 

Speculators are more certain volume will be above $150 billion, giving that a 99% chance of happening.

Coinbase is set to deliver its second-quarter earnings report on July 30. 

The contract on Kalshi asks traders if Coinbase trading volume will be above various levels, and the outcome is resolved using information from investment research platform Fiscal.ai. 

Shares of Coinbase are down more than 55% since bitcoin prices — which are off slightly less than 50% — peaked in October 2025. Coinbase trading volume's previous declines in the first quarter of 2026 and fourth quarter of 2025 came also as Bitcoin prices tumbled over that period. 

Coinbase since Oct. 7, 2025.

Bitcoin prices fell again in the second quarter, off about 12%.

Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.

Prediction markets have become a useful sentiment thermometer for one of the most polarizing stocks on Wall Street. MicroStrategy (NASDAQ:MSTR | MSTR Price Prediction), the bitcoin-treasury company now branded Strategy, was trading at $94.85 as of Monday morning, and Polymarket bettors are actively pricing everything from margin-call risk to index removal to whether CEO Phong Le will announce another bitcoin buy this week. The odds tell a coherent story, and they line up with what the stock has done this year.

Why the Odds Matter Right Now Bitcoin is under pressure. BTC changed hands recently at $64,825.78, down 25.91% year to date and 44.74% lower over the past year. That drawdown is the backdrop for every Strategy prediction market currently open. It also frames the accounting reality: under ASU 2023-08 fair-value rules, Strategy booked a $14.46 billion unrealized bitcoin loss in Q1 2026 and posted EPS of −$38.25, missing consensus by a wide margin.

Against that setup, Polymarket has eight active markets on Strategy and Kalshi has none. Volumes are modest, so read these as directional sentiment, not deep-liquidity signals.

The Big One: Margin-Call Risk Priced at Almost Zero Despite the bitcoin swoon, bettors are not worried about a forced unwind. The market titled Will MicroStrategy be margin called in 2026? shows Yes at just 0.032 probability against No at 0.969, on $96,048.55 in total volume and $22,614.76 in open interest.

That is a strong statement given the balance sheet: Strategy carries $8.17 billion in long-term debt and roughly $229.5 million per quarter in preferred dividend obligations across its STRC, STRK, STRF, STRD, and STRE stacks. Bettors appear to trust that the company can service those obligations through its ATM equity machine and its Digital Credit issuance rather than being forced to dump BTC.

The 1M BTC Milestone Is Fading Phong Le has made bitcoin accumulation the centerpiece of the thesis, but the market is skeptical about the pace. Will MicroStrategy announce holding 1M+ BTC by December 31, 2026? prices Yes at only 0.08 probability versus No at 0.92. This is the largest of the strategic markets by volume, with $284,635.91 traded and $116,854.94 in open interest.

For context: Strategy held 818,334 BTC as of early May 2026 after buying 89,599 BTC in Q1. Reaching seven figures by year-end would require another substantial accumulation sprint at a time when the equity is trading in the low $90s rather than the near-$400 levels it saw in mid-2025. Issuing shares into a depressed price to buy a depressed asset is a harder pitch than it was a year ago.

MSCI Delisting Risk Is Material One of the more unusual markets is Microstrategy delisted from MSCI index by December 31?, which prices Yes at 0.365 probability and No at 0.635. Volume is thin at $1,001.63, but the odds themselves are striking: bettors see a better-than-one-in-three chance the stock is pulled from a major index this year. Passive selling from index funds would be a structural overhang if it happens.

Short-Term Bitcoin Activity: Buying, Not Selling The near-term event markets expiring July 21, 2026, spell out the current tape:

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and MicroStrategy didn't make the cut. Grab the names FREE today.

Will Microstrategy announce a Bitcoin purchase July 14-20? Yes 0.11, No 0.89. MicroStrategy announces >1000 BTC purchase July 14-20? Yes 0.365, No 0.635. Will Microstrategy announce selling any Bitcoin July 14-20? Yes 0.007, No 0.994. Read together, the crowd sees essentially zero chance the company sells bitcoin this week, a modest chance it announces any purchase, and a higher conditional chance that if there is a purchase, it will be a large one. That is consistent with Strategy’s pattern of quiet weeks followed by chunky Monday disclosures.

Earnings and the Analyst Gap The Q2 2026 earnings market, Will MicroStrategy (MSTR) beat quarterly earnings?, prices Yes at 0.2 probability ahead of the July 30, 2026, report. Bettors are effectively assuming another quarter dominated by fair-value bitcoin marks rather than a clean beat on the software business, even as subscription services revenue continues to grow.

That pessimism sits uncomfortably next to the sell-side: analyst ratings show 13 Buys and one Hold, with an average price target of $303.64 against a current $94.85. Insiders have gone the other way, with 156 recent insider transactions net to selling.

The Weekly Price Grid Polymarket’s What will MicroStrategy (MSTR) hit Week of July 20 2026? market is a multi-outcome grid. The two highest-probability price levels are $90 at 0.62 and $85 at 0.57, with most other levels clustered around 0.5. Volume is $0, so treat this as a curiosity rather than a signal. Recent resolutions have not been kind to the crowd: last week’s market implied $90 while the winning outcomes were $95 and $100, a −$10 deviation.

Sentiment: Bearish, and It Got There Fast The composite sentiment score for Strategy is 37.76, flagged as bearish with medium confidence. The trend is what stands out: the composite score has moved from 73.88 on July 1 to 37.76 today, a 30-day change of −36.12. Social sentiment (Reddit) is the weakest input at 22, while news sentiment reads higher at 53.52.

What the CEO Is Saying On the Q1 2026 call, Phong Le leaned into the credit story: “Adoption of Bitcoin continues to grow in 2026. Digital Credit, highlighted by STRC, has been a big success. We raised $5.6 billion year-to-date of STRC gross proceeds, increased daily trading volume to $375 million, while bringing volatility down to 3%, all done during a bitcoin bear market.” The STRC preferred’s annualized dividend has climbed from 11.00% in January 2026 to 11.50% by May, which is another number worth tracking as the company funds its buys through preferred issuance rather than diluting common.

What to Watch Next There are three things to watch over the next two weeks. First, the Monday morning purchase disclosure window: if there is no announcement, expect the July 14–20 purchase market to resolve No and the >1000 BTC market to settle accordingly. Second, the July 30, 2026, Q2 report, where a bitcoin price near $64,825.78 at quarter-end would likely mean another large fair-value hit. Third, any MSCI review headlines that could move the 36.5% delisting odds sharply in either direction.

Polymarket is telling investors that Strategy’s solvency is fine, its ambition is discounted, its index membership is in play, and its next earnings report is unlikely to be a clean beat. That is a coherent read of a company whose fortunes are now tied to a bitcoin price that has surrendered nearly half its value in a year.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and MicroStrategy didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Halliburton Company (NYSE:HAL) will release its second quarter earnings report before the opening bell on Tuesday, July 21.

Analysts expect the Houston, Texas-based company to report quarterly earnings of 54 cents per share, down from 55 cents per share in the year-ago period. The consensus estimate for Halliburton’s quarterly revenue is $5.5 billion. It reported $5.51 billion last year, according to Benzinga Pro.

On July 13, Halliburton announced it won a major integrated well construction contracts for the GranMorgu deepwater development offshore Suriname.

Shares of Halliburton rose 0.5% to close at $35.22 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Considering buying HAL stock? Here’s what analysts think:

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, /PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO) ("Adecoagro" or the "Company"), a leading sustainable production company in South America, announces that it has entered into an agreement with Raízen Group to acquire the Caarapó Mill, located in the State of Mato Grosso do Sul, including the Company's owned sugarcane and sugarcane supply agreements. The transaction price is estimated at R$760 million (approximately US$148 million), subject to adjustments, and will be paid in cash upon closing. During the 2025/26 harvest season, the Caarapó Mill processed approximately 3.5 million tons of sugarcane. The acquisition is aligned with Adecoagro's growth strategy of expanding its footprint in the region.

Caarapó mill is located in the municipality of Caarapó, Mato Grosso do Sul, approximately 100 km from Adecoagro's Angélica and Ivinhema mills. The mill has the capacity to produce sugar, hydrous and anhydrous ethanol, as well as renewable energy.

Renato Junqueira Pereira, Adecoagro's VP of the Sugar, Ethanol and Energy business commented "We view the acquisition of Caarapó as a natural extension of our current industrial footprint in Mato Grosso do Sul. Given its geographic proximity, the mill will be integrated into our Cluster strategy, allowing us to process additional sugarcane — including excess cane from our existing operations — while leveraging shared infrastructure, management, and best practices to replicate our competitive advantages, reinforce our low-cost production model, and meaningfully grow Caarapó's crushing volume with limited incremental investment."

