Track market-moving stories before they get noisy

Key Takeaways Onto Innovation is gaining from AI demand, advanced packaging and HBM manufacturing growth.ONTO sees growth from Dragonfly G5, Atlas G6 and expanding advanced packaging applications.ONTO trades above industry valuation, while estimates for 2026 and 2027 have moved higher. Shares of Onto Innovation, Inc. (ONTO - Free Report) have surged 25.5% over the past month compared with the Zacks Nanotechnology industry’s growth of 24.7%. The company has outpaced the Zacks Computer and Technology sector and the S&P 500 composite’s plunge of 4.3% and 0.9%, respectively. The rally reflects growing investor optimism surrounding the company's exposure to AI, advanced semiconductor packaging and HBM manufacturing. As chipmakers continue to invest aggressively to meet demand for AI infrastructure, Onto Innovation has emerged as one of the beneficiaries of this trend.

Image Source: Zacks Investment Research

ONTO’s key competitors include KLA Corporation (KLAC - Free Report) , Camtek Ltd (CAMT - Free Report) and Nova Ltd. (NVMI - Free Report) . KLAC has grown 25.3%, while CAMT and NVMI plummeted 15.2% and 5.2%, respectively, in the same time frame.  

After such a sharp move, however, investors naturally face an important question: Is it still worth buying ONTO, or has the rally already priced in most of the good news? Let's examine what's driving the stock higher, the company's long-term prospects and whether investors should buy, hold, or wait for a better entry point.

Advanced Packaging Becomes a Major Growth Driver for ONTOThe company sees high growth potential in advanced packaging, silicon photonics, panel-level packaging and related applications. Advanced packaging is expected to grow more than 50% in 2026, driven by the rapid expansion of AI and next-generation semiconductor technologies. Silicon photonics is already moving into volume production as AI servers require faster data transfer and lower power consumption. The panel-level packaging market, currently valued at roughly $200 million, also has significant room for expansion as the industry increasingly adopts panel-based manufacturing and chiplet architectures.

At the same time, demand for smaller and denser interconnects, with bump sizes below 6 microns, continues to rise, creating additional opportunities across the advanced packaging ecosystem. Despite ongoing supply chain headwinds, lead times remain well-managed, and companies have reported no major impact on customer commitments or delivery schedules. Onto Innovation sees a strong growth runway in the 2.5D logic market, supported by deeper engagement with a key customer and an expanding set of applications. Previous system limitations have been removed, enabling the company to pursue more than 15 applications that were previously out of reach, expanding its serviceable addressable market.

Management also indicated that its current outlook may be conservative, leaving room for upside in the second half of the year, with the momentum expected to extend into 2027 as customer adoption broadens. At the same time, the company is benefiting from a more diversified customer base, as advanced packaging customers increasingly outsource high-value process steps. By strengthening its position with outsourced manufacturing partners, ONTO is reducing customer concentration, expanding its market reach and building a more diversified and sustainable long-term revenue base.

ONTO continues strengthening its competitive edge through multiple product wins and market expansion efforts. Its Dragonfly G5 inspection system has been qualified by a top 2.5D logic customer, with shipments already ahead of schedule and demand expected to grow through 2026. Further, the Atlas G6 platform is gaining momentum in advanced-node manufacturing, with management predicting 25% growth in 2026. A new through-silicon via metrology application is set for initial shipments in the second half of 2026.

Image Source: Zacks Investment Research

For 2027, it anticipates outpacing wafer fab equipment industry growth through ongoing market share gains, driven by Dragonfly G5's nearly $1 billion addressable market, the continued expansion of Atlas G6 in gate-all-around applications, new surface charge metrology and panel-level packaging offerings and a strong pipeline of new applications for a wider customer base.

Risks Faced By ONTODespite its strong long-term prospects, Onto Innovation faces several risks. The semiconductor equipment industry remains highly cyclical, making customer spending vulnerable to shifts in inventory levels and end-market demand. The company also relies on a handful of large semiconductor customers, leaving results exposed to delays in capital spending. In addition, export controls and geopolitical tensions continue to create uncertainty for semiconductor equipment suppliers, potentially limiting future growth opportunities. Intense competition from larger industry players further pressures Onto Innovation to continue heavy R&D investments to maintain its technological edge.

Favorable Estimate Revision Trend for ONTOEarnings estimates for ONTO have moved up for both 2026 and 2027 over the past 60 days.

Image Source: Zacks Investment Research

Is ONTO’s Valuation Becoming Stretched?Valuation is the primary concern after ONTO's 26% rally, with semiconductor equipment stocks typically trading at rich multiples during upcycles. In terms of forward price/earnings, ONTO’s shares are trading at 41X, higher than the industry’s 8.05X.

Image Source: Zacks Investment Research

KLAC, CAMT and NVMI are trading at multiples of 71.69X, 43.13X and 47.12X, respectively.

Should Investors Buy, Hold or Fold ONTO Stock?Onto Innovation has become one of the more compelling semiconductor equipment companies benefiting from the AI boom. The recent rally reflects investors' growing confidence in these opportunities, but it also raises valuation expectations. While the stock may experience near-term volatility after such a sharp advance, the company's long-term fundamentals remain solid.

For existing shareholders, the recent surge reinforces the strength of Onto Innovation's business model and supports a hold stance, particularly for those with a multi-year investment horizon. For prospective investors, the company remains attractive, but initiating a position gradually or waiting for a pullback could offer a more balanced entry point.

ONTO currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 

Key Takeaways Sterling's Transportation Solutions revenues rose 10% and adjusted operating income increased 26% in Q1 2026.STRL's Transportation Solutions backlog reached $1.04 billion, up 20% year over year.Sterling is shifting resources to higher-return E-Infrastructure projects to improve efficiency. Sterling Infrastructure, Inc. (STRL - Free Report) has built a diversified business across multiple infrastructure markets, with Transportation Solutions remaining an important contributor to its long-term strategy. While the segment may not attract as much attention as the company's faster-growing businesses, it plays a meaningful role by generating stable earnings, supporting efficient resource allocation and strengthening the overall operating model.

In the first quarter of 2026, Transportation Solutions generated revenue growth of 10%, while adjusted operating income increased 26% due to strong execution and a favorable mix of higher-margin projects. Segment backlog reached $1.04 billion, up 20% year over year, providing healthy revenue visibility. Sterling expects Transportation Solutions to deliver low to mid-single-digit revenue growth in 2026, although growth is likely to moderate following an unusually strong first quarter that benefited from favorable weather and earlier-than-expected project starts.

Another factor enhancing the segment's value is its evolving role within Sterling's operating model. Sterling is reducing exposure to lower-margin highway work in Texas while redeploying equipment and operational resources to higher-return projects. This approach improves asset utilization, supports stronger capital efficiency and allows the segment to play a broader role in Sterling's long-term growth strategy. Transportation Solutions also serves as a reliable cash-generating business, providing financial flexibility to support investment across other growth initiatives.

Transportation Solutions may not be the primary growth engine, but the ability to generate consistent cash flow, improve resource utilization and support expansion across the broader business makes it an increasingly valuable part of Sterling's long-term growth strategy.

How Sterling Compares With Key Infrastructure RivalsSterling operates in attractive infrastructure markets supported by data center expansion and broader investment in digital and industrial infrastructure. Two notable competitors are MasTec, Inc. (MTZ - Free Report) and EMCOR Group, Inc. (EME - Free Report) , both of which have established positions across large-scale engineering and construction projects.

MasTec has built a diversified infrastructure platform spanning communications, power delivery, clean energy, pipeline and civil construction. The company is benefiting from rising investments in AI-driven data centers, grid modernization and connectivity infrastructure, while also expanding its turnkey capabilities for mission-critical projects. These strengths position MasTec as a significant competitor in infrastructure projects linked to data center growth.

EMCOR is another major competitor with strong capabilities in electrical and mechanical construction and building services. The company continues to see robust demand from data centers, manufacturing, healthcare, institutional and water infrastructure markets, supported by expertise in complex mission-critical projects and long-standing customer relationships. While EMCOR serves a broader mix of end markets, the growing exposure to data center construction places it in direct competition for large infrastructure opportunities.

STRL Stock’s Price Performance & Valuation TrendShares of this Texas-based infrastructure services provider have gained 153.6% year to date, outperforming the Zacks Engineering - R and D Services industry, the broader Construction sector and the S&P 500 Index.

STRL’s Price Performance (YTD)
Image Source: Zacks Investment Research

STRL stock is currently trading at a premium compared with its industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 34.54, as shown in the chart below.

STRL's P/E Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research

Earnings Estimate Revision of STRLSTRL’s earnings estimates for 2026 and 2027 have moved upward in the past 30 days to $19.12 and $25.83 per share, respectively, as shown below. The revised estimates for 2026 and 2027 imply year-over-year growth of 75.7% and 35.1%, respectively.

Image Source: Zacks Investment Research

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

Key Takeaways Cohu's outlook rests on turning AI, HPC and HBM opportunities into durable revenue growth.Cohu sees a $750M HPC pipeline and expects $80M-$100M in HPC-related revenues in 2026.Cohu expects HBM revenue to rise about 80% to roughly $20M in 2026, supported by repeat orders. Cohu, Inc. (COHU - Free Report) is drawing more attention as AI infrastructure spending raises the need for advanced semiconductor test, inspection and thermal-control equipment.

The investment case now rests on whether Cohu can convert its AI, high-performance computing and HBM opportunities into durable revenue growth while repairing profitability.

How Cohu Makes Money TodayCohu supplies semiconductor test and inspection equipment, software analytics, interface products, spares and services that help chipmakers improve yield and productivity.

Its business is split between systems revenue and recurring revenue. In 2025, semiconductor test and inspection systems accounted for 40% of net sales, while recurring revenues made up 60%.

That recurring base includes interface products, software, spares and services. It gives Cohu a steadier revenue stream than equipment orders alone, which remain tied to customer capital-spending cycles.

Cohu serves IDMs, OSATs and fabless chip companies across automotive, industrial, mobile, consumer, HPC and AI applications.

COHU Finds a New AI Growth LaneThe biggest change in Cohu’s story is its growing exposure to AI processors and high-performance computing. Management now sees an HPC opportunity pipeline of about $750 million, including roughly $650 million in test handlers and $100 million in HBM inspection.

The opportunity is tied to higher chip complexity. AI accelerators, GPUs and xPUs generate intense heat, making precise thermal control during testing more important for yield, performance validation and reliability.

Cohu expects $80 million to $100 million in HPC-related revenues in 2026. The Eclipse handler platform, supported by active thermal control, is central to that push.

Teradyne (TER - Free Report) is a relevant peer because it designs and manufactures automated test equipment for semiconductor and electronics products. KLA Corporation (KLAC - Free Report) also frames the competitive backdrop, given its role in process control, inspection, metrology and yield-management systems.

Cohu Sees HBM Demand Add Another CatalystHBM inspection gives Cohu another AI-linked growth channel. The company’s Neon inspection platform supports demand tied to AI workloads and advanced memory requirements.

Cohu expects HBM-related revenue to rise about 80% year over year to roughly $20 million in 2026. Repeat orders from major customers support the view that the platform is gaining traction.

