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Costco Wholesale Today

COST

Costco Wholesale

$940.87 0.00 (0.00%)

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

52-Week Range$844.06▼

$1,096.50Dividend Yield0.62%

P/E Ratio47.33

Price Target$1,059.07

Costco Wholesale Club Inc. NASDAQ: COST recently reported its June sales numbers, and on first glance, it appears to be another strong month of growth for the country’s premier wholesale club.

However, the stock’s milquetoast reaction shows how much of a curve the company is graded upon.

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When your multiple looks more like a tech sector growth darling than a big box retailer, ‘good’ simply isn’t good enough.

And when you dig under the surface, the latest sales numbers highlight an unnerving trend.

Strong Headline Numbers Obfuscate Underlying WeaknessCostco released its comp sales figures for June, and it's a print that many other retailers would view with envy. Net sales for the period totaled $29.24 billion, up 10.6% year-over-year (YOY) and 7.6% when removing gas and currency effects. The board also declared a $1.47-per-share dividend, payable in August with a record date of July 24. But despite these strong headline numbers, weakness is brewing under the surface.

Overall MarketRank™91st Percentile

Analyst RatingModerate Buy

Upside/Downside12.6% Upside

Short Interest LevelHealthy

Dividend StrengthStrong

News Sentiment1.02 Insider TradingSelling Shares

Proj. Earnings Growth10.15%

See Full Analysis

Gas price volatility was a major tailwind for Costco as weary consumers turned to wholesale clubs for relief at the pump. Costco typically prices its gas below retail to drive volume and get more people into its stores (also known as a loss leader). But now that gas prices are dropping again, this tailwind is evaporating, and the June sales print tells the tale. When stripping out gas and currency, the 7.6% U.S. comp number is a stark deceleration from May’s 8.7% comps ex-gas and currency. The total drop is actually even steeper; 8.8% in June versus 12.5% in May, highlighting just how much fuel prices drove the advance.

U.S. stores might be in good shape, but the international market is a growing concern. Canadian adjusted comps plummeted again from 7.6% in April to 5.6% in May to 4.9% in June, and total international adjusted comps dropped from 8.0% in May to 7.0% in June. Soft international markets could limit upside if U.S. comp sales reaccelerate, now that fighting has resumed in Iran and gas prices are once again on the upswing.

Stock Still Trades at Extreme Valuation Compared to Other RetailersCostco remains an excellent business with a loyal membership base, strong overall sales growth (net sales up 11.6% YOY as of May’s fiscal Q3 2026 report), and a hot dog-and-soda combo that still costs just $1.50. But the stock has long been priced to imply perfect execution, and when you trade at 46 times forward earnings with a Price/Earnings Growth (PEG) ratio nearly at 4.5, investors take notice of any little dent in the armor.

The retail sector trades at about 21 times earnings, which is less than half the current valuation bestowed on COST shares. While a company with sales and membership numbers like Costco's deserves an elevated multiple, trading at more than twice the industry average while overall comp sales are declining is a blazing red flag that even a FIFA referee could see.

Prominent retailers like Walmart Inc. NASDAQ: WMT and Target Inc. NYSE: TGT trade at 40 and 18 times earnings, respectively, well below Costco’s valuation. Even a direct competitor like BJ’s Wholesale Club Holdings Inc. NYSE: BJ trades at 21 times earnings and 0.55 times sales.

Here’s a way to frame the new narrative shaping retail: the market is no longer looking for premium compounders like COST (up nearly 9% year-to-date), but cheap laggards like TGT, which is up more than 40% so far in 2026.

Technical Collapse Brings Shares Down With ItCostco’s fundamentals remain strong despite the sales hit, but the troublesome technicals are appearing in full force. The stock briefly surged to a new all-time high in May following gasoline shocks induced by the Iran war, as new members flocked to stores after filling their tanks with cheap fuel. But once war hostilities faded, so did the rally in COST shares. The stock has pulled back approximately 15% from its previous all-time high, and the technical signals under the hood aren’t pointing to a rebound anytime soon.

Shares now trade below the 50-day and 200-day moving averages, and the Relative Strength Index (RSI) has been firmly in bearish territory since the end of May. The Moving Average Convergence Divergence (MACD) indicator also shows downward momentum continuing to gain strength.

For long-term investors, this is likely not the time to sell, as the company still has 92% renewal rates and the digitally enabled comps are a bright spot at 21%. But new investors are likely better served waiting for a more attractive entry point. A deceleration doesn’t mean deterioration, but a stock trading at 46 times earnings can’t afford even a brief slowdown if it wants to maintain bullish momentum.

Should You Invest $1,000 in Costco Wholesale Right Now?Before you consider Costco Wholesale, you'll want to hear this.

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Micron (MU +0.04%) has been an incredible performer this year, with the stock tripling. However, it has sold off by more than 25% in recent weeks as fears grow regarding the health of its business. While it's fair to be cautious, Micron has already told investors that there's no need to fear due to the long-term outlook.

Micron informed investors during its latest earnings call that it expects "tightness" in the memory chip market to last beyond 2027, which should ease some fears. That language, combined with the sell-off, makes Micron a great stock to buy now. If you missed out on some of its initial run-up, now could be a perfect second chance.

Image source: The Motley Fool.

The memory chip market is cyclical Investors are a bit cautious about buying too much into Micron's future because of the nature of its business. Micron is a memory chip fabricator, making NAND and DRAM. There is always demand for these products, as memory chips are important parts of every computing system, be it a data center, smartphone, or laptop. However, there isn't a ton that sets one manufacturer's memory chip apart from another's, so the market is fairly commoditized. With AI data center build-outs causing a historic spike in demand, Micron and its peers don't have the production capacity to meet it. As a result, memory chip prices have skyrocketed, making everything more expensive in the computing industry.

Micron and its peers are the primary beneficiaries of those rising memory chip prices, and this has translated into jaw-dropping revenue and earnings growth for Micron.

MU Revenue (Quarterly YoY Growth) data by YCharts.

It isn't done there, either. Wall Street expects 81% revenue growth in the company's next fiscal year. However, all of the memory makers are building new foundries, so supplies will eventually grow. At some point, the shortage should ease. It could also turn into a glut, which would crash memory chip prices and put Micron's investment thesis in peril. That's why the market is hesitant to bid the stock to a higher valuation, but knowing that the memory chip market supply will remain tight beyond 2027 should ease investors' concerns for the next couple of years.

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The market will eventually come back around to Micron's stock, although it could take a bit of time. In the meantime, Micron's stock is priced at a pretty cheap 11.6 times expected earnings for its fiscal year 2026 (which ends in August) and 5.7 times expected fiscal 2027 earnings. Those prices appear cheap, but if the memory market crashes, they may actually look expensive. However, with a rosy outlook for at least another year and a half, I think investors are fine to scoop up Micron's stock. Still, they'll have to continue monitoring market conditions and be willing to sell once some of the demand pressure in the memory chip market is alleviated.

Posted by Defense World Staff on Jul 20th, 2026

AIA Group Ltd decreased its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 54.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,492 shares of the software maker’s stock after selling 8,832 shares during the period. AIA Group Ltd’s holdings in Intuit were worth $3,239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Intuit in the 4th quarter worth approximately $3,058,407,000. Nicholas Hoffman & Company LLC. bought a new stake in Intuit during the first quarter worth approximately $785,564,000. Arrowstreet Capital Limited Partnership grew its position in Intuit by 36.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,923,842 shares of the software maker’s stock worth $1,274,391,000 after buying an additional 512,684 shares during the last quarter. Bank of New York Mellon Corp grew its position in Intuit by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after buying an additional 471,451 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Intuit by 172.1% in the first quarter. SG Americas Securities LLC now owns 674,982 shares of the software maker’s stock valued at $291,849,000 after buying an additional 426,952 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

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

Positive Sentiment: Intuit is being viewed as a long-term AI beneficiary as it embeds AI across its platform to automate financial workflows, expand higher-value services, and support future growth. Intuit Reinvents Itself With AI: Should You Buy the Stock? Positive Sentiment: The company’s AI initiative could improve productivity and deepen customer usage, which may support margins and recurring revenue over time. Intuit Reinvents Itself With AI: Should You Buy the Stock? Neutral Sentiment: One analyst note referenced Intuit being upgraded to “strong sell,” but the item provides no detailed rationale and appears secondary to the broader legal-news flow. Intuit upgraded by Piper Sandler to strong sell Negative Sentiment: Multiple law firms announced or reminded investors about a pending securities class action against Intuit, with a lead-plaintiff deadline of September 8, 2026, creating a legal overhang for the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act Negative Sentiment: The lawsuit alleges securities fraud and investor harm related to the period when Intuit’s stock dropped after guidance changes, which may keep pressure on shares near term. Robbins Geller Rudman & Dowd LLP Announces that Intuit Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit Negative Sentiment: Several additional firms filed or promoted similar class-action notices, reinforcing concerns that Intuit may face prolonged litigation and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit Inc. and Certain Officers Insider Buying and Selling at Intuit In other news, Director Vasant M. Prabhu purchased 500 shares of Intuit stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director directly owned 1,750 shares in the company, valued at $541,992.50. This represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth A number of equities research analysts have recently commented on the company. Northcoast Research cut their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Evercore decreased their target price on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. UBS Group cut their target price on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Royal Bank Of Canada reduced their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Finally, Mizuho decreased their price target on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Tuesday, May 26th. Twenty-two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $490.39.

Read Our Latest Stock Report on INTU

Intuit Stock Performance INTU stock opened at $291.09 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $79.62 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.07 and a beta of 1.00. The firm has a 50 day simple moving average of $303.20 and a 200 day simple moving average of $404.68. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the prior year, the business earned $11.65 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. Intuit’s dividend payout ratio is 29.07%.

Intuit Company Profile (Free Report)

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.

Further Reading Five stocks we like better than Intuit 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 INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU – Free Report).