We believe this is a transaction that makes strategic and financial sense, and one that will generate long-term value for our shareholders, as the mill organically integrates into our operations. Having established ourselves as one of the lowest-cost producers of sugar and ethanol globally, we have a clear path and proven methodology to unlock Caarapó's full productive potential. Furthermore, we expect the asset to be accretive to Adjusted EBITDA from day one, with incremental upside as we capture operational synergies and deploy our know-how across an integrated cluster composed of three mills located in the same region.

Mariano Bosch, Co-Founder and Chief Executive Officer of Adecoagro, expressed: "We are very pleased with this transaction. Acquiring Caarapó will allow us to strengthen our S&E platform, while reinforcing our position among the lowest-cost producers in the industry."

The completion of the transaction is subject to approval by the Brazilian Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica – CADE) and the satisfaction of the other conditions precedent set forth in the agreement. The closing is expected to occur before October 1, 2026, after which the Caarapó Mill will be incorporated into Adecoagro's Sugar, Ethanol and Energy business.

About Adecoagro:

Adecoagro is a leading sustainable production company in South America. Adecoagro owns 210.4 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces 3.1 million tons of agricultural products, 1.3 million tons of fertilizers and over 1 million MWh of renewable electricity.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historic or current facts and often use words such as "anticipate," "estimate," "expect," "believe," "will likely result," "outlook," "project" and other words and expressions of similar meaning. Investors are cautioned not to place undue reliance on forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, those set forth in the "Risk Factors" section of the Company's Form 20-F for the fiscal year ended December 31, 2025 and subsequent filings with the SEC. The Company may not succeed in addressing these and other risks. Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein. No assurance can be given that the transactions described in this press release will be consummated or as to the ultimate terms of any such transactions.

For questions, please contact:
Adecoagro
Victoria Cabello - IR Officer
Email: [email protected]

SOURCE Adecoagro S.A.

Elroy Air Recently Announced a Demand Pipeline Exceeding 1,400 Aircraft

Kratos to Increase Current Sacramento Workforce of 450+ High-Tech Employees as Production of Elroy Air's Autonomous Cargo Aircraft Accelerates

SAN DIEGO, July 20, 2026 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, today announced that it will manufacture Elroy Air's Chaparral autonomous cargo aircraft in its expanding Sacramento, California production facility, supporting increasing demand across commercial logistics and defense markets while expecting to further grow its regional workforce of 450 high-tech employees by more than 50 as Chaparral production ramps.

The Chaparral is a hybrid-electric, vertical takeoff and landing (VTOL) autonomous cargo aircraft designed to transport more than 500 pounds of payload with a maximum range of up to 450 miles without requiring traditional airport infrastructure. The system is designed to support commercial middle-mile logistics while also providing a flexible, autonomous resupply capability for military operations.

The announcement marks the transition from strategic manufacturing partner to production execution following Elroy Air's recent announcement of its planned public listing and continued commercial momentum. Kratos is the exclusive U.S. manufacturer of the Chaparral aircraft and will fulfill all U.S. customer orders, with the first production aircraft planned for late 2026. Recent expansion of Kratos' Sacramento manufacturing operations provides the production capacity necessary to support anticipated increases in aircraft deliveries.

Located within driving distance of Elroy Air's headquarters, the expanded Sacramento facility strengthens collaboration between the two companies while increasing manufacturing capacity for one of the industry's most advanced autonomous cargo aircraft. The expansion will drive additional hiring across aircraft technicians, composite manufacturing specialists, assemblers, engineers, production operations, quality assurance, and program management positions, bringing Kratos' Sacramento-area workforce to more than 500 employees.

Steve Fendley, President of Kratos’ Unmanned Systems Division, said, “At Kratos, we have built our business around rapidly transitioning advanced unmanned aircraft from development into affordable, scalable production. Chaparral represents another example of Kratos leveraging its proven manufacturing capability, established supply chain, and experienced workforce to help bring an innovative aircraft into production at scale. As demand continues to build, our expanding Sacramento facility is well positioned to support both commercial and defense customers while creating additional high-value aerospace jobs in California.”

Dr. Andrew Clare, CEO of Elroy Air, said, “Demand for Chaparral is accelerating across defense, rapid response and commercial logistics and meeting it requires manufacturing at scale. Partnering with Kratos lets us build American-made autonomous cargo drones right here in California, at the pace our customers need.”

Elroy Air recently announced a demand pipeline exceeding 1,400 aircraft representing more than $5 billion in potential revenue opportunities from leading logistics and aviation companies, including Bristow Group, Barq Group, SLI, and FedEx. The company has also supported defense programs with the U.S. Army, U.S. Marine Corps, and U.S. Air Force for more than six years, demonstrating the growing dual-use market opportunity for the Chaparral platform. The company also recently announced plans to become a publicly traded company, positioning it to accelerate commercial-scale production.

Kratos continues to expand its national manufacturing footprint to meet increasing demand for affordable, mission-ready unmanned systems supporting U.S. and allied defense priorities, while enabling the production of innovative dual-use technologies serving both commercial and government customers.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com and follow Kratos on LinkedIn and X.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 28, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Claire Cantrell
[email protected]

Kratos Investor Information:
877-934-4687
[email protected]

In 1982, the U.S. Securities and Exchange Commission (SEC) adopted Rule 10b-18, providing companies with a safe harbor for qualifying share repurchases. Since then, publicly traded companies have been repurchasing their own shares in order to consolidate ownership and boost earnings per share (EPS). But for some firms, the timing of their stock buybacks indicates that management views the current share price as undervalued.

This year, companies are on a record-setting pace.

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According to Bloomberg, during the first four months of 2026, S&P 500 companies announced plans to repurchase $665 billion worth of shares, the highest total ever recorded in that same timeframe. And, based on historical rates, analysts now forecast authorized repurchases to reach $1.55 trillion for the full year.

Participating in that shopping spree are three companies that have recently announced a collective $24.5 billion in new, replenished, or increased share repurchase plans.

Dollar Tree: $2.5 Billion Buyback Adds Fuel to TurnaroundDollar Tree Today

$125.94 0.00 (0.00%)

As of 07/17/2026 04:00 PM Eastern

52-Week Range$84.71▼

$142.40P/E Ratio19.68

Price Target$122.68

On July 2, the board of directors for Dollar Tree NASDAQ: DLTR replenished its share repurchase authorization to the tune of $2.5 billion.

The board approved the authorization the previous day, and the amount represented approximately 10.7% of the company’s more than 192 million shares outstanding at the time

Although Dollar Tree’s current authorization doesn’t have an expiration date, the company had already been active in the market, repurchasing $500 million of stock in June under its previous authorization.

When the calendar turned to July, shares were down 5.13% year to date (YTD), presenting an opportunity as the stock’s momentum had recently shifted.

Since its YTD low of $86.80 on May 13, DLTR has gained nearly 48% and now trades around 10% lower than its 52-week high of $142.40. The current rally can be partly attributed to July 8 upgrades from Raymond James (Outperform rating) and Goldman Sachs (from Sell to Neutral), as well as upwardly revised full-year guidance, with forecasted EPS increasing to a range of $6.70 to $7.10.

With a low-volatility beta of 0.65, a TradeSmith financial health indicator that has been green for about a month, and more than 97% institutional ownership, the discount retailer’s buyback aligns with Wall Street’s improving sentiment. After posting EPS beats for five consecutive quarters and six out of the last seven, Dollar Tree is expected to report Q2 earnings on Sept. 2.

Morgan Stanley: $20 Billion Buyback Reinforces Earnings MomentumMorgan Stanley Today

MS

Morgan Stanley

$215.27 -0.23 (-0.11%)

As of 07/17/2026 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$136.17▼

$232.25Dividend Yield1.86%

P/E Ratio17.40

Price Target$220.80

Ahead of its record-breaking Q2 earnings report on July 15, Morgan Stanley NYSE: MS reauthorized a massive $20 billion buyback—good for 5.6% of its shares outstanding—on June 24.

The company’s current multi-year repurchase authorization doesn’t have an expiration date, and shares have ticked up slightly since the most recent buyback.

Q2 marks the second consecutive quarter the investment bank announced all-time high EPS and revenue, with the firm attributing its recent success to a 69% year-over-year jump in equity trading, an increase in investment banking deals and hitting a $10 trillion milestone in total client assets under management, including a record $148 billion in net new assets.

In Q2, the company spent $1.5 billion on its own shares, and since its YTD low on March 12, shares are up nearly 48%. The stock carries a consensus Moderate Buy rating, while current short interest is just 1.12% of the float.

