Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) is expected to deliver second quarter results above Wall Street expectations when it reports earnings on July 29, according to Bank of America analysts, who believe that healthy advertising demand and AI-driven improvements should support revenue and earnings despite foreign exchange headwinds.
Bank of America revised its estimates and now expects Meta to report Q2 revenue of $60.6 billion and earnings per share of $7.50, above the consensus estimates of $60.2 billion and $7.18, respectively. The firm wrote that stronger advertising trends were partially offset by the recent depreciation of the US dollar.
The analysts wrote that their channel checks indicate healthy ad growth during the quarter and expect upside to earnings following Meta's workforce reductions in May. They also estimate that investors will focus on AI-related initiatives during the earnings call, including content retrieval and advertising improvements from AI model integration, opportunities for Muse Spark, and the potential for external compute sales.
Looking ahead, Bank of America expects Meta to guide Q3 revenue to between $60.5 billion and $63.5 billion, representing growth of roughly 18% to 24% year over year. The firm estimates Q3 revenue of $63.5 billion and earnings per share of $7.22, compared with consensus expectations of $63 billion and $7.03.
On spending, the analysts estimate Meta could lower the upper end of its expense guidance by $1 billion to $2 billion following recent layoffs. However, they also see the potential for the company to raise its capital expenditure outlook to between $135 billion and $150 billion from the current range of $125 billion to $145 billion, citing higher memory costs.
Bank of America also raised its longer-term forecasts, adding $5 billion in estimated 2027 revenue to reflect potential AI capacity benefits following reports of a possible compute agreement with Anthropic. The firm now estimates 2027 revenue of $316 billion and earnings per share of $35.00, while also increasing its 2028 revenue forecast.
The bank reiterated its ‘Buy’ rating and maintained its $835 price objective, above current levels of about $650.
It wrote that Meta's valuation does not fully reflect the potential benefits of expanding AI capacity and identified growing visibility into new revenue streams, advertising gains from large language model integration, continued AI model improvements and chip advances as potential drivers of future sentiment.
It also highlighted risks including the possibility of higher 2027 capital spending, capital raises and an upcoming social media addiction trial expected to begin in August.
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.
Embedded finance and the impact of FinTech pacts are showing up on bank balance sheets.
There are different paths toward getting here. The latest earnings results from companies including Fifth Third, The Bancorp and Pathward illustrate a range of models for turning relationships with FinTechs and platforms into deposits and fee income.
Fifth Third, which shared second-quarter earnings results Friday (July 17), indicated the continued scaling of an embedded finance platform inside a diversified bank. The Bancorp has built a banking model in which FinTech partnerships supply most of its deposits. Pathward combines partner-generated deposits on its own balance sheet with a custodial model that generates servicing fees on customer deposits held at other banks.
The common thread is that the economics of embedded finance increasingly extend beyond selling access to banking infrastructure.
That comes as demand for infrastructure continues to grow. The PYMNTS Intelligence report “The Embedded Finance Scale Factor: How Firm Size Shapes Strategy, Technology and Partnership Decisions” found that 79% of middle-market companies and 80% of companies with less than $250 million in annual revenue plan to upgrade their embedded-finance capabilities within 12 months. The figure fell to 63% among companies with more than $1 billion in revenue, many of which already have more developed capabilities.
For banks, the expansion creates opportunities to capture the money and transactions flowing through the financial products that businesses embed.
Fifth Third trained a spotlight on building its own embedded finance distribution channel. The bank said in Q2 that Newline deposits, tied to its embedded finance platform, increased $2.1 billion in the second quarter and Newline fee revenue rose 35% year over year. Newline connects FinTechs and enterprises to Fifth Third’s banking and payments infrastructure, giving the bank a way to generate deposits and fees through customers acquired outside its conventional branch network.
The Bancorp’s model is built heavily around the FinTech ecosystem itself. In its first-quarter earnings results, and in a nod to the FinTech Solutions segment, which includes embedded finance but is not limited to it, the company said FinTech partnerships generated 93% of its total deposits. Average deposits reached $8.32 billion, up $721.1 million, or 9%, sequentially, with the increase driven primarily by continued growth in deposits sourced from FinTech relationships.
Payments are another part of the economics. The Bancorp reported $52.51 billion in gross dollar volume on prepaid, debit and credit cards, an 18% year-over-year increase, while prepaid, debit card, ACH and other payment fees rose 5% to $32.5 million.
Embedded Finance Delivery Models Diverge With Scale Pathward adds a third variation.
The company operates a partner-banking model in which deposits associated with Partner Solutions relationships can sit on Pathward’s balance sheet, while it also acts as custodian for customer deposits placed at other banks.
As of the end of its most recent quarter, in March, Pathward managed $1.07 billion of customer deposits at other banks in its capacity as custodian. Those balances generated $7.8 million in servicing fee income during its fiscal second quarter, up from $6.5 million a year earlier and $3.4 million in the preceding quarter. Pathward attributed the increase to higher average deposit balances held at partner banks.
The different approaches put the PYMNTS Intelligence findings into a broader context.
As companies grow, many move toward outside providers to handle embedded finance. Most companies with more than $1 billion in annual revenue rely on a single third party, compared with 26% of companies generating less than $250 million. Middle-market companies are split more evenly among building internally, working with one provider and using multiple providers.
The report also found that 32% of middle-market companies said an embedded finance partner must hold a bank charter, the highest rate among the revenue groups studied. A chartered provider can hold deposits, issue credit and move money directly, putting the regulated bank closer to the underlying economics of the embedded relationship.
As more companies upgrade embedded finance capabilities and turn to outside providers, banks have several ways to capture the economics underneath those products.
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.
The Wall Street analyst consensus target price for Delta Air Lines (DAL +0.44%) stock is $108, according to Visible Alpha. It's a target implying 25% upside from the current price of $86. I think this target, and more, is achievable, and the stock is attractive at these levels. Here's why.
Delta Air Lines and cyclicality Starting with valuations, management expects to generate $3 billion to $4 billion in free cash flow (FCF) in 2026. Taking the midpoint of that and applying a back-of-the-envelope valuation for a mature industrial stock at about a 20x multiple yields a market cap of $70 billion, equivalent to a share price of about $106.
Image source: Getty Images.
Of course, the key question here is whether Delta is a mature, stable industrial company poised to steadily grow cash flow, or a cyclical stock whose earnings/cash flow are likely to be highly volatile.
Why Delta's earnings are becoming less cyclical The answer is that airline stocks are never really immune to cyclical pressures. The economy turns down, and people stop flying. However, the reality is that airlines like Delta and United Airlines have made concerted efforts to diversify their income streams by growing premium cabin and ancillary revenues, loyalty programs, and highly successful co-branded credit card revenue.
These income streams and ongoing strength in end demand helped Delta partially absorb a whopping $1.9 billion year-over-year increase in adjusted fuel costs in the second quarter, so that adjusted operating income declined by only $501 million year over year. Nevertheless, Delta still generated $1.56 billion in adjusted operating income.
It's an excellent result in a very difficult cost environment, and given that oil costs have moderated from the $100-a-barrel levels they were at for much of Q2, it's reasonable to expect more favorable conditions going forward.
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Delta's valuation is attractive Moreover, Delta has already baked a $4 billion increase in fuel costs for 2026 into its guidance, and it still expects $3 billion to $4 billion in free cash flow.
This is proof positive that Delta is passing a key stress test of how it might perform in adverse conditions, which means it should be priced more like a mature industrial than a highly cyclical stock. If Delta achieves its earnings-per-share guidance of $6.50 to $7.50, that puts it at a forward price-to-earnings ratio of 11.5 to 13.2 times earnings. Whether you look at cash flow or earnings, these are attractive multiples for a stock that's much less cyclical than many investors think, and $100 looks within reach on that basis.
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.
, /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today announced the appointment of Tara Bunch, former Senior Vice President and Global Head of Operations at Airbnb, to its Board of Directors.
Bunch brings more than three decades of experience scaling global technology organizations, leading complex operations, strengthening customer experience, and advancing digital transformation across highly recognized consumer brands.
"Tara is a seasoned global executive with deep global experience in scaling technology-enabled service models, and delivering exceptional customer experiences," said Jason Liberty, Chairman and CEO, Royal Caribbean Group. "Her perspective will be highly valuable as we continue to grow our vacation ecosystem and deliver the best vacations responsibly for guests around the world."
Bunch most recently served as Senior Vice President and Global Head of Operations at Airbnb, where she oversaw Customer Service, Trust and Safety, Privacy, Payments, Insurance and Quality for hosts and guests in more than 220 countries and regions.
Prior to Airbnb, Bunch held senior leadership roles at Apple and Hewlett-Packard Company, where she led multiple areas, including global customer service, technical support, repair operations, product development, and technology-enabled services at scale. Earlier, during more than 25 years at Hewlett-Packard, she helped drive large-scale improvements in customer support delivery, customer satisfaction, and business performance.
Bunch also brings broad governance and risk oversight experience. She serves on the board of The Vanguard Group, Inc., one of the world's largest investment management companies, where she is a member of the Audit Committee.
Bunch holds an MBA from Santa Clara University and a Bachelor of Science in Mechanical Engineering from the University of California, Berkeley.
About Royal Caribbean Group
Royal Caribbean Group is a leading global vacation company spanning cruise, one-of-a-kind destinations, and land-based vacation experiences. The company operates 71 ships sailing to more than 1,000 destinations across all seven continents through its three wholly owned brands - Royal Caribbean, Celebrity Cruises, and Silversea - and a 50% joint venture interest in TUI Cruises, which operates the Mein Schiff and Hapag-Lloyd brands.
The Group is expanding its portfolio of private destinations through its Perfect Day and Royal Beach Club collections, and the company will enter river cruising in 2027 with Celebrity River Cruises. Powered by innovative brands, advanced technology, and an industry-leading loyalty program, the company has built a connected vacation ecosystem, turning the vacation of a lifetime into a lifetime of vacations.
Named to the Fortune World's Most Admired Companies 2026 list and to Forbes' 2026 Best American Companies lists, Royal Caribbean Group is guided by its mission to deliver the best vacations responsibly. For more information, visit royalcaribbeangroup.com.
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.
Astera Labs: Steady Upward Revenue TrendAstera Labs (ALAB +1.77%) primarily generates revenue by developing and marketing connectivity products for cloud computing infrastructure.
It recently expanded its operations in Taiwan, and for the quarter ended March 31, 2026, it generated 26% net income margin.
Intel: Managing Fluctuating RevenueIntel (INTC +2.20%) earns its revenue by designing and manufacturing computing processors, graphics units, and semiconductor components.
While implementing a workforce reduction impacting manufacturing roles in July, it reported 39% gross margin for the quarter ended March 28, 2026.
Why Revenue Matters for Retail InvestorsRevenue shows investors the total amount of money a business brings in from its core operations before any expenses are deducted. Tracking this figure helps investors understand the total scale and top-line growth trajectory of a business.
Quarterly Revenue for Astera Labs and IntelQuarter (Period End)Astera Labs RevenueIntel RevenueQ2 2024$76.8 million (period ended June 2024)$12.8 billion (period ended June 2024)Q3 2024$113.1 million (period ended Sept. 2024)$13.3 billion (period ended Sept. 2024)Q4 2024$141.1 million (period ended Dec. 2024)$14.3 billion (period ended Dec. 2024)Q1 2025$159.4 million (period ended March 2025)$12.7 billion (period ended March 2025)Q2 2025$191.9 million (period ended June 2025)$12.9 billion (period ended June 2025)Q3 2025$230.6 million (period ended Sept. 2025)$13.7 billion (period ended Sept. 2025)Q4 2025$270.6 million (period ended Dec. 2025)$13.7 billion (period ended Dec. 2025)Q1 2026$308.4 million (period ended March 2026)$13.6 billion (period ended March 2026)Data source: Company filings. Data as of July 17, 2026.
Foolish TakeWhile Intel’s revenue towers over Astera Labs, the trend for the latter shows accelerating quarter-over-quarter sales growth, an impressive feat. Meanwhile, Intel has struggled to achieve year-over-year increases.
This disparity demonstrates the strong demand Astera Labs is seeing for its connectivity solutions, which deliver superior data transfer speeds for artificial intelligence systems. As the AI industry continues to expand over the coming years, Astera Labs’ rising revenue trend should continue. In fact, the company expects its second-quarter sales to again come in higher than the previous quarter, forecasting a range between $355 million to $365 million.
Intel is undergoing a transition period under new CEO Lip-Bu Tan, who took over the top spot in 2025 after the company suffered a series of struggles under previous leadership. The veteran semiconductor giant was at risk of missing out on the AI market until Tan made changes that appear to be putting Intel back on track.
This is demonstrated by the 7% year-over-year increase in revenue for its fiscal first quarter ended March 28. For fiscal Q2, Intel forecasted revenue between $13.8 billion and $14.8 billion, which not only represents a year-over-year jump but also quarterly sequential growth. At last, the company may be headed towards a consistent sales upswing thanks to AI.
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.
Chevron is shutting-in production at its Petronius facility in the U.S. Gulf of Mexico, and all associated personnel are being moved onshore in preparation for Tropical Depression Two, the company said in a statement on Monday.
Listen to the audio version of this article (generated by AI).
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)
Salesforce (CRM +1.80%) has spent the past two years getting repriced from software darling to something the market treats like a value stock. The damage comes to almost 40%: shares sit near $171 as of this writing, versus a 52-week high of $274.