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Posted by Defense World Staff on Jul 20th, 2026

Gallagher Capital Advisors LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 153.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,756 shares of the semiconductor manufacturer’s stock after buying an additional 2,879 shares during the period. Gallagher Capital Advisors LLC’s holdings in Broadcom were worth $1,472,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. ROSS JOHNSON & Associates LLC lifted its stake in shares of Broadcom by 1,320.0% in the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Networth Advisors LLC grew its holdings in shares of Broadcom by 546.2% during the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 71 shares during the period. SWAN Capital LLC increased its position in Broadcom by 261.9% during the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Nvest Wealth Strategies Inc. acquired a new stake in Broadcom during the 4th quarter worth approximately $33,000. Finally, Family CFO Inc purchased a new position in Broadcom in the fourth quarter valued at approximately $35,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom News Roundup 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 Broadcom Stock Performance Broadcom stock opened at $370.83 on Monday. Broadcom Inc. has a 52 week low of $273.00 and a 52 week high of $495.00. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The stock has a market cap 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 stock has a 50 day moving average of $401.29 and a 200-day moving average of $365.42.

Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping 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 the consensus estimate of $22.13 billion. During the same period last year, the firm earned $1.58 earnings per share. The company’s revenue for the quarter was up 47.9% compared to the same quarter last year. On average, analysts expect that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

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

Insider Buying and Selling at Broadcom In other Broadcom news, Director Gayla J. Delly sold 1,890 shares of the company’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 completion of the sale, the director directly owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harry L. You acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $373.57 per share, with a total value of $373,570.00. Following the purchase, the director directly owned 38,466 shares in the company, valued at approximately $14,369,743.62. This trade represents a 2.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 61,644 shares of company stock valued at $24,016,214 over the last quarter. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes A number of research analysts have weighed in on the stock. TD Cowen reaffirmed a “buy” rating and set a $500.00 price target on shares of Broadcom in a research report on Thursday, June 4th. Royal Bank Of Canada increased their price objective 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. Oppenheimer reissued an “outperform” rating and issued a $535.00 target price (up from $450.00) on shares of Broadcom in a research note on Thursday, June 4th. Rosenblatt Securities restated a “buy” rating and set a $500.00 target price on shares of Broadcom in a report on Thursday, June 4th. Finally, Evercore reaffirmed an “outperform” rating and set a $582.00 price target on shares of Broadcom in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $493.24.

Check Out Our Latest Report on AVGO

About Broadcom (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.

Featured Stories Five stocks we like better than Broadcom 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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Posted by Defense World Staff on Jul 20th, 2026

Decker Wealth Management LLC acquired a new stake in shares of Nucor Corporation (NYSE:NUE – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,858 shares of the basic materials company’s stock, valued at approximately $6,740,000. Nucor comprises approximately 1.5% of Decker Wealth Management LLC’s holdings, making the stock its 27th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. RKL Wealth Management LLC raised its stake in Nucor by 0.9% in the 1st quarter. RKL Wealth Management LLC now owns 5,318 shares of the basic materials company’s stock worth $899,000 after acquiring an additional 48 shares during the last quarter. Empirical Asset Management LLC grew its stake in Nucor by 2.6% during the 4th quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company’s stock valued at $347,000 after purchasing an additional 54 shares during the last quarter. Krilogy Financial LLC grew its stake in Nucor by 4.1% during the 4th quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 61 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Nucor by 49.2% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 63 shares during the period. Finally, IHT Wealth Management LLC increased its holdings in shares of Nucor by 2.0% in the fourth quarter. IHT Wealth Management LLC now owns 3,306 shares of the basic materials company’s stock valued at $539,000 after purchasing an additional 64 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets In other news, EVP Randy J. Spicer sold 2,500 shares of Nucor stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $225.00, for a total transaction of $562,500.00. Following the completion of the transaction, the executive vice president directly owned 20,510 shares of the company’s stock, valued at $4,614,750. The trade was a 10.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Allen C. Behr sold 10,096 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the completion of the transaction, the executive vice president owned 62,871 shares of the company’s stock, valued at approximately $14,213,875.68. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 82,378 shares of company stock worth $18,963,930. Corporate insiders own 0.62% of the company’s stock.

Nucor Stock Performance NYSE NUE opened at $236.77 on Monday. The firm has a market capitalization of $53.92 billion, a P/E ratio of 23.44, a PEG ratio of 0.54 and a beta of 1.91. The stock has a 50-day simple moving average of $239.20 and a two-hundred day simple moving average of $201.90. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. Nucor Corporation has a fifty-two week low of $131.32 and a fifty-two week high of $270.90.

Nucor (NYSE:NUE – Get Free Report) last issued its earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.41. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. On average, equities analysts forecast that Nucor Corporation will post 17.68 earnings per share for the current year.

Nucor Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. Nucor’s payout ratio is presently 22.18%.

Analyst Upgrades and Downgrades A number of research firms recently commented on NUE. Seaport Research Partners lifted their target price on Nucor from $245.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Barclays increased their price target on shares of Nucor from $270.00 to $272.00 and gave the stock an “overweight” rating in a report on Wednesday. BMO Capital Markets raised their price target on shares of Nucor from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company reduced their price target on shares of Nucor from $292.00 to $283.00 and set an “overweight” rating for the company in a research report on Thursday, June 18th. Finally, KeyCorp upgraded shares of Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price objective for the company in a research note on Wednesday, June 24th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.31.

Check Out Our Latest Stock Report on NUE

About Nucor (Free Report)

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.

Further Reading Five stocks we like better than Nucor 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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Boston Common Asset Management LLC cut its holdings in State Street Corporation (NYSE:STT – Free Report) by 15.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 30,757 shares of the asset manager’s stock after selling 5,712 shares during the period. Boston Common Asset Management LLC’s holdings in State Street were worth $3,893,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Nordea Investment Management AB grew its holdings in State Street by 15.4% in the 4th quarter. Nordea Investment Management AB now owns 2,829,271 shares of the asset manager’s stock valued at $367,041,000 after buying an additional 377,568 shares during the period. Clean Yield Group lifted its holdings in shares of State Street by 8,247.4% during the 4th quarter. Clean Yield Group now owns 19,199 shares of the asset manager’s stock worth $2,477,000 after acquiring an additional 18,969 shares during the period. IFM Investors Pty Ltd boosted its position in shares of State Street by 9.7% in the first quarter. IFM Investors Pty Ltd now owns 84,534 shares of the asset manager’s stock worth $10,699,000 after acquiring an additional 7,469 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of State Street in the fourth quarter worth approximately $1,959,000. Finally, Heritage Family Offices LLP acquired a new stake in shares of State Street in the fourth quarter worth approximately $1,220,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

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

Positive Sentiment: State Street delivered a Q2 earnings beat, reporting $3.65 EPS on $4.05 billion in revenue versus expectations of $3.34 EPS and $3.88 billion in sales, supported by higher fee income, stronger net interest income, and no credit-loss provision. State Street Corporation (NYSE: STT) Reports Second-Quarter 2026 Financial Results Positive Sentiment: Management’s update showed strong operating momentum, with assets under custody and management reaching record levels and revenue growth accelerating sharply year over year, reinforcing confidence in the company’s earnings power. State Street’s quarterly profit jumps 56% on strong fee income Positive Sentiment: Several analysts turned more constructive after the results, including KBW and Wells Fargo, both lifting their price targets to $215, while RBC raised its target to $196, signaling expectations for additional upside. These Analysts Raise Their Forecasts On State Street Following Upbeat Q2 Results Neutral Sentiment: Truist reaffirmed its hold rating but still increased its target to $191, suggesting the earnings strength improved valuation expectations even without a bullish rating change. Benzinga analyst update on State Street Neutral Sentiment: Commentary on digital custody, ETF pricing pressure, and macro-driven operating leverage adds context, but the immediate stock move appears to be driven mainly by the earnings beat and analyst upgrades. State Street Q2: Macro Conditions Continue To Drive Healthy Operating Leverage Analysts Set New Price Targets STT has been the subject of several research analyst reports. Evercore set a $186.00 price target on shares of State Street and gave the stock an “outperform” rating in a research report on Monday, July 6th. Wells Fargo & Company boosted their price objective on shares of State Street from $196.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday. Argus upped their price objective on State Street from $140.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Truist Financial reaffirmed a “hold” rating and issued a $191.00 target price (up from $176.00) on shares of State Street in a research report on Friday. Finally, Seaport Research Partners reiterated a “buy” rating and issued a $170.00 target price on shares of State Street in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, State Street presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.84.

Get Our Latest Research Report on State Street

State Street Trading Down 0.1% Shares of STT stock opened at $182.27 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 1.04. State Street Corporation has a fifty-two week low of $104.64 and a fifty-two week high of $192.51. The firm’s 50 day moving average price is $165.83 and its two-hundred day moving average price is $144.18. The stock has a market cap of $50.45 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 0.90 and a beta of 1.42.

State Street (NYSE:STT – Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The asset manager reported $3.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.31. State Street had a net margin of 15.02% and a return on equity of 15.26%. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same quarter in the prior year, the business earned $2.04 earnings per share. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. On average, analysts anticipate that State Street Corporation will post 13.35 EPS for the current year.

State Street Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Thursday, October 1st will be issued a $0.92 dividend. The ex-dividend date is Thursday, October 1st. This represents a $3.68 annualized dividend and a yield of 2.0%. This is an increase from State Street’s previous quarterly dividend of $0.84. State Street’s payout ratio is currently 29.63%.

