Track market-moving stories before they get noisy

Meta Platforms, Inc.'s Q2 earnings will focus on CapEx guidance (already revised for 2026); market sentiment hinges on Meta's ability to monetize AI infrastructure investments. Meta's recent pivot toward becoming a neocloud provider and compute lessor, including a potential $10B Anthropic deal, could reduce its persistent valuation discount by providing a path to such monetization. Integration of AI models within Meta's social ecosystem and the scaling of Meta Glasses are key forward catalysts, though risks remain around CapEx returns and hyperscaler competition.

Tesla is scheduled to report earnings after markets close on Wednesday, with traders anticipating a big move from the EV maker's stock.

Alphabet GOOGL shares climbed about 3% on Monday after a report said Google is developing a new AI server chip designed specifically to run its Gemini models more efficiently.

According to The Information, the chip, internally codenamed "Frozen v2," would permanently embed parts of Gemini's architecture into the silicon.

The design is intended to reduce the amount of computation and data movement required to process AI queries, potentially improving efficiency while lowering power consumption.

Alphabet responded to the report by emphasizing its ongoing investment in AI hardware innovation.

Its teams are “constantly researching and experimenting with new innovations to deliver maximum performance and efficiency for our users and customers” and “while not every project moves into production, this rigorous exploration is central to our full stack approach.”

“By co-designing our hardware and software from the ground up, we ensure our systems are integrated and highly optimized for real-world workloads,” continued the statement.

The stock was trading 1.3% higher at the time of writing.

Unlike Google's Tensor Processing Units (TPUs), which are designed to support a broad range of artificial intelligence models, Frozen v2 is reportedly being built exclusively for Gemini.

According to The Information, Google engineers believe the chip could deliver between six and ten times more tokens per unit of power than the company's latest TPUs.

Rather than replacing Google's general-purpose AI processors, Frozen v2 is expected to become a specialized addition to the company's custom-chip portfolio.

The report said Google is targeting deployment around 2028, with the project intended to help address internal compute shortages that have reportedly limited the company's cloud capacity.

Last month, Google reportedly agreed to pay SpaceX nearly $1 billion per month to help meet enterprise computing commitments.

The trade-off, according to the report, is flexibility.

Frozen v2 would remain effective only if future Gemini models continue using the same underlying architecture.

Google reportedly views the project as partly a trial run and does not expect to manufacture the chips at the same scale as its TPUs.

Google's hardware ambitions come as its AI business faces growing competitive pressure.

Recently, a Bloomberg report said the next Gemini Pro release has been delayed.

Google has also lost several senior researchers to competitors.

Chinese AI developers have also gained traction, with their models now accounting for 45% of token usage among US companies.

Recent releases from Moonshot AI and Alibaba have further narrowed the performance gap with leading US AI models.

Meanwhile, Google DeepMind Chief Executive Demis Hassabis is on Capitol Hill this week advocating for a federally overseen, industry-funded AI watchdog modeled after FINRA to evaluate advanced AI systems for national security risks before deployment.

Wall Street remains constructive on AlphabetGoogle continues expanding its in-house AI hardware efforts as it seeks to reduce dependence on Nvidia while lowering the cost of running Gemini.

Earlier this year, the company introduced its eighth-generation TPU and has increasingly marketed its chips to external cloud customers, including a multibillion-dollar agreement to supply TPUs to Meta Platforms.

Google has also approached other cloud providers that have traditionally relied on Nvidia GPUs.

Separately, BMO Capital raised its price target on Alphabet to $455 from $435 while maintaining an Outperform rating.

The firm increased its Google Cloud estimates for the fourth quarter and fiscal 2027, citing stronger cloud demand, expanding capacity and a substantial backlog.

However, BMO also noted that questions remain regarding Gemini model performance following reports that Gemini Pro 3.5 has been delayed as it falls short on certain benchmarks.

Alphabet (GOOGL - Free Report) ) will officially kick off the Q2 earnings season for the Magnificent Seven when it reports its quarterly results after Wednesday's closing bell on July 22. 

As the first mega-cap technology company to report, Alphabet could set the tone not only for the tech sector, but also for the broader market heading into reports from Microsoft (MSFT - Free Report) ), Meta Platforms (META - Free Report) ), Amazon (AMZN - Free Report) ), Apple (AAPL - Free Report) ), and Nvidia (NVDA - Free Report) ) over the coming weeks.

With AI remaining Wall Street's dominant investment theme, investors will be looking beyond another likely quarter of double-digit revenue growth to determine whether Alphabet's massive infrastructure investments will generate attractive returns.

Image Source: Zacks Investment Research

Alphabet’s Q2 Expectations Remain HighWall Street expects Alphabet to post another impressive quarter, with consensus estimates calling for earnings of approximately $2.90 per share on revenue of $101.22 billion when including Traffic Acquisition Costs (TAC), which are the payments Google makes to partners for directing traffic to its search and advertising services.

The top-and bottom-line figures would represent roughly 24% year-over-year growth, respectively.

Several key business segments and underlying metrics will likely determine whether Alphabet can exceed expectations:

Google Search advertisingYouTube advertising revenueGoogle Cloud growthOperating marginsAI-related capital expenditures (CapEx)Cloud continues to be one of Alphabet's fastest-growing businesses, with demand for AI infrastructure and enterprise cloud services expected to remain robust. Based on Zacks estimates, Google Cloud revenue is expected to soar 67% to $22.79 billion from $13.62 billion a year ago.

Meanwhile, investors will be watching to see whether Gemini AI strengthens Search and improves monetization across Alphabet's product ecosystem. 

The Zacks ESPThe most intriguing reason for optimism is that the Zacks ESP (Expected Surprise Prediction) indicates Alphabet could once again surpass earnings expectations.