The software giant now fetches about 12 times the midpoint of management's earnings guidance for this fiscal year.
My prediction is that the stock reclaims $250 by the end of 2028. That's not a bet on artificial intelligence (AI) hype returning. It's arithmetic built on growth the company is already delivering, plus a valuation that merely has to become somewhat less pessimistic.
Let's walk through it.
Image source: Getty Images.
The earnings side of the equation The foundation is management's own outlook. For fiscal 2027 (the year ending Jan. 31, 2027), Salesforce guided for revenue of $45.9 billion to $46.2 billion, up 11% year over year, and non-GAAP (adjusted) earnings per share of $14.06 to $14.12.
The most recent results support that trajectory. In the first quarter of fiscal 2027 (the period ended April 30, 2026), revenue rose 13% year over year to $11.1 billion, helped by the company's acquisition of Informatica. Adjusted earnings per share jumped 50% to $3.88, and fiscal first-quarter free cash flow rose 4% year over year to $6.6 billion. Current remaining performance obligations, a window into contracted future revenue, climbed 14% year over year to $33.6 billion.
The fast-growing part of the story is AI. Salesforce said its Agentforce and Data 360 products reached nearly $3.4 billion in annual recurring revenue in the first quarter, up more than 200% year over year.
Of course, that's still a small piece of a $46 billion revenue base. But it's the piece growing fastest, and it undercuts the idea that AI is only a threat to this business.
Then there's the share count. Salesforce entered into a $25 billion accelerated share repurchase program this year, with the initial delivery retiring about 11% of shares outstanding. All told, the company returned $27.5 billion to shareholders in the fiscal first quarter, including dividends. Fewer shares means each remaining share captures more of the company's earnings, a tailwind that makes per-share growth easier to sustain.
Put it together, and the earnings math looks manageable. The math starts from the $14.09 midpoint of this fiscal year's guidance and assumes just 10% annualized growth over the following two years -- less than the 11% revenue growth the company is guiding for now, and modest for a business shrinking its share count this aggressively. That produces about $17 in earnings per share in fiscal 2029, the fiscal year that covers most of calendar 2028.
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The valuation is the swing factor Now the second variable. At today's multiple of about 12 times forward earnings, $17 of earnings power implies a stock price near $204 by late 2028. That's a fine return from $171, but it isn't $250.
Reaching $250 requires the multiple to recover to about 15. That is not a heroic assumption. Before the 2026 software sell-off, Salesforce traded at a forward multiple about twice today's. A move from 12 times to 15 times earnings doesn't require investors to fall back in love with software. It only requires them to stop treating Salesforce like a value stock in permanent decline -- while it grows revenue at a double-digit rate.
So the math is simply $17 in earnings per share times a multiple of 15, which lands near $255. From $171, that works out to a mid- to high-teens annualized return over roughly two and a half years.
What could break the prediction? Two things, mainly. If revenue growth decays below the high single digits, the earnings side falls short. And if AI agents actually start displacing enterprise software subscriptions, the multiple could stay stuck at 12 -- or sink lower. Investors should take both risks seriously, and the next year of Agentforce's ramp will say a lot about each.
But notice what the prediction doesn't need. It doesn't need a new bull market in software, an acceleration in growth, or multiple expansion back to old highs. It needs a company already guiding for 11% growth to keep executing, and a market willing to pay an average multiple for it.
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Stock Market Week Ahead: Navigating Uncertainty
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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…
After three straight days of selling, Micron (MU +1.93%) stock rebounded on Monday, rising 4.3% through 2:05 p.m. ET.
You can thank Morgan Stanley for that... and UBS, too.
Image source: Micron.
Memory stocks are still in fashion Let's start with the news from Morgan Stanley, where analyst Joseph Moore sees last week's Micron sell-off as a buying opportunity.
As StreetInsider.com reports, Moore admits that "data center strength is the only cause" for this year's incredible demand for memory chips. That sounds like bad news -- this stool has only one leg to stand on -- but Moore's not worried. Shortages of memory chips continue to worsen, says the analyst, and Q3 memory prices will rise 25% from Q2.
Today's Change
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%) $
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865.33
Micron could grow by shrinking Higher prices for the memory chips Micron sells mean more profit for Micron. More importantly, they mean more cash for Micron -- and that's the crux of the report UBS just filed.
Micron will generate "a prodigious amount" of free cash flow over the next few years, predicts UBS analyst Timothy Arcuri -- as much as $400 billion in cash profit between now and 2028 -- and he thinks the company may use some or all of this cash to buy back its own stock. If he's right about that, Micron could conceivably buy back as much as 40% of outstanding shares when all's said and done, cutting its share count nearly in half, and concentrating profits among the shares that remain.
What would this mean for profits? Well, net profit wouldn't change in this scenario, but profit per share could explode higher, nearly doubling on top of whatever growth in profit the company would already make from selling more chips, and selling them at higher prices.
Count this as one more great reason to buy Micron stock.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy.
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.
Key Takeaways NVIDIA posted a 63% trailing 12-month net profit margin, highlighting strong profitability. Micron reported a 55.9% trailing 12-month net profit margin, reflecting solid bottom-line strength. NVIDIA and Micron passed profitability screens with strong net income ratios and industry-leading growth. Investors mostly favor companies that generate strong returns after covering both operating and non-operating expenses. As a result, businesses that consistently report profits tend to be more appealing than those that incur losses. To assess a company’s profitability, investors rely on accounting ratios that highlight the most common measures of a company’s bottom-line performance.
On that note, NVIDIA Corporation (NVDA - Free Report) and Micron Technology, Inc. (MU - Free Report) stand out as leading profitable artificial intelligence (AI) stocks, supported by strong net income ratios and promising growth prospects.
Understanding the Net Income Ratio The net income ratio indicates a company’s profitability. It reflects the percentage of net income relative to total sales revenues. Using the net income ratio, one can determine a firm’s ability to cover operating and non-operating expenses with revenues. A higher net income ratio usually implies a company’s ability to generate sufficient revenues and manage all business functions effectively.
Stock Screening Parameters Using Research Wizard The net income ratio is not the only indicator of future winners. So, we have added a few more criteria to arrive at a winning strategy.
Zacks Rank less than or equal to #2: Whether the market is good or bad, stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have a proven history of outperformance. You can see the complete list of today’s Zacks #1 Rank stocks here.
Trailing 12-Month Sales and Net Income Growth Higher than X Industry: Stocks that have witnessed higher-than-industry sales and net income growth in the past 12 months are positioned to perform well.
Trailing 12-Month Net Income Ratio Higher than X Industry: A high net income ratio indicates a company’s solid profitability.
Percentage Rating Strong Buy greater than 70: This indicates that 70% of the current broker recommendations for the stock are Strong Buy.
These few parameters have narrowed the universe of more than 7,685 stocks to only 32.
Here are two of the 32 stocks that qualified for the screening:
NVIDIA NVIDIA is a global computing infrastructure company offering graphics, compute, and networking solutions. The 12-month net profit margin of NVDA is 63%. NVIDIA has a Zacks Rank #2, and its expected earnings growth rate for the current year is 90.6% (read more: Everyone’s Buying NVIDIA, but 2 Smaller AI Stocks Could Soar Higher).
Micron Technology Micron Technology is a provider of memory and storage products globally. The 12-month net profit margin of MU is 55.9%. Micron has a Zacks Rank #1, and its expected earnings growth rate for the current year is 790.8% (read more: Micron vs. TSMC: Which AI Semiconductor Stock Is a Better Buy Now?).
AMC has been around for more than 100 years. On Monday, the company reported its highest quarterly revenue in company history.
This could prove to be a testament to the company’s resilience in the post-COVID world and also a result of a strong slate of movies in the second quarter and strong food and beverage revenue.
In an interview on CNBC, Aron said the company reported "record everything just about," with the keys being record revenue and EBITDA.
Taking a victory lap for the results, Aron said that there has been a lot of experimentation since the COVID-19 pandemic, but Hollywood has learned one thing.
"People love to go to movie theaters," Aron said.
Aron said movie studios continue to turn out movies designed for the big screen, which included six different films that opened to $75 million or more domestically in the second quarter.
Discussing the battle of at-home viewing, streaming and movie theaters, Aron declared victory.
"I think we’ve won that fight."
"The Odyssey" Kickstarts Q3 ResultsAfter a record second quarter, expectations could be high for AMC for the third and fourth quarters.
Aron is confident in the company’s lineup of films, which includes the recent opening of "The Odyssey" and the upcoming Spider-Man, Avengers and Dune films.
"The Odyssey" opened with $124 million domestically this past weekend. AMC announced Monday that it had 4.3 million guests in movie theaters globally during the weekend.
Aron said a third of the guests were seeing movies other than "The Odyssey."
AMC has been a popular stock in the past, but often times hurt by its own dilution. A strong second quarter could set the company up for a strong 2026 with the pipeline of blockbuster films looking strong.
AMC Stock Price ActionAMC stock was up 26.8% to $2.46 on Monday versus a 52-week trading range of $0.93 to $3.60. AMC stock is up 50.3% year-to-date in 2026.
Photo Courtesy: rblfmr on Shutterstock.com
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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
New York, New York and New Orleans, Louisiana--(Newsfile Corp. - July 20, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until August 10, 2026 to file lead plaintiff applications in a securities class action lawsuit against Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) ("Zillow" or the "Company"), if they purchased or otherwise acquired Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Western District of Washington.
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What You May Do
If you purchased shares of Zillow as described above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-zg-z/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 10, 2026.
CLICK HERE for more information
About the Lawsuit
Zillow and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) Zillow's agreement with Redfin was not a "partnership," but rather an acquisition of Redfin's business; (ii) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (iii) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (iv) 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.
The case is Breidert v. Zillow Group, Inc., et al., 26-cv-02016.
To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors, in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.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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NEW YORK, July 20, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the common stock of Regeneron Pharmaceuticals, Inc. (“Regeneron” or the “Company”) (NASDAQ: REGN) between August 1, 2025 and May 15, 2026, inclusive.
What To Do Next:
Investors are encouraged to act promptly and submit a form at Regeneron Pharmaceuticals, Inc. Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].
If you wish to serve as lead plaintiff for the Class, you must file papers by September 14, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About The Lawsuit:
The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, Regeneron common stock traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.
About Bernstein Liebhard:
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
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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SummaryTaiwan Semiconductor Manufacturing Company delivered a clean Q2 beat, surpassing revenue and margin guidance, and raised its full-year outlook.The market had the June number three days early and sold anyway. That told me this move was never about demand.A record capex guide, softer margin outlook, and a valuation near historical highs are pressuring the stock. The tech rout is also a factor.I’m monitoring Q3 margin execution, second-half capex and cash flow, and technical support near $390 before reconsidering my hold rating. BING-JHEN HONG/iStock Editorial via Getty Images
I generally like it when a company clears its own guidance and the Street's estimates in the same quarter, and last quarter Taiwan Semiconductor Manufacturing Company (TSM) did both.
Revenue came in at
14.08K Followers
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.
I am not a registered investment adviser, broker, dealer, or tax professional. This article, including any comments or replies I post, reflects my personal opinions only and is provided for informational and educational purposes. Nothing I write is investment, legal, tax, or financial advice, or a personalized recommendation to buy, sell, hold, or short any security. My views may change without notice. Nothing I write is tailored to any reader’s objectives, financial situation, risk tolerance, or portfolio. Investing involves risk, including possible loss of principal. Readers should conduct their own research and consult a qualified professional before making investment decisions.
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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.
The market has spent 2026 betting that generative artificial intelligence (AI) will hollow out enterprise software, and few large companies wear that bet more visibly than ServiceNow (NOW +1.60%). Shares trade near $103 as of this writing, down about 51% from their 52-week high of $210.20.
The sell-off has come even as the company's reported growth has barely wobbled.
That sets up an unusually clean experiment. On Wednesday, July 22, after the market closes, ServiceNow reports second-quarter results. If the AI-disruption thesis is right, the damage should be starting to show up in the numbers by now. If it's wrong, the stock is trading at a steep discount for no good reason.
Here's what to watch.
Image source: The Motley Fool.
The bear case meets the reported numbers The fear weight on the stock is easy to peg: AI agents could let companies automate workflows themselves, eroding demand for the subscription software ServiceNow sells. The same worry has dragged down software stocks broadly this year. Salesforce, for instance, trades almost 40% below its own 52-week high.
So far, though, ServiceNow's results read like a rebuttal. First-quarter subscription revenue rose 22% year over year to $3.67 billion, or 19% on a constant-currency basis, beating the high end of management's guidance. That was an acceleration from 21% growth in the fourth quarter of 2025. Current remaining performance obligations (cRPO), which represent contract revenue the company expects to recognize over the next 12 months, climbed 22.5% year over year to $12.64 billion. And the company closed 16 deals over $5 million in net new annual contract value during the quarter, up nearly 80% from a year earlier.
Notably, AI looks more like the thing ServiceNow is selling than the thing killing it. The company said its customers with more than $1 million in annual contract value for Now Assist, its generative AI offering, grew more than 130% year over year in Q1.
Also worth noting: Total remaining performance obligations, which capture all of ServiceNow's contracted revenue including amounts beyond the next 12 months, rose 25% year over year to $27.7 billion, growing faster than the current portion.
Cash generation is holding up as well. First-quarter free cash flow was about $1.7 billion, translating to a 44% free cash flow margin.