Insider Buying and Selling In other State Street news, CEO Hanley Ronald P. O sold 14,553 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.35, for a total transaction of $2,260,808.55. Following the transaction, the chief executive officer owned 255,512 shares in the company, valued at $39,693,789.20. The trade was a 5.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael L. Richards sold 1,500 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $162.14, for a total value of $243,210.00. Following the completion of the sale, the executive vice president directly owned 41,827 shares of the company’s stock, valued at $6,781,829.78. The trade was a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,876 shares of company stock valued at $5,866,583 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

About State Street (Free Report)

State Street Corporation is a global financial services company that provides a range of investment servicing, investment management and investment research and trading services to institutional investors. Its principal activities include custody and fund administration, securities lending, performance and risk analytics, trading and execution services, and foreign exchange. The company also offers investment management through State Street Global Advisors, a major provider of exchange-traded funds and institutional investment strategies.

State Street serves a broad client base of asset managers, insurance companies, pension funds, endowments, and other institutions across North America, Europe, Asia and other global markets.

Featured Stories Five stocks we like better than State Street 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 STT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for State Street Corporation (NYSE:STT – Free Report).

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Posted by Defense World Staff on Jul 20th, 2026

Boston Common Asset Management LLC increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 138.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,362 shares of the manufacturing equipment provider’s stock after buying an additional 26,945 shares during the quarter. Boston Common Asset Management LLC’s holdings in Applied Materials were worth $15,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Financial Freedom LLC bought a new position in Applied Materials during the 1st quarter valued at $28,000. Cornerstone Financial Management LLC bought a new stake in shares of Applied Materials in the 4th quarter worth $25,000. Whipplewood Advisors LLC grew its stake in shares of Applied Materials by 218.8% in the 1st quarter. Whipplewood Advisors LLC now owns 102 shares of the manufacturing equipment provider’s stock worth $35,000 after acquiring an additional 70 shares in the last quarter. Wilkerson Advisory Group LLC purchased a new stake in shares of Applied Materials in the fourth quarter valued at about $26,000. Finally, MBM Wealth Consultants LLC purchased a new stake in shares of Applied Materials in the first quarter valued at about $38,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In Several research analysts recently weighed in on AMAT shares. Truist Financial set a $575.00 price target on shares of Applied Materials in a report on Thursday, May 28th. Morgan Stanley upped their price objective on shares of Applied Materials from $502.00 to $647.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $525.00 price objective on shares of Applied Materials in a research note on Friday, May 15th. JPMorgan Chase & Co. lifted their target price on shares of Applied Materials from $400.00 to $515.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Applied Materials in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $593.84.

Check Out Our Latest Research Report on AMAT

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

Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Applied Materials and reiterated a Buy rating, signaling confidence in the company’s growth outlook and AI-driven demand. Article link Positive Sentiment: Applied Materials CEO comments reinforcing the AI investment thesis may help support longer-term sentiment around the stock. Article link Neutral Sentiment: Zacks noted that AMAT has been drawing increased attention from investors, but the piece was mainly a stock-screening update rather than a new fundamental catalyst. Article link Neutral Sentiment: Recent commentary suggested Applied Materials may be trading above fair value after a strong multi-year run, which could limit upside even if earnings remain solid. Article link Negative Sentiment: A broad semiconductor selloff is pressuring AMAT along with peers like AMD and Intel, as the market rotates out of chip stocks and into other areas. Article link Applied Materials Price Performance Shares of NASDAQ:AMAT opened at $529.66 on Monday. The company’s 50-day moving average is $533.12 and its 200 day moving average is $414.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51. The company has a market capitalization of $420.53 billion, a P/E ratio of 49.73, a price-to-earnings-growth ratio of 1.35 and a beta of 1.57. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $739.67.

Applied Materials (NASDAQ:AMAT – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.18. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.68 billion. During the same quarter in the prior year, the business earned $2.39 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, equities research analysts forecast that Applied Materials, Inc. will post 12.14 earnings per share for the current year.

Applied Materials Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s dividend payout ratio is currently 19.91%.

Insider Activity In other news, CEO Gary E. Dickerson sold 71,727 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the completion of the sale, the chief executive officer owned 1,695,164 shares in the company, valued at $1,006,503,625. This trade represents a 4.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Omkaram Nalamasu sold 24,263 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the completion of the sale, the senior vice president directly owned 146,916 shares in the company, valued at $87,184,361.88. This trade represents a 14.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is owned by insiders.

Applied Materials Profile (Free Report)

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.

Recommended Stories Five stocks we like better than Applied Materials 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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Cantillon Capital Management LLC lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 11.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,166,428 shares of the semiconductor company’s stock after selling 292,725 shares during the quarter. Entegris comprises 1.7% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding. Cantillon Capital Management LLC owned about 1.42% of Entegris worth $253,992,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Entegris by 183.5% during the 3rd quarter. Invesco Ltd. now owns 3,167,857 shares of the semiconductor company’s stock valued at $292,900,000 after purchasing an additional 2,050,473 shares in the last quarter. Norges Bank bought a new stake in Entegris in the fourth quarter worth approximately $158,669,000. Duquesne Family Office LLC acquired a new position in Entegris in the second quarter valued at approximately $132,741,000. Rafferty Asset Management LLC boosted its holdings in shares of Entegris by 64.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 1,970,734 shares of the semiconductor company’s stock worth $158,940,000 after buying an additional 771,650 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Entegris by 31.2% during the 2nd quarter. Bank of America Corp DE now owns 3,031,048 shares of the semiconductor company’s stock worth $244,454,000 after buying an additional 720,467 shares in the last quarter.

Entegris Stock Performance NASDAQ ENTG opened at $138.74 on Monday. The company has a quick ratio of 2.05, a current ratio of 3.21 and a debt-to-equity ratio of 0.91. Entegris, Inc. has a 52 week low of $67.97 and a 52 week high of $186.94. The business has a 50 day moving average price of $146.53 and a 200-day moving average price of $131.42. The company has a market cap of $21.16 billion, a price-to-earnings ratio of 80.20, a P/E/G ratio of 1.62 and a beta of 1.31.

Entegris (NASDAQ:ENTG – Get Free Report) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.11. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The company had revenue of $811.90 million for the quarter, compared to analysts’ expectations of $808.72 million. During the same period last year, the business earned $0.67 EPS. Entegris’s quarterly revenue was up 5.0% compared to the same quarter last year. Entegris has set its Q2 2026 guidance at 0.760-0.840 EPS. As a group, equities analysts expect that Entegris, Inc. will post 3.65 earnings per share for the current fiscal year.

Entegris Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, July 29th. Entegris’s dividend payout ratio (DPR) is 23.12%.

Analyst Ratings Changes Several research firms have recently weighed in on ENTG. Oppenheimer reiterated an “outperform” rating and issued a $160.00 price objective on shares of Entegris in a research note on Friday, May 1st. Zacks Research lowered shares of Entegris from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Needham & Company LLC raised their price target on shares of Entegris from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wall Street Zen raised shares of Entegris from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings upgraded shares of Entegris from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and an average target price of $164.22.

View Our Latest Research Report on ENTG

Insider Transactions at Entegris In related news, SVP Olivier Blachier sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $140.04, for a total value of $280,080.00. Following the sale, the senior vice president owned 34,897 shares in the company, valued at $4,886,975.88. This represents a 5.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Susan G. Rice sold 19,893 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $132.84, for a total transaction of $2,642,586.12. Following the completion of the sale, the senior vice president owned 69,038 shares in the company, valued at $9,171,007.92. This represents a 22.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 44,466 shares of company stock valued at $6,186,624. Corporate insiders own 0.53% of the company’s stock.

About Entegris (Free Report)

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.

See Also Five stocks we like better than Entegris 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 ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris, Inc. (NASDAQ:ENTG – Free Report).

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QuantumScape stock NASDAQ:QS faces a potentially sharp earnings reaction on Wednesday as investors test whether the solid-state battery developer can turn technical progress into a credible manufacturing and commercialisation plan.

Options traders are pricing a move of roughly 12% to 15% in either direction after the second-quarter report, reflecting the uncertainty surrounding a company that still generates little conventional revenue.

QuantumScape ended Friday at $5.86 and will release results after the market closes on July 22, followed by a call at 5 pm ET.

Options-market data suggests QuantumScape shares could move roughly 12% to 15% in either direction after the earnings release, with the estimate shifting alongside the stock price and option premiums.

The difference reflects changing share prices and option premiums, rather than conflicting directional forecasts.

An implied move does not mean traders expect QuantumScape to rally.

Stronger manufacturing disclosures could lift the stock sharply, while delays, vague targets or rising spending could produce a similar decline.

The first-quarter reaction showed that sensitivity. Shares initially surged 23% after the April update before surrendering most gains and closing only 1.4% higher.

MarketWatch noted that heavy short interest and a large retail following may amplify price swings.

Evercore ISI analyst Chris McNally said that QuantumScape had not announced the “completion of any goals”, although it showed progress across several areas.

He had also highlighted a previous “dearth of new headlines”, increasing the importance of each quarterly update.

The central question is whether the Eagle Line pilot facility is becoming a reliable manufacturing operation.

QuantumScape said in April that installation had been completed and start-up activities had begun, with initial QSE-5 cells being produced.

Management planned to increase output during the second quarter while improving equipment uptime, throughput, process stability and cell reliability.

The line is the bridge between successful laboratory cells and batteries that can be reproduced consistently enough for automotive testing and eventual mass production.

Investors will therefore want measurable disclosures on cell output, yields, equipment availability, customer shipments and testing results.

Broad assurances may not be enough as QuantumScape’s valuation rests largely on future commercialisation, making operational milestones more useful than conventional earnings comparisons.

Customer validation offers the clearest bullish catalyst.

QuantumScape signed a multi-year research agreement with Honda R&D in June after the Japanese group completed a technical evaluation and benchmarking programme.

Updates showing that Honda, Volkswagen’s PowerCo or other carmakers are advancing towards broader testing or firmer commitments would strengthen confidence.

The company recorded $11 million of customer billings in the first quarter and ended March with $905 million of liquidity.

