I keep buying Seagate because every time I look at what it costs a hyperscaler to store a petabyte, the math ends at the same place, and my brokerage account ends at the same button. The core of my conviction rests on physics turned into a bill of materials. Seagate’s HAMR-based Mozaic platform lets it pack more terabytes onto the same platters, using roughly the same parts, and that is the cheapest way to hold the ocean of data the AI era keeps generating.
CEO Dave Mosley described the mechanics plainly on the March quarter call: “Mozaic 4 can deliver up to 44 terabytes per drive, over 30% more capacity compared to the first-generation Mozaic drives, which we achieved with the same number of disks and heads with minimal change to the bill of materials.” More capacity, same parts. That is a cost curve I want to own.
The Receipts Behind the Conviction The financials are catching up to the technology. In fiscal Q3 2026, Seagate Technology (NASDAQ:STX | STX Price Prediction) posted revenue of $3.11 billion, up 44.07% year over year, non-GAAP EPS of $4.10, and non-GAAP gross margin of 47.0%, up from 36.2% a year earlier. Free cash flow reached $953 million versus $216 million in the prior year quarter. During the same three months the company retired $641 million of debt and returned $191 million to shareholders through dividends and buybacks.
Visibility is the second reason I keep adding. Mosley said “Our nearline exabyte production capacity is largely spoken for through the middle of next calendar year.” Management guided Q4 FY2026 revenue to $3.45 billion and non-GAAP EPS to $5.00 at the midpoint. The third reason is the dividend. Seagate pays a quarterly dividend of $0.74, most recently paid July 7, 2026, and it is now backed by real cash generation rather than balance sheet gymnastics.
Why Not Western Digital or Micron The two names a reader would reach for first are Western Digital (NASDAQ:WDC) and Micron (NASDAQ:MU). I passed on both. Western Digital is the direct HDD peer, but Seagate got to volume HAMR first with Mozaic drives shipped for revenue to 75% of the leading global cloud customers in the March quarter. That head start on areal density shows up in Seagate’s 47% non-GAAP gross margin, a level WDC’s HDD unit has not matched. Micron sells flash, and flash still costs multiples per terabyte of what a Mozaic 4 platter costs. For nearline mass capacity, SSDs are the wrong tool at the wrong price. If storing agentic AI’s history is the job, HDDs win the economics, and Seagate builds the best of them.
The Risk I Am Not Ignoring Insider activity has leaned toward net selling recently, with 243 recent insider transactions trending that way, and Seagate carries real cyclicality plus disclosed exposure to tariff and trade policy uncertainty and BIS settlement payments. I take that seriously. What keeps me buying anyway is the build-to-order book: capacity sold, pricing set, and mix locked in. Cyclicality bites hardest when supply outruns demand. Right now demand is outrunning supply.
Forward Conviction Analyst consensus sits at $975.13 against a current price of $878.31, and the forward P/E is 37. Until someone matches Mozaic’s cost-per-terabyte, my capital keeps riding the toll road that AI’s data exhaust has to travel.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Seagate Technology didn't make the cut. Grab the names FREE today.
MAYODAN, N.C.--(BUSINESS WIRE)--Sturm, Ruger & Company, Inc. (NYSE: RGR) will announce its financial results for the second quarter 2026 and file its Quarterly Report on Form 10-Q on Wednesday, July 29, 2026, after the close of the stock market. That evening, Sturm, Ruger will host a webcast at 4:30 p.m. ET to discuss the second quarter 2026 operating results. Interested parties can listen to the webcast via this link. Those who wish to ask questions during the webcast will need to pre-regi.
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Stock Market Jumps As Inflation Eases; IBM Warns, But Chip, Security Software Names Fly Powell Industries and Nextpower — industrial power players turned data center stocks — climbed Wednesday after analysts elevated their ratings and as AI-driven demand gobbles up the narrative. GLJ Research upgraded industrial power systems maker Powell Industries (POWL) to a buy rating. The stock rallied more than 3.5%. Nextpower (NXT), which provides utility-scale solar infrastructure, swung nearly 5% higher. It…
Now that the IPO hype surrounding Space Exploration Technologies (SPCX 0.61%), better known as SpaceX, has died down, investors may be better able to analyze the stock for what it is. Furthermore, it's priced at less than $140 per share, and is near the lowest price that retail investors have been able to buy it at. If you've got $1,000 sitting around waiting to be invested, is SpaceX the perfect stock to buy right now? Or are there better options out there?
Image source: The Motley Fool.
SpaceX is already quite large First, let's discuss what qualifies as a "life-changing" return on an investment. I'd consider that to be something along the lines of a tenfold to hundredfold return, or turning $1,000 into $10,000 to $100,000. If that's what investors are looking for with SpaceX, they may be sorely disappointed. Currently, it has a market cap of about $1.8 trillion. So a tenfold return from here would be a $18 trillion company -- more than Nvidia (NVDA +0.29%), Apple (AAPL +3.95%), Alphabet (GOOG +3.60%) (GOOGL +3.15%), and Microsoft (MSFT +2.70%) combined at their current valuations. An outcome like that is probably a bit too far-fetched to expect.
However, could SpaceX still be a solid investment that consistently beats the market? I think that's a much more realistic expectation.
SpaceX's business has three core segments: artificial intelligence (AI), connectivity, and space. Space is the component that most recognize, as SpaceX regularly launches payloads into orbit with its Falcon rockets, and the company has well-publicized grand plans to colonize Mars and perform other activities in space. Its AI unit is also well defined, as SpaceX purchased xAI, the company that developed the Grok large language model, shortly before going public. The connectivity division may have investors questioning it a bit more, but it's currently SpaceX's most important division.
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The connectivity unit's business is mostly centered on Starlink, a satellite-powered broadband service that gives users access to high-speed internet practically wherever they are in the world. This is SpaceX's most important division: Its revenue grew by 50% to $11.4 billion in 2025, accounting for more than half of SpaceX's total top line. For comparison, the space business had revenue of $4.1 billion and grew only 8% year over year. Its AI division had revenue of $3.2 billion, growing at a 22% rate. (The AI division's revenues also include ads from X, formerly known as Twitter).
As of now, SpaceX is primarily a telecommunication business. Those historically haven't been the greatest investments, and although there is a lot of hype surrounding its other divisions, that's what it boils down to. As a result, I think SpaceX may struggle for a bit, as its valuation is quite high for a company that's essentially currently a telecom. Now, if SpaceX can achieve other goals in space and AI, my opinion may change, but as of now, I don't think it's the best investment option out there.
Keithen Drury has positions in Alphabet, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.
PLYMOUTH, Mass., July 15, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the grand opening of the highly anticipated model home at its Toll Brothers at The Pinehills - Broadleaf townhome community in Plymouth, Massachusetts. Home shoppers are invited to visit the new Davis model home, located at 15 Station Drive in Plymouth, to explore the sophisticated architecture and exquisite interior design showcased in this charming community.
Toll Brothers at The Pinehills - Broadleaf offers a collection of luxurious townhomes starting from the upper $800,000s. These thoughtfully designed homes feature open-concept floor plans with first-floor primary bedroom suites, versatile lofts, flex rooms, full basements with finishing options, and elegant outdoor living spaces. The three home designs range from 2 to 3 bedrooms and up to 4 bathrooms, with 2-car garages included in every home.
"Toll Brothers at The Pinehills - Broadleaf presents an extraordinary opportunity for home shoppers to enjoy a low-maintenance lifestyle in a beautiful New England setting with unmatched amenities and a prime location," said Ryan O'Rourke, Division President of Toll Brothers in Massachusetts. "Our newly opened model home showcases the perfect combination of luxury design and functionality, offering inspiration for home shoppers looking to personalize their dream home."
Located within the award-winning Pinehills master-planned community, residents enjoy access to The Stonebridge Club, two championship public golf courses, tennis courts, and scenic walking trails. The community is just steps from The Village Green, which offers shopping, dining, and everyday conveniences. Situated minutes from Route 3, this location also provides easy access to Boston, Cape Cod, and the surrounding area.
Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.
Quick move-in homes with Designer Appointed Features are also available, offering home shoppers the opportunity to move into their new home as early as August 2026. These homes include professionally curated fixtures and finishes, ensuring a seamless blend of style and functionality.
For more information and to schedule an appointment to tour the new model home, call 866-232-1632 or visit TollBrothers.com/MA.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.
Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.
Apple (AAPL) is reportedly exploring acquisitions in the AI chip sector as it looks to strengthen its artificial intelligence capabilities, according to The Inf
Shares of Apple (NASDAQ:AAPL | AAPL Price Prediction) are up 4% Wednesday afternoon to a fresh record of $327, extending a rally that now has Apple stock up 20% year to date (YTD). The move puts Apple on pace for its 15th intraday record of 2026 and lifts the company’s market value to nearly $5 trillion.
Apple has added more than half a trillion dollars in market value this month alone, leading the Dow Jones into mid-July. The move sits on top of a trailing-12-month P/E ratio of 39.67x, a premium multiple that raises the bar for the next leg higher. With shares now flirting with $330, the natural question for Apple investors is what it would actually take to punch through $350.
Catalyst: Citi Lifts AAPL’s Price Target to $365 The immediate spark is a fresh Wall Street endorsement. Citi analyst Asiya Merchant raised her AAPL price target to $365 from $315 on July 13, maintaining a Buy. Her thesis leans on record smartphone share of 25%, continued PC share gains, and pricing power evidenced by management’s gross margin guide of 48% to 49% despite the memory-chip shortage squeezing rivals that buy on the spot market.
Services stickiness is the other pillar. Apple posted an all-time Services revenue record of $30.98 billion in Q2 FY2026, alongside iPhone revenue of $56.99 billion and revenue growth of 17% year over year (YoY). A smarter Siri, framed as the tool that keeps users inside the ecosystem, is Citi’s perceived mechanism for compounding that recurring revenue.
What Would It Take for AAPL to Hit $350? From here, $350 is another meaningful leg higher, and the model math tells a nuanced story. Our internal framework pegs a base-case one-year target of $359 with a BUY rating and 10% upside, with a bull case of $411 and a bear case of $305. Citi is at $365, and JPMorgan sits at $345.
The tension is that Wall Street’s average target is only $317, which is already below where Apple stock trades. Apple has effectively run past the consensus estimate, so a move to $350 requires the bullish drivers to keep delivering: iPhone 17 momentum, Services growth in the mid-teens, and margin expansion despite input-cost headwinds. The prediction markets echo the caution, with only a 0.395 probability of AAPL hitting $344 during July.
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The bear case is worth noting for AAPL stock. It rests on the premium 39.67x valuation, that below-market consensus target, memory-cost pressure that could compress product gross margin, softer smartphone and PC end markets, and Apple’s recently filed lawsuit against OpenAI over alleged trade-secret theft. Investors weighing their position sizes should treat $350 as achievable but not automatic.
Peers and the Broader Rally Apple stock isn’t moving alone atop the Dow. Goldman Sachs (NYSE:GS) and Chevron (NYSE:CVX) are the index’s other July leaders for very different reasons. Goldman Sachs stock is up 30% YTD after posting record Q2 2026 diluted EPS of $20.98, and Chevron stock is up 19% YTD on the crude oil recovery.