To that point, the Most Accurate and recent estimate among Wall Street analysts has Q2 EPS slated at $2.93 and nearly 2% above the underlying Zacks Consensus of $2.87 as shown below (Current Qtr).

Image Source: Zacks Investment Research

Alphabet has exceeded earnings expectations for 13 consecutive quarters with a very impressive average EPS surprise of 34.43% in its last four quarterly reports.

Image Source: Zacks Investment Research

Frozen v2 MomentumProviding a near-term catalyst, Alphabet shares are moving higher in Monday's trading session after reports that Google is developing a next-generation AI server chip, informally dubbed "Frozen v2," that would run its Gemini models more efficiently by embedding portions of the model's architecture directly into the silicon.

Key Features of Frozen v2

Model hardwiring: Unlike general-purpose AI chips that load models into memory, Frozen v2 would “freeze” certain aspects of Gemini’s neural-network design into the hardware, reducing the need for repeated data movement and calculations.Efficiency gains: Reports suggest Frozen v2 could serve 6-10 times more AI tokens per unit of power than Google’s latest custom Tensor Processing Units (TPUs).Specialized design: Frozen v2 will be a new line of homegrown chips, separate from TPUs, not intended to replace them.Deployment target: As early as 2028, although design details and how much model data will be hardwired are still being finalized. Why It Matters

Addressing AI capacity crunch: Alphabet is facing severe internal compute shortages, which have reportedly led to Google Cloud turning away some external customers.Cost and speed: By reducing overhead, Frozen v2 could lower energy costs and latency, making real-time AI services like voice assistants more feasible. Strategic self-reliance: This move deepens Google’s control over AI infrastructure, reducing reliance on competitors like Nvidia.Basically, Frozen v2 is a bold step toward model-specific AI hardware, aiming to make Gemini-based AI services faster, cheaper, and more scalable — but it comes with trade-offs in flexibility and model compatibility.

AI Spending Remains the Biggest QuestionPerhaps the most important aspect of Alphabet's report won't be the quarterly numbers themselves but management's outlook for AI spending.

Alphabet has dramatically increased its CapEx over the past year as it races alongside Microsoft, Amazon, and Meta to expand AI infrastructure. Investors generally remain comfortable with elevated spending as long as revenue and earnings continue growing at a healthy pace, but any indication that returns on those investments are slowing could pressure the stock.

Conversely, stronger-than-expected Cloud growth or encouraging commentary surrounding Gemini adoption could reinforce the bullish AI narrative that has driven tech stocks throughout 2026.

During Q1, Alphabet’s CapEx spiked 107% YoY to $35.7 billion, with the majority directed toward AI technical infrastructure.

Alphabet's current guidance is for approximately $175 billion-$185 billion in CapEx during FY26. The spending is primarily earmarked for expanding data centers, AI infrastructure, servers, networking equipment, and custom TPUs to support growing demand for Google Cloud and Gemini AI.

Aforementioned, investors will be looking for any updates to that outlook, as well as commentary on whether those investments are generating stronger Google Cloud growth and improving AI monetization.

Image Source: Zacks Investment Research

Alphabet’s Valuation Still Looks ReasonableDespite Alphabet's strong rally over the last year, its valuation remains relatively attractive compared to many other mega-cap tech stocks.

Alphabet stock currently trades at 24X forward earnings, which is near the benchmark S&P 500’s average while offering one of the strongest combinations of earnings growth, free cash flow generation, and balance-sheet strength among the Mag 7.

That reasonable valuation gives Alphabet less room for multiple contraction should earnings merely meet expectations or slightly miss them, while stronger guidance could justify additional upside if analysts continue raising profit estimates.

Image Source: Zacks Investment Research

Bottom LineBecause Alphabet reports before every other Mag 7 company this earnings season outside of Tesla ((TSLA - Free Report) ), its conference call may prove just as influential as its financial results.

Strong Q2 results and positive commentary would likely strengthen confidence ahead of reports from Microsoft, Meta, Amazon, and Nvidia, while disappointing guidance could weigh on sentiment across the entire technology sector.

Expectations are running high for Alphabet's Q2 results, but so is the company's earnings momentum. Optimistically, Alphabet stock currently sports a Zacks Rank #1 (Strong Buy) thanks to favorable earnings estimate revisions and a positive Earnings ESP, suggesting the company may be well positioned to deliver another quarterly beat.

Microsoft Corp (NASDAQ:MSFT)'s fiscal fourth quarter results will be a key test of the company's AI execution, with Azure growth, AI infrastructure spending and Microsoft 365 Copilot adoption expected to be the main focus when the software giant reports, according to Bank of America analysts.

The analysts wrote that "AI execution remains the central debate" heading into the results, adding that fiscal 2027 commentary on Azure growth, data center buildout and AI backlog conversion will also be closely watched.

The analysts highlighted that Azure remains the key metric for investors, with Microsoft previously guiding for 39% to 40% year-over-year growth in constant currency. They wrote that demand continues to outpace capacity, while the company's first Fairwater data center facility in Wisconsin is now fully operational, supporting the conversion of commercial remaining performance obligations (RPO) into revenue.

The analysts highlighted Microsoft's $627 billion commercial RPO balance reported last quarter and noted that management expects about 25% of that amount to be recognized over the next 12 months, which they said could help validate Microsoft's AI investment strategy.

Bank of America estimates Q4 capital expenditures, including finance leases, will total about $42 billion, up 32% from the prior quarter and 74% from a year earlier, as Microsoft continues expanding AI compute capacity. The analysts expect the higher spending to pressure free cash flow in the near term and wrote that Azure growth at or above the company's 39% to 40% outlook is likely needed to support the stock, while a weaker result could raise concerns about returns on AI investments.

