Track market-moving stories before they get noisy

It’s been an unforgiving past week for the iShares Semiconductor ETF (NASDAQ:SOXX), down just over 8%, even with the 3.6% bounce on Wednesday. Meanwhile, shares of Nvidia (NASDAQ:NVDA | NVDA Price Prediction) are up close to 6%, a stark contrast to the action we’ve seen in the semis of late.

In many ways, it feels like Nvidia trades more like a member of the Magnificent Seven than like just another semiconductor firm. Given its wide economic moat and opportunities that go far beyond chips, perhaps Nvidia deserves to rally on the up days for the semis while being mostly spared from the pain when the semis implode.

Since the start of the year, Nvidia hasn’t really traded closely with the hotter iShares Semiconductor ETF. With the GPU giant missing the boat on the way up, perhaps it should come as no surprise to see the firm being spared from the latest wave of selling that hit the semiconductor scene so suddenly.

Nvidia’s been surprisingly resilient amid the latest round of semi volatility While it’s far too soon to tell if Nvidia is immune to the semiconductor sell-off, something I mentioned in passing in a prior piece covering the AI chip giant, I do think that the company is behaving more like a defensive play on the chip scene.

And once momentum does reverse course, I do view Nvidia as a firm that could outperform by losing less ground than its more cyclical peers that lack that software moat. Whether we’re talking about the CUDA lock-in or other profoundly powerful tools that enable new technological trends (think NVQLink), it’s clear that Nvidia is just a cut above many of the far-hotter DRAM or NAND makers.

Beyond its more magnificent attributes that go above the hardware layer, and its many partnerships with some of the best forces across the AI scene, Nvidia has arguably already paid its dues in the past six months, with shares dragging their feet not only relative to the red-hot semis, but the Nasdaq 100, the S&P 500, and even Coca-Cola (NYSE:KO), which posted is up 20% year to date.

Will Nvidia’s resilience continue if the semi sell-off gets really bad? Just because Nvidia shares have been incredibly resilient thus far doesn’t mean they can’t suddenly fall in sympathy with the rest of the semi scene. But, unlike most other pricier semi plays, Nvidia has that lower valuation that it can fall back on.

The stock trades at just north of 31.0 times trailing price-to-earnings (P/E) while the iShares Semiconductor ETF goes for a closer to 40.0 times trailing P/E.

I don’t think it makes a lot of sense for Nvidia to go for a discount when it’s arguably the most dominant company in the semi waters, with a visionary leader in Jensen Huang whose leadership deserves to go for a big, fat premium to the industry, at least in my view.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

With that lower valuation cushion and lots of earnings-growth fuel as the “Vera Rubin boom” arrives, I do think Nvidia might be the only semi stock to “safely” reach for at a time like this, when investors fear higher rates and a peaking out of the hyper-cylical chip plays.

The bear case is still quite scary for Nvidia shareholders Where Nvidia’s relative resilience could collapse, though, is if hyperscalers hint at tying future CapEx to the ROIs that flow in.

Indeed, you don’t even need a hyperscaler to step up to the podium to announce that CapEx is coming down or staying at a ceiling for the semis, including Nvidia, to enter a vicious, panic-driven sell-off. I have no idea when or if the hyperscalers will start getting serious about monetization.

When the Fed started raising rates back in 2022, much of big tech looked to layoffs in what was a year of efficiency after overhiring in the years prior. Could the same happen to AI, especially now that they’ve cut costs elsewhere to keep their AI CapEx in a competitive spot? Time will tell.

Either way, a CapEx freeze from one hyperscaler, I think, might be enough to cause a panic and perhaps a violent rotation away from AI and towards less-CapEx-intensive businesses outside of tech. Over the long run, I expect CapEx to shoot higher.

But does that mean one “freeze” year is off the table? In my view, one AI winter might be the healthiest thing for the AI revolution from a long-term perspective.

The bottom line So, in short, Nvidia looks immune this past week, and while it could continue to be a better chip stock to own amid volatility, I think all bets are off should a hyperscaler stop raising the bar on CapEx.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

Contact [email protected] for any questions or corrections.

Following recognition as #1 in Customer Satisfaction for Small Business Wireless Service in 2025, AT&T was rated highest among internet providers for small business internet customer satisfaction, reinforcing its advantage in converged connectivity

Key Takeaways:

AT&T ranked #1 in Customer Satisfaction for Small Business Internet Service in the JD Power 2026 U.S. Business Internet Satisfaction Study.1 The company was also ranked #1 in Customer Satisfaction for Small Business Wireless Service in the 2025 U.S. Business Wireless Customer Satisfaction Study.2 Together, these recognitions reinforce AT&T Business' leadership in converged connectivity – internet and wireless coming together to keep businesses connected – and shows how we meet high expectations for performance, reliability, and customer care nationwide. With fast, secure business-grade internet connectivity and 24/7 customer care support, AT&T helps small businesses operate with confidence and stay focused on serving their customers. , /PRNewswire/ -- AT&T was ranked highest for small business internet customer satisfaction in the JD Power 2026 U.S. Business Internet Satisfaction StudySM, following the company's #1 ranking in Customer Satisfaction in Small Business Wireless Service in the JD Power 2025 U.S. Business Wireless Satisfaction StudySM. Together, these recognitions reflect AT&T's continued focus on delivering what small businesses need: converged connectivity. Small businesses are looking for reliable internet and wireless solutions that work together to serve customers, support employees, manage operations, and stay connected even when conditions change.

The JD Power 2026 U.S. Business Internet Satisfaction Study evaluated performance and reliability, cost of service, communications, billing, digital account management, and customer service. AT&T's top ranking places the company ahead of its competitors and reflects the complete experience small businesses depend on. Its differentiation comes from the strength of its network and the way it brings performance, reliability, and customer service together without added complexity.

"For small businesses, connectivity goes beyond utility. It's the foundation for serving customers, managing day-to-day operations, and staying ready for what's next," said Melissa Arnoldi, executive vice president and general manager, AT&T Business. "These JD Power recognitions show that small businesses value the reliable service and experience AT&T delivers across both internet and wireless. Connecting changes everything, and we're committed to giving business owners the confidence to move business forward, backed by the scale, reliability, and security of our network."

Why Small Businesses Choose AT&T
Small businesses need more than an internet connection. They need technology that helps keep them running across locations, employees, devices, and customer interactions. The JD Power rankings show AT&T does just that and how it stands apart from other providers.

The company offers business-grade connectivity solutions designed to simplify operations and help businesses work smarter, supported by dedicated 24/7 customer service, including:

AT&T Business Fiber® with 5G Backup – Small businesses can't afford downtime. Our Integrated Gateway for AT&T Business Fiber®3 combines our fiber infrastructure with our nationwide 5G network. It delivers fast, dependable wired internet with symmetrical upload and download speeds up to 5 GIG4 and 99.9% uptime5. If there's a fiber outage, built-in 5G backup helps keep businesses connected. AT&T Internet Air® for Business – For small businesses that need a simple, flexible internet option, AT&T Internet Air® for Business delivers 5G-powered connectivity that's easy to install and runs over the reliable AT&T 4G, 5G & 5G+ wireless network.6 AT&T Wireless Broadband – For teams that need internet beyond a fixed location, AT&T Wireless Broadband provides an on-the-go internet solution over the AT&T cellular network. AT&T Dynamic Defense® – Cybersecurity can be hard for small businesses to manage on their own. AT&T Dynamic Defense® on AT&T Business Fiber provides best-in-class intelligence that adapts to ever-evolving threats and risks, helping protect small businesses by reducing the amount of malicious traffic from ever reaching their network.7 AT&T Guarantee® for Business – Small business owners need a provider that stands behind every connection. We are the first and only carrier with a guarantee that includes both wireless and fiber networks. The AT&T Guarantee® for Business reflects AT&T's commitment to providing the connectivity businesses depend on, the deals they want, and prompt, friendly service they deserve, or we'll make it right. In the rare event of a network outage, we'll credit you for your AT&T Business internet or wireless downtime.8 "Small businesses do not run on internet or wireless alone. They need both working together to stay connected wherever business happens," said Viraj Parekh, vice president of converged networking, AT&T Business. "That's what converged connectivity is solving, and it is where AT&T is continuing to invest. By bringing together fiber, 5G, wireless backup, and network-based security on the strength of the AT&T network, we're giving small businesses a simpler, more reliable way to connect that is built for how they operate. Being ranked #1 by customers for both small business internet and business wireless customer satisfaction shows that our converged approach is delivering a better experience than the competition."

