Track market-moving stories before they get noisy

Shares of Meta Platforms (META +8.88%) spiked on Wednesday, following reports that the social media titan plans to sell its excess computing capacity to recoup some of its enormous artificial intelligence (AI) spending.

Image source: The Motley Fool.

Monetizing its massive AI investments CEO Mark Zuckerberg has been ultra-aggressive in his efforts to build Meta into an AI powerhouse. From billion-dollar acquisitions to reportedly offering top AI researchers $100 million recruiting bonuses, Zuckerberg is sparing no expense.

In all, Meta plans to spend as much as $145 billion on capital expenditures in 2026 alone.

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Now, Zuckerberg has a plan to recover some of that cash sooner than investors expected.

The cloud computing colossus is considering launching a new business centered on selling its excess AI computing resources, as well as access to its AI models, according to a report by Bloomberg.

Meta would continue to operate its sprawling data centers and rent access to developers.

Competition would be fierce The move could place Meta in more direct competition with AI infrastructure providers such as Nebius and CoreWeave, along with hyperscalers like Microsoft and Alphabet's Google Cloud.

Those aren't easy rivals to challenge, but Meta may be one of the few companies that could compete successfully in this rapidly expanding AI compute arena.

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, and Microsoft. The Motley Fool has a disclosure policy.

A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, March 25, 2024. REUTERS/Gonzalo Fuentes/File Photo Purchase Licensing Rights, opens new tab

July 2 (Reuters) - A consortium including Microsoft (MSFT.O), opens new tab and telecom startup Lightstorm plans to build a new undersea cable linking India with Malaysia and Singapore ​as technology firms compete to expand AI and cloud infrastructure ‌in India, one of the world's fastest-growing data markets.

The consortium, whose other members include Tata Communications (TATA.NS), opens new tab, Singapore Telecommunications (STEL.SI), opens new tab, Singapore's ASEAN Cableship and Japan's NEC Corporation, will construct ​the I-2SEA cable to support AI, cloud and hyperscale workloads, ​the companies said on Thursday.

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They did not provide additional details ⁠including the investment size.

The network will span 3,600 km and have landing ​stations in Machilipatnam in the southern Indian state of Andhra Pradesh, where ​Meta (META.O), opens new tab and Alphabet (GOOGL.O), opens new tab have announced data centers.

The cable is expected to be operational in the fourth quarter of 2029, Lightstorm Group CEO and Managing Director Amajit Gupta ​told Reuters in an interview.

The I Squared-backed company currently connects 19 AI ​and cloud zones across India through terrestrial fiber cable networks, with the new network ‌expected ⁠to bring this number up to 29, Gupta said.

India's operational data center capacity could double from the current 1.4 gigawatts by 2027, based on projects under construction, and increase five-fold by 2030 if planned projects are ​fast-tracked, Macquarie Equity ​Research said in ⁠a report last October.

Undersea cables carry roughly 95% of the world's internet traffic. India currently has 17 active ​submarine cables with a maximum potential capacity of 960 ​terabits ⁠per second, and at least 10 more have been publicly announced, according to TeleGeography, a telecommunications research firm.

Separately, Lightstorm plans to list in India in ⁠mid-2027, ​Gupta said, without disclosing any other details. ​The company was seeking a valuation of up to $1.5 billion in March, according to a media report, opens new tab.

Reporting ​by Abhirami G in Bengaluru; editing by Chandini Monnappa and Sonia Cheema

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

Infrastructure Capital Management CEO Jay Hatfield says Netflix is showing good growth despite being ‘double hammered' on ‘The Claman Countdown.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #theclamancountdown #netflix #streaming #stocks #stockmarket #investing #wallstreet #markets #finance #growthstocks #technology #mediastocks #jayhatfield #earnings

Don't let the strong bull market of recent years confuse you. Over the long term, stocks may trend higher in price, but during periods of stock market weakness, they can be very volatile. That's why, if you're looking for your portfolio to generate income and/or steady returns over a long time frame, you need to make sure to own a few high-quality blue chip dividend stocks.

Why? Regardless of the stock market's direction, these names can generally be counted on to deliver steady cash returns. A prime example of what I'm talking about is Altria Group (MO 0.57%). Altria may have its own set of controversies, and it's not the right stock for everyone, but if you have no issues with its underlying business, it is a top choice for an anchor position in a long-term portfolio.

Image source: Getty Images.

Altria Group is a strong fit for an income-focused investor The main reason I'm selecting Altria Group, the parent company of Philip Morris USA, is not that the company operates in a recession-resistant industry with inelastic demand. There are several U.S.-listed tobacco stocks, but none match Altria's strong combination of a high dividend yield, a long track record of dividend growth, and relatively low price volatility.

Currently, Altria shares sport a high forward dividend yield of 5.9%.  The company has also raised its quarterly dividend for 57 consecutive years. This makes Altria one of the Dividend Kings, or stocks with at least 50 consecutive years of annual dividend growth. Altria's annual dividend growth has also come in at mid-single-digit levels over the past decade.

In terms of volatility, Altria shares have a five-year monthly beta of 0.50. Beta is a measure of an individual stock's volatility relative to the S&P 500 (^GSPC 0.22%) index. A beta above 1 signals a stock with higher-than-average volatility, while a beta under 1 signals lower volatility. Altria's current beta suggests that it fluctuates half as far as the stock market on an average day.