The analysts also identified Microsoft 365 Copilot adoption and broader AI monetization as important proof points. Copilot reached 20 million paid seats in the third quarter after adding 5 million sequentially, while AI annual recurring revenue exceeded $37 billion, up 123% year over year. They expect both metrics to continue growing as AI capacity expands.

For the quarter, the Bank of America analysts forecast revenue of $87.4 billion, up 14.4% from a year earlier, driven by Intelligent Cloud revenue of $38.1 billion and Productivity and Business Processes revenue of $37.3 billion. They expect More Personal Computing revenue to decline 10.5% year over year to $12 billion, reflecting ongoing gaming headwinds.

The analysts reiterated a ‘Buy’ rating and a $500 price target on Microsoft shares, implying upside from current levels of about $400.

The company will report its earnings on July 29.

Advanced Micro Devices, Inc. is now perceived as Nvidia's main AI competitor, but current valuations price in near-perfect execution. Market expectations assume sustained AI demand, rapid AI accelerator share gains, and continued server growth—all simultaneously, which is unlikely. Valuation model estimates AMD's intrinsic value at $220.36 per share, about 55% below the current market price.

Characteristics and Risks of Standardized Options: https://bit.ly/2v9tH6D. Alibaba (BABA) says its new Qwen 3.8 AI model is one of the most powerful in the world.

Airplane miniature is placed on displayed AerCap logo in this illustration March 8, 2023. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

FARNBOROUGH, England, July 20 (Reuters) - Leasing giant AerCap (AER.N), opens new tab ​is set to ‌place an order for 15 Boeing (BA.N), opens new tab 787 ​jets, two ​industry sources said on ⁠Monday.

Dublin-based AerCap, which ​is the world's ​largest owner of Boeing's newest long-haul plane in ​service, is expected ​to announce the order ‌during ⁠the Farnborough Airshow, they said.

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

Boeing referred queries to AerCap, ​which did ​not ⁠immediately respond to a ​request for comment. ​Bloomberg ⁠reported on Sunday that AerCap could ⁠order ​as many ​as 15 of the ​jets.

Reporting by Tim Hepher

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

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Elizabeth Stone is Netflix's chief product and technology officer. Kimberly White/Getty Images for TechCrunch Netflix expects employees across the company to develop an "aspiration for AI fluency" as the technology reshapes how work gets done, a top executive said.

Elizabeth Stone, Netflix's chief product and technology officer, said on an episode of "Lenny's Podcast" released Sunday that the streaming giant is encouraging all employees — from new hires to senior executives — to become more comfortable using AI.

"The way we've approached this so far is instead of trying to articulate at each level exactly how AI changes those expectations, to instead put an overlay across all of the talent at Netflix, people on the team, and those who are hiring, to talk about an aspiration for AI fluency," she said.

Stone told podcast host Lenny Rachitsky that expectations will vary depending on an employee's role and career stage.

"The most useful thing is not to make it level specific or role specific, but to encourage everyone towards the expectation on AI fluency," Stone said.

Stone said AI fluency, which she acknowledged is "a tough thing to define," isn't about using the technology for the sake of using it. Instead, she said it means understanding where the technology is useful, exercising "good judgment," and keeping an open mind to "explore and try new things."

"That's the non-negotiable for all roles, and that's true at the senior-most levels of Netflix, where we talk about we too need to have deep fluency in AI, even if we're not writing code as part of our day jobs," she said.

The emphasis on AI fluency has also changed Netflix's hiring practices, Stone said, explaining that the company discusses AI during interviews to understand how job seekers think about the tech and how they use AI tools in their day-to-day lives.

Despite growing concerns that AI could reduce demand for entry-level workers across the job sector, Stone said junior talent remains a "critical part" of Netflix's hiring strategy.

"We are still hiring junior people, and they're really important to our talent strategy," Stone said, pointing to the company's intern and new graduate programs.

She added that younger employees can be more open-minded, more comfortable with emerging AI technologies, and more attuned to how entertainment is changing.

"I can guarantee you that earlier career talent is going to be teaching older folks like me many new things, too," Stone told Rachitsky.

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Natalie Musumeci You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Natalie is a senior reporter on Business Insider's Business News team.She was previously on BI's Legal Affairs team where she covered major cases out of state and federal court, as well as bankruptcy. Her coverage often focused on stories at the intersection of law, business, politics and technology. Natalie has covered Donald Trump’s criminal and civil cases, the wave of lawsuits against the second Trump administration, the indictment and criminal trial of Sean “Diddy” Combs, the shooting death of UnitedHealthcare CEO Brian Thompson, and the legal battles facing Elon Musk and his companies. Natalie came to Business Insider in June 2021 as a breaking news reporter, focusing on the most interesting angles around the trending news of the day. Natalie largely drove BI’s coverage around the fatal “Rust” shooting involving Alec Baldwin and the disappearance and murder of Gabby Petito.Prior to joining BI, Natalie worked for the New York Post, the New York Daily News, and The Brooklyn Paper. She has an extensive background covering crime and courts. During her more than 12-year journalism career, she did a stint covering the police beat out of the headquarters for the New York Police Department. Natalie, a Brooklyn native, graduated from Brooklyn College in 2012 with a journalism degree. Popular articles

Walmart and Amazon face legal trouble for using a points system to track and fire employees over absences: lawyersCelebrities who partied with Diddy may want to contact their lawyersAn unchecked AI could usher in a new dark ageAt Diddy's A-list 'white parties,' naked women were a staple — but that didn't seem to raise eyebrows at the timeThe illegal maneuvers the rich use to get richerOwner of ship that crashed into Baltimore bridge will likely try to invoke 1851 law used to cap damages after Titanic disaster AI Netflix Work More Technology

The 2026 FIFA World Cup has given a $20 billion boost to the US economy, according to Bank of America, sparking massive local booms in host cities and helping propel the strongest surge in consumer spending in more than four years.

