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

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

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

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

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

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

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

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

Transaction Details

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

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

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

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

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

LXP’s Second Quarter 2026 Results

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

Advisors

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

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

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

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

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

About LXP Industrial Trust

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

Additional Information and Where to Find It

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

Participants in the Solicitation

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

Cautionary Statement Regarding Forward-Looking Statements

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

Contacts

Brookfield Contact

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

CPP Investments Contact

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

LXP Contact

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

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

FARNBOROUGH, England--(BUSINESS WIRE)---- $RDW--Redwire Corporation (NYSE: RDW), together with the State of Alabama and the City of Huntsville, today announced a major expansion of Redwire's Huntsville campus, reinforcing Alabama's position as a national leader in aerospace, defense, and advanced, U.S.-based manufacturing. Redwire is adding 164,000 square feet to its operational footprint in Huntsville, increasing the company's manufacturing and engineering capacity to develop and produce mission-critic.

15-year, 352 MW IT lease doubles the existing high-investment-grade tenant's contracted capacity to 704 MW

Total contracted IT capacity across Hut 8's AI data center portfolio rises to 949 MW, supported by 1,330 MW of utility capacity, with aggregate base-term contract value of $26.6 billion and average annual NOI of more than $1.75 billion

100% of Hut 8's contracted AI data center capacity is leased to or backstopped by investment-grade counterparties

Renewal options increase potential campus-level contract value to $50.2 billion

, /PRNewswire/ -- Hut 8 Corp. (Nasdaq, TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies, today announced the commercialization of the second phase of its one-gigawatt Beacon Point data center campus in Nueces County, Texas through a second 15-year, $9.8 billion lease (the "Agreement") for 352 megawatts (MW) of IT capacity (the "Transaction"). The tenant, the high-investment-grade company that executed the Phase 1 lease, has doubled its contracted IT capacity at the campus to 704 MW. The Transaction fully commercializes the Beacon Point campus against its 1,000 MW of utility capacity, secured under an interconnection agreement with AEP Texas for electric delivery service.

Rendering of Hut 8's fully commercialized Beacon Point data center campus in Nueces County, Texas Transaction Highlights

Lease Structure: Triple net (NNN) lease executed on substantially the same terms as the Phase 1 lease. Tenant Profile: High-investment-grade company; the Phase 1 tenant. Compute Architecture: Hut 8 to deliver a second 352 MW AI factory designed to NVIDIA's DSX reference architecture for gigawatt-scale AI infrastructure supported by 500 MW of utility capacity. Base-Term Contract Value: $9.8 billion over a 15-year base lease term, inclusive of a 3.0% annual base rent escalator; base-term contract value for the full 1,000 MW campus rises to $19.6 billion. NOI Contribution: Expected cumulative NOI contribution of $9.8 billion over the base term, or an average of $655 million per year upon stabilization; average annual NOI for the full 1,000 MW campus rises to $1.31 billion. Upside Economics: Three 5-year renewal options per lease increase potential campus-level contract value to $50.2 billion if all options are exercised. Delivery Timeline: Initial Phase 2 data hall delivery expected in Q2 2028. Full Commercialization Driven by Power-First Development Model

With the Transaction, Beacon Point becomes Hut 8's first fully commercialized AI data center campus. The Company secured the site, contracted the campus in full with investment-grade cash flows, financed Phase 1 with investment-grade debt, and commenced construction. Together, these stages demonstrate structural features of the Company's disciplined, power-first development model, from origination through delivery:

Power-first underwriting preserves optionality across end markets: Initially underwritten on a speed-to-power thesis to serve Hut 8's affiliated customer, American Bitcoin Corp., Beacon Point is now fully contracted under two 15-year AI leases to a high-investment-grade counterparty. First-principles approach to design and partnership supports efficient commercialization: Hut 8 has designed the campus around its tenant's evolving requirements throughout development, including a redesign of the first data hall for Phase 1 to NVIDIA's DSX reference architecture, enabling 57% more IT capacity within the same land and utility footprint. With this second lease, the tenant doubled its contracted capacity on substantially the same terms. Partnership-driven execution model mitigates execution risk: The campus's full 1,000 MW of utility capacity is secured under an interconnection agreement with AEP Texas for electric delivery service, and no incremental capacity is required to serve the Phase 2 lease. Hut 8 will implement the partnership-driven model first implemented at River Bend and Beacon Point Phase 1 to deliver the site. Site preparation is underway, and long-lead critical equipment has been procured. Initial energization remains on schedule for Q1 2027. Asher Genoot, CEO of Hut 8, said, "The real test of our power-first approach is what our partners are willing to commit against it. Our tenant at Beacon Point chose to double its footprint at the site, the strongest validation an asset can receive. We took this greenfield site from first lease to full commercialization in just months. That speaks to the quality of the sites we originate, the credibility of our delivery, and the long-term orientation of our partnerships. The opportunity ahead of us is to apply the same model across our development pipeline."

Contracted Portfolio Highlights

Contracted Capacity: Total contracted IT capacity across Hut 8's AI data center portfolio of 949 MW, comprising 704 MW at Beacon Point and 245 MW at River Bend. Contract Value and NOI Contribution: Cumulative base-term contract value across Hut 8's AI data center portfolio of $26.6 billion, with expected average annual NOI of more than $1.75 billion. Counterparty Credit: 100% of Hut 8's AI data center portfolio is leased to or backstopped by investment-grade counterparties. Stock Repurchase Program

On December 4, 2024, as part of its capital management strategy, the Company launched a $250.0 million stock repurchase program (the "Stock Repurchase Program") with respect to its common stock, par value $0.01 per share (the "Common Stock"). Under the Stock Repurchase Program, the Company may repurchase up to 6,159,439 shares of Common Stock (representing 5.0% of the current issued and outstanding Common Stock) in the next twelve months. The Company expects that any repurchases will be made through the facilities of Nasdaq at prevailing market prices, in accordance with applicable securities laws.

Non-GAAP Financial Measures

This press release includes a non-GAAP financial measure, expected net operating income (NOI) contribution, which the Company defines as expected lease revenue for a particular lease less any non-reimbursable operating expenses attributable to the leased property. The Company's management team uses expected NOI contribution to measure the expected operating performance of a particular lease. Operating income is the GAAP measure most directly comparable to expected NOI contribution. In evaluating expected NOI contribution, you should be aware that in the future the Company may incur non-reimbursable lease operating expenses that are not currently known. The Company's presentation of expected NOI contribution should not be construed as an inference that its future results will be unaffected by unusual or non-recurring items. Expected NOI contribution has important limitations as an analytical tool and you should not consider expected NOI contribution in isolation or as a substitute for analysis of results as reported under GAAP. For example, expected NOI contribution excludes the impact of selling, general and administrative expenses and depreciation and amortization, which have real economic effect and could materially impact the Company's consolidated financial results. Other companies, including Real Estate Investment Trusts, may calculate expected NOI contribution differently than the Company does and, accordingly, the Company's expected NOI contribution may not be comparable to similar measures published by such companies. No reconciliation of expected NOI contribution is included in this press release because the Company is unable to quantify certain amounts that would be required to be included in operating income without unreasonable efforts as such quantification would imply a degree of precision that would be confusing or misleading to investors.