Accenture: $2 Billion Bet That Its Stock Is UndervaluedAccenture Today

$143.56 -0.01 (-0.01%)

As of 07/17/2026 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$118.15▼

$291.09Dividend Yield4.54%

P/E Ratio11.47

Price Target$192.96

On June 23, global professional services and consulting firm Accenture NYSE: ACN announced a $2 billion increase to its fiscal 2026 share repurchase program that accounts for 2.4% of its shares outstanding.

From management’s perspective, the authorization comes at an opportune time: Shares of ACN are down around 46% YTD, and nearly 53% off of their 52-week high.

That $2 billion repurchase plan was an increase that brought its 2026 authorization to $7.5 billion.

The company has until Aug. 31 to exhaust those funds, with CEO Julie Sweet saying that “Accenture is at the center of AI-driven reinvention, and we do not believe our current share price reflects that position or the strength of our business fundamentals.”

Still, the firm faces an uphill battle in getting its stock near its 52-week high. In Accenture’s Q3, revenue growth slowed to 5.59%, with operating cash flow regressing to a quarter-over-quarter loss of 0.82%.

Meanwhile, the company’s financial health, according to TradeSmith, has been in the red for more than five months. But the stock’s consensus price target suggests around 33% potential upside from current prices. Over the past year, institutional inflows of more than $25 billion (compared to $13.25 billion in outflows) demonstrate that the smart money also sees a buy-low opportunity.

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Key Takeaways:

Parsons was awarded a $33 million contract to deploy its iNET® smart mobility system statewide to support design, development, integration, testing, operations, and maintenance for NYSDOT’s Transportation Systems Management and Operations (TSMO) software system.The award continues Parsons’ success in winning statewide advanced traffic management system deployments.Leveraging Parsons’ infrastructure market knowledge and technology solutions, the company delivers advanced digital solutions like iNET® to global customers. CHANTILLY, Va., July 20, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the New York State Department of Transportation (NYSDOT) to deliver the NYSDOT Statewide TSMO Software System. The $33 million contract includes an enterprise-level deployment of iNET®, Parsons’ intelligent transportation software (ITS) platform, as well as system design, software development, integration, testing, and operations and maintenance services.

This award represents new work for Parsons and establishes another major statewide anchor, joining Georgia and New Jersey, and builds on district-level advanced traffic management system deployments the company previously delivered in New York.

“The modernization of New York’s transportation systems management operations program reflects a forward-looking investment that will enhance agencies’ abilities to operate safer, smarter, and more resilient transportation networks for their citizens,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “Parsons brings deep advanced traffic management system experience, proven software, and a regional team that understands New York’s transportation priorities. We are proud to support NYSDOT as it advances a unified platform for real-time operations across the state.”

Under the contract, Parsons will provide a fully integrated freeway and arterial advanced traffic management system across NYSDOT’s 11 districts. The platform will help NYSDOT enhance overall transportation system efficiency by centralizing operations into a single statewide view, strengthening coordination across districts, and supporting the agency’s long-term TSMO strategy. In addition, the scope includes replacing central processing unit cards for more than 6,000 traffic signal controllers statewide. This program will help the agency improve how it manages transportation systems and delivers reliable mobility for the New York public.

Parsons has more than half a century of experience designing, delivering, protecting, and connecting the infrastructure that links communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. The company’s ATMS and ITS solutions have been deployed more than 100 times around the world, connecting thousands of devices and traffic signals to monitor, manage, and improve road safety and efficiency. Leveraging digital solutions like ATMS, ITS, as well as digital twins and artificial intelligence, Parsons delivers future-ready solutions that help extend the longevity of infrastructure while elevating the quality of life for the people who rely on that infrastructure every day.

To learn more about iNET®, visit www.parsons.com/products/inet/.

About Parsons:
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Forward-Looking Statements:
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.

Media Contact:
Bernadette Miller
+1 980.253.9781
[email protected]

Investor Relations Contact:
Dave Spille
+1 703.775.6191
[email protected]

I keep hitting the “Buy” button on Credo Technology Group (NASDAQ:CRDO | CRDO Price Prediction) because I have not found another pure-play way to own the wiring of the AI data center at this scale. Every rack of GPUs a hyperscaler stands up needs high-speed connectivity that does not drop links, does not burn extra watts, and does not require the whole cluster to be babysat. Credo sells exactly that, and the fiscal 2026 numbers tell me the buyers are ordering with both hands.

The Thesis in Plain English Credo makes Active Electrical Cables, retimers, optical DSPs, SerDes chiplets and memory connectivity for AI clusters, supporting port speeds up to 1.6 terabits per second. Fabless, vertically integrated and now printing hyperscaler-grade margins.

CEO Bill Brennan put it cleanly on the Q4 call: “Fiscal 2026 marked another defining year for Credo. For the year, revenue more than tripled to $1.3 billion, and non-GAAP net income increased more than five times to $662 million.” That is the catalyst itself, already in motion.

Three Reasons the Conviction Holds First, the growth is real and compounding. Q4 FY2026 revenue landed at $437.00M, up 157.0% YoY, and full-year revenue came in at $1.335 billion, up 205.7% YoY. Credo has beaten EPS estimates in four consecutive quarters, with the most recent beat at 12.17%.

Second, the margin profile. Non-GAAP gross margin in Q4 was 68.3%, non-GAAP operating margin hit 49.6%, and net income margin reached 51.9%. Operating income grew 361.2% YoY on 157% revenue growth. That is operating leverage most semiconductor investors dream about.

Third, the balance sheet. Cash sits at $1.165 billion against total liabilities of $232.01M and equity of $2.064 billion. No debt overhang forcing a bad decision at a bad time.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Credo Technology Group didn't make the cut. Grab the names FREE today.

Why Not the Obvious Names The instinct is to reach for Broadcom (NASDAQ:AVGO), Marvell Technology (NASDAQ:MRVL) or Astera Labs (NASDAQ:ALAB). I own AI silicon through other slots, and none deliver Credo’s specific mix: Quarterly revenue growth of 157% year over year while operating margin ran 35.7% trailing 12 months on a share count barely over 186 million.

Broadcom is fine, but AI networking is one slice of a giant conglomerate. Marvell’s growth rate does not sit in the same neighborhood. Astera plays an adjacent lane, but Credo’s AEC franchise, where Brennan says “AECs are up to 1,000 times more reliable and consume half the power” versus optical, gives it a moat I can point to.

The Risk I Actually Watch Insider selling has been heavy. The CTO disposed of roughly 300,000+ shares across the April to July window, and executives were selling into the recovery, not just at the highs. Customer concentration is real: the top three customers were 35%, 33% and 20% of revenue in Q1. RSU-driven selling against $662 million in annual non-GAAP net income reads as routine diversification at a rapidly compounding company, and a fourth hyperscaler is already ramping toward material contribution.

What Keeps the Buy Button Active Q1 FY2027 guidance calls for revenue of $465 million to $475 million, sequentially higher again. Analysts are bullish with 17 Buy ratings versus one hold rating and a target of $269.81. Forward P/E of 41 is not cheap, but on this growth curve I will pay it.

As long as hyperscalers keep building clusters and Credo keeps beating its own guide, my order tickets stay open.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Credo Technology Group didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

A pump jack operates near a gas turbine power plant in the Permian Basin oil field outside of Odessa, Texas, U.S. February 18, 2025. REUTERS/Eli Hartman/File Photo Purchase Licensing Rights, opens new tab

CompaniesJuly 20 (Reuters) - Magnolia Oil & Gas (MGY.N), opens new tab said on Monday it had agreed to acquire WildFire ​Energy for about $4.06 billion, including debt, to expand its position in ‌the Giddings field in South Texas.

The deal includes about 810,000 net acres in Giddings, more than doubling Magnolia's position there to over 1.25 million net acres, strengthening its position ​across the Austin Chalk, Eagle Ford and Woodbine formations.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

The acquisition also ​includes a sand mine that supplies about 80% of Magnolia's ⁠annual sand needs, along with more than 500 miles of gas gathering ​pipelines.

Shale producers are pursuing consolidation in core operating areas to secure long-life drilling ​inventory, lower development costs and support shareholder returns, even as the pace of industry megamergers has slowed.

The company said the larger, contiguous acreage position is expected to generate more than $100 ​million in annual cost savings and operational synergies.

"WildFire is not only a ​hand-in-glove fit for Magnolia, but it also offers unmatched benefits while meeting several important characteristics ‌we ⁠look for — focused, high-quality assets with concentrated scale, a low capital reinvestment rate providing moderate production growth, high operating margins, and steady free cash flow," Magnolia CEO Chris Stavros said.

Stavros added that these qualities would allow Magnolia to ​deliver consistent and ​significant shareholder returns.

Under ⁠the agreement, WildFire owners will receive 32.2 million Magnolia Class A shares, while Magnolia will assume $600 million of WildFire ​notes due in 2029.