Mega-cap tech is broadly participating, including NVIDIA (NASDAQ:NVDA), with NVIDIA stock up 13% YTD on sustained AI-infrastructure demand. For diversified exposure with Apple as a top holding, the NASDAQ 100 tracking Invesco QQQ Trust (NASDAQ:QQQ) captures the mega-cap-tech theme, though the ETF remains concentrated in a handful of names, which cuts both ways when leadership narrows.
What to Watch The next real test comes fast. Apple reports its Q3 FY2026 earnings on July 30, with the consensus estimate calling for EPS of $1.88, up 20% YoY. Citi frames the iPhone 18 launch in September as the key sentiment inflection for the second half, and Polymarket assigns a 97% probability that the launch happens this year.
Investors can watch for whether Apple’s gross margin guidance holds through the memory-cost squeeze, whether Services stays in the mid-teens growth zone, and whether the pace of the $100 billion buyback authorization keeps supporting the tape. Given the roughly 39x multiple and a consensus target sitting below the stock, investors should consider keeping their AAPL stock position sizes modest and adding on pullbacks rather than chasing record closes. A move to $350 is well within reach if the bullish drivers keep firing, but it’s the July 30 earnings report, not today’s tape, that could decide whether this rally will persist in the long run.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Apple didn't make the cut. Grab the names FREE today.
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I keep clicking buy on Apple (NASDAQ:AAPL | AAPL Price Prediction), and the hardware bears keep giving me reasons to do it again. Every quarter someone declares the iPhone cycle exhausted. Every quarter Apple hands me another record and I add to the position.
The conviction is simple. Apple sells hardware that a 2.5 billion active device installed base refuses to abandon, then rents that same base a growing bundle of high-margin services. Bears keep pricing this as a maturing phone company. I keep pricing it as a compounding annuity with a chip designer attached.
The Receipts I Keep Coming Back To Start with the hardware. In the March quarter, iPhone revenue hit $56.994 billion, a March record, with Tim Cook citing 22% year over year growth and 99% US customer satisfaction on the iPhone 17 family. Total revenue came in at $111.184 billion, up 16.6% year over year, with double-digit growth in every geographic segment. Demand like that speaks for itself.
Then Services. Revenue reached $30.976 billion at a 76.7% gross margin. That mix keeps expanding, and it keeps decoupling Apple’s earnings from any single phone launch. EPS of $2.01 beat the $1.9404 estimate, making it 8 consecutive quarters of beats.
The third leg is the capital return machine. The board authorized a fresh $100 billion buyback and lifted the dividend 4% to $0.27. Full fiscal year 2025 buybacks totaled $90.71 billion. On that shrinking share count, Apple posts 171.4% return on equity and 53.3% ROIC. Every dollar retained earns a return most companies cannot touch.
July 16 is the Final Day to Tap Into the Lithium Boom (sponsor)
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Here's why you should do the same before their July 16 investment deadline: lithium prices are up 75% this year, with demand projected to grow a staggering 5X by 2040.
With tech that can recover up to 3X more lithium than traditional methods, EnergyX is preparing to unlock up to 15M+ tons. Become a private-stage EnergyX investor before the July 16 deadline.
Why Not the Obvious AI Alternative The name a tech-focused reader reaches for first these days is NVIDIA (NASDAQ:NVDA). I own some, and I keep sending fresh cash to Apple anyway. One AI-focused podcast framed the setup plainly: “the market is actually in a way saying we want to pay less for Nvidia than a company like Apple that is very growth constrained” because with Apple “you know what you’re getting.” The hyperscalers are pouring capex into AI infrastructure with uncertain payback windows. Apple is spending on R&D at an accelerating rate, per Cook, while still returning tens of billions to me each quarter. Predictability at this scale is rare, and I will pay for it.
The Risk I Am Not Ignoring Greater China is the concern I sit with. The region softened to $14.49 billion in Q4 FY25 before recovering. The rebound has been fast: 33% growth in the first half of fiscal 2026 and a March record. Memory costs are climbing too, and Cook flagged a larger impact in the June quarter. Margins will feel it. The through-line still holds: an installed base compounding into a Services flywheel, backed by $62 billion in net cash. If you want to see how that Services momentum shows up in the numbers, our team pulled the receipts in 7 Stocks Powering the AI Boom (That Aren’t Chipmakers).
Why the Buy Button Stays Active Shares are up 51.53% over the past year and 1,300.24% over ten years at $314.86. I keep buying because the machine that produced those returns is still running: hardware people upgrade, services people pay for monthly, and a treasury that keeps buying its own stock back. The hardware bears will keep filing their obituaries. I will keep filing my trade tickets.
Meet America's Newest $1b Unicorn (Sponsor) A US startup just passed a $1 billion private valuation, joining billion-dollar private companies like OpenAI and ByteDance. Unlike those other unicorns, you can invest in EnergyX right now; but only until July 16.
Over 50,000 people already have, along with global giants like General Motors and POSCO.
Here's why there's so much interest: EnergyX's patented tech can recover up to 3X more lithium than traditional methods. That's a big deal, as demand for lithium is expected to 5X current production levels by 2040. Become an early-stage EnergyX shareholder before the 7/16 investment deadline.
Meta Platforms Inc. (NASDAQ:META) shares are extending their recent run on Wednesday. Here’s what you need to know.
Meta Platforms shares are advancing steadily. What’s pushing META stock higher? From Cautionary Tale to Market Darling in a Few WeeksThe backdrop to Wednesday’s move is a stunning reversal in sentiment that has unfolded over the past several weeks.
Wall Street had long treated commitments like Meta’s $50 billion-plus Hyperion data center expansion in Louisiana as a reckless use of capital with an unclear payoff. Boloor argues that once the market worked through the uncertainty around how that infrastructure would be financed and monetized, the stock earned a higher valuation multiple almost by default.
What has accelerated the rerating is evidence that Meta is moving from announcing infrastructure to actually shipping products built on top of it. The launch of its Muse Spark 1.1 model and the accompanying developer API gave investors a tangible signal that external AI monetization is no longer theoretical.
The Chart Says "Rebound," the Structure Says "Prove it"Technically, Meta is acting stronger in the near term than the longer-term backdrop would suggest. The stock is about 13% above the 20-day SMA at $597.84 and roughly 5% above the 200-day SMA at $641.36, a setup that usually signals a short‑run bullish lean in the tape.
The market, however, remembers the bigger picture. The 20-day SMA remains below the 50-day SMA, and the 50-day SMA is below the 200-day SMA, a death cross that formed in December 2025. In short, the bounce is real, but the trend reset is not finished.
Momentum indicators are at least cooperating. MACD is above its signal line and the histogram is positive, pointing to easing downside pressure compared with the prior downswing. That kind of improvement can keep dip‑buyers engaged until price runs into a level that forces conviction.
Where Bulls and Bears Will Actually FightThe next upside test is whether Meta can push through nearby resistance without stalling, especially with the stock still below its 52-week high of $796.25. For traders, the map is straightforward: a prove‑it zone overhead and a line in the sand underneath.
Key Resistance: $691.50, a nearby pivot where rebounds often stall, sitting just above current levels and close enough to matter quickly Key Support: $595.00, a prior buyer‑defense area that aligns with the broader pullback zone near the 20‑day SMA at $597.84 If the stock cannot hold that neighborhood on a pullback, the rebound narrative becomes far less convincing.
META Shares Are Moving HigherMETA Price Action: Meta shares were up 2.27% at $676.07 at the time of publication on Wednesday, according to Benzinga Pro.
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The National Transportation Safety Board (NTSB) said Wednesday that the driver of a Tesla who crashed into a house in June had pressed the accelerator pedal to 100%, overriding the company’s Full Self-Driving (Supervised) software.
Data recovered from the Tesla showed that the vehicle was traveling more than 70 miles per hour when it struck a house in Katy, Texas, killing 76-year-old resident Martha Avila, according to the NTSB. The family of the victim has since sued the alleged driver, 44-year-old Michael Butler, and Tesla, claiming negligence. Butler has also been charged with manslaughter.
The safety board shared the information as part of a preliminary report on the progress of its investigation into the crash. The National Highway Traffic Safety Administration is also probing the incident.
The data confirms Tesla’s account of the crash, which the company shared in the days after it happened in order to show that its advanced driver assistance system wasn’t to blame. “[T]his [allegation] makes no sense. FSD drives slowly through neighborhood streets and this was a high speed crash!” Tesla CEO Elon Musk wrote on X shortly after the crash.
The NTSB said Wednesday that the 44-year-old driver was using Full Self-Driving (Supervised) on Rose Hollow Lane, a residential two-lane road with a speed limit of 30 miles per hour, prior to the crash. Security camera footage obtained by the safety board showed the car accelerating through an intersection, leaving the road, and hitting the house. The “weather was clear, the roadway was dry, and daylight conditions were present,” according to the NTSB.
Tesla requires that drivers using Full Self-Driving (Supervised) pay attention to the road and be ready to take control at any moment. Butler allegedly told authorities that he had “passed out” and that he was using Tesla’s driver assistance system. Police reportedly discovered that his Google searches included the terms “Tesla FSD not aggressive enough 2026,” “Tesla not aggressive enough,” and “Tesla FSD too timid,” according to local ABC news affiliate station KTRK TV.
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Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
You can contact or verify outreach from Sean by emailing [email protected] or via encrypted message at okane.01 on Signal.
Battery X Metals has successfully completed a first-generation proprietary Tesla Model 3 and Model Y battery adaptor working prototype, marking a significant commercial readiness milestone for its patent-pending lithium-ion battery rebalancing platform. The Tesla Model 3 and Model Y represent one of the world's largest installed electric vehicle platforms and collectively account for more than half of the U.S. electric vehicle market, with the Model Y representing approximately 34.2% of U.S. EV sales and the Model 3 approximately 20.2%, reinforcing the strategic importance of compatibility with these battery architectures
The engineering validation program successfully confirmed the Tesla Adaptor's proprietary interface architecture, including mechanical fitment, dimensional accuracy, electrical interface alignment and standardized battery pack connectivity. Management believes this establishes a repeatable engineering framework to support future proprietary adaptor development across additional high-volume electric vehicle battery platforms.
Battery X Metals has commenced the next phase of development focused on advancing the Tesla Adaptor toward a production-oriented commercial product. As part of this initiative, the Company has acquired a Tesla Model 3 battery pack for dedicated research and development, engineering validation and working prototype testing while continuing to expand compatibility across additional high-volume electric vehicle battery platforms.
VANCOUVER, BC / ACCESS Newswire / July 15, 2026 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW0, WKN:A41RJF)("Battery X Metals" or the "Company") an energy transition resource exploration and technology company, announces that, further to its news release dated January 2, 2026, the Company's wholly-owned subsidiary, Battery X Rebalancing Technologies Inc. ("Battery X Rebalancing Technologies"), together with its strategic lithium-ion battery rebalancing hardware and software development partner, Beijing Pengneng Science & Technology Ltd. ("BJPN"), has successfully completed development of a first-generation proprietary Tesla Model 3 and Model Y battery adaptor working prototype (the "Tesla Adaptor").
Development of the First-Generation Tesla Adaptor
Building upon the Company's Tesla battery interface characterization program, as previously disclosed in its news release dated January 2, 2026, Battery X Rebalancing Technologies, in collaboration with BJPN, successfully developed the first-generation Tesla Adaptor working prototype. The prototype represents the initial physical implementation of the Company's proprietary digital engineering model, designed to establish a standardized interface with Tesla Model 3 and Model Y battery platforms.