If there's a soft spot, it's subtle. That 22.5% cRPO growth was modestly slower than the 25% pace ServiceNow posted in the fourth quarter of 2025, though currency explains much of the step-down (growth held at 21% in constant currency in both periods). Still, contracted revenue is where real demand erosion would show up first -- well before it reaches reported revenue -- which makes it the line bears are watching.
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The numbers to watch on Wednesday Management's own targets make the scorecard simple. Guidance calls for second-quarter subscription revenue of $3.815 billion to $3.82 billion, or about 22.5% year-over-year growth. For the full year, the company expects subscription revenue of $15.735 billion to $15.775 billion, up 22% to 22.5%.
Three numbers will tell the story. Subscription revenue against that guidance range. The cRPO growth rate, and specifically its ability to hold above 20%. And the full-year outlook, which management has raised once already this year.
The stakes come down to valuation. ServiceNow trades at about 24 times consensus earnings-per-share estimates for the next 12 months and about 7.5 times trailing sales.
For a company growing revenue north of 20% with a 44% free cash flow margin, that is arguably a price built on fear. Software businesses with this profile commanded far richer multiples before AI anxiety took over -- ServiceNow itself did.
Of course, the discount only looks irrational if the growth holds. A meaningful cRPO slowdown or a trimmed outlook on Wednesday would hand the bears their first real piece of evidence, and the growth stock could get hit hard from an already low base.
I believe the fear is running well ahead of the facts. Customers aren't behaving like a disruption is underway. They're signing bigger, longer contracts that include the company's AI products.
But nobody has to guess here. Wednesday's report will either show the forward metrics holding -- or it won't.
If I owned the stock, I'd hold it through the report. For anyone considering buying, however, be cautious. It's impossible to know what happens in the short-term.
If subscription growth and cRPO hold up and the outlook rises again, the AI-disruption discount will start to look less like foresight and more like fear. And a 51% markdown on a 20% grower likely won't stay unnoticed for long.
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
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
With gains of just 7% so far this year, Broadcom (AVGO +1.90%) stock has been underperforming the broader semiconductor sector in 2026. The PHLX Semiconductor Sector, for comparison, has jumped 58% this year.
The stock's expensive valuation explains Broadcom's underperformance. After all, it is trading at 62 times trailing earnings. Of course, Broadcom delivered an impressive 54% year-over-year increase in its earnings per share in the second quarter of fiscal 2026 (which ended May 3). However, there are companies with much faster earnings growth trading at lower multiples.
So, Broadcom needs to deliver significant acceleration in earnings growth to give its stock a shot in the arm. The good news for investors is that the next big catalyst for Broadcom stock could arrive soon, courtesy of Meta Platforms (META 0.06%).
Image source: The Motley Fool.
Meta Platforms is poised to go big on in-house artificial intelligence (AI) chips According to a Reuters report, Meta Platforms will reportedly start manufacturing an in-house AI chip, codenamed Iris, from September this year. An internal memo viewed by Reuters states that Meta aims to boost its AI data center capacity to 14 gigawatts (GW) by next year, with its Iris chips playing a central role in that expansion.
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What's more, Iris is reportedly set to be the first generation of the tech giant's in-house Meta Training and Inference Accelerators (MTIA), which the company relies on to power AI functions on Facebook and Instagram. Reuters adds that the testing of the chip has been completed successfully. This is great news for Broadcom, which is partnering with Meta on the MTIA program.
In April, Broadcom announced a "multi-year, multi-generation strategic partnership" with Meta to help the Magnificent Seven company design custom silicon to power its AI data centers. Broadcom was poised to deploy 1 gigawatt (GW) of computing capacity in the first phase of the partnership. However, it now appears that Broadcom could end up rolling out significantly more AI computing capacity with Meta.
It is worth noting that Meta Platforms has increased its 2026 capital expenditure guidance to a range of $125 billion to $145 billion from the prior range of $115 billion to $135 billion. Broadcom could benefit from this aggressive capital spending to support the rollout of Meta's AI data centers.
Broadcom can post stronger-than-expected growth in the second half When Broadcom released its fiscal Q2 results last month, it reported a 48% year-over-year increase in revenue to $22.2 billion. The company's fiscal Q3 revenue guidance of $29.4 billion points to a significantly stronger year-over-year increase of 84%. Even better, consensus estimates project a 94% year-over-year revenue jump in fiscal Q4.
However, don't be surprised to see Broadcom clocking bigger gains as key customers like Meta accelerate their AI infrastructure rollout. Moreover, Broadcom trades at just 20 times forward earnings, and its bottom-line growth is poised to remain solid in the future following an estimated jump of 70% this fiscal year to $11.62 per share.
Data by YCharts
Assuming Broadcom trades at even 30 times earnings at the end of fiscal 2028 and its earnings per share increase to $25.85, as shown in the chart above, its stock price will jump to $775. That's a potential jump of 107% from current levels, which is why investors should consider buying this AI stock before it steps on the gas in the second half of 2026.
July 20, 2026 16:05 ET | Source: Scotts Miracle-Gro Company (The)
MARYSVILLE, Ohio, July 20, 2026 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, will release its third quarter financial results on Wednesday, July 29, 2026, prior to the opening of the U.S. financial markets. The Company will host a video presentation via webcast at 8:15 a.m. ET to discuss those results. The webcast will be followed by an audio question-and-answer session.
To watch the Company presentation and listen to the question-and-answer session, please register in advance at this webcast link. For those planning to participate in the question-and-answer session that follows the video presentation, please register for the webcast to view the presentation in addition to registering in advance via this audio link to receive call-in details and a unique PIN. The replay of the conference call will also be available on the Company’s investor website, where an archive of the press release and any accompanying information will remain available for at least a 12-month period.
About ScottsMiracle-Gro
With approximately $3.3 billion in sales, the Company is the leading marketer of branded consumer lawn and garden products in North America. The Company’s brands are among the most recognized in the industry. The Company’s Scotts®, Miracle-Gro®, Ortho® and Tomcat® brands are market-leading in their categories. For additional information, visit us at www.scottsmiraclegro.com.
For investor inquiries:
Brad Chelton
Vice President
Treasury, Tax and Investor Relations [email protected]
(937) 309-2503
For media inquiries:
Tom Matthews
Chief Communications Officer [email protected]
(937) 844-3864
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.
Strategy stock is charging ahead with explosive momentum. Why is MSTR stock up today? Strategy Builds Cash Reserves Without Moving on BitcoinThe dollar reserve climbed to $3.23 billion as of July 19, up from $3.0 billion the prior week, a cushion the company earmarks exclusively for servicing preferred stock dividends and debt obligations. The decision to convert equity into cash without routing the proceeds back into Bitcoin may be read by some investors as evidence that management is gravitating toward a more conservative financial footing after months of pressure on its balance sheet.
Bitcoin Strength and ETF Inflows Add Fresh Momentum to Crypto‑Linked StocksA rising Bitcoin price is adding momentum to the move. The token has reclaimed its 200-week moving average and pushed briefly above $65,000, a level it had not seen in approximately two months.
U.S. spot Bitcoin ETFs contributed to the optimism by recording consecutive weeks of positive flows for the first time since May, gathering $197.4 million in one week and $75.7 million the next after hemorrhaging more than $8 billion across the prior eight weeks. The back-to-back inflows have been cited as evidence that sentiment may be turning.
MSTR Price Action: Strategy shares were up 2.93% at $97.63 at the time of publication on Monday. The stock is near its 52-week low of $81.81, according to Benzinga Pro.
Image: T. Schneider/Shutterstock
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, /PRNewswire/ -- AGNC Investment Corp. ("AGNC" or the "Company") (Nasdaq: AGNC) today announced financial results for the quarter ended June 30, 2026.
SECOND QUARTER 2026 FINANCIAL HIGHLIGHTS
$0.52 comprehensive income per common share, comprised of: $0.52 net income per common share $(0.01) other comprehensive loss ("OCI") per common share on investments marked-to-market through OCI $0.40 net spread and dollar roll income per common share1 Excludes less than $(0.01) per common share of estimated "catch-up" premium amortization cost due to change in projected constant prepayment rate ("CPR") estimates $8.58 tangible net book value per common share as of June 30, 2026 Increased $0.20 per common share, or 2.4%, from $8.38 per common share as of March 31, 2026 $0.36 dividends declared per common share for the second quarter 6.7% economic return on tangible common equity for the quarter Comprised of $0.36 dividends per common share and $0.20 increase in tangible net book value per common share OTHER SECOND QUARTER HIGHLIGHTS
$97.2 billion investment portfolio as of June 30, 2026, comprised of: $86.8 billion Agency mortgage-backed securities ("Agency MBS") $9.7 billion net forward purchases/(sales) of Agency MBS in the "to-be-announced" market ("TBA securities") $0.7 billion credit risk transfer ("CRT") and non-Agency securities and other mortgage credit investments 7.4x tangible net book value "at risk" leverage as of June 30, 2026 7.4x average tangible net book value "at risk" leverage for the quarter Unencumbered cash and Agency MBS totaled $7.5 billion as of June 30, 2026 Excludes unencumbered CRT and non-Agency securities Represents 62% of the Company's tangible equity as of June 30, 2026 8.6% average projected portfolio life CPR as of June 30, 2026 13.0% actual portfolio CPR for the quarter 2.00% annualized net interest spread for the quarter2 Issued 16.2 million shares of common equity through At-the-Market ("ATM") Offerings for net proceeds of $167 million ___________
Represents a non-GAAP measure. Please refer to the Reconciliation of GAAP Comprehensive Income (Loss) to Net Spread and Dollar Roll Income and Use of Non-GAAP Financial Information included in this release for additional information. Please refer to Net Interest Spread Components by Funding Source included in this release for additional information regarding the Company's annualized net interest spread. MANAGEMENT REMARKS
"The investment environment in the second quarter continued to be challenging, as escalating rhetoric and hostilities between the United States and Iran largely dictated financial market performance," said Peter Federico, the Company's President, Chief Executive Officer and Chief Investment Officer. "Elevated energy prices and supply chain disruptions were the dominant macroeconomic concerns, particularly in April and May when maritime traffic through the Strait of Hormuz was severely constrained. These concerns caused Treasury yields to increase, the yield curve to flatten, and the market's monetary policy expectations to pivot from rate cuts to rate hikes.
"Despite the volatile macroeconomic backdrop, AGNC delivered a strong economic return of 6.7% for the second quarter. Elevated mortgage rates caused a reduction in projected Agency MBS supply, while demand remained strong, creating a positive technical backdrop that supported Agency MBS performance and drove spreads to benchmark rates tighter. Although mortgage spreads have declined from recent peak levels, they remain elevated by historical standards. Agency MBS also offer compelling value relative to other fixed income alternatives, particularly corporate bonds, which are at or near historically tight spreads to U.S. Treasuries despite record issuance and rising credit concerns. Together, these favorable dynamics should be supportive of Agency MBS performance over the near to intermediate term and position AGNC to continue to deliver strong risk-adjusted returns for our stockholders."
"AGNC's 6.7% economic return on tangible common equity in the second quarter was comprised of $0.36 of dividends per common share and a $0.20 increase in tangible net book value per common share," said Bernice Bell, the Company's Executive Vice President and Chief Financial Officer. "Additionally, AGNC generated a 12.3% unannualized total stock return in the second quarter, with dividends reinvested, despite the significant volatility experienced by financial markets. AGNC's net spread and dollar roll income per common share was $0.40 for the second quarter, a modest decrease of $0.02 per common share from the prior quarter. Finally, AGNC concluded the second quarter with tangible 'at risk' leverage of 7.4x and a substantial liquidity position of $7.5 billion of unencumbered cash and Agency MBS, representing 62% of our tangible equity at quarter end."
TANGIBLE NET BOOK VALUE PER COMMON SHARE
As of June 30, 2026, the Company's tangible net book value per common share was $8.58 per share, an increase of 2.4% for the quarter compared to $8.38 per share as of March 31, 2026. The Company's tangible net book value per common share excludes $526 million, or $0.45 and $0.46 per share, of goodwill as of June 30 and March 31, 2026, respectively.
INVESTMENT PORTFOLIO
As of June 30, 2026, the Company's investment portfolio totaled $97.2 billion, comprised of:
$96.5 billion of Agency MBS and TBA securities, including: $92.1 billion of fixed-rate securities, comprised of: $82.1 billion 30-year MBS, $9.5 billion 30-year TBA securities, net, and $0.5 billion 15 and 20-year MBS and TBA securities; and $4.5 billion of collateralized mortgage obligations ("CMOs"), adjustable-rate and other Agency securities; and $0.7 billion of CRT and non-Agency securities and other mortgage credit investments. As of June 30, 2026, 30-year fixed-rate Agency MBS and TBA securities represented 94% of the Company's investment portfolio, unchanged from March 31, 2026.
As of June 30, 2026, the Company's fixed-rate Agency MBS and TBA securities' weighted average coupon was 5.04%, compared to 4.95% as of March 31, 2026, comprised of the following weighted average coupons:
5.05% for 30-year fixed-rate securities; 4.82% for 15-year fixed-rate securities; and 3.74% for 20-year fixed-rate securities. The Company accounts for TBA securities and other forward settling securities as derivative instruments and recognizes TBA dollar roll income in other gain (loss), net on the Company's financial statements. As of June 30, 2026, such positions had a fair value of $9.7 billion and a GAAP net carrying value of $52 million reported in derivative assets/(liabilities) on the Company's balance sheet, compared to $9.5 billion and $(194) million, respectively, as of March 31, 2026.
