Track market-moving stories before they get noisy

9.7.2026 14:32

Nové žádosti o podporu v nezaměstnanosti (4. července):
aktuální hodnota: 215 tis.
očekávání trhu: 217 tis.
předchozí hodnota: 215 tis. / revize: 217 tis.

Pokračující žádosti o podporu v nezaměstnanosti (27. června):
aktuální hodnota: 1814 tis.
očekávání trhu: 1814 tis.
předchozí hodnota: 1814 tis. / revize: 1806 tis.

Zdroj: Bloomberg

Michal Šnobl
Fio banka, a.s.
Prohlášení

Marina113/iStock Editorial via Getty Images

Listen below or on the go via Apple Podcasts and Spotify

Levi beat on revenue and profit. (00:13) Shares fell anyway. Monster sets the date for a 2-for-1 split. (01:33) Burry bets on betting. (02:05)

This is an abridged transcript.

Shares of Levi Strauss & Co. (LEVI) are under pressure.

LEVI reported a top- and bottom-line beat in the second quarter but it was overshadowed by the company’s conservative outlook for the fiscal year that continued to reflect significant headwinds from import tariffs.

As the company pivots to a direct-to-consumer-focused business model, an 11% increase in DTC sales and solid gains in U.S., Europe, and Asian sales contributed to $1.56B in total revenue, an increase of 7.6% year-over-year and $80M better than expected. Wholesale sales were up 5%.

The company’s bottom-line improved as well, with adjusted net income increasing 24% to $110M, or $0.28 per share, 4 cents above expectations.

Looking ahead to the remainder of 2026, Levi’s (LEVI) outlook left investors disappointed that Q2 results did not lead to a larger upward revision. In addition, the company warned that 2026 guidance assumes U.S. tariffs on imports from China remain at 30% and 20% for rest-of-world.

Shares are down 6% in early trading.

Monster Beverage (MNST) announced that its board of directors has approved and declared a 2-for-1 split of its common stock.

Each stockholder of record on July 24, 2026 will receive a dividend of one additional share of common stock for each then-held share, to be distributed after close of trading on August 10, 2026.

Monster anticipates its common stock to begin trading at the split-adjusted price on August 11, 2026.

MNST closed the day Wednesday at $95.15.

Shares of DraftKings (DKNG) and Flutter (FLUT) both moved higher after Michael Burry disclosed a new stake in both online betting platforms in a Substack post.

Burry posted that, “DraftKings is inflecting as an operating business, and the value is in the transition I foresee in the near future.” He goes on to say, “Flutter has been hurt by capital misallocation in the past but is fundamentally a very good operating business with terrific scale.”

While Burry acknowledges the threat from prediction markets and their impact on the share price of DraftKings (DKNG) and Flutter (FLUT), he says prediction markets like Kalshi (KALSHI) and Polymarket (POLYMARKET) will eventually be “subsumed into regulation and taxation.”

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Stock index futures are higher before the opening bell.

Crude oil is down 0.75% at just under $73. Bitcoin is up 0.9% at $62,000. Gold is up 0.8% at $4,108.

The FTSE 100 is down 0.5% and the DAX is up 0.25%.

One stock on the biggest movers list: Ampco-Pittsburgh (AP) +14% - Shares jumped after the company reported H1 2026 customer orders rose 32% Y/Y to $268M, driven by strength across both operating segments.

Economic calendar:

8:30 am Jobless Claims

10:00 am Existing Home Sales

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Thursday.

Shares of Levi Strauss & Co (NYSE:LEVI) fell sharply in pre-market trading following second-quarter results.

The company reported quarterly earnings of 28 cents per share, which beat the analyst consensus estimate of 24 cents per share. The company reported quarterly sales of $1.562 billion, which beat the analyst consensus estimate of $1.520 billion.

Levi Strauss shares dipped 6.1% to $22.89 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

Photo via Shutterstock

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The GLP-1 trade has matured from a single-stock story into a tiered opportunity set. Demand for obesity therapeutics keeps expanding as lower-cost, easier-to-administer oral pill versions of the current injectable GLP-1s are introduced to the market in 2026, and the field now spans an entrenched leader, a deep-value incumbent, and a clinical-stage challenger with multiple near-term catalysts. Heading into July, here are three US-listed GLP-1 names worth a closer look, each with a tool-verified data point, a bull case, and a clear risk.

Eli Lilly (LLY): The Category Killer Eli Lilly (NYSE:LLY | LLY Price Prediction) is the franchise stock of the GLP-1 era, and the price action reflects it. Shares are up nearly 15% year to date and more than 60% over the past year, with a market cap of roughly $1.16 trillion as of July 7.

Q1 2026 was a statement quarter. Lilly posted EPS of $8.55 versus the $6.79 consensus on revenue of $19.80 billion, up 56% year over year. Mounjaro generated $8.66 billion (+125% YoY) and Zepbound delivered $4.16 billion (+80% YoY). Management raised full-year guidance to $82.0 billion to $85.0 billion in revenue and $35.50 to $37.00 in non-GAAP EPS.

The bull case rests on a one-two punch: injectable dominance plus the only oral pill with no food/water restriction. CEO David Ricks said “A key milestone was the U.S. FDA approval of Foundayo, the only approved GLP-1 pill that can be taken any time of day, without food and water restrictions. Foundayo will meaningfully expand the number of people who can benefit from GLP-1s.”

Risk: Realized prices fell 13% in Q1 2026 due to rebate adjustments and market-access agreements, and Mounjaro’s NRDL addition in China is pressuring international pricing. Revenue concentration in two products remains the obvious vulnerability.

Novo Nordisk (NVO): The Beaten-Down Incumbent Novo Nordisk (NYSE:NVO) is the contrarian pick. The maker of Ozempic, Wegovy and Rybelsus is down nearly 28% over the past year, with a market cap of around $169 billion. Per writer context, shares trade at roughly 10x earnings and sit near 45% below their 52-week high. Note that NVO is an ADR, so dividends are subject to Danish withholding tax at source.

Sentiment is beginning to shift. Reddit’s aggregate score on NVO flipped to 63 (Bullish) on June 30, up from readings of 22-29 (Bearish) in early June, and shares have rebounded more than 2% over the past month.

The bull case is valuation-driven. NVO posts elite margins (gross margin near 81%, operating margin around 41%) and remains one of only two players with a commercial oral GLP-1 already on the market. If the company stabilizes US share against Lilly, mean reversion alone offers material upside.

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Risk: Novo has been steadily losing ground to Mounjaro and Zepbound, and Jim Cramer recently noted Lilly’s pipeline could deliver “the unassailable knockout punch against Novo Nordisk because it’s got fat busting without muscle crunch.” A value trap is the obvious failure mode.

Viking Therapeutics (VKTX): The High-Risk Wild Card Viking Therapeutics (NASDAQ:VKTX) is explicitly the speculative slot. Market cap sits at about $4.7 billion, and shares have rallied nearly 38% over the past month, with a one-year gain of nearly 47%.

Lead asset VK2735 is a dual GLP-1/GIP receptor agonist in both subcutaneous and oral formulations. The Phase 2 oral readout showed up to 12% mean body weight reduction after 13 weeks. VANQUISH-1 is fully enrolled with approximately 4,500 patients, and the Phase 3 oral program is expected to begin in Q3 2026, with maintenance dosing results also due that quarter. Cash and investments stood at roughly $706 million at year-end 2025.

CEO Brian Lian framed the differentiation as “the only dual agonist molecule with the potential to dose monthly or to allow transition from subcutaneous to oral administration for weight maintenance.”

Risk: Viking is pre-revenue, with a 2025 net loss of $359.64 million and a cash position that fell from $903 million at the start of 2025 to $706 million at year-end. Phase 3 readouts could land either way, and a single negative trial would reset the equity story.

What to Watch Next July’s setup is event-rich: Lilly’s Foundayo launch metrics, Novo’s competitive response, and Viking’s Q3 catalyst calendar. Position sizing matters across the three, because the risk profiles are not interchangeable. The GLP-1 trade is broadening, and the opportunity set looks wider than at any point in the last twelve months.

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Contact [email protected] for any questions or corrections.

HOBOKEN, N.J.--(BUSINESS WIRE)--NiCE (Nasdaq: NICE) today announced the winners of its 2026 International CX Excellence Awards at NiCE World London, recognizing the organizations leading the transformation to AI-first customer experience. This year's honorees have embedded AI across the fabric of their operations. By seamlessly connecting AI agents, human agents, workflows, and data, they have established a new CX operating model that continuously sharpens decisions, accelerates outcomes, and d.

9.7.2026 14:22

Ropa +0,48 % na 73,87 USD za barel.
Zemní plyn -0,12 % na 3,208 USD za mbtu.

Zlato +1,03 % na 4124,5 USD za unci.
Stříbro +1,8 % na 59,595 USD za unci.
Měď +2,1 % na 6,236 USD za libru.