The first-generation Tesla Adaptor was developed as an engineering validation prototype rather than a commercial production unit. This phase was undertaken to validate the Company's proprietary interface architecture by demonstrating that its digital engineering design could be successfully translated into a functional physical assembly capable of reliably interfacing with Tesla battery systems.
The successful completion of this development milestone confirmed key engineering objectives, including mechanical fitment, dimensional accuracy, electrical interface alignment, and standardized connectivity with Tesla battery packs. Collectively, these achievements validate the foundational interface architecture and establish an important engineering platform for the continued development, optimization, and future commercialization of the Company's battery rebalancing ecosystem.
Commercial Significance
The Tesla Model 3 and Model Y collectively represent one of the largest and most strategically significant electric vehicle platforms globally. Tesla is expected to surpass 10 million cumulative global vehicle sales during the third quarter of 2026.1 Of these cumulative deliveries, the Tesla Model 3 is estimated to account for approximately 3.50 million vehicles, while the Tesla Model Y is estimated to account for approximately 5.39 million vehicles.1 Together, the Tesla Model 3 and Model Y are estimated to represent approximately 8.89 million cumulative vehicle sales, accounting for approximately 89% of Tesla's expected cumulative global deliveries.2
Tesla continues to be the leading electric vehicle manufacturer in the United States, accounting for approximately 59.7% of the U.S. electric vehicle market as of January 2026.3 Within that market, the Tesla Model Y represents approximately 34.2% of all U.S. EV sales, while the Tesla Model 3 represents approximately 20.2%, collectively accounting for more than half of the U.S. electric vehicle market.3 Management believes focusing commercialization efforts on battery architectures supporting these market-leading vehicles positions the Company's battery rebalancing platform to address one of the largest installed electric vehicle populations in North America.3
Battery X Metals believes compatibility with these high-volume battery architectures represents a significant commercial readiness milestone in the Company's broader multi-platform commercialization strategy, supporting the expansion of its patent-pending lithium-ion battery rebalancing platform across one of the world's largest installed electric vehicle populations.
Through the development of proprietary adaptor solutions for leading electric vehicle battery architectures, the Company intends to establish a scalable compatibility ecosystem capable of supporting deployment across automotive service centres, dealership networks, fleet operators, and other commercial customers. The first-generation Tesla Adaptor represents a foundational milestone in executing this strategy, enabling standardized integration with one of the industry's largest battery platforms while expanding the addressable market for the Company's battery diagnostics, rebalancing, and battery lifespan extension technologies.
As millions of electric vehicles transition beyond their original battery warranty coverage, the Company believes demand for technologies that restore usable battery capacity, extend battery lifespan, and reduce total cost of ownership will continue to increase. By expanding compatibility across high-volume electric vehicle battery architectures, Battery X Metals believes it is well positioned to participate in the rapidly emerging battery lifecycle management market.
Next Steps
With completion of the foundational engineering validation phase, the Company has commenced the next stage of development focused on advancing the Tesla Adaptor toward a production-oriented commercial product. Future development activities are expected to include continued engineering optimization, industrial design refinement, material selection, manufacturability, durability enhancement, commercial product integration and ongoing interface validation to further optimize repeatability, reliability and compatibility across Tesla Model 3 and Model Y battery platforms.
The Company intends to continue expanding its proprietary adaptor portfolio and multi-platform compatibility across additional high-volume electric vehicle battery architectures as part of its long-term commercialization strategy. Management believes this systematic development approach strengthens the technical infrastructure supporting broader deployment of its patent-pending lithium-ion battery rebalancing platform while expanding its commercial applicability and serviceable addressable market.
As part of its next phase of development, the Company acquired a Tesla Model 3 battery pack from an arm's length third party for $500, plus applicable GST, for dedicated research and development purposes. The battery pack will be used to further refine the commercial version of the Company's proprietary Tesla Adaptor, conduct additional engineering validation, and perform working prototype testing under representative operating conditions. Management believes this in-house testing capability will support continued product optimization and accelerate development toward a production-oriented commercial product.
As part of its broader commercialization strategy, the Company intends to continue advancing its patent-pending lithium-ion battery rebalancing platform through additional software and hardware enhancements, engineering validation, product optimization and Underwriters Laboratories ("UL") certification. Development of the Tesla Adaptor is also expected to continue through additional hardware refinement, engineering validation and UL certification. The Company is currently evaluating the scope, timing and anticipated costs associated with these commercialization activities, including engineering, certification, manufacturing readiness and go-to-market initiatives. Commercialization of both the Company's battery rebalancing platform and the Tesla Adaptor remains subject to the completion of these development activities, receipt of UL certification, manufacturing readiness, execution of go-to-market initiatives, the availability of adequate capital resources and other customary commercialization requirements.
The Problem: Rising EV Adoption Presents New Battery Lifecycle Challenges
In 2024, global EV sales reached approximately 17.1 million units, representing a 25% increase from 2023.4 With cumulative global EV sales from 2015 to 2023 totaling an estimated over 40 million units,5 a significant share of the global EV fleet is expected to exit warranty coverage over the coming years. 6,7
By 2031, nearly 40 million electric, plug-in hybrid, and hybrid vehicles worldwide are anticipated to fall outside of their original warranty coverage.6,7 This projection is based on current EV adoption figures and standard industry warranty terms, and underscores a growing risk for EV owners facing battery degradation, reduced capacity, and costly replacement requirements.8 As the global EV fleet continues to expand, the demand for technologies that extend battery life, reduce long-term ownership costs, and support a sustainable transition to electric mobility is increasing.
The Solution: Pioneering Next-Generation Technologies to Support Lithium-Ion Battery Longevity
Battery X Rebalancing Technologies' proprietary software and hardware technology aims to address this challenge by extending the lifespan of EV batteries. This innovation is being developed with the aim to enhance the sustainability of electric transportation and the goal to provide EV owners with a more cost-effective, environmentally friendly ownership experience by reducing the need for costly battery replacements.
Battery X Rebalancing Technologies' rebalancing technology, validated by the National Research Council of Canada ("NRC"), focuses on battery cell rebalancing. The NRC validation demonstrated the technology's ability to effectively correct cell imbalances in lithium-ion battery packs, recovering nearly all lost capacity due to cell imbalance. The validation was conducted on battery modules composed of fifteen 72Ah LiFePO₄ cells connected in series. The cells were initially balanced to a uniform state of charge (SOC), with a measured discharge capacity of 71.10Ah. In the validation test, three of the fifteen cells were then artificially imbalanced-one cell was charged to a 20% higher SOC, and two cells were discharged to a 20% lower SOC-resulting in a reduced discharge capacity of 46.24Ah, representing a decrease of approximately 35%. Following rebalancing using Battery X Rebalancing Technologies' rebalancing technology, the battery module's discharge capacity was restored to 70.94Ah, representing the recovery of approximately 99% of the capacity lost due to cell imbalance.
These advancements establish Battery X Rebalancing Technologies as a participant in lithium-ion and EV battery solutions, aiming to tackle the critical challenges of capacity degradation of battery packs and expensive replacements. By extending the lifecycle of battery materials within the supply chain, Battery X Rebalancing Technologies aims to support the energy transition and promote a more sustainable future.
1 CleanTechnica, 2 Calculated by the Company based on estimated cumulative Tesla Model 3 and Model Y sales published by CleanTechnica, 3 Edmunds, 4 Rho Motion - Global EV Sales 2024, 5 IEA Global EV Outlook 2024, 6 IEA, 7 U.S. News, 8 Recurrent Auto
About Battery X Metals Inc.
Battery X Metals (CSE:BATX)(OTCQB:BATXF)(FSE:5YW0, WKN: A41RJF) is an energy transition resource exploration and technology company committed to advancing domestic battery and critical metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit batteryxmetals.com.
On Behalf of the Board of Directors
Massimo Bellini Bressi, Director
For further information, please contact:
Massimo Bellini Bressi
Chief Executive Officer
Email: [email protected]
Tel: (604) 694-9823
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this release relate to, among other things: the Company's business objectives, strategies and future plans relating to the continued development, optimization, refinement, engineering validation, manufacturing readiness and commercialization of its patent-pending lithium-ion battery rebalancing platform and proprietary battery adaptor technology; the significance of the successful completion of the first-generation proprietary Tesla Model 3 and Model Y battery adaptor working prototype; the anticipated benefits, commercial significance and scalability of the Company's proprietary battery adaptor architecture and multi-platform commercialization strategy; the continued development, validation, refinement, certification and commercialization of the Tesla Adaptor and additional proprietary battery adaptors for other electric vehicle battery platforms; the Company's ability to expand compatibility across additional high-volume electric vehicle battery architectures; the anticipated benefits of compatibility expansion activities; the commercial applicability and serviceable addressable market of the Company's battery lifecycle management technologies; the advancement of the Tesla Adaptor toward a production-oriented commercial product; the anticipated benefits of the Company's research and development activities, including engineering validation and working prototype testing utilizing the Tesla Model 3 battery pack; the evaluation of the scope, timing and anticipated costs associated with future commercialization activities, including engineering, certification, UL certification, manufacturing readiness, regulatory approvals and go-to-market initiatives; the anticipated growth of the out-of-warranty electric vehicle market; the expected demand for battery diagnostics, battery rebalancing and battery lifespan extension technologies; the Company's ability to obtain, maintain and protect intellectual property rights relating to its proprietary and patent-pending technologies; the anticipated commercial performance, customer adoption and market acceptance of the Company's technologies; and the Company's broader commercialization strategy and participation in the battery lifecycle management market. Forward-looking statements are based on management's current expectations, estimates, assumptions and projections that are believed to be reasonable as of the date of this news release, including assumptions regarding the continued advancement of product development activities; the successful engineering optimization, validation, refinement, certification and commercialization of the Tesla Adaptor and future proprietary battery adaptors; the successful completion of research and development and engineering validation activities; the successful expansion of compatibility across additional electric vehicle battery platforms; the completion of UL certification and other required regulatory or commercial approvals; the continued cooperation of third-party development partners, manufacturers, suppliers and service providers; the continued growth of electric vehicle adoption and the out-of-warranty electric vehicle market; the continued availability and reliability of third-party market data and industry information referenced herein; the anticipated demand for battery lifecycle management solutions; the Company's ability to obtain, maintain and enforce intellectual property protection for its proprietary technologies; the availability of adequate capital and other resources to complete commercialization activities; and the Company's ability to execute its commercialization strategy. However, forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: technical, engineering, manufacturing or operational challenges; delays or failures in the continued development, refinement, validation, certification or commercialization of the Tesla Adaptor, the Company's battery rebalancing platform or additional proprietary battery adaptors; the possibility that engineering validation activities or prototype testing may not be replicated in future testing, production environments or commercial applications, and that successful prototype validation may not result in a commercially viable product; challenges associated with expanding compatibility across additional electric vehicle battery platforms; changes in electric vehicle technologies, battery architectures, communication protocols, battery chemistries, firmware, software, industry standards or competitive conditions, including changes to Tesla battery systems that may require additional engineering, redesign or validation; delays in obtaining UL certification or other regulatory or commercial approvals, achieving manufacturing readiness, executing go-to-market initiatives, commencing commercial production or achieving customer adoption or market acceptance; reliance on third-party development partners, manufacturers, suppliers and service providers; risks relating to the protection, maintenance, enforcement or validity of the Company's intellectual property rights and patent-pending technologies; the possibility that third-party market data or industry estimates referenced herein may change or be revised; financing, regulatory, legal and intellectual property risks; the availability of adequate capital resources to complete commercialization activities; general economic, market and geopolitical conditions; and other risks associated with the development and commercialization of emerging clean technologies. There can be no assurance that the Company's battery rebalancing platform or the Tesla Adaptor will successfully progress beyond engineering validation to commercial production, that anticipated commercialization milestones or timelines, including completion of development activities, certification, manufacturing readiness, regulatory approvals or go-to-market initiatives, will be achieved, that compatibility with additional battery platforms will be successfully developed or commercialized, that the Company's technologies will achieve commercial performance, customer adoption or market acceptance, that adequate capital resources will be available to complete commercialization activities, or that the Company will successfully commercialize or achieve widespread adoption of its battery rebalancing platform or proprietary battery adaptor technologies. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information to reflect new information, future events or otherwise. Readers are cautioned not to place undue reliance on forward-looking statements and are encouraged to consult the Company's continuous disclosure filings available under its profile on SEDAR+ for additional risk factors and further information.