The company is also investing for next-generation HBM requirements. That matters because HBM3, HBM4 and future memory architectures require tighter inspection and metrology as performance and package complexity rise.

Why COHU Still Carries Real RiskThe bullish case is not without limits. Much of Cohu’s AI and HPC pipeline remains in qualification or early engagement, so customer traction has not fully translated into booked, recurring revenue.

The company also operates in a cyclical semiconductor equipment market. Demand can shift quickly with utilization rates, customer inventory cycles and capital spending.

Competition remains another risk. Larger rivals have deeper scale, broader customer reach and significant R&D budgets.

Profitability is also still a work in progress. Cohu reported a GAAP loss in the first quarter of 2026, while operating expenses rose as the company increased spending to support HPC opportunities.

What COHU Signals Say Right NowThe bottom line is that Cohu’s business momentum is improving, but the stock still carries a mixed fundamental profile. AI processor testing, HBM inspection and recurring revenue provide credible growth levers, while execution risk and weak profitability keep the outlook balanced.

COHU currently carries a Zacks Rank #2 (Buy), which points to a favorable short-term earnings-estimate setup. That supports investor interest in the stock over the next one to three months. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

However, the Zacks Style Scores are less clean. COHU has a VGM Score of F, with a Value Score of F, Growth Score of B and Momentum Score of F.

The Growth Score of B highlights better growth characteristics, but the weak Value, Momentum and VGM readings suggest the stock does not yet offer an all-around attractive profile across those style categories. For now, COHU looks like a recovery-and-AI growth story that still needs stronger profitability follow-through.

Key Takeaways Alto Ingredients is expanding Pekin dry mill capacity by about 8%, adding roughly 5 million gallons annually.ALTO expects higher production from Q4 2026, increasing gallons eligible for Section 45Z tax credits.Alto Ingredients is adding logistics infrastructure to improve shipment flexibility and plant efficiency. Alto Ingredients, Inc. (ALTO - Free Report) is investing in additional production capacity at the Pekin dry mill as it looks to improve operational efficiency while capturing greater value from favorable industry incentives. Rather than building new facilities, the company is focusing on debottlenecking its most efficient plant, a move designed to increase output with relatively modest capital investment while strengthening profitability.

The project will be completed during a planned outage in June and is expected to increase the Pekin dry mill's annual production capacity by about 8%, or roughly 5 million gallons. Alto Ingredients expects the higher production rates to begin contributing from the fourth quarter of 2026. The additional volumes are expected to do more than boost production. These are expected to help improve plant utilization and create additional margin opportunities by increasing the number of gallons eligible for Section 45Z clean fuel production tax credits.

The company is also investing in supporting infrastructure at Pekin. In the first quarter, Alto Ingredients started repairs on its original dock and began construction of a second alcohol loadout facility, which is expected to improve logistics and provide added flexibility for shipments.

The expansion highlights Alto Ingredients’ strategy of generating more value from existing assets rather than pursuing large-scale expansion projects. With higher output, better logistics and greater access to clean fuel incentives, Pekin is becoming a central part of the company's operational improvement efforts in 2026.

How ALTO's Strategy Compares With PeersGreen Plains Inc. (GPRE - Free Report) has been prioritizing efficiency and carbon-intensity reduction projects across its ethanol network. In the first quarter of 2026, Green Plains highlighted investments in grain storage, low-energy distillation and other upgrades aimed at improving plant economics and lowering operating costs. Green Plains also expects these projects to increase eligibility for 45Z-related benefits over time.

MGP Ingredients, Inc. (MGPI - Free Report) has also been focused on improving asset utilization and operational efficiency across its production network. In the first quarter of 2026, MGP Ingredients highlighted initiatives to improve reliability, throughput and production efficiency while reducing waste and disposal costs. MGP Ingredients is also undertaking targeted maintenance and capital projects designed to enhance operational performance and generate better returns from existing assets.

ALTO Stock Price Performance, Valuation & EstimatesShares of Alto Ingredients have surged 415.5% over the past year compared with the industry’s growth of 5.4%.

Image Source: Zacks Investment Research

From a valuation standpoint, ALTO trades at a forward price-to-sales ratio of 0.46, lower than the industry’s average of 3.14.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Alto Ingredients’ 2026 and 2027 earnings per share implies a year-over-year rise of 671.4% and 53.7%, respectively.

Image Source: Zacks Investment Research

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

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SummaryCoreWeave, Inc. maintains a Strong Buy rating, supported by a $99.4 billion backlog and sold-out 2026 capacity.CRWV trades at a forward sales multiple far below peers Nebius and IREN, despite triple-digit revenue growth and rising pricing power.Backlog quality has improved, with investment-grade customers now comprising over 70% of future commitments and robust pricing momentum across its fleet.Balance sheet risk exists due to high capex and negative free cash flow, but contracted demand and margin expansion potential outweigh near-term CRWV funding concerns. quantic69/iStock via Getty Images

CoreWeave, Inc. (CRWV) just posted its strongest bookings in history. Backlog climbed to $99.4 billion, the company sold out of its 2026 capacity, and it even raised its prices across its fleet. Then the stock sold off with every

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Employees work at the Tesla Gigafactory during a government-organised media trip in Shanghai, China, April 14, 2026. REUTERS/Go Nakamura Purchase Licensing Rights, opens new tab

CompaniesBEIJING, July 2 (Reuters) - Tesla's (TSLA.O), opens new tab China-made electric vehicle sales rose for an eighth month in June, supported by an extended ​recovery in the U.S. automaker's European sales.

Deliveries of Model ‌3 and Model Y vehicles made in its Shanghai plant, which is also an export hub for Europe, grew 24.4% from a year ​earlier to 89,091 units, data from the China Passenger ​Car Association showed on Thursday. The increase followed ⁠a 39.4% gain in May.

Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.

For the second quarter, Tesla's combined ​China sales and exports from the Shanghai factory were up ​32.8% year-on-year.

Later on Thursday, the EV specialist is expected to report a 5% year-over-year increase in global vehicle deliveries to 402,780 vehicles over the past ​quarter, buoyed by stronger demand in Europe where a ​spike in fuel prices following the U.S.-Israel conflict with Iran has prompted ‌more ⁠consumers to turn to EVs.

The recovery in Europe and resilient demand in China are expected to help offset declining sales in North America.

Even so, the results could leave the door for ​its biggest ​Chinese rival, BYD (002594.SZ), opens new tab, ⁠to retake the title of the world's top EV seller after briefly ceding it to ​Tesla in the first quarter.

BYD, which posted a ​second ⁠consecutive month of sales growth in June, sold 557,090 battery-electric vehicles globally in the second quarter, underlining the strength of its ⁠overseas ​expansion, particularly in Europe, as it ​seeks to diversify beyond China's fiercely competitive domestic market.

Reporting by Qiaoyi Li, Zhang ​Yan and Ju-min Park; editing by Barbara Lewis and Louise Heavens

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

Google logo is seen on a building during the opening of Google new office space in Krakow, Poland on June 22, 2026. Located in Tertium Business Park building, the offICE is a second location for Google in the city. (Photo by Beata Zawrzel/NurPhoto via Getty Images)

NurPhoto via Getty Images

This article was written by Doug Nathman, with research by his team at Trefis.

Behind the "AI" excitement lies the underlying narrative: a growing order book that indicates demand is surpassing the company's capabilities.

Alphabet (GOOGL) shares have exhibited outstanding performance, achieving a gain of 104% over the last year. Following such a notable increase, a crucial inquiry arises regarding what could facilitate further advancement. The straightforward answer is "AI," but that has morphed into a catchphrase. The genuine story is more detailed, more concrete, and it comes with a significant figure attached.

Where Is The Expansion Concealed? In A $462 Billion Order Book.Beyond the lofty assertions of artificial intelligence, it is beneficial to examine the foundational infrastructure. Alphabet's genuine engine of surprise currently is Google Cloud. In the most recent quarter, Cloud revenue surged to a 63% increase, surpassing $20 billion for the first time. This stands impressive by itself. Yet the real narrative lies within the backlog, the quantity of future business commitments made by customers. It nearly doubled within a single quarter, soaring to $462 billion. For reference, that exceeds the company's total revenue from the past year. This is not mere hype; it reflects a substantial backlog of signed agreements, driven by what management identifies as their "primary growth driver for cloud for the first time": enterprise AI solutions.

But Is This A Beneficial Issue Or Just A Dilemma?Despite all this growth, management made a significant acknowledgment: "we are compute constrained in the near term." They noted that "cloud revenue would have been higher had we been able to meet the demand." In essence, demand is so robust that they are unable to fulfill it all at present. This type of challenge is a dream for most companies. It affirms the exceedingly strong demand but also introduces a vital tension: the company must now enhance its capacity before this remarkable demand becomes a limiting ceiling on growth.

Why The Investment Surge Is The Bull Scenario.Alphabet's countermeasure is to expand. Rapidly. The company is projecting $180 billion to $190 billion in capital expenditures for 2026 and anticipates a "significant increase" in spending for 2027 from that point onward. This expenditure is not aimless spending. It represents a direct, calculated endeavor to develop the capacity necessary to cater to the $462 billion backlog and seize the demand that is currently being overlooked. They are laying foundations and installing servers with a clear vision of who will finance it.

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The market has valued Alphabet for its advancements in AI. However, the sheer, contractual volume of activities within Google Cloud indicates that the upcoming chapter may focus less on clever demonstrations and more on the straightforward economics of fulfilling an extraordinary influx of orders. The demand is no longer a projection; it is a reality, firmly displayed in the backlog. Investors should now observe how swiftly that capital expenditure is translated into recognized Cloud revenue.

Where Should You Look For The Next Narrative Like This?An opportunity of this nature only becomes significant once it manifests in the numbers, and the first solid indication appears in management’s guidance. Once a company can genuinely foresee the new revenue, it elevates its forecast, and an improved forecast that the market is already rewarding represents one of the clearest pieces of evidence that such a story is materializing. F5 (FFIV), Flex (FLEX), and Federal Realty Investment Trust (FRT) are currently signaling precisely that. Our Guidance Momentum screen monitors every S&P 500 entity where a rising forecast correlates with real price momentum, allowing you to seek out the next opportunity like this one while it is still in its infancy. Additionally, if you prefer to invest in the entire theme rather than wager on a single entity, a communication services ETF such as XLC encompasses the full spectrum.

Where Should A Stock Like This Reside In Your Portfolio?A compelling growth narrative is an excellent beginning. A well-organized collection of such narratives forms a strategy. An engine like this is important because it can continue to compound subtly over the years, and a stock that compounds is worthwhile to own, but focusing on any single entity is where well-conceived ideas can be penalized. A diversified assortment of equally well-researched stocks mitigates the risk associated with single-stock concentration. The challenging aspect is determining which stories truly deliver, and that ranking forms the core of the Trefis methodology.

The Trefis High Quality (HQ) Portfolio assesses the overall quality across thousands of equities, not just one catalyst, incorporates the 30 strongest stocks, and rebalances them with rigor. It has a proven record of surpassing a benchmark that merges the three major indices – the S&P 500, S&P Mid-cap, and Russell 2000.