Kukuřice -0,71 % na 4,53 USD za bušl.
Pšenice +0,12 % na 6,085 USD za bušl.

Michal Šnobl
Fio banka, a.s.
Prohlášení

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

© Chaay_Tee / iStock via Getty Images

Pre-Market Stock Futures: Futures are trading mixed after another tough day across Wall Street, with all the major indices crushed early on, before the Nasdaq made a late-afternoon push to wind up just modestly higher at 25,870, up 0.20%. The S&P 500 also rallied in the afternoon, erasing a big deficit, to finish the session down just 0.28% at 7,482. The small-cap Russell 2000, which is still the leading index in 2026, closed at 2,958, down 0.82%, while the Dow Jones Industrial Average took the biggest hit on Wednesday, closing at 52,348, down 1.09%. Needless to say, the re-escalation of the war with Iran once again provides ammunition for more volatility and the potential for another major move lower. Just as oil prices had almost returned to pre-war levels, the fighting resumed, as did the movement higher in the two major benchmarks. The President, like so many before him and around him, is well aware of the stalling tactics of Iran, but this time, the clock may have run out.

Treasury Bonds: Once again, yields were higher across the entire Treasury curve except for the shortest T-bill maturities. The resumption of fighting and rising oil prices bring the rate increase narrative back into the room, especially after the June meeting notes showing that the Fed Governors are very divided on the path forward, and any increases in the inflation readings will likely keep that division in place. Plus, as history shows, if there is a rate increase, it likely won’t be just one, as that has never happened. The 30-year long bond finished the day at 5.07%, while the benchmark 10-year note closed at 4.58%. 

Oil and Gas: The minute the war with Iran was back on, so were the prices in the energy complex, as both of the major benchmarks closed the session higher. President Trump has halted any oil sales coming from Iran, while effectively closing the Strait of Hormuz once again. When the final bell rang, Brent Crude closed at $79.12, up a stunning 6.69%, while West Texas Intermediate was last seen at $74.61, up 5.92%. Natural gas closed down 1.26% to $ 3.22. One thing is for sure: Middle East oil producers are expanding pipelines and seeking alternative routes to move their production beyond the Straits. 

Gold: For the second day running, Gold traded lower on Wednesday, and the same reasons that drove price lower on Tuesday carried forward, as a stronger dollar and rising interest rates made the non-yielding Gold complex less desirable. Add in the inflation worries associated with higher energy prices, and precious metals end up on the losing side, at least for now. When the final bell rang on Wednesday, Gold closed at $4,074, down 0.73%, while Silver closed at $58.13, down 2.85%. 

Crypto: Crypto markets sold off on Wednesday amid heightened U.S.-Iran tensions and the collapse of the ceasefire, sparking a risk-off move. Bitcoin dropped to around $61,800, briefly breaking below the $62,000 level amid broader market weakness and rising oil prices. The decline triggered liquidations and weighed on major altcoins, with sentiment remaining cautious amid ongoing geopolitical uncertainty. At 8 AM EDT, Bitcoin traded at $62,610, while Ethereum traded at $1,741.

24/7 Wall St. reviews dozens of analyst research reports every day to identify fresh investment ideas for investors and traders alike. These daily analyst notes include recommendations on stocks to buy, sell, or avoid, as well as new coverage initiations. Important reminder: No single analyst report should ever be the sole basis for buying or selling a stock.

Here are some of the best Wall Street analyst upgrades, downgrades, and initiations seen on Thursday, July 9, 2026.  

Upgrades: American International Group (NYSE: AIG | AIG Price Prediction) was upgraded to Overweight from Neutral at Cantor Fitzgerald, which bumped the target price for the insurance giant to $92 from $85. American Tower (NYSE: AMT) was upgraded to Outperform from Peer Perform at Wolfe Research, which has a $188 target price. Cinemark Holdings (NYSE: CNK) was raised to Neutral from Sell at Goldman Sachs, which bumped the target price for the stock to $30 from $23. Five Below (NASDAQ: FIVE) was upgraded to Outperform from Neutral at Mizuho, which trimmed the price target for the popular retailer to $220 from $225. Toast (NYSE: TOST) was raised to Buy from Neutral at Goldman Sachs, which has set a $36 target price for the shares. Downgrades: Caesars Entertainment (NYSE: CZR) was cut to Equal Weight from Overweight at Barclays, which trimmed the target price for the gaming giant to $31 from $35. Kaiser Aluminum (NASDAQ: KALU) was cut to Underweight from Equal Weight at Wells Fargo, which bumped the target price down to $158 from $160. Salesforce (NYSE: CRM) was downgraded to Sector Weight from Overweight at KeyBanc, without a price target. Mattel (NYSE: MAT) Goldman Sachs downgraded the popular toy and game giant to Sell from Neutral, and dropped the price target to $12 from $15. Tractor Supply (NASDAQ: TSCO) was downgraded to Neutral from Outperform at Mizuho, which cut the target price for the stock to $32 from $50. Initiations: Align Technology (NASDAQ: ALGN) was initiated with an Outperform rating at BMO Capital, with a $209 target price objective. Cohu (NASDAQ: COHU) was started with an Outperform rating at Baird, with a $65 target price. GE Healthcare Technologies (NASDAQ: GEHC) was initiated with a Market Perform rating at BMO Capital with a $70 target price. Intuitive Surgical (NASDAQ: ISRG) was initiated with an Outperform rating at BMO Capital, with a $518 target price. Tesla (NASDAQ: TSLA) was started with a Market Perform rating at Citizens, without a price target. Want Up To $1,000? SoFi Is Giving New Active Invest Users Free StockLooking to grow your money but unsure where to begin? SoFi Active Invest is offering a limited-time promotion—open an account, fund it with $50 or more, and you could receive up to $1,000 in complimentary stock for Active Invest accounts.

From $0 commission trading to fractional shares and automated investing, this app is designed to simplify investing for everyone, whether you’re just starting or already experienced. Its easy to sign up and secure your bonus. 

Contact [email protected] for any questions or corrections.

Hledat v komentářích

Investiční doporučení

Výsledky společností - ČR

Výsledky společností - Svět

IPO, M&A

Týdenní přehledy

Detail - články

09.07.2026 13:56

Přinášíme vám kalendář vybraných firemní výsledků pro domácí výsledkovou sezónu za druhé čtvrtletí roku 2026. Na Patria.cz pro Vás výsledkovou sezónu průběžně pokrýváme.

Zdrojem uvedených dat jsou kalendáře význačných událostí pro investory zveřejněné samotnými emitenty. Přesné datum a čas se mohou měnit a nejsou průběžně aktualizovány. Tituly uvedené v tomto kalendáři jsou aktuálně komponenty hlavního indexu PX Burzy cenných papírů Praha.

Legenda: Typ - E - Expected (očekávané datum); C - Confirmed (potvrzené datum); Odhad EPS je odhad analytiků oslovených agenturou Bloomberg

Tagy: výsledky, akcie, ČR, výsledková sezóna
Reklama

EPS u seznamu českých akcií se zobrazuje pouze uživatelům tarifu Patria Platinum. :))

Berounskej

Aktuální komentáře

09.07.2026 14:01Nápojový kolos PepsiCo zvýšil čtvrtletní zisk, u růstu tržeb překonal odhady 13:58Výsledková sezóna v USA: Kalendář pro 2. čtvrtletí 2026 13:56Výsledková sezóna v Evropě: Kalendář pro 2. čtvrtletí 2026 13:56Výsledková sezóna Česko: Kalendář pro 2. čtvrtletí 2026 12:04Investiční výhled na druhé pololetí: Shrnutí   11:02Míra nezaměstnanosti v červnu stagnovala 10:51PODCAST Analytický radar: Makrovýhled Patrie pro druhé pololetí   10:23Akcie znovu rostou, zatímco dluhopisy tlumí optimismus   10:19Nezaměstnanost v ČR v červnu stagnovala na 4,8 procenta, přibylo volných míst 9:48Průmyslová výroba v Česku v květnu zrychlila meziroční růst na dvě procenta 8:55Rozbřesk: Potvrdí průmysl zlepšenou kondici ekonomiky? 8:48Kofola zachrání Bílinskou kyselku i Zaječickou hořkou. Uspěla ve výběrovém řízení o tradiční minerálky 8:44Akcie míří vzhůru i přes napětí s Íránem. SK Hynix přitahuje velký zájem a Kofola kupuje tradiční minerálky   6:40Sohn: Google může být ke koupi, kvalita nyní jen zabírá místo v portfoliu 08.07.2026 22:01Akcie oslabily kvůli novému napětí mezi USA a Íránem, ropa prudce zdražila   16:06Apple sází na americké čipy, Broadcom získal kontrakt za více než 30 miliard dolarů 16:04AI a pravidlo „v tom nejlepším přestat“ 14:17L'Oréal, Nestlé či Mondelez. AI zrychluje vývoj šamponů či sušenek 12:19Investiční výhled na druhé pololetí: Strategie   10:45Rotace pryč z nastoupaných techů, konec příměří s Íránem a další růst výnosů  
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Související komentáře

Nejčtenější zprávy dne

Nejčtenější zprávy týdne

Nejdiskutovanější zprávy týdne

Kalendář událostí

ČasUdálost 3:30Čína - CPI, y/y 9:00CZ - Průmyslová výroba, y/y 10:00CZ - Nezaměstnanost 14:30USA - Nové žádosti o dávky v nezam. 16:00USA - Prodeje starších domů, m/m
Potřebujte poradit?