The Board of Directors of The Coca-Cola Company today announced the election of a new company officer and the approval of the company's regular quarterly divide
The logo of Uber is seen at a temporary showroom at the Promenade road during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 20, 2023. REUTERS/Arnd... Purchase Licensing Rights, opens new tab Read more
July 15 (Reuters) - Uber (UBER.N), opens new tab is set to take over Delivery Hero (DHER.DE), opens new tab in a deal valuing the German food delivery company at about €12.5 billion ($14.34 billion), the Financial Times reported on Wednesday.
Delivery Hero confirmed it was in advanced negotiations with Uber regarding a potential takeover offer on Tuesday.
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Here are a few details on the potential deal:
Acquiring Delivery Hero, which has a market value of roughly €11.6 billion, would expand the Uber Eats food-delivery network in Europe, the Middle East, Asia and Latin America. But the deal could attract scrutiny from antitrust regulators due to overlap in the companies' operations.
Delivery Hero could announce the deal as early as Thursday, with Uber paying roughly €41 per share, the Financial Times reported, citing multiple people familiar with the matter.
The terms and timing have not been finalized and could still change.
Under the proposed deal, Delivery Hero will split off part of its business, selling its Turkish unit Yemeksepeti and several European operations to an investment firm, in an effort to limit geographic overlap with Uber and reduce potential antitrust scrutiny, the report said.
Both Delivery Hero and Uber did not immediately respond to a Reuters request for comment.
The discussions follow months of speculation over Delivery Hero's future. Uber approached the company in May with a €38 per share offer that investors viewed as too low, according to .
($1 = 0.8715 euros)
Reporting by Juby Babu in Mexico City; Editing by Tasim Zahid
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Two of the big-four artificial intelligence (AI) hyperscalers are Alphabet (GOOG +3.60%) (GOOGL +3.15%) and Meta Platforms (META +3.06%). These two are major brands and have captured the attention of the market.
However, one thing sets Meta Platforms apart from the other three hyperscalers, and it's not a good thing. Recently, Meta reportedly took steps to remedy this difference, and investors may learn more about it during its upcoming earnings announcement.
But does that make it a better buy than Alphabet? Let's take a look.
Image source: Getty Images.
Meta Platforms currently doesn't have a cloud computing business All of the big four AI hyperscalers are spending hundreds of billions of dollars on AI data centers this year. Still, only Meta Platforms uses all of it for internal computing purposes. The other three have cloud computing businesses where they rent out computing capacity on their servers. That's a big deal because the other three have a valid revenue-generating engine in addition to what they're doing internally.
So, if their AI efforts turn out to be a flop, they can at least sell that computing capacity to those winning the AI arms race. Meta has gone all-in on its internal AI, and there really hasn't been a lot to show for it. The concern here is that Meta's AI spending is like the metaverse 2.0, where it spent billions of dollars for no return on investment.
However, that could be changing. CEO Mark Zuckerberg said a while back that Meta might consider forming a cloud computing business if it had excess computing capacity. However, according to reports, Meta is set to start forming this business. This is music to investors' ears, as it finally gives investors a tangible payoff for the massive amount of money being spent on data centers.
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Alphabet is already involved in this space with Google Cloud, and its growth rates have been explosive. In Q2, its cloud business generated more than $20 billion in revenue and had a 33% operating margin, so it's clearly a lucrative business to be in. But that's only one part of Alphabet's business. How does the rest stack up?
Meta is still growing faster than Alphabet without cloud computing At their core, both Meta and Alphabet are advertising companies. Meta makes its ad revenue through its social media platforms like Instagram, Facebook, WhatsApp, and Threads. Alphabet's ad revenue comes from its Google family of products and YouTube. During Q1, Alphabet's revenue rose 22% year over year. Meta's growth was faster, coming in at 33% year over year. Both companies have utilized their AI resources to implement new technologies to better convert on advertising, which helped boost each business's revenue.
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But if Meta can create a booming cloud business that rivals Google Cloud, then its growth rate could push even higher. Meta's growth has more potential and is currently faster than Alphabet's. As a result, I'm giving Meta the win in the growth category.
Winner: Meta Platforms
Alphabet trades at a premium From a valuation perspective, Meta trades at a decent discount to Alphabet. At 25 times forward earnings, Alphabet is a typically valued big tech stock and isn't undervalued or overvalued. At nearly 21 times forward earnings, Meta still trades at a discount to the S&P 500 (valued at 21.7 times forward earnings).
GOOG PE Ratio (Forward) data by YCharts
Should Meta announce and implement a solid cloud computing business, I could see it closing the gap easily over the next few months. That would lead to soaring returns, making it a solid stock to buy now. As a result, it gets the nod here as well.
Winner: Meta Platforms
Meta has more upside, but it still may not be the stock for you Meta Platforms' potential upside is far greater than Alphabet's -- if everything works out. If it decides not to launch a cloud computing business or struggles to do so, Meta's stock may sell off to lower levels again. There isn't a ton of execution risk right now with Alphabet; it's at the top of its game and excelling in every area.
If you want ultimate upside, then Meta is the stock for you. If you want solid, market-beating returns with less risk, then Alphabet makes for a better stock.
Two of the big four artificial intelligence (AI) hyperscalers are Amazon (AMZN +2.97%) and Alphabet (GOOG +3.57%) (GOOGL +3.15%). These two are major players, yet they are deploying different strategies in the AI race.
Which one of these two is the better buy? Let's take a look, as they appear to be two entirely different companies on the surface.
Image source: Getty Images.
Cloud computing is a central focus for each Amazon is still mostly known as an e-commerce business, but I think investors should view it differently. It operates the largest cloud computing service in the world, Amazon Web Services (AWS), and it's a major part of the company. In fact, AWS generated 59% of Amazon's operating profit in Q1, despite accounting for only 21% of sales. That's because AWS' margins are far higher than the margins of Amazon's commerce segments. And with AWS growing at a 28% clip, the share of profits coming from it is likely to continue rising.
Alphabet is a large conglomerate, but the Google ecosystem still sits at the heart of the operation. The majority of its revenue comes from advertising, but it also has a cloud computing component.
Google Cloud is smaller than AWS, with revenue coming in at $20 billion during Q1 (versus AWS' $37.6 billion), but it's growing at a blazing fast 63% rate. However, Google Cloud doesn't give Alphabet quite the same profitability boost that AWS does for Amazon, as advertising is already a high-margin business. Still, it's a growing contributor to Alphabet's overall picture.
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Both companies are spending hundreds of billions of dollars a year on data center capital expenditures because they see a major opportunity in the cloud computing market, so they're investing heavily to build out computing capacity to capture a piece of it. This is a smart strategy, although it may take a handful of years for them to see the payoffs from it. Still, I think investors should give them some leeway, as they understand what customers demand in computing resources.
One difference between AWS and Google Cloud is that AWS doesn't have a native generative AI model, whereas Alphabet does. With Alphabet, users can deploy Google's Gemini family of AI models. With Amazon, investors can use a variety of AI models. While other AI models can be deployed on Google Cloud, it seems like the logical choice to go with its native model if you're using its ecosystem already. I don't think this is a huge difference maker, but it is something investors should be aware of.
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I don't see much separation between these two and how they run their businesses, so I'm scoring this category as a tie.
Winner: Tie
Solid top- and bottom-line growth From a revenue growth standpoint, Alphabet grew at a 22% pace during Q1, while Amazon grew at a 17% pace. Each of them also saw their earnings per share skyrocket, with Alphabet's growth once again outpacing Amazon's.
AMZN Revenue (Quarterly YoY Growth) data by YCharts.
There isn't a ton of debate about which is the faster-growing company, and forward projections point to the gap between them persisting. Wall Street expects 21% revenue growth for Alphabet for the remainder of 2026, and 19% growth next year. Analysts expect 15% growth for Amazon in 2026, and 13% next year. Clearly, Alphabet takes the prize here.
Winner: Alphabet
Both companies trade at a premium The market regards both Amazon and Alphabet highly, so it shouldn't come as a surprise that neither stock is cheap. However, I don't think either one is overvalued, either.
AMZN PE Ratio (Forward) data by YCharts.
Still, Amazon is the more expensive stock on a forward price-to-earnings basis, and the difference likely stems from each company's core business. Amazon's e-commerce business is far more stable over the long term than Alphabet's advertising business, which can face severe slowdowns when recessions strike (or even are just feared). However, with Alphabet's faster growth rate and cheaper stock price, I think it's the better buy now. That doesn't mean I think investors who own Amazon shares should sell them. I do still think Amazon is a worthy investment; it's just not as attractive to buy right now as Alphabet.
Microsoft (MSFT +2.70%) has been a terrible stock to own so far in 2026; it's down around 20% so far this year. However, I think things will change after July 29, because that's when Microsoft reports earnings for its fiscal 2026's fourth quarter (ended June 30).
I think the bar for Microsoft to report a solid earnings report is relatively low, and if it can keep the status quo from previous earnings reports, it will be perfectly set up to skyrocket for one main reason.
Image source: Microsoft.
Microsoft's stock is cheap Thanks to the sell-off this year, Microsoft's valuation has plummeted. It now trades for about 20 times forward earnings.
MSFT PE Ratio (Forward) data by YCharts
This is uncharted territory for Microsoft, as it has historically traded for about 30 times forward earnings. Should Microsoft report a fantastic earnings report and the market deems it worthy of returning to its normal valuation range, that represents 50% upside in the stock -- something few big tech companies can say. Furthermore, its current price tag is cheaper than the broader market, as measured by the S&P 500, which trades for 21.7 times forward earnings.
For Q4, Wall Street analysts expect revenue growth of 15%, with earnings per share coming in around $4.24. If Microsoft can exceed those expectations, it may be in a perfect situation to soar after earnings, and it may be set up to do just that because its Q3 results were much better than what's expected in Q4.