Here is a breakdown of what is driving Thursday’s market action.

Nokia shares are showing limited movement. What should traders watch with NOK? What Is Driving Nokia’s Recent Collaborations?Nokia’s latest headline is an expanded collaboration with Amazon to run its Autonomous Networks Fabric on AWS, positioning the offering around "Level 4" autonomy for telecom operators and targeting product availability later this year.

In parallel, the company is also building six Gemini-powered agents with Alphabet aimed at telecom workflows, with an efficiency claim that troubleshooting time can drop 50% to 80%.

With futures green, Nokia’s slightly red print reads more like a pause after a big move than a risk-off wave, especially as traders wait to see whether the AI-automation narrative translates into sustained orders and margin mix. In that setup, the chart tends to matter more than the headline, because it defines where dip-buyers are likely to defend the trend.

Nokia Stock: Key Technical Levels to WatchThe longer-term trend still leans bullish, with the stock up 148.27% over the past 12 months and still trading 17.1% above its 100-day SMA ($11.00) and 50.6% above its 200-day SMA ($8.56). The golden cross from October 2025 (50-day SMA above the 200-day SMA) remains intact, which often keeps buyers interested on pullbacks as long as price holds well above those longer baselines.

Near-term, the stock is in a cooling phase: it’s trading 8.8% below the 20-day SMA ($14.14) and 6% below the 50-day SMA ($13.71), even though the 20-day SMA is still above the 50-day SMA (a constructive alignment). That combination usually says "trend up, momentum cooling," and it puts extra focus on whether price can reclaim the 50-day area to signal demand is returning.

For momentum, MACD is the cleaner read right now: it’s below its signal line and the histogram is negative, which points to upside pressure fading versus the prior upswing. In plain terms, MACD compares faster and slower trend momentum, and being below the signal line often means rallies can struggle until momentum improves.

Key Resistance: $15.00 — a round-number ceiling where rebounds can stall, especially after the stock has been trading below its 20-day and 50-day averages What Does Nokia Corporation Do?Nokia is a networking equipment vendor focused primarily on supporting wireless networks and, to a growing extent, Internet Protocol and optical systems. It operates across mobile infrastructure (wireless core and related software), network infrastructure (IP routing/switching, optical, and fixed-network gear), and a portfolio business that houses areas the company views as less central long term.

That business mix is why the AWS and Google Cloud angles matter: pushing autonomous networking and AI-driven operations deeper into carrier workflows can shift the story toward more software-led efficiency and services pull-through, not just hardware cycles. For the stock, the key question is whether these partnerships drive durable operator adoption quickly enough to re-accelerate momentum after the recent digestion.

Nokia Earnings Preview: What Analysts ExpectLooking further out, the next major catalyst for the stock arrives with the July 23, 2026 (confirmed) earnings report.

EPS Estimate: 7 cents (Up from 4 cents YoY) Revenue Estimate: $5.59 Billion (Up from $5.15 Billion YoY) Valuation: P/E of 81.0x (Indicates premium valuation relative to peers) Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $14.67. Recent analyst moves include:

JP Morgan: Overweight (Raises Target to $21.00) (June 12) Argus Research: Upgraded to Buy (Target $15.00) (April 27) Morgan Stanley: Initiated with Overweight (Target $8.00) (Feb. 9) How $1,000 in Nokia Would Have GrownA $1,000 investment in Nokia Corporation on July 2, 2021, would have grown to $2,404 by July 1, 2026 — a 140.4% return over the period, excluding dividends. The stake swung between $559 and more than $3,000, ending well below its 2026 peak.

The ride included a deep slump before the rebound: the position hit its period low on December 5, 2023, and later reached its period high on June 2, 2026. From peak to trough, the maximum drawdown over the five-year holding period was -52.7%. Along the way, the $1,000 stake was $847 on July 5, 2022, $790 on July 3, 2023, $724 on July 2, 2024, and $968 on July 2, 2025.

On an annualized basis, Nokia Corporation returned 19.2% over the period, ahead of the S&P 500’s 11.6% annualized gain. It also outpaced the Nasdaq 100, which returned 15.3% annualized.

Today, Nokia Corporation has a market capitalization of about $71.4 billion. The stock’s P/E ratio is 81.0, and it offers a dividend yield of 1.27%.

Nokia Benzinga Edge Rankings OverviewBelow is the Benzinga Edge scorecard for Nokia, highlighting its strengths and weaknesses compared to the broader market:

The Verdict: Nokia’s Benzinga Edge signal reveals a momentum-led profile with supportive quality, which fits a stock that’s still in a longer-term uptrend but cooling in the short term. If momentum reasserts and price can work back toward key moving averages, the setup improves; if not, traders may keep treating rallies as sellable until the trend firms up again.

Nokia Stock Price Movement in Premarket TradingNOK Stock Price Activity: Nokia shares were down 0.31% at $12.87 during premarket trading on Thursday, according to Benzinga Pro data.

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DETROIT — Ford Motor on Thursday reported a 10.3% decline in its second-quarter U.S. new vehicle sales as the company battled a supplier issue for its F-Series pickup trucks and a significant decline in all-electric vehicles.

The Detroit automaker said its pure EV sales fell by 40.7% during the quarter compared with a year earlier. Sales of its F-Series trucks, including the F-150, fell 11% as Ford began ramping up production after its top aluminum supplier restarted production following two fires late last year.

"Although customer demand remains high, first-half F-Series sales reflect a retiming of commercial production following last year's aluminum supply shortages. Ford expects supply to recover more fully in the second half of the year," Ford said in a release.

Ford sold 549,200 vehicles during the second quarter compared to 612,095 units a year earlier. While that's among the largest expected industry declines, the results slightly beat Cox Automotive's expectations for Ford sales to fall 11.5%.

Read more CNBC auto newsFord CEO wants level playing field with Toyota, GM imports as USMCA trade talks reopenTesla reports 480,126 vehicle deliveries for second quarter, topping expectationAutomakers report mixed U.S. sales results as hybrid vehicles drive marketU.S. auto industry faces increased uncertainty without extension of USMCA trade dealThe automaker has sold 1 million vehicles year-to-date through June, down 9.6% from 1.1 million during the first half of last year.

Ford noted that despite the declines, the F-Series remained America's top-selling truck. The company also estimates its U.S. retail market share to end the quarter was up 0.2 percent points compared with a year earlier, to 12.3%.

Ford's sales come a day after most major automakers reported second-quarter numbers that were better than expected, largely driven by increased demand for hybrid vehicles. Cross-town rival General Motors saw its sales fall 4.2%, however, as its EV sales dropped.

Automotive data firm Motor Intelligence on Wednesday estimated U.S. industry sales for June were up 7.5% compared to a year ago, leading to a monthly adjusted selling pace of 16.67 million units, which was higher than many forecasters had expected.

As of last week, Cox Automotive expected U.S. auto sales to be down 2.9% to 15.8 million vehicles, including a 3.4% decline in retail sales. That included a 16.1 adjusted selling rate forecast for June.

Shopify stock has rebounded in the past few weeks, moving from the year-to-date low of $94.47 to the current $121.63. This rebound may continue, helped by its modest revenue growth and encouraging technicals.

Shopify, the operator of the biggest e-commerce software, soared after reaching a settlement with Shopline, a company owned by Joyy, a publicly-traded company. 

The two companies asked a judge to bar Shopline from distributing its software. In a statement, Shopify said that Shopline had copied its Dawn theme, rebranded it, and sold it against it. Its chief counsel said:

"We took them to court and ​they've been ordered to stop and to pay us. Open source is built on trust and we'll defend that every time someone treats it as a ​free pass to steal."

The terms of the deal were confidential, but it is estimated that Joyy, which is valued at over $3.3 billion paid millions of dollars. Its stock jumped by 1.38% after the filing. 

While Shopify jumped on Wednesday, it remains 35% below its highest level last year, mirroring the performance of most software companies. The general view is that e-commerce companies will start abandoning Shopify and build their websites using AI. Indeed, it is now possible to build advanced e-commerce stores using tools like Lovable and Cursor.

However, there is a likelihood that the company’s business will continue doing well in the long term because of the value it gives its customers. The most recent results shows that it continues to add more costumers to its ecosystem. It added firms like Balmain Paris, Rag & Bone, Mulberry, and The Outnet.

The numbers also showed that its revenue growth jumped by 34% to $3.17 billion, a great number for a company that has been in the industry for years. Its gross profit rose to over $1.56 billion, while its free cash flow rose to $476 million. 

The management also boosted its forward guidance and now expects revenue to grow in the high-twenties in the second quarter. The consensus among analysts is that its revenue growth will be 28% to $3.4 billion, while its annual figure will grow by 28% to $14.8 billion. 

These numbers mean that the company is a bargain on a rule-of-40 metric. It has a forward revenue growth rate of 28% and a profit margin of 14%, giving it a multiple of 42%. 

SHOP stock chart | Source: TradingView

The daily chart shows that the SHOP stock price has rebounded in the past few weeks, moving from a low of $94.47 in March to $121.63 today. It has formed an inverted head-and-shoulders pattern, a common bullish reversal sign in technical analysis. 

The stock has also jumped above the 50-day and 100-day moving averages, a sign that bulls are in control. Therefore, the path of the least resistance for the stock is bullish, with the next key target to watch being at $150.

READ MORE: Wall Street experts are bullish on Shopify stock: should you?

Oracle (ORCL +2.39%) is set to be a major beneficiary of the AI infrastructure boom. The company has accumulated a $638 billion backlog of business, which is equal to about eight years of revenue at the current annual run rate. In the most recent quarter alone, $67 billion in new AI infrastructure contracts were signed.

However, it's fair to say that many investors are a little skeptical, with the stock down by more than 55% from its 52-week high. There are two main unanswered questions that seem to be weighing on Oracle's stock price. First, can the companies committing to spend billions with Oracle actually meet these obligations? Second, can Oracle deliver on its backlog while balancing the need to raise capital to do so?

Image source: Getty Images.

Oracle's massive backlog Oracle reported $638 billion in remaining performance obligations, or RPO, in its most recent quarterly report. RPO is Oracle's term for contracted future revenue, or backlog, and this figure is 363% higher than it was a year ago. For context, this is now larger than the backlog of much larger tech company Microsoft (MSFT +0.94%).

Now, over half of this is reportedly from OpenAI. The AI company behind ChatGPT has signed a contract worth more than $300 billion over a five-year period starting in 2027, according to multiple reports, which is by far the largest individual cloud deal ever signed. Other major customers contributing to the backlog include Meta Platforms (META 3.56%), SpaceX (SPCX +1.51%) through its xAI subsidiary, Nvidia (NVDA +0.61%), and other tech heavyweights.

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It's also important to clarify what "AI contracts" include. The primary product is OCI (Oracle Cloud Infrastructure) compute capacity, which essentially refers to rented data center capacity and GPUs. Most contracts are multi-year, and only about 12% of the backlog is expected to convert to revenue over the next year.

The unanswered questions investors need to consider As mentioned, there are two big unanswered questions.