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Investiční doporučení

Výsledky společností - ČR

Výsledky společností - Svět

IPO, M&A

Týdenní přehledy

Detail - články

09.07.2026 13:58

Patria.cz Vám přináší kalendář výsledkové sezóny firem obchodovaných v Severní Americe za druhý kvartál. Uvidíme, které společnosti překonají očekávání a které naopak zaostanou za odhady. Uvedená data jsou platná k datu aktualizace článku a jejich zdrojem včetně odhadů zisku na akcii (EPS) je agentura Bloomberg.

Legenda: Typ - E - Expected (očekávané datum); C - Confirmed (potvrzené datum); T - Tentative (předběžné datum); Bef-mkt - před otevřením trhu; Aft-mkt - po otevření trhu. 

Tagy: výsledky, akcie, USA, výsledková sezóna
Reklama

Ani tady sloupce neodpovídají popisu v hlavičce :-( Poslední 2 jsou prohozeny.

oh171

Konkrétně tedy sloupce Odhad EPS a Období jsou prohozeny a stále neopraveny :-(

oh171.

a přece jim tady všichni, znalci ekonomických závislostí, předpovídají brzký zanik. Tady něco neštimuje. A navíc nejzadluženější stát světa. Škoda že tu dnes není náš Vševěd profesor, aby nám to vysvětlil. Kde je toho soudruha konec. Snad mu nepraskla cévka. Já mu furt říkal ZiXilouši neber si to tak, vymstí se ti to. Ale co, ten má asi ted' už jiné starosti, už asi válčí v Syriji. 33

1482

Aktuální komentáře

09.07.2026 14:01Nápojový kolos PepsiCo zvýšil čtvrtletní zisk, u růstu tržeb překonal odhady 13:58Výsledková sezóna v USA: Kalendář pro 2. čtvrtletí 2026 13:56Výsledková sezóna v Evropě: Kalendář pro 2. čtvrtletí 2026 13:56Výsledková sezóna Česko: Kalendář pro 2. čtvrtletí 2026 12:04Investiční výhled na druhé pololetí: Shrnutí   11:02Míra nezaměstnanosti v červnu stagnovala 10:51PODCAST Analytický radar: Makrovýhled Patrie pro druhé pololetí   10:23Akcie znovu rostou, zatímco dluhopisy tlumí optimismus   10:19Nezaměstnanost v ČR v červnu stagnovala na 4,8 procenta, přibylo volných míst 9:48Průmyslová výroba v Česku v květnu zrychlila meziroční růst na dvě procenta 8:55Rozbřesk: Potvrdí průmysl zlepšenou kondici ekonomiky? 8:48Kofola zachrání Bílinskou kyselku i Zaječickou hořkou. Uspěla ve výběrovém řízení o tradiční minerálky 8:44Akcie míří vzhůru i přes napětí s Íránem. SK Hynix přitahuje velký zájem a Kofola kupuje tradiční minerálky   6:40Sohn: Google může být ke koupi, kvalita nyní jen zabírá místo v portfoliu 08.07.2026 22:01Akcie oslabily kvůli novému napětí mezi USA a Íránem, ropa prudce zdražila   16:06Apple sází na americké čipy, Broadcom získal kontrakt za více než 30 miliard dolarů 16:04AI a pravidlo „v tom nejlepším přestat“ 14:17L'Oréal, Nestlé či Mondelez. AI zrychluje vývoj šamponů či sušenek 12:19Investiční výhled na druhé pololetí: Strategie   10:45Rotace pryč z nastoupaných techů, konec příměří s Íránem a další růst výnosů  
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Nejčtenější zprávy dne

Nejčtenější zprávy týdne

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Kalendář událostí

ČasUdálost 3:30Čína - CPI, y/y 9:00CZ - Průmyslová výroba, y/y 10:00CZ - Nezaměstnanost 14:30USA - Nové žádosti o dávky v nezam. 16:00USA - Prodeje starších domů, m/m

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, will report its second quarter 2026 business and financial results on Thursday, August 6, before the market opens.

The company will host a conference call at 8:30 a.m. ET to discuss the results. The conference call is being webcast live and can be accessed by either visiting the Company's website at https://investor.shutterstock.com or clicking here for direct access. The webcast is listen-only.

A replay of the webcast will be available on the Company's website on the same day at approximately 10:30 a.m. ET.

ABOUT SHUTTERSTOCK
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.

Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.

SOURCE Shutterstock, Inc.

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Wolfspeed stock is charging ahead with explosive momentum. What’s behind WOLF gains? The lawsuit asserts that a broad range of Navitas products infringes multiple Wolfspeed patents, including five specifically named U.S. patents covering GaN and SiC semiconductor technology. Products accused of infringement span major Navitas product lines — including its GaNFast, GaNSlim, and GaNSafe GaN-based FET families, as well as Navitas’s GeneSiC MOSFETs and SiCPAK modules.

“Wolfspeed’s foundational technology helped create this industry, and we are deeply committed to defending the intellectual property that represents decades of innovation and R&D investment,” said Robert Feurle, CEO. “Protecting our patent portfolio is a strategic priority for the company and our shareholders.”

Wolfspeed Stock Still Faces Technical HeadwindsAt $37.09, Wolfspeed is still trading 20% below its 20-day SMA ($45.55) and 27% below its 50-day SMA ($49.90), which keeps the intermediate trend tilted lower despite the premarket strength. The stock is also trading 4.4% above its 100-day SMA ($34.90) and 31.9% above its 200-day SMA ($27.63), so the longer-term uptrend structure hasn’t fully broken.

The 20-day SMA sitting below the 50-day SMA is a bearish crossover that often acts like "gravity" on rallies until price can reclaim those averages. At the same time, the 50-day SMA remains above the 200-day SMA (a golden cross that occurred in October 2025), which is typically a longer-term bullish backdrop—but it can lose usefulness if price stays pinned below the 50-day for too long.

MACD is the cleaner momentum lens right now: it’s below its signal line and the histogram is negative, which points to upside pressure cooling versus the prior upswing unless buyers can rebuild momentum. Put simply, when MACD is below its signal line, rallies are more likely to fade until momentum flips back in buyers’ favor.

Key Resistance: $36.50 — a nearby pivot area that can cap rebounds, especially with price still well below the 20-day and 50-day moving averages overhead. Wolfspeed Shares Edge HigherWOLF Price Action: At the time of publication, Wolfspeed shares are trading 3.18% higher at $37.00, according to data from Benzinga Pro.

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Trump praised what he called the "extreme generosity" of SpaceX President Gwynne Shotwell and her husband. Dia Dipasupil/Getty Images; Anna Moneymaker/Getty Images President Donald Trump took to Truth Social to thank SpaceX president Gwynne Shotwell for her and her husband's stock donation to Trump Accounts, which he said was worth $325 million.

"Thank you to the brilliant and highly respected Gwynne Shotwell, and her husband, Robert, for their extreme generosity in helping children to attain the ever magnificent American dream!" Trump wrote on Truth Social.

Trump took to Truth Social to thank Gwynne Stockwell and her husband for their $325 million donation.  Truth Social "Their Gift of 325 Million Dollars of SpaceX Stock is greatly appreciated by all," the president added, signing off by wishing the couple "continued Great Success!"

Shotwell did not put a value on the gift when she announced it on X, saying only that she and her husband would give a share of their SpaceX stock to a Trump Account for each of more than 2 million American children.

At Wednesday's closing price of $148 per share, the shares were worth about $296 million, reflecting a slight decline in SpaceX's share price since the gift was announced on Monday, when they were valued between $320 million and $325 million.

Trump wrote that "thousands of children have just been given a better life," though Shotwell's announcement said the gift would reach more than 2 million 11 to 17-year-olds in lower-income areas, with extra emphasis on those near the couple's central Texas home.

The donation makes Shotwell, Elon Musk's second-in-command, one of the largest known individual contributors to Trump Accounts, the tax-advantaged savings vehicles seeded with $1,000 from the Treasury for every American child born between 2025 and 2028.

Billionaire founder Michael Dell and his wife, Susan Dell, have contributed $6.25 billion to Trump Accounts, prompting a ringing endorsement from the president.

"They are truly incredible people. Go out and buy a Dell computer," Trump told reporters on Monday. "I have a son that loves their laptop."

Shotwell's gift comes after Trump said last week that he expected Musk would donate SpaceX stock to the program.