Last quarter, its revenue rose at an 18% year-over-year pace, with diluted earnings per share increasing 23% year over year to $4.27. The bar isn't all that high for Microsoft, and if it can clear it by a wide margin, the stock could easily deliver double-digit returns following its earnings announcement on July 29.
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One item investors will also be watching for is its capital expenditure guidance for fiscal 2027. The market isn't giving the AI hyperscalers a ton of leash on unnecessary capital expenditures, and with Microsoft spending hundreds of billions on data centers, it's making a huge investment in the AI realm. But if its cloud computing revenue growth rate continues to accelerate, that will satisfy most investors, as there is a tangible return there because others are paying for its cloud usage, rather than Microsoft using it internally.
Those are some of the key items to watch for, but I'm betting Microsoft will be just fine following earnings, and investors who have held the stock throughout the sell-off will be happier in a few weeks after their earnings announcement is complete.
, /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Microsoft Corporation (NASDAQ: MSFT) between May 1, 2025 and January 28, 2026, inclusive (the "Class Period"), of the important August 11, 2026 lead plaintiff deadline.
So What: If you purchased Microsoft common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Microsoft's Copilot family of products had experienced significant brand positioning, user experience, usage, data siloing, computational capacity, organizational, and interoperability problems; (2) Microsoft's flagship proprietary AI model ranked well below competitors on a number of benchmark tests; (3) Microsoft needed to increase by billions of dollars its capital expenditures and divert graphics processing unit ("GPU") and central processing unit ("CPU") capacity away from fulfilling demand for its profitable Azure services in order to improve the competitive positioning of its critical Copilot family of products and increase its AI-related research and development ("R&D"); and (4) as a result, Microsoft had failed to convert a significant percentage of its commercial Microsoft 365 users to paid Copilot subscriptions and Microsoft's Copilot offerings had lost market share to rival products, a trend that was increasing. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Airbus and Boeing have in recent weeks chartered one of the world's largest cargo planes to speed up shipments of aerostructures for some civil and military aircraft, a sign of lingering strains in the aerospace supply chain.
Warren Buffett said that it didn't come as a surprise when he told Bill Gates about his decision to stop donating to the Gates Foundation after partnering on the group's philanthropic initiatives for two decades.
Buffett, 95, didn't include the Gates Foundation when he announced the donation of almost $6 billion of Berkshire Hathaway stock on Tuesday, a move which follows revelations about interactions between Gates, the co-founder of Microsoft, and late sex offender Jeffrey Epstein.
The billionaire told CNBC he "had read what Congress came up with. I'd read everything," after Gates recently met with Congress amid lawmakers' investigations into Epstein. Gates hasn't been accused of crimes and has repeatedly expressed regret for associating with Epstein.
"While it's distasteful, while he made mistakes, I made mistakes, hiring all kinds of people, or choosing friends, and then finding out later that, one way or other, they weren't what I thought they were," Buffett said. "I found nothing in there that was beyond what I could picture myself doing."
WARREN BUFFETT PENS LAST LETTER AS ABEL PREPARES TO TAKE OVER
Warren Buffett opted to make his annual donations to four family foundations rather than the Gates Foundation. (Christopher Goodney/Bloomberg via Getty Images)
Buffett has donated over $47 billion in Berkshire stock to the philanthropic organization founded by Gates since 2006.
This year, the legendary investor instead focused his donations on four family foundations that are run by his children, Susie, Howard and Peter.
Buffett explained that his children are getting older and are ready to distribute his wealth, saying he has told the "three children that it is theirs, and it's their responsibility to get it done well."
ARE YOU A NEW STOCK MARKET INVESTOR IN JUNE 2026? HERE'S WARREN BUFFETT'S ADVICE
Ticker Security Last Change Change % BRK.A BERKSHIRE HATHAWAY INC. 733,180.00 -3,820.00 -0.52% He also accelerated the timeline to distribute his remaining Berkshire shares, which represent a roughly 13% stake in the conglomerate valued at more than $1 trillion.
He now wants the shares distributed by the end of 2034, rather than 10 years after his death, due to his children's advanced ages – noting that his oldest child, Susie Buffett, will be 81 by the end of 2034.
WARREN BUFFETT'S FINAL LETTER TO SHAREHOLDERS: READ IN FULL HERE
"I reevaluated my whole situation," Buffett told CNBC. "It's not just a question of mortality. It's a question of keeping your marbles."
Buffett said his children are older and are prepared to take on the task of distributing his wealth to worthy causes. (Photo by Kevin Dietsch/Getty Images)
After Buffett's latest donations to the four foundations, he will have given more than $23 billion in Berkshire stock to the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation.
If it were easy to predict stock prices, there would be far more rich people out there. Fortunately, investors can make great money by simply gauging where a stock might go in the future, based on the underlying company's growth opportunities and valuation. If you're right about the factors moving a stock, you'll probably do well, even if you don't nail the exact share price.
For example, I predict that Nvidia (NVDA +0.29%) will trade at $350 per share by 2028. Keep in mind that Nvidia's fiscal calendar ends in January. Therefore, its fiscal year 2028 ends just as the calendar year 2028 begins.
Remember, the reasons why I believe Nvidia can soar 71% higher over the next 18 months are far more important than whether the stock trades at $350, $325, or $450. As long as my prediction about Nvidia is directionally correct, investors will be happy they bought the stock. I'll unpack how I arrived at my prediction below.
Image source: The Motley Fool.
The growth engine still has fuel Nvidia has generated $253.5 billion in trailing 12-month revenue and continues to pump out breathtaking growth. The company's sales grew by 85% year over year in the first quarter of Nvidia's fiscal year 2027, driven by Grace Blackwell, its current flagship data center chip platform. Its successor, Vera Rubin, has entered full production and could begin shipping later this year.
CEO Jensen Huang has said that Nvidia anticipates $1 trillion in sales between Blackwell and Rubin through next year, a clear signal that artificial intelligence (AI) hyperscalers haven't relented from pouring billions of dollars into AI compute. Based on Wall Street estimates, Nvidia's total sales could more than double by fiscal year 2028, to approximately $555.5 billion.
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The math behind a $350 stock Analysts also estimate that Nvidia will earn $12.79 in fiscal year 2028, nearly double Nvidia's trailing 12-month earnings per share of $6.53. That seems reasonable as long as the company maintains its pricing power. A valuation of about 27 times those earnings produces that $350 share price. Keep in mind that those will be trailing 12-month earnings by January 2028. Today, Nvidia trades at 31 times its trailing earnings, so this prediction assumes its valuation will decline.
The numbers can change. Rubin consists of seven chips, forming an AI supercomputer chipset that expands Nvidia's data center footprint. There could be even more growth and upside if Rubin exceeds sales expectations. On the flip side, hyperscalers could pull back on their capital expenditures, ending this data center boom at any moment. The uncertainty is simply part of the game.
For now, Nvidia seems poised to soar on demand for Grace Blackwell and Vera Rubin. If that's correct, investors probably won't care about my specific prediction, just as I said at the beginning.
July 15, 2026 16:30 ET | Source: American Airlines, Inc.
FORT WORTH, Texas, July 15, 2026 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (NASDAQ: AAL) today announced that John W. Dietrich has been elected to the company’s board of directors. Dietrich will serve on the board’s Audit Committee and Finance Committee.
Dietrich brings 35 years of experience in the aviation and air cargo industries, with a strong track record of operational and financial leadership. He most recently served as Executive Vice President and CFO of FedEx Corporation from 2023 to 2026, where he led the company’s global finance organization and helped advance initiatives focused on efficiency, cost discipline and long-term value creation.
American’s Chairman Greg Smith expressed his pleasure in welcoming Dietrich to the board. “John possesses a distinguished professional background and a proven track record over his 35 years of aerospace leadership,” said Smith. “His extensive experience — coupled with his reputation and success in managing complex, capital-intensive operations as well as his insights into financial discipline, risk management and governance — will significantly enhance the board's capabilities as we prioritize long-term performance and shareholder value.”
Prior to joining FedEx, Dietrich spent more than two decades at Atlas Air Worldwide, where he held numerous senior leadership roles, including President and CEO and member of the board of directors. He was appointed president of Atlas in 2019 and previously served as COO, with responsibility for all aspects of the company’s global operations. Earlier in his career, Dietrich served as General Counsel for Atlas and spent more than a decade at United Airlines, the majority of the time as an attorney.
“John has a deep understanding of our industry and a proven ability to connect operational performance with financial results,” said American’s CEO Robert Isom. “His experience leading global aviation and cargo businesses — and his focus on execution and accountability — will be a valuable addition to our board.”
Dietrich is an active leader across the aviation and transportation industry. He currently serves as chairman of the National Defense Transportation Association and on the boards of AAR Corporation and First Horizon Corporation. He is also a former member and chairman of the National Air Carrier Association and a former member of the International Air Transport Association Board of Governors.
Dietrich earned a bachelor’s degree from Southern Illinois University and graduated cum laude from the University of Illinois Chicago School of Law.
About American Airlines Group (NASDAQ: AAL)
American Airlines is a premium global airline connecting more of the U.S. to the world. With roots tracing back to an air mail carrier in the Midwestern United States in 1926, American now operates more than 6,000 daily flights to more than 350 destinations in more than 60 countries and serves more than 200 million customers annually. Powered by a proud and talented team of 130,000 aviation professionals, American’s team lives out the airline’s purpose of caring for people on life’s journey every day.
The world’s largest airline proudly celebrates its centennial year in 2026, reaching a milestone that reflects a century of innovation and the Forever ForwardSM spirit that changed the industry and the world. American introduced the first scheduled air cargo service, the first airport lounge and the first airline loyalty program and continues to reinvent the customer experience today. The airline is also a founding member of the oneworld alliance, whose members serve more than 900 destinations around the globe.
Get the latest about American at news.aa.com and @AmericanAir.
3M (MMM) is scheduled to report second-quarter earnings before the open on Tuesday, July 21. According to Zacks Research, analysts expect earnings of $2.27 per share on $6.38 billion in revenue, representing year-over-year growth of 5.1%.
The industrial giant is heading into earnings with fresh momentum, up 2.6% to trade at $160.45 today and helping boost the Dow Jones Industrial Average (DJI) after announcing a strategic partnership with Microsoft (MSFT) to advance AI data center infrastructure and enterprise transformation. The shares have seen quite a bit of volatility since their February 12 five-year peak of $177.41, rebounding off the 50-day moving average this past week after a rejection at $170. Today’s pop also has MMM inching into positive territory for 2026.
Daily Chart of MMM Since July 2025 with 50-Day Moving Average
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Options traders are pricing in a 6.6% post-earnings move on Tuesday, slightly below the stock’s average post-earnings swing of 7.2% over the last eight quarters. MMM has finished four of its last eight post-earnings sessions higher, though it dropped 1.9% following its April report.
Options bears have been building their positions over the last 10 weeks. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), 3M’s 50-day put/call volume ratio of 1.13 ranks higher than 98% of readings from the past year, signaling an unusually high appetite for puts among options traders. Sentiment appears to be shifting today, however, as 21,000 calls have been exchanged so far – quadruple the call volume MMM typically sees at this point.
Analyst sentiment is mixed. Of the 18 brokerages covering 3M, nine carry a "strong buy" rating, while seven recommend "hold" and two say "strong sell." With the stock back in rally mode and AI optimism providing a fresh catalyst, investors will be eyeing the company’s earnings for clues as to whether that momentum can continue.