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Finding similar names to anchor your portfolio Don't get me wrong. I'm not saying you should include only Altria in your low-volatility, income-focused portfolio. Like any individual stock, Altria comes with its own set of company- and industry-specific risks and uncertainties. For instance, Altria's future earnings and dividend growth hinge heavily on the success of the company's efforts to "move beyond smoking," or to pivot toward non-combustible tobacco and nicotine products.

Altria's efforts in this field, coupled with cigarette price hikes, have helped the company maintain enough growth to sustain its Dividend Kings status. However, this uncertainty still lingers until such products become a significantly higher portion of its overall business. That's also the case with Philip Morris International (PM 1.78%), formerly Altria's spun-off overseas subsidiary, but now a direct competitor in verticals like nicotine pouches.

Hence, while Altria is my top low-volatility choice for income investors, to truly "anchor" a portfolio, consider adding stocks with similar defensive and dividend-growth bona fides. That is, seek out shares in companies operating in recession-resistant sectors like consumer staples, healthcare, and utilities that, alongside earnings consistency, have decades-long dividend growth track records. With enough of these anchoring a portfolio, even during down markets, investors can generate steady income without needing to sell positions.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Shares of AeroVironment (AVAV +4.47%) soared more than 20% this week, to around $171, after the drone and defense specialist reported its fiscal fourth-quarter results. The quarter was a blowout by almost any measure -- record revenue, adjusted profits that more than doubled, and a funded backlog that swelled past $1 billion.

Is this the start of a multiyear up cycle in military drones and the systems built to stop them, or a one-quarter spike that borrows from future demand and leaves a harder comparison behind?

The answer rests less on the drones AeroVironment is already known for and more on what it's building next.

Image source: Getty Images.

AeroVironment's fiscal fourth-quarter revenue (the period ended April 30, 2026) jumped 133% year over year to a record $641.6 million. That headline figure, however, was bolstered by the company's acquisitions of defense technology firms BlueHalo and Empirical Systems Aerospace. Strip the deals out, and organic growth was about 31% -- still a strong rate, and the better gauge of underlying demand.

Profitability climbed even faster. AeroVironment's non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA) more than doubled to $140.1 million, lifting the adjusted EBITDA margin to 22%. Adjusted earnings per share were $1.84, up from $1.61 a year earlier.

The figure that speaks most directly to the up-cycle question, though, is backlog. AeroVironment closed the year with a funded backlog of $1.2 billion, up about 65% from $726.6 million a year earlier. Full-year bookings reached $2.7 billion against revenue of roughly $2 billion, for a book-to-bill ratio of 1.4 -- orders came in well ahead of what the company could ship. That kind of forward visibility isn't what a one-quarter spike looks like.

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Looking ahead, counter-drone is the story This is where the multiyear thesis lives. Sure, AeroVironment is best known for its Switchblade loitering munitions -- the small, low-cost attack drones that have become a fixture of modern warfare. But the faster-growing opportunity may sit on the other side of that fight: knocking enemy drones out of the sky.

Counter-drone, or counter-unmanned aircraft systems (counter-UAS), brought in about $200 million of revenue in fiscal 2026. Next to the loitering munitions business, that's still modest.

But management doesn't expect it to stay that way.

"It will not surprise me in the next 3-5 years that our directed energy and our counter-UAS business would be equally as large, if not 2-3 times bigger," CEO Wahid Nawabi said on the company's fiscal fourth-quarter earnings call.

AeroVironment builds its counter-drone defense in three layers. The first is the Titan family of radio-frequency jamming systems, whose sales roughly doubled over the prior year. The second is an early stage directed-energy weapon called LOCUST. And the third is a kinetic interceptor, Freedom Eagle-1, that physically destroys an incoming drone. The pitch to customers is that no single tool stops every threat.

Demand, for now, is moving the right way. Management pointed to "unprecedented" levels of demand across its markets and guided for fiscal 2027 revenue of $2.125 billion to $2.225 billion. The midpoint implies about 10% growth -- a step down from this year's acquisition-boosted pace, but healthy for a business this size, and it doesn't lean on the counter-drone ramp inflecting yet.

So, is the growth stock a buy? At about $171, AeroVironment trades at roughly 54 times the midpoint of management's fiscal 2027 adjusted earnings guidance -- a rich multiple. And even after this week's jump, the stock sits well below the 52-week high near $420 it touched before a steep slide earlier this year.

Personally, I read the backlog and the demand signals as the start of an up cycle rather than a one-off -- but the stock's valuation already bakes a lot of that in. For investors who want exposure to the drone and counter-drone theme, I'd keep any position small or maybe even wait for a more attractive entry point.

2026 has been a banner year for one segment of the AI sector.

Semiconductor stocks have soared, driven by the massive AI infrastructure build-out and shortages in products like memory chips. As a result, the iShares Semiconductor ETF, which tracks major chip stocks, has doubled through the first half of the year.

However, AI stocks with exposure to software have mostly underperformed, as the iShares Expanded Tech-Software Sector ETF, which holds the leading software-as-a-service (SaaS) stocks, is down 16%, significantly underperforming the S&P 500.

While some of those stocks deserve to be down, others have gotten thrown out with the bathwater, and one that looks oversold at this point is Axon Enterprise (AXON +5.95%), a law enforcement technology known for making TASER conductive electrical weapons, body and dashboard cameras, and a suite of software to help law enforcement agencies manage and process data like evidence, records, and investigations.

Historically, Axon has been a big winner on the stock market. The stock is up around 100,000% since its 2001 IPO when it was just a one-product company named TASER, but lately it's struggled. A nine-year streak of gains was snapped last year when the stock fell 6%, and it's been down most of this year as well, now off 30% from its peak in Aug. 2025.