Additional Transaction Information and Upcoming Communications

Hut 8 has made available on its website an investor presentation with further details regarding the Transaction.

For important news and information regarding the Company, including investor presentations and timing of future investor conferences, visit the Investor Relations section of the Company's website, hut8.com/investors, and its social media accounts, including on X and LinkedIn. The Company uses its website and social media accounts as primary channels for disclosing key information to its investors, some of which may contain material and previously non-public information.

About Hut 8

Hut 8 is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies such as AI, high-performance computing, and ASIC compute. The Company develops, commercializes, and operates industrial-scale energy and data center infrastructure through a power-first, innovation-driven approach. For more information, visit hut8.com.

Cautionary Note Regarding Forward-Looking Information

This press release includes "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, "forward-looking information"). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to  the terms, value, and expected benefits of the Transaction and the Agreement, including expected contract value, NOI contribution, and potential value from renewal options, the timing of development, construction, energization, and delivery of the Beacon Point campus, the expected capacity of the campus, the Company's development pipeline, and the Company's future business strategy, competitive strengths, expansion, and growth of the business and operations more generally, and other such matters is forward-looking information. Forward-looking information is often identified by the words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "allow," "believe," "estimate," "expect," "predict," "can, "might," "potential," "is designed to," "likely," or similar expressions.  

Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, risks relating to the construction of new data centers, including cost overruns, delays, supply chain issues, permitting or regulatory hurdles, unexpected technical challenges, and dependency on contractors; risks relating to the financing of new data centers, including the potential dilutive impact of equity issuances (if any), access to capital markets, timing and cost of financing, and market conditions such as increases in interest rates, declining equity valuations, volatility in credit markets, or tightening lending standards; risks impacting our ability to expand the power capacity at the River Bend campus, such as limitations of transmission and/or generation resources; failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company's filings with the U.S. Securities and Exchange Commission. In particular, see the Company's recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company's EDGAR profile at sec.gov and SEDAR+ profile at sedarplus.ca.

SOURCE Hut 8 Corp.

The $9.8B Lease Doubles IT CapacityThe 15-year triple net lease is valued at $9.8 billion over its base term, inclusive of a 3.0% annual base rent escalator, and doubles the existing tenant’s contracted IT capacity at the campus to 704 MW. The tenant — a high-investment-grade company that also executed the Phase 1 lease — will be served by a second 352 MW AI factory designed to NVIDIA’s DSX reference architecture.

The transaction fully commercializes Beacon Point against its 1,000 MW of utility capacity, secured under an interconnection agreement with AEP Texas. Initial Phase 2 data hall delivery is expected in the second quarter of 2028, with three five-year renewal options that could increase potential campus-level contract value to $50.2 billion if all are exercised.

“We took this greenfield site from first lease to full commercialization in just months,” said Asher Genoot, CEO of Hut 8. “That speaks to the quality of the sites we originate, the credibility of our delivery, and the long-term orientation of our partnerships. The opportunity ahead of us is to apply the same model across our development pipeline.”

Portfolio HighlightsHut Shares Climb HigherHUT Price Action: At the time of publication, Hut shares are trading 11.56% higher at $102.02, according to data from Benzinga Pro.

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DENVER & NEW YORK--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: DOC) ("Healthpeak") and Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”), today announced the formation of a long-term strategic capital partnership through a joint venture involving a portfolio of outpatient medical buildings across the United States.The portfolio contributed by Healthpeak is comprised of 86 properties totaling approximately 5.6 million square feet, valued at approximately $2.1 billion. The p.

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

Michael Blitzer elected Executive Chairman, effective immediately

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

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

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

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

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

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

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

Additional Details About Thras Moraitis

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

About Michael Blitzer

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

About USA Rare Earth, Inc.

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

Forward Looking Statements

Cautionary Note Regarding Forward Looking Statements

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

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

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

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

Participants in the Solicitation

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

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

No Offer or Solicitation

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

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

Media Contact
Collected Strategies
[email protected]

July 20, 2026 07:00 ET  | Source: Harrow, Inc.

NASHVILLE, Tenn., July 20, 2026 (GLOBE NEWSWIRE) -- Harrow (Nasdaq: HROW), a leading provider of ophthalmic disease management solutions in North America, today announced the presentation of three studies supporting IHEEZO® (chloroprocaine HCl ophthalmic gel 3%), a broadly labeled low viscosity ocular anesthetic gel, and BYOOVIZ® (ranibizumab-nuna)i, an FDA-approved biosimilar referencing LUCENTISii (ranibizumab) at the American Society of Retina Specialists (ASRS) 2026 Annual Meeting. Collectively, the presentations expand the growing body of clinical and real-world evidence supporting Harrow's retina portfolio and reinforce Harrow’s commitment to generating quality evidence that strengthens physician confidence, improves patient experience, and supports long-term product adoption and innovation.

“ASRS is one of the premier scientific meetings in retina, and we're excited to share data that continues to strengthen the foundation supporting our growing retina franchise,” said Mark L. Baum, Chief Executive Officer of Harrow. “We believe durable commercial success is built on strong clinical evidence, generated before FDA-approval, and then robust supportive data sets subsequently produced. These studies further expand the evidence supporting IHEEZO while adding to the growing body of real-world experience for BYOOVIZ, reflecting our long-term commitment to retina specialists and the patients they treat.”

One presentation highlighted interim findings from an investigator-initiated, prospective, randomized study of 150 patients comparing IHEEZO versus subconjunctival lidocaine. While these preliminary data represent an early look at the data, investigators observed encouraging trends toward less post-procedure pain, a better post-injection patient experience, and fewer ocular symptoms through 24 hours following intravitreal injection among patients treated with IHEEZO. Harrow believes these early findings provide an encouraging signal supporting further investigation in a larger patient population.

Importantly, Harrow continues to enroll QUELL, a prospective, randomized, multi-center clinical trial of approximately 236 subjects that is being conducted under an active Investigational New Drug (IND) application. QUELL is designed to generate robust clinical evidence evaluating post-injection pain, patient experience, procedural performance, and safety in a substantially larger patient population, with topline data expected in the fourth quarter of 2026.

Another real-world study retrospectively evaluated whether IHEEZO's proprietary low-viscosity gel formulation interferes with antisepsis when used with chlorhexidine before intravitreal injection. Across nearly 20,000 injections, investigators observed no evidence of an increased endophthalmitis risk compared with a legacy tetracaine/povidone-iodine preparation. Although retrospective and not intended to demonstrate statistical superiority, the findings provide further confidence that physicians can realize the patient-experience benefits of IHEEZO's low-viscosity gel formulation without introducing additional procedural risk associated with antisepsis.

“These studies help build the scientific foundation supporting IHEEZO,” said Amir Shojaei, Chief Scientific Officer of Harrow. “The early interim randomized data suggest the potential to improve the patient experience, while the large real-world analysis provides reassuring evidence regarding procedural safety. We look forward to completing enrollment in QUELL, which we believe will provide the most comprehensive evaluation of IHEEZO in retina to date.”