Magnolia also raised its quarterly dividend by ​9% ⁠to 18 cents per share, citing confidence in the acquired assets' ability to generate higher free cash flow.

Separately, Magnolia said second-quarter production averaged 106,100 barrels of oil ⁠equivalent ​per day and raised its standalone 2026 production ​growth forecast to 6% from 5%.

The deal is expected to close late in the third quarter ​of 2026.

Reporting by Pranav Mathur in Bengaluru; Editing by Anil D'Silva and Shreya Biswas

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Posted by Defense World Staff on Jul 20th, 2026

Greenwood Gearhart LLC cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 198,296 shares of the transportation company’s stock after selling 3,543 shares during the period. J.B. Hunt Transport Services accounts for about 2.3% of Greenwood Gearhart LLC’s portfolio, making the stock its 17th largest holding. Greenwood Gearhart LLC owned approximately 0.21% of J.B. Hunt Transport Services worth $42,019,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in JBHT. CYBER HORNET ETFs LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter valued at $31,000. International Assets Investment Management LLC purchased a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth $32,000. MUFG Securities EMEA plc purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth $34,000. Whittier Trust Co. increased its position in shares of J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after purchasing an additional 50 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In Several analysts recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a “hold” rating in a report on Monday, July 13th. TD Cowen increased their target price on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a research note on Thursday. Argus set a $285.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, April 20th. Benchmark boosted their price target on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Stephens upped their price objective on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

Get Our Latest Research Report on J.B. Hunt Transport Services

Key Headlines Impacting J.B. Hunt Transport Services Here are the key news stories impacting J.B. Hunt Transport Services this week:

Positive Sentiment: JBHT was added to Zacks’ “Strong Buy” momentum list, signaling improving technical and fundamental momentum. Best Momentum Stocks to Buy for July 17th Positive Sentiment: Analysts raised price targets after the earnings beat, including JPMorgan, Robert W. Baird, Barclays, Citigroup, and TD Cowen, reflecting confidence in the recovery and margin improvement. Positive Sentiment: Reports highlighted shrinking trucking capacity and a shift toward intermodal freight, which could support stronger pricing and volume trends for JBHT. J.B. Hunt Stock Could Reach $340 as Trucking Capacity Shrinks Positive Sentiment: JBHT was also featured on relative-strength and momentum screens, indicating that investors see it as one of the stronger names in a choppy market. 5 Top Stocks With Relative Price Strength to Buy Right Now Neutral Sentiment: One Zacks article cautioned that while earnings growth and estimate revisions support the rally, the stock’s premium valuation means investors should remain selective. Is JBHT Stock too Expensive or Still Attractive After Its Rally? Neutral Sentiment: Analysts’ consensus remains constructive, with coverage still centered around a “Moderate Buy” view. Insider Activity In related news, EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total value of $516,400.00. Following the completion of the transaction, the executive vice president owned 4,604 shares in the company, valued at $1,188,752.80. The trade was a 30.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley W. Hicks sold 7,644 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the transaction, the insider owned 23,982 shares of the company’s stock, valued at $6,281,125.62. This trade represents a 24.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 18,119 shares of company stock valued at $4,736,095. 2.50% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Stock Performance NASDAQ:JBHT opened at $291.41 on Monday. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $299.76. The firm has a market cap of $27.48 billion, a PE ratio of 41.28, a price-to-earnings-growth ratio of 1.87 and a beta of 1.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $274.31 and a 200 day moving average price of $238.54.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.20. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.J.B. Hunt Transport Services’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 EPS. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.6 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.

J.B. Hunt Transport Services Profile (Free Report)

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.

Further Reading Five stocks we like better than J.B. Hunt Transport Services Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks

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« PREVIOUS HEADLINEBank of New York Mellon Corp Has $136.53 Million Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

LXP Industrial Trust shareholders to receive $61.20 per share in cash

Purchase price represents a 12.3% premium to the 30-day VWAP and a 19.8% premium to the 90-day VWAP

NEW YORK and TORONTO and WEST PALM BEACH, Fla., July 20, 2026 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”), together with Canada Pension Plan Investment Board (“CPP Investments”), and LXP Industrial Trust (NYSE: LXP) (“LXP” or the “Company”), today announced that they have entered into a definitive merger agreement under which Brookfield and CPP Investments (collectively, “Buyer”) will acquire LXP in an all-cash transaction valued at approximately $5.2 billion, including net debt and preferred equity.

LXP owns one of the largest portfolios of modern warehouse and logistics facilities in the United States, comprising approximately 53 million square feet across 108 properties in attractive industrial markets in the Sunbelt and Midwest. The portfolio is characterized by modern assets, strong occupancy and long-duration leases that generate durable cash flows and is well positioned to benefit from the demand for high-quality, well-located logistics properties.

Thomas W. Eglin, Jr., Chairman and Chief Executive Officer of LXP, said “This transaction is the culmination of the LXP team’s successful execution of our strategic plan to transform LXP into a pure-play industrial REIT, curate a best-in-class portfolio, and implement our development program. The LXP Board unanimously determined that this transaction with Brookfield and CPP Investments fully maximizes value for our shareholders.”

“LXP has assembled a high-quality industrial portfolio with modern logistics assets in attractive markets,” said Lowell Baron, Chief Executive Officer of Brookfield Real Estate. “The acquisition aligns with our strategy of investing in high-quality real estate with durable cash flows and opportunities to create value through active asset management. We’re excited to partner with CPP Investments and build on LXP’s strong foundation.”

“The industrial sector, particularly in the U.S., continues to offer attractive long-term investment opportunities, supported by structural demand drivers including domestic manufacturing, evolving global supply chains and population growth across key Sunbelt markets,” said Sophie van Oosterom, Managing Director, Head of Real Estate at CPP Investments. “We look forward to partnering with Brookfield and combining their operating expertise with a well-positioned portfolio to generate sustainable investment returns for the CPP Fund in the interests of CPP contributors and beneficiaries.”

Under the terms of the definitive merger agreement, LXP shareholders will receive $61.20 per share in cash, which represents a 12.3% premium to LXP’s 30-day volume weighted average price (“VWAP”) and 19.8% premium to LXP’s 90-day VWAP, in each case for the period ended July 17, 2026.

Transaction Details

The transaction has been unanimously approved by LXP’s Board of Trustees and is expected to close in the fourth quarter of 2026, subject to approval by LXP’s shareholders and satisfaction of other customary closing conditions. The transaction is not subject to a financing condition.

The definitive agreement includes a 40-day “go-shop” period expiring at 11:59 p.m. New York City time on August 28, 2026, during which time LXP, with the assistance of its advisors, may actively solicit and consider alternative acquisition proposals and engage in discussions with third parties. Subject to the terms and conditions of the definitive agreement, including notice and negotiation rights in favor of Buyer, LXP may terminate the transaction and the definitive agreement to enter into a transaction that constitutes a superior proposal, subject to the payment of a termination fee.

There can be no assurance that the solicitation process will result in a superior proposal or that any other transaction will be approved or completed. LXP does not intend to disclose developments with respect to this solicitation process unless and until its Board determines such disclosure is appropriate or otherwise required.

Under the terms of the definitive merger agreement, LXP has agreed to suspend payment of common share dividends until the earlier of the closing of the transaction or the termination of the definitive agreement.

Subject to and upon completion of the transaction, LXP’s shares will no longer trade on the New York Stock Exchange and LXP will become a privately-held company.

LXP’s Second Quarter 2026 Results

LXP intends to release its second quarter 2026 financial results as scheduled on July 29, 2026. In light of the pending transaction, LXP does not intend to continue hosting conference calls or webcasts to discuss its quarterly financial results.

Advisors

BofA Securities, Inc. is acting as lead financial advisor, J.P. Morgan Securities LLC is acting as co-financial advisor and Hogan Lovells Cadwalader US LLP is serving as legal advisor to LXP.

Citigroup Global Markets Inc. and Morgan Stanley & Co. LLP are serving as financial advisors and Gibson, Dunn & Crutcher LLP and Thompson Hine LLP are serving as legal advisors to Brookfield and CPP Investments, with DLA Piper LLP serving as legal advisor to CPP Investments in connection with certain aspects of the transaction. Dechert LLP is acting as legal advisor to Citigroup Global Markets Inc. and Morgan Stanley & Co LLP.

About Brookfield Asset Management
Brookfield Asset Management Ltd. (NYSE, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.

For more information, please visit our website at www.bam.brookfield.com.

About CPP Investments
Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Canada Pension Plan Fund in the best interests of the more than 22 million contributors and beneficiaries. In order to build diversified portfolios of assets, we make investments around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan at arm’s length from governments. At March 31, 2026, the Fund totaled $793.3 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Instagram or on X @CPPInvestments.