For AI investors looking to rotate away from chip stocks for stocks that look oversold, Axon looks intriguing at the current price.

Let's take a closer look at Axon and what it's doing with AI.

Image source: Axon Enterprise.

An overlooked AI stock While some software stocks have reported slowing growth due to either maturing markets or disruption from AI-native products like Anthropic's Claude Code, that isn't the case with Axon.

Revenue grew 34% in the first quarter on 125% net revenue retention, showing existing customers increased their software spend with the company by 25% over the last four quarters. It also raised its full-year revenue growth guidance from 27%-30% to 30%-32%, a clear sign of confidence from management.

While its core products like TASERs, cameras, and software continue to deliver solid growth, the company is also rapidly innovating with AI and other cutting-edge technologies.

Revenue from AI products rose more than 700% from a year ago. Those include Draft One, a generative-AI tool that writes first drafts of police reports based on body camera footage and audio, and software that can answer policy questions during arrests. Other AI products include Axon Assistant, a voice companion that can provide real-time translation and secure research capabilities, and Axon Vision, which scans video footage and tracks human forms to automatically prioritize or edit footage for review.

Axon has also moved into the drone market with the help of its 2024 acquisition of Dendrone, which has enhanced its drone-as-first-responder vertical and its counter-drone security business. Revenue from counter-drone products was up more than 300% in the first quarter.

Overall, the company balances a healthy core business with innovative growth opportunities in new technologies like AI.

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Will Axon keep climbing? Axon stock has soared this week, following a disclosure on Monday that President Trump bought between $1 million and $5 million worth of the stock in February. That news, which also included a report that Immigration and Customs Enforcement (ICE) solicited a $220 million TASER contract, portends more growth for the company from the federal segment, and Trump's ownership could give it favorable treatment as well.

Axon isn't cheap, trading at a price-to-earnings ratio of close to 100 based on adjusted earnings, and a price-to-sales ratio of 15. However, the company combines strong growth, solid margins, and significant upside potential with AI and its mission of making the bullet obsolete.

The catalyst from Trump's purchase of the stock also shows there's plenty of room for growth if investor sentiment swings back in its favor.

If you're looking to diversify your AI holdings away from chip stocks and other traditional tech stocks, Axon looks like a great choice.

On July 01, 2026, RingCentral Inc RNG shares rose 5.2%, bringing the current price to $40.99. The stock has experienced a 52-week range between $23.59 and $49.85, indicating significant volatility in its trading history.

GF Value™ verdict: The current price of $40.99 is 6.9% above the GF Value™ of $38.33. GF Score™: With a score of 73/100, RNG is ranked as Above Average. Most notable signal: Insiders sold $3.1 million in shares over the last 3 months, indicating potential concerns about the stock's future performance. Is RNG Overvalued or Undervalued? Based on the current price of $40.99 compared to the GF Value™ of $38.33, RingCentral Inc appears to be overvalued by approximately 6.9%. This overvaluation suggests that the stock may not provide a sufficient margin of safety for new investors. The GF Valuation label indicates that the stock is fairly valued, but the current market price exceeds the intrinsic value calculated by GuruFocus. Investors should be cautious as this overvaluation may pose a risk of price correction if the company's performance does not meet market expectations.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the stock's current price is above its calculated intrinsic value, it raises concerns about whether the recent momentum can be sustained in the long term, particularly in light of insider selling activity.

How Does RNG's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 43.6x 62.6x Forward P/E 8.3x N/A Currently, RingCentral's P/E (TTM) is 43.6x, which is significantly lower than its 5-year median P/E of 62.6x. Additionally, the forward P/E stands at 8.3x, indicating a substantial reduction in valuation expectations going forward. This P/E analysis aligns with the GF Value™ assessment that suggests the stock may be overvalued, as the current valuation metrics reflect a decline in investor confidence compared to past performance.

What Does RNG's GF Score™ Tell Us? Metric Rating GF Score™ 73 Financial Strength 4/10 Profitability 4/10 Growth 6/10 Valuation 9/10 Momentum 9/10 The GF Score™ of 73/100 indicates that RingCentral Inc ranks above average relative to its peers. The strongest area is the Valuation rank, where RNG scored 9/10, suggesting that the stock may appear attractive based on valuation metrics. However, the Financial Strength and Profitability ranks, both at 4/10, highlight potential weaknesses in the company's financial stability and profitability, which may raise concerns for long-term growth.

What Are Insiders Doing with RNG Stock? In the last three months, insiders have sold $3.1 million in RingCentral shares, with no reported buying activity. This pattern of selling may suggest that those closest to the company lack confidence in its near-term prospects or believe that the stock is currently overvalued. Insider selling can often be a red flag for potential investors, as it may indicate that insiders expect lower future performance or wish to take profits at current valuations.

What This Means for Investors Based on the GF Value™ analysis, RingCentral Inc RNG is currently overvalued with a price of $40.99 compared to the GF Value™ of $38.33. As such, potential investors may need to exercise caution and consider waiting for a more favorable valuation or signs of improved financial performance before making investment decisions.

For the complete analysis, visit the RingCentral Inc RNG stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is RNG's GF Score™?

RNG's GF Score™ is 73/100, indicating that the stock ranks above average when assessing key factors such as financial strength, profitability, growth, valuation, and momentum.

Is RNG overvalued or undervalued?