With America's largest wireless network and a growing fiber footprint supported by significant capital investment, AT&T is delivering business-grade connectivity small businesses can count on. 

To learn more about AT&T Business internet solutions, visit business.att.com.

JD Power U.S. Business Internet Satisfaction Study Methodology
The 2026 U.S. Business Internet Satisfaction Study is based on responses from 4,091 business customers of internet services. The study evaluates business internet experiences across seven factors: performance and reliability; cost of service; communications; sales representatives (medium business and large enterprise); billing; digital account management; and customer support. The large enterprise segment includes businesses with 500 or more employees; the medium business segment includes businesses with 20 to 499 employees; and the small business segment includes businesses with less than 20 employees. The study was fielded from March through May 2026.

For more information about the U.S. Business Internet Satisfaction Study, visit www.jdpower.com/business/u-s-business-internet-satisfaction-study.

1AT&T received the highest score among small businesses in the JD Power 2026 U.S. Business Internet Satisfaction Study, which measures overall satisfaction among business customers of internet services. Visit jdpower.com/awards for more details.
2AT&T received the highest score in the small business segment of the J.D. Power 2025 U.S. Business Wireless Satisfaction Study, which measures customers' satisfaction with their current business wireless carrier. Visit jdpower.com/awards for more details.
3Integrated Internet Back-up: Requires Business 1-Gig or higher & WNC-CGW452 gateway. Wireless Data Restrictions: After 250GB, AT&T may temporarily slow data speeds if the network is busy & data speeds are up to a max of 3 Mbps. Video streaming limited to SD. Speed, coverage, and performance not guaranteed. Feature subject to AT&T network agreement practices (att.com/broadbandinfo). Wireless backup does not work in the event of power loss. Battery backup options may be available at an additional cost. Add'l terms & restrictions apply. For details, see the AT&T Customer Service Agreement (att.com/CSA) and the additional Integrated Backup incorporated therein.
4Based on wired connection to gateway.
5Based on network availability.
6AT&T 5G requires compatible plan and device. Coverage not available everywhere. Learn more at att.com/5Gnetwork.
7AT&T Dynamic Defense® is available with AT&T Dedicated Internet℠, AT&T Switched Ethernet on Demand℠ with Internet Offload, and select areas for AT&T Business Fiber.
8Credit for fiber downtime lasting 20 minutes or more, or for wireless or AT&T Internet Air for Business downtime lasting 60 minutes or more if connected to impacted tower at onset of outage. Wireless downtime must be caused by single incident impacting 8 or more towers. Restrictions and exclusions apply. See details

About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.

SOURCE AT&T

Ahead of Bank of America Corp‘s (NYSE:BAC) second-quarter earnings report on Tuesday, July 14, investors are likely eyeing potential dividend gains.

Currently, the bank has an annual dividend yield of 1.92% — a quarterly dividend of 28 cents per share ($1.12 a year).  

So, how can investors use its dividend yield to pocket a regular $500 per month?

To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $312,313 or around 5,357 shares. For a more modest $100 per month or $1,200 per year, you would need $62,439 or around 1,071 shares.

To Calculate Bank of America DividendsDivide the desired annual income ($6,000 or $1,200) by the dividend ($1.12 in this case). So, $6,000 / $1.12 = 5,357 ($500 per month), and $1,200 / $1.12 = 1,071 shares ($100 per month).

Note that dividend yield can change on a rolling basis; the dividend payment and the stock price fluctuate over time.

How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.

For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

Similarly, changes in Bank of America dividends can affect the yield. If a company increases its dividend, its yield will also increase, provided the stock price remains unchanged. Conversely, if the dividend payment decreases, so will the yield.

BAC Price Action: Shares of Bank of America fell 2.6% to close at $58.30 on Wednesday.

Analysts expect the bank to report quarterly earnings of $1.12 per share. That’s up from 89 cents per share a year ago. The consensus estimate for Bank of America’s quarterly revenue is $30.6 billion. It reported $26.46 billion last year, according to Benzinga Pro.

UBS analyst Erika Najarian, on Tuesday, maintained Bank of America with a Buy and raised the price target from $63 to $68.

Photo via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Altria (MO +0.34%), the largest tobacco company in America, might not seem like a reliable long-term investment. It owns Marlboro, the top cigarette brand in the country, but adult smoking rates in the U.S. have steadily declined over the past six decades. It also spun off its higher-growth overseas business as Philip Morris International (PM 0.92%) in 2008.

Yet over the past five years, Altria's stock has still rallied 56% and generated a total return of 129% after reinvesting dividends. It's also raised its dividend 60 times over the past 56 years, making it a Dividend King that has hiked its payout for at least 50 consecutive years.

Image source: Getty Images.

It pays a forward dividend yield of 5.8%, compared to the 10-Year Treasury's 4.6% yield, and it spent only 81% of its free cash flow (FCF) on dividends over the past 12 months. Let me explain why those dividends are sustainable, why its core business is still growing, and why it's a great income stock to buy this month as some investors shun stocks during the slow summer months.

Today's Change

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0.34

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0.25

Current Price

$

73.06

Why is Altria's business sustainable? For decades, Altria raised its cigarette prices, cut costs, and repurchased more shares to grow EPS even as revenue growth slowed. It expanded its portfolio of smoke-free products -- including e-cigarettes, nicotine pouches, and snus -- to curb its dependence on smokeable products. That's why it acquired the top e-cigarette brand, NJOY, in 2023. The expansion of its On! nicotine pouches has also been increasing its share of the oral tobacco market.

By 2028, Altria aims to generate at least $5 billion in smoke-free revenue, equivalent to 24% of its projected sales, to offset declining cigarette shipments. It also bought back 9% of its shares over the past five years, and those buybacks will continue for the foreseeable future.

Altria is naturally insulated from tariffs and trade wars, since it produces nearly all of its products within the United States and sells them here. Its smoke-free portfolio could also benefit from an FDA crackdown on the market's smaller alternative nicotine products.

Analysts expect Altria's EPS to grow at a 13% CAGR from 2025 to 2028 as those catalysts kick in. That's why its stock still looks like a bargain at 13 times this year's earnings, and why it will remain an attractive investment even if the broader market pulls back. As many investors "sell in May and go away" for the summer, I'm still willing to buy more Altria shares.

SAN JOSE, Calif., July 09, 2026 (GLOBE NEWSWIRE) -- Zoom Communications, Inc. (NASDAQ: ZM) today announced a standalone offering for Zoom Virtual Agent (ZVA) Receptionist, enabling organizations to add an AI-powered front desk to their existing phone system without requiring Zoom Phone, helping organizations improve customer responsiveness, extend business availability, and capture more opportunities.

For many businesses, inbound calls are opportunities to win a customer, book an appointment, or strengthen an existing relationship. Yet according to research, 71% of consumers find calling a business more stressful than the issue they're trying to resolve, and 50% say they would switch to a competitor after a single bad experience.