Finally, Samsung Bioepis presented interim findings from a large-scale, real-world post-marketing surveillance study of BYOOVIZ. Full results from this study are being announced jointly with Samsung Bioepis today.

“Between the continued expansion of the clinical evidence supporting IHEEZO, the recent launch of BYOOVIZ, and the ongoing growth of our retina franchise, we believe Harrow is increasingly well-positioned as a trusted long-term partner to retina specialists,” Baum concluded. “We appreciated the opportunity to engage with physicians throughout ASRS and look forward to sharing additional updates later this year.”

IHEEZO® (chloroprocaine hydrochloride ophthalmic gel) 3%, for topical ophthalmic use

INDICATIONS AND USAGE 

IHEEZO is an ester anesthetic indicated for ocular surface anesthesia. 

IMPORTANT SAFETY INFORMATION 

CONTRAINDICATIONS 

IHEEZO is contraindicated in patients with a history of hypersensitivity to any component of
this preparation 

WARNINGS AND PRECATIONS 

Not for Injection or Intraocular Administration. Corneal Injury Due to Insensitivity. Corneal Opacification For Administration by Healthcare Provider: IHEEZO is not intended for patient self-administration  ADVERSE REACTIONS 

Most common adverse reaction is mydriasis (approximately 25%) 
Please see full Prescribing information

BYOOVIZ® (ranibizumab-nuna) injection, for intravitreal use is a biosimilar to LUCENTIS (ranibizumab injection) 

INDICATIONS AND USAGE 

BYOOVIZ, a vascular endothelial growth factor (VEGF) inhibitor, is indicated for the treatment of patients with:

Neovascular (Wet) Age-Related Macular Degeneration (AMD)Macular Edema Following Retinal Vein Occlusion (RVO)Myopic Choroidal Neovascularization (mCNV)
 IMPORTANT SAFETY INFORMATION 

 CONTRAINDICATIONS 

Ocular or periocular infectionsHypersensitivity  WARNINGS AND PRECAUTIONS 

Endophthalmitis and retinal detachments may occur following intravitreal injections. Patients should be monitored following the injectionIncreases in intraocular pressure (IOP) have been noted both pre- and post intravitreal injection There is a potential risk of arterial thromboembolic events following intravitreal use of VEGF inhibitors 
 ADVERSE REACTIONS 

The most common adverse reactions (reported more frequently in ranibizumab treated subjects than control subjects) are conjunctival hemorrhage, eye pain, vitreous floaters, and increased IOP 
 Please see full Prescribing Information 

About Harrow
Harrow, Inc. (Nasdaq: HROW) is a leading provider of ophthalmic disease management solutions in North America, offering a comprehensive portfolio of products that address conditions affecting both the front and back of the eye, such as dry eye disease, wet (or neovascular) age-related macular degeneration, cataracts, refractive errors, glaucoma and a range of other ocular surface conditions and diseases of the retina. Harrow was founded with a commitment to deliver safe, effective, accessible, and affordable medications that enhance patient compliance and improve clinical outcomes. For more information about Harrow, please visit harrow.com and connect with us on LinkedIn.

About Samsung Bioepis Co., Ltd.
Established in 2012, Samsung Bioepis is a biopharmaceutical company committed to realizing healthcare that is accessible to everyone. Through innovations in product development and a firm commitment to quality, Samsung Bioepis aims to become the world's leading biopharmaceutical company. Samsung Bioepis continues to advance a broad pipeline of biologic candidates that cover a spectrum of therapeutic areas, including immunology, oncology, ophthalmology, hematology, nephrology, neurology, and endocrinology. For more information, please visit www.samsungbioepis.com and follow us on LinkedIn and X.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release that are not historical facts may be considered such “forward-looking statements.” Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties which may cause results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties that could cause actual results to differ from those predicted include, among others, risks related to: liquidity or results of operations; our ability to successfully implement our business plan, develop and commercialize our products, product candidates and proprietary formulations in a timely manner or at all, identify and acquire additional products, manage our pharmacy operations, service our debt, obtain financing necessary to operate our business, recruit and retain qualified personnel, manage any growth we may experience and successfully realize the benefits of our previous acquisitions and any other acquisitions and collaborative arrangements we may pursue; competition from pharmaceutical companies, outsourcing facilities and pharmacies; general economic and business conditions, including inflation and supply chain challenges; regulatory and legal risks and uncertainties related to our pharmacy operations and the pharmacy and pharmaceutical business in general, including the ongoing communications with the U.S. Food and Drug Administration relating to compliance and quality plans at our outsourcing facility in New Jersey; physician interest in and market acceptance of our current and any future formulations and compounding pharmacies generally. These and additional risks and uncertainties are more fully described in Harrow’s filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended December 31, 2025, and other filings with the SEC. Such documents may be read free of charge on the SEC's web site at sec.gov. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Except as required by law, Harrow undertakes no obligation to update any forward-looking statements to reflect new information, events, or circumstances after the date they are made, or to reflect the occurrence of unanticipated events.

Contacts:

Mike Biega
Vice President of Investor Relations and Communications
[email protected]
617-913-8890

i Byooviz is a trademark of Samsung Bioepis Co., Ltd.
ii Lucentis is a trademark of Genentech, Inc.

Posted by Defense World Staff on Jul 20th, 2026

Bessemer Group Inc. raised its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL – Free Report) by 15,570.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,283 shares of the industrial products company’s stock after buying an additional 11,211 shares during the quarter. Bessemer Group Inc.’s holdings in Powell Industries were worth $6,105,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Greenline Wealth Management LLC bought a new position in Powell Industries during the fourth quarter worth $29,000. Avanza Fonder AB bought a new stake in Powell Industries in the 4th quarter valued at $30,000. Steward Partners Investment Advisory LLC grew its position in Powell Industries by 126.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 113 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 63 shares during the last quarter. First Horizon Corp acquired a new stake in Powell Industries in the 4th quarter worth $40,000. Finally, Larson Financial Group LLC increased its holdings in shares of Powell Industries by 12,800.0% during the 4th quarter. Larson Financial Group LLC now owns 129 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 128 shares during the period. 89.77% of the stock is owned by institutional investors.

Powell Industries Stock Performance Shares of POWL stock opened at $232.79 on Monday. The firm has a fifty day moving average of $277.14 and a 200-day moving average of $216.73. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 45.56, a P/E/G ratio of 3.04 and a beta of 1.13. Powell Industries, Inc. has a 52-week low of $69.00 and a 52-week high of $328.00.

Powell Industries (NASDAQ:POWL – Get Free Report) last issued its earnings results on Monday, May 4th. The industrial products company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.09). The business had revenue of $296.62 million for the quarter, compared to analyst estimates of $298.12 million. Powell Industries had a net margin of 16.51% and a return on equity of 28.61%. Powell Industries’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.81 earnings per share. On average, sell-side analysts predict that Powell Industries, Inc. will post 5.47 earnings per share for the current year.

Powell Industries Cuts Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, May 20th. Powell Industries’s payout ratio is presently 7.05%.