RNG is currently overvalued as its price of $40.99 exceeds the GF Value™ of $38.33, suggesting potential risks for new investors at this price point.

What is RNG's P/E ratio?

RNG's P/E (TTM) is 43.6x, which is significantly lower than its historical 5-year median P/E of 62.6x, indicating a drop in valuation expectations compared to previous performance.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

In Brief

Posted:

4:57 PM PDT · July 1, 2026

Image Credits:Brian Heater Apple reportedly has plans to release several new iPad Pros and a new MacBook Pro in the first half of next year.

The company is currently working on four models of the new tablet with faster chips, Bloomberg reported. It is also developing a new “entry-level” MacBook Pro, which is internally referred to as K104, the outlet writes. The company is also targeting that same period for the release of its first M7 processor.

The last time Apple released an iPad Pro was in October of last year. In March, the company released a new high-end MacBook Pro and the budget laptop MacBook Neo, albeit the Neo uses the A18 chip, originally designed for the iPhone. This anticipated new MacBook is expected to be a full-fledged Pro.

The apparent product plans come amidst whisperings of other upcoming releases (including, perhaps, a foldable phone) as the company preps for its post-Tim Cook-as-CEO era while also battling supply chain issues that Cook says have forced it to raise its prices. Those price hikes have been substantial in some cases. The MacBook ​Pro with 1 terabyte of storage recently jumped from $1,699 to $1,999, for instance. So if the company is working on more budget-friendly laptops and tablets, this would be a good time to introduce them.

Apple did not immediately respond to our request for more information.

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Chinese e-commerce giant Alibaba has agreed to pay $600 million and enter into a non-prosecution agreement with the Department of Justice (DOJ) after admitting it failed to prevent tens of thousands of illegal product sales into the U.S. through its online marketplaces.

The DOJ announced Wednesday that Alibaba Group Holding Ltd. and its U.S.-based payment processor, AUS Merchant Services, will pay a combined $600 million to resolve allegations they failed to stop merchants from selling and importing illegal pharmaceuticals, controlled substances, regulated chemicals and pill-making equipment through Alibaba.com and AliExpress.com.

As part of the agreement, Alibaba admitted that between January 2016 and December 2024, roughly 80,000 unlawful product sales involving imports into the U.S. violated the Federal Food, Drug and Cosmetic Act, and other federal laws.

ALIBABA TOUTS NEW AI MODEL IT SAYS RIVALS DEEPSEEK, OPENAI, META'S TOP OFFERINGS

Alibaba Group Holding Ltd. and its U.S.-based payment processor, will pay a combined $600 million to resolve recent Justice Department allegations. (Qilai Shen/Bloomberg via Getty Images, File / Getty Images)

The company acknowledged those transactions generated more than $200 million in gross merchandise value.

Court documents say the company failed to fully incorporate certain wire transfer data into its transaction monitoring system, causing it to miss some high-risk transactions. In at least one instance, a merchant continued selling prohibited products to U.S. buyers after AUS investigated and reported the seller. 

Federal investigators conducted more than 40 undercover purchases of pharmaceuticals and pharmaceutical counterfeiting equipment that were illegal to import into the U.S., the DOJ noted.

TRUMP, OPENAI CEO WEIGH IN ON DEEPSEEK FRENZY

AUS Merchant Services, formerly known as Alipay U.S., also admitted shortcomings in its anti-money laundering compliance program.

According to court documents, the company failed to fully incorporate certain wire transfer data into its transaction monitoring system, causing it to miss some high-risk transactions. In at least one instance, a merchant continued selling prohibited products to U.S. buyers after AUS investigated and reported the seller.

Ticker Security Last Change Change % BABA ALIBABA GROUP HOLDING LTD. 97.99 +2.01 +2.09% "Companies operating online marketplaces — whether based in the United States or abroad — must implement appropriate safeguards to prevent bad actors from exploiting their platforms," Assistant Attorney General Brett A. Shumate said in a statement. "If they fail to do so, the Department will hold them accountable."

TECH MOGUL DOUBTS DEEPSEEK CLAIMS, SAYS US MEDIA FELL FOR ‘CCP PROPAGANDA’

Allegations included failing to stop merchants from selling and importing illegal pharmaceuticals, controlled substances, regulated chemicals and pill-making equipment through Alibaba.com and AliExpress.com. (iStock / iStock)

Alibaba said it cooperated fully with the Justice Department's investigation and has agreed to strengthen compliance measures governing products sold by third-party merchants on its e-commerce platforms.

"Alibaba reached a mutually satisfactory resolution with U.S. regulators on bringing stricter compliance to the sale of products in the United States by third-party merchants on its e-commerce platforms," an Alibaba spokesperson told FOX Business on Wednesday. "This settlement reflects a thorough regulatory process with Alibaba's full cooperation and our commitment to best-in-class standards of control, policies, and measures against non-compliant product sales."

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Under the agreement, Alibaba will pay a $125 million criminal penalty and forfeit $200 million, while AUS Merchant Services will pay an $85 million criminal penalty and forfeit $190 million.

Both companies also agreed to strengthen their compliance programs and continue cooperating with federal investigators.

The Associated Press contributed to this report.

Hello, this is Priyanka Salve, writing to you from Singapore.

Welcome to the latest edition of  "Inside India" — your one-stop destination for stories and developments from the world's fastest-growing large economy.

India's 15-minute delivery boom is reshaping one of the world's fastest-growing e-commerce markets. The service, expected to account for nearly 40% of online retail sales in the country by 2030, is currently led by local players, but Amazon and Walmart-owned Flipkart are mounting an aggressive challenge. The stakes extend beyond growth — they're fighting to stay relevant in a market that's redefining consumer expectations.