Options are understandably expensive heading into the event, per the stock’s Schaeffer’s Volatility Index (SVI) of 34% sitting in the 64th percentile of its annual range. However, it’s worth noting that 3M’s Schaeffer's Volatility Scorecard (SVS) comes in at 10 out of 100. In other words, the stock has consistently realized lower volatility than its options have priced in over the past 12 months, making it a premium selling candidate.
On July 9, The Wall Street Journal reported that Netflix (NFLX +0.11%) executives have been discussing adding live channels to its service. According to the article, programs, shows, and films from certain genres could be continuously streamed.
That news, coming just ahead of Netflix's second-quarter report on July 16, could be a warning flag to expect disappointing or underwhelming results.
Image source: The Motley Fool.
Keeping subscribers more engaged Subscriber engagement (the amount of time people spend watching shows and movies on the platform, and how often they finish them) was a talking point at the company's annual business review in the spring, according to the article. Since then, however, the topic has reportedly come up more frequently.
To address that issue, executives have considered launching the live channels mentioned earlier and creating a bundle with other streaming services, according to The Wall Street Journal.
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Having a game plan ready The idea that Netflix is exploring new options to keep subscribers engaged should not be viewed as a negative. In a competitive space, it will need to continuously evaluate its current business plan, considering what else it could offer or what it may need to pivot away from. But the timing of this news could foreshadow a disappointing quarter.
The talking points for adding live programming or bundles could be proactive measures to address any underwhelming or weak stats in the second-quarter report.
The outlook for Netflix To be fair, Netflix may still report a great quarter and begin to reverse the downward trend the stock has been on in recent months.
The Wall Street Journal's reporting about its live programming plans could turn out to be an early preview of a new strategy at the streaming giant. But again, if viewers are spending less time watching its shows and movies and aren't finishing them at the rates they used to, that points to an issue brewing in terms of its ability to hold onto its subscribers.
I still like Netflix's potential as a long-term investment, considering its opportunities to grow revenue through its gaming division, video podcasting, and its entertainment complex concept, Netflix House. But the Q2 report may not offer much to help reignite investor enthusiasm in the short term.
Netflix is in regrouping mode heading into its second-quarter earnings reveal – a very familiar place for the company.
The streaming giant, which will report financials Thursday afternoon after the close of trading, has already signaled that the quarter is unlikely to be a barnburner. That was the takeaway of many Wall Streeters in April after the company declined to raise its full-year guidance.
Netflix have skidded to an 18-month low, down 40% over the past year and 21% in 2026 to date, as skepticism lingers about the company’s user engagement, competitive set and M&A aspirations.
“There’s a lot riding on Q2 as Netflix faces no shortage of near and longer-term questions – from Q2 engagement trends and potential revisions to 2026 margin guidance to the broader challenge of sustaining growth amid evolving consumer preferences and viewing behavior,” Bernstein analyst Laurent Yoon wrote in a note to clients.
Apart from Harlan Coben’s I Will Find You, there weren’t many no-doubt hits during the April-to-June quarter, and some viewership was also siphoned off in June by the World Cup. More disconcerting to investors was a report by Bloomberg that many series are experiencing increasingly steep dropoffs in viewership between their first and second seasons.
The company has taken steps already to shore up overall engagement, adding vertical video, podcasts and live sports to create a more comprehensive programming lineup. It is also reportedly considering more significant moves, like potentially expanding on the live broadcast partnership it formed in France with TF1 or possibly the addition of a free tier or even substantial M&A to bolster its IP library. Given lingering questions about the end of its merger agreement with Warner Bros., as well as recent reports the company is taking a look at acquiring Letterboxd, it is likely that execs will be asked yet again about potential deals.
John Blackledge of TD Cowen acknowledges the fretting over engagement trends as a major theme for investors, but he believes that angst ignores significant upside in the company’s growing ad business. “We expect the burgeoning ad tier to help drive member growth and support margin expansion over time as the biz scales,” he wrote in a note to clients, also pointing out that Netflix was the No. 1 choice of consumers Cowen’s surveyed about living room viewing.
Sean Diffley of Morgan Stanley, in a report headlined “We’ve Seen This Movie Before,” said the company has had a lot of experience with comebacks. “With many asking where shares could bottom, we would look to 2022 as the last major period of growing pains for Netflix that saw subs go negative for the first time in 10 years,” wrote. In the end, however, “We think it all comes back to pricing power, and our survey work suggests they still have the best perceived original content and the strongest breadth & depth, along with viewer intention.”
The rope-a-dope dynamics of past quarters, where the bar is set low and the company overdelivers and the stock jumps, could make a return on Thursday, according to BofA Securities analyst Jessica Reif Ehrlich. “Given the recent pullback in shares, we believe investor sentiment remains muted and a beat-and-raise quarter could go a long way in assuaging several of these investor concerns,” she wrote. “Conversely, should fundamentals indicate a further deceleration in trends, that would only amplify these bearish concerns and weigh on the multiple going forward.”
Consensus forecasts among Wall Street analysts are for revenue in the quarter of $12.58 billion and earnings per share of 79 cents. Both metrics are close to the company’s own internal projections.
NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM) (“JPMorganChase” or the “Firm”) has declared dividends on the outstanding shares of the Firm’s Series DD, EE, GG, JJ, LL, MM and NN preferred stock. Information can be found on the Firm’s Investor Relations website at https://www.jpmorganchase.com/ir/news.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $5.0 trillion in assets and $375 billion in stockholders’ equity as of June 30, 2026. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Psychedelic drug developers including AtaiBeckley Inc. (NASDAQ:ATAI, XETRA:9VC), Compass Pathways (NASDAQ:CMPS) and Cybin Inc. (NYSE-A:CYBN, FRA:R7E) could see a positive read-through after Johnson & Johnson (NYSE:JNJ) reported stronger second-quarter sales for its Spravato depression treatment, with Jefferies writing that the drug's commercial performance supports the long-term market opportunity for the sector.
Johnson & Johnson (NYSE:JNJ) reported worldwide second-quarter Spravato (esketamine nasal spray) sales of $584 million, up 25% from the first quarter, including US sales of $514 million. Jefferies wrote that the figures imply an annualized revenue run rate of more than $2.3 billion and keep the product on track to reach the company's previously guided annual sales of $3 billion to $3.5 billion by 2027-2028.
The analysts wrote that Spravato's momentum in treatment-resistant depression and major depressive disorder with suicidal ideation "supports the notion psychedelics can be commercially viable in hard-to-treat mental health disorders," citing Johnson & Johnson's investment in treatment sites, physician education and reimbursement.
Jefferies noted that Johnson & Johnson has guided for Spravato peak annual sales of up to $5 billion and estimated that more than 250,000 patients worldwide may have been treated with the therapy cumulatively.
The firm also pointed to increasing investor interest in psychedelic medicines following positive mid- and late-stage clinical trial data across depression, anxiety and post-traumatic stress disorder, alongside what it described as an improving regulatory backdrop and growing interest from large pharmaceutical companies.
Jefferies highlighted several upcoming milestones across the sector, including Compass Pathways (NASDAQ:CMPS)' planned rolling New Drug Application completion for COMP360 in the fourth quarter of 2026, which could support a potential approval by year-end and a commercial launch in the first half of 2027.
The analysts also pointed to AtaiBeckley’s Phase III program for BPL-003 in treatment-resistant depression, expected to generate data in early 2029, and upcoming Phase II data for VLS-01 later this year..
Jefferies added that Johnson & Johnson's network of approximately 7,000 to 8,000 US treatment sites could help facilitate future adoption of psychedelic therapies, noting that Atai's intranasal BPL-003 could fit within the same two-hour treatment framework currently used for Spravato.
Psychedelic drug developers including AtaiBeckley Inc. (NASDAQ:ATAI, XETRA:9VC), Compass Pathways (NASDAQ:CMPS) and Cybin Inc. (NYSE-A:CYBN, FRA:R7E) could see a positive read-through after Johnson & Johnson (NYSE:JNJ) reported stronger second-quarter sales for its Spravato depression treatment, with Jefferies writing that the drug's commercial performance supports the long-term market opportunity for the sector.
Johnson & Johnson (NYSE:JNJ) reported worldwide second-quarter Spravato (esketamine nasal spray) sales of $584 million, up 25% from the first quarter, including US sales of $514 million. Jefferies wrote that the figures imply an annualized revenue run rate of more than $2.3 billion and keep the product on track to reach the company's previously guided annual sales of $3 billion to $3.5 billion by 2027-2028.
The analysts wrote that Spravato's momentum in treatment-resistant depression and major depressive disorder with suicidal ideation "supports the notion psychedelics can be commercially viable in hard-to-treat mental health disorders," citing Johnson & Johnson's investment in treatment sites, physician education and reimbursement.
Jefferies noted that Johnson & Johnson has guided for Spravato peak annual sales of up to $5 billion and estimated that more than 250,000 patients worldwide may have been treated with the therapy cumulatively.
The firm also pointed to increasing investor interest in psychedelic medicines following positive mid- and late-stage clinical trial data across depression, anxiety and post-traumatic stress disorder, alongside what it described as an improving regulatory backdrop and growing interest from large pharmaceutical companies.
Jefferies highlighted several upcoming milestones across the sector, including Compass Pathways (NASDAQ:CMPS)' planned rolling New Drug Application completion for COMP360 in the fourth quarter of 2026, which could support a potential approval by year-end and a commercial launch in the first half of 2027.
The analysts also pointed to AtaiBeckley’s Phase III program for BPL-003 in treatment-resistant depression, expected to generate data in early 2029, and upcoming Phase II data for VLS-01 later this year..
Jefferies added that Johnson & Johnson's network of approximately 7,000 to 8,000 US treatment sites could help facilitate future adoption of psychedelic therapies, noting that Atai's intranasal BPL-003 could fit within the same two-hour treatment framework currently used for Spravato.
Target Corp (NYSE:TGT) is seeing encouraging signs that its merchandising overhaul is helping attract shoppers, prompting Jefferies to modestly raise its second-quarter forecasts ahead of the retailer's earnings.
Jefferies wrote that Target's expanded product assortment, category refreshes and exclusive partnerships are increasingly becoming meaningful traffic drivers. The firm raised its second-quarter comparable sales estimate to 1.6% from 1.5% and increased its earnings per share forecast to $2.18.
The analysts pointed to a broad merchandising reset that has included a 30% expansion of Target's wellness section, the introduction of 3,000 beauty products and 60 new brands, a refresh of 75% of home decorative accessories, new food and beverage offerings, and a back-to-school assortment that is more than 50% new.
"In our view, this represents one of the broadest assortment refreshes TGT has undertaken in years," Jefferies wrote.
The firm believes these initiatives, along with collaborations and exclusive partnerships, are helping increase store traffic. Target reported first-quarter traffic growth of 4.4%, which Jefferies described as an early indication that the refreshed assortment is resonating with shoppers.
Looking ahead, the analysts acknowledged that Target faces a tougher year-over-year comparison in the second quarter as it laps the Nintendo Switch 2 launch. However, they wrote that recent foot traffic trends, combined with continued product launches, category resets and collaborations, suggest the company's merchandising strategy remains effective.