Insider Activity at Powell Industries In related news, major shareholder Thomas W. Powell sold 33,958 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $294.49, for a total transaction of $10,000,291.42. Following the completion of the transaction, the insider owned 564,736 shares in the company, valued at $166,309,104.64. This trade represents a 5.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael William Metcalf sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $284.64, for a total value of $1,280,880.00. Following the transaction, the executive vice president owned 78,900 shares of the company’s stock, valued at $22,458,096. This trade represents a 5.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 55,088 shares of company stock valued at $16,070,066. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth A number of research analysts have recently commented on the stock. Cantor Fitzgerald upped their price objective on shares of Powell Industries from $160.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Zacks Research lowered Powell Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings cut Powell Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Texas Capital upgraded Powell Industries to a “strong-buy” rating in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. lifted their price objective on Powell Industries from $310.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Powell Industries has an average rating of “Buy” and an average price target of $236.67.

Check Out Our Latest Stock Analysis on POWL

Powell Industries Profile (Free Report)

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.

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SpaceX (NASDAQ: SPCX)  stock has undergone a sharp reversal just weeks after completing the largest IPO in history, raising questions about whether the pullback presents a buying opportunity or signals further downside.

After debuting at $135 per share in June 2026 and rallying to a post-IPO high of about $226, SpaceX stock has fallen to $124 as of press time. 

The decline of roughly 45% from its peak has pushed shares below their IPO price and wiped nearly $1 trillion from the company’s market value, reducing its valuation from about $2.6 trillion to $1.6 trillion.

SPCX 30-day stock price chart. Source: Finbold Why SpaceX stock plunged post-IPO The sell-off reflects a common post-IPO pattern, with early enthusiasm giving way to profit-taking, insider selling, and valuation concerns. 

Additional pressure has come from share unlocks, rising short interest, a recent Starship testing setback, and a broader pullback in speculative technology stocks. Even so, SpaceX remains among the world’s most valuable public companies.

The strongest case for buying SpaceX stock is Starlink, the company’s primary revenue and profit driver. 

The satellite broadband service now serves more than 10 million users worldwide, generating recurring, high-margin revenue from consumer, enterprise, and government customers, including Starshield contracts.

Notably, SpaceX generated $18.7 billion in revenue in 2025, up 33% year-over-year, with revenue projected to reach between $22 billion and $30 billion in 2026 if subscriber growth and launch activity remain strong. 

While Starlink powers current growth, the long-term investment case largely depends on the success of Starship.

The next-generation rocket could significantly reduce launch costs if development stays on track. A successful rollout would support faster satellite deployments, in-orbit refueling, lunar missions, and new opportunities such as orbital data centers.

However, Starship remains in testing and faces execution risks. Technical setbacks, regulatory challenges, or development delays could weigh on investor sentiment and future growth prospects. 

As a result, upcoming Starship flight tests may be more important than short-term stock movements in shaping SpaceX’s long-term valuation.

Is SpaceX a buy? Whether SpaceX stock is a buy at current levels largely depends on an investor’s time horizon.

The 45% decline has reduced some of the valuation excess seen after the IPO, but SpaceX still trades at a premium to many established technology and industrial companies. Even after the sell-off, its valuation remains heavily tied to future growth rather than current profitability.

Although revenue continues to expand, SpaceX reported a net loss of about $4.9 billion in 2025 as it invested heavily in infrastructure, research and development, artificial intelligence initiatives, and Starship development.

Investors bullish on satellite communications, reusable space transportation, and the broader space economy may view the pullback as a more attractive entry point. 

More cautious investors may prefer to wait for evidence of sustained profitability, successful Starship milestones, and the completion of major share unlock events.

Key near-term catalysts include earnings results, Starlink subscriber growth, and Starship test flights. Strong execution could improve sentiment, while operational setbacks or insider selling may keep the stock volatile.

There's little doubt that Elon Musk's Space Exploration Technologies (SPCX 5.41%) will remain the biggest and best-known name in the space business for at least the next five years. In terms of performance, though, bigger isn't always better. There's another much smaller space company that's likely to be more rewarding to its shareholders, not despite its size, but because of it.

That company is Rocket Lab (RKLB +0.59%).

Image source: Getty Images.

Rocket Lab in focus If you're not familiar with it, it's simple enough. Rocket Lab makes reusable orbital launch vehicles. In other words, rockets. Its flagship product/service right now is a relatively small rocket -- called Electron -- that's capable of putting up to 660 pounds worth of payload into low Earth orbit. And it's now been launched 91 times, deploying over 260 satellites.

The company's thinking bigger, though. While still in the testing stage, Rocket Lab's Neutron rocket, expected to begin its initial flights near the end of this year, can lift up to 14 tons worth of cargo, or even launch missions to Mars. With this sort of medium-lift potential, Rocket Lab will be competing with some of SpaceX's launch capabilities.

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In the meantime, the company also provides satellite components and can even help companies design and build this orbiting equipment.

Ready to outperform But can Rocket Lab actually beat massive SpaceX at its own game?

Probably not. However, that's not quite the question investors are asking. What most investors want to know is how the two stocks will perform compared to one another for the foreseeable future.

That's where recently IPO'd and richly valued SpaceX shares face a distinct disadvantage. Like most other initial public offerings, this one is likely to founder for at least a year (if not more) while the market digests the fact that the $1.6 trillion behemoth isn't likely to justify this market cap with actual earnings anytime soon.

For perspective, SpaceX generated just under $19 billion in revenue last year, with the bulk of that coming from artificial intelligence rather than space-launch services or satellite-based broadband service Starlink.

Granted, that's the market where Musk expects most of the growth opportunity to take shape. SpaceX's IPO prospectus suggests there's $26.5 trillion in AI business up for grabs in the foreseeable future.

The only problem? It's not clear where he's getting the number, nor is there a time frame attached to it.

There's also the not-so-small matter that the AI business is already a crowded one, with powerhouses like Alphabet and Microsoft capable of keeping SpaceX's artificial intelligence efforts in check. It would take a sizable chunk of this potential revenue to justify SpaceX's value, and there's no guarantee it will produce it.

One thing is for sure. There's not enough future revenue on the table for Starlink or space launches alone to justify SPCX stock's present price, never mind the company's complexity and subsequent lack of focus.

Meanwhile, shares of tightly focused companies have been more than halved since their May peak, mostly to make room for SpaceX's arrival to the publicly traded market. This only adds to the potential rebound stemming from this year's expected year-over-year revenue growth of 53%.

SummaryCompaniesJury selection begins Monday in Nashville for a seven-week trialTennessee seeks penalties and an order requiring Instagram platform changesA New Mexico jury awarded that state $375 million in damages earlier this yearJuly 20 (Reuters) - Meta Platforms (META.O), opens new tab faces trial in Tennessee on Monday over the state's claims that Instagram's design is to blame for a youth mental-health ​crisis, one of several trials in the coming weeks testing allegations that the company's social media platforms were intentionally built to be addictive.

Tennessee accuses ‌the company of violating the state's consumer protection law by knowingly designing a product that drives teens to compulsive use and misleading the public about its safety.

Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.

The lawsuit, filed by Attorney General Jonathan Skrmetti's office, claims Meta failed to disclose extensive internal research showing Instagram could harm teens and continued offering features it knew were dangerous without warning users.