With Zoom Virtual Agent Receptionist, organizations can provide fast, always-available customer assistance through natural, conversational AI that answers calls, assists customers, and routes inquiries around the clock. With support for more than 10 languages, built-in live transcription, appointment scheduling, and intelligent call routing, Zoom Virtual Agent Receptionist helps businesses deliver responsive customer experiences while enabling employees to focus on the conversations that matter most.

“Businesses shouldn’t have to replace their phone system to benefit from AI,” said Chris Moss, general manager of Zoom Phone. "Every inbound call is an opportunity to serve a customer or nurture a prospect. With the standalone Zoom Virtual Agent Receptionist offering, organizations can quickly add an AI-powered front desk to their existing systems, helping them answer more calls, respond faster, and stay available around the clock.”

Extending AI Receptionist capabilities beyond Zoom Phone

Originally introduced as part of Zoom Phone, Zoom Virtual Agent Receptionist is now available across existing business phone systems, making it easier for organizations to adopt AI without changing their communications infrastructure.

Zoom Virtual Agent Receptionist helps organizations:

Answer and greet every caller with natural, conversational AI in multiple languages.Resolve common customer needs by answering business questions, scheduling appointments, and providing after-hours support.Connect customers to the right person with intelligent call routing and seamless handoff when human assistance is needed. Organizations can now add an AI-powered front desk without changing their existing phone system, making it easier to improve customer responsiveness while preserving existing technology investments and avoiding major migrations.

Whether supporting a retail store, healthcare practice, law office, or growing small business, Zoom Virtual Agent Receptionist helps ensure every caller receives timely, professional assistance while enabling employees to remain focused on serving customers.

Helping organizations capture every opportunity.

Since every inbound call has the potential to generate new business, appointments, or revenue, responsiveness is key to maintaining a competitive edge. During busy periods, after hours, or when employees are focused on helping customers in person, businesses often struggle to respond as quickly as customers expect.

By bringing AI receptionist capabilities to existing phone systems, Zoom is helping organizations improve responsiveness, extend business availability, and create better first impressions without disrupting the technology they already trust.

Available now

Standalone Zoom Virtual Agent Receptionist is available for purchase online beginning today, starting at $29.99 USD per month/100 minutes, or $24.99 USD per month/100 minutes with annual billing. To learn more, visit Zoom.com.

Organizations can also explore Zoom Virtual Agent Receptionist through a free trial program available to both new and existing customers.

About Zoom
Zoom (NASDAQ:ZM) is a system of action for modern work, turning live collaboration into completed results. From entrepreneurs to global enterprises, customers choose Zoom to seamlessly collaborate, communicate, and drive outcomes across meetings, phone, contact center, and more — all with the built-in assistance of Zoom AI. Founded in 2011, Zoom is headquartered in San Jose, CA. For more information, visit zoom.com.

Zoom Public Relations
Travis Isaman
[email protected]

July 09, 2026 08:00 ET  | Source: Verizon Communications, Inc.

At a glance:

Verizon will provide 5G Standalone and LTE connectivity directly to BMW Group vehicles in the U.S., delivering exclusive telematics support for the BMW Connected Drive system in newly manufactured vehicles The deal stems from Verizon’s long-term partnership with KDDI, which supplies its proprietary Global Communications Platform to BMW Group and global connected services to OEMs in various other industries NEW YORK and DALLAS, July 09, 2026 (GLOBE NEWSWIRE) -- Verizon Business and KDDI today announced a collaboration with BMW Group uniting Verizon’s world-class 5G and LTE networks, KDDI’s expansive Global Communications Platform, and BMW Group’s superior automotive engineering for a second-to-none connected-vehicle experience.

Verizon now provides telematics connectivity for new BMW, MINI, and other BMW Group vehicles manufactured for the U.S. market. This collaboration delivers cellular connectivity directly to BMW Group vehicles, enabling BMW Connected Drive and other digital infotainment, remote, app and telematics services.

“Verizon is committed to delivering seamless connectivity for customers. Our collaboration with BMW Group and KDDI prioritizes innovation and capability to advance the connected experience for drivers across the U.S.,” said Kyle Malady, CEO, Verizon Business.

This major launch stems from Verizon’s long-standing relationship with KDDI, who provides IoT services through its Global Communications Platform to Original Equipment Manufacturers (OEMs) in demanding industries. KDDI’s platform enables a programmable connected experience for BMW Group, giving the automaker complete control of the connectivity and data packets flowing reliably and securely through Verizon’s state-of-the-art 5G network. The service is available for all newly manufactured BMW Group vehicles in the United States.

“At KDDI, we are honored to support BMW Group’s next generation connected vehicle services with our Global Communications Platform,” said Satoshi Oishi, President & CEO, KDDI America Inc. “With over two decades of experience in connected car telecommunications, we understand the critical importance of performance and reliability. Together with BMW Group and Verizon, we are committed to delivering an exceptional connected driving experience to customers across North America.”

These vehicles are the first to be connected to Verizon’s nationwide 5G Standalone for Connected Vehicles offering using its 5G core and 3GPP Release 16 industry standards for 5G standalone.

Visit LinkedIn for more information about KDDI and its connected-vehicle subsidiary KDDI Spherience.

Visit Verizon’s connected-vehicle website to learn more about our services and capabilities or to reach out to a Verizon Business sales representative.

This announcement was originally published by Verizon. Read the original press release.

Media contact:
Matt Conte
[email protected]
(917) 848-3040

Brian Vaughn
[email protected]
(469) 855-8984

Goldman Sachs (GS - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this investment bank have returned +2.8%, compared to the Zacks S&P 500 composite's +1.1% change. During this period, the Zacks Financial - Investment Bank industry, which Goldman falls in, has gained 6.4%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Goldman is expected to post earnings of $14.47 per share for the current quarter, representing a year-over-year change of +32.6%. Over the last 30 days, the Zacks Consensus Estimate has changed +3.5%.

For the current fiscal year, the consensus earnings estimate of $60.44 points to a change of +17.8% from the prior year. Over the last 30 days, this estimate has changed +2.3%.

For the next fiscal year, the consensus earnings estimate of $67.34 indicates a change of +11.4% from what Goldman is expected to report a year ago. Over the past month, the estimate has changed +2.4%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Goldman is rated Zacks Rank #2 (Buy).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of Goldman, the consensus sales estimate of $16.49 billion for the current quarter points to a year-over-year change of +13.1%. The $64.75 billion and $67.99 billion estimates for the current and next fiscal years indicate changes of +11.1% and +5%, respectively.

Last Reported Results and Surprise HistoryGoldman reported revenues of $17.23 billion in the last reported quarter, representing a year-over-year change of +14.4%. EPS of $17.55 for the same period compares with $14.12 a year ago.

Compared to the Zacks Consensus Estimate of $16.98 billion, the reported revenues represent a surprise of +1.48%. The EPS surprise was +7.41%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Goldman is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Goldman. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.

Key Takeaways McDonald's sees the 2026 FIFA World Cup as a chance to deepen engagement and lift restaurant traffic.McDonald's plans event-linked marketing across the U.S., Canada and Arcos Dorados during the tournament.McValue, McCafe and menu innovation may help convert World Cup attention into more restaurant visits. McDonald’s Corporation (MCD - Free Report) is navigating a challenging consumer backdrop from a position of strength. In the first quarter of 2026, global comparable sales increased 3.8%, while systemwide sales grew 6% in constant currency. The company also gained market share across nearly all of its top 10 markets, underscoring the effectiveness of its value-led strategy. As the FIFA World Cup unfolds across North America, McDonald's has an opportunity to build on that momentum by using one of the world's largest sporting events to deepen customer engagement and support restaurant traffic.

FIFA Supports McDonald's Customer Engagement StrategyMcDonald's has maintained a relationship with the FIFA World Cup for more than three decades, but the 2026 tournament carries added strategic significance as matches are being hosted across the United States, Canada and Mexico. Management stated that its U.S. and Canadian businesses, together with Arcos Dorados, have a robust marketing calendar tied to the event, reflecting the company's intent to capitalize on heightened consumer attention during the tournament.