CONSTANT PREPAYMENT RATES
The Company's weighted average projected CPR for the remaining life of its Agency securities held as of June 30, 2026 decreased to 8.6% from 10.3% as of March 31, 2026. The Company's weighted average actual CPR for the second quarter was 13.0%, compared to 13.2% for the prior quarter.
The weighted average cost basis of the Company's investment portfolio was 100.7% of par value as of June 30, 2026. The Company's investment portfolio generated net premium amortization cost of $(47) million, or $(0.04) per common share, for the second quarter, which includes a "catch-up" premium amortization cost of $(5) million, or less than $(0.01) per common share, due to changes in the Company's CPR projections for certain securities acquired prior to the second quarter. This compares to net premium amortization cost for the prior quarter of $(52) million, or $(0.05) per common share, including a "catch-up" premium amortization benefit of $5 million, or less than $0.01 per common share.
ASSET YIELDS, COST OF FUNDS AND NET INTEREST RATE SPREAD
The Company's average asset yield on its investment portfolio, excluding the TBA position, was 4.87% for the second quarter, compared to 4.95% for the prior quarter. Excluding "catch-up" premium amortization, the Company's average asset yield was 4.89% for the second quarter, compared to 4.93% for the prior quarter. Including the TBA position and excluding "catch-up" premium amortization, the Company's average asset yield for the second quarter was 4.89%, compared to 4.98% for the prior quarter.
For the second quarter, the weighted average interest rate on the Company's repurchase agreements was 3.74%, compared to 3.79% for the prior quarter. For the second quarter, the Company's TBA position had an implied financing cost of 3.46%, compared to 3.45% for the prior quarter. Inclusive of interest rate swaps, the Company's combined weighted average cost of funds for the second quarter was 2.89%, compared to 2.92% for the prior quarter.
The Company's annualized net interest spread, including the TBA position and interest rate swaps and excluding "catch-up" premium amortization, for the second quarter was 2.00%, compared to 2.06% for the prior quarter.
NET SPREAD AND DOLLAR ROLL INCOME
The Company recognized net spread and dollar roll income (a non-GAAP financial measure) for the second quarter of $0.40 per common share, compared to $0.42 per common share for the prior quarter. Net spread and dollar roll income excludes less than $(0.01) and less than $0.01 per common share of estimated "catch-up" premium amortization (cost) / benefit for the second quarter and prior quarter, respectively.
The Company's cost of funds, net interest rate spread and net spread and dollar income excludes the impact of the Company's U.S. Treasury hedges, option-based hedges, and other supplemental interest rate hedges. For additional information regarding the Company's U.S. Treasury hedges, please refer to the schedule of Key Statistics included in this release.
A reconciliation of the Company's total comprehensive income (loss) to net spread and dollar roll income and additional information regarding the Company's use of non-GAAP measures are included later in this release.
LEVERAGE
As of June 30, 2026, $79.5 billion of repurchase agreements and $9.7 billion of net TBA dollar roll positions (at cost) were used to fund the Company's investment portfolio. The remainder, or approximately $10.3 billion, of the Company's repurchase agreements was used to fund short-term purchases of U.S. Treasury securities ("U.S. Treasury Repo") and is not included in the Company's leverage measurements. Inclusive of its net TBA position and net payable/(receivable) for unsettled investment securities, the Company's tangible net book value "at risk" leverage ratio was 7.4x as of June 30, 2026, unchanged from the prior quarter. The Company's average "at risk" leverage ratio for the second quarter was 7.4x tangible net book value, also unchanged from the prior quarter.
As of June 30, 2026, the Company's repurchase agreements used to fund its investment portfolio ("Investment Securities Repo") had a weighted average interest rate of 3.75%, compared to 3.77% as of March 31, 2026, and a weighted average remaining maturity of 13 days, compared to 20 days as of March 31, 2026. As of June 30, 2026, $42.4 billion, or 53%, of the Company's Investment Securities Repo was funded through the Company's captive broker-dealer subsidiary, Bethesda Securities, LLC.
HEDGING ACTIVITIES
As of June 30, 2026, interest rate swaps, U.S. Treasury positions, option-based hedges (swaptions), and other interest rate hedges equaled 73% of the Company's outstanding balance of Investment Securities Repo, net TBA position, and other debt (collectively, "funding liabilities"), compared to 75% as of March 31, 2026. Excluding option-based hedges, the Company's hedge portfolio covered 82% of its funding liabilities as of June 30, 2026, compared to 83% as of March 31, 2026.
As of June 30, 2026, the Company's pay fixed interest rate swap position totaled $73.8 billion in notional amount, with an average fixed pay rate of 2.76%, an average floating receive rate of 3.68% and an average maturity of 4.0 years, compared to $76.5 billion, 2.67%, 3.68% and 4.1 years, respectively, as of March 31, 2026.
As of June 30, 2026, the Company had a net short U.S. Treasury position of $2.1 billion, receiver swaptions of $7.8 billion outstanding and a two-year swap equivalent long SOFR futures position of $2.6 billion outstanding, compared to a $5.4 billion net long U.S. Treasury position and net receiver swaptions of $7.0 billion as of March 31, 2026.
OTHER GAIN (LOSS), NET
For the second quarter, the Company recorded a net gain of $379 million in other gain (loss), net, or $0.33 per common share, compared to a net loss of $(433) million, or $(0.39) per common share, for the prior quarter. Other gain (loss), net for the second quarter was comprised of:
$(16) million of net realized losses on sales of investment securities; $(90) million of net unrealized losses on investment securities measured at fair value through net income; $179 million of interest rate swap periodic income; $461 million of net gains on interest rate swaps; $(15) million of net losses on interest rate swaptions; $(4) million of net losses on SOFR futures; $(102) million of net losses on U.S. Treasury positions; $44 million of TBA dollar roll income; $(80) million of net mark-to-market losses on TBA securities; and $3 million of other interest income (expense), net; and $(1) million of other miscellaneous losses. OTHER COMPREHENSIVE LOSS
During the second quarter, the Company recorded other comprehensive income (loss) of $(7) million, or $(0.01) per common share, consisting of net unrealized losses on its Agency securities recognized through OCI, compared to $(8) million, or $(0.01) per common share, in the prior quarter.
COMMON STOCK DIVIDENDS
During the second quarter, the Company declared dividends of $0.12 per share to common stockholders of record as of April 30, May 29, and June 30, 2026, totaling $0.36 per share for the quarter. Since its May 2008 initial public offering through the second quarter of 2026, the Company has declared a total of $16.3 billion in common stock dividends, or $50.80 per common share.
FINANCIAL STATEMENTS, OPERATING PERFORMANCE AND PORTFOLIO STATISTICS
The following measures of operating performance include net spread and dollar roll income; economic interest income; economic interest expense; and the related per common share measures and financial metrics derived from such information, which are non-GAAP financial measures. Please refer to "Use of Non-GAAP Financial Information" later in this release for further discussion of non-GAAP measures.
AGNC INVESTMENT CORP.
CONSOLIDATED BALANCE SHEETS
(in millions, except per share data)
June 30,
2026
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
(unaudited)
(unaudited)
(unaudited)
(unaudited)
Assets:
Agency securities, at fair value (including pledged securities of $80,761, $77,364, $74,149, $68,821
and $67,375, respectively)
$ 86,784
$ 84,447
$ 81,003
$ 76,198
$ 73,232
Agency securities transferred to consolidated variable interest entities, at fair value (pledged
securities)
—
—
85
88
91
Credit risk transfer securities, at fair value (including pledged securities of $525, $545, $558, $554 and
$558, respectively)
573
593
606
609
613
Non-Agency securities, at fair value, and other mortgage credit investments (including pledged
securities of $8, $8, $13, $15 and $30, respectively)
94
93
95
97
109
U.S. Treasury securities, at fair value (including pledged securities of $11,295, $12,313, $13,056,
$5,431 and $3,554, respectively)
12,325
12,582
13,477
5,927
3,565
Cash and cash equivalents
457
493
450
450
656
Restricted cash
1,329
1,864
1,292
1,461
1,216
Derivative assets, at fair value
260
178
169
145
155
Receivable for investment securities sold (including pledged securities of $201, $0, $149, $1,340 and
$0, respectively)
401
—
152
1,502
—
Receivable under reverse repurchase agreements
18,433
17,644
16,615
21,399
21,362
Goodwill
526
526
526
526
526
Other assets (including pledged securities of $0, $0, $0, $74 and $0, respectively)
578
477
607
567
496
Total assets
$ 121,760
$ 118,897
$ 115,077
$ 108,969
$ 102,021
Liabilities:
Repurchase agreements
$ 89,808
$ 87,616
$ 85,286
$ 74,152
$ 69,153
Debt of consolidated variable interest entities, at fair value
—
—
56
58
60
Payable for investment securities purchased
312
933
193
1,225
392
Derivative liabilities, at fair value
137
440
6
87
106
Dividends payable
184
182
182
170
164
Obligation to return securities borrowed under reverse repurchase agreements, at fair value
18,150
17,032
16,452
20,802
21,305
Accounts payable and other liabilities
626
513
509
1,031
494
Total liabilities
109,217
106,716
102,684
97,525
91,674
Stockholders' equity:
Preferred Stock - aggregate liquidation preference of $2,033, $2,033, $2,033, $2,033 and $1,688,
respectively
1,968
1,968
1,968
1,968
1,634
Common stock - $0.01 par value; 1,164.2, 1,147.8, 1,107.6, 1,072.7 and 1,041.7 shares issued and
outstanding, respectively
12
11
11
11
10
Additional paid-in capital
19,830
19,656
19,261
18,892
18,575
Retained deficit
(8,929)
(9,123)
(8,524)
(9,038)
(9,422)
Accumulated other comprehensive loss
(338)
(331)
(323)
(389)
(450)
Total stockholders' equity
12,543
12,181
12,393
11,444
10,347
Total liabilities and stockholders' equity
$ 121,760
$ 118,897
$ 115,077
$ 108,969
$ 102,021
Tangible net book value per common share 1
$ 8.58
$ 8.38
$ 8.88
$ 8.28
$ 7.81
AGNC INVESTMENT CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
(unaudited)
Three Months Ended
June 30,
2026
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
Interest income:
Interest income
$ 1,014
$ 1,050
$ 944
$ 903
$ 830
Interest expense
709
731
738
755
668
Net interest income
305
319
206
148
162
Other gain (loss), net:
Realized (loss) gain on sale of investment securities, net
(16)
74
(26)
(81)
(177)
Unrealized (loss) gain on investment securities measured at fair value through net income, net
(90)
(889)
475
805
270
Gain (loss) on derivative instruments and other investments, net
485
382
340
(36)
(367)
Total other gain (loss), net
379
(433)
789
688
(274)
Expenses:
Compensation and benefits
19
23
30
20
18
Other operating expense
11
11
11
10
10
Total operating expense
30
34
41
30
28
Net income (loss)
654
(148)
954
806
(140)
Dividend on preferred stock
44
44
46
42
38
Net income (loss) available (attributable) to common stockholders
$ 610
$ (192)
$ 908
$ 764
$ (178)
Net income (loss)
$ 654
$ (148)
$ 954
$ 806
$ (140)
Unrealized (loss) gain on investment securities measured at fair value through other comprehensive
income (loss), net
(7)
(8)
66
61
48
Comprehensive income (loss)
647
(156)
1,020
867
(92)
Dividend on preferred stock
44
44
46
42
38
Comprehensive income (loss) available (attributable) to common stockholders
$ 603
$ (200)
$ 974
$ 825
$ (130)
Weighted average number of common shares outstanding - basic
1,157.6
1,122.6
1,089.3
1,053.0
1,017.3
Weighted average number of common shares outstanding - diluted
1,162.0
1,122.6
1094.6
1056.6
1017.3
Net income (loss) per common share - basic
$ 0.53
$ (0.17)
$ 0.83
$ 0.73
$ (0.17)
Net income (loss) per common share - diluted
$ 0.52
$ (0.17)
$ 0.83
$ 0.72
$ (0.17)
Comprehensive income (loss) per common share - basic
$ 0.52
$ (0.18)
$ 0.89
$ 0.78
$ (0.13)
Comprehensive income (loss) per common share - diluted
$ 0.52
$ (0.18)
$ 0.89
$ 0.78
$ (0.13)
Dividends declared per common share
$ 0.36
$ 0.36
$ 0.36
$ 0.36
$ 0.36
AGNC INVESTMENT CORP.