First, can Oracle's customers reasonably fulfill their contracted obligations, especially when it comes to OpenAI? So far, OpenAI hasn't had much trouble raising capital, but it is still a private, cash-burning company, and the $300 billion or so it has committed to spend with Oracle isn't its only large obligation. The AI company has committed to about $350 billion in spending with Broadcom (AVGO +0.99%), $250 billion with Microsoft (Azure), about $100 billion on Nvidia systems, as well as deals with AMD (AMD 0.12%), Amazon (AMZN +0.78%), and others. In all, OpenAI is estimated to have committed well over $1 trillion in hardware and cloud infrastructure spending.

With spending commitments like that, it's not surprising that the market is a little skeptical. In fact, it was reported last week that OpenAI plans to delay its IPO, and this was a big reason why Oracle's stock has had its worst week in many years.

The second question is how much Oracle will need to erode its financial condition to deliver on these orders. In the current fiscal year, Oracle's estimated $95 billion in capex will require it to raise $40 billion in new capital, pushing its long-term debt above $100 billion. Free cash flow turned negative in the company's most recent fiscal year for the first time in a while, and this is likely to be the case for the foreseeable future. Plus, Oracle's gross margins could come under pressure as infrastructure costs rise, and there's always the longer-term risk of AI disrupting the enterprise software industry.

Is Oracle stock a bargain or a trap? Let's be clear. If Oracle can successfully deliver on its obligations and get a strong ROI on its capex, the company's stock could be an absolute bargain at the current level. And to be fair, the company has a long track record of solid execution.

At its current price, Oracle stock trades for just over 18 times forward earnings estimates. The last time Oracle had a price-to-sales ratio at its current level was in early 2024, largely before the AI infrastructure spending wave began. And this is for a company that not only has a massive backlog but is also growing its actual revenue at 21% year-over-year. It's also worth noting that Oracle's guidance for the current quarter calls for 28% revenue growth (at the midpoint), which would represent a significant acceleration.

In a nutshell, Oracle has some major risk factors, but the price is right, and the risk-reward dynamics look attractive at these levels. In fact, I recently opened a small position in Oracle, and plan to add more if the stock remains at or near these levels.

Realty Income (NYSE:O | O Price Prediction) just paid investors again. The monthly check dividend landed on schedule, the streak extended and the market continued treating shares like a melting ice cube. That disconnect is the opportunity.

Realty Income declared its latest monthly dividend of 27 cents per share with an ex-dividend date of June 30 and a payment date of July 15. That is the 670th consecutive monthly dividend and follows the 114th consecutive quarterly increase. The stock currently yields roughly 5%. The story the market is telling with that yield (retail REITs are toxic, net lease is broken, e-commerce wins) is the wrong story.

The 5% Yield Is a Verdict Income investors get conditioned to celebrate fat yields. They should not. A high yield is the market discounting the future cash stream, and for most of the past two years that discount has been aimed squarely at retail-anchored landlords. The 10-Year Treasury currently sits at 4%, leaving Realty Income’s payout at roughly a 1% spread over the risk-free rate.

That is a tight cushion for a company whose tenants the market apparently believes are one recession away from going dark. But the operating data does not support that thesis.

What the Operating Data Actually Says Q1 2026 AFFO per share came in at $1.13, up 7% year over year. Portfolio occupancy stood at 99%. The lease recapture rate hit 103%, meaning the company re-leased space at higher rents than it was getting before. Realty Income invested $2.8 billion in the quarter at a 7% initial cash yield, and management raised full-year investment guidance to $9.5 billion from $8.0 billion.

Those are the operating metrics of a healthy, productive asset class. The macro backdrop agrees: U.S. retail sales hit $763.7 billion in May 2026, the highest reading of the trailing 12 months and the 92nd percentile of the period. Consumers are spending. Realty Income’s tenants — including Dollar General, 7-Eleven, Walgreens and Wawa — sit on the receiving end of that spending.

The Payout Math the Doomsayers Ignore Detractors point to a P/E ratio of 52 and argue the dividend is uncovered. That is a misread of how REITs work. The relevant denominator is AFFO, not GAAP EPS. 2026 AFFO guidance of $4.41 to $4.44 against an annualized dividend of $3.246 works out to a payout ratio in the low 70s. That is comfortable. The forward P/E of 40 also accounts for the depreciation distortion that always inflates REIT trailing earnings multiples.

Net debt to annualized pro forma adjusted EBITDAre fell to 5.2x from 5.4x. Credit ratings sit at A3 from Moody’s and A- from S&P. The company just priced $800 million of 4.750% notes due 2033 and a €600 million Eurobond at 4%. Toxic borrowers do not get that paper at those prices.

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The Market Is Already Quietly Reversing While the “retail REITs are dead” narrative persists in headlines, the stock is voting differently. Realty Income is up 17% over the past year and 14% year to date. That outpaces the Real Estate Select Sector SPDR ETF (NYSEARCA:XLRE), which gained 13% over the same one-year window. Shares closed at $63.04 on June 29, 2026, after a 4% one-week move.

News sentiment is also turning. Of 50 recent articles, 48% scored somewhat-bullish and only 2% somewhat-bearish. Wall Street currently holds three Strong Buy ratings, five Buy ratings and 15 Hold ratings alongside an average price target of $67.90.

The Dividend Scorecard Grading this dividend the way an income investor should:

Yield: ~5%, with a 1% spread over the 10-Year Treasury. Adequate. Coverage: AFFO payout ratio in the low 70s against $4.41 to $4.44 guided AFFO. Strong. Growth streak: 114 consecutive quarterly increases and 670 consecutive monthly payments. Best in class. Growth rate: Monthly payout rose from 26 cents in June 2025 to 27 cents in June 2026. Modest but positive. Balance sheet: 5.2x net debt to EBITDAre, A-rated credit. Strong. Composite grade: A-

The only deduction is the modest dividend growth rate, which reflects deliberate capital allocation discipline rather than weakness.

What CEO Sumit Roy Is Actually Building CEO Sumit Roy used the Q1 call to reframe the business as a private-capital aggregator with a public dividend wrapper. The Apollo partnership put $1.0 billion of insurance capital into 492 retail properties. The GIC partnership added construction financing capacity. The U.S. Core Plus fund closed a $1.7 billion cornerstone capital raise.

Roy’s own framing: “Several years ago, we identified a potential concentration risk in relying primarily on public equity markets, where pricing, at times, can become disconnected from underlying operating performance and this discrepancy persists for prolonged periods.” Translation: management knows the stock is mispriced and is building around the public market rather than waiting for it to catch up.

What to Watch Next The next dividend declaration will likely tick higher again. The next earnings report will test whether the $9.5 billion investment pace is holding and whether the lease recapture rate stays above 100%. If 10-Year Treasury yields keep drifting lower from the recent 5% May peak, the discount the market applied to retail REITs starts to look even more anachronistic. The market called this dividend stream toxic. The check that just cleared says otherwise.

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

Contact [email protected] for any questions or corrections.

© Who is Danny / Shutterstock.com

Morningstar is warning investors to brace for a reckoning in AI stocks, with memory-chip names sitting on the biggest gains facing the most downside. In a Bloomberg TV segment, Morningstar director of research Lorraine Tan warned that a large slice of AI names could give back 20% to 30% before they become buyable again. For holders of Micron Technology (NASDAQ:MU | MU Price Prediction), the poster child of the rally, that raises an obvious question: is it time to lighten up?

The rally that scared Morningstar Memory has been the runaway trade of 2026. Micron is up 304.62% year to date and 838.82% over the past year, while SanDisk (NASDAQ:SNDK) has surged 857.84% YTD and Western Digital (NASDAQ:WDC) 271.05%. Semiconductor equipment maker Lam Research (Nasdaq: LRCX) has doubled, up 153.61%. Even AI bellwether NVIDIA (NASDAQ:NVDA), tame by comparison at 7.42% YTD, has ridden a 26.81% gain over the past year.

Tan told Bloomberg that “stocks are priced for perfection. Although valuations seem stretched, people are buying into the optimism.” Her sharper concern was the pace of the move: “The explosiveness of the returns you saw in the second quarter it is a bit scary in that sense because the market is extrapolating for the strong growth to continue through 2028. We have our doubts there. We expect spending to taper off.” Asian equities had reversed early Q3 gains, with the MSCI Asia index down slightly after posting its strongest quarter in 17 years.

The memory reckoning Tan’s case rests on capacity. “The announcements from Samsung and SK Hynix, that will lead to what we think will be softer pricing. Essentially, the supply will catch up with demand. You will not see the same loftiness in growth rate on the pricing of memory chips, for example,” AI capex growth is expected to peak in 2026, with spending increases slowing materially through 2029.

That thesis hits Micron squarely. The company reported Q3 FY26 revenue of $41.46 billion, up 345.7% year over year, with non-GAAP EPS of $25.11 and GAAP gross margin of 84.6%. CEO Sanjay Mehrotra guided Q4 revenue to $50.0 billion and EPS to $31.00, framing multi-year Strategic Customer Agreements as cycle insulation (see the press release). SanDisk logged Datacenter revenue up 645% YoY to $1.47B, and Western Digital cleared 50% non-GAAP gross margin for the first time. Those are peak-cycle results, exactly the kind of loftiness Tan expects to normalize.

Micron currently trades at a trailing P/E of 26 and a forward P/E of 7. The consensus analyst target is $1,410.45, with 39 buy or strong-buy ratings against just 1 sell. Sell-side positioning runs directly counter to Tan’s caution.

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

Equipment, foundries, and the consumer risk Lam Research is the pick-and-shovel play most levered to Samsung and SK Hynix capex. Q3 FY26 revenue reached $5.84 billion (+23.8% YoY), though shares trade at a trailing P/E of 82 and forward P/E of 55. If capex tapers after 2026, the multiple has room to compress.

Tan named Taiwan Semiconductor (NYSE:TSM) among quality survivors she remains constructive on. TSMC reported May revenue of NT$416.98B, up 30.1% YoY, and CEO C.C. Wei is targeting more than 30% full-year revenue growth. Shares are up 57.94% YTD, a fraction of the memory move.

Tan flagged a second risk: consumer demand destruction feeding back into chips. “If you are in consumer or what I’m saying is, I think the demand for AI Services will remain relatively strong. At the end of the day, if the consumer says I’m not going to buy this or that good, I think that will blow through to the other segments of the industries that rely on chips.”

So is it time to sell Micron? Tan did not name Micron on Bloomberg, but her framing fits: “It could be big for some stocks that have gone up double, triple, whatever in the past couple months. We expect 20, 30% correction for a good percentage of the names we cover before they come into areas we think would be worth buying again.” She sees opportunity on the other side of that reset, and Micron’s forward P/E of 7 assumes current earnings power holds. Investors weighing that call should watch Samsung and SK Hynix supply additions, HBM4 pricing, and hyperscaler capex guidance into 2027.

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

Contact [email protected] for any questions or corrections.