About LXP Industrial Trust

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in 12 target markets across the Sunbelt and Midwest. LXP seeks to expand its warehouse and distribution portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions. For more information, please visit LXP’s website at www.lxp.com.

Additional Information and Where to Find It

In connection with the proposed transaction, the Company intends to file with the Securities and Exchange Commission (“SEC”) a proxy statement on Schedule 14A. Promptly after filing its definitive proxy statement with the SEC (if and when it becomes available), the Company will mail the definitive proxy statement and a proxy card to each shareholder entitled to vote at the special meeting relating to the proposed transaction. This communication is not a substitute for the proxy statement or any other document which the Company may file with the SEC. INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE PROPOSED TRANSACTION THAT THE COMPANY FILES WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The proposals for consideration by the Company’s shareholders regarding the proposed transaction will be made solely through the proxy statement. The definitive proxy statement, the preliminary proxy statement and any other documents filed by the Company with the SEC (when available) may be obtained free of charge at the SEC’s website at www.sec.gov or by accessing the Investor Relations section of the Company’s website at www.lxp.com or by contacting the Company’s Investor Relations team by email at [email protected].

Participants in the Solicitation

This communication does not constitute a solicitation of a proxy, an offer to purchase or a solicitation of an offer to sell any securities. The Company and certain of its trustees and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s shareholders with respect to the proposed transaction. Information about the Company’s trustees and executive officers and their ownership of the Company’s securities is set forth in the Company’s definitive proxy statement on Schedule 14A for its 2026 annual meeting of shareholders, filed with the SEC on April 3, 2026, and subsequent documents filed with the SEC. Additional information regarding the identity of participants in the solicitation of proxies, and a description of their direct or indirect interests in the proposed transaction, by security holdings or otherwise, will be set forth in the definitive proxy statement and other materials to be filed with the SEC in connection with the proposed transaction when they become available. Free copies of these documents may be obtained as described in the preceding paragraph.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements contained herein, other than historical fact, regarding the proposed transaction, including any statements regarding the expected timetable for completing the proposed transaction and benefits of the proposed transaction, and any other statements regarding the Company’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical, may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provided by the same. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties. No forward-looking statement is intended to, nor shall it, serve as a guarantee of future performance. You can identify the forward-looking statements by the use of words such as “may,” “will,” “would,” “could,” “should,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” "seek," "endeavor," and other similar terms and phrases. Forward-looking statements are subject to various risks and uncertainties and factors that could cause actual results to differ materially from the Company’s expectations, and you should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company’s control and could materially affect the Company’s results of operations, financial condition, cash flows, performance or future achievements or events. Some of the factors that may affect outcomes and results include, but are not limited to: (i) risks associated with the Company’s ability to obtain the shareholder approval required to consummate the proposed transaction and the timing of the closing of the proposed transaction, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all or that the closing of the proposed transaction would not occur, (ii) the outcome of any legal proceedings that may be instituted against the parties and others related to the merger agreement and the costs related to such proceedings, (iii) the risk that shareholder litigation or other proceedings in connection with the proposed transaction may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability, (iv) unanticipated difficulties or expenditures relating to the proposed transaction, the response of the Company’s tenants, business partners and competitors to the announcement of the proposed transaction, potential difficulties with the Company’s ability to retain and hire key personnel and maintain its business relationships, including those with tenants and other third parties, as a result of the proposed transaction, and/or potential difficulties in employee retention as a result of the announcement and pendency of the proposed transaction, (v) changes affecting the real estate industry and changes in market and economic conditions, including tariffs, geopolitical tensions and elevated inflation and interest rates that may adversely impact the Company or its tenants, (vi) increased or unanticipated competition in the real estate market, (vii) the uncertainties of real estate development, acquisition and disposition activity, (viii) maintenance of real estate investment trust status, (ix) fluctuations in interest rates and the costs and availability of financing, (x) dependence on tenants’ financial condition, (xi) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the merger agreement, (xii) the ability to recognize the anticipated benefits of the proposed transaction and (xiii) the risk that the Company’s stock price may decline significantly if the proposed transaction is not consummated. Additional factors include those described under the section entitled Item 1A. “Risk Factors” of Part I of the Company’s 2025 Annual Report on Form 10-K, as filed with the SEC on February 12, 2026, a copy of which is available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Contacts

Brookfield Contact

Laura Montross
Communications
508-769-5942
[email protected]

CPP Investments Contact

Frank Switzer
Public Affairs & Communications
416-523-8039
[email protected]

LXP Contact

Investors
Heather Gentry
212-692-7219
[email protected]

Media
Andrew Siegel/Lucas Pers
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

CEO of Hut 8, Board member of American Bitcoin, Asher Genoot, speaks during Bitcoin Asia conference, in Hong Kong, China, August 28, 2025. REUTERS/Tyrone Siu/File Photo Purchase Licensing Rights, opens new tab

July 20 (Reuters) - Hut 8 (HUT.O), opens new tab, a crypto-mining turned AI data center company, said on Monday it has signed a second ​15-year lease worth $9.8 billion with an existing investment-grade customer, fully commercializing ‌its 1-gigawatt Beacon Point campus in Texas.

Shares of the company, which have nearly doubled this year, rose about 5% in premarket trading.

Learn about the latest breakthroughs in AI and tech with the Reuters Artificial Intelligencer newsletter. Sign up here.

Like several former bitcoin miners, Hut ​8 has pivoted toward AI infrastructure, seeking to leverage power assets ​and data center expertise developed during the cryptocurrency boom to ⁠serve AI customers.

Demand for compute infrastructure has accelerated since the launch of ​generative AI services, prompting technology companies to commit hundreds of billions of ​dollars toward data centers packed with advanced chips from Nvidia (NVDA.O), opens new tab and others.

The rush has shifted competition beyond semiconductors to power, transmission access and construction-ready sites, making electricity availability one ​of the industry's biggest constraints.

The new agreement covers 352 megawatts of ​IT capacity and doubles the unnamed tenant's total contracted footprint at the site to 704 ‌MW. ⁠Hut 8 said the campus now has a base-term contract value of $19.6 billion over 15 years, rising to as much as $50.2 billion if renewal options are exercised.

Total contracted AI data center capacity across Hut 8's portfolio ​has increased to 949 ​MW, backed ⁠by 1,330 MW of utility capacity, with aggregate base-term contract value reaching $26.6 billion, according to the company. All of ​the contracted capacity is leased to, or backed by, ​investment-grade counterparties.

Hut ⁠8 said it redesigned the first data hall at Beacon Point around Nvidia's architecture, increasing capacity by 57% within the same land and utility footprint. ⁠The ​existing tenant subsequently doubled its contracted capacity at ​the campus.

Hut 8 expects to begin delivering the first Phase 2 data hall in the ​second quarter of 2028.

Reporting by Akash Sriram in Bengaluru; Editing by Jonathan Ananda

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Barbara Humpton to retire and Thras Moraitis to become CEO, both effective October 1, 2026

Michael Blitzer elected Executive Chairman, effective immediately

STILLWATER, Okla., July 20, 2026 (GLOBE NEWSWIRE) -- USA Rare Earth, Inc. (Nasdaq: USAR) (“USAR”, “USA Rare Earth”, or the “Company”), announced today that Barbara Humpton will retire as Chief Executive Officer and Board Director on October 1, 2026. USAR’s Board of Directors has named Thras Moraitis, current CEO of the Serra Verde Group (“Serra Verde”) and a highly experienced operator in the rare earths industry, as Ms. Humpton’s successor. Mr. Moraitis will assume the CEO role on October 1, 2026, following the anticipated completion of USAR’s combination with Serra Verde by the end of August. During the interim period, Mr. Moraitis will continue to oversee the combined company’s operations as President.

Michael Blitzer, current Chairman of USAR's Board and significant shareholder in the Company, has been elected Executive Chairman, effective immediately. Since its public listing, he has played a central role in setting USAR’s strategic direction, anchoring its vision to build a global mine-to-magnet value chain and identifying organic and inorganic growth opportunities. He also helped lead USAR’s efforts to obtain U.S. government financing, including by personally agreeing to restrictions on the transfer of his USAR common stock until certain strategic funding release milestones under the government financing are satisfied.

Ms. Humpton has been instrumental in steering USAR’s mine-to-magnet strategy, overseeing company milestones that have fundamentally transformed the Western critical minerals landscape. Under her leadership, USAR secured landmark public-private partnerships and established a global footprint spanning critical processing, metals, and magnet capabilities. She has also helped establish a culture that attracts the best and brightest minds across the sector.