RECONCILIATION OF GAAP COMPREHENSIVE INCOME (LOSS) TO NET SPREAD AND DOLLAR ROLL INCOME (NON-GAAP MEASURE) 2
(in millions, except per share data)
(unaudited)
Three Months Ended
June 30,
2026
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
Comprehensive income (loss) available (attributable) to common stockholders
$ 603
$ (200)
$ 974
$ 825
$ (130)
Adjustments to exclude realized and unrealized (gains) losses reported through net income:
Realized (gain) loss on sale of investment securities, net
16
(74)
26
81
177
Unrealized (gain) loss on investment securities measured at fair value through net income, net
90
889
(475)
(805)
(270)
(Gain) loss on derivative instruments and other securities, net
(485)
(382)
(340)
36
367
Adjustment to exclude unrealized (gain) loss reported through other comprehensive income:
Unrealized (gain) loss on available-for-sale securities measure at fair value through other
comprehensive income, net
7
8
(66)
(61)
(48)
Other adjustments:
Estimated "catch up" premium amortization cost (benefit) due to change in CPR forecast 3
5
(5)
7
14
(11)
TBA dollar roll income 4,5
44
51
27
23
24
Interest rate swap periodic income, net 4,6
179
182
217
245
282
Other interest income (expense), net 4,7
3
6
9
7
(3)
Net spread and dollar roll income available to common stockholders
$ 462
$ 475
$ 379
$ 365
$ 388
Weighted average number of common shares outstanding - basic
1,157.6
1,122.6
1,089.3
1,053.0
1,017.3
Weighted average number of common shares outstanding - diluted
1,162.0
1,127.3
1,094.6
1,056.6
1,019.6
Net spread and dollar roll income per common share - basic
$ 0.40
$ 0.42
$ 0.35
$ 0.35
$ 0.38
Net spread and dollar roll income per common share - diluted
$ 0.40
$ 0.42
$ 0.35
$ 0.35
$ 0.38
AGNC INVESTMENT CORP.
NET INTEREST SPREAD COMPONENTS BY FUNDING SOURCE 2
(in millions, except per share data)
(unaudited)
Three Months Ended
June 30,
2026
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
Adjusted net interest and dollar roll income:
Economic interest income:
Investment securities - GAAP interest income 8
$ 1,014
$ 1,050
$ 944
$ 903
$ 830
Estimated "catch-up" premium amortization cost (benefit) due to change in CPR forecast 3
5
(5)
7
14
(11)
TBA dollar roll income - implied interest income 4,9
155
140
169
135
154
Economic interest income
1,174
1,185
1,120
1,052
973
Economic interest expense:
Repurchase agreements and other debt - GAAP interest expense
(709)
(731)
(738)
(755)
(668)
TBA dollar roll income - implied interest expense 4,10
(111)
(89)
(142)
(112)
(130)
Interest rate swap periodic income, net 4,6
179
182
217
245
282
Economic interest expense
(641)
(638)
(663)
(622)
(516)
Other interest and dividend income 3
—
—
—
—
—
Adjusted net interest and dollar roll income
$ 533
$ 547
$ 457
$ 430
$ 457
Net interest spread:
Average asset yield:
Investment securities - average asset yield
4.87 %
4.95 %
4.87 %
4.83 %
4.89 %
Estimated "catch-up" premium amortization cost (benefit) due to change in CPR forecast
0.02 %
(0.02) %
0.03 %
0.08 %
(0.06) %
Investment securities average asset yield, excluding "catch-up" premium amortization
4.89 %
4.93 %
4.90 %
4.91 %
4.83 %
TBA securities - average implied asset yield 9
4.87 %
5.42 %
4.91 %
5.31 %
5.14 %
Average asset yield 11
4.89 %
4.98 %
4.91 %
4.95 %
4.87 %
Average total cost of funds:
Repurchase agreements and other debt - average funding cost
3.74 %
3.79 %
4.13 %
4.43 %
4.44 %
TBA securities - average implied funding cost 10
3.46 %
3.45 %
4.03 %
4.31 %
4.29 %
Average cost of funds, before interest rate swap periodic income, net 11
3.70 %
3.75 %
4.11 %
4.42 %
4.42 %
Interest rate swap periodic income, net 12
(0.81) %
(0.83) %
(1.01) %
(1.25) %
(1.56) %
Average total cost of funds 13
2.89 %
2.92 %
3.10 %
3.17 %
2.86 %
Average net interest spread
2.00 %
2.06 %
1.81 %
1.78 %
2.01 %
AGNC INVESTMENT CORP.
KEY STATISTICS*
(in millions, except per share data)
(unaudited)
Three Months Ended
Key Balance Sheet Statistics:
June 30,
2026
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
Investment securities: 8
Fixed-rate Agency MBS, at fair value - as of period end
$ 82,334
$ 80,466
$ 77,483
$ 73,283
$ 71,104
Other Agency MBS, at fair value - as of period end
$ 4,450
$ 3,981
$ 3,605
$ 3,003
$ 2,219
Credit risk transfer securities, at fair value - as of period end
$ 573
$ 593
$ 606
$ 609
$ 613
Non-Agency MBS, at fair value - as of period end 14
$ 24
$ 24
$ 25
$ 28
$ 43
Total investment securities, at fair value - as of period end
$ 87,381
$ 85,064
$ 81,719
$ 76,923
$ 73,979
Total investment securities, at cost - as of period end
$ 88,471
$ 86,058
$ 81,817
$ 77,563
$ 75,484
Total investment securities, at par - as of period end
$ 87,896
$ 84,847
$ 80,830
$ 76,625
$ 74,572
Average investment securities, at cost
$ 83,366
$ 84,814
$ 77,562
$ 74,783
$ 67,887
Average investment securities, at par
$ 82,557
$ 83,659
$ 76,647
$ 73,836
$ 66,876
TBA securities: 15
Net TBA portfolio - as of period end, at fair value
$ 9,728
$ 9,548
$ 12,988
$ 13,841
$ 8,263
Net TBA portfolio - as of period end, at cost
$ 9,676
$ 9,742
$ 12,917
$ 13,805
$ 8,162
Net TBA portfolio - as of period end, carrying value
$ 52
$ (194)
$ 71
$ 36
$ 101
Average net TBA portfolio, at cost
$ 12,729
$ 10,343
$ 13,764
$ 10,163
$ 11,996
Average repurchase agreements and other debt 16
$ 75,070
$ 77,120
$ 69,943
$ 66,654
$ 59,469
Average stockholders' equity 17
$ 12,447
$ 12,405
$ 11,828
$ 10,732
$ 10,118
Tangible net book value per common share 1
$ 8.58
$ 8.38
$ 8.88
$ 8.28
$ 7.81
Tangible net book value "at risk" leverage - average 18
7.4 :1
7.4 :1
7.4 :1
7.5 :1
7.5 :1
Tangible net book value "at risk" leverage - as of period end 19
7.4 :1
7.4 :1
7.2 :1
7.6 :1
7.6 :1
Key Performance Statistics:
Investment securities: 8
Average coupon
5.14 %
5.27 %
5.19 %
5.20 %
5.14 %
Average asset yield
4.87 %
4.95 %
4.87 %
4.83 %
4.89 %
Average asset yield, excluding "catch-up" premium amortization
4.89 %
4.93 %
4.90 %
4.91 %
4.83 %
Average coupon - as of period end
5.05 %
5.25 %
5.19 %
5.17 %
5.14 %
Average asset yield - as of period end
4.91 %
4.93 %
4.93 %
4.94 %
4.92 %
Average actual CPR for securities held during the period
13.0 %
13.2 %
9.7 %
8.3 %
8.7 %
Average forecasted CPR - as of period end
8.6 %
10.3 %
9.6 %
8.6 %
7.8 %
Total premium amortization benefit (cost)
$ (47)
$ (52)
$ (51)
$ (57)
$ (30)
TBA securities:
Average coupon - as of period end 20
4.89 %
4.11 %
4.98 %
5.11 %
5.22 %
Average implied asset yield 9
4.87 %
5.42 %
4.91 %
5.31 %
5.14 %
Combined investment and TBA securities - average asset yield, excluding "catch-up" premium
amortization 11
4.89 %
4.98 %
4.91 %
4.95 %
4.87 %
Cost of funds: 13
Repurchase agreements - average funding cost
3.74 %
3.79 %
4.13 %
4.43 %
4.44 %
TBA securities - average implied funding cost 10
3.46 %
3.45 %
4.03 %
4.31 %
4.29 %
Interest rate swaps - average periodic income 12
(0.81) %
(0.83) %
(1.01) %
(1.25) %
(1.56) %
Average total cost of funds, inclusive of TBAs and interest rate swap periodic income, net 11
2.89 %
2.92 %
3.10 %
3.17 %
2.86 %
Repurchase agreements - average funding cost as of period end
3.75 %
3.77 %
3.98 %
4.38 %
4.49 %
Interest rate swaps - average net pay/(receive) rate as of period end 21
(0.92) %
(1.01) %
(1.29) %
(1.76) %
(2.34) %
Net interest spread:
Combined investment and TBA securities average net interest spread, excluding "catch-up" premium
amortization
2.00 %
2.06 %
1.81 %
1.78 %
2.01 %
Expenses % of average stockholders' equity - annualized
0.96 %
1.10 %
1.39 %
1.12 %
1.11 %
Economic return (loss) on tangible common equity - unannualized 22
6.7 %
(1.6) %
11.6 %
10.6 %
(1.0) %
Key Interest Rate Hedge Statistics
Interest rate swaps:
Average interest rate swaps, notional amount (excluding forward starting swaps), net
$ 75,216
$ 71,607
$ 59,863
$ 45,656
$ 45,849
Average pay-fixed rate
2.71 %
2.65 %
2.56 %
2.25 %
1.94 %
Average receive-floating rate
3.65 %
3.67 %
3.98 %
4.35 %
4.38 %
U.S. Treasury securities:
Average short U.S. Treasury securities, at cost
$ 16,939
$ 16,772
$ 18,414
$ 21,466
$ 19,754
Average short U.S. Treasury securities yield
4.23 %
4.25 %
4.18 %
4.21 %
4.16 %
Average long U.S. Treasury securities, at cost
$ 12,370
$ 12,033
$ 12,964
$ 4,749
$ 2,044
Average long U.S. Treasury securities yield
3.70 %
3.71 %
3.74 %
4.01 %
4.45 %
U.S. Treasury futures:
Average short U.S. Treasury futures, at cost
$ 4,006
$ 3,210
$ 1,901
$ 1,834
$ 1,208
Average short U.S. Treasury futures implied yield 23
4.73 %
4.64 %
4.71 %
4.60 %
4.53 %
Average long U.S. Treasury futures, at cost
$ 9,917
$ 11,147
$ 708
$ —
$ —
Average long U.S. Treasury futures implied yield 23
3.89 %
3.71 %
3.92 %
— %
— %
Average reverse repurchase agreement rate
3.63 %
3.68 %
4.00 %
4.34 %
4.33 %
*Except as noted below, average numbers for each period are weighted based on days on the Company's books and records. All percentages are annualized, unless otherwise noted.
Numbers in financial tables may not total due to rounding.
Tangible net book value per common share excludes preferred stock liquidation preference and goodwill. Table includes non-GAAP financial measures and/or amounts derived from non-GAAP measures. Refer to "Use of Non-GAAP Financial Information" for additional discussion of non-GAAP financial measures. "Catch-up" premium amortization cost/benefit is reported in interest income on the accompanying consolidated statements of operations. Amount reported in gain (loss) on derivatives instruments and other securities, net in the accompanying consolidated statements of operations. Dollar roll income represents the price differential, or "price drop," between the TBA price for current month settlement versus the TBA price for forward month settlement. Amount includes dollar roll income (loss) on long and short TBA securities. Amount excludes TBA mark-to-market adjustments. Represents periodic interest rate swap settlements. Amount excludes interest rate swap termination fees, mark-to-market adjustments and price alignment interest income (expense) on margin deposits. Other interest income (expense), net includes interest income on cash and cash equivalents, price alignment interest income (expense) on margin deposits, and other miscellaneous interest income (expense). Investment securities include Agency MBS, CRT and non-Agency securities. Amounts exclude TBA and forward settling securities accounted for as derivative instruments in the accompanying consolidated balance sheets and statements of operations. The average implied asset yield and associated gross income for TBA dollar roll transactions is extrapolated by adding the average TBA implied funding cost (Note 10) to the net dollar roll yield. The net dollar roll yield is calculated by dividing dollar roll income (Note 5) by the average net TBA balance (cost basis) outstanding for the period. The implied funding cost/benefit of TBA dollar roll transactions is determined using the "price drop" (Note 5) and market-based assumptions regarding the "cheapest-to-deliver" collateral that can be delivered to satisfy the TBA contract, such as the anticipated collateral's weighted average coupon, weighted average maturity and projected 1-month CPR. The average implied funding cost/benefit for TBA transactions represents the Company's long TBA position only, weighted based on the Company's daily average long TBA position outstanding for the period. Amount calculated on a weighted average basis based on average balances outstanding during the period and their respective asset yield/funding cost. Represents interest rate swap periodic cost/income measured as a percent of total mortgage funding (Investment Securities Repo, other debt and net TBA securities (at cost)). Cost of funds excludes U.S. Treasury, option-based, and other supplemental hedges used to hedge a portion of the Company's interest rate risk and U.S. Treasury Repo. Non-Agency MBS, at fair value, excludes $70 million, $69 million, $70 million, $69 million and $66 million of other mortgage credit investments held as of June 30 and March 31, 2026 and December 31, September 30 and June 30, 2025, respectively. Includes TBA dollar roll position and, if applicable, forward settling securities accounted for as derivative instruments in the accompanying consolidated balance sheets and statements of operations. Amount is net of short TBA securities. Average repurchase agreements and other debt excludes U.S. Treasury Repo. Average stockholders' equity calculated as the average month-ended stockholders' equity during the quarter. Average tangible net book value "at risk" leverage during the period was calculated by dividing the sum of the daily weighted average Investment Securities Repo, other debt, and TBA and forward settling securities (at cost) outstanding for the period by the sum of average stockholders' equity adjusted to exclude goodwill. Leverage excludes U.S. Treasury Repo. Tangible net book value "at risk" leverage as of period end was calculated by dividing the sum of the amount outstanding under Investment Securities Repo, other debt, net TBA position and forward settling securities (at cost), and net receivable / payable for unsettled investment securities outstanding by the sum of total stockholders' equity adjusted to exclude goodwill. Leverage excludes U.S. Treasury Repo. Average TBA coupon is for the long TBA position only. Includes forward starting swaps not yet in effect as of reported period-end. Economic return (loss) on tangible common equity represents the sum of the change in tangible net book value per common share and dividends declared on common stock during the period over the beginning tangible net book value per common share. The implied yields for Treasury futures are calculated based on the "cheapest-to-deliver" security that can be delivered to satisfy the futures contract identified at the time the futures contract was initiated using data sourced from a third-party model. STOCKHOLDER CALL
AGNC invites stockholders, prospective stockholders and analysts to attend the AGNC stockholder call on July 21, 2026 at 8:30 am ET. Interested persons who do not plan on asking a question and have internet access are encouraged to utilize the webcast at www.AGNC.com. Those who plan on participating in the Q&A or do not have internet available may access the call by dialing (877) 300-5922 (U.S. domestic) or (412) 902-6621 (international). Please advise the operator you are dialing in for the AGNC Investment Corp. stockholder call.