Neither Trump nor Musk has publicly confirmed whether the world's richest man has made a donation.

Read next

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

Georgia is a fellow at Business Insider's London office.Before joining Business Insider, she worked at Japan's largest newspaper, The Yomiuri Shimbun, and interned at the Financial Times. She is an NCTJ-qualified journalist with a degree in Philosophy from the University of Birmingham. You can contact her via email at [email protected]

Trump SpaceX Finance More Stocks Wealth

SummaryCompaniesLuxshare shares fall as much as 9.6% on debutInvestors more selective amid fundraising rush, volatilityHong Kong market grappling with lock-up expirationsHONG KONG, July 9 (Reuters) - Shares of Luxshare Precision Industry led ​losses among IPO debutants in Hong Kong on Thursday after raising HK$24.27 billion ($3.10 billion) in the city's biggest ‌listing this year, as investors became more selective amid a fundraising rush and rising volatility.

The stock dropped as much as 9.6% to a low of HK$57.2 compared with its offer price of HK$63.28. At market close, it last traded at HK$60 a share.

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Luxshare's debut is the latest in a line of share offerings ​by Chinese technology and advanced manufacturing firms in Hong Kong, as they seek to fund expansion and research in electronics, ​chips and artificial intelligence.

Knowledge Atlas Technology (2513.HK), opens new tab, also known as Zhipu AI, launched a roughly $4 billion Hong Kong share ⁠placement on Wednesday with shares climbing another 11.3% on Thursday, while chipmaker Nexchip Semiconductor priced its Hong Kong listing this week to raise ​about HK$6.98 billion.

However, these offerings have run into a volatile market driven by a tech-stock pullback and renewed geopolitical tensions. A record wave of lock-up ​expirations after a strong first half for new listings is also casting a shadow.

Most of the six other Hong Kong debutants also received lukewarm welcomes on Thursday. Electronic test equipment maker Rigol and circuit-board tool maker DTech slid below their offering prices, while e-paper display maker DKE (1770.HK), opens new tab and ceramic electronic parts ​maker CCTC notched small gains.

Food company Qiyunshan Food (2797.HK), opens new tab surged nearly threefold to a high of HK$26 per share, while Rokae Robotics (3752.HK), opens new tab was ​up 15.2%.

"The underperformance of some new listings likely reflects a more cautious market backdrop and broader uncertainties surrounding global trade and geopolitics," said Chokwai Lee, ‌a director ⁠at Morningstar.

The weak debuts show investors are growing more selective about richly valued companies, as well as a more cautious stance on the pace of AI adoption following a recent pullback in the chip rally, he added.

Chinese tech firms which listed in droves months ago are faced with investor profit-taking starting this month. MiniMax Group (0100.HK), opens new tab plunged as much as 18% on Thursday as the company's first large post-listing ​lock-up period expired, freeing up roughly ​45% of its issued share ⁠capital for public trading.

APPLE SUPPLIERFounded in 2004 by Wang Laichun and her brother, Wang Laisheng, Luxshare makes parts, modules and finished products used in consumer electronics, cars, communications gear and data centres.

Luxshare is ​one of Apple's (AAPL.O), opens new tab largest suppliers. Its products include parts used in smartphones, laptops, smart wearables, wireless ​charging modules, routers and ⁠video-conferencing equipment.

The company, which is already listed in Shenzhen (002475.SZ), opens new tab with shares up 3.2% on the day, is raising money in Hong Kong to fund overseas growth, research and development, factory expansion and debt repayment.

Cornerstone investors, or large investors that agree to buy shares before listing, include Temasek-linked ⁠funds, HHLR ​Advisors, GIC, CPE, Greenwoods, Foresight Funds and Abu Dhabi Investment Authority, according to ​its listing prospectus.

Luxshare's net profit rose 24.6% to 18.17 billion yuan ($2.7 billion) in 2025, while revenue climbed 23.6% to 332.34 billion yuan, the prospectus said.

($1 = 7.8402 Hong Kong ​dollars)

Reporting by Jiaxing Li and Selena Li in Hong Kong, Yantoultra Ngui in Singapore; Editing by Jacqueline Wong, Jamie Freed and Thomas Derpinghaus

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

Yantoultra Ngui is the Southeast Asia Deals Correspondent of Reuters in Singapore, covering M&A and capital market activities in a region that is fast emerging as one of the world’s biggest economies. He previously was a reporter at Bloomberg and The Wall Street Journal (WSJ). Notably, he was part of WSJ's team that covered the financial scandal at Malaysian state fund 1MDB, and that won SOPA Excellence in Breaking News award for the coverage of the assassination of Kim Jong Nam, the half-brother of North Korea's leader Kim Jong Un, in Malaysia in 2018. Yantoultra graduated with an MBA in Finance from Universiti Putra Malaysia (UPM) in 2010.

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Artificial intelligence spending has entered a new phase. The industry’s biggest technology companies are no longer debating whether to build more infrastructure — they’re competing to build it faster than everyone else. Meta Platforms (NASDAQ:META | META Price Prediction) is among the most aggressive, with capital expenditures expected to reach between $125 billion and $145 billion this year, according to the company’s latest guidance. 

Last week, reports suggested Meta was preparing a new business selling excess AI computing capacity. This week, it announced a new $10 billion Canadian data center. At first glance, those headlines seem to point in opposite directions, but they just might reveal the same long-term strategy.

New Data Center Doesn’t Contradict Compute Strategy Reports last week indicated Meta wants to create a new revenue stream by renting unused GPU capacity to outside customers, much like cloud providers already do. The idea is simple: if Meta has computing resources sitting idle between AI training cycles, why not monetize them instead of letting expensive hardware go unused?

Then came the announcement of a 1-gigawatt, roughly $10 billion data center in Alberta, Canada — its first major facility in the country. The timing prompted some understandable skepticism. If Meta expects to have excess compute available to rent, why is it adding another massive data center?

Surprisingly, that’s exactly the point. Hyperscale data centers take years to construct, while AI demand rises in bursts rather than a straight line. Meta isn’t building for today’s workloads. It’s building for where it believes AI demand will be in 2028 and beyond. Any temporary excess capacity becomes inventory that can generate revenue instead of remaining an idle cost.

Rather than undermining the cloud strategy, the Canadian facility expands the amount of compute Meta can potentially monetize.

Meta is betting $145B on an infrastructure 'airline' model—monetizing the surplus today to own the cloud of 2028. © 24/7 Wall St. Why Investors Are Rolling Their Eyes Some investors are giving Meta a “facepalm” reaction to the announcement due to growing AI spending fatigue. Every major hyperscaler is spending tens of billions on AI infrastructure before corresponding revenue has fully materialized. That fuels concerns that the industry could create a compute glut, where everyone builds more capacity than customers ultimately need.

Meta also carries baggage. Investors still remember the tens of billions spent — and lost — on Reality Labs and the metaverse with little financial payoff. Adding another $10 billion project naturally invites comparisons, even though AI has far clearer commercial applications than virtual reality ever did.

The same investor newsletter that told subscribers to buy Amazon in 2002, Netflix in 2004, and Nvidia in 2005 still publishes two new stock picks every month. Over 23 years, Motley Fool's Stock Advisor has more than quadrupled the S&P 500. New members get this month's picks, the Top 10 Rankings, and a 30-day money-back guarantee. Click here to unlock their next top stocks while new members are still being accepted.

Environmental concerns add another layer. Alberta officials have emphasized projects capable of securing their own power supplies, but critics note large AI data centers consume enormous amounts of electricity, with this project expected to rely heavily on natural gas generation.

The Bigger Bet Is Utilization Meta isn’t expecting every GPU to remain busy with its own applications every hour of every day. That’s inefficient. Instead, management appears to be treating compute much like airlines treat empty seats or hotels treat vacant rooms. Internal AI projects receive priority. Excess capacity becomes a product.

Granted, skeptics argue every hyperscaler now seems to be planning the same thing — build more infrastructure than needed and rent the surplus to someone else. If every company follows that strategy, pricing pressure could emerge.

That said, Meta has one advantage many rivals lack. Its advertising business continues generating tens of billions in quarterly operating cash flow, giving it sufficient financial flexibility to absorb years of infrastructure investment while new revenue streams mature.

Key Takeaway In short, Meta’s Canadian data center doesn’t undermine its plan to sell excess compute — it strengthens it. The company isn’t building because it already has too much capacity. It’s building enough infrastructure to satisfy its own AI ambitions while creating a cloud-like business capable of generating additional revenue from any unused compute.

Ultimately, the real question isn’t whether Meta is building too much. It’s whether utilization rates remain high enough to justify the investment. If management succeeds in keeping both internal AI projects and outside customers filling those servers, today’s $10 billion spending announcement could eventually look less like overbuilding and more like laying the foundation for an entirely new business. For long-term investors, that’s the metric worth watching — not simply the size of the construction bill.