It maintained full-year guidance for an adjusted EBITDA loss of $250 million to $275 million and capital expenditure of $40 million to $60 million.

Any increase could revive concerns about how much funding commercialisation will require.

UBS analyst Joseph Spak wrote in comments reported by MarketWatch that QuantumScape’s “2026 goals seem more ambiguous than last year”, making completion difficult to judge.

He also questioned whether expansion into data centres and robotics could dilute management’s automotive focus.

A brutal week for chip stocks ended with the PHLX Semiconductor Index in a bear market, down more than 20% from its June peak. Two of the AI (artificial intelligence) trade's flagship names went down with it. Advanced Micro Devices (AMD 1.03%) now trades about 15% below its high, while Broadcom (AVGO 0.70%) has fallen about 25% from its own.

Both companies, meanwhile, are executing about as well as they ever have. Falling stock prices and accelerating businesses make for a good time to compare the two.

So, which chipmaker deserves new money after the sell-off?

Image source: AMD.

AMD: accelerating, and priced like it AMD's first-quarter results showed a company hitting its stride. Revenue rose 38% year over year to $10.3 billion, led by the data center segment, where revenue climbed 57% to $5.8 billion on strong demand for its EPYC server processors and the continuing ramp of its Instinct AI accelerators. Non-GAAP (adjusted) earnings per share rose 43% to $1.37, and free cash flow hit a quarterly record of $2.6 billion. Even the client business, which sells chips for personal computers, grew 26%. Profitability is moving the right way, too, with the company's adjusted gross margin expanding to 55% from 54% a year earlier.

And the growth is speeding up. Management guided for second-quarter revenue of about $11.2 billion, implying roughly 46% year-over-year growth -- up from 38% in Q1. CEO Lisa Su said customer engagement around the company's upcoming MI450 series accelerators and Helios rack systems is strengthening, with forecasts from leading customers exceeding AMD's initial expectations.

Today's Change

(

-1.03

%) $

-5.18

Current Price

$

495.76

The problem is the price. At about $500 per share as of this writing, AMD trades at roughly 67 times this year's expected earnings and about 37 times next year's. The stock also pays no dividend.

That's a price that assumes AMD will continue to gain share in AI chips for years to come. It might. But that outcome is largely priced in already.

Broadcom: faster growth, cheaper stock Broadcom's fiscal second quarter (the period ended May 3, 2026) was arguably even stronger. Revenue climbed 48% year over year to $22.2 billion. The star was AI semiconductor revenue (the custom AI accelerators and networking chips it builds for cloud giants), which soared 143% to $10.8 billion. Adjusted net income came in at $12.1 billion, and free cash flow was $10.3 billion, a staggering 46% of revenue.

Additionally, Broadcom pays a quarterly dividend of $0.65 per share, yielding about 0.7% at the stock's current price. AMD offers no comparable income stream.

The outlook is even better.

"The momentum continues and in Q3 we expect semiconductor revenue from AI to grow over 200 percent year-over-year to $16.0 billion," said CEO Hock Tan in the company's fiscal second-quarter earnings release. Total revenue guidance calls for about $29.4 billion, up 84% year over year.

Today's Change

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%) $

-2.64

Current Price

$

371.81

Broadcom isn't all hypergrowth, though. Its infrastructure software segment, about a third of revenue, grew just 9% year over year. It's a profitable, steady business, but it dilutes the growth rate the chip side is producing. And the custom AI chip business leans on a handful of hyperscale customers, so orders can be lumpy, and a few buyers' decisions carry a lot of weight.

Still, the valuation math is hard to argue with. At about $370 per share, Broadcom trades at roughly 32 times this year's expected earnings and about 19 times next year's, roughly half of AMD's multiple on both counts.

The better buy right now On growth, Broadcom currently has the edge, with guidance calling for 84% revenue growth this quarter against the roughly 46% AMD's outlook implies. On cash, it isn't close. Broadcom generated about four times AMD's quarterly free cash flow, and it pays a dividend while AMD does not. And on price, Broadcom trades at about half AMD's multiple of expected earnings.

Of course, AMD is the purer bet on gaining share in AI accelerators. If the MI450 ramp exceeds forecasts next year, earnings estimates could race higher and make today's multiple look conservative. For investors who want maximum upside to that scenario, AMD is the more explosive stock -- in both directions.

But when the faster-growing business is also the cheaper stock and the stronger cash generator, the decision isn't difficult. I'd buy Broadcom over AMD after this sell-off.

Saudi carrier will exercise options for 28 787 Dreamliner jets from 2023 order and convert 20 options to largest 787 Dreamliner variant  Riyadh Air has taken delivery of six 787-9 jets and currently serves six cities  Agreement reaffirms Riyadh Air's plan to operate to over 100 global destinations by 2030, powered by a growing next-generation fleet  , /PRNewswire/ -- Riyadh Air, the new national carrier of the Kingdom of Saudi Arabia, and Boeing [NYSE: BA] today announced that the airline is exercising options for 28 more 787 Dreamliner jets as part of its growth plan. The agreement to exercise most of the options from Riyadh Air's 2023 order also includes the conversion of 20 airplanes to the larger 787-10 variant. 

Riyadh Air, the new national carrier of the Kingdom of Saudi Arabia, and Boeing today announced that the airline is exercising options for 28 more 787 Dreamliner jets as part of its growth plan. The announcement includes a previously unidentified purchase of 11 of the ultra-efficient widebody jets. Once the remaining 17 airplanes are finalized, Riyadh Air's firm order count will grow to 67 787 Dreamliners. 

"The commitment to firm up an additional 28 787 Dreamliners and introduce the 787-10 marks another significant milestone in Riyadh Air's journey towards over 100 international destinations by 2030, a key part of the Kingdom's Vision 2030 ambitions," said Tony Douglas, CEO of Riyadh Air. "Following the recent launch of full operations, guests have been hugely impressed with the Riyadh Air experience onboard our current fleet of six Boeing 787 jets. The addition of the 787-10 strengthens our ability to accommodate growing passenger and cargo demand while providing the operational flexibility required to support our ambitious network plans." 

By operating the 787-9 and 787-10, Riyadh Air will benefit from fleet commonality, including shared flight deck systems, maintenance procedures and pilot training, helping deliver operational efficiencies while ensuring a consistent, premium guest experience across its network.  

The 787 Dreamliner family features the largest windows of any commercial airplane, higher cabin humidity, lower cabin altitude pressurization and advanced turbulence-sensing technology, all designed to enhance passenger comfort. 

"We are delighted to see Riyadh Air flying their new 787 airplanes in commercial service and we are deeply honored they are placing orders for additional 787 Dreamliner aircraft to support their future," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "The 787-10 will be a great complement to Riyadh Air's growing fleet and advance the airline's mission to be a world-class airline that delivers an exceptional passenger experience."   

The addition of the 787-10 reflects Riyadh Air's commitment to operating one of the world's most modern, efficient and sustainable fleets. As the largest member of the 787 Dreamliner family, the 787-10 will boost Riyadh Air's capacity with 50 more seats than the 787-9, while reducing fuel use and emissions by 25% compared to the airplanes it replaces.  

The expanded Boeing fleet will help Riyadh Air grow its network and add the capacity needed to ensure Riyadh, a G20 capital city, is fully connected to 100 global destinations realizing the goals of Saudi Vision 2030. 

As a wholly owned company of the Public Investment Fund (PIF), Riyadh Air acts as a key catalyst for Saudi Arabia's economic diversification strategy. By expanding its global reach, the airline expects to generate over 200,000 direct and indirect jobs and contribute over $20 billion (SAR 75 billion) to non-oil GDP growth by 2030. 

About Riyadh Air
Riyadh Air, a wholly owned PIF company, is redefining global travel as a full-service global carrier based in Riyadh, Saudi Arabia. Since its launch in March 2023, Riyadh Air has committed to building a modern, efficient fleet and embracing careful sustainability practices, focusing on responsible operations and thoughtful innovation throughout every journey. Each aircraft features advanced cabin interiors, next-generation digital inflight entertainment, and seamless connectivity, ensuring every guest enjoys a memorable experience. By 2030, Riyadh Air aims to connect guests to over 100 destinations worldwide, with authentic Saudi hospitality at the heart of every flight. 

Discover more: riyadhair.com  
Follow us: @riyadhair 

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

Riyadh Air
[email protected]

Boeing Media Relations
[email protected]

SOURCE Boeing

Shared Platform Backed by The National Bank of Georgia Will Deliver Trusted Global Infrastructure to Support Growth of the Banking Sector July 20, 2026 03:00 ET  | Source: Nasdaq, Inc.

TBILISI, Georgia and NEW YORK, July 20, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced a landmark partnership with the National Bank of Georgia (NBG) to modernize the treasury and financial markets infrastructure across Georgia's banking sector. Five of the country's largest commercial banks — Bank of Georgia, TBC Bank, Liberty Bank, Terabank and Basisbank — will adopt the Nasdaq Calypso platform under a shared, common infrastructure model spanning the full front-to-back trade lifecycle. The initiative, operating under the Georgian Market Advancement Program (GMAP) and coordinated in collaboration with the Georgian Financial Markets Treasuries' Association (GFMTA), represents a significant milestone in the development of Georgia's capital markets.

Natia Turnava, Governor of the National Bank of Georgia, said: “Modernising Georgia's treasury infrastructure is a strategic priority for the National Bank of Georgia and a critical step in the continued development of our financial system. By bringing the country's five largest commercial banks onto a common, internationally recognized platform, we are raising the standard of risk management, regulatory oversight, and operational resilience across the sector. This initiative reflects our commitment to building a financial market that is robust, transparent, aligned with international best practice, and equipped to support Georgia's continued economic growth.”