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Strategy (NASDAQ:MSTR | MSTR Price Prediction) has never been a simple way to own Bitcoin (CRYPTO:BTC). Michael Saylor has spent the past several years turning the company into a financial engineering machine, issuing multiple layers of securities to buy even more Bitcoin. Its latest move may be the boldest yet.

The company just unveiled its new Digital Credit Capital Framework, a plan designed to support the growing ecosystem of preferred securities it has created, particularly its STRC preferred shares. The company says the framework will strengthen liquidity, protect dividend payments, and provide additional flexibility during periods of Bitcoin volatility.

But while the announcement appears positive on the surface, investors should recognize that it benefits different shareholders in very different ways. In many respects, the framework offers greater protection for preferred shareholders while increasing the risks borne by common shareholders.

Building a Safety Net The framework introduces several new tools. Strategy established a $2.55 billion cash reserve dedicated to paying preferred dividends and interest. At current obligations, that reserve covers roughly 17 months of payments without requiring additional financing.

The company also raised the dividend on its Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) (commonly called “Stretch”) to 12% annually, effective July 1. The dividend can be adjusted over time in an effort to keep STRC trading close to its $100 par value.

To provide additional flexibility, Strategy authorized two separate $1 billion repurchase programs — one for its digital credit securities, including Stretch, and another for Strategy common shares.

Finally, management authorized up to $1.25 billion of conditional Bitcoin sales if necessary to replenish reserves, meet obligations, or fund buybacks.

Taken together, the framework gives Strategy more options before being forced into emergency financing. But it also highlights just how much of the company’s capital structure now revolves around servicing preferred investors.

From Bitcoin proxy to a high-stakes financial machine—see why common shareholders are now bearing the brunt of the volatility while preferred investors get the shield. © 24/7 Wall St. Why STRC and MSTR Investors Have Different Interests This is where the distinction becomes important. Stretch investors receive a substantial monthly cash dividend while sitting ahead of common shareholders in the capital structure. The new framework is largely designed to improve the likelihood those payments continue regardless of short-term Bitcoin volatility. Common shareholders receive none of those benefits.

Instead, MSTR investors absorb much of the residual risk. If Bitcoin enters another prolonged bear market, Strategy may eventually need to issue additional preferred shares, sell Bitcoin, or issue more common stock to maintain its obligations. Every one of those outcomes can dilute or reduce the value accruing to existing common shareholders.

In effect, Stretch holders are receiving contractual cash income supported by new corporate safeguards. MSTR holders are providing much of that support without receiving a dividend themselves.

That doesn’t mean MSTR can’t outperform if Bitcoin stages another explosive rally. Historically, leverage has amplified gains during bull markets. But the same financial engineering that boosts returns on the way up can become a headwind during prolonged downturns.

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The Risks Haven’t Disappeared The new framework certainly reduces some near-term liquidity concerns, but it doesn’t eliminate the underlying risks.

Strategy currently holds 847,363 Bitcoin purchased for roughly $64.1 billion, representing an average cost of $75,651 per Bitcoin. With Bitcoin recently trading around $61,200, the company’s holdings remain underwater. If Bitcoin remains depressed for an extended period — or falls significantly lower, as some analysts expect — the $2.55 billion reserve eventually runs down.

At that point, Strategy has several options — but none are particularly attractive for common shareholders. It can issue more preferred securities with even higher dividend costs, issue additional common shares that dilute existing investors, or begin selling portions of its Bitcoin holdings.

Ironically, one of the biggest attractions of MSTR has always been Saylor’s promise to accumulate Bitcoin indefinitely. Yet this framework explicitly acknowledges that Bitcoin sales are now part of the financial toolbox if circumstances require them. It’s now a feature, not a bug.

That may reassure preferred investors. It is less soothing for common shareholders.

Key Takeaway The Digital Credit Capital Framework probably makes Stretch a stronger investment by improving the security of its dividend and providing multiple layers of liquidity support. Whether it improves MSTR is a far more complicated question.

Common shareholders now sit beneath an even larger stack of preferred obligations while receiving no income themselves. If Bitcoin performs exceptionally well, MSTR can still deliver outsized gains. But if Bitcoin struggles, common investors bear a disproportionate share of the downside through potential dilution, Bitcoin sales, and growing obligations to preferred shareholders.

For many investors whose primary goal is simply gaining exposure to Bitcoin, buying Bitcoin directly — or through a low-cost spot Bitcoin ETF — may now offer a cleaner investment thesis. Those vehicles provide one-for-one exposure to Bitcoin’s price without the added complexity of leverage, preferred dividends, or corporate financing decisions.

More aggressive investors who believe Saylor’s capital strategy will continue creating value may still prefer MSTR. Income-oriented investors comfortable with crypto-related credit risk may find Stretch attractive.

But the latest framework makes one thing increasingly clear: Strategy is no longer merely a Bitcoin proxy. It has become a highly leveraged financial institution built around Bitcoin, and understanding that distinction is becoming just as important as understanding Bitcoin itself.

If You'd Bought Amazon When the Motley Fool Said To…In September 2002, Stock Advisor told subscribers to buy Amazon. In December 2004, Netflix. In April 2005, Nvidia. The newsletter still publishes two new stock picks every month — and over 23 years, has more than quadrupled the S&P 500. Here's how to get this month's picks:

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NEW YORK--(BUSINESS WIRE)--Regulatory News:

Today, Coty Inc. (NYSE: COTY) (Paris: COTY) announced a set of organizational changes that advance its Coty.Curated strategy by bringing commercial decision-making closer to the center and enabling the company to move faster.

Executive Chairman and interim CEO Markus Strobel will take direct control of Prestige commercial operations, with Coty’s regional leaders reporting to him. The change brings leadership closer to the markets, speeds up decision-making, and sharpens accountability for sell-out and market share.

As part of these changes, Coty will integrate Prestige R&D and sustainability with supply chain into one simplified function under the interim leadership of Graeme Carter, Chief Supply Chain Officer. Bringing prestige innovation, sustainability, and supply chain together under one leader streamlines how the company develops and delivers behind its core businesses. Gordon von Bretten, President of Consumer Beauty, will continue to drive an already integrated model in Consumer Beauty.

Caroline Andreotti, Chief Commercial Officer Prestige, will leave Coty at the end of September after three years in the role and almost two decades with the company. She shaped Coty’s global commercial strategy, its relationships with key customers and partners, and its leadership in prestige.

Dr. Shimei Fan, Chief Scientific and Sustainability Officer, will leave Coty at the end of August. She led the company’s R&D organization and sustainability agenda, helped launch key innovations, and oversaw significant progress including multiple ESG ratings upgrades and the first approval of Coty’s science-based carbon reduction targets by the SBTi.

Markus Strobel, Executive Chairman and interim CEO, said: “Coty.Curated is about clarity and focus, and a simpler operating model helps us deliver on that. It positions us to keep building behind our core brands and to support our teams as the business moves forward. I want to thank Caroline and Shimei for their leadership and their many years of contribution to Coty, and wish them every success for their future endeavors.”

People and Purpose leadership transition

Priya Srinivasan, Chief People and Purpose Officer, has decided to step down for personal reasons and will leave Coty in August. She led the global people function, including leadership development and engagement, and played an important role in advancing Coty’s talent agenda.

Séverine Charbon will join Coty as Chief People and Purpose Officer effective September 1. She brings more than 25 years of international experience in talent strategy and organizational transformation, most recently as Chief Talent Officer International at Publicis Groupe.

Strobel added: “Priya has been a thoughtful and trusted leader, and a real champion of our people and culture. She has strengthened how we develop talent, deepened employee engagement, and helped make Coty a place where people can do their best work. We are grateful for everything she has given to Coty and wish her the very best in the future. We now look forward to Séverine joining Coty at this important time and continuing to build on the strong foundations in place.”

ABOUT COTY INC.

Founded in Paris in 1904, Coty is one of the world’s largest beauty companies, with a portfolio of beloved brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling prestige and mass‑market products in over 120 countries and territories. Together with its brands, Coty empowers people to express the beauty of their individuality – and is committed to transforming the beauty industry to become more sustainable and inclusive through its Beauty That Lasts strategy.

Learn more at coty.com or follow us on LinkedIn and Instagram.

IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production and delivery totals for the quarter ending June 30, 2026. The company produced 12,613 vehicles at its manufacturing facility in Normal, Illinois and delivered 12,194 vehicles during the same period. Delivery results topped Rivian's outlook of 9,000 to 11,000 vehicles for the quarter due to robust growth quarter-over-quarter in EDV and R1 coupled with the introduction of R2 deliveries.

As a result of the progress Rivian has made, and the production and delivery outlook for the second half of the year, the company is today raising its full year 2026 delivery guidance from 62,000 - 67,000 vehicles, to 65,000 - 70,000.

ShareAs a result of the progress Rivian has made, and the production and delivery outlook for the second half of the year, the company is today raising its full year 2026 delivery guidance from 62,000 - 67,000 vehicles, to 65,000 - 70,000.

The company also announced that on July 30, 2026, after market close, it will release its second quarter 2026 financial results. Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance and outlook for the business. The live webcast will be available at https://rivian-q2-earnings-webcast-2026.open-exchange.net/ and a replay will be available for four weeks at www.rivian.com/investors following the webcast.

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding our annual delivery outlook.

We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements, including, but not limited to, the important factors discussed in Part II, Item 1A, “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, and our other filings with the Securities and Exchange Commission. The forward-looking statements in this press release are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

About Rivian:

Rivian (NASDAQ: RIVN) is an American automotive technology company that develops and manufactures category-defining electric vehicles as well as vertically integrated technologies and services. Through innovation across its electrical architecture, end-to-end software, autonomous driving platform, artificial intelligence, and propulsion, the company creates vehicles that excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are manufactured in the United States and are sold directly to consumer and commercial customers. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal — preserving the natural world for generations to come.

SAN DIEGO, July 02, 2026 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, today announced that it has recently received an approximate $36 million sole-source contract award for a new air defense missile system. Kratos is a recognized industry leader in the rapid engineering, development and production at scale of affordable military-grade hardware, products and systems, including for hypersonic, missile, radar, air defense, directed energy, high-powered microwave, counter unmanned aerial system (C-UAS), chemical, biological, radiological, and nuclear (CBRN), unmanned aerial drone, strategic, and other systems. 

Tom Mills, President of Kratos’ C5ISR Division, said, “Building military-grade hardware on schedule and on budget, hardware that must work every time, is hard, and is also a clear differentiating capability of Kratos. The entire C5ISR team is proud to have been selected for this critical national security program.”

Eric DeMarco, President and CEO of Kratos, said, “Kratos’ air defense related hardware, products, and systems business, both in the United States and internationally, is currently seeing increased demand from numerous customers for multiple systems, platforms and technologies. Over the past several years, Kratos has made significant investments in property, plant, equipment and facilities, which we are continuing as we are laser focused on supporting the United States Department of War and the rebuild and recapitalization of our nation’s defense industrial base.”

Work under this contract award will be performed at a secure Kratos manufacturing facility. Due to security related, competitive and other considerations, no additional information related to this program will be provided.