Jefferies also highlighted data from location analytics firm Placer.ai, noting a strong historical correlation between Target's foot traffic and comparable sales. Based on those trends, the firm now expects second-quarter comparable sales growth of 1.6%, compared with its Placer-based estimate of 1.7% and Wall Street's consensus forecast of 1.9%.
The analysts added that they expect Target to continue emphasizing merchandising through the second half of the year, supported by additional collaborations, new back-to-school products and the rollout of its Beauty Studio initiative.
Jefferies continues to view Target as one of its top investment ideas for 2026 following a recent meeting with the company's management team, where executives discussed early traction from the retailer's strategic reset and merchandising-led initiatives.
Shares of Target traded up 3% at about $138 on Wednesday afternoon, having added almost 41% so far this year.
Target Corp (NYSE:TGT) is seeing encouraging signs that its merchandising overhaul is helping attract shoppers, prompting Jefferies to modestly raise its second-quarter forecasts ahead of the retailer's earnings.
Jefferies wrote that Target's expanded product assortment, category refreshes and exclusive partnerships are increasingly becoming meaningful traffic drivers. The firm raised its second-quarter comparable sales estimate to 1.6% from 1.5% and increased its earnings per share forecast to $2.18.
The analysts pointed to a broad merchandising reset that has included a 30% expansion of Target's wellness section, the introduction of 3,000 beauty products and 60 new brands, a refresh of 75% of home decorative accessories, new food and beverage offerings, and a back-to-school assortment that is more than 50% new.
"In our view, this represents one of the broadest assortment refreshes TGT has undertaken in years," Jefferies wrote.
The firm believes these initiatives, along with collaborations and exclusive partnerships, are helping increase store traffic. Target reported first-quarter traffic growth of 4.4%, which Jefferies described as an early indication that the refreshed assortment is resonating with shoppers.
Looking ahead, the analysts acknowledged that Target faces a tougher year-over-year comparison in the second quarter as it laps the Nintendo Switch 2 launch. However, they wrote that recent foot traffic trends, combined with continued product launches, category resets and collaborations, suggest the company's merchandising strategy remains effective.
Jefferies also highlighted data from location analytics firm Placer.ai, noting a strong historical correlation between Target's foot traffic and comparable sales. Based on those trends, the firm now expects second-quarter comparable sales growth of 1.6%, compared with its Placer-based estimate of 1.7% and Wall Street's consensus forecast of 1.9%.
The analysts added that they expect Target to continue emphasizing merchandising through the second half of the year, supported by additional collaborations, new back-to-school products and the rollout of its Beauty Studio initiative.
Jefferies continues to view Target as one of its top investment ideas for 2026 following a recent meeting with the company's management team, where executives discussed early traction from the retailer's strategic reset and merchandising-led initiatives.
Shares of Target traded up 3% at about $138 on Wednesday afternoon, having added almost 41% so far this year.
United Airlines' second-quarter results came in ahead of Wall Street estimates, but billions of dollars in added fuel costs continue to weigh on earnings, the carrier said Wednesday.
Here is what United Airlines reported for the quarter that ended June 30 compared with what Wall Street was expecting, based on estimates compiled by LSEG:
Earnings per share: $1.99 adjusted vs. $1.88 expectedRevenue: $17.67 billion vs. $17.61 billion expectedUnited forecast third-quarter adjusted earnings per share of between $2.50 and $3.50, compared with analysts' estimates for $3.60 a share. It estimated full-year adjusted earnings per share of between $9 and $11, the higher end of the range of the adjusted $7 to $11 a share it forecast in April, when it cut its January forecast after the U.S. and Israel attacked Iran in late February.
According to Argus data published by industry group Airlines for America, jet fuel prices at major U.S. airports are up 34% in July alone through Tuesday amid a roller coaster of escalating and deescalating conflict between the U.S. and Iran. Jet fuel is the largest cost for airlines after labor.
United said the higher fuel prices could add nearly $6 billion to its expenses this year compared with what it expected at the start of 2026, and that its second-quarter fuel costs rose 84% from last year to $2.3 billion. Those estimates were made based on Tuesday's fuel prices. It said it would cover up to as much as 90% of its higher costs this quarter and all of it in the fourth quarter.
Rival Delta Air Lines also said it is passing on more of those higher costs to flyers. The airlines said demand has remained strong despite higher fares.
United said it is updating its forecast to include the most recent fuel prices because costs have been so volatile. Since the beginning of July, fuel prices have hit adjusted earnings for the third quarter by $1.12 per share, it said.
The carrier could further cut its capacity plans because of higher fuel costs this year, it said in a filing.
United expanded flying 3.5% second quarter. Its revenue rose 16% from a year earlier to $17.67 billion, with total unit revenue up 12.1% in the second quarter from last year. That was the highest unit revenue growth since early 2023, according to FactSet.
The airline reported higher revenue for premium, corporate and no-frills basic economy tickets, as well as rising unit revenue for both domestic and international trips.
Net income fell more than 17% to $805 million, or $2.46 a share. Adjusting for one-time items United reported $649 million, or $1.99 a share on an adjusted basis.
United executives will hold an earnings call Thursday at 10:30 a.m. ET.
Read more CNBC airline newsDelta launches ‘basic business’ fares without lounge access, seat selectionRecord heat, crowds drive offseason boom in international travelDelta expects higher airfare to last, bringing 2026 profit goal in reach'Bring 'em on': Delta wants United's crown over the Pacific, tooSpirit's collapse, high fuel prices test limits of summer vacation spendingMeet the pilots flying Spirit Airlines' yellow jets to the desert
HomeIndustriesAirlinesEarnings ResultsEarnings ResultsInvestors zero in on a potentially fatter jet-fuel bill for United, dragging the stock downJuly 15, 2026, 5:05 p.m. ET
United Airlines late Wednesday reported earnings that topped Wall Street’s expectations and raised its guidance for the year. It didn’t seem to matter.
Investors zeroed in on United’s potentially fatter jet-fuel bill — the airline said it expects nearly $6 billion in additional fuel expenses for the year, based on crude prices as of Tuesday. The airline said it aims to recover some of it.
Make no mistake: ExxonMobil (XOM 0.40%) remains the epitome of "big oil." The energy giant is one of the world's largest integrated oil and gas companies, with exploration projects, refineries, and retail energy operations worldwide.
However, while the "green wave" investing trend has lost momentum in recent years, don't assume ExxonMobil has completely abandoned its efforts to capitalize on it. Alongside efforts to maximize the profitability of its legacy business through measures like cost-cutting and a focus on high-return exploration opportunities, ExxonMobil has continued to commit billions to its "clean energy" projects.
Although these projects don't contribute much to the bottom line yet, in a little over a decade, they could become a secondary source of profitability for this blue chip dividend stock.
Image source: Getty Images.
ExxonMobil's lean, mean, hydrocarbon cash machine ExxonMobil has prioritized maximizing profitability in its legacy business. Why? For starters, the company wants to maintain its dividend growth track record. With 43 years of consecutive annual dividend growth under its belt, it's less than a decade away from becoming one of the Dividend Kings, or companies with over 50 years of consecutive dividend growth.
Alongside growing the dividend, which currently gives the stock a 2.9% forward yield, ExxonMobil also remains committed to another type of "return of capital" activity: share repurchases. Management is currently targeting $20 billion in annual buybacks. That's around 3.3% of the company's current market capitalization.
As share repurchases help increase a stock's underlying per-share value over time, ExxonMobil is, in essence, trying to maintain a mid-single-digit return baseline. Besides the return of capital, the company is trying to, as CEO Darren Woods recently put it, "produce more oil for less money," with another objective in mind. That would be to produce greater cash flow, not only to support dividend and buyback growth, but to fund ExxonMobil's "green pivot" as well.
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The longer-term payoff ExxonMobil's near-term objective for its efficiency efforts is to increase annual earnings and cash flow by $25 billion and $35 billion, respectively, compared with 2024 levels. Management anticipates hitting this goal by 2030. The company is ramping up profitability to sustain earnings and dividend growth and spur further price appreciation.
Over a longer time horizon, however, the company is also putting a lot of this cash into its "green wave projects." As part of its "2030 Plan," unveiled last December, ExxonMobil also announced plans to invest $20 billion in what it calls its "lower-emission investments" between 2025 and 2030, with 60% of this investment focused on reducing emissions for third-party customers. This includes not only investment in ExxonMobil's carbon capture and storage (CCS) projects, but also in its Proxxima resin systems project, and in its budding low-emissions hydrogen and domestically sourced lithium.
Make no mistake. ExxonMobil isn't trying to "green" up its image by investing heavily in the business. Alongside sustainability, the oil and gas giant also sees financial opportunity. As the company's management believes these businesses could generate up to $13 billion in additional earnings by 2040, consider ExxonMobil's "green wave" wager as a secondary catalyst for the stock in the long term.
In short, buy this energy stock for the 2.9% dividend and 2030 transformation today -- and hold it for the next big transformation down the road.
Characteristics and Risks of Standardized Options: https://bit.ly/2v9tH6D. Kevin Hincks sees promise in GE Aerospace (GE) due to it being the sole engine provider of Boeing's (BA) 737 MAX jets.
Verizon is reiterated as a "Buy," with an attractive valuation and a high 6.66% forward dividend yield. VZ raised its FY 2026 EPS guidance to $4.95–$4.99, supported by strong postpaid phone and broadband net adds. Despite competition risks and technical weakness, VZ's fundamentals remain solid, with $6.55 free cash flow per share over the past year.
Strong Quarterly Results Beat ExpectationsCitizens analysts Devin Ryan and Noah Katz said Goldman posted results well above expectations, driven by strength across investment banking, equities, fixed income trading and asset management.
The brokerage noted that second-quarter earnings per share of $20.98 exceeded its $15 estimate by 40% and topped the Street consensus of $14.48 by 45%. Revenue climbed 39% year over year to $20.34 billion, about $4 billion above consensus. Goldman also generated a 23.5% return on equity during the quarter.
Broad-Based Growth and AI TailwindsCitizens said the revenue outperformance came from Goldman’s core franchise rather than one-time gains. Record results in equities trading and financing, stronger fixed-income performance and improving investment banking activity demonstrated broad-based operating momentum.
The analysts also highlighted growing opportunities tied to artificial intelligence, saying the AI investment cycle is expanding demand across data centers, energy, infrastructure and capital markets activities.
Alternatives Business and Fundraising Remain Key DriversThe brokerage also pointed to record alternatives fundraising and disciplined expense management as factors that could support earnings beyond the quarter.
Goldman raised $59 billion of third-party alternatives capital during the quarter and now expects more than $125 billion of fundraising this year.
Higher Earnings Forecasts, but Valuation Limits UpsideFollowing the strong results, Citizens raised its 2026 earnings estimate to $72.55 per share from $64.38 and increased its 2027 estimate to $74.25 from $69.75.
Despite the higher forecasts, Citizens reiterated its Market Perform rating. The firm said Goldman deserves a premium valuation because of its improving earnings mix, market-share gains and capital flexibility.
However, it cautioned that the shares already price in much of the favorable outlook, leaving less room for upside if trading activity normalizes or investment banking recovery slows.