The World Cup complements McDonald's broader growth strategy rather than serving as a standalone initiative. The company continues to pair compelling value with culturally relevant marketing and menu innovation to drive customer traffic. Its recently enhanced McValue platform, featuring under-$3 menu items and expanded meal deals, strengthens its affordability proposition, while the nationwide rollout of the new McCafe beverage platform broadens consumption occasions beyond traditional meal times. Together, these initiatives likely position McDonald's to translate event-driven consumer engagement into incremental restaurant visits.

However, weak consumer sentiment, elevated gas prices and continued pressure on lower-income customers remain concerns. Nevertheless, McDonald’s emphasis on disciplined execution and its enhanced McValue platform bodes well. If McDonald’s successfully integrates its FIFA activation with its value, marketing and menu strategies, the tournament could help reinforce customer engagement and support sales momentum through the remainder of 2026.

MCD’s Price Performance, Valuation & EstimatesShares of McDonald’s have dropped 2.8% in the past year compared with the industry’s fall of 4.3%. In the same time frame, other industry players, including Starbucks Corporation (SBUX - Free Report) , have gained 12%, while Dutch Bros Inc. (BROS - Free Report) lost 2.1%.

MCD Stock’s One-Year Price Performance
Image Source: Zacks Investment Research

From a valuation standpoint, MCD trades at a forward price-to-sales (P/S) multiple of 6.75, above the industry’s average of 3.38. Then again, other industry players, such as Starbucks and Dutch Bros, have P/S ratios of 2.98 and 4.88, respectively.

MCD’s P/S Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for MCD’s 2026 earnings per share has declined from $13.07 to $12.93 in the past 60 days.

EPS Trend of MCD Stock
Image Source: Zacks Investment Research

The company is likely to report strong earnings, with projections indicating a 6% year-over-year increase in 2026. Conversely, industry players like Dutch Bros are likely to project a rise of 22.4% in 2026 earnings. Starbucks is likely to witness growth of 12.7% year over year in fiscal 2026 earnings.

MCD’s Zacks RankMCD stock currently has a Zacks Rank #4 (Sell).

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

9.7.2026 16:03

Prodeje existujících domů (červen):
aktuální hodnota: 4,09 mil.
očekávání trhu: 4,20 mil.
předchozí hodnota: 4,17 mil. / revize: 4,19 mil.

Prodeje existujících domů (m-m) (červen):
aktuální hodnota: -2,4 %
očekávání trhu: 1,0 %
předchozí hodnota: 3,2 % / revize: 3,7 %

Zdroj: Bloomberg

Michal Šnobl
Fio banka, a.s.
Prohlášení

HomeIndustriesFood/Beverages/TobaccoEarnings ResultsEarnings ResultsBeverage and snack giant’s stock fell as an earnings beat didn’t prompt an increase in the full-year outlookJuly 9, 2026, 7:57 a.m. ET

PepsiCo's stock was set to fall as the company's North America business lagged, but strength in international business led to an earnings beat. Photo: Getty ImagesShares of PepsiCo fell in early Thursday trading after the beverage and snack giant’s fiscal second-quarter profit and revenue beat expectations — but didn’t prompt an increase in the full-year outlook.

And while the international business showed strong growth, the North America volume in the snacks business was flat despite a second consecutive quarter of price cuts — and the beverages business remained a problem.

© Joe Raedle / Getty Images News via Getty Images

With PepsiCo (NASDAQ:PEP | PEP Price Prediction) set to report Q2 2026 earnings before the market opens on July 9, 2026, investors are asking whether to buy the beverage and snacks giant ahead of the earnings report.

Our 24/7 Wall St. price target for PepsiCo is $171.20, implying 18.09% upside from $144.98. Our recommendation is a buy, with a high confidence (90%) reading on the model.

Metric Value Current Price $144.98 24/7 Wall St. Price Target $171.20 Upside 18.09% Recommendation BUY Confidence 90% PepsiCo Heads Into Earnings on a Hot Streak PepsiCo has quietly rebuilt momentum. Shares are up 7.08% in the past week, 2.98% year to date, and 12.09% over one year, sitting just 2% below the 52-week high of $168.19.

Q1 2026 delivered core EPS of $1.61 versus $1.5442 expected on revenue of $19.443B, with operating margin expanding 210 basis points to 16.5%. International segments carried the quarter, with EMEA revenue up 18% and Asia Pacific Foods core operating profit up 35%. Polymarket traders are pricing in a 91% probability of an earnings beat on Thursday.

Why Bulls See a Breakout to $178+ Our bull-case scenario projects PepsiCo reaching $178.45 over the next twelve months, a 23.09% total return. The thesis rests on continued international acceleration, margin expansion from record productivity savings, and successful restaging of Pepsi, Lay’s, Doritos, Gatorade, and the recently acquired poppi brand.

Management reaffirmed FY2026 guidance for 2-4% organic revenue growth and 4-6% core constant-currency EPS growth. The 54th consecutive dividend increase to $5.92 annualized and a fresh $10B buyback authorization through Feb 28, 2030 underline the capital-return story.

Of 24 analysts, 4 rate PEP Strong Buy and 4 Buy, with the Street’s $165.55 average target already above the current quote.

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The Risks Worth Watching The bear case gets PepsiCo to $154.37, a still-positive 6.48% return. The biggest overhang is North America convenient foods, where PFNA organic revenue has been flat to negative and US consumers remain squeezed. Tariff-driven commodity costs, FX volatility, and further brand impairments (Rockstar and Be & Cheery took $1.86B in Q2 2025) sit on the risk ledger.

Bulls would counter that FY2025 GAAP weakness reflected non-cash impairments, not core deterioration, and that Q1 2026 net income surged 84.24% YoY as those pressures normalized. Prediction markets see organic growth clustering in the 2%-3% range with 95.3% probability, so a hot upside surprise on Thursday looks unlikely.

Bottom Line on PepsiCo My verdict is a buy with 90% confidence and a 24/7 Wall St. price target of $171.20. The scale tips on international momentum, margin expansion, and a dividend aristocrat pedigree backing a 3.95% yield.

The bull thesis strengthens if Thursday’s report confirms convenient foods volume recovery and margin gains hold. The setup weakens if North America volumes turn negative again or management softens FY2026 guidance. With shares still 14% below Wall Street’s $165.55 consensus, the risk/reward tilts favorably.

Looking further ahead, our model projects the following trajectory, assuming PepsiCo executes on its 2-4% organic growth framework and 4-6% EPS growth guidance.

Year 24/7 Wall St. Price Target 2026 $154.64 2027 $171.20 2028 $193.68 2029 $211.82 2030 $226.99 These projections assume PepsiCo continues restaging global brands and expanding international margins. Significant upside or downside could result from tariff resolution, poppi’s contribution to the beverage portfolio, or a sharper-than-expected US consumer downturn.

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Teva secures exclusive global rights to commercialize Polpharma Biologics’ biosimilar candidate to Ocrevus® (ocrelizumab), including both intravenous and subcutaneous formulations. Agreement advances Teva’s Pivot to Growth strategy by expanding its biosimilars pipeline through strategic collaborations.Agreement reflects both companies’ commitment to broadening access to biologic medicines.
TEL AVIV, Israel and ZUG, Switzerland, July 09, 2026 (GLOBE NEWSWIRE) -- Teva Pharmaceuticals International GmbH, a subsidiary of Teva Pharmaceutical Industries Ltd (NYSE: and TASE: TEVA) and Polpharma Biologics International AG today announced a global licensing agreement granting Teva exclusive rights to commercialize both formulations of Polpharma Biologics’ proposed biosimilar to Ocrevus®1 (ocrelizumab), upon regulatory approval. This strategic agreement is expected to combine Polpharma Biologics’ proven biosimilar development expertise with Teva’s commercial footprint and capabilities.