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

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

Press Contact:
Claire Cantrell
[email protected]

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

CAMBRIDGE, Mass., July 02, 2026 (GLOBE NEWSWIRE) -- Akamai Technologies, Inc. (NASDAQ: AKAM) announces the company has completed its acquisition of secure enterprise browser provider and AI usage control leader LayerX. On May 14, Akamai announced an agreement between the two parties for Akamai to acquire LayerX in exchange for approximately US$205 million.

LayerX offers a browser security platform that allows enterprises to add protections to their preferred, existing browsers. It enables security teams to have greater visibility into how users interact with web content, prompts, file uploads, and SaaS applications both within and outside the browser. The acquisition will build on Akamai’s investment in its Zero Trust platform, which includes market-leading segmentation, Zero Trust Network Access (ZTNA), and DNS security solutions, already trusted by thousands of global customers. By leveraging Akamai’s massive, globally distributed network, the combined solution will create a workforce security solution that addresses a need to govern and secure how employees, partners, and supply chain ecosystems interact with AI applications.

For more information, visit the Akamai Zero Trust solutions page.

About Akamai
Akamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense in depth to safeguard enterprise data and applications everywhere. Akamai’s full-stack cloud computing solutions deliver performance and affordability on the world’s most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow their business with confidence. Learn more at akamai.com and akamai.com/blog, or follow Akamai Technologies on X and LinkedIn.

Akamai Statement Under the Private Securities Litigation Reform Act
This press release contains statements that are not statements of historical fact and constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about product success and other benefits of the transaction to Akamai. Each of the forward-looking statements is subject to change as a result of various important factors, many of which are beyond Akamai’s control, including, but not limited to: Akamai’s inability to achieve the expected benefits of the transaction; challenges integrating LayerX’s business, employees, and technology; and effects of competition. The forward-looking statements contained herein are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, Akamai disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

Contacts
Johanna Schmitt
Akamai Media Relations
[email protected]

Akamai Investor Relations
[email protected]

TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP") today announced that it has completed its previously announced acquisition of certain general partner and limited partner interests in AllDale Minerals III, LP and AllDale Minerals IV, LP for approximately $206.2 million, subject to customary post-closing adjustments.

ARLP funded the acquisition using a combination of cash on hand, borrowings under its revolving credit facility, and a new $150.0 million term loan at its wholly owned subsidiary Alliance Minerals, LLC.

Following the acquisition, ARLP now controls approximately 115,680 net royalty acres within its Oil & Gas Royalties segment, including over 44,770 net royalty acres in the Permian Basin. ARLP expects to provide additional commentary regarding the acquisition during its next quarterly earnings conference call.

About Alliance Resource Partners, L.P.

ARLP is a diversified natural resource company that is currently the second largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as a reliable energy partner for the future by pursuing opportunities that support the growth and development of energy-related technologies and infrastructure.

News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission (“SEC”), are available at www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via email at [email protected].

The statements and projections used throughout this release are based on current expectations. These statements and projections are forward-looking, and actual results may differ materially. These projections do not include the potential impact of any mergers, acquisitions or other business combinations that may occur after the date of this release. We have included more information below regarding business risks that could affect our results.

FORWARD-LOOKING STATEMENTS: With the exception of historical matters, any matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projected results. Those forward-looking statements include expectations with respect to our future financial and operational performance, coal and oil & gas consumption and expected future prices, our ability to increase or maintain unitholder distributions in future quarters, business plans and potential growth with respect to our energy and infrastructure investments, optimizing cash flows, reducing operating and capital expenditures, infrastructure projects at our existing properties, growth in domestic electricity demand, preserving liquidity and maintaining financial flexibility, and our future repurchases of units. These risks to our ability to achieve these outcomes include, but are not limited to, the following: decline in the coal industry’s share of electricity generation, including as a result of environmental concerns related to coal mining and combustion, the cost and perceived benefits of other sources of electricity and fuels, such as oil & gas, nuclear energy, and renewable fuels and the retirement of coal-fired power plants in the U.S.; our ability to provide fuel for growth in domestic energy demand, should it materialize; changes in macroeconomic and market conditions and market volatility, and the impact of such changes and volatility on our financial position; changes in global economic and geo-political conditions or changes in industries in which our customers operate; changes in commodity prices, demand and availability which could affect our operating results and cash flows; impacts of geopolitical events, including the conflicts in Ukraine and in the Middle East; actions of the major oil-producing countries with respect to oil production volumes and prices and the direct and indirect impacts over the near and long term on oil & gas exploration and production operations at the properties in which we hold mineral interests; changes in competition in domestic and international coal markets and our ability to respond to such changes; potential shut-ins of production by the operators of the properties in which we hold oil & gas mineral interests due to low commodity prices or the lack of downstream demand or storage capacity; risks associated with the expansion of and investments into the infrastructure of our operations and properties, including the timing of such investments coming online; our ability to identify and complete acquisitions and to successfully integrate such acquisitions into our business and achieve the anticipated benefits therefrom; our ability to identify and invest in new energy and infrastructure ventures; the success of our development and growth plans for our wholly owned subsidiary, Matrix Design Group, LLC, and our investments in emerging and other infrastructure and technology companies; dependence on significant customer contracts, and failure of customers to renew existing contracts upon expiration; adjustments made in price, volume, or terms to existing coal supply agreements; the effects of and changes in trade, monetary and fiscal policies and laws, and the results of central bank policy actions including interest rates, bank failures, and associated liquidity risks; the effects of and changes in taxes or tariffs and other trade measures adopted or threatened by the United States and foreign governments, including the imposition of or increase in tariffs on steel and/or other raw materials; legislation, regulations, and court decisions and interpretations thereof, both domestic and foreign, including those relating to the environment and the release of greenhouse gases, such as state legislation seeking to impose liability on a wide range of energy companies under greenhouse gas “superfund” laws, mining, miner health and safety, hydraulic fracturing, and health care; deregulation of the electric utility industry or the effects of any adverse change in the coal industry, electric utility industry, or general economic conditions; investors’ and other stakeholders’ attention to sustainability matters; liquidity constraints, including those resulting from any future unavailability of financing; customer bankruptcies, cancellations or breaches to existing contracts, or other failures to perform; customer delays, failure to take coal under contracts or defaults in making payments; our productivity levels and margins earned on our coal sales; disruptions to oil & gas exploration and production operations at the properties in which we hold mineral interests; changes in equipment, raw material, service or labor costs or availability, including due to inflationary pressures or tariffs; changes in our ability to recruit, hire and maintain labor; our ability to maintain satisfactory relations with our employees; increases in labor costs, including increases in the costs of health insurance, adverse changes in work rules, or cash payments or projections associated with workers’ compensation claims; increases in transportation costs and risk of transportation delays or interruptions; operational interruptions due to geologic, permitting, labor, weather, supply chain shortage of equipment or mine supplies, or other factors; risks associated with major mine-related accidents, mine fires, mine floods or other interruptions; results of litigation, including claims not yet asserted; foreign currency fluctuations that could adversely affect the competitiveness of our coal abroad; difficulty maintaining our surety bonds for mine reclamation as well as workers’ compensation and black lung benefits; difficulty in making accurate assumptions and projections regarding post-mine reclamation as well as pension, black lung benefits, and other post-retirement benefit liabilities; uncertainties in estimating and replacing our coal mineral reserves and resources; uncertainties in estimating and replacing our oil & gas reserves; uncertainties in the amount of oil & gas production due to the level of drilling and completion activity by the operators of our oil & gas properties; the impact of current and potential changes to federal or state tax rules and regulations, including a loss or reduction of benefits from certain tax deductions and credits; difficulty obtaining commercial property insurance, and risks associated with our participation in the commercial insurance property program; evolving cybersecurity risks, such as those involving unauthorized access, denial-of-service attacks, malicious software, data privacy breaches by employees, insiders or others with authorized access, cyber or phishing attacks, ransomware, malware, social engineering, physical breaches, or other actions; and difficulty in making accurate assumptions and projections regarding future revenues and costs associated with equity investments in companies we do not control.

Additional information concerning these, and other factors can be found in ARLP’s public periodic filings with the SEC, including ARLP’s Annual Report on Form 10-K for the year ended December 31, 2025, filed on February 26, 2026, and ARLP’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed on May 8, 2026. Except as required by applicable securities laws, ARLP does not intend to update its forward-looking statements.

More News From Alliance Resource Partners, L.P.

Bloom Energy (BE 4.51%) is perfectly positioned for the artificial intelligence spending boom underway today. In fact, the company's backlog for hydrogen fuel cells at the start of 2026 rose over 2.5x year over year, hitting $6 billion. But the real story here is the other $14 billion of the total $20 billion backlog, which is related to services.

What does Bloom Energy do? Bloom Energy makes hydrogen fuel cells. They are built in a factory and can be delivered wherever they are needed to provide on-site power. The power generated doesn't produce greenhouse gases, either, so it is clean energy. The company has been building its business and improving its technology for many years, but the current environment is almost the perfect setting for success.

Image source: Getty Images.

Spending on artificial intelligence (AI) has exploded. But AI is just a fancy computer program, so it can't operate without electricity. Electric utilities are working to supply the power needed, but building electric infrastructure takes time. And there has been pushback from consumers and regulators around the impact that AI demand is having on power prices.

Bloom Energy's on-site power lets AI companies sidestep the grid. And Bloom Energy can usually deliver power cells more quickly than a utility can provide a grid connection, speeding up the construction of new AI data centers. No wonder the company started 2026 with a $6 billion backlog of fuel cell orders, up 2.5x year over year.

Bloom Energy's real flywheel is services That said, the company's full backlog is around $20 billion. The other $14 billion relates to the service contracts that accompany the sale of a fuel cell. These are long-term contracts that provide annuity-like income streams. Each new product sale builds the company's long-term service momentum. Although Bloom Energy is really just a start-up that has yet to turn sustainably profitable, that could change very soon.

Today's Change

(

-4.51

%) $

-13.65

Current Price

$

289.05

The only problem with Bloom Energy's story is that it is so well-known on Wall Street. The stock is up over 1,000% over the past year. Without sustainable earnings, the price-to-earnings ratio isn't meaningful. However, the price-to-sales ratio is shockingly high at 29x, compared to a five-year average of 3.1x. The forward P/E ratio is 134x. That is high and shows just how much investors are expecting from the company.

Bloom Energy is probably best left on your wishlist for now, given the stock's rapid ascent. However, if the AI bubble on Wall Street bursts, Bloom Energy's massive service backlog could make it worth a second look.

, /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY), a business that makes it easier and more enjoyable to be a driving enthusiast through insurance, buying and selling platforms, publishing and events, today announced that it has entered into a definitive agreement to acquire Bennetts, the United Kingdom's #2 specialty motorcycle insurance broker, from Lucida Group for £34 million ($43 million USD). The transaction is expected to be immediately accretive, and close during the third quarter of 2026, subject to regulatory approval. The acquisition increases Hagerty's international scale, augmenting the ongoing investment into Hagerty's Broad Arrow business outside of the United States.

Hagerty Agrees to Acquire Bennetts to Become #2 Specialty Motorcycle Insurance Broker in the United Kingdom Founded more than 90 years ago, Bennetts brings 15% UK motorcycle insurance market share and a 65 Net Promoter Score through a member-centric approach similar to Hagerty's model in the enthusiast car space.