GS Price Action: Goldman Sachs Group shares were up 0.43% at $1144.91 at the time of publication on Wednesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
SummaryBlackRock, Inc. demonstrated robust Q2 performance with record inflows, base fees, and double-digit revenue growth, reinforcing its ecosystem moat.BLK's diversification into private markets and tech services is accelerating, lowering its correlation with equity indexes and strengthening client relationships.Valuation is now more attractive: BLK trades at a 2026 P/E of 19x, cheaper than major peers and the S&P 500, with improving operating leverage.I am upgrading BLK to a Buy, citing solid growth, healthy financials, and a compelling risk/reward profile versus the broader market. georgeclerk/iStock Unreleased via Getty Images
I would say that in my last article on BlackRock, Inc. (BLK), I was kind of wrong (check it here). A good part of my thesis was, in fact, reinforced in this quarter; Q2 showed
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
SEATTLE--(BUSINESS WIRE)--Starbucks Corporation (Nasdaq: SBUX) plans to release its third quarter fiscal year 2026 financial results after market close on Wednesday, July 29, 2026, with a conference call to follow at 1:15 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company’s website at https://investor.starbucks.com/. A replay of the webcast will be available on the company’s website until the end of day, Friday, September 11, 2026.
About Starbucks
Since 1971, Starbucks Coffee Company has been committed to responsibly sourcing and roasting high-quality arabica coffee. Today, with a global footprint of more than 41,000 company-operated and licensed coffeehouses and a growing presence in consumer-packaged goods, we are the world's premier purveyor of specialty coffee. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at about.starbucks.com or www.starbucks.com.
CSCO weekly chart shows potential bull flag and retracement towards top boundary of rising chanel. Source: TradingView Key Downside Levels to Watch The continuation of the bearish correction suggests that lower support levels may be tested before the correction is complete. If support fails to hold near the 38.2% Fibonacci level, the 50% retracement at $103.34 becomes the next downside target. That area may soon be joined by the rising 20-week moving average, adding to its potential significance. In addition, the upper boundary line of the original rising trend channel is near the 50% retracement zone. Since it has not yet been tested as support following the May channel breakout, there is a good chance that it will be tested before demand begins to recover.
Bullish Flag Holds the Key During the pullback, CSCO has formed a potential bullish flag pattern bounded by two parallel declining trendlines. The lower boundary line defines dynamic support, and given the structure of the formation, the 50% retracement level may be reached while maintaining the integrity of the potential bullish flag pattern. However, if support fails at the lower flag boundary, it would signal more significant selling pressure and further deterioration of the potentially bullish pattern.
Whether buyers can successfully defend support near the current Fibonacci retracement or the deeper 50% retracement zone will likely determine if this pullback ultimately proves to be a healthy correction within a longer-term uptrend or the start of a more significant corrective phase.
International Business Machines (IBM) remained under pressure after CNBC's Jim Cramer said the stock is not yet attractive despite its steep selloff, following
IBM shares extended their sharp decline on Wednesday after suffering one of the biggest one-day selloffs in the company's history, with analysts warning that changing corporate technology spending priorities could continue to weigh on the stock despite its long-term artificial intelligence ambitions.
The shares fell more than 2.7% on Wednesday, adding to Tuesday's 25% plunge that wiped out between $67 billion and $70 billion in market value.
The stock has now fallen more than 27% this year after the company released preliminary second-quarter results that missed Wall Street expectations.
The technology company reported adjusted earnings of $2.93 per share on revenue of $17.2 billion, below FactSet estimates of $3.01 per share on revenue of $17.86 billion.
While software revenue rose 5% during the quarter, consulting revenue was broadly flat, increasing 1% at constant currency, and infrastructure revenue declined 7%.
Investors appeared to focus less on the headline earnings miss than on management's explanation for the disappointing performance.
Chief executive Arvind Krishna said customers unexpectedly redirected spending toward AI-related hardware investments during the closing weeks of the quarter.
"In the last few weeks of June, we saw clients shift their quarterly capex spend toward servers, storage, and memory purchases to secure supply-constrained infrastructure ahead of expected price increases," Krishna wrote in a letter to investors.
"While we anticipated some supply chain-related impact in our expectations, we did not anticipate the magnitude of the capex reprioritization," he said.
The comments reinforced concerns that enterprises are prioritising foundational AI infrastructure over broader software and consulting projects, leaving companies such as IBM exposed to shifting IT budgets.
The spending trend has also been cited by other technology companies as customers race to secure computing capacity amid surging demand for AI workloads.
Analysts downgrade IBM; expect stock to remain range-boundFollowing the earnings disappointment, Oppenheimer downgraded IBM to Perform from Outperform and removed its $350 price target.
The brokerage noted that software revenue growth of 5% fell well short of its own 12% estimate.
According to Oppenheimer, IBM attributed much of the weakness to delays in closing large mainframe-related software deals rather than outright cancellations, with stronger-than-expected growth at Red Hat and continued momentum from HashiCorp and Confluent partially offsetting the shortfall.
Infrastructure revenue decline of 7% was also higher than Oppenheimer's expectation for a 5% decline.
The brokerage said consulting growth of just 1% also came in below forecasts.
Oppenheimer warned that it would be "difficult for IBM to get 'double-digit' CC growth in software for CY26/27 without additional large acquisitions or a material catch-up in large deals."
"The bull thesis will take longer to materialize, and we anticipate the stock will be range-bound near term," analyst Ittai Kidron Singh wrote.
The firm added that the migration of enterprise spending toward servers and storage should benefit hardware suppliers while creating near-term risks for infrastructure software companies facing tighter IT budgets.
HSBC also turned more cautious, cutting its recommendation from Hold to Reduce while lowering its price target to $191.
CNBC's Jim Cramer said IBM has found itself on the wrong side of an important shift in enterprise technology spending.
"That's the new reality, and I have no idea when it will change, which is why I can't recommend IBM, not even after today's severe decline," the "Mad Money" host said on Tuesday.
Cramer argued that businesses are increasingly concentrating their technology budgets on three areas: cybersecurity, AI hardware and AI token consumption costs.
"Unfortunately for IBM, they have too many products and services that fall into the 'other types of spending' categories, even if they also have a decent overall AI narrative," he said.
While praising Krishna for taking responsibility for the weak quarter and acknowledging IBM's attractive dividend yield of more than 3%, Cramer said those positives were insufficient to offset broader concerns.
"I'm too worried about these trends to say that IBM's now safe to buy," he said.
"We're at the point in the year where IT managers are putting together their budgets for 2027, and you have to assume that these three priorities I just identified will continue to dominate, which means anything outside of them has a real problem."
"I hope that IBM truly is just seeing its deals get delayed, and not canceled," he added. "But I can't tell you to buy a stock because I hope something is true."
Citi analyst Fatima Boolani said the weak quarter had increased uncertainty around IBM's growth outlook.
"In what we garner is now a likely wider-dispersion for 2026/2027 expectations, renewed and emboldened 'AI-disruptee/AI-loser' concerns, we anticipate shares to be tethered," she said.
Goldman Sachs analyst James Schneider said the results reflected broader spending shifts across the industry rather than purely company-specific challenges.
"We believe the mainframe shortfall reflects client demand re-prioritization toward near-term server and other hardware purchases given surging memory and component prices, a dynamic consistent with what peers such as Dell and HP have cited," Schneider said.
He added that weaker transaction processing revenue stemmed from fewer new mainframe purchases, while IBM's Data & Automation software business also faced company-specific execution issues.
, /PRNewswire/ -- CPC Biotech, part of PSG and Dover (NYSE: DOV) and a leading manufacturer of connectors, pumps, and flow sensors used in biopharmaceutical processing, today announced the launch of the RevolveSD™ Series. The new one-inch, single-use product enables sterile disconnection of bioprocess tubing in fewer steps than traditional methods that rely on clamps or sealers. RevolveSD disconnects allow bioprocessors to complete sterile disconnections in seconds, while also reducing setup time.
"We created RevolveSD connectors to simplify sterile disconnection in biopharmaceutical processes," said Spencer Juola, product manager, CPC Biotech. "Operators can disconnect tubing without special equipment, and as a true one-time disconnect, this product helps prevent unintended reconnection and the associated risks of process sterility breaches."
The RevolveSD Series is made of durable, lightweight polyphenylsulfone (PPSU), which is compatible with harsh chemicals used in applications such as antibody drug conjugate manufacturing. Its metal-free construction also eliminates corrosion risks in the flow path.
The RevolveSD Series features dual-valve, non-spill technology that minimizes residual fluid on the external valve face after disconnection. Its one-inch flow path size and valve design support smooth, bidirectional flow, minimizing turbulence and restriction.
"The RevolveSD Series addresses a real industry need for a high-flow disconnect that is sterile, single-use, and incredibly easy to use, according to early customer feedback," Juola continued. "As the makers of AseptiQuik Series connectors, we have a long history of providing bioprocessors with robust solutions that meet demanding performance requirements. The RevolveSD Series builds on that expertise by bringing new efficiencies to large-scale bioprocessing, streamlining fluid disconnections and reducing tear-down complexities."
For more information about the performance and versatility of the RevolveSD Series, please visit the CPC Biotech website.
About CPC Biotech:
CPC Biotech is at the forefront of bioprocessing fluid management and flow control, offering a comprehensive portfolio of critical components: connectors, pumps, flow meters and sensors. Our industry-leading products permit biopharma innovators to produce next-generation biologics and therapeutics with optimal integrity, yield, efficiency and scalability. From lab to commercial launch, we enable those who drive breakthroughs in medicines and biologics that transform lives and advance humanity. CPC Biotech is part of Pump Solutions Group (PSG), an operating company within Dover Corporation. To learn more about CPC Biotech, please visit cpc-bio.com.
About PSG:
PSG is the global pump, metering, connector, and dispensing-solution expert, enabling the safe and efficient transfer of critical and valuable fluids that require optimal performance and reliability in applications where it matters most. Additionally, PSG is a leading provider of flow meters designed to reduce waste and downtime while accurately measuring, monitoring and controlling the distribution of fluids. Headquartered in Downers Grove, Illinois, USA, PSG is comprised of several world-class brands, including Abaque, All-Flo, Almatec, Blackmer, CPC Biotech, Cryo-Mach, Ebsray, em-tec, Griswold, Hydro, ipp, Malema, Mouvex, Neptune, Quantex, and Wilden. PSG products are manufactured on three continents – North America, Europe and Asia – in state-of-the-art facilities that practice lean manufacturing and are ISO-certified. PSG is part of the Pumps & Process Solutions segment of Dover Corporation. For additional information on PSG, please visit psgdover.com. PSG: Where Innovation Flows.
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.
CPC Biotech Contact:
Jana Stender
(612) 564-2053
[email protected]
Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
[email protected]
SummaryFastly is in technical breakout mode, trading above major resistance and bouncing off its 50-EMA, signaling bullish momentum.I expect FSLY's 200-EMA and anchored VWAP around $17 to provide a strong downside floor, with institutional demand supporting these levels.The options market anticipates a 14.5% move ahead of the August 5th earnings, with key levels at $22 resistance and $17 support.My strategy is to ride the momentum up to earnings, using a breach of the 50-EMA as a stop and avoiding fundamental risk. Ekaterina Vakhrusheva/iStock via Getty Images
Cloud and cybersecurity firm Fastly (FSLY) has been on a rollercoaster over the past few months, sitting near the middle of its YTD track record. The stock, which started the year around $10, peaked at $33.50 in April before
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of FSLY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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