“This agreement reflects our focus on pushing high-quality biologics to the finish line efficiently and at scale,” said Anjan Selz, Chief Executive Officer of Polpharma Biologics International AG. “Teva brings reach, discipline and real commercial strength to our strategic collaboration. Combining its global footprint with our technical and development capabilities creates a clear path to getting this medicine to patients who need more treatment options.”

Under the terms of the agreement, Polpharma Biologics retains full responsibility for the development and manufacturing of the biosimilar candidate. Teva will be responsible for regulatory submissions and, upon approval, commercialization of the intravenous and subcutaneous formulations in the United States, Europe, Brazil, Canada, Australia, New Zealand, Israel and Turkey.

“This agreement is aligned with Teva’s Pivot to Growth strategy and our focus on expanding our biosimilars pipeline. With our global commercial footprint and deep expertise in complex medicines, we are well positioned to help bring this biosimilar candidate to patients,” said Yolanda Tibbe, Vice President, Global Head of Biosimilars at Teva.

This strategic agreement reinforces both organizations’ commitment to broadening access to biologic medicines while promoting the long-term sustainability of healthcare systems.

About ocrelizumab
Ocrelizumab is a humanized monoclonal antibody designed to target CD20-positive B cells, which are believed to play a role in the autoimmune activity associated with multiple sclerosis. Ocrevus® (ocrelizumab) is indicated for the treatment of relapsing forms of multiple sclerosis and primary progressive multiple sclerosis. In the U.S., the intravenous formulation is marketed as Ocrevus®, while the subcutaneous formulation is marketed separately as Ocrevus Zunovo® (ocrelizumab and hyaluronidase-ocsq). In the EU, both formulations carry the single brand name Ocrevus®.

About Multiple Sclerosis
Multiple sclerosis is a chronic, unpredictable and progressive disease of the central nervous system, which includes the brain and spinal cord. In MS, the loss of myelin, the protective sheath surrounding nerve fibers, disrupts the transmission of electrical signals to and from the brain, leading to a wide range of symptoms.

MS affects people differently. Symptoms can fluctuate, with periods of worsening (relapses) followed by partial or full recovery (remission). Over time, some patients may also experience a gradual progression of disability.

Common symptoms include fatigue, weakness, numbness or tingling, walking difficulties, spasticity, dizziness, and vision problems, among others.

About Teva
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is transforming into a leading innovative biopharmaceutical company, enabled by a world-class generics business. For over 120 years, Teva’s commitment to bettering health has never wavered. From innovating in the fields of neuroscience and immunology to providing complex generic medicines, biosimilars and pharmacy brands worldwide, Teva is dedicated to addressing patients’ needs, now and in the future. At Teva, We Are All In For Better Health. To learn more about how, visit www.tevapharm.com.

About Polpharma Biologics
Polpharma Biologics International AG is a biopharmaceutical company focused on development and manufacturing of biosimilars for supply to global markets. We manage the entire value chain: from product selection and investment allocation, through program execution to asset monetization, ensuring fast progress from idea to launch in strong collaboration with our global partners.

Our international team of senior experts has proven experience in program leadership, regulatory strategy, CMC integration, device development, clinical oversight, and quality assurance. Working with trusted CDMOs and CROs, we deliver end-to-end biosimilars, from cell line to finished product, across a range of major therapeutic areas. Our commercial partners ensure access for patients to these medicines worldwide.

Our mission is to accelerate access to biologics. To fulfill that mission, we maintain a robust, expanding pipeline of biosimilars in development. www.polpharmabiologics.com

Media Contact – Polpharma Biologics
Stephanie Deitzer
Lead Transformation & Communications
Polpharma Biologics International AG
[email protected]
+41 78 600 53 59

Teva Cautionary Note Regarding Forward-Looking Statements
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on management’s current beliefs and expectations and are subject to substantial risks and uncertainties, both known and unknown, that could cause our future results, performance or achievements to differ significantly from that expressed or implied by such forward-looking statements. You can identify these forward-looking statements by the use of words such as “should,” “expect,” “anticipate,” “estimate,” “target,” “may,” “project,” “guidance,” “intend,” “plan,” “believe” and other words and terms of similar meaning and expression in connection with any discussion of future operating or financial performance. Important factors that could cause or contribute to such differences include risks relating to: our ability to successfully execute our collaboration agreement with Polpharma Biologics for the commercialization of its biosimilar candidate to ocrelizumab, upon regulatory approval; our ability to successfully compete in the marketplace, including our ability to develop and commercialize additional pharmaceutical products; our ability to successfully execute on our Pivot to Growth strategy, including to expand our innovative and biosimilar medicines pipeline and profitably commercialize the innovative medicines and biosimilar portfolio, whether organically or through business development; our significant indebtedness; our business and operations in general; compliance, regulatory and litigation matters; other financial and economic risks; and other factors discussed in our Quarterly Report on Form 10-Q for the first quarter of 2026 and in our Annual Report on Form 10-K for the year ended December 31, 2025, including in the sections captioned “Risk Factors” and “Forward-looking statements.” Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. You are cautioned not to put undue reliance on these forward-looking statements.

1 Ocrevus® and Ocrevus Zunovo® are registered trademarks of Genentech, Inc. and/or F. Hoffmann-La Roche Ltd.

--(BUSINESS WIRE)--UnitedHealthcare has introduced a Lifestyle Spending Account (LSA), an employer-sponsored benefit that gives companies a flexible way to help fund and support their employees' individual health and well-being goals. When offered by an employer, the LSA is designed to help empower people to personalize their experience and shop for products and services to complement their other employer-sponsored benefits at any time. UnitedHealthcare has integrated its LSA with UHC Store, a.

, /PRNewswire/ -- Carnival Corporation Ltd. (NYSE: CCL) (the "Company") has announced that its board of directors has declared a dividend of $0.15 per share.

The Company's board of directors approved a record date for the quarterly dividend of August 7, 2026, and a payment date of August 28, 2026.

About Carnival Corporation
Carnival Corporation is the largest global cruise company and among the largest leisure travel companies, with a portfolio of world-class cruise lines – AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises and Seabourn. Carnival Corporation trades under the ticker symbol CCL on the NYSE and is included in the S&P 500.

For more information, please visit www.carnivalcorp.com, www.aida.de, www.carnival.com, www.costacruises.com, www.cunard.com, www.hollandamerica.com, www.pocruises.com, www.princess.com and www.seabourn.com.

To learn more about Carnival Corporation's purpose and our commitment to sustainability, go to Our Impact.

SOURCE Carnival Corporation Ltd.

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Stock futures are trading higher this morning, as investors attempt to piece together ongoing updates out of the Middle East, with Iran reportedly wanting to make a deal following the U.S.' most recent attacks. Futures on the Dow Jones Industrial Average (DJI) are flat, flirting with either side of breakeven this morning, while a continued recovery in chip stocks is giving the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) a healthy boost. Meanwhile, weekly jobless claims fell to 215,000 in its latest reading, missing the 218,000 estimate.

Continue reading for more on today's market, including:

The first-half "Top Stocks" update you've been waiting for. Bull note flashing for struggling copper stock. Plus, downgrade dings CRM; PepsiCo reports earnings; and Jeep maker suffers bear note.