"Bennetts is a brand built the same way Hagerty was built – by genuine enthusiasts, for genuine enthusiasts," said McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty. "Their 100,000 community members from Bennetts' 'Bike Social' platform, decades of trust in the UK motorcycle market and disciplined, low-frequency book make this a natural extension of everything we stand for as we look to seed our international growth in a deliberate way."

Mark Roper, Hagerty's UK Managing Director added, "We are excited to welcome the Bennetts team into the Hagerty family. Bennetts has built something special — a brand riders trust, a community they love and a business with momentum. Our commitment is simple: keep what makes Bennetts great, and bring the best of Hagerty alongside it, building something stronger than either of us could on our own."

Tripling Hagerty's UK Footprint
The acquisition is also expected to triple Hagerty's UK revenue to approximately £25 million, and to be financially accretive from day one, even before the realisation of identified synergies.

This acquisition builds on the international momentum Hagerty has established through Broad Arrow Auctions, which has expanded its European presence over the past year. Together, both brands can create a more integrated enthusiast platform in the United Kingdom – combining specialty insurance, live and digital auctions and community engagement across both motorcycles and enthusiast cars with meaningful cross-sell opportunities.

Bennetts' book comprises 92% enthusiast riders and has a risk profile that closely mirrors Hagerty's enthusiast car insurance portfolio. Bennetts' 4.7/5.0 Trustpilot rating, 250,000 YouTube subscribers, and 41 million annual social media interactions reflects an exceptional level of authentic community engagement.

Editors Notes.

About Bennetts

Established in 1930, Bennetts is one of the UK's leading motorcycle insurance brokers, offering Defaqto 5 Star Rated coverage across classic and modern bikes. With a panel of trusted insurers and a comprehensive suite of policy features, Bennetts combines competitive pricing with an exceptional customer experience. Riders who insure directly with Bennetts receive free BikeSocial membership, an exclusive platform offering discounts, experiences, and a thriving enthusiast community.

About Hagerty, Inc. (NYSE: HGTY)
Hagerty is a company built by drivers for drivers, protecting 2.9 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world's largest community of car lovers.

Forward-Looking Statements - All statements contained in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected timing and completion of the acquisition and its anticipated strategic, operational and financial impact. Forward-looking statements are based on Hagerty's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including the risk (i) that the acquisition may not be completed on the expected terms or timeline, or at all; (ii) that the closing conditions may not be satisfied; (iii) that the anticipated benefits of the acquisition may not be realized, including earnings enhancements and synergies; (iv) that Hagerty may be unable to successfully integrate Bennetts with its U.K. business or that integration costs may exceed expectations; (v) of potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement of the acquisition; (vi) that Hagerty may not have identified certain risks relating to Bennetts' business or underestimated the severity or probability of certain risks relating to Bennetts' business; and (vii) other risks described in Hagerty's filings with the U.S. Securities and Exchange Commission. Hagerty undertakes no obligation to update or revise any forward-looking statements, except as required by law.

SOURCE Hagerty

REDWOOD CITY, Calif., July 02, 2026 (GLOBE NEWSWIRE) -- Revolution Medicines, Inc. (Nasdaq: RVMD), a late-stage clinical oncology company developing targeted therapies for patients with RAS-addicted cancers, today announced results from two Phase 1/2 clinical trials evaluating zoldonrasib, its oral RAS(ON) G12D-selective covalent inhibitor, in combination regimens for patients with RAS G12D metastatic pancreatic ductal adenocarcinoma (PDAC). The results, which will be presented today in a proffered paper session at the 2026 European Society for Medical Oncology (ESMO) Gastrointestinal Cancers Congress, include zoldonrasib in combination with standard of care chemotherapy in previously untreated patients and zoldonrasib in combination with daraxonrasib, the company’s oral RAS(ON) multi-selective inhibitor, in previously treated patients.

“The Phase 3 RASolute 302 results provided clinical validation of RAS(ON) inhibition with daraxonrasib in second line metastatic pancreatic cancer and established a strong foundation for evaluating this therapeutic approach across additional RAS genotypes, treatment settings and combination strategies. The results presented at ESMO GI demonstrate compelling proof-of-concept for two zoldonrasib-based regimens in RAS G12D disease: combination with standard of care chemotherapy in previously untreated patients and a RAS(ON) inhibitor doublet with daraxonrasib in previously treated patients. Together, these findings are the foundation of two distinct Phase 3 strategies we are pursuing in previously untreated metastatic RAS G12D pancreatic cancer: the ongoing RASolute 305 trial evaluating zoldonrasib plus standard of care chemotherapy, and the planned RASolute 309 trial evaluating the combination of zoldonrasib plus daraxonrasib,” said Alan Sandler, M.D., chief development officer of Revolution Medicines.

Safety and Efficacy of Zoldonrasib Plus Chemotherapy in Patients with First Line RAS G12D Metastatic Pancreatic Cancer (Abstract #340O)

RMC-GI-102 (NCT06445062) is an ongoing Phase 1/2 trial evaluating zoldonrasib 1200 mg once daily in combination with investigator's choice of standard of care chemotherapy in patients with previously untreated metastatic RAS G12D PDAC. Investigator's choice of chemotherapy includes modified FOLFIRINOX (mFFX) or gemcitabine plus nab-paclitaxel (GnP). As of the February 8, 2026 data cutoff, the trial enrolled 41 patients in the zoldonrasib plus mFFX arm and 40 patients in the zoldonrasib plus GnP arm.

Zoldonrasib demonstrated a manageable safety and tolerability profile in combination with standard chemotherapy. The safety profile of zoldonrasib in combination with chemotherapy was broadly consistent with the established profiles of each respective chemotherapy regimen. Grade 3 or greater treatment-related adverse events (TRAEs) occurred in 61% of patients who received the zoldonrasib plus mFFX and 80% of patients who received zoldonrasib plus GnP. The most common Grade 3 or greater TRAEs with zoldonrasib plus mFFX were decreased neutrophil count (37%), anemia (12%), and platelet count decreased (7%). The most common Grade 3 or greater TRAEs with zoldonrasib plus GnP were decreased neutrophil count (35%), anemia (28%), and fatigue (25%). No Grade 5 TRAEs were reported in either arm. The mean dose intensity was 86% with zoldonrasib plus mFFX and 90% with the zoldonrasib plus GnP.

In the trial, zoldonrasib with chemotherapy showed compelling antitumor activity, with an objective response rate (ORR) of 82% (95% confidence interval [CI]: 60, 95) and disease control rate (DCR) of 96% (95% CI: 77, 100) in the mFFX population, and an ORR of 61% (95% CI: 42, 78) and DCR of 90% (95% CI: 74, 98) in the GnP population.

These preliminary safety and clinical activity data support the ongoing RASolute 305 pivotal trial (NCT07621718), a global, randomized, double-blind placebo-controlled Phase 3 clinical trial evaluating zoldonrasib plus investigator’s choice of standard of care chemotherapy compared with placebo plus investigator’s choice of chemotherapy in patients with previously untreated metastatic RAS G12D PDAC.

Safety and Efficacy of Zoldonrasib Plus Daraxonrasib in Patients with Second Line-Plus RAS G12D Metastatic Pancreatic Cancer (Abstract #341O)

RMC-9805-001 (NCT06040541) is a Phase 1 trial evaluating zoldonrasib 1200 mg once daily plus daraxonrasib 300 mg once daily in advanced solid tumors with RAS G12D mutations. As of the February 9, 2026 data cutoff, 60 patients with RAS G12D metastatic PDAC who had previously received one or more prior lines of therapy were treated with the combination.

Zoldonrasib plus daraxonrasib demonstrated a manageable safety and tolerability profile that was broadly consistent with the established profile of daraxonrasib monotherapy. Grade 3 or greater TRAEs occurred in 35% of patients who received the combination. Among TRAEs occurring in 10% or more of all patients, the most common Grade 3 or greater events were rash (12%), anemia (10%), and stomatitis/mucositis (7%). Few patients discontinued due to TRAES; 2% discontinued zoldonrasib and 5% discontinued daraxonrasib. The mean dose intensity was 88% for zoldonrasib and 76% for daraxonrasib.

The zoldonrasib plus daraxonrasib combination demonstrated compelling antitumor activity in patients with previously treated metastatic PDAC. In the second line cohort (2L) (N=30), the ORR was 50% (95% CI: 31–69) and DCR was 97% (95% CI: 83–100). Median progression-free survival (PFS) in the 2L cohort was 9.6 months (95% CI: 7.1–NE), with a 6-month PFS rate of 71%. Median overall survival (OS) in the 2L cohort was not yet estimable, with a 6-month OS rate of 89%. In the third line and beyond (3L+) cohort (N=30), the ORR was 47% (95% CI: 28–66) and DCR was 90% (95% CI: 74–98). Median PFS in the 3L+ cohort was 7.6 months (95% CI: 4.6–10.5), with a 6-month PFS rate of 59%. Median OS in the 3L+ cohort was 10.5 months (95% CI: 6.7–NE), with a 6-month OS rate of 82%.

These safety and clinical activity data support the planned pivotal global, Phase 3 RASolute 309 clinical trial of zoldonrasib plus daraxonrasib versus GnP in patients with previously untreated RAS G12D metastatic PDAC.

About Pancreatic Cancer and Pancreatic Ductal Adenocarcinoma
Pancreatic cancer is one of the most lethal malignancies, characterized by its typically late-stage diagnosis, resistance to standard chemotherapy, and high mortality rate. Pancreatic ductal adenocarcinoma, or PDAC, is the most common form of pancreatic cancer. Due to the lack of early symptoms and effective detection methods, approximately 80% of patients are diagnosed with advanced or metastatic disease. PDAC is the most commonly RAS-driven malignancy of all major cancers, with more than 90% of patients having tumors that harbor RAS mutations.1 RAS G12D is the most prevalent RAS mutation subtype in PDAC, occurring in 40% of patients, and has been associated with poorer outcomes than RAS wild-type disease and certain other RAS-mutant subgroups.1-4

About Zoldonrasib
Zoldonrasib is an investigational, oral RAS(ON) G12D-selective covalent tri-complex inhibitor. RAS G12D is the most prevalent RAS mutation, accounting for 29% of all RAS cancers.1 Across tumor types, approximately 61,000 new patients with RAS G12D cancers are estimated each year in the U.S., and no targeted therapy is currently approved for these patients.5 Zoldonrasib is currently being evaluated as a monotherapy and in combination with other therapies, including with Revolution Medicines’ RAS(ON) multi-selective inhibitor daraxonrasib (RMC-6236), as well as standard of care regimens in lung and gastrointestinal cancers.

About Daraxonrasib
Daraxonrasib is an investigational, oral RAS(ON) multi-selective, non-covalent tri-complex inhibitor. The U.S. Food and Drug Administration (FDA) granted daraxonrasib Breakthrough Therapy Designation and Orphan Drug Designation for the treatment of patients with previously treated metastatic pancreatic ductal adenocarcinoma (PDAC) harboring G12 mutations. In addition, daraxonrasib was selected for the FDA Commissioner’s National Priority Voucher pilot program, which is intended to accelerate the development and review of therapies aligned with U.S. national health priorities.