Why Georgia's Banks Need a New Treasury Infrastructure Model

Georgia's commercial banking sector has experienced double-digit growth over the past five years, with total assets approaching USD 38 billion - reflecting the depth and dynamism of the country's financial system. As the sector has grown, so too has demand for more sophisticated treasury infrastructure capable of supporting complex securities and derivatives markets, enterprise-grade risk management, and increasingly rigorous regulatory standards. At the same time, the investment required to deploy and maintain such infrastructure at the individual institutional level represents a significant undertaking for any single bank. A shared, coordinated approach - pooling resources and expertise across the sector - provides the most efficient path to achieving that ambition at scale.

Magnus Haglind, Head of Capital Markets Technology at Nasdaq, said: “Georgia presents a compelling example of how the shared infrastructure model can unlock real value for individual institutions and the financial system as a whole. By drawing on Nasdaq’s experience navigating modernization programs at scale, firms gain access to deep institutional knowledge and the ability to evolve without bearing the full cost, risk, or operational complexity of doing it alone. GMAP reflects exactly the kind of structured, country-level framework that enables this type of transformation to succeed. We welcome the opportunity to support the National Bank of Georgia in this initiative, and to help Georgia's banking sector build the infrastructure it needs for its next phase of growth.”

How Nasdaq Calypso Solves the Shared Infrastructure Challenge for Georgian Banks

The Nasdaq Calypso platform will be deployed as a shared infrastructure model, installed at a centralized location with each of the five participating banks represented as a separate entity within the same instance, with their data fully segregated. Each institution will benefit from a configuration adapted to its individual business requirements, risk profile, and operational context, while operating within a common framework that enables standardized reporting and workflows, shared market data, and collective governance, oversight, and audit capabilities.

The platform will span the complete trade lifecycle from front-office deal capture and pricing, through middle-office risk management and compliance, to back-office settlement, accounting, and financial reporting. This end-to-end architecture eliminates the need for multiple point solutions, reduces reconciliation overhead, and delivers a single source of truth for treasury operations across the sector.

Standardization also delivers systemic benefits beyond any single institution. With harmonized data and reporting across all five banks, the National Bank of Georgia gains materially enhanced visibility into treasury exposures, liquidity positions, and systemic risk, supporting more effective macroprudential supervision. Consistent audit trails and common reporting frameworks reduce the burden on both banks and regulators and provide a robust foundation for Georgia's continued integration with international financial standards, including ISO 20022, the global messaging standard for financial data exchange.

Lasha Jugeli, Executive Secretary of the Georgian Financial Markets Treasuries' Association, said: “The Georgian Market Advancement Program (GMAP) is the result of years of deliberate coordination across Georgia's banking sector, and it marks a pivotal moment for our Association and the institutions we represent. By aligning on a shared infrastructure backed by Nasdaq's global expertise and the National Bank of Georgia's institutional support, and project management funding provided by Japan through the Japan–EBRD Cooperation Fund, our member banks are not only modernising their own operations — they are collectively raising the standard for treasury management across the sector. We are proud to have played a central role in bringing this initiative to fruition, and we look forward to the tangible benefits it will deliver for our members and for Georgia's financial markets as a whole.”

The five participating banks collectively represent the majority of Georgia's commercial banking sector assets, and their adoption of a common, internationally recognised platform marks a defining step in Georgia's emergence as a modern, well-governed financial market.

Notes to Editors

The project management component of the 'Implementation of the Treasury Management Solution for Georgian Commercial Banks' project has been financed by Japan through the Japan–EBRD Cooperation Fund.

Media contacts

Nasdaq: Andrew Hughes; +44 (0)7443 100896; [email protected]

The National Bank of Georgia: [email protected]

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying the technology, data, and advanced analytics that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

About The National Bank of Georgia

The National Bank of Georgia (NBG) is the central bank of Georgia. Its status is defined by the Constitution of Georgia. The main objective of the National Bank is to ensure price stability. Georgia's first central bank was established in 1919. In its current form the National Bank of Georgia has existed since 1991. According to the Constitution of Georgia, the National Bank is independent in its activities. Beyond this mandate, the NBG operates as Georgia’s integrated financial supervisor - a single megaregulator that oversees nearly the entire financial sector rather than functioning as an ordinary bank. Its remit spans the regulation and oversight of commercial banks, microbanks, microfinance organizations, payment service providers, virtual asset service providers, and other market participants, together with responsibility for the secure and efficient operation of payment and settlement systems and for advancing transparency, consumer protection, and financial literacy. The NBG also safeguards financial stability and manages the country’s international reserves, a key anchor of macroeconomic stability. For additional information, visit https://nbg.gov.ge/en.

About Georgian Financial Markets Treasuries Association

Georgian Financial Markets Treasuries Association GFMTA was established on November 21, 2018 by the National Bank of Georgia (NBG), various commercial banks and microfinance organizations. Today, the Association is the largest professional organization that cares about the development of financial markets in Georgia and unites 16 entities operating in different segments of the financial markets of Georgia, including 11 commercial banks, 2 microfinance organizations, the Pension Agency of Georgia, the National Bank of Georgia, and a corporation.

-NDAQG-

Cautionary Note Regarding Forward-Looking Statements:

Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will”, “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq Calypso and Nasdaq’s technology partnership with The National Bank of Georgia and the country’s banking sector. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Ally Financial Inc. (NYSE:ALLY) will release its second quarter earnings report before the opening bell on Tuesday, July 21.

Analysts expect the Detroit, Michigan-based company to report quarterly earnings of $1.23 per share, up from 99 cents per share in the year-ago period. The consensus estimate for Ally Financial’s quarterly revenue is $2.22 billion. It reported $2.08 billion last year, according to Benzinga Pro.

On July 13, Ally Financial named Mark Mathewson as chief information and data officer.

Shares of Ally Financial fell 2.5% to close at $45.64 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 ALLY stock? Here’s what analysts think:

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, /PRNewswire/ -- Akeso, Inc. (9926.HK) ("Akeso" or the "Company") today announced that the first patient has been dosed in a Phase II clinical study (AK146D1-201) evaluating its internally developed TROP2/Nectin-4 bispecific antibody-drug conjugate (ADC), AK146D1, in combination with ivonescimab (the Company's PD-1/VEGF bispecific antibody) in patients with advanced non-small cell lung cancer (NSCLC). The study will explore the therapeutic potential of this combination, with a particular emphasis on the first-line treatment setting.

The advancement of ADC 2.0 candidates AK146D1 and AK138D1 into Phase II trials marks a critical milestone for Akeso's "IO2.0 + ADC2.0" strategy. Built upon our proprietary bispecific and multispecific antibody technology alongside our innovative IO2.0 portfolio, this progress underscores our commitment to elevating the standard of care for major global diseases like lung cancer. Furthermore, it reinforces our cancer therapy matrix, positioning Akeso with distinct, cross-generational competitive advantages in the global market.

In the immuno-oncology (IO) arena, Akeso stands as the only company globally with two approved bispecific antibodies for cancer immunotherapy. The Company is actively evaluating ivonescimab and cadonilimab in combination with its pipeline of proprietary next-generation ADC2.0 agents. Increasingly, global partners recognize both ivonescimab and cadonilimab as preferred agents for combination regimens and breakthrough therapy explorations across a wide spectrum of tumor types.

Within the ADC landscape, Akeso has established a pipeline of breakthrough next-generation candidates, with AK146D1, AK138D1, AK157D1, and AK158D1 (a bispecific ADC) already in clinical development. These novel agents are designed to overcome the narrow therapeutic window and safety limitations frequently observed in conventional ADCs, effectively ushering ADC therapy into a new 2.0 era.

Ivonescimab, a first-in-class PD-1/VEGF bispecific antibody, has demonstrated clinically transformative benefits compared to PD-1 inhibitor-based therapies across multiple Phase III studies, supported by a robust body of clinical evidence. AK146D1 is an ADC2.0 agent that exhibits potent antitumor activity and a favorable safety profile. The combination of AK146D1 and ivonescimab holds the potential to significantly enhance clinical efficacy, reduce treatment-related toxicity, and broaden the range of eligible patients. By addressing the multifaceted clinical limitations of conventional immunotherapy and current ADC therapies, this regimen aims to emerge as a next-generation solution that offers superior efficacy and safety for patients with cancer.

About Akeso

Akeso (HKEX: 9926.HK) is a leading biopharmaceutical company committed to the research, development, manufacturing and commercialization of the world's first or best-in-class innovative biological medicines. Founded in 2012, Akeso has built a comprehensive R&D innovation ecosystem anchored by its proprietary Tetrabody antibody technology platform, AI-powered drug R&D platform, Dual-Shield ADC technology platform, Dual-Lock T-cell engager (TCE) technology platform, Tissue-Smart siRNA/mRNA technology platform, and cell therapy technology platforms.

Backed by world-class GMP manufacturing facilities and a highly efficient, integrated commercialization system, Akeso has developed into a globally competitive biopharmaceutical enterprise. Leveraging its fully integrated, multi-functional platform, the company maintains a robust pipeline of more than 50 innovative assets targeting cancer, autoimmune diseases, inflammation, metabolic disorders, and other major therapeutic areas. Of these, 27 candidates have advanced into clinical trials—including 15 bispecific or multispecific antibodies and bispecific ADCs—and 8 innovative drugs have reached commercial stage.

Through efficient and groundbreaking R&D, Akeso integrates premier global resources to develop transformative medicines, deliver high-quality, affordable therapeutic antibodies to patients worldwide, and generate sustained commercial and societal value as it strives to become a global leader in biopharmaceutical innovation.

Forward-Looking Statements

This announcement by Akeso, Inc. (9926.HK, "Akeso") contains "forward-looking statements". These statements reflect the current beliefs and expectations of Akeso's management and are subject to significant risks and uncertainties. These statements are not intended to form the basis of any investment decision or any decision to purchase securities of Akeso. There can be no assurance that the drug candidate(s) indicated in this announcement or Akeso's other pipeline candidates will obtain the required regulatory approvals or achieve commercial success. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of pharmaceutical industry regulation and health care legislation in P.R.China, the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; Akeso's ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the Akeso's patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.