BofA CEO Brian Moynihan said half of the tournament’s $40 billion in fresh economic activity has been funneled to the US, and that the footprint extends far beyond the turnstiles. The bank’s 70 million consumer customers, who spend more than $400 billion a month, are shelling out 5% to 6% more than a year ago.

“Even when we look into host cities like a Kansas City, we can see the growth rate in spending faster than other cities,” Moynihan said. “So it’s having this on-the-ground economic impact, and that spending is going into what we call bricks-and-mortar — going to bars and restaurants and things like that — not necessarily only the people in the stadium.”

BofA CEO Brian Moynihan spelled out in an interview with CBS how the World Cup had helped boost the US economy CBS Americans are spending at their fastest clip since early 2022. Total credit and debit card spending jumped 6.3% year over year in June, or 5.6% after stripping out gasoline, economists at the financial giant found.

Government data tells the same story. US retail and food services sales climbed 6.7% from a year earlier in June, the fifth straight monthly increase, with second-quarter sales up 6.4% from 2025, the Census Bureau reported.. Spending at bars and restaurants — the categories most exposed to World Cup crowds — ran 3.8% ahead of last year.

Bank of America’s data shows airline and leisure spending posted double-digit growth in June, while clothing rose 7% and general merchandise 5%. The BofA report does not include spending by foreign visitors, meaning the overall economic impact is undoubtedly far higher.

According to the New York/New Jersey Host Committee, fans spent $1.2 billion in June in alone, generating a total economic impact of $2.1 billion. In that same time, the host committee says $228 million in tax revenue was generated as well.

Spanish fans celebrated Sunday’s victory over Argentina in Times Square, but Bank of America’s report excludes spending by foreign visitors. REUTERS The tournament’s kick is visible in the geography of the receipts. Brick-and-mortar restaurant spending in host cities jumped two percentage points during the opening weeks, while non-host cities were essentially flat, the bank found — with lower-income consumers driving much of the boom.

Hotels cashed in through price, not just volume. Kansas City saw a roughly 90% jump in renevue per room, while San Francisco saw that figure surge by 55% according to data from CoStar Group.

“In Kansas City, that’s going to dominate your markets quickly,” noted Victor Matheson, a sports economics professor at the College of the Holy Cross. “You’re going to have likely bigger increases in hotel prices because you get capacity constrained a little quicker.”

Matheson said the financial boon for each city was also highly dependent on the luck of the tournament draw.

The Spanish and Argentine flags are displayed on the pitch ahead of the 2026 World Cup football tournament final match between Spain and Argentina at the New York/New Jersey Stadium in East Rutherford on July 19, 2026. AFP via Getty Images While Boston was “overrun with Scots drinking us out of our beer,” he pointed out that a group stage matchup like Austria versus Algeria in Kansas City likely relied much more heavily on local attendance, as those nations traditionally bring smaller traveling fan bases to North America.

The wallet-opening comes despite a broader hiring slowdown. Employers added just 57,000 jobs in June, well short of forecasts, and leisure and hospitality shed 61,000 positions on weak seasonal hiring, the Bureau of Labor Statistics reported.

That undercut predictions, including a Goldman Sachs estimate of a 40,000-job World Cup boost, that the tournament would supercharge payrolls.

Workers at the bottom who switched jobs pocketed raises of roughly 12%, according to Bank of America deposit data. Their card spending climbed 4.8% from a year earlier.

President Trump appeared alongside FIFA boss Gianni Infantino to present the winners’ medal to Spain after they defeated Argentina 1-0. AFP via Getty Images Officials are now scrambling to make the soccer party permanent. Boston, after absorbing its influx of international visitors without major hiccups, is already eyeing a bid for the 2031 Women’s World Cup, while President Trump has floated the idea of the US bidding for the tournament once more in the coming years.

The 2026 FIFA World Cup ran from June 11 to Sunday’s final that saw Spain defeat Argentina 1-0. The competition was jointly hosted by 16 cities across three countries: the United States, Mexico, and Canada.

Walt Disney Co (NYSE:DIS, XETRA:WDP) is scheduled to report fiscal third quarter results on August 5, with UBS analysts expecting accelerating earnings growth as first-half headwinds ease and forecasting the company will maintain its fiscal 2026 guidance.

UBS expects Disney to report fiscal third-quarter revenue of $25.4 billion and segment operating income of $5.16 billion, compared with Wall Street expectations of $5.24 billion and company guidance of about $5.3 billion.

The firm forecasts earnings per share of $1.91, above the consensus estimate of $1.85 and up 18% from a year earlier.

The analysts wrote that growth should be supported by high single-digit expansion in the Experiences segment and double-digit growth in the company's streaming business, while Sports operating income is expected to decline by the mid-teens due to higher sports rights costs. They also expect box office performance to remain soft overall.

For fiscal 2026, UBS continues to forecast earnings per share of $6.90, representing 16% year-over-year growth and broadly in line with Disney's guidance. The estimate includes a roughly 4% benefit from an extra week in the fiscal fourth quarter and is expected to be driven by continued strength in Experiences, improving Sports profitability and streaming margins above 10%.

In Experiences, UBS expects revenue to rise 8.7% year over year and operating income to increase 9.6% as the business laps upfront cruise costs and pre-opening expenses related to World of Frozen. The analysts expect growth to accelerate further in the fourth quarter before receiving an additional boost from the extra fiscal week.