Daraxonrasib is designed to target cancers driven by a broad range of common RAS genotypes, including PDAC, non-small cell lung cancer (NSCLC), and colorectal cancer. Daraxonrasib is being advanced through a global Phase 3 registrational program comprising four trials, including the completed RASolute 302 trial and three additional trials in patients with PDAC and metastatic RAS mutant NSCLC.

About Revolution Medicines, Inc.
Revolution Medicines is a late-stage clinical oncology company developing novel targeted therapies for patients with RAS-addicted cancers. The company’s R&D pipeline comprises RAS(ON) inhibitors designed to suppress diverse oncogenic variants of RAS proteins. The company’s RAS(ON) inhibitors daraxonrasib (RMC-6236), a RAS(ON) multi-selective inhibitor; elironrasib (RMC-6291), a RAS(ON) G12C-selective inhibitor; zoldonrasib (RMC-9805), a RAS(ON) G12D-selective inhibitor; and RMC-5127, a RAS(ON) G12V-selective inhibitor, are currently in clinical development. Additional development opportunities in the company’s pipeline focus on RAS(ON) mutant-selective inhibitors, including RMC-0708 (Q61H) and RMC-8839 (G13C). For more information, please visit www.revmed.com and follow us on LinkedIn.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not historical facts may be considered “forward-looking statements,” including without limitation statements regarding our development strategy, including in RAS G12D pancreatic cancer; the potential of our product candidates for RAS(ON) inhibition, including in pancreatic cancer; the ability of daraxonrasib or zoldonrasib to improve patient outcomes; planned and ongoing clinical studies; and potential efficacy of the company’s product candidates being studied.

Forward-looking statements are typically, but not always, identified by the use of words such as “anticipate,” "estimate," "plan," “potential,” “proof-of-concept,” “pursuing,” "will" and other similar terminology indicating future results. Such forward-looking statements are subject to substantial risks and uncertainties that could cause the company’s development programs, future results, performance, or achievements to differ materially from those anticipated in the forward-looking statements. Such risks and uncertainties include without limitation risks and uncertainties inherent in the drug development process, including the company’s programs’ development stages, the process of designing and conducting preclinical and clinical trials, the regulatory approval processes, the timing of regulatory filings, the challenges associated with manufacturing drug products, the company’s ability to successfully establish, protect and defend its intellectual property, other matters that could affect the sufficiency of the company’s capital resources to fund operations, reliance on third parties for manufacturing and development efforts, changes in the competitive landscape, and the effects on the company’s business of the global events, such as international conflicts or global pandemics. For a further description of the risks and uncertainties that could cause actual results to differ from those anticipated in these forward-looking statements, as well as risks relating to the business of Revolution Medicines in general, see Revolution Medicines’ Annual Report on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on May 6, 2026, and its future periodic reports to be filed with the SEC. Except as required by law, Revolution Medicines undertakes no obligation to update any forward-looking statements to reflect new information, events, or circumstances, or to reflect the occurrence of unanticipated events.

Revolution Medicines Media & Investor Contact:
[email protected]
[email protected]

References

1 Lee JK, Sivakumar S, Schrock AB, et al. Comprehensive pan-cancer genomic landscape of KRAS altered cancers and real-world outcomes in solid tumors. NPJ Precis Oncol. 2022;6(1);91. doi:10.1038/s41698-022-00334-z
2 Yousef, A., Yousef, M., Chowdhury, S. et al. Impact of KRAS mutations and co-mutations on clinical outcomes in pancreatic ductal adenocarcinoma. NPJ Precis Oncol. 2024;8:27. https://doi.org/10.1038/s41698-024-00505-0
3 Qian ZR, Rubinson DA, Nowak JA, et al. Association of Alterations in Main Driver Genes With Outcomes of Patients With Resected Pancreatic Ductal Adenocarcinoma. JAMA Oncol. 2018;4(3):e173420. doi:10.1001/jamaoncol.2017.3420
4 Norton C, Shaw MS, Rubnitz Z, et al. KRAS Mutation Status and Treatment Outcomes in Patients With Metastatic Pancreatic Adenocarcinoma. JAMA Netw Open. 2025;8(1):e2453588. doi:10.1001/jamanetworkopen.2024.53588
5 Estimated using tumor mutation frequencies from Foundation Medicine Insights March 2022 and scaled to estimated patient numbers using cancer incidence from ACS Cancer Facts and Figures 2023.

The milestone marks the expansion of Ondo – the leader in tokenized securities by total value – into the U.S. For the first time, U.S. listed securities – BlackRock's iShares Core S&P 500 (IVV) ETF and Micron (MU) shares – were tokenized by a third party on a public blockchain while staying within the existing U.S. regulatory and infrastructure framework Broadridge will enable holders of the tokenized securities to participate in proxy voting and receive regulatory disclosures, seamlessly providing token holders with the same protections and rights as holders of traditional securities Investors in securities tokenized by Ondo will have a common voting and shareholder communications platform and experience for synthetic and custodial tokenized securities leveraging Broadridge's ProxyVote.com platform , /PRNewswire/ -- Ondo Finance today announced the first live solution of third-party tokenized U.S. securities operating entirely within the existing regulatory perimeter in the U.S., in partnership with Broadridge Financial Solutions Inc., (NYSE: BR) to provide full voting rights for tokenized equity holders.

In its January 2026 statement on tokenized securities, the SEC described a custodial model in which a third party holds an issuer's securities and issues crypto assets representing a holder's entitlement to the underlying security. Ondo's launch of tokenized BlackRock iShares Core S&P 500 (IVV) ETF and Micron (MU) stock are the first production deployments of that model in the U.S.

Under this model, which closely follows the SEC's third-party custodial model, the underlying shares never leave the traditional U.S. regulated custody chain. Ondo's registered transfer agent mints corresponding tokens, backed 1:1 by those shares, which are issued on the Ethereum blockchain and held by regulated custodians. Each token holder will receive the same shareholder rights and protections as shareholders holding through U.S. brokerage accounts receive, including issuer communications and onchain proxy voting through Broadridge's ProxyVote.com platform.  Transfer restrictions are enforced by the participating broker-dealer, transfer agent, and custodian in accordance with existing regulatory requirements and practices, maintaining full regulatory compliance.

"Tokenized Securities in the U.S. are too often framed as a binary choice between competing models and tokenization providers. This is a false premise. Ondo has built the regulatory, product, and service infrastructure to support all major models within the United States. Today's milestone shows we can tokenize securities in ways that meet both market and regulatory requirements, for U.S. and global investors and provides a strong foundation for our expanding access to onchain investments for more U.S. investors," said Ian De Bode, CEO of Ondo Finance.

Today's announcement marks a major step forward for tokenized securities in the United States. Until now, tokenized securities have largely operated outside the U.S. or have required issuer sponsorship on an issuer-by-issuer basis. This model brings them inside the U.S. regulatory perimeter, with the underlying securities held in the same infrastructure that custodies U.S. securities today. This new structure shows how the benefits of tokenization can be attained while preserving the safeguards, recordkeeping, and market infrastructure that underpin U.S. capital markets.

"Tokenization will only scale when it delivers both innovation and investor confidence," said Doug DeSchutter, President of Broadridge's Investor Communication Solutions business. "By enabling proxy voting, issuer communications, and regulatory disclosures for Ondo's token holders, we're living up to our promise to empower investors and issuers by providing them with the full range of trusted governance capabilities for tokenized securities regardless of how assets are structured."

The launch is another milestone in realizing Broadridge's strategy to enable the adoption of tokenized securities by ensuring that they are supported by governance capabilities with the highest standards for auditability, accountability, and investor protection and comply with U.S. regulatory guidelines. Broadridge supports all models of tokenized securities, including issuer-listed models, synthetic tokenized securities issued outside the United States, and now, third-party tokenized shares within the U.S. by ensuring that investors get the critical communications they need to exercise their voting rights and stay informed about their investments.

About Ondo Finance

Ondo Finance is a blockchain-based technology company focused on tokenizing real-world assets and bringing institutional-quality financial products onchain. By bridging traditional finance and decentralized infrastructure, Ondo aims to make capital markets more accessible, transparent, and efficient.

The Global Markets platform for Ondo tokenized securities outside of the U.S. currently supports more than $1 billion in tokenized securities across 430+ tokenized stocks & ETFs. This launch expands Ondo's tokenization footprint into the U.S., to enable third-party issuance of tokenized security entitlements for major ETFs and stocks.

Oasis Pro TA, LLC, an SEC-registered transfer agent and indirect wholly owned subsidiary of Ondo Finance Inc., issues the tokenized security entitlements in the new model herein described. Such tokenization services are not a regulated activity of Oasis Pro TA, LLC.

About Broadridge's Tokenization Solutions

Broadridge enables onchain proxy voting and governance, digital asset infrastructure including post-trade, wallets and custody, and the scaling of digital asset capabilities across multiple asset classes. Through these innovations, Broadridge is helping financial institutions unlock the next era of digital asset investing.

Broadridge's Distributed Ledger Repo solution is the world's largest institutional platform for settling tokenized real assets. As tokenization gains momentum across financial services, Broadridge is meeting the complexity of operating across traditional and digital ecosystems with established scale, critical market knowledge, and technological expertise.

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com

SOURCE Ondo Finance

Banners displaying the NATO logo are placed at the entrance of new NATO headquarters during the move to the new building, in Brussels, Belgium April 19, 2018. REUTERS/Yves Herman Purchase Licensing Rights, opens new tab

BERLIN/PARIS, July 2 (Reuters) - NATO will announce plans ​at next week's ‌Ankara summit to replace its ageing ​fleet of ​AWACS aircraft with GlobalEye ⁠surveillance planes ​from Sweden's Saab (SAABb.ST), opens new tab, four ​sources familiar with the matter said.

NATO, whose ​members are ​due to meet in the ‌Turkish ⁠capital on July 7 and 8, did not ​immediately ​respond ⁠to a request for comment. ​Saab declined ​to ⁠comment.

The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war. Sign up here.

Reporting by Sabine Siebold and ⁠Tim ​Hepher, Additional ​reporting by Simon Johnson; editing ​by Barbara Lewis

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

, /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that the Board of Directors of the Company has declared a cash dividend of US$0.0169 for each outstanding subordinate voting share and multiple voting share of the Company for the second quarter of 2026.

The cash dividend will be paid on July 31, 2026 to shareholders of record at the close of business on July 13, 2026. The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada).

About GFL

GFL is the fourth largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a workforce of more than 15,000 employees across its organization.

Forward Looking Statements

This release includes certain "forward-looking statements", which are not guarantees or assurances of future performance. Because forward-looking statements are related to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. GFL undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws. The declaration, timing, amount and payment of any future dividends remains at the discretion of GFL's Board of Directors.  

For more information:
Patrick Dovigi
+1 905-326-0101
[email protected]

SOURCE GFL Environmental Inc.