5 Things You Need to Know Today The Cboe Option Exchange saw roughly 2.2 million call contracts and 1.9 million put contracts traded on Wednesday. The single-session equity put/call ratio rose to 0.90, while the 21-day moving average remained at 0.58.  Shares of Salesforce Inc (NYSE:CRM) are 4.5% lower ahead of the bell, after the cloud name suffered a downgrade to "sector weight" from "overweight" at KeyBanc. The brokerage cited disclosed company figures and uncertain upside. CRM has struggled in 2026, off 37% so far. PepsiCo Inc (NASDAQ:PEP) stock is down 2% ahead of the open, after the Coca-Cola (KO) rival shared mixed second-quarter results. Earnings of $2.24 per share missed estimates, while its revenue exceeded expectations at $21.18 billion. Should these losses hold, PEP will slide further below its year-to-date breakeven level. Stellantis NV (NYSE:STLA) is sinking 1.5% in electronic trading, after J.P. Morgan Securities downgraded the stock to "neutral" from "overweight," saying the Jeep maker would need more than a year to see benefits from its recovery efforts. STLA has shed roughly 50% in both 2025 and over the last 12 months, now trading at six-year lows. Today brings the last of this week's economic data.

European Markets Trade Mixed Asian markets are lower as investors digest comments from the Reuters NEXT Asia conference in Singapore, and U.S. investors eye Friday's debut for SK Hynix on the Nasdaq. South Korea’s Kospi added 0.6% while Japan’s Nikkei gained 1.4%. Elsewhere, China’s Shanghai Composite jumped 1.7% and Hong Kong’s Hang Seng shed 0.7%.

European bourses are mostly higher, as investors weigh France’s emergency support for fertilizer purchases and domestic production amid rising costs fueled by Middle East tensions. London’s FTSE 100 is off by 0.5%, Germany’s DAX is up 0.3%, and France’s CAC is 0.5% higher, at last glance.

Clorox remains a defensive dividend play, appealing to long-term income-focused investors despite recent stock weakness. I see the premium valuation as a limiting factor, suggesting potential for price consolidation rather than outperformance. Turnaround potential exists if volatility returns, economic headwinds favor staples, or growth accelerates as analysts anticipate.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CPB over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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NEW YORK--(BUSINESS WIRE)--Take-Two Interactive Software, Inc. (NASDAQ: TTWO) today announced that it plans to report financial results for its first quarter of fiscal year 2027, ended June 30, 2026, before the market open on Friday, August 7, 2026. The Company plans to hold a conference call to discuss its results at 8:00 a.m. Eastern Time, which can be accessed by dialing (833) 461-5787 (Meeting ID: 773792521). A live, listen-only webcast and a replay of the call will be available at http://t.

Costco Wholesale Corporation reported softer June comp-store sales, yet overall growth and profit trends remain robust, with e-commerce up 20.9% YoY. I maintain a Hold rating on COST, citing a premium valuation near historical averages and technicals suggesting sideways price action. Membership metrics are strong, with 92.2% renewal in the US/Canada and executive memberships driving 75% of sales penetration.

It’s an unexpected answer from the CEO of a company that builds AI-powered autonomous drone and robotic systems for military and security missions. But Shapira told Benzinga via email that Palantir would strengthen the part of the battlefield AI stack that XTEND doesn’t own: turning mission data into battlefield decisions.

He sees the combination as a natural fit because XTEND’s autonomous drones and robots generate operational data in the field, while Palantir specializes in turning that data into actionable intelligence for commanders.

Why Palantir Stood OutShapira acknowledged that Nvidia, OpenAI, SpaceX and Palantir all play important roles in the rapidly evolving defense technology ecosystem. But he singled out Palantir because of how the two companies’ technologies could complement one another.

At the center of XTEND’s platform is XOS, the software operating system that powers its autonomous drones and robotic systems during live missions.

“Our XOS is the operating system that runs the hardware in the field,” Shapira said. “It’s the layer that generates the operational data as those missions get carried out.”

Palantir, by comparison, “builds the layer that fuses that data into a decision,” he said. Deeper integration, he argues, would “shorten the path from a mission generating data to a commander acting on it.”

Rather than overlapping, Shapira described the companies as operating at different points in the military AI workflow—XTEND executing missions in the field and Palantir transforming mission data into real-time operational intelligence.

A Different View of the AI StackThe answer also highlights how defense AI differs from consumer AI.

Much of the public conversation centers on foundation models from companies like OpenAI or the GPUs powering them through Nvidia. Shapira, however, says battlefield autonomy depends on far more than compute.

The execution layer—where autonomous systems navigate GPS-denied environments and operate with limited communications—relies on specialized autonomy software running locally at the edge rather than general-purpose cloud models.

In that architecture, data generated by autonomous systems becomes just as important as the AI models themselves.

The Bigger PictureShapira’s answer underscores a broader shift taking place across defense technology.

Instead of one company providing every piece of the AI stack, the future is increasingly built around specialized platforms working together—from Nvidia supplying compute, to XTEND operating autonomous systems, to Palantir turning battlefield information into command decisions.

“Collaboration is key in the defense space,” Shapira said, pointing to increasingly complex threats that require integrated solutions rather than standalone technologies. For XTEND, that makes Palantir the partner that could create the clearest strategic advantage.

Image courtesy company PR

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Retail meme energy has rotated back into three familiar names, and the setups could not be more different. Kohl’s (NYSE:KSS | KSS Price Prediction) closed at about $16 after slipping more than 10% over the past week, yet the stock is up 75% over the past year. Chewy (NYSE:CHWY) trades near $21, down 38% year to date. And Wayfair (NYSE:W) has surged 29% in a month to nearly $87. Retail traders are picking sides.

Kohl’s Turnaround Finally Shows Up Kohl’s posted its best comparable sales performance in over four years in the fiscal first quarter, with comparable sales down 1.1%, and beat on both the top and bottom lines. Revenue totaled $3.17 billion, inventory dropped 8% year over year, and revolving credit borrowings fell to zero from $545 million. CEO Michael Bender told investors, “We are pleased with our start to 2026. Our key initiatives continue to drive progressive improvements to the business.” With a forward P/E near 13 and an analyst target of $17.85, retail chatter frames Kohl’s as a deep-value short-squeeze candidate.

Chewy Draws an Acquisition Thesis on r/stocks Chewy sentiment on r/stocks hit 88 out of 100 (Very Bullish) in late June, driven by a post titled “$CHWY is an Acquisition Target at these Levels” that reached 133 upvotes and 94 comments. User HunterMichael92 wrote, “I have purchased 250,000 shares of $CHWY… because it’s extremely low to zero debt and a cash generating machine.” The fundamentals back the interest:

Q1 revenue of $3.36 billion, up 8% year over year Autoship at 84% of net sales, with 21.5 million active customers Record adjusted EBITDA margin of 8% and a $200 million buyback completed in the quarter Error: Invalid chart data JSON

Wayfair Surges While the Balance Sheet Raises Concerns Wayfair’s 5.2% Q1 adjusted EBITDA margin was its strongest first quarter in five years, and CEO Niraj Shah said the company outperformed the broader market by a high-single-digit percentage. Analysts peg fair value at more than $93 a share. The catch: a stockholders’ deficit of $2.84 billion and $2.9 billion in long-term debt keep the risk profile elevated.

The Takeaway Among the three, Chewy carries the cleanest balance sheet, Wayfair has the momentum, and Kohl’s offers the sharpest reversal setup. Q2 earnings reports across all three companies will determine whether retail traders’ thesis is early or simply wrong.

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

Contact [email protected] for any questions or corrections.

Micron Technology (MU +6.88%) has been one of the best-performing stocks in the artificial intelligence (AI) space. Over the last year, it has risen by more than 680%, even factoring in a pullback in recent days.

Nonetheless, memory was historically a highly commoditized product, with prices governed largely by the laws of supply and demand. When the tech sector needed more than producers could supply, memory prices surged. When those manufacturers built more foundries and supply surpassed demand, prices experienced steep declines. That cycle has repeated many times.

Knowing that, should investors worry about that occurring in the next three years, or can they still expect to win with this semiconductor stock over that time frame?

Image source: The Motley Fool.