Any thoughts on today's newsletter? Share them with the team.

The big storyThe under-15-minute delivery, or quick commerce, companies in India have achieved something remarkable: they disrupted the biggest disruptors. But the fight isn't over yet.

Amazon and Walmart-owned Flipkart, the e-commerce giants that once ended the dominance of physical retail stores in India, were late to enter the quick commerce space but are now mounting an aggressive challenge against the sector's incumbents.

E-commerce companies are not just chasing market share in a new format – they need to offer quick commerce services to remain relevant to consumers, experts told CNBC, adding that India is an important long-term growth market where they need to tap into shifts in consumption habits.

So, during Amazon chief executive Andy Jassy's visit to India last week, quick commerce was undoubtedly in focus.

On June 24, Jassy visited a micro fulfilment center in Mumbai and said in a post on X that the global e-commerce major now has ambitions to become India's "largest delivery-in-minutes network."  

On its app, Amazon Now in India is offering cash back of up to 25% for the first five orders and waiving platform fees and delivery charges as it seeks to rapidly onboard customers and deepen adoption of the service.

The U.S company plans to offer Amazon Now services in more than 300 cities, compared to Blinkit, which is India's dominant quick commerce company with more than 2,200 dark stores serving over 200 cities as of March 2026.

The other challenger, Flipkart, also said last week that its quick service offering, Minutes, has over 1,000 micro fulfilment centers across more than 130 cities.

"For Amazon and Flipkart, this isn't simply about entering another retail format — it's about ensuring they remain relevant if instant fulfilment becomes the preferred mode of e-commerce," Aakash Agrawal, associate director at Anand Rathi Investment Banking, told CNBC.

The frenzied adoptionQuick commerce is a post-pandemic phenomenon in India that began with under-15-minute delivery of fresh produce and fast-moving consumer goods but has gradually expanded to include smartphones, small electronic gadgets and appliances, beauty products, pharmacy and more.

It has rewired consumer habits to prioritize delivery of online products within minutes rather than days. Food delivery companies like Eternal and Swiggy, with their localized logistics networks, were among the first to scale up in this space in India, even though it is start-up Zepto that is often credited with being the first to launch quick commerce in 2021.

While fresh produce, staples, and FMCG goods are the most frequently ordered products on quick commerce platforms, according to experts, small electronic items, kitchen appliances, and travel accessories are also popular across Amazon, Flipkart and their more established rivals.

Amazon is also setting up 100 urban fulfilment centers that will stock apparel, electronics, jewelry, shoes, luggage, watches, wireless accessories, musical instruments and furniture for quick commerce orders. 

According to an April report by Bain & Company, India is the "global leader" in quick commerce adoption, with nearly 17% of its e-commerce gross merchandise value flowing through these platforms.

By 2030, the quick commerce opportunity in India is expected to reach between $65 and $70 billion, up sixfold from 2025, the report said, adding that it will account for up to 40% of total online retail sales by gross volume and nearly half of incremental sales.

Both Amazon and Flipkart are already experiencing the frenzy of quick commerce adoption in India and are expected to take market share from competitors with a weaker financial profile, experts said.

"Prime members triple their shopping frequency once they start using it [Amazon Now], and we've seen orders double every quarter since launch," Jassy said in his post, adding that quick commerce is now the "fastest-growing ecommerce business unit in India" for the company.

A Flipkart spokesperson told CNBC that the e-commerce firm is seeing a sharp rise in adoption of quick commerce outside of metro cities, with Gen Z being the "fastest-growing cohort," accounting for 40% of the customer base.

With the entry of Flipkart and Amazon, the competitive intensity of the quick commerce market has increased, experts said, adding that it will eventually shrink to two to three companies in the next few years as cash burn ends.

Blinkit, the quick commerce platform of Eternal, is the only quick commerce company that has proved profitability at the operating level over the last two quarters. It reported adjusted earnings before interest, tax, depreciation and amortization of 370 million rupees ($3.8 million) in the March quarter and of 40 million rupees in the previous quarter.

"Our view is that Blinkit is definitely going to be one of those two or three players," Aditya Soman, senior research analyst at CLSA India, told CNBC's Inside India on Tuesday.

But the slot for two more winners in the quick commerce race remains wide open. 

Need to knowAmazon adds new funding, lifting India AI and cloud investment to $48 billion
Amazon plans to invest an additional $13 billion to expand artificial intelligence and cloud infrastructure in India, taking its total investment in the country to $48 billion between 2026 and 2030. These funds will be used to expand AWS data center capacity in Mumbai and Hyderabad.

One of India's largest gold exporters paid its managing director just $180 a month, probe reveals
Indian authorities uncovered multiple accounting and operational irregularities at one of the country's largest gold companies, Rajesh Exports, according to an investigation released Wednesday, weeks after market regulators raised concerns over the company's reported revenue.

Coming up

July 1-3: Japanese Prime Minister Sanae Takaichi visits India.

July 3: HSBC composite final PMI for June.

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Hertz Global Holdings ("Hertz" or the "Company") (NASDAQ: HTZ). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Hertz and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On June 24, 2026, Hertz issued a press release "announc[ing] that its wholly-owned indirect subsidiary, The Hertz Corporation ('Hertz Corp.'), intends to offer, subject to market and other conditions, $300 million in aggregate principal amount of Exchangeable Senior First-Lien Secured PIK Notes due 2030 (the 'Notes') in a private offering to persons reasonably believed to be qualified institutional buyers[.]" The press release specified that "Hertz Corp. intends to use the net proceeds received from the offering of the Notes for general corporate purposes, which may include the repayment of outstanding indebtedness." 