The state alleges founder and CEO Mark Zuckerberg was repeatedly ​warned by some Meta employees about research that found a negative impact on teens, but declined to fund efforts to minimize those harms and made misleading ​public statements about the amount of harmful content on the platforms.

Skrmetti is seeking financial penalties and a court order directing Instagram to ⁠modify aspects of the platform that the state says are harmful to teens' mental health. The case focuses on features like autoplay, Instagram's Reels videos, notifications and designs ​that cause content to disappear after a certain period.

A Meta spokesperson said in a statement on Friday that the company already has built-in controls to protect the hundreds of thousands ​of Tennessee teens who use social media every day.

"We want them to do that in a protected space, which is why we’ve spent a decade building safe, age-appropriate defaults for teens alongside simple tools for parents to set the right boundaries for their family," the spokesperson said.

The company has argued the state's claims of harm are based on the content posted on Instagram by its users, and ​that a federal law, Section 230 of the Communications Decency Act, shields the company from liability for third-party content.

OVERLAPPING TRIALSJury selection will begin in Nashville on Monday for the ​first phase of the trial. The jury will decide whether Meta violated Tennessee law. If the jury finds it did, the case will move to a second phase where the judge will weigh ‌monetary penalties ⁠and potential changes to Instagram. Tennessee’s consumer protection law levies a fine of up to $1,000 per violation.

The trial, which is slated to last for seven weeks, is scheduled to overlap with at least two other trials against the company in courts in California as it faces thousands of lawsuits over similar claims in both state and federal court.

Nearly every state in the country has filed claims against Meta over its platforms’ alleged impact on children. A trial over claims against Meta brought by 29 states alleging the company violated ​federal law protecting data collected from children ​and additional state law claims from ⁠California, Colorado, Kentucky and New Jersey is scheduled to begin on August 18 in federal court in California.

Separately, Meta and other social media companies are facing thousands of lawsuits brought by individuals and school districts in both state and federal court.

A trial against Meta and ​Snapchat parent Snap Inc (SNAP.N), opens new tab over the claims brought by a 15-year-old boy from Florida known as R.K.C., who alleges that social media ​damaged his mental health, ⁠is scheduled to begin on July 27.

The companies have broadly denied the allegations in these lawsuits, arguing they have sought to protect children and should not be liable for claims they say are based on content posted by their users.

SECOND STATE TRIALTennessee’s trial is the second to test claims in a lawsuit brought by a state against Meta.

New Mexico’s lawsuit against the ⁠company went to ​trial earlier this year, and a jury found the company had misled consumers about the safety of ​its Facebook, Instagram and WhatsApp platforms. The jury awarded the state $375 million in damages.

The judge held a separate bench trial over New Mexico’s claim the company had created a public nuisance, and is currently weighing whether to ​order the company to make changes and direct it to pay additional damages to repair the harms.

Reporting by Diana Novak Jones in Chicago, Editing by Alexia Garamfalvi and Matthew Lewis

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

Diana reports on product liability, litigation, mass torts and the plaintiffs' bar. She previously worked at Law360 and the Chicago Sun-Times.

Posted by Defense World Staff on Jul 20th, 2026

Ascent Wealth Partners LLC lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 76.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,095 shares of the electric vehicle producer’s stock after selling 3,638 shares during the period. Ascent Wealth Partners LLC’s holdings in Tesla were worth $407,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Crestwood Advisors Group LLC boosted its stake in Tesla by 34.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock worth $8,799,000 after buying an additional 5,039 shares during the period. Calamos Wealth Management LLC raised its stake in shares of Tesla by 5.9% in the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock valued at $18,846,000 after acquiring an additional 2,341 shares during the period. Private Capital Advisors Inc. lifted its holdings in shares of Tesla by 139.3% in the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock worth $9,593,000 after acquiring an additional 12,417 shares during the last quarter. Wealthquest Corp bought a new stake in shares of Tesla in the 4th quarter worth about $1,035,000. Finally, Knights of Columbus Asset Advisors LLC boosted its stake in shares of Tesla by 34.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock worth $28,998,000 after purchasing an additional 16,652 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

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

Positive Sentiment: Bank of America reiterated a Buy rating and a $460 price target, citing rapid robotaxi expansion, better-than-expected deliveries, and upcoming Optimus milestones. Positive Sentiment: Analysts and investors continue to focus on Tesla’s robotaxi, Cybercab, and Optimus programs, which remain major long-term growth catalysts. Positive Sentiment: Erste Group raised its FY2026 earnings estimate for Tesla, signaling at least some improving expectations heading into the report. Neutral Sentiment: Wall Street expects a sizable earnings-driven stock move, with options pricing implying elevated volatility around the report. Neutral Sentiment: Recent coverage highlights that Tesla’s quarterly delivery strength has not yet translated into a sustained stock rebound, suggesting investors want more than just beat-and-raise narratives. Negative Sentiment: Broader AI and high-growth tech weakness is weighing on Tesla, as investors worry about stretched valuations and cooling enthusiasm for expensive megacap names. Negative Sentiment: Several reports point to skepticism around Tesla’s valuation, with commentary noting the stock could be vulnerable if earnings, margins, or guidance disappoint. Negative Sentiment: Competitive and regulatory headwinds remain in focus, including tougher EV competition in Europe, a denied NHTSA petition over a headlight recall issue, and ongoing scrutiny of Tesla’s autonomy claims. Wall Street Analyst Weigh In A number of research firms recently weighed in on TSLA. Robert W. Baird reduced their price objective on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Citizens Jmp assumed coverage on Tesla in a research note on Thursday, July 9th. They set a “market perform” rating on the stock. Evercore upgraded Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. UBS Group raised their price target on Tesla from $364.00 to $442.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, BTIG Research downgraded Tesla to a “neutral” rating in a research report on Friday, June 5th. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and an average price target of $408.07.

Get Our Latest Stock Report on Tesla

Tesla Trading Down 0.0% TSLA opened at $380.79 on Monday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $409.41 and its two-hundred day moving average is $405.63. The company has a market capitalization of $1.43 trillion, a P/E ratio of 349.35, a PEG ratio of 13.08 and a beta of 1.80. Tesla, Inc. has a 52 week low of $297.82 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 EPS. Analysts forecast that Tesla, Inc. will post 1.34 earnings per share for the current year.

Insider Activity In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the sale, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 32,015 shares of company stock valued at $12,383,640. Insiders own 19.90% of the company’s stock.

Tesla Company Profile (Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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

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Posted by Defense World Staff on Jul 20th, 2026

Dimensional Fund Advisors LP boosted its position in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,822,295 shares of the company’s stock after buying an additional 235,785 shares during the period. Dimensional Fund Advisors LP owned 0.44% of CocaCola worth $1,431,495,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Anfield Capital Management LLC boosted its stake in shares of CocaCola by 438.8% in the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after acquiring an additional 294 shares during the last quarter. Louisbourg Investments Inc. acquired a new position in CocaCola in the 1st quarter valued at $25,000. Headlands Technologies LLC acquired a new position in CocaCola in the 2nd quarter valued at $26,000. Evolution Wealth Management Inc. lifted its holdings in CocaCola by 1,081.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after purchasing an additional 357 shares in the last quarter. Finally, Daytona Street Capital LLC purchased a new position in CocaCola in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes KO has been the subject of a number of research reports. UBS Group upped their target price on shares of CocaCola from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday. Sanford C. Bernstein set a $83.00 price objective on shares of CocaCola in a research note on Thursday, July 9th. Truist Financial set a $88.00 price objective on shares of CocaCola in a report on Friday, June 26th. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Finally, Barclays boosted their target price on CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Fifteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.81.