UBS believes domestic attendance improved during the quarter, with attendance roughly flat from a year earlier after declining 1% in the prior quarter, as comparisons related to Epic Universe's opening and international visitation became less challenging. Per-capita guest spending is expected to remain strong, increasing about 4% year over year.

Within Entertainment, UBS forecasts revenue growth of 8.7% and operating income growth of 48% to approximately $1.5 billion, driven by streaming gains and the consolidation of Fubo. The analysts expect streaming subscription revenue to increase 11% year over year, while streaming operating margins improve by 350 basis points from a year earlier to 10.1%, despite sequential pressure from higher international content spending.

The analysts also expect mixed theatrical performance during the quarter, citing stronger box office results from The Devil Wears Prada 2 and Toy Story 5, offset by weaker performances from Star Wars: The Mandalorian & Grogu and the live-action Moana.

In Sports, UBS forecasts revenue growth of 4.7%, including an approximately 3% contribution from NFL Network, while operating income is expected to decline 14% to $891 million as double-digit growth in sports rights expenses, including NBA and WWE contracts, weighs on profitability.

The analysts expect advertising revenue to increase more than 10% on stronger NBA ratings and noted that Disney recorded its first quarter of year-over-year television viewership growth since the first quarter of 2024, helped by NBA Finals audiences. UBS expects subscription and affiliate revenue growth of around 5%, with streaming gains partly offset by the NFL Network no longer being carried on Comcast's Xfinity platform.

UBS also noted that management expects mid-single-digit operating income growth for the Sports segment for the full fiscal year, with the firm anticipating a stronger fourth quarter supported by easier comparisons related to sports rights costs and last year's ESPN direct-to-consumer launch expenses.

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SummaryMcDonald's has underperformed the market, declining 10% versus a 14% benchmark rally since my last coverage.Recent catalysts and compressed earnings multiples now make MCD attractive, prompting my rating upgrade from Hold to Buy.Top- and bottom-line growth has accelerated, with recent quarters suggesting a potential turnaround in business performance.Consistency in growth supports the case for multiple expansion, and I see the outlook for MCD as improved. Getty Images

Honestly, I've been bearish on McDonald's (MCD) for almost a year now. The last time I wrote a piece on it, I argued that it may appear to be an interesting opportunity, but I still thought that it was

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MCD over 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.

Coca-Cola may be the stronger business today, but PepsiCo offers a more attractive opportunity. Pepsi's higher yield and activist-driven changes give it the edge as a new buy today.

Key Takeaways Intel’s latest quarterly results are set to be released Thursday afternoon, with options traders anticipating its stock could swing up to 12% in either direction by the end of the week.Analysts expect Intel to report growing revenue and profits, as the chipmaker’s sales have been boosted by AI demand in recent quarters. Get personalized, AI-powered answers built on 27+ years of trusted expertise.

Intel is slated to report earnings after the closing bell Thursday, with traders anticipating a sizable move from the chipmaker’s stock following the results.1

Based on recent options pricing, traders expect Intel (INTC) shares could swing up to 12% in either direction by the end of the week. A move of that size from Monday’s close could see the shares rebound close to $109, where they were earlier this month, or drag them below $86.

Intel shares have soared more than 160% since the start of the year amid speculation about new deals after a flurry of high-profile agreements and better-than-expected results, though they’ve slipped over 30% from last month’s highs after a broader pullback in the AI trade in recent weeks.

Why This Matters to Investors Intel stock has been volatile lately, along with other semiconductor stocks, amid some worries about the sustainability of the tech industry’s spending on AI.

UBS analysts recently lifted their price target for Intel to $121 from $83, telling clients they see strong demand for Intel’s data center hardware potentially supporting higher prices. The analysts said they expect investors to be watching for updates from Intel on its manufacturing capabilities, as well as potential new customers for Intel’s foundry business.2

Intel is projected to report second-quarter revenue of $14.44 billion, up about 12% year-over-year, according to estimates compiled by Visible Alpha. Adjusted earnings per share are seen coming in at 22 cents, up from an adjusted loss of 10 cents per share a year ago, when newly appointed CEO Lip Bu-Tan was in the midst of launching a turnaround plan for the chipmaker.

Amid lingering uncertainty around Intel’s turnaround, a number of Wall Street analysts have hesitated to recommend buying the stock. Of the eight analysts tracked by Visible Alpha, four have called it a “buy,” while four have maintained neutral ratings. Their mean price target of $128 would suggest upside of more than 30% from Monday’s close, bringing the stock back near last month’s record.

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SOXX dips into a bear market… Luke Lango on when the AI bull will return… one of Jonathan Rose’s favorite trades today… the blue-chip investment that Brian Hunt flagged as just making a new all-time high As I write on Monday, the tech/AI trade is pushing higher. But on Friday, it briefly dipped into an official bear market.

I’m referencing the Philadelphia Semiconductor Index, tracked by the iShares Semiconductor ETF (SOXX). It provides diversified exposure to the entire critical supply chain of the AI boom – from chip designers, to custom accelerators, to critical manufacturing equipment. It’s a one-click way to own “AI.”

And here’s how it looked at one point on Friday – down 20%+, official bear-market territory.

This bear hasn’t been driven by bad news – it’s arrived despite some of the best news the AI infrastructure trade has seen all year.

Take last week’s earnings from AI bellwether Taiwan Semiconductor Manufacturing Co. (TSMC).

The company reported a record-shattering second quarter, with revenue rising 36% year over year to $40.20 billion and net income surging 77%, driven by strong demand for AI chips. Gross margins were good, and management raised its full-year revenue growth outlook to over 40%, supported by a massive expansion of its capital expenditure budget.

And yet Wall Street punished that blowout performance with a 5% selloff.