If You'd Bought Amazon When the Motley Fool Said To…In September 2002, Stock Advisor told subscribers to buy Amazon. In December 2004, Netflix. In April 2005, Nvidia. The newsletter still publishes two new stock picks every month — and over 23 years, has more than quadrupled the S&P 500. Here's how to get this month's picks:

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Five years from now, you'll probably wish you'd bought this month's picks. Don't miss them.

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Visitors walk near a logo of Google at Bharat Mandapam, one of the venues for AI Impact Summit, in New Delhi, India, February 17, 2026. REUTERS/Bhawika Chhabra/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesGoogle counts India as a key growth market for search, adsCourt said Google ad platform was allowing trademark breachGoogle says ruling has major consequences for digital ad marketNEW DELHI, July 9 (Reuters) - Google (GOOGL.O), opens new tab has challenged an Indian ​court ruling that it infringed on a company's trademark rights by allowing rivals to use its ‌name as an advertising keyword, arguing the decision will hurt consumers, documents reviewed by Reuters show.

The May decision could reshape the online ads market in a country where Google last year earned $4.1 billion in gross advertising revenue but where it is also facing a raft of ​antitrust cases and court battles.

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To ensure their ads are promoted by Google and target the right customers, ​companies bid on keywords that online consumers type into the search engine.

Indian bathroom fittings maker ⁠Hindware, however, accused its rivals of purchasing keywords related to its brand on the Google ads platform, so that ​their websites appear at the top of searches when consumers typed in "Hindware".

The Delhi High Court ruled against Google in the ​case, ordering it to pay damages of $31,600 and other litigation costs.

In its 4,761-page challenge, which is not public but was reviewed by Reuters, Google said the decision makes India the "sole outlier" among global jurisdictions "with serious consequences for the digital advertising industry, online consumer choice, ​and competitive markets."

Researchers have observed that consumers may search for a brand in order to identify and assess alternatives, ​Google wrote in the July 7 filing, arguing the ruling will effectively grant trademark owners a "monopoly over advertising space to the detriment ‌of consumers."

In ⁠a response to a Reuters request for comment, Google confirmed it is appealing the order, which it said "diverges from established legal precedents in India". It added that its ads policies reflect standard practices that enable competition.

Google India's appeal will be heard in the coming days.

GOOGLE SELLING SOMETHING IT DOESN'T OWN, JUDGE SAYSIf upheld, Indian lawyers and tech experts ​say the original ruling will ​have wide-ranging ramifications for how ⁠the online ads market operates.

Indian matchmaking service Shaadi.com, for example, said that it would change the economics of online ads for millions of businesses that were suffering when their ​competitors bid on their name and Google took a fee.

Justice Mini Pushkarna noted in ​the decision in ⁠May that Google could not be permitted to shrug off responsibility after making a tool available that leads to trademark infringement.

"Google has attempted to sell something that it simply does not own," Pushkarna wrote.

Google's appeal rejects the position that it has ⁠infringed ​on trademarks, arguing that "a keyword is merely used as an internal and ​backend trigger to display an ad" and is simply "making advertising space available".

Google also faces antitrust cases in India as well as legal challenges over AI ​training and stricter-than-ever content takedown regulations that began applying to tech companies from February.

Reporting by Aditya Kalra; Editing by Joe Bavier

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

Aditya Kalra is the Company News Editor for Reuters in India, overseeing business coverage and reporting stories on some of the world's biggest companies. He joined Reuters in 2008 and has in recent years written stories on challenges and strategies of a wide array of companies -- from Amazon, Google and Walmart to Xiaomi, Starbucks and Reliance. He also extensively works on deeply-reported and investigative business stories.

Punters on Polymarket are wagering on what it will cost to rent Nvidia's H100 chip by the end of July, and the market says more about the AI economy than almost any equity index.

Traders currently assign a 43% probability that the benchmark rental rate lands between $2.30 and $2.60 per hour, with a 26% chance of $2.60 to $2.90.

Only 2% expect prices below $2.00, the level that would signal genuine oversupply.

The contract resolves against the Ornn H100 Index, a benchmark tracking hourly rental rates across cloud providers.

That such an index exists at all may be the real story: compute is becoming a tradeable commodity, like oil or wheat.

The Ornn index has been available on the Bloomberg Terminal since April, and Intercontinental Exchange, one of the world's largest exchange operators, has announced plans to launch GPU futures contracts tied to a compute price benchmark.

That would give hedge funds and commodity traders a direct way to bet on AI demand without buying shares in Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) or Microsoft Corp (NASDAQ:MSFT).

The price itself is a live macro signal. One-year H100 rental contracts surged roughly 40% between October 2025 and March 2026, from $1.70 to $2.35 per hour, as an unexpected compute crunch took hold.

Most analysts had assumed the opposite: that older Hopper chips would tumble in price as Nvidia's newer Blackwell generation ramped up.

Instead, surging inference demand from AI agents and coding tools absorbed capacity faster than it could be built, with clusters reportedly booked out until autumn.

Prices have since cooled from a May spike, which is why the Polymarket consensus clusters in the middle of the range.

If rates hold above $2.30, it suggests AI demand is still outrunning supply; a slide below $2.00 would be the first hard evidence the compute boom is easing.

The Digital Asset Market Clarity Act (Clarity Act) continues to draw its fair share of skeptics as it moves through the arduous process of becoming law. One of the most vocal critics is Jamie Dimon, CEO of JPMorgan Chase (JPM 2.54%), who has argued that some of the legislation's stablecoin rules could "blow up" the system.

So what is it about stablecoins that the traditional banking industry doesn't like?

New risk factors It's not that Jamie Dimon is against the concept of stablecoins, which are simply "digital dollars." After all, JPMorgan Chase has already experimented with tokenized deposits, programmable money, and other innovations made possible by decentralized finance (DeFi). The growing consensus is that stablecoins can enable faster payments, shorter settlement times, and more streamlined cross-border money flows.

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The problem, quite simply, is that stablecoins come with risks that the Clarity Act does not address. Analysts at the financial giant recently laid out these risk factors in a June 29 position paper.

The primary risk is that stablecoins might be allowed to play by a whole different set of rules than traditional banking products. For that reason, JPMorgan Chase has argued that stablecoins must be subject to the same capital, liquidity, and anti-money laundering rules as traditional bank deposits. If these safeguards and protections are not specifically written into the Clarity Act, then they are likely to be ignored.

Image source: Getty Images.

To understand why Jamie Dimon has become such an outspoken critic of stablecoins, consider that many stablecoin yield products are designed to look and feel just like traditional bank deposits. However, they are not bound by the same rules and do not come with the same consumer protections. In other words, if a stablecoin suddenly loses its peg, investors will find out the hard way that the government is not going to come to their rescue.

In the event of a major financial crisis (such as a bank run), the results could be catastrophic. As Dimon warns, stablecoins could literally "blow up" the system. This is something that academics and regulators have been warning about for years. Most recently, the European Central Bank warned that stablecoins could bring down the entire monetary system.

Are these risks overblown? Certainly, stablecoins involve some risk. Despite their name, they are not always "stable." Investors saw that in the previous crypto bear market, when a popular stablecoin lost its peg, with disastrous consequences.

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However, are these dire warnings about stablecoins just a clever attempt by the traditional banking industry to avoid being disrupted by their crypto competitors? That's the case Coinbase CEO Brian Armstrong has repeatedly made, suggesting that the banking industry will stop at nothing to prevent new stablecoin products from going mainstream.

Hopefully, a compromise can be found. If Congress can sign the Clarity Act into law this year, it could be off to the races for the crypto industry. And that could augur well for stablecoins, which are already a $300 billion industry.

For the sake of investors everywhere, let's hope that the proper safeguards are put into place sooner rather than later.

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Two Blue Chips, Two Very Different Stories Coca-Cola (NYSE:KO | KO Price Prediction) has spent the past decade doing what it does best: quietly compounding. The company refranchised bottling operations, bought Costa Coffee in 2019, added BODYARMOR in 2021, and rode Coca-Cola Zero Sugar into a growth engine (volume up 13% to 14%). Henrique Braun took over as CEO in 2026, inheriting a portfolio that just posted $47.94 billion in FY2025 revenue and a 64th straight annual dividend hike.

Exxon Mobil (NYSE:XOM) took a wilder ride. Removed from the Dow in August 2020 during the oil crash, the company doubled down instead of pivoting green. CEO Darren Woods pushed the $60 billion Pioneer Natural Resources deal to close in 2024, drove Permian output to 1.6 million oil-equivalent barrels per day (boed), and lifted Guyana output to 700,000 gross barrels per day. Total production hit 4.7 million boed in 2025, the highest in more than 40 years.