Get Our Latest Stock Report on KO

Insider Activity at CocaCola In other CocaCola news, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction on Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the sale, the executive vice president owned 223,330 shares in the company, valued at $18,074,096.90. The trade was a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 436,296 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $80.13, for a total value of $34,960,398.48. Following the completion of the transaction, the chairman directly owned 122,833 shares in the company, valued at approximately $9,842,608.29. This trade represents a 78.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 899,905 shares of company stock worth $71,832,315. Insiders own 0.90% of the company’s stock.

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

Positive Sentiment: Heavy call-option activity suggests traders are positioning for a rebound or expecting volatility around the stock. Traders bought 75,333 call options, well above the recent average. Quiver Quant article on Coca-Cola options activity and cyberattack Neutral Sentiment: Some coverage noted KO benefiting from its defensive profile as investors look for more stable dividend names ahead of earnings, which may be helping support interest in the stock despite the cybersecurity issue. Benzinga article on Coca-Cola stock movement Neutral Sentiment: Coca-Cola also announced a quarterly dividend, reinforcing its appeal as a high-quality income stock, though this is unlikely to be the main driver of today’s trading. Negative Sentiment: The fairlife cyberattack is the key negative catalyst, since it hit a growth brand and temporarily suspended U.S. production, raising fears of lost revenue and added recovery costs. Reuters article on fairlife production halt CocaCola Stock Down 0.1% NYSE KO opened at $81.50 on Monday. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $85.68. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. The business’s fifty day simple moving average is $81.25 and its 200-day simple moving average is $77.68. The firm has a market cap of $350.65 billion, a PE ratio of 25.63, a P/E/G ratio of 3.26 and a beta of 0.34.

CocaCola (NYSE:KO – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $12.47 billion during the quarter, compared to analyst estimates of $12.24 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. CocaCola’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, equities analysts anticipate that CocaCola Company will post 3.26 earnings per share for the current year.

CocaCola Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola’s payout ratio is presently 66.67%.

About CocaCola (Free Report)

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

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

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Posted by Defense World Staff on Jul 20th, 2026

Childress Capital Advisors LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,936 shares of the e-commerce giant’s stock after selling 4,046 shares during the quarter. Amazon.com comprises 1.4% of Childress Capital Advisors LLC’s portfolio, making the stock its 14th biggest holding. Childress Capital Advisors LLC’s holdings in Amazon.com were worth $7,693,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MilWealth Group LLC raised its position in shares of Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after buying an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. purchased a new stake in Amazon.com during the fourth quarter valued at approximately $45,000. Elkhorn Partners Limited Partnership raised its position in Amazon.com by 900.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 180 shares during the period. Fairway Wealth LLC lifted its stake in shares of Amazon.com by 95.6% in the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 108 shares during the last quarter. Finally, Prudent Man Investment Management Inc. boosted its holdings in shares of Amazon.com by 87.7% in the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 107 shares during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In AMZN has been the topic of several analyst reports. UBS Group set a $315.00 target price on Amazon.com in a research report on Monday, June 1st. Truist Financial lifted their price objective on shares of Amazon.com from $310.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Morgan Stanley boosted their price objective on shares of Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Maxim Group increased their target price on shares of Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Guggenheim restated a “buy” rating and issued a $320.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.76.

View Our Latest Stock Analysis on AMZN

Amazon.com Price Performance Shares of AMZN stock opened at $247.27 on Monday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $250.83 and a two-hundred day simple moving average of $235.96. The stock has a market capitalization of $2.66 trillion, a price-to-earnings ratio of 29.58, a P/E/G ratio of 1.84 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.15. The firm had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 7.75 EPS for the current fiscal year.

Insider Transactions at Amazon.com In other news, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the transaction, the chief executive officer directly owned 14,159 shares in the company, valued at approximately $3,729,480.60. This trade represents a 52.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of Amazon.com stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $262.38, for a total transaction of $620,003.94. Following the transaction, the vice president directly owned 119,780 shares in the company, valued at approximately $31,427,876.40. The trade was a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 144,274 shares of company stock worth $38,716,204. Insiders own 8.90% of the company’s stock.

Trending Headlines about Amazon.com Here are the key news stories impacting Amazon.com this week:

Positive Sentiment: Amazon’s AWS and AI spend remain a major growth story, with reports of a roughly $200 billion 2026 AI investment plan and large future commitments for Trainium chips supporting the bullish thesis. Andy Jassy Says Amazon’s Chip Business Already Has $225 Billion in Commitments Positive Sentiment: Analysts remained upbeat on Amazon, with fresh coverage and higher targets pointing to continued confidence in AWS re-acceleration and AI-driven earnings growth. KeyBanc Raises Amazon Stock’s Price Target Ahead of Earnings: Here’s What to Watch Positive Sentiment: June retail sales and online spending were strong, which is a helpful signal for Amazon’s e-commerce business heading into back-to-school season. 5 Solid Stocks to Boost Your Portfolio as Retail Sales Continue to Surge Neutral Sentiment: Amazon is still being compared favorably in the “Magnificent Seven” and AI hyperscaler debates, which keeps the stock in focus but is more commentary than a direct catalyst. The Race to Beat Nvidia: Does Google or Amazon Have the Better In-House Silicon Negative Sentiment: Zoox recalled 105 robotaxis after a software issue involving heavy smoke detection, adding a near-term headline risk to Amazon’s autonomous vehicle unit. Zoox recalls self-driving cars because they may not detect smoke Negative Sentiment: An AWS billing bug briefly generated wildly inflated invoices for some customers, which could dent sentiment around cloud reliability even though Amazon says it is fixing the issue. Amazon fixing bug that billed some AWS customers billions of dollars Amazon.com Profile (Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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

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Microsoft (NASDAQ: MSFT | MSFT Price Prediction) and Amazon (NASDAQ: AMZN) both reported on April 29, 2026, revealing two different clocks running on AI cloud ROI. Microsoft is already cashing checks on Copilot and Azure. Amazon is pouring concrete, buying chips, and stringing power. The gap between them is the gap between a software business and an infrastructure project.

Copilot Is Paying Today. Trainium Is Paying Tomorrow. Microsoft’s Intelligent Cloud segment hit $34.68B, and Satya Nadella framed the payoff plainly: “Our AI business surpassed an annual revenue run rate of $37 billion, up 123% year-over-year.” Paid Copilot seats reached over 20 million, with Accenture alone taking 740,000. That is SaaS revenue landing the same quarter the GPUs light up.