Micron's memory market Although the memory chip cycle is a persistent concern in the industry, Micron can expect the high-demand phase of this one to be prolonged thanks to demand for its high-bandwidth memory (HBM). HBM is a critical component in AI build-outs, and Micron is one of only three companies that manufacture it at meaningful scale.

Thus, Micron's stock success over the next three years will likely depend on how the market for HBM fares. Its revenue continues to surge, and forecasts point to robust growth for the foreseeable future. Analysts on average project 247% growth for fiscal 2026 and 81% in fiscal 2027. Although investors typically do not react well to slowing growth under any circumstances, it remains unclear whether they would turn on the stock for that reason.

Also, analysts expect the HBM market to remain supply-constrained through 2027. Fortunately, even if supply does catch up with demand at that point, the market is tight enough now that Micron has been able to compel its largest customers to sign five-year contracts for its products instead of the one-year contracts that were previously the industry standard. This means that even if demand slows, Micron can probably command high memory prices for years to come.

Moreover, earlier in the year, Micron forecast a 40% compound annual growth rate for the total addressable market for HBM through 2028. Even if the company's growth were to slow to that rate, its stock would likely stay ahead of the S&P 500 (^GSPC +0.40%), which has delivered average returns of 15% annually over the previous 10 years.

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Furthermore, its net income in the first nine months of fiscal 2026 (a period that ended May 28) was more than $47 billion, far above the $5.3 billion earned during the same period in fiscal 2025. This has lowered its P/E ratio to just 21 times earnings, and its forward P/E of 13 probably means more multiple compression is coming.

Hence, with revenue growth likely to continue over the next three years, investors should expect a significant rise in Micron stock, though not necessarily the higher valuations that tend to accompany such revenue growth.

Over the next three years, Micron stock will likely outperform the S&P 500.

Admittedly, Micron stock has a history of dramatic reversals when supply catches (or exceeds) demand. If that occurs, it could temporarily undermine Micron's investment thesis, so investors should watch the HBM market closely.

However, the outsize demand for HBM means supply is unlikely to catch up for years. Also, even though its revenue growth rates will almost certainly slow, a scenario where Micron's returns lag the S&P 500 seems unimaginable under current circumstances.

Thus, while the chip industry's cycles have probably not disappeared, investors probably won't have to worry about a dramatic negative turn over the next three years.

Chart created using Benzinga Pro

Yet despite the breathtaking run, Wall Street is still valuing the memory-chip maker more conservatively than some of its biggest semiconductor peers.

That raises an intriguing question for investors: Has Micron’s stock outrun its fundamentals—or have its fundamentals outrun the stock?

Micron Is Still The Cheapest AI Chip GiantOn a forward earnings basis, Micron trades at just 6.1 times expected earnings, according to Benzinga Pro data.

The gap is particularly striking given that Micron sits at the heart of the AI infrastructure buildout. The company’s HBM chips have become a critical component inside AI servers, benefiting from the same spending wave that’s powering demand for Nvidia’s GPUs.

The valuation disconnect becomes even more notable when viewed alongside Micron’s growth metrics. Its PEG ratio stands at just 0.139, compared with 0.628 for Nvidia and 1.239 for AMD, suggesting analysts expect earnings growth to remain robust relative to the stock’s valuation.

Micron Stock Chart Suggests Momentum Is Cooling, Not BreakingTechnically, Micron stock’s long-term trend remains firmly intact.

Chart created using Benzinga Pro

The stock continues to trade above its 50-day and 200-day moving averages, with both rising, signaling that the broader uptrend remains healthy despite recent volatility.

Meanwhile, momentum has begun to cool after the explosive rally.

The MACD (moving average convergence/divergence) indicator remains in positive territory, but the indicator has crossed below its signal line, while the histogram has turned negative—often an early sign that bullish momentum is easing.

Meanwhile, the RSI (relative strength index) has cooled to around 50, indicating the stock has worked off much of its overbought condition following its extraordinary rally.

Rather than signaling a breakdown, the technical picture points to a period of consolidation as investors digest one of the semiconductor sector’s strongest runs.

Investment TakeawayMicron’s rally has been extraordinary—but so has its earnings outlook.

Normally, stocks that gain more than 700% command premium valuations. Micron is the exception. Despite becoming one of the biggest beneficiaries of the AI memory boom, it still trades at a fraction of the forward earnings multiples assigned to Nvidia, AMD and Intel.

Whether that gap reflects an overlooked opportunity or a justified discount will ultimately depend on one thing: whether Micron can continue converting AI-driven memory demand into the kind of earnings growth that has powered its historic rally so far.

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Micron raises its planned U.S. investment to more than $250 billion through 2035 and celebrates a construction milestone at what will be the largest semiconductor manufacturing site in U.S. history July 09, 2026 08:45 ET  | Source: Micron Technology, Inc.

CLAY, N.Y., July 09, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced it is accelerating its planned U.S. fab and technology investments and increasing its expected spend to more than $250 billion through 2035, driven by surging demand for memory in the AI era.

Micron anticipates that the increase in investments will support its long-term goal of producing 40% of its DRAM in the U.S. while creating additional good-paying direct and indirect jobs. The expanded investment reflects Micron’s confidence in its technology leadership and continued demand for its leading-edge memory products.

The announcement comes as Micron celebrates the first concrete pour milestone at its Clay, New York site, which occurs more than one quarter ahead of the original plan and marks the transition from site preparation to vertical construction. As announced earlier today, Micron also plans to invest up to $3 billion to develop the domestic semiconductor supply chain ecosystem in support of its U.S. manufacturing footprint.

Today, Micron Chairman, President and CEO Sanjay Mehrotra will host the concrete pour, joined by supplier partners and federal, state and local leaders, including U.S. Secretary of Commerce Howard Lutnick, New York Governor Kathy Hochul, Small Business Administration Administrator Kelly Loeffler, U.S. Chief Technology Officer Dr. Ethan Klein, Onondaga County Executive Ryan McMahon, U.S. Congressman John Mannion, U.S. Congresswoman Claudia Tenney, and Town of Clay Deputy Supervisor Joe Bick.

"As America celebrates its 250th anniversary, data and memory are foundational to the modern economy — and Micron is increasing our U.S. investments to more than $250 billion through 2035 to meet that moment," said Sanjay Mehrotra, Micron Chairman, President, and CEO. "I want to thank President Trump, Secretary Lutnick, Governor Hochul, Senator Schumer, County Executive McMahon, and our partners across government and the community for their leadership. Reaching this milestone ahead of schedule reflects the speed and determination behind this project. Micron is proud to bring the world's most advanced memory manufacturing to Central New York, strengthen the domestic semiconductor supply chain and help secure America's technology leadership for generations to come."

A Media Snippet accompanying this announcement is available by clicking on this link.

“President Trump has made it clear that America is where you should build your business and the world is responding rapidly. Today, Micron pours the foundation on its massive semiconductor campus in upstate New York and increases its American investment commitment to $250 billion, creating nearly 100,000 jobs and providing leading-edge memory supply here in the United States,” said Commerce Secretary Howard Lutnick. “The Trump economic model clearly shows there has never been a better time to invest in the United States.”

"Today's milestone marks another major step for Micron in Central New York, and what makes it even more remarkable is that we're here in July — months ahead of schedule — pouring the concrete foundation,” said Governor Kathy Hochul. “This is the largest private investment in New York State history, and it's already delivering for New Yorkers, our state economy, and our local businesses. With up to 50,000 jobs on the horizon, we are building the future of American memory manufacturing right here in Central New York, and we are building it fast."

Rapid progress in Central New York

Less than six months after breaking ground in January 2026, Micron has completed key early site work and is transitioning to vertical construction. Micron recently selected Bechtel to partner on the engineering, procurement and construction for the first New York fab. Jacobs, the architectural and engineering design partner, and Gilbane Building Company, the preconstruction and site infrastructure contractor, will also join the celebration.