What $1,000 Would Be Worth Today Coca-Cola Exxon S&P 500 1-Year $1,221 (+22.12%) $1,275 (+27.51%) $1,202 (+20.16%) 5-Year $1,776 (+77.57%) $2,771 (+177.06%) $1,712 (+71.15%) 10-Year $2,512 (+151.17%) $2,330 (+133.00%) $3,505 (+250.53%) Both stocks beat the S&P 500 over one and five years, and both trailed it over a decade. Exxon’s five-year figure looks heroic, but remember the starting point: shares changed hands near $50.94 in July 2021, still bruised from the pandemic collapse. Timing did most of the work. Coca-Cola’s story is less exciting but more repeatable: low beta (0.35), consistent price appreciation, and a growing dividend that lifts total return every year. Neither figure above includes reinvested dividends, which would meaningfully sweeten both total returns.

Where to Put Fresh Money Coca-Cola is the choice today for defensive compounding, a 2.5% yield, and exposure to global unit-case volume growth. However, a 26 trailing P/E on a low-growth beverage business feels rich after a big year-to-date run.

Exxon is the way to go if advantaged Permian and Guyana barrels keep printing cash and the $20 billion buyback plan shrinks the float meaningfully. The risks are that oil prices can be cyclically elevated, or that Middle East disruptions (Q1 alone carried $706 million in losses) could become recurring.

In other words, Coca-Cola fits a sleep-well-at-night profile, while Exxon reads as a smaller cyclical tilt. The right mix depends on an investor’s risk tolerance and income needs.

Want Up To $1,000? SoFi Is Giving New Active Invest Users Free StockLooking to grow your money but unsure where to begin? SoFi Active Invest is offering a limited-time promotion—open an account, fund it with $50 or more, and you could receive up to $1,000 in complimentary stock for Active Invest accounts.

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PepsiCo on Thursday reported mixed quarterly results as the struggles of its North American food and beverage divisions offset strong international demand.

"Results were tempered in the quarter as U.S. food and beverage category performance moderated with consumer budgets tightening due to rising inflationary pressures," CEO Ramon Laguarta said in prepared remarks shared on the company's website on Thursday.

During Pepsi's second quarter, global oil prices swung dramatically due to the U.S. war with Iran. In the U.S., the national average gas price hit a four-year high of $4.56 per gallon in late May, leading many shoppers to watch their spending.

Here's what the company reported for the quarter ended June 13 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

Earnings per share: $2.20 adjusted vs. $2.21 expectedRevenue: $24.18 billion vs. $23.95 billion expectedPepsi reported second-quarter net income attributable to the company of $2.98 billion, or $2.18 per share, up from $1.26 billion, or 92 cents per share, a year earlier.

Excluding restructuring and impairment charges and other items, the company earned $2.20 per share.

Net sales rose 6.4% to $24.18 billion. Organic revenue, which excludes acquisitions, divestitures and foreign currency, increased 2.4% in the quarter.

Globally, volume for Pepsi's food increased 3%, while volume for its beverages rose 2%. The metric excludes pricing and foreign exchange fluctuations to reflect demand more accurately.

But Pepsi's volume growth came from its international markets. Demand was much weaker domestically. Its North American food business reported flat volume for the quarter, and its North American beverage division saw volume drop 4%.

Over the last two years, both segments have seen weaker demand as a result of higher prices. In February, Pepsi cut prices on Lay's, Tostitos, Doritos and Cheetos by as much as 15% to try to win back shoppers. The company has also been "restaging" some of its iconic brands, like Gatorade and Lay's, with fresh branding to boost their sales.

Pepsi expects that its North American volumes will recover, but that will take time, particularly after this quarter's setback.

"Our North America business was softer than we anticipated in the second quarter, and we now expect a more gradual improvement in performance trends for the balance of this year," CFO Steve Schmitt said in his prepared remarks.

For the full year, Pepsi reiterated its prior forecast that organic revenue will rise between 2% and 4% and core constant currency earnings per share will increase in a range of 4% to 6%.

Moderna logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

CompaniesJuly 9 (Reuters) - Moderna (MRNA.O), opens new tab said on Thursday it has secured a European Commission contract to ​supply its respiratory syncytial virus vaccine ‌to six countries in the region.

Here are the details:

Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here.

The agreement gives the participating countries - Austria, ​Denmark, Ireland, Luxembourg, Norway and Portugal - ​access to up to 24 million ⁠doses of the vaccine over as ​many as four years, the company said.

The ​vaccine, mRESVIA, will be supplied in a ready-to-use, single-dose pre-filled syringe, making administration easier for healthcare ​professionals, Moderna said.

The company had a ​similar joint procurement framework agreement with the European ‌Commission ⁠for COVID-19 vaccines last year.

mRESVIA is authorized in the European Union to prevent lower respiratory tract disease caused by RSV ​in adults.

RSV ​is ⁠a common respiratory virus that causes seasonal infections such as ​the flu and is a leading ​cause ⁠of pneumonia and death in infants and older adults.

Moderna has four approved mRNA vaccines for ⁠respiratory ​infections, including a combined ​influenza and COVID-19 vaccine authorized in Europe.

Reporting by Christy ​Santhosh in Bengaluru; Editing by Leroy Leo

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

UnitedHealth Group (UNH 0.60%) has been one of the best buys in the healthcare sector over the past two months, with shares rising roughly 57% since the end of March.

The stock price of the nation's largest health insurer is now up 29% year to date and 38% over the past 12 months. It is an impressive bounce-back, considering shares had fallen to a nearly seven-year low of $234.60 per share on Aug. 1 last year.

One year earlier, on Aug. 1, 2024, UnitedHealth traded at $572 per share and reached an all-time closing high of $625 per share on Nov. 11, 2024. From that high, the stock price plummeted a staggering 62% over the next nine months.

Image source: Getty Images.

What brought on UnitedHealth's 61% drop? The precipitous fall has been well documented both on The Motley Fool and elsewhere. It was a confluence of factors that included the shocking murder of Brian Thompson, CEO of the UnitedHealthcare arm, on Dec. 4, 2024.

But at the same time, UnitedHealth's earnings started tanking as the firm was hit by a huge increase in Medicare Advantage costs, driven by a surge in elective surgeries and procedures and by patients likely holding off on procedures since the pandemic. This took a huge bite out of earnings.

Also, its Optum division took a hit due in large part to Medicare funding reductions. On top of that, UnitedHealth had been under investigation by the Justice Department for antitrust concerns and its billing practices.

Finally, amid the sinking ship, the CEO of UnitedHealth Group, Andrew Witty, abruptly resigned in May 2025 after four years serving in the role. It made matters worse that the company suspended its guidance, creating massive doubt and uncertainty for investors.

How UNH bounced back After UNH hit rock bottom last August, it slowly started climbing back up. It was partly because the stock was so cheap. After losing some 60% of its value, its P/E ratio plummeted from about 33 to around 13 last June.

One bright spot was that UNH was able to maintain its dividend and even raised it for the 16th straight year. Investors looking for a cheap, high-yield dividend stock found one in UNH.

The company also made a pivot, focusing less on new enrollments, exiting some markets, and repricing plans to improve profitability.

That pivot started to show in its Q1 earnings report. Revenue rose 2% while earnings fell 1% year over year, but earnings were up significantly from the December quarter. Also, its medical cost ratio (MCR) dropped to 83.9%, down 90 basis points year over year. This is a measure of efficiency, as it means UNH spent less on healthcare for every dollar collected in premiums.

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The company also raised its earnings guidance for this fiscal year to greater than $17.35 per share, up from the previous guidance of $17.10. That would be up from $13.23 per share in 2025.

The strong earnings were one tailwind, but the company also received good news from the federal government, which boosted Medicare Advantage plan rates by 2.48% for 2027. Those rates should directly benefit UnitedHealth by providing it with more money to cover medical costs, potentially increasing profits.

Should you buy UnitedHealth stock? So UnitedHealth has some momentum heading into the second-quarter earnings season, but the fact is, the recent surge has raised UNH's valuation. The P/E ratio is now 32, its highest since March 2025, when the stock price started tanking. There were many other factors at play a year ago that waylaid UNH stock, but the only other time the P/E ratio has been this elevated was around its 2024 peak.

While things are improving, UnitedHealth does not have the kind of earnings power to carry that high multiple. For that reason, I don't think UNH is a particularly good deal right now after this big run-up.

By July 8, Salesforce’s (NYSE: CRM) 2026 market and business performance appears to have started getting reflected in the CRM stock price targets and ratings. 

Specifically, Jackson Ader, a KeyBanc analyst, revealed in a Wednesday note that he has downgraded the equity from ‘Overweight’ – ‘Buy’ – to ‘Sector Weight’ – ‘Hold.’ 

The Wall Street expert explained that, while his institution’s opinion that the ‘Death of SaaS’ narrative is overstated due to Salesforce’s position and incumbency advantage remains, it appears that the road to greater success will prove longer than previously expected.

Indeed, while still estimating that Agentforce can succeed, Ader offers some rather scathing remarks that finding evidence for the company’s narrative about artificial intelligence (AI)-related growth has proven difficult. 