On this news, Hertz's stock price fell $2.06 per share, or 40.71%, to close at $3.00 per share on June 24, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Hyliion Holdings Corp. ("Hyliion" or the "Company") (NYSE: HYLN). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Hyliion and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On June 23, 2026, Pelican Way Research ("PWR") published a short report entitled "Hyliion: A Glorified Science Project Who Has Continuously Failed To Meet Expectations And Is Now Throwing Around A Meaningless Deal." The report stated that Hyliion's stock had risen significantly following the Company's announcement of a non-binding letter of intent ("LOI") with VFG Holdings ("VFG") for up to 250 KARNO Cores, representing approximately $133 million in potential revenue. The PWR report alleged that the VFG LOI accounted for roughly one-third of Hyliion's reported $400 million-plus pipeline and questioned whether the LOI provided meaningful commercial validation. The report further alleged that VFG, which PWR identified as VFG Tech Holdings, LLC, was incorporated in January 2026, appeared to have only four employees listed on LinkedIn, had only a minimal website, and lacked evidence of funding or operating substance sufficient to support an order of that size. 

Following publication of the PWR report, Hyliion's stock price fell $1.27 per share, or 17.2%, to close at $6.10 per share on June 23, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

-

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against MercadoLibre, Inc. (“MercadoLibre” or the “Company”) (NASDAQ:MELI). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices.

[LEARN MORE ABOUT THE INVESTIGATION]

What Happened?

On May 7, 2026, MercadoLibre released its first quarter 2026 financial results and disclosed that loans which were “typically on average of 5 months” had now “moved to 8 months” and that the Company is “taking provisions in Brazil... related on the one hand, to extending the average term of our loans.” On this news, the price of MercadoLibre shares declined by $246.49 per share, or approximately 13.12%, from $1,879.01 per share on May 7, 2026 to close at $1,632.52 on May 8, 2026.

What Should I Do?

At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.

If you purchased or otherwise acquired MercadoLibre securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

[LEARN MORE ABOUT SECURITIES CLASS ACTIONS]

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

More News From Kirby McInerney LLP

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HONG KONG, July 02, 2026 (GLOBE NEWSWIRE) -- Guest Supply Asia today announced a licensing agreement with HAAN to manufacture and distribute HAAN-branded personal care products for hotels across Asia Pacific.

The agreement combines HAAN’s design-led, refillable approach to personal care with Guest Supply’s product development, manufacturing, distribution and service capabilities for hotel operators. It will give hospitality customers easier access to premium, operationally ready products.

HAAN is a travel-centric personal care brand known for practical, portable products designed for life on the go. Its formulas emphasize clean, natural and vegan ingredients, while its refillable systems are intended to help reduce single-use plastic waste. The brand also supports clean-water initiatives by directing a share of profits toward underground water wells in developing communities.

“This partnership is a strong fit for the hospitality market in Asia Pacific,” said Gustaf Lantz, senior vice president, EMEA and APAC regions, Guest Supply. “It combines HAAN’s modern, refillable design and clean formulations with Gilchrist & Soames’ expertise in developing and manufacturing high-quality amenities and Guest Supply’s ability to distribute at scale across the region.”

Under the agreement, Guest Supply will work with HAAN to localize product formats and operational requirements for the Asia-Pacific hospitality market, supporting consistent brand execution, dependable supply and streamlined ordering for hotel partners.

HAAN products are already available in more than 50 countries through thousands of points of sale, including concept and department stores, beauty chains and select travel retail locations. The new APAC licensing partnership is intended to accelerate availability and service levels for hospitality customers across the region.

About Guest Supply

With more than 40 years of experience, Guest Supply is a leader in hospitality supplies, serving major hotel chains and independent properties. As part of Sysco Corporation, it provides product development, manufacturing, distribution and service support.

About HAAN

HAAN is a Barcelona-born personal care brand dedicated to enriching everyday journeys with design-led, travel-ready products built around clean, vegan formulas and refillable systems.

Media Contact: Ramit Plushnick-Masti

[email protected]

Website: www.guestsupply.com.hk

SYY-NEWS

The stock of Interactive Brokers Group (IBKR +7.16%) was a mid-week standout in the financial services sector. Shares of the securities trading facilitator closed on Wednesday more than 7% higher, thanks to a monthly update showing strong growth in certain aspects of its operations.

Fruitful interactions For June, Interactive's daily average revenue trades (DARTs, widely considered a crucial metric for brokerages) rose by 53% year over year and 6% month over month to nearly 5.27 million.

Image source: Getty Images.

Client equity at the end of that month came in at just over $930 billion, a 40% improvement over the end-June 2025 figure but 1% below the May result.

Speaking of clients, Interactive's total customer accounts surged 34% year over year and 4% month over month to nearly 5.19 million. Ending client credit balances rose a respective 27% and 1% to land at over $182 billion.

Today's Change

(

7.16

%) $

6.23

Current Price

$

93.27

A reliable middleman The fact that only one of those metrics in one of the tracked periods sank -- and slightly -- indicates how well Interactive is doing these days.