It’s not the only one.

Fellow AI giants ASML (ASML) and Samsung Electronics also smashed earnings last week (Samsung reported a colossal 15-fold surge in operating profit) only to be rewarded with heavy selling – ASML dropped 5% the day after it reported earnings while Samsung tanked about 8%.

The most fascinating part of all this is that the “beat-and-drop” anomaly is occurring against a backdrop of clear forward visibility. These AI infrastructure giants aren’t just promising growth – their explosive future revenue and cash flows are heavily backlogged and already under long-term contract.

So, why is AI suddenly in a bear market then?

Because Wall Street has gotten nervous – not about today’s orders, but about tomorrow’s.

Investors are increasingly questioning whether today’s AI spending spree still has legs.

The “capex-taker problem” Last week, our technology expert Luke Lango, editor of Innovation Investor, detailed what’s happening:

The market’s hesitation is not about today’s demand (for AI), but about whether hyperscaler spending remains as robust in 2027 and beyond.

Yes, the hyperscalers have spent billions so far – profiting the supply-chain companies like ASML, Taiwan Semiconductor, and Samsung extravagantly – and they’ve pledged billions more to come.

But yesterday’s pledge isn’t the same thing as tomorrow’s delivery. And Wall Street is increasingly worried it will vanish.

Back to Luke:

The problem is that supply-chain companies are capex takers—they build against spending decisions made months or years ago—and therefore cannot answer the market’s only remaining question:

Whether hyperscalers intend to sustain today’s spending into 2027 and 2028.

Well, we don’t have to wait much longer to find out.

That demand-side confirmation begins arriving on Wednesday when Google (GOOG) reports, followed by Microsoft (MSFT) and Meta (META) next Wednesday (July 29), and Amazon (AMZN) on July 30.

Back to Luke:

The four questions that matter remain straightforward:

Do hyperscalers maintain or raise 2026 AI capex? Do they provide constructive commentary around 2027 and 2028 spending? Are AI investments producing measurable returns that justify continued expansion? And do they announce additional infrastructure projects that demonstrate the buildout is still accelerating? Luke believes that all four questions will receive positive answers. And if so, get ready for a sharp recovery rally across AI infrastructure.

Here’s his bottom line:

The capex taker problem is real and it ends [starting this week].

Google, Microsoft, Meta, and Amazon will tell the market what Samsung, ASML, and TSMC structurally cannot: Whether the AI infrastructure buildout has durable legs into 2027 and 2028.

We believe the answer is yes, and every leading indicator from the demand side supports that belief.

To see how Luke is positioning his Innovation Investor subscribers to be ready for the potential AI rally, click here.

Now, while money has been flowing out of AI infrastructure over the past few weeks, another group continues to strengthen: oil refiners.

And that’s exactly where veteran trader Jonathan Rose of Masters in Trading Live is finding opportunity today…

Plenty of fuel in the tank Jonathan has long kept a close eye on oil refiners.

One of the primary indicators he watches is the “crack spread” – essentially the profit margin refiners earn by turning crude oil into gasoline and diesel.

Historically, refinery stocks tend to follow that margin. When the crack spread expands – as it’s been doing recently – refiners’ earnings power often improves soon after.

During last Friday’s free Masters in Trading Live video, Jonathan pointed out that the crack spread has continued strengthening – and then called it one of the most powerful moves he’s ever seen:

I’ve actually never seen such a strong, violent move…

You want to stay long. All refiners. Patience. There is no reason to cover.

Among the names he highlighted were Phillips 66 (PSX), HF Sinclair (DINO), CVR Energy (CVI), and PBF Energy (PBF).

As you can see below, over the last month, these stocks have surged between 24% and 67%.

While this might feel like “too far, too fast,” just recognize that as long as refining margins continue to expand, the industry’s underlying fundamentals remain supportive of more gains.

If you’d like to hear Jonathan walk through the charts himself – including why he believes the crack spread remains one of the market’s most reliable leading indicators – you can watch last Friday’s free Masters in Trading Live episode here.

And if you’re new to Jonathan, he publishes these free MIT Live videos every day that the market is open at 11 a.m. ET. He profiles market trends, explains entries and exits, discusses the opportunities he’s watching in real time, and offers plenty of tickers along the way. You can sign up right here.

But energy isn’t the only place investors have been finding relief from the wobbly AI trade.

Senior Analyst Brian Hunt just highlighted the recent outperformance of a traditionally defensive corner of the market…

There’s always a bull market somewhere One of the easiest mistakes investors make during a sharp selloff is assuming everything is falling.

That’s rarely true.

Here’s Brian, editor of Money & Megatrends, with the reality:

There’s always a bull market somewhere. And in pursuit of finding such bull markets, money usually stays in the market.

It ‘sloshes’ back and forth in between various sectors, industries, and themes… looking for at least a temporary home where it will be treated well.

This month, that “sloshing” has become especially apparent.

While many of the market’s premier AI infrastructure stocks are down 20%+ from their recent highs, Brian notes that another group has been setting records – the Invesco Dividend Achievers ETF (PFM) just hit a fresh all-time high.

Dividend Achievers are companies that have raised their dividends every year for at least 10 years. Think Johnson & Johnson (JNJ), Visa (V), Coca-Cola (KO), Procter & Gamble (PG), ExxonMobil (XOM), Chevron (CVX), Walmart (WMT), and PepsiCo (PEP). Many of these companies are as “blue” as “blue chip” comes.

If the AI selloff is keeping you from sleeping well, you don’t have to abandon the market altogether – just choose a different investment vehicle, one that has a multi-decade track record of strength.

Back to Brian:

These businesses have paid and increased their dividends through recessions, bear markets, and a global pandemic.