Akeso does not undertake any obligation to publicly revise these forward-looking statements to reflect events or circumstances after the date hereof, except as required by law.

SOURCE Akeso, Inc.

UK flag carrier opts for game-changing geared architecture

, /PRNewswire/ -- Farnborough International Airshow – Pratt & Whitney, an RTX (NYSE: RTX) business, announced today that British Airways has selected GTF engines to power 33 firm and 30 option Airbus A320neo aircraft. Pratt & Whitney will also provide maintenance for the engines through a 12-year EngineWise® Comprehensive services agreement, ensuring optimized fleet efficiency and cost of ownership. Deliveries are expected to begin in 2027.

"Today marks a pivotal moment and a strong vote of confidence in the GTF engine as the UK's flagship carrier, British Airways, becomes the newest GTF customer," said Rick Deurloo, president of Commercial Engines, Pratt & Whitney. "As the most fuel-efficient choice for the A320neo aircraft, the GTF engine will help British Airways achieve its international fleet expansion goals and enhance the travel experience for passengers."

The GTF delivers 20% lower fuel consumption and a 75% smaller noise footprint compared to the prior generation of engines. Over 2,800 GTF-powered aircraft are operated globally by more than 90 customers, and the order backlog of over 8,000 GTF engines reflects strong market demand for its proven benefits. The GTF Advantage engine, which will enter into service later this year, will provide operators up to twice the time on wing, industry-leading fuel efficiency and even more range capability.

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, RTX pushes 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

Apple stock NASDAQ:AAPL has become Wall Street’s latest test of whether the artificial intelligence trade is moving beyond data-centre builders and towards businesses capable of selling AI to consumers.

The iPhone maker briefly overtook Nvidia as the world’s most valuable company, reaching about $4.88 trillion as Nvidia fell 3.5%.

The switch may prove temporary, but it captured a change in investor thinking.

Apple stock has gained 23% this year as confidence grows that it can distribute AI without matching hyperscalers’ spending.

For much of the generative AI boom, Apple was criticized for moving slowly.

Microsoft, Alphabet, Amazon and Meta committed heavily to models, chips and data centres, while Nvidia became the clearest winner from the infrastructure buildout.

That contrast once made Apple look behind the curve. It now appears attractive as investors question how quickly huge AI budgets will generate returns.

Apple can adopt proven models, integrate them into devices and retain control of the customer relationship, with less pressure to justify infrastructure investment.

“Apple was seen as a laggard in the AI race because it wasn’t spending to develop models, but now sentiment has changed,” Toni Meadows, head of investment at BRI Wealth Management, told Reuters.

Meadows said Apple was less exposed to capital-intensive development and better positioned to monetize AI through services, hardware upgrades and its ecosystem.

The company waited for the technology to mature before pushing it through familiar products.

Apple’s advantage is distribution. The company said in January that its installed base had surpassed 2.5 billion active devices, providing a consumer network few technology businesses can match.

HSBC analyst Nicolas Cote-Colisson upgraded Apple to Buy from Hold and lifted his price target to $366 from $260.

He described the company as being at an “operational turning point,” arguing that restrained spending and its product pipeline could support the AI cycle.

The opportunity differs from Nvidia’s.

Nvidia earns when companies add computing capacity, but Apple could benefit downstream by persuading customers to replace devices, use more paid services and remain within its ecosystem.

A more capable Siri is central to that thesis because it could place generative AI before mainstream users without requiring a separate chatbot.

Citi analyst Asiya Merchant raised her target to $365 from $315 and retained a Buy rating, citing opportunities from Apple Intelligence, premium devices and market-share growth.

The initial payoff may come through engagement and services revenue rather than an immediate iPhone supercycle.

Apple must still prove its AI features can change customer behaviour.

Apple’s move above Nvidia is symbolically important, but it does not mark the end of Nvidia’s leadership.

The companies occupy different parts of the same value chain. Nvidia supplies computing power, while Apple offers a route into consumers’ lives.

Nvidia remains essential to AI infrastructure and could reclaim the market-value lead.

Apple also faces tests as its revamped Siri must work reliably, reach key markets and turn distribution into measurable revenue.

A large installed base provides opportunity, not guaranteed monetization.

Valuation is another risk. Apple’s rally has lifted expectations, leaving the shares vulnerable if device demand or services growth disappoints.

On June 22, AbbVie (ABBV +0.04%) announced that it would acquire Apogee Therapeutics (APGE 0.06%) for $10.9 billion in cash. Some investors celebrated the move, since it will add zumilokibart, a promising investigational medicine for eczema, to AbbVie's lineup and help it solidify its leadership in immunology. However, others may fear that, given how much it will spend on this buyout, the transaction may impact AbbVie's dividend program, one of the company's key selling points. My view is that income seekers have nothing to worry about. Here's why.

Image source: The Motley Fool.

A precedent that speaks volumes Expensive acquisitions can put downward pressure on a company's dividend program if they significantly reduce the cash available to be returned to shareholders. With AbbVie ending 2025 with $17.8 billion in free cash flow, some fear that this is what will happen. But it's worth noting that AbbVie is a Dividend King, or a corporation with 50 (or more) consecutive years of dividend increases, once we factor in the time it spent under Abbott Laboratories' wing.

Management is committed to maintaining this streak, because if AbbVie misses a single year of dividend increase, it will have to start from scratch and hope to join the ranks of Dividend King again in another 50 years. Besides, AbbVie will fund the acquisition with debt, meaning it won't deplete its cash balance.

It's worth considering how the largest acquisition in AbbVie's history -- and one of the largest ever in the pharmaceutical industry -- impacted its dividend program. The company bought Allergan for $63 billion in a mix of cash and stock in May 2020. This massive transaction did not harm AbbVie's dividend. Since 2020, the drugmaker's payouts have increased by 46.6%.

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The business is improving AbbVie's acquisition of Apogee Therapeutics may also lead to the company launching zumilokibart. This product could help drive solid revenue, earnings, and free cash flow growth, thereby strengthening the business and helping it maintain its dividend program. Once again, that's arguably what the Allergan acquisition did for AbbVie. The drugmaker was able to expand and diversify its lineup thanks to it, and products such as its Botox franchise and Vraylar, a schizophrenia medicine, helped it move beyond Humira's patent cliff.

So, this buyout will arguably be a net positive for AbbVie, especially if zumilokibart becomes as successful as the company expects. In the meantime, AbbVie is still depending on its two biggest growth drivers, Skyrizi and Rinvoq, to post strong financial results. And the company boasts several other exciting pipeline candidates, including in the fast-growing weight loss market. AbbVie remains a strong buy, given all these factors, especially for dividend-seeking investors.

SpaceX employees gather to watch Booster 20 as it rolls out of the SpaceX production facility for the launch pad as preparations continue for the 13th test flight of the Starship spacecraft... Purchase Licensing Rights, opens new tab Read more

July 19 (Reuters) - SpaceX (SPCX.O), opens new tab is targeting Thursday, July 23, for another ​attempt to launch its Starship rocket, the company ‌said in a statement on Sunday.

SpaceX CEO Elon Musk posted on X later on Sunday that the next Starship launch would ​occur on Friday, contradicting the earlier statement from ​his company. He did not say whether the ⁠original Thursday date was wrong.

The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.

On July 16, ​SpaceX's Starship rocket triggered a last-second abort before liftoff for its ​13th flight test from Texas, which erased about $100 billion from the company's market value.

SpaceX said it has modified Starship's propulsion system ​to address the engine issue experienced on the previous ​flight.

A launch delay for the $15 billion rocket development program better known ‌for ⁠dramatic engineering feats and explosive testing failures is not uncommon.

On Friday, SpaceX said it would attempt the launch on July 20.

The company has launched 12 Starship test flights ​since 2023.

On its ​13th flight ⁠test, Starship will carry 20 Starlink satellites to demonstrate its satellite-dispensing system and the Starlink ​network's laser communication links, but those satellites ​will ⁠follow the ship's suborbital trajectory and burn up in Earth's atmosphere soon after deployment.

In its prospectus, SpaceX said that ⁠it ​aims to launch the first Starlink ​satellites to orbit on Starship by year's end, followed by routine ​launches.

Reporting by Gursimran Kaur in Bengaluru; Editing by Matthew Lewis

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

When Alphabet (GOOG 2.06%)(GOOGL 2.05%) introduced Gemini 3.5 Flash at its I/O developer conference in mid-May, the company said the model's more powerful sibling, Gemini 3.5 Pro, would arrive in June. June came and went.

On Thursday, Bloomberg reported that the flagship AI (artificial intelligence) model is months behind schedule as Google works to improve its capabilities in coding -- and that some inside the company worry rivals OpenAI and Anthropic are shipping models that have passed Gemini by.

After peaking at $408.61 earlier this year, Alphabet shares closed Friday at $346.77, a decline of about 15%. That's a modest pullback by most standards. But it's a notable wobble for a stock that has been one of the market's favorite ways to bet on AI.

So, is the AI leader actually falling behind? Gemini 3.5 Pro is late -- that much is settled. But does the delay change the investment case? Alphabet's own numbers argue that it doesn't. At least not yet.

Image source: Alphabet Inc

A flagship model stuck in testing The timeline is what makes this delay notable. Google launched Gemini 3 in late 2025, and the 3.5 generation was supposed to continue a rapid release cadence, with the Flash version announced in May and the Pro version promised a month later.

Instead, according to Bloomberg's reporting, Google updated the data used to train Gemini in an attempt to improve its coding skills, and the results were disappointing.

Google hasn't announced a new launch date.

"We're currently testing 3.5 Pro, an upgraded Flash model, and other models with partners," the company said in a statement, adding that it is "shipping quickly across a wide range of models while keeping them highly cost-effective for customers."