A slide presentation will accompany the call and will be available in the Investors section of the Company's website at www.AGNC.com. Select the Q2 2026 Stockholder Presentation link to download the presentation in advance of the stockholder call.
An archived audio of the stockholder call combined with the slide presentation will be available on the AGNC website after the call on July 21, 2026. In addition, there will be a phone recording available one hour after the call on July 21, 2026 through August 4, 2026. Those who are interested in hearing the recording of the presentation, can access it by dialing (855) 669-9658 (U.S. domestic) or (412) 317-0088 (international), passcode 8844707.
For further information, please contact Investor Relations at (301) 968-9300 or [email protected].
ABOUT AGNC INVESTMENT CORP.
Founded in 2008, AGNC Investment Corp. (Nasdaq: AGNC) is a leading investor in Agency residential mortgage-backed securities (Agency MBS), which benefit from a guarantee against credit losses by Fannie Mae, Freddie Mac, or Ginnie Mae. We invest on a leveraged basis, financing our Agency MBS assets primarily through repurchase agreements, and utilize dynamic risk management strategies intended to protect the value of our portfolio from interest rate and other market risks.
AGNC has a track record of providing favorable long-term returns for our stockholders through substantial monthly dividend income, with over $16 billion of common stock dividends paid since inception. Our business is a significant source of private capital for the U.S. residential housing market, and our team has extensive experience managing mortgage assets across market cycles.
We use our website (www.AGNC.com) and AGNC's LinkedIn and X accounts to distribute information about the Company. Investors should monitor these channels in addition to our press releases, filings with the U.S. Securities and Exchange Commission ("SEC"), public conference calls and webcasts, as information posted through them may be deemed material. Our website, alerts and social media channels are not incorporated by reference into, and are not a part of, this document or any report filed with the SEC. To learn more about The Premier Agency Residential Mortgage REIT, please visit www.AGNC.com, follow us on LinkedIn and X, and sign up for Investor Alerts.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results could differ materially from those projected in these forward-looking statements or from our historic performance due to a variety of important factors, including, without limitation, changes in monetary policy and other factors that affect interest rates, MBS spreads to benchmark interest rates, the forward yield curve, or prepayment rates; the availability and terms of financing; changes in the market value of the Company's assets; general economic or geopolitical conditions; liquidity and other conditions in Agency MBS and other financial markets; and legislative and regulatory changes that could adversely affect the business of the Company. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements are included in the Company's periodic reports filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company disclaims any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt of new information, or otherwise.
USE OF NON-GAAP FINANCIAL INFORMATION
In addition to the results presented in accordance with GAAP, the Company's results of operations discussed in this release include certain non-GAAP financial information, including "net spread and dollar roll income"; "economic interest income" and "economic interest expense"; and the related per common share measures and certain financial metrics derived from such non-GAAP information, such as "cost of funds" and "net interest spread."
Net spread and dollar roll income available to common stockholders is measured as comprehensive income (loss) available (attributable) to common stockholders (GAAP measure) adjusted to: (i) exclude gains/losses on investment securities recognized through net income or other comprehensive income and gains/losses on derivative instruments and other securities (GAAP measures), (ii) exclude retrospective "catch-up" adjustments to premium amortization cost due to changes in projected CPR estimates and (iii) include interest rate swap periodic income/ cost, TBA dollar roll income and other miscellaneous interest income/expense. As defined, net spread and dollar roll income available to common stockholders represents net interest income/ expense (GAAP measure) adjusted to exclude retrospective "catch-up" adjustments to premium amortization cost due to changes in projected CPR estimates and to include TBA dollar roll income, interest rate swap periodic income/cost and other miscellaneous interest income/expense, less total operating expense (GAAP measure) and dividends on preferred stock (GAAP measure).
By providing users of the Company's financial information with such measures in addition to the related GAAP measures, the Company believes users have greater transparency into the information used by the Company's management in its financial and operational decision-making. The Company also believes that it is important for users of its financial information to consider information related to the Company's current financial performance without the effects of certain transactions that are not necessarily indicative of its current investment portfolio performance and operations.
Specifically, the Company believes the inclusion of TBA dollar roll income in its non-GAAP measures is meaningful as TBAs are economically equivalent to holding and financing generic Agency MBS using short-term repurchase agreements but are recognized under GAAP in gain/ loss on derivative instruments in the Company's statement of operations. Similarly, the Company believes that the inclusion of periodic interest rate swap settlements in such measures, which are recognized under GAAP in gain/loss on derivative instruments, is meaningful as interest rate swaps are the primary instrument the Company uses to economically hedge against fluctuations in the Company's borrowing costs and inclusion of periodic interest rate swap settlements is more indicative of the Company's total cost of funds than interest expense alone. Finally, the Company believes the exclusion of "catch-up" adjustments to premium amortization cost is meaningful as it excludes the cumulative effect from prior reporting periods due to current changes in future prepayment expectations and, therefore, exclusion of such "catch-up" cost or benefit is more indicative of the current earnings potential of the Company's investment portfolio.
However, because such measures are incomplete measures of the Company's financial performance and involve differences from results computed in accordance with GAAP, they should be considered as supplementary to, and not as a substitute for, results computed in accordance with GAAP. In addition, because not all companies use identical calculations, the Company's presentation of such non-GAAP measures may not be comparable to other similarly-titled measures of other companies.
A reconciliation of GAAP comprehensive income (loss) to non-GAAP "net spread and dollar roll income" is included in this release.
CONTACT:
Investors - (301) 968-9300
Media - (301) 968-9303
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Boston, Massachusetts--(Newsfile Corp. - July 20, 2026) - Block & Leviton is investigating Pentair (NYSE: PNR) for potential securities law violations. Investors who have lost money in their Pentair investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/pnr.
What is this all about?
Block & Leviton is investigating whether Pentair plc and certain of its executives violated federal securities laws in connection with what the company told investors about the health of inventory in its Pool channel. On April 28, 2026, Pentair guided to roughly 1% second-quarter sales growth and 2-4% full-year growth, and management told investors it had evaluated a range of Pool revenue scenarios and reflected the expected sell-in pressure in that guidance. Then, after the market closed on July 14, 2026, Pentair pre-announced that preliminary second-quarter sales would be approximately $930 million — down about 17% year-over-year — and slashed its full-year outlook, attributing the shortfall to Pool channel inventory destocking that was "more pronounced" than previously estimated and that it estimated would cut full-year Pool sales by roughly $250 million. The company also disclosed that its chief financial officer had departed on July 10, 2026, just days before the warning, with the former CFO returning on an interim basis. Pentair shares fell sharply on the news.
Who is eligible?
Anyone who purchased Pentair common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at [email protected], or by phone at (888) 256-2510.
Whistleblower?
If you have non-public information about Pentair, you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at [email protected] or by phone at (888) 256-2510.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, call (888) 256-2510 or email [email protected] with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305801
Source: Block & Leviton LLP
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, /PRNewswire/ -- Cardinal Health (NYSE: CAH) announced today it has entered into two definitive agreements that accelerate its at-Home Solutions' growth strategy.
Cardinal Health will acquire the Diabetes Health business of AdaptHealth Corp. (NASDAQ: AHCO), and, in its entirety, Strive Medical, a multi-specialty supply provider with a focus on urology. Combined, the transactions total approximately $360 million in cash, subject to working capital adjustments.
"These strategic transactions build on the synergies created by our recent investments in home care," said Jason Hollar, Chief Executive Officer, Cardinal Health. "As a natural extension of our at-Home Solutions growth strategy, they expand our enterprise-wide depth and breadth across important therapeutic categories like diabetes management and urology, further strengthening our leadership in a highly dynamic industry."
Both agreements enhance the framework established by Cardinal Health's most recent acquisition of Advanced Diabetes Supply (ADS). The company recently highlighted the progress of its at-Home Solutions business one year after its acquisition of ADS, including integration achievements that were realized ahead of plan. Since closing the original ADS transaction, the team successfully migrated all ADS volume onto the at-Home Solutions efficient and technology-enabled distribution network, onboarded nearly 500,000 new customers, and launched ContinuCare Pathway, a unique pharmacy-to-supplier digital referral pathway program.
"Our significant operational achievements in FY26 position us to continue building the country's leading platform to deliver simplified, innovative and high-quality care in the home, both organically and through acquisition," said Rob Schlissberg, President of Cardinal Health at-Home Solutions.
Layering these transactions on top of previous investments in the at-Home Solutions business also expands the company's ability to deliver high-quality service at scale.
AdaptHealth's Diabetes Health business, which serves more than 225,000 people annually, operates primarily as a centralized, mail-order, direct-to-patient model that delivers supplies like continuous glucose monitors to support the ongoing management of diabetes.
Strive Medical serves more than 20,000 people annually as one of the nation's leading independent home medical supply providers specializing in urology, wound care, ostomy, and incontinence supplies, expanding Cardinal Health's enterprise-wide capabilities in this critical therapeutic area.
These transactions are subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals, and are expected to be accretive to non-GAAP earnings per share in the first 12 months following close.
Advisors
J.P. Morgan Securities LLC served as financial advisor to Cardinal Health on both acquisitions. Skadden, Arps, Slate, Meagher & Flom LLP and DLA Piper served as legal advisors to Cardinal Health on the acquisition of AdaptHealth's diabetes business. BakerHostetler LLP and DLA Piper LLP served as legal advisors to Cardinal Health on the acquisition of Strive Medical.
About Cardinal Health
Cardinal Health is a distributor of pharmaceuticals and specialty products; a global manufacturer and distributor of medical and laboratory products; a supplier of home-health and direct-to-patient products and services; an operator of nuclear pharmacies and manufacturing facilities; and a provider of performance and data solutions. Our company's customer-centric focus drives continuous improvement and leads to innovative solutions that improve people's lives every day. Learn more about Cardinal Health at cardinalhealth.com and in our Newsroom.
About AdaptHealth
AdaptHealth Corp. is a national leader in providing patient-centered, healthcare-at-home solutions, including home medical equipment (HME), medical supplies, and related services. Through its network of full-service medical equipment providers, AdaptHealth delivers tailored products and services designed to help patients manage chronic conditions and live independently in their homes. It serves beneficiaries of Medicare, Medicaid, and commercial insurance plans and reaches millions of patients annually.
About Strive Medical LLC
Strive Medical, an NMS Capital portfolio company, is a leading national durable medical equipment (DME) provider specializing in urology, incontinence, and wound care supplies delivered directly to patients. As an Accreditation Commission for Health Care (ACHC) accredited organization, Strive Medical manages the full insurance billing process – including Medicare, Medicaid, and over 5,000 private insurance plans – making access to essential supplies seamless for patients and referring providers alike. For more information, visit strivemedical.com
Contacts
Media: Cari Wildasinn, [email protected] and (614) 757-8287
Investors: David Frost, [email protected] and (614) 553-4460
Cautions Concerning Forward-Looking Statements
This news release contains forward-looking statements addressing expectations, prospects, estimates and other matters that are dependent upon future events or developments. These statements may be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "will," "should," "could," "would," "project," "continue," "likely," and similar expressions, and include statements reflecting future results or guidance, statements of outlook, and various accruals and estimates. These matters are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. These risks and uncertainties include risks associated with the planned acquisitions addressed in this release, including the risk that we may not receive required regulatory approval or otherwise fail to complete one or both of the acquisitions and the risk that we may fail to realize the anticipated strategic and financial benefits of the acquisitions. Cardinal Health is subject to additional risks and uncertainties described in Cardinal Health's Form 10-K, Form 10-Q and Form 8-K reports and exhibits to those reports. This news release reflects management's views as of July 20, 2026. Except to the extent required by applicable law, Cardinal Health undertakes no obligation to update or revise any forward-looking statement. Forward-looking statements are aspirational and not guarantees or promises that goals, targets or projections will be met, and no assurance can be given that any expectation, initiative or plan in this news release can or will be achieved or completed.
VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, has reported that Seismic, the global leader in sales enablement, scaled AI-assisted outbound prospecting across its go-to-market team on ZoomInfo, and in its own user surveys attributed 39% of active pipeline to opportunities identified or influenced by signals from ZoomInfo, according to the company. Seismic runs a well-developed outbound model, where business development representatives and outside sal.