In terms of consistency, these firms rank just behind the rising sun. PFM is a fund designed specifically to own such firms.

Whether the current AI selloff proves temporary, as Luke expects, or lasts longer than investors hope, Brian’s broader reminder is important to remember:

There’s always a bull market somewhere.

If you’d like Brian’s help in finding them, he writes Money & Megatrends every day the market is open, highlighting all sorts of opportunities before they become front-page news – best of all, it’s 100% free.

His issues are loaded with trend analysis, actionable advice, and loads of specific tickers. You can sign up right here.

Coming full circle We’ll learn a lot over the next two weeks.

The hyperscalers are finally going to answer the question Wall Street has been asking all summer: Is the AI infrastructure buildout still accelerating, or is the spending boom beginning to fade?

If Luke is right, this recent AI bear market could prove remarkably short-lived.

If not, Jonathan and Brian offer an equally valuable reminder: markets don’t move as a single giant monolith. Capital is constantly searching for opportunity – sometimes in oil refiners, sometimes in blue-chip dividend growers, and soon enough, perhaps back into AI.

Have a good evening,

Jeff Remsburg

(Disclosure: I own TSM, ASML, GOOGL, MSFT, AMZN, CVX, WMT)

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These 7 Stocks Are Analyst Favorites For Magnificent Earnings Growth; Google Holds Top Rating

ASML, Snowflake Lead Five Stocks Near Buy Points In Tough Market Rare earth stocks have been a ticket for riding a roller coaster for over a year, but the latest descent has been particularly brutal. Downward momentum gathered steam last Thursday, after the International Energy Agency's Global Critical Minerals Outlook 2026 edition highlighted a planned surge in mining capacity well beyond expectations of refining and magnet production. MP Materials (MP), USA…

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Micron Technology, Inc. is upgraded to Buy as it transitions into an infrastructure toll-bridge, leveraging $18B zero-cost float and SOCAMM2 architectural leadership. MU's $100B+ in guaranteed RPOs and aggressive capital return program may drive significant EPS accretion and multiple expansion through FY2027. Risks include a looming 2027 margin squeeze from greenfield CapEx, rising wafer/input costs, and SCA price ceilings capping up to 50% of revenue.

AMC Entertainment Holdings, Inc. (AMC) Q2 2026 Earnings Call Transcript

NEW YORK, July 20, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the “Class Period”), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Zillow common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Zillow’s agreement with Redfin Corporation was not a “partnership,” but rather an acquisition of Redfin’s business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, defendants’ statements about Zillow’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Zillow To Contact Him Directly To Discuss Their Options

If you purchased or acquired Class A or Class C Zillow common stock between February 11, 2025 and May 7, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - July 20, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Zillow Group, Inc. ("Zillow" or the "Company") (NASDAQ: ZG) (NASDAQ: Z) and reminds investors of the August 10, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Zillow's agreement with Redfin was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, Defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and or lacked a reasonable basis at all relevant times.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Zillow's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Zillow class action, go to www.faruqilaw.com/Z or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Frequently Asked Questions (FAQ) for Investors Regarding the Zillow Securities Class Action Lawsuit:

What is the Zillow securities fraud lawsuit about?

The lawsuit alleges Zillow misrepresented its agreement with Redfin as a partnership, understated antitrust and regulatory risks, and downplayed potential legal exposure, making statements about its business and prospects allegedly misleading.

Who may be eligible to participate in the lawsuit?

Investors who purchased or acquired Zillow Class A or Class C common stock (NASDAQ: Z) (NASDAQ: ZG) between February 11, 2025 and May 7, 2026 may be eligible to participate if they suffered losses related to the alleged misconduct.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff represents the interests of the proposed class and helps oversee the litigation. Investors seeking appointment must file a motion with the court by August 10, 2026. Investors can share in any recovery without serving as lead plaintiff.

What should investors do if they purchased Zillow stock during the Class Period?

Investors should review their transaction records, preserve relevant documents, and evaluate their legal options. Those who suffered losses may wish to consult counsel regarding participation in the lawsuit or seeking lead plaintiff status before the deadline.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Zillow securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305841

Source: Faruqi & Faruqi LLP

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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Regeneron To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Regeneron between August 1, 2025 and May 15, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - July 20, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Regeneron Pharmaceuticals, Inc. (""Regeneron" or the "Company") (NASDAQ: REGN) and reminds investors of the September 14, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose the true state of Regeneron's Phase III Fianlimab-Libtayo Study; notably, that its preliminary statistical assumptions were fundamentally flawed, that the active treatment arm was failing to achieve meaningful clinical differentiation over standard therapies, and that the trial would ultimately fail to reach statistical significance on its primary endpoint even without overperformance of the control arm.

On April 29, 2026, Defendants disclosed that the Phase III Fianlimab-Libtayo Study had been altered, expanding the number of patients in the study eligible for "analysis of progression-free survival." On this news, Regeneron's stock price fell $45.41, or approximately 6.2%, to close at $686.36 per share on April 29, 2026.

On May 15, 2026, Regeneron issued a press release announcing that the "Phase 3 Trial of Fianlimab . . . did not reach statistical significance for the primary endpoint of improvement in progression-free survival (PFS)." On this news, Regeneron's stock price fell $68.57, or approximately 9.8%, to close at $629.68 per share on May 18, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Regeneron's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Regeneron class action, go to www.faruqilaw.com/REGN or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Frequently Asked Questions (FAQ) for Investors Regarding the Regeneron Securities Class Action Lawsuit:

What is the Regeneron securities fraud lawsuit about?