After all, coding is arguably the main battleground for AI labs right now, and it's a big part of what enterprise customers pay for. A flagship model that can't yet clear the company's own bar there is an uncomfortable place for Google to sit while rivals keep shipping.

And the stakes are bigger than one product date. Alphabet expects capital expenditures of as much as $190 billion this year, much of it going toward the infrastructure behind its AI push. Spending on that scale assumes Gemini stays competitive at the frontier. A model that slips by a month is noise. A pattern of slipping models would worry me.

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A powerful business So far, there's no sign of that pattern in the results. Alphabet's revenue climbed 22% year over year to $109.9 billion in the first quarter, making it 11 quarters in a row of double-digit growth. Google Cloud revenue jumped 63% year over year to $20.0 billion, accelerating from 48% growth in the fourth quarter of 2025 and 34% in the third quarter. The cloud segment's operating income roughly tripled year over year to $6.6 billion. And Google Search & other revenue rose 19%, with management saying search queries hit an all-time high.

Demand for Gemini itself looks healthy, too. CEO Sundar Pichai said the company's cloud backlog nearly doubled from the prior quarter to over $460 billion, and that its models were processing over 16 billion tokens per minute through direct customer use, up 60% in three months.

"Our AI investments and full stack approach are lighting up every part of the business," Pichai said in the company's first-quarter earnings release.

In other words, customers don't appear to have been waiting on Gemini 3.5 Pro before signing contracts this spring.

Of course, the delay still deserves attention. Alphabet trades at about 25 times forward earnings -- a price that assumes growth rates remain robust. If Gemini were to fall a full generation behind OpenAI and Anthropic, the AI demand filling that cloud backlog could become harder to defend, and the AI features now driving search usage could start to lag rivals. Ultimately, however, I don't think one late model gets Alphabet anywhere close to that point. But it's the right risk to watch.

Fortunately, investors won't wait long for fresh evidence. Alphabet is scheduled to report second-quarter results on Wednesday, July 22. I'll be watching two things: Google Cloud's growth rate and any launch timing management offers on Gemini 3.5 Pro.

Taiwan Semiconductor Manufacturing (TSM 2.96%) may be one of the most important companies to the health of the AI infrastructure build-out. Its foundries churn out the logic chips designed by nearly every one of the major players in the space, and it just made an announcement that supports the idea that we're still in the early innings of the AI build-out. During its second-quarter earnings call, it announced it would make an additional $100 billion investment in expanding its chipmaking facilities in Arizona. If Taiwan Semiconductor suspected that the AI build-out was nearing completion, it wouldn't be increasing its production capacity.

Given its leading position in a still-growing space, I think Taiwan Semiconductor is one of the lowest-risk, highest-potential-reward options in the market, and it still looks like a phenomenal investment now, even after rising over 30% so far this year.

Image source: Taiwan Semiconductor Manufacturing Company.

AI computing power starts with Taiwan Semiconductor Taiwan Semiconductor is the world's leading third-party chip foundry, which means it takes chip designs from its clients and manufactures them on their behalf. Its customers include tech giants Nvidia, AMD, Apple, Broadcom, and Tesla. This puts TSMC in a strong position, as it often manufactures chips for rivals such as Nvidia and AMD, allowing it to profit regardless of which of those customers is winning in the marketplace. Taiwan Semiconductor accounts for nearly three-quarters of all semiconductor industry revenue in the world, according to research by The Motley Fool. During the quarter, 66% of its revenue came from high-performance computing, showcasing that AI is eating up a lot of Taiwan Semiconductor's production capacity, and explaining its plan to expand its Arizona foundries.

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Taiwan Semiconductor is one of the top ways to invest in the AI arms race, and it's honestly not as expensive as you might guess, considering its solid growth rate. (Revenue grew by 34% in U.S. dollars during Q2.) At 24 times forward earnings, Taiwan Semiconductor trades at only a small premium to the S&P 500 (^GSPC 1.01%), which averages 21.7 times forward earnings.

TSM PE Ratio (Forward) data by YCharts.

Few companies have as much guaranteed success as Taiwan Semiconductor does as long as spending on AI computing power remains robust. All signs point to that assumption remaining correct over the next few years, which gives me confidence that Taiwan Semiconductor will be a market-crushing stock over that period, making it a no-brainer buy today.

Keithen Drury has positions in Broadcom, Nvidia, Taiwan Semiconductor Manufacturing, and Tesla. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Broadcom, Nvidia, Taiwan Semiconductor Manufacturing, and Tesla. The Motley Fool has a disclosure policy.

The Boeing logo on the doors to the Boeing factory in Renton, Washington, U.S., April 15, 2026. REUTERS/Genna Martin Purchase Licensing Rights, opens new tab

LONDON, July 19 (Reuters) - Boeing (BA.N), opens new tab said on Sunday it remains on track to deliver two new Air Force One ​jets in 2028, but meeting that target will ‌require additional spending on a program already years behind schedule and billions of dollars over budget.

Boeing was awarded a $3.9 billion contract in ​2018 to build the aircraft, though costs have ​since ballooned to more than $5 billion. The aircraft are ⁠intended to replace the current Air Force One planes, ​which entered service in 1990.

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"We're on track for 2028," Steve ​Parker, CEO of Defense, Space & Security, told reporters ahead of the Farnborough Airshow in the UK, adding that he expected the first ​aircraft to begin testing next year.

"I do expect to ​see some cost growth there as we come through and we finish ‌off ⁠the wiring and the structures, as well as finishing up our own certifications."

In May 2025, the United States accepted a luxury Boeing 747 from Qatar for use as a ​temporary presidential aircraft. ​The jet ⁠has since entered service as a bridge aircraft. Security concerns led President Donald Trump to ​forgo flying the Qatari jet home from Turkey, ​opting ⁠instead to return aboard an older Air Force One.

The Air Force One program involves converting two Boeing 747-8 aircraft into highly ⁠specialized ​jets equipped with advanced communications and ​defensive systems. Even with a 2028 delivery, the program would be running four ​years behind schedule.

Reporting by Joe Brock; Editing by Sharon Singleton

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

Joe Brock is Reuters' aerospace and defense editor, based in Los Angeles, where he leads a global team of reporters covering airlines, aerospace, weapons manufacturers, and the space industry. Joe has previously worked in Singapore, Johannesburg, Abuja and London as a reporter and bureau chief. He has received several awards for his investigative journalism, including from the Society for Advancing Business Editing and Writing and The Society of Publishers in Asia.

Netflix (NFLX 7.26%) was down 8.2% in after-hours trading on July 16 at 5:53 PM EDT -- falling to $68.23 per share as investors digested its second-quarter 2026 earnings and weak third-quarter guidance. The problem is abundantly clear -- most of Netflix's revenue growth is coming from price increases.

Netflix's third price increase in less than three years marked a 12.5% jump in U.S. ad-supported monthly pricing, an 11.1% boost in U.S. standard monthly pricing, and an 8% increase in U.S. premium monthly pricing. In its latest quarter, Netflix reported a 13.4% year-over-year increase in revenue and is guiding for a 11.7% year-over-year increase in third-quarter revenue. Which sounds good on paper, until you factor in the glaring reality that price increases are the majority of revenue growth.

Here's what the results mean for investors, how they help paint the picture of why Netflix pursued major acquisitions, and if the growth stock is a buy now.

Image source: Netflix.

Competition for capturing user screen time is intensifying In February, Netflix declined to raise its offer to buy Warner Bros. Discovery, losing the bid to Paramount Skydance. Netflix was also in the hunt to buy Roku before being outbid by Fox Corp. in June.

The moves were somewhat alarming, given Netflix's history of organic growth through licensing and producing its own content. But investors have been concerned that Netflix's viewer engagement is under pressure from a slew of competitors in traditional media, streaming services, gaming, and user-generated content on platforms like Alphabet-owned YouTube.

At its core, Netflix's business model is to have subscription revenue exceed content costs. The more subscription revenue, the more demand for content. And as its global subscriber base has grown and Netflix has aggressively raised prices, there's more pressure for it to produce high-quality, engaging content.

In its July 16 shareholder letter, Netflix emphasized the importance of content quality:

We've used "engagement" as a shorthand for the value we deliver members. But, as we've developed an increasingly sophisticated understanding of how consumers ascribe value to our service, we know not all hours are equal. Time spent is just one aspect of strong engagement -- quality and variety also matter. The key is to improve across all of those dimensions: quality, variety, and quantity.

In practice, Netflix's definition of quality seems to revolve around proven content, such as Warner Bros. Discovery's intellectual property, including franchises like the DC and Harry Potter universes, Game of Thrones, Looney Tunes, and more. Proven content also includes Netflix's push into sports through the latest MLB Home Run Derby on July 13 and marquee NFL games like opening week, Thanksgiving Eve, Christmas Day, and week 18.

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Two sides to the Netflix narrative The glass-half-empty view of Netflix is that the company is desperately trying to buy content at premium prices to keep subscribers engaged and justify price increases. And that Netflix could eventually resemble a modern-day network with an emphasis on live-streamed events rather than pre-produced shows and movies. Netflix's quarter after quarter of slowing growth and dependence on price increases is fueling that narrative, which is why the stock is tanking.

However, the glass-half-full view on Netflix is that the company is simply bigger than it used to be and has the deep pockets to branch into new markets rather than relying heavily on its own content. To its credit, Netflix isn't willing to pay any price for content, as evidenced by its willingness to be outbid by much smaller companies in Paramount-Skydance and Fox. And Netflix has collected a sizable consolation prize in the process through its $2.8 billion termination fee from Warner Bros. Discovery.

Netflix's latest results are disappointing, and it was a mistake in hindsight to raise prices so much in just a few years. But the stock's decline reflects that pessimism -- with Netflix sporting its lowest valuation in years -- trading at just 19.1 times 2026 full-year earnings estimates as of its after-hours price at the time of this writing.