Amazon’s picture is heavier. AWS grew 28% to $37.59B, its fastest pace in 15 quarters, and the Trainium chip business crossed a $20 billion run rate. But Q1 capex ran $44.2 billion against just $26.0 billion in operating cash flow, producing negative free cash flow of $18.2 billion. Andy Jassy did not flinch: “We have high confidence this will be monetized well, as we already have customer commitments for a substantial portion of it.”

Business Driver Microsoft Amazon AI Run Rate $37B $15B+ AI, $20B chips 2026 Capex Plan ~$190B ~$200B Backlog / RPO $627B $364B Operating Margin 45.6% 11.2% Software Velocity vs. Silicon Ownership Microsoft converts capex into revenue almost immediately because Copilot rides on existing seats. Gross margin sits at 68.8%, and the RPO backlog of $627B gives Amy Hood visibility other CFOs would trade a kidney for. Amazon’s payoff is structural. Jassy told investors “Trainium will save us tens of billions of dollars of CapEx each year and provide several hundred basis points of operating margin advantage” at scale. With over $225 billion in Trainium commitments from Anthropic, OpenAI, and others, AWS is pre-selling the capacity it is building.

Why 2027 Is the Crossover Jassy laid out the math: “The free cash flow and ROIC for these investments are cumulatively quite attractive a couple of years after being in service.” Chips and servers depreciate over five to six years, data centers over 30-plus. The 2025 to 2026 capex wave, $131.8B in FY25 alone, starts generating full revenue as those assets enter service in mid-to-late 2027. That is when Amazon’s owned silicon compounds against Microsoft’s ongoing NVIDIA and OpenAI cost obligations.

Why I Own the Wait on Amazon If I want stability and clean cash generation right now, Microsoft is the cleaner pick. Free cash flow yield of 2.4%, dividends intact, and Copilot economics already proven. Down 16.69% YTD, the market has punished the capex line without fully crediting the monetization.

But I lean Amazon for 2027. You are paying today’s price for tomorrow’s margin curve, and Jassy’s chip stack looks like the most underappreciated ROI lever in the group. I would change my view if Trainium3 slips or memory costs stay stuck. Absent that, the crossover looks real.

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

Contact [email protected] for any questions or corrections.

Nasdaq futures gained 0.74%, while S&P 500 futures advanced 0.31%, with investors also turning their attention to AMD’s AI-focused event later this week.

The chipmaker’s Advancing AI 2026 event, scheduled for July 22-23, is expected to showcase its next-generation AI roadmap, including new CPUs and GPUs, as AMD looks to strengthen its position in the fast-growing AI infrastructure market.

UBS Expects Technology Roadmap To Take Center StageUBS said the event is likely to focus on technology updates rather than major customer wins or financial announcements, according to a Moomoo report published Monday.

The firm expects AMD to provide updates on its data center CPU roadmap, including Venice and Verano, alongside its GPU lineup featuring MI450x and MI500.

AI Momentum Remains A Key Growth DriverUBS expects AMD to share additional details on the MI450x Helios platform, the MI500 series and possibly early information on MI600. The firm also anticipates updates on AMD’s distributed inference strategy and a more constructive outlook for the server CPU market.

The stock has a consensus Buy rating with an average analyst price forecast of $521.47. Recent analyst actions include:

Bank of America: Buy, raised price forecast to $620 on July 14 KeyBanc: Overweight, raised price forecast to $725 on July 14 TD Cowen: Buy, raised price forecast to $675 on July 13 AMD Top ETF ExposureSignificance: Because AMD carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

AMD Price ActionAMD Stock Price Activity: Advanced Micro Devices shares were up 2.87% at $510.00 during premarket trading on Monday, according to Benzinga Pro data.

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AI stocks are mounting a comeback as investors get over the worst of their fears about cheap Chinese large-language models.

A Riyadh Air Boeing 787-9 Dreamliner is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights, opens new tab

FARNBOROUGH, England, July 20 (Reuters) - Saudi Arabia's Riyadh Air placed orders for 34 widebody aircraft with both Boeing (BA.N), opens new tab ​and Airbus (AIR.PA), opens new tab on Monday, as it accelerates ‌its plans to reach more than 100 destinations by 2030.

The airline said it would exercise options for 28 Boeing ​787 Dreamliners from an order placed in 2023 ​and convert 20 of those options into ⁠the larger 787-10 variant.

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

Separately, the carrier confirmed the ​purchase of six Airbus A350-1000 aircraft, firming up ​previously held purchase rights and bringing its total confirmed A350-1000 orders to 31 aircraft.

The aircraft orders, the first announced at ​this year's Farnborough Airshow, come as Riyadh Air ​ramps up operations following the launch of several new routes ‌since ⁠June, seeking to establish Riyadh as a major hub to compete with larger Middle Eastern rivals.

The carrier has already taken delivery of six 787-9 aircraft ​and currently ​serves six ⁠cities.

Backed by Saudi Arabia's sovereign wealth fund, Riyadh Air is central to the ​kingdom's strategy to diversify its economy ​beyond oil ⁠and boost tourism and connectivity under its Vision 2030 plan.

The carrier has said it aims to ⁠connect ​the Saudi capital to more than ​100 destinations worldwide by the end of the decade.

Reporting by ​Shivansh Tiwary in Farnborough, England; Editing by Sharon Singleton

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

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

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

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

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

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

About SMBC

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

About Boeing

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

Contact
Boeing Media Relations
[email protected]

SOURCE Boeing

Philippines flag carrier will grow its regional network with the 787-10 Airline to place its largest ever widebody order to support fleet modernization , /PRNewswire/ -- Boeing [NYSE: BA] and Philippine Airlines today announced the flag carrier has committed to order up to 20 787 Dreamliner jets. Once finalized, the agreement for 15 787-10 airplanes, with opportunity to purchase five more, will support Philippine Airlines' fleet modernization and expansion plans.

Boeing and Philippine Airlines today announced at the Farnborough Airshow the flag carrier has committed to order up to 20 787 Dreamliner jets. "This investment manifests our confidence in the future of Philippine Airlines and the continued growth of air travel. The Boeing 787-10 will strengthen our medium and long-haul fleet, allowing us to provide an even better travel experience for our customers while improving operational efficiency and supporting our long-term sustainability goals," said Lucio C. Tan III, president and chief operating officer of PAL Holdings, Inc. "As Asia's first and longest serving airline, we proudly celebrated our 85th anniversary earlier this year. An equally meaningful milestone that we celebrate this year is 80 years of partnership between Philippine Airlines and Boeing." 

The 787-10 will complement PAL's fleet of 10 777 jets by expanding operational flexibility across the airline's medium- and long-haul route network. Delivering unmatched fuel efficiency with the lowest operating cost per seat of any widebody jet, the 787's composite design yields 25% less fuel use than the airplanes it typically replaces.

"Philippine Airlines' selection of the 787 Dreamliner marks an important step forward in our partnership, one that spans 80 years," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "We're grateful for PAL's trust in Boeing, and our team looks forward to delivering advanced-technology airplanes that deepen connections across the Philippines, Asia and beyond."

As the largest variant of the 787 family, the 787-10 can fly 300-375 passengers up to 13,890 km (7,500 nautical miles), enabling PAL to meet rising travel demand. Passengers travel in enhanced comfort with the 787's design features, including the largest dimmable windows of any commercial jet, higher cabin humidity for less-dry air and technology that helps reduce turbulence for a smoother journey.