, /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against ZoomInfo Technologies Inc. ("ZoomInfo" or the "Company") (NASDAQ: GTM).
IF YOU SUFFERED A LOSS ON YOUR ZOOMINFO INVESTMENTS, CLICK HERE BEFORE AUGUST 24, 2026 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT
What Is The Lawsuit About?
The complaint filed alleges that, between November 3, 2025 and May 11, 2026, Defendants failed to disclose to investors that: (1) ZoomInfo's optimistic plan for continued growth was undermined by slowing seat-based demand, weakening upsells and customers revising decisions to purchase AI products and develop internal AI-driven go-to-market solutions, making ZoomInfo's 2026 full year revenue guidance increasingly unlikely to be met; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contact Us:
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.
VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, has reported that Tegus, an investment-research platform that investors rely on to inform their decisions, cut its conversation-intelligence spending by 50% compared with its previous vendor after consolidating that work onto ZoomInfo, according to the company. Tegus redirected the savings into sales incentives and went on to exceed its targets for the next 2 quarters. Tegus combines expert insights, comp.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In ZoomInfo To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in ZoomInfo between November 3, 2025 and May 11, 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 ZoomInfo Technologies, Inc. ("ZoomInfo" or the "Company") (NASDAQ: GTM) and reminds investors of the August 24, 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 the true state of ZoomInfo's slowing growth its legacy seat-based subscription platforms and weakening customer retention in its downmarket segment. Further, the Company minimized concerns that customers were moving towards consumption-based usage models and developing internal AI-driven go-to-market solutions.
On May 11, 2026, after the market closed, ZoomInfo announced its first quarter 2026 financial results, unveiling a sharp decline in growth outlook and accordingly lowered its 2026 full year financial guidance, and announced it was realigning its downmarket business, laying off 20% of its workforce, and expecting to incur approximately $45-60 million in restructuring costs. On this news, ZoomInfo's stock price fell $1.98, or approximately 33%, to close at $4.06 per share on May 12, 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 ZoomInfo's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the ZoomInfo class action, go to www.faruqilaw.com/GTM 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 ZoomInfo Securities Class Action Lawsuit:
What is the ZoomInfo securities fraud lawsuit about?
The lawsuit alleges that ZoomInfo Technologies, Inc. (NASDAQ: GTM) and certain of its officers and directors violated federal securities laws by making materially false and misleading statements to investors during the class period. Specifically, the complaint alleges that defendants issued overwhelmingly positive statements while allegedly concealing the true extent of slowing growth in ZoomInfo's legacy seat-based subscription platforms and weakening customer retention in its downmarket segment. The complaint further alleges that defendants minimized concerns that customers were shifting toward consumption-based usage models and developing internal AI-driven go-to-market solutions, which allegedly masked material adverse trends affecting the Company's business. On May 11, 2026, after markets closed, ZoomInfo allegedly disclosed the severity of these conditions when it announced sharply lowered full-year 2026 guidance, a realignment of its downmarket business, a workforce reduction of approximately 20%, and anticipated restructuring costs of approximately $45-60 million — news that allegedly caused the Company's stock to decline approximately 33% the following trading day.
Who may be eligible to participate in the lawsuit?
Investors who purchased or otherwise acquired ZoomInfo Technologies, Inc. (NASDAQ: GTM) securities during the class period — between November 3, 2025 and May 11, 2026, inclusive — may be eligible to participate in this lawsuit. Eligible investors are not limited to those who seek appointment as lead plaintiff; any class member who suffered losses during the class period 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 applicable class period dates. Participation in the litigation does not require that an investor take an active role in the case or incur out-of-pocket legal expenses to be considered a potential class member.
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 selecting and overseeing class counsel and making key strategic decisions in the case. Under the Private Securities Litigation Reform Act, any investor who purchased ZoomInfo Technologies securities during the class period and suffered a loss may move the court for appointment as lead plaintiff. The deadline to file a motion seeking lead plaintiff appointment is August 24, 2026. Importantly, investors are not required to serve as lead plaintiff in order to be eligible to share in any recovery that may result from the litigation; the vast majority of class members participate without taking on that representative role.
What should investors do if they purchased ZoomInfo stock during the Class Period?
Investors who purchased ZoomInfo Technologies, Inc. (NASDAQ: GTM) securities between November 3, 2025 and May 11, 2026 should promptly review their brokerage and account records to confirm the dates and prices of any relevant transactions. Investors are strongly encouraged to preserve all documentation related to their ZoomInfo securities purchases, including trade confirmations, account statements, and any communications concerning those investments. Given that the lead plaintiff motion deadline is August 24, 2026, investors who wish to explore their legal options — including the possibility of seeking appointment as lead plaintiff — should act in a timely manner. Investors may wish to consult with Faruqi & Faruqi, LLP or other qualified securities counsel to evaluate their rights and potential claims prior to that 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 ZoomInfo 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/305843
Source: Faruqi & Faruqi LLP
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July 20, 2026 16:05 ET | Source: Workhorse Group, Inc.
DETROIT, July 20, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or the “Company”), a North American OEM and provider of all-electric trucks, step vans, shuttles and buses, today announced that on July 20, 2026, the Human Resource Management and Compensation Committee of the Company’s Board of Directors (the “Committee”) granted 93,750 restricted stock units (“RSUs”) to Jody Davis under the Company’s Inducement Equity Award Plan (the “Inducement Plan”) in connection with Mr. Davis’s hiring and appointment as Chief Financial Officer. The award was granted as an inducement material to Mr. Davis entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
The RSUs will vest over a three-year period, in three equal installments on the first, second and third anniversaries of June 1, 2026, subject to Mr. Davis’s continued employment with the Company through the applicable vesting dates.
About Workhorse Group Inc.
Headquartered in the Detroit area with a commercial-scale manufacturing plant in Union City, Indiana, Workhorse (Nasdaq: WKHS) is redefining what a medium-duty truck should be. Workhorse builds software-first, electric trucks, shuttles and buses that are powerful, cost-efficient, reliable, safe and comfortable — all with zero tailpipe emissions. Our deep experience building electric vehicles at scale drives intentional innovations designed to help customers lower operating costs, improve fleet performance, enhance the driver experience, and maximize uptime without compromise. More information is available at www.workhorse.com.
Media Relations Contacts:
Workhorse
John Williams, Communications
+1-206-660-5503, [email protected]
This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that are not historical facts, including those regarding the Company's achievement of its priorities and its other plans, objectives, expectations, business strategies, future operations, financial performance, prospects, and other future events or developments, are forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, and estimates as of the date of this press release and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties are described in greater detail under the caption "Risk Factors" in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Key Takeaways Lenovo tops Dell, with price appreciation, valuation and analyst sentiment giving it the edge.Lenovo's $21B-plus AI server pipeline and enterprise AI expansion support long-term growth.Dell raised fiscal 2027 revenue guidance to $165-$169B and expects about $60B in AI server revenues. The microcomputer space is being driven by AI-enabled PCs, enterprise device refresh cycles, and the growing adoption of hybrid work. Rising demand for high-performance computing, cloud-connected workflows, and enhanced cybersecurity is accelerating hardware upgrades.
Advancements in processors, on-device AI capabilities, and energy-efficient architectures are supporting premiumization, while the approaching end of support for older operating systems is expected to further stimulate commercial PC replacement demand.
Against this backdrop, let’s assess which company offers stronger long-term growth prospects — Lenovo Group (LNVGY - Free Report) or Dell Technologies (DELL - Free Report) . Lenovo Group is a global technology leader with a diversified presence across PCs, enterprise infrastructure and intelligent solutions. Dell Technologies is a leading provider of servers, storage and PCs. It offers secure, integrated solutions that extend from the edge to the core to the cloud.
The Case for LNVGYLenovo Group remains one of the world’s largest PC manufacturers, but its evolution into a diversified technology company is strengthening its long-term growth prospects. Expansion into higher-margin areas such as AI infrastructure, hybrid cloud, enterprise services and AI-enabled devices is reducing its reliance on the cyclical PC market and creating multiple earnings drivers.
The Intelligent Devices Group remains a dependable cash generator, supported by commercial PC replacement cycles, premium-device demand and growing AI PC adoption. Meanwhile, the Infrastructure Solutions Group is becoming an important growth engine as demand rises for AI servers, data-center infrastructure and high-performance computing. An AI server pipeline exceeding $21 billion provides strong revenue visibility.
Lenovo is also expanding its enterprise AI capabilities. Its Hybrid AI Advantage solutions, developed with NVIDIA, help enterprises deploy scalable, real-time AI inferencing across cloud and on-premise environments. The acquisition of Infinidat further strengthens Lenovo’s high-end enterprise storage portfolio, creating opportunities for revenue growth and margin improvement.
The company’s broad presence across Asia, Europe and the Americas limits dependence on any single region, while established relationships with enterprises, governments and channel partners reinforce its competitive position.
As Lenovo works toward becoming a full-stack AI leader, continued investment in Personal AI and Enterprise AI should support sustainable growth. Disciplined cost control, healthy cash generation, a prudent balance sheet and consistent dividend payments also position the company to fund innovation while delivering long-term shareholder value.
The Case for DELLDell benefits from a diversified portfolio spanning servers, storage, networking, PCs, and IT services, providing resilience across business cycles. Dell Technologies is seeing demand for AI servers stay ahead of supply as customers accelerate deployments and lock in capacity. A key growth driver is Dell's position as a leading supplier of AI-optimized servers, supported by demand for accelerated computing and partnerships with major semiconductor providers.
Dell’s expanding ecosystem supports a fuller stack for customers that who want to run AI on infrastructure they control. Management highlighted partners including NVIDIA, Google Cloud, OpenAI, ServiceNow, Palantir, Mistral and CrowdStrike, alongside collaboration on validated designs and software integration. As enterprises continue investing in AI infrastructure, Dell is well-positioned to capture incremental market share through its end-to-end solutions and global customer relationships.
The company's large installed enterprise customer base creates recurring opportunities for hardware refreshes, storage expansion, and lifecycle services. While the PC business remains cyclical, it provides scale and distribution advantages, with potential upside from commercial PC replacement cycles and AI-enabled devices.
Management raised fiscal 2027 revenue guidance to $165-$169 billion and lifted expected AI server revenues to about $60 billion. As Dell continues to prioritize margin rate expansion, it is prudently managing expenses.
Dell generates robust free cash flow, enabling consistent debt reduction, share repurchases, and dividend growth. Its disciplined capital allocation and improved balance sheet enhance shareholder returns while maintaining financial flexibility.
Estimates for LNVGY and DELL The Zacks Consensus Estimate for LNVGY’s fiscal 2027 and 2028 revenues implies a 13% and 11.3% year-over-year increase, respectively. EPS estimates for fiscal 2027 and 2028 imply a 20.5% and 19.2% year-over-year increase, respectively. EPS estimates for 2026 and 2027 have moved up 30.5% and 18.9%, respectively, in the past 30 days.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for DELL’s fiscal 2027 and 2028 revenues implies a 57.3% and 9.3% year-over-year increase, respectively. EPS estimates for 2026 and 2027 indicate an 82.5% and a 21.1% year-over-year increase, respectively. EPS estimates for 2026 and 2027 have moved up 0.8% and 1.4%, respectively, in the past 30 days.
Image Source: Zacks Investment Research
Both carry a Growth Score of A.
Price Performance of LNVGY and DELLLNVGY shares have gained 98.4% in the past three months, while DELL shares have gained 86.6% in the same time.
Image Source: Zacks Investment Research
Are LNVGY and DELL Shares Expensive?LNVGY is trading at a forward 12-month price-to-sales multiple of 0.35, higher than its median of 0.19 over the past five years. DELL’s forward 12-month price-to-earnings multiple sits at 1.43, slightly higher than its median of 0.64 over the past five years.
While Lenovo has a Value Score of A, Dell carries a Value Score of C.
Image Source: Zacks Investment Research
ConclusionLenovo Group presents an attractive investment opportunity, supported by its leading position in the global PC market, growing AI-related demand and improving profitability. Management targets $100 billion in revenues within two years, driven by operational efficiency and sustained innovation across Personal AI and Enterprise AI.
Dell is well-positioned to benefit from sustained AI-driven demand, a strong competitive standing, solid cash flow generation and long-term investment in digital infrastructure.
Both stocks sport a Zacks Rank #1 (Strong Buy) and have a VGM Score of A. Price appreciation, valuation, and analyst sentiment give Lenovo an edge over Dell. You can see the complete list of today’s Zacks #1 Rank stocks here.
ToplineMark Zuckerberg became the world’s fifth-richest person on Monday, reclaiming the rank from Michael Dell as shares in his hardware firm declined, extending a cooling period for the stock since climbing to an all-time high last month.
The hardware firm’s stock has cooled since skyrocketing to an all-time high last month.
Copyright 2026 The Associated Press. All rights reserved
Key FactsShares of Dell dropped 3.3% as of Monday afternoon, adding to an 8.8% slide the previous week and a more than 18% decline since hitting an intraday all-time record high of $469 on June 1.
Dell, who holds about 265.7 million Dell shares, saw his net worth cut by $2 billion to $221.1 billion, ranking him directly below Zuckerberg ($222.1 billion) on Forbes’ list of the world’s wealthiest people.