Mr. Moraitis has served as Chief Executive Officer of Serra Verde since January 2023 and has an unparalleled track record of operational execution, strategic development and transaction leadership in the rare earths sector. Over his tenure, Serra Verde transformed into the only large-scale producer of the four critical magnetic rare earths outside of Asia and a pioneer of the Brazilian rare earths sector. In April 2026, Serra Verde entered into a definitive agreement to combine with USAR, creating a platform to support the first fully integrated, Western mine-to-magnet supply chain. Prior to Serra Verde, Mr. Moraitis served on the Executive Committee of Xstrata, led by CEO Sir Mick Davis, where he and the team grew Xstrata into a US$65B company, ultimately selling it to Glencore in 2013.

”On behalf of the Board of Directors, I want to thank Barbara for her leadership and contributions to USA Rare Earth – including securing landmark public-private agreements, advancing our global mine-to-magnet strategy and building an exceptional portfolio of industry leading assets,” said Michael Blitzer, Executive Chairman of USA Rare Earth’s Board of Directors. “With the Serra Verde combination nearing completion and our overall focus shifting to execution, Barbara and the Board agree this is the right time for a leadership transition. Thras is among a rare group of leaders in this industry, with a proven record of carrying companies through integration and large-scale project execution, honed over his many years helping build Xstrata. He knows what it takes to build an industry champion, and his relentless focus on operational excellence will be invaluable as we ramp to full production and scale. We are confident Thras is the right leader to guide USAR through this pivotal next chapter and deliver lasting value for all our stakeholders."

“When I joined USAR, I said this work was about being part of a mission that matters: strengthening national security, advancing American industrial competitiveness and building the critical supply chains required for the future,” said Ms. Humpton. “With the close of the Serra Verde transaction approaching and focus shifting to execution, the Board and I agree this is the right time to pass the torch to Thras. I could not be more grateful to the USAR team for what we have built, and the Board and our partners for their collaboration and commitment to those efforts. I look forward to supporting Thras and the team, and watching them execute on the transformative work that lies ahead.”

Mr. Moraitis concluded, “I am honored and excited to take on this role and grateful to Barbara for the strong foundation she has built. Over the past year, under Barbara’s leadership, the company has been transformed into a leading rare earth platform with enormous potential for growth. Through the merger integration preparation, I have become deeply familiar with USAR's operations across all steps in the value chain, its mission-critical ambitions and the importance of what it is building. Mike, the Board and I are all closely aligned in our vision for USAR: to create a platform comprising all components of the rare earth value chain, with the scale and capabilities to lead this industry globally. The rare earth industry and our customers are facing the unprecedented challenge of building secure, integrated supply chains to power the vital technologies propelling our society forward. Together, with our team and partners around the world, we will rise to this challenge.”

Additional Details About Thras Moraitis

Prior to joining Serra Verde in 2023, Mr. Moraitis served as Chief Development Officer and a member of the Executive Board of EuroChem Group AG. Mr. Moraitis was also a co-founder of X2 Resources, a US$5.6B mining investment fund. He previously served as Group Head of Strategy and Corporate Affairs and as a member of the Executive Committee of Xstrata Plc, where he was responsible for strategic development, post-acquisition integration, leadership development, external affairs and investor relations as well as Xstrata’s technology business. He has been involved in approximately 40 transactions over the course of his career and currently serves as an advisor to Vision Blue Resources. Mr. Moraitis holds an honors BSc in Electrical Engineering, a postgraduate qualification in Computer Science and an MBA.

About Michael Blitzer

Michael Blitzer is a Founder and Managing Partner of Inflection Point, the leading financial sponsor of companies at the intersection of national security, technology, and critical infrastructure. Across eight announced or closed public listings, he has led Inflection Point’s portfolio of strategically important assets, including more than US$5B of capital raised to catalyze growth across the portfolio. He has led billions of dollars in strategic M&A to scale portfolio companies into public leaders in their respective industries. As the financial sponsor and Chairman of USA Rare Earth since its 2025 public listing, Mr. Blitzer has overseen a nearly tenfold increase in market capitalization through M&A and the landmark US$1.6B public-private partnership with the United States Government.

About USA Rare Earth, Inc.

USA Rare Earth, Inc. (Nasdaq: USAR) is building a fully integrated rare earth and permanent magnet value chain across the United States, the United Kingdom, as well as plans for expansion in France and Brazil. Through its ownership of Less Common Metals (LCM), one of the world’s leading producers of rare earth metals and alloys, its magnet manufacturing capacity in Stillwater, Oklahoma, the planned acquisition of the Pela Ema mine in Brazil (subject to closing the Serra Verde Group transaction) and the Round Top deposit in Texas, USA Rare Earth operates across the entire value chain from mining to metal-making, alloy production and neodymium magnet manufacturing. USA Rare Earth is establishing a secure, Western supply of materials essential to the aerospace and defense, semiconductor, energy, data center, physical AI, mobility, healthcare and other key industrial sectors. For more information, visit www.usare.com.

Forward Looking Statements

Cautionary Note Regarding Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements regarding USAR’s expectations for future development, operations, strategies, transactions and financial performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. Words such as “anticipate,” “can,” “continue,” “could,” “growth,” “may,” “might,” “plan,” “potential,” “project,” “propose,” “should,” “target,” “vision,” “will,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

Forward-looking statements are subject to risks and uncertainties and potentially inaccurate assumptions that could cause actual results to differ materially from our expectations, including without limitation: risks that the proposed transactions with Serra Verde Group, Carester SAS and Texas Mineral Resources Corp. may not be consummated on their anticipated timelines or at all; we may not realize the anticipated benefits of our proposed and prior acquisitions, including expected synergies, financial performance, estimated earnings before interest, taxes, depreciation and amortization and, in the case of Serra Verde, integration of operations, on the anticipated timeline or at all; the ability of our magnet manufacturing facility in Stillwater, Oklahoma (the “Stillwater facility”) or other future magnet manufacturing facilities to commence commercial operations on the timing and with the production capacity anticipated or at all; our limited operating history; our ability to commercially extract minerals from the Round Top deposit in Texas on our anticipated timeline or at all; risks that we may experience delays, unforeseen expenses, increased capital costs, and other complications in operating our business; our ability to raise necessary capital on acceptable terms or at all; potential dilution to existing stockholders and adverse effect on our stock price if we issue additional common stock or equity-linked securities; the volatility of our stock price; our ability to satisfy project milestones and other conditions to disbursement under our financing arrangement with the DOC on the anticipated timeline or at all; our dependence on continued governmental support for the DOC financing transactions, which remains subject to changes in laws, regulations, administrations and appropriations; extensive affirmative and negative covenants, domestic content and national security guardrail provisions and ongoing reporting obligations in the DOC financing agreements that restrict our operational and financial flexibility; the risk that defaults under the DOC funding agreements could trigger cross-defaults across our financing arrangements; the impact of the DOC’s equity interest in us on our ability to pursue strategic transactions and on our relationships with customers, suppliers, partners and other counterparties; the availability of rare earth oxide, metal feedstock and other materials, utilities (including power and water) and equipment in quantities and prices that allow us to develop and commercially operate our Stillwater facility and other facilities; our ability to meet individual customer specifications and manufacture a consistently high quality product; fluctuations in demand for and prices of our products, including without limitation as a result of dumping, predatory pricing and other tactics by our competitors or state actors or the overall competitive environment; our ability to achieve positive cash flow or profitability or the ability to access cash flow within our corporate structure due to restrictions contained in our financing agreements; our ability to convert current commercial discussions and/or memorandums of understanding with customers for the sale of our neo magnets and other products into definitive orders; geopolitical developments or disruptions, such as changes in the political environment, export/import or environmental policy of the People’s Republic of China, the United States or other countries in which we operate or sell products or otherwise; limitations imposed on our business by the Chinese government; war, terrorism, natural disasters or public health emergencies; our ability to retain or recruit key personnel; environmental, health and safety regulations; and our ability to comply with requirements for federal, state and local government incentives and financing.
 Additional risks and detailed information regarding factors that may cause actual results to differ materially has been and will be included in our filings with the SEC. Any forward-looking statements speak only as of the date of this report (or such other date as is specified in such statements), and USAR undertakes no obligation to update any forward-looking statements as a result of new information or future events or developments, except to the extent required by law.

Additional Information and Where to Find It
In connection with our business combination with Serra Verde (the “Serra Verde Merger”), USAR filed the Preliminary Proxy Statement and, following SEC review, intends to file a definitive proxy statement (together with any amendments or supplements thereto, the “Proxy Statement”), to be distributed to USAR’s stockholders in connection with USAR’s solicitation of proxies for the vote by USAR’s stockholders with respect to the issuance of USAR common stock as merger consideration and other matters described in the Proxy Statement. SVRE’s shareholders approved the merger by written consent which was delivered concurrently with the signing of the merger agreement and will not receive a proxy statement or prospectus. USAR also plans to file with or furnish to the SEC other relevant documents regarding the Serra Verde Merger. After SEC review of the preliminary proxy statement is completed, the definitive Proxy Statement will be mailed to stockholders of USAR. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ALL OTHER RELEVANT DOCUMENTS THAT ARE OR WILL BE FILED WITH OR FURNISHED TO THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER AND RELATED MATTERS.