Netflix is no stranger to taking risks Netflix has always been a risk-taking company, from disrupting Blockbuster through mail-order DVDs to pioneering the modern streaming platform to producing award-winning live-action and animated series and movies. Each evolution has been riddled with bumps along the way and periods of investor loss of confidence. And right now, Netflix is enduring another such period as investors question the price it is willing to pay for quality entertainment and if it's making the right choices with sports and pushing into daytime and mobile device viewing.

So while it's understandable if some investors want to wait for the dust to settle and for Netflix to regain its footing, folks who are confident in Netflix's long-term strategy are getting an impeccable opportunity to buy the streaming service stock at a dirt-cheap price.

Amazon (NASDAQ: AMZN | AMZN Price Prediction) and Shopify (NASDAQ: SHOP) sit on opposite sides of the same retail transaction.

Amazon owns the storefront, warehouse, and increasingly the cloud powering everyone else. Shopify arms independent merchants competing against it. Both posted Q1 2026 results beating revenue expectations, and the contrast reveals where commerce and AI money is flowing.

AWS Reaccelerates While Shopify Crosses $100B in GMV Amazon reported $181.519 billion in revenue, up 16.61%, with EPS of $2.78 against a $1.653 estimate. AWS drove the headline, hitting $37.587 billion in cloud revenue, up 28%, the fastest pace in 15 quarters.

Andy Jassy told investors the chips business (Trainium, Graviton, Nitro) crossed a “$20 billion revenue run rate (growing triple digits year-over-year)”. Advertising cleared $70 billion trailing twelve months, a real second engine.

Shopify reported $3.17 billion in revenue, but growth ran hotter at 34.32%, accelerating from 27% in Q1 2025. Merchant Solutions grew 39% to $2.42 billion. GMV crossed $100.74 billion for the quarter for the first time, up 35%.

Operating income nearly doubled to $382 million, though a $941 million mark-to-market equity hit pushed GAAP net income to negative $581 million. Underlying profit was $360 million.

One Builds the AI Backbone, the Other Arms Merchants Amazon is spending like a utility. Q1 capex was $44.203 billion, up 76.68%. Anthropic committed to up to 5 GW of Trainium capacity, OpenAI to roughly 2 GW. Polymarket traders assign a 98.5% probability that Amazon 2026 capex exceeds $170B, and 86.5% above $200B. That is a substantial bill for AWS to justify.

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

Shopify took the opposite approach: capex of $5 million, free cash flow of $476 million, and $491 million in buybacks under a fresh $2 billion program. Merchant lending originations hit $1.349 billion, turning Shop Capital into a real financial services line.

Lens Amazon Shopify Core bet AI infrastructure and custom silicon Merchant tools, payments, lending Q1 capex $44.2B $5M P/E 31 121 Key risk Capex payback timeline SMB merchant health, loan losses The Next Test Is Whether Capex and Consumer Spending Cooperate Amazon guided Q2 revenue to $194 billion to $199 billion. Shopify guided revenue growth in the high-twenties percentage range with mid-teens free cash flow margin. Watch whether Bedrock token growth and Trainium deployments start pulling AWS margins higher despite capex drag. For Shopify, monitor credit losses inside that $1.35 billion lending book if SMB spending softens.

Post-earnings action split. Amazon slipped 5% since its report as the market weighed capex. Shopify recovered 16.19% from its post-earnings dip, though shares are down 22.31% year to date.

The Case for Amazon on Valuation Amazon offers AWS growing 28% at a 37.7% operating margin, a real ads business, and a chip franchise Reddit compares to AMD and Broadcom, at a P/E of roughly 31. Shopify’s growth is faster, but a 121 trailing P/E leaves little room for consumer weakness.

For higher-beta commerce exposure, Shopify fits. For AI infrastructure at a reasonable multiple, Amazon is cleaner. The setup to watch is whether capex begins converting to cash in the second half.

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

Contact [email protected] for any questions or corrections.

The share prices of space economy stocks may be sinking, but that does not make the sector any less important to the future of the global economy. Space Exploration Technologies (SPCX 5.43%) is the best-known of these space businesses due to its famous founder, Elon Musk, its recent record-breaking initial public offering, and its market cap of $1.75 trillion.

But this is not the only space economy company today vying to dominate the skies. Enter Rocket Lab (RKLB +0.59%). The rocket launch company just made a massive $8 billion acquisition to start directly competing with SpaceX's Starlink segment, setting off the starting gun for a collision course for the two ambitious businesses.

Which is the better buy for your portfolio right now?

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Vertically integrated space services Rocket Lab has announced its intention to buy Iridium Communications for $8 billion. Iridium has a satellite constellation for global connectivity, as well as important rights to L-band spectrum, which can cost billions of dollars in today's market. With Rocket Lab's launch and satellite manufacturing capabilities, the combined business will be able to vertically integrate to grow a satellite internet business to serve both civilians and the United States military.

This will put Rocket Lab on a collision course with SpaceX, which is already the leader in satellite internet with Starlink. Starlink has 10 million subscribers, $11.4 billion in annual revenue, and is growing quickly. Iridium generated $872 million in revenue last year, more than Rocket Lab but well below what SpaceX is achieving in satellite internet services.

For Rocket Lab, everything hinges on its ability to catch up with Starlink's customer value proposition and get its new, larger rocket, called the Neutron, operational. With much heavier payloads, Neutron will be able to deliver more satellites -- both internally and for third-party customers -- to orbit much faster.

Image source: Getty Images.

Which stock is the better buy? Both Rocket Lab and SpaceX trade at premium valuations, even after this post-SpaceX IPO dip for the entire space sector. Rocket Lab trades at a price-to-sales ratio (P/S) of 54, while SpaceX is still near 100 based on its 2025 figures.

To be fair, both businesses are growing quickly and are poised to lead the fast-growing space economy. However, the average S&P 500 stock trades at a P/S ratio of about 3.7, which is actually near a record high, meaning that these two space economy stocks trade at ultra-premiums.

If I had to choose, the lower P/S ratio and $40 billion market cap would put Rocket Lab ahead of SpaceX as a potential buy today. But for my individual portfolio, neither is close to making the cut.

Tesla (TSLA 2.47%) heads into its second-quarter earnings report this Wednesday, July 22, carrying two stories that can't both be right. The electric-car maker just delivered 480,126 vehicles in Q2, up 25% year over year and its highest quarterly total since the third quarter of 2025. Yet the stock sits at about $391 as of this writing, down 22% from its 52-week high of $498.83.

And one Wall Street firm thinks the decline is just getting started. Last week, Wells Fargo raised its Tesla price target to $130 from $125 while keeping its underweight rating. From today's price, that target implies a drop of about 67%.

The firm's reasoning, in essence, is that Tesla is selling more cars than it has in any quarter since the third quarter of 2025 but earning less on each one, with price cuts and rising input costs (memory chips, copper, and lithium among them) eating away the gains.

So, who's right?

Image source: The Motley Fool.

The bull case is already public The strongest evidence for the bulls is volume. Tesla's 480,126 second-quarter deliveries were up 25% from the 384,122 vehicles it delivered in the year-ago quarter.

Delivery growth is also accelerating, up from a 6% year-over-year increase in the first quarter. After a long stretch of shrinking vehicle sales, growth is back.

The rest of the business is moving again, too. First-quarter revenue rose 16% year over year to $22.4 billion, with services and other revenue climbing 42%.

And after a soft first quarter in which energy revenue fell 12% year over year, energy storage deployments rebounded to 13.5 gigawatt-hours in Q2, up 41% from the year-ago period and up sharply from 8.8 gigawatt-hours in Q1.

Even the businesses investors are really paying up for are progressing. Tesla launched unsupervised robotaxi rides in Dallas and Houston in April, and it received approval for Full Self-Driving (Supervised) in the Netherlands the same month. Its active Full Self-Driving (Supervised) subscriptions reached 1.28 million in the first quarter, up 51% year over year.

And the company has the resources to keep funding its ambitions in autonomy and robotics. Tesla ended Q1 with $44.7 billion in cash, cash equivalents, and short-term investments, up from $44.1 billion at the end of 2025.

That's an improving picture, and I don't think the bears can dismiss it.

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The bear case, in numbers The problem, as Wells Fargo frames it, is what all of that volume actually earns.

Tesla's first-quarter operating margin was just 4.2%, down from 5.7% in the fourth quarter of 2025. Net income was $477 million on $22.4 billion of revenue, which works out to earnings per share of $0.13. Over the trailing 12 months, Tesla has earned $1.09 per share.

At about $391, then, the stock trades at about 360 times earnings.

That is the entire debate in one number. A multiple like that isn't pricing in a good quarter on Wednesday. It's pricing in years of things going right, including a robotaxi business that scales into a major profit stream while the core car business stays healthy the whole way.

And consider this detail. Even at Wells Fargo's $130 target, Tesla would still trade at about 120 times earnings. In other words, even the bear case values Tesla like a premium growth company -- that's how much optimism is baked into today's price.

The honest answer is that Wednesday's report can't fully settle this. After all, the bear case is about profits, and the bull case, so far, is mostly about volume. But the report should show which way the gap is closing.

Watch whether operating margin recovers from Q1's 4.2%. Watch what the second-quarter deliveries did to pricing. And watch energy, where a second-quarter rebound in deployments needs to show up in revenue and profit, too.

I don't expect a 67% plunge. A decline like that would probably require the market to stop paying for Tesla's autonomy story almost entirely, and the company keeps making measurable progress on it. But Wells Fargo's underlying framing, I think, is the right one. At this valuation, deliveries alone aren't enough. Profits have to follow.

Until they do, I wouldn't buy the stock ahead of Wednesday's report.

If Tesla can show margins turning up while deliveries grow, the bulls will have earned the next word. If it can't, a 22% discount from the high may not turn out to be much of a discount at all.