To be fair, most of our securities markets remain frothy, so that's not a towering accomplishment in itself. However, investors have a wide and deep range of brokerages and financial services companies to choose from. So this one is obviously adept at both attracting and retaining active clients, and with that, I'd confidently consider its stock worthy of a buy.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Interactive Brokers Group. The Motley Fool recommends the following options: long January 2027 $43.75 calls on Interactive Brokers Group and short January 2027 $46.25 calls on Interactive Brokers Group. The Motley Fool has a disclosure policy.

Akamai Technologies (AKAM - Free Report) closed the most recent trading day at $112.81, moving -4.57% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.22% for the day. Elsewhere, the Dow saw a downswing of 0.03%, while the tech-heavy Nasdaq depreciated by 0.66%.

The stock of cloud services provider has fallen by 26.27% in the past month, lagging the Computer and Technology sector's loss of 2.58% and the S&P 500's loss of 1.21%.

Analysts and investors alike will be keeping a close eye on the performance of Akamai Technologies in its upcoming earnings disclosure. In that report, analysts expect Akamai Technologies to post earnings of $1.58 per share. This would mark a year-over-year decline of 8.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.09 billion, indicating a 4.75% increase compared to the same quarter of the previous year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.75 per share and revenue of $4.49 billion. These totals would mark changes of -5.2% and +6.8%, respectively, from last year.

Investors should also take note of any recent adjustments to analyst estimates for Akamai Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.92% higher. Akamai Technologies is holding a Zacks Rank of #5 (Strong Sell) right now.

Investors should also note Akamai Technologies's current valuation metrics, including its Forward P/E ratio of 17.51. This denotes a premium relative to the industry average Forward P/E of 14.8.

Also, we should mention that AKAM has a PEG ratio of 2.15. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Services industry had an average PEG ratio of 1.61 as trading concluded yesterday.

The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 36% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

New York, New York--(Newsfile Corp. - July 1, 2026) - WHY: New York, N.Y., July 1, 2026. Rosen Law Firm, a global investor rights law firm, reminds sellers of common stock of ChampionX Corporation (NASDAQ: CHX) between February 29, 2024 and April 1, 2024, inclusive (the "Class Period"), of the important July 14, 2026 lead plaintiff deadline.

SO WHAT: If you sold ChampionX common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the ChampionX class action, go to https://rosenlegal.com/cases/championx-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 14, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period failed to disclose material information, which artificially deflated the price of ChampionX common stock. On February 29, 2024, ChampionX received an unsolicited non-public offer from Schlumberger Limited to purchase all the outstanding shares of ChampionX for $36.70 per share. On March 7, 2024, Schlumberger raised its offer to $37.80 per share. The lawsuit alleges that while these offers were on the table and unknown to the investing public, ChampionX was repurchasing its common stock at market prices significantly below the prices offered by Schlumberger. ChampionX had an obligation to disclose that it had received a formal acquisition offer from Schlumberger or abstain from purchasing ChampionX stock from unsuspecting investors. During the Class Period, ChampionX's average stock price was $33.32 per share. On Tuesday, April 2, 2024, during pre-market hours, ChampionX disclosed the merger with Schlumberger. The merger eventually closed on July 16, 2025, with Schlumberger acquiring ChampionX for $40.58 per share.

To join the ChampionX class action, go to https://rosenlegal.com/cases/championx-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303634

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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A sign hangs in front of the world headquarters of Vertex Pharmaceuticals in Boston, Massachusetts, U.S., October 23, 2019. REUTERS/Brian Snyder/File Photo Purchase Licensing Rights, opens new tab

CompaniesJuly 1 (Reuters) - The U.S. Food and Drug Administration approved expanded use of Vertex Pharmaceuticals' (VRTX.O), opens new tab gene therapy in children as ​young as two with inherited blood disorders, including ‌sickle cell disease, the first such treatment cleared for this age group.

Casgevy, a one-time treatment made from a patient's own blood stem ​cells, was previously approved for patients aged 12 ​and older with sickle cell disease or transfusion-dependent ⁠beta thalassemia.

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Here are further details: -

Sickle cell disease is a ​painful, inherited blood disorder in which the body makes sickle-shaped ​hemoglobin, preventing red blood cells from properly carrying oxygen to the body's tissues.

In a trial of children aged five to under 12 ​with sickle cell disease, all eight evaluable patients had ​no severe vaso-occlusive crises or painful episodes for at least 12 straight ‌months ⁠within the first 24 months of infusion.

In beta thalassemia, eight of nine evaluable children achieved transfusion independence for 12 consecutive months, with a median duration of 20.1 months.

The ​FDA granted approval ​to Vertex ⁠in 53 days after filing under the Commissioner's National Priority Voucher, its new fast-track ​program designed to shorten review time for a ​drug ⁠application.

In 2023, the FDA approved Vertex's and Genetix Biotherapeutics' gene therapies for sickle cell disease in patients 12 years and older.

Other ⁠long-term ​treatment options for sickle cell disease ​include bone marrow transplant, which requires matching donors, and the chemotherapy drug ​hydroxyurea.

Reporting by Puyaan Singh in Bengaluru; Editing by Vijay Kishore

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

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Peabody Energy Corporation (“Peabody” or the “Company”) (NYSE: BTU) on behalf of investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON PEABODY ENERGY CORPORATION (BTU), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

What Is The Investigation About?

On March 30, 2026, Peabody issued a press release lowered guidance concerning its Centurion mine’s first quarter 2026 output due to mining commissioning challenges.

On this news, Peabody’s stock price fell $3.82, or 9.7%, to close at $35.68 per share on March 30, 2026, thereby injuring investors.