Investors and security holders will be able to obtain free copies of the Proxy Statement and other documents containing important information about USAR and the Serra Verde Merger, once such documents are filed with or furnished to the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with or furnished to the SEC by USAR will be available free of charge on USAR’s website at investors.usare.com or by contacting USAR’s Investor Relations department by email at [email protected]. The information included on, or accessible through, USAR’s website is not incorporated by reference into this communication.

Participants in the Solicitation

USAR and certain of its directors and executive officers and other members of its management and employees may be deemed to be participants in the solicitation of proxies in respect of the Serra Verde Merger.

Information about the directors and executive officers of USAR, including a description of their direct or indirect interests, by security holdings or otherwise, is contained in USAR’s Preliminary Proxy Statement. Any changes in the holdings of USAR’s securities by USAR’s directors or executive officers from the amounts described in the Preliminary Proxy Statement will be reflected in Statements of Changes in Beneficial Ownership on Form 4 (“Form 4”) or Annual Statements of Changes in Beneficial Ownership of Securities on Form 5 (“Form 5”) subsequently filed with the SEC and available at the SEC’s website at www.sec.gov. Additional information regarding the interests of such participants will be contained in the Proxy Statement when available.

No Offer or Solicitation

This communication is for informational purposes only and is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval on the Serra Verde Merger or otherwise, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or pursuant to an applicable exemption therefrom.

Investor Contact
JB Lowe
Vice President, Investor Relations
USA Rare Earth, Inc.
[email protected]

Media Contact
Collected Strategies
[email protected]

Since the 2022 bear market bottomed nearly four years ago, Wall Street's historic rally has been driven by two catalysts: the evolution of artificial intelligence (AI) and the leadership of the "Magnificent Seven."

The beauty of the Magnificent Seven is that they all possess one or more sustainable competitive advantages, providing them with ample cash flow to undertake intriguing growth initiatives. This includes social media maven Meta Platforms (META 2.79%), which is among the 13 publicly traded companies on U.S. exchanges to be valued at north of $1 trillion.

But sometimes high-growth initiatives require sacrifices. Mark Zuckerberg's Meta appears set to abandon a $174 billion investment that's had a decisively positive impact on its bottom line to further its AI ambitions.

Image source: Getty Images.

Meta Platforms may be on the verge of axing this $174 billion investment Make no mistake: Meta's billionaire boss has aggressively invested in several high-growth initiatives, including the metaverse and, more recently, artificial intelligence. But it's Meta's hearty share repurchase program that's done some heavy lifting over the last decade.

Although no share buybacks were undertaken in 2016, the company has been purchasing its own stock on a regular basis ever since:

2017: $1.976 billion in full-year share buybacks 2018: $12.879 billion 2019: $4.202 billion 2020: $6.272 billion 2021: $44.537 billion 2022: $27.956 billion 2023: $19.774 billion 2024: $30.125 billion 2025: $26.248 billion

Today's Change

(

-2.79

%) $

-18.53

Current Price

$

646.01

Collectively, Meta Platforms has spent approximately $174 billion to retire nearly 12.7% of its outstanding shares. For companies with steady or growing net income, such as Meta, a steadily declining share count can result in higher earnings per share over time. In other words, share repurchases have made Meta's stock more attractive to value-seeking investors.

But with the company increasing its forecast for AI-related capital expenditures (capex), it hasn't repurchased shares since the third quarter of 2025. Furthermore, reports have suggested that Meta is weighing the option of issuing equity and undoing some of its share buybacks to fund its AI infrastructure build-out.

Image source: Getty Images.

History offers a tale of promise and peril for Meta Historically speaking, Meta's all-in approach with artificial intelligence isn't without risks. Every game-changing technology for more than three decades has endured an early stage bubble-bursting event. Meta shareholders are especially aware of this historical correlation, given the company's poor performance in 2022 after the metaverse bubble burst.

The puzzle pieces for an AI bubble are firmly in place. If history were to rhyme and the AI bubble bursts, Meta Platforms' stock would likely be weighed down, at least over the short term.

Big Tech CapEx has reached unprecedented levels:

The combined CapEx of Amazon, $AMZN, Google, $GOOG, Meta, $META, and Microsoft, $MSFT, is expected to surge +98% YoY, to a record $715 billion in 2026.

This is nearly 3 TIMES the amount spent in 2024 and more than 5 TIMES 2023... pic.twitter.com/L29Dx8JaAi

-- The Kobeissi Letter (@KobeissiLetter) May 2, 2026 At the same time, Meta is one of the few companies enjoying immediate benefits from the integration of AI solutions. Incorporating generative AI into its advertising platforms has enabled Meta's clients to tailor static and video messages to users. This can improve click-through rates and enhance Meta's already impressive ad pricing power.

Zuckerberg's company also recently unveiled plans to sell excess AI data center compute capacity. This should help ease the sting of Meta's otherworldly AI capex, especially given its sustainable competitive edge and robust cash flow tied to its social media assets.

Meta's AI investments should pay off in the long term, but the ride could be bumpy without share buybacks as an added catalyst.

The logo of AliExpress is pictured at AliExpress store, in Granada, Spain, July 22, 2024. REUTERS/Jon Nazca/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesCommission says AliExpress left counterfeit goods, unsafe toys and dangerous cosmetics online for weeksAliExpress faces October 20 deadline for remediesFurther penalty possible if remedies not sufficientAliExpress had 193 million European users last yearBRUSSELS, July 20 (Reuters) - Alibaba's (9988.HK), opens new tab AliExpress was ​hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales ‌of illegal, unsafe and counterfeit products on its platform.

The fine was the third issued by the European Commission under the EU's landmark Digital Services Act, which requires very large online platforms to do more to counter illegal and harmful content.

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The Commission charged AliExpress in June last year with failing to comply ​with a DSA requirement to assess and mitigate the risks of dissemination of illegal products.

It set an October 20 ​deadline for AliExpress to propose remedial measures, and the company could face further penalties if the regulator ⁠decides in December that they do not comply with the DSA.

"This is very dangerous for consumers, unfair for companies which are ​complying with all our rules," EU tech chief Henna Virkkunen told reporters.

She pointed to AliExpress's 193 million users in Europe last year ​versus Shein's 156 million and Temu's 130 million. Temu has also been fined under the DSA and Shein is facing an ongoing investigation.

"One in five Europeans say they shop once a month from Shein, Temu and AliExpress," Virkkunen said.

AliExpress criticised the EU fine, saying it was excessive.

"We disagree with today's decision and the ​disproportionate fine, which does not adequately reflect our established framework and the significant, proactive enhancements we have made," AliExpress said in ​an email.

"We are carefully reviewing the decision and considering all available options."

ALIEXPRESS PENALTY HIGHER THAN FINES FOR MUSK'S X AND TEMUThe Commission said that AliExpress ‌had ⁠not properly evaluated whether it had enough people to review the risks and had overestimated the effectiveness of its system in detecting and removing illegal products.

The regulator criticised the company's recommender and advertising systems for exacerbating the spread of illegal products and its reliance on one quantitative indicator to measure its moderation system to prevent the risk of illegal products appearing or reappearing in similar forms.

It said the ​failure of AliExpress to detect ​illegal products meant that illegal ⁠products ranging from counterfeit products to unsafe toys and dangerous cosmetics remained online for many weeks.

The Commission also took issue with the company's ineffective penalty policy, which resulted in penalised businesses continuing to ​sell illegal products on its platform.

It said that the mandatory AliExpress "brand authorisation" system – intended to prevent ​counterfeit sales – was ⁠ineffective and understaffed and was easily circumvented by traders selling fake products.

The regulator said the novelty of the DSA was a mitigating factor in calculating the fine, which could have been higher.

The penalty is significantly higher than the €120 million handed out to Elon Musk's social media platform ⁠X in ​December last year and the €200 million Temu was fined last May, both for ​DSA violations.

AliExpress dodged a fine, which could be as much as 6% of its global annual turnover, in June last year after agreeing to measures to tackle the ​dissemination of potentially illegal and pornographic materials on its platform.