Faruqi & Faruqi, LLP has filed a securities class action lawsuit against Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) on behalf of investors who purchased Regeneron securities during the Class Period. The lawsuit alleges that Regeneron and certain of its officers made materially false and misleading statements regarding the Phase III Fianlimab-Libtayo clinical study. Specifically, the complaint alleges that defendants concealed that the study's preliminary statistical assumptions were fundamentally flawed, that the active treatment arm was allegedly failing to achieve meaningful clinical differentiation over standard therapies, and that the trial would ultimately fail to reach statistical significance on its primary endpoint. The alleged fraud is said to have come to light through two disclosures: first, on April 29, 2026, when defendants announced an expansion of patients eligible for analysis of progression-free survival — causing Regeneron's stock to fall approximately 6.2% — and then on May 15, 2026, when Regeneron announced that the Phase III trial did not reach statistical significance for its primary endpoint, causing the stock to fall an additional approximately 9.8%.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) securities on the NASDAQ between August 1, 2025 and May 15, 2026, inclusive (the "Class Period"), may be eligible to participate in this lawsuit. Eligibility to participate is not limited to those who seek appointment as lead plaintiff; any investor who purchased Regeneron securities during the Class Period and suffered a loss may potentially share in any recovery obtained on behalf of the class. Investors are encouraged to review their trading records to determine whether their purchases fall within the Class Period. Participation in the litigation does not require investors to take any active litigation role beyond filing a timely claim if a recovery is ultimately achieved.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a court-appointed representative who acts on behalf of all class members in directing the litigation, including working with counsel to make key strategic decisions regarding the case. Any investor who purchased Regeneron securities during the Class Period and suffered losses may move the court for appointment as lead plaintiff, but must do so no later than September 14, 2026, which is the court-established deadline for such motions. Courts generally appoint the movant with the largest financial interest in the relief sought who also satisfies the adequacy requirements of the applicable securities laws. Importantly, investors are not required to seek appointment as lead plaintiff in order to participate in or potentially share in any recovery that may result from this litigation. Those who do not seek lead plaintiff status may still submit a claim and may be eligible to receive a portion of any settlement or judgment obtained on behalf of the class.

What should investors do if they purchased Regeneron stock during the Class Period?

Investors who purchased Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) securities between August 1, 2025 and May 15, 2026 are encouraged to promptly review their brokerage and trading records to confirm the timing and size of their purchases and any resulting losses. Investors should take steps to preserve all relevant documentation, including trade confirmations, account statements, and any communications relating to their Regeneron holdings, as such records may be material to any future claim. Given that the lead plaintiff motion deadline is September 14, 2026, investors who wish to be considered for that role should act in advance of that date. Investors may wish to consult with Faruqi & Faruqi, LLP to better understand their legal rights and options before the deadline passes. Retaining counsel or seeking lead plaintiff status is not required to participate in any potential class recovery, but timely action is advisable to preserve all available options.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Regeneron securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305844

Source: Faruqi & Faruqi LLP

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Tesla, Alphabet, IBM, Texas Instruments, and Intel headline a pivotal earnings week as weakening technical signals suggest the tech rally may need time to consolidate.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Intuit To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Intuit between August 22, 2025 and May 20, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - July 20, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Intuit Inc. ("Intuit" or the "Company") (NASDAQ: INTU) and reminds investors of the September 8, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) they had overstated Intuit's competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (2) in reality, Intuit was losing significant business in its tax-related business, particularly in its Turbo Tax business, as a result of, inter alia, increasing competitive and pricing pressures; (3) accordingly, Intuit's previously issued FY 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

On May 20, 2026, Intuit released its fiscal Q3 2026 financial results, which included its 2026 tax season revenue. Intuit stated that it "did not have the overall tax season we expected" and that it "faced pressure among the most price-sensitive DIY filers." Intuit said that "[w]e [lost] on price," and revealed that the Company needed to evolve its business model by delivering the right lineup and price points to meet simple filers' needs at the low end. Intuit also announced that TurboTax online paying units were expected to grow by only 2% as total IRS filers were expected to decline by approximately 30 basis points, representing the "most significant industry-wide contraction since the post-COVID tax season."

On this news, Intuit's stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Intuit's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Intuit class action, go to www.faruqilaw.com/INTU or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Frequently Asked Questions (FAQ) for Investors Regarding the Intuit Securities Class Action Lawsuit:

What is the Intuit securities fraud lawsuit about?

The lawsuit alleges Intuit misled investors by overstating TurboTax growth, competitive strength, and FY2026 guidance while failing to disclose increasing pricing and competitive pressures.

Who may be eligible to participate in the lawsuit?

Investors who purchased Intuit (NASDAQ: INTU) securities between August 22, 2025 and May 20, 2026 may be eligible if they suffered losses.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff represents the proposed class. Eligible investors must file a motion with the court by September 8, 2026. Participation does not require serving as lead plaintiff.

What should investors do if they purchased Intuit stock during the Class Period?

Investors should review their transactions and consider consulting counsel regarding their legal rights, participation in the lawsuit, or seeking lead plaintiff status.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi has represented investors since 1995 and recovered hundreds of millions of dollars. The firm offers free evaluations of potential securities fraud claims.

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Intuit securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305811

Source: Faruqi & Faruqi LLP

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The Investment Committee debate the latest Calls of the Day.

APPLETON, Wis.--(BUSINESS WIRE)--Miller Electric Mfg. LLC, a leading worldwide manufacturer of Miller® brand arc welding equipment, announces the launch of the new Deltaweld 600 and Auto Deltaweld 600, extending the proven Deltaweld platform to 600 amps. Built for operations that need more power when the job calls for it, Deltaweld 600 and Auto Deltaweld 600 enable an operation to weld with higher amperage for longer periods while continuing to use a system they already know. “The Deltaweld fam.