To date, Micron, in partnership with Gilbane on the early site works phase, has directed approximately $675 million — more than half of the total awarded value to date — to New York-based contractors, suppliers, and subcontractors, including companies from Syracuse, Liverpool, Rome, Rochester, Watertown, Buffalo, and Binghamton. More than 80% of the workers on site to date have been New York residents, reflecting the project's impact on upstate New York businesses and communities.

Building the facility will require thousands of skilled craft professionals at peak construction, creating opportunities for union trades, apprentices, local training program graduates, specialty contractors and suppliers. With up to four fabs, Micron’s New York project is the largest private investment in state history and is expected to generate 50,000 jobs in New York, including 9,000 direct Micron jobs.

Building America's memory across the United States

The New York project is the cornerstone of Micron's U.S. investment plan. Micron is also making rapid progress in Idaho, with first wafer output expected in mid-calendar 2027 for the first fab and late calendar 2028 for the second. Earlier this year in Virginia, Micron launched initial production of its 1α (1-alpha) DDR4 technology, supporting customers’ long lifecycle product needs in auto, industrial, medical, aerospace and defense markets.

Together, these projects are expected to create more than 90,000 jobs and advance U.S. economic and national security goals. As Micron makes these investments, the company will remain disciplined in its approach and responsive to the market environment to appropriately align its supply plans.

“This milestone in Central New York shows Micron’s U.S. manufacturing strategy moving from planning to meaningful local impact,” said Manish Bhatia, Micron Executive Vice President of Global Operations. “As we build the capacity, workforce and supplier base needed for the AI era, we are creating opportunities for New York businesses, skilled trades and communities to grow with us. What we are building here will contribute to a thriving semiconductor hub in Central New York, complementing Micron’s existing sites in Idaho and Virginia.”

Investing in the Central New York Community

In honor of America's 250th anniversary, Micron recently announced a $250 million investment in Trump Accounts to reach one million children and families. The company will offer a one-time $250 seed deposit for eligible children in the communities where it operates, including Central New York, as well as an employee match benefit. To date, Micron has also committed more than $50 million to community priorities across Central New York, supporting workforce development, STEM education and other training needs, veterans’ initiatives, housing, transportation, and childcare.

Photos from the event will be available after 3 p.m. ET here.

Kelly Loeffler, Administrator of the U.S. Small Business Administration:

"Micron's massive investment in Central New York – part of a $250 billion investment nationwide – is exactly the kind of bold, American-made commitment that President Trump's agenda was designed to unleash. When a company of Micron's scale puts down roots, it has a powerful effect across our economy – not only by creating 50,000 new jobs and thousands of new work orders for local job creators, but also by strengthening small businesses across America who depend on leading-edge semiconductor technology to fuel every vital industry, from defense to energy. SBA is proud to support the small manufacturers, contractors, and local businesses that will grow alongside Micron's fab as the company advances this Administration’s mission to rebuild American industrial dominance.”

U.S. Chief Technology Officer Dr. Ethan Klein:

"The Trump Administration is committed to achieving unrivaled American leadership in AI, microelectronics, and the full semiconductor supply chain — and milestones like this one show we are turning that commitment into reality. Micron's $250 billion U.S. investments in leading-edge memory manufacturing and R&D will directly power the next generation of American innovation, and we are proud to see that future taking shape right here on American soil."

U.S. Senator Charles E. Schumer:

“Micron’s first concrete pour marks concrete progress towards bringing America’s largest semiconductor manufacturing facility to life right here in Central New York! Micron’s chips are in demand more than ever, and their Central New York project and the 50,000 jobs it’ll create put New York on the global map for advanced chip production. Micron’s total $250 billion U.S. investment is transformative for manufacturing in America and New York. I delivered a $6.1 billion CHIPS grant and billions more in Investment Tax Credit assistance from my CHIPS & Science Law to make this historic project possible. Today, we celebrate a new chapter for American chip manufacturing with Upstate New York leading the way.”

U.S. Congresswoman Claudia Tenney:

“I know how important Micron's investment is to this community — and today's milestone makes that investment tangible. Pouring the first concrete ahead of schedule is a testament to what American workers and American ingenuity can accomplish when Washington opens the path for industry to succeed. By expanding the Advanced Manufacturing Investment Credit through the One Big Beautiful Bill and championing the Working Families Tax Cut Act, Congress has sent a clear signal that the United States is committed to long-term technological leadership and supporting the next generation. Micron's $250 billion investment in making leading-edge memory in the U.S. will create good-paying jobs and strengthen our national security.”

U.S. Congressman John Mannion:

"Pouring the first concrete at Micron's Clay fab — ahead of schedule — is proof that this project is delivering for Central New York. From championing Green CHIPS in the state legislature to fighting for federal investment in Congress, I have been proud to help lay the groundwork for what will become the largest semiconductor manufacturing site in U.S. history, and part of a $250 billion Micron investment across the country. This is an investment in the thousands of workers, families, and businesses of Central New York who will build this facility and help secure America's dominance in the global semiconductor industry for generations to come."

Onondaga County Executive Ryan McMahon:

"Today's milestone is a proud and defining moment for Onondaga County, Central New York, and the country. Pouring the first concrete at Micron's historic New York campus is proof of what this community can achieve when we set ambitious goals, work together, and refuse to slow down. Reaching this milestone months ahead of schedule reflects the grit of the people of Central New York — and the strength of the partnership we have built with Micron. This project to build leading-edge memory locally will reshape the trajectory of our region for generations, and today reminds us that when Onondaga County comes together with purpose, we don't just meet expectations — we exceed them."

Matt Nesbitt, President, Central & Northern New York Building Trades:

“The Central and Northern New York Building and Construction Trades Council could not be more excited for the monumental event today. We are poised and ready for the challenge of building the largest construction project in the history of New York State. The invaluable partnership that our council has forged with Micron to prepare for this historic project is about to be on full display as we build one of the largest chip manufacturing facilities in the United States.”

Justin Driscoll, President & CEO, New York Power Authority:

“Today’s milestone at Micron’s Clay site reflects the growing momentum behind this transformative project. NYPA low-cost power allocations played a vital role in attracting this once-in-a-generation investment that will strengthen New York’s economy, create tens of thousands of good jobs, and cement New York’s role as a global leader in advanced manufacturing.”

David Anderson, President, NY Creates:

"Micron’s announcement that construction is already moving ahead of schedule is exciting for Central New York and for the future of domestic semiconductor manufacturing. This milestone represents tangible progress on a transformational project that will strengthen America’s memory chips leadership and the related supply chain, create thousands of high-tech careers, and generate lasting economic impact across the region. At the same time, NY Creates is proud to partner with Micron on our High NA EUV Lithography Center and the Industrial Manufacturing Technician (IMT) Apprenticeship Program, which advance the capabilities and talent needed to further strengthen the nation’s innovation ecosystem.”

Rob Simpson, Chief Executive Officer, CenterState CEO:

“This is one more important milestone in the foundation we are building for our region's economic resurgence and our country's national security. We are grateful to Micron for their continued partnership and investment in our region and excited to carry this message forward to the global semi-conductor supply chain — Central New York is quickly becoming one of the most important centers for memory and chip manufacturing in the world."

About Micron Technology, Inc.

Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding expected acceleration and expansion of construction projects, target U.S.-based DRAM production, anticipated research and development expansion, expected timing of first wafer output, planned manufacturing, supply chain and community investments, job creation and workforce expansion, and expected economic and community impacts. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents Micron files with the Securities and Exchange Commission, specifically its most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at https://investors.micron.com/risk-factor. Although Micron believes that the expectations reflected in the forward-looking statements are reasonable, Micron cannot guarantee future results, levels of activity, or achievements. Micron is under no duty to update any of the forward-looking statements after the date of this press release to conform these statements to actual results.

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