($1 = 0.8743 euros)

Reporting by Foo Yun Chee Editing by Joe Bavier and David Goodman

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An agenda-setting and market-moving journalist, Foo Yun Chee is a 21-year veteran at Reuters. Her stories on high profile mergers have pushed up the European telecoms index, lifted companies' shares and helped investors decide on their next move. Her knowledge and experience of European antitrust laws and developments helped her break stories on Microsoft, Google, Amazon, Meta and Apple, numerous market-moving mergers and antitrust investigations. She has previously reported on Greek politics and companies, when Greece's entry into the eurozone meant it punched above its weight on the international stage, as well as on Dutch corporate giants and the quirks of Dutch society and culture that never fail to charm readers.

Agreement includes SMBC Aviation Capital's first-ever 737-10 order 737-10 order is single largest by a lessor , /PRNewswire/ -- Boeing [NYSE: BA] and SMBC Aviation Capital today announced that the global aviation finance platform and lessor has ordered 100 737 MAX airplanes, including 60 737-10 and 40 737-8 jets.

The 737-10 order represents SMBC Aviation Capital's first purchase for the 737 MAX family's highest capacity variant. With this order, SMBC Aviation Capital increases its owned, managed and committed to portfolio for the 737 MAX family to 450 jets. 

Boeing and SMBC Aviation Capital today announced that the global aviation finance platform and lessor has ordered 100 737 MAX airplanes, including 60 737-10 and 40 737-8 jets. "This transaction represents a significant milestone for SMBC Aviation Capital and will ensure our airline customers have access to a long-term pipeline of new technology aircraft," said Peter Barrett, CEO of SMBC Aviation Capital. "Our partnership with Boeing spans over two decades and this order reflects market dynamics as our airline and investor customers look to upgauge to the 737-10. This order will support their growth ambitions well into the next decade and reflects our strong confidence in the Boeing 737 MAX and sustained demand for fuel-efficient, technologically advanced narrowbody aircraft."

The 737-10 has the best per-seat economics of any single-aisle airplane, seating up to 230 passengers with a range of 3,100 nautical miles (5,740 km). By selecting the 737-10, SMBC Aviation Capital will be able to meet strong market demand for larger single-aisle jets, diversify its asset mix and capture a new customer base.

"We are honored that the new and expanded team at SMBC continues to place its trust in Boeing and the 737 MAX family," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "This commitment, including SMBC's first 737-10 order, reflects the strong demand we are seeing for the 737 MAX family's efficiency, reliability and versatility."

As global passenger traffic is forecast to grow 4% annually over the next two decades, lessors are increasingly looking to grow and diversify their single-aisle portfolios to provide airlines with more fuel-efficient jets capable of operating across a variety of route networks. Lessors have ordered more than 1,450 737 MAX jets, representing 20% of the 737 MAX backlog.

About SMBC

SMBC Aviation Capital is the leading global aviation finance platform, servicing a fleet of 1700 aircraft with more than 170 airlines globally. Benefiting from the strong support of its shareholders Sumitomo Mitsui Financial Group and Sumitomo Corporation, SMBC Aviation Capital has a high-quality global airline customer base with an owned portfolio comprising 80% new technology aircraft (by net book value). SMBC Aviation Capital has a strong capital position and holds an A- and BBB+ rating with S&P and Fitch respectively, reflecting the long-term strength of its business. For more information, please visit: https://www.smbc.aero/

About Boeing

A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.

Contact
Boeing Media Relations
[email protected]

SOURCE Boeing

Posted by Defense World Staff on Jul 20th, 2026

California Public Employees Retirement System lowered its stake in shares of Johnson & Johnson (NYSE:JNJ – Free Report) by 19.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,994,988 shares of the company’s stock after selling 1,444,253 shares during the period. Johnson & Johnson makes up 0.9% of California Public Employees Retirement System’s portfolio, making the stock its 15th biggest position. California Public Employees Retirement System owned approximately 0.25% of Johnson & Johnson worth $1,465,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quadrant Private Wealth Management LLC boosted its position in shares of Johnson & Johnson by 0.5% during the first quarter. Quadrant Private Wealth Management LLC now owns 22,377 shares of the company’s stock worth $5,470,000 after buying an additional 109 shares during the period. Ranch Capital Advisors Inc. grew its position in shares of Johnson & Johnson by 3.7% in the 1st quarter. Ranch Capital Advisors Inc. now owns 15,940 shares of the company’s stock valued at $3,896,000 after acquiring an additional 570 shares during the period. Heartland Bank & Trust Co raised its stake in Johnson & Johnson by 70.9% in the first quarter. Heartland Bank & Trust Co now owns 15,382 shares of the company’s stock valued at $3,760,000 after buying an additional 6,381 shares during the period. Zhang Financial LLC lifted its stake in shares of Johnson & Johnson by 35.3% during the 1st quarter. Zhang Financial LLC now owns 18,324 shares of the company’s stock worth $4,479,000 after buying an additional 4,783 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its position in shares of Johnson & Johnson by 1.6% in the first quarter. Simon Quick Advisors LLC now owns 14,067 shares of the company’s stock valued at $3,439,000 after purchasing an additional 219 shares during the last quarter. 69.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Johnson & Johnson In other news, EVP Kathryn E. Wengel sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $241.15, for a total value of $2,411,500.00. Following the completion of the transaction, the executive vice president owned 114,288 shares of the company’s stock, valued at $27,560,551.20. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.16% of the company’s stock.

Johnson & Johnson Stock Performance NYSE JNJ opened at $252.93 on Monday. The firm’s fifty day moving average price is $239.82 and its two-hundred day moving average price is $234.82. The stock has a market cap of $608.86 billion, a PE ratio of 29.31, a PEG ratio of 2.39 and a beta of 0.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.03. Johnson & Johnson has a fifty-two week low of $162.78 and a fifty-two week high of $269.43.

Johnson & Johnson (NYSE:JNJ – Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.06. Johnson & Johnson had a return on equity of 32.86% and a net margin of 21.48%.The company had revenue of $25.31 billion during the quarter, compared to analysts’ expectations of $25.06 billion. During the same period in the prior year, the company earned $2.77 EPS. Johnson & Johnson’s revenue was up 6.6% compared to the same quarter last year. Johnson & Johnson has set its FY 2026 guidance at 11.600-11.750 EPS. On average, equities analysts expect that Johnson & Johnson will post 11.68 EPS for the current fiscal year.

Johnson & Johnson Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Tuesday, August 25th will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, August 25th. Johnson & Johnson’s payout ratio is 62.11%.

Analyst Upgrades and Downgrades A number of equities research analysts have recently weighed in on the company. Daiwa Securities Group lifted their target price on Johnson & Johnson from $237.00 to $246.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. boosted their price objective on shares of Johnson & Johnson from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Scotiabank reaffirmed an “outperform” rating and set a $305.00 target price on shares of Johnson & Johnson in a report on Thursday. Citigroup increased their price target on Johnson & Johnson from $285.00 to $298.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Finally, Freedom Capital upgraded Johnson & Johnson from a “hold” rating to a “strong-buy” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $265.30.

Read Our Latest Research Report on JNJ

Key Johnson & Johnson News Here are the key news stories impacting Johnson & Johnson this week:

Positive Sentiment: Johnson & Johnson beat Q2 earnings and revenue estimates, showing solid demand and execution in its core business. J&J Stock Falls Despite Strong Q2 Beat & Higher 2026 View: Here’s Why Positive Sentiment: The company raised its 2026 guidance after the report, reinforcing confidence in its growth outlook and pipeline momentum. Johnson & Johnson Raises 2026 Outlook After Q2 Earnings Beat Positive Sentiment: Guggenheim reaffirmed its Buy rating and set a $270 price target, signaling continued analyst confidence. Benzinga article on Guggenheim rating reaffirmation Positive Sentiment: Some market commentary suggests the post-earnings pullback could be an opportunity to buy JNJ on strength after a run to 52-week highs. Why Johnson and Johnson’s Earnings Dip Looks Like a Buying Opportunity Neutral Sentiment: Investors are also digesting the full Q2 earnings call transcript and several commentary pieces framing the company’s growth beyond legacy drugs and its collaboration announcements. Full Transcript: Johnson & Johnson Q2 2026 Earnings Call Negative Sentiment: Despite the earnings beat, the stock fell because MedTech results missed expectations, creating concern that one important division is lagging behind the company’s otherwise solid performance. J&J Stock Falls Despite Strong Q2 Beat & Higher 2026 View: Here’s Why About Johnson & Johnson (Free Report)

Johnson & Johnson is a multinational healthcare company headquartered in New Brunswick, New Jersey, that develops, manufactures and markets a broad range of products across pharmaceuticals, medical devices and previously consumer health. Founded in 1886 by the Johnson family, the company has grown into a global healthcare organization with operations and sales in many countries around the world.

The company’s pharmaceuticals business, organized largely under its Janssen research and development organization, focuses on prescription medicines across therapeutic areas such as immunology, infectious disease, oncology and neuroscience.

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