Meta’s stock, which traded down as much as 1.6%, rose to roughly break even on the day shortly before market close.
big number200%. That’s how much Dell shares have swelled by this year as they more than tripled in value, despite a recent selloff. Michael Dell’s fortune opened 2026 at $141 billion, ranking him as the 13th-richest person in the world, and his wealth has surged 864% since hitting $22.9 billion in 2020.
what to watch forDell will report Q2 earnings next month, while Meta reports next week.
key backgroundDell has become one of the largest beneficiaries of the broader buildup of AI infrastructure, as the hardware firm has become a key supplier to data centers. The company reported an 88% surge in revenue through its previous quarter, boosting Dell’s stock by 39% in its best trading session ever. AI server revenue skyrocketed by 757% over the previous year, Dell reported, with expectations for annual sales topping $60 billion. President Donald Trump, who became a shareholder in the first quarter, has urged investors to buy Dell, urging traders to “go out and buy a Dell.”
further readingForbesMichael Dell’s Net Worth Surges Up $35 Billion From Dell’s Best Day Ever—Passing Zuckerberg As 6th RichestBy Ty Roush
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Zoetis Inc. (NYSE: ZTS) between January 14, 2025 and May 6, 2026, inclusive (the "Class Period"), of the important July 27, 2026 lead plaintiff deadline.
So What: If you purchased Zoetis securities 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 Zoetis class action, go to https://rosenlegal.com/cases/zoetis-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 July 27, 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 has 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, throughout the Class Period, defendants made false and/or misleading statements and touted growing market share, strong veterinarian adoption, and accelerating sales growth across Zoetis' flagship Companion Animal products and/or failed to disclose that: (1) veterinarian prescription growth and adoption of Zoetis' Librela, a canine pain treatment, were sharply weakening as clinicians became more cautious following FDA safety warnings concerning serious neurological complications in dogs; (2) Zoetis' Simparica Trio was losing significant market share to a lower priced competing canine parasiticide with broader indicated use in a slowing overall market; and (3) Zoetis' dermatology products, Apoquel and Cytopoint, were losing substantial market share to a newly launched competing canine treatment. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Zoetis class action, go to https://rosenlegal.com/cases/zoetis-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.
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Contact Information:
Laurence Rosen, Esq.
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, /PRNewswire/ -- Ross Stores, Inc. (Nasdaq: ROST) announced the grand opening of 47 new stores nationwide during June and July, including 35 Ross Dress for Less® ("Ross") and 12 dd's DISCOUNTS® locations across 15 states and territories. With these new openings, the Company is on track to open approximately 110 stores this year.
"Each new opening allows us to deliver compelling value to even more customers while creating new jobs and making a positive impact in the local communities," said Richard Lietz, Executive Vice President, Property Development. "Building on the strong new store performance in 2025 and the Spring openings this year, we are excited to grow Ross Dress for Less' store base in Puerto Rico, New York, and Michigan while also continuing to deepen our presence in key Sunbelt states. For dd's, we are also pleased to expand within our existing markets in California, Florida, North Carolina, and Texas."
In connection with these openings, Ross Stores continued its longstanding tradition of community engagement by making donations to local Boys & Girls Clubs or First Book literacy partners, supporting youth development and access to educational resources in the neighborhoods it serves.
"Looking ahead, we see attractive opportunities as off‑price continues to grow, and we are well positioned to capitalize on them," said Mr. Leitz.
For more information on these new openings, please visit Ross Dress for Less Grand Openings and dd's DISCOUNTS Grand Openings.
About Ross Stores, Inc.
Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2025 revenues of $22.8 billion. Currently, the Company operates Ross Dress for Less® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,952 locations in 44 states, the District of Columbia, Guam, and Puerto Rico. Ross offers first-quality, in-season, brand name and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. The Company also operates 376 dd's DISCOUNTS® stores in 23 states that feature a more moderately-priced assortment of first-quality, in-season apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day. Additional information is available at www.rossstores.com.
ToplineA federal judge temporarily blocked Paramount Skydance’s planned merger with Warner Bros. Discovery on Monday, saying states had raised “serious questions” about whether the deal violates antitrust law—a potentially costly early signal for Paramount, as the company faces billions of dollars in payments if the deal either continues getting delayed or ultimately falls through.
The Paramount Pictures logo is displayed on a water tower in Los Angeles, California, on February 17.
NurPhoto via Getty Images
Key FactsJudge Araceli Martinez-Olguin issued a temporary restraining order Monday that bars Paramount from moving forward with the merger for two weeks, before deciding whether to issue a more lasting order that pauses the deal indefinitely while the litigation moves forward.
Paramount and Warner Bros. are trying to move forward with a $110 billion merger that has faced widespread pushback for allegedly unfairly restricting competition in the entertainment industry, and the ruling came in response to a lawsuit brought against the media company by a coalition of 12 Democratic state attorneys general.
While Martinez-Olguin did not rule Monday on whether Paramount’s deal is lawful, the judge signaled she’s skeptical of the deal, writing the states “make a strong showing that the Transaction will substantially lessen competition” and “raised serious questions about the merits of their antitrust claim.”
The judge’s ruling doesn’t immediately impact Paramount, beyond barring it from closing the deal for the next two weeks, but signals Martinez-Olguin could be inclined to delay the deal indefinitely or kill it entirely, which would prove costly for the media giant.
Under the terms of its deal with Warner Bros, Paramount has to pay a $0.25 per day “ticking fee” per share to Warner Bros. shareholders if the deal doesn’t close by Sept. 30—which would amount to $650 million per quarter or $7 million per day—and has also agreed to pay a $7 billion termination fee if the deal falls through due to regulatory issues.
Paramount said in a statement Monday it was “grateful” for how swiftly the judge issued the order in the case, and said it is “confident the evidence will demonstrate that the State AGs' antitrust arguments are without merit.”
CHIEF CRITIC“This merger is lawful, pro-competitive, and will benefit consumers, creators, workers, and the entertainment industry,” Paramount said. “We will continue to vigorously defend the transaction and will look forward to the hearings on the substance of the State AGs’ action.”
What to Watch forMartinez-Olguin scheduled a hearing for Aug. 3 on whether she should issue a more lasting order to pause the Paramount-Warner Bros. deal. That order could keep the merger on pause indefinitely while the litigation moves forward, which means it could be paused for years, unless an appeals court overrules her.
Crucial QuoteMartinez-Olguin noted in her ruling Monday her temporary order won’t cause Paramount any financial harm for now—but also suggested she isn’t sympathetic to its arguments about how much the delay could cost it. “Even if Defendants argued that they would suffer economic harm as a result of delaying the merger, the equities do not weigh in their favor when contrasted with the potential public harms that would result from consummation of the Transaction, including the loss of competition,” the judge wrote.
Big Number$6 billion. That’s how much Paramount has estimated it and Warner Bros. will save by combining their assets through the merger, Reuters notes, further adding to the costs the company will suffer if the deal doesn’t go through.
Key BackgroundThe states’ litigation is one of several pending lawsuits against Paramount over its planned merger, which was announced in February after Netflix backed off its effort to acquire Warner Bros. and said it couldn’t match Paramount’s bid. Paramount+ subscribers have also sued over the deal, arguing the lack of competition could raise prices for subscribers, and the Writers Guild of America filed suit last week. The union argues the deal could harm film and television writers by reducing competition in the industry and giving writers less options of who they can work for, arguing in a statement a potential merger would mean “writers will be paid less and have fewer employment opportunities.” Paramount has defended the deal amid the widespread criticism and alleged it would actually be “pro-competitive,” as Paramount and Warner Bros.’ new joint entity would be better equipped to compete with other media giants like Netflix, Apple and Disney. States sued Paramount in an effort to block the merger after the federal government cleared it in June, with the Justice Department concluding the deal was “not likely to result in harm to competition or American consumers.” The Trump administration’s approval of the deal has raised concerns, given Paramount CEO David Ellison’s ties to the president. Ellison and father Larry Ellison face a lawsuit from a Paramount investor over their alleged side dealings with the government to get the merger approved, which Paramount has strongly denied.
Further Reading California And Other States Challenge Massive Paramount-Warner Bros. Merger In New Lawsuit (Forbes)
Justice Department Greenlights Paramount-Warner Bros Merger With No Conditions (Forbes)
What The Paramount-Warner Bros. Merger Means For Larry Ellison’s Fortune (Forbes)
July 20, 2026 16:30 ET | Source: Fossil Group, Inc.
RICHARDSON, Texas, July 20, 2026 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) today announced that its 2026 Annual Meeting of Stockholders will be held on October 2, 2026 at 9:00 a.m. Central Time (the “2026 Annual Meeting”). The Company’s Board of Directors has set August 3, 2026 as the record date for the 2026 Annual Meeting. The location of the 2026 Annual Meeting will be specified in the Company’s proxy statement for the 2026 Annual Meeting.
Pursuant to the Company’s Sixth Amended and Restated Bylaws (the “Bylaws”), the Company is providing its stockholders with the deadlines for stockholder proposals and director nominations for the 2026 Annual Meeting. The deadlines for submitting stockholder proposals and director nominations pursuant to the Bylaws, as set forth in the Company’s proxy statement for the 2025 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on November 21, 2025, no longer apply.
Stockholders submitting proposals or director nominations under the Bylaws must provide written notice to the Company’s Secretary at its principal executive offices at 901 S. Central Expressway, Richardson, Texas 75080, no later than the close of business on July 30, 2026, which is the 10th day after the date of the Company’s public announcement of the date of the 2026 Annual Meeting and which the Company has determined, for purposes of Rule 14a‑8 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to be a reasonable time before it begins to print and mail its proxy materials. In addition, stockholders must otherwise comply with the applicable provisions of the Bylaws and the Exchange Act.
Additional information regarding the 2026 Annual Meeting will be provided in the Company’s proxy statement and related materials.
About Fossil Group, Inc.
Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, our offerings include watches, jewelry, handbags, small leather goods, belts and sunglasses. We are committed to delivering the best in design and innovation across our owned brands, Fossil, Michele, Relic, Skagen and Zodiac, and licensed brands, Armani Exchange, Diesel, Emporio Armani, Michael Kors, Skechers and Tory Burch. We bring each brand story to life through an extensive distribution network across numerous geographies, categories, and channels. Certain press release and SEC filing information concerning the Company is also available at www.fossilgroup.com.
BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the metabolic health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy, will announce financial results for the quarter ended June 30, 2026 on Monday, August 3, 2026, after market close. The Company will host a conference call to discuss the results with additional comments and details. Company participants will be Nick Johnson, Chief Executive Officer, and Jim Maloney, Chief Financial Officer. The.
Chipotle Mexican Grill shares are sliding. Why is CMG stock falling? Cyclospora Outbreak Dents Fast-Casual Foot Traffic Across the SectorA foodborne Cyclospora parasite outbreak linked to contaminated iceberg lettuce sourced from Mexico has rattled the fast-casual dining space, sending foot traffic lower across multiple chains. The FDA traced the outbreak to lettuce used in Taco Bell’s supply chain, prompting supplier Taylor Farms and distributor Sysco to pull the product.
Placer.ai foot traffic data through July 17 shows Taco Bell visits fell 18.9% compared to its day-of-week average from January through early July. Chipotle was not spared, recording a 6.9% decline in customer visits over the same window, as broader consumer anxiety around fresh ingredients at Mexican-style fast-casual restaurants appears to be weighing on traffic regardless of direct supply chain involvement.
Earnings Preview Adds Another Layer of CautionBeyond the sector noise, traders appear to be trimming exposure ahead of Chipotle’s upcoming earnings release. Analysts are currently projecting earnings of 32 cents per share on revenue of $3.33 billion.
The stock has a history of sharp moves in either direction around quarterly results and with the report approaching some investors are choosing to reduce risk rather than carry a full position into the print. Any sign that recent foot traffic softness has fed through into weaker comparable sales figures could amplify the downside reaction when results hit.
CMG Versus The Tape: A Breakdown Test, Not A BreakoutThe chart is not helping CMG. The stock sits 2.5% below its 20‑day SMA $33.86 and 1% below its 100‑day SMA $33.33, levels that often act like speed bumps when buyers try to spark a rebound. It is still holding 1.4% above its 50‑day SMA $32.56 but remains 6.3% below its 200‑day SMA $35.24, which keeps the longer‑term trend tilted bearish.
Momentum is not signaling capitulation. RSI is at 47.20, a neutral zone that shows the move is not washed out but also not showing the kind of upside pressure that forces shorts to cover and sidelined buyers to chase. That neutrality matters because it suggests the stock can keep chopping or leaking without the technical relief valve of an oversold snapback.
Zoom out and the backdrop stays heavy. CMG is down 37.04% over the past 12 months. June delivered an oversold RSI event and the 52‑week low. July produced a swing high and a break above resistance. This pullback now serves as a test of whether that breakout reflected real demand or simply a temporary repricing in a thin summer tape.
Key levels are taking center stage. Resistance sits at $33.50, a nearby pivot zone that overlaps the 100‑day area where rebounds often stall. Support is $30.50, a floor that becomes more important if selling continues, sitting above the $28.04 52‑week low zone. If bulls cannot reclaim the moving‑average cluster, the next question becomes how quickly price starts probing that lower shelf.
CMG Shares Are DroppingCMG Price Action: Chipotle shares were down 4.07% at $33.04 at the time of publication on Monday, according to Benzinga Pro.
Image: Shutterstock
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