Furthermore, the analyst concluded that the new and novel product ‘just is not there’ yet, and that many major customers appear intent on temporarily deprioritizing Salesforce in their budgets before reprioritizing later down the line.

Still, despite the overall tone of the analysis, KeyBanc’s Jackson Ader emphasized the company’s long-term conviction in its assessment of the ‘Death of SaaS’ narrative as it relates to CRM stock, though not as steadfast as before.

Analysts predict Salesforce stock price in the next 12 months Elsewhere, the July 8 note stands in stark contrast with the wider view held by Wall Street. Not only have the majority of assessments published in the last 30 days been bullish – and none bearish – but Salesforce stock is overall considered a ‘Moderate Buy’ by institutional experts.

Wall Street sets Salesforce stock price target for the next 12 months. Source: TipRanks Additionally, Wall Street expects CRM shares to rally 46.60% to $244.21 in the next 12 months, per the data Finbold retrieved from TipRanks on July 9.

2026 CRM stock price chart Lastly, the overall analyst attitude stands in stark contrast with Salesforce stock’s market performance. At the latest close on July 8, CRM shares were changing hands at $166.58, meaning they are down 34.32% year-to-date (YTD).

Salesforce stock price YTD chart. Source: Google Short-term performance is hardly more positive since, barring a brief spike at the start of June, the equity’s downtrend has continued in recent weeks and extended on the morning of July 9 with a 3.73% pre-market plunge to $160.37.

Featured image via Shutterstock

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   TORONTO, Ontario — July 9, 2026 — TheNewswire - Renforth Resources Inc. (CSE: RFR | OTC: RFHRF | FSE: 9RR) ("Renforth" or the "Company") is pleased to announce the commencement of a drill program on our wholly owned Victoria Ni/Cu/Co Open Pit Polymetallic deposit on our Malartic Metals Package Property located between Cadillac and Malartic Quebec, contiguous to the Canadian Malartic Mine Complex property and approximately 19km south of the LaRonde VMS Mine, both held by Agnico Eagle Mines Limited (T:AEM – NYSE:AEM). This program is the first drilling to build upon our September 2025 Victoria MRE, designed to undercut two areas of significant mineralization encountered in prior drilling, as detailed below.

  HIGHLIGHTS

Undercut SUR-21-05 and SUR-21-04, the latter assayed 74.55m of 0.14% Ni and 95.43ppm Co from 126.45 to 201m down the hole, including 10.5m of 0.55% Cu from 182.7 to 193.2m down the hole.* 

Undercut SUR-21-26, SUR-21-27 and SUR-21-28, the latter assayed 170.55m of 0.16% Ni  and 100.2 ppm Co from 40.9 to 211.45m down the hole, culminating in a highlight interval of 1.5m of 3.46% Ni and 491ppm Co from 196.5 to 198m down the hole.* 

  *Please refer to prior press releases issued on November 10, 2021 and March 29, 2022 for fulsome results

    “We are happy to have the drill turning on our Victoria project again, initially undercutting some very good prior results in order to, with success, begin expanding the initial resource. Personally I find Victoria a very exciting project which I feel will continue to grow, both within the 2.5km our open pit resource currently covers, as we drill deeper and infill this footprint, and, in addition, when we eventually step out and drill off the remainder of the 20km long mineralized structure that our Victoria deposit currently sits in a small part of. This deposit, currently presented as a “low grade” Ni equivalent open pit with a <1:1 strip ratio, road access and a hydroelectric powerline crossing it, in an entirely underexplored area within a very established mining district, is just beginning to tell us its story. We have proven, and previously press released, that we can sort the mineralized material and process it conventionally with initial testing of both technologies, our next step is to drill for expansion and a better understanding of grade. As we have high grade results in several commodities in hand we know there is potential, now starts the follow up” states Nicole Brewster, President and CEO of Renforth.

    First Undercut Area

  Undercutting SUR-21-05 and SUR-21-04 which were drilled in March 2021, resulting in the following assay highlights as previously press released November 10, 2021.

  Hole ID

From

To

Length (m)

Cu %

Ni %

Co ppm

Zn %

SUR-21-04

28.5

31.5

3

      0.13

SUR-21-04

40.3

45

4.7

      0.49

SUR-21-04

48

50.3

2.3

  0.12

    SUR-21-04

51.5

60

8.5

      0.35

SUR-21-04

69.5

74.1

4.6

      0.41

SUR-21-04

79

81.3

2.3

      0.27

SUR-21-04

81.3

121.4

40.1

  0.12

90.93

  or

81.3

201

119.7

  0.13

90.49

  SUR-21-04

126.45

201

74.55

  0.14

95.43

  including

182.7

193.2

10.5

0.52

0.09

79.66

0.44

including

192.65

193.2

0.55

0.95

0.17

217

  SUR-21-04

193.2

201

7.8

  0.28

165.65

  SUR-21-05

9.1

11.3

2.2

      0.51

SUR-21-05

11.3

84

72.7

  0.13

97.27

  SUR-21-05

85.3

96.7

11.4

0.12

    0.81

SUR-21-05

96.7

114

17.3

  0.13

87

  *Length stated is as measured in the core box, the true width is not currently known.

  Vertical Cross Section First Undercut Area

Click Image To View Full Size

The first planned undercut drillhole in this area is the green drillhole in the vertical cross section above showing the block model outline and prior drilling which form the Victoria MRE.

    Second Undercut Area

  Drillholes SUR-21-26, SUR-21-27 and SUR-21-28 were drilled in December 2021 with the assay result highlights press released on March 29, 2022 as they appear below.

   DDH

  From m

To m

Length m

Ni%

Co ppm

Cu%

Zn%

SUR-21-26

  2.8

61

58.2

0.17

116.4

    SUR-21-26

incl.

37.5

57.45

19.95

0.24

152.3

    SUR-21-26

incl.

51

55.4

4.4

0.3

176.3

    SUR-21-26

  65.35

67.2

1.85

  98.72

  1.9

SUR-21-26

  90.5

96

5.5

0.15

83.5

    SUR-21-26

  107.15

109.2

2.05

0.19

131.3

    SUR-21-26

  122.5

124.55

2.05

  84.77

  0.27

SUR-21-27

  15.4

16.3

0.9

0.16

150

    SUR-21-27

  30

34.5

4.5

0.17

150.7

    SUR-21-27

incl.

31.5

33

1.5

0.19

163.5

    SUR-21-27

  44

73.5

29.5

0.18

159.3

    SUR-21-27

 incl

55.5

73.5

18

0.2

151.2

    SUR-21-27

or

55.5

65.25

9.75

0.235

172.5

    SUR-21-27

and incl.

70

72.5

2.5

0.23

167.6

    SUR-21-27

  91.5

93

1.5

0.15

108

    SUR-21-27

  97.5

99

1.5

0.16

103

    SUR-21-27

  109

112

3

0.16

105.5

    SUR-21-28

  31.5

36

4.5

0.18

155.6

    SUR-21-28

  40.9

211.45

170.55

0.16

100.2

    SUR-21-28

incl.

61.5

77.35

15.85

0.2

133.6

    SUR-21-28

which incl.

70.6

72.6

2

0.34

214.5

    SUR-21-28

also incl.

153

153.8

0.8

0.19

134

    SUR-21-28

and incl.

187.5

199.5

12

0.54

138.7

    SUR-21-28

or

195

202.5

7.5

0.8

174.5

    SUR-21-28

which incl.

196.5

198

1.5

3.46

491

0.1

  *Length stated is as measured in the core box, the true width is not currently known.

  Vertical Cross Section Second Undercut Area

Click Image To View Full Size

The first drillhole planned to undercut prior results in this second area is depicted in green in the vertical cross section above, which also shows the block model outline and prior drilling which form the existing Victoria MRE.

    Renforth will update shareholders as required during, and on completion of, the drill program at Victoria.

  Assay results highlighted above, taken from prior press releases, were the result of testing of drill core selected in the field from logged drill core, bagged, tagged, and sealed and delivered to initially AGAT Laboratories in Val D’Or where they were processed for Sodium Peroxide Fusion – ICP-OES/ICP-MS Finish Multi Element Analysis under the supervision of Francis R. Newton P. Geo OGQ.

  At the date of the initial report of these results no testing had been done for platinum group elements, Renforth completed that testing after this work and the calculation of the Victoria MRE.

  The initial testing to prove the ability to sort the mineralized material from Victoria referenced above is discussed in the press release “Renforth Resources Inc. Reports Success on Initial Sorting Test of Victoria Polymetallic Mineralization” issued October 1, 2024. The initial testing demonstrating that conventional processing can be implemented at Victoria, as referenced above, is discussed in the press release titled “Renforth Resources Inc. Receives Positive Initial QEMSCAN Characterization and Liberation Analysis Results at Victoria Sulphide Nickel Polymetallic in Quebec” released March 27, 2025. Both are addressed in the Victoria MRE report “Technical Report and mineral Resources Estimate of the Victoria Nickel Polymetallic Sulphide Deposit, Malartic Metals Package Property, Malartic, Quebec” effective September 26, 2025, and filed under the Company’s profile on SEDAR.