About Philippine Airlines
Philippine Airlines (PAL) is the Philippines' flag carrier and the country's only full-service network airline. Founded in 1941, PAL is Asia's first commercial airline and has played a vital role in connecting the Philippines to the world for over 85 years. PAL operates scheduled nonstop flights from its hubs in Manila and Cebu to 29 destinations across the Philippines and 40 destinations in Asia, North America, Australia, and the Middle East. PAL is an APEX Four Star™ airline and was recognized by Cirium for achieving the highest on-time performance among Asia-Pacific carriers in 2025. In 2026, Philippine Airlines was officially invited to join the oneworld® Alliance.

About Boeing 
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity. Boeing maintains an 80-year presence with the Philippines, learn more here.

Contact
Amber Mizerak
Commercial Sales Communications, Southeast Asia & Oceania
[email protected]

Boeing Media Relations
[email protected]

SOURCE Boeing

Beam Wealth Advisors Inc. lessened its position in shares of NVIDIA Corporation (NASDAQ: NVDA) by 21.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 49,363 shares of the computer hardware maker's stock after selling 13,534 shares during the quarter. NVIDIA makes up approximately 2.1% of

After being the most valuable company in the world for years, Apple (AAPL +0.26%) was kicked down to second place and even third place by Nvidia and Microsoft over the past two years.

But after languishing in market underperformance last year, it's suddenly become a hot stock again. Investor sentiment has taken a positive turn as iPhone sales soar and Apple makes moves to stay dominant in its space, and it's just a hairsbreadth away from reclaiming the title of most valuable company in the world. In fact, it could reach it as you read this.

Image source: Apple.

As of this writing, Apple has a market cap of $4.89 trillion vs. Nvidia's $4.91 trillion, a difference that normally wouldn't even show up with rounding. The gap has been narrowing, with Apple stock up 12% over the past month, while Nvidia stock is down 4%. To get back up on top, Apple stock needs to gain less than 1%. If current market sentiment persists, it's going to happen quickly.

Why Apple is up -- and why Nvidia is down The market is prizing Apple's safety and model right now. The artificial intelligence (AI) landscape is changing by the minute, and the market has been worried about gargantuan hyperscaler AI spend. Apple has largely stayed out of it, focusing on its hardware and making deals with AI companies to bring Apple Intelligence to life.

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At the same time, the market is worried about how Nvidia is going to fare as AI continues to change, especially because a lot of growth has already been built into its stock price.

What happens next? Market sentiment is fickle, but Apple has proved itself many times over the decades, and it's proving itself once again.

Jennifer Saibil has positions in Apple. The Motley Fool has positions in and recommends Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.

Posted by Defense World Staff on Jul 20th, 2026

Dimensional Fund Advisors LP grew its position in shares of AT&T Inc. (NYSE:T – Free Report) by 0.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,056,268 shares of the technology company’s stock after purchasing an additional 54,362 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.72% of AT&T worth $1,451,033,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in AT&T by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after buying an additional 3,585,661 shares during the last quarter. State Street Corp grew its position in AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after acquiring an additional 8,314,678 shares during the last quarter. Bank of America Corp DE grew its position in AT&T by 3.5% during the fourth quarter. Bank of America Corp DE now owns 119,742,478 shares of the technology company’s stock valued at $2,974,403,000 after acquiring an additional 4,079,062 shares during the last quarter. Norges Bank purchased a new position in shares of AT&T during the fourth quarter worth approximately $2,181,977,000. Finally, Bank of New York Mellon Corp raised its stake in shares of AT&T by 12.7% during the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock worth $2,109,443,000 after acquiring an additional 8,197,935 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Down 0.1% Shares of AT&T stock opened at $21.79 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The company’s 50 day moving average price is $22.98 and its 200-day moving average price is $25.30. The stock has a market capitalization of $151.38 billion, a price-to-earnings ratio of 7.31, a P/E/G ratio of 0.86 and a beta of 0.24.

AT&T (NYSE:T – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.32 EPS for the current year.

AT&T Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a $0.2775 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.1%. AT&T’s payout ratio is presently 37.25%.

Analysts Set New Price Targets Several research firms recently commented on T. BNP Paribas Exane reduced their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Wells Fargo & Company initiated coverage on shares of AT&T in a research note on Wednesday, July 8th. They issued an “underweight” rating and a $18.00 price target for the company. Morgan Stanley cut their price target on shares of AT&T from $30.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Citigroup raised their price objective on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research note on Monday, March 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.34.

Get Our Latest Report on T

AT&T News Summary Here are the key news stories impacting AT&T this week:

Positive Sentiment: Analysts have recently raised earnings estimates for AT&T, and several firms maintain price targets well above the current share price, including a new $29.25 target from Scotiabank and a median target around $25.50. This suggests Wall Street still sees upside if execution stays on track. Analysts Set AT&T Inc. (NYSE:T) Target Price at $29.68 Positive Sentiment: Erste Group Bank lifted its FY2026 and FY2027 EPS estimates for AT&T, reinforcing expectations that earnings remain stable and could support valuation ahead of the report. Positive Sentiment: AT&T said its AI-based network outage prevention system cut customer downtime by more than 12 million hours, highlighting improving network reliability and a potential operational advantage. AT&T built an AI system to prevent network outages. It reduced customer downtime by more than 12 million hours Positive Sentiment: Recent commentary ahead of earnings points to continued expansion in fiber, enterprise connectivity, and connected-car offerings, which could help offset slower growth in wireless. Neutral Sentiment: Investor and hedge-fund activity appears mixed: some large funds have added to AT&T, while others reduced exposure, suggesting the name remains widely watched but not universally favored. Neutral Sentiment: AT&T also disclosed modest lobbying activity tied to telecom regulation, broadband support, and spectrum issues. That is important for the business, but it is not a near-term earnings catalyst. Negative Sentiment: Competition in telecom remains intense, and several recent articles emphasize that AT&T still has questions to answer on growth and execution heading into earnings. That uncertainty is likely weighing on shares. Negative Sentiment: Some analyst targets remain below the current trading range, including recent calls from Wells Fargo and Scotiabank in the high teens to low $20s, showing that not all analysts believe the rally is fully justified. AT&T Profile (Free Report)

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.

Read More Five stocks we like better than AT&T Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T – Free Report).

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SummaryNetflix is evolving into a global consumer-tech platform with software-like economics, pricing power, and low direct AI disruption risk.NFLX demonstrates rare low-teens revenue growth and 30%+ operating margins at scale, supported by pricing, ads, and international expansion.Advertising and pricing power are expanding NFLX’s monetization ceiling, enabling growth beyond subscriber additions and enhancing free cash flow prospects.At the current valuation, NFLX offers a quality compounder profile with credible mid-teens to high-20s upside, though risks include growth deceleration, YouTube competition, and ad execution. Wachiwit/iStock Editorial via Getty Images

Netflix, Inc. (NFLX) stock is a very interesting setup here because the stock has started to trade as if it belongs in the disrupted-media basket, while the P&L still looks like one of the

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