Then, on May 5, 2026, Peabody disclosed that it had failed to complete its goal to fully ramp-up Centurion by March 2026 and that it was cutting guidance related to full year metallurgical segment volumes to reflect the increased cost and substantial volume decrease.

On this news, Peabody’s stock price fell $1.52, or 5.7%, to close at $25.00 per share on May 5, 2026, thereby injuring investors further.

Contact Us To Participate or Learn More:
If you purchased Peabody securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com.
Email us at: [email protected]
Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

More News From The Law Offices of Frank R. Cruz

Okta (OKTA - Free Report) ended the recent trading session at $140.46, demonstrating a +2.94% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 0.66%.

Shares of the cloud identity management company witnessed a gain of 0.84% over the previous month, beating the performance of the Computer and Technology sector with its loss of 2.58%, and the S&P 500's loss of 1.21%.

Investors will be eagerly watching for the performance of Okta in its upcoming earnings disclosure. In that report, analysts expect Okta to post earnings of $0.96 per share. This would mark year-over-year growth of 5.49%. In the meantime, our current consensus estimate forecasts the revenue to be $792.14 million, indicating a 8.81% growth compared to the corresponding quarter of the prior year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $3.83 per share and revenue of $3.2 billion, which would represent changes of +9.43% and +9.51%, respectively, from the prior year.

Any recent changes to analyst estimates for Okta should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.72% higher. At present, Okta boasts a Zacks Rank of #3 (Hold).

In terms of valuation, Okta is presently being traded at a Forward P/E ratio of 35.64. This signifies a discount in comparison to the average Forward P/E of 47.54 for its industry.

It's also important to note that OKTA currently trades at a PEG ratio of 2.24. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Security was holding an average PEG ratio of 3.14 at yesterday's closing price.

The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 33% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Analog Devices (ADI - Free Report) ended the recent trading session at $388.98, demonstrating a -2.06% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.22%. On the other hand, the Dow registered a loss of 0.03%, and the technology-centric Nasdaq decreased by 0.66%.

The semiconductor maker's shares have seen a decrease of 6.15% over the last month, not keeping up with the Computer and Technology sector's loss of 2.58% and the S&P 500's loss of 1.21%.

The investment community will be closely monitoring the performance of Analog Devices in its forthcoming earnings report. In that report, analysts expect Analog Devices to post earnings of $3.33 per share. This would mark year-over-year growth of 62.44%. Our most recent consensus estimate is calling for quarterly revenue of $3.93 billion, up 36.28% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.41 per share and a revenue of $14.58 billion, representing changes of +59.31% and +32.29%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Analog Devices. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Analog Devices holds a Zacks Rank of #2 (Buy).

Investors should also note Analog Devices's current valuation metrics, including its Forward P/E ratio of 32. This denotes a discount relative to the industry average Forward P/E of 57.47.

It is also worth noting that ADI currently has a PEG ratio of 1.11. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Semiconductor - Analog and Mixed industry currently had an average PEG ratio of 1.02 as of yesterday's close.

The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 4, this industry ranks in the top 2% of all industries, numbering over 250.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow ADI in the coming trading sessions, be sure to utilize Zacks.com.

In the latest close session, ATI (ATI - Free Report) was down 2.5% at $192.17. The stock fell short of the S&P 500, which registered a loss of 0.22% for the day. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 0.66%.

The maker of steel and specialty metals's stock has climbed by 10.43% in the past month, exceeding the Aerospace sector's gain of 1.09% and the S&P 500's loss of 1.21%.

The investment community will be paying close attention to the earnings performance of ATI in its upcoming release. The company's earnings per share (EPS) are projected to be $1.02, reflecting a 37.84% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.22 billion, showing a 7.16% escalation compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates project earnings of $4.43 per share and a revenue of $5 billion, demonstrating changes of +36.73% and +8.98%, respectively, from the preceding year.

Investors should also take note of any recent adjustments to analyst estimates for ATI. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. ATI is currently sporting a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that ATI has a Forward P/E ratio of 44.48 right now. Its industry sports an average Forward P/E of 39.96, so one might conclude that ATI is trading at a premium comparatively.

Meanwhile, ATI's PEG ratio is currently 1.7. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Aerospace - Defense Equipment industry currently had an average PEG ratio of 2.3 as of yesterday's close.

The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 29% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

In the latest trading session, Quanta Services (PWR - Free Report) closed at $691.40, marking a -3.98% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.

The specialty contractor for utility and energy companies's stock has climbed by 1.98% in the past month, falling short of the Construction sector's gain of 5.89% and outpacing the S&P 500's loss of 1.21%.

The upcoming earnings release of Quanta Services will be of great interest to investors. On that day, Quanta Services is projected to report earnings of $3.29 per share, which would represent year-over-year growth of 32.66%. Our most recent consensus estimate is calling for quarterly revenue of $8.53 billion, up 25.87% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $14.03 per share and a revenue of $34.77 billion, representing changes of +30.51% and +22.07%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Quanta Services. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Quanta Services possesses a Zacks Rank of #2 (Buy).

In the context of valuation, Quanta Services is at present trading with a Forward P/E ratio of 51.31. This indicates a premium in contrast to its industry's Forward P/E of 38.44.

Also, we should mention that PWR has a PEG ratio of 2.59. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Engineering - R and D Services industry was having an average PEG ratio of 2.05.

The Engineering - R and D Services industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 159, placing it within the bottom 36% of over 250 industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.