  This press release contains no new exploration information.

  Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P. Geo (OGQ#2129), a “qualified person” pursuant to NI 43-101

    Renforth is still awaiting receipt of the assay data from the channel cutting program recently completed on the wholly owned Parbec Gold Deposit, located beside the Canadian Malartic Mine held by Agnico Eagle Mines Limited (T:AEM – NYSE:AEM) where Renforth is focussed on increasing and recategorizing the resource ounces present in the open pit deposit. When the assay data is received results will be shared.

    ABOUT RENFORTH RESOURCES INC.

Renforth Resources Inc. (CSE: RFR | OTC: RFHRF | FSE: 9RR) is a Canadian junior gold exploration company focused on advancing the Parbec gold deposit in the prolific Abitibi region of Québec. Parbec is strategically located immediately adjacent to Agnico Eagle Mines Limited's (T:AEM – NYSE:AEM) Canadian Malartic complex, one of the largest open-pit gold mines in Canada. The Company also holds the Victoria Ni/Cu/Co polymetallic deposit. Renforth is committed to disciplined, systematic exploration and transparent disclosure as it works to unlock the value of its Abitibi-region portfolio.

  CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of applicable Canadian securities legislation, including statements with respect to planned exploration programmes, drill timing, anticipated results of mapping and sampling activities, and the Company's strategic plans. Forward-looking statements are based on management's current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in such forward-looking statements. These risks include, without limitation, changes in commodity prices, the results of exploration activities, regulatory changes, and general economic conditions. The Company does not undertake any obligation to update forward-looking statements except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements.

  FOR FURTHER INFORMATION:

Nicole Brewster

President & CEO, Renforth Resources Inc.

[email protected]

(416)818-1393

CSE: RFR | OTC: RFHRF

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Chip stocks were set for a rebound on Thursday as investors stepped back into the AI hardware trade after two brutal sessions of profit-taking.

Micron rose 3.5% in premarket trading to $982.05, while AMD and Intel also gained over 2.5% after recent Wall Street target hikes helped restore some confidence in the sector.

The bounce follows a sharp selloff across Korea, Japan and the US, where investors briefly questioned whether the AI chip rally had run too far, too fast.

The reversal began after one of the sharpest global chip selloffs of the year.

Samsung Electronics reported preliminary second-quarter operating profit of 89.4 trillion won on Tuesday, with sales of about 171 trillion won, confirming a record quarter driven by AI memory demand.

But instead of rallying, Korean chip stocks sold off as investors treated the results as a “sell-the-news” moment.

South Korea’s Kospi fell into technical bear-market territory on Wednesday, down 22.8% from its June 22 peak.

Samsung lost 6.3% and SK Hynix dropped 5.7% in that session, extending a two-day rout tied to fears about stretched AI valuations, higher oil prices and interest-rate risk.

The earlier selling was even more dramatic as the Kospi ended 7.9% lower last week, with SK Hynix down 14.6%, Samsung off 9.1% and Japan’s Kioxia tumbling more than 13.5% as the memory trade unwound.

By Thursday, dip-buying had returned. Kioxia rose 8.3% in Japan, while Samsung and SK Hynix also gained as investors rotated back into memory names ahead of SK Hynix’s US listing.

The reason the rebound has traction is that analysts have not treated the pullback as a break in the AI cycle.

Bank of America’s Vivek Arya reiterated a Buy rating on Micron and kept a $1,550 price target.

Arya argued that global cloud and AI infrastructure spending could reach $1.5 trillion by 2027, with 35%-40% directed toward memory components.

His view is that investors are underestimating how memory is shifting from a deeply cyclical product into a strategic AI resource.

UBS also stayed bullish on memory. The firm raised its DRAM contract-price forecasts, with DDR prices now expected to rise 32% quarter-on-quarter in the third quarter, nearly double its earlier 17% forecast.

AMD has its own bull case as Goldman Sachs analyst James Schneider raised his AMD target to $640 from $450, citing strong AI demand and the rising role of high-performance CPUs in agentic AI workloads.

Intel’s rebound story is more about turnaround as HSBC analyst Frank Lee doubled his Intel target to $200 from $100, saying server CPU growth and the foundry business could deliver more value than investors expect.

HSBC expects design commitments in Intel Foundry to begin in the second half of 2026.

Also read- Intel, AMD stocks outperformed Nvidia in H1: what's next?

The bullish notes do not remove the risks and Intel is the clearest example of the same phenomenon.

HSBC’s $200 target is far above broader Street expectations, and the thesis depends heavily on foundry customers turning early engagement into real design commitments.

There is also a broader valuation issue as Bank of America’s bubble-risk warning for technology and semiconductor stocks earlier this month showed that even bullish analysts are watching how crowded the trade has become.

The next tests arrive quickly. SK Hynix’s Nasdaq ADRs are due to begin trading on July 10, after Reuters reported that the $28 billion US share sale was more than seven times oversubscribed.

That debut will be a real-time measure of investor appetite for AI memory exposure.

Item 1 of 2 Honeywell Aerospace President and CEO Jim Currier speaks to employees, investors and members of the media at Honeywell Aerospace?s Inaugural Investor Day at Caesars Republic in Scottsdale, Arizona, U.S. June 3, 2026. REUTERS/Caitlin O'Hara/File Photo

[1/2]Honeywell Aerospace President and CEO Jim Currier speaks to employees, investors and members of the media at Honeywell Aerospace?s Inaugural Investor Day at Caesars Republic in Scottsdale, Arizona,... Purchase Licensing Rights, opens new tab Read more

SummaryCompaniesRising European defense spending is driving demand for parts without export roadblocksEuropean countries concerned Washington could block re-export of sensitive US componentsNew Honeywell Aero product announcement expected at Farnborough Airshow, source saysHoneywell Aero also developing non-ITAR technologies for Asia-Pacific partners like Japan and ​South KoreaJuly 9 (Reuters) - U.S. supplier Honeywell Aerospace (HONA.O), opens new tab is looking to add more products designed without restricted U.S. technologies ‌as mounting European defense spending drives demand for parts free from possible export roadblocks.

NATO leaders have unveiled arms deals worth tens of billions of dollars at a gathering in Turkey this week, as they face U.S. demands to spend more to defend Europe and due to pressure from Russia's war in Ukraine.

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

Some European defense ​companies and North American suppliers are also expected to discuss demand for parts not governed by U.S. International Traffic in ​Arms Regulations (ITAR) at the world's largest air show later this month.

There is increasing demand among European countries ⁠for ITAR-free systems due to concerns over Washington potentially blocking the re-export of sensitive U.S. components embedded in foreign weapons, according to ​defense officials and industry executives.

Honeywell Aerospace is set to announce a new ITAR-free product for the international defense sector at the Farnborough ​Airshow in Britain later this month, a source told Reuters.

The Arizona-based company declined to comment on an announcement. But it has tasked a combined 1,000 engineers in Poland and the Czech Republic to design ITAR-free technologies, its CEO Jim Currier told Reuters in an interview in late June.

"Part of it is looking, ​acting, feeling and speaking like a European company," he said of doing business in Europe.

"Their main mantra, and drive and edict is ​to design non-ITAR technology for ... local strategy," Currier said of the engineers at the company's European subsidiary.

It comes as U.S. companies such as dronemakers have been ‌expanding in ⁠Europe, while the U.S. this week floated a new missile maintenance facility on the continent and two defense contractors discussed building ATACMS ballistic missiles for the first time in Germany.

INTERNATIONAL EXPANSIONHoneywell Aerospace sees international exposure growing for its defense business, which accounts for about 40% of company revenue and includes navigation systems and actuators for missiles. Last year, international sales accounted for about 30% of the company's defense business, up ​from around 18% in 2020, Honeywell ​Aerospace said.

Currier said Honeywell Aerospace ⁠was using the company's global presence to scale ITAR-free navigational technology from its 2024 acquisition of Italy's Civitanavi.

"That has been the playbook. We are developing non-ITAR technologies for use in the EU and overseas ​for our partners in the Asia-Pacific region, like Japan and Korea," he said.

While European demand for ​ITAR-free components and ⁠parts has existed for years, geopolitical tensions between the U.S. and its NATO allies are underpinning greater calls for the technology.

The Canadian government has said it was made aware during last year's Paris Air Show of greater demand from European defense firms for North American suppliers free from U.S. ⁠ITAR restrictions, ​and such demand has led Canada to attempt further integration into European supply ​chains.

Michael Iacovelli, CEO of Toronto-area aerospace and defense components supplier Ben Machine Products, said more than half of its work is now required by clients to be ITAR-free. ​In contrast, none of its work needed to be ITAR-free in 2018, he said.

Reporting by Allison Lampert in Montreal; Editing by Jamie Freed

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